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Exhibit 10.15
Tidewater Inc.
Summary of Director Compensation Arrangements
as of December 31, 2018
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; and |
| • | 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. |