Document:

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Exhibit 10.23

                           THIRD AMENDED AND RESTATED
                              EMPLOYMENT AGREEMENT

         This Third Amended and Restated Employment Agreement (hereinafter
referred to as the "Agreement"), between World Airways, Inc., a Delaware
corporation (hereinafter referred to as "World"), and Hollis L. Harris, an
individual and resident of Georgia (hereinafter referred to as "Harris"), is
entered into as of the 1st day of June, 2002, and restates, amends, and replaces
in its entirety, without a break in continuity, the Second Amended and Restated
Employment Agreement dated June 1, 2000 between the parties.

         WHEREAS, the parties wish to extend the term of Harris's employment as
World's Chief Executive Officer and Chairman of the Board of Directors on the
terms and subject to the conditions set forth herein, and

         NOW, THEREFORE, World and Harris, in consideration of the foregoing and
other mutual covenants and promises contained herein, the sufficiency of which
are hereby acknowledged, hereby agree as follows:

         1. Acceptance of Employment. Subject to the terms and conditions set
forth below, World agrees to employ Harris and Harris accepts such employment.

         2. Term. The period of employment shall be from May 1, 1999, through
December 31, 2004, unless further extended or sooner terminated as hereinafter
set forth. In the absence of notice, this Agreement shall be renewed on the same
terms and conditions for one year from the date of expiration. Not later than
June 30, 2003, Harris shall initiate discussions with World's Board of Directors
(hereinafter "Board") regarding the renewal of this Agreement. At that time, if
Harris wishes to renew this Agreement on different terms, Harris shall give
written notice to the Chairman of the Executive Committee of the Board. If the
Board does not wish to renew this Agreement at its expiration, or wishes to
renew on different terms, the Board shall give written notice to Harris no later
than June 30, 2003.

         3. Position and Duties. Harris shall continue to serve as Chief
Executive Officer and Chairman of the Board with the duties performed as of June
1, 1999, as those duties may be changed from time to time. The Board will have
reasonable latitude to make changes in Harris's responsibilities, except that
Harris's responsibilities may not be modified in a way that would be
inconsistent with the status of Chief Executive Officer and Chairman of the
Board. Following a Change of Control (as hereinafter defined), Harris's
responsibilities may not be changed without mutual agreement. Harris agrees to
render his services to the best of his abilities and will

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comply with all policies, rules and regulations of World and will advance and
promote to the best of his ability the business and welfare of World. Harris
shall devote all of his working time, attention, knowledge and skills solely to
the business and interest of World. Harris may not accept any other engagement
with or without compensation which would affect his ability to devote all of his
working time and attention to the business and affairs of World without the
prior written approval of the Board pursuant to a resolution duly adopted by the
affirmative vote of a majority of the entire membership of the Board, excluding
the vote of Harris. Harris agrees to accept assignments on behalf of World or
affiliated companies commensurate with his responsibilities hereunder, except
that the terms and conditions of assignments exceeding 60 consecutive days
outside the Atlanta, Georgia metropolitan area will require mutual agreement.

         4.       Compensation and Related Matters.

                  (a) Base Salary. Harris shall receive a minimum salary of
$350,000 per annum payable in accordance with the payroll procedures for World's
salaried employees in effect during the term of this Agreement.

                  (b) Performance Stock Options. Harris has been granted (i)
100,000 options to purchase World's Common Stock, par value $.001 per share
("World Airways Common Stock") pursuant to the 1995 World Airways Stock Option
Plan (the "Plan") as set forth in the Stock Option Agreement between World and
Harris dated April 2, 1999 (the "Option Agreement No.1"), and (ii) 900,000
options to purchase World's Common Stock pursuant to the 1999 Chief Executive
Stock Option Plan (the "CEO Plan") as set forth in the Stock Option Agreement
between World and Harris dated April 2, 1999 (the two option grants together
referred to as the "Options"). In the event of a Change in Control as defined
below, all Options granted shall be immediately exercisable.

                  (c) Equity Ownership. The parties acknowledge that Harris's
obligation to purchase $100,000.00 worth of common stock or debentures of World
has been satisfied and discharged.

                  (d) Business Expenses. Harris shall be entitled to
reimbursement of reasonable business related expenses from time to time
consistent with World's policies, including, without limitation, submitting in a
timely manner appropriate documentation of such expenses.

                  (e) Fringe Benefits. Harris shall be entitled to participate
in all employee benefit plans made available from time to time to all executives
of World in accordance with the terms of such plans. In the event this Agreement
is terminated by either party for any reason other than death or for cause,
Harris may participate in World's health and other benefit programs for a period
of one year from the date of Harris's termination, or until Harris obtains
comparable coverage, whichever is earlier.

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                  (f) Personnel Policies, Conditions and Benefits. Except as
otherwise provided herein, Harris's employment shall be subject to the personnel
policies and benefits plans which apply generally to World's employees as the
same may be interpreted, adopted, revised or deleted from time to time, during
the term of this Agreement, by World in its sole discretion. While this
Agreement is in effect, Harris shall accrue vacation at the rate of one month
per year and such vacation shall be taken in accordance with the World's
procedures.

                  (g) Indemnification; D&O Insurance. Subject to Section 6(f) of
this Agreement, World shall provide (or cause to be provided) to Harris
indemnification against all expenses (including attorneys' fees), judgments,
fines and amounts paid in settlements in connection with any threatened, pending
or completed action, suit or proceeding, whether civil, criminal, administrative
or investigative (including an action by or in the right of World) by reason of
his being or having been an officer, director or employee of World or any
affiliated entity, advance expenses (including attorneys' fees) incurred by
Harris in defending any such civil, criminal, administrative or investigative
action, suit or proceeding and maintain directors' and officers' liability
insurance coverage (including coverage for securities-related claims) upon
substantially the same terms and conditions as set forth in the Indemnification
Agreement dated April 15, 1999, between Harris and World Airways, Inc. (the
"Indemnity Agreement").

