INTERNATIONAL SEAWAYS, INC. MANAGEMENT INCENTIVE COMPENSATION PLAN FORM OF STOCK OPTION GRANT AGREEMENTStock Option Grant Agreement • March 31st, 2017 • International Seaways, Inc. • Water transportation • New York
WHEREAS, the Company has adopted the International Seaways, Inc. Management Incentive Compensation Plan (the “Plan”) to promote the interests of the Company and its shareholders by providing the employees and consultants of the Company with incentives and rewards to encourage them to continue in the service of the Company and with a proprietary interest in pursuing the long-term growth, profitability and financial success of the Company; and
INTERNATIONAL SEAWAYS, INC. MANAGEMENT INCENTIVE COMPENSATION PLAN FORM OF RESTRICTED STOCK UNIT GRANT AGREEMENTRestricted Stock Unit Grant Agreement • March 31st, 2017 • International Seaways, Inc. • Water transportation • New York
WHEREAS, the Company has adopted the International Seaways, Inc. Management Incentive Compensation Plan (the “Plan”) to promote the interests of the Company and its shareholders by providing the employees and consultants of the Company with incentives and rewards to encourage them to continue in the service of the Company and with a proprietary interest in pursuing the long-term growth, profitability and financial success of the Company; and
INTERNATIONAL SEAWAYS, INC. MANAGEMENT INCENTIVE COMPENSATION PLAN PERFORMANCE- BASED RESTRICTED STOCK UNIT GRANT AGREEMENTPerformance-Based Restricted Stock Unit Grant Agreement • March 31st, 2017 • International Seaways, Inc. • Water transportation • New York
THIS AGREEMENT, made as of [________], [____] (the “Agreement”), by and between International Seaways, Inc. (the “Company”), and [Name of Officer] (the “Grantee”).
NON-EMPLOYEE DIRECTOR RESTRICTED STOCK AWARD AGREEMENTRestricted Stock Award Agreement • March 31st, 2017 • International Seaways, Inc. • Water transportation • Delaware
THIS AWARD AGREEMENT (the “Agreement”), made as of this __th day of __________, between International Seaways, Inc. (the “Company”), a Marshall Islands corporation, and ____________ (the “Participant”).
