Exhibit 10.10

 

 

TRICO MARINE SERVICES, INC.

 

Board and Committee Compensation

 

   

All Directors Except
Chairman

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Chairman of the Board

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Chairman of Audit

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Chairman of
Nominating &
Corporate Governance

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Chairman of
Compensation

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Fees:

  $25,000 per year payable quarterly in advance (4 installments of $6,250 each)
  $20,000 per month payable monthly in advance   $20,000 per year payable
quarterly in advance (4 installments of $5,000 each)   $5,000 per year payable
quarterly in advance (4 installments of $1,250 each)   $5,000 per year payable
quarterly in advance (4 installments of $1,250 each)

 

Meeting fees: $1,500 per meeting, including committee meetings and telephonic
attendance

 

Initial Share Grant: 5,000 restricted shares for initial grant on Effective Date
of bankruptcy exit

 

Annual Share/Option Grant: to be determined from time to time by the Board of
Directors for award, concurrent with the annual shareholder’s meeting, for the
Chairman of the Board and the other non-management directors

 

International Travel: international travel to and from board and committee
meetings (for committee members) occurring on or about the same dates will be
compensated as a single additional meeting