         5.       Termination of Employment.

                  (a) Death. Harris's employment hereunder shall terminate upon
his death, in which event World shall have no further obligation to Harris or
his estate with respect to compensation, other than the disposition of life
insurance and related benefits and accrued and unpaid base salary and incentive
compensation, if any, for periods prior to the date of termination pursuant to
the terms of the respective employee benefits and incentive compensation plans
then in effect.

                  (b) By World for Disability. If Harris incurs a disability and
such disability continues for a period of twelve (12) consecutive months, then
World may terminate this Agreement upon written notice to Harris, in which event
World shall have no obligation to Harris with respect to compensation under
Section 4(a) of this Agreement. The term "disability" means a physical or mental
illness that will prevent Harris from performing the essential functions of his
job for at least twelve (12) months or is likely to result in death. If Harris
becomes entitled to Social Security benefits payable on account of disability,
he will be deemed conclusively to be disabled for purposes of this Agreement.

                  (c) By World for Cause. (i) Except under the circumstances set
forth in Section 5(c)(ii) below, the Chairman of the Executive Committee of the
Board pursuant to a resolution duly adopted by the affirmative vote of a
majority of the entire

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membership of the Board, excluding the vote of Harris, at a meeting of the Board
may terminate this Agreement, subject to Section 6(f) and those provisions that
survive this Agreement, for Cause. "Cause" shall be defined as (A) sustained
performance deficiencies which are communicated to Harris in written performance
appraisals and/or other written communications (including, but not limited to
memos and/or letters) by the Chairman of the Executive Committee of the Board
pursuant to a resolution duly adopted by the affirmative vote of a majority of
the entire membership of the Board, excluding the vote of Harris, (B) gross
misconduct, including significant acts or omissions constituting dishonesty,
intentional wrongdoing or malfeasance, whether or not relating to the business
of World, (C) commission of a felony or any crime involving fraud or dishonesty,
or (D) a material breach of this Agreement.

         (ii)     In the event of a Change of Control, as defined below, Harris
may only be terminated for Cause pursuant to a resolution duly adopted pursuant
to a resolution duly adopted by the affirmative vote of a majority of the entire
membership of the Board, excluding the vote of Harris, at a meeting of the Board
finding that, in the good faith opinion of the Board, Harris was guilty of
conduct set forth in Section 5(c)(i)(A), (B), (C) or (D) provided, however, that
Harris may not be terminated for Cause hereunder unless: (1) Harris receives
prior written notice of World's intention to terminate this Agreement for Cause
and the specific reasons therefor; and (2) Harris has an opportunity to be heard
by World's Board and be given, if the acts are correctable, a reasonable
opportunity to correct the act or acts (or non-action) giving rise to such
written notice. If the Board by resolution duly adopted by the affirmative vote
of a majority of the entire membership of the Board finds that Harris fails to
make such correction after reasonable opportunity to do so, this Agreement may
be terminated for Cause.

                  (d) By World for Other Than Cause. In the event the Board
terminates this Agreement for reasons other than Cause or Disability as defined
in sub-paragraph (c) above, World will pay to Harris within ten (10) days of
notice of termination (or, in the case of incentive bonus compensation, if any,
within ten (10) days of determination of amounts payable under the applicable
bonus plan) twenty-four month's base salary, in each case including deferred
salary and/or bonus compensation, if any, payable under this Agreement. In
addition, all granted but unvested stock Options shall become immediately
exercisable. In the event that any payment to Harris under this paragraph is
subject to any federal or state excise tax, World shall pay to Harris an
additional amount equal to the excise tax imposed including additional federal
and state income and excise taxes as a result of the payments under this
paragraph, and such payment will be made when the excise tax and income taxes
are due; provided, however, that Harris agrees to assist World by using his best
efforts to structure matters so that any payment to Harris under this paragraph
is not subject to any federal or state excise tax. Whether an excise tax is
payable, and the amount of the excise tax and additional income taxes payable,
shall be determined by World's accountants and World shall hold Harris harmless
for any and all taxes, penalties, and interest that may become due as a result
of the failure to

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properly determine that an excise tax is payable or the correct amount of the
excise tax and additional income taxes, together with all legal and accounting
fees reasonably incurred by Harris in connection with any dispute with any
taxing authority with respect to such determinations and/or payments. In the
event of a disagreement between World and Harris as to whether the termination
was for Cause, that issue shall be submitted by Harris within twenty (20) days
of the notice of termination to binding arbitration, or any objection to World's
determination that termination is for Cause shall be waived.

                  (e) By Harris for Good Reason. Harris may terminate his
employment hereunder (for purposes of this Agreement "Good Reason") after giving
at least 30 days notice in the event that, without Harris's consent: (i) World
relocates its general and administrative offices or Harris' place of employment
to an area other than the Washington, D.C. or Atlanta, Georgia Standard
Metropolitan Statistical Area, (ii) he is assigned any duties substantially
inconsistent with Section 3 hereof, (iii) World reduces his annual base salary
as in effect on the date hereof or as the same may be increased from time to
time; (iv) World fails, without Harris' consent, to pay Harris any portion of
his current compensation, or to pay him any portion of an installment of
deferred compensation under any deferred compensation program of World, within
seven (7) days of the date such compensation is due; (v) World fails to continue
in effect any compensation plan in which Harris participates which is material
to Harris's total compensation, unless an equitable arrangement (embodied in an
ongoing substitute or alternative plan) has been made with respect to such plan,
or to continue Harris's participation therein (or in such substitute or
alternative plan) on a basis not materially less favorable, both in terms of the
amount of benefits provided and the level of Harris's participation relative to
other participants; (vi) World fails to continue to provide Harris with benefits
substantially similar to those enjoyed by Harris under any of World's pension,
life insurance, medical, health and accident, or disability plans in which
Harris was participating, or World takes any action which would directly or
indirectly materially reduce any of such benefits or deprive Harris of any
material fringe benefit enjoyed by Harris; (vii) World terminates, or proposes
to terminate, Harris's employment hereunder contrary to the requirements of
Section 5(c) hereof (for purposes of this Agreement, no such termination or
purported termination shall be effective) and Harris has submitted the matter to
arbitration, as set forth in Section 5(d); or (viii) the Board approves the
liquidation or dissolution of World prior to the end of this Agreement. In the
event that Harris decides to terminate this Agreement and his employment with
World or any successor in interest in accordance with the provisions of this
Section 5(e), World shall have the same obligations as set forth in Section 5(d)
hereof. Any other payments due or actions required under this paragraph shall be
made as lump sums or taken within 10 days of termination of the Agreement.

