Document:

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EXHIBIT 10.6

                        INCENTIVE STOCK OPTION AGREEMENT

INCENTIVE STOCK OPTION AGREEMENT made as of the 28th day of January 2003
("Company"), and ((FNAME)) ((LNAME)), an employee of the Company or one or more
of its subsidiaries (hereinafter called the "Employee").

WHEREAS, the Company desires to afford the Employee an opportunity to purchase
shares of its Common Stock, par value $0.10 per share (hereinafter called the
"Common Stock"), pursuant to the terms and provisions of the Company's 1994
Employee Stock Incentive Plan (hereinafter called the "Plan"), as hereinafter
provided.

NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth
and Employee's employment by the Company, the parties hereto agree as follows:

         THE PLAN. This Option Agreement is made pursuant to and in accordance
with the terms and provisions of the Plan. Anything in this Option Agreement to
the contrary notwithstanding, the terms and provisions of the Plan, all of which
are hereby incorporated herein by reference, shall be controlling in the event
of any inconsistency herewith.

       1.     GRANT OF OPTION. The Company hereby irrevocably grants to the
              Employee the right and option (hereinafter called the "Option"),
              to purchase all or any part of an aggregate of ((ISO)) shares of
              Common Stock (subject to adjustment as provided in Paragraph 8
              hereof), on the terms and conditions hereinafter set forth.

       2.     PURCHASE PRICE. The purchase price of the shares of Common Stock
              covered by the Option shall be $ 9.49 per share, which amount is
              at least 100% of fair market value of such shares at the date
              hereof, determined in accordance with the Plan, or 110% of such
              value if Employee owns more than 10% of the voting stock of the
              Company.

       3.     VESTING. No portion of the Option shall be exercisable prior to
              January 28, 2004; beginning on such date, the Option shall become
              exercisable as follows:

                  With respect to ((ISO_04)) shares, on or after January 28,
                  2004;

                  With respect to ((ISO_05)) shares, on or after January 28,
                  2005;

                  With respect to ((ISO_06)) shares, on or after January 28,
                  2006;

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                  With respect to ((ISO_07)) shares, on or after January 28,
                  2007; and,

                  With respect to ((ISO_08)) shares, on or after January 28,
                  2008.

       4.     TERM OF OPTION. To the extent vested pursuant to Section 3, each
              portion of the Option shall remain exercisable through the period
              ending ten (10) years after the date of grant, subject to earlier
              termination as provided in Section 7 hereof.

       5.     ADMINISTRATION. Unless administration of the Plan is assumed by
              the Board of Directors of the Company, the Plan shall be
              administered by a committee of the Board of Directors of the
              Company, hereinafter referred to as the "Committee". The Committee
              is authorized and empowered to administer and interpret the Plan
              and this Option Agreement. Any interpretations of this Option
              Agreement or of the Plan made by the Committee shall be final and
              binding upon the parties hereto.

       6.     NON-TRANSFERABILITY. The Option shall not be assignable nor
              transferable except by will or by the laws of descent and
              distribution and shall not be subject to execution, attachment or
              other process. Except as set forth in the Plan, during the
              lifetime of the Employee, the Option shall be exercisable only by
              the Employee. After the death of the Employee, the Option may be
              exercised prior to its termination as set forth in Section 7(b)
              hereof. Employee hereby agrees to retain ownership of, and to
              refrain from transferring, all shares of Common Stock obtained
              upon exercise of the Option for a period of twelve months after
              the date on which such Common Stock is obtained pursuant to the
              exercise of the Option; provided, however, that such twelve month
              transfer restriction shall be rescinded and shall no longer have
              any applicability following Employee's death, Normal Retirement
              (as defined in the Plan) or permanent disability (as determined by
              the Committee in accordance with the Plan). The Company may, at
              its discretion, place a legend to such effect on the certificates
              representing the shares of Common Stock obtained upon exercise of
              the option and issue appropriate stop transfer instructions to the
              Company's transfer agent.

