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Exhibit 10.1  

 
 

RESTRICTED STOCK AGREEMENT    
    

        THIS RESTRICTED STOCK AGREEMENT (this "Agreement") is made as of
the            day of                        ,
200  , between Forest Oil Corporation, a New York corporation (the "Company"), and                        (the
"Employee"). 

        1.    Award.    Pursuant to the Forest Oil Corporation 2001 Stock Incentive Plan, as amended
(the "Plan"), as of the date of this Agreement,            shares of the Company's common stock, par value $.10 per share (the "Restricted Stock"), shall be issued as hereinafter provided in
the
Employee's name subject to certain restrictions thereon, in consideration of services that the Employee has performed for the Company in 20  and services to be provided to the Company in
the future. The Restricted Stock shall be issued upon acceptance of this Agreement by the Employee and upon satisfaction of the conditions of this Agreement. This award of Restricted Stock shall be
subject to all of the terms and provisions of the Plan, including future amendments thereto, if any, which is available on http://corpweb1/. For paper copies of the Plan and prospectus please contact
Stock Administration, 707 Seventeenth Street, Suite 3600, Denver, CO 80202, or call 303.812.1502 or 303.812.1579. In the event of any conflict between the terms of this Agreement and the Plan, the
Plan shall control. 

        2.    Restricted Stock.    The Employee hereby accepts the Restricted Stock when issued and
agrees with respect thereto as follows: 

        (a)    Forfeiture Restrictions.    The Restricted Stock may not be sold, assigned, pledged,
exchanged, hypothecated or otherwise transferred, encumbered or disposed of to the extent then subject to the Forfeiture Restrictions (as hereinafter defined), and in the event of termination of the
Employee's employment with the Company for any reason other than death, Disability, or Involuntary Termination (as such terms are hereinafter defined), the Employee shall, for no consideration,
forfeit to the Company all Restricted Stock to the extent then subject to the Forfeiture Restrictions. The prohibition against transfer and the obligation to forfeit and surrender Restricted Stock to
the Company upon termination of employment are herein referred to as the "Forfeiture Restrictions." The Forfeiture Restrictions shall be binding upon and enforceable against any transferee of
Restricted Stock. For purposes of this Agreement, the following capitalized words and terms shall have the meanings indicated below: 

          (i)  "Board"
shall mean the Board of Directors of the Company. 

         (ii)  "Code"
shall mean the Internal Revenue Code of 1986, as amended. 

        (iii)  "Committee"
shall mean the committee of the Board that is selected by the Board to administer the Plan as provided in the Plan. 

        (iv)  "Corporate
Change" shall mean the occurrence of any one or more of the following events: (A) the Company shall not be the surviving entity in any merger,
consolidation or other reorganization (or survives only as a subsidiary of an entity other than a previously wholly-owned subsidiary of the Company); (B) the Company sells, leases or exchanges
all or substantially all of its assets to any other person or entity (other than a wholly-owned subsidiary of the Company); (C) the Company is to be dissolved and liquidated; (D) any
person or entity, including a "group" as contemplated by Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, acquires or gains ownership or control (including, without
limitation, power to vote) of more than 50% of the outstanding shares of the Company's voting stock (based upon voting power); or (E) as a result of or in connection with a contested election
of directors, the persons who were directors of the Company before such election shall cease to constitute a majority of the Board. Notwithstanding the foregoing, the term "Corporate Change" shall not
include any reorganization, merger or consolidation involving solely the Company and one or more previously wholly-owned subsidiaries of the Company. 

 

         (v)  "Disability"
shall mean that, as a result of the Employee's incapacity due to physical or mental illness, he shall have been absent from the full-time
performance of his duties for six consecutive months, and he shall not have returned to full-time performance of his duties within 30 days after written notice of termination is
given to the Employee by the Company (provided, however, that such notice may not be given prior to 30 days before the expiration of such six-month period). 

        (vi)  "Involuntary
Termination" shall mean any termination of the Employee's employment with the Company which does not result from a resignation by the Employee; provided,
however, that the term "Involuntary Termination" shall not include a termination as a result of death, Disability, or a termination of the Employee's employment by the Company (or its subsidiaries) by
reason of the
Employee's unsatisfactory performance of his duties, to be determined by the Company in its sole discretion, or final conviction of a misdemeanor involving moral turpitude or a felony. 

