MARATHON PETROLEUM
THRIFT PLAN
Restatement effective January 1, 2016

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TABLE OF CONTENTS

Page

 
 
 
Article I.
Purpose
1

Article II.
Eligibility
1

Article III.
Joining the Plan
3

Article IV.
Classes of Membership
3

Article V.
Member Contributions
6

Article VI.
Matching Contributions
14

Article VII.
Maximum Contributions Limitation
14

Article VIII.
Accounting and Investment of Funds
16

Article IX.
Transfers
19

Article X.
Stock Options, Rights or Warrants
20

Article XI.
Vesting
20

Article XII.
Change of Control Provisions
22

Article XIII.
In-Service Withdrawals
24

Article XIV.
Withdrawals After Separation From Service
28

Article XV.
Settlement Options
31

Article XVI.
Beneficiary
34

Article XVII.
Loans and Assignability
36

Article XVIII.
Trustee
37

Article XIX.
Plan Year
37

Article XX.
Claims Procedures
37

Article XXI.
Administration of the Plan
40

Article XXII.
Participation by Other Employers and Employees
43

Article XXIII.
Top-Heavy Provisions
43

Article XXIV.
Modification and Termination
43

Article XXV.
Effective Date of the Plan
46

APPENDIX A:
SERVICE CREDIT FOR FORMER AFFILIATED COMPANIES
1

APPENDIX B:
TOP-HEAVY PROVISIONS
1

APPENDIX C:
SERVICE WITH ACQUIRED COMPANIES
1

APPENDIX D:
MINIMUM DISTRIBUTION REQUIREMENTS
1

APPENDIX E:
RULES GOVERNING ROTH DEFERRAL CONTRIBUTIONS
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MARATHON PETROLEUM
THRIFT PLAN
ARTICLE I. PURPOSE
The purpose of the Marathon Petroleum Thrift Plan (the “Plan”) is to assist
employees in maintaining a steady program of savings, in supplementing their
retirement income and in meeting their financial emergencies.
ARTICLE II. ELIGIBILITY
2.01
Any employee of Marathon Petroleum Company LP (the “Company”) or a Participating
Employer is eligible to become a member of the Plan, except:

A.
any employee covered by a collective bargaining agreement with a Participating
Employer that does not expressly provide for the employee’s participation in the
Plan, provided that retirement benefits were the subject of good faith
negotiation between the applicable Participating Employer and the employee’s
collective bargaining representatives;

B.
any employee compensated through a leasing entity, whether or not the leased
employee falls within the definition of “leased employee” as defined in Section
414(n) of the Internal Revenue Code of 1986 (the “Code”);

C.
any individual who has signed an agreement, or has otherwise agreed to provide
services to a Participating Employer as an independent contractor, regardless of
the tax or other legal consequences of such an arrangement; and

D.
any employee of Speedway LLC or Speedway Prepaid Card LLC regularly classified
by such Participating Employer as salary grade 11 or below.

Prior to January 1, 2014, an employee was also required to be at least age 21
and to have completed one year of vesting service in order to become a member.
That requirement was eliminated effective as of January 1, 2014. Beginning on
January 1, 2014, student workers were not eligible to become a member of the
Plan; that restriction was eliminated effective as of January 1, 2016. For
purposes of this Plan, the term “member,” unless otherwise

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described, shall mean Active Members, Members with Account(s) in Suspense,
Retired Members, and Non-employee Members, all as defined in Article IV.
2.02
For purposes of the Plan, the following terms have the meanings set forth below:

A.
“Controlled Group” means any entity or organization required to be aggregated
with the Company pursuant to Code Section 414(b), (c), (m), (n), or (o). Within
this Plan document, the term “Controlled Group” refers to the Controlled Group
to which the Company belongs, as in effect from time to time.

B.
“Service Year” means a twelve month period beginning on the date an employee
first performs an Hour of Service and ending on the anniversary of that date.
Following an employee’s first employment year, Service Year will be calculated
based on the Plan Year. The first Plan Year measured is the Plan Year that
begins coincident with or next following the date the employee first performs an
Hour of Service.

C.
“Participating Employer” means Marathon Petroleum Corporation (“Corporation”);
Marathon Petroleum Company LP; Marathon Petroleum Service Company; Marathon Pipe
Line LLC; Catlettsburg Refining LLC; Marathon Petroleum Logistics Services LLC;
MW Logistics Services LLC; Blanchard Refining Company LLC; Speedway LLC,
Speedway Prepaid Card LLC.  

D.
“Hours of Service” means the hours for which an employee is directly or
indirectly paid, or entitled to payment, by an employer in the Controlled Group
for performing duties during the applicable Service Year and for reasons other
than performance of duties, including each hour for which back pay, irrespective
of mitigation of damages, has either been awarded or agreed to by the employer,
such hours to be credited and calculated in accordance with Department of Labor
Reg. Sec. 2530.200b-2. Each Hour of Service shall be credited to the employee
for the Service Year in which he or she performed the duties, regardless of when
payment is made or due. In the event a member performed services for an employer
formerly in the Controlled

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Group, Appendix A provides additional provisions with respect to the Plan’s
service crediting rules. Notwithstanding any provision of this Plan to the
contrary, service credit with respect to qualified military service (as defined
in Article XVI) will be provided in accordance with Code Section 414(u).
ARTICLE III. JOINING THE PLAN
Participation in the Plan is entirely voluntary and any employee who has
satisfied the eligibility requirements of Article II is eligible to participate
in the Plan. An eligible employee may commence participation by completing and
properly submitting a valid pay reduction agreement by which the member elects
to make Pre-Tax Contributions, After-Tax Contributions, or Roth Deferral
Contributions, or by electing to make a Rollover Contribution in accordance with
Section 5.02D. The member’s initial deferral election and any subsequent
elections shall be effective as of the first day of the first payroll period for
which it is administratively practicable to implement that election after the
date it is received by the Plan Administrator or its delegate.
ARTICLE IV. CLASSES OF MEMBERSHIP
The manner in which a member is permitted to direct their account(s) depends on
the class of membership to which the member belongs. These classes of membership
are:
A.
Active Member. An eligible employee of a Participating Employer is an Active
Member for any period during which the employee is receiving Compensation and
has elected to make contributions to the Plan in accordance with Article III.

B.
Member with Account(s) in Suspense. A member who (i) transfers at the request of
his or her Participating Employer to a non-Participating Employer within the
Controlled Group (including a member who is reclassified into a position with a
Participating Employer that is excluded from participation in this Plan), or
(ii) is an eligible employee of a Participating Employer and has voluntarily or
involuntarily (for example, a member on approved leave who is not receiving
Compensation) had member contributions suspended or had contributions suspended
pursuant to Sections 13.01 or 13.05, will have their account(s) held in
suspense. A Deferred