       7.     TERMINATION. The Option may not be exercised by the Employee
              unless he/she, at the time of the exercise, shall have been in the
              continuous employ of the Company or a subsidiary thereof, in a
              position of equivalent or greater responsibility as on the Grant
              Date, except as follows:

              (a)   If, prior to the expiration of the Option, Employee's
                    employment terminates by reason of permanent disability (as
                    determined by the Committee in accordance with the Plan),
                    Employee or his/her guardian may exercise the Option through
                    the earlier of (i) such date of expiration, or (ii) one year
                    after the date of termination of employment, to the extent
                    that the Option was exercisable at the date of termination
                    of employment.

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              (b)   If Employee dies while in the employ of the Company or a
                    subsidiary without having fully exercised the Option, the
                    Option may be exercised prior to its expiration and within
                    six (6) months of the date of death, to the extent the
                    Option was exercisable at the date of death, by the legal
                    representative of the estate or by the legatee of the
                    Employee under the Employee's will.

              (c)   If, prior to the expiration of the Option, Employee's
                    employment terminates by reason of Normal Retirement (as
                    defined in the Plan), Employee may exercise the Option
                    through the earlier of (i) such date of expiration, or (ii)
                    one day less than three months after the Retirement date, to
                    the extent the Option was exercisable at such Retirement
                    date.

              The termination of employment of an Employee for any reason shall
              not accelerate or otherwise affect the number of shares with
              respect to which the Option may be exercised.

       8.     CHANGE IN CAPITALIZATION. In general, if the Company is merged
              into or consolidated with another corporation under circumstances
              in which the Company is not the surviving corporation, or if the
              Company is liquidated, or sells or otherwise disposes of
              substantially all of its assets to another corporation (any such
              merger, consolidation, etc. being hereinafter referred to as a
              "Non-Acquiring Transaction") while the Option is outstanding under
              the Plan, after the effective date of a Non-Acquiring Transaction
              Employee shall be entitled, upon exercise of the Option, to
              receive such stock or other securities as the holders of the same
              class of stock as those shares subject to the Option shall be
              entitled to receive in such Non-Acquiring Transaction based upon
              the agreed upon conversion ratio or per share distribution.
              However, in the discretion of the Board of Directors, any
              limitations on exercisability of the Option may be waived so that
              the Option, from and after a date prior to the effective date of
              such Non-Acquiring Transaction, shall be exercisable in full.
              Furthermore, in the discretion of the Board of Directors, the
              right to exercise may be given to Employee during a 30-day period
              preceding the effective date of such Non-Acquiring Transaction. If
              the Option is not exercised within such 30-day period it may be
              canceled by the Board of Directors as of the effective date of any
              such Non-Acquiring Transaction. To the extent that the foregoing
              adjustments relate to stock or securities of the Company, such
              adjustments shall be made by the Board of Directors, whose
              determination in that respect shall be final, binding and
              conclusive. The Committee need not treat other optionees and/or
              options in the same manner as Employee and the Option are treated.
              In no case shall the Company be required to sell a fractional
              share of Common Stock, and the total adjustment as set forth above
              shall be limited accordingly.

       9.     METHOD OF EXERCISING THE OPTION. Subject to the vesting provisions
              of Section 4 hereof, the Employee may exercise the Option in full
              or in part by written notice to the Company, delivered in person
              to the Treasurer of the Company or mailed, by registered mail,
              return receipt requested, to the

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              Company's principal office at Atlanta, Georgia, attention of the
              Treasurer of the Company; provided, however, that if exercised in
              part, the Option may not be exercised for fewer than 100 shares,
              unless the remaining balance of the Option is less than 100
              shares, in which case the Option may be exercised for the
              remaining balance. The written notice shall state the Employee's
              intention to exercise the Option and the number of shares in
              respect to which it is being exercised and shall be signed by the
              Employee or a legatee or personal representative of the Employee,
              as applicable. Such notice shall be accompanied by payment of the
              full purchase price of the shares, and instructions shall be given
              as to the address to which the stock certificates shall be mailed.
              The purchase price for the shares as to which the Option shall be
              exercised from time to time shall be paid in full in cash and/or
              unrestricted shares of Common Stock already owned by the optionee
              for a period of at least six months, based, in each case, on the
              Fair Market Value (as defined in the Plan) of the shares on the
              date the Option is exercised, unless it shall be determined by the
              Committee, at any time hereafter, in its sole discretion, that
              unrestricted shares of Common Stock are not a permissible form of
              payment with respect to the Option. No shares may be purchased if
              the Employee is not at the time of exercise in the employ of the
              Company, or a subsidiary, except as provided in Section 8.

