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                                                                    EXHIBIT 10.6

                            INDEMNIFICATION AGREEMENT

      This Indemnification Agreement ("Agreement") is made effective as of March
11, 2005 by and between Mariner Energy, Inc., a Delaware corporation (the
"Company"), and the officer or director executing same on the signature page
hereof ("Indemnitee").

                                    RECITALS

      WHEREAS, the bylaws of the Company require indemnification of the officers
and directors of the Company;

      WHEREAS, Indemnitee may also be entitled to indemnification pursuant to
applicable provisions of the Delaware General Corporation Law ("DGCL");

      WHEREAS, the indemnification provisions set forth in the bylaws and the
DGCL are not exclusive, and the Company may enter into contracts between the
Company and members of the Board of Directors of the Company (the "Board") and
officers of the Company with respect to indemnification;

      WHEREAS, the Board has determined that it is reasonable, prudent and
necessary for the Company contractually to obligate itself to indemnify, and to
advance expenses on behalf of, its officers and directors to the fullest extent
permitted by applicable law so that they will serve or continue to serve the
Company free from undue concern that they will not be indemnified;

      WHEREAS, this Agreement is intended to replace any existing
indemnification agreements to which Indemnitee is subject, if any, with respect
to the matters covered herein; and

      WHEREAS, this Agreement is a supplement to and in furtherance of the
bylaws of the Company, which expressly state that the indemnities afforded under
such bylaws are not exclusive, and any resolutions adopted pursuant thereto and
shall not be deemed a substitute therefor, nor diminish or abrogate any rights
of Indemnitee thereunder;

      NOW, THEREFORE, in consideration of the premises and the covenants
contained herein, the Company and Indemnitee do hereby covenant and agree as
follows:

1.    SERVICES TO THE COMPANY. Indemnitee will serve or continue to serve, at
the will of the Company or under separate contract, if such exists, as officer
and/or director of the Company for so long as Indemnitee is duly elected or
appointed and qualified in accordance with the bylaws of the Company or until
Indemnitee tenders his or her resignation. If Indemnitee is an employee at will
of the Company, nothing herein shall change such employee's status as an
employee at will. Nothing in this Section 1

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is intended to modify any provision of any employment agreement entered into
between the Company and the Indemnitee.

2.    DEFINITIONS. As used in this Agreement:

      (a) "Beneficial Owner" shall have the meaning set forth in Rule 13d-3
promulgated under the Exchange Act (as defined below).

      (b) A "Change of Control" shall be deemed to occur upon the earliest to
occur after the date of this Agreement of any of the following events: (i) after
the date hereof, any person or group of affiliates or associated persons
acquires more than 35% of the voting power of the Company; (ii) the consummation
of a sale of all or substantially all of the assets of the Company; (iii) the
dissolution of the Company; or (iv) the consummation of any merger,
consolidation, or reorganization involving the Company in which, immediately
after giving effect to such merger, consolidation or reorganization, less than
51% of the total voting power of outstanding stock of the surviving or resulting
entity is then "beneficially owned" (within the meaning of Rule 13d-3 under the
Securities Exchange Act of 1934, as amended) in the aggregate by the
stockholders of the Company immediately prior to such merger, consolidation or
reorganization. Notwithstanding the foregoing, a Change of Control shall not
result from any initial acquisitions from the Company or the placement agent in
the private placement offering of common stock of the Company made as described
in the confidential Offering Memorandum of the Company dated March 4, 2005,
including acquisitions of shares upon the exercise of any related over-allotment
options.

      (c) "Corporate Status" describes the status of a person who is or was a
director, officer, trustee, general partner, managing member, fiduciary,
employee or agent of the Company or of any other Enterprise (as defined below)
which such person is or was serving at the request of the Company.

      (d) "Disinterested Director" shall mean a director of the Company who is
not and was not a party to the Proceeding (as defined below) in respect of which
indemnification is sought by Indemnitee.

      (e) "Enterprise" shall mean the Company and any other corporation, limited
liability company, partnership, joint venture, trust, employee benefit plan,
organization (whether civil, non-profit or charitable) or other enterprise of
which Indemnitee is or was serving at the request of the Company as a director,
officer, trustee, general partner, managing member, fiduciary, employee or
agent.

      (f) "Exchange Act" shall mean the Securities Exchange Act of 1934, as
amended.

      (g) "Expenses" shall include all reasonable attorneys' fees and costs,
retainers, court costs, transcript costs, fees of experts, witness fees, travel
expenses, duplicating costs, printing and binding costs, telephone charges,
postage, delivery service fees and all other disbursements or expenses of the
type customarily incurred in connection with prosecuting, defending, preparing
to prosecute or defend, investigating,

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being or preparing to be a witness in, or otherwise participating in, a
Proceeding. Expenses also shall include Expenses incurred in connection with any
appeal resulting from any Proceeding, including without limitation the premium,
security for and other costs relating to any cost bond, supersedeas bond or
other appeal bond or its equivalent. Expenses, however, shall not include
amounts paid in settlement by Indemnitee or the amount of judgments, fines or
penalties actually levied against Indemnitee.

      (h) "Independent Counsel" shall mean a law firm, or a member of a law
firm, that is experienced in matters of corporation law and neither presently
is, nor in the past five years has been, retained to represent: (i) the Company
or Indemnitee in any matter material to either such party (other than with
respect to matters concerning Indemnitee under this Agreement, or of other
indemnitees under similar indemnification agreements), or (ii) any other party
to the Proceeding giving rise to a claim for indemnification hereunder.
Notwithstanding the foregoing, the term "Independent Counsel" shall not include
any person who, under the applicable standards of professional conduct then
prevailing, would have a conflict of interest in representing either the Company
or Indemnitee in an action to determine Indemnitee's rights under this
Agreement.

      (i) The term "Person" shall have the meaning set forth in Sections 13(d)
and 14(d) of the Exchange Act; provided, however, that Person shall exclude (i)
the Company, (ii) any trustee or other fiduciary holding securities under an
employee benefit plan of the Company and (iii) any corporation owned, directly
or indirectly, by the stockholders of the Company in substantially the same
proportions as their ownership of stock of the Company.

      (j) The term "Proceeding" shall include any threatened, pending or
completed action, suit, arbitration, alternate dispute resolution mechanism,
investigation, inquiry, administrative hearing or any other actual, threatened
or completed proceeding, whether brought in the right of the Company or
otherwise and whether of a civil, criminal, administrative or investigative
nature, in which Indemnitee was, is or will be involved as a party or otherwise
by reason of the fact that Indemnitee is or was a director, officer, employee or
agent of the Company, by reason of any action taken (or failure to act) by him
or her or of any action (or failure to act) on his or her part while acting as a
director, officer, employee or agent of the Company, or by reason of the fact
that he is or was serving at the request of the Company as a director, officer,
trustee, general partner, managing member, fiduciary, employee or agent of any
other Enterprise, in each case whether or not serving in such capacity at the
time any liability or expense is incurred for which indemnification,
reimbursement or advancement of expenses can be provided under this Agreement.

      (k) References to "fines" shall include any excise tax assessed with
respect to any employee benefit plan; references to "serving at the request of
the Company" shall include any service as a director, officer, employee or agent
of the Company which imposes duties on, or involves services by, such director,
officer, employee or agent with respect to an employee benefit plan, its
participants or beneficiaries; and a person

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who acted in good faith and in a manner he reasonably believed to be in the best
interests of the participants and beneficiaries of an employee benefit plan
shall be deemed to have acted in a manner "not opposed to the best interests of
the Company" as referred to in this Agreement.

