Common use of Non-Employee Director Clause in Contracts

Non-Employee Director. Pursuant to this Award Agreement and the Marathon Oil Corporation 2019 Incentive Compensation Plan (the “Plan”), MARATHON OIL CORPORATION (the “Corporation”) hereby grants to [NAME] (the “Participant”), a non-employee director of the Corporation, on {DATE} (the “Grant Date”), [NUMBER] restricted stock units (“Restricted Units”) representing the right to receive shares of Common Stock. The number of Restricted Units awarded is subject to adjustment as provided in Section 13 of the Plan, and the Restricted Units are subject to the following terms and conditions:

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Marathon Oil Corp), Restricted Stock Unit Award Agreement (Marathon Oil Corp)

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Non-Employee Director. Pursuant to this Award Agreement and the Marathon Oil Corporation 2019 2016 Incentive Compensation Plan (the “Plan”), MARATHON OIL CORPORATION (the “Corporation”) hereby grants to [NAME] (the “Participant”), a non-employee director of the Corporation, on {DATE} (the “Grant Date”), [NUMBER] restricted stock units (“Restricted Units”) representing the right to receive shares of Common Stock, which may be either newly-issued shares or reacquired shares issued from treasury of the Corporation. The number of Restricted Units awarded is subject to adjustment as provided in Section 13 of the Plan, and the Restricted Units are subject to the following terms and conditions:

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Marathon Oil Corp)

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Non-Employee Director. Pursuant to this Award Agreement and the Marathon Oil Corporation 2019 2016 Incentive Compensation Plan (the “Plan”), MARATHON OIL CORPORATION (the “Corporation”) hereby grants to [NAME] (the “Participant”), a non-employee director of the Corporation, on {DATE} (the “Grant Date”), [NUMBER] restricted stock units (“Restricted Units”) representing the right to receive shares of Common Stock. The number of Restricted Units awarded is subject to adjustment as provided in Section 13 of the Plan, and the Restricted Units are subject to the following terms and conditions:

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Marathon Oil Corp)

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