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Member who is subsequently rehired by a non-Participating Employer in the
Controlled Group will be considered a Member with Account(s) in Suspense. A
member who transferred at the request of his or her Participating Employer to a
non-Participating Employer who is required to be aggregated with Marathon Oil
Corporation pursuant to Code Section 414(b), (c), (m), (n), or (o) (the “MOC
controlled group”) before July 1, 2011 and whose balance under the Marathon Oil
Company Thrift Plan was transferred to the Plan in connection with the spin-off
of the Corporation from Marathon Oil Corporation (“MOC”) is also a Member with
Account(s) in Suspense.
The definition of Member with Account(s) in Suspense includes an employee who
was an Active Member but whose status is changed from a common law employee to a
leased employee (as defined in Code Section 414(n)(2)) of a Participating
Employer and/or a member of the Controlled Group.
The definition of Member with Account(s) in Suspense also includes all Scurlock
Permian employees who on the closing date of the sale of Scurlock Permian
(May 18, 1999) continue in employment with Scurlock Permian, the purchasing
company or any affiliated company.
C.
Retired Member. On and after January 1, 2016, any member who terminates
employment from a member of the Controlled Group either (i) on or after
attaining age 50, with ten years of vesting service (as determined under Article
XI), or (ii) on or after attaining age 65, is a Retired Member for purposes of
this Plan until the entire balance of the member’s Account(s) is distributed. A
member who retired (and was considered a retired member under the terms of the
Marathon Oil Company Thrift Plan) prior to July 1, 2011 from a member of the MOC
controlled group and whose balance under the Marathon Oil Company Thrift Plan
was transferred to the Plan in connection with the spin-off of the Corporation
from MOC is also a Retired Member. A member who terminated employment from a
member of the Controlled Group prior to January 1, 2016 and on or after
attaining age 50, with three years of vesting service (as determined under
Article XI), is a Retired Member for purposes of this Plan until the entire
balance of the member’s Account(s) is distributed. A

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Retired Member with a vested Plan balance of $5,000 or less may maintain an open
Thrift account(s) until no later than 60 days after their retirement date.
D.
Non-employee Member. Non-employee Members include the following membership
types:

1.
Deferred Member. A Deferred Member is any member who terminates employment with
all members of the Controlled Group, does not qualify as a Retired Member, and
continues to maintain an open account. Deferred Members who have a vested Plan
balance of $5,000 or less may maintain open accounts until no later than 60 days
after their date of termination of employment. All other Deferred Members may
maintain open accounts until no later than the April 1 immediately following the
calendar year in which such members attain age 70½.

2.
Spouse Beneficiary Member. A Spouse Beneficiary Member is a beneficiary who was
the spouse of an Active Member, Retired Member, or a Member with Account(s) in
Suspense at the time of such member’s death. A Spouse Beneficiary Member who has
a Plan balance of $5,000 or less may defer final settlement of their Thrift
Account(s) until no later than 60 days after the close of the Plan Year during
which they became a Spouse Beneficiary Member. All other Spouse Beneficiary
Members may maintain open accounts for their lifetime, subject to the minimum
distribution requirements of Code Section 401(a)(9).

3.
Beneficiary Member. Beneficiaries, including beneficiaries of Spouse Beneficiary
Members (designated by the member or provided under the terms of this Plan), who
have a Plan balance of $5,000 or less may defer final settlement of their
account(s) until no later than 60 days after the close of the Plan Year during
which they become a Beneficiary Member. All other Beneficiary Members may
maintain open accounts until no later than the fifth anniversary of the date of
the member’s death, subject to the minimum distribution requirements of Code
Section 401(a)(9).

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4.
Alternate Payee Member. An Alternate Payee Member is an individual who becomes a
member as the result of a Qualified Domestic Relations Order. Effective January
9, 2012, if a withdrawal of the Alternate Payee Member’s account balance has not
been made earlier, then Alternate Payee Members will receive an automatic
distribution of the account balance from the Plan no later than 180 days after
the account has been established. An Alternate Payee Member with a Plan balance
of $5,000 or less may maintain an open account(s) until no later than 60 days
after becoming such a member or as soon as administratively feasible thereafter
when a distribution may be processed.

ARTICLE V. MEMBER CONTRIBUTIONS
5.01
General. A member may elect to change the rate of their contributions or to
voluntarily suspend or resume their contributions at any time with each change
becoming effective as soon as administratively practicable after the member has
validly filed a pay reduction agreement with the Plan Administrator.

5.02
Types of Contributions. Members may make the following types of contributions to
the Plan:

A.
Pre-Tax Contributions. Each Active Member may elect to make Pre-Tax
Contributions from 1% to 25% (in whole percentages only) of Compensation. This
election may be changed at any time, including automatically through a member’s
election to participate in the Automatic Increase Program as specified in
Section 5.04.

B.
After-Tax Contributions. Active Members may elect to contribute from 1% to 18%
(in whole percentages only) of Compensation as After-Tax Contributions, except
that highly compensated employees (as defined in Section 5.03C.) will not be
eligible to make After-Tax Contributions on or after January 1, 2016. This
election may be changed at any time, including automatically through a member’s
election to participate in the Automatic Increase Program as specified in
Section 5.04.

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C.
Roth Deferral Contributions. Each Active Member may elect to make Roth Deferral
Contribution from 1% to 25% (in whole percentages only) of Compensation. This
election may be changed at any time, including automatically through a member’s
election to participate in the Automatic Increase Program as specified in
Section 5.04. The sum of Pre-Tax Contributions and Roth Deferral Contributions
cannot exceed 25% of Compensation. See Appendix E for more details regarding the
terms and conditions that apply to Roth Deferral Contributions.

D.
Rollover Contributions or Direct Plan Transfer Contributions. Active Members,
Members with Account(s) in Suspense, and Retired Members may make Rollover
Contributions or Direct Plan Transfer Contributions of qualified distributions
from any tax-qualified plan or any IRA holding amounts described in Code Section
408(d)(3)(A)(ii). However, Roth Rollover Contributions will only be accepted
from another tax-qualified plan described in Code Section 401(a). The Plan will
not accept Rollover Contributions or Direct-Plan Transfer Contributions from a
Code Section 403(a) plan or a Roth IRA. For purposes of this Section 5.02D.,
“tax-qualified plan” shall mean:

- a qualified plan described in Code Section 401(a) or 403(b), including
after-tax employee contributions.
- an eligible plan under Code Section 457(b) which is maintained by a state,
political subdivision of a state, or any agency or instrumentality of a state or
political subdivision of a state.
Deferred Members, and prior Deferred Members, may also make Rollover
Contributions (but not Direct Plan Transfer Contributions), from any of the
above.
Individuals who are eligible to become Active Members, but have elected not to
contribute to the Plan or have previously elected to withdraw their entire
account balance are permitted to make Rollover Contributions to the Plan. The
Plan may also accept Rollover Contributions from prior Members with Account(s)
in Suspense and Retired Members who previously closed their Plan Account(s).
Subject to Plan Administrator approval, Spouse Beneficiary Members have the
right to roll over distributions from qualified retirement plans sponsored by
any employer

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whereby the Plan has recognized vesting time for prior service of the deceased
member. This right is limited solely to Spouse Beneficiary Members as permitted
by applicable laws and regulations.
All such Rollover Contributions or Direct Plan Transfer Contributions must
consist of cash, unless the Plan Administrator agrees, in its sole discretion,
to accept any property other than cash. The member must submit written
certification that the Rollover Contribution qualifies as a Rollover
Contribution.
Rollover Contributions must be made by the member within 60 days after the
member has received their distribution from the applicable eligible retirement
plan.
5.03
Limitations on Member Contributions

A.
In General. Subject to adjustments by the Plan Administrator to comply with the
provisions of the Code, an Active Member may make Pre-Tax Contributions,
After-Tax Contributions, and Roth Deferral Contributions as specified in
Sections 5.02A, 5.02B, and 5.02C above.

