Document:

EX-10.2

 EXHIBIT 10.2 
  

 
 February 3, 2014 

[First Name] [Last Name] 
 Dear [First Name]: 

Bristow Group Inc. (the “Company”) hereby awards to you effective as of February 3, 2014 (the “Award Date”)
[            ] Restricted Stock Units in accordance with the Bristow Group Inc. 2007 Long Term Incentive Plan (as amended and restated to date, the “Plan”). For the avoidance of
doubt, the changes to the vesting of awards under the Plan that were adopted by the Compensation Committee of the Company’s Board of Directors on November 4, 2013 shall not apply to the Restricted Stock Unit Award contemplated hereunder.
Each Restricted Stock Unit represents the opportunity for you to receive one share of common stock of the Company, par value $.01 (“Common Stock”), upon satisfaction of the continued service and other requirements set forth in this letter.

 Your Restricted Stock Unit Award is more fully described in the attached Appendix A, Terms and Conditions of Employee Restricted Stock Unit Award (which
Appendix A, together with this letter, is the “Award Letter”). Any capitalized term used and not defined in this Award Letter has the meaning set forth in the Plan. In the event there is an inconsistency between the terms of the Plan and
this Award Letter, the terms of the Plan control. 
 Unless otherwise provided in the attached Appendix A, the restrictions on your Restricted Stock Units
will lapse and you will receive the equivalent number of shares of Common Stock on the third anniversary of the Award Date, provided that you have been continuously employed by the Company from the Award Date through the date of vesting and the
lapse of restrictions (the “Vesting Date”). Except as expressly provided in Appendix A, all Restricted Stock Units as to which the restrictions thereon have not previously lapsed and which remain unvested will automatically be forfeited
upon your termination of employment for any reason prior to the Vesting Date. In the event that the Vesting Date is a Saturday, Sunday or holiday, such Restricted Stock Units will instead vest on the first business day immediately following the
Vesting Date. 
 Note that in most circumstances, the aggregate Fair Market Value of the Common Stock to be issued in settlement of the Restricted Stock
Units that vest on the Vesting Date will be taxable income to you. You should closely review Appendix A and the Plan Prospectus for important details about the tax treatment of your Restricted Stock Unit Award. Your Restricted Stock Unit Award is
subject to the terms and conditions set forth in the enclosed Plan, this Award Letter, the Prospectus for the Plan, and any rules and regulations adopted by the Compensation Committee of the Company’s Board of Directors. 

If you agree to the terms and conditions of this award of Restricted Stock Units, please sign the Acknowledgment and Acceptance statement on the following
page and return an original signed copy to the Company within 30 days of the Award Date. 
 Bristow Group Inc. 

2103 City West Blvd., 4th Floor, Houston, Texas 77042, United States 

t (713) 267 7600     f (713) 267 7620     www.bristowgroup.com 

 

 
  

 This Award Letter, the Plan and any other attachments hereto should be retained in your files for future
reference. 
 Very truly yours, 
  
 

 
 Hilary S. Ware 
 Sr. Vice
President Administration 
 Enclosures 

 

 
  

 Acknowledgement and Acceptance 

I, the undersigned, acknowledge that certain terms of this Restricted Stock Unit Award may supersede the terms of another agreement between me and the Company
or a Company policy otherwise applicable to me, and I hereby accept this Restricted Stock Unit Award subject to the terms, provisions and conditions of the Plan, the Award Letter, the administrative interpretations thereof and the determinations of
the Committee. 
  

