Document:

Form of Directors' and Officers' Indemnification Agreement

 Exhibit 10.43 
  
 INDEMNIFICATION AGREEMENT 
  
 THIS INDEMNIFICATION AGREEMENT (this “Agreement”) is made and entered into as of September
    , 2005, among HORIZON LINES, INC., a Delaware corporation (“Parent”), H-LINES FINANCE HOLDING CORP., a Delaware corporation (“H-Lines Finance”), HORIZON LINES HOLDING
CORP., a Delaware corporation (“HLHC”; together with Parent and H-Lines Finance, the “Companies”), and
                     (“Indemnitee”). 
  
 WITNESSETH THAT: 
  
 WHEREAS, highly competent persons have become more reluctant to serve corporations as [directors][officers] or in other capacities
unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such corporations; 
  
 WHEREAS, the Parent is the sole stockholder of H-Lines Finance, which in turn
is the sole stockholder of HLHC; 
  
 WHEREAS, the Board of
Directors of each Company (each, a “Board”) has determined that, in order to attract and retain qualified individuals, the Companies will attempt to maintain on an ongoing basis, at their sole expense, liability insurance to protect
persons serving the Companies or any of their respective subsidiaries from certain liabilities; although the furnishing of such insurance has been a customary and widespread practice among United States-based corporations and other business
enterprises, the Companies believe that, given current market conditions and trends, such insurance may be available to them in the future only at higher premiums and with more exclusions; at the same time, directors, officers, and other persons in
service to corporations or business enterprises are being increasingly subjected to expensive and time-consuming litigation relating to, among other things, matters that traditionally would have been brought only against the corporations or business
enterprises themselves; in the case of each Company, the Certificate of Incorporation and/or Bylaws of such Company (as amended, the “Fundamental Documents”) require indemnification of the officers and directors of such Company and
certain other persons; Indemnitee may also be entitled to indemnification pursuant to the General Corporation Law of the State of Delaware (the “Delaware General Corporation Law”); and, in the case of each Company, the Fundamental
Documents of such Company and the Delaware General Corporation Law expressly provide that the indemnification provisions set forth therein are not exclusive, and thereby contemplate that contracts may be entered into between such Company and members
of the board of directors and officers of such Company and other persons with respect to indemnification; 
  
 WHEREAS, the uncertainties relating to such insurance and to indemnification have increased the difficulty of attracting and retaining such persons;

  
 WHEREAS, the Board of each Company has determined that the
increased difficulty in attracting and retaining such persons is detrimental to the best interests of the stockholders of the Parent and that the Companies should act to assure such persons that there will be increased certainty of such protection
in the future; 

 WHEREAS, it is reasonable, prudent and necessary for the Companies contractually to obligate themselves
to indemnify, and to advance expenses on behalf of, such persons to the fullest extent permitted by applicable law so that they will serve or continue to serve one or more of the Companies free from undue concern that they will not be so
indemnified; 
  
 WHEREAS, this Agreement is a supplement to and in
furtherance of the Fundamental Documents of each Company and any resolutions adopted pursuant thereto, and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder; and 
  
 WHEREAS, Indemnitee does not regard the protection available under the
Companies’ Fundamental Documents and insurance as adequate in the present circumstances, and may not be willing to serve as an officer or director without adequate protection, and the Companies desire Indemnitee to serve in such capacity.
Indemnitee is willing to serve, continue to serve and to take on additional service for or on behalf of the Companies, or any of them, on the condition that he be so indemnified. 
  
 NOW, THEREFORE, in consideration of Indemnitee’s agreement to serve as [an officer][and][a
director] of [each of the Companies][HLHC] after the date hereof, the parties hereto agree as follows: 
  
 1. Indemnity of Indemnitee. The Companies hereby agree, jointly and severally, to indemnify and hold harmless Indemnitee to the
fullest extent permitted by law, as such may be amended from time to time. In furtherance of the foregoing indemnification, and without limiting the generality thereof: 
  
 (a) Proceedings Other Than Proceedings by or in the Right of the any Company. Indemnitee shall be
entitled to the rights of indemnification provided in this Section l(a) if, by reason of his Covered Status (as hereinafter defined), Indemnitee is, or is threatened to be made, a party to or participant in any Proceeding (as hereinafter
defined) other than a Proceeding by or in the right of any Company. Pursuant to this Section 1(a), Indemnitee shall be indemnified, jointly and severally, by the Companies against all Expenses (as hereinafter defined), judgments, penalties,
fines and amounts paid in settlement actually and reasonably incurred by him, or on his behalf, in connection with such Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner Indemnitee reasonably
believed to be in or not opposed to the best interests of the Companies, and with respect to any criminal Proceeding, had no reasonable cause to believe Indemnitee’s conduct was unlawful. 
  
 (b) Proceedings by or in the Right of any Company.
Indemnitee shall be entitled to the rights of indemnification provided in this Section 1(b) if, by reason of his Covered Status, Indemnitee is, or is threatened to be made, a party to or participant in any Proceeding brought by or in the
right of any Company. Pursuant to this Section 1(b), Indemnitee shall be indemnified, jointly and severally, by the Companies against all Expenses actually and reasonably incurred by Indemnitee, or on Indemnitee’s behalf, in connection
with such Proceeding if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Companies; provided, however, if applicable law so provides, no indemnification against such
Expenses shall be made in respect of any claim, issue or matter in such Proceeding as to which Indemnitee shall have been adjudged to be liable 

  

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to any Company unless and to the extent that the Court of Chancery of the State of Delaware shall determine that such indemnification may be made.

  
 (c) Indemnification for Expenses of a
Party Who is Wholly or Partly Successful. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason of his Covered Status, a party to and is successful, on the merits or otherwise, in any Proceeding, he
shall be indemnified to the maximum extent permitted by law, as such may be amended from time to time, against all Expenses actually and reasonably incurred by him or on his behalf in connection therewith. If Indemnitee is not wholly successful in
such Proceeding but is successful, on the merits or otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, the Companies shall, jointly and severally, indemnify Indemnitee against all Expenses actually and
reasonably incurred by him or on his behalf in connection with each successfully resolved claim, issue or matter. For purposes of this Section and without limitation, the termination of any claim, issue or matter in such a Proceeding by dismissal,
with or without prejudice, shall be deemed to be a successful result as to such claim, issue or matter. 
  
 2. Additional Indemnity. In addition to, and without regard to any limitations on, the indemnification provided for in Section
1 of this Agreement, the Companies shall and hereby do, jointly and severally, indemnify and hold harmless Indemnitee against all Expenses, judgments, penalties, fines and amounts paid in settlement actually and reasonably incurred by him or on
his behalf if, by reason of his Covered Status, he is, or is threatened to be made, a party to or participant in any Proceeding (including a Proceeding by or in the right of any Company), including, without limitation, all liability arising out of
the negligence or active or passive wrongdoing of Indemnitee. The only limitation that shall exist upon the obligations of each Company pursuant to this Agreement shall be that such Company shall not be obligated to make any payment to Indemnitee
that is finally determined (under the procedures, and subject to the presumptions, set forth in Sections 6 and 7 hereof) to be unlawful. 
  
 3. Contribution. 
  
 (a) Whether or not the indemnification provided in Sections 1 and 2 hereof is available, in respect of any
threatened, pending or completed action, suit or proceeding in which the Companies are jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding), the Companies shall pay, in the first instance, the entire amount of
any judgment or settlement of such action, suit or proceeding without requiring Indemnitee to contribute to such payment and each Company hereby waives and relinquishes any right of contribution it may have against Indemnitee. No Company shall enter
into any settlement of any action, suit or proceeding in which such Company is jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding) unless such settlement provides for a full and final release of all claims
asserted against Indemnitee. 
  