Contributions to the Plan will be elected in percentages of Compensation.
“Compensation” shall mean all wages, salaries and other amounts received
(without regard to whether or not an amount is paid in cash) for personal
services actually rendered by an eligible employee in the course of employment
with the Participating Employer to the extent that the amounts are includible in
the eligible employee’s gross income for federal income tax purposes, and, shall
only include remuneration items that constitute compensation within the meaning
of Code Section 415(c)(3) and Treasury Regulations Section 1.415(c)-2 including,
but not limited to:
(i)
commissions and bonuses;

(ii)
Differential Pay (as defined below);

(iii)
the Marathon Petroleum Company LP Success Through People (STP) payouts;

(iv)
sick pay (including short-term disability payments made by a Participating
Employer), vacation pay, or holiday pay; and

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(v)
except as otherwise provided herein, any other annual incentive compensation
programs as may be established by the Company and other Participating Employers
from time to time.

The foregoing inclusions are to be interpreted to comply with Treasury
Regulations Section 1.415(c)-2(b), as modified by Treasury Regulations Sections
1.415(c)-2(d)(2) and 1.414(s)-1(c)(3). Compensation shall also include amounts
that are not includible in the eligible employee’s gross income under a salary
reduction agreement by reason of the application of Code Sections 125,
132(f)(4), 402(e)(3), 402(h)(1)(B), or 457(b).
Where an eligible employee terminates employment with the Controlled Group,
Compensation shall include regular compensation for services actually performed
during regular working hours (including, but not limited to, overtime,
commissions, and bonus compensation) that is paid after employment termination
solely because the applicable pay date occurs after the employee’s employment is
terminated, but shall not include, in any circumstance, (i) amounts paid after
the later of the end of the Plan Year that includes the employee’s employment
termination date or 2½ months after the employment termination date, (ii)
remuneration for accrued vacation or other leave paid after the employment
termination date; (iii) salary continuation paid after the employment
termination date; or (iv) severance pay paid after the employment termination
date.
Differential Pay means any payment made by a Participating Employer to an
eligible employee with respect to any period during which the eligible employee
is performing service in the uniformed services (as defined in USERRA) while on
active duty for a period of more than 30 days, the amount of which represents
the difference, if any, between the wages the eligible employee would have
received from the Participating Employer if the eligible employee were
performing service for the Participating Employer and the military pay the
eligible employee receives while on active duty performing service in the
uniformed services.
Notwithstanding anything to the contrary, Compensation for any eligible employee
does not include the following remuneration items:

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(i)
amounts includible in an eligible employee’s gross income for federal income tax
purposes under the rules of Code Section 409A or Code Section 457(f)(1)(A) or
because the amounts are constructively received by the employee;

(ii)
reimbursements and allowances for expenses, including (but not limited to)
relocation expenses, company-paid parking and transportation expenses, certain
tax allowances specified as not eligible compensation by the Participating
Employer, moving expenses and automobile allowances, whether or not includible
in gross income for federal income tax purposes;

(iii)
fringe benefits (cash and noncash), deferred compensation (including, but not
limited to, performance share awards), certain employee prizes specified as not
eligible compensation by the Participating Employer (including awards such as
Marawards), company-paid premiums for group term life insurance (whether or not
includible in gross income for federal income tax purposes), and welfare
benefits (exclusive of short-term disability benefits paid by a Participating
Employer);

(iv)
employer contributions to a deferred compensation plan (whether non-qualified
and unfunded or tax-qualified) to the extent that the contributions are not
includible in the eligible employee’s gross income for federal income tax
purposes for the taxable year in which contributed;

(v)
distributions from a deferred compensation plan (whether non-qualified and
unfunded or tax-qualified), whether or not includible in the eligible employee’s
gross income for federal income tax purposes;

(vi)
amounts realized from the exercise of a non-qualified stock option or when
restricted stock or other property held by the eligible employee either becomes
freely transferrable or is no longer subject to a substantial risk of
forfeiture;

(vii)
amounts realized from the disposition of stock acquired under a qualified stock
option;

(viii)
other amounts that receive special tax benefits; and

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(ix)
severance payments made to the eligible employee after the employee’s employment
termination date.

The foregoing exclusions are to be interpreted to comply with Treasury
Regulations Section 1.415(c)-2(c), as modified by Treasury Regulations Sections
1.415(c)-2(d)(2) and 1.414(s)-1(c)(3). The maximum annual Compensation
recognized by the Plan for an eligible employee may not exceed the amount set
forth under Code Section 401(a)(17), as adjusted from time to time in accordance
with the law. Compensation means gross pay during the Plan Year or such other
consecutive 12-month period over which gross pay is otherwise determined under
the Plan (the “determination period”). Any adjustment in accordance with the law
in effect for a calendar year applies to Compensation for the determination
period that begins with or within such calendar year.
B.
Maximum Deferrals. Pre-Tax Contributions and Roth Deferral Contributions,
including any contributions to this Plan, or any other qualified plan maintained
by an employer in the Controlled Group, that exceed the limit under Code Section
402(g), will not be permitted and, subject to appropriate adjustment for any
gains or losses through December 31 of the year of the excess, or the date of
return, if earlier, will be returned to the affected member no later than April
15 of the year following the year in which the excess occurred unless they are
recharacterized, as described in the following paragraph. Any references in this
Plan to the amount of excess Pre-Tax Contributions and Roth Deferral
Contributions that are to be reallocated and/or distributed pursuant to this
Section 5.03 shall be interpreted to include the appropriate adjustment for
gains and losses described above.

Any excess Pre-Tax Contributions and excess Roth Deferral Contributions will not
be permitted and will first be transferred to the After-Tax Account, up to the
limit, and subject to the eligibility conditions, specified in Section 5.02B.
with any remaining balance to be included in the member’s paycheck. Pre-Tax
Contributions will be decreased first, followed by Roth Deferral Contributions,
which will be decreased to comply with the limits specified in Sections 5.02A.
and 5.02C. If it is not possible to transfer such excess to the member’s
After-Tax Account or to include

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such excess in the member’s paycheck, a separate check in the amount of the
excess, subject to appropriate adjustment for any gains or losses as described
above, will be issued to the affected member as permitted by law.    
C.
Limitations on After-Tax Contributions. After-Tax Contributions must satisfy the
Actual Contribution Percentage (“ACP”) test of Code Section 401(m), which is
incorporated herein by reference. The Plan elects to use the current year
testing method for the ACP test.

In the event that the ACP test is not satisfied, any excess After-Tax
Contributions (referred to as “ACP test contributions”), and adjustment for any
gains or losses attributable to the ACP test contributions for the year in which
the excess occurred, shall be distributed no later than the end of the Plan Year
following the Plan Year in which the failure occurred. Excess ACP test
contribution amounts shall be determined by ranking all highly compensated
employees in descending order based on the dollar amount of their ACP test
contributions. ACP test contributions of the highly compensated employee with
the highest dollar amount of ACP test contributions shall be reduced until the
amount is equal to the ACP test contributions of the highly compensated employee
with the next highest dollar amount. This procedure is repeated until all excess
ACP test contributions are identified and distributed from the Plan.
The term “highly compensated employee” means an employee who (i) was a 5% owner,
as that term is defined in Code Section 416(i), either during the current Plan
Year or the prior Plan Year, or (ii) had Gross Pay (as defined in Section 7.02
of the Plan) in excess of $120,000 (as increased by cost-of-living adjustment
sunder Code Section 414(q)) for the prior Plan Year.
5.04
Automatic Increase Program

Active Members may elect to enroll in a program that will automatically increase
their rate of contributions on an annual basis. A member choosing to participate
in the program must elect an increase amount, in whole percentages of
Compensation only, and a date on which the increase is to be applied each year
(for example, increase member contributions by 2%

