First Amendment to the Phillips 66 Defined Contribution Make-Up Plan Title II

EX-10.1 2 psx-2019331_ex101.htm EXHIBIT 10.1 Exhibit

Exhibit 10.1

First Amendment

to the

Phillips 66 Defined Contribution Make-Up Plan (Title II)


1.	Section 1(u) is amended and restated as follows:

“(u) “Plan Administrator” shall mean the Manager, Total Awards of the Company, or such person’s successor.”


2.	Section 1(ee) is amended and restated as follows:

“(ee) “Supplemental Thrift Contributions” shall mean an amount equal to 6% of the amount of the Participant’s DCMP Pay for a Plan Year that is in excess of the Participant’s Pay for such Plan Year.”


3.	The last sentence of Section 4 is amended and restated as follows:

“The Benefit amount so credited shall equal 6% of the amount by which the Highly Compensated Employee’s DCMP Pay for that payroll period exceeds his or her Pay for that payroll period.”

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