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                                                                   EXHIBIT 10(g)

                                   RESTATED
                                TIDEWATER INC.
                           1997 STOCK INCENTIVE PLAN
                          (EFFECTIVE OCTOBER 1, 1999)

     1.   PURPOSE.  The purpose of the 1997 Stock Incentive Plan (the "Plan") of
Tidewater Inc. ("Tidewater") is to increase shareholder value and to advance the
interests of Tidewater and its subsidiaries (collectively, the "Company") by
furnishing stock-based economic incentives (the "Incentives") designed to
attract, retain and motivate key employees, officers and directors and to
strengthen the mutuality of interests between such employees, officers and
directors and Tidewater's shareholders. Incentives consist of opportunities to
purchase or receive shares of common stock, $.10 par value per share, of
Tidewater (the "Common Stock"), on terms determined under the Plan. As used in
the Plan, the term "subsidiary" means any corporation of which Tidewater owns
(directly or indirectly) within the meaning of Section 425(f) of the Internal
Revenue Code of 1986, as amended (the "Code"), 50% or more of the total combined
voting power of all classes of stock.

     2.   ADMINISTRATION.

          2.1.  COMPOSITION.  The Plan shall be administered by the Compensation
     Committee of the Board of Directors of Tidewater or by a subcommittee
     thereof (the "Committee"). The Committee shall consist of not fewer than
     two members of the Board of Directors, each of whom shall (a) qualify as a
     "non-employee director" under rule 16b-3 under the Securities Exchange Act
     of 1934 (the "1934 Act") or any successor rule, and (b) qualify as an
     "outside director" under Section 162(m) of the Code.

          2.2.  AUTHORITY.  The Committee shall have plenary authority to award
     Incentives under the Plan, to interpret the Plan, to establish any rules or
     regulations relating to the Plan that it determines to be appropriate, to
     enter into agreements with participants as to the terms of the Incentives
     (the "Incentive Agreements") and to make any other determination that it
     believes necessary or advisable for the proper administration of the Plan.
     Its decisions in matters relating to the Plan shall be final and conclusive
     on the Company and participants. The Committee may delegate its authority
     hereunder to the extent provided in Section 3 hereof. The Committee shall
     not have authority to award Incentives under the Plan to directors who are
     not also employees of the Company ("Outside Directors"). Outside Directors
     may receive awards under the Plan only as specifically provided in Section
     8 hereof.

     3.   ELIGIBLE PARTICIPANTS.  Key employees and officers of the Company
(including officers who also serve as directors of the Company) shall become
eligible to receive Incentives under the Plan when designated by the Committee.
Employees may be designated individually or by groups or categories, as the
Committee deems appropriate. With respect to participants not subject to
Section 16 of the 1934 Act or Section 162(m) of the Code, the Committee may
delegate to appropriate personnel of the Company its authority to designate
participants, to determine the size and type of Incentives to be received by
those participants and to determine or modify performance

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objectives for those participants. Outside Directors may participate in the Plan
only as specifically provided in Section 8 hereof.

     4.   TYPES OF INCENTIVES.  Incentives may be granted under the Plan to
eligible participants in the forms of (a) incentive stock options; (b) non-
qualified stock options; and (c) restricted stock.

     5.   SHARES SUBJECT TO THE PLAN.

          5.1.  NUMBER OF SHARES.  Subject to adjustment as provided in Section
     9.5, a total of 3,000,000 shares of Common Stock are authorized to be
     issued under the Plan. Incentives with respect to no more than 500,000
     shares of Common Stock may be granted through the Plan to a single
     participant in one calendar year.  In the event that a stock option granted
     hereunder expires or is terminated ot cancelled prior to exercise, any
     shares of Common Stock that were issuable thereunder may again be issued
     under the Plan.  In the event that shares of restricted stock are issued as
     Incentives under the Plan and thereafter are forfeited such forfeited
     shares may again be issued under the Plan.  Additional rules for
     determining the number of shares granted under the Plan may be made by the
     Committee, as it deems necessary or appropriate.

          5.2.  TYPE OF COMMON STOCK.  Common Stock issued under the Plan may be
     authorized and unissued shares or issued shares held as treasury shares.

     6.   STOCK OPTIONS.  A stock option is a right to purchase shares of Common
Stock from Tidewater.  Stock options granted under this Plan may be incentive
stock options or non-qualified stock options.  Any option that is designated as
a non-qualified stock option shall not be treated as an incentive stock option.
Each stock option granted by the Committee under this Plan shall be subject to
the following terms and conditions:

          6.1.  PRICE.  The exercise price per share shall be determined by the
     Committee, subject to adjustment under Section 9.5; provided that in no
     event shall the exercise price be less than the Fair Market Value of a
     share of Common Stock on the date of grant, except that in connection with
     an acquisition, consolidation, merger or other extraordinary transaction,
     options may be granted at less than the then Fair Market Value in order to
     replace options previously granted by one or more parties to such
     transaction (or their affiliates) so long as the aggregate spread on such
     replacement options for any recipient of such options is equal to or less
     than the aggregate spread on the options being replaced.

          6.2.  NUMBER.  The number of shares of Common Stock subject to the
     option shall be determined by the Committee, subject to Section 5.1 and
     subject to adjustment as provided in Section 9.5.

          6.3.  DURATION AND TIME FOR EXERCISE.  The term of each stock option
     shall be determined by the Committee.  Each stock option shall become
     exercisable at such time or

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     times during its term as shall be determined by the Committee.
     Notwithstanding the foregoing, the Committee may accelerate the
     exercisability of any stock option at any time, in addition to the
     automatic acceleration of stock options under Section 9.11.

          6.4.  MANNER OF EXERCISE.   A stock option may be exercised, in whole
     or in part, by giving written notice to the Company, specifying the number
     of shares of Common Stock to be purchased. The exercise notice shall be
     accompanied by the full purchase price for such shares.  The option price
     shall be payable in United Stated dollars and may be paid by (a) cash; (b)
     uncertified or certified check; (c) unless otherwise determined by the
     Committee, by delivery of shares of Common Stock held by the optionee for
     at least six months, which shares shall be valued for this purpose at the
     Fair Market Value on the business day immediately preceding the date such
     option is exercised; (d) unless otherwise determined by the Committee,
     through arrangements with a brokerage firm under which such firm, on behalf
     of the optionee, will pay the exercise price to the Company and the Company
     will promptly deliver to such firm the number of shares of Common Stock
     subject to the option so that the firm may sell such shares, or a portion
     thereof, for the account of the optionee, or (e) in such other manner as
     may be authorized from time to time by the Committee.

