Document:

<PAGE>

                                                                   EXHIBIT 10.19

November 11, 1999

<<Title>> <<FirstName>> <<LastName>>
<<JobTitle>>
<<Company>>
<<City>>, <<State>>

Dear <<FirstName>>:

     Cooper Cameron Corporation (the "Company") considers the establishment and
maintenance of a sound and vital management to be essential for the protection
and enhancement of the best interests of the Company and its shareholders.  The
Company recognizes that, as is the case with many publicly-held corporations,
the possibility of a "Change of Control" (as defined herein) may arise and that
such possibility, and the uncertainty and questions which it may raise among
management, may result in the departure or distraction of management personnel
to the detriment of the Company and its shareholders.  Accordingly, the board of
directors of the Company (the "Board") has determined that appropriate steps
should be taken to assure the Company of the continuation of your service and to
reinforce and encourage the attention and dedication of members of the Company's
management to their assigned duties without distraction in circumstances arising
from the possibility of a Change of Control of the Company. In particular the
Board believes it important, should the Company or its shareholders receive a
proposal for or notice of transfer of control of the Company, or consider one
itself, that you be able to assess and advise the  Company whether such transfer
would be or is in the best interests of the Company and its shareholders, and to
take such other action regarding such transfer as the Board might determine to
be appropriate without being influenced by the uncertainties of your own
situation.

     In order to induce you to remain in the employ of the Company, this letter
agreement (the "Agreement"), prepared pursuant to authority granted by the
Board, sets forth the compensation and severance benefits which the Company
agrees will be provided to you should your employment with the Company be
terminated in connection with a Change of Control under the circumstances
described below as well as certain other benefits which will be made available
to you should you be employed by the Company on the Effective Date of a Change
of Control.

     Reference is made to Annex I hereto for definitions of certain terms used
in this Agreement, and such definitions are incorporated herein by such
reference with the same effect as if set forth herein.
<PAGE>

Page 2

     1.   Termination in Connection with a Change of Control.

          (a)  If there is a termination of your employment with the Company
either by the Company without Cause or  by you for Good Reason during the period
between the Effective Date of a Change of Control and 2 years following the
Change of Control (the "Effective Period"), and if such Effective Date occurs
during the life of this Agreement, you shall be entitled to the following
benefits , whether or not this Agreement has been cancelled prior to the time of
your termination:

          (i)  all benefits conferred upon you by the Severance Package, and

          (ii) in addition, all benefits payable under the provisions either of
the Company's employee and executive Plans in which you are a participant
immediately prior to the Effective Date, or of those plans in existence at the
time of your Termination Date, whichever are more favorable to you, in
accordance with the terms and conditions of such Plans or plans, such benefits
to be paid under such Plans or plans and not under this Agreement.

          (b)  Notwithstanding the above,  you shall not be entitled to any
such benefits if your termination results from your death, disability or
retirement, unless your death, disability or retirement occurs (i) during the
Effective Period and (ii), with respect to the benefits conferred by the
Severance Package only, after either it has been decided that you will be
terminated without Cause during the Effective Period, or you have given notice
of termination for Good Reason during the Effective Period.

          (c)  You shall not be required to mitigate the amount of any payment
               provided for in this Agreement by seeking other employment, nor
               shall the amount of any payment provided for in this Agreement be
               reduced by any compensation earned by you as the result of
               employment by another employer after any Termination Date.

     2.   Procedures for Termination.

          (a)  If it is intended that your employment be terminated by you for
Good Reason you shall transmit to the Company written notice setting forth the
particulars upon which you base your determination that Good Reason exists and,
only if the stated basis therefore is capable of being cured, requesting a cure
within 10 days. Failing such a cure, a "final separation" shall then occur, and
if such stated basis is not capable of cure by the Company, "final separation"
shall occur co-extensive with delivery of the notice.  For purposes of this
Agreement, a "Termination Date" shall be deemed to have occurred upon the date
of such "final separation".

          (b) If it is intended that your employment be terminated by the
Company without Cause, a "Termination Date" shall be deemed to have occurred
upon the 30th day following the date of receipt of any notice so stating, or
upon the date specified in the notice, whichever is later.  If it is intended
that your employment be terminated by the Company for Cause, if you contest such
termination pursuant to any proceeding initiated pursuant to Section 7  hereof
within 15 days of receipt of such notice, and it is ultimately determined that
cause did not
<PAGE>

Page 3

exist, then (anything else in the Agreement to the contrary notwithstanding) a
"Termination Date" shall be deemed to have occurred upon the final resolution of
such proceeding.

     3.   LTIP Benefit Acceleration. Immediately upon any Change of Control, all
contingent compensation rights issued to you under the LTIP Plan which are then
outstanding shall become vested, exercisable, distributable and unrestricted
(any contrary provision in the LTIP Plan notwithstanding) whether or not you
continue to be employed by the Company. You shall have the right immediately
upon any written request by you to the Company, to (i) exercise all or any
portion of all your options covered (including, at your sole election, any
associated Tandem SAR) by the LTIP Plan and to have the underlying Shares issued
to you, (ii) have issued to you on a non-forfeitable basis any or all Shares
covered by Restricted Stock Awards held by you under the LTIP Plan, (iii) have
issued to you any or all Performance Shares and/or Performance Units held by you
in the LTIP Plan, (iv) exercise all or any portion of any LTIP Plan Freestanding
SAR held by you, and (v) obtain the full benefit of any other contingent
compensation rights to which you may be entitled under the LTIP Plan, in each
case as though all applicable Performance Targets had been met or achieved at
maximum levels for all Performance Periods (including those extending beyond the
Effective Date) and any and all other LTIP Plan contingencies had been satisfied
in full at the date of the Change of Control and the maximum possible benefits
thereunder had been earned at the date of the Change of Control.

