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  Exhibit 10.8(a)    
    


 
    FORM OF STANDARD
  STOCK OPTION AGREEMENT
  NABORS INDUSTRIES LTD.    
    



        This Stock Option Agreement ("Agreement") is effective the            day of
          ,            ("Date of Grant") between Nabors Industries, Inc. ("NII"), acting on behalf of Nabors
Industries Ltd. ("NIL") and at the request of a subsidiary of NIL ("Subsidiary") (collectively the "Company"), and [insert employee's name] ("Optionee"),
an employee of Subsidiary. 


        WHEREAS, Subsidiary desires to provide a grant of stock options to Optionee as an incentive to encourage stock ownership and to remain in
the employ of Subsidiary; to enhance the profitability of the Company and the mutuality of interest between Optionee and Company; and to strengthen and protect the Company's goodwill; and 


        WHEREAS, it is agreed between the parties that the stock options shall be governed exclusively by this Agreement and the Nabors
Industries Ltd. 2013 Stock Plan ("Plan"). In the event of any conflict between the terms of this Agreement and the Plan, the Plan shall control. Capitalized terms used but not defined in this
Agreement shall have the meaning attributed to such terms in the Plan, unless the context requires otherwise. 


        NOW, THEREFORE, the parties agree as follows: 


        1.    Grant of Options:    



        (a)    Number of Shares.    NII at the request of Subsidiary hereby grants to Optionee in accordance with the terms
and conditions of the Plan, the right and option to purchase from NIL all or any part of an aggregate of [insert number of shares] Common Shares (the "Options"). 



        (b)    Exercise Price.    The Options shall have an exercise price of $            
per Common Share, which has been determined to be not less than the Fair Market Value of a Common Share at the Date of Grant. 


        (c)    Expiration Date.    The Options shall expire on          (the "Expiration
Date"). 


        (d)    Vesting.    Optionee's rights with respect to the Options, subject to the provisions of paragraph 2
below, shall only vest in 4 equal annual installments beginning on the first calendar year anniversary of the Date of Grant. 


        (e)    Exercise of Options.    Subject to earlier expiration of the Options as herein provided, the Options may be
exercised, by written notice to the Company addressed to the attention of its Corporate Secretary (or such other officer or employee of the Company as the Company may designate from time to time), at
any time and from time to time after the Date of Grant hereof, but, except as otherwise provided below, the Options shall not be exercisable for more than a percentage of the aggregate number of
Common Shares offered by this Agreement that are vested, determined in accordance with paragraph 1(d). Except as provided in paragraph 2(a) and subject to paragraph 2(b), the
Options may be exercised only while Optionee remains an employee, officer, director or consultant of Subsidiary and will terminate and cease to be exercisable upon Optionee's termination of employment
or other service relationship with Subsidiary. 




        2.    Terms and Conditions.    The Options are subject to the following terms and conditions: 



        (a)    Effect of Termination of Employment.    Subject to paragraph 2(b) below, if Optionee ceases to be an
employee, officer, director or consultant of Subsidiary for any reason other than Optionee's resignation or Termination for Cause, any outstanding Options vested on the date of termination may be
exercised after Optionee's date of termination by Optionee (or in the event of Optionee's death, Optionee's heirs, devisees, or legatees) until the earlier of the stated expiration date of the Options
or 90 days following the date of Termination. If Optionee ceases to be an employee, officer, director or consultant of Subsidiary due to Optionee's Resignation or 









Termination
for Cause, any outstanding options whether vested or unvested shall expire and may not be exercised after Optionee's date of termination. In all events, all options that are unvested on
and as of the date of termination shall be forfeited. 


