0001144204-18-025525 Sample Contracts

FORM OF STOCK OPTION GRANT AGREEMENT (ALTERNATE)
Stock Option Grant Agreement • May 7th, 2018 • 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

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FORM OF RESTRICTED STOCK UNIT GRANT AGREEMENT (ALTERNATE) INTERNATIONAL SEAWAYS, INC. MANAGEMENT INCENTIVE COMPENSATION PLAN RESTRICTED STOCK UNIT GRANT AGREEMENT
Restricted Stock Unit Grant Agreement • May 7th, 2018 • 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

Sample 1
Amendment No. 4 to Lois K. Zabrocky’s Employment Agreement
Employment Agreement • May 7th, 2018 • International Seaways, Inc. • Water transportation

This Amendment No. 4 (the “Amendment”), dated as of April 4, 2018 (the “Effective Date”), is between International Seaways, Inc. (the “Company”) and Lois K. Zabrocky (the “Executive”).

Sample 1
Form of Enhanced Severance Agreement [OSG Letterhead]
Enhanced Severance Agreement • May 7th, 2018 • International Seaways, Inc. • Water transportation • New York

Overseas Shipholding Group, Inc. (the “Company”) has agreed to provide you, the undersigned employee, enhanced severance pursuant to the Overseas Shipholding Group, Inc. Severance Plan effective April 1, 2013 (the “Plan). All capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Plan.

Sample 1
FORM OF PERFORMANCE-BASED RESTRICTED STOCK UNIT AGREEMENT (ALTERNATE) INTERNATIONAL SEAWAYS, INC. MANAGEMENT INCENTIVE COMPENSATION PLAN PERFORMANCE- BASED RESTRICTED STOCK UNIT GRANT AGREEMENT
Performance-Based Restricted Stock Unit Agreement • May 7th, 2018 • 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

Sample 1
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