Document:

nclh_Ex10_64

		

			Exhibit 10.64

		

		
			As of May 7, 2019
		

		
			Robert J. Binder
		

		
			President and Chief Executive Officer, Oceania Cruises
		

		
			Vice Chairman, Oceania Cruises and Regent
		

		
			7665 Corporate Center Drive
		

		
			Miami, Florida 33126
		

		
			Re:Amendment to Employment Agreement
		

		
			Dear Robert:
		

		
			You are a party to an Employment Agreement dated as of September 16, 2016 by and among you and Prestige Cruise Services LLC  (the “Company”) (the “Employment Agreement”),  This letter agreement (this “Agreement”), effective as of the date hereof, constitutes an amendment of the Employment Agreement. Unless otherwise stated, all capitalized terms used in this Agreement shall be as defined in the Employment Agreement.
		

			
	
			
				 1.
			

			
	
			
			Continuation of Employment

		
			The Period of Employment is extended through and, unless otherwise agreed by the parties and subject to earlier termination pursuant to Section 5  of the Employment Agreement, will end on March 31, 2021 or such extended date as provided below (the “Termination Date”); provided, however, that the Employment Agreement shall be automatically renewed, and the Period of Employment shall be automatically extended through the next December 31st on the Termination Date and each anniversary of December 31st thereafter, unless either party gives written notice at least sixty (60) days prior to the expiration of the Period of Employment (including any renewal thereof) of such party’s desire to terminate the Period of Employment (such notice to be delivered in accordance with Section 18 of the Employment Agreement). The term “Period of Employment” shall include any extension thereof pursuant to the preceding sentence. Notwithstanding the foregoing, the Period of Employment is subject to earlier termination as provided in the Employment Agreement.
		

			
	
			
				 2.
			

			
	
			
			Equity Awards

		
			In consideration for the extension of the Period of Employment through March 31, 2021, upon a termination of your employment with the Company by the Company without Cause or by you for Good Reason, or by the Company due to your death or Disability, or in the event that your employment terminates on March 31, 2021 (or such other date as may be agreed to by both parties) as a result of the expiration of the Period of Employment, all Norwegian Cruise Line Holdings Ltd. (“NCLH”) restricted share units (“RSUs”) that are then outstanding and unvested shall in the case of such RSUs that are subject to time-based vesting (including any RSUs that were subject to performance-based vesting as to which the applicable performance conditions have been satisfied and remain outstanding subject to only time-based vesting conditions),  vest. Following the date of this Agreement, any equity awarded to you by the Compensation Committee of NCLH will only be subject to time-based vesting requirements or performance-based vesting requirements that do not extend beyond the Termination Date. Any acceleration of vesting pursuant to this paragraph (other than as a result of your death) shall be subject to the condition that you sign a general release 

		 

agreement in substantially the form of Exhibit A attached to the Employment Agreement (with such amendments that may be necessary to ensure the release is enforceable to the fullest extent permissible under then applicable law) within twenty-one days following the termination of your employment with the Company and you not revoking such release. The accelerated vesting provided for pursuant to this paragraph shall be in addition to your rights to receive accelerated vesting pursuant to Section 5.3(c) of the Employment Agreement for a qualifying termination of employment in connection with a Change in Control.
		

		
			Other than as explicitly set forth herein, unvested RSUs and options shall be forfeited upon your employment termination.
		

			
	
			
				 3.
			

			
	
			
			Legal Updates

		
			To the extent possible, this Agreement is to be construed and interpreted in accordance with, and to avoid any tax, penalty, or interest under, Section 409A of the Code.
		

		
			The addresses for notices pursuant to Section 18 of the Employment Agreement are amended to be as follows (subject to future updates in accordance with such section):
		

		
			If to the Executive:to the Executive’s last address most recently on file in the payroll records of the Company
		

		
			If to the Company:
		

		
			Prestige Cruise Services LLC
		

		
			7665 Corporate Center Drive
		

		
			Miami, FL 33126
		

		
			Facsimile: (305) 436-4111
		

		
			Attn: Executive Vice President and Chief Talent Officer
		

		
			 
		

		
			and to:
		

		
			Prestige Cruise Services LLC
		

		
			7665 Corporate Center Drive
		

		
			Miami, FL 33126
		

		
			Facsimile: (305) 436-4101
		

		
			Attn: Executive Vice President and General Counsel
		

		
			 
		

			
	
			
				 4.
			

			
	
			
			Effect on the Employment Agreement

		
			Except as modified pursuant to this Agreement, the Employment Agreement shall remain in full force and effect. On and after the date hereof, each reference in the Employment Agreement to “this Agreement,” “herein,” “hereof,” “hereunder” or words of similar import shall mean and be a reference to  the Employment Agreement as amended hereby. To the extent that a provision of this Agreement conflicts with or differs from a provision of the Employment Agreement, such provision of this Agreement shall prevail and govern for all purposes and in all respects.
		

		
			

		 

		

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				 5.
			

