Document:

EXHIBIT 4.6 

GEVITY HR, INC.
RESTRICTED STOCK AWARD 

        This
RESTRICTED STOCK AWARD (the “Award”) is made and entered into as of the ____ day
of _________, 20__ by and between Gevity HR, Inc. (the “Company”), a Florida
corporation, and _____________________________ (the “Employee”). 

        Upon
and subject to the Additional Terms and Conditions attached hereto and incorporated herein
by reference as part of this Award, the Company hereby awards as of the Grant Date to the
Employee the Restricted Shares described below pursuant to the Gevity HR, Inc. 2005 Equity
Incentive Plan (the “Plan”) in consideration of the Employee’s services to
the Company (the “Restricted Stock Award”). 

	 	         A.  	Grant
Date:  ________________. 

               	 	B. 	
                    Restricted Shares: ______________ shares of the Company’s common
                    stock (“Common Stock”), $.01 par value per share. 

                    

               	 	C. 	
                    Vesting Schedule: The Restricted Shares shall vest according to the
                    Vesting Schedule attached hereto as Schedule 1 hereto (the
                    “Vesting Schedule”). The Restricted Shares which have become vested
                    pursuant to the Vesting Schedule are herein referred to as the “Vested
                    Shares.” Any and all unvested Restricted Shares determined as of the
                    Employee’s Termination of Employment will be forfeited and returned to the
                    Company. 

                    

        IN
WITNESS WHEREOF, the Company and Employee have signed this Award as of the Grant Date set
forth above. 

			
	 	 	Gevity HR, Inc.

By:____________________________________

Title:___________________________________

_______________________________________

Employee
			
			

ADDITIONAL TERMS AND
CONDITIONS OF
GEVITY HR, INC.
RESTRICTED STOCK AWARD 

         1.       
          Condition to Delivery of Restricted Shares. 

		    (a)                             Employee
must deliver to the Company, within two (2) business days after the
               earlier of (i) the date (the “Vesting Date”) on which any
Restricted                Shares become Vested Shares, or (ii) the date the Employee
makes an                election pursuant to Section 83(b) of the Internal Revenue Code
as to all or any                portion of the Restricted Shares, either cash or a
certified check payable to                the Company in the amount of all tax
withholding obligations (whether federal,                state or local) imposed on the
Company by reason of the vesting of the                Restricted Shares, or the making
of an election pursuant to Section 83(b) of the                Internal Revenue Code, as
applicable, except as provided in Section 1(b).  

		    (b)                             If
the Employee does not make an election pursuant to Section 83(b) of the
               Internal Revenue Code, in lieu of paying the withholding tax obligations
in cash                or by certified check as required by Section 1(a), Employee
may elect (the                “Withholding Election”) to have the actual number
of shares of Common                Stock that become Vested Shares reduced by the
smallest number of whole shares                of Common Stock which, when multiplied by
the Fair Market Value of the Common                Stock determined by the closing price
for the Common Stock on the last business                day immediately preceding the
applicable Vesting Date, is sufficient to satisfy                the amount of the tax
withholding obligations imposed on the Company by reason                of the vesting of
the Restricted Shares on the applicable Vesting Date. Employee                may make a
Withholding Election only if all of the following conditions are met:  

          		    (i)       
               the Withholding Election must be made on or prior to the Vesting Date by
               executing and delivering to the Company a properly completed Notice of
               Withholding Election, in substantially the form of Exhibit A attached
               hereto; and 

               

          		    (ii)       
               any Withholding Election made will be irrevocable; however, the Compensation
               Committee of the Board of Directors of the Company (the “Committee”)
               may, in its sole discretion, disapprove and give no effect to any Withholding
               Election. 

               

		    (c)                             Unless
and until the Employee provides for the payment of the tax withholding
               obligations in accordance with the provisions of this Section 1, the
Company                shall have no obligation to deliver any of the Vested Shares and
may take any                other actions necessary to satisfy such obligations,
including withholding of                appropriate sums from other amounts payable to
the Employee. Provided that the                Employee is not a “director” or
“executive officer”, within                the meaning of Section 13(k) of the
Securities Exchange Act of 1934 (Section 402                of the Sarbanes-Oxley Act of
2002), at the time tax withholding obligations                become due, at the request
of the Employee, the Committee may make, or authorize                the making of, such
arrangements with the Employee and a broker, dealer or other                “creditor” (as
defined by Regulation T issued by the Board of                Governors of the Federal
Reserve System) acting on behalf of the Employee for                the receipt from such
broker, dealer or other “creditor” of cash by                the Company in an
amount necessary to satisfy the Employee’s tax                withholding
obligations in exchange for delivery of a number of Vested Shares                directly
to the broker, dealer or other “creditor” having a value                equal
to the cash delivered.  

         2.       
          Issuance of Restricted Shares. 

		    (a)                             The
Company shall issue the Restricted Shares as of the Grant Date in either
               manner described below, as determined by the Committee in its sole
discretion:  

          		    (i)       
               by the issuance of share certificate(s) evidencing Restricted Shares to the
               Secretary of the Company or such other agent of the Company as may be designated
               by the Committee (the “Share Custodian”); or 

               

          		    (ii)       
               by documenting the issuance in uncertificated or book entry form on the
               Company’s stock records. 

               

Evidence of the Restricted Shares
either in the form of share certificate(s) or book entry, as the case may be, shall be
held by the Company or Share Custodian, as applicable, until the Restricted Shares become
Vested Shares in accordance with the Vesting Schedule.  

	 	(b) 	                             If
the Employee is determined by the Committee to be an “affiliate” of
               the Company, as such term is defined in Rule 144 (“Rule 144”)
under                the Securities Act of 1933, as amended (the “Securities Act”),
the                Restricted Shares (and the Vested Shares resulting therefrom) shall be
evidenced                only by physical share certificates.  

	 	(c) 	                             When
the Restricted Shares become Vested Shares, the Company or the Share
               Custodian, as the case may be, shall deliver the Vested Shares, by either
               physical delivery of the share certificate(s) or book entry transfer, as
               applicable, to a broker designated by the Company (the “Designated
               Broker”) for the benefit of an account established in the name of the
               Employee, after, to the extent applicable, payment by the Employee of the
tax                withholding obligations pursuant to Section 1(a) and/or reduced by any
Vested                Shares withheld and returned to the Company pursuant to Section
1(b) above or                delivered to a broker, dealer or other “creditor” as
contemplated by                Section 1(c) above (such reduced number of Vested Shares
are referred to in this                Section 2(c) as the “Net Vested Shares”).
If the number of Vested                Shares includes a fraction of a share, neither the
Company nor the Share                Custodian shall be required to deliver the
fractional share to the Employee, and                the Company shall pay the Employee
the amount determined by the Company to be                the estimated fair market value
therefor. At any time after receipt by the                Designated Broker, the Employee
may require that the Designated Broker deliver                the Net Vested Shares to
the Employee pursuant to such arrangements or                agreements as may exist
between the Designated Broker and the Employee.  

		    (d)                             In
the event that the Employee forfeits any of the Restricted Shares, the
               Company shall cancel the issuance on its stock records and, if applicable,
the                Share Custodian shall promptly deliver the share certificate(s)
representing the                forfeited shares to the Company.  

		    (e)                             Employee
hereby irrevocably appoints the Share Custodian, and any successor
               thereto, as the true and lawful attorney-in-fact of Employee with full
power and                authority to execute any stock transfer power or other
instrument necessary to                transfer any Restricted Shares to the Company in
accordance with this Award, in                the name, place, and stead of the Employee.
The term of such appointment shall                commence on the Grant Date of this
Award and shall continue until the last of                the Restricted Shares are
delivered to the Employee as Vested Shares or are                returned to the Company
as forfeited Restricted Shares or as Vested Shares                withheld and returned
to the Company pursuant to Section 1(b), as provided by                the applicable
terms of this Award.  

		    (f)                             Until
the Restricted Shares become Vested Shares, the Employee shall be entitled
               to all rights applicable to holders of shares of Common Stock including,
without                limitation, the right to vote such shares and to receive dividends
or other                distributions thereon as provided by Section 3, except as
expressly provided in                this Award.  

		    (g)                             In
the event the number of shares of Common Stock is increased or reduced as a
               result of a subdivision or combination of shares of Common Stock or the
payment                of a stock dividend or any other increase or decrease in the
number of shares of                Common Stock or other transaction such as a merger,
reorganization or other                change in the capital structure of the Company,
the Employee agrees that any                certificate representing shares of Common
Stock or other securities of the                Company issued as a result of any of the
foregoing shall be delivered to the                Share Custodian or recorded in book
entry form, as applicable, and shall be                subject to all of the provisions
of this Award as if initially granted                hereunder.  

         3.       
          Dividends. The Employee shall be entitled to dividends or other
          distributions paid or made on all Restricted Shares as and when declared and
          paid or made. 

         4.       
          Restrictions on Transfer of Restricted Shares. 

		    (a)              General
Restrictions. Except as provided by this Award, the Employee                shall not
have the right to make or permit to exist any transfer or                hypothecation,
whether outright or as security, with or without consideration,                voluntary
or involuntary, of all or any part of any right, title or interest in                or
to any Restricted Shares. Any such disposition not made in accordance with
               this Award shall be deemed null and void. The Company will not recognize,
or                have the duty to recognize, any disposition not made in accordance with
the Plan                and this Award, and any Restricted Shares so transferred will
continue to be                bound by the Plan and this Award. The Employee (and any
subsequent holder of                Restricted Shares) may not sell, pledge or otherwise
directly or indirectly                transfer (whether with or without consideration and
whether voluntarily or                involuntarily or by operation of law) any interest
in or any beneficial interest                in any Restricted Shares except pursuant to
the provisions of this Award. Any                sale, pledge or other transfer (or any
attempt to effect the same) of any                Restricted Shares in violation of any
provision of the Plan or this Award shall                be void, and the Company shall
not record such transfer, assignment, pledge or                other disposition on its
books or treat any purported transferee or pledgee of                such Restricted
Shares as the owner or pledgee of such Restricted Shares for any                purpose.  

          		    (b)       
               Certain Permitted Transfers. The restrictions contained in this Section 4
               will not apply with respect to transfers of the Restricted Shares pursuant to
               applicable laws of descent and distribution; provided that the
               restrictions contained in this Section 4 will continue to be applicable to the
               Restricted Shares after any such transfer; and provided further that the
               transferee(s) of such Restricted Shares must agree in writing to be bound by the
               provisions of the Plan and this Award. 