 (b) Without
diminishing or impairing the obligations of the Companies set forth in the preceding subparagraph, if, for any reason, Indemnitee shall elect or be required to pay all or any portion of any judgment or settlement in any threatened, pending or
completed action, suit or proceeding in which the Companies are jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding), the Companies shall contribute to the amount of expenses (including attorneys’ fees),
judgments, fines and amounts paid in settlement actually and reasonably incurred and paid or payable by Indemnitee in proportion to the relative benefits 

  

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received by the Companies and all officers, directors or employees of the Companies, other than Indemnitee, who are jointly liable with Indemnitee (or would
be if joined in such action, suit or proceeding), on the one hand, and Indemnitee, on the other hand, from the transaction from which such action, suit or proceeding arose; provided, however, that the proportion determined on the basis of relative
benefit may, to the extent necessary to conform to law, be further adjusted by reference to the relative fault of the Companies and all officers, directors or employees of the Companies other than Indemnitee who are jointly liable with Indemnitee
(or would be if joined in such action, suit or proceeding), on the one hand, and Indemnitee, on the other hand, in connection with the events that resulted in such expenses, judgments, fines or settlement amounts, as well as any other equitable
considerations which applicable law may require to be considered. The relative fault of the Companies and all officers, directors or employees of the Companies, other than Indemnitee, who are jointly liable with Indemnitee (or would be if joined in
such action, suit or proceeding), on the one hand, and Indemnitee, on the other hand, shall be determined by reference to, among other things, the degree to which their actions were motivated by intent to gain personal profit or advantage, the
degree to which their liability is primary or secondary and the degree to which their conduct is active or passive. 
  
 (c) The Companies hereby agree, jointly and severally, to fully indemnify and hold Indemnitee harmless from any claims of contribution
which may be brought by officers, directors or employees of the Companies, other than Indemnitee, who may be jointly liable with Indemnitee. 
  
 (d) To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is unavailable to
Indemnitee for any reason whatsoever, the Companies, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee, whether for judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement and/or
for Expenses, in connection with any claim relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable in light of all of the circumstances of such Proceeding in order to reflect (i) the relative
benefits received by the Companies and Indemnitee as a result of the event(s) and/or transaction(s) giving cause to such Proceeding; and/or (ii) the relative fault of the Companies (and their respective directors, officers, employees and agents) and
Indemnitee in connection with such event(s) and/or transaction(s). 
  
 4. Indemnification for Expenses of a Witness. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason of his Covered Status, a witness in any Proceeding to which
Indemnitee is not a party, he shall be indemnified, jointly and severally, by the Companies against all Expenses actually and reasonably incurred by him or on his behalf in connection therewith. 
  
 5. Advancement of Expenses. Notwithstanding any other
provision of this Agreement, the Companies shall advance all Expenses incurred by or on behalf of Indemnitee in connection with any Proceeding by reason of Indemnitee’s Covered Status within thirty (30) days after the receipt by the Companies
of a statement or statements from Indemnitee requesting such advance or advances from time to time, whether prior to or after final disposition of such Proceeding. Such statement or statements shall reasonably evidence the Expenses incurred by
Indemnitee and shall include or be preceded or accompanied by an undertaking by or on behalf of Indemnitee to repay any Expenses advanced if it shall ultimately be determined that 

  

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Indemnitee is not entitled to be indemnified against such Expenses. Any advances and undertakings to repay pursuant to this Section 5 shall be
unsecured and interest free. 
  
 6. Procedures
and Presumptions for Determination of Entitlement to Indemnification. It is the intent of this Agreement to secure for Indemnitee rights of indemnity that are as favorable as may be permitted under the Delaware General Corporation Law and public
policy of the State of Delaware. Accordingly, the parties agree that the following procedures and presumptions shall apply in the event of any question as to whether Indemnitee is entitled to indemnification under this Agreement: 
  
 (a) To obtain indemnification under this Agreement,
Indemnitee shall submit to the Companies a written request, including therein or therewith such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee is
entitled to indemnification. The Secretary of each Company shall, promptly upon receipt of such a request for indemnification, advise the Board of Directors of such Company in writing that Indemnitee has requested indemnification. 
  
 (b) Upon written request by Indemnitee for indemnification
pursuant to the first sentence of Section 6(a) hereof, a determination, if required by applicable law, with respect to Indemnitee’s entitlement thereto shall be made in the specific case by one of the following four methods, which shall
be at the election of the Board of the Parent: (1) by a majority vote of the Disinterested Directors (as hereinafter defined), even though less than a quorum, by a committee of Disinterested Directors designated by a majority vote of the
Disinterested Directors, even though less than a quorum, (2) if there are no Disinterested Directors or if the Disinterested Directors so direct, by Independent Counsel (as hereinafter defined) in a written opinion to the Board of the Parent, a copy
of which shall be delivered to Indemnitee, or (3) if so directed by the Board of the Parent, by the stockholders of the Company. 
  
 (c) If the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 6(b) hereof,
the Independent Counsel shall be selected as provided in this Section 6(c). The Independent Counsel shall be selected by the Board of the Parent. Indemnitee may, within 10 days after such written notice of selection shall have been given,
deliver to the Companies, as the case may be, a written objection to such selection; provided, however, that such objection may be asserted only on the ground that the Independent Counsel so selected does not meet the requirements of
“Independent Counsel” as defined in Section 13 of this Agreement, and the objection shall set forth with particularity the factual basis of such assertion. Absent a proper and timely objection, the person so selected shall
act as Independent Counsel. If a written objection is made and substantiated, the Independent Counsel selected may not serve as Independent Counsel unless and until such objection is withdrawn or a court has determined that such objection is without
merit. If, within 20 days after submission by Indemnitee of a written request for indemnification pursuant to Section 6(a) hereof, no Independent Counsel shall have been selected and not objected to, either the Parent or Indemnitee may
petition the Court of Chancery of the State of Delaware or other court of competent jurisdiction for resolution of any objection which shall have been made by Indemnitee to the Parent’s selection of Independent Counsel and/or for the
appointment as Independent Counsel of a person selected by the court or by such other person as the court shall designate, and the person with respect to whom all objections are so resolved or the person so appointed shall act as Independent Counsel
under Section 6(b) hereof. The Companies shall pay any and all reasonable fees and expenses of Independent Counsel incurred by such Independent Counsel 

  

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in connection with acting pursuant to Section 6(b) hereof, and the Companies shall pay all reasonable fees and expenses incident to the procedures of
this Section 6(c), regardless of the manner in which such Independent Counsel was selected or appointed. 
  
 (d) In making a determination with respect to entitlement to indemnification hereunder, the person or persons or entity making such
determination shall presume that Indemnitee is entitled to indemnification under this Agreement. Anyone seeking to overcome this presumption shall have the burden of proof and the burden of persuasion by clear and convincing evidence. Neither the
failure of any Company (including by its directors or independent legal counsel) to have made a determination prior to the commencement of any action pursuant to this Agreement that indemnification is proper in the circumstances because Indemnitee
has met the applicable standard of conduct, nor an actual determination by any Company (including by its directors or independent legal counsel) that Indemnitee has not met such applicable standard of conduct, shall be a defense to the action or
create a presumption that Indemnitee has not met the applicable standard of conduct. 
  
