SEC Info - Bristow Group Inc - ‘8-K’ for 8/3/16

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Bristow Group Inc – ‘8-K’ for 8/3/16 – ‘EX-10.1’

On: Thursday, 8/4/16, at 4:55pm ET · For: 8/3/16 · Accession #: 73887-16-79 · File #: 1-31617

  As Of                Filer                Filing    For·On·As Docs:Size

 8/04/16  Bristow Group Inc                 8-K:5,9     8/03/16    2:460K

Current Report — Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     30K 
 2: EX-10.1     Material Contract                                   HTML     12K

EX-10.1 — Material Contract

This exhibit is an HTML Document rendered as filed. [ Alternative Formats ]

Exhibit

August 4, 2016

Chet Akiri

Dear Chet:

It is with great pleasure that I confirm the Compensation Committee has approved an enhanced compensation package for you effective April 18, 2016. The new terms are outlined in the attached document (Exhibit A).

Chet, we are very pleased to see you excel in this expanded role within Bristow. Please feel free to contact me at 713-267-7601 if you have any questions.

My very best regards,



/s/ *Jonathan Baliff*
Jonathan Baliff
President and CEO

Attachment



Offer Accepted:	/s/ *Chet Akiri*
	Chet Akiri

Date:	August 4, 2016

Graphic -- Image -- a8kexhibit101akirioff_image3.gif

Bristow Group Inc. 2103 City West Blvd., 4th Floor, Houston, Texas 77042 United States

t (713) 267 7600 f (713) 267 7620 bristowgroup.com

Graphic -- Image -- a8kexhibit101akirioff_image1.gif

Exhibit A

SVP, Chief Commercial Officer and Interim SVP, Operations

Compensation Package


Employer and Location:	Bristow Group Inc. (the “Company”) located at 2103 City West Blvd, 3rd Floor, Houston, Texas 77042


Compensation Structure:	US based employment


Effective Date:	April 18, 2016


Base Salary:	$425,000 per year

Bonus Percentage:

Participation in the Company’s Annual Incentive Compensation Plan, including cash bonuses in accordance with the Senior Vice President level. Current annual incentive compensation for this position is a target bonus of 75% of Base Salary with a maximum of 187.5% of Base Salary. This target percent will apply until the replacement SVP, Operations is identified and duties are fully transitioned. Following this transition, the target bonus will revert to the percentage approved for comparable Sr. Vice Presidents which is currently 65% of Base Salary.


Additional Duties Allowance:	$15,000 per month to compensate for the additional duties associated with the Interim SVP, Operations role. This allowance will continue until the replacement SVP, Operations is identified and duties are fully transitioned.


LTIP:	Participation in the Company’s Long Term Incentive Plan, including a target annual award for this position valued at 240% of Base Salary.

Dates Referenced Herein and Documents Incorporated by Reference

This ‘8-K’ Filing	Date	Other Filings

Filed on:	8/4/16
For Period End:	8/3/16	DEF 14A, S-8
	4/18/16	8-K
		List all Filings

1 Subsequent Filing that References this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 9/29/16  SEC                               UPLOAD¶    10/17/17    1:157K Bristow Group Inc.

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Filing Submission 0000073887-16-000079 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)