               

         5.       
          Additional Restrictions on Transfer. 

          		    (a)       
               In addition to any legends required under applicable securities laws, the
               certificates representing the Restricted Shares shall be endorsed with the
               following legend and the Employee shall not make any transfer of the Restricted
               Shares without first complying with the restrictions on transfer described in
               such legend: 

               

TRANSFER IS RESTRICTED 

	 	
THE
SECURITIES EVIDENCED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER AND
FORFEITURE PROVISIONS WHICH ALSO APPLY TO THE TRANSFEREE AS SET FORTH IN A RESTRICTED
STOCK AWARD, DATED ___________, A COPY OF WHICH IS AVAILABLE FROM THE COMPANY. 

          		    (b)       
               Opinion of Counsel. No holder of Restricted Shares may sell, transfer,
               assign, pledge or otherwise dispose of (whether with or without consideration
               and whether voluntarily or involuntarily or by operation of law) any interest in
               or any beneficial interest in any Restricted Shares, except (i) pursuant to an
               effective registration statement under the Securities Act or (ii) in a
               transaction that fully complies with Rule 144, without first delivering to the
               Company an opinion of counsel (reasonably acceptable in form and substance to
               the Company) that neither registration nor qualification under the Securities
               Act and applicable state securities laws is required in connection with such
               transfer. 

               

         6.       
          Change in Capitalization. 

          		    (a)       
               The number and kind of Restricted Shares shall be proportionately adjusted for
               any increase or decrease in the number of issued shares of Common Stock
               resulting from a subdivision or combination of shares or the payment of a stock
               dividend in shares of Common Stock to holders of outstanding shares of Common
               Stock or any other increase or decrease in the number of shares of Common Stock
               outstanding effected without receipt of consideration by the Company. No
               fractional shares shall be issued in making such adjustment. All adjustments
               made by the Committee under this Section shall be final, binding, and
               conclusive. 

               

          		    (b)       
               In the event of a merger, consolidation, extraordinary dividend (including a
               spin-off), reorganization, recapitalization, sale of substantially all of the
               Company’s assets, other change in the capital structure of the Company,
               tender offer for shares of Common Stock or a Change in Control, an appropriate
               adjustment may be made with respect to the Restricted Shares such that other
               securities, cash or other property may be substituted for the Common Stock held
               by Share Custodian or recorded in book entry form pursuant to this Award. 

               

          		    (c)       
               The existence of the Plan and the Restricted Stock Award shall not affect the
               right or power of the Company to make or authorize any adjustment,
               reclassification, reorganization or other change in its capital or business
               structure, any merger or consolidation of the Company, any issue of debt or
               equity securities having preferences or priorities as to the Common Stock or the
               rights thereof, the dissolution or liquidation of the Company, any sale or
               transfer of all or part of its business or assets, or any other corporate act or
               proceeding. 

               

         7.       
          Governing Laws. This Award shall be construed, administered and enforced
          according to the laws of the State of Florida; provided, however, no Restricted
          Shares shall be issued except, in the reasonable judgment of the Committee, in
          compliance with exemptions under applicable state securities laws of the state
          in which the Employee resides, and/or any other applicable securities laws. 

         8.       
          Successors. This Award shall be binding upon and inure to the benefit of
          the heirs, legal representatives, successors, and permitted assigns of the
          parties. 

         9.       
          Notice. Except as otherwise specified herein, all notices and other
          communications under this Award shall be in writing and shall be deemed to have
          been given if personally delivered or if sent by registered or certified United
          States mail, return receipt requested, postage prepaid, addressed to the
          proposed recipient at the last known address of the recipient. Any party may
          designate any other address to which notices shall be sent by giving notice of
          the address to the other parties in the same manner as provided herein. Notices
          sent to the Company shall be addressed to the attention of the Secretary of the
          Company. 

         10.       
          Severability. In the event that any one or more of the provisions or
          portion thereof contained in this Award shall for any reason be held to be
          invalid, illegal, or unenforceable in any respect, the same shall not invalidate
          or otherwise affect any other provisions of this Award, and this Award shall be
          construed as if the invalid, illegal or unenforceable provision or portion
          thereof had never been contained herein. 

         11.       
          Entire Agreement. Subject to the terms and conditions of the Plan, this
          Award expresses the entire understanding and agreement of the parties with
          respect to the subject matter. This Award may be executed in two or more
          counterparts, each of which shall be deemed an original but all of which shall
          constitute one and the same instrument. 

         12.       
          Headings and Capitalized Terms. Paragraph headings used herein are for
          convenience of reference only and shall not be considered in construing this
          Award. Capitalized terms used, but not defined, in this Award shall be given the
          meaning ascribed to them in the Plan 

    13.       
Specific Performance. In the event of any actual or threatened default in, or
breach of, any of the terms, conditions and provisions of this Award, the party or parties
who are thereby aggrieved shall have the right to specific performance and injunction in
addition to any and all other rights and remedies at law or in equity, and all such rights
and remedies shall be cumulative. 

         14.       
          No Right to Continued Employment. Neither the establishment of the Plan
          nor the Restricted Stock Award made pursuant to this Award shall be construed as
          giving Employee the right to any continued service relationship with the Company
          or any affiliate of the Company. 

