THE HOUSTON EXPLORATION COMPANY AMENDED AND RESTATED 2004 LONG TERM INCENTIVE PLAN DIRECTOR RESTRICTED STOCK AGREEMENT2004 Long Term Incentive Plan Director Restricted Stock Agreement • August 8th, 2006 • Houston Exploration Co • Oil & gas field exploration services • Texas
This Restricted Stock Agreement (the “Agreement”) is made between The Houston Exploration Company, a Delaware corporation (the “Company”), and «Director_Name» (the “Director”). The Company considers that its interests will be served by granting Director shares of restricted common stock of the Company as an inducement for his or her continued and effective performance of services as a member of the Board of Directors of the Company (the “Board” or “Board of Directors”). The Board of Directors has adopted, and the stockholders have approved, The Houston Exploration Company Amended and Restated 2004 Long Term Incentive Plan (the “Plan”). The Director is a participant in the Plan.
