Amendment No. 1 to the Noble Drilling Corporation Retirement Restoration Plan

Summary

This amendment, effective January 1, 2009, updates the Noble Drilling Corporation Retirement Restoration Plan. It changes the definition of "Participant" to include the Chief Executive Officer and any other employee who is part of the Retirement Plan and is designated by the CEO. The amendment was executed by Noble Drilling Corporation on July 10, 2009.

EX-10.16 5 c09458exv10w16.htm EXHIBIT 10.16 Exhibit 10.16

Exhibit 10.16

AMENDMENT NO. 1 TO THE
NOBLE DRILLING CORPORATION
RETIREMENT RESTORATION PLAN

Pursuant to the provisions of Section 9 thereof, the Noble Drilling Corporation Retirement Restoration Plan as amended by restatement in its entirety effective as of January 1, 2009 (the “Plan”), is hereby amended in the following respect only:

Effective as of January 1, 2009, Section 1.1(h) of the Plan is hereby amended by restatement in its entirety to read as follows:

(h) “Participant” means the Chief Executive Officer of Noble Corporation and any other employee of an Employer who (i) is a participant in the Retirement Plan, and (ii) has been designated by the Chief Executive Officer of Noble Corporation to be a Participant in this Plan.

IN WITNESS WHEREOF, this Amendment has been executed by Noble Drilling Corporation on behalf of all Employers on this 10^th day of July, 2009.


	NOBLE DRILLING CORPORATION
	By:	/s/ Julie Robertson
		Title: Senior Vice President