							
	Date: February 3, 2014	 	Signature:	 		 	 

 

 
  

 Appendix A 

Terms and Conditions of 

Employee Restricted Stock Unit Award 

February 3, 2014 
 The Restricted
Stock Unit Award by Bristow Group Inc. (the “Company”) made to you effective as of the Award Date provides for the opportunity for you to receive, if certain conditions are met, shares of the common stock of the Company, par value $.01
(“Common Stock”), subject to the terms and conditions set forth in the Bristow Group Inc. 2007 Long Term Incentive Plan (as amended and restated to date, the “Plan”), any rules and regulations adopted by the Compensation
Committee of the Company’s Board of Directors (the “Committee”), this Award Letter and the Prospectus for the Plan. For the avoidance of doubt, the changes to the vesting of awards under the Plan that were adopted by the Committee on
November 4, 2013 shall not apply to the Restricted Stock Unit Award contemplated hereunder. Any capitalized term used and not defined in this Award Letter has the meaning set forth in the Plan. In the event there is an inconsistency between the
terms of the Plan and this Award Letter, the terms of the Plan control. 
 1. Lapse of Risk of Forfeiture and Vesting 

Except as otherwise provided in Sections 4 and 5 of this Appendix, the Restricted Stock Units granted pursuant to your Award Letter will no longer be subject
to forfeiture on the third anniversary of the Award Date (the “Vesting Date”), and, provided that you have continued to be employed by the Company from the Award Date through the Vesting Date, an equal number of Shares of Common Stock will
be transferred to you as soon as reasonably practicable after the Vesting Date but no later than 30 days after the Vesting Date. 
 2. Restrictions on
Restricted Stock Units 
 Until and unless your Restricted Stock Units become vested, you do not own any of the Common Stock potentially subject to the
Restricted Stock Units awarded to you in this Award Letter and you may not attempt to sell, transfer, assign or pledge the Restricted Stock Units or the Common Stock that may be awarded hereunder. Immediately upon any attempt to transfer such
rights, your Restricted Stock Units, and all of the rights related thereto, will be forfeited by you and cancelled by the Company. 
 The Restricted Stock
Units awarded hereunder shall be accounted for by the Company on your behalf on a ledger. Promptly after your Restricted Stock Units have vested in accordance with the terms hereof, the total number of Shares of Common Stock you have earned will be
delivered in street name to your brokerage account (or, in the event of your death, to a brokerage account in the name of your beneficiary in accordance with the Plan) or, at the Company’s option, a certificate for such Shares will be delivered
to you (or, in the event of your death, to your beneficiary in accordance with the Plan). 
 3. Dividends and Voting 

The Restricted Stock Units granted herein do not give you any rights as a stockholder of the Company including, but not limited to, voting and dividend rights.

 4. Termination of Employment; Disability 
 (a)
Forfeiture and Vesting. Except as provided in this Section 4 and Section 5, if your employment is terminated prior to the Vesting Date, your unvested Restricted Stock Units shall be immediately forfeited. 

(b) Death or Disability. If your employment is terminated by reason of death prior to the Vesting Date or if you incur a Disability prior to the Vesting
Date, your Restricted Stock Units will be immediately vested in full. For purposes of this Appendix, “Disability” shall have the meaning given that term by the group disability insurance, if any, maintained by the Company for its employees
or otherwise shall mean your complete inability, with or without a reasonable accommodation, to perform your duties with the Company on a full-time basis as a result of physical or mental illness or personal injury you have incurred

 

 
  

 
for more than 12 weeks in any 52 week period, whether consecutive or not, as determined by an independent physician selected with your approval and the approval of the Company, and further,
“Disability” must meet the requirements of Treasury Regulation Section 1.409A-3(i)(4). Any Restricted Stock Units that vest pursuant to this Section 4(b) shall be settled in accordance with Section 2 on the date that is 60
days after your death or Disability, as applicable. 
 (c) Other Termination of Employment. If your employment terminates prior to the Vesting Date
for any reason other than those provided in Section 4(b) above, your unvested Restricted Stock Units upon your termination of employment will be forfeited regardless of any provision to the contrary in any Company policy or employment or other
agreement between you and the Company as of the date hereof. 
 (d) Adjustments by the Committee. The Committee may, in its sole discretion, exercised
before or after your termination of employment, accelerate the vesting of all or any portion of your Restricted Stock Units. 
 (e) Committee
Determinations. The Committee shall have absolute discretion to determine the date and circumstances of the termination of your employment, and its determination shall be final, conclusive and binding upon you. 

