Document:

Form of Non-qualified Stock Option Agreement

 Exhibit 10.16.0 
 NON-QUALIFIED STOCK OPTION AGREEMENT 
 (Standard Option Version as of April 2, 2007) 
 Non-Qualified Stock Option Agreement (this “Option Agreement”), dated as of
                     (the “Grant Date”), between GrafTech International Ltd. (the “Company”) and
                     (the “Participant”). 
 BACKGROUND 
 Pursuant to the GrafTech International Ltd. 2005 Equity Incentive Plan as amended through the date hereof
(the “Plan”), a copy of which has been furnished to the Participant and the terms of which are incorporated herein by reference, the Company intends to provide incentives to certain management employees of the Company and its Subsidiaries
by providing them with opportunities to purchase shares of Common Stock. 
 The Board or the Committee has determined that it would be
in the best interest of the Company and its stockholders to grant the Options to the Participant under the Plan. 
 In consideration of
the covenants contained herein and other good and valuable consideration, receipt of which is hereby acknowledged, the parties agree as follows: 
 ARTICLE I 
 DEFINITIONS 
 Unless otherwise indicated herein, whenever capitalized terms are used in this Option Agreement, they shall have the meanings set forth in (i) the written employment agreement between the Participant and the Company or a
Subsidiary or (ii) if not set forth in such an agreement or if there is no such agreement, as set forth below or, if not set forth below, as set forth in the Plan 
 “Cause” shall mean: 
 (a) gross neglect or willful and
continuing refusal by the Participant to substantially perform his or her duties or responsibilities for or owed to the Company (other than due to death, Disability or Retirement); 
 (b) breach by the Participant of his or her confidentiality obligations owed to the Company; 
 (c) willful engagement by the Participant in conduct which is demonstrably injurious to the Company (including a breach by the
Participant of his or her confidentiality, non-competition or non-solicitation obligations owed to the Company); or 
 (d) conviction or plea of nolo contendere by the Participant to a felony or a misdemeanor involving dishonesty or financial or economic wrongdoing (such as fraud, embezzlement, insider trading, bribery, theft, price fixing,
graft or corrupt payments, perjury or false certification). 

 “Disability” means a disability for purposes of the then current or most recent
UCAR Carbon Long-Term Disability Plan, regardless of whether the Participant is or would have been covered thereby. 
 “Retirement” means the Participant’s retirement from employment by the Company and its Subsidiaries (i) with the right to receive a non-actuarially reduced pension benefit under the UCAR Carbon Retirement Plan (or
a successor plan) or (ii) if not eligible to participate therein or if such Plan (or a successor plan) is not then in effect or shall have been changed in a manner which makes it materially more onerous to become eligible to receive such a
benefit than it is on the Grant Date, at any time after attaining age 62 with at least 10 years of employment with the Company and its Subsidiaries or after attaining age 65 or after attaining that age where the sum of the Participant’s age and
years of employment with the Company and its Subsidiaries equals or exceeds 85. 
 ARTICLE II 
 GRANT OF OPTIONS 
 2.1 Grant of
Options. The Participant is hereby granted Options representing the right to purchase                     
(                    ) shares of Common Stock. Such Options are Standard Options. Unless otherwise indicated herein, references herein to
“Options” means the Options granted hereby. 
 2.2 Exercise Price. The Exercise Price of the Options shall be
$             per share. 
 2.3 Grant Information. The Board
or the Committee authorized the grant of the Options on the following date:                     . 
 ARTICLE III 
 EXERCISABILITY OF OPTIONS 

Options shall vest upon the earliest to occur of the events described in Sections 3.1, 3.2 or 3.3 and shall become exercisable as described in
Section 3.4, in each case subject to the limitations set forth in Section 3.6: 
 3.1 Time Vesting. If not sooner
vested or terminated, all Options shall vest as to one-third of the Options hereby granted on each of the first three anniversaries of the Grant Date... 
 3.2 Vesting upon Change in Control. If not sooner vested or terminated, all Options shall vest upon the occurrence of a Change in Control. 
 3.3 Discretionary Vesting and Exercisability. The Committee or the Board may, in its sole discretion, accelerate the vesting, the exercisability or both of any or all Options at any time and for any
reason. 
  

