Document:

exv10w29

Exhibit 10.29

SPECIAL RETENTION AWARD AGREEMENT

HERCULES OFFSHORE, INC.

     This Special Retention Award Agreement (the “Agreement”) is made and entered into by and
between Hercules Offshore, Inc., a Delaware corporation (the “Company”), and John T. Rynd (the
“Participant”) as of January 1, 2011 (the “Grant Date”).

W I T N E S S E T H

     WHEREAS, the Compensation Committee of the Board of Directors of the Company evaluates and
implements compensation plans to attract, motivate and retain executive officers who possess
superior capabilities and to encourage such persons to have a proprietary interest in the Company;
and

     WHEREAS, the Compensation Committee of the Board of Directors of the Company believes that the
grant to the Participant of the special retention award, as described herein, is consistent with
its stated objective; and

     NOW, THEREFORE, in consideration of the mutual covenants and conditions hereafter set forth
and for other good and valuable consideration, the Company and the Participant agree as follows:

     1. Special Retention Award. In order to encourage the Participant’s contribution to the
successful performance of the Company, and in consideration of the covenants and promises of the
Participant herein contained, the Company hereby grants to the Participant as of the Grant Date
this special retention award (“Award”), subject to the conditions and restrictions set forth
herein.

     2. Vesting and Payment.

	 	(a)	 	This Award shall vest if, and only if, the Participant remains continuously
employed by the Company from the Grant Date until the earlier of (1) December 31, 2013,
or (2) the date on which a Change in Control of the Company occurs (such earlier date
being referred to herein as the “Vesting Date”) (the “Vesting Requirement”).
	 
	 	(b)	 	If the Vesting Requirement is satisfied, the Award shall vest, as of the
Vesting Date, in the amount, less applicable withholding, equal to the product of:

	 	(i)	 	500,000, and
	 
	 	(ii)	 	The lesser of the Average Share Price and $10.00.

	 	 	 	(Such amount shall be referred to herein as the “Retention Payment”.) The term
“Average Share Price” shall mean the average of the closing prices for one share of
common stock of the Company (“Common Stock”) reported on the consolidated transaction
reporting system for the principal national securities exchange on which shares of
the Common Stock are listed for each day on which such a price is reported during the
period of ninety (90) calendar days ending on the day prior to the Vesting Date.
	 
	 	(c)	 	The Company shall pay the Retention Payment to the Participant in a single,
lump sum cash payment during the thirty (30) calendar day period beginning on the first
day after the Vesting Date. No other amounts shall be owed or paid under this
Agreement.

     3. Restrictions on Transfer. If the Participant should die on or after the Vesting Date and
before receiving payment of the Retention Payment, the Retention Payment shall be paid to the
Participant’s beneficiary, if any, designated in accordance with the procedures prescribed by the
Compensation Committee of the Board of Directors of the Company (“Beneficiary”), and if no
Beneficiary is designated, then to the estate of the Participant. Except as provided in the
preceding sentence of this Paragraph 3, no right or benefit under this Agreement shall be subject
to transfer, anticipation, alienation, sale, assignment, pledge, encumbrance or charge, whether
voluntary, involuntary, by operation of law or otherwise, and any attempt to transfer, anticipate,
alienate, sell, assign, pledge, encumber or charge the same shall be void. No right or benefit
hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities or
torts of the person entitled to such benefits. If the

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Participant or his Beneficiary hereunder shall become bankrupt or attempt to transfer,
anticipate, alienate, assign, sell, pledge, encumber or charge any right or benefit hereunder,
other than as contemplated by this Paragraph 3, or if any creditor shall attempt to subject the
same to a writ of garnishment, attachment, execution, sequestration, or any other form of process
or involuntary lien or seizure, then such right or benefit shall cease and terminate.

     4. Effect of Termination of Employment. Vesting in the Award is conditioned upon
Participant’s continuous employment by the Company from the Grant Date until the Vesting Date.
Termination of the Participant’s employment with the Company by any means prior to the Vesting Date
shall result in forfeiture of the Award.

     5. Limitation of Rights. Nothing in this Agreement shall be construed to:

	 	(a)	 	give the Participant any right to be awarded any other Award in the future,
even if other Awards are granted on a regular or repeated basis, as grants of Awards
are completely voluntary and made solely in the discretion of the Committee;
	 
	 	(b)	 	give the Participant or any other person any interest in any property,
including but not limited to, any fund, asset or assets or shares of Common Stock or
any asset or assets or shares of any subsidiary of the Company (“Subsidiary”); or
	 
	 	(c)	 	confer upon the Participant the right to continue in the employment or service
of the Company or any Subsidiary, or affect the right of the Company or any Subsidiary
to terminate the employment or service of the Participant at any time or for any
reason.

