Amendment No. 4 to the GulfMark Offshore, Inc. 1997 Incentive Equity Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

GulfMark Offshore, Inc. has amended its 1997 Incentive Equity Plan to allow awards to be granted as replacements for awards from a business entity acquired by the company or its affiliates. This amendment was approved by the company's Board of Directors on March 20, 2008. The amendment ensures that the plan can accommodate equity awards for employees or participants from newly acquired businesses.

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EX-10.1 2 exhibit101.htm EXHIBIT 10.1 exhibit101.htm

EXHIBIT A

AMENDMENT NO. 4
TO THE
GULFMARK OFFSHORE, INC.
1997 INCENTIVE EQUITY PLAN


 
Pursuant to the terms and provisions of Article 6 of the GulfMark Offshore, Inc. 1997 Incentive Equity Plan (the “Plan”), GulfMark Offshore, Inc., a Delaware corporation (the “Company”) hereby adopts the following Amendment No. 4 to the Plan (the “Amendment No. 4”).
 

 
ARTICLE I.  AMENDMENTS TO THE PLAN

 
1.01           The last sentence of Section 1.2 of the Plan is amended to read as follows:
 
Awards may also be granted to replace awards under a plan or arrangement of a business entity, all or a portion of which is acquired by the Company or a Related Company.
 

 
ARTICLE II.  ADOPTION OF AMENDMENT

 
2.01.                      Each amendment made by this Amendment No. 4 to the Plan has been effected in conformity with the provisions of the Plan.  This Amendment No. 4 was adopted by the Board of Directors of the Company on March 20, 2008.
 

 
Dated: March 20, 2008
 
 
GulfMark Offshore Inc.
 
 
By:                           /s/ Edward A. Guthrie                                              
Name:                      Edward A. Guthrie
Title:                        Executive Vice President – Finance and Secretary

 

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