       (vii)  "Section 16
Person" shall mean an officer, director or affiliate of the Company or a former officer, director or affiliate of the Company who is subject to
section 16 of the Securities Exchange Act of 1934, as amended. 

        (b)    Lapse of Forfeiture Restrictions.    The Forfeiture Restrictions shall lapse as to the
Restricted Stock in accordance with the following schedule provided that the Employee has been continuously employed by the Company from the date of this Agreement through the lapse date: 

	Lapse Date
 
	 	Percentage of Total Number of

Shares of Restricted Stock as to

Which Forfeiture Restrictions Lapse

	 	 	 

Notwithstanding
the foregoing, the Forfeiture Restrictions shall lapse as to all of the Restricted Stock then subject to the Forfeiture Restrictions on (i) the date of a Corporate Change
provided that the Employee has been continuously employed by the Company from the date of this Agreement to the date of such Corporate Change or (ii) the date the Employee's employment with the
Company is terminated by reason of death, Disability, or Involuntary Termination. 

        (c)    Certificates.    A certificate evidencing the Restricted Stock shall be issued by the
Company in Employee's name, pursuant to which Employee shall have all of the rights of a shareholder of the Company with respect to the Restricted Stock, including, without limitation, voting rights
and the right to receive dividends; provided, however, that dividends paid in shares of the Company's stock shall be subject to the Forfeiture Restrictions. The Employee may not sell, transfer,
pledge, exchange, hypothecate or otherwise dispose of the Restricted Stock until the Forfeiture Restrictions have expired and a breach of the terms of this Agreement shall cause a forfeiture of the
Restricted Stock. The Company, in its discretion, may elect to complete the delivery of the Restricted Stock by means of electronic, book-entry statement, instead of issuing physical share
certificates. 

        Certificates,
if any, shall be delivered upon issuance to the Secretary of the Company or to such other depository as may be designated by the Committee as a depository for safekeeping
until the forfeiture of such Restricted Stock occurs or the Forfeiture Restrictions lapse pursuant to the terms of the Plan and this award. Upon the lapse of the Forfeiture Restrictions, the Company
shall cause a new certificate or certificates to be issued without legend (except for any legend required pursuant to applicable securities laws or any other agreement to which the Employee is a
party) in the name of the Employee in exchange for the certificate evidencing the Restricted Stock, or, as may be the case, it shall issue appropriate instructions to the transfer agent if the
electronic, book-entry method is utilized. In any event, the Company, in its discretion, may elect to deliver the 

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shares
in certificate form or electronically to a brokerage account established for the Employee's benefit at a brokerage financial institution selected by the Company. At the Company's request, the
Employee shall deliver to the Company a stock power, endorsed in blank, relating to the Restricted Stock and the Employee agrees to complete and sign any other documents and take additional action
that the Company may request to enable it to deliver the Restricted Stock on the Employee's behalf. 

        (d)    Corporate Acts.    The existence of the Restricted Stock shall not affect in any way
the right or power of the Board or the shareholders of the Company to make or authorize any adjustment, recapitalization, reorganization or other change in the Company's capital structure or its
business, any merger or consolidation of the Company, any issue of debt or equity securities, the dissolution or liquidation of the Company or any sale, lease, exchange or other disposition of all or
any part of its assets or business or any other corporate act or proceeding. The prohibitions of Section 2(a) hereof shall not apply to the transfer of Restricted Stock pursuant to a plan of
reorganization of the Company, but the stock, securities or other property received in exchange therefor shall also become subject to the Forfeiture Restrictions and provisions governing the lapsing
of such Forfeiture Restrictions applicable to the original Restricted Stock for all purposes of this Agreement and the certificates representing such stock, securities or other property shall be
legended to show such restrictions. 

