Amended Schedule 2.1 to Sunoco, Inc. Directors' Deferred Compensation and Benefits Trust Agreement
This amended schedule lists the benefit plans and arrangements covered by the Directors' Deferred Compensation and Benefits Trust Agreement for Sunoco, Inc. It includes two deferred compensation plans for directors, funding provisions for indemnification agreements with specific directors in the event of a change in control, and benefits for former directors or their beneficiaries under the company's retirement plan. The schedule specifies a $5 million aggregate funding upon a potential change in control and additional amounts as needed upon an actual change in control.
Exhibit 10.16
Schedule 2.1
to the
Directors’ Deferred Compensation and Benefits
Trust Agreement
Benefit Plans and Other Arrangements Subject to Trust
(1) Sunoco, Inc. Directors’ Deferred Compensation Plan I;
(2) Sunoco, Inc. Directors’ Deferred Compensation Plan II;
(3) The entire funding for all the Indemnification Agreements with the directors set forth below shall be Five Million Dollars ($5,000,000.00) in the aggregate upon a Potential Change in Control, and an amount upon a Change in Control calculated on the basis of the Indemnification Agreements with the following directors:
(a) Robert J. Darnall
(b) Ursula O. Fairbairn
(c) Thomas P. Gerrity
(d) Rosemarie B. Greco
(e) James G. Kaiser
(f) Richard H. Lenny
(g) R. Anderson Pew
(h) G. Jackson Ratcliffe
(i) John W. Rowe
(j) John K. Wulff
(4) Benefits payable to former directors of the Company (or their beneficiaries) in pay status as of the date of termination of the Sunoco, Inc. Non-Employee Directors’ Retirement Plan.
