Trico Marine Services, Inc. Schedule of Director Compensation Arrangements

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation structure for directors of Trico Marine Services, Inc. It specifies annual cash retainers for various board and committee chair positions, paid quarterly, and discontinues meeting and international travel fees. New directors receive an initial equity award equal to the annual cash retainer, while annual share awards for non-management directors are determined by the Board at the annual shareholders’ meeting.

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EX-10.8 2 h54298exv10w8.htm SCHEDULE OF DIRECTOR COMPENSATION ARRANGEMENTS(1) exv10w8  

EXHIBIT 10.8
SCHEDULE OF DIRECTOR COMPENSATION ARRANGEMENTS
TRICO MARINE SERVICES, INC.
Board and Committee Compensation
Fees:
                 
        Chairman of        
All Directors       Nominating and   Chairman of   Chairman of
Except Chairman   Chairman of Audit   Governance   Compensation   Strategic Committee
$65,000 per year
payable quarterly
  $10,000 per year
payable quarterly 		  $5,000 per year
payable quarterly 		  $5,000 per year
payable quarterly 		  N/A
Meeting fees and international travel fees are discontinued.
Initial Share award for new directors: Equity award shall be granted to new directors with a total equity value equal to the amount of the annual cash retainer then in effect.
Annual Share award: to be determined from time to time by the Board of Directors for award, concurrent with the annual shareholders’ meeting, for all non-management directors.