        3.    Withholding of Tax.    To the extent that the receipt of the Restricted Stock or the
lapse of any Forfeiture Restrictions results in compensation income or wages to the Employee for federal or state income tax purposes, the Employee shall deliver to the Company at the time of such
receipt or lapse, as the case may be, such amount of money as the Company may require to meet its obligation under applicable tax laws or regulations. The Employee may elect with respect to this
Agreement to surrender or authorize the Company to withhold shares of stock of the Company (valued at their fair market value on the date of surrender or withholding of such shares) to satisfy any tax
required to be withheld by reason of compensation income or wages resulting under this Agreement. An election pursuant to the preceding sentence shall be referred to herein as a "Stock Withholding
Election" and the Company retains the right to impose conditions on the stock withholding election right. All Stock Withholding Elections shall be made by written notice to the Company at its
principal executive office addressed to the attention of the Secretary. If the Employee is not a Section 16 Person, the Employee may revoke such election by delivering to the Secretary written
notice of such revocation prior to the date such election is implemented through actual surrender or withholding of shares of stock of the Company (the "Withholding Date"). If the Employee is a
Section 16 Person, the Stock Withholding Election must: 

          (i)  be
irrevocable and made six months prior to the Withholding Date, or 

         (ii)  (a)
be approved by the Committee, either before or after such election is made, (b) be made, and the Withholding Date occur, during a period beginning on the
third business day following the date of release by the Company for publication of quarterly and annual summary statements of sales and earnings and ending on the twelfth business day following such
date, and (c) be made more than six months after the effective date of this Agreement. 

        If
the Employee fails to pay the required amount to the Company or fails to make a Stock Withholding Election, the Company is authorized to withhold from any cash remuneration (or, if
the Employee is not a Section 16 Person, stock remuneration, including withholding any Restricted Stock distributable to the Employee under this Agreement) then or thereafter payable to the
Employee any tax required to be withheld by reason of compensation income or wages resulting under this Agreement or the disposition of Restricted Stock acquired under this Agreement. 

        4.    Status of Stock.    The Employee agrees that the Restricted Stock issued under this
Agreement will not be sold or otherwise disposed of in any manner which would constitute a violation of any 

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applicable
federal or state securities laws. The Employee also agrees that (i) certificates, if any, representing the Restricted Stock may bear such legend or legends as the Committee deems
appropriate in order to reflect the Forfeiture Restrictions and to assure compliance with applicable securities laws, (ii) the Company may refuse to register the transfer of the Restricted
Stock on the stock transfer records of the Company if such proposed transfer would constitute a violation of the Forfeiture Restrictions or, in the opinion of counsel satisfactory to the Company, of
any applicable securities law, and (iii) the Company may give related instructions to its transfer agent, if any, to stop registration of the transfer of the Restricted Stock. 

        5.    Employment Relationship.    For purposes of this Agreement, the Employee shall be
considered to be in the employment of the Company as long as the Employee remains an employee of either the Company, an Affiliate (as such term is defined in the Plan), or any successor corporation.
Without limiting the scope of the preceding sentence, it is expressly provided that the Employee shall be considered to have terminated employment with the Company at the time of the termination of
the "Affiliate" status under the Plan of the entity or other organization that employs the Employee. Nothing in the adoption of the Plan, nor the award of the Restricted Stock thereunder pursuant to
this Agreement, shall confer upon the Employee the right to continued employment by the Company or affect in any way the right of the Company to terminate such employment at any time. Unless otherwise
provided in a written employment agreement or by applicable law, the Employee's employment by the Company shall be on an at-will basis, and the employment relationship may be terminated at
any time by either the Employee or the Company for any reason whatsoever, with or without cause. Any question as to whether and when there has been a termination of such employment, and the cause of
such termination, shall be determined by the Committee, and its determination shall be final. 

        6.    Notices.    Any notices or other communications provided for in this Agreement shall be
sufficient if in writing. In the case of the Employee, such notices or communications shall be effectively delivered if hand delivered to the Employee at his principal place of employment or if sent
by registered or certified mail to the Employee at the last address the Employee has filed with the Company. In the case of the Company, such notices or communications shall be effectively delivered
if sent by registered or certified mail to the Company at its principal executive offices. 

        7.    Parachute Payment.    In the event that the receipt of the Restricted Stock or the lapse
of any Forfeiture Restrictions would constitute a parachute payment (within the meaning of section 280G of the Code) at a time when the Employee's Severance Agreement, if any, with the Company
that is in effect as of the date hereof (or any successor agreement) is in effect, then the amount of such parachute payment shall be treated as a payment to the Employee for purposes of determining
the amount of any gross-up payment to be made to the Employee under the terms of any such Severance Agreement (or any successor agreement) with respect to the excise tax imposed by
Section 4999 of the Code. 