     4.   Conditional Share Purchase Obligation.

          (a)  If a Change of Control occurs as a consequence of a tender offer
or exchange offer (the "Tender Offer"), the Company shall, if requested by you,
purchase from you (whether a Termination Date has occurred following the Change
of Control) for cash on any business day selected by you upon not less than ten
days' notice to the Company, which day shall not be less than ten days following
consummation of the Tender Offer nor more than three years after the Effective
Date, up to that number of Shares which shall be equal to the product of (x) the
number of Shares acquired by you upon exercise or distribution of any benefit
under the Bonus Plan or LTIP Plan prior to consummation of the Tender Offer,
multiplied by (y) the decimal equivalent of (I) the number of Shares accepted
for purchase or exchange in the Tender Offer, divided by (II) the number of
Shares timely and validly tendered pursuant to the Tender Offer. In the event
the above obligation to purchase Shares occurs by reason of a cash tender offer
or a combination cash tender offer and exchange offer, the cash price per share
to be paid to you hereunder shall be equal to the highest price paid in cash
pursuant to the Tender Offer. In the event such obligation occurs by reason of
an exchange offer, the cash price per share to be paid to you hereunder shall be
equal to the closing price, if traded on a stock exchange, or the average bid
and asked prices, if traded in the over-the-counter market, of the security of
the person so exchanged for the Shares (the "Exchange Security") on the first
day on which the Exchange Security could have been sold by you on such exchange
or in the over-the-counter market, as the case may be, in a regular broker's
transaction had your Shares been tendered and accepted, multiplied by the number
of Exchange Securities (or fraction thereof) issued in the Tender Offer for each
Company Share; and
<PAGE>

Page 4

          (b)  If a Change of Control occurs pursuant to a Tender Offer and (i)
a merger, consolidation, reorganization, sale, spin-off, or purchase of assets
under which all remaining outstanding Shares will be converted into or become
exchangeable for cash, or for securities ("Merger Security") issued or to be
issued by the Person who made the Tender Offer (or a subsidiary or affiliate of
such Person), is thereafter proposed to the Company or its shareholders, and
(ii) such merger, consolidation, reorganization or purchase of assets occurs
less than three years after the Effective Date, and (iii) the amounts of cash
into which each Share would be converted if the transaction is effected wholly
for cash, or the Merger Security Value (as defined below) if such transaction is
effected wholly for Merger Securities, or the sum of the cash and the Merger
Security Value if the Transaction is effected partly for cash and partly for
Merger Securities, as the case may be, is less than 95% of the per share price
that would have been paid by the Company for such portion of your Shares had you
exercised your option to require the Company to purchase such Shares under
Section 4(a) above, the Company shall pay you (whether or not a Termination Date
has occurred following a Change of Control), an amount in cash equal to the
difference between the aggregate price you would have received from the number
of Shares the Company would have been required to purchase from you had you
exercised such option under Section 4(a) and the amount of cash and/or the
Merger Security Value received for the same number of Shares in such merger,
consolidation, reorganization or purchase of assets. Such cash payment shall be
made to you on a business day selected by you upon no less than ten-calendar
days' notice to the Company or its Successor (as hereinafter defined). For
purposes of this Section 4(b), "Merger Security Value" shall mean the closing
price, if traded on a stock exchange, or the average bid and asked prices if
traded in the over-the-counter market, of the Merger Security on the first day
on which the Merger Security could have been sold by you on such exchange or in
the over-the-counter market, as the case may be, in a regular broker's
transaction, multiplied by the number of Merger Securities (or fraction thereof)
for which each Share was exchangeable or into which each Share was convertible.
If no public market develops for the Merger Security within 30 days from the
date of its issue, however, "Merger Security Value" shall mean the fair market
value of such Merger Security (on a per unit basis in the written opinion of a
nationally recognized investment banking firm acceptable to you) on the
effective date of the merger, consolidation, reorganization or purchase of
assets, as the case may be, multiplied by the number of Merger Securities (or
fraction thereof) for which each Share was exchangeable or into which each Share
was convertible.

     5.   Certain Rights with Respect to Options.

          (a)  In addition to any other rights or privileges held by a holder
with respect to an option covered by the LTIP Plan ("LTIP Option") (including
the provisions of Section 3 and Section 4), upon a Change of Control of the
Company, the holder shall have the right to exchange such option for a new
option ("New Option"), that shall be issued according to the following:

          (i)  the New Option shall be immediately exercisable;

          (ii) the New Option shall have a term equal to the remaining term of
the LTIP Option it replaces (and shall be exercisable through such term);
<PAGE>

Page 5

          (iii) the New Option will give the holder the right to acquire shares
of the publicly traded common equity of the Company or any successor or direct
or indirect parent of either ("Replacement Common Stock") (in the event of two
or more classes of common equity, the common equity used shall be determined by
the Compensation Committee of the Board of Directors of the Company existing
prior to a Change of Control);

          (iv)  the exercise price used for the New Option ("New Exercise
Price") for acquiring a share of Replacement Common Stock shall be determined at
the time of the Change of Control by taking (x) the higher of (1) the aggregate
value (as of the date of the Change of Control) equal to the merger or
acquisition consideration paid or payable in the Change of Control, on a per
share basis, or (2) the highest price paid for a share of Company common stock
over the New York Stock Exchange (or other primary exchange) during the 12
months prior to the Change of Control, and (y) dividing such amount into the per
share exercise price of the LTIP Option; with the result multiplied by the
Replacement Common Stock closing price on its principal stock exchange on the
day of the Change in Control, or if traded in the over-the-counter market and
not on an exchange, the last bid price in such market;

          (v)   the number of shares of Replacement Common Stock subject to the
New Option shall be the number necessary, using the New Exercise Price, to
provide an aggregate value (as of the date of the Change of Control) equal to
the higher of (x) the merger or acquisition consideration paid or payable in the
Change of Control on a per share basis, or (y) the highest price paid for a
share of Company common stock over the New York Stock Exchange (or other primary
exchange) during the 12 months prior to the Change of Control;

