Common use of Restricted Stock Unit Account and Dividend Equivalents Clause in Contracts

Restricted Stock Unit Account and Dividend Equivalents. Tidewater will maintain an account (the “Account”) on its books in the name of the Employee. The Account will reflect the number of RSUs awarded to the Employee, as such number may be adjusted under the terms of the Plan and this Agreement, as well as any additional RSUs, cash, or other securities or property credited as a result of dividend equivalents, administered as follows: (a) The Account will be for recordkeeping purposes only, and no assets or other amounts will be set aside from Tidewater’s general assets with respect to such Account. (b) If Tidewater declares a cash dividend or distributes any other securities or property to stockholders between the Date of Grant and the date the RSUs vest and pay out under this Agreement (other than shares of Common Stock), the Employee will be entitled to any cash, securities, or other property (or, in the Committee’s discretion, a cash amount equal to the fair market value of such other securities or property) that would have been received as a dividend or distribution had the Employee’s outstanding RSUs been shares of Common Stock as of the record date for such dividend or distribution. (c) If dividends are declared and paid in the form of shares of Common Stock, then the Employee’s Account will be credited with one additional RSU for each share of Common Stock that would have been received as a dividend had the Employee’s outstanding RSUs been shares of Common Stock as of the record date for such dividend. (d) All cash, any additional RSUs credited via dividend equivalents, and any other securities or property credited to the Employee’s Account will vest and be paid out or be forfeited at the same time and on the same terms as the RSUs to which they relate.

Restricted Stock Unit Account and Dividend Equivalents. Tidewater will shall maintain an account (the “Account”) on its books in the name of the Employee. The Such Account will shall reflect the number of RSUs awarded to the Employee, as such number may be adjusted under the terms of the Plan and this Agreement, as well as any additional RSUs, cash, or other securities or property credited as a result of dividend equivalents, administered as follows: (a) The Account will shall be for recordkeeping purposes only, and no assets or other amounts will shall be set aside from Tidewater’s general assets with respect to such Account. (b) If Tidewater declares a cash dividend dividend, or distributes any other securities or other property are distributed to stockholders stockholders, between the Date of Grant and the date the RSUs vest and pay out under this Agreement (other than shares of Common Stock)Agreement, the Employee Employee’s Account will be entitled to any cash, securities, or other property (or, in the Committee’s discretion, credited with a cash amount equal to the fair market value of such other securities or property) that would have been received as a dividend or distribution had or, at the EmployeeCommittee’s outstanding RSUs been shares of Common Stock as of discretion, the record date for securities or property comprising such dividend or distribution. Any cash amount or securities or other property credited to an Employee’s Account pursuant to this Section 2.1(b) shall vest and be paid to the Employee, or be forfeited, at the same time and on the same terms as the RSUs to which they relate. (c) If dividends are declared and paid in the form of shares of Common StockStock rather than cash, then the Employee’s Account will be credited with one additional RSU for each share of Common Stock that would have been received as a dividend had the Employee’s outstanding RSUs been shares of Common Stock as of the record date for on such dividend. (d) All cash, any date. Such additional RSUs credited via dividend equivalents, and any other securities or property credited to the Employee’s Account will shall vest and be paid out to the Employee, or be forfeited forfeited, at the same time and on the same terms as the RSUs to which they relate.