 (e) Indemnitee shall be deemed to have acted in good faith if Indemnitee’s action is based on the records or books of account
of an Enterprise (as hereinafter defined), including financial statements, or on information supplied to Indemnitee by the officers of an Enterprise in the course of their duties, or on the advice of legal counsel for an Enterprise or on information
or records given or reports made to an Enterprise by an independent certified public accountant or by an appraiser or other expert selected with reasonable care by an Enterprise. In addition, the knowledge and/or actions, or failure to act, of any
director, officer, agent or employee of an Enterprise shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement. Whether or not the foregoing provisions of this Section 6(e) are
satisfied, it shall in any event be presumed that Indemnitee has at all times acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the Companies. Anyone seeking to overcome this presumption
shall have the burden of proof and the burden of persuasion by clear and convincing evidence. 
  
 (f) If the person, persons or entity empowered or selected under Section 6 to determine whether Indemnitee is entitled to
indemnification shall not have made a determination within sixty (60) days after receipt by the Companies of the request therefor, the requisite determination of entitlement to indemnification shall be deemed to have been made and Indemnitee shall
be entitled to such indemnification absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially misleading, in connection with the request for
indemnification, or (ii) a prohibition of such indemnification under applicable law; provided, however, that such 60-day period may be extended for a reasonable time, not to exceed an additional thirty (30) days, if the person, persons or entity
making such determination with respect to entitlement to indemnification in good faith requires such additional time to obtain or evaluate documentation and/or information relating thereto; and provided, further, that the foregoing provisions of
this Section 6(f) shall not apply if the determination of entitlement to indemnification is to be made by the stockholders pursuant to Section 6(b) of this Agreement and if (A) within 30 days after receipt by the Companies of the
request for such determination, the Board of the Parent or the Disinterested Directors, if appropriate, resolve to submit such determination to the stockholders of the Parent for their consideration at an annual meeting thereof to be held within 120
days after such receipt and such determination is made thereat, or (B) a special meeting of the stockholders of the Parent is called within 30 days after such receipt for the purpose of making such determination, such 

  

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meeting is held for such purpose within 120 days after having been so called and such determination is made thereat. 
  
 (g) Indemnitee shall cooperate with the person,
persons or entity making such determination with respect to Indemnitee’s entitlement to indemnification, including providing to such person, persons or entity upon reasonable advance request any documentation or information which is not
privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably necessary to such determination. Any Independent Counsel, member of the Board of the Parent or stockholder of the Parent shall act
reasonably and in good faith in making a determination regarding Indemnitee’s entitlement to indemnification under this Agreement. Any costs or expenses (including attorneys’ fees and disbursements) incurred by Indemnitee in so cooperating
with the person, persons or entity making such determination shall be borne by the Companies (irrespective of the determination as to Indemnitee’s entitlement to indemnification) and the Companies hereby, jointly and severally, indemnify and
agree to hold Indemnitee harmless therefrom. 
  
 (h) The Companies acknowledge that a settlement or other disposition short of final judgment may be successful if such settlement or other disposition permits a party to avoid expense, delay, distraction, disruption and uncertainty.
In the event that any action, claim or proceeding to which Indemnitee is a party is resolved in any manner other than by adverse judgment against Indemnitee (including, without limitation, settlement of such action, claim or proceeding with or
without payment of money or other consideration) it shall be presumed that Indemnitee has been successful on the merits or otherwise in such action, suit or proceeding. Anyone seeking to overcome this presumption shall have the burden of proof and
the burden of persuasion by clear and convincing evidence. 
  
 (i) The termination of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction, or upon a plea of nolo contendere or its equivalent, shall not (except as otherwise
expressly provided in this Agreement) of itself adversely affect the right of Indemnitee to indemnification or create a presumption that Indemnitee did not act in good faith and in a manner which he reasonably believed to be in or not opposed to the
best interests of the Companies or, with respect to any criminal Proceeding, that Indemnitee had reasonable cause to believe that his conduct was unlawful. 
  
 7. Remedies of Indemnitee. 
  
 (a) In the event that (i) a determination is made pursuant to Section 6 of this Agreement that Indemnitee is not entitled to
indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 5 of this Agreement, (iii) no determination of entitlement to indemnification is made pursuant to Section 6(b) of this Agreement
within 90 days after receipt by the Companies of the request for indemnification, (iv) payment of indemnification is not made pursuant to this Agreement within ten (10) days after receipt by the Companies of a written request therefor or (v) payment
of indemnification is not made within ten (10) days after a determination has been made that Indemnitee is entitled to indemnification or such determination is deemed to have been made pursuant to Section 6 of this Agreement, Indemnitee shall
be entitled to an adjudication in an appropriate court of the State of Delaware, or in any other court of competent jurisdiction, of Indemnitee’s entitlement to such indemnification. Indemnitee shall commence such proceeding seeking an
adjudication within 180 days following the date on which Indemnitee first has the right to commence such 

  

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proceeding pursuant to this Section 7(a). The Companies shall not oppose Indemnitee’s right to seek any such adjudication. 
  
 (b) In the event that a determination shall have been made
pursuant to Section 6(b) of this Agreement that Indemnitee is not entitled to indemnification, any judicial proceeding commenced pursuant to this Section 7 shall be conducted in all respects as a de novo trial on the merits, and
Indemnitee shall not be prejudiced by reason of the adverse determination under Section 6(b). 
  
 (c) If a determination shall have been made pursuant to Section 6(b) of this Agreement that Indemnitee is entitled to
indemnification, the Companies shall be bound by such determination in any judicial proceeding commenced pursuant to this Section 7, absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to
make Indemnitee’s misstatement not materially misleading in connection with the application for indemnification, or (ii) a prohibition of such indemnification under applicable law. 
  
 (d) In the event that Indemnitee, pursuant to this Section 7, seeks a judicial adjudication of his
rights under, or to recover damages for breach of, this Agreement, or to recover under any directors’ and officers’ liability insurance policies maintained by the Companies, the Companies shall pay on his behalf, in advance, any and all
expenses (of the types described in the definition of Expenses in Section 13 of this Agreement) actually and reasonably incurred by him in such judicial adjudication, regardless of whether Indemnitee ultimately is determined to be entitled to
such indemnification, advancement of expenses or insurance recovery. 
  
 (e) Each Company shall be precluded from asserting in any judicial proceeding commenced pursuant to this Section 7 that the procedures and presumptions of this Agreement are not valid, binding and enforceable
and shall stipulate in any such court that such Company is bound by all the provisions of this Agreement. The Companies shall, jointly and severally, indemnify Indemnitee against any and all Expenses and, if requested by Indemnitee, shall (within
ten (10) days after receipt by the Companies of a written request therefore) advance, to the extent not prohibited by law, such expenses to Indemnitee, which are incurred by Indemnitee in connection with any action brought by Indemnitee for
indemnification or advance of Expenses from the Companies under this Agreement or under any directors’ and officers’ liability insurance policies maintained by the Companies, regardless of whether Indemnitee ultimately is determined to be
entitled to such indemnification, advancement of Expenses or insurance recovery, as the case may be. 
  
 (f) Notwithstanding anything in this Agreement to the contrary, no determination as to entitlement to indemnification under this Agreement
shall be required to be made prior to the final disposition of the Proceeding. 
  

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 8. Non-Exclusivity; Survival of Rights; Insurance; Subrogation. 
  
 (a) The rights of indemnification as provided by this
Agreement shall not be deemed exclusive of any other rights to which Indemnitee may at any time be entitled under applicable law, the Fundamental Documents of any Company, any agreement, a vote of stockholders, a resolution of directors or
otherwise. No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee in his Covered Status prior
to such amendment, alteration or repeal. To the extent that a change in the Delaware General Corporation Law, whether by statute or judicial decision, permits greater indemnification than would be afforded currently under the Fundamental Documents
of any Company or this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. No right or remedy herein conferred is intended to be exclusive of any other
right or remedy, and every other right and remedy shall be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy
hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other right or remedy. 
  
