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                                                                    EXHIBIT 10.2

                         NON-QUALIFIED OPTION AGREEMENT
                                    UNDER THE
                              WOLVERINE TUBE, INC.
                           2003 EQUITY INCENTIVE PLAN
                        (As amended as of July 24, 2003)

NON-QUALIFIED OPTION AGREEMENT, dated as of DATE (the "Grant Date"), between
WOLVERINE TUBE, INC., a Delaware corporation (the "Company"), and the other
party signatory hereto (the "Participant").

WHEREAS the Participant is currently an officer or employee of the Company or
one of its Subsidiaries and, pursuant to the Company's 2003 Equity Incentive
Plan, as amended (the "Plan") and upon the terms and subject to the conditions
hereinafter set forth, the Company desires to provide the Participant with an
incentive to remain in its employ and to increase his or her interest in the
success of the Company through the granting to the Participant of non-qualified
stock options (the "Options") to purchase shares of common stock of the Company,
par value $0.01 per share (the "Common Stock") as described on Exhibit A hereto.

NOW, THEREFORE, in consideration of the covenants and agreements herein
contained, the parties hereto agree as follows:

1.    Incorporation of Plan Terms; Definitions. This Agreement and the Options
      shall be subject to the Plan, the terms of which are hereby incorporated
      herein by reference, and in the event of any conflict between the Plan and
      this Agreement, the Plan shall govern. Capitalized terms used herein
      without definition shall have the meanings assigned to them in the Plan.

2.    Grant of Option. Subject to the terms and conditions contained herein and
      in the Plan, the Company hereby grants to the Participant, effective as of
      the Grant Date, the Options specified on Exhibit A hereto. Each such
      Option shall entitle the Participant to purchase, upon payment of the
      relevant Option Price specified on Exhibit A hereto, the number of shares
      of Common Stock corresponding to such Option as specified on Exhibit A
      hereto. Each Option granted hereunder is not intended to qualify as, and
      shall not be treated as, an "incentive stock option" within the meaning of
      Section 422 of the Internal Revenue Code of 1986, as amended.

3.    Terms and Conditions of Options. The Options evidenced hereby are subject
      to the following terms and conditions:

      (a)   Vesting. Each Option shall vest according to the schedule
            corresponding to such Option as specified on Exhibit A hereto.
            However, all Options shall immediately vest and become exercisable
            upon a Change in Control of the Company.

      (b)   Option Period. No Option may be exercised after the relevant
            expiration date set forth on Exhibit A. Upon termination of the
            Participant's Full-Time Employment (as hereinafter defined) with the
            Company, the Options, to the extent then vested (the "Vested
            Options"), may be exercised as follows:

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            (i)   If the Participant's Full-Time Employment terminates by reason
                  of Disability (as hereinafter defined), the Vested Options
                  shall be exercisable by the Participant for one year following
                  the date of such termination;

            (ii)  If the Participant's Full-Time Employment terminates by reason
                  of Retirement (as hereinafter defined), the Vested Options
                  shall be exercisable by the Participant until their
                  expiration;

            (iii) If the Participant's Full-Time Employment terminates by reason
                  of the Participant's death, the Vested Options shall be
                  exercisable by the Participant's Beneficiary (as hereinafter
                  defined) for one year following the date of death;

            (iv)  If the Participant's Full-Time Employment is terminated by the
                  Company or one of its Subsidiaries for Cause (as hereinafter
                  defined) or if the Participant voluntarily resigns his
                  employment with the Company or one of its Subsidiaries for any
                  reason other than Disability or Retirement, all Vested Options
                  shall immediately terminate and cease to be exercisable as of
                  the date of such termination or resignation; and

            (v)   If the Participant's Full-Time Employment terminates for any
                  other reason not specified above in this Section 3(b), the
                  Vested Options shall be exercisable by the Participant for 90
                  days following the date of such termination.

            The Committee may, in its sole discretion, provide for a longer
            post-termination exercise period than the applicable period
            specified above. Any Option which is not a Vested Option as of the
            date of the Participant's termination of Full-Time Employment shall
            terminate as of such date and be of no further force and effect.

            For the purposes of this Section 3(b), the following terms shall
            have the meanings set forth below:

                  "Full-Time Employment" means regular employment as a common
                  law employee of the Company or one of its Subsidiaries for at
                  least 35 hours per week.

