Document:

Filed by Bowne Pure Compliance

December 31, 2008

Scott R. Silverman

c/o VeriChip Corporation

1690 South Congress Avenue, Suite 200

Delray Beach, Florida 33445

Dear Scott:

VeriChip Corporation, a Delaware corporation (the “Company”), desires to retain your executive services from
December 1, 2008 through December 31, 2009. You will serve as the Company’s Executive Chairman. Your responsibilities
will include your involvement in the day-to-day management of the Company and any other responsibilities that the
Company’s Board of Directors and you determine to be reasonable in the future.

Upon the execution of this letter agreement, the separation agreement between the Company and you, dated May 15,
2008 (the “Separation Agreement”), will be superseded by the provisions set forth below and will have no further force
or effect; provided, however, that Sections I.B., I.E., II.B. and II.C. of the Separation Agreement shall survive, and
you shall remain subject to those provisions.

	 	1.	 	Salary – You hereby elect to accept 601,852 restricted shares of the Company’s common stock as
compensation (in lieu of cash compensation) for executive services rendered to the Company from December 1,
2008 through December 31, 2009. These shares will be issued upon the later to occur of (i) stockholder
approval of the Company’s Amended and Restated 2007 Stock Incentive Plan (the “Amended and Restated 2007
Plan”) or (ii) the filing of the Form S-8, as amended, to reflect the Amended and Restated 2007 Plan. These
 shares will be subject to a substantial risk of forfeiture in the event that you fail to remain involved in
the day-to-day management of the Company (as determined by the Company’s Board of Directors) until the
earlier to occur of (i) January 1, 2010 or (ii) a Change in Control (as defined in the Amended and Restated
2007 Plan). If you remain involved in the day-to-day management of the Company (as determined by the
Company’s Board of Directors), these shares will vest upon the earlier to occur of (i) January 1, 2010 or
(ii) a Change in Control (as defined in the Amended and Restated 2007 Plan). Notwithstanding the foregoing,
in the event of such a Change in Control during 2009, you will be entitled to receive a cash payment of
$25,000 per month following the Change in Control for a period of not less than 12 months from the closing of
the Change in Control transaction, provided (i) you become or remain a director of the acquiring company or, in
the case of a merger, the surviving entity, and (ii) you do not voluntarily resign as
a director for 12 months from the closing of the Change in Control transaction.

	 	2.	 	Term – This letter agreement will be in effect from the date of execution until December 31, 2009,
unless the term ends earlier upon a Change in Control (as defined in the Amended and Restated 2007 Plan) of
the Company or unless earlier terminated as provided herein. The Company may terminate this letter agreement
upon 30 days’ prior written notice to you, subject to the terms defined in section 1 above. However, you may
not terminate this letter agreement prior to the expiration of the term.

 

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	 	3.	 	Benefits – You will be entitled to the use of one car, which will be leased by the Company, during your
service to the Company from December 1, 2008 through December 31, 2009.

	 	4.	 	Bonus/Incentive Compensation – You will not be entitled to receive any form of a bonus or incentive
compensation for services rendered to the Company during fiscal years 2008 and 2009.

	 	5.	 	Equipment – You will be entitled to keep the computer and electronic communications equipment that you
currently use. All Company files or information on such equipment is the property of the Company and shall
be returned to the Company upon the termination of this letter agreement.

	 	6.	 	Governing Law and Venue – The internal substantive laws of the State of Florida, excluding its conflict
and choice of law principles, shall govern all questions related to the execution, construction, validity,
interpretation and performance of this letter agreement and to all other issues and claims arising under or
related to it. Any action to enforce the terms of this letter agreement shall be brought in a court of
competent jurisdiction located in West Palm Beach, Florida.

	 	7.	 	Severability – The provisions of this letter agreement are fully severable. Therefore, if any
provision of this letter agreement is for any reason determined to be invalid or unenforceable, such
invalidity or unenforceability will not affect the validity or enforceability of any of the remaining
provisions. Furthermore, any invalid or unenforceable provisions will be modified or restricted to the
extent, and in the manner, necessary to render the same valid and enforceable, or, if such provision cannot
under any circumstances be modified or restricted, it will be excised from the agreement without affecting
the validity or enforceability of any of the remaining provisions.