                  (f) By Harris for Other Than Good Reason. Notwithstanding the
above, Harris may upon giving reasonable notice, not to be less than six months,
terminate this Agreement without further obligation on the part of Harris or
World.

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                  (g) Changes of Control. For purposes of this Agreement, a
"Change of Control" includes the occurrence of any one or more of the following
events:

                      (i)   any Person, other than the World, is or becomes the
Beneficial Owner (as defined in Rule 13d-3 under the Securities Exchange Act of
1934, as amended (the "Exchange Act")), directly or indirectly, of securities of
World representing more than 50% of the combined voting power of World's then
outstanding securities; or

                      (ii)  during any period of two (2) consecutive years (not
including any period prior to the execution of this Agreement), individuals who
at the beginning of such period constitute the Board of World and any new
director (other than a director designated by a Person who has entered into an
agreement with World to effect a transaction described in clause (i), (iii) or
(iv) or this Section 5 (f)) whose election by the Board of World or nomination
for election by the stockholders of World was approved by a vote of at least
two-thirds (2/3) of the directors then still in office who either were directors
at the beginning of the period or whose election or nomination for election was
previously so approved, cease for any reason to constitute a majority thereof;
or

                      (iii) the shareholders of World approve a merger or
consolidation of World with any other corporation, other than (A) a merger or
consolidation which would result in the voting securities of World outstanding
immediately prior thereto continuing to represent (either by remaining
outstanding or being converted into voting securities of the surviving entity),
in combination with the ownership of any trustee or other fiduciary holding
securities under an employee benefit plan of World or any of its affiliates, at
least 50% of the combined voting power of the voting securities of World or such
surviving entity outstanding immediately after such merger or consolidation, or
(B) a merger or consolidation effected to implement a recapitalization of World
(or similar transaction) in which no Person acquires more than 50% of the
combined voting power of World's then outstanding securities; or

                      (iv)  the shareholders of World approve a plan of complete
liquidation of World or an agreement for the sale or disposition by World of all
or substantially all of World's assets.

                  (h) "Person" Defined. For purposes of this Section, "Person"
shall have the meaning given in Section (3)(a)(9) of the Exchange Act, as
modified and used in Sections 13(d) and 14(d) thereof; however, a Person shall
not include (i) World or WorldCorp, Inc. or any of their subsidiaries or
affiliates; (ii) a trustee or other fiduciary holding securities under an
employee benefit plan of World or WorldCorp, Inc. or any of their subsidiaries;
(iii) an underwriter temporarily holding securities pursuant to an offering of
such securities; or (iv) a corporation owned, directly or indirectly, by the
stockholders of World or WorldCorp, Inc. in substantially the same proportions
as their ownership of stock of World or WorldCorp, Inc.

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                  (i) Notice of Termination. Termination of this Agreement by
World or termination of this Agreement by Harris shall be communicated by
written notice to the other party hereto, specifically indicating the
termination provision relied upon.

                  (j) World Property. At the termination of Harris's employment,
whether such termination is voluntary or involuntary, Harris shall return all
World property, including without limitation all electronic and paper files and
documents and all copies thereof.

         6.       Confidentiality/Restrictive Covenant. (a) Harris recognizes
and acknowledges that he will acquire during his employment with World
information that is confidential to World and that represents valuable, special
and unique assets of World ("Confidential Information"). Such Confidential
Information (whether or not reduced to tangible form) includes, but is not
limited to: trade secrets; financing documents and information; financial data;
new product information; copyrights; information relating to schedules and
locations; cost and pricing information; performance features; business
techniques; business methods; business and marketing plans or strategies;
business dealings and arrangements; business objectives; customer information;
sales information; acquisition, merger or business development plans or
strategies; research and development projects; legal documents and information;
personnel information; and any and all other information concerning World's
business and business practices that is not generally known or made available to
the public or to World's competitors which, if misused or disclosed, could
adversely affect the business of World. Harris agrees that he will not, during
employment with World and for a period of two (2) years following termination of
employment for any reason, whether voluntary or involuntary, with or without
Cause, directly or indirectly:

         (i)      disclose any Confidential Information to any person, World or
                  other entity (other than authorized persons employed by or
                  affiliated with World who, in the interest of World, have a
                  business need to know such information), or

         (ii)     use any Confidential Information in any way, except as
                  required by his duties to World or by law, unless he obtains
                  World's prior written approval of such disclosure or use.
                  World's rights under this Section shall be cumulative to, and
                  shall not limit, World's rights under the Virginia Uniform
                  Trade Secrets Act or any other state or federal trade secret
                  or unfair competition statute or law. The parties hereto
                  stipulate that as between them, the foregoing matters are
                  important, material, and confidential and gravely affect the
                  successful conduct of the business of World, and World's good
                  will, and that any breach of the terms of this paragraph shall
                  be a material breach of this Agreement.