EXHIBIT A 

NOTICE OF WITHHOLDING
ELECTION
GEVITY HR, INC.
RESTRICTED STOCK AWARD 

TO:        Gevity
HR, Inc. 

FROM:_________________________________        SSN:________________________  

RE:       Withholding Election 

        This
election relates to the Restricted Stock Award identified in Paragraph 3 below. I hereby
certify that: 

         (1)       
          My correct name and social security number and my current address are set forth
          at the end of this document. 

         (2)       
          I am (check one, whichever is applicable). 

	 	[  ]	the
original recipient of the Restricted Stock Award. 

          	 	[ ] 	
               the legal representative of the estate of the original recipient of the
               Restricted Stock Award. 

               

          	 	[ ] 	
               a legatee of the original recipient of the Restricted Stock Award. 

               

          	 	[ ] 	
               the legal guardian of the original recipient of the Restricted Stock Award. 

               

         (3)       
          The Restricted Stock Award pursuant to which this election relates was issued
          under the Gevity HR, Inc. 2005 Equity Incentive Plan (the “Plan”) in
          the name of _________________ for a total of ______________ shares of Common
          Stock. This election relates to ______ shares of Common Stock to be delivered
          upon the vesting of a portion of the Restricted Shares, provided that the
          numbers set forth above shall be deemed changed as appropriate to reflect stock
          splits and other adjustments contemplated by the applicable Plan provisions. 

         (4)       
          I hereby elect to have certain of the Vested Shares withheld and returned to the
          Company, rather than delivered to me, for the purpose of having the value of
          such shares applied to pay minimum required federal, state and local, if any,
          tax withholding obligations arising from the vesting event. 

        The
fair market value of the Vested Shares to be withheld and returned to the Company shall be
equal to the minimum statutory tax withholding requirements under federal, state and local
law in connection with the vesting event, reduced by the amount of any cash or certified
check payment tendered by me to the Company in partial payment of such tax withholding
obligations. 

         (5)       
          I understand that this Withholding Election is made prior to the Vesting Date
          and is otherwise timely made pursuant to Section 1 of the Restricted Stock Award
          and Section 5.1 of the Plan. 

         (6)       
          I further understand that, if this Withholding Election is not disapproved by
          the Committee, the Company shall withhold from the Vested Shares a whole number
          of shares of Common Stock having the value specified in Paragraph 4 above. 

         (7)       
          The Plan has been made available to me by the Company, I have read and
          understand the Plan and the Restricted Stock Award and I have no reason to
          believe that any of the conditions therein to the making of this Withholding
          Election have not been met. Capitalized terms used in this Notice of Withholding
          Election without definition shall have the meanings given to them in the Plan. 

	
Dated:_______________________________________

Signature:____________________________________

_____________________________________________

Name (Printed)

_____________________________________________

Street Address

_____________________________________________

City, State, Zip Code

______________________________________________

Social Security Number 	 	 

SCHEDULE 1 

GEVITY HR, INC.
RESTRICTED STOCK AWARD 

Vesting Schedule  

	 	I. 	          The
Restricted Shares shall become vested in accordance with the following           Vesting
Schedule:

	
Years of Vesting Service 	  	Percentage of Restricted Shares
which are Vested Shares 

          	 	II. 	
               The Employee shall receive one Year of Vesting Service for each full consecutive
               one-year period during the period beginning _____________ and ending on the date
               the Employee experiences a Termination of Employment, regardless of the reason.
               Except as provided in Section III below, any portion of the Restricted Shares
               which are not vested at the time of Employee’s Termination of Employment
               shall be forfeited. 

               

          	 	III. 	
               Notwithstanding the provisions of Sections I or II above, in the event of the
               occurrence of any Change in Control following the Grant Date but prior to the
               Employee’s Termination of Employment, any previously unvested Restricted
               Shares shall become immediately vested.QuickLinks
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Exhibit 4.1  

 
 

TRANSMONTAIGNE SERVICES INC.
  LONG-TERM INCENTIVE PLAN    
    

        1.     Plan. The TransMontaigne Services Inc. Long-Term Incentive Plan (the "Plan") was adopted by
TransMontaigne Services Inc. (the "Company") to reward certain employees, consultants and directors of the Company and the Company's Affiliates who perform services for TransMontaigne Partners
L.P. (the "Partnership") or its Affiliates by enabling them to acquire Units of the Partnership and/or through the provision of cash payments. 

        2.     Objectives. This Plan is designed to enhance the ability of the Company and its Affiliates to attract and retain
employees, directors and consultants whose services are key to the growth and profitability of the Partnership and its Affiliates, to encourage the sense of proprietorship among such persons and to
stimulate the active interest of such persons in the development and financial success of the Partnership and its Affiliates. These objectives are to be accomplished by making Awards under this Plan
and thereby providing Participants with a proprietary interest in the growth and performance of the Partnership. 

        3.     Definitions. As used herein, the terms set forth below shall have the following respective meanings: 

        "Affiliate"
means, with respect to any Person, any other Person that directly or indirectly through one or more intermediaries controls, is controlled by or is under common control with,
the Person in question. As used herein, the term "control" means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether
through ownership of voting securities, by contract or otherwise. 