			
	
			
			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 instrument. This Agreement shall become binding when one or more counterparts hereof, individually or taken together, shall bear the signatures of all of the parties reflected hereon as the signatories. Photographic copies of such signed counterparts may be used in lieu of the originals for any purpose.
		

		
			[The remainder of this page has intentionally been left blank.]
		

		
			Sincerely,
		

		
			Prestige Cruise Services LLC
		

		
			By:/s/Frank J. Del Rio
		

		
			Frank J. Del Rio
		

		
			 
		

		
			 
		

		
			AGREED AND ACCEPTED:
		

		
			 
		

		
			 
		

		
			/s/Robert J. Binder
		

		
			Robert J. Binder
		

		 

		

			3nclh_Ex10_70

		

			Exhibit 10.70

		

		
			NORWEGIAN CRUISE LINE HOLDINGS LTD.
		

		
			DIRECTORS’ COMPENSATION POLICY 
		

		
			(Effective January 1, 2020)
		

		
			Directors of Norwegian Cruise Line Holdings Ltd., a company organized under the laws of Bermuda (the “Company”), who are not employed by the Company or one of its subsidiaries (“non-employee directors”) are entitled to the compensation set forth below, effective as of January 1, 2020, for their service as a member of the Board of Directors (the “Board”) of the Company.  The Board has the right to amend this policy from time to time.
		

			
					
						Cash Compensation

					
					
						 

				
	
					
						Annual Cash Retainer

					
					
						$100,000

				
	
					
						Annual Chairperson Retainer

					
					
						$125,000

				
	
					
						Annual Audit Committee Chairperson Retainer

					
					
						$35,000

				
	
					
						Annual Compensation Committee Chairperson Retainer

					
					
						$25,000

				
	
					
						Annual Nominating and Governance Committee Chairperson Retainer

					
					
						$20,000

				
	
					
						Annual Technology, Environmental, Safety and Security (“TESS”) Chairperson Retainer

					
					
						$20,000

				
	
					
						Annual Audit Committee Member Retainer

					
					
						$15,000

				
	
					
						Out-of-Country Meeting Attendance Fee

					
					
						$10,000

				
	
					
						 

					
					
						 

				
	
					
						Equity Compensation

					
					
						 

				
	
					
						Annual Equity Award

					
					
						$155,000

				

		
			 
		

		
			Cash Compensation 
		

		
			Each non-employee director will be entitled to an annual cash retainer while serving on the Board in the amount set forth above (the “Annual Cash Retainer”).  A non-employee director who serves as the Chairperson of the Board will be entitled to an additional annual cash retainer while serving in that position in the amount set forth above (the “Annual Chairperson Retainer”).  A non-employee director who serves as the Chairperson of the Audit Committee will be entitled to an additional annual cash retainer while serving in that position in the amount set forth above (the “Annual Audit Committee Chairperson Retainer”).  A non-employee director who serves as the Chairperson of the Compensation Committee will be entitled to an additional annual cash retainer while serving in that position in the amount set forth above (the “Annual Compensation Committee Chairperson Retainer”).    A non-employee director who serves as the Chairperson of the Nominating and Governance Committee will be entitled to an additional annual cash retainer while serving in that position in the amount set forth above (the “Annual Nominating and Governance Committee Chairperson Retainer”).    A non-employee director who serves as the Chairperson of the TESS Committee will be entitled to an additional annual cash retainer while serving in that position in the amount set forth above (the “Annual TESS Committee Chairperson Retainer”).  A non-employee director who serves as a member of the Audit Committee (other than the Chairperson of the Audit Committee) will be entitled to an additional annual cash retainer while serving in that position in the amount set forth above (the “Annual Audit Committee Member Retainer”).  A non-employee director who attends in person a Board or committee meeting located outside of their country of residence will be entitled to a fee for attendance at the meeting in the amount set forth above  (an “Out-of-Country Meeting Attendance Fee”), provided that the director will only be entitled to one Out-of-Country Meeting Attendance Fee if multiple Board or committee meetings are held on the same day or over consecutive days.    Except for the Out-of-Country Meeting Attendance Fee, no non-employee director will be entitled to a meeting fee for attending in-person or telephonically any other Board or committee meetings.
		

		
			The amounts of the Annual Cash Retainer,  Annual Chairperson Retainer, Annual Audit Committee Chairperson Retainer, Annual Compensation Committee Chairperson Retainer, Annual Nominating and Governance Committee Chairperson Retainer, Annual TESS Committee Chairperson Retainer and Annual Audit Committee Member Retainer are expressed as annualized amounts.  These retainers will be paid on a quarterly basis, at the end of each quarter in arrears, and will be pro-rated if a non-employee director serves (or serves in the corresponding position, as the case may be) for only a portion of the quarter (with the proration based on the number of calendar 

		 

		

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days in the quarter that the director served as a non-employee director or held the particular position, as the case may be).  Out-of-Country Meeting Attendance Fees for attendance at meetings that occur in a particular quarter will be paid at the end of the quarter.
		