         (b)      While employed by World and for a period of two (2) years
following

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termination of employment for any reason, whether voluntary or involuntary, with
or without Cause, Harris agrees that he will not, directly or indirectly, either
as principal, agent, employee, employer, owner, stockholder (owning more than 5%
of a corporation's shares), partner, contractor, consultant or in any other
individual or representative capacity:

                  (i)   Request, induce or attempt to induce any customer of
World: (A) to terminate or curtail any business relationship with World or (B)
to establish or attempt to establish a similar business relationship with a
person or entity other than World;

                  (ii)  Solicit, cause, encourage or in any way assist any
person or entity to solicit, any aviation business from any person or entity who
at such time is, or within the preceding twelve (12) months, had been a customer
of World, unless such customer of World was also already a customer of such
other person or entity on the date of Harris's termination;

                  (iii) Induce or attempt to induce any of World's officers,
directors, or employees to terminate their employment or relationship with
World, or induce or attempt to induce any such persons to provide
aviation-related services or services similar to those they provide for World
for any other person, firm or organization.

         (c)      Harris agrees that the restrictions set forth in this
Agreement are reasonable, proper, and necessitated by legitimate business
interests of World and do not constitute an unlawful or unreasonable restraint
upon Harris's ability to earn a livelihood. The parties agree that in the event
any of the restrictions in this Agreement are found to be overbroad or
unreasonable by a tribunal or court of competent jurisdiction, the parties agree
that this Agreement should be enforced to the maximum extent allowed by
applicable law, and the parties authorize and request such court or tribunal to
determine the maximum time, geographic area, activity and other applicable
limitations allowable by law and to reform the applicable provisions to such
maximum limitations.

         (d)      Harris acknowledges that it may be impossible to assess the
monetary damages incurred by his violation of this Agreement, or any of its
terms, and that any threatened or actual violation or breach of this Agreement,
or any of its terms, will constitute immediate and irreparable injury to World.
Therefore, Harris expressly agrees that, in addition to any and all monetary
damages and other remedies and relief available to World as a result of Harris's
violation or breach of this Agreement, World shall be entitled to an injunction
restraining Harris from violating or breaching this Agreement, or any of its
terms (and no bond or other security will be required in connection therewith);
World will be entitled to specific performance of this Agreement; and World will
be entitled to recover its reasonable attorneys' fees and costs incurred to
enforce, or prosecute or defend any action relating to, this Agreement. In the
event World enforces this Agreement through court order or other decree, Harris
agrees that

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the restrictions contained in this Agreement shall remain in effect for a period
of twenty four (24) consecutive months from the effective date of such order or
decree enforcing the Agreement.

         (e) Section 9 of this Agreement, relating to arbitration, shall not
apply to this Section 6. The parties agree that any dispute between them
relating to or involving this Section 6, including without limitation, any
question concerning the construction, validity, application, interpretation or
alleged breach or threatened breach of this Section 6, shall be litigated in a
court in the state in which World maintains its principal executive offices.

         (f) Section 4(h) of this Agreement and any other indemnity agreements
between Harris and World shall not apply to actions, suits or proceedings to
enforce World's rights under, or that otherwise relate to, this Agreement,
including without limitation, this Section 6.

         (g) References in this Section 6 to "World" include World Airways, Inc.
and any and all of its current or future parents, subsidiaries, affiliated
companies, and divisions.

         7.  Beneficiary. The Beneficiary of any payment due and payable at the
time of Harris's death, or otherwise due upon his death, shall be such person or
persons as Harris shall designate in writing to World. If no such beneficiary
shall survive Harris, any such payments shall be made to his estate.

         8.  Intellectual Property. (a) Any improvements, new techniques,
processes, inventions, works, discoveries, products or copyrightable or
patentable materials made or conceived by Harris, either solely or jointly with
other person(s), (1) during Harris's period of employment by World, during
working hours; (2) during the period after termination of his employment during
which he is retained by World as a consultant; or (3) with use of World's
intellectual property or Confidential Information, shall be the sole and
exclusive property of World without royalty or other consideration to Harris.

             (b) Harris agrees to inform World promptly and in full of such
intellectual property by a full written report setting forth in detail the
procedures used and the results achieved.

             (c) Harris shall at World's request and expense execute any and all
applications, assignments, or other instruments which World shall deem necessary
to apply for, register, and/or obtain copyrights or Letters Patent of the United
States or of any foreign country, or to otherwise protect World's interests in
such intellectual property.

             (d) Harris shall assign and does hereby assign to World all
interests

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and rights, including but not limited to copyrights, in any such intellectual
property.

         9.  Arbitration. Except as described in Section 6, above, any dispute
or controversy arising under or in connection with this Agreement shall be
settled exclusively by arbitration, under the commercial arbitration rules of
the American Arbitration Association. The prevailing party in any such
arbitration, or any court action to enforce or vacate an arbitration award,
shall be entitled to its costs and reasonable attorneys fees from the other
party.

         10. No Waiver. The failure of either party at any time to enforce any
provisions of this Agreement or to exercise any remedy, option, right, power or
privilege provided for herein, or to require the performance by the other party
of any of the provisions hereof, shall in no way be deemed a waiver of such
provision at the same or at any prior or subsequent time.

         11. Governing Law. All questions concerning the construction, validity,
application and interpretation of this Agreement shall be governed by and
construed in accordance with the laws of the State of Virginia without giving
effect to any choice of law or conflict of law provision or rule (whether of
Virginia or any other jurisdiction) that would cause the application of the law
of any jurisdiction other than Virginia. Harris agrees to submit to personal
jurisdiction in the state in which World maintains its principal executive
offices.

