SEC Contract Filing

Filing Date: 2016-02-25

Document Content:
<DOCUMENT>
<TYPE>EX-10.44
<SEQUENCE>3
<FILENAME>ne-ex1044_1001.htm
<DESCRIPTION>EX-10.44
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ne-ex1044_1001.htm
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.44</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">NOBLE CORPORATION</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">TIME-VESTED RESTRICTED STOCK UNIT AWARD</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">THIS INSTRUMENT (the &#8220;Instrument&#8221;), made as of the ____ <font style="color:#000000;">day of __________</font>, 2016, by Noble Corporation plc, a public limited company incorporated under the laws of England and Wales (the &#8220;Company&#8221;) evidences the time-vested Restricted Stock Units (as defined in the Plan) awarded hereunder to <font style="color:#000000;">_______________ (&#8220;Employee</font>&#8221;) and sets forth the restrictions, terms and conditions that apply thereto.</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">W I T N E S S E T H:</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the committee (the &#8220;Committee&#8221;) acting under the Company&#8217;s 2015 Omnibus Incentive Plan, as amended (the &#8220;Plan&#8221;), has determined that it is desirable to award time-vested Restricted Stock Units to Employee pursuant to the Plan; and</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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 set forth in this Instrument;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">NOW, THEREFORE, the award of time-vested Restricted Stock Units is hereby granted to Employee as follows:</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;;font-style:normal;font-size:12pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">1.<font style="margin-left:36pt;"></font><font style="font-style:italic;">Time-Vested Restricted Stock Unit Award</font>.<font style="font-style:italic;">&nbsp;&nbsp;</font>On the terms and conditions and subject to the restrictions, including forfeiture, hereinafter set forth, the Company hereby awards __________________ Restricted Stock Units (the &#8220;Awarded Restricted Stock Units&#8221;) to Employee pursuant to the Plan.&nbsp;&nbsp;The Awarded Restricted Stock Units are being awarded to Employee effective as of the date of this Instrument (the &#8220;Effective Date&#8221;), and shall vest or be forfeited in accordance with (and otherwise be subject to) the provisions of this Instrument.&nbsp;&nbsp;The Awarded Restricted Stock Units are being awarded to Employee without the payment of any cash consideration by Employee, except that payment of nominal value in respect of the Shares hereunder may be required by the Committee or pursuant to procedures of the Committee in respect of the allotment and issuance, transfer or delivery of such Shares.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;;font-style:normal;font-size:12pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">2.<font style="margin-left:36pt;"></font><font style="font-style:italic;">Vesting and Forfeiture.</font>&nbsp;&nbsp;Except as set forth in Section 3 of this Instrument, the Awarded Restricted Stock Units shall vest and the forfeiture restrictions applicable to them under this Instrument 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.&nbsp;&nbsp;Any Awarded Restricted Stock Units that have not already vested shall be forfeited by Employee upon the termination of Employee&#8217;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&#8217;s termination of Employee&#8217;s employment other than for Cause (as defined below) or (B) Employee&#8217;s termination of Employee&#8217;s employment for Good Reason (as defined below).&nbsp;&nbsp;For purposes of this Instrument, 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.</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%