                  "Retirement" means the Participant's termination or
                  resignation of Full-Time Employment on or after the
                  Participant has attained an age at which the Participant
                  qualifies for retirement under a pension plan of the Company
                  or one of its Subsidiaries; provided, however, that should the
                  Participant not be qualified for retirement under a pension
                  plan of the Company or one of its Subsidiaries at the time of
                  such termination or resignation, whether the Participant has
                  retired for purposes of this Agreement shall be determined in
                  good faith by the Committee, and such determination shall be
                  final and binding on all persons.

                  "Disability" means permanent disability as defined in the
                  long-term disability policy of the Company or one of its
                  Subsidiaries applicable to the Participant.

                  "Beneficiary" means the person designated by the Participant
                  in writing to the Company on Exhibit B as having the right to
                  exercise the Vested Options in the event of the Participant's
                  death or, if no such person is designated, the Participant's
                  estate.

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                  "Cause" means (i) the failure or refusal of the Participant to
                  perform the duties of his or her employment, (ii) the
                  Participant's fraud or dishonesty against the Company or any
                  of its Subsidiaries, or (iii) the Participant's willful or
                  negligent acts or omissions which are materially harmful to
                  the Company or any of its Subsidiaries, including, without
                  limitation, the Participant's unauthorized disclosure of
                  confidential information related to the business of the
                  Company or any of its Subsidiaries. Whether the Participant's
                  employment has been terminated for Cause shall be determined
                  in good faith by the Committee, and such determination shall
                  be final and binding on all persons.

      (c)   Transfer Restrictions. None of the Options may be sold, transferred,
            assigned, pledged, exchanged or otherwise encumbered or disposed of
            by the Participant, except by will or the laws of descent and
            distribution in accordance with the Plan and Section 3(b)(iii) of
            this Agreement. During the Participant's lifetime, the Options shall
            be exercisable only by the Participant.

      (d)   Notice of Exercise. Subject to Sections 3(e), 3(g) and 5 hereof, the
            Participant may exercise any or all of the Options that have vested
            pursuant to Section 3(a) and 3(b) hereof, by giving a properly
            executed written notice of exercise to the Committee or its
            designee, a form of which will be provided by the Company.

      (e)   Payment. The Participant shall pay the Option Price in full at the
            time the written notice of exercise (pursuant to Section 3(d)
            hereof) is given to the Committee. Such payment shall be in cash,
            bank certified or cashier's check or personal check (unless at the
            time of exercise the Committee in a particular case determines not
            to accept a personal check) for the Common Stock being purchased.
            The Committee may, but need not, determine in its sole discretion at
            any time before the exercise of the Options that additional forms of
            payment may be permitted in accordance with the Plan.

      (f)   Evidence of Share Issuance; Stockholder Rights. As soon as
            practicable following the exercise of an Option, a stock certificate
            or certificates evidencing the appropriate number of shares of
            Common Stock issued in connection with such exercise shall be issued
            in the Participant's name to the Participant, or an appropriate
            entry regarding the issuance of such shares shall be made for the
            Participant's account in the stock records of the Company maintained
            by its transfer agent. The Participant shall have no rights as a
            stockholder with respect to any shares of Common Stock issued or
            issuable upon exercise of an Option until such certificate(s) are
            issued or such book entry is made. No adjustment shall be made for
            dividends or distributions or other rights in respect of any share
            for which the record date is prior to the date upon which the
            Participant shall become the holder of record thereof.

      (g)   Limitation on Exercise. The Options shall not be exercisable unless
            either the Common Stock subject to the Options has been registered
            under the Securities Act of 1933, as amended, and qualified under
            applicable state "blue sky" laws in connection with the offer and
            sale thereof, or the Participant has furnished the Company with an
            investment representation satisfactory to the Company that such
            registration and qualification is not required as a result of the
            availability of an exemption from registration under such laws.

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4.    No Rights to Grants or Continued Employment. The Participant shall not
      have any claim or right to receive grants under the Plan. Nothing
      contained in this Agreement or the Plan shall confer upon the Participant
      any right to be retained in the employ of the Company or any of its
      Subsidiaries, nor limit or affect in any manner the right of the Company
      or any of its Subsidiaries to terminate the employment or adjust the
      compensation of the Participant.

