Exhibit 10.11
Tidewater Inc.
Summary of Director Compensation Arrangements
as of December 31, 2017
For service as a non-management director, compensation is as follows:
| • | A base annual retainer of $225,000, 25% of which is paid in cash and 75% of which is paid as time-based restricted stock units (with a 15% decrease in the cash portion effective January 1, 2018); |
| • | An additional annual cash retainer of $50,000 for the chair 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 $5,000 for the chair of the nominating and corporate governance committee; |
| • | 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. |
{N1974493.5}