Document:

Restricted Stock Agreement OMNI Energy and James C. Eckert

 Exhibit 10.3 
 RESTRICTED STOCK AGREEMENT 
 This Restricted Stock Agreement (this
“Agreement”) is made effective as of January 1, 2008 (the “Date of Grant”), between OMNI Energy Services Corp., a Louisiana corporation (the “Company”), and James C. Eckert
(“Employee”). The Company and the Employee have also executed an Amended and Restated Employment Agreement effective as of December 31, 2007 (the “Employment Agreement”), which contemplates an expiration or
termination of such Employment Agreement no later than June 30, 2008, and a Consulting Agreement between the Company and the Employee (the “Consulting Agreement”), which provides for the payment for and the provision of
consulting services by Employee upon the expiration or termination of the Employment Agreement. 
 1. Award. Pursuant to the
Seventh Amended and Restated Stock Incentive Plan (the “Plan”), and subject to the terms and conditions of this Agreement, the Company hereby awards to Employee, as of the Date of Grant, 400,000 shares (the “Restricted
Shares”) of the Company’s common stock, $0.01 par value per share (“Common Stock”), which shall be issued as hereinafter provided in Employee’s name, subject to certain restrictions thereon. Employee acknowledges
receipt of a copy of the Plan and agrees that this award of Restricted Shares shall be subject to all of the terms and provisions of the Plan. Capitalized terms used but not defined in this Agreement shall have the meanings attributed to such terms
under the Plan, unless the context otherwise requires. 
 2. Restricted Shares. Employee hereby accepts the Restricted Shares
when issued and agrees with respect thereto as follows: 
 (a) Transfer Restrictions. Restricted Shares may not be
sold, assigned, pledged, exchanged, hypothecated or otherwise transferred, encumbered or disposed of to the extent then subject to the transfer restrictions as provided in this Section 2 (the “Transfer Restrictions”),
and in all cases must be sold in compliance with applicable federal state securities laws. 
 (b) Vesting. Consistent
with the Plan, the restricted period for the Restricted Shares shall lapse on January 1, 2009. The Transfer Restrictions on the shares shall lapse as follows: 
  

			
	 January 1, 2009
	  	100,000 shares
	 Each April 1, July 1, October 1 and
	  	
	 January 1, thereafter through
	  	
	 January 1, 2011
	  	33,333 shares
	 April 1, 2011
	  	33,336 shares

 With regard to any Restricted Shares with respect to which the Transfer
Restrictions have lapsed, such shares shall continue to be subject to the restrictions on transfer imposed under applicable requirements of federal and state securities laws and any stock exchange or quotation system on which the Common Stock may be
listed at the time of such transfer. 
  

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 3. Additional Restrictions. 
 (a) Certificates. A certificate or certificates evidencing the Restricted Shares shall be issued by the Company in Employee’s
name, pursuant to which Employee shall have all of the rights of a stockholder of the Company with respect to the Restricted Shares, including, without limitation, voting rights and the right to receive dividends (provided, however, that dividends
paid in shares of Common Stock shall be subject to the Transfer Restrictions). The certificate or certificates shall be delivered upon issuance to the Secretary of the Company or to such other depository as may be designated by the Committee as a
depository for safekeeping (the “Depository”) until the Transfer Restrictions lapse with respect to such Restricted Shares pursuant to the Plan and/or this Agreement. On the Date of Grant, Employee shall, if requested by the
Company, deliver to the Company one or more stock powers, endorsed in blank, relating to the Restricted Shares. Upon any lapse of the Transfer Restrictions (i) the Company shall cause a new certificate representing the Restricted Shares with
respect to which the Transfer Restrictions have lapsed to be issued without a legend (except for any legend required pursuant to applicable securities laws), in the name of Employee and shall deliver such certificate to Employee, (ii) the
Depository shall deliver to the Company the certificate representing the Restricted Shares then in the possession of the Depository and (iii) the Company shall cancel such returned certificate and shall destroy the stock power relating to the
Restricted Shares then in its possession. 
 (b) Corporate Acts. The existence of the Restricted Shares shall not
affect in any way the right or power of the Board of Directors of the Company (the “Board”) or the stockholders of the Company to make or authorize any adjustment, recapitalization, reorganization or other change in the
Company’s capital structure or its business, any merger or consolidation of the Company, any issue of debt or equity securities, the dissolution or liquidation of the Company or any sale, lease, exchange or other disposition of all or any part
of its assets or business or any other corporate act or proceeding. The prohibitions of Section 2 hereof shall not apply to the transfer of Restricted Shares pursuant to a plan of reorganization of the Company, but the stock, securities
or other property received in exchange therefor shall also become subject to the Transfer Restrictions and provisions governing the lapsing and such Transfer Restrictions applicable to the original Restricted Shares for all purposes of this
Agreement, and the certificates representing such stock, securities or other property shall be legended to show such restrictions. 
 4.
Withholding of Tax. To the extent that the receipt of the Restricted Shares or the lapse of any Transfer Restrictions results in compensation income or wages to Employee for federal, state or local tax purposes, Employee shall deliver
to the Company at the time of such receipt or lapse, as the case may be, such amount of money or, if permitted by the Committee in its sole discretion, shares of Common Stock as the Company may require to meet its minimum obligation under applicable
tax laws or regulations, and if Employee fails to do so, the Company is authorized to withhold from any cash or stock remuneration (including withholding any Restricted Shares distributable to Employee under this Agreement) then or thereafter
payable to Employee any tax required to be withheld by reason of such resulting compensation income or wages. If Employee makes an election under Section 83(b) of the Internal Revenue Code with 