Restricted Stock Unit Account and Dividend Equivalents. Tidewater will shall maintain an account (the “Account”) on its books in the name of the EmployeeDirector. The Such Account will shall reflect the number of RSUs awarded to the EmployeeDirector, as such number may be adjusted under the terms of the Plan and this Agreement, as well as any additional RSUs, cash, or other securities or property credited as a result of dividend equivalents, administered as follows: (a) The Account will shall be for recordkeeping purposes only, and no assets or other amounts will shall be set aside from Tidewater’s general assets with respect to such Account. (b) If To the extent permitted by the Plan, in the event that Tidewater declares a cash dividend dividend, or distributes any other securities or other property are distributed to stockholders stockholders, between the Date of Grant and the date the RSUs vest and pay out settle under this Agreement (other than shares of Common Stock)Agreement, the Employee Director’s Account will be entitled to any cash, securities, or other property (or, in the Committee’s discretion, credited with a cash amount equal to the fair market value of such other securities or property) that would have been received as a dividend or distribution had or, at the EmployeeCommittee’s outstanding RSUs been shares of Common Stock as of discretion, the record date for securities or property comprising such dividend or distribution. Any cash amount or securities or other property credited to a Director’s Account pursuant to this Section 2.1(b) shall vest and be paid to the Director, or be forfeited, at the same time and on the same terms as the RSUs to which they relate. (c) If To the extent permitted by the Plan, in the event that dividends are declared and paid in the form of shares of Common StockStock rather than cash, then the EmployeeDirector’s Account will be credited with one additional RSU for each share of Common Stock that would have been received as a dividend had the EmployeeDirector’s outstanding RSUs been shares of Common Stock as of the record date for on such dividend. (d) All cash, any date. Such additional RSUs credited via dividend equivalents, and any other securities or property credited to the Employee’s Account will shall vest and be paid out to the Director, or be forfeited forfeited, at the same time and on the same terms as the RSUs to which they relate.

Restricted Stock Unit Account and Dividend Equivalents. Tidewater will maintain an account (the “Account”) on its books in the name of the Employee. The Account will reflect the number of RSUs awarded to the Employee, as such number may be adjusted under the terms of the Plan and this Agreement, as well as any additional RSUs, cash, or other securities or property credited as a result of dividend equivalents, administered as follows: (a) The Account will be for recordkeeping purposes only, and no assets or other amounts will be set aside from Tidewater’s general assets with respect to such Account. (b) If Tidewater declares a cash dividend or distributes any other securities or property to stockholders between the Date of Grant and the date the RSUs vest and pay out under this Agreement (other than shares of Common Stock)Agreement, the Employee will be entitled to any cash, securities, or other property (or, in the Committee’s discretion, a cash amount equal to the fair market value of such other securities or property) that would have been received as a dividend or distribution had the Employee’s outstanding RSUs been shares of Common Stock as of the record date for such dividend or distribution. (c) If dividends are declared and paid in the form of shares of Common Stock, then the Employee’s Account will be credited with one additional RSU for each share of Common Stock that would have been received as a dividend had the Employee’s outstanding RSUs been shares of Common Stock as of the record date for such dividend. (d) All cash, any additional RSUs credited via dividend equivalents, and any other securities or property credited to the Employee’s Account will shall vest and be paid out or be forfeited at the same time and on the same terms as the RSUs to which they relate. (e) In addition, if, pursuant to Section 1.3, the Award Recipient receives a number of shares of Common Stock in excess of the number of RSUs initially granted (the “Additional Shares”), the Employee will be entitled to receive, simultaneous with the issuance of the Additional Shares, all dividends and distributions, whether payable in cash, shares of Common Stock, or other securities or property (or, in the Committee’s discretion, a cash amount equal to the fair market value of such other securities or property) that were payable to stockholders between the Date of Grant and the date the RSUs vest and pay out under this Agreement and that would have been received as a dividend or distribution if the Additional Shares had been shares of Common Stock as of the record date for such dividend or distribution.