        "Award"
means the grant of any Option, Unit Appreciation Right, Restricted Unit or Phantom Unit, whether granted singly, in combination or in tandem, to a Participant pursuant to such
applicable
terms, conditions and limitations as the Committee may establish in order to fulfill the objectives of the Plan. 

        "Award
Agreement" means any written agreement between the Company and a Participant setting forth the terms, conditions and limitations applicable to an Award. 

        "Board"
means the Board of Directors of the General Partner. 

        "Code"
means the Internal Revenue Code of 1986, as amended from time to time. 

        "Committee"
means the Board, the Compensation Committee of the Board or such other committee of the Board as is designated by the Board to administer the Plan. 

        "Company"
means TransMontaigne Services Inc. 

        "Consultant"
means an individual, other than an Employee or a Non-Employee Director, providing bona fide services to the Partnership, the Company or any of their Affiliates
as a consultant or advisor, as applicable, provided that such individual is a natural person and that such services are not in connection with the offer or sale of securities in a capital-raising
transaction and do not directly or indirectly promote or maintain a market for any securities of the Partnership. 

        "Distribution
Equivalents" means a contingent right, granted in tandem with a specific Phantom Unit, to receive an amount in cash equal to the cash distributions made by the Partnership
with respect to a Unit during the Restriction Period applicable to the Phantom Unit. 

        "Employee"
means an employee of the General Partner, the Company, the Partnership or any of their Affiliates who performs services for the Company or for the Partnership and its
Affiliates. 

        "Fair
Market Value" means, as of any date and in respect of any Units, the closing sales price of a Unit on the applicable date (or, if there is no trading in the Units on such date, the
closing sales price 

 

on
the last date the Units were traded) as reported in The Wall Street Journal (or other reporting service approved by the Committee). In the event Units are not publicly traded at the time a
determination of Fair Market Value is required to be made hereunder, the determination of Fair Market Value shall be made in good faith by the Committee. 

        "General
Partner" means TransMontaigne GP L.L.C. 

        "Non-Employee
Director" means an individual, other than an Employee or Consultant, serving as a member of the Board of Directors of the General Partner or the Company. 

        "Option"
means a right to purchase a specified number of Units at a specified price. 

        "Participant"
means an Employee, Consultant or Non-Employee Director to whom an Award has been made under this Plan. 

        "Partnership"
means TransMontaigne Partners L.P. 

        "Person"
means an individual or a corporation, limited liability company, partnership, joint venture, trust, unincorporated organization, association, governmental agency or political
subdivision thereof or other entity. 

        "Phantom
Unit" means a phantom (notional) unit granted under the Plan which upon vesting entitles the Participant to receive a Unit or, subject to compliance with Section 17, an
amount of cash equal to the Fair Market Value of a Unit, whichever is determined by the Committee. 

        "Restricted
Unit" means any Unit that is subject to such restrictions or forfeiture provisions as are established by the Committee. 

        "Restriction
Period" means a period of time established by the Committee during which an Award remains subject to forfeiture or is not exercisable by the Participant. 

        "Unit"
means a common unit of the Partnership. 

        "Unit
Appreciation Right" means a right to receive a payment, in Units, cash or a combination thereof as determined by the Committee, equal to the excess of the Fair Market Value or
other specified valuation of a specified number of Units on the date the right is exercised over a specified strike price, in each case, as determined by the Committee. 

        4.     Participation. Individuals eligible to participate and receive Awards under the Plan are those Employees, Consultants and
Non-Employee Directors selected by the Committee in its discretion. 

        5.     Units Available for Awards. Subject to the provisions of paragraph 14 hereof, initially there shall be available
for Awards under this Plan, granted wholly or partly in Units (including rights or options that may be exercised for or settled in Units), 200,000 Units, which amount shall automatically increase on
January 1 of each calendar year by two percent of the total number of common and subordinated units of the Partnership outstanding at the end of the Partnership's preceding fiscal year. Any
Units delivered pursuant to an Award shall consist, in whole or in part, of Units acquired in the open market, from any Affiliate, the Company, the Partnership or any other Person, or any combination
of the foregoing, as determined by the Committee in its discretion. The number of Units that are the subject of Awards under this Plan, that are cancelled, forfeited, terminated or expire unexercised,
shall again immediately become available for Awards hereunder. The number of Units reserved for issuance under the Plan shall be reduced only to the extent that Units are actually issued in connection
with the exercise or settlement of an Award. The Committee may from time to time adopt and observe such procedures concerning the counting of Units against the Plan maximum as it may deem appropriate.
The Board and the appropriate officers of the General Partner shall from time to time take whatever actions are necessary to file any required documents with governmental 

2

 

authorities,
stock exchanges and transaction reporting systems to ensure that Units are available for issuance pursuant to Awards. 

