Document:

Form of Noble Corporation Time-Vested Restricted Stock Unit Agreement

 Exhibit 10.2 
 NOBLE CORPORATION 
 TIME-VESTED RESTRICTED STOCK UNIT AGREEMENT

 THIS AGREEMENT, made as of the             day of
            , 201    , by and between NOBLE CORPORATION, a Swiss corporation (the “Company”), and
            (“Employee”); 
 W I T N E S S E T H:

 WHEREAS, the committee (the “Committee”) acting under the Company’s 1991 Stock Option and Restricted Stock
Plan, as amended (the “Plan”), has determined that it is desirable to award time-vested Restricted Stock Units (as defined in the Plan) to Employee pursuant to the Plan; and 

WHEREAS, pursuant to the Plan, the Committee has determined that the time-vested Restricted Stock Units so awarded shall be subject to
the restrictions, terms and conditions of this Agreement; 
 NOW, THEREFORE, in consideration of the premises and mutual
covenants and agreements herein contained, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 
 1. Time-Vested Restricted Stock Unit Award. On the terms and conditions and subject to the restrictions, including forfeiture, hereinafter set forth, the Company hereby awards
            Restricted Stock Units (the “Awarded Restricted Stock Units”) to Employee pursuant to the Plan. The Awarded Restricted Stock Units are being awarded to Employee
effective as of the date of this Agreement (the “Effective Date”), and shall vest or be forfeited in accordance with and otherwise be subject to the provisions of this Agreement. The Awarded Restricted Stock Units are being awarded to
Employee without the payment of any cash consideration by Employee. 
 2. Vesting and Forfeiture. Except as set forth in
Section 3 of this Agreement, the Awarded Restricted Stock Units shall vest and the forfeiture restrictions applicable to them under this Agreement shall terminate in accordance with the provisions of the attached Schedule I, provided that
Employee remains continuously employed by the Company or an Affiliate from the Effective Date to the applicable date of vesting. Any Awarded Restricted Stock Units that have not already vested shall be forfeited by Employee upon the termination of
Employee’s employment with the Company or an Affiliate for any reason other than (i) death or Disability or (ii) after the occurrence of a Change in Control, by reason of (A) the Company’s termination of Employee’s
employment other than for Cause (as defined below) or (B) Employee’s termination of Employee’s employment for Good Reason (as defined below). Transfers of employment without interruption of service between or among the Company and any
of its Affiliates shall not be considered a termination of employment. 

 3. Acceleration of Vesting. 

(a) All of the Awarded Restricted Stock Units that have not already vested shall become fully vested and no longer subject to any
forfeiture restrictions under this Agreement if Employee’s employment with the Company or an Affiliate terminates (i) by reason of the death or Disability of Employee or (ii) after the occurrence of a Change in Control, by reason of
(A) the Company’s termination of Employee’s employment other than for Cause or (B) Employee’s termination of Employee’s employment for Good Reason. 

(b) For purposes of this Agreement, “Cause” shall mean (i) the willful and continued failure of Employee to perform
substantially Employee’s duties for the Company (other than any such failure resulting from bodily injury or disease or any other incapacity due to mental or physical illness) after a written demand for substantial performance is delivered to
Employee by the Executive Vice President and Corporate Secretary of the Company, which specifically identifies the manner in which the Company believes Employee has not substantially performed Employee’s duties; or (ii) the willful
engaging by Employee in illegal conduct or gross misconduct that is materially and demonstrably detrimental to the Company and/or its Affiliates, monetarily or otherwise. For purposes of this provision, no act, or failure to act, on the part of
Employee shall be considered “willful” unless done, or omitted to be done, by Employee in bad faith or without reasonable belief that Employee’s action or omission was in the best interests of the Company. Any act, or failure to act,
based upon authority given pursuant to a resolution duly adopted by the Board, upon the instructions of the Chief Executive Officer or another senior officer of the Company or based upon the advice of counsel for the Company shall be conclusively
presumed to be done, or omitted to be done, by the Company in good faith and in the best interests of the Company and its Affiliates. 
 (c) For purposes of this Agreement, “Good Reason” shall mean any of the following (without Employee’s express written consent): (i) a material diminution in Employee’s base salary
as of the day immediately preceding the Change in Control or (ii) the Company’s requiring Employee to be based at any office or location more than 50 miles from Employee’s principal office or location as of the day immediately
preceding the Change in Control. Notwithstanding the foregoing, Employee shall not have the right to terminate Employee’s employment hereunder for Good Reason unless (1) within 60 days of the initial existence of the condition or
conditions giving rise to such right Employee provides written notice to the Executive Vice President and Corporate Secretary of the Company of the existence of such condition or conditions, and (2) the Company fails to remedy such condition or
conditions within 30 days following the receipt of such written notice (the “Cure Period”). If any such condition is not remedied within the Cure Period, Employee must terminate Employee’s employment with the Company within a
reasonable period of time, not to exceed 30 days, following the end of the Cure Period. 
 4. Issuance of Shares. As soon
as practicable (but no later than 30 days) following the date an Awarded Restricted Stock Unit vests, the Company shall issue or transfer to Employee one Share in settlement of such Awarded Restricted Stock Unit and such Awarded Restricted Stock
Unit shall be canceled. 
 5. No Rights as Shareholder. Employee shall have no rights as a shareholder of the Company,
including, without limitation, voting rights or the right to receive dividends and distributions as a shareholder, with respect to the Shares subject to the Awarded Restricted Stock Units, unless and until such Shares are issued or transferred to
Employee as provided herein. 

