AMENDED AND RESTATED
CARNIVAL CORPORATION & PLC
MANAGEMENT INCENTIVE PLAN FOR EXECUTIVE OFFICERS
This Carnival Corporation & plc Management Incentive Plan for Executive Officers (the “ Plan ”) is designed to focus the
attention of the “ Executive Officers ” (as defined by Rule 16a-1 of the Securities Exchange Act) of Carnival Corporation & plc
(the “ Corporation ”) on achieving outstanding performance results as reflected in the operating income of the Corporation, as
well as other relevant measures.
2. PLAN ADMINISTRATION
The administrators of the Plan are the Compensation Committees of the Boards of Directors of the Corporation (the “
Committees ”). The Committees shall have sole discretion in resolving any questions regarding the administration or terms of
the Plan not addressed in this document, as well as in resolving any ambiguities that may exist in this document.
3. PLAN YEAR
The “ Plan Year ” shall be the 12-month period ending November 30 of each year.
All Executive Officers of the Corporation who are not employed by an operating unit shall be eligible to participate in the Plan.
In their discretion, the Committees may select other employees to participate in the Plan or establish separate criteria to
determine the bonus of specified employees.
Persons who commence employment or are promoted to the status of an Executive Officer following the beginning of the Plan
Year may, with the approval of the Committees, be allowed to participate in the Plan.
In order to receive a cash bonus under the Plan, a participant must be employed by the Corporation or one of its subsidiaries on
the day the bonus is paid; provided, however, that if a participant is on a leave of absence that does not meet the requirements
of The Family and Medical Leave Act of 1993 on the day the bonus is paid to the other participants, such bonus shall not be
payable until the participant returns to active duty. The only exceptions to this requirement are for