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                                                                   EXHIBIT 10.30

                            MAVERICK TUBE CORPORATION
              RESTATED SENIOR EXECUTIVE DEFERRED COMPENSATION PLAN

1.      PURPOSE  - The  Maverick  Tube  Corporation  Restated  Senior  Executive
        Deferred  Compensation  Plan (the  "Plan")  is  established  to  provide
        additional  incentive to executive  personnel to remain in the employ of
        Maverick  Tube  Corporation  (the  "Corporation")  by offering  deferred
        compensation to such personnel subject to such continued employment.

2.      ADMINISTRATION  - The Plan  shall be  administered  by the  Compensation
        Committee   of  the  Board  of  Directors   of  the   Corporation   (the
        "Committee"),  which  Committee,  subject to any permitted action by the
        Board of Directors  (the  "Board"),  shall have complete  discretion and
        authority  with  respect to the Plan and its  application  except to the
        extent that discretion is limited by the Plan.

3.      PARTICIPANTS - Any key employee  ("Employee") of the Corporation who has
        been  designated  as  eligible  to  participate  under  the  Plan by the
        Compensation  Committee,  shall  become a  participant  ("Participant").

4.      Employees who have been designated,  as Participants by the Committee
        shall be listed  on  Schedule  A,  attached  hereto  and  made a part
        hereof  by  reference.  The  Committee  may  amend  Schedule  A from
        time to time by adding additional Participants thereto.

5.      DEFERRED  COMPENSATION - For each fiscal year of the Corporation  during
        which this Plan is in effect,  the  Corporation  may  contribute  to the
        Deferred  Compensation  Account of the Employee an amount,  if any, as a
        Contribution  as the  Corporation in its sole discretion may determined.
        This  provision  shall not be construed as requiring the  Corporation to
        make a Contribution in any specific fiscal year.

        Any  Participant  may elect, in accordance with this Section 4, to defer
        annually the receipt of a portion of the compensation  payable to him in
        the form of abase  salary  and cash  bonuses by the  Corporation  in any
        calendar year,  which portion shall be designated by him subject to such
        limitations  as the  Committee may from time to time approve in writing.
        Any compensation  deferred pursuant to this Section shall be recorded by
        the  Corporation  in  a  deferred   compensation   account   ("Account")
        maintained  in the  name of the  Participant,  which  Account  shall  be
        credited on each date of payment of  compensation in accordance with the
        Corporation's   normal   payroll   practice,   in  an  amount  equal  to
        Participant's elected deferral for the year, divided by the total number
        of applicable payroll periods for the year. A Participant shall be fully
        vested at all times in any compensation deferred by him pursuant to this
        Plan.

        The  Notice  by which a  Participant  elects  to defer  compensation  as
        provided  in  this  Agreement  shall  be  in  writing,   signed  by  the
        Participant,  and delivered on an annual basis to the Committee, but not
        later  than 15 days  after the  initial  effective  date of the Plan and
        thereafter,  prior to December 15 of the calendar  year  preceding  that
        year in which the  compensation  to be deferred is otherwise  payable to
        the  Participant.  Such  election  (and any  subsequent  election)  will
        continue  until  suspended or modified in writing by the  Participant to
        the  Committee,  which new  election  shall only  apply to  compensation
        otherwise  payable to the Participant after the end of the calendar year
        in which such  election is  delivered  to the  Committee.  Any  deferral
        election made by the  Participant  shall be irrevocable  with respect to
        any  compensation  covered by such election,  including the compensation
        payable  in the  calendar  year in  which  the  election  suspending  or
        modifying the prior election is delivered to the Committee.

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5.      INVESTMENT OF DEFERRED AMOUNTS - The Corporation shall direct the manner
        in which  any  amounts  credited  to a  Participant's  Account  shall be
        invested.  Investment of such amounts shall be made for the sole purpose
        of determining  subsequent investment earnings and losses to be credited
        to Participant's Account. Any interest in any investment medium shall be
        owned by the Corporation and the Participant  shall have no ownership or
        control over the account of the Corporation with such fund.

