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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 3/19/24 International Seaways, Inc. 8-K:5,9 3/14/24 15:295K Toppan Merrill/FA |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 38K 2: EX-10.1 Material Contract HTML 12K 3: EX-10.2 Material Contract HTML 11K 4: EX-10.3 Material Contract HTML 12K 5: EX-10.4 Material Contract HTML 12K 10: R1 Cover HTML 53K 12: XML IDEA XML File -- Filing Summary XML 12K 15: XML XBRL Instance -- tm249275d1_8k_htm XML 21K 11: EXCEL IDEA Workbook of Financial Report Info XLSX 8K 7: EX-101.DEF XBRL Definitions -- insw-20240314_def XML 74K 8: EX-101.LAB XBRL Labels -- insw-20240314_lab XML 103K 9: EX-101.PRE XBRL Presentations -- insw-20240314_pre XML 71K 6: EX-101.SCH XBRL Schema -- insw-20240314 XSD 14K 13: JSON XBRL Instance as JSON Data -- MetaLinks 27± 36K 14: ZIP XBRL Zipped Folder -- 0001104659-24-036216-xbrl Zip 30K
Exhibit 10.3
FORM OF Amendment No. 7 to James D. Small’s Employment Agreement
This Amendment No. 7 (the “Amendment”), dated as of March 14, 2024 (the “Effective Date”), is between International Seaways, Inc. (the “Company”) and James D. Small (the “Executive”).
WHEREAS, Overseas Shipholding Group, Inc. (“OSG”) and the Executive previously entered into an employment agreement, dated February 13, 2015, and as amended as of March 30, 2016; August 3, 2016; November 7, 2016; April 2, 2020; April 7, 2022; and March 8, 2023, which was assumed by the Company (the “Employment Agreement”).
WHEREAS, the Employment Agreement was assigned to the Company on November 30, 2016 in connection with the spin-off of the Company from OSG (the “Assignment”).
WHEREAS, pursuant to Section 13(g) of the Employment Agreement, following the Assignment, references to “the Company” in the Employment Agreement constitute a reference to the Company (rather than to OSG).
WHEREAS, the Company and the Executive wish to amend the Employment Agreement in accordance with Section 13(c) thereof.
NOW, THEREFORE, in consideration of the premises and mutual covenants herein and for other good and valuable consideration, the parties agree as follows:
| 1. | Section 3(a) is hereby amended by replacing “$530,000” with “$555,000”. |
| 2. | Except as provided herein, the terms and conditions of the Employment Agreement shall remain in full force and effect and shall be binding on the Company in the same manner and to the same extent as on OSG if no assignment to the Company had taken place. |
| 3. | This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be an original, but all of which shall constitute one and the same instrument. |
[Signature Page Follows]
IN WITNESS WHEREOF, the parties have executed this Amendment to the Employment Agreement as of the date first written above.
| James D. Small III | ||
| International Seaways, Inc. | ||
| Name: | ||
| Title: |
| This ‘8-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on: | 3/19/24 | |||
| For Period end: | 3/14/24 | 144, 4 | ||
| 3/8/23 | 4, 8-K | |||
| 4/7/22 | 4, 8-K | |||
| 4/2/20 | 4, 8-K | |||
| 11/30/16 | 3, 4, 4/A | |||
| 11/7/16 | ||||
| 8/3/16 | ||||
| 3/30/16 | ||||
| 2/13/15 | ||||
| List all Filings | ||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 5/09/24 International Seaways, Inc. 424B7 2:299K Toppan Merrill/FA 5/08/24 International Seaways, Inc. 10-Q 3/31/24 95:11M Toppan Merrill Bridge/FA 5/01/24 International Seaways, Inc. 424B7 2:295K Toppan Merrill/FA 4/29/24 International Seaways, Inc. S-3ASR 4/29/24 5:429K Toppan Merrill/FA |