Document:

Option Award Agreement, dated as of September 30, 2009

 Exhibit 10.2 
 ENERGY PARTNERS, LTD. 
 2009 LONG TERM INCENTIVE PLAN

 OPTION AWARD AGREEMENT 
 1. Grant of Stock Option. Energy Partners, Ltd., a Delaware corporation (the “Corporation”), pursuant to the Energy Partners, Ltd. 2009 Long Term Incentive Plan (the “Plan”),
hereby grants to the participant named below an option (the “Stock Option”) to purchase shares of its Common Stock, on the terms set forth herein (this entire agreement being the “Option Award Agreement”): 
  

			
	Participant:	  	Gary Hanna (the “Participant”)
		
	Date of Grant:	  	September 30, 2009
		
	Number of shares:	  	68,116 shares of Common Stock
		
	Exercise price:	  	$10.00 per share or, if greater, the Market Value Per Share of the Common Stock as of the date hereof (the “Option Price”)
		
	Type of option:	  	Nonstatutory Stock Option

 2. Exercise and Expiration Dates. 
 (a) Unless the Stock Option vests earlier in accordance with Section 4 or 7, the Stock Option will vest and become exercisable ratably
over a 36-month period beginning on the Date of Grant (the “Vesting Period”); provided, however, that the vesting for the first six months of the Vesting Period (the “Initial Period”) shall be deferred until the end of the
initial period such that (i) the portion of the Stock Option that would have otherwise vested during the Initial Period will automatically vest and become exercisable on the first day following the expiration of the Initial Period and
(ii) any remaining unvested portion of the Stock Option shall vest ratably on a monthly basis over the remainder of the Vesting Period, subject to the Participant’s remaining continuously employed by the Corporation up to and through each
such vesting date. 
 (b) Any vested portion of the Stock Option will expire on, and may not be exercised after, the date that
is 30 months following the applicable vesting date of such vested Stock Options. 
 3. Payment of Exercise Price. The
exercise price for shares purchased by the Participant may be paid (a) in cash or by check acceptable to the Corporation, (b) by the actual or constructive transfer to the Corporation of shares of Common Stock owned by the Participant for
at least six months (or, with the consent of the Committee, for less than six months) having an aggregate Market Value Per Share at the date of exercise equal to the aggregate Option Price, (c) with the consent of the Committee, by authorizing
the Corporation to withhold a number of shares of Common Stock having an aggregate Market Value Per Share on the date of exercise equal to the aggregate Option Price, or (d) by a combination of the foregoing methods; provided,

 
however, that the payment methods described in clauses (b), (c) and (d) will not be available at any time the Corporation is prohibited from purchasing or acquiring such shares
of Common Stock. The Participant may also make arrangements satisfactory to the Corporation for the deferred payment of the aggregate Option Price from the proceeds of a sale through a broker of some or all of the shares to which such exercise
relates. 
 4. Termination of Employment. If the Participant’s employment is terminated by the Corporation for
Cause, the Stock Option will expire immediately and the unexercised portion thereof will be forfeited on the Date of the Termination. If (a) the Participant’s employment is terminated in an Involuntary Termination, or (b) the
Participant voluntarily terminates employment for Good Reason, the portion of the nonvested Stock Option that would have vested during the six months immediately following the Date of Termination will automatically and immediately vest and such
portion of the nonvested Stock Option will be exercisable by the Participant, in whole or in part, for a period of not less than 30 months following the Date of Termination. For purposes of this Agreement, “Cause,” “Date of
Termination,” “Involuntary Termination” and “Good Reason” are as defined in the employment agreement between the Participant and the Corporation (the “Employment Agreement”). 
 If the Participant’s employment terminates by reason of permanent disability or death, the vested portion of the Stock Option will
expire 30 months after the Date of Termination, and the nonvested portion of the Stock Option will be forfeited upon the Date of Termination. If the Participant’s employment terminates for any reason other than those previously described in
this Section 4, then the vested portion of the Stock Option will expire 30 months days after the Date of Termination, and the nonvested portion of the Stock Option will be forfeited upon the Date of Termination. 
 5. Corporation’s Repurchase Rights. The Corporation will have the right to repurchase all or any shares of Common Stock issued
to the Participant upon the exercise of the Stock Option (the “Shares”) in accordance with the provisions of Section 12 of the Plan, which gives the Corporation the right to repurchase all or any portion of such Common Stock issued to
Participant only if the Corporation’s Common Stock is not required to be registered under Section 12 of the Securities Exchange Act of 1934, as amended. 
 6. Transferability. Except as otherwise determined by the Committee, no Stock Option will be transferable by the Participant other than by will or the laws of descent and distribution. No Stock
Option will be exercisable during the Participant’s lifetime by any person other than the Participant or the Participant’s guardian or legal representative. 
 7. Change of Control. Notwithstanding the exercise dates and vesting schedule set forth in this Option Award Agreement, upon a Change of Control while the Participant is employed by the
Corporation, the nonvested portion of the Stock Option will automatically and immediately vest and the Stock Option will be exercisable by the Participant in whole or in part for a period of not less than 30 months after the occurrence of such
Change of Control. In no event will the Stock Option be exercisable after the expiration date described herein. For purposes of this Option Award Agreement, “Change of Control” shall have the meaning set forth in the Plan. 
  