          6.5.  INCENTIVE STOCK OPTIONS.  Notwithstanding anything in the Plan
     to the contrary, the following additional provisions shall apply to the
     grant of stock options that are intended to qualify as Incentive Stock
     Options (as such term is defined in Section 422 of the Code):

                A.  Any Incentive Stock Option agreement authorized under the
          Plan shall contain such other provisions as the Committee shall deem
          advisable, but shall in all events be consistent with the contain or
          be deemed to contain all provisions required in order to qualify the
          options as Incentive Stock Options.

                B.  All Incentive Stock Options must be granted within ten years
          from the date on which this Plan is adopted by the Board of Directors.

                C.  Unless sooner exercised, all Incentive Stock Options shall
          expire no later than ten years after the date of grant.

                D.  No Incentive Stock Options shall be granted to any
          participant who, at the time such option is granted, would own (within
          the meaning of Section 422 of the Code) stock possessing more than 10%
          of the total combined voting power of all classes of stock of the
          employer corporation or of its parent or subsidiary corporation.

                E.  The aggregate Fair Market Value (determined with respect to
          each Incentive Stock Option as of the time such Incentive Stock Option
          is granted) of the Common Stock with respect to which Incentive Stock
          Options are exercisable for the first time by a participant during any
          calendar year (under the Plan or any other plan

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          of Tidewater or any of its subsidiaries) shall not exceed $100,000. To
          the extent that such limitation is exceeded, such options shall not be
          treated, for federal income tax purposes, as Incentive Stock Options.

     7.   RESTRICTED STOCK.

          7.1.  GRANT OF RESTRICTED STOCK.  The Committee may award shares of
     restricted stock to such officers and key employees as the Committee
     determines pursuant to the terms of Section 3.  An award of restricted
     stock shall be subject to such restrictions on transfer and forfeitability
     provision and such other terms and conditions as the Committee may
     determine, subject to the provisions of the Plan.  An award of restricted
     stock may also be subject to the attainment of specified performance goals
     or targets. To the extent restricted stock is intended to qualify as
     performance-based compensation under Section 162(m) of the Code, it must be
     granted subject to the attainment of performance goals as described in
     Section 7.2 below and meet the additional requirements imposed by Section
     162(m).

          7.2.  PERFORMANCE-BASED RESTRICTED STOCK.  To the extent that
     restricted stock granted under the Plan is intended to vest based upon the
     achievement of pre-established performance goals rather than solely upon
     continued employment over a period of time, the performance goals pursuant
     to which the restricted stock shall vest shall be any or a combination of
     the following performance measures:  earnings per share, return on assets,
     an economic value added measure, shareholder return,earnings, stock price,
     return on equity, return on total capital, safety performance, reduction of
     expenses or increase in cash flow of Tidewater, a division of Tidewater or
     a subsidiary.  For any performance period, such performance objectives may
     be measured on an absolute basis or relative to a group of peer companies
     selected by the Committee, relative to internal goals or relative to
     levels attained in prior years.  The Committee may not waive any of the
     pre-established performance goal objectives, except that such objectives
     shall be waived as provided in Section 9.11 hereof, or as may be provided
     by the Committee in the event of death, disability or retirement.

          7.3.  THE RESTRICTED PERIOD.  At the time an award of restricted stock
     is made, the Committee shall establish a period of time during which the
     transfer of the shares of restricted stock shall be restricted (the
     "Restricted Period").  The Restricted Period shall be a minimum of three
     years, except that if the vesting of the shares of restricted stock is
     based upon the attainment of performance goals, a minimum Restricted Period
     of one year is permitted. Each award of restricted stock may have a
     different Restricted Period.  The expiration of the Restricted Period shall
     also occur as provided under Section 9.3 and under the conditions described
     in Section 9.11 hereof.

          7.4.  ESCROW.  The participant receiving restricted stock shall enter
     into an Incentive Agreement with the Company setting forth the conditions
     of the grant.  Certificates representing shares of restricted stock shall
     be registered in the name of the participant and deposited with the
     Company, together with a stock power endorsed in blank by the participant.
     Each such certificate shall bear a legend in substantially the following
     form:

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          The transferability of this certificate and the shares of Common Stock
          represented by it are subject to the terms and conditions (including
          conditions of forfeiture) contained in the Tidewater Inc. 1997 Stock
          Incentive Plan (the "Plan"), and an agreement entered into between the
          registered owner and Tidewater Inc. thereunder.  Copies of the Plan
          and the agreement are on file at the principal office of the Company.

          7.5.  DIVIDENDS ON RESTRICTED STOCK.  Any and all cash and stock
     dividends paid with respect to the shares of restricted stock shall be
     subject to any restrictions on transfer, forfeitability provisions or
     reinvestment requirements as the Committee may, in its discretion,
     prescribe in the Incentive Agreement.

          7.6.  FORFEITURE.  In the event of the forfeiture of any shares of
     restricted stock under the terms provided in the Incentive Agreement
     (including any additional shares of restricted stock that may result from
     the reinvestment of cash and stock dividends, if so provided in the
     Incentive Agreement), such forfeited shares shall be surrendered and the
     certificates cancelled.  The participants shall have the same rights and
     privileges, and be subject to the same forfeiture provisions, with respect
     to any additional shares receiver pursuant to Section 9.5 due to a
     recapitalization, merger or other change in capitalization.

          7.7.  EXPIRATION OF RESTRICTED PERIOD.  Upon the expiration or
     termination of the Restricted Period and the satisfaction of any other
     conditions prescribed by the Committee, the restrictions applicable to the
     restricted stock shall lapse and a stock certificate for the number of
     shares of restricted stock with respect to which the restrictions have
     lapsed shall be delivered, free of all such restrictions and legends,
     except any that may be imposed by law, to the participant or the
     participant's estate, as the case may be.

          7.8.  RIGHTS AS A SHAREHOLDER.  Subject to the terms and conditions of
     the Plan and subject to any restrictions on the receipt of dividends that
     may be imposed in the Incentive Agreement, each participant receiving
     restricted stock shall have all the rights of a shareholder with respect to
     shares of stock during the Restricted Period, including without limitation,
     the right to vote any shares of Common Stock.