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of Compensation each April 1). Subject to the Plan and statutory limits, the
increase will be applied to the member’s election for Pre-Tax Contributions and
Roth Deferral Contributions to the extent possible and then to the member’s
After-Tax election. A member may elect to voluntarily terminate his or her
participation in this program at any time. Any election to voluntarily terminate
participation in the program shall become effective as soon as administratively
practicable after the election has been properly made with the Plan
Administrator.
5.05
Catch-Up Contributions

All members who are eligible to make Pre-Tax Contributions and Roth Deferral
Contributions under this Plan and who have attained age 50 before the close of
the Plan Year shall be eligible to make Catch-Up Contributions in accordance
with, and subject to the limitations of, Code Section 414(v). Catch-Up
Contributions shall not be taken into account for purposes of the provisions of
the plan implementing the required limitations of Code Sections 402(g) and 415.
Eligible members may elect to make Catch-Up Contributions from 1% to 50% (in
whole percentages only) of Compensation. Catch-Up Contributions shall be
permitted only by eligible members with respect to whom no Pre-Tax Contributions
or Roth Deferral Contributions may be made to the Plan for that taxable year by
reason of the application of the Section 402(g) limit or any other limitations
on Pre-Tax Contributions or Roth Deferral Contributions for that taxable year in
accordance with, and subject to the limits of, Code Section 414(v). Members must
specify whether their Catch-Up Contributions will be Pre-Tax Catch-Up
Contributions or Roth Deferral Catch-Up Contributions. Catch-Up Contributions
may not exceed a maximum annual dollar limit pursuant to Code Section 414(v), as
adjusted from time to time in accordance with the law.
5.06
Roth In Plan Conversion

A member may elect to convert all or a portion of their vested accounts within
the Plan that are eligible for distribution, and qualifies as an eligible
rollover distribution (as defined in Code Section 402(c)(4)), to a Roth
Conversion Account within the Plan. Amounts converted

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will be included in gross income to the extent they would be included in gross
income as if distributed in the year of conversion.
ARTICLE VI. MATCHING CONTRIBUTIONS
The Participating Employers will make Matching Contributions for its members for
each Plan Year as provided in this Article VI. Each Participating Employer will,
for any given pay period, match the Pre-Tax Contributions, After-Tax
Contributions, and Roth Deferral Contributions, of its Active Members up to a
maximum of 6% of Compensation, at the rate of $1.17 per dollar contributed;
provided, however, that a Participating Employer will not contribute Matching
Contributions on behalf of a member who is covered by a collective bargaining
agreement with his or her Participating Employer unless the Participating
Employer has entered into a definitive agreement with a member’s union expressly
requiring the Participating Employer to contribute matching contributions. The
intent is that the Matching Contributions are to be administered on a
pay-period-by-pay-period basis such that the Participating Employer will
contribute Matching Contributions each pay period based on the member’s
Compensation and Pre-Tax Contributions, After-Tax Contributions, and Roth
Deferral Contributions for that pay period.  The Participating Employer will
true-up Matching Contributions at the end of the Plan Year so that the member’s 
aggregate Matching Contributions for the Plan Year shall equal the amount
determined under the Matching Contribution formula (that is, up to 6% of
Compensation, at the rate of $1.17 per dollar contributed)  using the member’s
Compensation and eligible contributions, which would include for this purpose
Pre-Tax Contributions, After-Tax Contributions, Roth Deferral Contributions, and
Catch-Up Contributions, for the Plan Year. Participating Employers will not
match Rollover Contributions or Direct Plan Transfer Contributions.
ARTICLE VII. MAXIMUM CONTRIBUTIONS LIMITATION
7.01
General. The annual addition that may be contributed or allocated to a
participant’s Thrift account(s) for any limitation year shall not exceed the
lesser of:

(a)
$53,000, as automatically increased as of January 1 of any calendar year to
reflect any cost-of-living adjustment or other increase authorized by the
Secretary of the Treasury or his delegate, or

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(b)
100% of the participant’s Gross Pay, as defined in this Article VII of the Plan.

The limit referred to in (b) shall not apply to any contribution for medical
benefits after separation from service (within the meaning of Code Section
401(h) or Code Section 419A(f)(2)), which is otherwise treated as an annual
addition.
7.02
For purposes of the limitation in Section 7.01, a member’s Gross Pay shall
include the member’s wages, salaries, fees for professional service, and other
amounts received for personal services actually rendered in the course of
employment with the Participating Employer or any of the members of the
Controlled Group (including, but not limited to, commissions paid salesmen,
compensation for services on the basis of a percentage of profits, commissions
on insurance premiums, tips, and bonuses) and elective deferrals under Code
Sections 125, 132(f)(4), 402(e)(3), 402(h)(1)(B), 402(k), and 457(b). A member’s
Gross Pay shall also include amounts described in Code Sections 104(a)(3),
105(a), or 105(h), but only to the extent includable in the member’s gross
income; nondeductible reimbursed moving expenses; amounts includible in the
member’s gross income upon grant of a nonstatutory stock option, or an election
under Code Section 83(b); and amounts includible in the member’s gross income as
constructively received under the rules of Code Section 409A or 457(f)(1)(A).
However, a member’s Gross Pay shall exclude such items as employer contributions
to a qualified plan of deferred compensation, income realized from the exercise
of a non-qualified stock option, income realized from the disposition of stock
acquired under an incentive stock option, and reimbursed deductible moving
expenses. Gross Pay, for the purposes of the foregoing limitation, shall also
include: amounts paid or made available after a member’s severance from service,
required to be included under Treasury Regulation Section 1.415(c)-2(e)(3)(i)
and 1.415(c)-2(e)(3)(ii); gross pay to a member who does not currently perform
services for the Participating Employer by reason of qualified military service
(as defined in Article XVI) made in accordance with the Participating Employer’s
current policy with regard to such qualified military service, to the extent
these payments do not exceed the amount the individual would have received if
the individual had continued to perform services for the Participating Employer
rather than entering qualified military service, in accordance with Treasury
Regulation Section 1.415(c)-2(e)(4); and payments of

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back pay within the meaning of Treasury Regulation Section 1.415(c)-2(g)(8).
This definition of Gross Pay is intended to comply with Treasury Regulation
Section 1.415(c)-2.
For purposes of compliance with Code Section 414(u), a member’s Gross Pay shall
include differential wage payments (as defined in Code Section 3401(h)(2)) from
the Employer.
7.03
Prevention of Excess Annual Additions

Notwithstanding the foregoing, the otherwise permissible annual addition for any
member under this Plan may be reduced to the extent necessary, as determined by
the Plan Administrator, to prevent disqualification of the Plan under Code
Section 415, which imposes limitations on the benefits payable to members who
also may be participating in another tax-qualified pension, thrift savings, or
employee stock ownership plan maintained by the Company or any of the members of
the Controlled Group.
For purposes of this article the term “annual addition” means the sum of:
A.
Employer contributions (including Pre-Tax Contributions),

B.
All employee contributions (but excluding Catch-Up and Rollover Contributions),
and

C.
Forfeitures.

ARTICLE VIII. ACCOUNTING AND INVESTMENT OF FUNDS
8.01
Accounts

Contributions to the Plan shall be accounted for with a separate account
maintained for each member to which contributions and earnings thereon will be
credited so as to provide separate accounting and allocations of gains and
losses for each member relative to the following accounts:
A.
Pre-Tax Account. This account contains all Pre-Tax Contributions (which may
include Direct Plan Transfer Contributions from a Code Section 401(k) account)
and the related earnings.

B.
Pre-Tax Catch-Up Contribution Account. This account contains all Pre-Tax
Catch-Up Contributions made by eligible members and the related earnings.