        8.    Entire Agreement; Amendment.    This Agreement replaces and merges all previous
agreements and discussions relating to the same or similar subject matters between the Employee and the Company and constitutes the entire agreement between the Employee and the Company with respect
to the subject matter of this Agreement. This Agreement may not be modified in any respect by any verbal statement, representation or agreement made by any employee, officer, or representative of the
Company or by any written agreement unless signed by an officer of the Company who is expressly authorized by the Company to execute such document. Except as provided below, any modification of this
Agreement shall be effective only if it is in writing and signed by both the Employee and an authorized officer of the Company. 

        9.    Binding Effect.    This Agreement shall be binding upon and inure to the benefit of any
successors to the Company and all persons lawfully claiming under the Employee. 

        10.    Controlling Law.    This Agreement shall be governed by, and
construed in accordance with, the laws of the State of New York.

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        IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by an officer thereunto duly authorized, and the Employee
has executed this Agreement, all as of the date first above written. 

	 	 	FOREST OIL CORPORATION
	

 	
 	
By:	
 	

 

	 	 	 	 	Cyrus D. Marter IV

Vice President, General Counsel

and Secretary
	

 	
 	
EMPLOYEE
	

 	
 	

 

	 	 	 	 	[EMPLOYEE NAME]
	 	 	 	 	SS#:	 	 
	 	 

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Exhibit 10.2    
    

 
 

FOREST OIL CORPORATION
  PHANTOM STOCK UNIT AGREEMENT    
    

        This Phantom Stock Unit Agreement ("Agreement") is made as of the            day
of            , 20    ("Date of Grant"), between Forest Oil
Corporation, a New York corporation ("Forest"), and EMPLOYEE NAME ("Employee"). The defined term "Company" shall include Forest and its Affiliates, as
defined in the Forest Oil Corporation 2001 Stock Incentive Plan (the "Plan"). 

        1.    Award.    In consideration of the services that the Employee has provided to the Company
during 20    and the services to be provided by Employee to the Company in Canada in the future, Forest hereby makes a grant of Phantom Stock Units (as defined below) subject to the terms
and conditions contained herein and in the Plan, which is available on the Forest intranet at the following site: http://corpweb1/. For paper copies of
the Plan and prospectus please contact Stock Administration, 707 Seventeenth Street, Suite 3600, Denver, CO 80202, or call 303.812.1502 or 303.812.1579. 

        (a)    Units.    Pursuant to the Plan,            units (the "Phantom Stock Units"),
shall be issued as hereinafter provided in Employee's name subject to certain restrictions thereon. The Phantom Stock Units may be settled in shares of Forest common stock ("Shares") or the value of
the Shares, paid in cash, or any combination thereof, as determined by the Committee (as defined in Section 2 below). The Phantom Stock Units constitute a "Phantom Stock Award" under the Plan. 

        (b)    Grant of Phantom Stock Units.    The Phantom Stock Units shall be issued upon
acceptance hereof by Employee and upon satisfaction of the conditions of this Agreement. The Employee acknowledges and agrees that this award of Phantom Stock Units shall be subject to all of the
terms and provisions of the Plan, including future amendments thereto, if any, pursuant to the terms thereof. In the event of any conflict between the terms of this Agreement and the Plan, the Plan
shall control. 

        2.    Phantom Stock Units.    The Employee hereby accepts the Phantom Stock Units when issued
and agrees with respect thereto as follows: 

        (a)    Forfeiture Restrictions.    The Phantom Stock Units granted hereunder may not be sold,
assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of to the extent then subject to the Forfeiture Restrictions (as hereinafter defined), and in the event of
termination of the Employee's employment with the Company for any reason other than death, Disability, or Involuntary Termination (as such terms are hereinafter defined), the Employee shall, for no
consideration, forfeit to the Company all Phantom Stock Units to the extent then subject to the Forfeiture Restrictions. The prohibition against transfer and the obligation to forfeit and surrender
Phantom Stock Units to the Company upon termination of employment are herein referred to as the "Forfeiture Restrictions." The Forfeiture Restrictions shall be binding upon and enforceable against any
transferee of Phantom Stock Units. For purposes of this Agreement, the following capitalized words and terms shall have the meanings indicated below: 

          (i)  "Board"
shall mean the Board of Directors of Forest. 

