Director Restricted Stock Grant AgreementDirector Restricted Stock Grant Agreement • April 7th, 2014 • Genco Shipping & Trading LTD • Deep sea foreign transportation of freight • New York
Contract Type FiledApril 7th, 2014 Company Industry JurisdictionWHEREAS, the Company has adopted and maintains the Genco Shipping & Trading Limited 2012 Equity Incentive Plan (the “Plan”) to provide certain key persons, on whose initiative and efforts the successful conduct of the business of the Company depends, with incentives to: (a) enter into and remain in the service of the Company, (b) acquire a proprietary interest in the success of the Company, (c) maximize their performance and (d) enhance the long-term performance of the Company;