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                                  EXHIBIT 10.2

                             CHANCELLOR GROUP, INC.
                              2000 STOCK AWARD PLAN

     1.   PURPOSE OF THE PLAN

          The Chancellor Group, Inc. 2000 Stock Award Plan (the "Plan") is
intended to attract, retain, motivate and reward officers, directors, employees
of, and consultants to Chancellor Group, Inc. (the "Company") and subsidiaries
of the Company, who are and will be contributing to the success of the business
of the Company; to provide competitive incentive compensation opportunities; and
to further opportunities for stock ownership by such employees and consultants
in order to increase their proprietary interest in the Company. It is the
intention of the Company that the Plan comply with the definition of an
"employee benefit plan" contained in Rule 405 under the Securities Act of 1933,
as amended, (the "Act"), and that awards be made only to "employees" as defined
in Rule 405. Accordingly, the Company may from time to time, grant to selected
employees and consultants ("participants") awards ("awards") of shares of common
stock of the Company, $.0001 par value ("Shares"), subject to the terms and
conditions hereinafter provided.

     2.   ADMINISTRATION OF THE PLAN

          This Plan shall be administered by the Board of Directors of the
Company (the "Board"). The Board is authorized to interpret the Plan and may
from time to time adopt such rules and regulations for carrying out the Plan as
it may deem appropriate, including rules and regulations to comply with the
requirements of Rule 16(b)(3) under the Securities Exchange Act of 1934. No
Director shall be eligible to vote or decide upon awards to such Director under
the Plan. Decisions of the Board in connection with the administration of the
Plan shall be final, conclusive, and binding upon all parties, including the
Company, shareholders, employees and consultants.

          Subject to the terms, provisions, and conditions of this Plan as set
forth herein, the Board shall have sole discretion and authority:

          (a)  to select the employees and consultants to be awarded Shares (it
               being understood that more than one award may be granted to the
               same employee or consultant);

          (b)  to determine the number of Shares to be awarded to

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               each recipient;

          (c)  to determine the time or times when the awards may be granted;

          (d)  to prescribe the form of stock legend for the certificates of
               Shares or other instruments, if any, evidencing any awards,
               granted under this Plan, and

          (e)  to cause Shares to be registered on Form S-8 under the Act either
               prior or subsequent to the making of an award.

     3.   SHARES SUBJECT TO THE PLAN

          The aggregate number of Shares which may be awarded under the Plan
shall not exceed 2,000,000 Shares of stock of the Company. Shares to be awarded
under the Plan shall be made available, at the discretion of the Board, either
from the authorized but unissued shares of the Company or from shares of common
stock reacquired by the Company, including shares purchased in the open market.

     4.   ELIGIBILITY

          Shares shall be awarded only to employees (the term "employees" shall
include officers as well as other key employees of the Company, and shall
include directors who are also employees of the Company) of and consultants to
the Company it being the intention of the Company that awards shall be made only
to persons who satisfy the definition of "employee" contained in Rule 405 under
the Act.

     5.   AWARDS AND CERTIFICATES

          Each recipient shall be issued a certificate in respect of Shares
awarded under the Plan. Such certificate shall be registered in the name of the
participant, and shall bear an appropriate restrictive legend on its face,
unless such Shares have been registered under the Act. The Company may register
on Form S-8 under the Act, on behalf of the recipients, Shares issued or to be
issued pursuant to the Plan.

     6.   TERMINATION AND AMENDMENT

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          The Board may amend, suspend, or terminate the Plan at any time
provided that no such modification shall impair the rights of any recipient
under any award.

     7.   MISCELLANEOUS

          (a)  Nothing in the Plan shall require the Company to issue or
               transfer any Shares pursuant to an award if such issuance or
               transfer would, in the opinion of the Board, constitute or result
               in a violation of any applicable statute or regulation of any
               jurisdiction relating to the disposition of securities.