	 	8.	 	Entire Agreement – This letter agreement sets forth the entire agreement between the parties hereto,
and supersedes any prior agreements between the parties hereto pertaining to the subject matter of this
letter agreement. As indicated above, however, Sections I.B., I.E., II.B. and II.C. of the Separation
Agreement shall survive, and you shall remain subject to those provisions.

	 	9.	 	No Representations – The parties to this letter agreement acknowledge that, except as set forth herein,
no representations of any kind or character have been made by any other party or the party’s agents,
representatives, or attorneys to induce the execution of this letter agreement. It is further understood and
agreed that you have not relied upon any advice whatsoever from the Company or the Company’s attorneys in
agreeing to enter into this letter agreement.

	 	10.	 	No Modification and Waiver – No modification or waiver of the terms of this letter agreement shall be
effective, unless it appears in a writing signed by both parties to this letter agreement.

	 	11.	 	Interpretation of Agreement – The language of all parts in this letter agreement shall be construed as
a whole, according to fair meaning, and not strictly for or against any party to this letter agreement
notwithstanding any later-claimed ambiguities.

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	 	12.	 	Successors and Assigns – This letter agreement will be binding upon, and will inure to the benefit of,
you and your personal and legal representatives, heirs, devisees, executors, successors, and assigns, and the
Company and its successors and assigns.

	 	13.	 	Counterparts – This letter agreement may be executed in one or more counterparts, each of which shall
be deemed an original, but all of which shall constitute one and the same instrument. Furthermore,
signatures delivered via facsimile transmission shall have the same force and effect as the originals
thereof, except that any party to this letter agreement has the right to insist on receipt of the original
signature of the other party before complying with its own obligations under this letter agreement.

[remainder of page intentionally left blank; signature page follows]

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	Sincerely,

	 	Accepted by:
	
VERICHIP CORPORATION
 

	 	
	/s/ William J. Caragol

	 	/s/ Scott R. Silverman
	 

	 	 
	William J. Caragol

President and Chief Financial Officer

	 	Scott R. Silverman

Executive Chairman

 

4Filed by Bowne Pure Compliance

Exhibit 10.1

HELIX ENERGY SERVICES GROUP, INC.

2009 LONG-TERM INCENTIVE CASH PLAN

As adopted by the Compensation Committee of the Board of Directors of Helix Energy Solutions Group, Inc.
on January 2, 2009.

1. Purpose.

The purpose of the Helix Energy Solutions Group, Inc. 2009 Long-Term Incentive Cash Plan (the “Plan”) is to assist
Helix Energy Solutions Group, Inc. and its subsidiaries (collectively, the “Company”) in attracting, retaining, and
motivating certain executives, officers and other key employees of the Company by providing them with additional long
term cash incentives. The purpose of the Plan is to be achieved by the grant of Awards, as defined below.

2. Eligibility.

Eligibility under the Plan shall be limited to employees of the Company at the time of the grant. The
Compensation Committee (the “Committee”) of the Board of Directors of the Company (the “Board”) may select any
individual, who at the time of the grant is an employee of the Company, to receive an award under the Plan based in
part upon the recommendations of the Company’s Chief Executive Officer (“CEO”).

3. Administration.

(a) Administrator. The Plan shall be administered by the Committee, taking into account the recommendations of the
CEO and of such other senior officers as the Committee may determine. The Committee may delegate its authority to
administer the Plan to a sub-committee of its members or to one or more officers of the Company. The term
“Administrator” shall mean the Committee, or any such sub-committee or officer to which authority has been delegated.
The Administrator may rely on the services of the Company’s Human Resources department as necessary or convenient for
the administration of the Plan.

(b) Powers and Authority. The Administrator shall have full power and authority to establish the rules and
regulations relating to the Plan, to interpret the Plan and those rules and regulations, to select eligible persons who
will receive Awards (“Award Recipients”), to determine each Award Recipient’s Award Term, Performance Goals (if any),
and Payout Amount, each as defined below, to make all factual and other determinations in connection with the Plan, and
to take all other actions necessary or appropriate for the proper administration of the Plan, including the delegation
of such authority or power, where appropriate. All powers of the Administrator shall be executed in its sole
discretion, in the best interest of the Company, and in keeping with the objectives of the Plan and need not be uniform
as to similarly situated individuals. The Administrator’s administration of the Plan, including all such rules and
regulations, interpretations, selections, determinations, approvals, decisions, delegations, amendments, terminations
and other actions, shall be final and binding on the Company and all Award Recipients and their respective
beneficiaries.

