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Exhibit 10.8  

 
 

TRANSMONTAIGNE SERVICES INC.
  LONG-TERM INCENTIVE PLAN
  EMPLOYEE RESTRICTED UNIT AGREEMENT    
    

        This Restricted Unit Agreement ("Agreement") between TransMontaigne Services Inc. (the "Company")
and                        (the "Grantee"), an employee of the
Company or its Affiliates, regarding an award ("Award") of            Units (as defined in the TransMontaigne Services Inc. Long-Term Incentive Plan (the "Plan")) granted to the
Grantee on                        (the "Grant Date"), such number of Units subject to adjustment as provided in the Plan, and
further subject to the following terms and conditions: 

        1.     Relationship to Plan. This Award is subject to all of the terms, conditions and provisions of the Plan and administrative
interpretations thereunder, if any, which have been adopted by the Committee thereunder and are in effect on the date hereof. Except as defined herein, capitalized terms shall have the same meanings
ascribed to them under the Plan. 

        2.     Vesting Schedule.

        (a)   This
Award shall vest in installments in accordance with the following schedule: 

	Date
 
	 	Vested Increment
	 	Total Vested Percentage

	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

        The
number of Restricted Units that vest as of each date described above will be rounded down to the nearest whole Restricted Unit, with any remaining Restricted Units to vest with the
final installment. The Grantee must continuously perform services for the Company or any of its Affiliates from the Grant Date through the applicable vesting date in order for the Award to become
vested with respect to additional Units on such date. 

        (b)   All
Units subject to this Award shall vest upon the occurrence of a Change in Control, irrespective of the limitations set forth in subparagraph (a) above,
provided that the Grantee has continuously performed services for the Company or any of its Affiliates from the Grant Date through the date of the "Change in Control" (as hereinafter defined). 

        (c)   "Change
in Control" shall be deemed to have occurred upon the occurrence of one or more of the following events: (i) any sale, lease, exchange or other transfer
(in one or a series of related transactions) of all or substantially all of the assets of the Partnership or the General Partner to any "person" or "group" (within the meaning of
Sections 13(d) and 14(d)(2) of the Securities Exchange Act of 1934, as amended) other than the Partnership, the General Partner, the Company or any of their Affiliates,
(ii) any merger, reorganization, consolidation or other transaction pursuant to which more than 40% of the combined voting power of the equity interests in the General Partner ceases to be
beneficially owned by TransMontaigne Inc. or its Affiliates, (iii) a "change in control" of TransMontaigne Inc., as provided in the TransMontaigne Inc. Equity Incentive
Plan, (iv) the General Partner ceases to be an Affiliate of TransMontaigne Inc. 

        3.     Forfeiture of Award. If the Grantee's employment terminates by reason of death or disability (within the meaning of
Section 22(e)(3) of the Code), a pro rata portion of the Units granted pursuant to this Award shall be vested based on the ratio between (1) the number of full months of
service completed from the Grant Date to the termination date and (2) the total number of full months of service for all of the Units to become vested. After giving effect to the
preceding sentence, all unvested Restricted Units shall be immediately forfeited as of the date of the Grantee's termination of service for any reason.

 

        4.     Escrow of Units. During the period of time between the Grant Date and the earlier of the date the Restricted Units vest or
are forfeited (the "Restriction Period"), the Restricted Units shall be registered in the name of the Grantee. The Restricted Units may be retained by the transfer agent or certificates may be held in
escrow by the Company, together with a unit power endorsed by the Grantee in blank if so required by the Company. Any certificate issued and held by the Company shall bear a legend as provided by the
Company, conspicuously referring to the terms, conditions and restrictions described in this Agreement. Upon termination of the Restriction Period, the Company shall release the restrictions on any
vested Units and a certificate representing such vested Units shall be delivered to the Grantee as promptly as is reasonably practicable following such termination or, at the Company's option, shall
be delivered in street name to a brokerage account established by the Grantee. 

        5.     Code Section 83(b) Election. The Grantee shall be permitted to make an election under
Section 83(b) of the Code, to include an amount in income in respect of the Award of Restricted Units in accordance with the requirements of Section 83(b) of the Code. 

        6.     Distributions and Voting Rights. The Grantee is entitled to receive all cash distributions made with respect to Restricted
Units registered in Grantee's name and is entitled to vote such Restricted Units, unless and until the Restricted Units are forfeited. 

