Document:

EX-10.24

 Exhibit 10.24 
 PERFORMANCE SHARE UNIT AWARD AGREEMENT 
 This PERFORMANCE SHARE UNIT AWARD
AGREEMENT (this “Agreement”), executed by the parties on the dates indicated on the signature page, is by and between Superior Energy Services, Inc. (“Superior”) and <<Participant Name>> (the
“Participant”). 
 WHEREAS, Superior has adopted its <<Name of Plan>> (the “Plan”), to
attract, retain and motivate officers and key employees; and 
 WHEREAS, the Compensation Committee (the “Committee”)
believes that entering into this Agreement with the Participant is consistent with the purpose for which the Plan was adopted. 

NOW, THEREFORE, in consideration of the services rendered by the Participant, the mutual covenants hereinafter set forth and other good
and valuable consideration, Superior and the Participant hereby agree as follows: 
 Section 1. The Plan. The Plan,
a copy of which has been made available to the Participant, is incorporated by reference and made a part of this Agreement as if fully set forth herein. This Agreement uses a number of defined terms that are defined in the Plan or in the body of
this Agreement. These defined terms are capitalized wherever they are used. 
 Section 2. Award. 

(a) On <<Grant Date>>, Superior granted to the Participant an Other Stock Based Award consisting <<Awards
Granted>> of Performance Share Units (the “Units”), subject to the terms and conditions of this Agreement. 
 (b) Depending on the Company’s achievement of the performance goals specified in Section 2(c) during the period beginning January 1,
20             and ending December 31, 20             (the “Performance Period”), the Participant
shall be entitled to a payment equal to the value of the Units determined pursuant to Section 2(d) if, except as otherwise provided in Section 3, he remains actively employed with the Company on January 2,
20            . 
 (c) The amount paid with respect to the
Units shall be based upon the Company’s achievement of the following performance criteria as determined by the Committee: (i) return on invested capital relative to the return on invested capital of the Company’s “Peer
Group” listed on Schedule A attached hereto (“Relative ROIC”); and (ii) the Company’s total shareholder return relative to the total shareholder return of the Company’s “Peer Group” listed on
Schedule A attached hereto (“Relative TSR”) in accordance with the following matrix: 

 Relative ROIC 

 

							
	 Performance Level Compared to Peer Group
	  	Performance
Percentage(%)	 
		  	Below 25th Percentile	  	 	0	% 
	 Threshold
	  	25th Percentile	  	 	25	% 
	 Target
	  	50th Percentile	  	 	50	% 
	 Maximum
	  	75th Percentile or above	  	 	100	% 

 Relative TSR 
  

							
	 Performance Level Compared to Peer Group
	  	Performance
Percentage(%)	 
		  	Below 25th Percentile	  	 	0	% 
	 Threshold
	  	25th Percentile	  	 	25	% 
	 Target
	  	50th Percentile	  	 	50	% 
	 Maximum
	  	75th Percentile or above	  	 	100	% 

 The Committee shall adjust the performance criteria to recognize special or non-recurring situations or
circumstances with respect to the Company or any other company in the peer group for any year during the Performance Period arising from the acquisition or disposition of assets, costs associated with exit or disposal activities or material
impairments that are reported on a Form 8-K filed with the Securities and Exchange Commission. 
 (d) The
amount payable to the Participant pursuant to this Agreement shall be an amount equal to the number of Units awarded to the Participant multiplied by the product of (i) $100 and (ii) the sum of the Performance Percentages set forth above
for the level of achievement of each of the performance criteria set forth in Section 2(c). By way of example, if the Company reached the 25th percentile in Relative ROIC and the 50th percentile in Relative TSR, the sum of the Performance Percentages would be 75% and the amount payable with respect to
each Unit would be $75. If Relative ROIC reached the 75th
percentile but Relative TSR was below the 25th percentile,
the sum of the Performance Percentages would be 100% and the amount payable with respect to each Unit would be $100. Performance results between the threshold, target and maximum levels will be calculated on a pro rata basis. The maximum payout for
each Unit is $200. 
 (e) Except as provided in Section 3(b), payment of amounts due under the Units shall be made on March
        , 20            . Any amount paid in respect of the Units shall be payable in such combination of cash and Common Stock (with
the Common Stock valued at its Fair Market Value) as determined by the Committee in its sole discretion; provided, however, that no more than fifty percent (50%) of the payment may be made in Common Stock. Prior to any payments under this
Agreement, the Committee shall certify in writing, by resolution or otherwise, the amount to be paid in respect of the Units as a result of the achievement of Relative ROIC and Relative TSR. The Committee retains discretion to decrease the amount
payable to the Participant if it deems appropriate, but shall not increase the amount payable to the Participant to an amount that is higher than the amount payable under the formula described herein. 