4. Awards.

(a) Award Defined. An “Award” is a right to receive a cash payment, contingent on (a) the Recipient continuing
his or her employment with the Company over the Award Term, or (b) (i) the achievement of certain Performance Goals
over the Award Term, each as defined below, and (ii) the Committee’s assessment of the performance of the Company
and/or the Award Recipient over the Award Term, in each case as determined by the Committee in its sole discretion and
set forth in the Award Recipient’s Award Letter.

 

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(b) Award Term. Awards will be measured and vest over such period of time as shall be established by the
Administrator (the “Award Term”). Award Terms may be of varying and overlapping durations. The Award Term may be
divided into, and the achievement of the Performance Goals determined, in a number of periods during the Award Term
(“Award Periods’). Awards shall be subject to forfeiture until the conclusion of the Award Term as provided in
Section 5 below and in the Award Letter.

(c) Performance Goals. The Administrator shall establish the performance goals for each Award Term, if applicable.
The performance goals, if any, may include any one or more of several criteria, such as, but not limited to, capital
management, term of service, return on capital employed, revenue growth, market share, margin growth, return on equity,
total stockholder return, increase in net after-tax earnings per share, market price per share, growth in market price
per share, increase in operating pre-tax earnings, operating profit or improvements in operating profit, improvements
in certain asset or financial measures (including working capital and the ratio of revenues to working capital), credit
quality, expense ratios, pre-tax earnings or variations of income criteria in varying time periods, economic value
added, or general comparisons with other peer companies or industry groups or classifications with regard to one or
more of these criteria (the “Performance Goals”). The Performance Goals may be measured with respect to the Company
alone on an absolute basis, on a relative or comparative basis with such peer companies or index as the Administrator
may select, or in such combination thereof as may be determined by the Administrator. Performance Goals may be based on
the performance of the Company as a whole, or on the performance of a specified business unit or subsidiary, or on the
performance of a group of subsidiaries, divisions or business units. Performance Goals may be measured on a cumulative
basis, or in the alternative on an annual, quarterly or other periodic basis, or in the form of a matrix combining
various Performance Goals and weighting them in any manner that the Administrator may determine. In establishing the
Performance Goals, the Administrator may establish different Performance Goals for individual Award Recipients or
groups of Award Recipients.

(d) Target Award. The Administrator shall establish for each Award Recipient a target award (the “Target Award”).
The Target Award may be a fixed cash amount, a percentage of base salary or expressed as a formula derived for any
measure or amount established by the Administrator in its sole discretion.

(e) Adjustments to Awards due to Certain Circumstances. In order to avoid any undue windfall or hardship due to
external causes, the Administrator may make a determination as to whether a specific Performance Goal has been achieved
without regard to the effect of any change in accounting standards, any change in the outstanding capital stock, any
acquisition or disposition by the Company not planned for at the time the Performance Goals were established or any
other extraordinary, unusual or nonrecurring event or item that would otherwise impact the Company’s or a peer
company’s reported financial performance. In the event any Award is based on market share price or similar measure,
then in the event of changes in the outstanding capital stock of the Company by reason of recapitalizations,
reorganizations, mergers, consolidations, combinations, exchanges or other relevant changes in capitalization occurring
after the date of the grant of any Award, any outstanding Award and any Award Letter evidencing such Award shall be
subject to adjustment by the Committee as to the Performance Goals, the Target Award or any other measure in a manner
and on terms necessary to put the Award Recipient in as nearly equivalent of an economic position as is practicable (as
determined by the Administrator in good faith). In addition, the event the Company disposes of a substantial portion
of its assets without receiving consideration in exchange for such assets, then any outstanding Award and any Award
Letter evidencing such Award shall be subject to adjustment by the Committee as to the Performance Goals, Target Award
or any other measure in a manner and on terms necessary to put the Award Recipient in as nearly equivalent of an
economic position as is practicable (as determined by the Administrator in good faith). The determination of the
Administrator as to the proper adjustments to the Award Letter, if made in good faith, shall be conclusive.