3.    INDEMNIFICATION.

      (a) The Company shall indemnify Indemnitee in accordance with the
provisions of this Section 3(a) when Indemnitee is a party or is threatened to
be made a party to or is otherwise involved in any Proceeding (other than a
Proceeding by or in the right of the Company to procure a judgment in its
favor). Pursuant to this Section 3(a), Indemnitee shall be indemnified against
all Expenses, judgments, fines, penalties and amounts paid in settlement
(including all interest, assessments and other charges paid or payable in
connection with or in respect of such Expenses, judgments, fines, penalties and
amounts paid in settlement) actually and reasonably incurred by Indemnitee or on
his behalf in connection with such Proceeding if Indemnitee acted in good faith
and in a manner he reasonably believed to be in or not opposed to the best
interests of the Company, and, in the case of any criminal Proceeding, he had no
reasonable cause to believe his conduct was unlawful.

      (b) The Company shall indemnify Indemnitee in accordance with the
provisions of this Section 3(b) when Indemnitee is a party or is threatened to
be made a party to or is otherwise involved in any Proceeding by or in the right
of the Company to procure a judgment in its favor. Pursuant to this Section
3(b), Indemnitee shall be indemnified against all Expenses actually and
reasonably incurred by Indemnitee or on his behalf in connection with such
Proceeding if Indemnitee acted in good faith and in a manner he reasonably
believed to be in or not opposed to the best interests of the Company. No
indemnification for Expenses shall be made under this Section 3(b) in respect of
any claim, issue or matter as to which Indemnitee shall have been finally
adjudged by a court to be liable to the Company unless and only to the extent
that any court in which the Proceeding was brought shall determine upon
application that, despite the adjudication of liability but in view of all the
circumstances of the case, Indemnitee is fairly and reasonably entitled to
indemnification.

      (c) Any indemnification under subsections (a) and (b) of this Section 3
(unless ordered by a court) shall be made by the Company in accordance with the
procedures set forth in Sections 5 and 6 hereof.

      (d) Notwithstanding any other provisions of this Agreement, to the extent
that Indemnitee is a party to (or a participant in) and is successful, on the
merits or otherwise, in any Proceeding or in defense of any claim, issue or
matter therein, in whole or in part, the Company shall indemnify Indemnitee
against all Expenses actually and reasonably incurred by him or her in
connection therewith. If Indemnitee is not wholly successful in such Proceeding
but is successful, on the merits or otherwise, as to one or more but less than
all claims, issues or matters in such Proceeding, the Company shall indemnify
Indemnitee against all Expenses actually and reasonably incurred by him or her
or on his or her behalf in connection with each successfully

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resolved claim, issue or matter. If Indemnitee is not wholly successful in such
Proceeding, the Company also shall indemnify Indemnitee against all Expenses
reasonably incurred in connection with a claim, issue or matter related to any
claim, issue or matter on which Indemnitee was successful. For purposes of this
Section 3(d) and without limitation, the termination of any claim, issue or
matter in such a Proceeding by dismissal, with or without prejudice, shall be
deemed to be a successful result as to such claim, issue or matter.

      (e) Notwithstanding any limitation in subsections (a), (b) and (c) of this
Section 3, the Company shall indemnify Indemnitee to the fullest extent
permitted by law if Indemnitee is a party to or threatened to be made a party to
any Proceeding (including a Proceeding by or in the right of the Company to
procure a judgment in its favor) against all Expenses, judgments, fines,
penalties and amounts paid in settlement (including all interest, assessments
and other charges paid or payable in connection with or in respect of such
Expenses) actually and reasonably incurred by Indemnitee in connection with the
Proceeding. No indemnity shall be made under this Section 3(e) on account of
Indemnitee's conduct which constitutes a breach of Indemnitee's duty of loyalty
to the Company or its stockholders or is an act or omission not in good faith or
which involves intentional misconduct or a knowing violation of the law. For
purposes of this Section 3(e), the meaning of the phrase "to the fullest extent
permitted by law" shall include, but not be limited to:

            (i) to the fullest extent permitted by the provision of the DGCL
      that authorizes or contemplates additional indemnification by agreement,
      or the corresponding provision of any amendment to or replacement of the
      DGCL; and

            (ii) to the fullest extent authorized or permitted by any amendments
      to or replacements of the DGCL adopted after the date of this Agreement
      that increase the extent to which a corporation may indemnify its officers
      and directors.

      (f) Notwithstanding any other provision of this Agreement, to the extent
that Indemnitee is, by reason of his Corporate Status, a witness in any
Proceeding to which Indemnitee is not a party, he shall be indemnified against
all Expenses actually and reasonably incurred by him or her or on his or her
behalf in connection therewith.

4.    EXCLUSIONS. Notwithstanding any other provision in this Agreement, the
Company shall not be obligated under this Agreement to make any indemnity in
connection with any claim made against Indemnitee:

            (a) for which payment has actually been received by or on behalf of
      Indemnitee under any insurance policy or other indemnity provision, except
      with respect to any excess beyond the amount actually received under any
      insurance policy or other indemnity provision;

            (b) for an accounting of profits made from the purchase and sale (or
      sale and purchase) by Indemnitee of securities of the Company within the

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      meaning of Section 16(b) of the Exchange Act or similar provisions of
      state statutory law or common law; or

            (c) except as otherwise provided in Sections 8(d) and 8(e) hereof,
      prior to a Change of Control, in connection with any Proceeding (or any
      part of any Proceeding) initiated by Indemnitee, including any Proceeding
      (or any part of any Proceeding) initiated by Indemnitee against the
      Company or its directors, officers, employees or other indemnitees, unless
      (i) the Board of Directors of the Company authorized the Proceeding (or
      any part of any Proceeding) prior to its initiation or (ii) the Company
      provides the indemnification, in its sole discretion, pursuant to the
      powers vested in the Company under applicable law.

5.    ADVANCES OF EXPENSES; DEFENSE OF CLAIM.

      (a) Notwithstanding any provision of this Agreement to the contrary, the
Company shall advance the Expenses incurred by Indemnitee or reasonably expected
by Indemnitee to be incurred by Indemnitee within three months in connection
with any Proceeding within ten (10) days after the receipt by the Company of a
statement or statements requesting such advances from time to time, whether
prior to or after final disposition of any Proceeding. Advances shall be
unsecured and interest free. Advances shall be made without regard to
Indemnitee's ability to repay the Expenses and without regard to Indemnitee's
ultimate entitlement to indemnification under the other provisions of this
Agreement. Advances shall include any and all reasonable Expenses incurred
pursuing an action to enforce this right of advancement, including Expenses
incurred preparing and forwarding statements to the Company to support the
advances claimed. Indemnitee shall qualify for advances solely upon the
execution and delivery to the Company of an undertaking providing that
Indemnitee undertakes to repay the advance to the extent that it is ultimately
determined that Indemnitee is not entitled to be indemnified by the Company.
This Section 5(a) shall not apply to any claim made by Indemnitee for which
indemnity is excluded pursuant to Section 4.

      (b) The Company will be entitled to participate in the Proceeding at its
own expense.

      (c) The Company shall not settle any action, claim or Proceeding (in whole
or in part) which would impose any Expense, judgment, fine, penalty or
limitation on Indemnitee without Indemnitee's prior written consent.

