Summary Director Compensation Arrangement, effective 2019
Contract Categories:
Human Resources
- Compensation Agreements
EX-10.5 6 mro-20190331x10qxex105.htm EXHIBIT 10.5 Exhibit
Exhibit 10.5
Marathon Oil Corporation
Non-Employee Director Compensation Package
2019 Non-Employee Director Pay Package | |
Annual Cash Retainer – Paid Quarterly on a Prorated Basis | $150,000 |
Annual Director Stock Unit Award – Granted Annually1 | $175,000 |
Total Annual Compensation Package Exclusive of Chair Fees | $325,000 |
Audit Committee Annual Chair Cash Fee – Paid Quarterly on a Prorated Basis | $25,000 |
Compensation Committee Annual Chair Cash Fee– Paid Quarterly on a Prorated Basis | $25,000 |
Corporate Governance and Nominating Committee Annual Chair Cash Fee – Paid Quarterly on a Prorated Basis | $12,500 |
Health, Environmental, Safety & Corporate Responsibility Committee Annual Chair Cash Fee – Paid Quarterly on a Prorated Basis | $12,500 |
Independent Lead Director | $25,000 |
1 Fully vested in shares of common stock on the earlier of the third anniversary of the grant date or termination of service, with common stock issued shortly thereafter unless deferred election is made.