     8.  STOCK OPTIONS FOR OUTSIDE DIRECTORS.

          8.1.  GRANT OF OPTIONS.  Beginning with the 1997 annual meeting of
     stockholders and for as long as the Plan remains in effect and shares of
     Common Stock remain available for issuance hereunder, each Outside Director
     shall be automatically granted a non-qualified stock option on the day of
     the annual meeting of stockholders of Tidewater, provided such Outside
     Director continues to serve as a director following such annual meeting.
     An option to purchase no more than 5,000 shares shall be granted to each
     Outside Director each year, the exact number of which shall be set by the
     Committee.

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          8.2  EXERCISABILITY OF STOCK OPTIONS.  The stock options granted to
     Outside Directors under this Section 8 shall become exercisable six months
     following the date of grant and shall expire ten years following the date
     of grant.

          8.3  EXERCISE PRICE.  The Exercise Price of the Stock Options granted
     to Outside Directors shall be equal to the Fair Market Value, as defined in
     the Plan, of a share of Common Stock on the date of grant.  The Exercise
     Price may be paid as provided in Section 6.4 hereof.

          8.4  EXERCISE AFTER TERMINATION OF BOARD SERVICE.  In the event an
     Outside Director ceases to serve on the Board, the stock options granted
     hereunder must be exercised, to the extent otherwise exercisable at the
     time of termination of Board service, within one year from termination of
     Board service; provided, however, that in the event of termination of Board
     service as a result of retirement on or after reaching age 65, death or
     disability, the stock options must be exercised within two years from the
     date of termination of Board service; and further provided, that no stock
     options may be exercised later than ten years after the date of grant.

     9.   GENERAL.

          9.1  DURATION.  Subject to Section 9.10, the Plan shall remain in
     effect until all Incentives granted under the Plan have either been
     satisfied by the issuance of shares of Common Stock or the payment of cash
     or been terminated under the terms of the Plan and all restrictions imposed
     on shares of Common Stock in connection with their issuance under the Plan
     have lapsed.

          9.2.  TRANSFERABILITY.  No Incentives granted hereunder may be
     transferred, pledged, assigned or otherwise encumbered by a participant
     except: (a) by will; (b) by the laws of descent and distribution; (c)
     pursuant to a domestic relations order, as defined in the Code, if
     permitted by the Committee and so provided in the Incentive Agreement or an
     amendment thereto; or (d) as to options only, if permitted by the Committee
     and so provided in the Incentive Agreement of an amendment thereto, (i) to
     Immediate Family Members, (ii) to a partnership in which Immediate Family
     Members, or entities in which Immediate Family Members are the sole owners,
     members or beneficiaries, as appropriate, are the sole partners, (iii) to a
     limited liability company in which Immediate Family Members, or entities in
     which Immediate Family Members are the sole owners, members or
     beneficiaries, as appropriate, are the sole members, or (iv) to a trust for
     the sole benefit of Immediate Family Members. "Immediate Family Members"
     shall be defined as the spouse and natural or adopted children or
     grandchildren of the participant and their spouses.  To the extent that an
     Incentive Stock Option is permitted to be transferred during the lifetime
     of the participant, it shall be treated thereafter as a nonqualified stock
     option.  Any attempted assignment, transfer, pledge, hypothecation or other
     disposition of Incentives, or levy of attachment or similar process upon
     Incentives not specifically permitted herein, shall be null and void and
     without effect.

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          9.3. EFFECT OF TERMINATION OF EMPLOYMENT OR DEATH. Except as provided
     in Section 8.1 with respect to Outside Directors, in the event that a
     participant ceases to be an employee of the Company for any reason,
     including death, disability, early retirement or normal retirement, any
     Incentives may be exercised, shall vest or shall expire at such times as
     may be determined by the Committee in the Incentive Agreement. The
     Committee has complete authority to modify the treatment of an Incentive in
     the event of termination of employment of a participant by means of an
     amendment to the Incentive Agreement. Consent of the participant to the
     modification is required only if the modification materially impairs the
     rights previously provided to the participant in the Incentive Agreement.

          9.4.  ADDITIONAL CONDITIONS.  Anything in this Plan to the contrary
     notwithstanding:  (a) the Company may, if it shall determine it necessary
     or desirable for any reason, at the time of award of any Incentive or the
     issuance of any shares of Common Stock pursuant to any Incentive, require
     the recipient of the Incentive, as a condition to the receipt thereof or to
     the receipt of shares of Common Stock issued pursuant thereto, to deliver
     to the Company a written representation of present intention to acquire the
     Incentive or the shares of Common Stock issued pursuant thereto for his own
     account for investment and not for distribution; and (b) if at any time the
     Company further determines, in its sole discretion, that the listing,
     registration or qualification (or any updating of any such document) of any
     Incentive or the shares of Common Stock issuable pursuant thereto is
     necessary on any securities exchange or under any federal or state
     securities or blue sky lay, or that the consent or approval of any
     governmental regulatory body is necessary or desirable as a condition of,
     or in connection with the award of any Incentive, the issuance of shares of
     Common Stock pursuant thereto, or the removal of any restrictions imposed
     on such shares, such Incentive shall not be awarded or such shares of
     Common Stock shall not be issued or such restrictions shall not be removed,
     as the case may be, in whole or in part, unless such listing, registration,
     qualification, consent or approval shall have been effected or obtained
     free of any conditions not acceptable to the Company.

          9.5.  ADJUSTMENT.  In the event of any merger, consolidation or
     reorganization of the Company with any other corporation or corporations,
     there shall be substituted for each of the shares of Common Stock then
     subject to the Plan, including shares subject to restrictions, options or
     achievement of performance objectives, the number and kind of shares of
     stock or other securities to which the holders of the shares of Common
     Stock will be entitled pursuant to the transaction.  In the event of any
     recapitalization, stock dividend, stock split, combination of shares or
     other change in the Common Stock, the number of shares of Common Stock then
     subject to the Plan, including shares subject to outstanding Incentives,
     shall be adjusted in proportion to the change in outstanding shares of
     Common Stock. In the event of any such adjustments, the purchase price of
     any option, the performance objectives of any Incentive, and the shares of
     Common Stock issuable pursuant to any Incentive shall be adjusted as and to
     the extent appropriate, in the reasonable discretion of the committee, to
     provide participants with the same relative rights before and after such
     adjustment.  No substitution or adjustment shall require the Company to
     issue a

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     fractional share under this Plan and the substitution or adjustment
     shall be limited by deleting any fractional share.

