Grant of Performance Units Contract Clauses (108)

Grant of Performance Units. Pursuant to Section 11 of the Plan, the Company hereby grants to the Grantee an Award of 465,909 performance-based Restricted Stock Units (the "Award"), which shall become vested based on (i) the Grantee's continued employment with the Company, and (ii) the attainment of the Performance Criteria designated in Section 2 and Exhibit A. Each performance-based Restricted Stock Unit (a "PSU") subject to the Award represents the right to receive one Share, subject to the terms and conditions set forth... in this Agreement and the Plan. View More

Grant of Performance Units. Pursuant to Section 9 of the Plan, the Company hereby issues to the Participant on the Grant Date an Award consisting of [NUMBER] Performance Stock Units (the "Performance Units"), subject to adjustment as specified on Exhibit A to this Agreement. Each Performance Unit represents the right to receive one Common Share, subject to the terms and conditions set forth in this Agreement and the Plan. The Performance Units shall be credited to a separate account maintained for the Participant on the bo...oks and records of the Company (the "Account"). All amounts credited to the Account shall continue for all purposes to be part of the general assets of the Company. View More

Grant of Performance Units. The Company hereby grants to Michael S. Castleman (the "Recipient") 37,500 Performance Units. This Grant is subject to the terms, definitions and provisions of the Plan, which is incorporated herein by reference. Capitalized terms used but not defined herein shall have the meanings set forth in the Plan. In the event of an express conflict between the terms of this Agreement and the Plan, the Plan will prevail.

Grant of Performance Units. Effective as of the Grant Date, the Company has granted to the Executive pursuant to the Plan 24,430 Performance Units (the "Target Units"). In accepting the award of Performance Units granted in this Agreement the Executive accepts and agrees to be bound by all the terms and conditions of the Plan and this Agreement. The Company shall cause to be delivered to the Executive in electronic or certificated form any shares of Stock that are to be issued under the terms of this Agreement in exchange ...for all vested Performance Units awarded hereby, and such shares of Stock shall be transferable by the Executive as provided herein (except to the extent that any proposed transfer would, in the opinion of counsel satisfactory to the Company, constitute a violation of applicable securities law). The maximum number of shares of Stock that may be paid under this Agreement is 48,860 shares. View More

Grant of Performance Units. Pursuant to this Award Agreement and the Marathon Oil Corporation 2012 Incentive Compensation Plan (the "Plan"), MARATHON OIL CORPORATION (the "Corporation") hereby grants to [NAME] (the "Participant"), an employee of the Corporation or a Subsidiary, on February 25, 2014, [NUMBER] Performance Units, subject to the terms and conditions set forth in this Award Agreement and the Plan. The Participant has no legally binding right to any payment prior to the vesting of the Performance Units in accord...ance with the terms of this Award Agreement. View More

Grant of Performance Units. Subject to and upon the terms and conditions set forth in this Agreement and the Plan, the Committee granted to the Grantee a performance unit (the "Performance Unit") on the Grant Date, and the Grantee hereby accepts the grant of the Performance Unit as set forth herein. Except as otherwise provided herein, the Performance Unit granted hereby shall have no value until the Payment Date.