Document:

EX-10.6

 Exhibit 10.6 

2015 STOCK PLAN FOR NON-EMPLOYEE DIRECTORS 

OF 
 NOBLE ENERGY, INC.

 2016 RESTRICTED STOCK AGREEMENT 

THIS AGREEMENT is made and entered into as of
                    , by and between NOBLE ENERGY, INC., a Delaware corporation (the “Company”), and
                                        
(“Director”). 
 WHEREAS, the 2015 Stock Plan for Non-Employee Directors of Noble Energy, Inc. as amended and restated effective
October 20, 2015 (the “Plan”), provides for the grant of restricted shares of Common Stock to the Company’s Non-Employee Directors upon the terms and conditions specified under the Plan; and 

WHEREAS, Director is a Non-Employee Director of the Company who has been granted an award of restricted shares of Common Stock pursuant to the
Plan; 
 NOW, THEREFORE, in consideration of the premises and mutual covenants and agreements contained herein, the receipt and sufficiency
of which are hereby acknowledged, the parties hereby agree as follows with respect to such award: 
 1. Restricted Stock Award. On
the terms and conditions and subject to the restrictions, including forfeiture, hereinafter set forth, the Company hereby awards to Director, and Director hereby accepts, a restricted stock award (the “Award”) of
             shares of Common Stock (the “Restricted Shares”). The Award is made effective as of
                     (the “Effective Date”). The Restricted Shares shall be issued in book-entry or stock certificate form in the name of
Director as of the Effective Date. The Restricted Shares shall be held by the Company in escrow for Director’s benefit until such time as the Restricted Shares are either forfeited by Director to the Company or the restrictions thereon
terminate as set forth in this Agreement. Director shall not retain physical custody of any certificates representing Restricted Shares issued to Director until such time as the restrictions on such Restricted Shares terminate as set forth in this
Agreement. Director, by acceptance of the Award, shall be deemed to appoint, and does so appoint, the Company and each of its authorized representatives as Director’s attorney(s)-in-fact to effect any transfer of forfeited Restricted Shares to
the Company as may be required pursuant to the Plan or this Agreement, and to execute such representations or other documents or assurances as the Company or such representatives deem necessary or advisable in connection with any such transfer. To
the extent allowable by applicable law, the Company, or its designee, shall not be liable for any act it may do or omit to do with respect to holding the Restricted Shares in escrow while acting in good faith in the exercise of its judgment. 

 2. Vesting and Forfeiture. 

(a) The Restricted Shares shall be subject to a restricted period (the “Restricted Period”) that shall commence on the Effective
Date and shall end on the first anniversary of the Effective Date. 
 (b) During the Restricted Period, the Restricted Shares shall be
subject to being forfeited by Director to the Company as provided in this Agreement, and Director may not sell, assign, transfer, discount, exchange, pledge or otherwise encumber or dispose of any of the Restricted Shares. 

(c) If Director remains a member of the Board of Directors throughout the Restricted Period, the restrictions applicable hereunder to the
Restricted Shares shall terminate, and as soon as practicable after the end of the Restricted Period the Restricted Shares shall be delivered to Director free of such restrictions together with any dividends or other distributions with respect to
such shares then being held by the Company as provided in Section 3 of this Agreement. 
 (d) If Director experiences a Termination for
Cause during the Restricted Period, then the Restricted Shares shall be forfeited by Director to the Company, and shall be transferred to the Company by Director. 

(e) If Director ceases to be a member of the Board of Directors during the Restricted Period for any reason other than as set forth in
the following sentence of this Section 2(e) or in Section 2(f), the Restricted Shares shall be forfeited by Director to the Company and shall be transferred to the Company by Director. If Director dies or becomes disabled (within the
meaning of section 22(e)(3) of the Internal Revenue Code of 1986, as amended, as determined by the Board of Directors in its discretion) while a member of the Board of Directors, or retires as a regular member of the Board of Directors because
of age in accordance with the mandatory retirement provisions of Article III of the By-laws of the Company, all restrictions applicable to the Restricted Shares shall terminate, and as soon as practicable thereafter the Restricted Shares shall be
delivered to Director free of such restrictions (or in the event of Director’s death, to Director’s estate) together with any dividends or other distributions with respect to such shares then being held by the Company as provided in
Section 3 of this Agreement. 
 (f) In accordance with Section 6.01 of the Plan, in the event of a Change in Control during the
Restricted Period while Director is a member of the Board of Directors, followed by the involuntary termination of Director’s membership on the Board of Directors, including a failure to re-nominate Director for election to the Board of
Directors, for reasons other than a Termination for Cause within the 24-month period following the date of such Change in Control, the restrictions applicable hereunder to the Restricted Shares shall terminate and the Restricted Shares (and/or any
successor securities or other property attributable to the Restricted Shares that may result from the Change in Control), together with any dividends or other distributions with respect to such shares then being held by the Company pursuant to the
provisions of this Agreement, shall be delivered to Director free of such restrictions. 