     6. Successors and Assigns. This Agreement shall bind and inure to the benefit of and be
enforceable by the Participant, the Company and their respective permitted successors and assigns
(including personal representatives, heirs and legatees), except that the Participant may not
assign any rights or obligations under this Agreement except to the extent and in the manner
expressly permitted herein.

     7. Governing Law. This Award Agreement shall be governed by, construed and enforced in
accordance with the laws of the State of Delaware.

     IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by its officers
thereunto duly authorized, and the Participant has hereunto set his hand as of the day and year
first above written.

	 	 	 	 	 	 	 

	 	 	HERCULES OFFSHORE, INC.
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ James W. Noe 
	 	 	 	 	 
	 

	 	 	 	Name:
	 	James W. Noe
	 

	 	 	 	Title:
	 	Senior Vice President,
General Counsel and Chief Compliance 

Officer
	 
	 	 	 	 	 	 
	 	 	PARTICIPANT
	 
	 	 	 	 	 	 
	 

	 	Name:	 	/s/ John T. Rynd
	 	 	 	 	 
	 

	 	 	 	Name:
	 	John T. Rynd

2exv10w14

Exhibit 10.14

Idera Pharmaceuticals, Inc.

Policy on Treatment of Stock Options in the Event of Retirement*

	 	1)	 	For purposes of this policy, a member of the Board of Directors (the “Board”) of Idera
Pharmaceuticals, Inc.(“Idera”) will be deemed to have retired if:

	 	a)	 	the director resigns from the Board or determines not to stand for
reelection and has served as a director for more than 10 years, or
	 
	 	b)	 	the director does not stand for reelection or is not nominated for
reelection due to the fact that he or she is or will be older than 75 at the end of
such director’s term.

	 	2)	 	For purposes of this policy, an employee of Idera will deemed to have retired if the
employee terminates his or her employment with Idera, has been an employee of Idera for
more than 10 years and is older than 65 upon termination of employment.
	 
	 	3)	 	If a director or employee retires, then (i) all outstanding options will automatically
vest in full and (ii) the period during which the director or employee may exercise the
options will be extended to the expiration of the option under the plan.

 

			
	* 	 	Approved by the Board of Directors and Compensation Committee on December 14, 2010.exv10w41

Exhibit 10.41

Director Compensation Program

Effective July 1, 2010

     Under our director compensation program, we pay our non-employee directors retainers in cash.
Each director receives a cash retainer for service on the board of directors and for service on
each committee on which the director is a member. These fees are payable quarterly in arrears and
are as follows:

Cash Fees

	 	 	 	 	 	 	 	 	 
	 	 	Member	 	 	Chairman	 
	 	 	Annual Fee	 	 	Annual Fee	 
	Board of Directors
	 	$	35,000	 	 	 	—	 
	Audit Committee
	 	$	7,000	 	 	$	15,000	 
	Compensation Committee
	 	$	7,000	 	 	$	15,000	 
	Nominating and Corporate Governance Committee
	 	$	3,500	 	 	$	7,500	 
	Scientific Committee
	 	$	3,500	 	 	$	7,500	 

The Lead Director of the Board of Directors receives an annual fee of $52,500.

Equity Fees

     Our director compensation program also includes a stock-for-fees policy, under which directors
have the right to elect to receive common stock in lieu of cash fees. The number of shares to be
issued to participating directors is determined on a quarterly basis by dividing the cash fees to
be issued in common stock by the fair market value of our common stock, which is the closing price
of our common stock, on the first business day of the quarter following the quarter in which the
fees were earned.

     Under our director compensation program, upon their initial election to the board of
directors, new non-employee directors receive an option grant for 16,000 shares and all
non-employee directors receive an annual option grant for 10,000 shares. The annual grants are made
on the date of the annual meeting of stockholders. These options vest quarterly over three years
from the date of grant, subject to continued service as a director, and are granted under our 2008
Stock Incentive Plan. These options are granted with exercise prices equal to the fair market value
of our common stock, which is the closing price of our common stock, on the date of grant and
become immediately exercisable in full if there is a change in control of our company.

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