Form of AMENDMENT TO THE GM OFFSHORE, INC. EXECUTIVE NONQUALIFIED EXCESS PLAN
THIS AGREEMENT by GM Offshore, Inc., a Delaware corporation (the “Company”),
W I T N E S S E T H:
WHEREAS, the Company previously adopted the Executive Nonqualified Excess Plan (the “Plan”);
WHEREAS, pursuant to Section 14 of the Plan, the Company has the right to amend the Plan; and
WHEREAS, the Company desires to amend the Plan;
NOW,
THEREFORE, effective October 14, 2009, Section 2.5 of the Executive Nonqualified Excess
Plan Plan Document is completely amended and restated to provide as follows:
2.5 “Change in Control Event” means the occurrence of a “Change in Control Event”
within the meaning of section 1.409A-3(i)(5) of the Department of Treasury
regulations with respect to GulfMark Offshore, Inc., a Delaware corporation, or its
successor by merger.
IN WITNESS WHEREOF, the Company has caused its duly authorized officer to execute this
Agreement effective as of October 14, 2009.
| GM OFFSHORE, INC. | ||||||
| By: | ||||||
| Title: | ||||||
| Date: | ||||||
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