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

         13. Successors. This Agreement shall inure to the benefit of and be
binding upon World, its successors and assigns, including any corporation or
other business entity which may acquire all or substantially all of World's
assets or business, or within which World may be consolidated or merged, or any
surviving corporation in a merger involving World.

         14. Waiver of Modification of Agreement. No waiver or modification of
this Agreement shall be valid unless in writing and duly executed by both
parties.

         15. Counterparts. This Agreement may be executed in one or more
counterparts, each of which together will constitute one and the same
instrument.

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

                               WORLD AIRWAYS, INC.

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                                      By:      _________________________________
                                               Chairman, Executive Committee

                                               _________________________________
                                               Hollis L. Harris

                                       11<PAGE>

                                                                    Exhibit 10.1

                            Indemnification Agreement

     This indemnification agreement (the "Agreement") is made as of the ____day
of ________, ____, by and between West Marine, Inc., a Delaware corporation (the
"Company), with an address at 500 Westridge Drive, Watsonville, California
95076, and ________________________________(the "Indemnitee"), with an address
at _____________________

                              W I T N E S S E T H:

     WHEREAS, the Company and Indemnitee recognize the continued difficulty in
obtaining liability insurance for the Company's directors, officers, employees,
agents and fiduciaries, that there can be no assurance that directors' and
officers' liability insurance will continue to be available to the Company and
Indemnitee, and that it is possible that the cost of such insurance, if
obtainable, may not be acceptable to the Company; and

     WHEREAS, the Company and the Indemnitee further recognize the substantial
increase in corporate litigation in general, subjecting officers, directors,
employees, agents and fiduciaries to expensive litigation risks at the same time
as the availability and coverage of liability insurance has been severely
limited; and

     WHEREAS, Indemnitee does not regard the current protection available as
adequate under the present circumstances, and the Indemnitee and other
directors, officers, employees, agents and fiduciaries of the Company may not be
willing to serve, or continue to serve, the Company or any of its subsidiaries
as an officer, director, employee, agent or fiduciary without assurances that
adequate liability insurance, indemnification or a combination thereof is, and
will continue to be, provided; and

     WHEREAS, the Company desires to attract and retain the services of highly
qualified individuals, such as Indemnitee, to serve the Company and, in part, in
order to induce Indemnitee to serve or to continue to serve the Company or any
of its subsidiaries, the Company has agreed to provide for the indemnification
and advancing of expenses to Indemnitee to the maximum extent permitted by law;
and

     WHEREAS, as a result of the provision of such benefits, Indemnitee has
agreed to serve or to continue to serve as an officer, director, employee or
agent of the Company or any of its subsidiaries, and the Company desires that
Indemnitee shall be indemnified by the Company as set forth herein.

     NOW, THEREFORE, in consideration of the promises, conditions,
representations and warranties set forth herein, the Company and Indemnitee
hereby agree as follows:

     1. Definitions/Construction of Phrases. The following terms, as used
herein, shall have the following respective meanings:

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          (a) "Company" shall include, in addition to the above named or any
resulting corporation, any constituent corporation (including any constituent of
a constituent) absorbed in a consolidation or merger which, if its separate
existence had continued, would have had power and authority to indemnify its
directors, officers, employees, agents or fiduciaries, so that if Indemnitee is
or was a director, officer, employee, agent or fiduciary of such constituent
corporation, or is or was serving at the request of such constituent corporation
as a director, officer, employee, agent or fiduciary of another corporation,
partnership, joint venture, employee benefit plan, trust or other enterprise,
Indemnitee shall stand in the same position under the provisions of this
Agreement with respect to the resulting or surviving corporation as Indemnitee
would have with respect to such constituent corporation if its separate
existence had continued.

          (b) "Covered Amount" means Losses and Expenses which, in type or
amount, are not insured under any directors' and officers' liability insurance
maintained by the Company from time to time.

          (c) "Covered Act" means any past, present or future breach of duty,
neglect, error, misstatement, misleading statement, omission or other act done
or wrongfully attempted by Indemnitee or any of the foregoing alleged by any
claimant or any claim against Indemnitee by reason of Indemnitee at any time
being a director, officer employee, agent or fiduciary of the Company or any of
its subsidiaries or a director, officer, employee, agent or fiduciary of another
corporation, partnership, joint venture, trust or other enterprise at the
request of the Company, or if Indemnitee was or is or becomes a party to or
witness or other participant in, or is threatened to be made a party to or
witness or other participant in, any threatened, pending or completed action,
suit, proceeding or alternative dispute resolution mechanism, or any hearing,
inquiry or investigation that Indemnitee in good faith believes might lead to
the institution of any such action, suit, proceeding or alternative dispute
resolution mechanism, whether civil, criminal, administrative, investigative or
other, by reason of (or arising in part out of) any event or occurrence related
to the fact that Indemnitee is or was a director, officer, employee, agent or
fiduciary of the Company, or any subsidiary of the Company, or is or was serving
at the request of the Company an a director, officer, employee, agent or
fiduciary of another corporation, partnership, joint venture, trust or other
enterprise, or by reason of any action or inaction on the part of Indemnitee
while serving in such capacity, provided that a Covered Act shall specifically
exclude any Excluded Claim.

          (d) "Determination" means a determination, based on the facts known at
the time, made by:
               (i)  An award of a neutral arbitrator selected by the parties; or
               (ii) A final adjudication by a court of competent jurisdiction.

          (e) "Determined" shall have a correlative meaning.

