AWARD AGREEMENT FOR THE GRANT OF RESTRICTED STOCK UNITS UNDER THE TIDEWATER INC. LEGACY GLF MANAGEMENT INCENTIVE PLANAward Agreement • February 28th, 2019 • Tidewater Inc • Water transportation • Texas
THIS AGREEMENT is entered into as of [__________] (the “Date of Grant”) by and between Tidewater Inc., a Delaware corporation (“Tidewater” and, together with its subsidiaries, the “Company”), and the employee specified on the Term Sheet (as defined below and such employee, the “Employee”). Capitalized terms used, but not defined, in this Agreement have the respective meanings provided in the Tidewater Inc. Legacy GLF Management Incentive Plan (the “Plan”).
AWARD AGREEMENT FOR THE GRANT OF RESTRICTED STOCK UNITS UNDER THE TIDEWATER INC. LEGACY GLF MANAGEMENT INCENTIVE PLANAward Agreement • February 28th, 2019 • Tidewater Inc • Water transportation • Delaware
(a)Upon vesting under the terms and conditions of the Plan and this Agreement, each RSU represents the right to receive from Tidewater one share of Common Stock, free of any restrictions, and any amounts, securities, and property notionally credited to the Director’s Account (as defined in Section 2.1) with respect to such RSU.
