Document:

Amendment Number Two to the Retirement Plan

 EXHIBIT 10.42 
 AMENDMENT NUMBER TWO 
 TO THE 
 TIDEWATER INTERNATIONAL SUPPLEMENTAL 
 EXECUTIVE RETIREMENT PLAN 
 WHEREAS, Tidewater Crewing Limited (“Tidewater Crewing” or the “Employer” with respect to Eligible Employees of Tidewater Crewing
Limited) and Tidewater Marine North Sea Limited (“Tidewater North Sea” or the “Employer” with respect to Eligible Employees of Tidewater Marine North Sea Limited) sponsor the Tidewater International Supplemental Executive
Retirement Plan (the “Plan”); 
 WHEREAS, the Plan was adopted effective November 1, 2003. The Plan has been amended from time to
time, most recently restated effective January 1, 2008, and further amended on December 10, 2008; and 
 WHEREAS, the Employers wish
to amend the Plan to make certain changes to the manner in which the plan is administered; 
 NOW, THEREFORE, the Employers hereby amend the
Plan, effective January 22, 2009, as follows: 
 I. 
 Article 3, Administration, is amended and restated to read as follows: 
 This Plan shall be administered by the Employee Benefits
Committee (the “Employee Benefits Committee” or the “Committee”). The respective powers and obligations of the Employee Benefits Committee, the Board of Directors of the Company (the “Board of Directors”) and the
Compensation Committee of the Board of Directors (the “Compensation Committee”) are the same as those set forth in the Pension Plan document, but modified to take into account that this Plan is an unfunded plan for highly-compensated
employees. Subject to the terms of this Article 3, the Employee Benefits Committee shall have full power and authority to interpret, construe and administer this Plan, and such governing body’s interpretations and constructions hereof and
actions hereunder, including the timing, form, amount or recipient of any payment to be made hereunder, within the scope of its authority, shall be binding and conclusive on all persons for all purposes. No member of a governing body shall be liable
to any person for any action taken or omitted in connection with the interpretation and administration of this Plan, unless attributable to his own willful misconduct or lack of good faith. Each administrator shall be fully indemnified as provided
in the Pension Plan. The Company may purchase fiduciary insurance covering officers, directors and employees. A member of the Employee Benefits Committee shall not participate in any action or determination regarding his own benefits hereunder. Any
action or determination that affects in a substantive manner the benefits of participants shall be submitted to the Compensation Committee for approval. 
  

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 II. 
 The second sentence of the second paragraph in Article 4, Eligibility, shall be amended to read as follows: 
 Notwithstanding the foregoing, the Compensation Committee may, in its discretion, determine to increase benefits hereunder, credit an Eligible Employee with an additional period of service hereunder, accelerate the time or times of payment
of benefits hereunder or change the date (but not retroactively) on which benefits cease to accrue for an Employee or terminating Employee. 
 III. 
 The first clause of Article 5, Amount of Supplemental Pension Benefit for Eligible Employees of Tidewater Crewing,
shall be amended to read as follows: 
 Unless otherwise determined by the Compensation Committee under Article 4, the amount of supplemental
pension benefit shall be: 
 IV. 
 The first sentence of Article 5(c), Amount of Supplemental Pension Benefit for Eligible Employees of Tidewater Crewing, shall be amended to read as follows: 
 The computation in paragraph (i) above shall be made as to take into account any change authorized by the Compensation Committee as permitted in
Article 4 hereof. 
 V. 
 The
first clause of Article 6, Amount of Supplemental Pension Benefit for Eligible Employees of Tidewater North Sea, shall be amended to read as follows: 
 Unless otherwise determined by the Compensation Committee under Article 4, the amount of supplemental pension benefit shall be: 
 VI. 
 The first sentence of Article 6(c), Amount of Supplemental Pension Benefit for Eligible Employees
of Tidewater North Sea, is amended to read as follows: 
 The computation in paragraph (i) above shall be made as to take into
account any change authorized by the Compensation Committee as permitted in Article 4 hereof. 
 VII. 
 The first clause of the second paragraph of Article 7.1, Time and Form of Payout, is amended to read as follows: 
 Notwithstanding, a Participant may elect on a form provided by the Employee Benefits Committee, 
  

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 VIII. 
 Article 10, Amendment and Discontinuance, is amended to add an additional paragraph as follows: 
 The
Compensation Committee must approve any amendment to the Plan that is a material substantive amendment. Amendments that are not material substantive amendments may be approved by the Employee Benefits Committee without the necessity of Compensation
Committee approval. Whether an amendment is a material substantive amendment shall be determined by the Employee Benefits Committee; provided, however, that any amendment that would result in a material increase in the cost of the Plan to the
Employers or in the benefits provided shall be considered to be a material substantive amendment. 
 IN WITNESS WHEREOF, the parties
hereto have caused this amendment to be executed this                     , 2009. 
  