5. Change in Control 
 Acceleration of Lapse of
Restrictions. All of your Restricted Stock Units will be immediately vested in full upon a Change in Control of the Company prior to your termination of employment. A Change in Control of the Company shall be deemed to have occurred as of the
first day any one or more of the following conditions shall have been satisfied: 
 (a) The acquisition by any individual, entity or group (within the
meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of Shares representing 35% or more of the combined voting power of
the then outstanding voting securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that for purposes of this clause (a), the following
acquisitions shall not constitute a Change in Control: (i) any acquisition directly from the Company, (ii) any acquisition by the Company, (iii) any acquisition by any employee benefit plan (or related trust) sponsored or maintained
by the Company or any corporation or other entity controlled by the Company, or (iv) any acquisition by any corporation or other entity pursuant to a transaction which complies with subclauses (i), (ii) and (iii) of clause
(c) below; or 
 (b) Individuals who, as of the Effective Date of the Plan, are members of the Board of Directors of the Company (the “Incumbent
Board”) cease for any reason to constitute at least a majority of the Board of Directors of the Company; provided, however, that for purposes of this clause (b), any individual becoming a director subsequent to the date hereof whose election,
or nomination for election by the Company’s stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board, shall be considered as though such individual were a member of the Incumbent Board,
but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of
proxies or consents by or on behalf of a Person other than the Board of Directors of the Company; or 
 (c) Consummation of a reorganization, merger,
conversion or consolidation or sale or other disposition of all or substantially all of the assets of the Company (a “Business Combination”), in each case, unless, following such Business Combination, (i) all or substantially all of
the individuals and entities who were the beneficial owners, respectively, of the Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of the then outstanding
combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors of the corporation or other entity resulting from such Business Combination (including, without limitation, a corporation or
other entity which as a result of such transaction owns the Company or all or substantially all of the Company’s assets either directly or through one or more 

 

 
  

 
subsidiaries) in substantially the same proportions as their ownership, immediately prior to such Business Combination, of the Outstanding Company Voting Securities, (ii) no Person
(excluding any corporation or other entity resulting from such Business Combination or any employee benefit plan (or related trust) of the Company or such corporation or other entity resulting from such Business Combination) beneficially owns,
directly or indirectly, 35% or more of the combined voting power of the then outstanding voting securities of the corporation or other entity resulting from such Business Combination except to the extent that such ownership existed prior to the
Business Combination, and (iii) at least a majority of the members of the board of directors of the corporation or other entity resulting from such Business Combination were members of the Incumbent Board at the time of the execution of the
initial agreement, or of the action of the Board of Directors of the Company, providing for such Business Combination; or 
 (d) Approval by the stockholders
of the Company of a complete liquidation or dissolution of the Company other than in connection with the transfer of all or substantially all of the assets of the Company to an affiliate or a Subsidiary of the Company. 

Any Restricted Stock Units that vest pursuant to this Section 5 shall be settled in accordance with Section 2 as soon as practicable but in no event
more than 2  1⁄2 months after the end of the calendar year in which the Change in Control occurred. 

6. Tax Consequences and Income Tax Withholding 
 You
should review the Plan Prospectus for a general summary of the federal income tax consequences of your receipt of Restricted Stock Units based on currently applicable provisions of the Code and related regulations. The summary does not discuss state
and local tax laws or the laws of any other jurisdiction, which may differ from U.S. federal tax laws. Neither the Company nor the Committee guarantees the tax consequences of your Award. You are advised to consult your own tax advisor regarding the
application of tax laws to your particular situation. 
 This Award Letter is subject to your satisfaction of applicable withholding requirements. Unless
the Committee in its sole discretion determines otherwise, to satisfy any applicable federal, state or local withholding tax liability arising from the grant or vesting of your Restricted Stock Units, the Company will retain a certain number of
Shares of Common Stock having a value equal to the amount of your minimum statutory withholding obligation from the Shares otherwise deliverable to you upon the vesting of your Restricted Stock Units. 