 (b) To the extent that the Companies maintain an insurance policy or policies providing liability insurance for persons of any category of
Covered Status, Indemnitee shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage available for any persons of such category of Covered Status under such policy or policies. If, at the
time of the receipt of a notice of a claim pursuant to the terms hereof, the Companies have director and officer liability insurance in effect, the Companies shall give prompt notice of the commencement of such proceeding to the insurers in
accordance with the procedures set forth in the respective policies. The Companies shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such proceeding in
accordance with the terms of such policies. 
  
 (c) In the event of any payment under this Agreement, the Companies shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers required and take all action necessary to
secure such rights, including execution of such documents as are necessary to enable the Companies to bring suit to enforce such rights. 
  
 (d) The Companies shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder if and to the
extent that Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise. 
  
 (e) The Companies’ obligations to indemnify or advance Expenses hereunder to Indemnitee to the extent of his or her Covered Status
with respect to any Enterprise (other than any Company) shall be reduced by any amount Indemnitee has actually received as indemnification or advancement of expenses from such other Enterprise. 
  

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 9. Exception to Right of Indemnification. Notwithstanding any provision in this
Agreement, the Companies shall not be obligated under this Agreement to make any indemnity in connection with any claim made against Indemnitee: 
  
 (a) for which payment has actually been made to or on behalf of Indemnitee under any insurance policy or other indemnity provision, except
with respect to any excess beyond the amount paid under any insurance policy or other indemnity provision; or 
  
 (b) for an accounting of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of any of the
Companies within the meaning of Section 16(b) of the Securities Exchange Act of 1934, as amended, or similar provisions of state statutory law or common law; or 
  
 (c) in connection with any Proceeding (or any part of any Proceeding) initiated by Indemnitee, including any
Proceeding (or any part of any Proceeding) initiated by Indemnitee against any Company or its directors, officers, employees or other indemnitees, unless the Board of Directors of the Parent authorized the Proceeding (or any part of any Proceeding)
prior to its initiation. 
  
 10.
Duration of Agreement. All agreements and obligations of each Company contained herein shall continue during the period that Indemnitee is serving in a Covered Capacity and for a period of seven years thereafter, and shall continue
thereafter so long as Indemnitee shall be subject to any Proceeding (or any proceeding commenced under Section 7 hereof) by reason of his Covered Status, whether or not he is acting or serving in any Covered Capacity at the time any liability
or expense is incurred for which indemnification can be provided under this Agreement. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors (including any direct or
indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business or assets of any of the Companies), assigns, spouses, heirs, executors and personal and legal representatives. 
  
 11. Security. Each Company, to the extent requested
by Indemnitee and approved by the Board of such Company, may at any time and from time to time provide security to Indemnitee for such Company’s obligations hereunder through an irrevocable bank line of credit, funded trust or other collateral.
Any such security, once provided to Indemnitee, may not be revoked or released without the prior written consent of Indemnitee. 
  
 12. Enforcement. 
  
 (a) Each Company expressly confirms and agrees that it has entered into this Agreement and assumes the obligations imposed on it hereby in
order to induce Indemnitee to serve as an officer or director of one or more of the Companies, and each Company acknowledges that Indemnitee is relying upon this Agreement in serving as an officer or director of one or more of the Companies.

  
 (b) This Agreement constitutes the entire
agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof. 
  

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 13. Definitions. For purposes of this Agreement: 
  
 (a) “Covered Capacity” means the capacity,
office or other position (if any) in which a person is serving by reason of his Covered Status. 
  
 (b) “Covered Status” describes the status of a person (i) who is or was a director, officer, employee, agent or fiduciary
of any Company, (ii) who, at the request of any Company, is or was a director, officer, employee, agent or fiduciary of any other corporation, partnership, limited liability company, joint venture, trust, employee benefit plan or other enterprise,
or (iii) who is or was a director, officer, employee, agent or fiduciary of any other corporation, partnership, limited liability company, joint venture, trust, employee benefit plan or other enterprise that is or was a direct or indirect subsidiary
(whether wholly owned or otherwise) of any Company at the time of such person’s service as such a director, officer, employee, agent or fiduciary. 
  
 (c) “Disinterested Director” means a director of the Parent who is not and was not a party to the Proceeding in respect
of which indemnification is sought by Indemnitee. 
  
 (d) “Enterprise” shall mean (i) any Company, or (ii) any other corporation, partnership, limited liability company, joint venture, trust, employee benefit plan or other enterprise of which Indemnitee is or was serving as a
director, officer, employee, agent or fiduciary either (x) at the request of any Company or (y) that is or was a direct or indirect subsidiary (whether wholly owned or otherwise) of any Company at the time of Indemnitee’s service as such a
director, officer, employee, agent or fiduciary. 
  
 (e) “Expenses” shall include all reasonable attorneys’ fees, retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges,
postage, delivery service fees and all other disbursements or expenses of the types customarily incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating, participating, or being or preparing to be a witness
in a Proceeding. Expenses also shall include Expenses incurred in connection with any appeal resulting from any Proceeding, including without limitation the premium, security for, and other costs relating to any cost bond, supersede as bond, or
other appeal bond or its equivalent. Expenses, however, shall not include amounts paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee. 
  
 (f) “Independent Counsel” means a law firm, or a member of a law firm, that is experienced
in matters of corporation law and neither presently is, nor in the past five years has been, retained to represent: (i) any Company or Indemnitee in any matter material to either such Person (other than with respect to matters concerning Indemnitee
under this Agreement, or of other indemnitees under similar indemnification agreements), or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term “Independent
Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing any Company or Indemnitee in an action to determine Indemnitee’s
rights under this Agreement. The Companies agree to pay the reasonable fees of the Independent Counsel referred to above and to fully indemnify such counsel against any and all Expenses, claims, liabilities and damages arising out of or relating to
this Agreement or its engagement pursuant hereto. 
  

 11 

 (g) “Proceeding” includes any threatened, pending or completed action,
suit, arbitration, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other actual, threatened or completed proceeding, whether brought by or in the right of any Company or otherwise and whether civil,
criminal, administrative or investigative, in which Indemnitee was, is or will be involved as a party or otherwise, by reason of the fact that Indemnitee has Covered Status, by reason of any action taken by him or of any inaction on his part while
acting in a Covered Capacity, or by reason of the fact that he is or was serving in a Covered Capacity, in each case whether or not he is acting or serving in any such Covered Capacity at the time any liability or expense is incurred for which
indemnification can be provided under this Agreement; including one pending on or before the date of this Agreement, but excluding one initiated by an Indemnitee pursuant to Section 7 of this Agreement to enforce his rights under this
Agreement. 
  
 14. Severability. The
invalidity of unenforceability of any provision hereof shall in no way affect the validity or enforceability of any other provision. Without limiting the generality of the foregoing, this Agreement is intended to confer upon Indemnitee
indemnification rights to the fullest extent permitted by applicable laws. In the event any provision hereof conflicts with any applicable law, such provision shall be deemed modified, consistent with the aforementioned intent, to the extent
necessary to resolve such conflict. 
  
 15.
Modification and Waiver. No supplement, modification, termination or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed
or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver. 
  
 16. Notice By Indemnitee. Indemnitee agrees promptly to notify the Companies in writing upon being served with or otherwise
receiving any summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter which may be subject to indemnification covered hereunder. The failure to so notify the Companies shall not relieve
the Companies of any obligations which they may have to Indemnitee under this Agreement or otherwise unless and only to the extent that such failure or delay materially prejudices the Companies. 
  