         (ii)  "Committee"
shall mean the committee of the Board that is selected by the Board to administer the Plan as provided in the Plan. 

        (iii)  "Corporate
Change" shall mean the occurrence of any one or more of the following events: (A) Forest shall not be the surviving entity in any merger,
consolidation or other reorganization (or survives only as a subsidiary of an entity other than a previously wholly-owned subsidiary of Forest); (B) Forest sells, leases or exchanges all or
substantially all of its assets to any other person or entity (other than a wholly-owned subsidiary of Forest); (C) Forest is to be dissolved and liquidated; (D) any person or entity,
including a "group" as contemplated by Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, acquires or gains ownership or control (including, without limitation, power to vote)
of more 

 

than
50% of the outstanding shares of Forest's voting stock (based upon voting power); or (E) as a result of or in connection with a contested election of directors, the persons who were
directors of Forest before such election shall cease to constitute a majority of the Board. Notwithstanding the foregoing, the term "Corporate Change" shall not include any reorganization, merger or
consolidation involving solely Forest and one or more previously wholly-owned subsidiaries of Forest. 

        (iv)  "Disability"
shall mean that, as a result of the Employee's incapacity due to physical or mental illness, the Employee shall have been absent from the
full-time performance of his duties for six consecutive months, and he shall not have returned to full-time performance of his duties within 30 days after written notice
of termination is given to the Employee by
the Company (provided, however, that such notice may not be given prior to 30 days before the expiration of such six-month period). 

         (v)  "Involuntary
Termination" shall mean any termination of the Employee's employment with the Company which does not result from a resignation by the Employee; provided,
however, that the term "Involuntary Termination" shall not include a termination as a result of death, Disability, or a termination of the Employee's employment by the Company by reason of the
Employee's unsatisfactory performance of his duties, to be determined by the Company in its sole discretion, or final conviction of a misdemeanor involving moral turpitude or a felony. 

        (vi)  "Section 16
Person" shall mean an officer, director or affiliate of Forest or a former officer, director or affiliate of Forest who is subject to
section 16 of the Securities Exchange Act of 1934, as amended. 

       (vii)  "Vesting
Date" shall mean the date, if any, upon which the Forfeiture Restrictions Lapse pursuant to Section 2(b) below. 

        (b)    Lapse of Forfeiture Restrictions.    The Forfeiture Restrictions shall lapse and cease
to apply to Phantom Stock Units according to the following schedule provided that Employee has been continuously employed by the Company from the date of this Agreement through the lapse date: 

	Percentage of Units Vesting
 
	 	Vesting Date
	 	 

        Notwithstanding
the foregoing, the Forfeiture Restrictions shall lapse as to all of the Phantom Stock Units then subject to the Forfeiture Restrictions, and the Vesting Date for such
Phantom Stock Units shall be: (i) the date of a Corporate Change provided that the Employee has been continuously employed by the Company from the date of this Agreement to the date of such
Corporate Change or (ii) the date the Employee's employment with the Company is terminated by reason of death, Disability, or Involuntary Termination. 

        Phantom
Stock Units shall vest and the Forfeiture Restrictions shall lapse with respect to 100% of the Phantom Stock Units on the Vesting Date. As soon as reasonably practicable after
the Vesting Date (but in no event later than March 15 of the calendar year following the calendar year in which the Vesting Date occurs), the Company will transfer Shares to the Employee and/or
make payment of the value of the Shares in cash, or any combination thereof, as determined by the Committee, subject to (a) the Employee's satisfaction of applicable taxes and other required
source deductions (as described in Section 2(d) below) and (b) the condition that if at any time the Board or the Committee shall determine in its discretion that the listing,
registration, or qualification of the Shares is required under any federal, provincial or state law or under any 

2

 

securities
exchange, or consent or approval of any governmental regulatory body is necessary or desirable as a condition of, or in connection with, the issuance of the Shares, then this grant of
Phantom Stock Units will not vest in whole or in part unless and until such listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not
acceptable to the Committee. Any certificates shall include such legends as the Committee, in its sole discretion, may determine to be necessary or advisable in order to comply with applicable
federal, provincial or state securities laws. Where Phantom Stock Units are settled through the delivery of Shares in whole or in part, the Company, in its sole discretion, may elect to deliver the
certificate either in certificate form or in electronic, book-entry form to a brokerage account established for the Employee's benefit at a brokerage/financial institution selected by the
Company. The Employee agrees to complete and sign any documents and take additional action that the Company may request to enable it to deliver the Shares on the Employee's behalf. 