        (b)    Wrongful Conduct.    If the Board of Directors of NIL or any committee of the Board of Directors, prior to or
following the date Optionee ceases for any reason whatsoever to be an employee, officer, director, or consultant of the Subsidiary (or any other subsidiary of NIL), and after full consideration of the
facts, finds by majority vote that Optionee has engaged in fraud, embezzlement, theft, commission of a felony, dishonesty, or any other conduct inimical to NIL, NII or Subsidiary, Optionee shall
forfeit all unexercised options, whether or not vested and shall return to the Company any gain on options previously exercised during the period following (x) the date the inimical conduct
first occurred or (y) 1 year prior to the date of termination, whichever is earlier. The decision of the Board of Directors of NIL or any committee of the Board of Directors shall be
final. 


        (c)    Solicitation of Employees/Competition.    During the term of employment and for a period of 1 year
following the termination of employment with the Subsidiary (or any other subsidiary of NIL), Optionee agrees that he or she will not (i) individually or on behalf of his or her employer or any
other person or entity, directly or indirectly, solicit, divert, or recruit any employee or officer of NIL, NII, Subsidiary, or affiliated companies, or induce any employee of NIL, NII, Subsidiary or
affiliated companies, to terminate his or her employment, or (ii) directly or indirectly, as an employee, consultant, principal, agent, trustee or otherwise engage in any business through a
corporation, partnership or other entity that competes directly with any business that is conducted by NIL, NII, Subsidiary or affiliated companies and that (x) Optionee was directly or
indirectly engaged in on behalf of NIL, NII, Subsidiary or affiliated companies or (y) Optionee obtained confidential information regarding during the course of his or her employment. 




        Additionally,
for a period of 1 year following the termination of employment with the Subsidiary (or any other subsidiary of NIL), Optionee will not directly or indirectly solicit
service or accept competing business from customers of NIL, NII, Subsidiary or affiliated companies with whom Optionee, within the previous year, (i) had or made contact, or (ii) had
access to Confidential Information regarding. These restrictions are further limited geographically to the specific places, addresses, or locations where a customer is present and available for
soliciting and servicing. 


        Without
limiting the remedies to which NIL, NII, Subsidiary or any affiliated company may be entitled, if the Board of Directors of NIL or any committee of the Board of Directors, prior
to or following the date Optionee ceases, for any reason whatsoever, to be an employee, officer, director, or consultant of the Subsidiary (or any other subsidiary of NIL) and after full consideration
of the facts, find by
majority vote that Optionee has engaged in any of the activities mentioned in this Section 2(c), Optionee shall forfeit all unexercised options, whether or not vested and shall return to the
Company any gain on options previously exercised during the period following (x) the date the inimical conduct first occurred or (y) 1 year prior to the date of termination,
whichever is earlier. The decision of the Board of Directors of NIL or any committee of the Board of Directors shall be final. 


        "Affiliated
companies" as used herein means any entity which now or in the future directly controls, is controlled by, or is under common control with Company, where "control" in
relation to Company means the direct or indirect ownership of at least fifty percent of the voting securities or shares. 


        Company
has attempted to place the most reasonable limitations on Optionee's subsequent employment opportunities consistent with the protection of Company's valuable trade secrets,
business interests, and goodwill. In order to accommodate Optionee in obtaining subsequent employment, Company may, in its discretion, grant a waiver of one or more of the restrictions on subsequent
employment contained in this Section 2(c). A request for waiver shall be in writing and must be received by the Company at least 45 days before the proposed starting date of the
employment for which Optionee is seeking a waiver. The request must include the full name and address of the organization with which Optionee is seeking employment; the department or area in which
Optionee 








proposes
to work; the position or job title to be held by Optionee; and a complete description of the duties Optionee expects to perform for such employer. If Company decides to grant a waiver (which
decision shall be solely within Company's discretion), the waiver may be subject to such restrictions or conditions as Company may impose. 


        (d)    Continuance of Employment.    Nothing in this Agreement shall confer on any individual any right to continue in
the employ of the Subsidiary or to interfere in any way with the right of the Subsidiary to terminate Optionee's employment at any time. Nothing in this Agreement alters the employment at-will
relationship between the parties. 


