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Exhibit 10.22
Tidewater Inc.
Summary of Director Compensation Arrangements
as of March 31, 2017
For service as a non-management director, compensation is as follows:
| • | An annual cash retainer of $51,000; |
| • | An additional annual cash retainer of $125,000 for the chairman of the board; |
| • | 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; |
| • | committee meeting fees of $1,500 per meeting; |
| • | An annual equity award of $97,750, which is currently paid in cash with other annual cash retainers; |
| • | 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; and |
| • | 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. |
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