EX-10.28 2 a2152323zex-10_28.htm EXHIBIT 10.28
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Exhibit 10.28


Director Compensation

        Effective January 1, 2005, Marathon Oil Corporation will pay its non-employee directors as follows:

Annual Retainer   $60,000

Annual Non-Retainer Common Stock Unit Award

 

$60,000

Committee Membership Fee

 

$5,000
($10,000 for audit committee chair)
($6,000 for other committee chairs)

Meeting Fee (for board or committee attendance)

 

$2,000

        In addition to the annual retainer, Marathon will pay its Chairman of the Board, Mr. Usher, a chairman's fee of $240,000 in 2005. The chairman does not receive meeting fees for his attendance.




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Director Compensation