THIS RETIREMENT AGREEMENT (“Agreement”) entered into as of this 18th day of September 2007,
by and between CARNIVAL CORPORATION, a corporation organized under the laws of the Republic of Panama
(the “Corporation”), and ROBERT H. DICKINSON, residing in the County of Miami-Dade, State of Florida (the
W I T N E S S E T H:
WHEREAS, the Corporation has derived substantial profits and benefits as a result of the Employee’s
WHEREAS, Employee has decided to retire from the Corporation and resign from his employment; and
WHEREAS, the Corporation wishes to reward Employee for his past contributions during his full-time
employment with the Corporation.
NOW, THEREFORE, in consideration of the premises and the mutual covenants hereinafter set forth,
the parties hereto agree as follows:
1. Employee hereby resigns from his employment with the Corporation effective November 30, 2007.
As a result, Employee’s last day to report to work shall be November 30, 2007 (“Separation Date”).
2. Except as otherwise stated herein, after the Separation Date, all employee benefits shall cease
including medical and dental benefits, accidental death and dismemberment coverage, stock option grants, life
insurance coverage, long term disability coverage, benefit time, car lease and other travel benefits. The
Corporation will assist the Employee with the procurement by him, at his sole cost and expense, of a medical
insurance policy covering the Employee and his spouse.
3. In consideration for execution of this Agreement, Employee shall receive a one time -payment of
$250,000.00 payable in a lump sum on November 30, 2007 or upon expiration of the waiting period set forth in the
last paragraph of this Agreement, whichever occurs later, which is intended to be applied to post-retirement
expenses of the Employee, such as renting an office, retaining an assistant, acquiring an automobile, and other
items in his discretio