          (vi)  if there is no publicly traded common equity of the Company,
or any successor or any direct or indirect parent of either, then the New Option
shall be with respect to shares of the direct or indirect parent of the Company,
and if no such parent then the Company, and if the Company no longer exists,
then the successor to the Company;

          (b)   In addition to any other rights or privileges held by a holder
with respect to an option covered by the LTIP Plan (including the provisions of
Section 3 and Section 4), if a Change of Control occurs, you shall have the
right, but not the obligation, to tender, within 30 days of such a Change of
Control, any option to the Company (or any successor to the Company) and receive
in exchange therefor a lump sum cash amount equal to the Black-Scholes value of
the option, without discount for risk of forfeiture and nontransferability
determined by using the highest Black-Scholes valuation during the one-year
period prior to the Change of Control.  Any Black-Scholes valuation shall be
performed on a basis consistent with the methodology set forth on Exhibit A to
this Agreement.

     6.   Excise Tax.

          (a)   Any other provision of this Agreement to the contrary
notwithstanding, if the present value (as defined herein) of the total amount of
payments and benefits to be paid or provided to you under this Agreement which
are considered to be "parachute payments" within the meaning of Section 280G(b)
of the Internal Revenue Code of 1986, as amended (the "Code"), when added to any
other such "parachute payments" received by you from the
<PAGE>

Page 6

Company upon or after a Change of Control, whether or not under this Agreement,
is in excess of the amount you can receive without causing you to be subject to
an excise tax with respect to such amount on account of Code Section 4999, the
Company shall pay to you an additional amount (hereinafter referred to as the
"Excise Tax Premium"). The Excise Tax Premium shall be equal to the excise tax
determined under Code Sections 280G and 4999 attributable to the total amount of
payments and benefits to be paid or provided to you under this Agreement and any
other "parachute payments" received by you upon or after a Change of Control.
The Excise Tax Premium shall also include any amount attributable to excise tax
on the Excise Tax Premium. The Company shall also pay to you an additional
amount (the "Additional Amount") such that the net amount received by you, after
paying any applicable Excise Tax Premium and any federal or state income, excise
or other tax on such additional amount, shall be equal to the amount that you
would have received if such Excise Tax Premium were not applicable. You shall be
deemed to pay income taxes on the date of termination of your employment at the
highest marginal rate of income taxation in effect in your taxing jurisdiction.
The Additional Amount shall include any amount attributable to income, excise or
other tax on the Additional Amount.

          (b)   Not later than 30 days following your Termination Date as
provided herein, the independent public accountants acting as auditors for the
Company on the date of the Change of Control (or another accounting firm
designated by you) shall determine whether the sum of the present value of any
"parachute payments" payable under this Agreement and the present value of any
other "parachute payments" received by you from the Company upon or after a
Change of Control is in excess of the amount you can receive without causing you
to be subject to an excise tax with respect to such amount on account of Code
Section 4999, and shall determine the amount of any Excise Tax Premium and
Additional Amount payable to you. The Excise Tax Premium and Additional Amount
shall be paid to you as soon as practicable but in no event later than 35 days
following your Termination Date, and shall be net of any amounts required to be
withheld for taxes.

          (c)   For purposes of this Section 6C, "present value" means the value
determined in accordance with the principles of Section 1274 (b) (2) of the Code
under the rules provided in Treasury Regulations under Section 280G of the Code.

          (d)   References to Code Section 280G herein are specific references
to Section 280G as added to the Code by the Tax Reform Act of 1984 and as
amended by the Tax Reform Act of 1986. To the extent Code Section 280G is again
amended prior to the termination of this Agreement, or is replaced by a
successor statute, the provisions of this Section 6 shall be deemed modified
without further action of the parties in a manner consistent with such
amendments or successor statutes, as the case may be. In the event that Code
Section 280G or any successor statute is repealed, this Section 6 shall cease to
be effective on the effective date of such repeal. The parties recognize that
Treasury Regulations under Code Sections 280G and 4999 may affect the amount
that may be paid hereunder and agree that, upon the issuance of any such
regulations, this Agreement may be modified as in good faith may be deemed
necessary in light of the provisions of such regulations to achieve the purposes
hereof, and that consent to such modifications shall not be unreasonably
withheld.
<PAGE>

Page 7

     7.   Dispute Resolution.

          (a) This Agreement shall be governed in all respects, including as to
validity, interpretation and effect, by the internal laws of the State of Texas
without regard to choice of law principles.

          (b)   It is irrevocably agreed that if any dispute arises between us
under this Agreement: (i) exclusive jurisdiction shall be in the lowest Texas
state court of general jurisdiction sitting in Harris County, Texas, (ii) we are
each at the time present in Texas for the purpose of conferring personal
jurisdiction; (iii) any such action may be brought in such court, and any
objection that the Company or you may now or hereafter have to the venue of such
action or proceeding in any such court or that such action or proceeding was
brought in an inconvenient court is waived, and we each agree not to plead or
claim the same, (iv) service of process in any such proceeding or action may be
effected by mailing a copy thereof by registered or certified mail, return
receipt requested (or any substantially similar form of mail), postage prepaid,
to such party at the address provided in Section 11 hereof, and (v) prior to any
trial on the merits, we will submit to court supervised, non-binding mediation.

          (c)   Notwithstanding any contrary provision of Texas law, the Company
shall have the burden of proof with respect to any of the following : (i) that
Cause existed at the time any notice was given to you under Section 2 (ii) that
Good Reason did not exist at the time notice was given to the Company under
Section 2; and (iii) that a Change of Control has not occurred.

