Document:

<PAGE>
                                                                  EXHIBIT 10.1.2

                             SIXTH AMENDMENT TO THE
                               KAYDON CORPORATION
                    EMPLOYEE STOCK OWNERSHIP AND THRIFT PLAN

         Sixth Amendment to the above plan made this 21st day of December, 2005,
by Kaydon Corporation ("Employer").

         1.       Recitation. The Employer wishes to amend the plan provisions
                  relating to distributions of small account balances to comply
                  with the requirements of Code Section 401(a)(31)(B) as amended
                  by the Economic Growth and Tax Relief Reconciliation Act of
                  2001 and Regulations and IRS Notice 2005-5 which authorizes
                  the elimination of mandatory single-sum distributions pursuant
                  to Code Section 411(a)(11) without violation of Code Section
                  411(d)(6).

         2.       Amendment. The plan is amended at Section 7.3(a)(i), (ii) and
                  (iii) to reduce the cash out limit under the plan to $1,000.

         3.       Effective Date. This Amendment shall be effective March 28,
                  2005.

         4.       Revised Pages. The Amendments reflected above are incorporated
                  in revised pages which shall be substituted for their
                  counterparts and the removed pages shall be attached to this
                  amendment.

         IN WITNESS WHEREOF, the Employer has caused this instrument to be
executed by a proper officer the day and year first above written.

                                            KAYDON CORPORATION

                                            By  /s/ Brian P. Campbell
                                                --------------------------------

                                                Its  President
                                                     ---------------------------

                                            And /s/ John F. Brocci
                                                --------------------------------

                                                Its  Secretary
                                                     ---------------------------

<PAGE>

                               KAYDON CORPORATION
                    EMPLOYEE STOCK OWNERSHIP AND THRIFT PLAN
     (AS AMENDED AND RESTATED FEBRUARY 19, 2002 EFFECTIVE JANUARY 1, 1997)

<PAGE>

                           (A) AMOUNT. The distribution does not exceed the
                  immediate and heavy financial need of the participant
                  (including amounts necessary to pay any federal, state, or
                  local income taxes or penalties reasonably expected to result
                  from the distribution);

                           (B) DISTRIBUTION AND LOANS. The participant has
                  obtained all distributions (other than for hardship) and all
                  nontaxable loans currently available under all plans
                  maintained by the Employer (or Affiliated Employer);

                           (C) SUSPENSION. The participant's Participant
                  Contributions to this Plan and all other qualified and
                  nonqualified plans of deferred compensation (other than health
                  or welfare benefit plans) maintained by the Employer (or
                  Affiliated Employer) are required to be suspended for twelve
                  (12) months (six (6) months, effective January 1, 2002) after
                  receipt of the Hardship distribution; and

                           (D) REDUCED ELECTIVE. Under all plans maintained by
                  the Employer (or Affiliated Employer), the participant may not
                  make Elective Contributions for the taxable year immediately
                  following the taxable year of the hardship distribution in
                  excess of the applicable limit under Code Section 402(g) for
                  that next taxable year less the amount of the participant's
                  Salary Deferred Contributions for the taxable year of the
                  hardship distribution.

         7.3      METHOD OF PAYMENT. Effective on the first day of the 1987 Plan
Year, January 1, 1987, except as provided, payments from a participant's
Accounts at or after a Distributive Event shall be made by a single payment
within one (1) taxable year of the recipient.

         (a)      CASH-OUT. The Participant's consent is not required with
respect to the following distributions.

                  (i) ON OR AFTER MARCH 28, 2005. For distributions made on or
         after March 28, 2005, if a Participant's Vested Account Balance is
         $1,000 or less and the Participant's employment terminates for any
         reason other than death, the Participant's Vested Account Balance shall
         be distributed as soon as administratively feasible following the end
         of the Plan Year in which the Participant's employment terminates. The
         Participant may elect earlier payment. To the extent consistent with
         Regulations and other guidance, the Participant's Vested Account
         Balance shall be determined without regard to the portion of the
         account balance that is attributable to rollovers and direct transfers,
         including earnings, from an eligible plan under Code Sections 402(c),
         403(a)(4), 403(b)(8), 408(d)(3)(A)(ii) and 457(e)(16).

                  (ii) BEFORE MARCH 28, 2005. For Plan Years beginning on or
         after August 6, 1997, with distributions made before March 28, 2005:

<PAGE>

                           (A) ON OR AFTER OCTOBER 17, 2000. A distribution made
                  on or after October 17, 2000, but before March 28, 2005, when
                  the participant's Vested Account Balance is $5,000 (or such
                  larger amount as may be specified in Code Section
                  411(a)(11)(A)) or less. Effective January 1, 2002, the value
                  of a participant's Vested Account Balance shall be determined
                  without regard to that portion of the Account Balance that is
                  attributable to rollover contributions (and allocable
                  earnings) within the meaning of Code Sections 402(c),
                  403(a)(4), 403(b)(8), 408(d)(3)(A)(ii) and 457(e)(16).

