Amendment to Deferred Compensation and Excess Benefit Plans for Reassigned Employees to Pilot Travel Center LLC

Contract Categories: Human Resources › Compensation Agreements
Summary

This amendment involves Marathon Ashland Petroleum LLC, Speedway SuperAmerica LLC, and Pilot Travel Center LLC. Effective January 1, 2002, employees reassigned from MAP or SSA to Pilot Travel Center LLC can keep their accounts in the Deferred Compensation and Excess Benefit Plans without being required or allowed to take distributions solely because of their reassignment. The amendment ensures continued plan participation for these employees despite their transfer.

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EX-10.33 12 h32018exv10w33.htm PILOT JV AMENDMENT TO DEFERRED COMPENSATION PLANS AND EXCESS BENEFITS PLANS exv10w33  

Exhibit 10.33
Recommendations:
It is recommended that effective January 1, 2002, the Marathon Ashland Petroleum LLC Deferred Compensation Plan, the Speedway SuperAmerica LLC Deferred Compensation Plan, the MAP Excess Benefit Plan, and the SSA Excess Benefit Plan all be amended to permit reassigned employees from MAP or SSA to the Pilot Travel Center LLC to continue to maintain their accounts in these plans with no distribution required or permitted solely due to the reassignment to Pilot.
         
Reviewed:
       
 
        
 
       
Law
  Date    
 
        
 
       
Tax
  Date    
 
        
Approved:
        
 
        
     /s/ R.P. Nichols                                                                                            
       
 
       
R. P. Nichols
  Date    
Vice President Human Resources