     8.   Successors; Binding Agreement.

          (a)   In the event any Successor (as defined below) does not assume
this Agreement by operation of law the Company will seek to have any Successor,
by agreement in form and substance satisfactory to you, expressly assume and
agree to perform this Agreement in the same manner and to the same extent that
the Company would be required to perform it. If there has been a Change of
Control prior to, or a Change of Control will result from, any such succession,
then failure of the Company to obtain at your request such agreement prior to or
upon the effectiveness of any such succession (unless assumption occurs as a
matter of law) shall constitute Good Reason for termination by you of your
employment and, upon delivery of a notice of termination by you to the Company,
you shall be entitled to the benefits provided for herein. "Successor" shall
mean any Person that succeeds to, or has the ability to control, the Company's
business as a whole, directly by merger, consolidation, spin-off or similar
transaction, or indirectly by purchase of the Company's Voting Securities or
acquisition of all or substantially all of the assets of the Company.

          (b)   This Agreement shall inure to the benefit of and be
enforceable by your personal and legal representatives, executors,
administrators, successors, heirs, distributees, devisees and legatees.
<PAGE>

Page 8

     9.   Fees and Expenses. The Company shall pay all legal fees and
expenses incurred by you as a result of (i) your termination following a Change
of Control (including all such fees and expenses, if any, incurred in contesting
or disputing any such termination) as well as (ii) your seeking to interpret,
obtain, assert or enforce any right or benefit conferred upon you by this
Agreement.

     10.  Notices.  Any and all notices required or permitted to be given
hereunder shall be in writing and shall be deemed to have been given when
delivered in person to the persons specified below or deposited in the United
States mail, certified or registered mail, postage prepaid and addressed as
follows:

          If to the Company:  Cooper Cameron Corporation
                              515 Post Oak Boulevard, Suite 1200
                              Houston, Texas 77027
                              Attention: Chief Executive Officer

          If to you:          <<FirstName>> <<LastName>>
                              <<homeadd>>
                              <<homecity>>, <<homest>> <<homezip>>

     Either party may change, by the giving of notice in accordance with
this Section 10, the address to which notices are thereafter to be sent.

     11.  Validity.  The invalidity or unenforceability of any provision of
this Agreement shall not affect the validity or enforceability of any other
provision of this Agreement, which shall remain in full force and effect.

     12.  Survival.  All obligations undertaken and benefits conferred
pursuant to this Agreement, shall survive any termination of your employment and
continue  until performed in full.

     13.  Miscellaneous.  No provision of this Agreement may be modified,
waived or discharged unless such modification, waiver or discharge is agreed to
in writing signed by you and the Company. No waiver by either party hereto at
any time of any breach by the other party hereto of, or of compliance with, any
condition or provision of this Agreement to be performed by such other party
shall be deemed a waiver of similar or dissimilar provisions or conditions at
the same or at any prior or subsequent time. No agreements or representations,
oral or otherwise, express or implied, with respect to the subject matter hereof
have been made by either party which are not expressly set forth in this
Agreement. The internal laws of the State of Texas shall govern the validity,
interpretation, construction and performance of this Agreement.

          14.  Duplicate Originals.  This Agreement has been executed in
duplicate originals, with one to be held by each of the parties hereto.
<PAGE>

Page 9

          If this letter correctly sets forth our understanding with respect to
the subject matter hereof, please sign and return one copy of this letter to the
Company.

                                        Sincerely,

                                        COOPER CAMERON CORPORATION

                                        BY:
                                           -----------------------------
                                             Sheldon R. Erikson
                                             Chairman, President and
                                             Chief Executive Officer

Agreed to as of the ___
day of November, 1999:

 ----------------------------------
<<FirstName>> <<LastName>>
<PAGE>

                  ANNEX I TO AGREEMENT DATED NOVEMBER 8, 1999
                                    BETWEEN
                           COOPER CAMERON CORPORATION
                                      AND
                            (FirstName) (LASTNAME)

                                 Definition of
                                 Certain Terms

     "BONUS PLAN" means for each year, the Company's Management Incentive
Compensation Plan or any other Plan adopted by the Board which provides for the
payment of additional compensation on an annual basis to senior executive
officers contingent upon the Company's results of operations for that specific
year, in either case as such Plan shall be amended or modified to, but not on or
after, any Effective Date.

     "BYLAWS" means the bylaws of the Company as in effect at the date
hereof and as the same shall be amended or otherwise modified to, but not on or
after, any Effective Date.

     "CAUSE" means (i) your conviction by a court of competent
jurisdiction, from which conviction no further appeal can be taken, of a felony-
grade crime involving moral turpitude, or (ii) your willful failure to perform
substantially your duties with the Company (other than a failure due to physical
or mental illness) which is materially and demonstrably injurious to the
Company.   No act or failure to act on your part shall be considered "willful"
unless done, or omitted to be done, by you in bad faith and without reasonable
belief that your action or omission was in, or not opposed to, the best
interests of the Company.

     "CHANGE OF CONTROL" means the earliest date at which:

     (i) any Person is or becomes the "beneficial owner" (as defined in
Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the
Company representing 20% or more of the combined voting power of the Company's
outstanding Voting Securities, other than through the purchase of Voting
Securities directly from the Company through a private placement; or

     (ii) individuals who constitute the Board on the date hereof (the
"Incumbent Board") cease for any reason to constitute at least a majority
thereof, provided that any person becoming a director subsequent to the date
hereof whose election, or nomination for election by the Company's shareholders,
was approved by a vote of at least two-thirds of the directors comprising the
Incumbent Board shall from and after such election be deemed to be a member of
the Incumbent Board; or

     (iii)  the Company is merged or consolidated with another corporation
or entity and as a result of such merger or consolidation less than 60% of the
outstanding Voting Securities of the surviving or resulting corporation or
entity shall then be owned by the former stockholders of the Company; or

                                      A-1

<PAGE>

     (iv)   a tender offer or exchange offer is made and consummated by a
Person other than the Company for the ownership of 20% or more of the Voting
Securities of the Company then outstanding; or

     (v)    all or substantially all of the assets of the Company are sold or
transferred to a Person as to which (A) the Incumbent Board does not have
authority (whether by law or contract) to directly control the use or further
disposition of such assets and (B) the financial results of the Company and such
Person are not consolidated for financial reporting purposes.