        6.     Administration

        (a)   Authority of the Committee. Subject to the provisions hereof, the Committee shall have full and exclusive power and
authority to administer this Plan and to take all actions that are specifically contemplated hereby or are necessary or appropriate in connection with the administration hereof. The Committee shall
also have full and exclusive power to interpret this Plan and to adopt such rules, regulations and guidelines for carrying out this Plan as it may deem necessary or proper, all of which powers shall
be exercised in the best interests of the General Partner, the Company and the Partnership and in keeping with the objectives of this Plan. The Committee may, in its discretion,
provide for the extension of the exercisability of an Award, accelerate the vesting or exercisability of an Award, eliminate or make less restrictive any restrictions contained in an Award, waive any
restriction or other provision of this Plan or an Award or otherwise amend or modify an Award in any manner that is (i) not adverse to the Participant to whom such Award was granted,
(ii) consented to by such Participant or (iii) authorized by paragraph 14(c) hereof; provided, however, that no such action shall permit the term of any Option to be
greater than ten years from the applicable grant date. The Committee may correct any defect or supply any omission or reconcile any inconsistency in this Plan or in any Award in the manner and
to the extent the Committee deems necessary or desirable to further the Plan purposes. Any decision of the Committee in the interpretation and administration of this Plan shall lie within its sole and
absolute discretion and shall be final, conclusive and binding on all parties concerned. 

        (b)   Indemnity. No member of the Committee or officer of the General Partner to whom the Committee has delegated authority in
accordance with the provisions of paragraph 7 of this Plan shall be liable for anything done or omitted to be done by him or her, by any member of the Committee or by any officer of the General
Partner in connection with the performance of any duties under this Plan, except for his or her own willful misconduct or as expressly provided by statute. 

        7.     Delegation of Authority. The Committee may delegate to the Chief Executive Officer and to other senior officers of the
General Partner its duties under this Plan pursuant to such conditions or limitations as the Committee may establish; provided, however, that the Chief Executive Officer may not grant Awards to, or
take any action with respect to any Award previously granted to, himself, a person who is an officer subject to Rule 16b-3 of the Exchange Act, or a member of the Board. 

        8.     Awards. The Committee shall determine the type or types of Awards to be made under this Plan and shall designate from time
to time the Participants who are to be the recipients of such Awards. Each Award shall be embodied in an Award Agreement, which shall contain such terms, conditions and limitations as shall be
determined by the Committee in its sole discretion. Awards may consist of those listed in this paragraph 8 and may be granted singly, in combination or in tandem. Awards may also be made in
combination or in tandem with, in replacement of, or as alternatives to, grants or rights under this Plan or any other plan of the Partnership, the Company or any of their Affiliates, including the
plan of any acquired entity; provided that, except as contemplated in paragraph 14 hereof, no Option may be issued in exchange for the cancellation of an Option with a higher exercise price nor
may the exercise price of any Option be reduced. All or part of an Award may be subject to conditions established by the Committee, which may include, but are not limited to, continuous service with
the Partnership, the Company and/or their Affiliates, achievement of specific business objectives, increases in specified indices, attainment of specified growth rates and other comparable
measurements of performance. Upon the termination of employment by a Participant who is an Employee or upon the termination of service by a Participant who is a Consultant or a 

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Non-Employee
Director, any unexercised, deferred, unvested or unpaid Awards shall be treated as set forth in the applicable Award Agreement. 

        (a)   Options. An Award may be in the form of an Option. The price at which Units may be purchased upon the exercise of an
Option shall be not less than the Fair Market Value of the Units on the date of grant. The term of an Option shall not exceed ten years from the date of grant. Subject to the foregoing
provisions, the terms, conditions and limitations applicable to any Options awarded pursuant to this Plan, including the term of any Options and the date or dates upon which they become exercisable,
shall be determined by the Committee. 

        (b)   Unit Appreciation Rights. An Award may be in the form of a Unit Appreciation Right. The strike price for a Unit
Appreciation Right shall not be less than the Fair Market Value of the Units on the date on which the Unit Appreciation Right is granted. The term of a Unit Appreciation Right shall not exceed
ten years from the date of grant. Subject to the foregoing limitations, the terms, conditions and limitations applicable to any Unit Appreciation Rights awarded pursuant to this Plan, including
the term of any Unit Appreciation Rights and the date or dates upon which they become exercisable, shall be determined by the Committee. 

        (c)   Restricted Units. An Award may be in the form of a Restricted Unit. The Committee shall have the authority to determine
the number of Restricted Units to be granted to a Participant, the Restriction Period, the conditions under which the Restricted Units may become vested or forfeited, which may include, without
limitation, accelerated vesting upon the achievement of specified performance objectives, and such other terms and conditions as the Committee may establish with respect to such Awards, including
whether cash distributions with respect to such Restricted Units are subject to forfeiture restrictions. 

        (d)   Phantom Units. An Award may be in the form of Phantom Units. The Committee shall have the authority to determine the
number of Phantom Units to be granted to a Participant, the Restriction Period, the conditions under which the Phantom Units may become vested or forfeited, which may include, without limitation,
accelerated vesting upon the achievement of specified performance objectives, and such other terms and conditions as the Committee may establish with respect to such Awards, including whether
Distribution Equivalents are granted with respect to such Phantom Units. 

        9.     Award Payment and Distributions. 

        (a)   General. Payment of Awards may be made in the form of cash or Units, or a combination thereof, and may include such
restrictions as the Committee shall determine, including, in the case of Units, restrictions on transfer and forfeiture provisions. Notwithstanding anything in the Plan or any Award Agreement to the
contrary, delivery of Units pursuant to the exercise or vesting of an Award may be deferred for any period during which, in the good faith determination of the Committee, the Company or the General
Partner, as applicable, is not reasonably able to obtain Units to deliver pursuant to such Award without violating the rules or regulations of any applicable law or securities exchange. If payment of
an Award is made in the form of Restricted Units, the applicable Award Agreement relating to such Units shall specify whether certificates evidencing such Units are to be issued at the beginning or
end of the Restriction Period. In the event that certificates are to be issued at the beginning of the Restriction Period, the certificates evidencing such Units (to the extent that such Units are so
evidenced) shall contain appropriate legends and restrictions that describe the terms and conditions of the restrictions applicable thereto. In the event that Units are to be issued at the end of the
Restriction Period, the right to receive such Units shall be evidenced by book entry registration or in such other manner as the Committee may determine. 

