Exhibit 10.1
Superior Energy Services, Inc.
2021 Management Incentive Plan
Employee Restricted Stock Unit Award Agreement
This Restricted Stock Unit Award Agreement (the “Agreement”) is made, effective as of the 18th day of July, 2022 (the “Date of Grant”), between Superior Energy Services, Inc., a Delaware corporation (the “Company”) and Michael Y. McGovern (the “Participant”).
RECITALS:
WHEREAS, the Company has adopted the Superior Energy Services, Inc. 2021 Management Incentive Plan (as it may be amended from time to time, the “Plan”) pursuant to which awards of Restricted Stock Units may be granted; and
WHEREAS, the Board and Committee have determined that it is in the best interests of the Company and its shareholders to grant the Restricted Stock Units provided for herein (the “RSU Award”) to the Participant in recognition of the Participant’s services to the Company, such grant to be subject to the terms set forth herein.
NOW, THEREFORE, in consideration for the services rendered by the Participant to the Company and the terms and conditions hereinafter set forth, the parties hereto agree as follows:
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If to the Company:
Superior Energy Services, Inc.
1001 Louisiana Street, Suite 2900
Attention: General Counsel
If to the Participant, at the Participant’s last known address on file with the Company.
All such notices, demands and other communications shall be deemed to have been duly given when delivered by hand, if personally delivered; when delivered by courier, if delivered by commercial courier service; five (5) business days after being deposited in the mail, postage prepaid, if mailed; and when receipt is mechanically acknowledged, if telecopied.
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[SIGNATURE PAGE FOLLOWS]
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IN WITNESS WHEREOF, the parties have executed this Award Agreement as of the 18th day of July, 2022.
Superior Energy Services, Inc.
/s/ Brian K. Moore
By: Brian K. Moore
Title: Chief Executive Officer
/s/ Michael Y. McGovern
Participant
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