Document:

Exhibit 10.3

                             DRESSER-RAND GROUP INC.
                   GRANT NOTICE FOR 2008 STOCK INCENTIVE PLAN
                                RESTRICTED STOCK

FOR GOOD AND VALUABLE CONSIDERATION, Dresser-Rand Group Inc. (the "Company"),
hereby grants to Grantee named below the number of Common Shares (the
"Restricted Shares") specified below (the "Award"), upon the terms and subject
to the conditions set forth in this Grant Notice, the Dresser-Rand Group Inc.
2008 Stock Incentive Plan (the "Plan") and the Standard Terms and Conditions
(the "Standard Terms and Conditions") adopted under such Plan and provided to
Grantee, each as amended from time to time. Each Restricted Share is subject to
the conditions set forth in this Grant Notice, the Plan and the Standard Terms
and Conditions. This Award is granted pursuant to the Plan and is subject to and
qualified in its entirety by the Standard Terms and Conditions. The Standard
Terms and Conditions may be accessed through Grantee's personal Smith-Barney
Benefit Access account in the Plan Documents section.

------------------------------------------------ -------------------------------
Name of Grantee:
------------------------------------------------ -------------------------------
Grant Date:
------------------------------------------------ -------------------------------
Number of Restricted Shares:
------------------------------------------------ -------------------------------
Vesting Schedule/"Period of Restriction":
------------------------------------------------ -------------------------------

By accepting this Grant Notice, Grantee acknowledges that he or she has received
and read, and agrees that this Award shall be subject to, the terms of this
Grant Notice, the Plan and the Standard Terms and Conditions.

DRESSER-RAND GROUP INC.
                                          --------------------------------------
                                                       Grantee Signature
By
       ------------------------------
Title:                                    Address (please print):
       ------------------------------

                                          --------------------------------------

                                          --------------------------------------

                                          --------------------------------------

<PAGE>

                             DRESSER-RAND GROUP INC.
                        STANDARD TERMS AND CONDITIONS FOR
                                RESTRICTED STOCK

These Standard Terms and Conditions apply to any Award of restricted Common
Shares (the "Restricted Shares") granted to an employee of the Company under the
Dresser-Rand Group Inc. 2008 Stock Incentive Plan (the "Plan"), which are
evidenced by a Grant Notice or an action of the Committee that specifically
refers to these Standard Terms and Conditions.

1.    TERMS OF RESTRICTED SHARES

      Dresser-Rand Group Inc., a Delaware corporation (the "Company"), has
      granted to the Grantee named in the Grant Notice provided to said Grantee
      herewith (the "Grant Notice") an award of a number of Restricted Shares
      (the "Award") of the Company's common stock, $0.01 par value per share
      specified in the Grant Notice. The Award is the terms and subject to the
      conditions set forth in the Grant Notice, these Standard Terms and
      Conditions, and the Plan, each as amended from time to time. For purposes
      of these Standard Terms and Conditions and the Grant Notice, any reference
      to the Company shall, unless the context requires otherwise, include a
      reference to any Subsidiary, as such term is defined in the Plan.

2.    VESTING OF RESTRICTED STOCK

      The Restricted Shares are subject to forfeiture and may not be sold,
      assigned, transferred, pledged or otherwise directly or indirectly
      encumbered or disposed of (collectively, "Transferred") until the
      expiration of a "Period of Restriction" specified in the Grant Notice.
      Except as otherwise provided herein, the Period of Restriction shall
      expire on each of the dates set forth in the Grant Notice as long as the
      Grantee remains an employee of the Company or other service provider to
      the Company on the applicable vesting date.

      Notwithstanding anything contained in these Standard Terms and Conditions
      to the contrary, (i) if the Grantee's employment terminates by reason of
      death or Disability during the Period of Restriction, a pro rata portion
      of the Restricted Shares shall become nonforfeitable, and unless otherwise
      determined by the Committee, the remaining Restricted Shares shall be
      forfeited as of the date of such termination and (ii) if the Grantee's
      employment terminates for any reason other than death or Disability, any
      Restricted Shares held by the Grantee for which the Period of Restriction
      has not then expired shall be forfeited as of the date of such
      termination. For purposes of this Section 2, "pro-rata portion" means a
      percentage, where the numerator is the portion of the vesting period of
      the Restricted Shares that expired prior to the Grantee's termination, and
      the denominator is the number of days in such period.