        7.     Acceptance of Grant. The Grantee must accept the grant of the Restricted Units contemplated in this Agreement by signing
and returning a fully executed original of this Agreement to the Company in accordance with Section 8 below no later than forty-five (45) days from the Grant Date (the
"Acceptance Period"). In the event the last day of the Acceptance Period should fall on a Saturday, Sunday or Federal holiday, the last day of the Acceptance Period shall be deemed to be the next
following business day. 

        In
the event a fully-executed original of this Agreement is not received by the Company prior to the expiration of the Acceptance Period, the Grantee shall be deemed to have rejected the
grant of Restricted Units referenced herein and such grant shall be deemed cancelled and null and void ab initio. 

        8.     Notices. Any notices provided for in this Agreement or in the Plan shall be given in writing and shall be deemed
effectively delivered or given upon receipt in the case of personal delivery or, in the case of notices delivered by certified or registered mail, upon the second day after deposit in the United
States mails, postage prepaid and properly addressed as set forth below: 

        (a)   If
to the Company, to TransMontaigne Services Inc., Attention: General Counsel, 1670 Broadway, Suite 3100, Denver, Colorado 80202, or at such other address
as may be furnished in writing to the Grantee; or 

        (b)   If
to the Grantee, to the Grantee's home address as listed in the records of the Company. 

        Any
party may send any notice, request, demand, claim or other communication hereunder to the intended recipient at the address set forth above using any other means (including expedited
courier, messenger service, telecopy, ordinary mail or electronic mail), but no such notice, request, demand, claim or other communication shall be deemed to have been duly given unless and until it
actually is received by the intended recipient. 

        9.     Assignment of Award. Except as otherwise permitted by the Committee, the Grantee's rights under this Agreement and the
Plan are personal; no assignment or transfer of the Grantee's rights under and interest in this Award may be made by the Grantee other than by will, by beneficiary designation, by the laws of descent
and distribution or by a qualified domestic relations order. 

        10.   Unit Certificates. Certificates representing the Units issued pursuant to the Award will bear all legends required by law
and necessary or advisable to effectuate the provisions of the Plan and this

 
Award. The Company may place a "stop transfer" order against Units issued pursuant to this Award until all restrictions and conditions set forth in the Plan or this Agreement and in the legends
referred to in this Section 10 have been complied with. 

        11.   Withholding. No certificates representing Units hereunder shall be delivered to or in respect of a Grantee unless the
amount of all federal, state and other governmental withholding tax requirements imposed upon the Company with respect to the issuance of such Units has been remitted to the Company or unless
provisions to pay such withholding requirements have been made to the satisfaction of the Committee. The Committee may make such provisions as it may deem appropriate for the withholding of any taxes
which it determines is required in connection with this Award. The Grantee may pay all or any portion of the taxes required to be withheld by the Company or paid by the Grantee in connection with the
vesting of all or any portion of this Award by delivering cash, or, with the Committee's approval, by electing to have the Company withhold Units, or by delivering previously owned Units, having a
Fair Market Value equal to the amount required to be withheld or paid. The Grantee may only request the withholding of Units having a Fair Market Value equal to the statutory minimum withholding
amount applicable to employees. The Grantee must make the foregoing election on or before the date that the amount of tax to be withheld is determined. 

        12.   No Employment Guaranteed. No provision of this Agreement shall confer any right upon the Grantee to continued employment
with the Company or any Affiliate. 

        13.   Governing Law. This Agreement shall be governed by, construed, and enforced in accordance with the laws of the State of
Colorado without giving effect to any choice or conflict of law provision or rule (whether of such state or any other jurisdiction) that would cause the application of the laws of any jurisdiction
other than such state. 

        14.   Amendment. This Agreement cannot be modified, altered or amended, except by an agreement, in writing, signed by both the
Company and the Grantee. 

	

 	
 	
TRANSMONTAIGNE SERVICES INC.
	

Date:	
 	

By:	
 	

	 	 	Name:	 	

	 	 	Title:	 	

        The
Grantee hereby accepts the foregoing Agreement, subject to the terms and provisions of the Plan and administrative interpretations thereof referred to above. 