6.    PROCEDURE FOR INDEMNIFICATION.

      (a) Within sixty (60) days after the actual receipt by Indemnitee of
notice that he is a party to or a participant (as a witness or otherwise) in any
Proceeding, Indemnitee shall submit to the Company a written notice identifying
the Proceeding. The omission by Indemnitee to notify the Company will not
relieve the Company from any liability which it may have to Indemnitee (i)
otherwise than under this Agreement and (ii) under this Agreement only to the
extent the Company can establish that such omission to notify resulted in actual
prejudice to the Company.

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      (b) Indemnitee shall thereafter deliver to the Company a written
application to indemnify Indemnitee in accordance with this Agreement. Such
application(s) may be delivered from time to time and at such time(s) as
Indemnitee deems appropriate in his or her sole discretion. Following such a
written application for indemnification by Indemnitee, Indemnitee's entitlement
to indemnification shall be determined in accordance with Section 6(c) of this
Agreement.

      (c) Upon written request by Indemnitee for indemnification pursuant to
Section 6(b) hereof, a determination with respect to Indemnitee's entitlement
thereto shall be made in the specific case: (i) by the Board by a majority vote
of a quorum consisting of Disinterested Directors, (ii) if such quorum is not
obtainable or, even if obtainable, if a quorum of Disinterested Directors so
directs, by Independent Counsel in a written opinion to the Board, or (iii) by
the stockholders. The Company will promptly advise Indemnitee in writing with
respect to any determination that Indemnitee is or is not entitled to
indemnification, including a description of any reason or basis for which
indemnification has been denied. If it is so determined that Indemnitee is
entitled to indemnification, payment to Indemnitee shall be made within ten (10)
days after such determination. Indemnitee shall reasonably cooperate with the
person, persons or entity making such determination with respect to Indemnitee's
entitlement to indemnification, including providing to such person, persons or
entity upon reasonable advance request any documentation or information which is
not privileged or otherwise protected from disclosure and which is reasonably
available to Indemnitee and reasonably necessary to such determination. Any
costs or expenses (including attorneys' fees and disbursements) incurred by
Indemnitee in so cooperating with the person, persons or entity making such
determination shall be borne by the Company (irrespective of the determination
as to Indemnitee's entitlement to indemnification) and the Company hereby
indemnifies and agrees to hold Indemnitee harmless therefrom.

      (d) In the event the determination of entitlement to indemnification is to
be made by Independent Counsel pursuant to Section 6(c) hereof, the Independent
Counsel shall be selected as provided in this Section 6(d). If a Change of
Control shall not have occurred, the Independent Counsel shall be selected by
the Board, and the Company shall give written notice to Indemnitee advising him
of the identity of the Independent Counsel so selected. If a Change of Control
shall have occurred, the Independent Counsel shall be selected by Indemnitee
(unless Indemnitee shall request that such selection be made by the Board, in
which event the preceding sentence shall apply), and Indemnitee shall give
written notice to the Company advising it of the identity of the Independent
Counsel so selected. In either event, Indemnitee or the Company, as the case may
be, may, within 10 days after such written notice of selection shall have been
received, deliver to the Company or to Indemnitee, as the case may be, a written
objection to such selection; provided, however, that such objection may be
asserted only on the ground that the Independent Counsel so selected does not
meet the requirements of "Independent Counsel" as defined in Section 2 of this
Agreement, and the objection shall set forth with particularity the factual
basis of such assertion. Absent a proper and timely objection, the person so
selected shall act as Independent Counsel. If such written objection is so made
and substantiated, the Independent Counsel so selected may not serve as
Independent Counsel unless and

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until such objection is withdrawn or a court of competent jurisdiction has
determined that such objection is without merit. If, within 20 days after
submission by Indemnitee of a written request for indemnification pursuant to
Section 6(b) hereof, no Independent Counsel shall have been selected and not
objected to, either the Company or Indemnitee may petition a court of competent
jurisdiction (the "Court") for resolution of any objection which shall have been
made by the Company or Indemnitee to the other's selection of Independent
Counsel and/or for the appointment as Independent Counsel of a person selected
by the Court or by such other person as the Court shall designate, and the
person with respect to whom all objections are so resolved or the person so
appointed shall act as Independent Counsel under Section 6(c) hereof. Upon the
due commencement of any judicial proceeding or arbitration pursuant to Section
8(a) of this Agreement, Independent Counsel shall be discharged and relieved of
any further responsibility in such capacity (subject to the applicable standards
of professional conduct then prevailing).

      (e) The Company agrees to pay the reasonable fees of Independent Counsel
and to fully indemnify such Independent Counsel against any and all Expenses,
claims, liabilities and damages arising out of or relating to this Agreement or
its engagement pursuant hereto.

7.    PRESUMPTIONS AND EFFECT OF CERTAIN PROCEEDINGS.

      (a) In making a determination with respect to entitlement to
indemnification hereunder, the person or persons or entity making such
determination shall presume that Indemnitee is entitled to indemnification under
this Agreement if Indemnitee has submitted a request for indemnification in
accordance with Section 6(b) of this Agreement, and the Company shall have the
burden of proof to overcome that presumption in connection with the making by
any person, persons or entity of any determination contrary to that presumption.
Neither the failure of the Company (including by the Board or Independent
Counsel) to have made a determination prior to the commencement of any action
pursuant to this Agreement that indemnification is proper in the circumstances
because Indemnitee has met the applicable standard of conduct, nor an actual
determination by the Company (including by the Board or Independent Counsel)
that Indemnitee has not met such applicable standard of conduct, shall be a
defense to the action or create a presumption that Indemnitee has not met the
applicable standard of conduct.

      (b) If the person, persons or entity empowered or selected under Section
6(c) of this Agreement to determine whether Indemnitee is entitled to
indemnification shall not have made a determination within thirty (30) days
after receipt by the Company of the request therefor, the requisite
determination of entitlement to indemnification shall be deemed to have been
made and Indemnitee shall be entitled to such indemnification, absent (i) a
misstatement by Indemnitee of a material fact, or an omission of a material fact
necessary to make Indemnitee's statement not materially misleading, in
connection with the request for indemnification or (ii) a prohibition of such
indemnification under applicable law; provided, however, that such 30-day period
shall be extended for a reasonable time, not to exceed an additional thirty (30)
days, if the person, persons or

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entity making the determination with respect to entitlement to indemnification
in good faith requires such additional time for the obtaining or evaluating of
documentation and/or information relating thereto.

      (c) The termination of any Proceeding or of any claim, issue or matter
therein, by judgment, order, settlement or conviction, or upon a plea of nolo
contendere or its equivalent, shall not (except as otherwise expressly provided
in this Agreement) of itself adversely affect the right of Indemnitee to
indemnification or create a presumption that Indemnitee did not act in good
faith and in a manner which he reasonably believed to be in or not opposed to
the best interests of the Company or, with respect to any criminal Proceeding,
that Indemnitee had reasonable cause to believe that his or her conduct was
unlawful.

      (d) For purposes of any determination of good faith, Indemnitee shall be
deemed to have acted in good faith if Indemnitee's action is based on the
records or books of account of the Enterprise, including financial statements,
or on information supplied to Indemnitee by the officers of the Enterprise in
the course of their duties, or on the advice of legal counsel for the Enterprise
or on information or records given or reports made to the Enterprise by an
independent certified public accountant or by an appraiser or other expert
selected by the Enterprise. The provisions of this Section 7(d) shall not be
deemed to be exclusive or to limit in any way the other circumstances in which
Indemnitee may be deemed or found to have met the applicable standard of conduct
set forth in this Agreement.

