EXHIBIT 10.1
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Summary of Terms and Conditions of
Officer Nonqualified Stock Option Award
June 5, 2018

Effective as of the date hereof (the “Award Date”), Bristow Group Inc. (the
“Company”) hereby grants to you a nonqualified stock option (“Option”) to
purchase the number of Shares of common stock of the Company, $.01 par value
(“Common Stock”), set forth on the website of the Company’s Plan administrator
(your “Option”) and issued in accordance with the Bristow Group Inc. 2007 Long
Term Incentive Plan, as amended (the “Plan”).

Your Option is more fully described below in this Summary of Terms and
Conditions of Officer Nonqualified Stock Option Award (the “Award Terms
Summary”). Any capitalized term used and not defined in this Award Terms Summary
has the meaning set forth in the Plan. In the event there is an inconsistency
between the terms of the Plan and this Award Terms Summary, the terms of the
Plan control.

The price at which you may purchase the Shares of Common Stock covered by your
Option is $_____ per Share (“Exercise Price”) which is the Fair Market Value of
a Share of Common Stock on the Award Date. Your Option will expire on June 5,
2028 (“Expiration Date”), and will become vested ratably and exercisable in
equal installments (the “Number of Shares Exercisable”) on June 5, 2019, June 5,
2020 and June 5, 2021 (each a “Vesting Date”), provided that you have been
continuously employed by the Company from the Award Date through the respective
Vesting Date.
Note that in most circumstances, on the date(s) you exercise your Option, the
difference between the Exercise Price and the Fair Market Value of a Share on
the date of exercise multiplied by the number of Shares you purchase, will be
taxable income to you. You should closely review the Plan Prospectus for
important details about the tax treatment of your Option. Your Option is subject
to the terms and conditions set forth in the enclosed Plan, this Award Terms
Summary, the Prospectus for the Plan, and any rules and regulations adopted by
the Compensation Committee of the Company’s Board of Directors.

This Award Terms Summary, the Plan and any other attachments should be retained
in your files for future reference.

1.Exercise Price
You may purchase the Shares of Common Stock covered by your Option for the
Exercise Price stated in this Award Terms Summary. The Exercise Price of your
Option may not be reduced, except as otherwise provided in Section 5.4 of the
Plan and provided further that any such reduction does not cause your Option to
become subject to Code Section 409A.
2.    Term of Option
Your Option expires on the Expiration Date. However, your Option may terminate
prior to the Expiration Date as provided in Section 6 of this Award Terms
Summary upon the occurrence of one of the events described in that Section.
Regardless of the provisions of Section 6 of this Award Terms Summary, in no
event can your Option be exercised after the Expiration Date.

Bristow Group Inc.
2103 City West Blvd., 4th Floor, Houston, Texas 77042, United States
t (713) 267 7600 f (713) 267 7620 www.bristowgroup.com

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3.    Vesting and Exercisability of Option
(a)    Unless it becomes exercisable on an earlier date as provided in Sections
6 or 7 of this Award Terms Summary, your Option will become vested and
exercisable in installments with respect to the Number of Shares Exercisable on
the respective Vesting Date as set forth herein and on the website of the
Company’s Plan administrator.
(b)    The number of Shares covered by each installment that becomes exercisable
on a Vesting Date will be in addition to the number of Shares which previously
became exercisable.
(c)    To the extent your Option has become vested and exercisable, you may
exercise the Option as to all or any part of the Shares covered by the vested
and exercisable installments of the Option, at any time on or before the earlier
of (i) the Option Expiration Date or (ii) the date your Option terminates under
Section 6 of this Award Terms Summary.
(d)    You may exercise the Option only for whole Shares of Common Stock.
4.    Exercise of Option
Subject to the limitations set forth in this Award Terms Summary and in the
Plan, your Option may be exercised by written or electronic notice provided to
the Company as set forth below. Such notice shall (a) state the number of Shares
of Common Stock with respect to which your Option is being exercised and (b) be
accompanied by such additional documents as the Committee or the Company may
then require. If any law or regulation requires the Company to take any action
with respect to the Shares specified in such notice, the time for delivery
thereof, which would otherwise be as promptly as possible, shall be postponed
for the period of time necessary to take such action. You shall have no rights
of a stockholder with respect to Shares of Common Stock subject to your Option
unless and until such time as your Option has been exercised and ownership of
such Shares of Common Stock has been transferred to you.
As soon as practicable after receipt of notification of exercise and full
payment of the Exercise Price, a certificate representing the number of Shares
purchased under the Option, minus Shares retained to satisfy the Exercise Price
and the applicable tax withholding obligations in accordance with Section 8 of
this Award Terms Summary, will be delivered in street name to your brokerage
account (or, in the event of your death, to a brokerage account in the name of
your beneficiary in accordance with the Plan) or, at the Company’s option, a
certificate for such Shares will be delivered to you (or, in the event of your
death, to your beneficiary in accordance with the Plan).
5.    Satisfaction of Exercise Price
The Company will withhold a number of Shares otherwise deliverable to you on
exercise of your Option in satisfaction of the Exercise Price. The Fair Market
Value of Shares of Common Stock withheld in satisfaction of the Exercise Price
shall be determined in accordance with the Plan on the date agreed to by the
Company in advance of the date of exercise. No fractional Shares of Common Stock
will be withheld in satisfaction of the Exercise Price, and to the extent that
the Shares of Common Stock withheld exceed the Exercise Price, the value of any
excess fractional Share will be paid to you in cash.
6.    Termination of Employment
(a)    General. The following rules apply to your Option in the event of your
death, Disability (as defined below), retirement, or other termination of
employment.

