EX-10.3
from 8-K
5 pages
1.1 Purpose. Schlumberger Limited, a Curaçao Corporation (The “Company”), Established This 2004 Stock and Deferral Plan for Non-Employee Directors (As Amended to Date, the “Plan”) for the Purpose of Providing Non-Employee Directors of the Company With Regular Grants of Shares of the Common Stock of the Company (Or Units Representing the Right to Receive Such Shares) and the Opportunity to Defer a Portion of Their Compensation, in Order to Provide Greater Incentives for Those Non-Employee Directors to Attain and Maintain the Highest Standards of Performance, to Attract and Retain Non-Employee Directors of Outstanding Competence and Ability, to Stimulate the Active Interest of Such Persons in the Development and Financial Success of the Company, to Further the Identity of Interests of Such Non-Employee Directors With Those of the Company’s Stockholders Generally, and to Reward Such Non-Employee Directors for Outstanding Performance. the Plan Was Originally Established Effective April 14, 2004 and Approved by the Stockholders of the Company at Their April 2004 Annual General Meeting. Effective April 19, 2007, the Plan Was Amended and Restated to Allow a Non-Employee Director to Defer the Payment of Part or All of His or Her Cash Compensation (As Defined in Section 1.2). Effective January 19, 2012, the Plan Was Amended and Restated to Incorporate Previous Amendments to the Plan and to Make Certain Other Amendments, Including Increasing the Number of Shares Available for Grant Under the Plan. Effective January 17, 2019, the Plan Was Amended and Restated to Incorporate Previous Amendments to the Plan and to Make Certain Other Amendments, Including Increasing the Number of Shares Available for Grant Under the Plan. the Plan Is Hereby Amended and Restated Effective January 21, 2021. 1.2 Definitions
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