                           (B) MARCH 22, 1999, THROUGH OCTOBER 17, 2000. A
                  distribution made on or after March 22, 1999, and before
                  October 17, 2000, when the participant's Vested Account
                  Balance is $5,000 or less unless the distribution is one of a
                  series of scheduled periodic payments and the participant's
                  consent was required at the time the initial payment was made.

                             (C) BEFORE MARCH 22, 1999. A distribution made
                  before March 22, 1999, when the participant's Vested Account
                  Balance, including any earlier distribution, is $5,000 or
                  less.

                  (iii)      BEFORE AUGUST 6, 1997. For Plan Years beginning
         before August 6, 1997, a distribution when the participant's Vested
         Account Balance, including any earlier distribution, is $3,500 or less.

         (b)      TERMINATION. On recognition by the Employer of termination of
the Plan, Elective Contributions and Qualifying Accounts must be transferred to
any other defined contribution plan maintained by the Employer or a member of a
controlled group including the Employer (other than a Code Section 4975(e)(7)
employee stock ownership plan).

         (c)      STOCK. Except as otherwise provided, all distributions shall
be in whole shares of Stock if and to the extent the distribution is from an
Account invested in whole or in part in Stock. All other distributions shall be
in cash. Any fractional share of Stock otherwise distributable shall also be
distributed in cash.

                  (i) ELECTION AGAINST STOCK. Any participant or other payee may
         elect on the appropriate form to receive in cash all or part of the
         portion of a distribution which would otherwise be made in Stock.<PAGE>

                                                                   EXHIBIT 10.14

                               KAYDON CORPORATION
                       NON-EMPLOYEE DIRECTORS COMPENSATION

         On September 2, 2004, the Board of Directors of Kaydon Corporation
approved the recommendation of its Corporate Governance Committee to increase
the compensation paid to non-employee directors, effective September 1, 2004, in
the following manner: (i) the annual retainer was increased from $20,000 to
$35,000, (ii) the meeting fee was increased from $2,000 to $2,500 per meeting,
(iii) the annual retainer for the Audit Committee Chairman was increased from
$3,500 to $10,000, (iv) the meeting fee for Audit Committee members was
increased from $500 to $1,000 per meeting, (v) the annual retainer for the
Compensation Committee Chairman was increased from $3,500 to $5,000, (vi) the
meeting fee for Compensation Committee members was increased from $500 to $1,000
per meeting, (vii) the annual retainer for the Corporate Governance Committee
Chairman was increased from $3,500 to $5,000, and (viii) the meeting fee for
Corporate Governance Committee members was increased from $500 to $1,000 per
meeting. On October 27, 2005, the Board of Directors of Kaydon Corporation
approved the recommendation of its Corporate Governance Committee to add an
annual retainer of $20,000 for the position of Lead Independent Director,
effective October 27, 2005.<PAGE>
                                                                   Exhibit 10.19
                              SWIFT ENERGY COMPANY

                        RESTRICTED STOCK AWARD AGREEMENT

         This RESTRICTED STOCK AWARD AGREEMENT (the "Agreement") is effective as
of ______________, ______ (the "Grant Date"), by and between SWIFT ENERGY
COMPANY, a Texas corporation (the "Company"), and ____________________,
individually ("Participant"), in connection with the Participant's past and
future employment with the Company.

AWARD. The Company hereby grants to Participant a restricted stock award
covering ________________ shares (the "Shares") of common stock, par value $.01
per share, of the Company according to the terms and conditions set forth herein
and in Section 8(d) the Company's 2005 Stock Compensation Plan (the "Plan") and
shall constitute a Restricted Stock Grant under Section 8 of the Plan. A copy of
the Plan has been furnished or made available to the Participant.

         Participant hereby acknowledges _____ the opportunity to review the
Plan, _____ Participant's understanding of the terms and provisions of the award
and the Plan, and _____ Participant's understanding that, by his or her
signature below, Participant is agreeing to be bound by all of the terms and
provisions of this award and the Plan.

<PAGE>

RESTRICTIONS ON TRANSFER. Unvested Shares may not be transferred, pledged,
alienated, attached or otherwise encumbered, and any purported pledge,
alienation, attachment or encumbrance shall be void and unenforceable against
the Company, and no attempt to transfer unvested Shares, whether voluntary or
involuntary, by operation of law or otherwise, shall vest the purported
transferee with any interest or right in or with respect to such award or
Shares.