 17. Notices. All notices and other communications
given or made pursuant to this Agreement shall be in writing and shall be deemed effectively given: (a) upon personal delivery to the party to be notified, (b) when sent by confirmed electronic mail or facsimile if sent during normal business hours
of the recipient, and if not so confirmed, then on the next business day, (c) five (5) days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (d) one (1) day after deposit with a nationally
recognized overnight courier, specifying next day delivery, with written verification of receipt. All communications shall be sent: 
  

	 	(a)	To Indemnitee, at the address set forth below the signature of Indemnitee to this Agreement. 

  

 12 

	 	(b)	To the Parent, at: 

  

	 	 	Horizon Lines, Inc. 

	 	 	4064 Colony Road, Suite 200 

	 	 	Charlotte, North Carolina 28211 

	 	 	Attention: General Counsel 

	 	 	Telecopy:   704-973-7008 

	 	 	Telephone: 704-973-7000 

  

	 	(c)	To any Company (other than the Parent), at: 

  

	 	 	c/o Horizon Lines, Inc. 

	 	 	4064 Colony Road, Suite 200 

	 	 	Charlotte, North Carolina 28211 

	 	 	Attention: General Counsel 

	 	 	Telecopy:   704-973-7008 

	 	 	Telephone: 704-973-7000 

  
 or to such other address as may have been furnished by a party hereto to the other parties hereto, by like notice. For purposes of this Agreement, the
term “business day” means any day other than a Saturday or a Sunday or a day on which commercial banking institutions in the City of Charlotte, State of North Carolina, are authorized by law to be closed. 
  
 18. Counterparts. This Agreement may be executed in
two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same Agreement. This Agreement may also be executed and delivered by facsimile signature and in two or more counterparts,
each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
  
 19. Headings, etc. The headings of the sections, paragraphs and subparagraphs of this Agreement are inserted for convenience only
and shall not be deemed to constitute part of this Agreement or to affect the construction thereof. Unless the context of this Agreement otherwise requires: (i) words of any gender or neuter shall be deemed to include the neuter and each other
gender; (ii) words using the singular or plural number shall also include the plural or singular number, respectively; (iii) the word “including” and words of similar import when used in this Agreement shall mean “including, without
limitation,” unless otherwise specified; and (iv) “or” is not exclusive. 
  
 20. Governing Law and Consent to Jurisdiction. This Agreement and the legal relations among the parties shall be governed by, and
construed and enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules. The Companies and Indemnitee hereby irrevocably and unconditionally (i) agree that any action or proceeding arising out of or
in connection with this Agreement shall be brought only in the Chancery Court of the State of Delaware (the “Delaware Court”), and not in any other state or federal court in the United States of America or any court in any other
country, (ii) consent to submit to the exclusive jurisdiction of the Delaware Court for purposes of any action or proceeding arising out of or in connection with this Agreement, (iii) waive any objection to the laying of venue of any such action or
proceeding in the Delaware Court, and (iv) waive, and agree not to plead or to make, any claim that any such action or proceeding brought in the Delaware Court has been brought in an improper or inconvenient forum. 
  
 * * * 
  

 13 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on and as of the day and year first
above written. 
  

			
	PARENT:
	
	 HORIZON LINES, INC.

		
	 By:
	 	 
	 	 	 Name:

	 	 	 Title:

	
	H-LINES FINANCE:
	
	 H-LINES FINANCE HOLDING CORP.

		
	 By:
	 	 
	 	 	 Name:

	 	 	 Title:

	
	HLHC:
	
	 HORIZON LINES HOLDING CORP.

		
	 By:
	 	 
	 	 	 Name:

	 	 	 Title:

  

 14 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on and as of the day and year first
above written. 
  

			
	INDEMNITEE:
	
	 
	 Name:
	 	 
	
	 Notices

	
	 Address:

	
	 
	
	 
	
	 
	
	 
	
	 
		
	 Telephone:
	 	 
		
	 Telecopy:
	 	 

  

 15Employment Agreement - John V. Keenan

 Exhibit 10.44 
  
 Employment Agreement 
  

This Employment Agreement, dated as of September 16, 2005 (the “Agreement”), is made by and between Horizon Lines, LLC, a Delaware limited
liability company (together with any successor thereto, the “Company”) and John V. Keenan (the “Executive”). 
  
 RECITALS 
  

	A.	It is the desire of the Company to assure itself of the services of the Executive by engaging the Executive to perform services under the terms hereof. 

  

	B.	The Executive desires to provide services to the Company under the terms hereof. 

  
 AGREEMENT 
  
 NOW, THEREFORE, in consideration of the foregoing and of the respective covenants and agreements set forth below the parties hereto agree as follows:

  

	1.	Certain Definitions. 

  

	 	(a)	“Annual Base Salary” shall have the meaning set forth in Section 3(a). 

  

	 	(b)	“Authorized Company Body” means, with respect to any determination, any conclusion, or any establishment of any targets or criteria, in each case referred to in Section 3,
the Company Board (or duly authorized committee thereof), to the extent requested by a Parent Related Body in writing to make such determination or conclusion or to establish such targets or criteria 

  

	 	(c)	The Company shall have “Cause” to terminate the Executive’s employment hereunder upon: 

  

	 	(i)	the Company’s determination that the Executive failed to substantially perform the duties listed in Section 2(c) (other than any such failure resulting from the
Executive’s Disability) which is not remedied within 20 days after receipt of written notice from the Company specifying such failure; 

  

	 	(ii)	the Company’s determination that the Executive failed to carry out, or comply with, in any material respect any lawful and reasonable directive of the Parent Board, the Company
Board, or the Company CEO consistent with the terms of this Agreement, which is not remedied within 20 days after receipt of written notice from the Company specifying such failure; 

  

	 	(iii)	 the Executive’s material breach of the codes of business conduct and/or ethics, as in effect from time to time, of the Covered Entities, which is not 

	 	 
remedied within 30 days after receipt of written notice from the Company specifying such failure; 

  

	 	(iv)	the Executive’s conviction, plea of no contest, plea of nolo contendere, or imposition of unadjudicated probation for any felony or crime involving moral
turpitude (other than a traffic violation or arising purely as a result of the Executive’s title or position with a Covered Entity); 

  

	 	(v)	the Executive’s unlawful use (including being under the influence) or possession of illegal drugs on the premises of any Covered Entity or while performing the Executive’s
duties and responsibilities under this Agreement; or 

  

	 	(vi)	the Executive’s commission of an act of fraud, embezzlement, misappropriation, willful misconduct, gross negligence or breach of fiduciary duty, in each case, against any
Covered Entity. 

  

	 	(d)	“Company” shall have the meaning set forth in the preamble hereto, provided that the term “Company,” when used herein in the context of determinations or
directions by the Company, shall be construed to refer solely to a determination or direction of (i) the Company made at the written request of, or approved in writing by, a Parent Related Body, or (ii) a Parent Related Body.

  

	 	(e)	“Company Board” means the Board of Directors of the Company. 

  

	 	(f)	“Company CEO” means the Chief Executive Officer of the Company. 

  

	 	(g)	“Covered Entities” means the Parent, the Company and their respective direct and indirect subsidiaries. 

  

	 	(h)	“Date of Termination” shall mean (i) if the Executive’s employment is terminated by his death, the date of his death; (ii) if the Executive’s employment is
terminated pursuant to Section 4(a)(ii) - (v) either the date indicated in the Notice of Termination or the date specified by the Company pursuant to Section 4(b), whichever is earlier; (iii) if the Executive’s employment is
terminated pursuant to Section 4(a)(vi) or Section 4(a)(vii), the expiration of the then-applicable Term. 