							
	WITNESSES:	 		 	TIDEWATER CREWING LIMITED
				
	  
	 		 	By:	 	 /s/    Bruce D. Lundstrom

	  
  
	 		 		 	 Bruce D. Lundstrom
 Vice President and
Secretary

			
		 		 	TIDEWATER MARINE NORTH SEA LIMITED
				
		 		 	By:	 	 /s/    Dean Taylor

		 		 		 	Dean Taylor, Director

  

 3Amendment Number One to the Employees' Supplemental Savings Plan

 EXHIBIT 10.43 
 AMENDMENT NUMBER ONE 
 TO THE 
 TIDEWATER EMPLOYEES’ SUPPLEMENTAL SAVINGS PLAN 
 WHEREAS, Tidewater Inc. (the “Company”) sponsors the Tidewater
Employees’ Supplemental Savings Plan (the “Plan”); 
 WHEREAS, the Plan was adopted effective November 1, 1987. The Plan has
been amended from time to time and most recently restated effective January 1, 2008; and 
 WHEREAS, the Company wishes to amend the Plan
to make certain changes to the manner in which the plan is administered; 
 NOW, THEREFORE, the Company hereby amends the Plan, effective
January 22, 2009, as follows: 
 I. 
 Article 6,
Plan Administration, is amended and restated to read as follows: 
 This Plan shall be administered by the Employee Benefits Committee of
the Company (the “Employee Benefits Committee” or the “Committee”). The respective powers and obligations of the Employee Benefits Committee, the Board of Directors of the Company (the “Board of Directors”) and the
Compensation Committee of the Board of Directors of the Company (the “Compensation Committee”) are the same as those set forth in the Savings Plan document, but modified to take into account that this Plan is an unfunded plan for
highly-compensated employees. Subject to the terms of this Article 6, the Employee Benefits Committee shall have full power and authority to interpret, construe and administer this Plan, and such governing body’s interpretations and
constructions hereof and actions hereunder, including the timing, form, amount or recipient of any payment to be made hereunder, within the scope of its authority, shall be binding and conclusive on all persons for all purposes. No member of a
governing body shall be liable to any person for any action taken or omitted in connection with the interpretation and administration of this Plan, unless attributable to his own willful misconduct or lack of good faith. Each administrator shall be
fully indemnified as provided in the Savings Plan. The Company may purchase fiduciary insurance covering officers, directors and employees. A member of the Employee Benefits Committee shall not participate in any action or determination regarding
his own benefits hereunder. Any action or determination that affects in a substantive manner the benefits of participants shall be submitted to the Compensation Committee for approval. 
 II. 
 Section 10.2, Amendment, is amended and restated to read as follows: 

The Compensation Committee must approve any amendment to the Plan that is a material substantive amendment; provided that no amendment shall operate to deprive
any Participant or Beneficiary of any vested rights in their Deferred Compensation Accounts accrued to them under 
  

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 the Plan and Trust prior to such amendment. Amendments that are not material substantive amendments may be approved by
the Employee Benefits Committee without the necessity of Compensation Committee approval. Whether an amendment is a material substantive amendment shall be determined by the Employee Benefits Committee; provided, however, that any amendment that
would result in a material increase in the cost of the Plan to the Company or to the benefits provided shall be considered to be a material substantive amendment. No amendment shall cause an acceleration of payments to the Participant in violation
of the provisions of Code Section 409A and the Treasury Regulations thereunder nor shall any amendment otherwise violate such Code Section and Treasury Regulations. If any provision of this Plan is capable of being interpreted in more than one
manner, then to the extent feasible, the provision shall be interpreted in a manner that does not result in an excise tax under Code Section 409A. 
 III. 
 The portion of the first sentence of Section 10.2, Termination, that precedes
subparagraph (a) is amended and restated to read as follows: 
 The Board of Directors may terminate the Plan and accelerate any
payments due (or that may become due) under the Plan: 
 IN WITNESS WHEREOF, the parties hereto have caused this amendment to be
executed this      day of                     , 2009. 
  

							
	WITNESSES:	 		 	TIDEWATER INC.
				
	  
	 		 	By:	 	 /s/    Bruce D. Lundstrom

		 		 		 	Bruce D. Lundstrom
	  
  
	 		 		 	 Executive Vice President,
 General Counsel and
Secretary

  

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