VESTING. Except as otherwise provided in this Agreement, the award covering
______ percent (__%) of the Shares shall vest on _________, 200__, and _______
percent (__%) of the Shares shall vest on each anniversary of such date
thereafter until fully vested, unless earlier forfeited pursuant to the terms of
Section D of this Agreement.

FORFEITURE. All of Participant's rights to unvested Shares shall be immediately
and irrevocably forfeited if Participant ceases to be an employee of the Company
or any affiliate of the Company, whether or not employment is terminated with or
without cause, unless the Compensation Committee shall determine otherwise. Upon
forfeiture, Participant will no longer have any rights relating to unvested
Shares.

SERVICE RESTRICTION. Participant must be continuously employed by, and an
employee of, the Company or any affiliate of the Company on each vesting date of
the Shares.

TERMINATION. This Agreement shall terminate with respect to unvested Shares
immediately without any notice upon termination of Participant's employment,
with or without cause. This Agreement shall terminate with respect to vested
Shares upon delivery to Participant of such Shares.

CERTIFICATES. Participant agrees that the unvested Shares will be issued in
uncertificated form to be held by the Company's transfer agent until such time
as the Shares shall vest and are delivered to Participant or are forfeited
pursuant to the terms of this Agreement. After vesting and upon delivery of
written instructions by Participant, the Company shall cause such vested Shares
to be delivered to Participant in accordance with Participant's written
instructions.

IRREVOCABLE STOCK POWER. Participant does hereby irrevocably constitute and
appoint the Secretary of the Company as his or her attorney to transfer the
Shares on the books of the Company, with full power of substitution, in the
premises, hereby ratifying and confirming all that said attorney shall lawfully
do by virtue hereof.

PLAN PROVISIONS CONTROL. In the event that any provision of the Agreement
conflicts with or is inconsistent in any respect with the terms of the Plan, the
terms of the Plan shall control.

NO RIGHT TO RETENTION. The issuance of the Shares shall not be construed as
giving Participant the right to be employed or continue to be employed by the
Company or an affiliate of the Company, nor will it affect in any way the right
of the Company or an affiliate of the Company to terminate such employment or
position at any time, with or without cause, pursuant to the terms of an
employment agreement, if any, or otherwise in accordance with applicable law. In
addition, the Company or an affiliate of the Company may at any time terminate
any employment agreement free from any liability or any claim under the Plan or
this Agreement. Nothing in this Agreement shall confer on any person any legal
or equitable right against the Company or any affiliate of the Company, directly
or indirectly, or give rise to any cause of action at law or in equity against
the Company or an affiliate of the Company. The award covering the Shares
granted hereunder shall not form any part of the consideration, compensation of
fees of Participant for purposes of termination indemnities, irrespective of the
reason for termination of any employment. Under no circumstances shall
Participant be entitled to any compensation for any loss of any right or benefit
under the Agreement or Plan which such Participant might otherwise have enjoyed
but for termination of employment, whether such compensation is claimed by way
of damages for breach of contract or otherwise. By entering into this Agreement,
Participant shall participate in the Plan and be deemed to have accepted all the
conditions of the Plan and the terms and conditions of any rules and regulations
adopted by the Committee (as defined in the Plan) and shall be fully bound
thereby.

GOVERNING LAW AND VENUE. This Agreement will be governed by and interpreted in
accordance with laws of the State of Texas without giving effect to any conflict
of laws provisions, with venue in the state or federal courts in Harris County,
Texas. Participant hereby irrevocably consents to personal jurisdiction and
venue in any such court and hereby waives any claim he or she may have that such
court is an inconvenient or improper forum for the

<PAGE>

purposes of any such suit, action or other proceeding. Participant hereby
irrevocably consents to the service of process of any of the aforementioned
courts in any such suit, action or proceeding by the mailing of copies thereof
by registered or certified mail, postage prepaid, to such party at the address
of such party set forth below.

UNENFORCEABILITY. If any provision of this Agreement is or becomes or is deemed
to be invalid, illegal or unenforceable in any jurisdiction or would disqualify
the Agreement under any applicable law, such provision shall be construed or
deemed amended to conform to applicable laws, or if it cannot be so construed or
deemed amended without materially altering the purpose or intent of the Plan or
the Agreement, such provision shall be stricken as to such jurisdiction or the
Agreement, and the remainder of the Agreement shall remain in full force and
effect.

NO TRUST OR FUND CREATED. Neither the Plan nor the Agreement shall create or be
construed to create a trust or separate fund of any kind or a fiduciary
relationship between the Company or any affiliate of the Company and Participant
or any other person.

HEADINGS. Headings are given to the Sections and subsections of the Agreement
solely as a convenience to facilitate reference. Such headings shall not be
deemed in any way material or relevant to the construction or interpretation of
the Agreement or any provision thereof.

         IN WITNESS WHEREOF, the Company and Participant have executed this
Agreement effective as of the date set forth in the first paragraph.