      (e) The knowledge and/or actions, or failure to act, of any other
director, trustee, partner, managing member, fiduciary, officer, agent or
employee of the Enterprise shall not be imputed to Indemnitee for purposes of
determining the right to indemnification under this Agreement.

8.    REMEDIES OF INDEMNITEE.

      (a) In the event that (i) a determination is made pursuant to Section 6(c)
of this Agreement that Indemnitee is not entitled to indemnification under this
Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 5
of this Agreement, (iii) no determination of entitlement to indemnification
shall have been made pursuant to Section 6(c) of this Agreement within the time
period specified in Section 7(b) of this Agreement, (iv) payment of
indemnification is not made pursuant to Section 3(d), 3(e) or 3(f) or the last
sentence of Section 6(c) of this Agreement within ten (10) days after receipt by
the Company of a written request therefor or (v) payment of indemnification
pursuant to Section 3(a) or Section 3(b) of this Agreement is not made within
ten (10) days after a determination has been made that Indemnitee is entitled to
indemnification, Indemnitee shall be entitled to an adjudication by a court of
his or her entitlement to such indemnification or advancement of Expenses.
Alternatively, Indemnitee, at his or her option, may seek an award in
arbitration to be conducted by a single arbitrator pursuant to the Commercial
Arbitration Rules of the American Arbitration Association. The Company shall not
oppose Indemnitee's right to seek any such adjudication or award in arbitration.

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      (b) In the event that a determination shall have been made pursuant to
Section 6(c) of this Agreement that Indemnitee is not entitled to
indemnification, any judicial proceeding or arbitration commenced pursuant to
this Section 8 shall be conducted in all respects as a de novo trial, or
arbitration, on the merits and Indemnitee shall not be prejudiced by reason of
that adverse determination. In any judicial proceeding or arbitration commenced
pursuant to this Section 8, the Company shall have the burden of proving
Indemnitee is not entitled to indemnification or advancement of Expenses, as the
case may be, and the Company may not refer to or introduce into evidence any
determination pursuant to Section 6(c) of this Agreement adverse to Indemnitee
for any purpose. If Indemnitee commences a judicial proceeding or arbitration
pursuant to this Section 8, Indemnitee shall not be required to reimburse the
Company for any advances pursuant to Section 5 until a final determination is
made with respect to Indemnitee's entitlement to indemnification (as to which
all rights of appeal have been exhausted or lapsed).

      (c) If a determination shall have been made pursuant to Section 6(c) of
this Agreement that Indemnitee is entitled to indemnification, the Company shall
be bound by such determination in any judicial proceeding or arbitration
commenced pursuant to this Section 8, absent (i) a misstatement by Indemnitee of
a material fact, or an omission of a material fact necessary to make
Indemnitee's statement not materially misleading, in connection with the request
for indemnification or (ii) a prohibition of such indemnification under
applicable law.

      (d) The Company shall be precluded from asserting in any judicial
proceeding or arbitration commenced pursuant to this Section 8 that the
procedures and presumptions of this Agreement are not valid, binding and
enforceable and shall stipulate in any such court or before any such arbitrator
that the Company is bound by all the provisions of this Agreement.

      (e) The Company shall indemnify Indemnitee to the fullest extent permitted
by law against all Expenses and, if requested by Indemnitee, shall (within ten
(10) days after the Company's receipt of such written request) advance to
Indemnitee, to the fullest extent permitted by law, such Expenses which are
incurred by Indemnitee in connection with any judicial proceeding or arbitration
brought by Indemnitee (i) to enforce his rights under, or to recover for breach
of, this Agreement or any other agreement or provision of the Company's
certificate of incorporation or bylaws now or hereafter in effect or (ii) for
recovery or advances under any insurance policy maintained by any person for the
benefit of Indemnitee, regardless of whether Indemnitee ultimately is determined
to be entitled to such indemnification, advance or insurance recovery, as the
case may be.

9.    NON-EXCLUSIVITY; SURVIVAL OF RIGHTS; INSURANCE; SUBROGATION.

      (a) The rights of indemnification and to receive advancement of Expenses
as provided by this Agreement shall not be deemed exclusive of any other rights
to which Indemnitee may at any time be entitled under applicable law, the
Company's bylaws, any agreement, a vote of stockholders, a resolution of
directors or otherwise.

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Notwithstanding the foregoing, this Agreement shall amend and restate any
existing indemnification agreement effective as of the date hereof to which
Indemnitee and the Company are parties. No amendment, alteration or repeal of
this Agreement or of any provision hereof shall limit or restrict any right of
Indemnitee under this Agreement in respect of any action taken or omitted by
such Indemnitee in his Corporate Status prior to such amendment, alteration or
repeal. To the extent that a change in Delaware law, whether by statute or
judicial decision, permits greater indemnification or advancement of Expenses
than would be afforded currently under the Company's bylaws and this Agreement,
it is the intent of the parties hereto that Indemnitee shall enjoy by this
Agreement the greater benefits so afforded by such change. No right or remedy
herein conferred is intended to be exclusive of any other right or remedy, and
every other right and remedy shall be cumulative and in addition to every other
right and remedy given hereunder or now or hereafter existing at law, in equity
or otherwise. The assertion or employment of any right or remedy hereunder or
otherwise, shall not prevent the concurrent assertion or employment of any other
right or remedy.

      (b) To the extent that the Company maintains an insurance policy or
policies providing liability insurance for directors, officers, trustees,
partners, managing members, fiduciaries, employees or agents of the Company or
of any other Enterprise which such person serves at the request of the Company,
Indemnitee shall be covered by such policy or policies in accordance with its or
their terms to the maximum extent of the coverage available for any such
director, trustee, partner, managing member, fiduciary, officer, employee or
agent under such policy or policies. If, at the time the Company receives notice
from any source of a Proceeding as to which Indemnitee is a party or a
participant (as a witness or otherwise), the Company has director and officer
liability insurance in effect, the Company shall give prompt notice of such
Proceeding to the insurers in accordance with the procedures set forth in the
respective policies. The Company shall thereafter take all necessary or
desirable action to cause such insurers to pay, on behalf of Indemnitee, all
amounts payable as a result of such Proceeding in accordance with the terms of
such policies.

      (c) In the event of any payment under this Agreement, the Company shall be
subrogated to the extent of such payment to all of the rights of recovery of
Indemnitee, who shall execute all papers required and take all action necessary
to secure such rights, including execution of such documents as are necessary to
enable the Company to bring suit to enforce such rights.

      (d) The Company shall not be liable under this Agreement to make any
payment of amounts otherwise indemnifiable hereunder (or for which advancement
is provided hereunder) if and to the extent that Indemnitee has otherwise
actually received such payment under any insurance policy, contract, agreement
or otherwise.

      (e) The Company's obligation to indemnify or advance Expenses hereunder to
Indemnitee who is or was serving at the request of the Company as a director,
officer, trustee, partner, managing member, fiduciary, employee or agent of any
other Enterprise shall be reduced by any amount Indemnitee has actually received
as indemnification or advancement of expenses from such Enterprise.

