EXHIBIT 10.2 ENSERCH EXPLORATION, INC. RESTRICTED STOCK AGREEMENT TO: MR. F. S. ADDY Upon your acceptance and execution of this Agreement ("Agreement") with Enserch Exploration, Inc. (the "Company"), the Board of Directors of the Company hereby awards...Restricted Stock Agreement • November 13th, 1996 • Enserch Exploration Inc • Crude petroleum & natural gas • Texas
Upon your acceptance and execution of this Agreement ("Agreement") with Enserch Exploration, Inc. (the "Company"), the Board of Directors of the Company hereby awards to you (i) 10,000 shares of the Company's Common Stock, $1.00 par value per share ("Common Stock"), as of the date of this Agreement plus (ii) 2,500 shares of Common Stock following each quarterly period beginning October 1, 1996, in which you serve the Company as its Chairman, provided, however, that the award of 2,500 shares per quarter shall be pro rated for service as Chairman of the Company for less than a full quarter (collectively, the "Awards"). As used in this Agreement, "Company" shall include the surviving company following the merger of Enserch Exploration, Inc. into Lone Star Energy Plant Operations, Inc.