(f) Establishment of Awards. Awards shall be granted by the Administrator in writing not later than 90 days after
the commencement of the period of service to which the Performance Goals relate. Following the establishment of the
Performance Goals, the Administrator shall advise each Award Recipient of the terms and conditions of his or her Award,
through the issuance of an “Award Letter” under the Plan, including the method or formula for determining the payouts.
The Award Letter shall be in such form and contain such provisions not inconsistent with the provisions of the Plan as the Administrator shall determine.
The terms and provisions of the respective Award Letters need not be identical.

 

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(g) Payments under Awards. Upon the conclusion of the Award Period or the Award Term, the Administrator shall
review the extent to which the Performance Goals, if any, were achieved for the Award Period or Award Term for each
Award Recipient and, if so contemplated by the Award Letter, may also consider subjective factors related to the
performance of the Company and/or the Award Recipient during the Award Period or Award Term. The Administrator will
make the final determination of the extent to which the Performance Goals were achieved and the payout amount under the
Award (the “Payout Amount”) for each of the Award Recipients. The Administrator shall promptly notify each Award
Recipient as to the determination of the Payout Amount. The Payout Amount payable to Award Recipients under this Plan
shall be paid solely in cash and shall be paid within 30 days of the end of the Award Term or the end of the applicable
Award Period.

5. Termination of Employment.

(a) Retirement, Death or Disability. If an Award Recipient’s employment with the Company terminates as a result of
such Award Recipient’s retirement, death or disability, any and all outstanding Awards in such Award Recipient’s name
as to which the Award Term has not yet been completed shall be deemed forfeited, shall automatically be canceled and
shall have no further force or effect, unless the Award Letter expressly directs otherwise.

(b) Other Termination. In the event that an Award Recipient’s employment with the Company terminates other than by
reason of death, disability or retirement as provided in Sections 5(a) above, then, any and all outstanding Awards in
such Award Recipient’s name as to which the Award Term has not yet been completed shall be deemed forfeited, shall
automatically be canceled and shall have no further force or effect, unless the Award Letter expressly directs
otherwise.

(d) Change of Control. Notwithstanding the provisions of Section 4 or this Section 5, and unless provided
otherwise in the Award Letter, in the event of a “ Change of Control ” of the Company, as defined below, prior to the
end of an Award Term of any outstanding Award, then the Performance Goals applicable to such Award shall be deemed to
have been satisfied as of the date of such Change of Control to yield a Payout Amount of 100% of the Target Award, and
such Award Recipient shall be entitled to the corresponding payment under such Award as of such date in an amount
calculated pursuant to the terms of the Award Letter (notwithstanding any continued service condition).

(e) “Change in Control” means a “Change in Control Event” within the meaning of Treasury Regulation §
1.409A-3(i)(5) and described in paragraphs (i), (ii) or (iii) below or any combination thereof as permitted in the
Treasury Regulations with respect to the Company:

(i) A change in ownership that occurs when one person or a group (as determined for the purposes of Internal
Revenue Code of 1986, as amended (the “Code”) Section 409A) acquires stock that, combined with stock
previously owned, controls more than fifty percent (50%) of the value or voting power of the stock of the
Company (incremental increases in ownership by a person or group that already owns fifty percent (50%) of the
Company prior to such increase do not result in a change in ownership);

(ii) A change in effective control that occurs on the date that, during any 12-month period, either (x) any
person or group acquires stock possessing thirty percent (30%) or more of the voting power of the Company, or
(y) the majority of the Board (or, if applicable, the board of directors of the Company’s ultimate parent) is
replaced by persons whose appointment or election is not endorsed by a majority of the Board (or, if
applicable, the board of directors of such ultimate parent) prior to the date of the appointment or election;
or

 

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(iii) A change in ownership of a substantial portion of the assets that occurs on the date that a person or
a group acquires, during any 12-month period, assets of the Company having a total gross fair market value equal to eighty-five percent (85%) or more of the total gross fair market value of
all of the Company’s assets; provided, however, that there is no change in control event under this paragraph
(iii) when there is a transfer to: (w) a shareholder of the Company (immediately before the asset transfer)
in exchange for or with respect to its stock; (x) an entity, fifty percent (50%) or more of the total value
or voting power of which is owned, directly or indirectly, by the Company immediately after the asset
transfer; (y) a person, or more than one person acting as a group, that owns immediately after the asset
transfer, directly or indirectly, fifty percent (50%) or more of the total value or voting power of all the
outstanding stock of the Company; or (z) an entity, at least fifty percent (50%) of the total value or voting
power of which is owned, directly or indirectly, by a person described in item (y) within the meaning of Code
Section 409A. For the purposes of this paragraph (iii), “gross fair market value” shall have the meaning as
provided in Code Section 409A.