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        (b)   Deferral. With the approval of the Committee, amounts payable in respect of Awards may be deferred and paid either in the
form of installments or as a lump-sum payment; provided, however, that if deferral is permitted, each provision of the Award shall be interpreted to permit the deferral only as allowed in
compliance with the requirements of Section 409A of the Code and any provision that would conflict with such requirements shall not be valid or enforceable. The Committee intends that any
Awards under the Plan satisfy the requirements of Section 409A of the Code to avoid imposition of applicable taxes thereunder. The Committee may permit selected Participants to elect to defer
payments of some or all types of Awards in accordance with procedures established by the Committee. Any deferred payment of an Award, whether elected by the Participant or specified by the Award
Agreement or by the Committee, may be forfeited if and to the extent that the Award Agreement so provides. 

        (c)   Distributions and Interest. Rights to Distribution Equivalents or other distributions may be extended to and made part of
any Award consisting of or denominated in Units, subject to such terms, conditions and restrictions as the Committee may establish. The Committee may also establish rules and procedures for the
crediting of interest on deferred cash payments and Distribution Equivalents for Awards consisting of or denominated in Units. 

        (d)   Consideration. Awards may be granted for such consideration as the Committee determines, including, without limitation,
service or such minimal cash consideration as may by required by applicable law. 

        10.   Option Exercise. The price at which Units may be purchased under an Option shall be paid in full at the time of exercise
in cash or, if elected by the Participant and approved by the Committee, the Participant may purchase such Units by means of tendering Units already owned or surrendering another Award, including
Restricted Units, valued at Fair Market Value on the date of exercise, or any combination thereof. The Committee shall determine acceptable conditions and methods for Participants to tender Units or
other Awards. The Committee may provide for procedures to permit the exercise or purchase of such Awards by use of the proceeds to be received from the sale of Units issuable pursuant to an Award.
Unless otherwise provided in the applicable Award Agreement, in the event Restricted Units are tendered as consideration for the exercise of an Option, a number of the Units issued upon the exercise
of the Option equal to the number of Restricted Units used as consideration therefor shall be subject to the same restrictions as the Restricted Units so submitted as well as any additional
restrictions that may be imposed by the Committee. 

        11.   Taxes. The Company shall have the right to deduct applicable taxes from any Award payment and withhold, at the time of
delivery or vesting of cash or Units under this Plan, an appropriate amount of cash or number of Units or a combination thereof for payment of taxes required by law or to take such other action as may
be necessary in the opinion of the Company to satisfy all obligations for withholding of such taxes. The Committee may also permit withholding to be satisfied by the transfer to the Company, the
General Partner or any Affiliate of Units theretofore owned by the holder of the Award with respect to which withholding is required. If Units are used to satisfy tax withholding, such Units shall be
valued based on the Fair Market Value when the tax withholding is required to be made. 

        12.   Amendment, Modification, Suspension or Termination. Except as required by applicable law or the rules of the principal
securities exchange on which the Units are traded, the Board of Directors of the Company may, subject to ratification by the Board, amend, modify, suspend or terminate this Plan for the purpose of
meeting or addressing any changes in legal requirements or for any other purpose permitted by law including increasing the number of Units available for Awards under the Plan without the consent of
any partner, Participant, other holder or beneficiary of an Award or other Person; provided, however, that no amendment or alteration that would adversely affect the rights of any 

5

 

Participant
under any Award previously granted to such Participant shall be made without the consent of such Participant. 

        The
Committee may waive any conditions or rights under, amend any terms of, or alter any Award theretofore granted, provided no change in any Award shall materially reduce the benefit to
a Participant without the consent of such Participant. 

        13.   Assignability. Unless otherwise determined by the Committee in the Award Agreement, no Award or any other benefit under
this Plan shall be assignable or otherwise transferable. Any attempted assignment of an Award or any other benefit under this Plan in violation of this paragraph 13 shall be null and void. 

        14.   Adjustments. 

        (a)   The
existence of outstanding Awards shall not affect in any manner the right or power of the General Partner to make or authorize any or all distributions, adjustments,
recapitalizations, reorganizations or other changes in the Units or other interests in the Partnership or its business or any merger or consolidation of the Partnership, or any issue of bonds or
debentures or the dissolution or liquidation of the Partnership, or any sale or transfer of all or any part of its assets or business, or any other act or proceeding of any kind, whether or not of a
character similar to that of the acts or proceedings enumerated above. 