          9.6.  INCENTIVE AGREEMENT.  The terms of each Incentive shall be
     stated in an agreement approved by the Committee.

          9.7.  WITHHOLDING.

               A.  The Company shall have the right to withhold from any
          payments made under the Plan or to collect as a condition of payment,
          any taxes required by law to be withheld.  At any time that a
          participant is required to pay to the Company an amount required to be
          withheld under applicable income tax laws in connection with the
          issuance of Common Stock, the lapse of restrictions on Common Stock or
          the exercise of an option, the participant may, subject to disapproval
          by the Committee, satisfy this obligation in whole or in part by
          electing (the "Election") to have the Company withhold shares of
          Common Stock having a value equal to the amount required to be
          withheld.  The value of the shares to be withheld shall be based on
          the Fair Market Value of the Common Stock on the date that the amount
          of tax to be withheld shall be determined ("Tax Date").

               B.  Each Election must be made prior to the Tax Date.  The
          Committee may disapprove of any election, may suspend or terminate the
          right to make Elections, or may provide with respect to any Incentive
          that the right to make Elections shall not apply to such Incentive.
          If a participant makes an election under Section 83(b) of the Internal
          Revenue Code with respect to shares of restricted stock, an Election
          is not permitted to be made.

          9.8.  NO CONTINUED EMPLOYMENT.  No participant under the Plan shall
     have any right, because of his or her participation, to continue in the
     employ of the Company for any period of time or to any right to continue
     his or her present or any other rate of compensation.

          9.9.  DEFERRAL PERMITTED.  Payment of cash or distribution of any
     shares of Common Stock to which a participant is entitled under any
     Incentive shall be made as provided in the Incentive Agreement.  Payment
     may be deferred at the option of the participant in provided in the
     Incentive Agreement.

          9.10.  AMENDMENTS TO OR TERMINATION OF THE PLAN.

                A.  The Board may amend, suspend or terminate the Plan or any
          portion thereof at any time, provided that no amendment shall be made
          without stockholder approval if such approval is necessary to comply
          with any tax or regulatory requirement, including any approval
          necessary to qualify Incentives as "performance-

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          based" compensation under Section 162(m) or any successor provision,
          if such qualification is deemed necessary or advisable by the
          Committee.

               B. Any provision of this Plan or any Incentive Agreement to the
          contrary notwithstanding, the Committee may cause any Incentive
          granted hereunder to be cancelled in consideration of a cash payment
          or alternative Incentive made to the holder of such cancelled
          Incentive equal in value to such cancelled Incentive. The
          determinations of value under this subparagraph shall be made by the
          Committee in its sole discretion.

          9.11.  CHANGE OF CONTROL; TENDER OFFER OR EXCHANGE OFFER.

               A.  This Section 9.11 has been amended, effective October 1, 1999
          (the "Amendment") to read as provided herein. However, to the extent
          that (and only to the extent that) any right to which a grantee of
          outstanding options or restricted stock under the Plan is entitled
          prior to the effective date of the Amendment (whether under the Plan,
          related agreements, amendments thereto, or interpretations by the
          Compensation Committee) would be detrimentally affected by the
          Amendment, the Amendment shall not apply.

                B.  Notwithstanding any other provision of the Plan (or any
          provision of any agreement with respect to any grant hereunder),
          immediately prior to any Change of Control of the Company (as defined
          in Section 9.11(D) hereof), all stock options (whether non-qualified
          or incentive and whether granted to an employee or to a nonemployee
          Director) which are then outstanding hereunder shall become fully
          vested and exercisable and all restrictions and limitations on
          restricted shares of Common Stock then outstanding hereunder shall
          automatically lapse and all performance criteria and other conditions
          relating to the payment of Incentives shall automatically be deemed to
          be achieved or waived by the Company. As used in the immediately
          preceding sentence, 'immediately prior' to the Change of Control shall
          mean sufficiently in advance of the Change of Control to permit the
          grantee to take all steps reasonably necessary (i) if an optionee, to
          exercise any such option fully and (ii) to deal with the shares
          purchased under any such option and any formerly restricted shares on
          which restrictions have lapsed so that both types of shares may be
          treated in the same manner in connection with the Change of Control as
          the shares of Common Stock of other shareholders. To the extent, if
          any, required by section 422(d) of the Code, incentive stock options
          which become exercisable immediately prior to a Change of Control
          pursuant to this Section 9.11(B) shall thereby become non-qualified
          stock options. Notwithstanding any other provisions of the Plan,
          including, without limitation, Section 9.11(C) hereof (or any
          provision of any agreement with respect to any grant hereunder), (i)
          any stock option which becomes exercisable pursuant to this Section
          9.11(B) shall remain exercisable until the earlier of the end of the
          option term or the lapse of the option, and (ii) any lapse and deemed
          waiver of restrictions and

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          limitations on restricted shares pursuant to this Section 9.11(B)
          shall be a permanent lapse and deemed waiver of such restrictions and
          limitations.

               C.  If any corporation, person or other entity (other than the
          Company) makes a tender offer or exchange offer for shares of the
          Common Stock pursuant to which purchases are made (an "Offer"), then
          from and after the date of the first purchase of the Common Stock
          pursuant to the Offer (the "Acceleration Date"), all outstanding
          options shall automatically become fully exercisable, all restrictions
          or limitations on any Incentives shall lapse and all performance
          criteria and other conditions relating to the payment of Incentives
          shall be deemed to be achieved or waived by the Company, without the
          necessity of any action by any person, for a period of 30 calendar
          days following the Acceleration Date.  Subject to the other provisions
          of this Section 9.11, following the expiration of the 30-day period,
          any options not exercised and any shares of Common Stock issued
          hereunder not tendered or exchanged shall again be subject to the
          terms and conditions applicable prior to the offer.