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(1)
Termination of Employment. If your employment terminates for any reason other
than death, Disability or retirement (as those terms are used below), your
Option will expire as to any unvested and not yet exercisable installments of
the Option on the date of the termination of your employment and no additional
installments of your Option will become exercisable, except as otherwise
provided in the Company’s Management Severance Benefits Plan for U.S. Employees
and Management Severance Benefits Plan for Non-U.S. Employees, as applicable.
Your Option will be limited to only the number of Shares of Common Stock which
you were entitled to purchase under the Option on the date of the termination of
your employment and will remain exercisable for that number of Shares for the
earlier of 12 months following the date of your termination of employment or the
Expiration Date.

(2)
Retirement. If your employment terminates no sooner than six months after the
Award Date by reason of retirement under a retirement program of the Company or
one of its subsidiaries approved by the Committee after you have attained age 62
and have completed five continuous years of service or your combined age and
length of service is 80 or above (as determined by the Committee), your Option
will become vested and exercisable as follows. An Option granted more than 12
months prior to your termination date will become fully vested and exercisable
until the Expiration Date. An Option granted less than 12 months prior to your
termination date will be prorated by multiplying the number of Shares subject to
the Option by the ratio of the number of months worked from the Award Date to
your date of termination over twelve. The Option will become vested and
exercisable for the resulting number of Shares until the Expiration Date.

(3)
Death or Disability. If your employment terminates by reason of Disability, your
Option will become 100% vested and fully exercisable as to all of the Shares
covered by the Option and will remain exercisable until the Expiration Date. If
your employment terminates by reason of your death, your Option will become 100%
vested and fully exercisable as to all of the Shares covered by the Option and
will remain exercisable by your beneficiary in accordance with the Plan until
the Expiration Date. For purposes of this Award Terms Summary, Disability shall
have the meaning given that term by the group disability insurance, if any,
maintained by the Company for its employees or otherwise shall mean your
complete inability, with or without a reasonable accommodation, to perform your
duties with the Company on a full-time basis as a result of physical or mental
illness or personal injury you have incurred for more than 12 weeks in any 52
week period, whether consecutive or not, as determined by an independent
physician selected with your approval and the approval of the Company.

(4)
Adjustments by the Committee. The Committee may, in its sole discretion
exercised before or after your termination of employment, declare all or any
portion of your Option immediately exercisable and/or make any other
modification as permitted under the Plan.

(b)    Committee Determinations. The Committee shall have absolute discretion to
determine the date and circumstances of termination of your employment and make
all

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determinations under the Plan, and its determination shall be final, conclusive
and binding upon you.
7.    Change in Control
Notwithstanding any contrary provisions of this Award Terms Summary, upon your
Qualifying Termination (as defined below) that occurs no later than 2 years
after the date of the consummation of a Change in Control (as defined below),
your Option will immediately become 100% vested and fully exercisable as to all
Shares covered by the Option and the Option will remain exercisable until the
Expiration Date. A Change in Control of the Company shall be deemed to have
occurred as of the first day any one or more of the following conditions shall
have been satisfied:
(a)
The acquisition by any individual, entity or group (within the meaning of
Section 13(d)(3) or 14(d)(2) of the Exchange Act) (a “Person”) of beneficial
ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act)
of Shares representing 35% or more of the combined voting power of the then
outstanding voting securities of the Company entitled to vote generally in the
election of directors (the “Outstanding Company Voting Securities”); provided,
however, that for purposes of this clause (a), the following acquisitions shall
not constitute a Change in Control: (i) any acquisition directly from the
Company, (ii) any acquisition by the Company, (iii) any acquisition by any
employee benefit plan (or related trust) sponsored or maintained by the Company
or any corporation or other entity controlled by the Company, or (iv) any
acquisition by any corporation or other entity pursuant to a transaction which
complies with subclauses (i), (ii) and (iii) of clause (c) below; or

