Second Amendment to Schlumberger 2008 Stock Incentive Plan
Schlumberger Limited has amended its 2008 Stock Incentive Plan to clarify that employees who transfer directly and without interruption to or from a OneSubsea Company, as defined in a related Master Formation Agreement, will have their employment with a OneSubsea Company counted as continuous service under the Plan. This ensures that any stock awards previously granted to such employees are not affected by these specific employment transfers. The amendment is effective as of June 30, 2013.
Exhibit 10.7
SCHLUMBERGER 2008 STOCK INCENTIVE PLAN
Second Amendment
Schlumberger Limited, a Curaçao corporation, having heretofore adopted the Schlumberger 2008 Stock Incentive Plan (the “Plan”), and having reserved the right under Section 12 thereof to amend the Plan, does hereby amend Section 3(a) of the Plan by adding the following sentence to the end thereto, effective as of June 30, 2013:
“The foregoing notwithstanding, with respect to an employee who has received an Award and whose employment is transferred directly and without interruption to a corporation, limited liability company or other entity (a ‘OneSubsea Company’) pursuant to and in accordance with the terms of that certain Master Formation Agreement by and among Cameron International Corporation, the Company, Schlumberger Technology Corporation and Schlumberger B.V., dated as of November 14, 2012, and the related agreements contemplated therein, such employee’s employment with the Company shall include employment with a OneSubsea Company for all purposes under the Plan (other than eligibility for new grants), and any Awards shall not be affected by such employee’s subsequent transfer of employment directly and without interruption from a OneSubsea Company to the Company or any of its Subsidiaries, from the Company or any of its Subsidiaries to a One Subsea Company or between OneSubsea Companies.”
Approved on behalf of Schlumberger Limited by:
Name: /s/ Alexander C. Juden
Title: Secretary and General Counsel