  
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 6. Cash Dividend and Cash Distribution Equivalent Rights. The Company hereby awards
cash dividend and cash distribution equivalent rights to Employee with respect to the Awarded Restricted Stock Units. The cash dividend and cash distribution equivalent rights awarded to Employee under this Section 6 shall entitle Employee to
the payment, with respect to each Share that is subject to an Awarded Restricted Stock Unit that has not been canceled or forfeited, of an amount in cash equal to the amount of any cash dividend or other cash distribution paid by the Company with
respect to one Share while such Awarded Restricted Stock Unit remains outstanding. Such amount shall be paid to Employee by Employee’s employer on the date of the payment of the related cash dividend or cash distribution. 

7. Agreements Regarding Withholding Taxes. 
 (a) Employee shall make arrangements satisfactory to the Committee for the payment of taxes of any kind that are required by law to be withheld with respect to the Awarded Restricted Stock Units or the
cash dividend and cash distribution equivalent rights awarded under this Agreement, including, without limitation, taxes applicable to (i) the awarding of the Awarded Restricted Stock Units or the issuance or transfer of Shares in settlement
thereof, or (ii) the awarding of the cash dividend and cash distribution equivalent rights or the payments made with respect thereto. 
 (b) Unless and until the Committee shall determine otherwise and provide notice to Employee in accordance with Section 7(c) of this Agreement, any obligation of Employee under Section 7(a) of
this Agreement that arises with respect to the issuance or transfer of Shares in settlement of Awarded Restricted Stock Units that have become vested shall be satisfied by the Company withholding a portion of such Shares valued at their Fair Market
Value as of the date on which the taxable event that gives rise to the withholding requirement occurs. 
 (c) The Committee may
determine, after the Effective Date and on notice to Employee, to authorize one or more arrangements (in addition to or in lieu of the arrangement described in Section 7(b) of this Agreement) satisfactory to the Committee for Employee to
satisfy the obligation of Employee under Section 7(a) of this Agreement. 
 (d) If Employee does not, for whatever reason,
satisfy the obligation of Employee under Section 7(a) of this Agreement, then the Company and its Affiliates shall, to the extent permitted by law, have the right to deduct from any payments of any kind otherwise due to Employee the amount
required to satisfy the obligation of Employee under Section 7(a) of this Agreement. 
 8. Non-Assignability. This
Agreement is not assignable or transferable by Employee. No right or interest of Employee under this Agreement or the Plan may be assigned, transferred or alienated, in whole or in part, either directly or by operation of law (except pursuant to a
qualified domestic relations order within the meaning of Section 414(p) of the Code or a similar domestic relations order under applicable foreign law, either in such form as is acceptable to the committee), and no such right or interest shall
be liable for or subject to any debt, obligation or liability of Employee. 
 9. Defined Terms; Plan Provisions. Unless
the context clearly indicates otherwise, the capitalized terms used (and not otherwise defined) in this Agreement shall have the meanings assigned to them under the provisions of the Plan. By execution of this Agreement, Employee agrees that the
Awarded Restricted Stock Units and the cash dividend and cash distribution equivalent rights awarded under this Agreement shall be governed by and subject to all applicable provisions of the Plan. This Agreement is subject to the Plan, and the Plan
shall govern where there is any inconsistency between the Plan and this Agreement. 