  

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respect to the Restricted Shares, Employee acknowledges and agrees that Employee is obligated to report as income all amounts required by Section 83(b)
of the Internal Revenue Code. Employee agrees to and acknowledges the obligation to pay taxes on such income. If the Company becomes liable for any amount of taxes or other amounts to be paid on Employee’s income under this Agreement, Employee
agrees to indemnify and hold harmless the Company for such liability, including, but not limited to, any penalties and interest. 
 5.
Status of Restricted Shares. 
 (a) Employee understands that at the time of the execution of this Agreement the
issuance of the Restricted Shares has been registered under the Securities Act of 1933, as amended (the “Securities Act”). 
 (b) Employee hereby agrees that (i) the certificates representing the Restricted Shares may bear such legend or legends as the Committee deems appropriate in order to reflect the Transfer Restrictions and to
assure compliance with the terms and provisions of this Agreement, (ii) the Company may refuse to register the transfer of the Restricted Shares on the stock transfer records of the Company if such proposed transfer would in the opinion of
counsel satisfactory to the Company constitute a violation of the terms and provisions of the Transfer Restrictions, and (iii) the Company may give related instructions to its transfer agent, if any, to stop registration of the transfer of the
Restricted Shares. 
 6. Employment Relationship. For purposes of this Agreement, Employee shall be considered to be in the
employment of the Company as long as Employee remains an employee of either the Company or a Subsidiary. Without limiting the scope of the preceding sentence, it is expressly provided that Employee shall be considered to have terminated employment
with the Company at the time of the termination of the “Subsidiary” status of the entity or other organization that employs Employee. Nothing in the Plan or the award of the Restricted Shares thereunder pursuant to this Agreement, shall
affect in any way the right of Employee or the Company to terminate such employment at any time. It is expressly agreed that providing services as a consultant to the Company or a Subsidiary shall not be deemed as employment for purposes of this
Agreement. 
 7. Effect of Death and Disability. 
 (a) Death. Upon the death of Employee, there shall be no effect on the vesting of the Restricted Shares, and the Transfer
Restrictions on the Restricted Shares shall continue to lapse as provided in Section 2(b). 
 (b)
Disability. If Employee becomes Disabled (as defined in Section 409(a)(2)(C) of the Internal Revenue Code), there shall be no effect on the vesting of the Restricted Shares, and the Transfer Restrictions on the Restricted Shares shall
continue to lapse as provided in Section 2(b). 
 8. Notices. Any notices or other communications provided for in
this Agreement shall be sufficient if in writing. In the case of Employee, such notices or communications shall be effectively delivered if hand delivered to Employee at Employee’s principal place of 

  