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 8. Other Terms and Conditions. The Participant will not have any of the rights of a
stockholder of the Corporation with respect to the shares of Common Stock subject to this Stock Option except to the extent that one or more certificates representing such shares of Common Stock have been delivered to the Participant, or the
Participant has been determined to be a stockholder of record by the Corporation’s transfer agent, upon due exercise of this Stock Option. Further, nothing herein will confer upon the Participant any right to become or remain in the service or
employ of the Corporation or any Subsidiary, nor limit or affect in any manner the right of the Corporation to terminate the service or employment or adjust the compensation of the Participant. 
 Any amendment to the Plan will be deemed to be an amendment to this Option Award Agreement to the extent that the amendment is applicable
hereto; provided, however, that no amendment will adversely affect the rights of the Participant under this Option Award Agreement without the Participant’s consent. 
 This Option Award Agreement is subject to all other terms and conditions of the Plan. Capitalized terms used herein but not defined will
have the meanings assigned to those terms in the Plan. Copies of the Plan may be obtained from the Corporation. By executing this Option Award Agreement, the Participant agrees to the terms set forth above and agrees to be bound by the provisions of
the Plan. 
 [SIGNATURE PAGE FOLLOWS] 
  

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 This Option Award Agreement is executed by the Corporation on this 1st day of October, 2009,
effective as of the date hereof. 
  

			
	ENERGY PARTNERS, LTD.
		
	By:	 	 /s/ John H. Peper

		 	John H. Peper
		 	Executive Vice President

 The undersigned Participant hereby acknowledges receipt of an executed original
of this agreement and accepts the award granted hereunder, subject to the terms and conditions of the Plan and the terms and conditions hereinabove set forth. 
  

			
	 /s/ Gary Hanna

	Gary Hanna
		
	Date:	 	October 1, 2009

 [SIGNATURE PAGE TO
GARRY HANNA OPTION AWARD AGREEMENT]Offer letter to Alfred L. Young

 Exhibit 10.1 
 September 29, 2009 
 VIA Email 
 Mr. Al Young, Jr. 
 Dear Al: 
 This letter will serve to confirm our offer of an employment opportunity with LaSalle Hotel Properties as Chief Operating Officer, beginning no later than
November 3, 2009. 
 You will report to the President and Chief Executive Officer of the company and will have the duties and
responsibilities as will be determined by the President and Chief Executive Officer. 
 For calendar year 2009 and 2010, your base salary will
be $275,000 per year, payable semi-monthly on the 15th and last day of the month. You will also be eligible to receive a bonus in the target amount of $200,000 per year. Your base salary and any target bonus will be payable in accordance with the
company’s pay practices, including subject to legally required or authorized payroll deductions and applicable tax withholdings. 
 Payment
of your “target” bonus will be based upon an evaluation of your individual performance against specific objective and subjective standards by us and the compensation committee of our board of trustees. These performance evaluations will
occur throughout the year on an on-going basis. Your performance against these objectives may lead to receiving more than, or less than, your scheduled target bonus, and this determination will be based on your individual efforts and performance.
Bonus payments will also vary in a year based upon the firm’s results compared to the year’s business plan, the firm’s performance against its peers and our collective performance against managements’ business objectives. All of
these criteria, individual and collective, may change from year to year, as determined by the compensation committee. 
 It is our policy to pay
bonuses annually (i.e., bonuses are earned and payable only to those individuals who are employees at the time bonuses are paid). For 2009, you will receive a guaranteed bonus in the amount of $100,000 which will be payable in the first quarter of
2010. Subject to the terms of the severance agreement referenced below, if you leave the company for any reason during your first evaluation period, or during future evaluation years, there will be no pro rata payment of the bonus or other
compensation. 