  
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 10. Governing Law. This Agreement shall be governed by and construed and enforced in
accordance with the laws of the State of Texas, without regard to the principles of conflicts of laws thereof, except to the extent Texas law is preempted by federal law of the United States or by the laws of Switzerland. 

11. Binding Effect. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective
heirs, personal representatives, successors and permitted assigns. 
 12. Entire Agreement; Amendment. This Agreement,
together with any Schedules and Exhibits and any other writings referred to herein or delivered pursuant hereto, constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior
agreements and understandings, whether written or oral, between the parties with respect to the subject matter hereof. To the fullest extent provided by applicable law, this Agreement may be amended, modified and supplemented by mutual consent of
the parties hereto at any time, with respect to any of the terms contained herein, in such manner as may be agreed upon in writing by such parties. 
 13. Notices. All notices and other communications hereunder shall be in writing and shall be deemed given if directed in the manner specified below, to the parties at the following addresses and
numbers: 
 (a) If to the Company, when delivered by hand, confirmed fax or mail (registered or certified mail with postage
prepaid) to: 
 Noble Corporation 

Dorfstrasse 19A 
 6340 Baar 
 Switzerland 

Attention: Executive Vice President and Corporate Secretary 

Fax: 281-596-4486 
 With a copy to: 
 Chairman of Compensation Committee 

c/o Noble Corporation 
 Dorfstrasse 19A 
 6340 Baar 

Switzerland 
 Fax: 281-596-4486 

  
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 (b) If to Employee, when delivered by hand, confirmed fax or mail (registered or certified
mail with postage prepaid) to: 
 The address and number, if any, set forth opposite 

Employee’s signature below 
 Either party may at any time give to the other notice in writing of any change of address of the party giving such notice and from and after the giving of such notice the address or addresses therein
specified will be deemed to be the address of such party for the purposes of giving notice hereunder. 
 14.
Severability. If any provision of this Agreement is held to be unenforceable, this Agreement shall be considered divisible and such provision shall be deemed inoperative to the extent it is deemed unenforceable, and in all other respects this
Agreement shall remain in full force and effect; provided, however, that if any such provision may be made enforceable by limitation thereof, then such provision shall be deemed to be so limited and shall be enforceable to the maximum extent
permitted by applicable law. 
 15. Counterparts. This Agreement may be executed by the parties hereto in any number of
counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same agreement. Each counterpart may consist of a number of copies hereof each signed by less than all, but together signed by all, the parties
hereto. 
 16. Descriptive Headings. 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. 

17. Gender. Pronouns in masculine, feminine and neuter genders shall be construed to include any other gender, and words in the
singular form shall be construed to include the plural and vice versa, unless the context otherwise requires. 
 18.
References. 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. Whenever the words “include,” “includes” and “including” are used in this Agreement, such words shall be deemed to be followed by the words “without limitation.” 

19. Unfunded Awards. The awards made under this Agreement are unfunded and unsecured obligations and rights to provide or receive
compensation in accordance with the provisions of this Agreement, and to the extent that Employee acquires a right to receive compensation from the Company or an Affiliate pursuant to this Agreement, such right shall be no greater than the right of
any unsecured general creditor of the Company or such Affiliate. 
 20. Compliance with Code Section 409A. The
compensation payable to or with respect to Employee pursuant to this Agreement is intended to be compensation that is not subject to the tax imposed by Code Section 409A, and this Agreement shall be administered and construed to the fullest
extent possible to reflect and implement such intent. 

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

			
	NOBLE CORPORATION
		
	By:	 	 
	Name:	 	Julie J. Robertson
	Title:	 	 Executive Vice President
 and
Corporate Secretary

  

							
	Address and fax number, if any:	 		 	
		 		 		 	
		 		 		 	Employee
	 Dorfstrasse 19A
 6340
Baar
 Switzerland
 Fax:
281-596-4486
	 		 		 	

  
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 SCHEDULE I 
 NOBLE CORPORATION 
 RESTRICTED PERIODS 

FOR AWARD OF TIME-VESTED RESTRICTED STOCK UNITS 
 The Committee has determined that the following specified restricted time periods shall be applicable to the Awarded Restricted Stock Units awarded pursuant to the Agreement: 

 

	1.	Restricted Periods. 

  

	 	(i)	One-third of the Awarded Restricted Stock Units shall vest and no longer be subject to forfeiture on the first anniversary of the Effective Date; and

  

	 	(ii)	One-third of the Awarded Restricted Stock Units shall vest and no longer be subject to forfeiture on the second anniversary of the Effective Date; and

  

