Fourth Amendment to Second Amended and Restated Hornbeck Offshore Services, Inc. Incentive Compensation Plan

Summary

This amendment, effective June 18, 2015, is made by the Board of Directors of Hornbeck Offshore Services, Inc. It modifies the company's Incentive Compensation Plan by increasing the number of shares of common stock available for awards under the plan by 750,000, raising the total to 4,950,000 shares. All other terms of the plan remain unchanged and in effect. The amendment was approved by the company's stockholders.

EX-10.1 2 ex-101_06182015inccomp.htm EXHIBIT 10.1 ex-101_06182015inccomp

Exhibit 10.1

FOURTH AMENDMENT TO THE

SECOND AMENDED AND RESTATED

HORNBECK OFFSHORE SERVICES, INC.

INCENTIVE COMPENSATION PLAN

This FOURTH AMENDMENT TO THE SECOND AMENDED AND RESTATED HORNBECK OFFSHORE SERVICES, INC. INCENTIVE COMPENSATION PLAN (this "Amendment") is made effective as of the 18th day of June, 2015, by the Board of Directors (the "Board") of Hornbeck Offshore Services, Inc. (the "Company").

WHEREAS, the Company sponsors the Second Amended and Restated Hornbeck Offshore Services, Inc. Incentive Compensation Plan (the "Plan");

WHEREAS, pursuant to Section 13.1 of the Plan, the Board may at any time amend the provisions of the Plan;

WHEREAS, the Company desires to amend the Plan to increase the number of shares of common stock that may be delivered pursuant to awards granted under the Plan; and

WHEREAS, the stockholders of the Company have passed a resolution approving this Amendment;

NOW, THEREFORE, the Board hereby amends the Plan as follows:

1.Section 4.1 shall be amended to increase the number of shares authorized under the Plan by 750,000 by replacing the first sentence with the following:

"The maximum number of shares of Common Stock that may be delivered pursuant to Awards granted under the Plan is 4,950,000 shares."

2. Except as set forth herein and as previously amended, the Plan shall continue in full force and effect.

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