AMENDMENT TO EMPLOYMENT AGREEMENT TROY L. CARSON
Exhibit 10.4
AMENDMENT TO EMPLOYMENT AGREEMENT
XXXX X. XXXXXX
This Amendment to Employment Agreement (this “Amendment”) is made effective as of the
7th day of May, 2010 by and between Hercules Offshore, Inc., a Delaware corporation,
with its principal place of business at 0 Xxxxxxxx Xxxxx, Xxxxx 0000, Xxxxxxx, Xxxxx 00000 (the
“Company”), and Xxxx X. Xxxxxx (“Executive”).
WITNESSETH:
WHEREAS, Executive and the Company entered into an Employment Agreement effective as of
December 15, 2008 (the “Agreement”); and
WHEREAS, Executive and the Company desire to amend the Agreement in certain respects, as
provided herein;
NOW, THEREFORE, in consideration of the mutual promises, covenants and agreements contained
herein and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties agree as follows:
1. Amendment.
The Agreement is hereby amended so that Section 4(b)(i) of the Agreement shall read in its
entirety as follows:
“(i) Base Salary. During the Employment Period, the Executive shall receive an
annual base salary (“Annual Base Salary”), which shall be paid on a monthly basis,
at least equal to twelve times the highest monthly base salary paid or payable to
the Executive by the Company and its Affiliates in respect of the twelve-month
period immediately preceding the month in which the Applicable Date occurs;
provided, further, that, after the Effective Date of the Amendment dated as of May
7, 2010, in no event shall the Annual Base Salary be less than $250,000. During the
Employment Period, the Annual Base Salary shall be reviewed at least once in each
fiscal year of the Company and may be increased at any time and from time to time as
shall be substantially consistent with increases in base salary generally awarded in
the ordinary course of business to other executives of the Company and its
Affiliates.”
2. Full Force and Effect. Except as modified herein, the Employment Agreement shall
continue in full force and effect according to its terms and conditions. This Amendment, when
accepted by you, will become part of the Employment Agreement. In the event of any conflict or
ambiguity between the terms and provisions of this Amendment and the terms and provisions of the
Employment Agreement, the terms and provisions of this Amendment
shall control.
AMENDMENT TO EMPLOYMENT AGREEMENT — Page 1
3. Counterparts. This Amendment may be executed in one or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute one and the same
instrument.
AMENDMENT TO EMPLOYMENT AGREEMENT — Page 2
IN WITNESS WHEREOF, the parties have executed this Amendment, to be effective as of the date
first above written.
| The “COMPANY” HERCULES OFFSHORE, INC. |
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| By: | /s/ Xxxx X. Xxxx | |||
| Name: | Xxxx X. Xxxx | |||
| Title: | Chief Executive Officer and President | |||
| “EXECUTIVE” |
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| /s/ Xxxx X. Xxxxxx | ||||
| Xxxx X. Xxxxxx | ||||
AMENDMENT TO EMPLOYMENT AGREEMENT — Page 3