	 	(iii)	One-third of the Awarded Restricted Stock Units shall vest and no longer be subject to forfeiture on the third anniversary of the Effective Date.Form of Noble Corporation Nonqualified Stock Option Agreement

 Exhibit 10.3 
 NOBLE CORPORATION 
 NONQUALIFIED STOCK OPTION AGREEMENT 

THIS AGREEMENT, made as of the             day of
            , 201    , by and between NOBLE CORPORATION, a Swiss corporation (the “Company”), and «First_Name» «MI»
«Last_Name» (“Employee”); 
 W I T N E S S E T H: 

WHEREAS, the committee (the “Committee”) acting under the Company’s 1991 Stock Option and Restricted Stock Plan, as
amended (the “Plan”), has determined that it is desirable to grant a nonqualified stock option to Employee under the Plan; 
 WHEREAS, pursuant to the Plan, the Committee has determined that the option so awarded shall be subject to the restrictions, terms and conditions of this Agreement; 

NOW, THEREFORE, in consideration of the premises and mutual covenants and agreements herein contained, the receipt and sufficiency of
which are hereby acknowledged, the parties hereby agree as follows: 
 1. Grant of Option, Option Period and Terms of
Exercise of Option. On the terms and conditions hereinafter set forth, the Company hereby grants to Employee the option to purchase «Options» registered shares of the Company (“Shares”) at the price of
$            per share, in whole at any time or in part from time to time, for a period commencing one year from the date of this Agreement and terminating on the first to occur of
(i) the expiration of ten years from the date of this Agreement and (ii) the date Employee ceases for any reason to be employed by at least one of the employers in the group of employers consisting of the Company and its Affiliates (a
“termination of employment”); provided that the number of Shares purchasable hereunder in any period or periods of time during which the option evidenced hereby is exercisable shall be limited as follows: 

 

	 	(a)	«M_1st_Year» Shares are purchasable, in whole at any time or in part from time to time, commencing one year from the date of this Agreement,

  

	 	(b)	an additional «M_2nd_Year» Shares are purchasable, in whole at any time or in part from time to time, commencing two years from the date of this Agreement,
and 

  

	 	(c)	an additional «M_3rd_Year» Shares are purchasable, in whole at any time or in part from time to time, commencing three years from the date of this
Agreement. 

 If a termination of employment occurs after the date upon which the option first becomes exercisable and before the
date that is ten years from the date hereof for any reason other than Employee’s (i) death, Disability, Retirement or (ii) within three years after the occurrence of a Change in Control, by reason of (A) the Company’s
termination of Employee’s employment other than for Cause (as defined below) or (B) Employee’s termination of Employee’s employment for Good Reason (as defined below), then the option may be exercised, to the extent that Employee
was entitled to exercise it at the date of such termination of employment, at any time within six months after such termination 

  
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of employment but not after the expiration of the ten-year period, except that, in the event of a termination of employment of Employee for Cause, the option shall be null and void for all
purposes, effective as of such date of termination. Additionally, if a termination of employment occurs after the date upon which the option first becomes exercisable and before the date that is ten years from the date hereof by reason of
(1) Employee’s death, Disability or Retirement or (2) within three years after the occurrence of a Change in Control, by reason of (y) the Company’s termination of Employee’s employment other than for Cause or
(z) Employee’s termination of Employee’s employment for Good Reason, then the option, including any then unvested Shares all of which shall be automatically accelerated, may be exercised at any time within five years after such
termination of employment but not after the expiration of the ten-year period. 
 Transfer of employment without interruption of
service between or among the Company and any of its Affiliates shall not be considered a termination of employment. Notwithstanding anything contained in this Agreement to the contrary, no fractional Shares may be purchased upon exercise of the
option. 
 For purposes of this Agreement, “Cause” shall mean (i) the willful and continued failure of Employee
to perform substantially Employee’s duties for the Company (other than any such failure resulting from bodily injury or disease or any other incapacity due to mental or physical illness) after a written demand for substantial performance is
delivered to Employee by the Executive Vice President and Corporate Secretary of the Company, which specifically identifies the manner in which the Company believes Employee has not substantially performed Employee’s duties; or (ii) the
willful engaging by Employee in illegal conduct or gross misconduct that is materially and demonstrably detrimental to the Company and/or its Affiliates, monetarily or otherwise. For purposes of this provision, no act, or failure to act, on the part
of Employee shall be considered “willful” unless done, or omitted to be done, by Employee in bad faith or without reasonable belief that Employee’s action or omission was in the best interests of the Company. Any act, or failure to
act, based upon authority given pursuant to a resolution duly adopted by the Board, upon the instructions of the Chief Executive Officer or another senior officer of the Company or based upon the advice of counsel for the Company shall be
conclusively presumed to be done, or omitted to be done, by the Company in good faith and in the best interests of the Company and its Affiliates. 
 For purposes of this Agreement, “Good Reason” shall mean any of the following (without Employee’s express written consent): (i) a material diminution in Employee’s base salary as
of the day immediately preceding the Change in Control or (ii) the Company’s requiring Employee to be based at any office or location more than 50 miles from Employee’s principal office or location as of the day immediately preceding
the Change in Control. Notwithstanding the foregoing, Employee shall not have the right to terminate Employee’s employment hereunder for Good Reason unless (1) within 60 days of the initial existence of the condition or conditions giving
rise to such right Employee provides written notice to the Executive Vice President and Corporate Secretary of the Company of the existence of such condition or conditions, and (2) the Company fails to remedy such condition or conditions within
30 days following the receipt of such written notice (the “Cure Period”). If any such condition is not remedied within the Cure Period, Employee must terminate Employee’s employment with the Company within a reasonable period of time,
not to exceed 30 days, following the end of the Cure Period. 

