FIFTH AMENDMENT TO THE TRUST AGREEMENT UNDER THE CONOCOPHILLIPS COMPANY GRANTOR TRUSTAGREEMENT
Exhibit 10.17.8
FIFTH AMENDMENT TO THE TRUST AGREEMENT UNDER THE
CONOCOPHILLIPS COMPANY
GRANTOR TRUST AGREEMENT
WHEREAS, Phillips Petroleum Company (now ConocoPhillips Company, hereinafter Company) and Wachovia Bank, National Association (now Wells Fargo Bank, N.A., hereinafter the Trustee) entered into an amended and restated trust agreement as of June 1, 1998, subsequently amended as of May 3, 1999, as of January 15, 2002, as of October 5, 2006, and as of May 1, 2012 (the Trust Agreement), establishing a trust (the Trust) for the purpose of holding monies and other property in connection with certain nonqualified deferred compensation plans maintained by the Company (the Plans); and
WHEREAS, pursuant to Section 14(a) of the Trust Agreement, the Trust Agreement may be amended by a written instrument executed by the Trustee and the Company;
NOW, THEREFORE, the Trust Agreement is amended, effective May 1, 2015, as follow:
1. | The fourth sentence of Section 2(c) of the Trust Agreement is amended and restated in its entirety to provide as follows: |
In the event the Company makes such payments directly, the Company may request the Trustee within sixty (60) months of the making of the payment to reimburse the Company for such payment from the Trust, and upon receipt of evidence satisfactory to the Trustee that such payment has been made, the Trustee shall pay such reimbursement to the Company. |
The Trust Agreement is in all other respects ratified and confirmed without amendment.
IN WITNESS WHEREOF, this amendment to the Trust Agreement has been executed on behalf of the parties hereto on the 20 day of May, 2015.
CONOCOPHILLIPS COMPANY | WELLS FARGO BANK, N.A. | |||||||
By: | /s/ Jeff W. Sheets | By: | /s/ Andy Franck | |||||
Jeff W. Sheets | ||||||||
Its: | Executive Vice President, Finance, | Its: | Vice President | |||||
And Chief Financial Officer | ||||||||
ATTEST | ATTEST | |||||||
By: | /s/ Leisa C. Munoz | By: | /s/ Tonya M. Inscore | |||||
Leisa C. Munoz | ||||||||
Its: | Assistant Secretary | Its: | Senior Vice President |