     Anything else in this definition to the contrary notwithstanding, no
Change of Control shall be deemed to have occurred by virtue of any transaction
which results in you, or a group of Persons which includes you, acquiring more
than 20% of either the combined voting power of the Company's outstanding Voting
Securities or the Voting Securities of any other corporation or entity which
acquires all or substantially all of the assets of the Company, whether by way
of merger, consolidation, sale of such assets or otherwise.

     "DEFINED BENEFIT PLAN" means the Company's Retirement Plan and
Supplemental Excess Defined Benefit Plan, as the same shall be amended or
modified to, but not on or after, any Effective Date.

     "DEFINED CONTRIBUTION PLAN" means the Company's Retirement Savings
Plan and Supplemental Excess Defined Contribution Plan, as the same shall be
amended or modified to, but not on or after, any Effective Date.

     "DISABILITY" means your continuing full-time absence from your duties
with the Company for 180 days or longer as a result of physical or mental
incapacity.

     "EFFECTIVE DATE" means the earliest date upon which (i) any of the
events set forth under the definition of Change of Control shall have occurred,
(ii) the receipt by the Company of a Schedule 13D stating the intention of any
Person to take actions which, if accomplished, would constitute a Change of
Control, (iii) the public announcement by any Person of its intention to take
any such action, in each case without regard for any contingency or condition
which has not been satisfied on such date, (iv) the agreement by the Company to
enter into a transaction which, if consummated, would result in a Change of
Control, or (v) consideration by the Board of a transaction which, if
consummated, would result in a Change of Control.

     If, however, an Effective Date occurs but the proposed transaction to
which it relates ceases to be actively considered or it is not consummated
within 12 months of such Effective Date, the Effective Period will be deemed not
to have commenced for purposes of this Agreement.  If an Effective Date occurs
with respect to a proposed transaction which ceases to be actively considered
but for which active consideration is revived, the Effective Date with respect
to the Change of Control that ultimately occurs shall be that date when
consideration was revived and carried through to consummation.

                                      A-2

<PAGE>

     "EXCHANGE ACT" means the Securities Exchange Act of 1934, as amended,
and the rules and regulations promulgated thereunder.

     "GOOD REASON" means any of the following:

          (i) except as a result of your death or Retirement, or following the
     receipt by you of a Notice of Termination for Cause or due to Disability, a
     change in your status, title(s) or position(s) with the Company, including
     as an officer of the Company, which, in your reasonable judgment, does not
     represent a promotion, with commensurate adjustment of compensation, from
     your status, title(s) and position(s) immediately prior to the Effective
     Date; or the assignment to you of any duties or responsibilities which, in
     your reasonable judgment, are inconsistent with such status, title(s) or
     position(s); or the withdrawal from you of any duties or responsibilities
     which in your reasonable opinion are consistent with such status, title(s)
     or position(s); or any removal of you from or any failure to reappoint or
     reelect you to such position(s); or

          (ii) a reduction by the Company in your base salary in effect
     immediately prior to the Effective Date: or

          (iii)  the failure by the Company to continue in effect any Plan in
     which you were participating immediately prior to the Effective Date other
     than as a result of the normal expiration or amendment of any such Plan in
     accordance with its terms, or the taking of any action, or the failure to
     act, by the Company which would adversely affect your continued
     participation in any such Plan on at least as favorable a basis to you as
     is the case immediately prior to the Effective Date or which would
     materially reduce your benefits under any of such Plans or deprive you of
     any material benefit enjoyed by you immediately prior to the Effective
     Date, except as proposed by you to the Company; or

          (iv) the relocation of the principal place of your employment to a
     location 25 miles further from your principal residence without your
     express written consent; or

          (v) the failure by the Company upon a Change of Control to obtain the
     assumption of this Agreement by any Successor (other than by operation of
     law); or

          (vi) any refusal by the Company to continue to allow you to attend to
     matters or engage in activities not directly related to the business of the
     Company which you attended to or were engaged in immediately prior to the
     Effective Date and which do not otherwise violate your obligations
     hereunder; or

          (vii)  any continuing material default by the Company in the
     performance of its obligations under this Agreement, whether before or
     after a Change of Control.

     "LTIP PLAN" means the Company's Long-Term Incentive Plan adopted as it
may be amended, modified, or replaced, up to, but not on or after, an Effective
Date.

                                      A-3

<PAGE>

     "OTHER PLANS" means any thrift; bonus or incentive; stock option or
stock accumulation; pension; medical, disability, accident or life insurance
plan, program or policy of the Company which is intended to benefit employees of
the Company that are similarly situated to you (other than the Bonus Plan,
Defined Benefit Plan, Defined Contribution Plan, LTIP Plan or Purchase Plan).

     "PERSON" means any individual, corporation, partnership, group,
association or other "person," as such term is used in Sections 13(d) and 14(d)
of the Exchange Act, other than the Company or any Plans sponsored by the
Company.

     "PERQUISITES" means individual perquisites benefits received by you
immediately prior to the Effective Date, including, but not limited to, club
membership dues.

     "PLANS" means the Bonus Plan, Defined Benefit Plan, Defined
Contribution Plan, LTIP Plan, Purchase Plan, Compensation Deferral Plan and
Other Plans.

     "PURCHASE PLAN" means the Company's Employee Stock Purchase Plan
adopted as the same shall be amended or modified to, but not on or after, any
Effective Date.

     "RETIREMENT" means termination of your employment on the "normal
retirement date" as set forth in the Defined Benefit Plan.