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C.
After-Tax Account. This account contains (1) all post-1986 After-Tax
Contributions (including the tax-paid employee contribution portion of the 1987
ESOP Direct Plan Transfer Contributions and Retroactive After-Tax Contributions
made after 1986), and (2) all pre-1987 tax-paid contributions plus the related
earnings. A separate subaccount of this account contains the pre-1987 tax-paid
contributions and the related earnings.

D.
Roth Deferral Contribution Account. This account contains Roth Deferral
Contributions, which are described in Appendix E, and the related earnings.

E.
Rollover Account. This account contains monies contributed to the Plan as the
result of a rollover from another tax-qualified plan or an IRA holding amounts
described in Code Section 408(d)(3)(A)(ii) and the related earnings, except for
Roth deferral amounts that have been rolled over from another tax-qualified
plan.

F.
Company Matching Account. This account contains all Matching Contributions and
the related earnings made to the Plan with respect to periods prior to January
1, 2016. Amounts held in the Company Matching Account are not intended to
satisfy the “safe harbor” requirements of Code Sections 401(k)(12) and
401(m)(11).

G.
Roth Catch-Up Account. This account contains all Roth Catch-Up Contributions
made by eligible members and the related earnings.

H.
Roth Rollover Account. This account contains Roth deferral amounts that have
been rolled over from another tax-qualified plan and the related earnings.

I.
Roth In-Plan Conversion Account. This account contains amounts that have been
converted pursuant to Section 5.06 and the related earnings.

J.
Safe Harbor Matching Contribution Account. This account contains all Matching
Contributions and the related earnings made to the Plan with respect to periods
on or after January 1, 2016. Amounts held in this account are intended to
satisfy the “safe harbor” requirements of Code Sections 401(k)(12) and
401(m)(11).

K.
Other Accounts. The Plan Administrator shall establish and maintain other
accounts as necessary to depict accurately a member’s interest under the Plan.

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For purposes of this Plan, the terms “account” or account(s), unless otherwise
defined, shall mean each of the accounts listed above.
8.02
Investment of Accounts

Members may direct the investment of their contributions and their existing
account balance amounts in active investment options in whole increments of 1%.
For this purpose, active investment options include:
A.
Marathon Petroleum Corporation Common Stock Fund. Invests in Marathon Petroleum
Corporation Common Stock, and a small portion may also be invested in cash for
liquidity purposes.

B.
Designated Investment Options. A Designated Investment Option is any investment
fund or product designated by the Investment Committee. “Designated Investment
Options” may include (without limitation) a mutual fund, interest in a
collective fund or another commingled vehicle, separately managed account, or
managed account option.

The Investment Committee may select, add, substitute, or remove from time to
time, in its sole discretion, the investment funds that constitute the
Designated Investment Options in which contributions may be invested pursuant to
the member’s investment directions. Members who have not provided an investment
direction to the Plan Administrator for any reason, shall have their Accounts
invested as determined by the Plan Administrator in a “Default Investment Fund.”
The Default investment Fund is intended to be a Qualified Default Investment
Alternative as that term is defined in regulations issued pursuant to Section
404(c)(5) of Employee Retirement Income Security Act of 1974, as amended
(“ERISA”). The Plan Administrator may prescribe procedures (including any rules,
restrictions, or requirements) for investment directions and changes to
investment directions by members from time to time in its sole discretion. To
the extent the Plan Administrator procedures provide, members shall provide
investment directions to the administrative delegate and the administrative
delegate shall carry out such direction without obtaining prior confirmation or
authorization from the Plan Administrator.

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Subject to such procedures as may be prescribed by the Plan Administrator in its
sole discretion from time to time, an investment direction will be given effect
as soon as is administratively practicable after receipt of the member’s
investment direction.
Notwithstanding the forgoing, the Plan Administrator may, at its own discretion,
impose any rules, restrictions, and requirements regarding the members’
investment directions and changes in their investment directions. The Plan
Administrator may decline to implement a member’s investment direction, or may
override an existing investment direction, where it deems appropriate in its
sole discretion, including without limitation in circumstances where following
(or continuing to follow) an investment direction (i) would result in a
prohibited transaction described in Section 406 of ERISA or Code Section 4975,
(ii) would generate taxable income to the Plan, or (iii) result in violations of
market timing or frequent trading rules imposed by any manager or other provider
of an active investment option.
All investment elections made by a member will apply to all accounts (except
Rollover Contributions and Roth In-Plan conversions) a member contributes to and
will also apply to Matching Contributions.
All dividends and interest will be directed to the option that generated such
dividend and interest even if the member is no longer contributing to that
option except that frozen MOC stock dividends will be reinvested according to
the investment election applicable to new contributions in force at the time
such dividend becomes payable.
The Plan Administrator intends for the active investment options to qualify as
participant-controlled accounts under Section 404(c) of ERISA.
ARTICLE IX. TRANSFERS
Subject to such procedures as may be prescribed by the Plan Administrator in its
sole discretion from time to time, a member may at any time direct the Trustee
to sell any or all of the assets in the member’s account(s) in whole
percentages, units, or dollar increments and at the same time inform the Trustee
how to distribute the proceeds of such sale into investment options.

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The member may direct the Trustee to execute investment transfers at a frequency
no greater than the periodicity of transfers limit formally approved by the Plan
Administrator. When the member directs the Trustee to buy or sell investments,
the member will receive or pay the unit or share price when executed.
ARTICLE X. STOCK OPTIONS, RIGHTS OR WARRANTS
If any options, rights, or warrants are granted or issued with respect to shares
of stock, the Trustee shall give the members for whom the stock is held a
reasonable opportunity after notice to direct the Trustee to exercise the
options, rights, or warrants. If no instructions are received from the member,
the Trustee may sell the option, right, or warrant, or take such other action as
the Trustee may deem necessary.
For an Active Member, any proceeds shall be credited to the member’s account(s)
in the same manner as current contributions unless elected otherwise.
For all other members, any proceeds will be invested in the active investment
option(s) to which their most recent contributions were directed, unless elected
otherwise.
ARTICLE XI. VESTING
11.01
General

A member is fully and immediately vested in their member contributions
(including Pre-Tax Contributions, After-Tax Contributions, and Roth Deferral
Contributions). A member is fully and immediately vested in all of the Matching
Contributions made to the Plan, including earnings on such contributions, with
respect to periods on or after January 1, 2016.
A member shall acquire a fully vested, nonforfeitable right to the Matching
Contributions made to the Plan, including earnings on such contributions, with
respect to periods prior to January 1, 2016 upon the earliest of the following:
A.
The member has performed an hour of service on or after January 1, 2002, and has
completed three (3) years of service;

B.
The member has attained the Plan’s normal retirement age (age 65);

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C.
The member has retired under the Marathon Petroleum Retirement Plan as then in
effect;

D.
The death of an Active Member or a Member with Account(s) in Suspense; or

E.
The termination or partial termination of the Plan.

F.
The member is Disabled (as defined in Section 13.04) at any time on or after
January 1, 2016.

11.02
Vesting Service

“Service,” for the purposes of this Article XI, means the length of time in
months during which: (1) a member either receives or is entitled to receive pay
from a Participating Employer or a member of the Controlled Group; (2) a member
is laid off (if such lay off is for less than 12 consecutive months) or on
approved leave status with a member of the Controlled Group; (3) a member was a
“leased employee” as defined in Code Section 414(n) for a Participating Employer
or a member of the Controlled Group. A member shall be credited with a year of
service if the member is compensated or entitled to pay by a Participating
Employer or a member of the Controlled Group for 1,000 hours in a Service Year,
as defined in Section 2.02B.
11.03
Equivalency Rules

For purposes of the 1,000-hour test, the Plan provides as follows, strictly for
the purpose of processing work hours for Plan vesting, use of the equivalency
rule:
The equivalency rule shall be: 45 hours for a weekly payroll, and 90 hours for a
biweekly payroll. All work hours shall be associated with the month of the pay
period begin date.
For a non-exempt employee, when payroll wages and hours are received and the
employee is not on a leave, actual hours shall be used. If a non-exempt employee
is on an accepted leave status covered under the terms of the Plan, their hours
are determined by the equivalency rule.