  
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 Section 3. Early Termination; Change of Control. 

(a) In the event of the Participant’s termination of employment prior to the end of the Performance Period due to (i) any
reason other than voluntary termination by the Participant (other than as permitted under Section 3(a)(iv)) or cause as determined by the Committee in its sole discretion, (ii) death, (iii) disability (within the meaning of
Section 22(e)(3) of the Internal Revenue Code of 1986, as amended (the “Code”)), or (iv) Retirement (as hereinafter defined), the Participant shall forfeit as of the date of termination a number of Units determined by multiplying
the number of Units by a fraction, the numerator of which is the number of full months following the date of termination, death, disability or Retirement to the end of the Performance Period and the denominator of which is thirty six (36). The
Committee shall determine the number of Units forfeited and the amount to be paid to the Participant or his beneficiary in accordance with Section 2(e) based on the performance criteria for the entire Performance Period. As used herein,
“Retirement” is defined as the voluntary termination of employment at or after age 55 with at least five years of service. 
 (b) In the event of a Change of Control, the Participant shall be deemed to have achieved the maximum level for Relative ROIC and Relative TSR in accordance with the terms of the Plan. Payment shall be
made to the Participant as soon as administratively practical following the Change of Control, but in no event later than 2.5 months following the end of the year in the such Change of Control occurs. Notwithstanding the foregoing, if the Change of
Control does not qualify as a “change in control event” under Section 409A of the Code, and any regulations or guidance promulgated thereunder, then payment shall be made at the time specified in Section 2(e). 

Section 4. Forfeiture of Award. 
 (a) If (i) the Company’s financial statements are required to be restated at any time beginning on the Date of Grant and ending on the third anniversary of the end of the Performance Period, and
the Committee determines that the Participant is responsible, in whole or in part, for the restatement, or (ii) the Committee determines that the Units granted hereunder are subject to any clawback policies the Company may adopt in order to
conform to the requirements of Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act and any resulting rules issued by the SEC or national securities exchanges thereunder, then the Units shall automatically terminate and
be forfeited effective on the date on which the Committee makes such determination. If the Performance Period has ended and the Units have been settled at the time the Committee makes the determination referred to in the prior sentence, the
Participant shall pay to the Company, without interest, all cash received by the Participant in respect of the Units, and return to the Company all shares of Common Stock acquired by the Participant in respect of the Units (or other securities into
which such shares have been converted or exchanged) or, if such shares are no longer held by the Participant, the Participant shall pay to the Company, without interest, all cash, securities or other assets received by the Participant upon the sale
or transfer of such stock or securities. 
 (b) If the Participant owes any amount to the Company under Section 4(a) above,
the Participant acknowledges that the Company may, to the fullest extent permitted by applicable law, deduct such amount from any amounts the Company owes the Participant from time to time for any reason (including without limitation amounts owed to
the Participant as salary, wages, 

  
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reimbursements or other compensation, fringe benefits, retirement benefits or vacation pay). Whether or not the Company elects to make any such set-off in whole or in part, if the Company does
not recover by means of set-off the full amount the Participant owes it, the Participant hereby agrees to pay immediately the unpaid balance to the Company. 
 (c) The Participant may be released from the Participant’s obligations under Sections 4(a) and 4(b) above only if the Committee determines in its sole discretion that such action is in the best
interests of the Company. 
 Section 5. Miscellaneous. 

