Document:

Exhibit 10.7

                              CARNIVAL CORPORATION
                              AMENDED AND RESTATED
                        2001 OUTSIDE DIRECTOR STOCK PLAN

                              RESTRICTED STOCK UNIT
                                 AWARD AGREEMENT

      THIS AGREEMENT (the  "Agreement")  made between  Carnival  Corporation,  a
corporation  organized  under the laws of the Republic of Panama (the "Company")
and _________ (the  "Director").  The Company hereby grants to the Director,  on
________ (the "Grant Date"),  the Restricted Stock Unit Award (the "RSU Award"),
consisting  of ________  (_________)  restricted  stock units  ("RSUs"),  on the
following terms and conditions,  and subject to the Director's execution of this
Agreement and the terms and conditions of the Carnival  Corporation  Amended and
Restated 2001 Outside Director Stock Plan (the "Plan"):

      1. The  Company  has adopted  the Plan,  which is  incorporated  herein by
reference and made a part of this Agreement.  Each capitalized term used in this
Agreement and not otherwise defined herein shall have the meaning assigned to it
in the Plan.

      2. Subject to Sections 3 and 4 of this  Agreement,  below,  the Restricted
Period as to the RSUs shall expire in five equal annual  installments  beginning
one year from the Grant Date.

      3. Upon the Director's termination of service as a member of the Board due
to death or  Disability,  the  Restricted  Period shall expire as to 100% of the
RSUs.  Upon the  Director's  ceasing  to be a member of the Board for any reason
other than death or Disability prior to the first  anniversary of the Director's
initial election to the Board, all of the RSUs shall be forfeited and all rights
of the  Director  in  respect  of  the  RSUs  shall  terminate  without  further
obligation  on the part of the  Company.  Upon  the  Director's  termination  of
service as a member of the Board for any reason  other than death or  Disability
on or after the first  anniversary  of the  Director's  initial  election to the
Board, the Restricted Period shall continue to expire in accordance with Section
2 above.

      4. No Shares  shall be issued at the Grant Date of the RSU Award,  and the
Director  shall have no rights as a holder of Shares in respect of the RSUs. The
Company  shall not be  required to set aside any fund for the payment of the RSU
Award.

      5. [Pending the  expiration of the  Restricted  Period,  RSUs shall not be
credited with any amounts in respect of cash dividends and stock  dividends paid
with respect to Shares.] OR

            [Pending the expiration of the Restricted Period,  each RSU shall be
credited with cash dividends and stock dividends paid with respect to one Share,
and such  cash and  stock  dividend  equivalents  shall be paid to the  Director
simultaneously  with the  payment  of the  actual  cash and stock  dividends  on
Shares.] OR

            [Pending the expiration of the Restricted Period,  each RSU shall be
credited with cash dividends and stock dividends paid with respect to one Share,
and such cash and stock

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dividend  equivalents  shall  be  withheld  by the  Company  for the  Director's
account,  [without  interest]  [and interest  shall be credited on the amount of
cash  dividends  withheld at a rate of ___% per annum,  in accordance  with such
terms as are  established  by the  Committee.]  The  cash  dividends  and  stock
dividends so withheld and  attributable  to any  particular  RSU[,  and earnings
thereon,] shall be distributed to the Director upon the settlement or the RSU in
accordance  with Section 6 of this Agreement and, if such RSU is forfeited,  the
Director  shall  have no right  to such  cash  dividends,  stock  dividends  [or
earnings]]. OR

      [Pending  the  expiration  of the  Restricted  Period,  each RSU  shall be
credited with cash dividends and stock  dividends paid with respect to one Share
in the form of  additional  RSUs in an amount  equal to:  (a) the per Share cash
amount of such  dividend  (or,  in the case of a  dividend  payable in Shares or
other  property,  the per  Share  equivalent  cash  value  of such  dividend  as
determined in good faith by the Committee)  divided by (b) the Fair Market Value
of a Share on the dividend  payment date,  which  additional  RSUs shall also be
subject to the terms and conditions of this Agreement  applicable to the RUSs in
respect of which such additional RSUs are granted.]

      6. Upon the expiration of the  Restricted  Period with respect to the RSUs
which have not been forfeited in accordance  with the second sentence of Section
3 of  this  Agreement,  the  Company  shall  deliver  to  the  Director,  or his
beneficiary or personal  representatives,  without charge one Share for each RSU
with respect to which the Restricted Period has expired (each, a "Vested Unit");
provided, that, in the sole discretion of the Committee, the Committee may elect
to pay cash or part cash and part Shares in lieu of delivering only Shares. If a
cash payment is made in lieu of  delivering  Shares,  the amount of such payment
shall be equal to the Fair  Market  Value of the  Shares as of the date on which
the Restricted Period lapsed with respect to such Vested Unit.

      7. None of the RSUs,  nor any right  evidenced  thereby,  may, at any time
before  the  expiration  of the  Restricted  Period  with  respect  thereto,  be
transferable  in any  manner  other  than by will or by the  applicable  laws of
inheritance,  descent and distribution.  In the Committee's discretion, RSUs may
be transferred  pursuant to a "qualified domestic relations order" as defined in
Section 414(p) of the Code or any similar domestic  relations order  enforceable
in the jurisdiction in which the Director resides.

