Document:

Amendment Number Two to the Supplemental Executive Retirement Plan

 EXHIBIT 10.44 
 AMENDMENT NUMBER TWO 
 TO THE 
 TIDEWATER INC. SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 
 WHEREAS, Tidewater Inc. (the “Company” or the
“Employer”) sponsors the Tidewater Inc. Supplemental Executive Retirement Plan (the “Plan”); 
 WHEREAS, the Plan was
adopted effective July 1, 1991. The Plan has been amended from time to time, and most recently restated effective January 1, 2008, and further amended on December 10, 2008; and 
 WHEREAS, the Company wishes to amend the Plan to make certain changes to the manner in which the plan is administered; 
 NOW, THEREFORE, the Company hereby amends the Plan, effective January 22, 2009, as follows: 
 I. 
 The first clause of the second paragraph of Section 7.1, Time and Form of Payment,
is amended to read as follows: 
 Notwithstanding, a Participant may elect on a form provided by the Employee Benefits Committee of the Employer (the
“Committee” or the “Employee Benefits Committee”), 
 II. 
 The second sentence of the second paragraph in Article 4, Eligibility, shall be amended to read as follows: 
 Notwithstanding the foregoing, the Compensation Committee may, in its discretion, determine to increase benefits hereunder, credit an Eligible Employee with an
additional period of service hereunder, accelerate the time or times of payment of benefits hereunder or change the date (but not retroactively) on which benefits cease to accrue for an Employee or terminating Employee. 
 III. 
 The first clause of Article 5, Amount of Supplemental
Pension Benefit for Eligible Employees Covered under the Pension Plan, shall be amended to read as follows: 
 Unless otherwise determined by the
Compensation Committee under Article 4, the amount of supplemental pension benefit shall be: 
 IV. 
 The first sentence of Article 5(c), Amount of Supplemental Pension Benefit for Eligible Employees Covered under the Pension Plan, shall be amended to read
as follows: 
 The computation in paragraph (i) above shall be made as to take into account any change authorized by the Compensation Committee as
permitted in Article 4 hereof. 
  

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 V. 
 The first clause of Article 6, Amount of Supplemental Pension Benefit for Eligible Employees Who Are Not Covered under the Pension Plan, shall be amended to read as follows: 
 Unless otherwise determined by the Compensation Committee under Article 4, the amount of supplemental pension benefit shall be: 
 VI. 
 The first sentence of Article 6(c),
Amount of Supplemental Pension Benefit for Eligible Employees Who Are Not Covered under the Pension Plan, is amended to read as follows: 
 The computation in paragraph (i) above shall be made as to take into account any change authorized by the Compensation Committee as permitted in Article 4 hereof. 
 VII. 
 The first clause of the second paragraph of Article 7.1, Time and Form of
Payout, is amended to read as follows: 
 Notwithstanding, a Participant may elect on a form provided by the Employee Benefits Committee,

 VIII. 
 Article 8, Plan
Administration, is amended and restated to read as follows: 
 This Plan shall be administered by the Employee Benefits Committee.
The respective powers and obligations of the Committee, the Board of Directors of the Employer (the “Board of Directors”) and the Compensation Committee of the Board of Directors (the “Compensation Committee”) are the same as
those set forth in the Pension Plan document, but modified to take into account that this Plan is an unfunded plan for highly-compensated employees. Subject to the terms of this Article 8, the Employee Benefits Committee shall have full power and
authority to interpret, construe and administer this Plan, and such governing body’s interpretations and constructions hereof and actions hereunder, including the timing, form, amount or recipient of any payment to be made hereunder, within the
scope of its authority, shall be binding and conclusive on all persons for all purposes. No member of a governing body shall be liable to any 
  

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 person for any action taken or omitted in connection with the interpretation and administration of this Plan, unless
attributable to his own willful misconduct or lack of good faith. Each administrator shall be fully indemnified as provided in the Pension Plan. The Company may purchase fiduciary insurance covering officers, directors and employees. A member of the
Employee Benefits Committee shall not participate in any action or determination regarding his own benefits hereunder. Any action or determination that affects in a substantive manner the benefits of participants shall be submitted to the
Compensation Committee for approval. 
 IX. 
 Article 10, Amendment and Discontinuance, is amended to add an additional paragraph as follows: 
 The Compensation Committee must approve any amendment to the Plan that is a material substantive amendment. Amendments that are not material substantive amendments may be approved by the Employee Benefits Committee without the necessity of
Compensation Committee approval. Whether an amendment is a material substantive amendment shall be determined by the Employee Benefits Committee; provided, however, that any amendment that would result in a material increase in the cost of the Plan
to the Company or in the benefits provided shall be considered to be a material substantive amendment. 
 IN WITNESS WHEREOF, the
parties hereto have caused this amendment to be executed this      day of                     , 2009. 

 

							
	WITNESSES:	 		 	TIDEWATER INC.
				