  
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 2. Agreement of Employee Regarding Employment. Employee hereby agrees to serve the
Company or Affiliate by performing the duties now assigned to Employee or such other duties as may hereafter be assigned to Employee, at Employee’s present salary, with such increases and bonuses, if any, as the Company or Affiliate may
authorize, for a period of at least one year from the date hereof. There is no obligation on the part of the Company or Affiliate to continue Employee’s employment for said one-year period or for any period, and nothing in this Agreement shall
in any way interfere with the right of the Company or any Affiliate to terminate the employment of Employee at any time, with or without Cause. 
 3. Requirement of Employment. Except as provided in Paragraph 1 hereof, the option may not be exercised unless Employee is, at the time of exercise, an employee of the Company or an Affiliate.

 4. Exercise of Option. 
 (a) The option may be exercised by notice to the Company signed by Employee which 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. The purchase price may be paid in cash or by certified check or cashier’s check or, if permitted by the Committee, in whole or in part, by the surrender of issued and outstanding Shares (including an actual or
deemed multiple series of exchanges of such Shares) which shall be credited against the purchase price at the Fair Market Value of the Shares surrendered on the date of exercise of the option. 

(b) Promptly after demand by the Company, and at its direction, Employee shall pay to the Company or the appropriate
Affiliate an amount equal to the applicable withholding taxes due in connection with the grant, vesting and/or exercise of the option. Such withholding taxes may be paid in cash or by certified check or cashier’s check or, subject to the
further provisions of this Paragraph 4(b), in whole or in part, by having the Company withhold from the Shares otherwise issuable upon exercise of the option a number of Shares having a value equal to the amount of such withholding taxes or by
surrendering to the Company or the appropriate Affiliate a number of issued and outstanding Shares having a value equal to the amount of such withholding taxes. The value of any Shares so withheld by or surrendered to the Company or the appropriate
Affiliate shall be based on the Fair Market Value of such Shares on the date on which the option is exercised (in the case of a withholding of Shares) or the date (which shall not be earlier than the date of the event requiring withholding) on which
the Shares are surrendered (in the case of a surrender of Shares). Employee shall pay to the Company or the appropriate Affiliate in cash or by certified check or cashier’s check the amount, if any, by which the amount of such withholding taxes
exceeds the value of the Shares so withheld or surrendered. Any election by Employee to have Shares withheld or to surrender Shares to pay withholding taxes must be made in writing at or prior to the time of exercise of the option (in the case of a
withholding of Shares) or at or prior to the time of surrender of the Shares (in the case of a surrender of Shares). 

  
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 (c) Notwithstanding anything contained in this Agreement to the contrary, at
the request of Employee and to the extent permitted by applicable law, the Committee may, in its sole and absolute discretion, selectively approve arrangements with a brokerage firm or firms under which any such brokerage firm shall, on behalf of
Employee, make payment in full to the Company of the aggregate purchase price of the Shares then being purchased upon exercise of the option, and the Company, pursuant to an irrevocable notice in writing from Employee, shall make prompt delivery of
the purchased Shares to or on behalf of Employee. Payment in full for purposes of the immediately preceding sentence shall mean payment of the full amount due, either in cash or by certified check or cashier’s check. Any arrangements shall be
subject to such rules and regulations as the Committee may adopt in connection therewith. 
 5. Delivery Upon Exercise of
Option. Delivery of the appropriate number of Shares to or on behalf of Employee shall be made as promptly as practicable after receipt by the Company of notice of exercise and payment in full of the purchase price and, if required, the amount
of any withholding taxes; provided, however, that the Company shall have such time as is necessary to qualify or register such Shares under any applicable law or governmental rule or regulation or list such Shares on any securities exchange on which
the Shares are listed. 
 6. Transferability. 