  

	 	(i)	 “Disability” shall mean, at any time the Company sponsors a long-term disability plan for its employees, “disability” as defined in such
long-term disability plan for the purpose of determining a participant’s eligibility for benefits, provided, however, if the long-term disability plan contains multiple definitions of disability, “Disability” shall refer to that
definition of disability which, if the Executive qualified for such disability benefits, would provide coverage for the longest period of time. The determination of whether the Executive has a Disability shall be made by the person or persons
required to make disability determinations under such long-term disability plan. At any time the Company 

  

 2 

	 	 
does not sponsor a long-term disability plan for its employees, Disability shall mean the Executive’s inability to perform, with or without reasonable
accommodation, the essential functions of his position hereunder for a total of three months during any six month period as a result of incapacity due to mental or physical illness as determined by a physician selected by the Company or its insurers
and acceptable to the Executive or the Executive’s legal representative. Such agreement as to acceptability shall not to be unreasonably withheld or delayed by the Executive or the Executive’s legal representative. Any refusal by the
Executive to submit to a medical examination for the purpose of determining Disability shall be deemed to constitute conclusive evidence of the Executive’s Disability. 

  

	 	(j)	“Executive” shall have the meaning set forth in the preamble hereto. 

  

	 	(k)	“Inventions” shall have the meaning set forth in Section 8. 

  

	 	(l)	“Notice of Termination” shall have the meaning set forth in Section 4(b). 

  

	 	(m)	“Parent” shall mean Horizon Lines, Inc., a Delaware corporation. 

  

	 	(n)	“Parent Board” shall mean the Board of Directors of the Parent. 

  

	 	(o)	“Parent Compensation Committee” means the Compensation Committee of the Parent Board. 

  

	 	(p)	“Parent Related Body” shall mean, with respect to any matter referred to in this Agreement, the Parent Board and the one or more committees of the Parent Board duly
authorized by the Parent Board to act with respect to such matter. 

  

	 	(q)	“Term” shall have the meaning set forth in Section 2(b). 

  

	2.	Employment. 

  

	 	(a)	The Company shall employ the Executive and the Executive shall serve in the employ of the Company, for the period set forth in Section 2(b), in the position set forth in
Section 2(c), and upon the other terms and conditions herein provided. 

  

	 	(b)	The initial term of employment under this Agreement (the “Initial Term”) shall be for the period beginning on the date hereof and ending on June 15, 2006, unless earlier
terminated as provided in Section 4. The employment term hereunder shall automatically be extended for successive one-year periods (“Extension Terms” and, collectively with the Initial Term, the “Term”) unless either party
gives notice of non-extension to the other no later than ninety days prior to the expiration of the then-applicable Term. 

  

 3 

	 	(c)	Position and Duties. The Executive shall serve as Senior Vice President and Chief Operating Officer of the Company with such customary responsibilities, duties and authority
as may from time to time be assigned to the Executive by the Parent Board, the Company Board or the Company CEO. The Executive shall report directly to the Company CEO, unless otherwise determined by the Parent Board or the Company Board. The
Executive shall devote substantially all his working time and efforts to the business and affairs of the Covered Entities. The Executive agrees to observe and comply with the rules, policies and codes of business conduct and/or ethics, as in effect
from time to time, of the Covered Entities. During the Term, it shall not be a violation of this Agreement for the Executive to (i) serve on industry trade, civic or charitable boards or committees; (ii) deliver lectures or fulfill speaking
engagements; or (iii) manage personal investments, as long as such activities do not interfere with the performance of the Executive’s duties and responsibilities as an employee of the Company. During his employment and for the twelve-month
period following the Date of Termination, the Executive, on the one hand, and the directors and officers of the Covered Entities, on the other hand, shall not disparage in any material respect the other, either orally or in writing. The foregoing
shall not limit a party from truthful testimony in response to a subpoena or governmental inquiry or from commencing an action to enforce their rights in a legal action. 

  

	3.	Compensation and Related Matters. 

  

	 	(a)	Annual Base Salary. During the Term, the Executive shall receive a base salary at a rate of $243,000 per annum, which shall be paid in accordance with the customary payroll
practices of the Company, subject to increase as determined by the Parent Compensation Committee or an Authorized Company Body (the “Annual Base Salary”). 

  

	 	(b)	Annual Bonus. The Executive shall be eligible to receive an annual discretionary bonus of between 30% and 102% of his Annual Base Salary under the Company’s Cash
Incentive Plan (the “Plan”) for each fiscal year of the Company during the Term, determined in accordance with the annual guidelines promulgated by the Company under the Plan and depending on the extent to which (i) the Company’s
performance targets under the Plan with respect to such fiscal year are achieved or exceeded, and (ii) the Executive satisfied his personal performance targets and other criteria (if any) for such fiscal year, in each case as established by the
Parent Related Bodies or the Authorized Company Bodies at, or prior to, the beginning of such fiscal year. 

  

	 	(c)	Benefits. During the Term, the Executive shall be entitled to participate in employee benefit plans, programs and arrangements of the Company now (or, to the extent
determined by the Parent Compensation Committee or an Authorized Company Body, hereafter) in effect which are applicable to the senior officers of the Company. 

  

 4 

	 	(d)	Vacation. During the Term, the Executive shall be entitled to four weeks paid vacation each calendar year. Any vacation shall be taken at the reasonable and mutual
convenience of the Company and the Executive. 

  

	 	(e)	Expenses. The Company shall reimburse the Executive for all reasonable travel and other business expenses incurred by him in the performance of his duties to the Company
during the Term in accordance with the Company’s expense reimbursement policy. 

  

	 	(f)	Key Person Insurance. At any time during the Term, the Covered Entities shall have the right to insure the life of the Executive for the sole benefit of the Covered Entities.
The Covered Entities shall have the right to determine the amount of insurance and the type of policy. The Executive shall cooperate with the Covered Entities in obtaining such insurance by submitting to physical examinations, by supplying all
information reasonably required by any insurance carrier, and by executing all necessary documents reasonably required by any insurance carrier. The Executive shall incur no financial obligation by executing any required document, and shall have no
interest in any such policy. 

  

	4.	Termination. 

  
 The Executive’s employment hereunder may be terminated by the Company or the Executive, as applicable, without any breach of this Agreement only
under the following circumstances: 
  

	 	(a)	Circumstances. 

  

	 	(i)	Death. The Executive’s employment hereunder shall terminate upon his death. 

  

	 	(ii)	Disability. If the Executive has incurred a Disability, the Company may give the Executive written notice of its intention to terminate the Executive’s employment. In
that event, the Executive’s employment with the Company shall terminate effective on the thirtieth day after receipt of such notice by the Executive, provided that within the thirty days after such receipt, the Executive shall not have returned
to full-time performance of his duties. 

  

	 	(iii)	Termination for Cause. The Company may terminate the Executive’s employment for Cause. 

  

	 	(iv)	Termination without Cause. The Company may terminate the Executive’s employment without Cause. 

  

	 	(v)	Resignation by the Executive. The Executive may resign his employment. 

  

 5 

	 	(vi)	Non-extension of Term by the Company. The Company may give notice of non-extension to the Executive pursuant to Section 2(b). 

  

	 	(vii)	Non-extension of Term by the Executive. The Executive may give notice of non-extension to the Company pursuant to Section 2(b). 

  

	 	(b)	Notice of Termination. Any termination of the Executive’s employment by the Company or by the Executive under this Section 4 (other than termination pursuant to
paragraph (a)(i)) shall be communicated by a written notice to the other party hereto indicating the specific termination provision in this Agreement relied upon, setting forth in reasonable detail the facts and circumstances claimed to provide a
basis for termination of the Executive’s employment under the provision so indicated, and specifying a Date of Termination which, if submitted by the Executive, shall be at least thirty days following the date of such notice (a “Notice of
Termination”); provided, however, that the Company may, in its sole discretion, change the Date of Termination to any earlier date following the Company’s receipt of the Notice of Termination. A Notice of Termination submitted by the
Company may provide for a Date of Termination on the date the Executive receives the Notice of Termination, or any date thereafter elected by the Company in its sole discretion. The failure by the Executive or the Company to set forth in the Notice
of Termination any fact or circumstance which contributes to a showing of Cause shall not waive any right of the Executive or the Company hereunder or preclude the Executive or the Company from asserting such fact or circumstance in enforcing the
Executive’s or the Company’s rights hereunder. 