(b)
Individuals who, as of the Effective Date of the Plan, are members of the Board
of Directors of the Company (the “Incumbent Board”) cease for any reason to
constitute at least a majority of the Board of Directors of the Company;
provided, however, that for purposes of this clause (b), any individual becoming
a director subsequent to the date hereof whose election, or nomination for
election by the Company’s stockholders, was approved by a vote of at least a
majority of the directors then comprising the Incumbent Board, shall be
considered as though such individual were a member of the Incumbent Board, but
excluding, for this purpose, any such individual whose initial assumption of
office occurs as a result of an actual or threatened election contest with
respect to the election or removal of directors or other actual or threatened
solicitation of proxies or consents by or on behalf of a Person other than the
Board of Directors of the Company; or

(c)
Consummation of a reorganization, merger, conversion or consolidation or sale or
other disposition of all or substantially all of the assets of the Company (a
“Business Combination”), in each case, unless, following such Business
Combination, (i) all or substantially all of the individuals and entities who
were the beneficial owners, respectively, of the Outstanding Company Voting
Securities immediately prior to such Business Combination beneficially own,
directly or indirectly, more than 50% of the then outstanding combined voting
power of the then outstanding voting securities entitled to vote generally in
the election of directors of the corporation or other entity resulting from such
Business Combination (including, without limitation, a corporation or other
entity which as a result of such transaction owns the Company or all or
substantially all of the Company’s assets either directly or through one or more
subsidiaries) in substantially the same proportions as their ownership,
immediately prior to such Business Combination, of the Outstanding

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Company Voting Securities, (ii) no Person (excluding any corporation or other
entity resulting from such Business Combination or any employee benefit plan (or
related trust) of the Company or such corporation or other entity resulting from
such Business Combination) beneficially owns, directly or indirectly, 35% or
more of the combined voting power of the then outstanding voting securities of
the corporation or other entity resulting from such Business Combination except
to the extent that such ownership existed prior to the Business Combination, and
(iii) at least a majority of the members of the board of directors of the
corporation or other entity resulting from such Business Combination were
members of the Incumbent Board at the time of the execution of the initial
agreement, or of the action of the Board of Directors of the Company, providing
for such Business Combination; or
(d)
Approval by the stockholders of the Company of a complete liquidation or
dissolution of the Company other than in connection with the transfer of all or
substantially all of the assets of the Company to an affiliate or a Subsidiary
of the Company.

A “Qualifying Termination” means your (i) involuntary termination by the Company
or its affiliates without Cause or (ii) retirement under a retirement program of
the Company or one of its subsidiaries approved by the Committee after you have
attained age 62 and have completed five continuous years of service or your
combined age and length of service is 80 or above (in either case as determined
by the Committee). “Cause” means your (i) willful failure to substantially
perform the duties assigned to you by the Board or by your supervisor, other
than any such failure resulting from incapacity due to physical or mental
illness; (ii) commission of malfeasance, fraud, or dishonesty, or your willful
and material violation of Company policies; (iii) indictment or formal charge
for, and subsequent conviction of, or plea of guilty or nolo contendere to, a
felony, or a misdemeanor involving moral turpitude; or (iv) material breach of
any agreement with the Company or its affiliates. “Cause” shall not include your
refusal to accept the relocation of your job to a location more than (A) fifty
(50) miles from your then current work location or (B) the distance for moves
specified from time to time by the Internal Revenue Service as the “distance
test” for deductibility of moving expenses, whichever distance is greater.
8.    Tax Consequences and Income Tax Withholding
(a)    You should review the Bristow Group Inc. 2007 Long Term Incentive Plan
Prospectus for a general summary of the federal income tax consequences of your
receipt of this Option based on currently applicable provisions of the Code and
related regulations. The summary does not discuss state and local tax laws or
the laws of any other jurisdiction, which may differ from U.S. federal tax law.
Neither the Company nor the Committee guarantees the tax consequences of your
Incentive Award herein. You are advised to consult your own tax advisor
regarding the application of the tax laws to your particular situation.
(b)    The Option is not intended to be an “incentive stock option,” as defined
in Section 422 of the Code.
(c)    This Award Terms Summary is subject to satisfaction of any applicable
federal, state or local withholding tax liability arising from the grant or
exercise of your Option. The Company shall retain Shares of Common Stock having
a Fair Market Value on the date tax is determined equal to the amount of your
minimum statutory withholding tax liability from the Shares otherwise
deliverable to you upon the exercise of your Option. No fractional Shares of
Common Stock will be withheld in satisfaction of the minimum statutory
withholding tax liability, and to the extent that