                                     BY:

                                           TERRY E. SWIFT

                                           CHIEF EXECUTIVE OFFICER

                                     PARTICIPANT

                                     BY:

                                     NAME:

                                     ADDRESS:

<PAGE>

                              SWIFT ENERGY COMPANY

                        RESTRICTED STOCK AWARD AGREEMENT

         This RESTRICTED STOCK AWARD AGREEMENT (the "Agreement") is effective as
of the _____ day of _________, 200__ (the "Grant Date"), by and between SWIFT
ENERGY COMPANY, a Texas corporation (the "Company") and ____________________,
individually ("Participant"), in connection with the Participant's future
service as a non-employee director on the Board of Directors of the Company.

A. ANNUAL DIRECTOR AWARD. The Company hereby grants to Participant a restricted
stock award covering ________________ shares (the "Shares") of common stock, par
value $.01 per share, of the Company according to the terms and conditions set
forth herein and in Section 8(d) of the Company's 2005 Stock Compensation Plan
(the "Plan") and shall constitute a Restricted Stock Grant under Section 8 of
the Plan. A copy of the Plan has been furnished or made available to the
Participant.

         Participant hereby acknowledges the opportunity to review the Plan,
Participant's understanding of the terms and provisions of the award and the
Plan, and Participant's understanding that, by his or her signature below,
Participant is agreeing to be bound by all of the terms and provisions of this
award and the Plan.

<PAGE>

B. RESTRICTIONS ON TRANSFER. Unvested Shares may not be transferred, pledged,
alienated, attached or otherwise encumbered, and any purported pledge,
alienation, attachment or encumbrance shall be void and unenforceable against
the Company, and no attempt to transfer unvested Shares, whether voluntary or
involuntary, by operation of law or otherwise, shall vest the purported
transferee with any interest or right in or with respect to such award or
Shares.

C. VESTING. Except as otherwise provided in this Agreement, the Shares shall
vest ratably in three equal installments, one-third (1/3) on the date following
the date of each of the three annual meetings of shareholders following the
Grant Date, unless earlier vested or forfeited pursuant to the terms of Section
D of this Agreement.

D. EARLIER VESTING; FORFEITURE. If Participant's service as a non-employee
director terminates at any time after one year from the Grant Date with the
director in good standing as determined in the sole discretion of the Board,
then all unvested Shares of Participant shall vest immediately. Further, in the
event of death or Disability (as defined in the Plan) of Participant at any
time, all of the Shares shall vest. Notwithstanding the above, if Participant
does not meet the service restriction set forth below in Section E, all shares
shall be forfeited.

E. SERVICE RESTRICTION. Participant must serve continuously as a non-employee
director on the Board of Directors of the Company for one year from the Grant
Date or until the date of the Company's next annual meeting of shareholders,
whichever is shorter.

F. TERMINATION. This Agreement shall terminate immediately if the service
restriction set forth above is not met, with respect to unvested Shares,
immediately without any notice upon determination of the Board as to
Participant's not being in good standing as a director after termination of
Participant's service as a non-employee director for the Company, or with
respect to vested Shares, upon delivery to Participant of such Shares.

G. CERTIFICATES. Participant agrees that the unvested Shares will be issued in
uncertificated form to be held by the Company's transfer agent until such time
as the Shares shall vest pursuant to the terms of this Agreement. After vesting
and upon delivery of written instructions by Participant, the Company shall
cause such vested Shares to be delivered to Participant in accordance with
Participant's written instructions.

H. IRREVOCABLE STOCK POWER. Participant does hereby irrevocably constitute and
appoint the Secretary of the Company as his or her attorney to transfer the
Shares on the books of the Company, with full power of substitution, in the
premises, hereby ratifying and confirming all that said attorney shall lawfully
do by virtue hereof.

I. PLAN PROVISIONS CONTROL. In the event that any provision of the Agreement
conflicts with or is inconsistent in any respect with the terms of the Plan, the
terms of the Plan shall control.

J. NO RIGHT TO RETENTION. The issuance of the Shares shall not be construed as
giving Participant the right to continue to serve as a non-employee director on
the Board of Directors of the Company, nor will it affect in any way the right
of the Board to eliminate such position or remove the Participant from the
Board, pursuant to the Bylaws of the Company or otherwise in accordance with
applicable law, free from any liability or any claim under the Plan or this
Agreement against the Company or any member of the Board. Nothing in this
Agreement shall confer on any person any legal or equitable right against the
Company or any member of the Board, directly or indirectly, or give rise to any
cause of action at law or in equity against the Company or a member of the
Board. The award covering the Shares granted hereunder shall not form any part
of the consideration, compensation of fees of Participant for purposes of
indemnities, irrespective of the reason for removal. Under no circumstances
shall Participant be entitled to any compensation for any loss of any right or
benefit under the Agreement or Plan which such Participant might otherwise have
enjoyed but for removal as a director, whether such compensation is claimed by
way of damages for breach of contract or otherwise. By entering into this
Agreement, Participant shall participate in the Plan and be deemed to have
accepted all the conditions of the Plan and the terms and conditions of any
rules and regulations adopted by the Committee (as defined in the Plan) and
shall be fully bound thereby.

