Consulting Agreement - Hvide Marine Inc. and Jean Fitzgerald
January 15, 1999
Mr. Jean Fitzgerald
2100 South Ocean Lane #706
Fort Lauderdale, Florida 33316
Dear Jean:
I am pleased to confirm our understanding with regard to the continuation of
your services as a consultant to Hvide Marine Incorporated ("Hvide"). As in the
past, you will assist Hvide on such matters as are determined by Hvide's Chief
Executive Officer, which matters may include Hvide's governmental relations at
the federal, state, and local levels.
As payment for your services, effective January 1, 1999 you shall receive a
consulting fee of $7,000 per month, payable in advance on the first business day
of each month. In addition, Hvide shall reimburse you for reasonable
out-of-pocket travel and other expenses promptly following your submission of
receipts or other documentation therefor.
It is understood that, in rendering consulting services hereunder, you shall be
an independent contractor and not an employee of Hvide, and that you shall have
no rights to participate in any compensation or benefit plans, programs or
arrangements made available to employees of Hvide. In addition, as an
independent contractor, you shall be solely responsible for any and all
self-employment and other taxes with respect to your compensation hereunder.
This agreement supersedes any and all previous agreements and understandings
with regard to your consulting services. This agreement shall be effective for
an initial term of one year, commencing January 1, 1999, and shall be
automatically renewed for successive one-year terms unless written notice to the
contrary is given by either party at least 60 calendar days prior to the
expiration of the term then in effect.
Please indicate your agreement with the foregoing by signing and returning the
enclosed copy of this letter.
Jean, it is an understatement to say that we look forward to continuing our long
and mutually beneficial relationship in the future.
Very truly yours,
Hvide Marine Incorporated
By s/J. Erik Hvide
--------------------------------
J. Erik Hvide
Chairman, President and
Chief Executive Officer
Accepted and agreed this
25th day of January, 1999
s/Jean Fitzgerald