Restricted Stock Unit Account and Dividend Equivalents. Tidewater will The Company shall maintain an account (the “Account”) on its books in the name of the EmployeeAward Recipient. The Such Account will shall reflect the number of Performance-Based RSUs awarded to the EmployeeAward Recipient, as such number may be adjusted under the terms of the Plan and this Agreement, as well as any additional RSUs, cash, restricted stock units or other securities or property cash credited as a result of dividend equivalents, administered as follows: (a) The Account will shall be for recordkeeping purposes only, and no assets or other amounts will shall be set aside from Tidewaterthe Company’s general assets with respect to such Account. (b) If Tidewater ISH declares a cash dividend or distributes payable any other securities or property to stockholders time between the Date of Grant and the date immediately preceding the date the Performance-Based RSUs vest and pay out under this Agreement (other than shares of Common Stockthe “Vesting Period”), the Employee will be entitled to Company shall credit the Award Recipient’s Account with the amount of any cash, securities, or other property (or, in the Committee’s discretion, a cash amount equal to the fair market value of such other securities or property) that would have been received as a dividend or distribution had the EmployeeAward Recipient’s outstanding Performance-Based RSUs been shares of Common Stock as of on the applicable record date for such dividend or distributioncash dividend. (c) If dividends are declared and paid in the form of shares of Common StockStock rather than cash, then the EmployeeAward Recipient’s Account will be credited with one additional RSU restricted stock unit for each share of Common Stock that would have been received as a dividend had the EmployeeAward Recipient’s outstanding Performance-Based RSUs been shares of Common Stock as of on the applicable record date for such stock dividend. (d) All cash, such cash and any additional RSUs restricted stock units credited via dividend equivalents, and any other securities or property credited to the Employee’s Account will equivalents shall vest and be paid out or be forfeited at the same time and on the same terms as the Performance-Based RSUs to which they relate. (e) In addition, if, pursuant to Section 1.3(b)(i) or Section 1.4(b)(i), the Award Recipient receives a number of shares of Common Stock in excess of the number of Performance-Based RSUs granted under either such section (the “Additional Shares”), the Award Recipient also shall be entitled to receive, simultaneous with the issuance of the Additional Shares, all dividends and distributions, whether payable in cash or Common Stock, that were payable during the Vesting Period and that the Award Recipient would have received had he owned the Additional Shares on the applicable record date for such dividend or distribution. {N2808585.1} 5

Restricted Stock Unit Account and Dividend Equivalents. Tidewater will maintain an account (the “Account”) on its books in the name of the Employee. The Account will reflect the number of RSUs awarded to the Employee, as such number may be adjusted under the terms of the Plan and this Agreement, as well as any additional RSUs, cash, or other securities or property credited as a result of dividend equivalents, administered as follows: (a) The Account will be for recordkeeping purposes only, and no assets or other amounts will be set aside from Tidewater’s general assets with respect to such Account. (b) If Tidewater declares a cash dividend or distributes any other securities or property to stockholders between the Date of Grant and the date the RSUs vest and pay out under this Agreement (other than shares of Common Stock)Agreement, the Employee will be entitled to any cash, securities, or other property (or, in the Committee’s discretion, a cash amount equal to the fair market value of such other securities or property) that would have been received as a dividend or distribution had the Employee’s outstanding RSUs been shares of Common Stock as of the record date for such dividend or distribution. (c) If dividends are declared and paid in the form of shares of Common Stock, then the Employee’s Account will be credited with one additional RSU for each share of Common Stock that would have been received as a dividend had the Employee’s outstanding RSUs been shares of Common Stock as of the record date for such dividend. (d) All cash, any additional RSUs credited via dividend equivalents, and any other securities or property credited to the Employee’s Account will shall vest and be paid out or be forfeited at the same time and on the same terms as the RSUs to which they relate.

Restricted Stock Unit Account and Dividend Equivalents. Tidewater will shall maintain an account (the “Account”) on its books in the name of the Employee. The Such Account will shall reflect the number of RSUs awarded to the Employee, as such number may be adjusted under the terms of the Plan and this Agreement, as well as any additional RSUs, cash, or other securities or property credited as a result of dividend equivalents, administered as follows: (a) The Account will shall be for recordkeeping purposes only, and no assets or other amounts will shall be set aside from Tidewater’s general assets with respect to such Account. (b) If Tidewater declares a cash dividend or distributes any other securities or property to stockholders between the Date of Grant and the date the RSUs vest and pay out under this Agreement (other than shares of Common Stock)Agreement, the Employee will shall be entitled to any cash, securities, or other property (or, in the Committee’s discretion, a cash amount equal to the fair market value of such other securities or property) that would have been received as a dividend or distribution had the Employee’s outstanding RSUs been shares of Common Stock as of the record date for with respect to which such cash dividend is to paid. Tidewater shall pay any such dividend or distributionequivalents currently to the Employee. (c) If dividends are declared and paid in the form of shares of Common StockStock rather than cash, then the Employee’s Account will be credited with one additional RSU for each share of Common Stock that would have been received as a dividend had the Employee’s outstanding RSUs been shares of Common Stock as of the record date for on such dividend. (d) All cash, any date. Such additional RSUs credited via dividend equivalents, and any other securities or property credited to the Employee’s Account will shall vest and be paid out or be forfeited at the same time and on the same terms as the RSUs to which they relate.