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employment or if sent by registered or certified mail to Employee at the last address Employee has filed with the Company. In the case of the Company, such
notices or communications shall be effectively delivered if sent by registered or certified mail to the Company at its principal executive offices. 
 9. Binding Effect; Survival. This Agreement shall be binding upon and inure to the benefit of any successors to the Company and all persons lawfully claiming under Employee. The provisions of Section 5 shall
survive the lapse of the Transfer Restrictions without forfeiture. 
 10. Entire Agreement; Amendment. This Agreement and the
Plan constitute the entire agreement of the parties with regard to the subject matter hereof, and contains all the covenants, promises, representations, warranties and agreements between the parties with respect to the Restricted Shares granted
hereby. Without limiting the scope of the preceding sentence, all prior understandings and agreements, if any, among the parties hereto relating to the subject matter hereof are hereby null and void and of no further force and effect. Any
modification of this Agreement shall be effective only if it is in writing and signed by both Employee and an authorized officer of the Company. 
 11. Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Louisiana, without regard to conflicts of law principles thereof. 
 12. Execution. This Agreement may be executed in multiple counterparts, each of which will be deemed an original, which taken together
shall constitute the Agreement. 
 [Signature page follows.] 
  

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 IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by an officer
thereunto duly authorized, and Employee has executed this Agreement, all as of the date first above written. 
  

							
	EMPLOYEE:	 		 	COMPANY:
			
		 		 	OMNI ENERGY SERVICES CORP.
				
	 /s/ James C. Eckert
	 		 	By:	 	 /s/ Brian J. Recatto

	James C. Eckert	 		 		 	Brian J. Recatto
		 		 		 	Chief Operating Officer
			
		 		 	 /s/ Edward E. Colson, III

		 		 	Edward E. Colson, III, Director
			
		 		 	 /s/ Barry E. Kaufman

		 		 	Barry E. Kaufman, Director
			
		 		 	 /s/ Dennis R. Sciotto

		 		 	Dennis R. Sciotto, Director
			
		 		 	 /s/ Richard C. White

		 		 	Richard C. White, Director

  

 5Termination and Mutual Release Agreement OMNI Energy and James C. Eckert

 Exhibit 10.4 
 TERMINATION AND MUTUAL RELEASE AGREEMENT 
 This Termination and Mutual Release Agreement
(“Release Agreement”) is made and entered into effective as of December 31, 2007 (the “Effective Date”), by and between OMNI Energy Services Corp., a Louisiana corporation (the “Company”), and
James Eckert, a resident of Yazoo County, Mississippi (“Eckert”). 
 WHEREAS, Eckert and the Company have entered
into an Amended and Restated Employment Agreement as of the date hereof (the “Amended Employment Agreement”); 
 WHEREAS, Eckert and the Company have entered into a Consulting Agreement as of the date hereof (the “Consulting Agreement”), for which this Release Agreement constitutes additional consideration; 
 WHEREAS, Eckert and the Company entered into a Restricted Stock and Stock-Based Award Incentive Agreement on or about January 5, 2007
(“Restricted Stock Agreement”); 
 WHEREAS, Eckert and the Company desire to terminate and cancel the Restricted
Stock Agreement; 
 WHEREAS, Eckert and the Company are contemporaneously entering into a new Restricted Stock Agreement dated
effective January 1, 2008 (the “Amended Stock Agreement”), for which this Release Agreement constitutes additional consideration; and 
 WHEREAS, the Company and Eckert desire to compromise, settle and forever resolve and dispose of all differences and potential claims and controversies between them, up to and including the Effective Date of
this Agreement. 
 NOW, THEREFORE, in consideration of the mutual promises contained herein, and in further consideration of the
mutual promises set forth in the Consulting Agreement and the Amended Stock Agreement, the parties agree as follows: 
 1. Termination
of Restricted Stock Agreement. By execution of this Release Agreement and the Consulting Agreement, the parties hereby terminate the Restricted Stock Agreement without liability, and no party has any further obligations, rights or
responsibilities under such Restricted Stock Agreement. 
 2. Release of Company. In consideration for the Company’s
release of claims set forth herein and the Company’s other obligations in this Release Agreement, the Consulting Agreement and the Amended Stock Agreement, Eckert voluntarily and knowingly waives, releases, and discharges the Company, and any
and all parent, subsidiary, affiliate and related companies, and each of its and their shareholders, owners, directors, officers, partners, members, employees, staff, benefit plans, agents, representatives and assigns (collectively, the
“Company Releasees”) from all claims, liabilities, demands, and causes of action, known or unknown, fixed or contingent, which Eckert may have or claim to have against any of them as a result of Eckert’s 