5.    Taxes and Withholding. As a condition to the issuance, vesting or exercise
      of, or lapse of restrictions pertaining to, any Options pursuant to this
      Agreement, the Company may, in the discretion of the Committee, require
      the Participant to pay such sum to the Company (or any of its Subsidiaries
      or affiliates) as may be necessary to discharge the obligations of the
      Company (or any of its Subsidiaries or affiliates) with respect to any
      taxes, assessments or other governmental charges imposed on property or
      income received by the Participant pursuant to the Plan and this
      Agreement. In the discretion of the Committee, such payment may be in the
      form of cash or other property. In the discretion of the Committee, the
      Company may (a) cause any such withholding obligation to be satisfied by
      withholding shares otherwise available for delivery to the Participant
      that have a Fair Market Value on the date the tax is to be determined
      equal to the minimum statutory total tax which could be imposed on the
      transaction, or (b) deduct or withhold from any payment or distribution to
      a Participant whether or not pursuant to the Plan or this Agreement.

6.    Compliance with Law. The Company shall make reasonable efforts to comply
      with all applicable federal and state securities laws; provided, however,
      notwithstanding any other provision of this Agreement, the Company shall
      not be obligated to issue any Common Stock or other securities pursuant to
      this Agreement if the issuance thereof would result in a violation of any
      such law.

7.    Notices. All notices and other communications provided for herein shall be
      in writing and shall be delivered by hand or sent by certified or
      registered mail, return receipt requested, postage prepaid, addressed, if
      to the Participant, to his or her attention at the mailing address set
      forth at the foot of this Agreement (or to such other address as the
      Participant shall have specified to the Company in writing) and, if to the
      Company, to Wolverine Tube, Inc., 200 Clinton Avenue, Suite 1000,
      Huntsville, AL 35801, Attention: Stock Options Administrator. All such
      notices shall be conclusively deemed to be received and shall be
      effective, if sent by hand delivery, upon receipt, or if sent by
      registered or certified mail, on the fifth day after the day on which such
      notice was mailed.

8.    Waiver. The waiver by either party of compliance with any provision of
      this Agreement by the other party shall not operate or be construed as a
      waiver of any other provision of this Agreement, or of any subsequent
      breach by such party of a provision of this Agreement.

9.    Severability. In the event that one or more of the provisions of this
      Agreement shall be invalidated for any reason by a court of competent
      jurisdiction, any provision so invalidated shall be deemed to be separable
      from the other provisions hereof, and the remaining provisions hereof
      shall continue to be valid and fully enforceable.

10.   Headings. The headings of sections and subsections herein are included
      solely for convenience of reference and shall not affect the meaning of
      any of the provisions of this Agreement.

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11.   Counterparts. This Agreement may be executed in one or more counterparts,
      each of which shall be deemed to be an original, but all such counterparts
      shall together constitute one and the same Agreement.

12.   Governing Law. This Agreement shall be governed by and construed in
      accordance with the laws of the State of Delaware.

IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by two
of its duly authorized officers and the Participant has executed this Agreement,
both as of the Grant Date.

                                       WOLVERINE TUBE, INC.

                                       By:
                                           -------------------------------------
                                           Name:  Dennis Horowitz
                                           Title: President and
                                                  Chief Executive Officer

                                       By:
                                           -------------------------------------
                                           Name:  James E. Deason
                                           Title: Executive Vice President and
                                                  Chief Financial Officer

                                       PARTICIPANT

                                       By: _____________________________________

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                                    EXHIBIT A

                [To be conformed from First Union employee form]

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                                    EXHIBIT B

                           DESIGNATION OF BENEFICIARY
                                     FOR THE
                         NON-QUALIFIED OPTION AGREEMENT
                                    UNDER THE
                              WOLVERINE TUBE, INC.
                     2003 EQUITY INCENTIVE PLAN, AS AMENDED

Note to Participants: Completion of this form is only necessary if you wish to
designate a beneficiary other than your estate. If you do not submit this form,
all rights to the Options granted under this Agreement that you hold at your
death will be transferred to your estate.

Name of Participant: EMPLOYEE

Date of Option Agreement: DATE

If my employment with the Company terminates by reason of my death, or if I die
after I have terminated my employment with the Company, but prior to the
expiration of the Options (as provided in this Agreement), then all rights to
the Options granted under this Agreement that I hold upon my death, to the
extent not previously terminated or forfeited, shall be transferred to my
primary beneficiary designated below, or to my secondary beneficiary designated
below if my primary beneficiary is unable to accept transfer, in the manner
provided for in the Plan and this Agreement.

Primary Beneficiary:   _______________________________
Relationship:          _______________________________
Address:               _______________________________
Phone:                 _______________________________

Secondary Beneficiary: _______________________________
Relationship:          _______________________________
Address:               _______________________________
Phone:                 _______________________________

_______________________________
Participant

_______________________________
Date

Receipt acknowledged on behalf of Wolverine Tube, Inc. by:

_______________________________

_______________________________
Date