     "SEVERANCE PACKAGE" means your right to receive, and the Company's
obligation to pay and/or perform on, the following:

          (a) on or within ten days following an applicable Termination Date,
     the Company shall pay to you a lump sum, cash amount equal to the sum of
     (i) three times the highest annual rate of Base Salary in effect during the
     current year or any of the three years preceding the Termination Date and
     (ii) three times the greater of (A) the maximum award you would have been
     eligible to receive under the Bonus Plan in respect of the current year,
     regardless of any limitations otherwise applicable to the Bonus Plan (i.e.,
     the failure to have completed any vesting period or the current measurement
     period, or the failure to achieve any performance goal applicable to all or
     any portion of the measurement period) or (B) the largest award earned
     (whether or not paid) under the Bonus Plan in respect of any of the three
     years preceding the Termination Date, or (C) (percent)% of your Base Pay
     at the applicable Termination Date, and (iii) three times the Black-Scholes
     value at the time of grant of the most valuable one-year option grant
     (excluding any option you received at your election in lieu of salary or
     bonus award) you had received from the Company during the five years prior
     to your Termination Date with any such Black-Scholes valuation performed on
     a basis consistent with the methodology set forth on Exhibit A to the
     Agreement; and

          (b) in addition to your entitlement to the vested portion of your
     interest
     in the Defined Contribution Plan in accordance with the terms of that plan,
     the Company shall pay to you, on or within ten days following the
     applicable Termination Date, an amount in cash equal to the unvested
     portion of the Company's contributions to your account,

                                      A-4

<PAGE>

     which unvested portion shall be valued on the same basis as the Shares
     contributed by the Company in respect of the unvested portion were valued
     at the date(s) of contribution; and

          (c)   in addition to any vested retirement benefits to which you are
     entitled on the Termination Date under the Defined Benefit Plan, the
     Company shall pay to you, on or within ten days following an applicable
     Termination Date, an amount in cash equal to the product of (i) a number
     equal to your years of life expectancy beyond age 65 determined in
     accordance with the actuarial assumptions utilized under the Defined
     Benefit Plan immediately prior to the Termination Date, times (ii) an
     amount equal to the difference between (A) the annual benefit to which you
     would have been entitled under the "single life annuity" method of
     distribution under the Defined Benefit Plan if you were fully vested
     thereunder (without regard to (I) whether you shall actually have completed
     the period of Vesting Service required to qualify for benefits under the
     Defined Benefit Plan, (II) any limitation on the amount used in the
     calculation of the annual benefit thereunder, (III) any offset thereunder
     for severance allowances payable thereunder, or (IV) any amendment to the
     Defined Benefit Plan made in connection with a Change of Control and on or
     prior to the Termination Date, which amendment adversely affects in any
     manner the computation of retirement benefits under such plan) and had
     accumulated an additional three years of Vesting Service thereunder, and
     (B) the annual benefit, if any, to which you would be entitled under the
     single life annuity method of distribution under the Defined Benefit Plan
     as of the Termination Date; and

          (d)   unless you give notice to the Company pursuant to the next
     sentence within 90 days following an applicable Termination Date, the
     Company shall maintain in full force and effect, at its sole expense for
     the continued benefit of you and your dependents during the period from the
     Termination Date through the earlier (i) three years from the Termination
     Date or (ii) the commencement date of equivalent benefits from a new
     employer, all insured and self-insured employee welfare benefit Plans and
     Perquisites in which you were entitled to participate immediately prior to
     the Termination Date. Alternatively, if you notify the Company that you so
     elect, the Company shall pay you within five days of such notification an
     amount in cash equal to three times the average annual cost incurred by the
     Company during the preceding three calendar years as a result of your
     participation in such welfare benefit Plans (or such fewer whole calendar
     years as you have so participated). If your participation in any such
     welfare benefit Plan is barred, the Company, at its sole cost and expense,
     shall arrange to have issued for the benefit of you and your dependents
     individual policies of insurance providing benefits substantially similar
     (on an after-tax basis) to those which you are entitled to receive under
     such Plans. You shall not be required to pay any premiums or other charges
     for such policies. At the end of three years after the Termination Date,
     the Company, provided you have not previously received or are not then
     receiving equivalent benefits from a new employer, shall arrange, at its
     sole cost and expense, to enable you to programs upon the same terms as
     employees of the Company may apply for such conversions.

                                      A-5

<PAGE>

     Anything else in this Agreement to the contrary notwithstanding, if (i) you
are terminated in connection with a merger, consolidation or a tender offer or
an exchange offer, (ii) you are entitled to the benefits provided for under
Section 1 hereof, and (iii) your Termination Date precedes or occurs on the date
of the closing thereof, then unless otherwise agreed to by both parties in
writing, all amounts to which you are or shall become entitled to under this
Agreement, which are calculable as of the closing date, shall be accelerated to,
and become immediately due and payable contemporaneously with such closing.

     "SHARES" means shares of Common Stock, $.01 par value, of the Company at
the date of this Agreement, as the same shall be subsequently amended, modified
or changed. The term "market value," when used with respect to a Share means the
closing price therefor on the New York Stock Exchange or if not listed thereon,
on such other exchange as shall at the tune constitute the principal exchange
for trading in Shares.

     "VOTING SECURITIES" means, with respect to any corporation or business
enterprise, those securities, which under ordinary circumstances are entitled to
vote for the election of directors or others charged with comparable duties
under applicable law.

                                      A-6<PAGE>

                                                                   EXHIBIT 10.30
                                AMENDMENT NO. 2

     This Amendment No. 2 dated as of July 21, 1999 ("Agreement") is among
Cooper Cameron Corporation, a Delaware corporation ("Borrower"); Cooper Cameron
(U.K.) Limited, a company formed under the laws of the United Kingdom, Cameron
France, S.A., a societe anonyme formed under the laws of the Republic of France,
Cameron GmbH, a Gesellschaft mit beschrankter Haftung formed under the laws of
the Federal Republic of Germany, and Cooper Cameron (Singapore) Pte. Ltd., a
private limited company formed under the laws of the Republic of Singapore (the
"Borrowing Subsidiaries"); the Lenders (as defined below) executing this
Agreement; and The First National Bank of Chicago, as agent for the Lenders
("Agent").

