EX-10.2
from 8-K
5 pages
I Am Writing to Formalize Our Offer to Join Global Industries, Ltd. (“Global” or “The Company”) as Its Chief Marketing Officer. in This Position, You Will Report to John Reed, Chief Executive Officer. as Agreed, Our Expectation Is That You Will Commence Employment With Global on or About June 7, 2010. Terms and Conditions of Your Employment Will Be as Outlined Below. A. Standard Compensation 1. Base Compensation in Your Position as Chief Marketing Officer, Your Base Annual Salary Will Be $325,000. at Global, Salary Payments Are Made Twice Per Month. at Global, Base Compensation Is Reviewed Annually by the Compensation Committee. 2. Annual Bonus Incentive Plan
12/34/56
EX-10.1
from 8-K
6 pages
Mr. Ashit Jain Global Industries Asia Pacific Pte. Ltd. 41 Science Park Road #03-24/28, the Gemini Singapore Science Park 11 Singapore 117610 Re: Promotion and Relocation to Houston Dear Aj: This Letter of Appointment Sets Out the Terms and Conditions on Which You Are Being Transferred From Singapore to Houston, Texas. 1. Position Title: Chief Operating Officer Salary: US$325,000 Per Year Effective Date: June 16, 2010 2. Annual Incentive You Will Continue to Be Eligible for Participation in the Company’s Annual Stock Incentive Plan for 2010 (Bonus Plan). the Target Participation Level Is 50% of Your Revised Annual Salary. 3. Benefits the Company Offers a Variety of Employee Benefits Designed to Protect You and Your Dependants From Financial Loss Due to Sickness, Disability or Death. a Summary of Executive Level Benefits Is Attached. Our Most Current Informational Brochure on General Benefits Is Attached. 4. Equity Awards
12/34/56
EX-10.1
from 8-K
5 pages
I Am Writing to Formalize Our Offer to Join Global Industries, Ltd. (“Global” or “The Company”) as Its Chief Financial Officer. in This Position, You Will Report to John Reed, Chief Executive Officer. as Agreed, You Will Commence Employment With Global on or About April 26, 2010. Terms and Conditions of Your Employment Will Be as Outlined Below. A. Standard Compensation 1. Base Compensation in Your Position as Chief Financial Officer, Your Base Annual Salary Will Be $325,000. at Global, Salary Payments Are Made Twice Per Month. at Global, Base Compensation Is Reviewed Annually by the Compensation Committee. 2. Annual Bonus Incentive Plan
12/34/56
EX-10.1
from 8-K
7 pages
I Am Writing to Formalize Our Offer to Join Global Industries, Ltd. (“Global” or “The Company”) as Its Chief Executive Officer. in This Position, You Will Report to the Board of Directors of Global Industries, Ltd. (“The Board”). Assuming You Accept This Employment Offer, You Will Be Appointed as a Member of the Board of Directors of the Company Effective When You Commence Employment. as Agreed, You Will Commence Employment With Global on March 2, 2010. Terms and Conditions of Your Employment Will Be as Outlined Below. A. Standard Compensation 1. Base Compensation in Your Position as Chief Executive Officer, Your Base Annual Salary Will Be $750,000. at Global, Salary Payments Are Made Twice Per Month. at Global, Base Compensation Is Reviewed Annually by the Compensation Committee. 2. Annual Bonus Incentive Plan
12/34/56