(a) Participant understands and acknowledges that he is one of a limited number of employees of the Company who have been selected to
receive grants of Units and that the grant is considered confidential information. Participant hereby covenants and agrees not to disclose the award of Units pursuant to this Agreement to any other person except (i) Participant’s immediate
family and legal or financial advisors who agree to maintain the confidentiality of this Agreement, (ii) as required in connection with the administration of this Agreement and the Plan as it relates to this award or under applicable law, and
(iii) to the extent the terms of this Agreement have been publicly disclosed by the Company. 
 (b) The Company shall be
entitled to require a cash payment by or on behalf of the Participant and/or to deduct from other compensation payable to the Participant any sums required by federal, state or local tax law to be withheld with respect to the award or payments in
respect of any Units or the issuance of Common Stock. Alternatively, the Participant may irrevocably elect, in such manner and at such time or times prior to any applicable tax date, as may be permitted by the Committee, to have the Company withhold
and reacquire Units or Common Stock to satisfy any withholding obligations of the Company. Any election to have Units or Common Stock so held back and reacquired shall be subject to the Committee’s approval. 

(c) The authority to manage and control the operation and administration of this Agreement shall be vested in the Committee, and the
Committee shall have all powers with respect to this Agreement as it has with respect to the Plan. Any interpretation of this Agreement by the Committee and any decision made by it with respect to this Agreement shall be final and binding on all
persons. 
 (d) Notwithstanding anything in this Agreement to the contrary, the terms of this Agreement shall be subject to the
terms of the Plan, and this Agreement is subject to all interpretations, amendments, rules and regulations promulgated by the Committee from time to time pursuant to the Plan. 
 (e) This Agreement shall be construed and interpreted to comply with Section 409A of the Internal Revenue Code of 1986, as amended. Superior reserves the right to amend this Agreement to the extent
it reasonably determines is necessary in order to preserve the intended tax consequences of the Units in light of Section 409A and any regulations or other guidance promulgated thereunder. Neither the Company nor the members of the Committee
shall be liable for any determination or action taken or made with respect to this Agreement or the Units granted thereunder. 

  
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 (f) Each notice relating to this Agreement shall be in writing and delivered in person or by
mail to Superior at its office, 601 Poydras Street, Suite 2400, New Orleans, LA 70130, to the attention of the Secretary or at such other address as Superior may specify in writing to the Participant by a notice delivered in accordance with this
Section 5(f). All notices to the Participant shall be delivered to the Participant’s address specified below or at such other address as the Participant may specify in writing to the Secretary by a notice delivered in accordance with this
Section 5(f) and Section 5(m). 
 (g) Neither this Agreement nor the rights of Participant hereunder shall be
transferable by the Participant during his life other than by will or pursuant to applicable laws of descent and distribution. No rights or privileges of the Participant in connection herewith shall be transferred, assigned, pledged or hypothecated
by Participant or by any other person in any way, whether by operation of law, or otherwise, and shall not be subject to execution, attachment, garnishment or similar process. In the event of any such occurrence, this Agreement shall automatically
be terminated and shall thereafter be null and void. 
 (h) Nothing in this Agreement shall confer upon the Participant any
right to continue in the employment of the Company, or to interfere in any way with the right of the Company to terminate the Participant’s employment relationship with the Company at any time. 

(i) This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware. 

(j) If any term or provision of this Agreement, shall at any time or to any extent be invalid, illegal or unenforceable in any respect as
written, the Participant and Superior intend for any court construing this Agreement to modify or limit such provision so as to render it valid and enforceable to the fullest extent allowed by law. Any such provision that is not susceptible of such
reformation shall be ignored so as to not affect any other term or provision hereof, and the remainder of this Agreement, or the application of such term or provision to persons or circumstances other than those as to which it is held invalid,
illegal or unenforceable, shall not be affected thereby and each term and provision of this Agreement shall be valid and enforced to the fullest extent permitted by law. 
 (k) The Plan and this Agreement contain the entire agreement between the parties with respect to the subject matter contained herein and may not be modified, except as provided herein or in the Plan or as
it may be amended from time to time by a written document signed by each of the parties hereto, including by electronic means as provided in Section 5(m). Any oral or written agreements, representations, warranties, written inducements, or
other communications with respect to the subject matter contained herein made prior to the execution of the Agreement shall be void and ineffective for all purposes. 
 (l) Superior’s obligation under the Plan and this Agreement is an unsecured and unfunded promise to pay benefits that may be earned in the future. Superior shall have no obligation to set aside,
earmark or invest any fund or money with which to pay its obligations under this Agreement. The Participant or any successor in interest shall be and remain a general creditor of Superior in the same manner as any other creditor having a general
claim for matured and unpaid compensation. 