<PAGE>

3.    RIGHTS AS STOCKHOLDER/LEGEND

      The Grantee shall have the right to vote the Restricted Shares, but shall
      otherwise enjoy none of the rights of a stockholder (including the right
      to receive dividends or equivalent payments) during the Period of
      Restriction.

      The Restricted Shares shall be registered in the Grantee's name on the
      Grant Date through a book entry credit in the records of the Company's
      transfer agent, but shall be recorded as restricted non-dividend paying
      shares of Common Shares until the expiration of the Period of Restriction.
      Upon the expiration of the Period of Restriction with respect to any
      Restricted Shares, the Company shall instruct its transfer agent to record
      such shares as unrestricted. In the event any stock certificates are
      issued in respect of the Restricted Shares during the Period of
      Restriction, such certificates shall bear a restrictive legend determined
      by the Committee until the expiration of the Period of Restriction with
      respect to such shares.

4.    CHANGE IN CONTROL

      Unless otherwise provided in an employment, severance or other agreement
      between the Company and the Grantee, the Committee shall determine the
      effect of a Change in Control on the Restricted Shares. Without
      limitation, the Committee may provide for the acceleration of vesting of,
      or the lapse of transfer or other similar restrictions on, any unvested
      Restricted Shares or for the assumption or substitution of Restricted
      Shares by the Grantee's employer (or the parent or an Affiliate of such
      employer) or other service recipient that engages the Grantee immediately
      following the Change in Control.

5.    RESTRICTIONS ON RESALES OF SHARES

      The Company may impose such restrictions, conditions or limitations as it
      determines appropriate as to the timing and manner of any resales by the
      Grantee or other subsequent transfers by the Grantee of any Restricted
      Shares, including without limitation (a) restrictions under an insider
      trading policy, (b) restrictions designed to delay and/or coordinate the
      timing and manner of sales by Grantee and other holders and (c)
      restrictions as to the use of a specified brokerage firm for such resales
      or other transfers.

6.    INCOME TAXES

      The Company shall not instruct the transfer agent to remove the
      restrictions applicable to any Restricted Shares at the expiration of the
      Period of Restriction unless and until the Grantee has made arrangements
      satisfactory to the Committee to satisfy applicable withholding tax
      obligations. Unless otherwise permitted by the Committee, withholding
      shall be effected by withholding Common Shares that vest on the applicable
      vesting date. The Grantee acknowledges that the Company shall have the
      right to deduct any taxes required to be withheld by law in connection wit
      the vesting of the Restricted Shares from any amounts payable by it to the
      Grantee (including, without limitation, future cash wages).

                                       3
<PAGE>

7.    NON-TRANSFERABILITY OF AWARD

      The Grantee represents and warrants that the Restricted Shares are being
      acquired by the Grantee solely for the Grantee's own account for
      investment and not with a view to or for sale in connection with any
      distribution thereof. The Grantee further understands, acknowledges and
      agrees that, except as otherwise provided in the Plan, prior to their
      vesting, the Restricted Shares may not be sold, assigned, transferred,
      pledged or otherwise directly or indirectly encumbered or disposed of
      except to the extent expressly permitted hereby and at all times in
      compliance with the U.S. Securities Act of 1933, as amended, and the rules
      and regulations of the Securities Exchange Commission thereunder, and in
      compliance with applicable state securities or "blue sky" laws and
      non-U.S. securities laws. Unless permitted by the Committee, prior to
      their vesting, the Restricted Shares may not be sold, transferred,
      pledged, assigned, or otherwise alienated or hypothecated by the Grantee
      other than by will or the laws of descent and distribution.

8.    THE PLAN AND OTHER AGREEMENTS

      In addition to these Terms and Conditions, the Award shall be subject to
      the terms of the Plan, which are incorporated into these Standard Terms
      and Conditions by this reference. Certain capitalized terms not otherwise
      defined herein are defined in the Plan. In the event of a conflict between
      the terms and conditions of these Standard Terms and Condition and the
      Plan, the Plan controls.

      Subject to the next paragraph, the Grant Notice, these Standard Terms and
      Conditions and the Plan constitute the entire understanding between the
      Grantee and the Company regarding the Award, and any prior agreements,
      commitments or negotiations concerning the Award are superseded.