               D.   As used in this Section 9.11, 'Change of Control' shall
     mean:

                         (i) the acquisition by any 'Person' (as defined in
               Section 9.11(E) therof) of 'Beneficial Ownership' (as defined in
               Section 9.11(E) hereof) of 30% or more of the outstanding Shares
               of the Company's Common Stock, $0.10 par value per share (the
               "Common Stock") or 30% or more of the combined voting power of
               the Company's then outstanding securities; provided, however,
               that for purposes of this subsection (D)(i), the following shall
               not constitute a Change of Control:

                              (A) any acquisition (other than a 'Business
                    Combination' (as defined in Section 9.11(D)(iii) hereof)
                    which constitutes a Change of Control under Section
                    9.11(D)(iii) hereof) of Common Stock directly from the
                    Company,

                              (B) any acquisition of Common Stock by the Company
                    or its subsidiaries,

                              (C) any acquisition of Common Stock by any
                    employee benefit plan (or related trust) sponsored or
                    maintained by the Company or any corporation controlled by
                    the Company, or

                              (D) any acquisition of Common Stock by any
                    corporation pursuant to a Business Combination which does

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                    not constitute a Change of Control under Section
                    9.11(D) (iii) hereof; or

                        (ii)  individuals who, as of the effective date of the
               Amendment, constitute the Board (the "Incumbent Board") cease for
               any reason to constitute at least a majority of the Board;
               provided, however, that any individual becoming a director
               subsequent to the effective date of the Amendment whose election,
               or nomination for election by the Company's shareholders, was
               approved by a vote of at least a majority of the directors then
               comprising the Incumbent Board shall be considered a member of
               the Incumbent Board, unless such individual's 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 Incumbent Board; or

                         (iii)  consummation of a reorganization, merger or
               consolidation (including a merger or consolidation of the Company
               or any direct or indirect subsidiary of the Company), or sale or
               other disposition on all or substantially all of the assets of
               the Company (a 'Business Combination'), in each case, unless,
               immediately following such Business Combination,

                              (A) the individuals and entities who were the
                    Beneficial Owners of the Company's outstanding Common Stock
                    and the Company's voting securities entitled to vote
                    generally in the election of directors immediately prior to
                    such Business Combination have direct or indirect Beneficial
                    Ownership, respectively, of more than 50% of the then
                    outstanding shares of common stock, and more than 50% of the
                    combined voting power of the then outstanding voting
                    securities entitled to vote generally in the election of
                    directors, of the Post-Transaction Corporation (as defined
                    in Section 9.11(E) hereof), and

                              (B) except to the extent that such ownership
                    existed prior to the Business Combination, no Person
                    (excluding the Post-Transaction Corporation and any employee
                    benefit plan or related trust of either the Company, the
                    Post-Transaction Corporation or any subsidiary of either
                    corporation) Beneficially Owns, directly or indirectly, 30%
                    or more of the then outstanding shares of common stock of
                    the corporation resulting from such Business Combination or

                                     -11-

<PAGE>

                    30% or more of the combined voting power of the then
                    outstanding voting securities of such corporation, and

                              (C) at least a majority of the members of the
                    board of directors of the Post-Transaction Corporation were
                    members of the Incumbent Board at the time of the execution
                    of the initial agreement, or of the action of the Board,
                    providing for such Business Combination; or

                         (iv) approval by the shareholders of the Company of a
               complete liquidation or dissolution of the Company.

               E.  As used in Section 9.11(D) hereof, the following words or
          terms shall have the meanings indicated:

                         (i) Affiliate:  'Affiliate' (and variants thereof)
               shall mean a Person that controls, or is controlled by, or is
               under common control with, another specified Person, either
               directly or indirectly.

                         (ii)  Beneficial Owner: 'Beneficial Owner' (and
               variants thereof), with respect to a security, shall mean a
               Person who, directly or indirectly (through any contract,
               understanding, relationship or otherwise), has or shares (i) the
               power to vote, or direct the voting of, the security, and/or (ii)
               the power to dispose of, or to direct the disposition of, the
               security.

                         (iii)  Person:  'Person' shall mean a natural person or
               company, and shall also mean the group or syndicate created when
               two or more Persons act as a syndicate or other group (including,
               without limitation, a partnership or limited partnership) for the
               purpose of acquiring, holding, or disposing of a security, except
               that 'Person' shall not include an underwriter temporarily
               holding a security pursuant to an offering of the security.

                         (iv)  Post-Transaction Corporation: Unless a Change of
               Control includes a Business Combination (as defined in Section
               9.11(D)(iii) hereof), 'Post-Transaction Corporation' shall mean
               the Company after the Change of Control.  If a Change of Control
               includes a Business Combination, 'Post-Transaction Corporation'
               shall mean the corporation resulting from the Business
               Combination unless, as a result of such Business Combination, an
               ultimate parent corporation controls the Company or all or
               substantially all of the Company's assets either directly or
               indirectly, in which case, 'Post-Transaction Corporation' shall
               mean such ultimate parent corporation.

                                     -12-

<PAGE>

          9.12.  DEFINITION OF FAIR MARKET VALUE. Whenever "Fair Market Value"
     of Common Stock shall be determined for purposes of this Plan, it shall be
     the closing sale price on the consolidated transaction reporting system for
     New York Stock Exchange issues on the date of reference for a share of the
     Common Stock, or if no sale of the Common Stock shall have been made on
     that day, on the next preceding day on which there was a sale of the Common
     Stock.

          9.13  LOANS TO OPTIONEES.  In the event of a Change of Control of the
     Company, as defined in Section 9.11, in connection with which a
     participant's employment with the Company will be terminated and the
     participant is precluded for any reason from selling shares of Common
     Stock, the Company shall, in connection with the exercise of an option, if
     requested by the participant, extend a loan to the participant in the
     maximum amount of the exercise price of the options to be exercised, plus
     the maximum tax liability that may be incurred in connection with the
     option exercise.  Any such loan shall be unsecured, shall be on market
     terms and shall be payable in full no later than thirty days after the
     termination of the period during which the participant is precluded from
     selling shares of Common Stock. Any participant to whom a loan is extended
     hereunder shall, if requested by the Company, agree in writing not to sell
     shares of Common Stock for such period as shall be requested, it being
     understood that the Company's request that the participant not sell shares
     of Common Stock shall only be invoked to the extent necessary to preserve
     or recognize pooling-of-interests accounting treatment, tax-free
     reorganization status, or comparable corporate benefits from making such a
     request.

     Executed effective the last day of October, 1999.

                                     Tidewater Inc.