                                       11
<PAGE>

10.   DURATION OF AGREEMENT. This Agreement shall continue until and terminate
upon the later of: (a) ten (10) years after the date that Indemnitee shall have
ceased to serve as a director or officer of the Company or as a director,
officer, trustee, partner, managing member, fiduciary, employee or agent of any
other corporation, partnership, joint venture, trust, employee benefit plan or
other enterprise which Indemnitee served at the request of the Company; or (b)
one (1) year after the final termination of any Proceeding (including any rights
of appeal thereto) then pending in respect of which Indemnitee is granted rights
of indemnification or advancement of Expenses hereunder and of any Proceeding
commenced by Indemnitee pursuant to Section 13 of this Agreement relating
thereto (including any rights of appeal of any Section 8 Proceeding).

11.   SEVERABILITY. If any provision or provisions of this Agreement shall be
held to be invalid, illegal or unenforceable for any reason whatsoever: (a) the
validity, legality and enforceability of the remaining provisions of this
Agreement (including, without limitation, each portion of any Section of this
Agreement containing any such provision held to be invalid, illegal or
unenforceable, that is not itself invalid, illegal or unenforceable) shall not
in any way be affected or impaired thereby and shall remain enforceable to the
fullest extent permitted by law; (b) such provision or provisions shall be
deemed reformed to the extent necessary to conform to applicable law and to give
the maximum effect to the intent of the parties hereto; and (c) to the fullest
extent possible, the provisions of this Agreement (including, without
limitation, each portion of any Section of this Agreement containing any such
provision held to be invalid, illegal or unenforceable, that is not itself
invalid, illegal or unenforceable) shall be construed so as to give effect to
the intent manifested thereby.

12.   ENFORCEMENT AND BINDING EFFECT.

      (a) The Company expressly confirms and agrees that it has entered into
this Agreement and assumed the obligations imposed on it hereby in order to
induce Indemnitee to serve as a director or officer of the Company, and the
Company acknowledges that Indemnitee is relying upon this Agreement in serving
as a director or officer of the Company.

      (b) This Agreement constitutes the entire agreement between the parties
hereto with respect to the subject matter hereof and supersedes all prior
agreements and understandings, oral, written and implied, between the parties
hereto with respect to the subject matter hereof.

      (c) The indemnification and advancement of expenses provided by or granted
pursuant to this Agreement shall apply to Indemnitee's service as an officer,
director, employee or agent of the Company prior to the date of this Agreement.

      (d) The indemnification and advancement of expenses provided by or granted
pursuant to this Agreement shall continue as to a person who has ceased to be a
director, officer, employee or agent and shall inure to the benefit of the
heirs, assigns, executors and administrators of such a person.

                                       12
<PAGE>

13.   MODIFICATION AND WAIVER. No supplement, modification or amendment of this
Agreement shall be binding unless executed in writing by the parties hereto. No
waiver of any of the provisions of this Agreement shall be deemed or shall
constitute a waiver of any other provisions of this Agreement nor shall any
waiver constitute a continuing waiver.

14.   NOTICES. All notices, requests, demands and other communications under
this Agreement shall be in writing and shall be deemed to have been duly given
(a) if delivered by hand and receipted for by the party to whom said notice or
other communication shall have been directed or (b) mailed by certified or
registered mail with postage prepaid, on the third business day after the date
on which it is so mailed:

      (a) If to Indemnitee, at the address indicated on the signature page of
this Agreement, or such other address as Indemnitee shall provide in writing to
the Company.

      (b) If to the Company to:

          Mariner Energy, Inc.
          2101 Citywest Blvd., Suite 1900
          Houston, TX 77042
          Attn.: General Counsel

or to any other address as may have been furnished to Indemnitee in writing by
the Company.

15.   CONTRIBUTION. To the fullest extent permissible under applicable law, if
the indemnification provided for in this Agreement is unavailable to Indemnitee
for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee,
shall contribute to the amount incurred by Indemnitee, whether for judgments,
fines, penalties, excise taxes, amounts paid or to be paid in settlement and/or
for Expenses, in connection with any claim relating to an indemnifiable event
under this Agreement, in such proportion as is deemed fair and reasonable in
light of all of the circumstances of such Proceeding in order to reflect: (i)
the relative benefits received by the Company and Indemnitee as a result of the
event(s) and/or transaction(s) giving rise to such Proceeding; and/or (ii) the
relative fault of the Company (and its directors, officers, employees and
agents) and Indemnitee in connection with such event(s) and/or transaction(s).

16.   APPLICABLE LAW. This Agreement and the legal relations among the parties
shall be governed by, and construed and enforced in accordance with, the laws of
the State of Delaware, without regard to its conflict of laws rules.

17.   IDENTICAL COUNTERPARTS. This Agreement may be executed in one or more
counterparts, each of which shall for all purposes be deemed to be an original
but all of which together shall constitute one and the same Agreement. Only one
such counterpart signed by the party against whom enforceability is sought needs
to be produced to evidence the existence of this Agreement.

                                       13
<PAGE>

18.   MISCELLANEOUS. Use of the masculine pronoun shall be deemed to include
usage of the feminine pronoun where appropriate. The headings of the sections
and paragraphs of this Agreement are inserted for convenience only and shall not
be deemed to constitute part of this Agreement or to affect the construction
thereof.

19.   EFFECTIVENESS

This Agreement shall be effective and conditioned upon the consummation of the
initial closing of the private placement offering of common stock of the Company
made as described in the confidential Offering Memorandum of the Company dated
March 4, 2005, which is expected to occur on March 11, 2005.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       14
<PAGE>

      IN WITNESS WHEREOF, the parties have caused this Agreement to be signed as
of the day and year first above written.

COMPANY:                                     INDEMNITEE:

MARINER ENERGY, INC.

By:_____________________________             ___________________________
    Scott D. Josey                           ___________________________
    Chairman of the Board,
    Chief Executive Officer and
    President

                                       15<PAGE>
                                                                    EXHIBIT 10.7

                              MARINER ENERGY, INC.
                              STOCK INCENTIVE PLAN

SECTION 1. PURPOSE OF THE PLAN

     The Mariner Energy, Inc. Stock Incentive Plan (the "Plan") is intended to
promote the interests of Mariner Energy, Inc., a Delaware corporation (the
"Company"), by encouraging Employees and Directors to acquire or increase their
equity interest in the Company and to provide a means whereby they may develop a
sense of proprietorship and personal involvement in the development and
financial success of the Company, and to encourage them to remain with and
devote their best efforts to the business of the Company, thereby advancing the
interests of the Company and its stockholders. The Plan is also contemplated to
enhance the ability of the Company and its Subsidiaries to attract and retain
the services of individuals who are essential for the growth and profitability
of the Company.

SECTION 2. DEFINITIONS

     As used in the Plan, the following terms shall have the meanings set forth
below:

     "Award" shall mean an Option or Restricted Stock.

     "Award Agreement" shall mean any written or electronic agreement, contract,
instrument or document evidencing any Award, which may, but need not, be
executed or acknowledged by a Participant.

     "Board" shall mean the Board of Directors of the Company.

     "Code" shall mean the Internal Revenue Code of 1986, as amended from time
to time, and the rules and regulations thereunder.

     "Committee" shall mean the Board or any committee of the Board designated,
from time to time, by the Board to act as the Committee under the Plan.

     "Director" shall mean any member of the Board who is not an Employee.

     "Employee" shall mean any employee of the Company, a Subsidiary or a Parent
Entity.

     "Exchange Act" shall mean the Securities Exchange Act of 1934, as amended.