In addition, you must make arrangements satisfactory to the Committee to satisfy any applicable withholding tax liability imposed under the laws of any other
jurisdiction arising from your Incentive Award hereunder. You may not elect to have the Company withhold Shares having a value in excess of the minimum withholding tax liability under local law. If you fail to satisfy such withholding obligation in
a time and manner satisfactory to the Committee, no Shares will be issued to you or the Company shall have the right to withhold the required amount from your salary or other amounts payable to you prior to the delivery of the Common Stock to you.

 7. Restrictions on Resale 
 Other than the
restrictions referenced in Section 2, there are no restrictions imposed by the Plan on the resale of Common Stock acquired under the Plan. However, under the provisions of the Securities Act of 1933 (the “Securities Act”) and the
rules and regulations of the Securities and Exchange Commission (the “SEC”), resales of Shares acquired under the Plan by certain officers and directors of the Company who may be deemed to be “affiliates” of the Company must be
made pursuant to an appropriate effective registration statement filed with the SEC, pursuant to the provisions of Rule 144 issued under the Securities Act, or pursuant to another exemption from registration provided in the Securities Act. At the
present time, the Company does not have a currently effective registration statement pursuant to which such resales may be made by affiliates. There are no restrictions imposed by the SEC on the resale of Shares acquired under the Plan by persons
who are not affiliates of the Company; provided, however, that all employees and the grant of Restricted Stock Units and any Common Stock deliverable hereunder are subject to the Company’s policies against insider trading (including black-out
periods during which no sales are permitted), and to other restrictions on resale that may be imposed by the Company from time to time if it determines said restrictions are necessary or advisable to comply with applicable law. 

 

 
  

 8. Effect on Other Benefits 

Income recognized by you as a result of your Restricted Stock Unit Award will not be included in the formula for calculating benefits under any of the
Company’s retirement and disability plans or any other benefit plans. 
 9. Compliance with Laws 

This Award Letter and the Restricted Stock Units and any Common Stock deliverable hereunder shall be subject to all applicable federal and state laws and the
rules of the exchange on which Shares of the Company’s Common Stock are traded. The Plan and this Award Letter shall be interpreted, construed and constructed in accordance with the laws of the State of Delaware and without regard to its
conflicts of law provisions, except as may be superseded by applicable laws of the United States. 
 10. Miscellaneous 

(a) Not an Agreement for Continued Employment or Services. This Award Letter shall not, and no provision of this Award Letter shall be construed or
interpreted to, create any right to be employed by or to provide services to or to continue your employment with or to continue providing services to the Company or the Company’s affiliates, Parent or Subsidiaries or their affiliates. 

(b) Community Property. Each spouse individually is bound by, and such spouse’s interest, if any, in the grant of Restricted Stock Units or in any
Shares of Common Stock is subject to, the terms of this Award Letter. Nothing in this Award Letter shall create a community property interest where none otherwise exists. 

(c) Amendment for Code Section 409A. This Incentive Award is intended to be exempt from or compliant with Code Section 409A. If the Committee
determines that this Incentive Award may be subject to additional tax under Code Section 409A, the Committee may, in its sole discretion, amend the terms and conditions of this Award Letter to the extent necessary to comply with Code
Section 409A. Notwithstanding the foregoing, the Company shall not be required to assume any economic burden in connection therewith. To the extent required to comply with Code Section 409A, you shall be considered to have terminated
employment with the Company when you incur a “separation from service” with the Company within the meaning of Code Section 409A(a)(2)(A)(i). 

If you have any questions regarding your Restricted Stock Unit Award or would like to obtain additional information about the Plan, please contact the
Company’s General Counsel, Bristow Group Inc., 2103 City West Blvd., 4th Floor, Houston, Texas 77042 (telephone (713) 267 - 7600). Your Award
Letter and all attachments should be retained in your files for future reference. 
 This Award Letter has been executed and delivered as of the Award Date.EX-10.7.1

 Exhibit 10.7.1 

AMENDMENT AND CONSENT LETTER N°10 

This amendment and consent letter n°10 (the “Letter”) is made on 3 February 2014 

 