                                     By: /s/ Ken C. Tamblyn
                                         ____________________________
                                                Ken C. Tamblyn
                                         Executive Vice President and
                                           Chief Financial Officer

Attest:

By: /s/ Michael L. Goldblatt
    ____________________________
        Michael L. Goldblatt
        Assistant Secretary

                                     -13-<PAGE>

                                                                   EXHIBIT 10(h)

                                    RESTATED
                           NON-QUALIFIED PENSION PLAN
                                      FOR
                               OUTSIDE DIRECTORS
                               OF TIDEWATER INC.

                    ARTICLE I - INTRODUCTION

                    ARTICLE II - DEFINITIONS

                        2.1   Definitions

                    ARTICLE III - PENSION BENEFITS

                        3.1   Eligibility
                        3.2   Time and Duration of Pension
                        3.3   Suspension of Pension Benefits
                        3.4   Deferred Compensation Plan
                        3.5   Amount of Pension
                        3.6   Forfeiture of Benefits
                        3.7   Payment of Benefits
                        3.8   Death of Participant

                    ARTICLE IV - NON-ASSIGNABILITY OF INTERESTS

                        4.1   Non-Assignability of Interests

                    ARTICLE V - ADMINISTRATION

                        5.1   No Funding Obligation
                        5.2   Applicable Law
                        5.3   Administration and Interpretation
                        5.4   Amendment
                        5.5   Termination
                        5.6   Change of Control
<PAGE>

                                    RESTATED
                           NON-QUALIFIED PENSION PLAN
                                      FOR
                               OUTSIDE DIRECTORS
                                       OF
                                 TIDEWATER INC.
                   __________________________________________

     WHEREAS, Tidewater Inc., a Delaware corporation (the "Company") maintains
the Non-Qualified Pension Plan for Outside Directors of Tidewater Inc. (the
"Plan"), the provisions of which are at present expressed in a plan document
effective March 22, 1990 and amendment thereto effective October 1, 1999; and

     WHEREAS, the Board of Directors has authorized the restatement of the Plan,
as amended;

     NOW THEREFORE, the Plan is hereby restated to read in its entirety as
follows:

                                   ARTICLE I

                                  INTRODUCTION

     This Plan is established by Tidewater Inc. as a non-qualified pension plan
for the exclusive benefit of Outside Directors who are or have been members of
the Board of Directors of the Company and who retire from (or otherwise cease to
render service for) the Board of Directors of the Company at any time on or
after April 1, 1990.

     The Plan shall be maintained according to the terms of this document, as it
may be amended from time to time. The Board of Directors of the Company shall
have the sole authority to amend the Plan and to resolve any dispute with
respect to the interpretation and administration of the Plan. The Plan shall be
administered and interpreted by the Plan Administrator, as provided in Section
5.3 hereof.

                                   ARTICLE II

                                  DEFINITIONS

     2.1  Definitions.  When used in this document, the following words and
phrases shall have the meaning assigned to them, unless the context clearly
indicates otherwise:

          (a) Affiliated Company means a direct or indirect subsidiary of
              Tidewater Inc.

          (b) The Company means Tidewater Inc., a Delaware corporation which
              maintains its principal offices in New Orleans, Louisiana.

                                      -1-
<PAGE>

          (c) Board of Directors means the Board of Directors of Tidewater Inc.

          (d) Compensation Committee means the Compensation Committee of the
              Board of Directors or its delegate.

          (e) Cost of Borrowed Funds means the prime rate (at the time of
              reference) established by Whitney National Bank or 10% per annum,
              whichever is lower.

          (f) Death Benefit means the benefit provided by Section 3.8 hereof.

          (g) Emeritus Director means a person who (at the time of reference) is
              serving as Director Emeritus of the Company.

          (h) Outside Director means a person who (at the time of reference)
              served or is serving as a director on the Board of Directors and
              who, at such time, was or is not an employee of the Company or any
              Affiliated Company.

          (i) Participant means an Outside Director who has satisfied the
              eligibility requirements of Section 3.1 hereof.

          (j) Pension means the benefit determined according to Article III
              hereof.

          (k) Plan means the Non-Qualified Pension Plan for Outside Directors of
              Tidewater Inc., as set forth in this document and as amended by
              the Board of Directors from time to time.

          (l) Years of Service as a Director means the number of years not
              including partial years, (at the time of reference) that a
              Participant served on the Board of Directors, provided however,
              that solely those periods of service as a non-employee director
              (and not periods of service when such director was concurrently
              employed by the Company or any Affiliated Company) shall be
              counted for purposes of eligibility and benefit accrual under the
              Plan.

                                  ARTICLE III

                                PENSION BENEFITS

     3.1  Eligibility.  A Director shall become a Participant upon (a) having
served as an Outside Director of the Company for five or more years or (b)
having attained the age of 65.  Additionally, notwithstanding any other
provision of the Plan, any Outside Director who is serving immediately prior to
a Change of Control who is not a Participant, but who would have become a
Participant had such service

                                      -2-
<PAGE>

continued through the second anniversary of the Change of Control and had it
been credited under the Plan for purposes of both the service requirements and
the age requirements for participation (but not for purposes of determining the
duration of the pension), shall become a Participant upon the occurrence of the
Change of Control.

     3.2  Time and Duration of Pension. A Participant shall be entitled to a
pension commencing on the first business day of the calendar quarter next
following the Participant's retirement from, or other cessation of service to,
the Board of Directors after five (or more) years of Service as an Outside
Director or after having attained the age of 65. The duration of the Pension for
a participant shall be the number of the Participant's Years of Service as an
Outside Director.

     3.3  Suspension of Pension Benefits. The payment of Pension benefits under
this Plan shall not be suspended when a Participant is serving as an Emeritus
Director of the Company. The payment of Pension benefits under this Plan shall
be suspended throughout any period when the Participant is serving as an Outside
Director on the Board of Directors. Subsequent to any such period of benefit
suspension for service on the Board of Directors such Participant's Pension
benefit under this Plan shall be recalculated with reference to all service as
an Outside Director, including the directors' retainer earned and the years of
service accrued during such period of benefit suspension, and the Participant's
Pension benefit shall be paid or resumed at the newly calculated higher rate.

     3.4  Deferred Compensation Plan. Nothing in this Plan shall affect
eligibility for or benefits under the Deferred Compensation Plan for Outside
Directors of Tidewater Inc.