	  
	 		 	By:	 	 /s/    Bruce D. Lundstrom

	  
  
	 		 		 	 Bruce D. Lundstrom
 Executive Vice President,

General Counsel and Secretary

  

 3Summary of Compensation Arrangements with Directors

 Exhibit 10.45 
 TIDEWATER INC. 
 SUMMARY OF DIRECTOR COMPENSATION ARRANGEMENTS 
 For service as a non-management director, compensation is as follows: 
  

	 	•	 	 An annual cash retainer of $40,000; 

  

	 	•	 	 An additional annual cash retainer of $20,000 for the lead director; 

  

	 	•	 	 An additional annual cash retainer of $15,000 for the chair of each of the audit committee and the compensation committee, and $10,000 for the chair of each of the nominating
and corporate governance committee and the finance and investment committee; 

  

	 	•	 	 A meeting fee of $2,000 for each board or committee meeting attended; 

  

	 	•	 	 An annual grant of deferred stock units under the Directors Deferred Stock Units Plan valued at date of grant at $100,000; 

  

	 	•	 	 Reimbursement of reasonable travel and other out-of-pocket expenses incurred in connection with attendance at meetings of the board of directors and its committees;

  

	 	•	 	 Participation in the company’s Gift Matching Program under which the company matches a director’s contribution to an educational institution or foundation up to
$5,000 per year; and 

  

	 	•	 	 For directors who were members of the board prior to March 31, 2006, accrued benefits under the now frozen Non-Qualified Pension Plan for Outside Directors of Tidewater.

  

 1Summary of Fiscal 2009 and 2010 Executive Officers Base Salaries

 Exhibit 10.46 
 TIDEWATER INC. 
 SUMMARY OF EXECUTIVE OFFICER BASE SALARIES AND 
 TARGET BONUS OPPORTUNITIES 
  

													
	 	  	Annual Base Salary Levels	  	Target Bonus Opportunities
As a Percentage of Base Salary	 
	 Name and Position
	  	Fiscal 2009	  	Fiscal 2010	  	Fiscal 2009	 	 	Fiscal 2010(4)	 
	 Dean E. Taylor
Chairman of the Board, President
and Chief Executive Officer
	  	$	598,000	  	$	615,940	  	120	%(1)	 	120	%
					
	 J. Keith Lousteau
Executive Vice President and
Chief Financial Officer
(through September 30, 2008)
	  	$	327,600	  	 	—  	  	95	%(2)	 	—  	 
					
	 Quinn P. Fanning
Executive Vice President
(Beginning July 17, 2008) and
Chief Financial Officer
(Beginning October 1,
2008)
	  	$	300,000	  	$	309,000	  	67.3	(3)	 	95	%
					
	 Jeffrey M. Platt
Executive Vice President
	  	$	322,400	  	$	332,072	  	95	%(3)	 	95	%
					
	 Stephen W. Dick
Executive Vice President
	  	$	318,240	  	$	327,787	  	95	%(3)	 	95	%
					
	 Bruce D. Lundstrom
Executive Vice President,
Secretary and General Counsel
	  	$	312,000	  	$	321,360	  	90	%(3)	 	95	%
					
	 Joseph M. Bennett
Executive Vice President and
Chief Investor Relations Officer
	  	$	250,000	  	$	257,500	  	95	%(3)	 	95	%

  

	(1)	To be paid under the terms of the Executive Officer Annual Incentive Plan. 

  

	(2)	Due to Mr. Lousteau’s retirement during fiscal 2009, his bonus payment was made under his Retirement Agreement. 

  

	(3)	To be paid under the terms of the Management Annual Incentive Plan. 

  

	(4)	As in past years, the bonus will be based upon economic value added (“EVA”) and safety. In prior years, the bonus of the executive officers other than the chief executive officer
included an individual performance component. In fiscal 2010, the bonus of the chief executive officer will also contain an individual performance component. 

  

 1Exhibit 10.1

 Exhibit 10.1 
 AMENDMENT #2 
 TO 
 EMPLOYMENT AGREEMENT 
 THIS AMENDMENT #2 TO EMPLOYMENT AGREEMENT (this “Amendment”) is made
and entered into as of the 8th day of May, 2009 (the “Effective Date”), by and between Integral Systems, Inc., a Maryland corporation (the “Company”), and William M. Bambarger (the “Executive”). 
 A. The Company and Executive previously entered into that certain Employment Agreement effective as of October 1, 2007 and amended effective
April 30, 2008 (collectively, the “Agreement”). Capitalized terms in this Amendment #2 and not otherwise defined herein shall have the meanings given them in the Agreement. 
 B. The Company and Executive wish to amend and modify certain provisions in the Agreement as provided herein and effective as of the Effective Date
hereof, while leaving unchanged all other provisions of the Agreement. 
 Agreement 
 A new Section 4.7 is added to the Agreement to read as follows, the remainder of the Agreement is renumbered accordingly, and all cross-references
are renumbered accordingly: 
 Any unvested portion of any stock options to acquire the Company’s common stock (“Options”) or
any equity award made to the Executive shall immediately vest and become exercisable in full: (i) if a change in control (as defined in the Company’s standard form of award agreement for stock options under the Company’s 2008 Stock
Incentive Plan) occurs while Executive is an employee of the Company, to the extent the Options and/or other awards are not assumed by the acquiror or successor entity (as applicable) in connection with such change in control, or (ii) if the
Options and/or other awards are assumed by the acquiror or successor entity (as applicable) in connection with such change in control and Executive’s employment or services with the Company is terminated by the Company without Cause or by
Executive for Good Reason upon or within twelve (12) months following the change in control. 
 Except as otherwise set forth in this
Agreement, all terms and provisions of the Agreement remain unchanged and in full force and effect. 

 IN WITNESS WHEREOF, the parties hereto have entered into this Amendment #2 as of the Effective Date.

  

									
	INTEGRAL SYSTEMS, INC.	 		 	WILLIAM M. BAMBARGER
					
	By:	 	/s/ John B. Higginbotham	 		 	By:	 	/s/ William M. Bambarger

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