K. GOVERNING LAW AND VENUE. This Agreement will be governed by and interpreted
in accordance with laws of the State of Texas without giving effect to any
conflict of laws provisions, with venue in the state or federal courts in Harris
County, Texas. Participant hereby irrevocably consents to personal jurisdiction
and venue in any such court and hereby waives any claim he or she may have that
such court is an inconvenient or improper

<PAGE>

forum for the purposes of any such suit, action or other proceeding. Participant
hereby irrevocably consents to the service of process of any of the
aforementioned courts in any such suit, action or proceeding by the mailing of
copies thereof by registered or certified mail, postage prepaid, to such party
at the address of such party set forth below.

L. UNENFORCEABILITY. If any provision of this Agreement is or becomes or is
deemed to be invalid, illegal or unenforceable in any jurisdiction or would
disqualify the Agreement under any applicable law, such provision shall be
construed or deemed amended to conform to applicable laws, or if it cannot be so
construed or deemed amended without materially altering the purpose or intent of
the Plan or the Agreement, such provision shall be stricken as to such
jurisdiction or the Agreement, and the remainder of the Agreement shall remain
in full force and effect.

M. NO TRUST OR FUND CREATED. Neither the Plan nor the Agreement shall create or
be construed to create a trust or separate fund of any kind or a fiduciary
relationship between the Company or any affiliate of the Company and Participant
or any other person.

N. HEADINGS. Headings are given to the Sections and subsections of the Agreement
solely as a convenience to facilitate reference. Such headings shall not be
deemed in any way material or relevant to the construction or interpretation of
the Agreement or any provision thereof.

         IN WITNESS WHEREOF, the Company and Participant have executed this
Agreement effective as of the date set forth in the first paragraph.

SWIFT ENERGY COMPANY

BY:

                                 TERRY E. SWIFT

                                 CHIEF EXECUTIVE OFFICER

PARTICIPANT

BY:

NAME:

ADDRESS:

------------------------------

------------------------------

------------------------------

<PAGE>

                              SWIFT ENERGY COMPANY

                        INCENTIVE STOCK OPTION AGREEMENT

         This INCENTIVE STOCK OPTION AGREEMENT (the "Agreement") is effective as
of ___________ ___, 200__ (the "Grant Date"), by and between SWIFT ENERGY
COMPANY, a Texas corporation (the "Company") and ____________________,
individually (the "Optionee"), in connection with the Optionee's employment with
the Company. Except as otherwise defined herein, capitalized terms used in this
Agreement shall have the meanings ascribed to such terms in Company's 2005 Stock
Compensation Plan (the "Plan").

A. GRANT OF OPTIONS. Swift Energy Company (the "Company") hereby grants to
_____________ (the "Optionee") Incentive Stock Options to purchase a total of
_____________ (____) shares (the "Options") of the Company's common stock, par
value of $.01 per share (the "Common Stock"), exercisable at the price and upon
the terms and conditions set forth herein below, and subject to any adjustments
made pursuant to Section 12 of the Plan.

B. VESTING OF OPTIONS. The Options shall be exercisable in installments in
accordance with the following table, except as otherwise provided in the Plan:

         DATE FIRST EXERCISABLE                    NUMBER OF OPTIONS

              _____, 200__

              _____, 200__

              _____, 200__

              _____, 20___

              _____, 20___                                ___

                    TOTAL:

C. EXERCISE PRICE. Each Options shall have an exercise price for the underlying
share of Common Stock of $_____ per share, which is not less than the Fair
Market Value of each share of Common Stock calculated in accordance with Section
2(k) of the Plan. The exercise price is subject to adjustment pursuant to
Section 12 of the Plan.

D. OPTIONS SUBJECT TO PLAN. The Options are granted as Incentive Stock Options
(subject to the $100,000 per calendar year limitations contained in Section 6(j)
of the Plan, as such limit may be changed in accordance with the Internal
Revenue Code, as may be amended from time to time) pursuant to the Company's
2005 Stock Compensation Plan (the "Plan"), and are in all respects subject to
the terms, provisions, conditions and restrictions of the Plan. A copy of the
Plan has been furnished or made available to the Optionee. In the event of any
conflict or inconsistency between this Agreement and the Plan, the Plan shall
control. The Optionee acknowledges that a copy of the Plan has been made
available to Optionee.

