Tidewater Inc. Summary of Director Compensation Arrangements as of December 31, 2018

Summary

Tidewater Inc. outlines compensation for its non-management directors as of December 31, 2018. Directors receive a base annual retainer of $225,000, paid 25% in cash and 75% in restricted stock units. The chair of the board receives an additional $50,000 in cash annually, while chairs of the audit and compensation committees receive $15,000 each, and the chair of the nominating and corporate governance committee receives $5,000. Directors are also reimbursed for reasonable travel and out-of-pocket expenses related to board and committee meetings.

EX-10.15 2 tdw-ex1015_239.htm EX-10.15 tdw-ex1015_239.htm

Exhibit 10.15

Tidewater Inc.

Summary of Director Compensation Arrangements

as of December 31, 2018

For service as a non-management director, compensation is as follows:

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A base annual retainer of $225,000, 25% of which is paid in cash and 75% of which is paid as time-based restricted stock units (with a 15% decrease in the cash portion effective January 1, 2018);

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An additional annual cash retainer of $50,000 for the chair of the board;

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An additional annual cash retainer of $15,000 for the chair of each of the audit committee and the compensation committee and $5,000 for the chair of the nominating and corporate governance committee; and

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Reimbursement of reasonable travel and other out-of-pocket expenses incurred in connection with attendance at meetings of the board of directors and its committees.