          (f) "Excluded Claim" means any payment for Losses or Expenses in
connection with any claim: Based upon or attributable to Indemnitee gaining in
fact any personal profit or advantage to which Indemnitee is not entitled; or

               (i)  For an accounting of profits in fact made from the purchase
                    or sale by Indemnitee of securities of the Company within
                    the meaning of Section 16(b) of the Securities Exchange Act
                    of 1934 and its amendments or

                                  Page 2 of 8

<PAGE>

                    similar provisions of any federal, state or local statutory
                    law; or
               (ii) Resulting from Indemnitee's knowingly fraudulent,
                    deliberately dishonest or willful misconduct unless
                    Indemnitee acted in good faith and in a manner Indemnitee
                    reasonably believed to be in or not opposed to the best
                    interests of the Company as determined by (A) a majority
                    vote of the directors of the Company who are not parties to
                    such action, suit or proceeding for which indemnification is
                    sought, even though less than a quorum, or (B) by a
                    committee of such directors designated by a majority vote of
                    such directors, even though less than a quorum, or (C) if
                    there are no such directors, or if such directors so direct,
                    by independent legal counsel in a written opinion, or (D) by
                    a vote of the holders of a majority of the Company's common
                    stock, excluding the shares held by Indemnitee; or
               (iii) The payment of which by the Company under this Agreement is
                    not permitted by applicable law; or
               (iv) Initiated or brought voluntarily by Indemnitee and not by
                    way of defense, except (A) in specific cases if the Board of
                    Directors has approved the initiation or bringing of such
                    claim, or (B) as otherwise required under Section 145 of the
                    Delaware General Corporation Law, regardless of whether
                    Indemnitee ultimately is determined to be entitled to
                    indemnification, advance Expense payment or insurance
                    recovery, as the case may be; or
               (v)  In which any Expenses incurred by the Indemnitee with
                    respect to actions or proceedings brought to establish or
                    enforce a right to indemnification under this Agreement or
                    any other agreement or insurance policy or under the
                    Company's Certificate of Incorporation or Bylaws now or
                    hereafter in effect relating to claims for Covered Acts, if
                    a court of competent jurisdiction makes a Determination that
                    each of the material assertions made by the Indemnitee in
                    such proceeding was not made in good faith or was frivolous;
                    or
               (vi) Which are not within the Covered Amount, i.e., which are
                    insured in type and amount under any directors' and
                    officers' liability insurance maintained by the Company from
                    time to time.

          (g) "Expenses" mean any and all expenses, including attorneys' fees
and all other costs, expenses and obligations incurred in connection with
investigating, defending, being a witness in or participating in (including on
appeal), or preparing to defend, be a witness in or participate in, any action,
suit, proceeding, alternative dispute resolution mechanism, hearing, inquiry,
judicial or administrative proceedings (including an action by or in the right
of the Company), whether civil or criminal, or appeals and costs of attachment
or similar bonds or investigation of a claim or claims made or threatened
against Indemnitee for any Covered Act, and any federal, state, local or foreign
taxes imposed on the Indemnitee as a result of the actual or deemed receipt of
any payments under this Agreement, including all interest, assessments and other
charges paid or payable in connection with or in respect of such expenses.

          (h) "Loss" means any amount which Indemnitee is legally obligated to
pay as a result of a claim or claims made against him for Covered Acts
including, without limitation, damages, judgments, fines penalties and amounts
paid in settlement (if such settlement is approved in

                                  Page 3 of 8

<PAGE>

advance by the Company, which approval shall not be unreasonably withheld) of a
Covered Act.

     2. Indemnification.
          (a) The Company shall indemnify, defend Indemnitee and hold Indemnitee
harmless to the fullest extent permitted by law from the Covered Amount of any
and all Losses and Expenses, subject, in each case, to the further provisions of
this Agreement. In the event of any change after the date of this Agreement in
any applicable law, statute or rule which expands the right of a Delaware
corporation to indemnify a member of its board of directors or an officer,
employee, agent or fiduciary, it is the intent of the parties hereto that
Indemnitee shall enjoy by this Agreement the greater benefits afforded by such
change.

          (b) The Company agrees that if there is a change in control of the
Company (other than a change in control which has been approved by a majority of
the Company's Board of Directors who were directors immediately prior to such
change in control) then with respect to all matters thereafter arising
concerning the rights of Indemnitee to payments of Losses and/or Expenses under
this Agreement or any other agreement or under the Company's Certificate of
Incorporation or Bylaws as now or hereafter in effect, independent legal
counsel, among other things, shall render its written opinion to the Company and
Indemnitee as to whether and to what extent Indemnitee would be permitted to be
indemnified under applicable law and the Company agrees to abide by such
opinion. The Company agrees to pay the reasonable fees of the independent legal
counsel referred to above and to fully indemnify such counsel against any and
all expenses (including reasonable attorneys' fees), claims, liabilities and
damages arising out of or relating to this Agreement or its engagement pursuant
hereto.

          (c) Notwithstanding any other provision of this Agreement other than
Paragraph 10 hereof, to the extent that Indemnitee has been successful on the
merits or otherwise including, without limitation, the dismissal of an action
without prejudice, in defense of any action, suit, proceeding, inquiry or
investigation referred to in Paragraph (2) (a) hereof or in the defense of any
claim, issue or matter therein, Indemnitee shall be indemnified against all
Expenses incurred by Indemnitee in connection therewith.

          (d) If Indemnitee is entitled under any provision of this Agreement to
indemnification by the Company for some or a portion of a Loss or Expense
incurred in connection with any claim, but not, however, for the total amount
thereof, the Company shall nevertheless indemnify Indemnitee for the portion of
such Loss or Expense to which Indemnitee is entitled.

     3. Excluded Coverage. The Company shall have no obligation to indemnify
Indemnitee for and defend and hold Indemnitee harmless from any Loss or Expense
which has been Determined to constitute an Excluded Claim.