E. OPTION TERM. Each Option may be exercised at any time between the date at
which it becomes exercisable pursuant to Section B above and ten years from the
Date of Grant, inclusive of such dates, except in the event of the Optionee's
death, Disability or termination of employment by the Company for any reason.

F. FORFEITURE. Subject to Sections 6(j) and 13 of the Plan, if Optionee's
employment by the Company or any Subsidiary is terminated for any reason other
than retirement, death, Disability or a Change of Control, the Options that are
exercisable immediately prior to the date of such termination shall be
exercisable for the lesser period of three (3) months from the date of such
termination or the balance of the term of the Options. Subject to Section 10(c)
of the Plan, any Options not exercisable immediately prior to such termination
shall be forfeited and extinguished upon such termination.

G. APPROVAL OF COUNSEL REQUIRED FOR ISSUANCE OF COMMON STOCK. No share of Common
Stock shall be issued pursuant to the exercise of the Options unless counsel for
the Company shall be satisfied that such issuance will be in compliance with
applicable Federal and state securities laws.

<PAGE>

H. TRANSFERABILITY. The Options are not assignable or transferable except by
will or the laws of descent and distribution.

I. GOVERNING LAW AND VENUE. This Agreement will be governed by and interpreted
in accordance with laws of the State of Texas without giving effect to any
conflict of laws provisions, with venue in the state or federal courts in Harris
County, Texas. Participant hereby irrevocably consents to personal jurisdiction
and venue in any such court and hereby waives any claim he or she may have that
such court is an inconvenient or improper forum for the purposes of any such
suit, action or other proceeding. Participant hereby irrevocably consents to the
service of process of any of the aforementioned courts in any such suit, action
or proceeding by the mailing of copies thereof by registered or certified mail,
postage prepaid, to such party at the address of such party set forth below.

J. HEADINGS. Headings are given to the sections and subsections of this
Agreement solely as a convenience to facilitate reference. Such headings shall
not be deemed in any way material or relevant to the construction or
interpretation of this Agreement or any provision hereof.

         IN WITNESS WHEREOF, the Company and Optionee have executed this
Agreement effective as of the Grant Date.

SWIFT ENERGY COMPANY

By:
---------------------------------
Terry E. Swift
Chief Executive Officer

OPTIONEE

BY:

NAME:

ADDRESS:
        --------------------------

----------------------------------

<PAGE>

                              SWIFT ENERGY COMPANY

                        INCENTIVE STOCK OPTION AGREEMENT

         This INCENTIVE STOCK OPTION AGREEMENT (the "Agreement") is effective as
of <<Grant_Date>>, (the "Grant Date"), by and between SWIFT ENERGY COMPANY, a
Texas corporation (the "Company") and <<Employee>>, individually (the
"Optionee"), in connection with the Optionee's employment with the Company.
Except as otherwise defined herein, capitalized terms used in this Agreement
shall have the meanings ascribed to such terms in Company's 2005 Stock
Compensation Plan (the "Plan").

A. GRANT OF OPTIONS. The Company hereby grants to Optionee Incentive Stock
Options to purchase a total of <<OptionsWords>> (<<Options>>) shares (the
"Options") of the Company's common stock, par value of $.01 per share (the
"Common Stock"), exercisable at the price and upon the terms and conditions set
forth herein below, and subject to any adjustments made pursuant to Section 12
of the Plan.

B. VESTING OF OPTIONS. The Options shall be exercisable in installments in
accordance with the following table, except as otherwise provided in the Plan:

<TABLE>
<CAPTION>
            DATE FIRST EXERCISABLE                NUMBER OF OPTIONS
               <S>                                <C>
               <<FstVestDt>>                      <<FstVestOpt>>
               <<ScdVestDt>>                      <<ScdVestOpt>>
               <<ThdVestDt>>                      <<ThdVestOpt>>
               <<FthVestDt>>                      <<FthVestOpt>>
              <<FfthVestDt>>                      <<FfthVestOpt>>
</TABLE>

C. EXERCISE PRICE. Each Options shall have an exercise price for the underlying
share of Common Stock of $<<OpPrc>> per share, which is not less than the Fair
Market Value of each share of Common Stock calculated in accordance with Section
2(k) of the Plan. The exercise price is subject to adjustment pursuant to
Section 12 of the Plan.

D. OPTIONS SUBJECT TO PLAN. The Options are granted as Incentive Stock Options
(subject to the $100,000 per calendar year limitations contained in Section 6(j)
of the Plan, as such limit may be changed in accordance with the Internal
Revenue Code, as may be amended from time to time) pursuant to the Company's
2005 Stock Compensation Plan, and are in all respects subject to the terms,
provisions, conditions and restrictions of the Plan. A copy of the Plan has been
furnished or made available to the Optionee. In the event of any conflict or
inconsistency between this Agreement and the Plan, the Plan shall control. The
Optionee acknowledges that a copy of the Plan has been made available to
Optionee.