     "Fair Market Value" shall mean, as of any applicable date, the last
reported sales price for a Share on the principal securities exchange on which
the Shares are traded on the applicable date as reported by such reporting
service approved by the Committee; provided, however, that if Shares shall not
have been quoted or traded on such applicable date, Fair Market Value shall be
determined based on the next preceding date on which they were quoted or traded,
or, if deemed appropriate by the Committee, in such other manner as it may
determine to be appropriate. In the event the Shares are not publicly traded at
the time a determination of its Fair Market Value is required to be made
hereunder, the determination of Fair Market Value shall be made in good faith by
the Committee.

<PAGE>

     "Incentive Stock Option" or "ISO" shall mean an option granted under
Section 6(a) of the Plan that is intended to qualify as an "incentive stock
option" under Section 422 of the Code or any successor provision thereto.

     "Non-Qualified Stock Option" or "NQO" shall mean an option granted under
Section 6(a) of the Plan that is not intended to be an Incentive Stock Option.

     "Option" shall mean an Incentive Stock Option or a Non-Qualified Stock
Option.

     "Parent Entity" means any entity that owns a majority of the voting power
of the Company, directly or indirectly, except with respect to the grant of an
ISO the term Parent Entity shall mean any "parent corporation" as defined in
Section 424 of the Code.

     "Participant" shall mean any Employee or Director granted an Award under
the Plan.

     "Person" shall mean individual, corporation, partnership, limited liability
company, association, joint-stock company, trust, unincorporated organization,
government or political subdivision thereof or other entity.

     "Restricted Period" shall mean the period established by the Committee with
respect to an Award during which the Award either remains subject to forfeiture
or is not exercisable by the Participant.

     "Restricted Stock" shall mean any Share, prior to the lapse of restrictions
thereon, granted under Section 6(b) of the Plan.

     "Rule 16b-3" shall mean Rule 16b-3 promulgated by the SEC under the
Exchange Act, or any successor rule or regulation thereto as in effect from time
to time.

     "SEC" shall mean the Securities and Exchange Commission, or any successor
thereto.

     "Shares" or "Common Shares" or "Common Stock" shall mean the common stock
of the Company, $.0001 par value, and such other securities or property as may
become the subject of Awards of the Plan.

     "Subsidiary" shall mean any entity (whether a corporation, partnership,
joint venture, limited liability company or other entity) in which the Company
owns a majority of the voting power of the entity directly or indirectly, except
with respect to the grant of an ISO the term Subsidiary shall mean any
"subsidiary corporation" of the Company as defined in Section 424 of the Code.

SECTION 3. ADMINISTRATION.

     The Plan shall be administered by the Committee. A majority of the
Committee shall constitute a quorum, and the acts of the members of the
Committee who are present at any meeting thereof at which a quorum is present,
or acts unanimously approved by the members of the Committee in writing, shall
be the acts of the Committee. Subject to the terms of the Plan and applicable
law, and in addition to other express powers and authorizations conferred on the

                                       -2-

<PAGE>

Committee by the Plan, the Committee shall have full power and authority to: (i)
designate Participants; (ii) determine the type or types of Awards to be granted
to a Participant; (iii) determine the number of Shares to be covered by, or with
respect to which payments, rights, or other matters are to be calculated in
connection with, Awards; (iv) determine the terms and conditions of any Award;
(v) determine whether, to what extent, and under what circumstances Awards may
be settled or exercised in cash, Shares, other securities, other Awards or other
property, or canceled, forfeited, or suspended and the method or methods by
which Awards may be settled, exercised, canceled, forfeited, or suspended; (vi)
interpret and administer the Plan and any instrument or agreement relating to an
Award made under the Plan; (vii) establish, amend, suspend, or waive such rules
and regulations and appoint such agents as it shall deem appropriate for the
proper administration of the Plan; and (viii) make any other determination and
take any other action that the Committee deems necessary or desirable for the
administration of the Plan. Unless otherwise expressly provided in the Plan, all
designations, determinations, interpretations, and other decisions under or with
respect to the Plan or any award shall be within the sole discretion of the
Committee, may be made at any time and shall be final, conclusive, and binding
upon all Persons, including the Company, any Subsidiary, any Parent Entity, any
Participant, any holder or beneficiary of any Award, any stockholder and any
other Person.

SECTION 4. SHARES AVAILABLE FOR AWARDS.

     (a) Shares Available. Subject to adjustment as provided in Section 4(c),
the number of Shares that may be issued with respect to Awards granted under the
Plan shall be 2,000,000. If an Award is forfeited or otherwise lapses, expires,
terminates or is canceled without the actual delivery of Shares, then the Shares
covered by such Award, to the extent of such forfeiture, expiration, lapse,
termination or cancellation, shall again be Shares that may be issued with
respect to Awards granted under the Plan. Shares withheld by the Company to
satisfy tax withholding or exercise price obligations shall not be considered
delivered under the Plan and shall again be available for issuance under future
Awards.

     (b) Sources of Shares Deliverable Under Awards. Any Shares delivered
pursuant to an Award may consist, in whole or in part, of authorized and
unissued Shares or of treasury Shares.

     (c) Adjustments. In the event of a stock dividend or stock split with
respect to Shares, the number of Shares with respect to which Awards may be
granted, the number of Shares subject to outstanding Awards, the grant or
exercise price with respect to outstanding Awards automatically shall be
proportionately adjusted, without action by the Committee, which adjustment will
be evidenced by written addendums to the Plan and Award Agreements prepared by
the Company and, with respect to Options, shall be in accordance with the
Treasury Regulations concerning Incentive Stock Options.

SECTION 5. ELIGIBILITY.

     Any Employee or Director shall be eligible to be designated a Participant
by the Committee.

                                       -3-

<PAGE>

SECTION 6. AWARDS.

     (a) Options. Subject to the provisions of the Plan, the Committee shall
have the authority to determine Participants to whom Options shall be granted,
the number of Shares to be covered by each Option, the purchase price therefor
and the conditions, whether the Option is an ISO or a Non-Qualified Stock
Option, and limitations applicable to the exercise of the Option, including the
following terms and conditions and such additional terms and conditions, as the
Committee shall determine, that are not inconsistent with the provisions of the
Plan.

          (i) Exercise Price. Subject to adjustment pursuant to Section 4(c) of
     the Plan, the purchase price per Share purchasable under an Option shall be
     determined by the Committee at the time the Option is granted, but shall
     not be less than the Fair Market Value per Share on the effective date of
     such grant.

          (ii) Time and Method of Exercise. The Committee shall determine and
     provide in the Award Agreement the time or times at which an Option may be
     exercised in whole or in part, and the method or methods by which, and the
     form or forms (which may include, without limitation, cash, check
     acceptable to the Company, Shares already-owned by the Participant for more
     than six months (unless such holding requirement is waived by the
     Committee), if the Shares are publicly traded, a "cashless-broker" exercise
     through procedures approved by the Company, or any combination thereof, in
     which payment of the exercise price with respect thereto may be made or
     deemed to have been made.