  
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 (m) Superior may, in its sole discretion, deliver any documents related to the
Participant’s current or future participation in the Plan by electronic means or request your consent to participate in the Plan by electronic means. By accepting the terms of this Agreement, the Participant hereby consents to receive such
documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and maintained by Superior or a third party designated by Superior. 

(n) The Participant must expressly accept the terms and conditions of this Agreement by electronically accepting this Agreement in a
timely manner. If the Participant does not accept the terms of this Agreement, this award of Units is subject to cancellation. 

* * * * * * * * * * * * * 
 By clicking the “Accept” button, the Participant represents that he or she is familiar with the terms and provisions of the Plan, and hereby accepts this Agreement subject to all of the
terms and provisions thereof. The Participant has reviewed the Plan and this Agreement in their entirety and fully understands all provisions of this Agreement. The Participant agrees to accept as binding, conclusive and final all decisions or
interpretations of the Committee upon any questions arising under the Plan or this Agreement. 

  
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 Schedule A 

PEER GROUP COMPANIES 
  

					
		 	 Baker Hughes Incorporated
	 	
		 	 Basic Energy Services Inc.
	 	
		 	 Cameron International Corporation
	 	
		 	 FMC Technologies, Inc.
	 	
		 	 Halliburton Company
	 	
		 	 Helix Energy Solutions Group Inc.
	 	
		 	 Helmerich & Payne, Inc.
	 	
		 	 Key Energy Services, Inc.
	 	
		 	 Nabors Industries Ltd.
	 	
		 	 National Oilwell Varco, Inc.
	 	
		 	 Oceaneering International, Inc.
	 	
		 	 Oil States International, Inc.
	 	
		 	 Patterson-UTI Energy, Inc.
	 	
		 	 RPC, Inc.
	 	
		 	 Schlumberger Limited
	 	
		 	 Weatherford International, Ltd.
	 	

 If any peer group company’s Relative ROIC or Relative TSR shall cease to be publicly available (due
to a business combination, receivership, bankruptcy or other event) or if any such company is no longer publicly held, the Committee shall exclude that company from the peer group and, in its sole discretion, substitute another comparable company.

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 A-1EX-10.25

 Exhibit 10.25 
 STOCK OPTION AGREEMENT 
 THIS AGREEMENT, executed by the parties on the
dates indicated on the signature page, is by and between Superior Energy Services, Inc. (“Superior”), and <<Participant name>> (the “Optionee”). 

WHEREAS Optionee is a key employee of Superior or one of its subsidiaries (collectively, the “Company”) and Superior considers
it desirable and in its best interest that Optionee be given an inducement to acquire a proprietary interest in the Company and an added incentive to advance the interests of the Company by possessing an option to purchase shares of the common stock
of Superior, $.001 par value per share (the “Common Stock”), in accordance with the <<Name of Plan>> (the “Plan”). 
 NOW, THEREFORE, in consideration of the premises, it is agreed by and between the parties as follows: 
 1. 
 GRANT OF OPTION 

On <<Grant Date>> (the “Date of Grant”), Superior granted to Optionee the right, privilege and option to
purchase <<Awards Granted>> shares of Common Stock (the “Option”) at an exercise price of $             per share (the “Exercise Price”). The
Option shall be exercisable at the time specified in Article II below. The Option is a non-qualified stock option and shall not be treated as an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended (the
“Code”). 
 2. 
 TIME OF EXERCISE 
 2.1 Subject to the provisions of the Plan and the other
provisions of this Agreement, the Option shall vest in annual installments (disregarding any fractional shares) as follows: 
  

			
	 Scheduled Vesting Date
	  	Amount of Shares To Vest
	 January 15, 20        
	  	33%
	 January 15, 20        
	  	33%
	 January 15, 20        
	  	Remaining balance

 The Option shall expire and may not be exercised later than the tenth anniversary of the Date of Grant.

