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                                                                    EXHIBIT 10.1

                           RESTRICTED STOCK AGREEMENT
                                    UNDER THE
                              WOLVERINE TUBE, INC.
                           2003 EQUITY INCENTIVE PLAN
                         (As amended as of May 19, 2005)

     RESTRICTED STOCK AGREEMENT (the "Agreement"), dated as of ____________ (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 restricted
shares of common stock of the Company, par value $0.01 per share as described on
Exhibit A hereto (the "Restricted Stock").

     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
          Restricted Stock 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 Restricted Stock. Subject to the terms, conditions and
          restrictions set forth in this Agreement and in the Plan, the Company
          hereby grants to the Participant, effective as of the Grant Date, the
          Restricted Stock specified on Exhibit A hereto. The Restricted Stock
          shall be fully paid and nonassessable and shall be represented by a
          certificate or certificates registered in the name of the Participant
          or an appropriate entry in the stock records of the Company maintained
          by its transfer agent. Any such certificate(s) registered in the name
          of the Participant and any such stock book entry account shall bear a
          legend or other appropriate designation referring to the restrictions
          hereinafter set forth.

     3.   Restrictions on Transfer of Restricted Stock. The shares of Restricted
          Stock may not be sold, transferred, assigned, pledged, exchanged or
          otherwise encumbered or disposed of by the Participant until they have
          become nonforfeitable in accordance with Section 4, except (a) to the
          Company; (b) by will or the laws of descent and distribution; (c)
          pursuant to a domestic relations order in settlement of marital
          property rights; (d) to a revocable trust under circumstances where
          the Participant is the trustee or co-trustee of such revocable trust
          and the trust beneficiaries are limited to the Participant, and in the
          event of the Participant's death, the Participant's spouse, lineal
          descendants and lineal ancestors; or (e) to or for the benefit of the
          Participant's Immediate Family (including, without limitation, to a
          trust for the benefit of the Participant's Immediate Family or to a
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          partnership or a limited liability company whose only partners or
          members are the Participant and/or the Participant's Immediate
          Family). Any such permitted transferee (other than the Company) shall
          remain subject to all the terms and conditions applicable to the
          Restricted Stock prior to such transfer. Any purported transfer,
          encumbrance or other disposition of the Restricted Stock that is in
          violation of this Section 3 shall be null and void, and the other
          party to any such purported transaction shall not obtain any rights to
          or interest in the Restricted Stock.

     4.   Vesting of Restricted Stock. (a) On each anniversary of the Grant
          Date, the number of shares of Restricted Stock equal to _______
          multiplied by the initial number of shares of Restricted Stock
          specified in this Agreement shall become nonforfeitable on a
          cumulative basis until all of the shares of Restricted Stock have
          become nonforfeitable, subject to the Participant's remaining in the
          continuous employ of the Company or one of its Subsidiaries. For
          purposes of this Agreement, the continuous employment of the
          Participant with the Company or one of its Subsidiaries shall not be
          deemed to have been interrupted, and the Participant shall not be
          deemed to have ceased to be an employee of the Company or one of its
          Subsidiaries, by reason of the transfer of the Participant's
          employment among the Company and its Subsidiaries or a leave of
          absence approved by the Board.

          (b) Notwithstanding the provisions of Section 4(a), all of the shares
          of Restricted Stock shall immediately become nonforfeitable in the
          event of (i) a Change in Control, or (ii) the Participant's
          retirement, death or permanent and total disability while in the
          employ of the Company or one of its Subsidiaries. For purposes of this
          Agreement, the term "retirement" shall mean the Participant's
          termination or resignation of continuous employment of the Participant
          with the Company or one of its Subsidiaries 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.

     5.   Forfeiture of Restricted Stock. Subject to Section 4(b), and except as
          the Board may determine on a case-by-case basis, any shares of
          Restricted Stock that have not theretofore become nonforfeitable shall
          be forfeited if the Participant ceases to be continuously employed by
          the Company or one of its Subsidiaries at any time prior to the
          applicable vesting date. In the event of a forfeiture, the
          certificate(s) or stock book entry account representing the shares of
          Restricted Stock shall be cancelled. In the event of a termination for
          cause, all shares of Restricted Stock on which the restrictions
          described in Section 3 have not lapsed shall be forfeited. For
          purposes of this Agreement, "cause" shall mean (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
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          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.