        If
the employment of the Employee with the Company terminates prior to the lapse of the Forfeiture Restrictions, and there exists a dispute between the Employee and the Company or the
Committee as to the satisfaction of the conditions to the lapse of the Forfeiture Restrictions or the terms and conditions of the grant, the Phantom Stock Units and all rights, property and interests
associated therewith shall remain subject to the Forfeiture Restrictions until the resolution of such dispute. 

        (c)    Settlement.    Settlement of vested Phantom Stock Units in Shares shall be made by
delivery from the Company of one Share for each whole Phantom Stock Unit then being settled in Shares. Settlement of vested Phantom Stock Units in cash shall be made by payment from the Company of an
aggregate amount equal to: 

        The
product of: 

        (A)  the
Fair Market Value of a Share as determined in accordance with Paragraph II (m) of the Plan on the applicable settlement date specified by the
Committee, 

multiplied
by: 

        (B)  the
number of Phantom Stock Units (including fractional units) then being settled in cash. 

        Any
cash payment in settlement of Phantom Stock Units shall be payable in Canadian dollars. 

        (d)    Withholding of Taxes and Other Required Source Deductions.    To the extent that the
receipt of the Phantom Stock Units or the settlement of Phantom Stock Units results in compensation income or wages to the Employee for federal, state, provincial or local tax purposes, the Employee
shall deliver to the Company at the time of such receipt or settlement, as the case may be, such amount in Canadian dollars as the Company may require to meet its obligation under applicable tax laws
or regulations. The Employee may elect with respect to this Agreement to surrender or authorize the Company to withhold Shares (valued at their Fair Market Value on the date of surrender or
withholding of such Shares) to satisfy any tax or other required source deductions required to be withheld by reason of compensation income or wages resulting under this Agreement. An election
pursuant to the preceding sentence shall be referred to herein as a "Stock Withholding Election" and the Company retains the right to impose conditions on the stock withholding election right. 

        If
the Employee is a Section 16 Person, the Stock Withholding Election must: 

          (i)  be
irrevocable and made at least six months prior to the withholding date, or 

         (ii)  comply
with the Company's insider trading policies and special trading procedures for directors and officers as in effect from time to time. 

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        Taxes
arising in connection with the Vesting Date will be due and payable at the time of settlement of the Phantom Stock Units. In any event, if the Employee fails to deliver to the
Company payment of the required amounts described above on or before 5:00 p.m. on December 29 of the calendar year in which the Vesting Date occurs, or fails to make a Stock Withholding
Election, the Company is authorized, in its sole discretion, to withhold from any cash value or, if the Employee is not a Section 16 Person, withhold any Shares distributable to the Employee
under this Agreement, any tax or other source deductions required to be withheld by reason of compensation income or wages resulting under this Agreement. 

        (e)    Corporate Acts.    The existence of the Phantom Stock Units shall not affect in any way
the right or power of the Board or the shareholders of Forest to make or authorize any adjustment, recapitalization, reorganization or other change in Forest's capital structure or its business, any
merger or consolidation of Forest, any issue of debt or equity securities, the dissolution or liquidation of Forest or any sale, lease, exchange or other disposition of all or any part of its assets
or business or any other corporate act or proceeding. Prior to the settlement date, the Committee shall have the right, in its sole discretion, to determine to make or determine not to make
adjustments to any Phantom Stock Units in the event of a recapitalization, reorganization or other change in the Company's capital structure or business, or any merger or business consolidation as
described in the Plan. 