      The Award (including the terms described herein) are subject to the
      provisions of the Plan and, if the Grantee is outside the U.S., there may
      be an addendum containing special terms and conditions applicable to
      grants in the Grantee's country. The grant of the Restricted Shares to any
      such Grantee is contingent upon the Grantee executing and returning any
      such addendum in the manner directed by the Company.

9.    NOT A CONTRACT FOR EMPLOYMENT.

      Nothing in the Plan, in the Grant Notice, these Standard Terms and
      Conditions or any other instrument executed pursuant to the Plan shall
      confer upon the Grantee any right to continue in the Company's employ or
      service nor limit in any way the Company's right to terminate the
      Grantee's employment or other service at any time for any reason.

10.   SEVERABILITY.

      In the event that any provision of these Standard Terms and Conditions is
      declared to be illegal, invalid or otherwise unenforceable by a court of
      competent jurisdiction, such provision shall be reformed, if possible, to
      the extent necessary to render it legal, valid and enforceable, or
      otherwise deleted, and the remainder of these Standard Terms and
      Conditions shall not be affected except to the extent necessary to reform
      or delete such illegal, invalid or unenforceable provision.

                                       4
<PAGE>

11.   HEADINGS.

      The headings preceding the text of the sections hereof are inserted solely
      for convenience of reference, and shall not constitute a part of these
      Standard Terms and Conditions, nor shall they affect its meaning,
      construction or effect.

12.   FURTHER ASSURANCES.

      Each party shall cooperate and take such action as may be reasonably
      requested by another party in order to carry out the provisions and
      purposes of these Standard Terms and Conditions.

13.   BINDING EFFECT.

      These Standard Terms and Conditions shall inure to the benefit of and be
      binding upon the parties hereto and their respective permitted heirs,
      beneficiaries, successors and assigns.

14.   ELECTRONIC DELIVERY

      By executing the Grant Notice, the Grantee hereby consents to the delivery
      of information (including, without limitation, information required to be
      delivered to the Grantee pursuant to applicable securities laws) regarding
      the Company and the Subsidiaries, the Plan, and the Restricted Shares via
      Company web site or other electronic delivery.

                                       5Exhibit 10.4

                             DRESSER-RAND GROUP INC.
                   GRANT NOTICE FOR 2008 STOCK INCENTIVE PLAN
                             RESTRICTED STOCK UNITS

FOR GOOD AND VALUABLE CONSIDERATION, Dresser-Rand Group Inc. (the "Company"),
hereby grants to Grantee named below the number of restricted stock units
specified below (the "Award"), upon the terms and subject to the conditions set
forth in this Grant Notice, the Dresser-Rand Group Inc. 2008 Stock Incentive
Plan (the "Plan") and the Standard Terms and Conditions (the "Standard Terms and
Conditions") adopted under such Plan and provided to Grantee, each as amended
from time to time. Each restricted stock unit subject to this Award represents
the right to receive on one share of the Company's Common Shares, subject to the
conditions set forth in this Grant Notice, the Plan and the Standard Terms and
Conditions. This Award is granted pursuant to the Plan and is subject to and
qualified in its entirety by the Standard Terms and Conditions. The Standard
Terms and Conditions may be accessed through Grantee's personal Smith-Barney
Benefit Access account in the Plan Documents section.

---------------------------- ---------------------------------------------------

Name of Grantee:
---------------------------- ---------------------------------------------------
Grant Date:
---------------------------- ---------------------------------------------------
Number of restricted stock
units subject to the Award:
---------------------------- ---------------------------------------------------
Vesting Schedule:
---------------------------- ---------------------------------------------------

By accepting this Grant Notice, Grantee acknowledges that he or she has received
and read, and agrees that this Award shall be subject to, the terms of this
Grant Notice, the Plan and the Standard Terms and Conditions.

DRESSER-RAND GROUP INC.
                                          --------------------------------------
                                                    Grantee Signature
By
       ------------------------------
Title:                                    Address (please print):
       ------------------------------

                                          --------------------------------------

                                          --------------------------------------

                                          --------------------------------------

<PAGE>

                             DRESSER-RAND GROUP INC.
                        STANDARD TERMS AND CONDITIONS FOR
                             RESTRICTED STOCK UNITS

These Standard Terms and Conditions apply to any Award of restricted stock units
granted to an employee or a nonemployee director of the Company under the
Dresser-Rand Group Inc. 2008 Stock Incentive Plan (the "Plan"), which are
evidenced by a Grant Notice or an action of the Committee that specifically
refers to these Standard Terms and Conditions.