     4. Indemnification Procedures.
          (a) Promptly after receipt by Indemnitee of notice of the commencement
of or the threat of commencement of any action, suit or proceeding, Indemnitee
shall, if indemnification with respect thereto may be sought from the Company
under this Agreement, notify the Company of the commencement thereof. Notice to
the Company shall be directed to the Chief Executive Officer of the Company at
the address set forth in this Agreement (or such other address as the Company
shall designate in writing to, Indemnitee). In addition, Indemnitee shall give
the Company such information and cooperation as it may reasonably require and as
shall be

                                  Page 4 of 8

<PAGE>

within Indemnitee's power.

          (b) If, at the time of the receipt of such notice, the Company has
directors' and officers' liability insurance in effect, the Company shall give
prompt notice of the commencement of such action, suit or proceeding to the
insurers in accordance with the procedures set forth in the respective policies
in favor of Indemnitee. The Company shall thereafter take all necessary or
desirable action to cause such insurers to pay, on behalf of Indemnitee, all
Losses and Expenses payable as a result of such action, suit or proceeding in
accordance with the terms of such policies.

          (c) To the extent the Company does not, at the time of the
commencement of or the threat of commencement of such action, suit or
proceeding, have applicable directors' and officers' liability insurance, or if
a Determination is made that any Expenses arising out of such action, suit or
proceeding will not be payable under the directors' and officers' liability
insurance then in effect, the Company shall be obligated to pay the Expenses of
any such action, suit or proceeding in advance of the final disposition thereof;
and the Company, if appropriate, shall be entitled to assume the defense of such
action, suit or proceeding with counsel reasonably satisfactory to Indemnitee,
upon the delivery to Indemnitee of written notice of its election to so do.
After delivery of such notice, the Company will not be liable to Indemnitee
under this Agreement for any legal or other Expenses subsequently incurred by
Indemnitee in connection with such defense other than reasonable Expenses of
investigation, provided that Indemnitee shall have the right to employ its
counsel in any such action, suit or proceeding, but the fees and expenses of
such counsel incurred after delivery of notice from the Company of its
assumption of such defense shall be at Indemnitee's expense, provided further
that if (i) the employment of counsel by Indemnitee has been previously
authorized by the Company, (ii) Indemnitee shall have reasonably concluded,
based upon a written opinion of independent legal counsel, that there may be a
conflict of interest between the Company and Indemnitee in the conduct of any
such defense, (iii) the Company shall not, in fact, have employed counsel to
assume the defense of such action, or (iv) Indemnitee necessarily had to consult
with counsel or counsel had to act on Indemnitee's behalf prior to the time that
Company-retained outside counsel was able to act, in each of which cases the
fees and expenses of counsel shall be at the expense of the Company. The Company
will not be entitled to assume the defense of any such action, suit or
proceedings as to which Indemnitee shall have made the conclusion described in
(ii) above.

          (d) All payments on account of the Company's indemnification
obligations under this Agreement shall be made within thirty (30) days of
Indemnitee's written request therefore, unless a Determination is made that the
claims giving rise to Indemnitee's request are Excluded Claims or otherwise not
payable under this Agreement, provided that, all payments on account of the
Company's obligations to pay Expenses under Paragraph 4(c) of this Agreement
prior to the final disposition of an action, suit or proceeding shall be made as
soon as practicable but in no event later than five (5) days after Indemnitee's
written request therefor and such obligation shall not be subject to any such
Determination but shall be subject to Paragraph 4(e) of this Agreement.

          (e) Indemnitee agrees that Indemnitee will reimburse the Company for
all Losses and Expenses paid by the Company in connection with any action, suit
or proceeding against Indemnitee in the event and only to the extent that a
Determination shall have been made by a court in a final adjudication or by
final and binding arbitration from which there is no further right of appeal
that the Indemnitee is not entitled to be indemnified by the Company for such

                                  Page 5 of 8

<PAGE>

Expenses because the claim is an Excluded Claim or because Indemnitee is
otherwise not entitled to payment under this Agreement pursuant to the Company's
Bylaws or otherwise, including applicable provisions of the Delaware General
Corporation Law. Indemnitee's obligation to reimburse the Company for any Losses
or Expenses shall be unsecured and no interest shall be charged thereon.

          (f) For purposes of this Agreement, the termination of any claim by
judgment, order, settlement (whether with or without court approval) or
conviction, or upon a plea of nolo contendere, or its equivalent, shall not
create a presumption that Indemnitee did not meet any particular standard of
conduct or have any particular belief or that a court has determined that
indemnification is not permitted by applicable law.

     5. Settlement. The Company shall have no obligation to indemnify Indemnitee
under this Agreement for any amounts paid in settlement of any action, suit or
proceeding effected without the Company's prior written consent. The Company
shall not settle any claim in any manner which would impose any obligation on
Indemnitee without Indemnitee's written consent. Neither the Company nor
Indemnitee shall unreasonably withhold or delay their consent to any proposed
settlement.

     6. Rights Not Exclusive. The rights provided hereunder shall not be deemed
exclusive of any other rights to which the Indemnitee may be entitled under the
Company's Certificate of Incorporation, its Bylaws, any other agreement, any
vote of stockholders or disinterested directors, the Delaware General
Corporation Law or otherwise, both as to action in Indemnitee's official
capacity and as to action in any other capacity by holding such office, and
shall continue after the Indemnitee ceases to serve the Company as an officer,
director, employee or agent.

     7. Enforcement.
          (a) In any action for indemnification, the burden of proving that
indemnification is not required under this Agreement shall be on the Company.

          (b) In the event that any action is instituted by Indemnitee under
this Agreement, or to enforce or interpret any of the terms of this Agreement,
Indemnitee shall be entitled to be paid all Expenses, including all court and
arbitrator's costs and expenses and reasonable counsel fees, incurred by
Indemnitee with respect to such action, regardless of whether Indemnitee is
ultimately successful in such action, and shall be entitled to the advancement
of such Expenses, unless the court or an arbitrator Determines that each of the
material assertions made by Indemnitee as a basis for such action were not made
in good faith or were frivolous.

