Salary Reduction Agreement between James M. Mitchell and GulfMark Offshore, Inc.

Contract Categories: Human Resources › Compensation Agreements
Summary

James M. Mitchell, Executive Vice President and Chief Financial Officer of GulfMark Offshore, Inc., voluntarily agrees to a 10% reduction in his annual base salary, effective from the first full payroll period after March 23, 2015. He confirms that this reduction does not breach any existing agreements with the company. The agreement is acknowledged and accepted by Quintin V. Kneen, President and CEO of GulfMark Offshore, Inc.

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EX-10.2 3 ex10-2.htm EXHIBIT 10.2 ex10-2.htm

Exhibit 10.2

 

 

 

 

March 23, 2015

 

GulfMark Offshore, Inc.

842 West Sam Houston Parkway North

Suite 400

Houston, Texas 77024

 

Dear Sir:

 

I propose and voluntarily agree to a 10% reduction in my annual base salary effective as of the first full payroll period commencing after this date. I agree that this reduction in my annual base salary will not be a breach of any agreements I have with the company.

 

Sincerely,

 

 

/s/ James M. Mitchell                        

James M. Mitchell

EVP and Chief Financial Officer

GulfMark Offshore, Inc.

 

 

Agreed:

 

 

/s/ Quintin V. Kneen                         

Quintin V. Kneen

President and Chief Executive Officer

GulfMark Offshore, Inc.