		
			Equity Awards
		

		
			Annual Equity Awards for Continuing Board Members 
		

		
			On the first business day of each calendar year, each non-employee director then in office will automatically be granted an award of restricted share units of the Company (an “Annual Restricted Share Unit Award”) determined by dividing (1) the Annual Equity Award grant value set forth above by (2) the per-share closing price of an Ordinary Share on the first business day of that year (rounded down to the nearest whole share).  Subject to the non-employee director’s continued service, each Annual Restricted Share Unit Award will vest in one installment on the first business day of the calendar year following the calendar year of the grant.
		

		
			For each new non-employee director appointed or elected to the Board after the first business day of the calendar year, on the date that the new non-employee director first becomes a member of the Board, the new non-employee director will automatically be entitled to a pro-rata portion of the Annual Restricted Share Unit Award (a “Pro-Rata Annual Restricted Share Unit Award”) determined by dividing (1) a pro-rata portion of the Annual Equity Award grant value set forth above by (2) the per-share closing price of an Ordinary Share on the date the new non-employee director first became a member of the Board (rounded down to the nearest whole share).  The pro-rata portion of the Annual Equity Award grant value for purposes of a Pro-Rata Annual Restricted Share Unit Award will equal the Annual Equity Award grant value set forth above multiplied by a fraction (not greater than one), the numerator of which is 12 minus the number of whole months that as of the particular grant date had elapsed since the first business day of the year, and the denominator of which is 12.  Subject to the non-employee director’s continued service, each Pro-Rata Annual Restricted Share Unit Award will vest in one installment on the first business day of the calendar year following the year the award was granted.
		

		
			Elective Grants of Equity Awards
		

		
			Non-employee directors may elect, prior to the start of each applicable calendar year, to convert all or a portion of their Annual Cash Retainer (but not any Annual Chairperson Retainer, Annual Audit Committee Chairperson Retainer,  Annual Compensation Committee Chairperson Retainer, Annual Nominating and Governance Committee Chairperson Retainer, Annual TESS Committee Retainer, Annual Audit Committee Member Retainer or Out-of-Country Meeting Attendance Fees) payable with respect to the particular calendar year into the right to receive an award of restricted share units of the Company (an “Elective Restricted Share Unit Award”). The Elective Restricted Share Unit Award shall automatically be granted on the first business day of each calendar year in an amount determined by dividing (1) the amount of the Annual Cash Retainer elected to be so converted by (2) the per-share closing price of an Ordinary Share on the first business day of the year (rounded down to the nearest whole share).  Subject to the non-employee director’s continued service,  each Elective Restricted Share Unit Award will vest in one installment on the first business day of the calendar year following the year the award was granted.
		

		
			In order to elect to receive an Elective Restricted Share Unit Award, non-employee directors must complete an election form in such form as the Board may prescribe from time to time (an “Election Form”), and file such completed form with the Company prior to the start of the applicable calendar year (i.e. if a director wants to convert his or her Annual Cash Retainer payable for the 2020 calendar year, the Election Form must be filed prior to December 31, 2019).  Once an Election Form is validly filed with the Company, it shall automatically continue in effect for future calendar years unless the non-employee director changes or revokes his or her Election Form prior to the beginning of any such future calendar years.
		

		
			Provisions Applicable to All Equity Awards
		

		
			Each award of restricted share units will be made under and subject to the terms and conditions of the Company’s Amended and Restated 2013 Performance Incentive Plan (the “2013 Plan”) or any successor equity compensation plan approved by the Company’s stockholders and in effect at the time of grant, and will be evidenced 

		 

		

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by, and subject to the terms and conditions of, an award agreement in the form approved by the Board to evidence such type of grant pursuant to this policy.
		

		
			Expense Reimbursement 
		

		
			All directors will be entitled to reimbursement from the Company for their reasonable travel (including airfare and ground transportation), lodging and meal expenses incident to meetings of the Board or committees thereof or in connection with other Board related business. 
		

		
			Product Familiarization 
		

		
			It being in the interest of the Company for non-employee directors of its Board to review and assess the Company’s products, the non-employee directors of the Board are encouraged to take one cruise with one of the Company’s brands annually.  Accordingly, the Company will annually provide to each non-employee director one cabin for an up to 14-night cruise with the Company brand of their choice.  Non-employee directors and a guest of their choice will be accommodated in a penthouse level (or Haven equivalent) cabin with such accommodation to be assigned by the Company’s revenue management department.  The non-employee director will be responsible for taxes, port fees and fuel supplements as well as all onboard spending and transportation to and from the ship (other than any transportation that would otherwise be included in the ticket price of the cruise).
		

		
			If a Board meeting is held on a cruise, the Company will absorb the cost of the cruise fare for each non-employee director and any guests traveling with such non-employee director in his or her stateroom.  The non-employee director will be responsible for all onboard spending during such cruise.
		

		
			In addition, non-employee directors and their immediate families are entitled to participate in any Company discount program in effect that is generally available to all Company employees for any additional cruises they may wish to take.
		

		
			The Chairperson of the Compensation Committee of the Board may approve certain exceptions to the “Product Familiarization” section of this policy.
		

		
			 
		

		 

		

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