 2.2 Except as otherwise provided herein, upon the termination of Optionee’s employment with the Company, any portion of
the Option that has not yet become exercisable shall terminate immediately. If (a) Optionee’s employment by the Company is terminated because of death or disability (within the meaning of Section 22(e)(3) of the Code), or (b) if
there has been a Change of Control (as defined in the Plan), then any portion of the Option that has not yet vested shall become immediately exercisable on the date of such termination of employment

 
or Change of Control. If the Optionee’s employment by the Company is terminated because of (a) Optionee’s retirement on or after reaching age 55 with five years of service, or
(b) the Company’s termination of Optionee’s employment without Cause (as defined below), then, if approved by the Compensation Committee of the Board of Directors of Superior, any portion of the Option that has not yet vested shall
become immediately exercisable on the date of such termination of employment. 
 2.3 If Optionee’s employment by the
Company is terminated for Cause, the Option shall terminate in full immediately, whether or not exercisable at the time of termination of employment. “Cause” for termination of employment shall be deemed to exist upon either (a) a
final determination is made in accordance with the terms of Optionee’s employment agreement, if any, with the Company that the Optionee’s employment has been terminated for “cause” within the meaning of the employment agreement
or (b), if the Optionee is not subject to an employment agreement: (i) failure to abide by the Company’s rules and regulations governing the transaction of its business, including without limitation, its Code of Business Ethics and
Conduct; (ii) inattention to duties, or the commission of acts within employment with the Company amounting to negligence or misconduct; (iii) misappropriation of funds or property of the Company or committing any fraud against the Company
or against any other person or entity in the course of employment with the Company; (iv) misappropriation of any corporate opportunity, or otherwise obtaining personal profit from any transaction which is adverse to the interests of the Company
or to the benefits of which the Company is entitled; or (v) the commission of a felony or other crime involving moral turpitude. 
 2.4 Except as provided in Sections 2.5 and 2.6, if Optionee’s employment with the Company is terminated, the Option must be exercised, to the extent exercisable at the time of termination of
employment, within 30 days of the date on which Optionee ceases to be an employee, but in no event later than the tenth anniversary of the Date of Grant. 
 2.5 If Optionee’s employment by the Company is terminated because of (a) death, (b) disability (within the meaning of Section 22(e)(3) of the Code) or (c) retirement on or after
reaching age 55 with five years of service, the Option must be exercised, to the extent exercisable at the time of termination of employment, on or before the tenth anniversary of the Date of Grant. In the event of Optionee’s death, the Option
may, to the extent exercisable at the time of death, be exercised by his estate, or by the person to whom such right devolves from him by reason of his death. If the Optionee’s employment is terminated by the Company other than for Cause, then
the Option must be exercised, to the extent exercisable at the time of termination of employment, within five years following the date of termination of employment, but in no event later than the tenth anniversary of the Date of Grant. 

2.6 If there has been a Change of Control (as defined in the Plan) of Superior, (a) if the Option remains outstanding after the
Change of Control, either as a right to purchase Common Stock or as a right to purchase that number and class of shares of stock or other securities or property (including without limitation, cash) to which the Optionee would have been entitled if,
immediately prior to the Change of Control, the Optionee had been the record owner of the number of shares of Common Stock then covered by the Option and (b) if the Optionee’s employment is terminated by the Company other than for Cause
within a one-year period following the Change of Control, then the Option must be exercised within five years following the date of termination of employment, but in no event later than the tenth anniversary of the Date of Grant. 