     6.   Voting and Dividend Rights. Except as otherwise provided herein, the
          Participant shall have all of the rights of a stockholder with respect
          to the shares of Restricted Stock, including the right to vote such
          shares and receive any dividends that may be paid thereon.

     7.   Retention of Stock Certificate(s) by the Company. Any certificate(s)
          representing the Restricted Stock shall be held in custody by the
          Treasurer of the Company for the account of the Participant, together
          with a stock power endorsed in blank by the Participant with respect
          thereto, until those shares have become nonforfeitable in accordance
          with Section 4. The Participant shall deliver to the attention of the
          Treasurer at the Company's home office such stock power, endorsed in
          blank, relating to any certificated Restricted Stock simultaneously
          with the execution of this Agreement or as requested hereafter. Any
          certificate(s) for shares of unrestricted stock shall be delivered to
          the Participant as soon as reasonably practicable after the period of
          forfeiture has expired without forfeiture in respect of such shares of
          Restricted Stock.

     8.   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.

     9.   Taxes and Withholding. As a condition to the issuance or vesting of,
          or lapse of restrictions pertaining to, any Restricted Stock 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.

     10.  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 restricted
          or unrestricted common stock or other securities pursuant to this
          Agreement if the issuance thereof would result in a violation of any
          such law.

     11.  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
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          this Agreement, or of any subsequent breach by such party of a
          provision of this Agreement.

     12.  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.

     13.  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.

     14.  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.

     15.  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: /s/ Dennis Horowitz
                                     -------------------------------------------
                                     Name:  Dennis Horowitz
                                     Title: Chairman, President and
                                            Chief Executive Officer

                                 By:
                                     -------------------------------------------
                                     Name:  Thomas B. Sabol
                                     Title: Chief Financial Officer, Senior Vice
                                            President and Secretary

                                 PARTICIPANT

                                 By:
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                                                                    EXHIBIT 10.2

                       NON-EMPLOYEE DIRECTOR COMPENSATION

     The Wolverine Tube, Inc. 2001 Stock Option Plan for Outside Directors (the
"Director Plan") provides for non-qualified stock option grants to non-employee
directors. Under the Director Plan, each non-employee director initially
receives a non-qualified option to purchase 5,000 shares of Common Stock upon
first becoming a director, and is granted a non-qualified option to purchase
1,000 shares of Common Stock automatically on each anniversary of such
director's election to the Board of Directors.

     The Director Plan is administered by the Administration Committee, which is
composed of the members of the Board of Directors who are not outside directors.
The Administration Committee also has the authority to grant options in lieu of
any retainers or other compensation for directors, in addition to the initial
and annual options grants discussed above.

     Options granted under the Director Plan have an exercise price on the date
of grant equal to the fair market value of the Common Stock (as defined in the
Director Plan). Options granted upon initial election to the Board of Directors
vest at the rate of 33-1/3% per year, and options granted upon the anniversary
dates of such election or any discretionary options granted vest immediately.
Director Plan options have a term of ten years unless terminated sooner due to
cessation of director status or otherwise pursuant to the Director Plan. No
option granted under the Director Plan is transferable or assignable by the
outside director other than by the laws of descent and distribution or to
certain of the director's immediate family members or family entities. A total
of 250,000 shares of Common Stock have been authorized for issuance under the
Director Plan. The Plan will expire in 2011.

     Non-employee directors receive a $30,000 cash retainer paid in semiannual
installments. Also, each non-employee director receives $1,500 for each Board of
Directors or committee meeting attended and an additional $1,500 for each such
meeting chaired, and the presiding director receives an additional $1,500 per
Board meeting attended for such service. Employee directors do not receive
additional compensation for serving on the Board of Directors.

     On May 19, 2005, the Board of Directors agreed to a $1,500 reduction in
their annual cash retainer, which is paid semi-annually, for the second half of
calendar 2005. In addition, the Board of Directors and the Administration
Committee of the Board of Directors granted to each non-employee director of the
Company a non-qualified option to purchase 5,000 shares of the Company's common
stock. This grant includes their annual automatic 1,000 option grant on the
anniversary of such director's election to the Board and a discretionary 4,000
option grant.

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