        (e)    Non-Qualified Options.    The options shall be treated as non-qualified stock options for U.S. federal income
tax purposes. 


        (f)    Governing Terms.    This Agreement is subject to, and the Subsidiary and the Optionee agree to be bound by, all
the terms and conditions of the Plan under which the Options were granted, as the same may have been amended from time to time in accordance with its terms. Pursuant to said Plan, the Administrator is
vested with conclusive authority to interpret and construe the Plan and this
Agreement, and is authorized to adopt rules and regulations for carrying out the Plan. A copy of the Plan in its present form is posted on the Company's intranet site and is also available for
inspection during business hours by the Optionee or other persons entitled to exercise the Options at NII's principal office. 


        3.    Notices.    Any notice hereunder to NII shall be addressed to it at its office as follows: Attn: Secretary. Any
notice hereunder to Optionee shall be addressed to Optionee at the address on file with Subsidiary. Either party may designate at any time hereafter in writing some other address. 



        4.    Shareholder Rights.    Neither Optionee nor Optionee's heirs, devisees, legal representative, legatees or
distributes, as the case may be, shall have any of the rights or privileges of a shareholder of NIL by virtue of the Option except with respect to any Common Shares actually issued or transferred of
record and delivered to one of the aforementioned persons. 


        5.    Acknowledgments.    


        (a)   Optionee
agrees to be bound by the terms of this Agreement and the Plan and hereby acknowledges that all decisions, determinations and interpretations of the
Administrator in respect of this Agreement and the Plan shall be final, conclusive and binding on all Optionees and their heirs, devisees, legal representatives, legatees, beneficiaries and
distributees. 


        (b)   Equitable
Adjustments. Optionee understands that the Optionee may be subject to the Equitable Adjustment provisions in Section 5 of the Plan. 


        6.    Governing Law & Severability.    Except as provided for below, the Plan and all rights and obligations
thereunder shall be construed in accordance with and governed by the laws of the State of Delaware. If any provision of this Agreement should be held invalid, the remainder of this Agreement shall be
enforced to the greatest extent permitted by applicable law, it being the intent of the parties that invalid or unenforceable provisions are severable. The parties further intend that the
post-employment restrictions set forth in Section 2(c) hereof shall be construed in accordance with and governed by the laws of the State of Texas. 


        7.    Modifications.    No modification or waiver of this Agreement or any part hereof shall be valid or effective
unless in writing and signed by the parties hereto. Further, no waiver or breach of this Agreement shall be deemed to be a waiver of any other subsequent breach or conditions, whether of a like or
different nature. 


        8.    Entire Agreement.    This Agreement contains the entire agreement between the parties with respect to the
subject matter and supersedes any and all prior understandings, agreements or correspondence between the parties. 


        9.    Dispute.    Any dispute, controversy or claim arising out of, or relating to, this Agreement or the breach,
termination or invalidity thereof, shall be settled by arbitration before a single arbitrator in 









accordance
with the rules of the American Arbitration Association. The place of arbitration shall be at Houston, Texas. Nothing herein shall preclude either party from seeking injunctive relief or
other provisional remedy in case of any breach hereof, including without limitation injunctive relief or other provisional remedy to compel arbitration or otherwise aid said arbitration. The losing
party shall bear all the costs of any proceeding including reasonable attorney's fees. 


        10.    Place of Performance; Venue.    The place of performance for this Agreement is and shall be Harris County,
Texas; and venue for any action to enforce any term of this Agreement by injunctive relief or other provisional remedy (as provided for by Section 9, above) shall lie in Harris County, Texas. 


        IN
WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year first written above. 

 






					
	 	 	NABORS INDUSTRIES, INC.
	

 	
 	
By:	
 	
 







 
	

 	
 	
OPTIONEE
	

 	
 	
  







 
	 	 	«NAME»




 

 








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Exhibit 10.8(a)


FORM OF STANDARD STOCK OPTION AGREEMENT NABORS INDUSTRIES LTD.