(a) Except as otherwise provided in Paragraph 6(b) below, the option evidenced hereby is not transferable otherwise than
by will or by the laws of descent and distribution, or the rules thereunder, and may be exercised during the life of Employee only by Employee. 
 (b) Notwithstanding Paragraph 6(a), the option evidenced hereby may be transferred, in whole or in part, by Employee (i) by gift to the Immediate Family Members (as defined in Paragraph 6(c) below)
of Employee, partnerships whose only partners are Employee or the Immediate Family Members of Employee, limited liability companies whose only shareholders or members are Employee or the Immediate Family Members of Employee, and trusts established
solely for the benefit of Employee or the Immediate Family Members of Employee, or (ii) to any other persons or entities in the discretion of the Committee; provided, that any subsequent transfers of a transferred option shall be prohibited
except those in accordance with Paragraph 6(a). Following transfer, any such option shall continue to be subject to the same terms and conditions as were applicable immediately prior to transfer; provided, that for purposes of this Agreement, the
term “Employee” (except as used in the next succeeding sentence) shall be deemed to refer to the transferee. The events of any termination of employment set forth in Paragraph 1 above shall continue to be applied with respect to Employee,
following which any transferred options shall be exercisable by the transferee only to the extent, and for the periods, specified in Paragraph 1 above. 

  
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 (c) “Immediate Family Members” as used in this Agreement shall
have the meaning assigned thereto under the Plan, i.e., the spouse, former spouse, children (including stepchildren) or grandchildren of an individual. 
 7. Defined Terms. Unless the context clearly indicates otherwise, the capitalized terms used (and not otherwise defined) in this Agreement shall have the meanings assigned to them under the
provisions of the Plan. 
 8. Plan Provisions. By execution of this Agreement, Employee agrees that the option and the
Shares to be received upon exercise of the option shall be governed by and subject to all applicable provisions of the Plan. This Agreement is subject to the Plan, and the Plan shall govern where there is any inconsistency between the Plan and this
Agreement. 
 9. Construction. The option evidenced hereby is not an incentive stock option under Section 422 of the
Code. The headings of the paragraphs of this Agreement are inserted for convenience only and shall not constitute a part hereof. This Agreement is governed by, and shall be construed and enforced in accordance with, the laws of the State of Texas,
without regard to the principles of conflicts of laws thereof, except to the extent Texas law is preempted by Federal law of the United States or by the laws of Switzerland. 
 10. Notices. All notices and other communications hereunder shall be in writing and shall be deemed given if directed in the manner specified below, to the parties at the following addresses and
numbers: 
 (a) If to the Company, when delivered by hand, confirmed fax or mail (registered or certified mail with postage
prepaid) to: 
 Noble Corporation 

Dorfstrasse 19A 
 6340 Baar 
 Switzerland 

Attention: Executive Vice President and Corporate Secretary 

Fax: 281-596-4486 
 With a copy to: 
 Chairman of Compensation Committee 

c/o Noble Corporation 
 Dorfstrasse 19A 
 6340 Baar 

Switzerland 
 Fax: 281-596-4486 

  
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 (b) If to Employee, when delivered by hand, confirmed fax or mail (registered or certified
mail with postage prepaid) to: 
 The address and number, if any, set forth opposite 

Employee’s signature below 
 Either party may at any time give to the other notice in writing of any change of address of the party giving such notice and from and after the giving of such notice the address or addresses therein
specified will be deemed to be the address of such party for the purposes of giving notice hereunder. 
 IN WITNESS WHEREOF, the
parties hereto have executed this Agreement as of the date first above written. 
  

			
	NOBLE CORPORATION
		
	By	 	 
	Name:	 	Julie J. Robertson
	Title:	 	 Executive Vice President
 and
Corporate Secretary

 Employee address: 

							
				
		 		 		 	 
		 		 		 	«First_Name» «MI» «Last_Name»
		 		 		 	
				
		 		 		 	

  
 6

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