Third Amendment to Amended and Restated Aircraft Time Sharing Agreement between Marathon Petroleum Company LP and Michael J. Hennigan
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Summary
This amendment updates the existing Aircraft Time Sharing Agreement between Marathon Petroleum Company LP and Michael J. Hennigan. The main change is the replacement of Exhibit A, which lists the specific aircraft covered by the agreement. All other terms of the original agreement remain unchanged and in effect. The amendment is effective as of January 10, 2025, and is signed by both parties.
EX-10.2 3 mpc-2025331xex102.htm EX-10.2 Document
Exhibit 10.2
THIRD AMENDMENT
TO
AMENDED AND RESTATED AIRCRAFT TIME SHARING AGREEMENT
THIS THIRD AMENDMENT TO AMENDED AND RESTATED AIRCRAFT TIME SHARING AGREEMENT ("Amendment") is entered into this 10th day of January 2025, by and between Marathon Petroleum Company LP, a Delaware limited partnership (hereinafter "Operator"), and Michael J. Hennigan, an individual (hereinafter "Executive").
WHEREAS, Operator and Executive entered into that certain "Amended and Restated Aircraft Time Sharing Agreement" dated August 14, 2024, as amended (the "Agreement"); and
WHEREAS, Operator and Executive desire to amend the Agreement in certain respects.
NOW, THEREFORE, in consideration of the premises and of the mutual covenants and agreements hereinafter set forth to be kept and performed by the parties hereto, it is mutually covenanted and agreed as follows:
1. Exhibit A to the Agreement is hereby deleted in its entirety and replaced with the attached Exhibit A.
2. Except as hereinabove amended, the Agreement remains in full force and effect as the binding obligation of both Operator and Executive in accordance with its terms, as amended herein.
IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed as of the day and year first written above.
MARATHON PETROLEUM COMPANY LP | MICHAEL J. HENNIGAN | |||||||||||||
| By: MPC Investment LLC, its General Partner | ||||||||||||||
| By: | /s/ Fiona C. Laird | By: | /s/ Michael J. Hennigan | |||||||||||
| Name: | Fiona C. Laird | Michael J. Hennigan, Individually | ||||||||||||
Title: | CHRO and SVP Communications | |||||||||||||
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| Exhibit A | |||||||||||
| Description of Aircraft | |||||||||||
Aircraft Make and Model | FAA Registration Number | Aircraft Serial Number | Primary Aircraft Base | ||||||||
| Bombardier Challenger 350 | N424MP | 20594 | KFDY | ||||||||
| Bombardier Challenger 3500 | N425MP | 21017 | KSAT | ||||||||
| Bombardier Challenger 3500 | N426MP | 21024 | KFDY | ||||||||
| Bombardier Challenger 3500 | N427MP | 21034 | KFDY | ||||||||
| Gulfstream G450 | N457MP | 4320 | KFDY | ||||||||
| Gulfstream G450 | N459MP | 4327 | KFDY | ||||||||
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