	

 	
 	
GRANTEE:
	
Date:	
 	

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Exhibit 10.9  

 
 

TRANSMONTAIGNE SERVICES INC.
  LONG-TERM INCENTIVE PLAN
  NON-EMPLOYEE DIRECTOR RESTRICTED UNIT AGREEMENT    
    

        This Restricted Unit Agreement ("Agreement") between TransMontaigne Services Inc. (the "Company")
and                        (the "Grantee"), a
Non-Employee Director of the General Partner, regarding an award ("Award") of            Units (as defined in the TransMontaigne Services Inc. Long-Term Incentive
Plan (the "Plan")) granted to the Grantee on                        (the "Grant Date"), such number of Units subject to adjustment
as provided in the Plan, and further subject to the following terms and
conditions: 

        1.     Relationship to Plan. This Award is subject to all of the terms, conditions and provisions of the Plan and administrative
interpretations thereunder, if any, which have been adopted by the Committee thereunder and are in effect on the date hereof. Except as defined herein, capitalized terms shall have the same meanings
ascribed to them under the Plan. 

        2.     Vesting Schedule.

        (a)   This
Award shall vest in installments in accordance with the following schedule: 

	Date
 
	 	Vested Increment
	 	Total Vested Percentage

	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

        The
number of Restricted Units that vest as of each date described above will be rounded down to the nearest whole Restricted Unit, with any remaining Restricted Units to vest with the
final installment. The Grantee must be continuously serving as a Non-Employee Director, Employee or Consultant from the Grant Date through the applicable vesting date in order for the
Award to become vested with respect to additional Units on such date. 

        (b)   All
Units subject to this Award shall vest upon the occurrence of a Change in Control, irrespective of the limitations set forth in subparagraph (a) above,
provided that the Grantee has been continuously serving as a Non-Employee Director from the Grant Date through the date of the "Change in Control" (as hereafter defined). 

        (c)   "Change
in Control" shall be deemed to have occurred upon the occurrence of one or more of the following events: (i) any sale, lease, exchange or other transfer
(in one or a series of related transactions) of all or substantially all of the assets of the Partnership or the General Partner to any "person" or "group" (within the meaning of
Sections 13(d) and 14(d)(2) of the Securities Exchange Act of 1934, as amended) other than the Partnership, the General Partner, the Company or any of their Affiliates,
(ii) any merger, reorganization, consolidation or other transaction pursuant to which more than 40% of the combined voting power of the equity interests in the General Partner ceases to be
beneficially owned by TransMontaigne Inc. or its Affiliates, (iii) a "change in control" of TransMontaigne Inc., as provided in the TransMontaigne Inc. Equity Incentive
Plan, (iv) the General Partner ceases to be an Affiliate of TransMontaigne Inc. 

        3.     Forfeiture of Award. If the Grantee's service terminates by reason of death or disability (within the meaning of
Section 22(e)(3) of the Code), a pro rata portion of the Units granted pursuant to this Agreement shall be vested based on the ratio between (1) the number of full months
of service completed from the Grant Date to the termination date and (2) the total number of full months of service required for all of the Units to become vested. After giving effect to
the preceding sentence, all unvested Restricted Units shall be immediately forfeited as of the date of the Grantee's termination of service for any reason.

 

        4.     Escrow of Units. During the period of time between the Grant Date and the earlier of the date the Restricted Units vest or
are forfeited (the "Restriction Period"), the Restricted Units shall be registered in the name of the Grantee. The Restricted Units may be retained by the transfer agent or certificates may be held in
escrow by the Company, together with a unit power endorsed by the Grantee in blank if so required by the Company. Any certificate issued and held by the Company shall bear a legend as provided by the
Company, conspicuously referring to the terms, conditions and restrictions described in this Agreement. Upon termination of the Restriction Period, the Company shall release the restrictions on any
vested Units and a certificate representing such vested Units shall be delivered to the Grantee as promptly as is reasonably practicable following such termination or, at the Company's option, shall
be delivered in street name to a brokerage account established by the Grantee. 

        5.     Code Section 83(b) Election. The Grantee shall be permitted to make an election under
Section 83(b) of the Code, to include an amount in income in respect of the Award of Restricted Units in accordance with the requirements of Section 83(b) of the Code. 

        6.     Distributions and Voting Rights. The Grantee is entitled to receive all cash distributions made with respect to Restricted
Units registered in Grantee's name and is entitled to vote such Restricted Units, unless and until the Restricted Units are forfeited. 

