0000075208-11-000006 Sample Contracts

OVERSEAS SHIPHOLDING GROUP, INC. NONQUALIFIED STOCK OPTION AGREEMENT (Pursuant to the Overseas Shipholding Group, Inc. 2004 Stock Incentive Plan)
Nonqualified Stock Option Agreement • March 17th, 2011 • Overseas Shipholding Group Inc • Deep sea foreign transportation of freight • Delaware

THIS NONQUALIFIED STOCK OPTION AGREEMENT (this “Agreement”), is made as of the ___ day of ____________, 20____ by and between Overseas Shipholding Group, Inc. (the “Company”) and _________________ (the “Optionee”).

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OVERSEAS SHIPHOLDING GROUP, INC. Performance Award Agreement
Performance Award Agreement • March 17th, 2011 • Overseas Shipholding Group Inc • Deep sea foreign transportation of freight

You are hereby awarded a Performance Award with respect to shares of Overseas Shipholding Group, Inc. (the “Company”) common stock, $1.00 par value per share (“Common Stock”) subject to the terms and conditions set forth in this Performance Award Agreement (this “Agreement”) and in the Overseas Shipholding Group, Inc. 2004 Stock Incentive Plan, as amended and restated as of June 2, 2010 and as subsequently amended from time to time (the “Plan”). All determinations, interpretations, or other actions respecting the Plan, your Performance Award and this Agreement will be made by the Committee appointed under the Plan, and will be final, conclusive and binding on all parties, including you and your successors in interest.

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