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MRO » Topics » MARATHON OIL COMPANY

This excerpt taken from the MRO 10-K filed Feb 27, 2009.

MARATHON OIL COMPANY

FACE="Times New Roman" SIZE="2">DEFERRED COMPENSATION PLAN

This document contains the provisions of the Marathon Oil Company
Deferred Compensation Plan (the “Plan”) as of January 1, 2009, and shall apply only to Accounts that are not fully distributed as of such date, including 409A Deferrals and Grandfathered Deferrals that are exempt from Code section
409A.

With respect to the 409A Deferrals, the Plan, as amended and restated, is intended to conform to the requirements of Code section
409A and the regulations thereunder, and, in all respects, shall be administered and construed in accordance with such requirements. With respect to the Grandfathered Deferrals, the Plan, as amended and restated, does not represent a material
enhancement of the benefits or rights available under the Plan on October 3, 2004.

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