  

	 	(c)	Company Obligations upon Termination. Upon termination of the Executive’s employment pursuant to Section 4(a)(i) – (vii) or for any reason or circumstance
other than the reasons and circumstances set forth in Section 4(a)(i) – (vii), the Executive (or the Executive’s estate) shall be entitled to receive the sum of the Executive’s Annual Base Salary through the Date of Termination
not theretofore paid, any expenses, incurred up to the Date of Termination, owed to the Executive under Section 3(e), any accrued vacation pay owed to the Executive pursuant to Section 3(d), and any amount arising, up to the
Date of Termination, from the Executive’s participation in, or benefits under any employee benefit plans, programs or arrangements under Section 3(c), which amounts shall be payable in accordance with the terms and conditions of such
employee benefit plans, programs or arrangements. 

  

 6 

	5.	Severance Payments. 

  
 In addition to any amounts to be paid under Section 4(c), the Executive shall receive the amounts and benefits set forth in Section 5(a):

  

	 	(a)	Termination without Cause. If the Executive’s employment shall terminate without Cause pursuant to Section 4(a)(iv), the Company shall: 

 

	 	(i)	pay to the Executive, in accordance with the Company’s regular payroll practice following the Date of Termination, an amount equal to the Annual Base Salary that the Executive
would have been entitled to receive if the Executive had continued his employment hereunder for a period of one year following the Date of Termination (or, in lieu thereof, and at the Executive’s election by written notice to the Company not
later than the Date of Termination, the Annual Base Salary commencing with the first regular payroll in the seventh month following the Date of Termination and continuing for one year); and 

  

	 	(ii)	continue coverage for the Executive and any dependents under all Company group health benefit plans in which the Executive any dependents were entitled to participate immediately
prior to the Date of Termination for one year following the Date of Termination, to the extent permitted thereunder; provided that, Executive’s receipt of the payments or benefits under this Section 5(a) is conditioned upon the
execution, without revocation, by the Executive of a binding general waiver and release of claim in a form agreed upon by the Company and the Executive. 

  

	6.	Competition. 

  

	 	(a)	The Executive shall not, at any time during the Term or during the twelve-month period following the later of the expiration of the Term or the Date of Termination directly or
indirectly engage in, have any equity interest in, or manage or operate any person, firm, corporation, partnership or business (whether as director, officer, employee, agent, representative, partner, security holder, consultant or otherwise) that
engages in any business which competes with any business of any Covered Entity or any entity owned by any Covered Entity anywhere in the world provided, however, that the Executive shall be permitted to acquire a passive stock or
equity interest in such a business provided the stock or other equity interest acquired is not more than five percent of the outstanding interest in such business. 

  

	 	(b)	During the Term or during the term set forth in Section 6(a) whichever is longer, the Executive will not, and will not permit any of his affiliates to, directly or
indirectly, recruit or otherwise solicit or induce any employee, customer, subscriber or supplier of any Covered Entity to terminate its employment or arrangement with any Covered Entity, otherwise change its relationship with any Covered Entity, or
establish any relationship with the Executive or any of his affiliates for any business purpose deemed competitive with the business of any Covered Entity. 

  

	 	(c)	 In the event the terms of this Section 6 shall be determined by any court of competent jurisdiction to be unenforceable by reason of its extending for too
great 

  

 7 

	 	 
a period of time or over too great a geographical area or by reason of its being too extensive in any other respect, it will be interpreted to extend only
over the maximum period of time for which it may be enforceable, over the maximum geographical area as to which it may be enforceable, or to the maximum extent in all other respects as to which it may be enforceable, all as determined by such court
in such action. 

  

	7.	Nondisclosure of Proprietary Information. 

  

	 	(a)	Except as required in the faithful performance of the Executive’s duties hereunder or pursuant to Section 7(c), the Executive shall, in perpetuity, maintain in
confidence and shall not directly, indirectly or otherwise, use, disseminate, disclose or publish, or use for his benefit or the benefit of any person, firm, corporation or other entity any confidential or proprietary information or trade secrets of
or relating to the Covered Entities, including, without limitation, information with respect to the Covered Entities’ operations, processes, products, inventions, business practices, finances, principals, vendors, suppliers, customers,
potential customers, marketing methods, costs, prices, contractual relationships, regulatory status, compensation paid to employees or other terms of employment, or deliver to any person, firm, corporation or other entity any document, record,
notebook, computer program or similar repository of or containing any such confidential or proprietary information or trade secrets. The parties hereby stipulate and agree that as between them the foregoing matters are important. material and
confidential proprietary information and trade secrets and affect the successful conduct of the businesses of the Covered Entities (and any successors thereto or assignees thereof). 

  

	 	(b)	Upon termination of the Executive’s employment with the Company for any reason, the Executive will promptly deliver to the Company all correspondence, drawings, manuals,
letters, notes, notebooks, reports, programs, plans, proposals, financial documents, or any other documents concerning the customers, business plans, marketing strategies, products or processes of the Covered Entities. 

  

	 	(c)	The Executive may respond to a lawful and valid subpoena or other legal process but shall give the Company the earliest possible notice thereof, shall, as much in advance of the
return date as possible, make available to the Company and its counsel the documents and other information sought by any Covered Entity and shall assist the Covered Entities and their counsel in resisting or otherwise responding to such process.

  

 8 

	8.	Inventions. 

  
 All rights to discoveries, inventions, improvements and innovations (including all data and records pertaining thereto) related to the business of the
Covered Entities, whether or not patentable, copyrightable, registrable as a trademark, or reduced to writing, that the Executive may discover, invent or originate during the Term, and for a period of twelve months thereafter, either alone or with
others and whether or not during working hours or by the use of the facilities of the Covered Entities (“Inventions”), shall be the exclusive property of the Covered Entities. The Executive shall promptly disclose all Inventions to the
Company, shall execute at the request of any Covered Entity any assignments or other documents such Covered Entity may deem necessary to protect or perfect its rights therein, and shall assist each Covered Entity, at its expense, in obtaining,
defending and enforcing its rights therein. The Executive hereby appoints each Covered Entity as his attorney-in-fact to execute on his behalf any assignments or other documents deemed necessary by such Covered Entity to protect or perfect its
rights to any Inventions. 
  

	9.	Injunctive Relief. 

  
 It is recognized and acknowledged by the Executive that a breach of the covenants contained in Sections 6, 7 and 8 will cause
irreparable damage to the Covered Entities and their goodwill, the exact amount of which will be difficult or impossible to ascertain, and that the remedies at law for any such breach will be inadequate. Accordingly, the Executive agrees that in the
event of breach of any of the covenants contained in Sections 6, 7 and 8, in addition to any other remedy which may be available at law or in equity, the Covered Entities will be entitled to specific performance and
injunctive relief. 
  

	10.	Assignment and Successors. 

  
 The Company may assign its rights and obligations under this Agreement only to an assignee that is qualified under applicable law to become an owner of a
Jones Act business (including any successor to all or substantially all the assets of the Company, by merger or otherwise). The Company may assign or encumber this Agreement and its rights hereunder as security for indebtedness of the Company and
its affiliates. The Executive may not assign his rights or obligations under this Agreement to any individual or entity. This Agreement shall be binding upon and inure to the benefit of the Company, the Executive and their respective successors,
assigns, personnel and legal representatives, executors, administrators, heirs, distributees, devisees, and legatees, as applicable. 
  

