EMPLOYEE RESTRICTED STOCK AGREEMENT
THIS EMPLOYEE RESTRICTED STOCK AGREEMENT (the “ Agreement ”) is made and entered
effective the ___day of , 200___, by and between PETROHAWK ENERGY
CORPORATION, a Delaware corporation (the “ Company ”), and (the “
WHEREAS, to carry out the purposes of the Company’s SECOND AMENDED AND RESTATED 2004
EMPLOYEE INCENTIVE PLAN, as amended (the “ Plan” ), the Company desires to issue shares of the
common stock of the Company to the Employee pursuant to the terms of this Agreement and the Plan (“
Restricted Stock ”).
NOW THEREFORE , in consideration of the mutual agreements and other matters set forth herein and in
the Plan, the Company and the Employee hereby agree as follows:
1. Grant . The Company hereby grants to the Employee (___) shares of Restricted Stock (the
“ Shares ”) on the terms and conditions set forth herein and in the Plan, which Plan is incorporated herein by
2. Vesting .
(a) The legal ownership of the Shares shall vest on ___, 200___provided that the Employee has
served as an employee of the Company through and until each such vesting date.
(b) Upon the Employee’s termination as an employee of the Company, any Shares which are not vested shall
be forfeited and returned to the Company, except that:
(i) If the Employee’s service with the Company terminates by reason of Disability, legal ownership of the
Shares shall fully vest as of the date of such termination. For purposes hereof, the term Disability shall mean a
physical or mental infirmity which impairs the Employee’s ability to substantially perform his or her duties for a
period of one hundred eighty (180) consecutive days.
(ii) If the Employee dies while employed with the Company, the Shares shall fully vest on the date of death.
3. Beneficial Ownership . Unless and until the Shares are for