        7.     Acceptance of Grant. The Grantee must accept the grant of the Restricted Units contemplated in this Agreement by signing
and returning a fully executed original of this Agreement to the Company in accordance with Section 8 below no later than forty-five (45) days from the Grant Date (the
"Acceptance Period"). In the event the last day of the Acceptance Period should fall on a Saturday, Sunday or Federal holiday, the last day of the Acceptance Period shall be deemed to be the next
following business day. 

        In
the event a fully-executed original of this Agreement is not received by the Company prior to the expiration of the Acceptance Period, the Grantee shall be deemed to have rejected the
grant of Restricted Units referenced herein and such grant shall be deemed cancelled and null and void ab initio. 

        8.     Notices. Any notices provided for in this Agreement or in the Plan shall be given in writing and shall be deemed
effectively delivered or given upon receipt in the case of personal delivery or, in the case of notices delivered by certified or registered mail, upon the second day after deposit in the United
States mails, postage prepaid and properly addressed as set forth below: 

        (a)   If
to the Company, to TransMontaigne Services Inc., Attention: General Counsel, 1670 Broadway, Suite 3100, Denver, Colorado 80202, or at such other address
as may be furnished in writing to the Grantee; or 

        (b)   If
to the Grantee, to the Grantee's home address as listed in the records of the Company. 

        Any
party may send any notice, request, demand, claim or other communication hereunder to the intended recipient at the address set forth above using any other means (including expedited
courier, messenger service, telecopy, ordinary mail or electronic mail), but no such notice, request, demand, claim or other communication shall be deemed to have been duly given unless and until it
actually is received by the intended recipient. 

        9.     Assignment of Award. Except as otherwise permitted by the Committee, the Grantee's rights under this Agreement and the
Plan are personal; no assignment or transfer of the Grantee's rights under and interest in this Award may be made by the Grantee other than by will, by beneficiary designation, by the laws of descent
and distribution or by a qualified domestic relations order. 

        10.   Unit Certificates. Certificates representing the Units issued pursuant to the Award will bear all legends required by law
and necessary or advisable to effectuate the provisions of the Plan and this

 
Award. The Company may place a "stop transfer" order against Units issued pursuant to this Award until all restrictions and conditions set forth in the Plan or this Agreement and in the legends
referred to in this Section 10 have been complied with. 

        11.   Withholding. No certificates representing Units hereunder shall be delivered to or in respect of a Grantee unless the
amount of all federal, state and other governmental withholding tax requirements imposed upon the Company with respect to the issuance of such Units has been remitted to the Company or unless
provisions to pay such withholding requirements have been made to the satisfaction of the Committee. The Committee may make such provisions as it may deem appropriate for the withholding of any taxes
which it determines is required in connection with this Award. Whether or not withholding tax requirements are imposed upon the Company, the Grantee may pay all or any portion of the taxes required to
be paid by the Grantee in connection with the vesting of all or any portion of this Award by delivering cash, or, with the Committee's approval, by electing to have the Company withhold Units, or by
delivering previously owned Units, having a Fair Market Value equal to the amount required to be paid. The Grantee may only request the withholding of Units having a Fair Market Value equal to the
statutory minimum withholding amount applicable to employees. The Grantee must make the foregoing election on or before the date that the amount of tax to be withheld is determined. 

        12.   No Guarantee of Continued Service. No provision of this Agreement shall confer any right upon the Grantee to continue
serving as a Non-Employee Director. 

        13.   Governing Law. This Agreement shall be governed by, construed, and enforced in accordance with the laws of the State of
Colorado without giving effect to any choice or conflict of law provision or rule (whether of such state or any other jurisdiction) that would cause the application of the laws of any jurisdiction
other than such state. 

        14.   Amendment. This Agreement cannot be modified, altered or amended, except by an agreement, in writing, signed by both the
Company and the Grantee. 

	

 	
 	
TRANSMONTAIGNE SERVICES INC.
	

Date:	
 	

By:	
 	

	 	 	Name:	 	

	 	 	Title:	 	

        The
Grantee hereby accepts the foregoing Agreement, subject to the terms and provisions of the Plan and administrative interpretations thereof referred to above. 

	

 	
 	
GRANTEE:
	
Date:	
 	

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TRANSMONTAIGNE SERVICES INC. LONG-TERM INCENTIVE PLAN NON-EMPLOYEE DIRECTOR RESTRICTED UNIT AGREEMENT

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