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EXHIBIT 10.4

                              ENERGY PARTNERS, LTD.

            AMENDED AND RESTATED 2000 LONG TERM STOCK INCENTIVE PLAN

                         RESTRICTED SHARE UNIT AGREEMENT

                           NUMBER OF RESTRICTED SHARE
NAME                                 UNITS                       GRANT DATE
[EMPLOYEE]                          [UNITS]                     [GRANT DATE]

This Agreement confirms the grant to you of Restricted Share Units with respect
to Common Stock of Energy Partners, Ltd. (the "Company") under the Company's
Amended and Restated 2000 Long Term Stock Incentive Plan (the "Plan"), a copy of
which has been delivered to you and is made a part hereof, upon the following
terms and conditions and the terms and conditions of the Plan. The terms used in
this Agreement shall have the same meaning as in the Plan, unless the context
requires otherwise, and except that "Restricted Share Units" shall refer only to
the restricted share units granted pursuant to this Agreement.

      1.    Restricted Share Units - Each Restricted Share Unit shall represent
            the right to receive one share of Common Stock of the Company at the
            end of the Restricted Period (as hereinafter defined) if and only if
            you vest in such Restricted Share Unit pursuant to Section 4 below.
            The Restricted Period with respect to each Restricted Share Unit is
            the period beginning on the grant date of the Restricted Share Units
            and ending on the date on which the applicable Restricted Share Unit
            becomes payable pursuant to Section 6 below or is forfeited pursuant
            to Section 5 below.

      2.    No Rights as Shareholder - During the Restricted Period, you shall
            have none of the rights of a shareholder of the Company with respect
            to the shares of Common Stock of the Company represented by the
            Restricted Share Units.

      3.    Non-transferable - You may not sell, transfer, assign, pledge, or
            otherwise encumber or dispose of any Restricted Share Units nor may
            you sell, transfer, assign, pledge, or otherwise encumber or dispose
            of any of the shares of Company Common Stock represented by the
            Restricted Share Units prior to the

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            payment of such shares to you pursuant to Section 6 below following
            the vesting of your Restricted Share Units pursuant to Section 4
            below.

      4.    Vesting - Your Restricted Share Units shall vest as follows: (i) as
            to one-third of the Restricted Share Units on ___________, (ii) as
            to an additional one-third of the Restricted Share Units on
            __________, and (iii) as to the remaining one-third of the
            Restricted Share Units on __________; provided, however, that all of
            the Restricted Share Units shall become 100% vested upon a Change of
            Control.

      5.    Termination of Employment -In the event of your termination of
            employment for any reason during the Restricted Period, all
            Restricted Share Units which have not vested pursuant to Section 4
            above shall be forfeited and the Company may take any action
            necessary to effect such forfeiture without any further notice to
            you.

      6.    Payment - If any Restricted Share Units vest pursuant to Section 4
            above, certificate(s) evidencing the shares of Company Common Stock
            represented by those Restricted Share Units shall be delivered to
            you.

      7.    No Dividend Equivalents - You shall not receive any dividend
            equivalents in respect of the Restricted Share Units to reflect any
            dividends payable on shares of Company Common Stock during the
            Restricted Period.

      8.    Unsecured Creditor Status - This grant of Restricted Share Units
            constitutes a mere promise by the Company to pay you the benefits
            described in this grant (to the extent vested). You shall have the
            status of a general unsecured creditor of the Company with respect
            to the benefits payable under this grant.

      9.    Withholding - The Company, if required, will withhold taxes on any
            income realized in connection with the Restricted Share Units or
            will take a cash payment from you for the withholding. The Company
            will permit you to elect whether to pay cash to cover the
            withholding or have shares withheld to cover the withholding.

      10.   Miscellaneous - This Agreement (a) shall be binding upon and inure
            to the benefit of any successor of the Company; (b) shall be
            governed by the laws of the State of Delaware, and any applicable
            laws of the United States; (c) may not be amended except in writing;
            and (d) this grant shall in no way affect your participation or
            benefits under any other plan or benefit program maintained or
            provided by the Company. In the event of a conflict between this
            Agreement and the Plan, the Plan shall govern.

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      11.   Compliance with Applicable Law - Notwithstanding anything herein to
            the contrary, the Company shall not be obligated to cause to be
            issued or delivered any certificates evidencing shares to be
            delivered pursuant to this grant, unless and until the Company is
            advised by its counsel that the issuance and delivery of such
            certificates is in compliance with all applicable laws and
            regulations of governmental authority. The Company shall in no event
            be obligated to register any securities pursuant to the Securities
            Act of 1933 (as now in effect or as hereafter amended) or to take
            any other action in order to cause the issuance and delivery of such
            certificates to comply with any such law or regulation.

                                      ENERGY PARTNERS, LTD.

                                      By: ______________________________________
                                      Richard A. Bachmann
                                      Chairman, President and
                                      Chief Executive Officer

Accepted:

_________________________________

Witness:

_________________________________

Date:  __________________________<PAGE>
EXHIBIT 10.5

                              ENERGY PARTNERS, LTD.

                2000 STOCK OPTION PLAN FOR NON-EMPLOYEE DIRECTORS

                              [GRANT DATE]  GRANT

   NAME              NUMBER  OF      EXERCISE PRICE          EXPIRATION
                      SHARES           PER SHARE                DATE

[DIRECTOR NAME]       4,000         [PRICE PER SHARE]     [EXPIRATION DATE]

         This Agreement confirms the award of a stock option to you by Energy
Partners, Ltd. (the "Company") under the Company's 2000 Stock Option Plan for
Non-Employee Directors (the "Plan"), to purchase 4,000 shares of the Company's
Common Stock at the exercise price of $______ per share, upon the terms and
conditions outlined below and the terms and conditions of the Plan (this
"Option). A copy of the Plan has been delivered to you and is available upon
request.

