EXHIBIT 99.1
HELIX ENERGY SOLUTIONS GROUP, INC.
MANDATORY RECOUPMENT POLICY
For the avoidance of doubt, Incentive-Based Compensation does not include (I) base salary, (II) amounts paid solely at a Board or Board Committee’s discretion and which amounts are not paid from a “bonus pool” determined by the satisfaction of a Financial Reporting Measure or (III) amounts, non-equity incentive plan awards or equity awards that, in each case, are subject only to time-based vesting conditions and/or satisfying one or more subjective, strategic or operational measures that are not Financial Reporting Measures.
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Exhibit A
HELIX ENERGY SOLUTIONS GROUP, INC.
MANDATORY RECOUPMENT POLICY
COVERED PERSON ACKNOWLEDGMENT
I hereby certify and acknowledge that:
1. | I have received and read the Helix Energy Solutions Group, Inc. Mandatory Recoupment Policy (the “Policy”), and understand the terms thereof; and |
2. | I agree that the Company may recoup, and I agree to repay, amounts as and according to the terms and conditions provided in the Policy, whether under any compensation plan, award, agreement, employment agreement, communication or any other plan, policy or agreement of the Company (collectively, “Incentive Compensation Agreements”) including amounts already awarded, granted, earned, vested or paid, notwithstanding any contrary provisions of such Incentive Compensation Agreements. |
3. | For the avoidance of doubt, any recoupment effected under the Policy shall not, in and of itself, constitute grounds to terminate my employment for “Good Reason” (or any term of similar meaning) under any Incentive Compensation Agreement. |
Signature:
Print Name:
Date: