Waters Corporation Executive Officer Stock Option Agreement under 2003 Equity Incentive Plan

Summary

This agreement is between Waters Corporation and an executive employee, granting the employee the right to purchase company stock at a set price under the 2003 Equity Incentive Plan. The option vests over five years, with 20% becoming exercisable each year, and expires after ten years or earlier if employment ends. The agreement outlines how the option can be exercised, transferred to family members, and is subject to the terms of the broader incentive plan. Tax consequences are not guaranteed by the company, and employees are advised to consult their own tax advisors.

EX-10.29 4 b52084wcexv10w29.txt EX-10.29 FORM OF EXECUTIVE OFFICER STOCK OPTION AGREEMENT Exhibit 10.29 WATERS CORPORATION 2003 EQUITY INCENTIVE PLAN STOCK OPTION AGREEMENT THIS AGREEMENT dated as of <> between Waters Corporation, a corporation organized under the laws of the State of Delaware (the "Company"), and <> (the "Optionee"), an employee of Waters Corporation. 1. GRANT OF OPTION. Pursuant and subject to the Company's 2003 Equity Incentive Plan (as the same may be amended from time to time, the "Plan"), the Company grants to you, the Optionee, an option (the "Option") to purchase from the Company all or any part of a total of <> shares (the "Optioned Shares") of the common stock, par value $.01 per share, in the Company (the "Stock"), at a price of $<