       10.    REQUIREMENT OF LAW. If any law, regulation of the Securities and
              Exchange Commission, or any regulation of any other commission or
              agency having jurisdiction shall require the Company or the
              Employee to take any action with respect to the shares of Common
              Stock acquired by the exercise of the Option, then the date upon
              which the Company shall deliver or cause to be delivered the
              certificate or certificates for the shares of Common Stock shall
              be postponed until full compliance has been made with all such
              requirements or law or regulations. Further, at or before the time
              of the delivery of the shares with respect to which exercise of
              the Option has been made, the Employee shall, if requested by the
              Company, deliver to the Company his/her written statement that
              he/she intends to hold the shares so acquired by him on exercise
              of the Option for investment and not with a view to resale or
              other distribution thereof to the public. Further, in the event
              the Company shall determine that, in compliance with the
              Securities Act of 1933, as amended, or other applicable statute or
              regulation, it is necessary to register any of the shares of
              Common Stock with respect to which an exercise of the Option has
              been made, or to qualify any such shares for exemption from any of
              the requirements of the Securities Act of 1933, as amended, or
              other applicable statute or regulations, then the Company shall
              take such action at its own expense, but not until such action has
              been completed shall the Option shares be delivered to the
              Employee.

      11.     NO EFFECT ON EMPLOYMENT. Nothing herein shall be construed to
              grant Employee the right to continued employment with the Company,
              to limit or restrict the right of the Company or any of its
              subsidiaries to terminate an Employee's employment at any time,
              with or without cause, or to increase or

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              decrease the compensation of the Employee from the rate in
              existence at the date hereof.

      12.     INCENTIVE STOCK OPTION. The Option granted hereunder has been
              designated as an "Incentive Stock Option" pursuant to Section 422
              of the Code (as defined in the Plan); provided, however, that to
              the extent that the Option fails for any reason to comply with the
              provisions of Section 422, it shall be treated as a Non-Qualified
              Stock Option (as defined in the Plan). The Company shall have no
              liability whatsoever to Employee in the event the Option fails for
              any reason to satisfy the requirements for Incentive Stock Options
              set forth in Section 422.

       13.    GOVERNING LAW. This Agreement and all awards made and actions
              taken hereunder shall be governed by and construed in accordance
              with the Delaware General Corporation Law, to the extent
              applicable, and in accordance with the laws of the State of
              Georgia in all other respects.

IN WITNESS WHEREOF, the Company has caused this Incentive Stock Option Agreement
to be duly executed by an authorized officer, and the Employee has hereunto set
his/her hand, all as of the day and year first above written.

                                      RPC, Inc.

                                      By:
                                          -------------------------------------
                                      Its:  President

                                          -------------------------------------
                                          ((FNAME)) ((LNAME))<PAGE>

EXHIBIT 10.7

                      TIME-LAPSE RESTRICTED STOCK AGREEMENT

TIME-LAPSE RESTRICTED STOCK AGREEMENT made as of the 23rd day of January, 2003,
between RPC, Inc., a Delaware corporation (hereinafter called the "Company"),
and, ((Employee Name)), an employee of the Company or one or more of its
subsidiaries (hereinafter called the "Employee").

WHEREAS, the Company desires to grant to the Employee, as an incentive for
Employee to promote the interests of the Company and its subsidiaries, shares of
its Common Stock, par value $0.10 per share (hereinafter called the "Common
Stock"), subject to certain continued employment vesting criteria, pursuant to
the terms and provisions of the Company's 1994 Employee Stock Incentive Plan
(hereinafter called the "Plan"), as hereinafter provided.

NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth
and Employee's employment by the Company, the parties hereto agree as follows:

         THE PLAN. This Agreement is made pursuant to and in accordance with the
terms and provisions of the Plan. Anything in this Agreement to the contrary
notwithstanding, the terms and provisions of the Plan, all of which are hereby
incorporated herein by reference, shall be controlling in the event of any
inconsistency herewith.