        The Corporation  shall furnish each Participant with an annual statement
        of his Account. The Corporation shall also credit earnings and losses on
        investment  of  amounts  in  Participant's  Account,  for  contributions
        pursuant  to Section 4, to the  Account as of the date of such  earnings
        and losses are  credited  to the account of the  Corporation,  until the
        last day of the month  prior to the month of final  distribution  of the
        Account pursuant to Section 6 of the Plan.

6.      DISTRIBUTION OF DEFERRED AMOUNTS

        a.  Upon termination of the services or employment of a Participant with
            the  Corporation and all of its Affiliates for any reason other than
            death,  the  Participant  will be entitled  to receive all  deferred
            amounts,  together with all  investment  earnings and losses hereon,
            credited  to  the  Participant's  Account,  in  substantially  equal
            installments,  payable not less  frequently than quarterly over five
            years,  commencing  not later than 90 days after the end of the year
            in which termination occurs.

        b.  Upon  termination of a Participant's  service or employment with the
            Corporation  by reason of his death,  the  Participant's  designated
            beneficiary  or  beneficiaries  shall be  entitled  to  receive  all
            amounts  credited to the Account of the  Participant,  together with
            all investment  earnings and losses  thereon,  as of the date of his
            death,  in a single sum payable not later than 90 days after the end
            of the year in which death occurs.

        c.  Upon the death of the Participant prior to complete  distribution to
            him of the  vested  balance  of his  Account  (and after the date of
            termination of his service or employment with the Corporation),  all
            deferred amounts and all vested matching amounts,  together with all
            investment   earnings   and   losses   thereon,   credited   to  the
            Participant's   Account,  shall  be  payable  to  the  Participant's
            designated  beneficiary or beneficiaries in a single sum payable not
            later than 90 days after the end of the year in which death  occurs.
            If there is no designated beneficiary,  such amount shall be paid to
            the estate of the deceased Participant.

        d.  Notwithstanding the foregoing, at any time the Committee,  acting in
            its sole discretion, may accelerate payment of all or any portion of
            the unpaid balance of the Participant's Account.

7.      HARDSHIP   WITHDRAWAL   OF  ACCOUNT   BALANCE  -  In  the  event  of  an
        unforeseeable  emergency,  a  Participant  may apply to the Committee to
        cease deferrals under this Plan or to withdraw all or any portion of the
        vested  balance in his Account;  provided that such election shall be in
        writing, signed by the Participant,  and delivered to the Committee. For
        purposes of this paragraph 7 an  unforeseeable  emergency shall mean the
        occurrence of severe  financial  hardship to the  Participant  resulting
        from a sudden and unexpected illness or accident of the Participant or a
        dependent of the Participant,  loss of the Participant's property due to
        casualty, or other similar extraordinary and unforeseeable circumstances
        arising as a result of events beyond the control of the Participant. The
        Committee  shall  make  a  determination  of  whether  an  unforeseeable
        emergency  exists  based  upon the facts of each  case.  In no event may
        payment be made to relieve a hardship  if the  hardship  can be relieved
        (i) through reimbursement by insurance or otherwise, (ii) by liquidation
        of the Participant's  assets to the extent that such would not in itself
        cause a severe  hardship,  (iii) by a cessation of  deferrals  under the
        Plan.  Such  withdrawal  will preclude  Participant  from  continuing or
        commencing   salary  deferral  in  the  year  of  withdrawal;   however,
        Participant shall be eligible to resume deferrals in subsequent years.

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8.      CHANGE OF CONTROL -  Notwithstanding  the  foregoing,  in the event of a
        Change of Control of the Corporation,  the Participant shall immediately
        thereupon  vest in all  amounts in his  Account.  A "Change of  Control"
        shall mean the  purchase or other  acquisition  by any person  entity or
        group of persons,  within the  meaning of section  13(d) or 14(d) of the
        Securities  Exchange Act of 1934 ("Act"),  or any  comparable  successor
        provisions,  of beneficial  ownership  (within the meaning of Rule 13d-3
        promulgated  under  the  Act) of  thirty-five  percent  (35%) or more of
        either the  outstanding  shares of common stock or the  combined  voting
        power  Corporation's then outstanding voting securities entitled to vote
        generally,  or the  approval by the  stockholders  of  Corporation  of a
        reorganization,  merger, or consolidation, in each case, with respect to
        which persons who were stockholders of Corporation  immediately prior to
        such  reorganization,   merger  or  consolidation  do  not,  immediately
        thereafter,  own more than fifty  percent  (50%) of the combined  voting
        power  entitled to vote  generally  in the  election of directors of the
        reorganized,   merged  or  consolidated  Corporations  then  outstanding
        securities,  or a liquidation  or  dissolution  of Corporation or of the
        sale of all or substantially all of Corporation's assets. If a Change of
        Control  occurs,  all amounts  credited  to the Account of the  Employee
        shall be immediately paid to him.