          (iii) Incentive Stock Options. An Incentive Stock Option may be
     granted only to an individual who is an employee of the Company or any
     parent or subsidiary corporation (as defined in section 424 of the Code) at
     the time the Option is granted and must be granted within 10 years from the
     date the Plan was approved by the Board or the shareholders, whichever is
     earlier. To the extent that the aggregate Fair Market Value (determined at
     the time the respective Incentive Stock Option is granted) of Common Stock
     with respect to which Incentive Stock Options are exercisable for the first
     time by an individual during any calendar year under all incentive stock
     option plans of the Company and its parent and subsidiary corporations
     exceeds $100,000, or such Option fails to constitute an Incentive Stock
     Option for any reason, such purported Incentive Stock Options shall be
     treated as Non-Qualified Stock Options. The Committee shall determine, in
     accordance with applicable provisions of the Code, Treasury Regulations and
     other administrative pronouncements, which of a Participant's purported
     Incentive Stock Options do not constitute Incentive Stock Options and shall
     notify the Participant of such determination as soon as reasonably
     practicable after such determination. No Incentive Stock Option shall be
     granted to an individual if, at the time the Option is granted, such
     individual owns stock possessing more than 10% of the total combined voting
     power of all classes of stock of the Company or of its parent or subsidiary
     corporation, within the meaning of section 422(b)(6) of the Code, unless
     (i) at the time such Option is granted the option price is at least 110% of
     the Fair Market Value of the Common Stock subject to the Option and (ii)
     such Option by its terms is not exercisable after the expiration of five
     years from the date of grant. An Incentive Stock Option shall not be
     transferable otherwise than by will or the laws of descent and
     distribution, and

                                       -4-

<PAGE>

     shall be exercisable during the Participant's lifetime only by such
     Participant or the Participant's guardian or legal representative. The
     terms of any Incentive Stock Option granted under the Plan shall comply in
     all respects with the provisions of Section 422 of the Code, or any
     successor provision, and any regulations promulgated thereunder.

     (b) Restricted Stock. Subject to the provisions of the Plan, the Committee
shall have the authority to determine the Participants to whom Restricted Stock
shall be granted, the number of Shares of Restricted Stock to be granted to each
such Participant, the duration of the Restricted Period, the conditions,
including such performance criteria, if any, under which the Restricted Stock
may be forfeited to the Company, and the other terms and conditions of such
Awards.

          (i) Dividends. Dividends paid on Restricted Stock may be paid directly
     to the Participant, may be subject to risk of forfeiture and/or transfer
     restrictions during any period established by the Committee or sequestered
     and held in a bookkeeping cash account (with or without interest) or
     reinvested on an immediate or deferred basis in additional shares of Common
     Stock, which credit or shares may be subject to the same restrictions as
     the underlying Award or such other restrictions, all as determined by the
     Committee in its discretion, as provided in the Award Agreement.

          (ii) Registration. Any Restricted Stock may be evidenced in such
     manner as the Committee shall deem appropriate, including, without
     limitation, book-entry registration or issuance of a stock certificate or
     certificates. In the event any stock certificate is issued in respect of
     Restricted Stock granted under the Plan, such certificate shall be
     registered in the name of the Participant and shall bear an appropriate
     legend referring to the terms, conditions, and restrictions applicable to
     such Restricted Stock.

          (iii) Forfeiture and Restrictions Lapse. Except as otherwise
     determined by the Committee or the terms of the Award Agreement that
     granted the Restricted Stock, upon termination of a Participant's
     employment for any reason during the applicable Restricted Period, all
     Restricted Stock shall be forfeited by the Participant without payment and
     re-acquired by the Company. The Committee may, when it finds that a waiver
     would be in the best interests of the Company, waive in whole or in part
     any or all remaining restrictions with respect to such Participant's
     Restricted Stock, provided, however, if the Award is intended to qualify as
     performance based compensation under Section 162(m) of the Code, such
     waiver may be only upon an event permitted under Section 162(m) of the Code
     or the regulations thereunder. Unrestricted Shares, evidenced in such
     manner as the Committee shall deem appropriate, shall be issued to the
     holder of Restricted Stock promptly after the applicable restrictions have
     lapsed or otherwise been satisfied.

          (iv) Transfer Restrictions. During the Restricted Period, Restricted
     Stock will be subject to such limitations on transfer as necessary to
     comply with Section 83 of the Code.

                                       -5-

<PAGE>

     (c) General.

          (i) Awards May Be Granted Separately or Together. Awards may, in the
     discretion of the Committee, be granted either alone or in addition to, in
     tandem with, any other Award granted under the Plan or any award granted
     under any other plan of the Company or any Parent Entity or Subsidiary.
     Awards granted in addition to or in tandem with other Awards or awards
     granted under any other plan of the Company or any Parent Entity or
     Subsidiary may be granted either at the same time as or at a different time
     from the grant of such other Awards or awards.

          (ii) Limits on Transfer of Awards.

               (A) Except as provided in paragraph (C) below, each Award, and
          each right under any Award, shall be exercisable only by the
          Participant during the Participant's lifetime, or if permissible under
          applicable law, by the Participant's guardian or legal representative
          as determined by the Committee.

               (B) Except as provided in paragraph (C) below, no Award and no
          right under any such Award may be assigned, alienated, pledged,
          attached, sold or otherwise transferred or encumbered by a Participant
          other than by will or by the laws of descent and distribution, and any
          such purported prohibited assignment, alienation, pledge, attachment,
          sale, transfer or encumbrance shall be void and unenforceable against
          the Company or any Parent Entity or Subsidiary.

               (C) To the extent specifically approved in writing by the
          Committee, an Award (other than an Incentive Stock Option) may be
          transferred to immediate family members or related family trusts,
          limited partnerships or similar entities or other Persons on such
          terms and conditions as the Committee may establish or approve in its
          sole discretion.

          (iii) Terms of Awards. The term of each Award shall be for such period
     as may be determined by the Committee, provided the term of an Incentive
     Stock Option shall be limited as provided in Section 6(a)(iii).

          (iv) Share Restrictions. All Shares or other securities of the Company
     or any Subsidiary delivered under the Plan pursuant to any Award or the
     exercise thereof shall be subject to such stop transfer orders and other
     restrictions as the Committee may deem advisable under the Plan or the
     rules, regulations, and other requirements of the SEC, any stock exchange
     upon which such Shares or other securities are then listed, and any
     applicable federal or state laws, and if certificates are issued for the
     Shares, the Committee may cause a legend or legends to be put on any such
     certificates to make appropriate reference to such restrictions.

          (v) Consideration for Grants. Awards may be granted for no cash
     consideration or for such consideration as the Committee determines
     including, without limitation, such minimal cash consideration as may be
     required by applicable law.

                                       -6-

<PAGE>

          (vi) Deliver of Shares or other Securities and Payment by Participant
     of Consideration. No Shares or other securities shall be delivered pursuant
     to any Award until payment in full of any amount required to be paid
     pursuant to the Plan or the applicable Award Agreement (including, without
     limitation, any exercise price or tax withholding) is received by the
     Company. Such payment may be made by such method or methods and in such
     form or forms as the Committee shall determine, including, without
     limitation, cash, Shares, other securities, other Awards or other property,
     withholding of Shares, cashless exercise with simultaneous sale, or any
     combination thereof, provided that the combined value, as determined by the
     Committee, of all cash and cash equivalents and the Fair Market Value of
     any such Shares or other property so tendered to the Company, as of the
     date of such tender, is at least equal to the full amount required to be
     paid pursuant to the Plan or the applicable Award Agreement to the Company.