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the Shares of Common Stock withheld exceed the minimum statutory withholding tax
liability, the value of any excess fractional Share will be paid to you in cash.
(d)    In addition, you must make arrangements satisfactory to the Committee to
satisfy any applicable withholding tax liability imposed under the laws of any
other jurisdiction arising from your Incentive Award hereunder. You may not
elect to have the Company withhold Shares having a value in excess of the
minimum withholding tax liability under local law. If you fail to satisfy such
withholding obligation in a time and manner satisfactory to the Committee, no
Shares will be issued to you or the Company shall have the right to withhold the
required amount from your salary or other amounts payable to you prior to the
delivery of the Common Stock to you.
9.    Restrictions on Resale
There are no restrictions imposed by the Plan on the resale of Shares of Common
Stock acquired under the Plan. However, under the provisions of the Securities
Act of 1933 (the “Securities Act”) and the rules and regulations of the
Securities and Exchange Commission (the “SEC”), resales of Shares acquired under
the Plan by certain officers and directors of the Company who may be deemed to
be “affiliates” of the Company must be made pursuant to an appropriate effective
registration statement filed with the SEC, pursuant to the provisions of Rule
144 issued under the Securities Act, or pursuant to another exemption from
registration provided in the Securities Act. At the present time, the Company
does not have a currently effective registration statement pursuant to which
such resales may be made by affiliates. There are no restrictions imposed by the
SEC on the resale of Shares acquired under the Plan by persons who are not
affiliates of the Company; provided, however, that all employees, this Award
Terms Summary and your Option and its exercise hereunder are subject to the
Company’s policies against insider trading (including black-out periods during
which no sales are permitted), and to other restrictions on resale that may be
imposed by the Company from time to time if it determines said restrictions are
necessary or advisable to comply with applicable law.
10.    Effect on Other Benefits
Income recognized by you as a result of the issuance of your Option or the
exercise of your Option or sale of Common Stock will not be included in the
formula for calculating benefits under any of the Company’s retirement and
disability plans or any other benefit plans.
11.    Compliance with Laws
This Award Terms Summary and any Common Stock that may be issued hereunder shall
be subject to all applicable federal and state laws and the rules of the
exchange on which Shares of the Company’s Common stock are traded. The Plan and
this Award Terms Summary shall be interpreted, construed and constructed in
accordance with the laws of the State of Delaware and without regard to its
conflicts of law provisions, except as may be superseded by applicable laws of
the United States.
12.    Clawback Policy
To the extent applicable to you, all or any portion of your Option may be
subject to forfeiture, and all or any portion of the proceeds of the exercise of
the Option may be subject to recoupment or repayment, pursuant to the Financial
Clawback Policy or other Clawback Policy established or adopted by the Company’s
Board of Directors from time to time as described in the Company’s Corporate
Governance Guidelines.
13.    Miscellaneous
(a)    Not an Agreement for Continued Employment or Services. This Award Terms
Summary shall not, and no provision of this Award Terms Summary shall be
construed or interpreted

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to, create any right to be employed by or to provide services to or to continue
your employment with or to continue providing services to the Company, or the
Company’s affiliates, Parent or Subsidiaries or their affiliates.
(b)    Community Property. Each spouse individually is bound by, and such
spouse’s interest, if any, in the grant of your Option or in any Shares of
Common Stock is subject to, the terms of this Award Terms Summary. Nothing in
this Award Terms Summary shall create a community property interest where none
otherwise exists.
(c)    Amendment for Code Section 409A. This Incentive Award is intended to be
exempt from Code Section 409A. If the Committee determines that this Incentive
Award may be subject to Code Section 409A, the Committee may, in its sole
discretion, amend the terms and conditions of this Award Terms Summary to the
extent necessary to comply with Code Section 409A.
If you have any questions regarding your Option or would like to obtain
additional information about the Plan or the Committee, please contact the
Company’s General Counsel, Bristow Group Inc., 2103 City West Blvd., 4th Floor,
Houston, Texas 77042 (telephone (713) 267‑7600). This Award Terms Summary, the
Plan and any other related documents should be retained in your files for future
reference.