	11.	Third Party Beneficiaries. 

  
 This Agreement shall inure to the benefit of each Covered Entity not a party hereto and each such Covered Entity shall be entitled to initiate or
participate in any proceeding in respect of this Agreement as if such Covered Entity were a party to this Agreement. 
  

 9 

	12.	Governing Law. 

  
 This Agreement shall be governed, construed, interpreted and enforced in accordance with the substantive laws of the State of New York, without reference
to the principles of conflicts of law of the State of New York or any other jurisdiction, and where applicable, the laws of the United States. 
  

	13.	Validity. 

  
 The invalidity or unenforceability of any provision or provisions of this Agreement shall not affect the validity or enforceability of any other provision
of this Agreement, which shall remain in full force and effect. 
  

	14.	Notices. 

  
 Any notice, request, claim, demand, document and other communication hereunder to any party shall be effective upon receipt (or refusal of receipt) and
shall be in writing and delivered personally or sent by telex, telecopy, or certified or registered mail, postage prepaid, as follows: 
  

	 	(a)	If to the Company: 

  
 Horizon Lines, LLC 
 4064 Colony Road, Suite
200 
 Charlotte, N.C. 28211 
 Fax.: (704) 973-7010 
 Attn: General Counsel 
  

	 	(b)	If to the Executive: 

  
 John V. Keenan 
 c/o Horizon Lines, LLC

 4064 Colony Road, Suite 200 
 Charlotte, N.C. 28211 
 Fax: (704) 973-7008 
  

or at any other address as any party shall have specified by notice in writing to the other party. 
  

	15.	Counterparts. 

  
 This Agreement may be executed in several counterparts, each of which shall be deemed to be an original, but all of which together will constitute one and
the same Agreement. 
  

 10 

	16.	Entire Agreement. 

  
 The terms of this Agreement are intended by the parties to be the final expression of their agreement with respect to the employment of the Executive by
the Company and may not be contradicted by evidence of any prior or contemporaneous agreement. The Executive acknowledges and agrees that any other understandings with respect to the subject matter hereof with any of the Covered Entities are hereby
superseded by this Section 16. The parties further intend that this Agreement shall constitute the complete and exclusive statement of the terms of the subject matter hereof and that no extrinsic evidence whatsoever may be introduced in
any judicial, administrative, or other legal proceeding to vary the terms of this Agreement. 
  

	17.	Amendments; Waivers. 

  
 This Agreement may not be modified, amended, or terminated except by an instrument in writing, signed by the Executive and the Company. By an instrument
in writing similarly executed, the Executive or the Company may waive compliance by the other party or parties with any provision of this Agreement that such other party was or is obligated to comply with or perform, provided, however, that such
waiver shall not operate as a waiver of, or estoppel with respect to, any other or subsequent failure. No failure to exercise and no delay in exercising any right, remedy, or power hereunder preclude any other or further exercise of any other right,
remedy, or power provided herein or by law or in equity. 
  

	18.	No Inconsistent Actions. 

  
 The parties hereto shall not voluntarily undertake or fail to undertake any action or course of action inconsistent with the provisions or essential
intent of this Agreement. Furthermore, it is the intent of the parties hereto to act in a fair and reasonable manner with respect to the interpretation and application of the provisions of this Agreement. 
  

	19.	Construction. 

  
 This Agreement shall be deemed drafted equally by both the parties. Its language shall be construed as a whole and according to its fair meaning. Any
presumption or principle that the language is to be construed against any party shall not apply. The headings in this Agreement are only for convenience and are not intended to affect construction or interpretation. Any references to paragraphs,
subparagraphs, sections or subsections are to those parts of this Agreement, unless the context clearly indicates to the contrary. Also, unless the context clearly indicates to the contrary, (a) the plural includes the singular and the singular
includes the plural; (b) “and” and “or” are each used both conjunctively and disjunctively; (c) “any,” “all,” “each,” or “every” means “any and all,” and “each and
every”; (d) “includes” and “including” are each “without limitation”; (e) “herein,” “hereof,” “hereunder” and other similar compounds of the word “here” refer to the entire
Agreement and not to any particular paragraph, subparagraph, section or subsection; and (f) all pronouns and any variations thereof shall be deemed to refer to the masculine, feminine, neuter, singular or plural as the identity of the entities or
persons referred to may require. 
  

 11 

	20.	Arbitration. 

  
 Any dispute or controversy arising under or in connection with this Agreement shall be settled exclusively by arbitration, conducted before an arbitrator
in North Carolina in accordance with the rules of the American Arbitration Association then in effect. Judgment may be entered on the arbitration award in any court having jurisdiction, provided, however, that any Covered Entity shall be entitled to
seek a restraining order or injunction in any court of competent jurisdiction to prevent any continuation of any violation of the provisions of Sections 6, 7 or 8 of the Agreement and the Executive hereby consents
that such restraining order or injunction may be granted without requiring such Covered Entity to post a bond. Only individuals who are (i) lawyers engaged fulltime in the practice of law; and (ii) on the AAA register of arbitrators shall be
selected as an arbitrator. Within twenty days of the conclusion of the arbitration hearing, the arbitrator shall prepare written findings of fact and conclusions of law. It is mutually agreed that the written decision of the arbitrator shall be
valid, binding, final and non-appealable, provided however, that the parties hereto agree that the arbitrator shall not be empowered to award punitive damages against any party to such arbitration. The arbitrator shall require the non-prevailing
party to pay the arbitrator’s full fees and expenses or, if in the arbitrator’s opinion there is no prevailing party, the arbitrator’s fees and expenses will be borne equally by the parties thereto. In the event action is brought to
enforce the provisions of this Agreement pursuant to this Section 20, the non-prevailing parties shall be required to pay the reasonable attorney’s fees and expenses of the prevailing parties, except that if in the opinion of the court
or arbitrator deciding such action there is no prevailing party, each party shall pay its own attorney’s fees and expenses. 
  

	21.	Enforcement. 

  
 If any provision of this Agreement is held to be illegal, invalid or unenforceable under present or future laws effective during the term of this
Agreement, such provision shall be fully severable; this Agreement shall be construed and enforced as if such illegal, invalid or unenforceable provision had never comprised a portion of this Agreement; and the remaining provisions of this Agreement
shall remain in full force and effect and shall not be affected by the illegal, invalid or unenforceable provision or by its severance from this Agreement. Furthermore, in lieu of such illegal, invalid or unenforceable provision there shall be added
automatically as part of this Agreement a provision as similar in terms to such illegal, invalid or unenforceable provision as may be possible and be legal, valid and enforceable. 
  

	22.	Withholding. 

  
 The Company shall be entitled to withhold from any amounts payable under this Agreement any federal, state, local or foreign withholding or other taxes or
charges which the Company is required to withhold. The Company shall be entitled to rely on an opinion of counsel if any questions as to the amount or requirement of withholding shall arise. 
  

	23.	Employee Acknowledgement. 

  
 The Executive acknowledges that he has read and understands this Agreement, is fully aware of its legal effect, has not acted in reliance upon any
representations or promises made by any Covered Entity other than those contained in writing herein, and has entered into this Agreement freely based on his own judgment. 
  

 12 

 IN WITNESS WHEREOF, the parties have executed this Agreement on the date and year first above written.

  

			
	COMPANY:
		
	By:	 	/S/ CHARLES G. RAYMOND
	 	 	 Name: Charles G. Raymond

	 	 	 Title: President and Chief Executive Officer

  

	
	EXECUTIVE:
	
	/S/ JOHN V. KEENAN
	 John V. Keenan

  

 13

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