			
	 From:
	  	GE FACTOFRANCE S.A.S., a company incorporated under the laws of France as a société par actions simplifiée and licensed as a credit institution (établissement de crédit),
whose registered office is located at Tour Facto, 18, rue Hoche, 92988 Paris-La Défense Cedex, France, registered with the Trade and Companies Registry of Nanterre under number 063 802 466, as Factor (as defined in the
Agreement),
		
	 To:
	  	 –       CONSTELLIUM SWITZERLAND AG, a company
incorporated under the laws of Switzerland with a share capital of CHF 600,000.00, whose registered office is located at Max Högger-Strasse 6 8048 Zürich, Switzerland, registered with the Commercial Registry of Zürich under number
CH17030058406, as Sellers’ Agent (as defined in the Agreement);
  

–       CONSTELLIUM HOLDCO II B.V., as Parent Company (as defined in
the Agreement);
  

–       CONSTELLIUM FRANCE S.A.S., CONSTELLIUM EXTRUSIONS FRANCE S.A.S.
and CONSTELLIUM AVIATUBE S.A.S., as French Sellers (as defined in the Agreement)

 Dear Sirs, 
 Reference is made
to: 
  

	(i)	a factoring agreement dated 4 January 2011 (as amended on 14 December 2011, 21 December 2011, 25 May 2012, 25 June 2012, 18 December 2012, 14 June 2013, 19 June 2013,
8 November 2013 and 6 December 2013) and entered into between the Sellers’ Agent, the Parent Company, the French Sellers and the Factor (the “Agreement”). Terms used with a capital letter and not defined in this
Confidentiality Agreement shall have the same meaning as in the Agreement; 

  

	(ii)	a phone call made on 21 January 2014 by the Parent Company to the Factor requesting the Factor to consent to amend clause 11.2.1(c)(vi) of the Agreement (Change of Control). 

The Factor hereby acknowledges and agrees that, with effect from the date hereof, the provisions of clause 11.2.1(c)(vi) of the Agreement (Change of
Control) shall be deleted in their entirety and replaced by the following wording: 
 “a change of control, as defined in sub-paragraph
(b) below (“Change of Control”), occurs with respect to any French Seller or the Parent Company. 
  

	(a)	For the avoidance of doubt, it is specified that the following events do not constitute a Change of Control: 

  

	 	(x)	 Apollo ceases to own (whether directly or indirectly through any natural person or legal entity) (i) at least thirty five per cent (35%) of
the issued share capital of Constellium N.V., the Parent Company or of any French Seller; (ii) the issued share capital having the right to cast at least thirty five per cent (35%) of the votes capable of being cast in general meetings of
Constellium N.V., the Parent Company or of any French Seller; or (iii) the right to determine the composition of the majority of the 

 
board of directors or equivalent body of Constellium N.V. or the Parent Company or to designate the Président of any French Seller (as the case may be); or 

 

	 	(y)	subject to clause 11.2.1(c)(vi)(b)(z) below, any person or group of persons acting in concert acquires (whether directly or indirectly through any natural person or legal entity) shares in Constellium N.V., the Parent
Company or any French Seller that are quoted and traded on the New York Stock Exchange and/or Paris Stock Exchange. 

  

	(b)	The following events do constitute a Change of Control: 

  

	 	(x)	any person or group of persons acting in concert (other than Apollo, any member of the Group or, for the avoidance of doubt, an underwriter or other financial intermediary duly regulated in the United States or the
European Union) acquires (as of 3 February 2014) (whether directly or indirectly through any natural person or legal entity) off the counter (de gré à gré) directly from Apollo (i.e., for the avoidance of doubt, not
from an underwriter or other financial intermediary duly regulated in the United States or European Union) (i) more than ten per cent (10%) of the issued share capital of Constellium N.V., the Parent Company or of any French Seller,
(ii) the issued share capital having the right to cast at least ten per cent (10%) of the votes capable of being cast in general meetings of Constellium N.V., the Parent Company or of any French Seller; or (iii) the right to determine
the composition of the majority of the board of directors or equivalent body of Constellium N.V. or the Parent Company or to designate the Président of any French Seller (as the case may be); 

