0000950129-07-001396 Sample Contracts

NON-QUALIFIED STOCK OPTION AGREEMENT UNDER THE PHI, INC. 1995 INCENTIVE COMPENSATION PLAN
Non-Qualified Stock Option Agreement • March 16th, 2007 • Phi Inc • Air transportation, nonscheduled

WHEREAS Optionee is a key employee of PHI or one of its subsidiaries (collectively, the “Company”) and PHI considers it desirable and in its best interest that Optionee be given an inducement to acquire a proprietary interest in PHI and an incentive to advance the interests of PHI by possessing an option to purchase shares of the voting common stock, $.10 par value per share, of PHI (the “Common Stock”) under the PHI, Inc. 1995 Incentive Compensation Plan (the “Plan”), which was adopted by the Board of Directors of PHI on May 31, 1995, and will be submitted to the shareholders for approval at PHI’s next annual meeting of shareholders;

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ARTICLES OF AGREEMENT Between Petroleum Helicopters, Inc. Office & Professional Employees International Union and its Local 108 Effective June 1, 2001 through May 31, 2004 Revision 7.12.01
Articles of Agreement • March 16th, 2007 • Phi Inc • Air transportation, nonscheduled

This Agreement is entered into between Petroleum Helicopters, Inc., hereinafter called “the Employer,” and Office and Professional Employees International Union, and its Local 108, hereinafter jointly called “the Union” or “the OPEIU.”

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