1.    TERMS OF RESTRICTED STOCK UNITS

      Dresser-Rand Group Inc., a Delaware corporation (the "Company"), has
      granted to the Grantee named in the Grant Notice provided to said Grantee
      herewith (the "Grant Notice") an award of a number of restricted stock
      units (the "Award") specified in the Grant Notice. Each restricted stock
      unit represents the right to receive one share of the Company's Common
      Shares, $0.01 par value per share (the "Common Shares"), upon the terms
      and subject to the conditions set forth in the Grant Notice, these
      Standard Terms and Conditions, and the Plan, each as amended from time to
      time. For purposes of these Standard Terms and Conditions and the Grant
      Notice, any reference to the Company shall, unless the context requires
      otherwise, include a reference to any Affiliate, as such term is defined
      in the Plan.

2.    VESTING OF RESTRICTED STOCK UNITS

      The Award shall not be vested as of the Grant Date set forth in the Grant
      Notice and shall be forfeitable unless and until otherwise vested pursuant
      to the terms of the Grant Notice and these Standard Terms and Conditions.
      After the Grant Date, subject to termination or acceleration as provided
      in these Standard Terms and Conditions and the Plan, the Award shall
      become vested as described in the Grant Notice with respect to that number
      of restricted stock units as set forth in the Grant Notice.
      Notwithstanding anything contained in these Standard Terms and Conditions
      to the contrary, (i) if the Grantee's employment or other service
      terminates by reason of death or Disability before all of the Restricted
      Stock Units have vested, a pro rata portion of the Restricted Stock Units
      shall become vested, and, unless otherwise determined by the Committee,
      the remaining Restricted Stock Units shall be forfeited and canceled as of
      the date of such termination and (ii) if the Grantee's employment or other
      service terminates for any reason other than death or Disability, any then
      unvested Restricted Stock Units held by the Grantee shall be forfeited and
      canceled as of the date of such termination. For purposes of this Section
      2, "pro-rata portion" means a percentage, where the numerator is the
      portion of the vesting period of the Restricted Stock Units that expired
      prior to the Grantee's termination, and the denominator is the number of
      days in such period.

3.    SETTLEMENT OF RESTRICTED STOCK UNITS

      Vested Restricted Stock Units shall be settled by the delivery to the
      Grantee or a designated brokerage firm of one Share per vested Restricted
      Stock Unit as soon as reasonably practicable following the vesting of such
      Restricted Stock Units, and in all events no later than March 15 of the
      year following the year of vesting (unless delivery is deferred pursuant
      to a nonqualified deferred compensation plan in accordance with the
      requirements of Section 409A of the Code).

<PAGE>

4.    RIGHTS AS STOCKHOLDER

      The Grantee shall have no voting rights or the right to receive any
      dividends with respect to Common Shares underlying Restricted Stock Units
      unless and until such Common Shares are reflected as issued and
      outstanding shares on the Company's stock ledger.

5.    CHANGE IN CONTROL

      Unless otherwise provided in an employment, severance or other agreement
      between the Company and the Grantee, the Committee shall determine the
      effect of a Change in Control on the Restricted Stock Units. Without
      limitation, the Committee may provide for the acceleration of vesting of,
      or the lapse of transfer or other similar restrictions on, any unvested
      Restricted Stock Units, for a cash payment based on the Change in Control
      Price in settlement of the Restricted Stock Units, or for the assumption
      or substitution of Restricted Stock Units by the Grantee's employer (or
      the parent or an Affiliate of such employer) or other service recipient
      that engages the Grantee immediately following the Change in Control.

6.    RESTRICTIONS ON RESALES OF SHARES

      The Company may impose such restrictions, conditions or limitations as it
      determines appropriate as to the timing and manner of any resales by the
      Grantee or other subsequent transfers by the Grantee of any Common Shares
      issued in respect of vested Restricted Stock Units, including without
      limitation (a) restrictions under an insider trading policy, (b)
      restrictions designed to delay and/or coordinate the timing and manner of
      sales by Grantee and other holders and (c) restrictions as to the use of a
      specified brokerage firm for such resales or other transfers.