          (c) Indemnitee may elect to submit any action under this Agreement to
final and binding arbitration. Any reference to arbitration herein shall include
the rights of the parties to move to vacate or confirm an arbitrator's award
under California law.

     8. Mutual Acknowledgement. Both the Company and Indemnitee acknowledge that
in certain instances, Federal law or applicable public policy may prohibit the
Company from indemnifying its directors, officers, employees, agents or
fiduciaries under this Agreement or otherwise. Indemnitee understands and
acknowledges that the Company has undertaken or may be required in the future to
undertake with the Securities and Exchange Commission to submit the question of
indemnification to a court in certain circumstances for a determination of the

                                  Page 6 of 8

<PAGE>

Company's right under public policy to indemnify Indemnitee.

     9. Liability Insurance. To the extent that the Company maintains liability
insurance applicable to directors, officers, employees, agents or fiduciaries,
Indemnitee shall be covered by such policies in such a manner as to provide
Indemnitee the same rights and benefits as are accorded to the most favorably
insured of the Company's directors, if Indemnitee is a director; or of the
Company's officers, if Indemnitee is not a director of the Company but is an
officer; or of the Company's key employees, agents or fiduciaries, if Indemnitee
is not an officer or director but is a key employee, agent or fiduciary.

     10. Period of Limitations. No legal action shall be brought and no cause of
action shall be asserted by or in the right of the Company against Indemnitee,
Indemnitee's estate, spouse, heirs, executors or personal or legal
representatives after the expiration of two years from the date of accrual of
such cause of action, and any claim or cause of action of the Company shall be
extinguished and deemed released unless asserted by the timely filing of a legal
action within such two-year period; provided, however, that if any shorter
period of limitations is otherwise applicable to any such cause of action, such
shorter period shall govern.

     11. Severability. In the event that any provision of this Agreement is
determined by a court to require the Company to do or to fail to do any act
which is in violation of applicable law, such provision shall be limited or
modified in its application to the minimum extent necessary to avoid a violation
of 1aw, and, as so limited or modified, such provision and the balance of this
Agreement shall be enforceable in accordance with their terms.

     12. Choice of Law. This Agreement shall be governed by and construed and
enforced in accordance with the laws of the State of Delaware.

     13. Continuation of Indemnification. All agreements and obligations of the
Company contained herein shall continue during the period that Indemnitee is an
officer, director, employee or agent of the Company (or is or was serving at the
request of the Company as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust or other enterprise) and shall
continue thereafter so long as Indemnitee shall be subject to any possible Loss
or Expense by reason of the fact that Indemnitee was an officer, director,
employee or agent of the Company or serving in any other capacity referred to
above.

     14. Subrogation. In the event of payment under this Agreement, the Company
shall be subrogated to the extent of such payment to all of the rights of
recovery of Indemnitee, who shall execute all documents and take all actions
reasonably requested by the Company to implement such right of subrogation.

     15. Successor and Assigns. This Agreement shall be (i) binding upon all
successors and assigns of the Company (including any transferee of all or
substantially all of its assets and any successor by merger or otherwise by
operation of law), and (ii) shall be binding on and inure to the benefit of the
heirs, personal representatives and estate of Indemnitee. In the event that the
Company or any of its assets are sold or in the event that Company is merged
with any other entity, the Company shall require and cause any successor
(whether direct or indirect by purchase, merger, consolidation or otherwise) to
all, substantially all, or a substantial part, of the business or assets of the
Company, by written agreement in form and substance satisfactory to

                                  Page 7 of 8

<PAGE>

Indemnitee, expressly to assume and agree to perform this Agreement in the same
manner and to the same extent that the Company would be required to perform if
no such succession had taken place. This Agreement shall continue in effect
regardless of whether Indemnitee continues to serve as a director, officer,
employee, agent or fiduciary (as applicable) of the Company or of any other
enterprise at the Company's request.

     16. Amendment. No amendment, modification termination or cancellation of
this Agreement shall be effective unless made in writing signed by each 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.

     17. Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall constitute an original.

     18. Notice. All notices, requests, demands and other communications under
this Agreement shall be in writing and shall be deemed duly given (i) if
delivered by hand and signed for by the party addressed, on the date of such
delivery, or (ii) if mailed by domestic certified or registered mail with
postage prepaid, on the third business day after the date postmarked. Addresses
for notice to either party are as shown on the opening Paragraph of this
Agreement, or as subsequently modified by written notice.

     19. Integration and Entire Agreement. This Agreement sets forth the entire
understanding between the parties hereto and supercedes and merges all previous
written and oral negotiations, commitments, understandings and agreements
relating to the subject matter hereof between the parties hereto.

     20. No Construction as Employment Agreement. Nothing contained in this
Agreement shall be construed as giving Indemnitee any right to be retained in
the employ of the Company or any of its subsidiaries.

     21. Authorization and Approval. The Company confirms and agrees that it has
entered into this Agreement and assumed the obligations imposed on it under this
Agreement to induce Indemnitee to become and continue as a director, officer,
employee or agent of the Company, and acknowledges that Indemnitee is relying
upon the full enforcement and binding nature of this Agreement in accepting and
continuing in such capacity. The Company represents and warrants to Indemnitee
that all requisite corporate action has or will be taken promptly to authorize
and approve this Agreement.

     IN WITNESS WHEREOF, the Company and Indemnitee have executed this Agreement
as of the day and year first above written.

WEST MARINE, INC.
                                                     INDEMNITEE

--------------------------
By:                                                  --------------------------
Its:                                                 Print Name:

                                  Page 8 of 8

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