[HORNBECK LOGO HERE]
HORNBECK OFFSHORE SERVICES, INC.
Service with Energy
DIRECTOR & ADVISORY DIRECTOR
July 18, 2002
The effective date of the plan shall be July 18, 2002.
Cash Compensation Plan
Each Non-employee Director will receive a total annual retainer of $20,000 paid quarterly on the first day of each calendar
quarter. Each Non-employee Director of the Company will receive $1,200 for each Board meeting if attended in person and $800
if attended by telephonic communications. Board appointed committee members would receive $600 with the committee
chairman receiving $800 for each committee meeting. Committee members must attend meetings in person or by telephonic
communications to receive the applicable compensation.
Stock Option Program
Non-employee Directors will receive a minimum annual grant of 5,000 options, which amount may be reviewed annually and
increased at the discretion of the Compensation Committee.
Health Benefit Program
After 3 years of service as a Non-employee Director, such Non-employee Director and his immediate family may also elect to
participate in the same insurance benefit programs on the same monetary terms as the executive officers.
103 North Boulevard, Suite 300
Covington, Louisiana 70433
Phone: (985) 727-2000
Fax: (985) 727-2006
The Company will provide a Longevity Plan for the benefit of Non-employee Directors as follows: Upon completion of three
years of service as a Non-employee Director, the Non-employee Director will be granted (the “Three-Year Grant”) an option to
purchase the number of shares of common stock equaling 25% of the options granted to such Director over the previous three
years. Upon completion of five years of service as a Non-employee Director, the Non-employee Director will be granted (the
“Five-Year Grant”) an option to purchase the number of shares of common stock equaling 50% of the options granted