  

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employment with the Company and/or as a result of any other matter arising through the date of Eckert’s signature on this Agreement except for:
(a) breach, if any, of this Release Agreement, the Amended Employment Agreement, the Consulting Agreement or the Amended Stock Agreement; and (b) any claim for indemnification Eckert may have under the articles and by-laws of the Company
or applicable D&O insurance policies. Eckert agrees not to file a lawsuit to assert any such released claims. This waiver, release and discharge includes, but is not limited to claims arising from or related to the Restricted Stock Agreement.

 3. Release of Eckert. In consideration for Eckert’s release of claims set forth herein and Eckert’s other
obligations in this Release Agreement, the Amended Employment Agreement, the Consulting Agreement and the Amended Stock Agreement, the Company voluntarily and knowingly waives, releases, and discharges Eckert, and his heirs and assigns, from all
claims, liabilities, demands, and causes of action, known or unknown, fixed or contingent, which the Company may have or claim to have against Eckert as a result of Eckert’s employment with the Company and/or as a result of any other matter
arising through the date this Release Agreement is executed by the Company, except for breach, if any, of this Release Agreement, the Amended Employment Agreement, the Consulting Agreement, and the Amended Stock Agreement. The Company agrees not to
file a lawsuit to assert any such released claims. 
 4. No Admission. Eckert and the Company understand and agree that this
Release Agreement is not and shall not be deemed or construed to be an admission by either Eckert or the Company of any wrongdoing of any kind or of any breach of any contract, law, obligation, policy, or procedure of any kind or nature. 

5. Governing Law. This Release Agreement shall be governed by, and construed in accordance with, the laws of the State of Louisiana
without regard to the choice-of-law principles thereof. 
 6. Choice of Forum; Consent to Jurisdiction. Any suit, action or
proceeding arising with respect to the validity, construction, enforcement or interpretation of this Release Agreement, and all issues relating in any matter thereto, shall be brought in the United States District Court for the Western District of
Louisiana, Lafayette Division, or in the event that federal jurisdiction does not pertain, in the state courts of the State of Louisiana in the Lafayette Parish. Each of the parties hereto hereby submits and consents to the jurisdiction of such
courts for the purpose of any such suit, action or proceeding and hereby irrevocably waives (a) any objection which any of them may now or hereafter have to the laying of venue in such courts, and (b) any claim that such suit, action or
proceeding brought in such court has been brought in an inconvenient forum. 
 7. Amendment. This Release Agreement may be
amended, modified or supplemented only by a written instrument executed by the parties hereto. 
 8. Construction. Each party
to this Release Agreement has had the opportunity to review this Release Agreement with legal counsel. This Release Agreement shall not be construed or interpreted against any party on the basis that such party drafted or authored a particular
provision, parts of, or the entirety of this Release Agreement. 
  

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 9. Execution. This Release Agreement may be executed in multiple counterparts, each of
which will be deemed an original, which taken together shall constitute the Release Agreement. 
 IN WITNESS WHEREOF, the parties hereto have
executed this Release Agreement as of the day and year first above written. 
  

							
	ECKERT:	 		 	COMPANY:
			
		 		 	OMNI ENERGY SERVICES CORP.
				
	 /s/ James C. Eckert
	 		 	By:	 	 /s/ Brian J. Recatto

	James C. Eckert	 		 		 	Brian J. Recatto
		 		 		 	Chief Operating Officer
			
		 		 	 /s/ Edward E. Colson, III

		 		 	Edward E. Colson, III, Director
			
		 		 	 /s/ Barry E. Kaufman

		 		 	Barry E. Kaufman, Director
			
		 		 	 /s/ Dennis R. Sciotto

		 		 	Dennis R. Sciotto, Director
			
		 		 	 /s/ Richard C. White

		 		 	Richard C. White, Director

  

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