E. OPTION TERM. Each Option may be exercised at any time between the date at
which it becomes exercisable pursuant to Section B above and ten years from the
Date of Grant, inclusive of such dates, except in the event of the Optionee's
death, Disability or termination of employment by the Company for any reason.

F. FORFEITURE. Subject to Sections 6(j) and 13 of the Plan, if Optionee's
employment by the Company or any Subsidiary is terminated for any reason other
than retirement, death, Disability or a Change of Control, the Options that are
exercisable immediately prior to the date of such termination shall be
exercisable for the lesser period of three (3) months from the date of such
termination or the balance of the term of the Options. Subject to Section 10(c)
of the Plan, any Options not exercisable immediately prior to such termination
shall be forfeited and extinguished upon such termination.

G. APPROVAL OF COUNSEL REQUIRED FOR ISSUANCE OF COMMON STOCK. No share of Common
Stock shall be issued pursuant to the exercise of the Options unless counsel for
the Company shall be satisfied that such issuance will be in compliance with
applicable federal and state securities laws.

<PAGE>

H. TRANSFERABILITY. The Options are not assignable or transferable except by
will or the laws of descent and distribution.

I. GOVERNING LAW AND VENUE. This Agreement will be governed by and interpreted
in accordance with laws of the state of Texas without giving effect to any
conflict of laws provisions, with venue in the state or federal courts in Harris
County, Texas. Participant hereby irrevocably consents to personal jurisdiction
and venue in any such court and hereby waives any claim he or she may have that
such court is an inconvenient or improper forum for the purposes of any such
suit, action or other proceeding. Participant hereby irrevocably consents to the
service of process of any of the aforementioned courts in any such suit, action
or proceeding by the mailing of copies thereof by registered or certified mail,
postage prepaid, to such party at the address of such party set forth below.

J. HEADINGS. Headings are given to the sections and subsections of this
Agreement solely as a convenience to facilitate reference. Such headings shall
not be deemed in any way material or relevant to the construction or
interpretation of this Agreement or any provision hereof.

         IN WITNESS WHEREOF, the Company and Optionee have executed this
Agreement effective as of the Grant Date.

SWIFT ENERGY COMPANY

BY:

                                                      TERRY E. SWIFT

                                                  CHIEF EXECUTIVE OFFICER

PARTICIPANT

BY:

                                                        <<EMPLOYEE>>

ADDRESS:

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

<PAGE>

                              SWIFT ENERGY COMPANY

                        RESTRICTED STOCK AWARD AGREEMENT

         This RESTRICTED STOCK AWARD AGREEMENT (the "Agreement") is effective as
of <<GrantDate>> (the "Grant Date"), by and between SWIFT ENERGY COMPANY, a
Texas corporation (the "Company"), and <<Employee>>, individually
("Participant"), in connection with the Participant's past and future employment
with the Company.

AWARD. The Company hereby grants to Participant a restricted stock award
covering <<NumbShares>> shares (the "Shares") of common stock, par value $.01
per share, of the Company according to the terms and conditions set forth herein
and in Section 8(d) the Company's 2005 Stock Compensation Plan (the "Plan") and
shall constitute a Restricted Stock Grant under Section 8 of the Plan. A copy of
the Plan has been furnished or made available to the Participant.

         Participant hereby acknowledges _____ the opportunity to review the
Plan, _____ Participant's understanding of the terms and provisions of the award
and the Plan, and _____ Participant's understanding that, by his or her
signature below, Participant is agreeing to be bound by all of the terms and
provisions of this award and the Plan.

RESTRICTIONS ON TRANSFER. Unvested Shares may not be transferred, pledged,
alienated, attached or otherwise encumbered, and any purported pledge,
alienation, attachment or encumbrance shall be void and unenforceable against
the Company, and no attempt to transfer unvested Shares, whether voluntary or
involuntary, by operation of law or otherwise, shall vest the purported
transferee with any interest or right in or with respect to such award or
Shares.

VESTING. The award shall vest in installments in accordance with the following
table, except as otherwise provided in the Plan:

<TABLE>
<CAPTION>
                     DATE                    NUMBER OF VESTED SHARES
                <S>                              <C>
               <<FirstVestDate>>                <<FirstVestAmt>>
                <<SecVestDate>>                  <<SecVestAmt>>
                <<ThdVestDate>>                  <<ThdVestAmt>>
</TABLE>

<PAGE>

FORFEITURE. All of Participant's rights to unvested Shares shall be immediately
and irrevocably forfeited if Participant ceases to be an employee of the Company
or any affiliate of the Company, whether or not employment is terminated with or
without cause, unless the Compensation Committee shall determine otherwise. Upon
forfeiture, Participant will no longer have any rights relating to unvested
Shares.

