THE HOUSTON EXPLORATION COMPANY AMENDED AND RESTATED 2004 LONG TERM INCENTIVE PLAN NONQUALIFIED OPTION AGREEMENT2004 Long Term Incentive Plan Nonqualified Option Agreement • August 8th, 2006 • Houston Exploration Co • Oil & gas field exploration services • Texas
This Stock Option Agreement (the “Agreement”) is made between The Houston Exploration Company, a Delaware corporation (the “Company”), and «Name»(the “Employee”). The Company considers that its interests will be served by granting Employee an option to purchase shares of common stock of the Company as an inducement for his or her continued and effective performance of services to the Company. 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 Employee has been designated as a participant in the Plan.