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 3.4 Exercise; Restriction on Exercise. No unvested Options shall be exercisable. All vested
Options shall become exercisable at the time they first vest and shall cease to be exercisable at the time they expire as provided in Section 3.5 or Article V. 
 3.5 Effect of Termination of Employment and Other Events on Vesting; Expiration of Unvested Options. Unless otherwise determined by the Board or the Committee, unvested Options shall cease to vest
and shall expire upon the earliest to occur of (i) the time of notification of the Participant’s termination of employment by the Company or its Subsidiaries for Cause or (ii) the date of (1) the Participant’s Retirement,
death or Disability, (ii) the Participant’s termination of employment by the Company or its Subsidiaries without Cause or upon lay-off, (3) the Participant’s resignation from employment with the Company or its Subsidiaries
(including resignation due to disability), (4) expiration as provided in Article V or (5) cancellation as provided in Article VI. 
 ARTICLE IV 
 EXERCISE OF OPTIONS 
 4.1 Person Who Can Exercise. Exercisable Options may only be exercised by the Participant, except that, in the event of Disability, those Options may be exercised by the Participant’s legal guardian or legal
representative and, in the event of death, those Options may be exercised by the executor or administrator of the Participant’s estate or the Person or Persons to whom the Participant’s rights under those Options pass by will or the laws
of descent and distribution. 
 4.2 Procedure for Exercise. Exercisable Options may be exercised in whole or in part with
respect to any portion thereof that is exercisable. To exercise an exercisable Option, the Participant (or such other Person who shall be permitted to exercise that Option as set forth in Section 4.1) must complete, sign and deliver to the
Company an Exercise Notice together with payment in full of the Exercise Price multiplied by the number of shares of Common Stock with respect to which that Option is exercised. Payment of the Exercise Price shall be made in cash (including check,
bank draft or money order). The right to exercise that Option shall be subject to the satisfaction of all conditions set forth in the Exercise Notice. In lieu of paying the Exercise Price, upon the Participant’s (or such other Person’s)
request, with the Committee’s or the Board’s consent (which may or may not be given in its sole discretion), the Company shall deliver to the Participant a number of shares of Common Stock equal to (A) divided by (B) where
(A) is the excess of (i) the Fair Market Value of a share of Common Stock on the date on which the Exercise Notice is received by the Company (the “Exercise Date”) over (ii) the Exercise Price, multiplied by (iii) the
number of shares for which that Option is being exercised, and (B) is the Fair Market Value of a share of Common Stock on the Exercise Date. 
 4.3 Limited Stock Appreciation Right. In connection with any transaction which isreasonably likely to result in a Change in Control, the Company may, in its sole discretion, without a Participant’s consent, cancel
any Option (in whole or in part) and pay the Participant the excess of the (i) the Fair Market Value of a share of Common Stock on the date of the Change in Control, over (ii) the Exercise Price, multiplied by (iii) the number of
Option Shares subject to the Option which is being cancelled. 
  