         This Option is awarded as a nonqualified stock option and is not an
incentive stock option pursuant to Section 422 of the Internal Revenue Code of
1986, as amended. The terms used in this Agreement shall have the same meaning
as in the Plan, unless the context requires otherwise.

      A summary of the terms and conditions of this Option follows:

1.    DATE OF GRANT

2.    OPTION PERIOD

      Your right to exercise this Option shall continue in effect through the
      ten (10) year anniversary date of the Date of Grant (the "Expiration
      Date"), subject to earlier termination due to your ceasing to be a
      director of the Company, as outlined in Paragraph 7 of this Agreement.

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3.    VESTING AND EXERCISE

      This Option is fully vested and immediately exercisable upon the Date
      of Grant with respect to all of the shares covered by this Option.

4.    NOTICE OF EXERCISE

      Exercise of this Option shall be by written notice delivered or mailed
      to the Corporate Secretary of the Company at its executive offices
      presently at 201 St. Charles Avenue, Suite 3400, New Orleans, Louisiana
      70170. This Option may not be exercised as to less than 100 shares at
      any one time unless the remaining shares then exercisable under this
      Option total less than 100 shares.

5.    DATE OF EXERCISE

      The Date of Exercise of this Option shall be the date that the Notice
      of Exercise, accompanied by payment of the Purchase Price, as set forth
      in Paragraph 6, are received by the Company.

6.    PAYMENT OF PURCHASE PRICE

      Each Notice of Exercise shall be accompanied by a check payable to the
      order of the Company ("Cash Payment") in the amount of the number of
      shares to be purchased under this Option multiplied by the Exercise
      Price per share of this Option (the "Purchase Price").

      The Purchase Price may also be paid as follows:

      a)   IN KIND EXERCISE -- In lieu of part, or all, of a Cash Payment,
           the Purchase Price may be paid in shares of the Company's Common
           Stock owned by you for at least 6 months, having a fair market
           value (determined in accordance with the Plan) as of the Date of
           Exercise equal to the Purchase Price. Procedures for `In Kind'
           Exercise will be specified by the Company from time to time and
           available upon request of any optionee.

      b)   CASHLESS EXERCISE -- In lieu of part or all of a Cash Payment, you
           may deliver a properly executed Notice of Exercise, together with
           irrevocable instructions to a broker that the broker properly
           deliver to the Company the total Purchase Price. Procedures for
           "Cashless Exercise" will be specified by the Company from time to
           time and will be available upon request of any optionee.

7.    EXERCISE AFTER CESSATION OF SERVICE

      a)   If you cease to be a director of the Company for any reason, this
           Option may be exercised for a period of up to 36 months following
           the date of your cessation of service as a director, but in no
           event beyond the Expiration Date.

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      b)   If you cease to be a director as a result of your death, this
           Option may be exercised by the beneficiary designated by you in a
           writing filed with the Company or, if no such designation is made,
           by the person or persons to whom your rights have passed by will
           or applicable law.

      c)   If you become disabled, this Option may be exercised by your legal
           representative.

8.    NON-TRANSFERABLE

      This Option shall not be transferable or assignable by you, other than
      as provided in Paragraph 7(b) of this Agreement.

9.    RIGHTS AS SHAREHOLDER

      You shall not be deemed for any purpose to be, or have rights as, a
      shareholder of the Company with respect to the shares covered by this
      Option until you exercise this Option. No adjustments shall be made for
      splits, dividends or distributions or other rights for which the record
      date is prior to the date on which the shares covered by this Option
      are actually issued to you. Certificates evidencing shares acquired by
      you pursuant to this Option will be forwarded to you by the Company's
      Transfer Agent as soon as reasonably practicable after your exercise of
      this Option.

10.   MISCELLANEOUS

      This Agreement (a) shall be binding upon and inure to the benefit of
      any successor of the Company; (b) shall be governed by the laws of the
      State of Delaware, and any applicable laws of the United States; (c)
      may not be amended except in writing; (d) shall in no way affect your
      participation or benefits under any other plan or benefit program
      maintained or provided by the Company; and (e) shall not be construed
      as giving you any right to be retained as a director of the Company.
      This Agreement does not, nor shall it be construed to alter, modify or
      amend the Plan. In the event of any inconsistency or conflict between
      any term, condition or provision of this Agreement and of the Plan, the
      Plan shall control and govern.

11.   COMPLIANCE WITH APPLICABLE LAW

      Notwithstanding anything herein to the contrary, this Option shall not
      be exercisable and the Company shall not be obligated to cause to be
      issued or delivered any certificates evidencing shares pursuant to the
      exercise of this Option, if the Company determines that the exercise of
      such Option or the issuance and delivery of such certificates may be in
      violation of any law or regulation of any governmental or regulatory
      authority. The Company shall in no event be obligated to register any
      securities pursuant to the Securities Act of 1933 (as now in effect or
      as hereafter amended) or to take any other action in order to cause the
      exercise of this Option and issuance and delivery of such certificates
      to comply with any such law or regulation.

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                                          ENERGY PARTNERS, LTD.

                                          BY:
                                              -------------------------
                                                RICHARD A. BACHMANN
                                                CHAIRMAN, PRESIDENT AND
                                                CHIEF EXECUTIVE OFFICER

                                          ATTEST:

                                          -------------------
                                                JOHN H. PEPER
                                                CORPORATE SECRETARY

ACCEPTED:

---------------------------------
[DIRECTOR NAME]

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