Restricted Stock Unit Account and Dividend Equivalents. Tidewater will The Company shall maintain an account (the “Account”) on its books in the name of the EmployeeAward Recipient. The Such Account will shall reflect the number of RSUs awarded to the EmployeeAward Recipient, as such number may be adjusted under the terms of the Plan and this Agreement, as well as any additional RSUs, cash, RSUs or other securities or property cash credited as a result of dividend equivalents, administered as follows: (a) The Account will shall be for recordkeeping purposes only, and no assets or other amounts will shall be set aside from Tidewaterthe Company’s general assets with respect to such Account. (b) If Tidewater ISC declares a cash dividend or distributes payable any other securities or property to stockholders time between the Date of Grant and the date immediately preceding the date the RSUs vest and pay out under this Agreement (other than shares of Common Stockthe “Vesting Period”), the Employee will be entitled to Company shall credit the Award Recipient’s Account with the amount of any cash, securities, or other property (or, in the Committee’s discretion, a cash amount equal to the fair market value of such other securities or property) that would have been received as a dividend or distribution had the EmployeeAward Recipient’s outstanding RSUs been shares of Common Stock as of on the applicable record date for such dividend or distributioncash dividend. (c) If dividends are declared and paid in the form of shares of Common StockStock rather than cash, then the EmployeeAward Recipient’s Account will be credited with one additional RSU for each share of Common Stock that would have been received as a dividend had the EmployeeAward Recipient’s outstanding RSUs been shares of Common Stock as of on the applicable record date for such stock dividend. (d) All cash, such cash and any additional RSUs credited via dividend equivalents, and any other securities or property credited to the Employee’s Account will equivalents shall vest and be paid out or be forfeited at the same time and on the same terms as the RSUs to which they relate. (e) In addition, if, pursuant to Section 1.4(b)(i) or Section 1.5(b)(i), the Award Recipient receives a number of shares of Common Stock in excess of the number of designated Performance-Based RSUs (the “Additional Shares”), the Award Recipient also shall be entitled to receive, simultaneous with the issuance of the Additional Shares, all dividends and distributions, whether payable in cash or Common Stock, that were payable during the Vesting Period and that the Award Recipient would have received had he owned the Additional Shares on the applicable record date for such dividend or distribution.

Restricted Stock Unit Account and Dividend Equivalents. Tidewater will maintain an account (the “Account”) on its books in the name of the Employee. The Account will reflect the number of RSUs awarded to the Employee, as such number may be adjusted under the terms of the Plan and this Agreement, as well as any additional RSUs, cash, or other securities or property credited as a result of dividend equivalents, administered as follows: (a) The Account will be for recordkeeping purposes only, and no assets or other amounts will be set aside from Tidewater’s general assets with respect to such Account. (b) If To the extent permitted by the Plan, in the event that Tidewater declares a cash dividend or distributes any other securities or property to stockholders between the Date of Grant and the date the RSUs vest and pay out under this Agreement (other than shares of Common Stock), the Employee will be entitled to any cash, securities, or other property (or, in the Committee’s discretion, a cash amount equal to the fair market value of such other securities or property) that would have been received as a dividend or distribution had the Employee’s outstanding RSUs been shares of Common Stock as of the record date for such dividend or distribution. (c) If To the extent permitted by the Plan, in the event that dividends are declared and paid in the form of shares of Common Stock, then the Employee’s Account will be credited with one additional RSU for each share of Common Stock that would have been received as a dividend had the Employee’s outstanding RSUs been shares of Common Stock as of the record date for such dividend. (d) All cash, any additional RSUs credited via dividend equivalents, and any other securities or property Any amounts credited to the Employee’s Account pursuant to this Section 2.1 will vest and be paid out or be forfeited at the same time and on the same terms as the RSUs to which they relate.