       1.     ADMINISTRATION. Unless administration of the Plan is assumed by
              the Board of Directors of the Company, the Plan shall be
              administered by a committee of the Board of Directors of the
              Company, hereinafter referred to as the "Committee". The Committee
              is authorized and empowered to administer and interpret the Plan
              and this Agreement. Any interpretations of this Agreement or of
              the Plan made by the Committee shall be final and binding upon the
              parties hereto.

       2.     GRANT OF TIME-LAPSE RESTRICTED STOCK. Effective as of January
              28,2003 (the "Grant Date"), the Company hereby irrevocably grants
              to the Employee ((Grant Amount)) shares of Common Stock, which
              shares are subject to satisfaction of the vesting requirements and
              the terms and conditions hereinafter set forth (such shares of
              Common Stock being hereinafter referred to in the aggregate as the
              "Time-Lapse Restricted Stock").

       3.     SERVICE/EMPLOYMENT. All Time-Lapse Restricted Stock shall vest
              upon that date which is the tenth (10th) anniversary of the Grant
              Date, but only if, through such date, Employee shall have been in
              the continuous employ of the Company or a subsidiary thereof, in a
              position of equivalent or greater responsibility as on the Grant
              Date. If Employee's employment with the Company terminates at any
              time prior to the vesting pursuant to this Section 4 of the
              Time-Lapse Restricted Stock issued hereunder, he or she shall
              forfeit all

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              such Time-Lapse Restricted Stock, unless the Employee's employment
              terminates due to his or her death, Normal Retirement (as defined
              in the Plan) or permanent disability (as determined by the
              Committee, in accordance with the Plan), in which case a pro rata
              portion of such unvested Time-Lapse Restricted Stock (determined
              by dividing the total number of months elapsed from the Grant Date
              to the date of death, Normal Retirement or permanent disability,
              as applicable, by 120 and multiplying the result by the aggregate
              amount of Time-Lapse Restricted Stock) shall vest immediately. The
              transfer of employment by Employee between the Company and a
              subsidiary thereof shall not be deemed a termination of employment
              under the Plan or this Agreement.

       4.     ESCROW; DIVIDENDS AND VOTING RIGHTS. Prior to the completion of
              the vesting period referenced in Section 3 above, all shares of
              Time-Lapse Restricted Stock shall be held in escrow by the Company
              for the benefit of Employee. During such period, prior to any
              forfeiture of the shares, Employee shall receive all cash
              dividends declared with respect to the shares and shall have the
              right to exercise all voting rights with respect to the shares. At
              the discretion of the Company, any share certificates so held in
              escrow shall be inscribed with a legend referencing the transfer
              restrictions contained in this Agreement and any other applicable
              transfer restrictions. Any share certificates issued pursuant to a
              stock split or as dividends with respect to the Time-Lapse
              Restricted Stock held in escrow shall also be held in escrow on
              the same terms as the Time-Lapse Restricted Stock and shall be
              released at the same time as, and subject to the same risk of
              forfeiture as, the shares with respect to which they were issued.
              Any issued Time-Lapse Restricted Stock which the Employee does not
              forfeit pursuant to Section 4 above shall be transferred to the
              Employee free of any forfeiture conditions under the Plan or this
              Agreement as soon as practicable after the service vesting
              condition under Section 4 above has been satisfied or no longer
              applies; provided, however, that if the Committee at any time
              before such transfer reasonably determines that the Employee might
              have violated any applicable criminal law, the Committee shall
              have the right to cause all of Employee's Time-Lapse Restricted
              Stock then held in escrow to be forfeited, without regard to
              whether (i) Employee has satisfied the service vesting condition
              set forth in Section 4 before the date the Committee makes such
              determination, or (ii) Employee's employment is (or might have
              been) terminated as a result of such conduct.

       5.     NON-TRANSFERABILITY. No Time-Lapse Restricted Stock granted
              pursuant to this Agreement shall be assignable or transferable,
              and such Time-Lapse Restricted Stock shall not be subject to
              execution, attachment or other process, until that date on which
              the Time-Lapse Restricted Stock vests pursuant to Section 4 above.
              The Company may, at its discretion, place a legend to such effect
              on the certificates representing the shares of Time-Lapse
              Restricted Stock and issue appropriate stop transfer instructions
              to the Company's transfer agent.