          (vii) Unusual Transactions or Events. In the event of any distribution
     (whether in the form of cash, Shares, other securities, or other property),
     recapitalization, reorganization, merger, spin-off, split-off, split-up,
     consolidation, combination, repurchase, or exchange of Shares or other
     securities of the Company, or other relevant corporate transaction or event
     or any unusual or nonrecurring transactions or events affecting the Company
     or any affiliate of the Company, and whenever the Committee determines that
     action is appropriate in order to prevent the dilution or enlargement of
     the benefits or potential benefits intended to be made available under the
     Plan or with respect to any Award under the Plan, to facilitate such
     transactions or events, the Committee, in its sole discretion and on such
     terms and conditions as it deems appropriate, may take any one or more of
     the following actions:

               (A) To provide for either (i) the termination of any such Award
          in exchange for an amount of cash, if any, equal to the amount that
          would have been attained upon the exercise of such Award or
          realization of the Participant's rights (and, for the avoidance of
          doubt, if as of the date of the occurrence of such transaction or
          event the Committee determines in good faith that no amount would have
          been attained upon the exercise of such Award or realization of the
          Participant's rights, then such Award may be terminated by the Company
          without payment) or (ii) the replacement of such Award with other
          rights or property selected by the Committee in its sole discretion;

               (B) To provide that such Award be assumed by the successor or
          survivor corporation, or a parent or subsidiary thereof, or shall be
          substituted for by similar options, rights or awards covering the
          stock of the successor or survivor corporation, or a parent or
          subsidiary thereof, with appropriate adjustments as to the number and
          kind of shares and prices;

               (C) To make adjustments in the number and type of shares of
          common Stock (or other securities or property) subject to outstanding
          Awards, and in the number and kind of outstanding Awards and/or in the
          terms and conditions of (including the grant or exercise price), and
          the criteria included in, outstanding Awards and Awards which may be
          granted in the future; and

                                       -7-

<PAGE>

               (D) To provide that such Award shall be exercisable or payable or
          fully vested with respect to all Shares covered thereby,
          notwithstanding anything to the contrary in the Plan or the applicable
          Award Agreement.

SECTION 7. AMENDMENT AND TERMINATION.

     Except to the extent prohibited by applicable law and unless otherwise
expressly provided in an Award Agreement or in the Plan:

          (i) Amendments to the Plan. The Board or the Committee may amend,
     alter, suspend, discontinue, or terminate the Plan without the consent of
     any stockholder, Participant, other holder or beneficiary of an Award, or
     other Person; provided, however, notwithstanding any other provision of the
     Plan or any Award Agreement, without the approval of the stockholders of
     the Company (i) no such amendment, alteration, suspension, discontinuation,
     or termination shall be made that would increase the total number of Shares
     that may be issued under Awards granted under the Plan, except as provided
     in Section 4(c) of the Plan, or (ii) permit the exercise price of any
     outstanding Option that is "underwater" to be reduced or for an
     "underwater" Option to be cancelled and replaced with a new Award; provided
     further, however, no such amendment, alteration, suspension,
     discontinuation, or termination shall materially adversely affect the
     rights of a Participant under an Award without the consent of such
     Participant.

          (ii) Amendments to Awards. Subject to clause (i) above, the Committee
     may waive any conditions or rights under, amend any terms of, or alter any
     Award theretofore granted, provided no change in any Award shall materially
     adversely affect the rights of a Participant under the Award without the
     consent of such Participant. Notwithstanding the foregoing, with respect to
     any Award intended to qualify as performance-based compensation under
     Section 162(m) of the Code, no adjustment other than an acceleration of
     vesting or payment upon the Participant's death, disability or change of
     control of the Company, shall be authorized to the extent such adjustment
     would cause the Award to fail to so qualify.

          (iii) Compliance. Notwithstanding the foregoing, the Committee may
     make any amendment to the Plan or an Award Agreement that it believes
     necessary or helpful to comply with any applicable law, including without
     limitation, Section 409A of the Code.

SECTION 8. GENERAL PROVISIONS.

     (a) No Rights to Awards. No Participant or other Person shall have any
claim to be granted any Award, there is no obligation for uniformity of
treatment of Participants, or holders or beneficiaries of Awards and the terms
and conditions of Awards need not be the same with respect to each recipient.

     (b) No Right to Employment or Retention. The grant of an Award shall not be
construed as giving a Participant the right to be retained in the employ of the
Company or any Parent Entity or Subsidiary or under any other service contract
with the Company or any Parent Entity or Subsidiary, or to remain on the Board.
Further, the Company or a Parent Entity or

                                       -8-

<PAGE>

Subsidiary may at any time dismiss a Participant from employment free from any
liability or any claim under the Plan, unless otherwise expressly provided in
the Plan, in any Award Agreement or any other agreement or contract between the
Company or a Parent Entity or Subsidiary and the affected Participant. If a
Participant's employer was a Parent Entity or Subsidiary and ceases to be a
Parent Entity or Subsidiary, such Participant shall be deemed to have terminated
employment for purposes of the Plan, unless specifically provided otherwise in
the Award Agreement.

     (c) Governing Law. The validity, construction, and effect of the Plan and
any rules and regulations relating to the Plan shall be determined in accordance
with the laws of the State of Delaware and applicable federal law.

     (d) Severability. If any provision of the Plan or any Award is or becomes
or is deemed to be invalid, illegal, or unenforceable in any jurisdiction or as
to any Person or Award, or would disqualify the Plan or any Award under any law
deemed applicable by the Committee, such provision shall be construed or deemed
amended to conform to the applicable laws, or if it cannot be construed or
deemed amended without, in the determination of the Committee, materially
altering the intent of the Plan or the Award, such provision shall be stricken
as to such jurisdiction, Person or Award and the remainder of the Plan and any
such Award shall remain in full force and effect.

     (e) Other Laws. The Committee may refuse to issue or transfer any Shares or
other consideration under an Award, permit the exercise of an Award and/or the
satisfaction of its tax withholding obligation in the manner elected by the
Participant, holder or beneficiary if, acting in its sole discretion, it
determines that the issuance of transfer or such Shares or such other
consideration, the manner of exercise or satisfaction of the tax withholding
obligation might violate any applicable law or regulation, including without
limitation, the Sarbanes-Oxley Act, or entitle the Company to recover the same
under Section 16(b) of the Exchange Act, and any payment tendered to the Company
by a Participant, other holder or beneficiary in connection with the exercise of
such Award shall be promptly refunded or refused, as the case may be, to the
relevant Participant, holder or beneficiary.

     (f) No Trust or Fund Created. Neither the Plan nor the Award shall create
or be construed to create a trust or separate fund of any kind or a fiduciary
relationship between the Company or any Parent Entity or Subsidiary and a
Participant or any other Person. To the extent that any Person acquires a right
to receive payments from the Company or any Parent Entity or Subsidiary pursuant
to an Award, such right shall be no greater than the right of any general
unsecured creditor of the Company or any Parent Entity or Subsidiary.

     (g) No Fractional Shares. No fractional Shares shall be issued or delivered
pursuant to the Plan or any Award, and the Committee shall determine whether
cash, other securities, or other property shall be paid or transferred in lieu
of any fractional Shares or whether such fractional Shares or any rights thereto
shall be cancelled, terminated, or otherwise eliminated.

     (h) Headings. Headings are given to the Section and subsections of the Plan
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 plan or any provision thereof.

                                       -9-

<PAGE>

SECTION 9. EFFECTIVE DATE OF PLAN.

     The Plan shall become effective as of March 11, 2005. No Awards may be made
prior to such effective date.

SECTION 10. TERM OF THE PLAN.

     No Award shall be granted under the Plan after the 10th anniversary of the
earlier of the date this Plan is adopted by the Board or is approved by the
stockholders of the Company. However, unless otherwise expressly provided in the
Plan or in an applicable Award Agreement, any Award granted prior to such
termination, and the authority of the Committee to amend, alter, adjust,
suspend, discontinue, or terminate any such Award or to waive any conditions or
rights under such Award, shall extend beyond such termination date.

                                      -10-

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