     3.5  Amount of Pension.  A Participant's Pension, as defined in Section
3.2, shall be an annual amount equal to the annual director's retainer
(exclusive of meeting fees or committee chairmen's retainers) which is
prevailing at the time the Participant retires from (or otherwise ceases to
serve on) the Board of Directors.  Notwithstanding the foregoing provisions of
this Section 3.5, if a Participant retires from (or otherwise ceases to serve
on) the Board of Directors upon or after the occurrence of a Change of Control
(as defined in Section 5.6 hereof), the Participant's Pension shall be an annual
amount equal to the greater of (i) the annual director's retainer (exclusive of
meeting fees or committee chairmen's retainers) which is prevailing at the time
of such retirement or cessation of service or (ii) the annual director's
retainer (exclusive of meeting fees or committee chairmen's retainers) which is
prevailing immediately prior to the occurrence of a Change of Control.  Further,
notwithstanding the provisions of Section 3.3 hereof, in the event of such a
retirement or cessation which follows a period of benefit suspension described
in such Section, the rate of the Participant's Pension shall be determined in
accordance with the immediately preceding sentence, while the duration of the
Pension shall be determined in accordance with Section 3.3.

                                      -3-
<PAGE>

     3.6  Forfeiture of Benefits. All benefits not yet paid for which an Outside
Director would be otherwise eligible under this Plan shall be forfeited in the
event that the Board of Directors determines that any of the following
circumstances has occurred:

          (a) The Outside Director has engaged in knowing and willful misconduct
              in connection with his or her service as a director; or

          (b) The Outside Director, without the consent of the Board of
              Directors or any Operating Company Board, at any time during or
              after his or her period of service as an Outside Director, is
              employed by, becomes associated with, renders service (as a
              director or otherwise) to, or owns an interest (other than as a
              shareholder with a nonsubstantial interest) in, any business which
              is competitive with, or which controls a business which is
              competitive with the Company or any Affiliated Company.

     3.7  Payment of Benefits. Unless an election is made for a lump sum payment
under Section 5.6 hereof, the Pension shall be paid as a series of quarterly
payments to the Participant. The quarterly payments shall commence on the date
provided in Section 3.2 (or Section 3.3, as the case may be) and shall continue
on the first business day of each calendar quarter thereafter for the duration
of the Pension as provided in Section 3.2 hereof (or Section 3.3, as the case
may be). It shall be a condition to the payment of the Pension to a Participant
that for the duration of the Pension that the Participant remain available for
consultation with the Company.

     3.8  Death of Participant.  If a Participant dies prior to payment of all
of the Participant's Pension, a Death Benefit shall be paid to the beneficiaries
designated by him (or, if no designation is made, then to his estate). The
amount of the Death Benefit shall be the remaining Pension benefit that would
have been paid to the Participant had he lived, discounted by the Company's then
prevailing Cost of Borrowed Funds on the date of the Participant's death. Any
beneficiary designation, or change in the beneficiary designation shall be made
in writing by completing and furnishing to the Plan Administrator a Beneficiary
Designation form in the form attached hereto as Exhibit I.  The last Beneficiary
Designation Form received by the Plan Administrator shall be controlling over
any testamentary or purported disposition by the participant, provided that no
designation, or change of designation thereof shall be effective unless received
by the Plan Administrator prior the death of the Participant.

                                   ARTICLE IV

                         NON-ASSIGNABILITY OF INTERESTS

     4.1  Non-Assignability of Interests.  The interests herein and the right to
receive benefits hereunder may not be anticipated, alienated, sold, transferred,
assigned, pledged, encumbered, or

                                      -4-
<PAGE>

subjected to any charge or legal process, and if any attempt is made to do so,
or a Participant becomes bankrupt, the interests under the Plan of the person
affected may be terminated by the Board of Directors, which, in its sole
discretion, may cause the same to be held or applied for the benefit of one or
more of the dependents of such person or make any other disposition of such
interests as it deems appropriate.

                                   ARTICLE V

                                 ADMINISTRATION

     5.1  No Funding Obligation.  The obligation of the Company to pay any
benefits under this Plan shall be unfunded and unsecured and any payments under
this Plan shall be made from the Company's general assets.

     5.2  Applicable Law.  This Plan shall be construed and enforced in
accordance with the laws of the State of Louisiana.

     5.3  Administration and Interpretation.  The Company's Director of Employee
Relations (the "Plan Administrator") shall have the authority and responsibility
to administer and interpret this Plan. Benefits due and owing to an Outside
Director under the Plan shall be paid when due without any requirement that a
claim for benefits be filed.  However, Outside Directors who have not received
the benefits to which they feel entitled may file a written claim with the Plan
Administrator, who shall act on the claim within thirty days.  The Plan
Administrator's action on any such claim may be appealed by the claimant to the
Company's Board of Directors.  Notwithstanding the immediately preceding
sentence, no amendment of the Plan made upon or after the occurrence of a Change
of Control shall affect detrimentally the rights or benefit under the Plan of
any Participant (including any Outside Director who becomes a Participant upon a
Change of Control and including any Participant who has retired from (or
otherwise ceased to serve on) the Board of Directors).

     5.4  Amendment.  The Board of Directors may from time to time amend this
Plan or any provision herein.

     5.5  Termination.  The Company has established this Plan with the intention
and expectation that the Plan will continue in force. However, the Company
reserves the right to terminate the Plan at any time for any reason.

     5.6 Change of Control.

          (a) Distribution following a Change of Control. Notwithstanding any
     other provision of the Plan, a Participant may elect at any time prior to a
     Change of Control, in a form and manner reasonably satisfactory to the
     Company, to receive upon the Participant's retirement from, or other
     cessation of service to, the Board of Directors following or simultaneous
     with a Change of Control, the present value of any Pension accrued by a
     Participant (including any Outside Director who becomes a

                                      -5-
<PAGE>

     Participant upon a Change of Control and including any Participant who has
     retired from (or otherwise ceased to serve on) the Board of Directors)
     under the Plan, but not yet paid, shall be distributed to the Participant
     immediately in a lump sum, calculated by using the Company's then
     prevailing Cost of Borrowed Funds for the discount rate.