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       6.     CHANGE IN CAPITALIZATION. In general, if the Company is merged
              into or consolidated with another corporation under circumstances
              in which the Company is not the surviving corporation, or if the
              Company is liquidated, or sells or otherwise disposes of
              substantially all of its assets to another corporation (any such
              merger, consolidation, etc. being hereinafter referred to as a
              "Non-Acquiring Transaction") while the Time-Lapse Restricted Stock
              is outstanding under the Plan, after the effective date of a
              Non-Acquiring Transaction Employee shall be entitled to receive
              such stock or other securities as the holders of the same class of
              stock as the Time-Lapse Restricted Stock shall be entitled to
              receive in such Non-Acquiring Transaction based upon the agreed
              upon conversion ratio or per share distribution. However, in the
              discretion of the Board of Directors, the vesting restrictions on
              the Time-Lapse Restricted Stock may continue in full force and
              effect, subject to whatever adjustments the Board of Directors
              deems appropriate. To the extent that the foregoing adjustments
              relate to stock or securities of the Company, such adjustments
              shall be made by the Board of Directors, whose determination in
              that respect shall be final, binding and conclusive. The Committee
              need not treat other holders of Time-Lapse Restricted Stock in the
              same manner as Employee is treated.

       7.     REQUIREMENT OF LAW. If any law, regulation of the Securities and
              Exchange Commission, or any regulation of any other commission or
              agency having jurisdiction shall require the Company or the
              Employee to take any action prior to the issuance or release from
              escrow of any shares of Time-Lapse Restricted Stock, then the date
              upon which the Company shall deliver or cause to be issued or
              released from escrow the certificate or certificates for such
              shares of Time-Lapse Restricted Stock shall be postponed until
              full compliance has been made with all such requirements or law or
              regulations. Further, at or before the time of issuance of any
              shares of Time-Lapse Restricted Stock, the Employee shall, if
              requested by the Company, deliver to the Company his/her written
              statement that he/she intends to hold such shares for investment
              and not with a view to resale or other distribution thereof to the
              public. Further, in the event the Company shall determine that, in
              compliance with the Securities Act of 1933, as amended, or other
              applicable statute or regulation, it is necessary to register any
              of the shares of Time-Lapse Restricted Stock, or to qualify any
              such shares for exemption from any of the requirements of the
              Securities Act of 1933, as amended, or other applicable statute or
              regulations, then the Company shall take such action at its own
              expense, but not until such action has been completed shall the
              shares be issued in the name of the Employee.

       8.     WITHHOLDING. Employee shall have the right (absent any contrary
              action by the Committee and subject to satisfying the
              requirements, if any, of Rule 16b-3 promulgated pursuant to
              Section 16 of the Securities Exchange Act of 1934, as amended) to
              elect that the minimum tax withholding requirements applicable to
              the receipt of any award pursuant to this Agreement be satisfied
              through a reduction in the number of shares of Time-Lapse
              Restricted Stock issued or transferred to him or her, and the
              Committee shall have the right to reduce the number of shares of
              Time-Lapse Restricted Stock issued or transferred to the

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              Employee in order to satisfy such minimum applicable tax
              withholding requirements.

       9.     NO EFFECT ON EMPLOYMENT. Nothing herein shall be construed to
              grant Employee the right to continued employment with the Company
              or to limit or restrict the right of the Company or any of its
              subsidiaries to terminate an Employee's employment at any time,
              with or without cause, or to increase or decrease the compensation
              of the Employee from the rate in existence at the date hereof.

       10.    GOVERNING LAW. This Agreement and all awards made and actions
              taken hereunder shall be governed by and construed in accordance
              with the Delaware General Corporation Law, to the extent
              applicable, and in accordance with the laws of the State of
              Georgia in all other respects.

IN WITNESS WHEREOF, the Company has caused this Time-Lapse Restricted Stock
Agreement to be duly executed by an authorized officer, and the Employee has
hereunto set his/her hand, all as of the day and year first above written.

                                    RPC, Inc.

                                    By:
                                       -------------------------------------
                                    Its:  President

                                    ----------------------------------------
                                    Employee Name

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