      8. Nothing in the Plan or this Agreement confers on the Director the right
to continue to serve as a member of the Board.

      9. The Company's  obligation to deliver any Shares, cash or other property
to the  Director  in  connection  with the RSU  Award  shall be  subject  to all
applicable federal, state, local and other applicable withholding  requirements,
including the payment by the Director of any applicable  federal,  state,  local
and other applicable withholding tax or social security  contributions,  and the
Company,  Carnival  plc or any  Affiliate of the Company or Carnival plc has the
right,  but not the  obligation  to  withhold  from  any  Shares,  cash or other
property  deliverable  to the Director in connection  with the RSU Award or from
any  compensation  or other  amounts  owing to the Director the amount (in cash,
Shares or other  property) of any required tax withholding in respect of the RSU
Award and to take such other  action as may be  necessary  in the opinion of the
Company to satisfy all obligations for the payment of such taxes.

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      10.  The  Company's  obligations  under this  Agreement  and the Plan with
respect  to the RSU Award  shall be subject to all  applicable  laws,  rules and
regulations and such approvals by any governmental agency as may be required.

      11.  Upon the  vesting  of any RSUs that are  settled  by the  Company  in
Shares,  the  Director  agrees  to  enter  into  such  written  representations,
warranties and  agreements as the Committee may  reasonably  request in order to
comply with applicable securities laws or with the Plan or this Agreement.

      12. This Agreement,  together with the Plan, embodies the entire agreement
and understanding  between the parties hereto with respect to the subject matter
hereof and  supersedes all prior oral or written  agreements and  understandings
relating to the subject matter hereof. No statement,  representation,  warranty,
covenant or agreement not expressly set forth in this Agreement  shall affect or
be used to interpret,  change or restrict,  the express terms and  provisions of
this  Agreement;  provided  that,  this  Agreement  is subject  to the Plan,  as
provided  above,  and,  in the  event  there is any  inconsistency  between  the
provisions  of this  Agreement  and the Plan,  the  provisions of the Plan shall
govern.

      13. This Agreement shall be governed by, and construed in accordance with,
the laws of the State of Florida  without  regard to the principles of conflicts
of law thereof,  or  principles  of conflicts of laws of any other  jurisdiction
which could cause the application of the laws of any jurisdiction other than the
State of Florida.

      14. The terms and  provisions of this Agreement may be modified or amended
as provided in the Plan.

      IN WITNESS THEREOF,  the Company has caused these presents to be signed by
its duly authorized officer as of the __ day of _________, 20__.

                                      By:___________________________

                                             _______________________

                                      Title: _______________________

ACCEPTED AND AGREED TO THIS

____________DAY OF ____________, 20__.

______________________________________

_________, DirectorExhibit 10.8

                      Carnival plc 2005 Employee Share Plan
                                   (the Plan)

                            SHARE OPTION CERTIFICATE

                               (UNAPPROVED OPTION)

                             THIS IS TO CERTIFY THAT

                                    <<Name>>

                               (the Option Holder)

holds an Option  over  <<Number  of  Shares>>  ordinary  shares of $1.66 each in
Carnival plc (the  Company) at an exercise  price of <<Option  Share Price>> per
ordinary share. This Option was granted on <<Grant Date>> (the Date of Grant).

For  Option  Holders   assessable  to  UK  income  tax  and  National  Insurance
Contributions:  The Option is granted  under the main part of the Plan which has
not been  approved  by the  Inland  Revenue  under  Schedule 9 to the Income and
Corporation Taxes Act 1988 and is not therefore capable of attracting favourable
tax  treatment.  Exercise  of the  Option  is  subject  to the  Plan  rules  and
compliance with such  arrangements as the Company may specify for the payment of
taxation and any  national  insurance  contributions  due on such  exercise.  In
particular,  the  exercise  of this  Option may give rise to  Secondary  Class 1
National Insurance contributions which arise under Section 4(4)(a) of the Social
Security  Contributions  and Benefits  Act 1992 (the  Employers'  NIC).  It is a
condition  of the exercise of this Option that the Option  Holder  agrees to the
transfer by the Option Holder's  employing  company of the Employers' NIC to the
Option  Holder,  as  permitted  under  paragraph  3B,  Schedule  1 to the Social
Security  Contributions  and  Benefits  Act  1992,  and that the  Option  Holder
authorises  the Company or any other group company to collect an amount equal to
the Employers' NIC by such means as the Company may specify.

Vesting Schedule

Subject to the above,  the Option will vest  equally over a period of five years
and is normally exercisable from <<Vesting Date>> and will normally lapse if not
exercised by <<Lapse Date>>.

The  Company has entered  into a Deed Poll to ensure  that this  certificate  is
legally binding.

Your attention is drawn to the Notice of Exercise and associated notes.

          THIS CERTIFICATE IS IMPORTANT. PLEASE KEEP IT IN A SAFE PLACE

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