  
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 3. Rights as Shareholder. Subject to the provisions of this Agreement, upon the issuance
of the Restricted Shares to Director, Director shall become the owner thereof for all purposes and shall have all rights as a stockholder, including voting rights and the right to receive dividends and distributions, with respect to the Restricted
Shares. If the Company shall pay or declare a dividend or make a distribution of any kind, whether due to a reorganization, recapitalization or otherwise, with respect to the shares of Company common stock constituting the Restricted Shares, then
the Company shall pay or make such dividend or other distribution with respect to the Restricted Shares; provided, however, that the cash, stock or other securities and other property constituting such dividend or other distribution shall be held by
the Company subject to the restrictions applicable hereunder to the Restricted Shares until the Restricted Shares are either forfeited by Director and transferred to the Company or the restrictions thereon terminate as set forth in this Agreement.
If the Restricted Shares with respect to which such dividend or distribution was paid or made are forfeited by Director pursuant to the provisions hereof, then Director shall not be entitled to receive such dividend or distribution and such dividend
or distribution shall be forfeited and transferred to the Company. If the restrictions that imposed a substantial risk of forfeiture applicable to the Restricted Shares with respect to which such dividend or distribution was paid or made terminate
in accordance with the provisions of this Agreement, then Director shall be entitled to receive such dividend or distribution with respect to such shares, without interest, and such dividend or distribution shall be delivered to Director as soon as
practicable (but in no event later than sixty (60) days) after the termination of such restrictions. 
 4. Reclassification of
Shares. In case of any consolidation or merger of another corporation into the Company in which the Company is the surviving corporation and in which there is a reclassification or change (including the right to receive cash or other property)
of the Restricted Shares (other than a change in par value, or from par value to no par value, or as a result of a subdivision or combination, but including any change in such shares into two or more classes or series of shares), the Board of
Directors may provide that the Restricted Shares shall take the form of the kind and amount of shares of stock and other securities (including those of any new direct or indirect parent of the Company), property, cash or any combination thereof
receivable upon such consolidation or merger. 
 5. Assignment. The Company may assign all or any portion of its rights and
obligations under this Agreement. The Award, the Restricted Shares and the rights and obligations of Director under this Agreement may not be sold, assigned, transferred, discounted, exchanged, pledged or otherwise encumbered or disposed of by
Director other than by will or the laws of descent and distribution. 

  
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 6. Binding Effect. This Agreement shall be binding upon and inure to the benefit of
(i) the Company and its successors and assigns, and (ii) Director, and Director’s heirs, devisees, executors, administrators and personal representatives. 

7. Notices. All notices required or permitted to be given or made under this Agreement shall be in writing and shall be deemed to have
been duly given or made if (i) delivered personally, (ii) transmitted by first class registered or certified United States mail, postage prepaid, return receipt requested, (iii) sent by prepaid overnight courier service, or
(iv) sent by telecopy or facsimile transmission, answer back requested, to the person who is to receive it at the address that such person has theretofore specified by written notice delivered in accordance herewith. Such notices shall be
effective (i) if delivered personally or sent by courier service, upon actual receipt by the intended recipient, (ii) if mailed, upon the earlier of five days after deposit in the mail or the date of delivery as shown by the return receipt
therefor, or (iii) if sent by telecopy or facsimile transmission, when the answer back is received. The Company or Director may change, at any time and from time to time, by written notice to the other, the address that the Company or Director
had theretofore specified for receiving notices. Until such address is changed in accordance herewith, notices under this Agreement shall be delivered or sent (i) to Director at Director’s address as set forth in the records of the
Company, or (ii) to the Company at the principal executive offices of the Company clearly marked “Attention: Lee Robison”. 

8. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Texas without regard to
its principles of conflict of laws. 
 9. Further Assurances. Director agrees to execute such additional instruments and to take all
such further action as may be reasonably requested by the Company to carry out the intent and purposes of this Agreement. 
 10. Subject
to Plan. The Award, the Restricted Shares and this Agreement are subject to all of the terms and conditions of the Plan as amended from time to time. In the event of any conflict between the terms and conditions of the Plan and those set forth
in this Agreement, the terms and conditions of the Plan shall control. Capitalized terms not defined in this Agreement shall have the meaning set forth in the Plan. 

11. Descriptive Headings and References. The descriptive headings herein are inserted for convenience of reference only, do not
constitute a part of this Agreement, and shall not affect in any manner the meaning or interpretation of this Agreement. The words “this Agreement,” “herein,” “hereof,” “hereby,” “hereunder” and
words of similar import refer to this Agreement as a whole and not to any particular subdivision unless expressly so limited. 
 12.
Electronic Documentation. Any provision of this Agreement to the contrary notwithstanding, provisions in this Agreement setting forth a requirement for delivery of a written notice, agreement, consent, acknowledgement, or other documentation
in 

  
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writing, including a written signature, may be satisfied by electronic delivery of such notice, agreement, consent, acknowledgement, or other documentation, in a manner that the Board of
Directors has prescribed or that is otherwise acceptable to the Board of Directors, provided that evidence of the intended recipient’s receipt of the electronic delivery is available to the Board of Directors and that such delivery is not
prohibited by applicable laws and regulations. 
 [SIGNATURE PAGE TO FOLLOW] 

  
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 IN WITNESS WHEREOF, the Company and Director have executed this Agreement as of the date first
written above. 
  

					
	NOBLE ENERGY, INC.
			
		 	By:	 	  

		 	Name:	 	 David L. Stover

		 	Title:	 	 President and CEO

	
	DIRECTOR
		
		 	  

		 	Director Signature
		
		 	 Name

		 	Director Printed Name

  
 6EX-10.7

 Exhibit 10.7 

2015 STOCK PLAN FOR NON-EMPLOYEE DIRECTORS 

OF 
 NOBLE ENERGY, INC.

 2016 STOCK OPTION AGREEMENT 

THIS AGREEMENT is made as of
                    , by and between NOBLE ENERGY, INC., a Delaware corporation (the “Company”), and
                                        
(“Director”). 
 WHEREAS, the Company’s Board of Directors, acting under the 2015 Stock Plan for Non-Employee Directors of
Noble Energy, Inc. as amended and restated effective October 20, 2015 (the “Plan”), has determined that it is desirable to grant an option to purchase shares of Common Stock to Director, who is a Non-Employee Director of the Company;

 NOW, THEREFORE, it is agreed as follows: 

1. Grant of Option, Option Period and Terms of Exercise of Option. Subject to the terms and conditions hereinafter set forth, the
Company hereby grants to Director the option to purchase              shares of Common Stock at the price of $             per
share. This option shall be exercisable for a period commencing one year from the date of this Agreement and terminating on the expiration of ten years from the date of this Agreement; provided, however, that: 

(a) If Director experiences a Termination for Cause, this option shall automatically terminate and be of no further force or
effect as of the date Director’s directorship terminated; 
 (b) If Director dies or becomes disabled (within the
meaning of section 22(e)(3) of the Internal Revenue Code of 1986, as amended, as determined by the Board of Directors in its discretion) while a member of the Board of Directors, or Director ceases to be a regular member of the Board of Directors
because of age in accordance with the mandatory retirement provisions of Article III of the By-Laws of the Company, this option shall become exercisable in full and may be exercised prior to the earlier of (i) the expiration of five years after
such death or disability, or (ii) the expiration of the exercise period applicable to this option, but not thereafter, by Director, the executor or administrator of the estate of Director, or by the person or persons who shall have acquired
this option by bequest or inheritance or permitted transfer, as the case may be; 
 (c) If the directorship of Director
terminates within the exercise period applicable to this option for any reason other than a reason specified in subparagraphs (a), (b) and (d) of this paragraph 1, this option may be exercised, to the extent Director was able to do so at
the date of termination of the directorship, prior to the earlier of (i) the expiration of five years after such termination, or (ii) the expiration of the exercise period applicable to such Option, but not thereafter; or 

(d) In accordance with the provisions of Section 6.01 of the Plan, in the event of a Change in Control while Director is a
member of the Board of Directors, followed by the involuntary termination of Director’s membership on the Board of Directors, including a failure to re-nominate Director for election to the Board of Directors, for reasons other than a
Termination for Cause within the 24-month period following the date of such Change in Control, this option shall become exercisable in full and may be exercised prior to the expiration of the exercise period applicable to this option, but not
thereafter. 

