TBS INTERNATIONAL LIMITED FORM OF RESTRICTED SHARE AWARD AGREEMENT (amended as of April 8, 2008)Restricted Share Award Agreement • May 9th, 2008 • TBS International LTD • Deep sea foreign transportation of freight • Delaware
RESTRICTED SHARE AWARD AGREEMENT (this “Agreement”) dated as of _______________, _______ (the “Issue Date”) between TBS INTERNATIONAL LIMITED (the “Company”), and [PARTICIPANT] (the “Participant”). Except as otherwise defined herein, capitalized terms used herein shall have the meanings set forth in the Plan (as defined below).
TBS INTERNATIONAL LIMITED FORM OF SHARE UNIT AWARD AGREEMENT (amended as of April 8, 2008)Share Unit Award Agreement • May 9th, 2008 • TBS International LTD • Deep sea foreign transportation of freight • Delaware
SHARE UNIT AWARD AGREEMENT (this “Agreement”) dated as of ___________, _______ (the “Grant Date”) between TBS INTERNATIONAL LIMITED (the “Company”), and [PARTICIPANT] (the “Participant”). Except as otherwise defined herein, capitalized terms used herein shall have the meanings set forth in the Plan (as defined below).
FIRST AMENDMENT TO JUNE 29, 2005 LETTER AGREEMENT GRANTING RESTRICTED SHARES TO FERDINAND V. LEPERETBS International LTD • May 9th, 2008 • Deep sea foreign transportation of freight
The letter agreement dated June 29, 2005 between TBS International Limited (the "Company") and Ferdinand V. Lepere ("Mr. Lepere"), pursuant to which 100,000 Common Shares of TBS International Limited (the "Shares") are granted, subject to various restrictions, to Mr. Lepere, is hereby amended to provide that any and all unvested Shares shall vest in full and Mr. Lepere shall have unrestricted ownership rights in such Shares in the event Mr. Lepere's employment is terminated by the Company other than for Cause or Mr. Lepere resigns for Good Reason, as such terms are defined in the TBS International Limited 2005 Equity Incentive Plan, as amended.
FIRST AMENDMENT TO SHARE UNIT AWARD AGREEMENT WITH MARTIN LEVIN DATED AUGUST 20, 2007Award Agreement • May 9th, 2008 • TBS International LTD • Deep sea foreign transportation of freight
The Share Unit Award Agreement dated as of August 20, 2007, between TBS International Limited (the "Company") and Martin Levin ("Mr. Levin"), pursuant to which an award of 15,000 Share Units are granted, subject to various restrictions, to Mr. Levin, is hereby amended as follows.