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 4.4 Withholding of Taxes. The Company and its Subsidiaries shall withhold from any amounts
due and payable by the Company or any of its Subsidiaries and its Subsidiaries to the Participant (or secure payment from the Participant in lieu of withholding) the amount of any withholding or other tax due from the Company with respect to any
Option Shares issuable under this Option Agreement, and the Company may defer such issuance until such withholding or payment is made or until otherwise indemnified to its satisfaction with respect thereto. 
 ARTICLE V 
 EXPIRATION OF OPTIONS 
 5.1 Expiration. Vested and unvested Options shall expire at 5:00 p.m., Eastern
Daylight Time on [10th anniversary of grant date]. 
 5.2 Earlier Expiration. Notwithstanding Section 5.1, Options shall sooner expire as follows: 
 (a)
all unvested Options shall expire as provided in Section 3.5; 
 (b) upon the Participant’s termination of
employment by the Company or its Subsidiaries for Cause, all vested Options shall (unless otherwise determined by the Company in its sole discretion) expire immediately at the time notice of such termination is given; 
 (c) upon the Participant’s termination of employment by the Company or its Subsidiaries in connection with a lay-off, all
vested Options shall expire upon the earlier of (i) the third anniversary of the date of such termination or (ii) the expiration of the Options under Section 5.1; 
 (d) upon the Participant’s resignation from employment with the Company or its Subsidiaries (other than in connection with
death, Disability or Retirement), all vested Options shall expire upon the date of such resignation or termination; and 
 (e) upon the Participant’s termination of employment by the Company or its Subsidiaries for any reason (except that termination for each of Cause or in connection with death, Disability, Retirement or lay-off shall be governed by the
respective clause therefor set forth in this Section 5.2), all vested Options shall expire upon the date of such resignation or termination. 
 Accordingly, upon termination of employment in connection with death, Retirement or Disability, all vested Options shall expire upon the date set forth in Section 5.1 and upon termination of employment in connection with a
lay-off, all vested Options shall expire upon the earlier of the third anniversary of such termination or the date set forth in Section 5.1. 
 5.3 Cancellation. Vested and unvested Options which expire unexercised shall be treated as cancelled. 
  

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 5.4 Effective Date. For purposes hereof, the date of resignation or termination of
employment means the last date of actual employment, even if a different date is used for administrative convenience in connection with employee retirement, benefit or welfare plans. 
 ARTICLE VI 
 FORFEITURE 
 Notwithstanding anything contained herein to the contrary, if the Participant engages in Detrimental Conduct, then the Committee or the Board shall
have the right, in its sole and good faith judgment, to suspend (temporarily or permanently) the vesting, exercisability or both of any or all of the Options, extend the date (or increase the threshold) for such vesting, exercisability or both,
cancel any or all of the Options, suspend (temporarily or permanently) the transferability of any or all Options or Option Shares, require the forfeiture of any or all Option Shares then held by the Participant or his affiliates or related parties,
or take any other actions in respect of any or all of the Options, the Option Shares or this Option Agreement. “Detrimental Conduct” means activities which have been, are or would reasonably be expected to be detrimental to interests of
the Company or its Subsidiaries, as determined in the sole and good faith judgment of the Board. Such activities include unlawful conduct under securities, antitrust, tax or other laws, improper disclosure or use of confidential or proprietary
information or trade secrets, competition with or improper taking of a corporate opportunity of any business of the Company or its Subsidiaries, failure to cooperate in any investigation or legal proceeding, or misappropriation of property.

 ARTICLE VII 
 MISCELLANEOUS

 7.1 Options Not Transferable. Options may not be Transferred (other than by will or laws of descent and distribution).
Any attempt to effect a Transfer of Options that is not permitted by the Plan or this Option Agreement shall be null and void. 
 7.2
Notices. All notices to a party must be given in writing and shall be deemed to have been duly given when delivered by hand or three days after deposited in the mail, postage prepaid, or, in the case of telecopy notice, when received,
addressed as follows or to such other address of which the intended receiving party shall have been duly notified hereunder: 
  

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	 	(a)	 If to the Company, to the following address: 

 GrafTech International Ltd. 
 12900 Snow Road 
 Parma, OH 44130 
 Attn: Gary Whitaker 
 Telecopy: (216) 676-2462 
 With a copy to: 
 GrafTech International Ltd. 
 12900 Snow Road 
 Parma, OH 44130 
 Attn: James Pegram 
 Telecopy: (216) 676-2143 
  

	 	(b)	 If to the Participant, to the address or telecopy number as shown on the signature page hereto. 