9.      PARTICIPANT'S  RIGHTS  UNSECURED  - The  Corporation  may,  at its  sole
        discretion,  elect  to  segregate  funds  representing  annual  deferred
        compensation  amounts may deposit such funds into a trust constituting a
        grantor  trust under  Sections 671 through 679 of the  Internal  Revenue
        Code of 1986, as amended,  and meeting the  requirements  of Rev.  Proc.
        92-64 ("Rabbi  Trust").  The right of the  Participant or his designated
        beneficiary  to receive a distribution  hereunder  shall be an unsecured
        claim  against the general  assets of the  Corporation,  and neither the
        Participant nor his designated  beneficiary  shall have any rights in or
        against any amount  credited  to his  Account,  whether or not  separate
        funds are being held in a Rabbi Trust,  or any other specific  assets of
        the  Corporation.  All amounts  credited to an Account or deposited n or
        held by a Rabbi Trust shall constitute general assets of the Corporation
        and, subject to the provisions of the Rabbi Trust, may be disposed of by
        the  Corporation  at such  time  and for  such  purposes  as it may deem
        appropriate.  The Plan shall  constitute  a mere promise to make benefit
        payments in the future.

10.     PROHIBITION  AGAINST  ASSIGNMENT  - The  Payments,  benefits or interest
        provided  for under  this Plan  shall not be subject to any claim of any
        creditor of any Participant or the beneficiary of any Participant in law
        or in  equity  and  shall  not b  subject  to  attachment,  garnishment,
        execution  or other legal  process by any such  creditor;  nor shall the
        Participant have any right to sell, assign, transfer,  pledge, encumber,
        anticipate, alienate or otherwise dispose of any such payments, benefits
        or interest.

11.     AMENDMENTS  TO THE PLAN - The  Board  may  amend  the Plan at any  time,
        without  the  consent  of  the  Participants  or  their   beneficiaries;
        provided,  however,  that no amendment  shall divest any  Participant or
        beneficiary of the balance in his Account,  or of any rights to which he
        would  have been  entitled  under the Plan prior to such  amendment,  or
        relieve the Corporation of any obligation hereunder,  including, without
        limitation,   its   obligation   for   subsequent   credit  of  deferred
        compensation with respect to such Participants.

12.     TERMINATION OF PLAN - The Board presently  intends to continue this Plan
        indefinitely  but reserves the right to terminate this Plan at any time.
        Termination of this Plan shall not affect the rights of Participants (or
        their designated  Beneficiaries)  to payments of amounts standing to the
        credit of Participants at the time of such termination.


13.     NOTICES - Any  notice or  election  required  or  permitted  to be given
        hereunder shall be in writing and shall be deemed to be filed:

                i.      On the date it is personally  delivered to the Secretary
                        of the Corporation; or
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                ii.     Three  business  days after it is sent by  registered or
                        certified mail, addressed to the Corporation's Secretary
                        at Maverick Tube Corporation, 16401 Swingley Ridge Road,
                        Suite 700, Chesterfield, Missouri 63017

14.     EFFECTIVE DATE - This Plan shall be effective February 20, 2003.


                                    MAVERICK TUBE CORPORATION


                                    By: /s/ Gregg Eisenberg

                                    Title: President & CEO


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                            MAVERICK TUBE CORPORATION
                           DEFERRED COMPENSATION PLAN

                                   SCHEDULE A

                                   PARTICIPANT


                                 Gregg Eisenberg

                              Sudhakar Kanthamneni

                                   Scott Evans

                                    Jim Cowan