June 15, 2009Change-in-Control Agreement • June 18th, 2009 • Global Industries LTD • Oil & gas field services, nec • Texas
Global Industries, Ltd. (the “Company”) considers it essential to the best interest of the Company and its shareholders that its management and key employees be encouraged to remain with the Company and to continue to devote full attention to the Company’s business in the event of a change in control of the Company, whether through a tender offer, a negotiated merger or sale of the Company’s business or otherwise. In this connection, the Company recognizes that the possibility of a change in control and the uncertainty and questions which it may raise among management may result in the departure or distraction of management personnel and key employees to the detriment of the Company and its shareholders. Accordingly, the Company’s Board of Directors (the “Board”) has determined that appropriate steps should be taken to reinforce and encourage the continued attention and dedication of members of the Company’s management, including yourself, to their assigned duties without distraction i