6. Tax Withholding.

The Company shall deduct from any distributions under any Award any federal, state, or local taxes required by law
to be withheld with respect to such Award Recipient’s Award.

7. Governing Law.

The Plan, including any Award Letter, shall be construed, administered and governed in all respects under and by
the applicable laws of the State of Texas, excluding any conflicts or choice of law rule or principle that might
otherwise refer construction or interpretation to the substantive law of another jurisdiction.

8. Plan Amendment and Termination.

The Board or the Committee may, in its sole discretion, amend, suspend or terminate the Plan at any time, with or
without advance notice to Award Recipients. No amendment, modification or termination of the Plan may adversely affect
in a material manner any right of any Award Recipient with respect to any Award theretofore granted without such Award
Recipient’s written consent. The Company reserves the unilateral right to change any rule under the Plan if it deems
such a change is necessary to avoid the application of the Employee Retirement Income Security Act of 1974, as amended
(“ ERISA ”), to the Plan.

9. Section 409A of the Code.

Awards shall be designed, granted and administered in such a manner that they are either exempt from the
application of, or comply with, the requirements of section 409A of the Code and the final Department of Treasury
regulations issued thereunder.  Each Award Letter for an Award that is intended to comply with Section 409A shall be
construed and interpreted in accordance with such intention.

10. General Provisions.

(a) No Right to Awards or Continued Employment. The Plan is not a contract between the Company and the Award
Recipient. Neither the establishment of the Plan nor the provision for or payment of any amounts hereunder nor any
action of the Company or the Administrator in respect of the Plan or any Award Letter, including the establishment of a
multi-year Award Term, shall be held or construed as giving the Award Recipient any right to be retained by the
Company.

 

(b) No Funding of Plan. The Company shall not be required to fund or otherwise segregate assets, which may at any
time be delivered to Award Recipients under the Plan. The Plan shall constitute an “unfunded” plan of the Company. The
Company shall not, by any provisions of the Plan, be deemed to be a trustee of any property, and any rights of any
Award Recipient or former Award Recipient shall be no greater than those of a general unsecured creditor or stockholder
of the Company, as the case may be.

 

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(c) Notice to Company. Any notice required or permitted to be given under the Plan to the Company shall be
sufficient if in writing and delivered by registered or certified mail to the Company at its principal office, directed
to the attention of the Administrator. Such notice shall be deemed given as of the date of delivery or, if delivery is
made by mail as of the date shown on the postmark, or the receipt for registration or certification.

(d) Notice to Award Recipient. Any notice required or permitted to be given under the Plan to the Award Recipient
shall be sufficient if in writing and delivered by registered or certified mail to the Award Recipient’s principal
residence as reflected in the Company’s personnel records. Such notice shall be deemed given as of the date of delivery
or, if delivery is made by mail as of the date shown on the postmark, or the receipt for registration or certification.

(e) Non-Exclusivity. The Plan does not limit the authority of the Company or the Administrator to grant cash bonus
awards, or authorize or award any other compensation to any person under any other plan or program, including, without
limitation, the issuance of stock options or any other awards under the Company’s equity incentive plans.

(f) Non-Assignable and Non-Transferable. The Award Recipient shall not have any voluntary or involuntary right to
commute, sell, assign, pledge, anticipate, mortgage, or otherwise encumber, transfer, hypothecate, or convey in advance
of actual receipt the amounts, if any, payable hereunder or any part thereof, which are expressly declared to be
unassignable and non-transferable. No part of the amounts payable prior to actual payment shall be subject to seizure
or sequestration for the payment of any debts, judgments, alimony, or separate liabilities or maintenance owed by the
Award Recipient or any other person, or be transferable by operation of law in the event of the Award Recipient’s or
any other person’s bankruptcy or insolvency.

(g) Severability. If any provision of the Plan is held unenforceable, the remainder of the Plan shall continue in
full force and effect and shall be applied as though the unenforceable provision were not contained in the Plan.

 

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