HORNBECK OFFSHORE SERVICES, INC.
Service with Energy
DIRECTOR & ADVISORY DIRECTOR
Effective as of February 14, 2006
The effective date of the revised plan shall be February 14, 2006.
Cash Compensation Plan
Each Non-employee Director will receive a total annual retainer of $26,000 paid quarterly on the first day of each
calendar quarter. The Chairman of the Board and the Chairman of each of the Audit and Compensation Committees
will each receive an additional total annual retainer of $8,000 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. Non-employee directors appointed to committees will receive $800 for
each committee meeting. Committee members must attend meetings in person or by telephonic communications to
receive the applicable compensation.
Stock Option and Restricted Stock Program
Non-employee Directors will receive a minimum annual grant of 4,000 options or 2,500 shares of restricted stock
or some combination of the same, which amount may be reviewed annually and increased at the discretion of the
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
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”) (i) an option to purchase the number of shares of common stock equaling 25% of the shares covered by
options granted to such Director over the previous three years and (ii) shares of restricted stock equal to 25% of the
shares of restricted