  
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 3. 
 FORFEITURE OF OPTION AND OPTION GAIN 
 3.1 If (a) the Company’s
financial statements are required to be restated at any time beginning on the Date of Grant and ending on the third anniversary of the final vesting date set forth in Section 1, and the Compensation Committee of the Board of Directors of
Superior (the “Committee”) determines that the Optionee is responsible, in whole or in part, for the restatement, or (b) the Committee determines that the Option granted hereunder is subject to any clawback policies the Company may
adopt in order to conform to the requirements of Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act and any resulting rules issued by the SEC or national securities exchanges thereunder, then the Option shall
automatically terminate and be forfeited effective on the date on which the Committee makes such determination and all shares of Common Stock acquired by the Optionee pursuant to this Agreement (or other securities into which such shares have been
converted or exchanged) shall be returned to the Company or, if no longer held by the Optionee, the Optionee shall pay to the Company, without interest, all cash, securities or other assets received by the Optionee upon the sale or transfer of such
stock or securities. 
 3.2 If the Optionee owes any amount to the Company under Section 3.1 above, the Optionee
acknowledges that the Company may, to the fullest extent permitted by applicable law, deduct such amount from any amounts the Company owes the Optionee from time to time for any reason (including without limitation amounts owed to the Optionee as
salary, wages, reimbursements or other compensation, fringe benefits, retirement benefits or vacation pay). Whether or not the Company elects to make any such set-off in whole or in part, if the Company does not recover by means of set-off the full
amount the Optionee owes it, the Optionee hereby agrees to pay immediately the unpaid balance to the Company. 
 3.3 The
Optionee may be released from the Optionee’s obligations under Sections 3.1 and 3.2 above only if the Committee determines in its sole discretion that such action is in the best interests of the Company. 

4. 
 METHOD OF
EXERCISE OF OPTION 
 Optionee may exercise all or a portion of the Option by contacting Merrill Lynch, the Company’s third
party administrator, or any successor administrator, in accordance with the procedures established by the Company. Optionee shall specify the number of shares to be purchased and must pay the total exercise price of the shares, which may be
accomplished in any manner set forth in the Plan or approved by the Company. Once the Company or its delegee has received the exercise price for the shares, the appropriate officer of the Company shall cause the transfer of title of the shares
purchased to Optionee on the Company’s stock records and cause such shares to be issued in Optionee’s name or to an account in Optionee’s name with his brokerage firm. Optionee shall not have any rights as a stockholder until such
shares are issued to him. 

  
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 5. 
 NO CONTRACT OF EMPLOYMENT INTENDED 
 Nothing in this Agreement shall confer upon
Optionee any right to continue in the employ of the Company, or to interfere in any way with the right of the Company to terminate Optionee’s employment relationship with the Company at any time. 

6. 

NON-TRANSFERABILITY, BINDING EFFECT AND SUCCESSORS 
 6.1 The Option may not be transferred, assigned, pledged or hypothecated in any manner, by operation of law or otherwise, other than by will or by the laws of descent and distribution, or pursuant to a
domestic relations order, as defined in the Code, and shall not be subject to execution, attachment or similar process. This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective heirs, executors and
administrators and permitted successors. 
 6.2 If in connection with a Change of Control, the Option is assumed by a successor
to the Company, then, as used herein, “Company” shall include any successor to the Company’s business and assets that assumes and agrees to perform this Agreement. 

7. 
 INCONSISTENT
PROVISIONS 
 The Option is subject to the provisions of the Plan as in effect on the date hereof and as it may be amended. In
the event any provision of this Agreement conflicts with such a provision of the Plan, the Plan provision shall control. 
 8.

 GOVERNING LAW 
 This Agreement shall be governed and construed in accordance with the laws of the State of Delaware. 
 9. 
 ELECTRONIC DELIVERY; ACCEPTANCE OF AGREEMENT 

9.1 Superior may, in its sole discretion, deliver any documents related to the Optionee’s current or future participation in the
Plan by electronic means or request your consent to participate in the Plan by electronic means. By accepting the terms of this Agreement, the Optionee hereby consents to receive such documents by electronic delivery and agrees to participate in the
Plan through an on-line or electronic system established and maintained by Superior or a third party designated by Superior. 

9.2 The Optionee must expressly accept the terms and conditions of this Agreement by electronically accepting this Agreement in a timely
manner. If the Optionee does not accept the terms of this Agreement, this Option is subject to cancellation. 
 * * * * * * * * *
* * * * 

  
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 By clicking the “Accept” button, the Optionee represents that he or she is
familiar with the terms and provisions of the Plan, and hereby accepts this Agreement subject to all of the terms and provisions thereof. Optionee has reviewed the Plan and this Agreement in their entirety and fully understands all provisions of
this Agreement. Optionee agrees to accept as binding, conclusive and final all decisions or interpretations of the Compensation Committee of Superior’s Board of Directors upon any questions arising under the Plan or this Agreement. 

PLEASE PRINT AND KEEP A COPY FOR YOUR RECORDS 

  
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