Amendment No. 2012-2 to Sunoco Partners LLC Executive Involuntary Severance Plan
This amendment updates the eligibility requirements for the Sunoco Partners LLC Executive Involuntary Severance Plan. It states that, to receive severance benefits, an executive must have been employed by the company on October 5, 2012, and their employment must be involuntarily terminated by the company on or after that date, except in cases of just cause, death, or disability. Executives already receiving benefits under a separate special severance plan are not eligible for benefits under this plan.
Exhibit 10.2
SUNOCO PARTNERS LLC
EXECUTIVE INVOLUNTARY SEVERANCE PLAN
Amendment No. 2012-2
Section 3.1 of the Plan is amended in its entirety effective October 5, 2012:
“Section 3.1 General Eligibility Requirement. In order to receive a Benefit under this Plan, a Participant must have been employed by the Company on October 5, 2012 and his employment must be terminated by the Company on or after October 5, 2012 other than for Just Cause, death or Disability; provided, however, that any Participant who is receiving benefits under the Sunoco Partners LLC Special Executive Severance Plan shall not also be eligible to receive any Benefit under this Plan.”