Restricted Stock Unit Account and Dividend Equivalents. Tidewater will shall maintain an account (the “Account”) on its books in the name of the EmployeeDirector. The Such Account will shall reflect the number of RSUs awarded to the EmployeeDirector, as such number may be adjusted under the terms of the Plan and this Agreement, as well as any additional RSUs, cash, or other securities or property credited as a result of dividend equivalents, administered as follows: (a) The Account will shall be for recordkeeping purposes only, and no assets or other amounts will shall be set aside from Tidewater’s general assets with respect to such Account. (b) If Tidewater To the extent permitted by the Plan, in the event that Xxxxxxxxx declares a cash dividend dividend, or distributes any other securities or other property are distributed to stockholders stockholders, between the Date of Grant and the date the RSUs vest and pay out settle under this Agreement (other than shares of Common Stock)Agreement, the Employee Director’s Account will be entitled to any cash, securities, or other property (or, in the Committee’s discretion, credited with a cash amount equal to the fair market value of such other securities or property) that would have been received as a dividend or distribution had or, at the EmployeeCommittee’s outstanding RSUs been shares of Common Stock as of discretion, the record date for securities or property comprising such dividend or distribution. Any cash amount or securities or other property credited to a Director’s Account pursuant to this Section 2.1(b) shall vest and be paid to the Director, or be forfeited, at the same time and on the same terms as the RSUs to which they relate. (c) If To the extent permitted by the Plan, in the event that dividends are declared and paid in the form of shares of Common StockStock rather than cash, then the EmployeeDirector’s Account will be credited with one additional RSU for each share of Common Stock that would have been received as a dividend had the EmployeeDirector’s outstanding RSUs been shares of Common Stock as of the record date for on such dividend. (d) All cash, any date. Such additional RSUs credited via dividend equivalents, and any other securities or property credited to the Employee’s Account will shall vest and be paid out to the Director, or be forfeited forfeited, at the same time and on the same terms as the RSUs to which they relate.

Restricted Stock Unit Account and Dividend Equivalents. Tidewater will shall maintain an account (the “Account”) on its books in the name of the Employee. The Such Account will shall reflect the number of RSUs awarded to the Employee, as such number may be adjusted under the terms of the Plan and this Agreement, as well as any additional RSUs, cash, RSUs or other securities or property cash credited as a result of dividend equivalents, administered as follows: (a) The Account will shall be for recordkeeping purposes only, and no assets or other amounts will shall be set aside from Tidewater’s general assets with respect to such Account. (b) If Tidewater declares a cash dividend or distributes payable any other securities or property to stockholders time between the Date of Grant and the date the RSUs vest and pay out under this Agreement (other than shares of Common Stock)Agreement, the Employee will shall be entitled to any cash, securities, or other property (or, in the Committee’s discretion, a cash amount equal to the fair market value of such other securities or property) that would have been received as a dividend or distribution had the Employee’s outstanding RSUs been shares of Common Stock as of the record date for with respect to which such cash dividend is to paid. Tidewater shall pay such dividend or distributionequivalents currently to the Employee on any Time-Based RSUs but shall credit such amount to the Employee’s Account with respect to any such cash dividend equivalents payable on Performance-Based RSUs. (c) If dividends are declared and paid in the form of shares of Common StockStock rather than cash, then the Employee’s Account will be credited with one additional RSU for each share of Common Stock that would have been received as a dividend had the Employee’s outstanding RSUs been shares of Common Stock as of the record date for on such dividenddate. (d) All cash, such cash and any additional RSUs credited via dividend equivalents, and any other securities or property credited to the Employee’s Account will equivalents shall vest and be paid out or be forfeited at the same time and on the same terms as the RSUs to which they relate. (e) In addition, if, under Section 1.4(a)(i), the Performance-Based RSUs pay out a number of shares of Common Stock in excess of the number of Performance-Based RSUs (the “Additional Shares”), the Employee also shall be entitled to receive, simultaneous with the issuance of the Additional Shares, all dividends and distributions, whether payable in cash or Common Stock, that were payable during the Performance Period or prior to the date the Performance-Based RSUs vest and pay out under this Agreement and that the Employee would have received had he or she owned the Additional Shares on such date.