                                 INTRODUCTION

     A.  The Borrower, the Borrowing Subsidiaries, the Lenders, the Co-Agents
(as defined therein), and the Agent are parties to the Amended and Restated
Credit Agreement dated as of March 20, 1997 and Amendment No. 1 to the Credit
Agreement dated as of July 11, 1997 (as so amended, the "Credit Agreement").

     B.  The Borrower, the Borrowing Subsidiaries, and the Lenders have agreed
to amend the Credit Agreement to (i) revise the definition of "EBITDA", (ii) add
the Euro as an available currency under the facility, and (iii) address the Year
2000 Problem (as defined below).

     THEREFORE, the Borrower, the Borrowing Subsidiaries, the Lenders, and the
Agent hereby agree as follows:

     Section 1.  Definitions; References.  Unless otherwise defined in this
Agreement, terms used in this Agreement which are defined in the Credit
Agreement shall have the meanings assigned to such terms in the Credit
Agreement.

     Section 2.  Amendments.

     (a) Article I of the Credit Agreement is amended as follows:

          (i) the following definition is amended in its entirety to read as
     follows:

          "EBITDA" means, for any applicable computation period, (a) the
     Borrower's and Subsidiaries' Net Income (excluding non-cash,  non-
     recurring, unusual charges) on a consolidated basis for such period plus
     (b) income and franchise taxes accrued during such period plus (c) Interest
     Expense accrued during such period plus (d) amortization and depreciation
     deducted in determining Net Income for such period.

                                       1
<PAGE>

          (ii) the following new definition is added in alphabetical order with
     the existing definitions:

          "Euro" and/or "EUR" means the euro referred to in Council Regulation
     (EC) No. 1103/97 dated June 17, 1997 passed by the Council of the European
     Union, or, if different, the then lawful currency of the member states of
     the European Union that participate in the third stage of Economic and
     Monetary Union.

          (iii)  the definition of "Business Day" is amended to add the
     following passage in clause (a) after the words "carried on in the London
     interbank market":

     (and, if the Advances which are the subject of such borrowing, payment, or
     rate selection are denominated in Euros, a day upon which such clearing
     system as is determined by the Agent to be suitable for clearing or
     settlement of the Euro is open for business)

          (iv) the first sentence of the definition of "Eurocurrency Base Rate"
     is amended to replace the phrase "German marks, British pounds sterling, or
     Dollars" with the phrase "German marks, British pounds sterling, Euros, or
     Dollars".

          (v) the definition of "Restructuring Charges" is deleted in its
     entirety.

     (b) Section 2.16 of the Credit Agreement is amended to add the following
clause (c) after the existing clause (b):

          (c) If, after the making of any Advance in any currency other than
     Dollars, currency control or exchange regulations are imposed in the
     country which issues such currency with the result that the type of
     currency in which the Advance was made (the "Original Currency") no longer
     exists or the Borrower is not able to make payment to the Agent for the
     account of the Lenders in such Original Currency, then all payments to be
     made by the Borrower hereunder in such currency shall instead be made when
     due in Dollars in an amount equal to the Dollar Equivalent (as of the date
     of repayment) of such payment due, it being the intention of the parties
     hereto that the Borrower take all risks of the imposition of any such
     currency control or exchange regulations.

     (c) Clause (a) of Section 3.4 of the Credit Agreement is amended to read in
its entirety as follows:

          (a) deposits of a type, currency, and maturity appropriate to match
     fund Eurocurrency Advances are not available,

     (d) The following new Section 5.18 is added after Section 5.17 of the
Credit Agreement:

          5.18  Year 2000.  Except to the extent that a failure to do so could
     not

                                       2
<PAGE>

     reasonably be expected to cause a Material Adverse Effect, the Borrower
     has (a) completed a review and assessment of all areas within its and each
     of its Subsidiaries' business and operations (including those affected by
     suppliers, vendors, and customers) that could be adversely affected by the
     "Year 2000 Problem" (that is, the risk that computer applications used by
     the Borrowers (or suppliers or vendors) may be unable to recognize and
     perform properly date-sensitive functions involving certain dates after
     December 31, 1999), (b) developed a plan and timeline for addressing on a
     timely basis, but in any event before September 30, 1999, the Year 2000
     Problem, and (c) to date, implemented that plan substantially in accordance
     with that timetable.  Based on the foregoing, the Borrower believes that
     all computer applications (including those of its suppliers and vendors)
     that are material to its or any of its Subsidiaries' business and
     operations are reasonably expected on a timely basis, but in any event
     before September 30, 1999, to address adequately the Year 2000 Problem
     (that is, be "Year 2000 Compliant"), except to the extent that a failure to
     do so could not reasonably be expected to cause a Material Adverse Effect.

     (e) Section 6.1 of the Credit Agreement is amended to add the following new
paragraph (j) after paragraph (i):

          (j) Prompt written notice in the event the Borrower discovers or
     determines that any computer application (including those of its suppliers,
     vendors, and customers) that is material to its or any of its Subsidiaries'
     business and operations will not be Year 2000 Compliant (as defined in
     Section 5.18), except to the extent that such failure could not reasonably
     be expected to cause a Material Adverse Effect.

     (f) Schedule 2.9 to the Credit Agreement is supplemented with the
information on Schedule 2.9 to this Agreement.

     Section 3.  Representations and Warranties.  The Borrowers represent and
warrant to the Agent and the Lenders that:

     (a) the representations and warranties set forth in the Credit Agreement
are true and correct in all material respects as of the date of this Agreement,
except to the extent any such representation or warranty is stated to relate
solely to an earlier date, in which case such representation or warranty was
true and correct in all material respects as of such earlier date;

     (b) (i) the execution, delivery, and performance of this Agreement have
been duly authorized by appropriate proceedings, and (ii) this Agreement
constitutes a legal, valid, and binding obligation of the Borrowers, enforceable
in accordance with its terms, except as limited by applicable bankruptcy,
insolvency, reorganization, moratorium, or similar laws affecting the rights of
creditors generally and general principles of equity; and

     (c) as of the effectiveness of this Agreement, no Default or Event of
Default has occurred and is continuing.

