Genco Shipping & Trading Limited Restricted Stock Unit Grant AgreementRestricted Stock Unit Grant Agreement • August 4th, 2021 • Genco Shipping & Trading LTD • Deep sea foreign transportation of freight • New York
WHEREAS, the Company has adopted and maintains the Genco Shipping & Trading Limited Amended and Restated 2015 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;
RESTRICTED STOCK UNIT AGREEMENT PURSUANT TO THE GENCO SHIPPING & TRADING LIMITED 2015 EQUITY INCENTIVE PLANRestricted Stock Unit Agreement • August 4th, 2021 • Genco Shipping & Trading LTD • Deep sea foreign transportation of freight • New York
WHEREAS, this Restricted Stock Unit Award Agreement (this “Award Agreement”), dated as of the Grant Date specified above, is entered into by and between Genco Shipping & Trading Limited, a Marshall Islands corporation (the “Company”), and the Participant specified above, pursuant to the Genco Shipping & Trading Limited 2015 Equity Incentive Plan (the “Plan”); and
AMENDMENT TO AWARD AGREEMENTS June 14, 2021Award Agreements • August 4th, 2021 • Genco Shipping & Trading LTD • Deep sea foreign transportation of freight
Pursuant to Section 3.1(b) of the Genco Shipping & Trading Limited Amended and Restated 2015 Equity Incentive Plan, as amended to date (the “Plan”), as of the date set forth above, the Award Agreements referenced below are amended as set forth below. Except as expressly amended hereby, the Awards Agreements shall remain in full force and effect. Capitalized terms used but not defined herein have the respective meanings assigned to such terms in the Award Agreements or the Plan.
