**Exhibit 10.67**

 

**FORM OF**

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**RELEASE**

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This RELEASE (this “Release”) is entered intoby and between Arlington Tankers Ltd. (the “Company”) and Edward Terino(the “Executive”).

 

The parties have entered into that certain ExecutiveRetention Agreement, dated as of October 17, 2008 (the “RetentionAgreement”).

 

The Company has entered into an Agreement and Plan ofMerger and Amalgamation, dated as of August 5, 2008 (the “MergerAgreement”), with General Maritime Corporation and the other partiesthereto.

 

The parties wish to resolve amicably the Executive’sseparation from the Company and establish the terms of the Executive’sseverance arrangement.

 

NOW, THEREFORE, in consideration of the promises andconditions set forth herein, the sufficiency of which is hereby acknowledged,the Company and the Executive agree as follows:

 

# 1.             TerminationDate.  The Executive’s effective dateof termination from the Company is December 31, 2008

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# 2.             Consideration.  In return for the execution of this Releaseand it becoming binding upon the Executive, the Company agrees to pay theExecutive the amounts and provide the Executive the benefits set forth in Section 4.1,Section 4.2, and Section 4.3 of the Retention Agreement (the “ReleaseBenefits”), less applicable taxes and withholdings.

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# 3.             Release.  In consideration of the payment of theRelease Benefits, which the Executive acknowledges he would not otherwise beentitled to receive, the Executive hereby fully, forever, irrevocably andunconditionally releases, remises and discharges the Company and GeneralMaritime Corporation and their respective officers, directors, stockholders,corporate affiliates, subsidiaries, parent companies, agents and Executives(each in their individual and corporate capacities), all executive benefit plansand plan fiduciaries (hereinafter, the “Released Parties”) from any andall claims, charges, complaints, demands, actions, causes of action, suits,rights, debts, sums of money, costs, accounts, reckonings, covenants,contracts, agreements, promises, doings, omissions, damages, executions,obligations, liabilities, and expenses (including attorneys’ fees and costs),of every kind and nature which the Executive ever had or now has against theReleased Parties, including but not limited to, any and all claims arising outof the Executive’s employment with and/or separation from the Company, including, but not limited to, allclaims for any payment in connection with the Closing (as defined in the MergerAgreement) of the Combinations (as defined in the Merger Agreement), allemployment 

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# discrimination claimsunder Title VII of the Civil Rights Act of 1964, 42 U.S.C. § 2000e et seq.,the Age Discrimination in Employment Act, 29 U.S.C. § 621 et seq.,the Americans With Disabilities Act of 1990, 42 U.S.C., § 12101 et seq.,the Family and Medical Leave Act, 29 U.S.C. § 2601 et seq.,the Rehabilitation Act of 1973, 29 U.S.C. § 701 et seq.,and the Connecticut Human Rights and Opportunities Act, Conn. Gen.Stat. § 46a-51 et seq., the Connecticut Equal Pay Law, Conn.Gen. Stat. § 31-75 et seq., the Connecticut Family andMedical Leave Law, Conn. Gen. Stat. § 31-51kk et seq., Conn. Gen.Stat. § 31-51m (Connecticut whistleblower protection law), all asamended; all common law claims including, but not limited to, actions in tort,defamation and breach of contract; all claims to any non-vested ownershipinterest in the Company, contractual or otherwise, including but not limited toclaims to stock or stock options; and any claim or damage arising out of theExecutive’s employment with or separation from the Company (including a claimfor retaliation) under any common law theory or any federal, state or localstatute or ordinance not expressly referenced above; provided, however, that nothing in this Release prevents the Executivefrom filing, cooperating with, or participating in any proceeding before theEEOC or a state Fair Employment Practices Agency (except that the Executiveacknowledges that he may not be able to recover any monetary benefits inconnection with any such claim, charge or proceeding).

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# 4.             Returnof Company Property.  The Executiveagrees to return all Company property and equipment in his possession orcontrol, including, but not limited to, all Company files and documents.  The Executive further agrees to leave intactall electronic Company documents including those which he developed or helpeddevelop during his employment.

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# 5.             Cooperation.  The Executive agrees to cooperate fully withthe Company in the defense or prosecution of any claims or actions now inexistence or which may be brought in the future against or on behalf of theCompany, provided such requests are made by the Company with reasonable noticeto the Executive and at reasonable times designated by the Company.  The Executive’s full cooperation inconnection with such claims or actions shall include, but not be limited to,his being available to meet with Company counsel to prepare for trial ordiscovery or an administrative hearing and to act as a witness when requestedby the Company.  The Company shall paythe Executive a reasonable hourly rate and reimburse the Executive for allreasonable expenses and out-of-pocket costs incurred in connection withfulfilling the Executive’s obligations under this Section 5.