                                       3
<PAGE>

     Section 4.  Effectiveness.  This Agreement shall become effective and the
Credit Agreement shall be amended as provided in this Agreement upon the
occurrence of the following conditions precedent:

     (a) the Borrowers, the Agent, and the Lenders shall have delivered duly and
validly executed originals of this Agreement to the Agent;

     (b) the representations and warranties in this Agreement shall be true and
correct in all material respects; and

     (c) the Borrower shall pay the following fees to each Lender which executes
this Agreement and delivers it to the Agent prior to 12:00 noon on July 21,
1999:

          (i)  a flat fee of $10,000 and

          (ii) .05% of such Lender's Revolving Credit Commitment.

     Section 5.  Effect on Loan Documents.

     (a) Except as amended herein, the Credit Agreement and the Loan Documents
remain in full force and effect as originally executed and amended heretofore.
Nothing herein shall act as a waiver of any of the Agent's or Lenders' rights
under the Loan Documents, as amended, including the waiver of any Default or
Unmatured Default, however denominated.

     (b) This Agreement is a Loan Document for the purposes of the provisions of
the other Loan Documents.  Without limiting the foregoing, any breach of
representations, warranties, and covenants under this Agreement may be a Default
or Unmatured Default under other Loan Documents.

     (c) The Borrower, as the Parent Guarantor, hereby reaffirms its obligations
under the Parent Guaranty and agrees that its obligations under the Parent
Guaranty are not affected by this Agreement and remain in full force.

     Section 6.  Choice of Law.  This Agreement shall be governed by and
construed and enforced in accordance with the laws of the State of New York.

     Section 7.  Counterparts.  This Agreement may be signed in any number of
counterparts, each of which shall be an original.

     EXECUTED as of the date first above written.

                                       4
<PAGE>

                                    COOPER CAMERON CORPORATION

                                    By:
                                       -----------------------------------
                                         Daniel P. Keenan
                                         Vice President & Treasurer

                                    COOPER CAMERON (U.K.) LIMITED
                                    CAMERON FRANCE, S.A.
                                    CAMERON GMBH
                                    COOPER CAMERON (SINGAPORE) PTE.
                                      LTD.

                                    By:
                                       -----------------------------------
                                         Daniel P. Keenan
                                         Attorney-in-fact

                                    THE FIRST NATIONAL BANK OF
                                      CHICAGO, individually and as Agent

                                    By:
                                       -----------------------------------
                                         Thomas E. Both
                                         First Vice President

                                    ABN AMRO BANK N.V., individually and as
                                    Co-Agent

                                    By:
                                       -----------------------------------
                                    Name:
                                         ---------------------------------
                                    Title:
                                          --------------------------------

                                    By:
                                       -----------------------------------
                                    Name:
                                         ---------------------------------
                                    Title:
                                          --------------------------------

                                       5
<PAGE>

                                    THE BANK OF NOVA SCOTIA, individually
                                      and as Co-Agent

                                    By:
                                       -----------------------------------
                                    Name:
                                         ---------------------------------
                                    Title:
                                          --------------------------------

                                    THE CHASE MANHATTAN BANK,
                                      individually and as Co-Agent

                                    By:
                                       -----------------------------------
                                    Name:
                                         ---------------------------------
                                    Title:
                                          --------------------------------

                                    CREDIT LYONNAIS, NEW YORK BRANCH,
                                      individually and as Co-Agent

                                    By:
                                       -----------------------------------
                                    Name:
                                         ---------------------------------
                                    Title:
                                          --------------------------------

                                    PNC BANK, NATIONAL ASSOCIATION,
                                      individually and as Co-Agent

                                    By:
                                       -----------------------------------
                                    Name:
                                         ---------------------------------
                                    Title:
                                          --------------------------------

                                    ROYAL BANK OF CANADA, individually
                                      and as Co-Agent

                                    By:
                                       -----------------------------------
                                    Name:
                                         ---------------------------------
                                    Title:
                                          --------------------------------

                                       6
<PAGE>

                                    SOCIETE GENERALE, SOUTHWEST
                                     AGENCY , individually and as Co-Agent

                                    By:
                                       -----------------------------------
                                    Name:
                                         ---------------------------------
                                    Title:
                                          --------------------------------

                                    AUSTRALIA AND NEW ZEALAND
                                    BANKING GROUP LIMITED

                                    By:
                                       -----------------------------------
                                    Name:
                                         ---------------------------------
                                    Title:
                                          --------------------------------

                                    COMMERZBANK AG, NEW YORK BRANCH

                                    By:
                                       -----------------------------------
                                    Name:
                                         ---------------------------------
                                    Title:
                                          --------------------------------

                                    By:
                                       -----------------------------------
                                    Name:
                                         ---------------------------------
                                    Title:
                                          --------------------------------

                                    NATIONAL WESTMINSTER BANK PLC

                                    By:
                                       -----------------------------------
                                    Name:
                                         ---------------------------------
                                    Title:
                                          --------------------------------

                                    By:
                                       -----------------------------------
                                    Name:
                                         ---------------------------------
                                    Title:
                                          --------------------------------

                                       7
<PAGE>

                                    BANK OF AMERICA, N.A. (successor by
                                      merger to NationsBank of Texas, N.A.),
                                      individually and as Co-Agent

                                    By:
                                       -----------------------------------
                                    Name:
                                         ---------------------------------
                                    Title:
                                          --------------------------------

                                    BANK OF AMERICA NATIONAL TRUST
                                      AND SAVINGS ASSOCIATION (formerly
                                      Bank of America Illinois), individually
                                      and as Co-Agent

                                    By:
                                       -----------------------------------
                                    Name:
                                         ---------------------------------
                                    Title:
                                          --------------------------------

                                       8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00004-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00004-of-00352.parquet"}]]