 7.3 Amendment. This Option Agreement may be amended only by a writing executed by the parties which specifically states that it is amending
this Option Agreement, except that this Option Agreement may be amended by a writing executed by the Company which so states if such amendment is not adverse to the Participant or relates to ministerial, clerical or administrative matters.

 7.4 Governing Law. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of
Delaware applicable to contracts made and to be performed therein without regard to the conflicts of law principles thereof. 
 7.5
Titles. Titles are provided herein for convenience only and are not to serve as a basis for interpretation or construction of this Option Agreement. 
 IN WITNESS WHEREOF, this Option Agreement has been executed and delivered by the parties. 
  

									
	PARTICIPANT	 	 	 	GRAFTECH INTERNATIONAL LTD.
				
	 	 	 	 	By:	 	 
	Signed	 	 	 	Name:	 	 
	Home Address:	 	 	 	Title:	 	 

  

 6Form of Terms and Conditions of Sale to standard contract of sale

 Exhibit 10.24.1 
 TERMS AND CONDITIONS OF SALE 
 In these Terms and Conditions of Sale (“Terms”), “we”, “us” and
“our” mean the seller of products covered by these Terms. “You” and “your” refer to the buyer of the products. Our acceptance of your order is on the condition that only these Terms apply. Unless you first provide us
with your written objections, your acceptance of our products is deemed to be your acceptance of these Terms. Our failure to object to your different or additional terms is not a waiver of any of these Terms. Unless we agree in a signed writing, we
reject any different or additional terms. Amendments to these Terms must be in writing and signed by the parties. 
  

			
	 1.    Price. For products covered by these Terms, you agree to pay the prices stated in our quotation, accepted
purchase order, or other document signed by us. Otherwise, you agree to pay our standard prices as of the date of shipment. Shipments of within 5% of the quantity ordered shall be accepted, although you only must pay for the amount actually
received.
  
 2.    Taxes and Other Charges.
Prices do not include, and you are responsible for, taxes, excises or other governmental charges on products and any surety bond premiums or bank guarantee costs, except where the law otherwise provides.
  
 3.    Delivery, Risk of Loss, and Title. Delivery terms
are those stated in our quotation, accepted purchase order, or other document signed by us. Otherwise, delivery shall be EXW (Ex Works). Delivery terms shall be interpreted under the current INCOTERMS as published by the International Chamber of
Commerce. We agree to use our reasonable best efforts to meet the applicable delivery dates. If delivery is at our expense, we reserve the right to select the means of transportation. Legal title shall be deemed to pass and your obligation to pay
shall begin when the product is considered delivered to you under applicable delivery terms even if we pay the freight or provide insurance.
  
 4.    Inspection and Acceptance. You shall promptly inspect the products delivered. Unless you reject in writing the products or
shipments that do not conform to your order or meet applicable specifications within 30 days of your receipt of the shipment, you will be deemed to have unconditionally accepted the products. You must have a written return authorization from us to
return any products.
  
 5.    Payment. You
agree to pay the full price of the products sold as set forth in our quotation or invoice. Otherwise, payment terms are net thirty days from date of invoice.
  
 6.    Late Payment. If payment is past due, or if we reasonably believe your financial condition has become
unsatisfactory, we may in our sole discretion stop shipping to you, require cash in advance, shorten your payment terms, or cancel all orders. If your account becomes delinquent, the term of payment on all outstanding invoices to you shall
accelerate and all invoices shall become immediately due and payable. You agree to pay interest on past due invoices at the lower of the interest rate of 1.5% per month (18% per annum) or the maximum interest rate permitted by applicable law. You
agree to pay costs that we reasonably incur (including attorneys’ fees) in collecting your past due amounts
 7.    Warranty: (a) We warrant to you:
 (1)    Specifications: Each product we
make will meet our written specifications. Unless otherwise agreed in writing, product dimensions are nominal and subject to our standard tolerances. Our sole liability under this paragraph 7(a)(1) shall be, at our sole option, to repair,
replace, or refund the price paid for all unaltered products that do not meet our specifications at the time of delivery. We agree to pay shipping costs for any returned product only if we direct its return. If returned product is determined to
meet the warranty, you agree to reimburse us for all costs of shipment.
 (2)    Patent: (i) Products that we make
will be delivered free of any rightful claim of infringement of any patent in force in the country where the product is made or delivered. If we breach this patent warranty, we will, at our expense and option, (i) procure for you the right to
continue using the Product, (ii) replace it with a non-infringing product, (iii) modify it so it becomes non-infringing or (iv) refund its purchase price (less reasonable depreciation for any period of use). The preceding sentence states our entire
liability for such infringement. This warranty shall not apply to any product manufactured to your design, or
	  	 to the use of any products delivered hereunder in combination with other articles or materials or in the practice of any process.

