Amendment No. 2011-1 to Sunoco, Inc. Executive Involuntary Deferred Compensation Plan
This amendment, effective January 1, 2011, modifies the Sunoco, Inc. Executive Involuntary Deferred Compensation Plan. It adds a new section clarifying that Article II of the plan applies only to the performance year ending December 31, 2010. After all deferrals for that year are either paid or forfeited, Article II will be deleted and will no longer have any effect. The amendment ensures that the deferral requirements do not apply to future performance years.
Exhibit 10.12.1
Exhibit B
Resolution No. Res.-01
SUNOCO, INC.
EXECUTIVE INVOLUNTARY DEFERRED COMPENSATION PLAN
Amendment No. 2011-1
| 1. | New Section 2.3 is added , as follows, effective January 1, 2011: |
“2.3 Transition from Deferral Requirement. Notwithstanding the foregoing, Article II in its entirety is effective only with respect to the Performance Year ended December 31, 2010, and after all deferrals are paid or forfeited with respect to such Performance Year, such Article II shall be deleted and of no further force and effect.
