EX-10.1
from 8-K
18 pages
Purpose. the Purpose of the Gulf Island Fabrication, Inc. Second Amended and Restated 2015 Stock Incentive Plan (The “Plan”) Is to Increase Shareholder Value and to Advance the Interests of Gulf Island Fabrication, Inc. (“Gulf Island”) and Its Subsidiaries (Collectively With Gulf Island, the “Company”) by Furnishing Stock-Based Economic Incentives (The “Incentives”) Designed to Attract, Retain, Reward and Motivate Key Employees, Officers and Directors of the Company and Consultants and Advisors to the Company and to Strengthen the Mutuality of Interests Between Service Providers and Gulf Island’s Shareholders. Incentives Consist of Opportunities to Purchase or Receive Shares of Common Stock, No Par Value Per Share, of Gulf Island (“Common Stock”) or Cash Valued in Relation to Common Stock, on Terms Determined Under the Plan. as Used in the Plan, the Term “Subsidiary” Means Any Corporation, Limited Liability Company or Other Entity, of Which Gulf Island Owns (Directly or Indirectly) Within the Meaning of Section 424(f) of the Internal Revenue Code of 1986, as Amended (The “Code”), 50% or More of the Total Combined Voting Power of All Classes of Stock, Membership Interests, or Other Equity Interests Issued Thereby. 2. Administration. 2.1
12/34/56