(b)    Services. Any technical advice or assistance we provide is given without representation or warranty and is accepted at your
sole risk.
 (c)    Other Limitations: THE WARRANTIES IN THESE TERMS REPLACE AND EXCLUDE ALL IMPLIED WARRANTIES
(EXCEPT TITLE) TO THE EXTENT PERMITTED BY APPLICABLE LAW. THERE ARE NO OTHER EXPRESS WARRANTIES BY US. NO WARRANTIES BY US ARISING BY OPERATION OF LAW, COURSE OF DEALING, OR USAGE OF TRADE SHALL BE IMPLIED OR OTHERWISE CREATED AT LAW OR IN EQUITY,
INCLUDING, BUT NOT LIMITED TO, WARRANTY OF MERCHANTABILITY AND WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE. ANY AND ALL IMPLIED WARRANTIES AGAINST INFRINGEMENT OF ANY UNITED STATES OR OTHER PATENT, OR INTELLECTUAL PROPERTY ARE DISCLAIMED AND
EXCLUDED. Our warranties extend only to you and entities under common ownership with you but are not transferable to other parties.
 (d).    Limit of Our liability: The prices we charge you reflect that an allocation of risk is being made. You understand and agree that without limitations on our liability, we would have to charge higher
prices. In no event shall we be liable for indirect loss, special or consequential damages, loss arising from business interruption, loss of revenue, profits, data, or anticipated savings, or lost opportunity, whether or not caused by or resulting
from our negligence. Our maximum liability to you for any claim of any kind, including claims based on defects in products and under product liability regulations, to the extent permitted by applicable law, shall be the purchase price paid for the
product that gave rise to the claim.
  
 8.    Force Majeure. We are not liable for delays or failures in performing due to contingencies beyond our reasonable control. These include, without limitation, acts of God, weather conditions, natural
catastrophes, floods, fires, war, sabotage, accidents, labor disputes or shortages, system failures, governmental laws or actions, import or export prohibitions or limitations, and inability to obtain material, equipment or transportation upon
commercially reasonable terms. In any event, we may increase the price as a result of increases in raw material, energy, transportation or labor costs that we incur before delivery of the product that make our performance commercially impractical,
and you may then cancel the undelivered portion of your order. We may reduce the quantities shipped or postpone the time for delivery due to such contingencies. We may allocate our available products among you and other customers or for internal use
in such manner as we, in our sole discretion, deem fit.
  
 9.    Compliance with Laws: Each party agrees to comply with the applicable laws governing its activities. Any commodities, technology, technical data, or software that we provide that are exported or re-exported
from the destination of delivery shall be exported only in accordance with all applicable export laws, regulations, and directives, including as applicable export control laws (collectively, the “Export Regulations”).
  
 10.    Applicable Law and Place to Resolve Disputes:
The validity, interpretation and performance hereunder shall be governed by the laws of the jurisdiction in which we, the seller, reside. The United Nations Convention for the International Sale of Goods shall have no application to transactions
covered by these Terms. Any dispute that we cannot mutually resolve shall be subject exclusively to, and you consent to, the jurisdiction of the courts in the country in which we, the seller, reside. If any provision of our agreement is determined
to be invalid, the remaining provisions of our agreement shall remain in effect.

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