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For an exempt employee, if the employee receives any payroll wages, their hours
are determined by the equivalency rule. If the employee is on an accepted leave
status covered under the terms of the Plan, their hours are determined by the
equivalency rule.
11.04
Service With Other Employers

If a former employee of a Participating Employer is hired (for reasons other
than a transfer) by a non-Participating Employer of the Controlled Group, or a
former employee of a member of the Controlled Group is hired (for reasons other
than a transfer) by a Participating Employer, service with members of the
Controlled Group shall be recognized for purposes of computing vesting service
under the Plan provided that such vesting service is attributable to time while
the employer(s) was a member of the Controlled Group.
If a former member or Retired Member is subsequently reemployed by the Company
or a Participating Employer, all prior service which has been credited for
vesting purposes hereunder shall be reinstated.
Members who were employed by an employer at the time such employer was acquired
by a member of the Controlled Group may, with the approval of the Corporation’s
Board of Directors (“Board”) or any committee to which the Board has
specifically delegated sufficient authority, be entitled to additional vesting
service based on employment with the acquired employer. Appendix C outlines the
additional vesting service that has been approved.
ARTICLE XII. CHANGE OF CONTROL PROVISIONS
12.01
Vesting on Change of Control

Employees who are terminated within 24 months of a Change of Control (defined
below) will become immediately vested in the accounts under the Plan.
12.02
Definition of Change of Control

For purposes of the Plan the following shall apply:
A.
For purposes of this Article XII, a “Change in Control” shall mean a change in
control of the Corporation of a nature that would be required to be reported in
response to

22

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Item 6(e) of Schedule 14A of Regulation 14A promulgated under the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), whether or not the
Corporation is then subject to such reporting requirement; provided, that,
without limitation, such a change in control shall be deemed to have occurred
if:
(i)
any person (as such term is used in Sections 13(d) and 14(d) of the Exchange Act
(a “Person”) is or becomes the “beneficial owner” (as defined in Rule 13d-3
under the Exchange Act), directly or indirectly, of securities of the
Corporation (not including in the securities beneficially owned by such person
any such securities acquired directly from the Corporation or its affiliates)
representing twenty percent (20%) or more of the combined voting power of the
Corporation’s then outstanding voting securities; provided, however, that for
purposes of this Plan the term “Person” shall not include (a) the Corporation or
any of its subsidiaries, (b) a trustee or other fiduciary holding securities
under an employee benefit plan of the Corporation or any of its subsidiaries,
(c) an underwriter temporarily holding securities pursuant to an offering of
such securities, or (d) a corporation owned, directly or indirectly, by the
stockholders of the Corporation in substantially the same proportions as their
ownership of stock of the Corporation; and provided, further, however, that for
purposes of this paragraph (i), there shall be excluded any Person who becomes
such a beneficial owner in connection with an Excluded Transaction (as defined
in paragraph (iii) below); or

(ii)
the following individuals cease for any reason to constitute a majority of the
number of directors then serving: individuals who, on the date hereof,
constitute the Board and any new director (other than a director whose initial
assumption of office is in connection with an actual or threatened election
contest including, but not limited to, a consent solicitation, relating to the
election of directors of the Corporation) whose appointment or election by the
Board or nomination for election by the Corporation’s stockholders was approved
or recommended by a vote of at least two-thirds (2/3) of the directors then
still in office who either were directors on the date hereof or

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whose appointment, election or nomination for election was previously so
approved or recommended; or
(iii)
there is consummated a merger or consolidation of the Corporation or any direct
or indirect subsidiary thereof with any other corporation, other than a merger
or consolidation (an “Excluded Transaction”) which would result in the voting
securities of the Corporation outstanding immediately prior thereto continuing
to represent (either by remaining outstanding or by being converted into voting
securities of the surviving corporation or any parent thereof) at least 50% of
the combined voting power of the voting securities of the entity surviving the
merger or consolidation (or the parent of such surviving entity) immediately
after such merger or consolidation, or the shareholders of the Corporation
approve a plan of complete liquidation of the Corporation or there is
consummated the sale or other disposition of all or substantially all of the
Corporation’s assets.

The provisions of this Article XII shall apply only to employees classified by a
Participating Employer as non-officer regular employees. A regular employee is
an employee who is employed to work on a full-time or part-time basis and not on
a time, special job completion, or call-when-needed basis, and who has been
classified by a Participating Employer as a regular employee. Employees
classified by a Participating Employer as “casual employees” are not subject to
the provisions of this Article XII. A casual employee is an employee who is
employed to work on a time, special job completion, call-when-needed basis, or
is classified as a student worker, and who has been classified by a
Participating Employer as a casual employee.
ARTICLE XIII. IN-SERVICE WITHDRAWALS
13.01
Distributions to Active Members

Active Members, provided they are not 5% owners of any employer within the
Controlled Group, determined pursuant to Code Section 416(i), may elect to defer
the commencement of benefits until no later than the April 1 immediately
following the calendar year in which

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they retire. Eligible Active Members presently over age 70½ and receiving
distributions under the Plan may elect to suspend such payments until they
actually retire.
Active Members who are 5% owners of an employer within the Controlled Group,
determined pursuant to Code Section 416(i), may elect to defer commencement of
benefits until no later than the April 1 immediately following the calendar year
in which such members attain age 70½.
The Plan will apply the minimum distribution requirements of Code Section
401(a)(9) as described in Appendix D.
A participant who receives a distribution of elective deferrals from another
401(k) plan maintained by a member of the Controlled Group on account of
financial hardship shall be prohibited from making elective deferrals and
employee contributions under this and all other plans of members of the
Controlled Group for six (6) months after receipt of the distribution.
13.02
In-Service Withdrawal of a Portion of Thrift Balance

Payments may be made from the Plan to an Active Member or a Member with
Account(s) in Suspense as an “In-Service Withdrawal” under the terms of this
Article XIII of the Plan.
Active Members or Members with Account(s) in Suspense are eligible to withdraw a
portion of their After-Tax Account, Rollover Account, Roth Rollover Account, or
vested Company Matching Account without losing such other rights as they may
have in the balance of their accounts, subject to the provisions outlined below.
Active Members or Members with Account(s) in Suspense who have attained age 59½
are also eligible to withdraw a portion of their Pre-Tax Account, Roth Deferral
Contribution Account, Roth In Plan Conversion Account, Pre-Tax Catch-Up
Contribution Account, Safe Harbor Matching Contribution Account, and Roth
Catch-Up Account without losing such other rights as they may have in the
balance of their accounts, subject to the provisions outlined below. In-Service
Withdrawals are limited to a maximum of four (4) in a Plan Year. No In-Service
Withdrawal of less than $100 will be permitted.
13.03
Account and Investment Withdrawal Order for Partial In-Service Withdrawals

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Unless elected otherwise by the member, the order in which funds from the Plan
are withdrawn is as follows, with the type of account taking precedence over the
type of investment:
A.
Account:

(i)
Pre-1987 tax-paid employee contributions in the After-Tax Account

(ii)
All remaining funds in the After-Tax Account

(iii)
Rollover Account – After-Tax

(iv)
Rollover Account – Pre-Tax

(v)
Company Matching Account

(vi)
Safe Harbor Matching Contribution Account (to the extent permitted by the Plan
and by law)

(vii)
Pre-Tax Account (to the extent permitted by the Plan and by law)

(viii)
Pre-Tax Catch-Up Contribution Account (to the extent permitted by the Plan and
by law)

(ix)
Roth Deferral Contribution Account

(x)
Roth Catch-Up Contribution Account

(xi)
Roth In-Plan Conversion Account

(xii)
Roth Rollover Contribution Account

B.
Investments:

(i)
Stable Value Fund

(ii)
Mutual Funds

(iii)
Marathon Oil Corporation Stock

(iv)
Marathon Petroleum Corporation Stock

The member may elect a different order from the one given above provided that
all pre-1987 tax-paid employee contributions must be distributed before any
funds from the Company Matching Account, Safe Harbor Matching Contribution
Account, and the Rollover Contribution Account may be withdrawn.
13.04
In-Service Withdrawal of Entire Distributable Vested Thrift Balance

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Subject to the conditions under this Section 13.04, an Active Member or a Member
with Account(s) in Suspense may request an In-Service Withdrawal of their entire
distributable vested Plan balance. The amount available for withdrawal depends
on the member’s age, disability status, vested status, and employment date as
follows:
A.
Fully Vested Members. A fully vested member who has not attained age 59½ will
receive the value of their After-Tax Account, Rollover Account, Roth Rollover
Account, and Company Matching Account. A fully vested member who has attained
age 59½ or who is disabled (as defined below) will receive the value of their
above mentioned accounts plus the value of their Pre-Tax Account, Pre‑Tax
Catch-Up Contribution Account, Safe Harbor Matching Contribution Account, Roth
Deferral Contribution Account, and Roth Catch-Up Contribution Account, as well
as the value of their Roth In Plan Conversion Account.

B.
Non-fully Vested Members. A non-fully vested member who has not attained age 59½
and who is not disabled will receive the value of their After-Tax Account,
Rollover Account, and any vested portion of their Company Matching Account,
excluding their Roth Rollover Account. A non-fully vested member who has
attained age 59½ or who is disabled will also receive the value of their Pre-Tax
Account, Pre-Tax Catch-Up Contribution Account, Safe Harbor Matching
Contribution Account, Roth Rollover Account, Roth Deferral Contribution Account,
Roth In Plan Conversation Account, and Roth Catch-Up Account.

For purposes of this Plan, members will be considered “Disabled” if either:
1.
they have been disabled for at least two (2) years, and are wholly and
continuously disabled to the extent that they are unable to engage in any
occupation or perform any work for gainful compensation or profit for which they
are, or may become, reasonably qualified by education, training, or experience,
all as determined by the Marathon Petroleum Long Term Disability Plan, or

2.
they provide proof of a Social Security determination of disability.

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13.05
Distributions due to Military Service

A member shall be deemed as severed from employment for purposes of Code
Section 401(k)(2)(B)(i)(I) during any period when the member is performing
service in the uniformed service while on active duty for a period of more than
30 days, as described in Code Section 3401(h)(2)(A). However, a member who
obtains a distribution by reason of service in the uniformed service for more
than 30 days may not make any elective deferrals or employee contributions to
the Plan during the six-month period beginning on the date of such distribution.
Notwithstanding anything to the contrary herein, a member who is a member of a
reserve component (as defined in Section 101 of title 37), and who was ordered
or called to active duty for a period in excess of 179 days or for an indefinite
period may request, during the period beginning on the date of the order or call
to duty and ending at the close of the active duty period, a distribution of all
or part of his or her elective deferrals. The distribution shall be paid to the
member as promptly as practicable after the Administrator (or its delegate)
receives the member’s request.
ARTICLE XIV. WITHDRAWALS AFTER SEPARATION FROM SERVICE
14.01
General

Any nonvested Matching Contributions held in the Company Matching Account are
forfeited on the earlier of a complete distribution or five (5) years after the
date when a member is no longer an Active Member or a Member with Account(s) in
Suspense. Vested members are entitled to receive their entire vested balance in
all accounts when the member is no longer an Active Member or a Member with
Account(s) in Suspense.
14.02
Deferral of Commencement of Benefits

The following members may elect to defer the commencement of benefits until no
later than the April 1 immediately following the calendar year in which such
members attain age 70½:
A.
Retired Members with a vested Plan balance in excess of $5,000,

B.
Members with Account(s) in Suspense;

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C.
Non-employee Members (other than Non-employee Members with a vested Plan balance
of $5,000 or less, Beneficiary Members, and Spouse Beneficiary Members with a
vested Plan balance in excess of $5,000).

Spouse Beneficiary Members with a Plan balance in excess of $5,000 may maintain
an open Plan Account(s) for their lifetime, subject to the minimum distribution
requirements of Code Section 401(a)(9). Spouse Beneficiary Members with a Plan
balance of $5,000 or less must commence their final settlement no later than 60
days after the close of the Plan Year during which they become a Spouse
Beneficiary Member. Beneficiary Members may maintain an open Account(s) until no
later than the fifth anniversary of the date of the member’s death.
All other Non-employee Members (including Beneficiary Members) with a vested
Plan balance of $5,000 or less must commence their final settlement no later
than 60 days from the date of becoming such members unless, in the case of an
Alternate Payee Member, the distribution of any part of such Plan balance is
then not permitted under Code Section 401(k).
However, the member or, if applicable, the beneficiary or beneficiaries may
request earlier payment of benefits, in which case payment shall commence as
soon as practicable after the member has filed a written notice of such election
with the Plan Administrator.
Account balances attributable to rollover contributions (and earnings allocable
thereto), are included in determining a member’s eligibility to receive a $5,000
de minimus distribution. If the value of the member’s nonforfeitable account
balance as so determined is $5,000 or less, the Plan shall immediately
distribute the member’s entire nonforfeitable account balance, subject to the
requirements of Code Section 401(a)(31)(B).
14.03
Withdrawal Rights After Separation from Service

Withdrawal rights after separation from service are as follows:
A.
A Retired Member, Spouse Beneficiary Member, or Beneficiary Member may withdraw
during any year all or any portion of the remaining balance in their account(s),
provided that no withdrawal of less than $500 may be made unless it constitutes

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the entire remaining balance. Such withdrawals, however, are limited to a
maximum of four (4) in a Plan Year.
B.
A Member with Account(s) in Suspense may take In-Service Withdrawals as provided
under Article XIII of this Plan.

C.
Except as provided in Section 14.03A, a Non-employee Member may only make a
withdrawal of his or her entire Plan balance; provided, however, that a
Non-employee Member may also make a one-time withdrawal to pay off an
outstanding Plan loan(s) without triggering the requirement to make a withdrawal
of his or her entire Plan balance.