7.    INCOME TAXES

      The Company shall not deliver shares in respect of any Restricted Stock
      Units unless and until the Grantee has made arrangements satisfactory to
      the Committee to satisfy applicable withholding tax obligations. Unless
      otherwise permitted by the Committee, withholding shall be effected by
      withholding Common Shares issuable in connection with the delivery of the
      Restricted Stock Units. The Grantee acknowledges that the Company shall
      have the right to deduct any taxes required to be withheld by law in
      connection wit the delivery of the Restricted Stock Units from any amounts
      payable by it to the Grantee (including, without limitation, future cash
      wages).

                                       3
<PAGE>

8.    NON-TRANSFERABILITY OF AWARD

      The Grantee represents and warrants that the Restricted Stock Units are
      being acquired by the Grantee solely for the Grantee's own account for
      investment and not with a view to or for sale in connection with any
      distribution thereof. The Grantee further understands, acknowledges and
      agrees that, except as otherwise provided in the Plan, the Restricted
      Stock Units may not be sold, assigned, transferred, pledged or otherwise
      directly or indirectly encumbered or disposed of except to the extent
      expressly permitted hereby and at all times in compliance with the U.S.
      Securities Act of 1933, as amended, and the rules and regulations of the
      Securities Exchange Commission thereunder, and in compliance with
      applicable state securities or "blue sky" laws and non-U.S. securities
      laws. Unless permitted by the Committee, the Restricted Stock Units may
      not be sold, transferred, pledged, assigned, or otherwise alienated or
      hypothecated by the Grantee other than by will or the laws of descent and
      distribution.

9.    THE PLAN AND OTHER AGREEMENTS

      In addition to these Terms and Conditions, the Award shall be subject to
      the terms of the Plan, which are incorporated into these Standard Terms
      and Conditions by this reference. Certain capitalized terms not otherwise
      defined herein are defined in the Plan. In the event of a conflict between
      the terms and conditions of these Standard Terms and Condition and the
      Plan, the Plan controls.

      Subject to the next paragraph, the Grant Notice, these Standard Terms and
      Conditions and the Plan constitute the entire understanding between the
      Grantee and the Company regarding the Award, and any prior agreements,
      commitments or negotiations concerning the Award are superseded.

      The Award (including the terms described herein) are subject to the
      provisions of the Plan and, if the Grantee is outside the U.S., there may
      be an addendum containing special terms and conditions applicable to
      grants in the Grantee's country. The grant of the Restricted Stock Units
      to any such Grantee is contingent upon the Grantee executing and returning
      any such addendum in the manner directed by the Company.

10.   NOT A CONTRACT FOR EMPLOYMENT.

      Nothing in the Plan, in the Grant Notice, these Standard Terms and
      Conditions or any other instrument executed pursuant to the Plan shall
      confer upon the Grantee any right to continue in the Company's employ or
      service nor limit in any way the Company's right to terminate the
      Grantee's employment or other service at any time for any reason.

11.   SEVERABILITY.

      In the event that any provision of these Standard Terms and Conditions is
      declared to be illegal, invalid or otherwise unenforceable by a court of
      competent jurisdiction, such provision shall be reformed, if possible, to
      the extent necessary to render it legal, valid and enforceable, or
      otherwise deleted, and the remainder of these Standard Terms and
      Conditions shall not be affected except to the extent necessary to reform
      or delete such illegal, invalid or unenforceable provision.

                                       4
<PAGE>

12.   HEADINGS.

      The headings preceding the text of the sections hereof are inserted solely
      for convenience of reference, and shall not constitute a part of these
      Standard Terms and Conditions, nor shall they affect its meaning,
      construction or effect.

13.   FURTHER ASSURANCES.

      Each party shall cooperate and take such action as may be reasonably
      requested by another party in order to carry out the provisions and
      purposes of these Standard Terms and Conditions.

14.   BINDING EFFECT.

      These Standard Terms and Conditions shall inure to the benefit of and be
      binding upon the parties hereto and their respective permitted heirs,
      beneficiaries, successors and assigns.

15.   ELECTRONIC DELIVERY

      By executing the Grant Notice, the Grantee hereby consents to the delivery
      of information (including, without limitation, information required to be
      delivered to the Grantee pursuant to applicable securities laws) regarding
      the Company and the Subsidiaries, the Plan, and the Restricted Stock Units
      via Company web site or other electronic delivery.

                                       5

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