          (b) Definition of Change of Control.  As used in this Section 5.6,
     'Change of Control' shall mean:

               (i) the acquisition by any 'Person' (as defined in Section 5.6(c)
                   hereof) of 'Beneficial Ownership' (as defined in Section
                   5.6(c) hereof) of 30% or more of the outstanding Shares of
                   the Company's Common Stock, $0.10 par value per share (the
                   'Common Stock') or 30% or more of the combined voting power
                   of the Company's then outstanding securities; provided,
                   however, that for purposes of this subsection 5.6(b)(i), the
                   following shall not constitute a Change of Control:

                   (A) any acquisition (other than a 'Business Combination' (as
                       defined in Section 5.6(b)(iii) hereof) which constitutes
                       a Change of Control under Section 5.6(b)(iii) hereof) of
                       Common Stock directly from the Company,

                   (B) any acquisition of Common Stock by the Company or its
                       subsidiaries,

                   (C) any acquisition of Common Stock by any employee benefit
                       plan (or related trust) sponsored or maintained by the
                       Company or any corporation controlled by the Company, or

                   (D) any acquisition of Common Stock by any corporation
                       pursuant to a Business Combination which does not
                       constitute a Change of Control under Section 5.6(b)(iii)
                       hereof; or

               (ii) individuals who, as of the effective date of this amendment
          to the Plan, constitute the Board (the 'Incumbent Board') cease for
          any reason to constitute at least a majority of the Board; provided,
          however, that any individual becoming a director subsequent to the
          effective date of this amendment to the Plan whose election, or
          nomination for election by the Company's shareholders, was approved by
          a vote of at least a majority of the directors then comprising the
          Incumbent Board shall be considered a member of the Incumbent Board,
          unless such individual's 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 Incumbent Board; or

                                      -6-
<PAGE>

               (iii)  consummation of a reorganization, merger or consolidation
          (including a merger or consolidation of the Company or any direct or
          indirect subsidiary of the Company), or sale or other disposition of
          all or substantially all of the assets of the Company (a 'Business
          Combination'), in each case, unless, immediately following such
          Business Combination,

                    (A) the individuals and entities who were the Beneficial
               Owners of the Company's outstanding Common Stock and the
               Company's voting securities entitled to vote generally in the
               election of directors immediately prior to such Business
               Combination have direct or indirect Beneficial Ownership,
               respectively, of more than 50% of the then outstanding shares of
               common stock, and more than 50% of the combined voting power of
               the then outstanding voting securities entitled to vote generally
               in the election of directors, of the Post-Transaction Corporation
               (as defined in Section 5.6(c) hereof), and

                    (B) except to the extent that such ownership existed prior
               to the Business Combination, no Person (excluding the Post-
               Transaction Corporation and any employee benefit plan or related
               trust of either the Company, the Post-Transaction Corporation or
               any subsidiary of either corporation) Beneficially Owns, directly
               or indirectly, 30% or more of the then outstanding shares of
               common stock of the corporation resulting from such Business
               Combination or 30% or more of the combined voting power of the
               then outstanding voting securities of such corporation, and

                    (C) at least a majority of the members of the board of
               directors of the Post-Transaction Corporation were members of the
               Incumbent Board at the time of the execution of the initial
               agreement, or of the action of the Board, providing for such
               Business Combination; or

               (iv) approval by the shareholders of the Company of a complete
          liquidation or dissolution of the Company.

          (c)  Other Definitions.  As used in Section 5.6(b) hereof, the
     following words or terms shall have the meanings indicated:

               (i) Affiliate:  'Affiliate' (and variants thereof) shall mean a
          Person that controls, or is controlled by, or is under common control
          with, another specified Person, either directly or indirectly.

               (ii) Beneficial Owner:  'Beneficial Owner' (and variants
          thereof), with respect to a security, shall mean a Person who,
          directly or indirectly (through any contract, understanding,
          relationship or otherwise), has or shares (i)

                                      -7-
<PAGE>

          the power to vote, or direct the voting of, the security, and/or (ii)
          the power to dispose of, or to direct the disposition of, the
          security.

               (iii)  Person:  'Person' shall mean a natural person or company,
          and shall also mean the group or syndicate created when two or more
          Persons act as a syndicate or other group (including, without
          limitation, a partnership or limited partnership) for the purpose of
          acquiring, holding, or disposing of a security, except that 'Person'
          shall not include an underwriter temporarily holding a security
          pursuant to an offering of the security.

               (iv) Post-Transaction Corporation:  Unless a Change of Control
          includes a Business Combination (as defined in Section 5.6(b)(iii)
          hereof), 'Post-Transaction Corporation' shall mean the Company after
          the Change of Control.  If a Change of Control includes a Business
          Combination, 'Post-Transaction Corporation' shall mean the corporation
          resulting from the Business Combination unless, as a result of such
          Business Combination, an ultimate parent corporation controls the
          Company or all or substantially all of the Company's assets either
          directly or indirectly, in which case, 'Post-Transaction Corporation'
          shall mean such ultimate parent corporation.

     Executed effective this 1st day of October, 1999.

                              TIDEWATER INC.

                              By:     /s/ Ken C. Tamblyn
                                 ________________________________
                                          Ken C. Tamblyn
                                    Executive Vice President and
                                      Chief Financial Officer

ATTEST:

   /s/ Michael L. Goldblatt
___________________________________
       Michael L. Goldblatt
       Assistant Secretary

                                      -8-
<PAGE>

                                                                       EXHIBIT I

                     RETIREMENT PLAN FOR OUTSIDE DIRECTORS

                          Beneficiary Designation Form

      This Beneficiary Designation Form is delivered pursuant to the terms
           of the Retirement Plan for Outside Directors (the "Plan").

     1.   Beneficiary Designation.  The Outside Director requests that, in the
event of his or her death at any time prior to the date on which any benefits
are paid, or commence to be paid, under the Plan, the death benefit (if any)
under the Plan for the Outside Director shall be paid in a lump sum to the
following Beneficiary or Beneficiaries:

______________________________________________________________________________
Name of Beneficiary Percent         Name of Beneficiary Percent

______________________________________________________________________________
Address                             Address

_______________________________________________________________________________
Relationship                        Relationship

(Note:  Attach additional sheet of paper, if needed.)

     2.   Changes.  The Outside Director may change the Beneficiary(ies) at any
time by executing another copy of this beneficiary designation form.

     3.   Terms of Plan Govern.  Death benefits shall be determined in
accordance with the terms of Section 3.8 of the Plan.

     IN WITNESS WHEREOF, the Outside Director has executed this beneficiary
designation on the ______ day of ________________, 19___.

_________________________           ___________________________________
Witness                             Name of Outside Director

                                    ___________________________________
                                    Signature

Receipt Acknowledged:      Tidewater Inc.

                           By:________________________

                           Date:______________________

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