Schedule 2.1 to Deferred Compensation and Benefits Trust Agreement – Sunoco, Inc.

Contract Categories: Human Resources › Retirement Agreements
Summary

This schedule lists the Sunoco, Inc. benefit plans and executive arrangements covered by the Deferred Compensation and Benefits Trust Agreement. It includes several retirement, deferred compensation, and severance plans, as well as indemnification agreements for named executives, with a total funding cap of $5 million for indemnification. The schedule also notes specific retirement dates for certain executives. The agreement ensures these plans and obligations are funded and administered according to their terms for eligible employees and executives.

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EX-10.4 5 dex104.htm SCHEDULE 2.1 TO THE DEFERRED COMPENSATION AND BENEFITS TRUST AGREEMENT Schedule 2.1 to the Deferred Compensation and Benefits Trust Agreement

Exhibit 10.4

Schedule 2.1 to the Deferred Compensation and Benefits Trust Agreement

Benefit Plans and Other Arrangements Subject to Trust

(1) Sunoco, Inc. Executive Retirement Plan (“SERP”);

(2) Sunoco, Inc. Deferred Compensation Plan;

(3) Sunoco, Inc. Pension Restoration Plan;

(4) Sunoco, Inc. Savings Restoration Plan.

(5) Sunoco, Inc. Special Executive Severance Plan;

(6) The funding of the Sunoco, Inc. Special Employee Severance Plan necessary to provide benefits in accordance with the terms of such Plan to only those employees then in grades 11 through 13.

(7) The entire funding for all the Indemnification Agreements with the executives set forth below shall be Five Million Dollars ($5,000,000) in the aggregate:

 

(a)    Michael J. Colavita

  

(l)     Michael S. Kuritzkes

(b)    John F. Carroll

  

(m)   Joel H. Maness 2

(c)    Terence P. Delaney

  

(n)    Michael J. McGoldrick

(d)    Michael H. R. Dingus 1

  

(o)    Ann C. Mulé

(e)    John G. Drosdick 3

  

(p)    Paul A. Mulholland

(f)     Lynn L. Elsenhans

  

(q)    Rolf D. Naku

(g)    Bruce G. Fischer

  

(r)     Marie A. Natoli

(h)    Michael J. Hennigan

  

(s)    Robert W. Owens

(i)     Thomas W. Hofmann

  

(t)     Alan J. Rothman

(j)     Vincent J. Kelley

  

(u)    Michael J. Thomson

(k)    Joseph P. Krott

  

(v)    Charles K. Valutas 4

NOTES:

1. Mr. Dingus retired as a Senior Vice President of Sunoco, Inc., effective June 1, 2008.
2. Mr. Maness stepped down as an Executive Vice President of Sunoco, Inc., effective July 9, 2007. He continued on a part-time basis as Strategic Advisor on refining and supply issues reporting directly to the Company’s President, until his retirement from the Company, effective January 1, 2008.
3. Mr. Drosdick retired as Chief Executive Officer and President of Sunoco, Inc., effective August 8, 2008.
4. Mr. Valutas retired as a Senior Vice President of Sunoco, Inc., effective September 1, 2008.