        (b)   If
the Committee determines that any distribution (whether in the form of cash, Units, other securities, or other property), re-capitalization, split,
reverse split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Units or other securities of the Partnership, issuance of
warrants or other rights to purchase Units or other securities of the Partnership, or other similar transaction or event affects the Units such that an adjustment is determined by the Committee to be
appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan, then the Committee shall, in such manner as it may deem
equitable, adjust any or all of: 

        (i)    the
number and type of Units (or other securities or property) with respect to which Awards may be granted; 

        (ii)   the
number and type of Units (or other securities or property) subject to outstanding Awards; and 

        (iii)  if
deemed appropriate, make provision for a cash payment to the holder of an outstanding Award; provided, that the number of Units subject to any Award will always be
a whole number. 

        (c)   The
Committee is hereby authorized to make adjustments in the terms and conditions of, and the criteria included in, Awards in recognition of unusual or nonrecurring
events (including, without limitation, the events described in Section 14(b) of the Plan) affecting the Partnership or the financial statements of the Partnership, or of changes in applicable
laws, regulations, or accounting principles, whenever the Committee determines that such adjustments are appropriate in order to prevent dilution or enlargement of the benefits or potential benefits
intended to be made available under the Plan. 

        15.   Restrictions. No Units or other form of payment shall be issued with respect to any Award unless the Company shall be
satisfied based on the advice of its counsel that such issuance will be in compliance with applicable federal and state securities laws. Certificates evidencing Units delivered under this Plan (to the
extent that Units are so evidenced) may be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the rules, regulations and other requirements of the
Securities and Exchange Commission, any securities exchange or transaction reporting system upon which the Units are then listed or to which it is admitted for quotation and any 

6

 

applicable
federal or state securities law. The Committee may cause a legend or legends to be placed upon such certificates (if any) to make appropriate reference to such restrictions. 

        16.   Unfunded Plan. Insofar as it provides for Awards of cash, Units or rights thereto, this Plan shall be unfunded. Although
bookkeeping accounts may be established with respect to Participants who are entitled to cash, Units or rights thereto under this Plan, any such accounts shall be used merely as a bookkeeping
convenience. The Company shall not be required to segregate any assets that may at any time be represented by cash, Units or rights thereto, nor shall this Plan be construed as providing for such
segregation, nor shall the Company, the Board or the Committee be deemed to be a trustee of any cash, Units or rights thereto to be granted under this Plan. Any liability or obligation of the Company
to any Participant with respect to an Award of cash, Units or rights thereto under this Plan shall be based solely upon any contractual obligations that may be created by this Plan and any Award
Agreement, and no such liability or obligation of the Company shall be deemed to be secured by any pledge or other encumbrance on any property of the Company. Neither the Company nor the Board nor the
Committee shall be required to give any security or bond for the performance of any obligation that may be created by this Plan. 

        17.   Code Section 409A. Notwithstanding anything in this Plan to the contrary, if any Plan provision or Award under the
Plan would result in the imposition of an applicable tax under Code Section 409A and related regulations and Treasury pronouncements ("Section 409A"), that Plan provision or Award will
be reformed to avoid imposition of the applicable tax and no action taken to comply with Section 409A shall be deemed to adversely affect the Participant's rights to an Award or to require the
Participant's consent. 

        18.   Severability. If any provision of the Plan or any Award is or becomes or is deemed to be invalid, illegal, or
unenforceable in any jurisdiction or as to any Person or Award, or would disqualify the Plan or any Award under any law deemed applicable by the Committee, such provision shall be construed or deemed
amended to conform to the applicable laws, or if it cannot be construed or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan or the Award, such
provision shall be stricken as to such jurisdiction, Person or Award and the remainder of the Plan and any such Award shall remain in full force and effect. 

        19.   No Fractional Units. No fractional Units shall be issued or delivered pursuant to the Plan or any Award, and the
Committee shall determine whether cash, other securities, or other property shall be paid or transferred in lieu of any fractional Units or whether such fractional Units or any rights thereto shall be
canceled, terminated, or otherwise eliminated. 

        20.   Facility Payment. Any amounts payable hereunder to any person under legal disability or who, in the judgment of the
Committee, is unable to properly manage his financial affairs, may be paid to the legal representative of such person, or may be applied for the benefit of such person in any manner which the
Committee may select, and the Company shall be relieved of any further liability for payment of such amounts. 

        21.   Governing Law. This Plan and all determinations made and actions taken pursuant hereto, to the extent not otherwise
governed by mandatory provisions of the Code or the securities laws of the United States, shall be governed by and construed in accordance with the laws of the State of Colorado without giving effect
to any choice or conflict of law provision or rule (whether of such state or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than such state. 

        22.   Effectiveness. This Plan shall be effective on the date it is ratified by the Board following its adoption by the Board
of Directors of the Company, and shall continue until the first to occur of the date the Plan is terminated, the date Units are no longer available for grants of Awards under the Plan, or the date
that is ten years after the initial adoption of the Plan. 

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        IN
WITNESS WHEREOF, TransMontaigne Services Inc. has caused this Plan to be executed by its duly authorized officer, effective as provided herein. 

	

 	
 	

 	
 	

TRANSMONTAIGNE SERVICES INC.
	

 	
 	

 	
 	

By:	
 	

	 	 	 	 	Title:	 	 
	 	 	 	 	Date:	 	 
	

ATTEST:	
 	

 	
 	

 	
 	

 
	 	 	
	 	 	 	 
	DATE:	 	 	 	 	 	 
	 	 	
	 	 	 	 

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TRANSMONTAIGNE SERVICES INC. LONG-TERM INCENTIVE PLAN

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