This excerpt taken from the MRO 10-K filed Feb 27, 2009.
Executive Change in Control Severance Benefits PlanSTYLE="margin-top:12px;margin-bottom:0px" ALIGN="center">(Effective as of December 31, 2008)
SIZE="2">1. Purpose of the Plan.
Marathon Oil Corporation and its subsidiaries and affiliates recognize that the contributions of
FACE="Times New Roman" SIZE="2">Accordingly, the Board has determined that appropriate steps should be taken to reinforce and encourage the continued attention and dedication of the Corporations senior executives to their assigned duties
SIZE="2">In order to induce senior executives to remain in the employ of the Corporation, the Corporation has established this Marathon Oil Corporation Executive Change in Control Severance Benefit Plan (the Plan) as set forth herein.
In accordance with the Policy Concerning Severance Agreements with Senior Executive Officers adopted by the Corporation effective