 Mr. Al Young, Jr. 
 September 29, 2009 
 Page 2 
  

 In addition, as part of a long-term compensation plan, you will receive the following restricted share
grants after your acceptance of this offer: 
  

	 	1.	Time-Based Restricted Share Grant – A grant of restricted stock valued at $175,000, which will vest one-third on 1/1/11, one-third on 1/1/12 and the remaining 1/3
on 1/1/13. You will receive dividends on said shares as dividends are paid on the company’s common shares. 

  

	 	2.	Performance-Based Restricted Share Grant – A performance-based restricted share grant valued at the target amount of $175,000. Performance measurement period would
be from 12/31/09 to 12/31/12. One-third will vest on 1/1/13, one-third on 1/1/14 and the remaining one-third on 1/1/15. Dividends will be paid in January 2013 for shares earned during the performance period and will also be paid on earned but
unvested shares when dividends are paid on the company’s common shares. 

  

	 	3.	One-time Special Restricted Share Grant – A one-time special time-based restricted share grant in the amount of $400,000. One-third will vest on 1/1/11, one-third
on 1/1/12 and the remaining one-third on 1/1/13. You will receive dividends on said share as dividends are paid on the company’s common shares. 

  

	 	4.	One-time Relocation Bonus – A one-time relocation bonus in the amount of $200,000 to be paid within 10 days after your commencement. 

 The actual number of shares or target shares for each award will be determined based on the closing price of the company’s common share the day prior
to your start date. In addition, the above awards would be made, and be subject in all respects to the terms and conditions of, written award agreements, copies of which are attached. 
 We also will pay for the reasonable costs of your relocation from Westfield, NJ to the Bethesda metro area. A summary of reimbursable costs is attached for your review. In the event you decide to leave
LaSalle Hotel Properties within one year from your start date, then you must repay the amount of relocation reimbursement. 
 In addition to
your direct compensation, you will be eligible to receive other benefits of employment as an officer with our firm. Among them are: 
  

	 	1.	Severance Agreement, a form of which agreement is attached. 

 Mr. Al Young, Jr. 
 September 29, 2009 
 Page 3 
  

	 	2.	Indemnification Agreement, a form of which agreement is attached. 

  

	 	3.	Coverage under the company’s health and life insurance program, which is currently placed with Capital Care. This will take place the day you start your employment
with the company. The health, dental and life insurance package premiums are paid by the company. Detailed information on the insurance program will be provided to you when you fill out the necessary applications. 

  

	 	4.	Participation in the firm’s Savings and Retirement Plan, which begins after you meet certain eligibility requirements. Under this 401(k) Plan, an employee may
elect to contribute both pretax and after-tax earnings through payroll deduction each year. The company provides a matching contribution of 100% on the first 4% of pretax funds saved by the employee after the employee meets additional eligibility
requirements. All employee and company contributions are 100% vested immediately. Additional details will be provided upon acceptance of this offer. 

  

	 	5.	Eligibility in LaSalle Hotel Properties’ Employee Rate Program. 

 Employment with the company is not for a fixed period of time as your employment will be “at will.” This means either the company or you may terminate your employment at any time for any reason.

 This letter describes in full the offer that has been extended to you and supersedes any previous oral or written offer that may have been
made. This letter will be governed and construed in accordance with the laws of the State of Maryland. This letter may be amended or modified only with the written consent of you and the Company’s board of trustees. 

 Mr. Al Young, Jr. 
 September 29, 2009 
 Page 4 
  

 Please indicate your acceptance of this offer by signing the enclosed copy of this letter and returning
it to me no later than September 30, 2009. We are looking forward to your new association with our company and feel confident that our future efforts together will be satisfying and rewarding. 
 Very truly yours, 
  

	
	 /s/ Michael D. Barnello

	Michael D. Barnello
	President and Chief Executive Officer
	LA SALLE HOTEL PROPERTIES

			
		
	 Accepted by:
	 	 /s/ Alfred E. Young

		
	 Date:
	 	 September 30, 2009

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