        3.    Rights as Stockholder.    The Phantom Stock Units represent an unsecured and unfunded
right to receive a payment in Shares or cash, as applicable, which right is subject to the terms, conditions and restrictions set forth in this Agreement and the Plan. Accordingly, the Employee will
have no rights as a stockholder with respect to any Shares covered by this Phantom Stock Unit Agreement until the Phantom Stock Units vest and the Shares, if any, are issued by the Company and are
deposited in the Employee's account at a transfer agent or other custodian selected by the Committee, or are issued to the Employee with respect to those vested Shares. 

        4.    Employment Relationship.    A period of notice, if any, or payment in lieu thereof, upon
termination of employment, wrongful or otherwise, shall not be considered as extending the period of employment for the purposes of this Agreement. Without limiting the scope of the preceding
sentence, it is expressly provided that the Employee shall be considered to have terminated employment with the Company at the time of the termination of the "Affiliate" status under the Plan of the
entity or other organization that employs the Employee. Nothing in the adoption of the Plan, nor the award of Phantom Stock Units thereunder pursuant to this Agreement, shall confer upon the Employee
the right to continued employment by the Company or affect in any way the right of the Company to terminate such employment at any time. Any question as to whether and when there has been a
termination of such employment, and the cause of such termination, shall be determined by the Committee, and its determination shall be final. The Employee waives any and all right to compensation or
damages in consequence of termination of employment (whether lawfully or unlawfully) or otherwise whatsoever insofar as those rights arise or may arise from the Employee's ceasing to have rights under
or be entitled to receive any Shares or cash payment under the Plan as a result of such termination of employment or pursuant to Section 2(a) of this Agreement. 

        5.    Committee's Powers.    No provision contained in this Agreement shall in any way
terminate, modify or alter, or be construed or interpreted as terminating, modifying or altering, any of the powers, rights or authority vested in the Committee pursuant to the terms of the Plan,
including, without limitation, the Committee's rights to make certain determinations and elections with respect to the Phantom Stock Units. 

        6.    Resolution of Disputes.    As a condition of the granting of the Phantom Stock Units
hereby, the Employee and the Employee's heirs, personal representatives and successors agree that any dispute or disagreement which may arise hereunder shall be determined by the Committee in its sole
discretion 

4

 

and
judgment, and that any such determination and any interpretation by the Committee of this Agreement shall be final and shall be binding and conclusive, for all purposes, upon the Company,
Employee, Employee's heirs, personal representatives and successors or any person or entity claiming through any of them. 

        7.    Binding Effect.    This Agreement shall be binding upon and enure to the benefit of any
successor to the Company and all persons lawfully claiming under the Employee. 

        8.    Entire Agreement; Amendment.    This Agreement replaces and merges all previous
agreements and discussions relating to the same or similar subject matters between the Employee and the Company and constitutes the entire agreement between the Employee and the Company with respect
to the subject matter of this Agreement. This Agreement may not be modified in any respect by any verbal statement, representation or agreement made by any employee, officer, or representative of the
Company or by any written agreement unless signed by an officer of the Company who is expressly authorized by the Company to execute such document. Any modification of this Agreement shall be
effective only if it is in writing and signed by both the Employee and an authorized officer of the Company. 

        9.    Notices.    Any notices or other communications provided for in this Agreement shall be
sufficient if in writing. In the case of the Employee, such notices or communications shall be effectively delivered if hand delivered to the Employee at his principal place of employment or if sent
by registered or certified mail to the Employee at the last address the Employee has filed with the Company. In the case of the Company, such notices or communications shall be effectively delivered
if sent by registered or certified mail to Forest at its principal executive offices. 

        10.    Controlling Law.    This Agreement shall be governed by, and construed in accordance
with, the laws of the State of New York. 

        IN WITNESS WHEREOF, Forest has caused this Agreement to be duly executed by an officer thereunto duly authorized, and the Employee has
executed this Agreement, all as of the date first above written. 

	 	 	FOREST OIL CORPORATION
	 	 	 	 	 
	 	 	 	 	 
	 	 	By:	 	
 Cyrus D. Marter IV

Vice President, General Counsel and Secretary
	 	 	 	 	 
	 	 	 	 	 
	 	 	EMPLOYEE
	 	 	 	 	 
	 	 	 	 	 
	 	 	
 [Employee Name]

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Exhibit 10.2

FOREST OIL CORPORATION PHANTOM STOCK UNIT AGREEMENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00127-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00127-of-00352.parquet"}]]