FOURTH AMENDMENT TO AMENDED AND RESTATED LOAN AGREEMENTLoan Agreement • May 9th, 2012 • Phi Inc • Air transportation, nonscheduled
This FOURTH AMENDMENT TO AMENDED AND RESTATED LOAN AGREEMENT (the “Fourth Amendment”), dated and effective as of March 28, 2012 (the “Effective Date”), is by and among Whitney Bank, a Louisiana state chartered bank, formerly known as Hancock Bank of Louisiana, successor by merger to Whitney National Bank, a national banking association (“Bank”), PHI Inc., formerly named Petroleum Helicopters, Inc. (hereinafter referred to as “PHI”), PHI Air Medical, L.L.C., successor to Air Evac Services, Inc., PHI Tech Services, Inc., formerly named Evangeline Airmotive, Inc., and International Helicopter Transport, Inc., (individually, collectively and interchangeably, the “Subsidiary Guarantors”).
FORM OF AGREEMENT] PERFORMANCE-BASED RESTRICTED STOCK UNIT AGREEMENT under the PHI, INC. LONG-TERM INCENTIVE PLANPerformance-Based Restricted Stock Unit Agreement • May 9th, 2012 • Phi Inc • Air transportation, nonscheduled • Louisiana
This document (referred to below as the “Agreement”) spells out the terms and conditions of the performance-based restricted stock units granted by PHI, Inc., a Louisiana corporation (the “Company”), to the individual employee designated above (the “Employee”) pursuant to the PHI, Inc. Long-Term Incentive Plan (the “Plan”) on and as of the award date designated above. Except as otherwise defined herein, capitalized terms used in this Agreement have the respective meanings set forth in the Plan. The grant of performance-based restricted stock units hereunder is conditioned on the approval of the Plan by the Company’s shareholders at the 2012 annual meeting of shareholders. If the Plan is not approved at the 2012 annual meeting, the grant shall be void and this Agreement shall terminate automatically.
FORM OF AGREEMENT] TIME VESTED RESTRICTED STOCK UNIT AGREEMENT under the PHI, INC. LONG-TERM INCENTIVE PLANRestricted Stock Unit Agreement • May 9th, 2012 • Phi Inc • Air transportation, nonscheduled • Louisiana
This document (referred to below as the “Agreement”) spells out the terms and conditions of the restricted stock units granted by PHI, Inc., a Louisiana corporation (the “Company”), to the individual employee designated above (the “Employee”) pursuant to the PHI, Inc. Long-Term Incentive Plan (the “Plan”) on and as of the award date designated above. Except as otherwise defined herein, capitalized terms used in this Agreement have the respective meanings set forth in the Plan. The grant of restricted stock units hereunder is conditioned on the approval of the Plan by the Company’s shareholders at the 2012 annual meeting of shareholders. If the Plan is not approved at the 2012 annual meeting, the grant shall be void and this Agreement shall terminate automatically.
