Amendment No. 1 to the Amended and Restated Petroleum Helicopters, Inc. 1995 Incentive Compensation Plan

Summary

This amendment, effective May 26, 2000, documents a change to the Petroleum Helicopters, Inc. (now PHI, Inc.) 1995 Incentive Compensation Plan. It increases the number of non-voting common stock shares available under the plan by 250,000, bringing the total authorized shares to 750,000. The amendment was approved by the company's board and shareholders and is now formally recorded. The key parties are PHI, Inc. and its shareholders.

EX-10.4 5 h77540exv10w4.htm EX-10.4 exv10w4

EXHIBIT 10.4

AMENDMENT NO. 1 TO THE
AMENDED AND RESTATED
PETROLEUM HELICOPTERS, INC.
1995 INCENTIVE COMPENSATION PLAN

This Amendment No. 1 to the Amended and Restated Petroleum Helicopters, Inc. 1995 Incentive Compensation Plan (the “Plan”) is effective as of May 26, 2000.

WHEREAS, in 2000 the Board of Directors of Petroleum Helicopters, Inc. (now PHI, Inc.) (the “Company”) approved an amendment to the Amended and Restated Petroleum Helicopters, Inc. 1995 Incentive Compensation Plan to increase the number of shares of non-voting common stock available to be issued under the Plan by 250,000 shares (the “Amendment”);

WHEREAS, the shareholders of the Company approved the Amendment at the 2000 annual meeting of shareholders held on May 26, 2000; and

WHEREAS, the Amendment had not been formally documented in writing.

NOW, THEREFORE, the Amendment is hereby documented by amending the first sentence of Section 5.1 of the Plan to read as follows:

Subject to adjustment as provided in Section 10.6, a total of 750,000 shares of Common Stock are authorized to be issued under the Plan, 175,000 shares of which shall be voting Common Stock and 575,000 shares of which shall be non-voting Common Stock.

Executed in Lafayette, Louisiana, this 5th day of November, 2010.


	PHI, INC.
	By:	/s/ Michael J. McCann
		Michael J. McCann
		Chief Financial Officer and Secretary