SERVICE RESTRICTION. Participant must be continuously employed by, and an
employee of, the Company or any affiliate of the Company on each vesting date of
the Shares.

TERMINATION. This Agreement shall terminate with respect to unvested Shares
immediately without any notice upon termination of Participant's employment,
with or without cause. This Agreement shall terminate with respect to vested
Shares upon delivery to Participant of such Shares.

CERTIFICATES. Participant agrees that the unvested Shares will be issued in
uncertificated form to be held by the Company's transfer agent until such time
as the Shares shall vest and are delivered to Participant or are forfeited
pursuant to the terms of this Agreement. After vesting and upon delivery of
written instructions by Participant, the Company shall cause such vested Shares
to be delivered to Participant in accordance with Participant's written
instructions.

IRREVOCABLE STOCK POWER. Participant does hereby irrevocably constitute and
appoint the Secretary of the Company as his or her attorney to transfer the
Shares on the books of the Company, with full power of substitution, in the
premises, hereby ratifying and confirming all that said attorney shall lawfully
do by virtue hereof.

PLAN PROVISIONS CONTROL. In the event that any provision of the Agreement
conflicts with or is inconsistent in any respect with the terms of the Plan, the
terms of the Plan shall control.

NO RIGHT TO RETENTION. The issuance of the Shares shall not be construed as
giving Participant the right to be employed or continue to be employed by the
Company or an affiliate of the Company, nor will it affect in any way the right
of the Company or an affiliate of the Company to terminate such employment or
position at any time, with or without cause, pursuant to the terms of an
employment agreement, if any, or otherwise in accordance with applicable law. In
addition, the Company or an affiliate of the Company may at any time terminate
any employment agreement free from any liability or any claim under the Plan or
this Agreement. Nothing in this Agreement shall confer on any person any legal
or equitable right against the Company or any affiliate of the Company, directly
or indirectly, or give rise to any cause of action at law or in equity against
the Company or an affiliate of the Company. The award covering the Shares
granted hereunder shall not form any part of the consideration, compensation of
fees of Participant for purposes of termination indemnities, irrespective of the
reason for termination of any employment. Under no circumstances shall
Participant be entitled to any compensation for any loss of any right or benefit
under the Agreement or Plan which such Participant might otherwise have enjoyed
but for termination of employment, whether such compensation is claimed by way
of damages for breach of contract or otherwise. By entering into this Agreement,
Participant shall participate in the Plan and be deemed to have accepted all the
conditions of the Plan and the terms and conditions of any rules and regulations
adopted by the Committee (as defined in the Plan) and shall be fully bound
thereby.

GOVERNING LAW AND VENUE. This Agreement will be governed by and interpreted in
accordance with laws of the State of Texas without giving effect to any conflict
of laws provisions, with venue in the state or federal courts in Harris County,
Texas. Participant hereby irrevocably consents to personal jurisdiction and
venue in any such court and hereby waives any claim he or she may have that such
court is an inconvenient or improper forum for the purposes of any such suit,
action or other proceeding. Participant hereby irrevocably consents to the
service of process of any of the aforementioned courts in any such suit, action
or proceeding by the mailing of copies thereof by registered or certified mail,
postage prepaid, to such party at the address of such party set forth below.

UNENFORCEABILITY. If any provision of this Agreement is or becomes or is deemed
to be invalid, illegal or unenforceable in any jurisdiction or would disqualify
the Agreement under any applicable law, such provision shall be construed or
deemed amended to conform to applicable laws, or if it cannot be so construed or
deemed amended without materially altering the purpose or intent of the Plan or
the Agreement, such provision shall be stricken as to such jurisdiction or the
Agreement, and the remainder of the Agreement shall remain in full force and
effect.

<PAGE>

NO TRUST OR FUND CREATED. Neither the Plan nor the Agreement shall create or be
construed to create a trust or separate fund of any kind or a fiduciary
relationship between the Company or any affiliate of the Company and Participant
or any other person.

HEADINGS. Headings are given to the Sections and subsections of the Agreement
solely as a convenience to facilitate reference. Such headings shall not be
deemed in any way material or relevant to the construction or interpretation of
the Agreement or any provision thereof.

         IN WITNESS WHEREOF, the Company and Participant have executed this
Agreement effective as of the date set forth in the first paragraph.

                                      SWIFT ENERGY COMPANY

                                      BY:

                                                 TERRY E. SWIFT

                                             CHIEF EXECUTIVE OFFICER

                                      PARTICIPANT

                                      BY:

                                                   <<EMPLOYEE>>

                                      ADDRESS:
                                              ----------------------------------

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