 This option is a nonqualified stock option and will not be treated as an incentive stock option qualified under
Section 422 of the Internal Revenue Code of 1986, as amended. 
 3. Agreement of Director Regarding Directorship. Director
hereby agrees to continue to serve the Company as a director for a period of at least one year from the date hereof at the retainer rate and fee schedule in effect as of the date hereof or at such changed rate or schedule as the Company from time to
time may establish, unless Director dies or becomes disabled or subject to the mandatory retirement provisions of Article III of the By-laws of the Company. 

4. Requirement of Directorship. Except as provided in paragraph 1 hereof, the option granted hereby may not be exercised unless
Director is at the time of exercise serving as a member of the Board of Directors. 
 5. Exercise of Option. This option may be
exercised by written notice signed by Director and delivered to the President of the Company or sent by United States registered or certified mail, postage prepaid, addressed to the Company (for the attention of its President) at its corporate
office in Houston, Texas. Such notice shall state the number of shares as to which the option is exercised and shall be accompanied by the full amount of the purchase price of such shares in accordance with Section 3.02(d) of the Plan. Any such
notice shall be deemed given on the date on which the same was deposited in a regularly maintained receptacle for the deposit of United States mail, addressed and sent as above-stated. Promptly after demand by the Company, Director shall pay to the
Company an amount equal to any applicable withholding taxes due in connection with the exercise of this option. Payment of the purchase price of the shares and payment of any applicable withholding taxes can be accomplished under the broker-assisted
exercise program administered by the Company’s designee, if any, then in effect. 
 6. Delivery of Certificates Upon Exercise of
Options. Delivery of a certificate or certificates representing the purchased shares of common stock of the Company shall be made promptly after receipt of notice of exercise and payment of the purchase price and the amount of any withholding
taxes to the Company, if required, provided that the Company shall have such time as it reasonably deems necessary to qualify or register such shares under any law or governmental rule or regulation or list such shares on any exchange that it deems
desirable or necessary. 

  
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 7. Adjustments Upon Change in Common Stock. In the event that before delivery by the
Company of all the shares in respect of which this option is hereby granted, the Company shall have effected a common stock split or dividend payable in common stock, or the outstanding common stock of the Company shall have been combined into a
smaller number of shares, the shares still subject to the option hereby granted shall be increased or decreased to reflect proportionately the increase or decrease in the number of shares outstanding, and the purchase price per share shall be
decreased or increased so that the aggregate purchase price for all the then optioned shares shall remain the same as immediately prior to such split, dividend or combination. In the event of a reclassification of stock not covered by the foregoing,
or in the event of a liquidation or reorganization, including a merger, consolidation or sale of assets, it is agreed that the Board of Directors shall make such adjustments, if any, as it may deem appropriate in the number, purchase price and kind
of shares still subject to the option hereby granted. 
 8. Transferability. The option evidenced hereby is not transferable by
Director other than (i) by will or the laws of descent and distribution or (ii) to a Permitted Transferee in accordance with the provisions of the Plan. 

9. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Texas without regard to
its principles of conflict of laws. 
 10. Subject to Plan. This Agreement and the option evidenced hereby are subject to all of the
terms and conditions of the Plan as amended from time to time. In the event of any conflict between the terms and conditions of the Plan and those set forth in this Agreement, the terms and conditions of the Plan shall control. Capitalized terms not
defined in this Agreement shall have the meaning set forth in the Plan. 
 11. Electronic Documentation. Any provision of this
Agreement to the contrary notwithstanding, provisions in this Agreement setting forth a requirement for delivery of a written notice, agreement, consent, acknowledgement, or other documentation in writing, including a written signature, may be
satisfied by electronic delivery of such notice, agreement, consent, acknowledgement, or other documentation, in a manner that the Board of Directors has prescribed or that is otherwise acceptable to the Board of Directors, provided that evidence of
the intended recipient’s receipt of the electronic delivery is available to the Board of Directors and that such delivery is not prohibited by applicable laws and regulations. 

[SIGNATURE PAGE TO FOLLOW] 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
above written. 
  

			
	NOBLE ENERGY, INC.
		
	By	 	  

		 	David L. Stover
		 	President and CEO

  

	
	DIRECTOR:
	
	  

	<<Name>>

  
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