 

	 	(y)	any person or group of persons acting in concert (other than Apollo, any member of the Group or, for the avoidance of doubt, an underwriter or other financial intermediary duly regulated in the United States or the
European Union) becomes a new shareholder (as of 3 February 2014) of Constellium N.V., the Parent Company or of any French Seller and owns (whether directly or indirectly through any natural person or legal entity) (i) more than ten per
cent (10%) of the issued share capital of Constellium N.V., the Parent Company or of any French Seller, (ii) the issued share capital having the right to cast at least ten per cent (10%) of the votes capable of being cast in general
meetings of Constellium N.V., the Parent Company or of any French Seller; or (iii) the right to determine the composition of the majority of the board of directors or equivalent body of Constellium N.V. or the Parent Company or to designate the
Président of any French Seller (as the case may be); in each case, when the shares in such companies owned by such person are quoted and traded with the consent of Constellium N.V. on a stock exchange other than the New York Stock
Exchange and/or Paris Stock Exchange; or 

  

	 	(z)	any person or group of persons acting in concert (other than Apollo, Rio Tinto, the FSI, any member of the Group or, for the avoidance of doubt, an underwriter or other financial intermediary duly regulated in the
United States or the European Union) acquires (as of 3 February 2014) (whether directly or indirectly through any natural person or legal entity) (i) more than thirty percent (30%) (or any other threshold percentage from time to time
under applicable public offering regulations for the initiation of mandatory takeovers) of the issued share capital of Constellium N.V., the Parent Company, or of any French Seller, or (ii) the issued share capital having the right to cast at
least thirty per cent (30%) (or any other threshold percentage from time to time under applicable public offering regulations for the initiation of mandatory takeovers) of the votes capable of being cast in general meetings of Constellium N.V.,
the Parent Company or of any French Seller, 

 and, in each case, such person or group of persons is not approved by the
Factor (such approval to be given pursuant to its internal compliance policies and in any case not to be unreasonably withheld or delayed, provided that the Factor has been informed of the Change of Control within a reasonable timeframe prior to its
occurrence to the extent Constellium 

  
 2 

 
N.V., the Parent Company, or any French Seller has prior knowledge of such Change of Control). 
 The
consent of the Factor described above shall take effect on the date this Letter is countersigned by the Sellers’ Agent, the Parent Company and the French Sellers, notwithstanding any provision to the contrary in the Agreement. In this respect,
each of the Sellers’ Agent, the Parent Company and the French Sellers (each only for itself) represents and warrants to the Factor that it has full power and authority to countersign this Letter, and it has taken all action necessary to
authorise the execution, delivery and performance by it of this Letter. 
 In consideration for the consent of the Factor described above, the Sellers’
Agent shall pay to the Factor a fee of 55,000 (fifty five thousand) Euros (excluding VAT). 
 For avoidance of doubt, this Letter shall not be construed as
a novation (novation) of the Agreement and, save as amended by this Letter for the purposes of clause 11.2.1(c)(vi) of the Agreement (Change of Control), the provisions of the Agreement shall continue in full force and effect. 

[Signature Page Follows] 

  
 3 

 This Letter shall constitute a Financing Facility Document for the purpose of the Agreement. 

This Letter shall be governed by and construed in accordance with French law and shall be submitted to the jurisdiction of the commercial court of Paris
(tribunal de commerce de Paris). 
 Signed on 3 February 2014, in six (6) originals. 

 

			
	 /s/ Bruno Boissier
	 	
	GE FACTOFRANCE SAS	 	

 Acknowledged and agreed: 
  

			
	 /s/ Mark Kirkland
	    	 /s/ Mark Kirkland

	CONSTELLIUM FRANCE	    	CONSTELLIUM AVIATUBE
		
	 /s/ Mark Kirkland
	    	 /s/ Mark Kirkland

	CONSTELLIUM EXTRUSIONS FRANCE	    	CONSTELLIUM SWITZERLAND AG
		
	 /s/ Mark Kirkland
	    	
	CONSTELLIUM HOLDCO II B.V.	    	

  
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