          (b)  Notwithstanding any other provision of the Plan, the Board may at
               any time make or provide for such adjustment to the Plan, to the
               number of Shares available thereunder, or to any awards of Shares
               as it shall deem appropriate, to prevent dilution or enlargement
               of rights, including adjustments in the event of changes in the
               number of outstanding Shares by reason of stock dividends or
               distributions, stock splits or other combinations or subdivisions
               of stock, recapitalization, issuances by reclassification,
               mergers, consolidations, combinations or exchanges of shares,
               separations, reorganizations, liquidations, or other similar
               corporate changes. Anu such determination by the Board shall be
               conclusive.

          (c)  No employee, consultant or other person shall have any claim or
               right to be granted Shares under the Plan, and neither the Plan
               nor any action taken thereunder shall be construed as giving any
               participant, recipient, employee, consultant or other person any
               right to be retained in the employ of or by the Company.

          (d)  Income realized as a result of an award of Shares shall not be
               included in the recipient's earnings for the purpose of any
               benefit plan in which the recipient may be enrolled or for which
               the recipient may become eligible unless otherwise specifically
               provided for in such plan.

          (e)  If and when a recipient is required to pay the Company an amount
               required to be withheld under any federal, state or local income
               tax laws in

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               connection with an award under the Plan, the Board may, in its
               sole discretion and subject to such rules as it may adopt, permit
               the participant to satisfy the obligation, in whole or in part,
               be electing to have the Company withhold Shares having a fair
               market value equal to the amount required to be withheld. The
               election to have Shares withheld must be made on or before the
               date the amount of tax to be withheld is determined.

     8.   EFFECTIVE DATE AND TERM OF THE PLAN

          The effective date of the Plan shall be November 1, 2000 and the Plan
shall remain in full force until December 31, 2003 or until all Shares have been
awarded, whichever first occurs.

INA P. KAGEL<PAGE>

                                                                  EXHIBIT 10.29

                          AMERICAN CRYSTAL SUGAR COMPANY
               BOARD OF DIRECTORS DEFERRED COMPENSATION PLAN

                       SUMMARY OF PRIMARY PROVISIONS
<TABLE>
<CAPTION>
<S>                                     <C>
Effective Date:                          June 30, 1994

Administrator:                           Human Resources Department

Eligibility:                             Board of Directors of American Crystal Sugar
                                         Company

Deferral Amount:                         All Board and Committee fees

Deferral Election:                       In 1994, an irrevocable election prior to the
                                         date fees are to be paid.  In subsequent
                                         calendar years, an irrevocable election prior
                                         to January 1 of the calendar year the fees are
                                         to be paid.

Length of Deferral:                      Option 1--Until withdrawal from the Board.

                                         Option 2--Until retirement from the Board
                                         Member's regular employment or business, but
                                         not beyond age 65.

Earnings Rate:                           In any calendar year, the 5 year Treasury bond
                                         rate in effect on December 31 of the prior
                                         fiscal year as shown in the Wall Street
                                         Journal.  This earnings rate would apply to
                                         the entire calendar year and would be adjusted
                                         each calendar year to reflect any changes in
                                         bond rates.

Deferred Compensation Accounts:          American Crystal Sugar  Company increases each
                                         participant's account for any deferred
                                         compensation and earnings and decreases it for
                                         any distributions.  Accounts are valued each
                                         August 31 and a statement provided to the
                                         participant.

Unsecured Obligations:                   All accounts are a general obligation of
                                         American Crystal Sugar Company.  Payments are
                                         made from general assets.  Participant's
                                         relationship is that of a general unsecured
                                         creditor.
</TABLE>

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                        SUMMARY OF PRIMARY PROVISIONS--CONTINUED
<TABLE>
<CAPTION>
<S>                                     <C>
Payment of Deferred Compensation         Two options are available at the election of
Accounts:                                the participant.

                                         Option 1--Cash in a single sum payment as soon
                                         as practicable following withdrawal from the
                                         Board.

                                         Option 2--In equal installments over a period
                                         of up to 10 years, provided that the Board of
                                         Directors, at its discretion, may elect to
                                         distribute the remaining balance at any time.

                                         Elections must be made prior to January 1 of
                                         the calendar year payment is to commence.

Death of Participant:                    Any unpaid balance will be paid to the
                                         participant's designated beneficiary.
</TABLE>

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