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# 6.             Natureof Agreement.  The Executiveunderstands and agrees that this Release is a severance and settlement agreement and does not constitute an admissionof liability or wrongdoing on the part of the Company.

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# 7.             Amendment.  This Release shall be binding upon theparties and may not be abandoned, supplemented, changed or modified in anymanner, orally or otherwise, except by an instrument in writing of concurrentor subsequent date signed by a duly authorized representative of the partieshereto.  This Release is binding upon andshall inure to the benefit of the parties and their respective agents, assigns,heirs, executors, successors and administrators.

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# 8.             Validity.  Should any provision of this Release bedeclared or be determined by any court of competent jurisdiction to be illegalor invalid, the validity of the remaining parts, 

 

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# terms, or provisionsshall not be affected thereby and said illegal and invalid part, term orprovision shall be deemed not to be a part of this Release.

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# 9.             Confidentiality.  The Executive acknowledges that as a resultof his employment with the Company, he has come into possession of non-publicand/or confidential and/or proprietary information relating to the Company,General Maritime Corporation and their respective affiliates, including theirrespective practices, directors, officers, agents and employees.  Except as otherwise required by court orderor subpoena, the Executive agrees that he will not directly or indirectly useor disclose to any person, firm, or entity such non-public and/or confidentialand/or other proprietary information acquired during his employment unlessauthorized in writing to do so by the Company. The Executive further agrees and understands that he is prohibited fromdisclosing any terms of this Release to anyone, except that he may disclose theterms of this Release and the Retention Agreement to his attorneys,accountants, or other advisors, or as otherwise required by law.

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# 10.           Non-Disparagement.  In return for the execution of this Releaseand it becoming binding upon the Executive, and as a condition for payment tothe Executive of the monetary consideration herein, the Executive and theCompany agree not to make any false, disparaging or derogatory statements inpublic or private to any person or media outlet regarding each other or any ofeach other’s directors, officers, executives, agents, representatives, businessaffairs or financial condition.

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# 11.           Tax Acknowledgement:  In connection with the payments andconsideration provided to the Executive pursuant to this Release, the Companyshall withhold and remit to the tax authorities the amounts required underapplicable law, and the Executive shall be responsible for all applicable taxeswith respect to such payments and consideration under applicable law.  The Executive acknowledges that he is notrelying upon the advice or representation of the Company with respect to thetax treatment of any of the payments set forth in this Release.

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# 12.           EntireAgreement.  This Release contains and constitutes theentire understanding and agreement between the parties hereto with respect tothe matters set forth herein and cancels all previous oral and writtennegotiations, agreements, commitments, and writings in connection therewith.

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# 13.           ApplicableLaw and Consent to Jurisdiction. This Release shall be interpreted and construed by the laws of the Stateof Connecticut, without regard to conflict of laws provisions.  The Executive hereby irrevocably submits toand acknowledges and recognizes the jurisdiction of the courts of the State ofConnecticut, or if appropriate, a federal court located in Connecticut (whichcourts, for purposes of this Release, are the only courts of competentjurisdiction) over any suit, action or other proceeding arising out of, underor in connection with this Release or the subject matter hereof.

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# 14.           Acknowledgments.  The Executive acknowledges that he has beengiven twenty-one (21) days to consider this Release and that the Companyadvised him to consult with any attorney of him own choosing prior to signingthis Release.  The Executive may revokethis Release for a period of seven (7) days after the execution of thisRelease, and the Agreement shall not be effective or enforceable until the expirationof this seven (7) day revocation period.

 

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# 15.           VoluntaryAssent.  The Executive affirms thatno other promises or agreements of any kind have been made to or with him byany person or entity whatsoever to cause him to sign this Release, and that hefully understands the meaning and intent of this Release.  The Executive states and represents that hehas had an opportunity to fully discuss and review the terms of this Releasewith an attorney.  The Executive furtherstates and represents that he has carefully read this Release, understands thecontents herein, freely and voluntarily assents to all of the terms andconditions hereof, and signs his name of his own free act.

 

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# IN WITNESSWHEREOF, all parties have set their hand and seal to this Release as of thedate written below.

 
| **EDWARD  TERINO**          |                         | Date:      | December 30, 2008 |
|-----------------------------|------------------------------|------------|------------------------|
| ** **                  |                         |       |                   |
| /s/ Edward  Terino          |                         |       |                   |
|                        |                         |       |                   |
| **ARLINGTON  TANKERS LTD.** | ** **                   | ** ** | ** **             |
| ** **                  | ** **                   | ** ** | ** **             |
|                        |                         | Date:      | December 31, 2008 |
|                        |                         |       |                   |
| By:                         | /s/ John C.  Georgiopoulos   |       |                   |   |
|                        |                         |       |                   |   |
|                        | Name: John C.  Georgiopoulos |       |                   |   |
|                        |                         |       |                   |   |
|                        | Title:  Vice  President |       |                   |   |

 

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