Restricted Stock Unit Account and Dividend Equivalents. Tidewater will shall maintain an account (the “Account”) on its books in the name of the Employee. The Such Account will shall reflect the number of RSUs awarded to the Employee, as such number may be adjusted under the terms of the Plan and this Agreement, as well as any additional RSUs, cash, RSUs or other securities or property cash credited as a result of dividend equivalents, administered as follows: (a) The Account will shall be for recordkeeping purposes only, and no assets or other amounts will shall be set aside from Tidewater’s general assets with respect to such Account. (b) If Tidewater declares a cash dividend or distributes payable any other securities or property to stockholders time between the Date of Grant and the date the RSUs vest and pay out under this Agreement (other than shares of Common Stock)Agreement, the Employee will shall be entitled to any cash, securities, or other property (or, in the Committee’s discretion, a cash amount equal to the fair market value of such other securities or property) that would have been received as a dividend or distribution had the Employee’s outstanding RSUs been shares of Common Stock as of the record date for with respect to which such cash dividend is to paid. Tidewater shall pay such dividend or distributionequivalents currently to the Employee on any Time-Based RSUs but shall credit such amount to the Employee’s Account with respect to any such cash dividend equivalents payable on Performance-Based RSUs. (c) If dividends are declared and paid in the form of shares of Common StockStock rather than cash, then the Employee’s Account will be credited with one additional RSU for each share of Common Stock that would have been received as a dividend had the Employee’s outstanding RSUs been shares of Common Stock as of the record date for on such dividenddate. (d) All cash, such cash and any additional RSUs credited via dividend equivalents, and any other securities or property credited to the Employee’s Account will equivalents shall vest and be paid out or be forfeited at the same time and on the same terms as the RSUs to which they relate. (e) In addition, if, under Section 1.4(a)(i) or 1.5(a)(i), the Performance-Based RSUs pay out a number of shares of Common Stock in excess of the number of Performance-Based RSUs (the “Additional Shares”), the Employee also shall be entitled to receive, simultaneous with the issuance of the Additional Shares, all dividends and distributions, whether payable in cash or Common Stock, that were payable during the Performance Period or prior to the date the Performance-Based RSUs vest and pay out under this Agreement and that the Employee would have received had he or she owned the Additional Shares on such date.

Restricted Stock Unit Account and Dividend Equivalents. Tidewater will ISC shall maintain an account (the “Account”) on its books in the name of the EmployeeAward Recipient. The Such Account will shall reflect the number of RSUs awarded to the EmployeeAward Recipient, as such number may be adjusted under the terms of the Plan and this Agreement, as well as any additional RSUs, cash, RSUs or other securities or property cash credited as a result of dividend equivalents, administered as follows: (a) The Account will shall be for recordkeeping purposes only, and no assets or other amounts will shall be set aside from TidewaterISC’s general assets with respect to such Account. (b) If Tidewater ISC declares a cash dividend or distributes payable any other securities or property to stockholders time between the Date of Grant and the date the RSUs vest and pay out under this Agreement (other than shares Agreement, ISC shall credit the Award Recipient’s Account with the amount of Common Stock), the Employee will be entitled to any cash, securities, or other property (or, in the Committee’s discretion, a cash amount equal to the fair market value of such other securities or property) that would have been received as a dividend or distribution had the EmployeeAward Recipient’s outstanding RSUs been shares of Common Stock as of the record date for with respect to which such cash dividend or distributionis to be paid. (c) If dividends are declared and paid in the form of shares of Common StockStock rather than cash, then the EmployeeAward Recipient’s Account will be credited with one additional RSU for each share of Common Stock that would have been received as a dividend had the EmployeeAward Recipient’s outstanding RSUs been shares of Common Stock as of the record date for on such dividenddate. (d) All cash, such cash and any additional RSUs credited via dividend equivalents, and any other securities or property credited to the Employee’s Account will equivalents shall vest and be paid out or be forfeited at the same time and on the same terms as the RSUs to which they relate. (e) In addition, if, pursuant to Section 1.4(b)(i) or Section 1.5(b)(i), the Award Recipient receives a number of shares of Common Stock in excess of the number of designated Performance-Based RSUs (the “Additional Shares”), the Award Recipient also shall be entitled to receive, simultaneous with the issuance of the Additional Shares, all dividends and distributions, whether payable in cash or Common Stock, that were payable during the period between the Effective Date through the date such Performance-Based RSUs vest and pay out under this Agreement and that the Award Recipient would have received had he owned the Additional Shares on such date.