14.04
Reinstatements

Except as otherwise provided in this Plan, any nonvested amounts held in the
Company Matching Account forfeited by a member’s termination of employment prior
to vesting will be used to reduce the applicable Participating Employer’s
subsequent Matching Contributions to the Plan; provided, however, that such
amounts may not be used to fund amounts contributed to the Safe Harbor Matching
Contribution Account. However, the amounts forfeited shall be reinstated if the
member is rehired by a Participating Employer, and, within five (5) years after
the date of rehire, repays an amount equal to the lesser of: (1) the Matching
Contributions and earnings thereon credited to their Company Matching Account
for the last 24 months in which they contributed to the Plan, or (2) the amount
of the Plan distribution received upon termination of employment. The maximum an
Active Member may repay is their After-Tax Contributions, and, if applicable,
Pre-Tax Contributions and Roth Deferral Contributions, the total of which must
not exceed the amount of their previous total distribution. Reinstated
contributions by an eligible rehired employee are deposited into the After-Tax
Account (if attributable to pre-1987 tax-paid employee contributions in the
After-Tax Account, such contributions are credited to the pre-1987 subaccount).
In any case, the rehired employee shall have reinstated towards vesting the
total number of months for which contributions were matched prior to the
member’s complete distribution.

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Notwithstanding the foregoing, a Deferred Member who is reemployed by a
Participating Employer or any member of the Controlled Group will have nonvested
forfeited Matching Contributions automatically reinstated into the Company
Matching Account as of the date of reemployment provided that such reemployment
date occurs within five (5) years of the date of such member’s last termination
of employment from an employer within the Controlled Group. All automatic
reinstatements will be invested in accordance with the member’s direction. A
Deferred Member who is reemployed by a Participating Employer or any member of
the Controlled Group will have reinstated towards vesting the total number of
months recognized for vesting under Article XI immediately prior to such
member’s last termination of employment from an employer within the Controlled
Group.
Rollover Contributions or Direct Plan Transfer Contributions may be recognized
as contributions for purposes of satisfying the reinstatement provisions,
provided such contributions are made within five (5) years after the date of
last termination from a member of the Controlled Group.
14.05
Re-Entry into Plan

A former member who is rehired is eligible to become a member of the Plan
immediately so long as they meet the eligibility provisions of the Plan.
ARTICLE XV. SETTLEMENT OPTIONS
15.01
General

Unless a member elects otherwise and except as provided below, distribution of
his or her account(s) will be made in a single sum payment, in either cash or in
securities.
A member’s elective deferrals and earnings attributable to these contributions
shall be distributed on account of the member’s severance from employment,
regardless of when the severance from employment occurred. However, such a
distribution shall be subject to the other provisions of the Plan regarding
distributions, other than provisions that require a separation from service
before such amounts may be distributed.
Notwithstanding any provision of the Plan to the contrary that would otherwise
limit a distributee’s election under this Article XV, a distributee may elect,
at the time and in the

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manner prescribed by the Plan Administrator to have any portion of an eligible
rollover distribution paid directly to an eligible retirement plan specified by
the distributee in a direct rollover.
15.02
Definitions

Eligible rollover distribution: An eligible rollover distribution is any
distribution of all or any portion of the balance to the credit of the
distributee, except that an eligible rollover distribution does not include: any
distribution that is one of a series of substantially equal periodic payments
(not less frequently than annually) made for the life (or life expectancy) of
the distributee or the joint lives (or joint life expectancies) of the
distributee and the distributee’s designated beneficiary, or for a specified
period of ten years or more; any distribution to the extent such distribution is
required under Code Section 401(a)(9); and the portion of any distribution that
is not includible in gross income (determined without regard to the exclusion
for net unrealized appreciation with respect to employer securities). A portion
of a distribution shall not fail to be an eligible rollover distribution merely
because the portion consists of after-tax employee contributions which are not
includible in gross income. However, such portion may be transferred only (1) to
an individual retirement account or annuity described in Code Section 408(a) or
(b), or (2) to a qualified plan described in Code Sections 401(a) or 403(a) or
(3) to a plan described in Code Section 403(b) that agrees to separately account
for amounts so transferred, including separately accounting for the portion of
such distribution which is includible in gross income and the portion of such
distribution which is not so includible.
Eligible retirement plan: An eligible retirement plan is an individual
retirement account described in Code Section 408(a), an individual retirement
annuity described in Code Section 408(b), an annuity plan described in Code
Section 403(a), or a qualified trust described in Code Section 401(a), that
accepts the distributee’s eligible rollover distribution.
An eligible retirement plan shall also mean an annuity contract described in
Code Section 403(b) and an eligible plan under Code Section 457(b) which is
maintained by a state, political subdivision of a state, or any agency or
instrumentality of a state or political subdivision of a state and which agrees
to separately account for amounts transferred into

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such plan from this plan. An eligible retirement plan shall also mean a Roth
individual retirement account under Code Section 408A(b). The applicable
definition of eligible retirement plan shall also apply in the case of a
distribution to a surviving spouse, or to a spouse or former spouse who is the
alternate payee under a qualified domestic relation order, as defined in Code
Section 414(p). In the case of a non-spouse beneficiary, a direct rollover may
be made only to an individual retirement account or annuity described in Code
Sections 408(a) or 408(b) that is established on behalf of the designated
beneficiary and that will be treated as an inherited IRA pursuant to the
provisions of Code Section 402(c)(11).
Distributee: A distributee includes an employee or former employee. In addition,
the employee’s or former employee’s surviving spouse and the employee’s or
former employee’s spouse or former spouse who is the alternate payee under a
qualified domestic relations order, as defined in Code Section 414(p), are
distributees with regard to the interest of the spouse or former spouse. A
distributee also includes a non-spouse beneficiary who is a designated
beneficiary under the Plan.
Direct rollover: A direct rollover is a payment by the Plan to the eligible
retirement plan specified by the distributee.
15.03
Installment Option

Retired Members of any age and Spouse Beneficiary Members may elect the
Installment Option. Under the Installment Option, members may elect annual, or
semi-annual, installments to be paid in cash and/or securities. Monthly
installments may also be elected, but they will be paid only in cash. After
benefits commence under the Installment Option, the member may elect to
discontinue receiving further installments at any time. A Retired Member and a
Spouse Beneficiary Member may be permitted to take a Retired Member withdrawal
during the payout period of the Installment Option. If a member dies during the
payout period under the Installment Option, the installment payments will cease
and any further benefits with respect to the member’s account(s) will be payable
pursuant to the provisions of Article XVI.
Any new installment elections or changes to current elections result in proceeds
being redeemed in the order described in Section 13.03, with the type of account
taking precedence

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over the type of investment. For minimum required distribution withdrawals for
retirees, the required withdrawals will also be distributed in the order defined
by the Plan default.
15.04
Small Cash-Outs

The Plan balance of members, other than Active Members and Members with
Account(s) in Suspense, will be distributed to such members in the form of a
lump sum in cash without their consent if their Plan balance is less than or
equal to $5,000, determined immediately after the forfeiture of any nonvested
Matching Contributions. Account balances attributable to rollover contributions
(and earnings allocable thereto), are included in determining a participant’s
eligibility to receive the small cash-out under this Section 15.04.
In the event of a small cash-out under this Section 15.04 in which the Plan
balance is greater than $1,000, if the member does not elect to have such
distribution paid directly to an eligible retirement plan specified by the
participant in a direct rollover or to receive the distribution directly in
accordance with Code Section 401(a)(31)(B), then the Plan Administrator will pay
the distribution in a direct rollover to an individual retirement account
designated by the Plan Administrator.
ARTICLE XVI. BENEFICIARY
Each member shall designate a beneficiary or beneficiaries, subject to any
requirements established by the Plan Administrator, and may change this
designation at any time. Any change to a member’s beneficiary designation
revokes all prior beneficiary designations made by the member.
If a married member has a beneficiary designation which results in the member’s
spouse not being the member’s sole beneficiary, such designation must be
consented to by the spouse in writing on forms approved by the Plan
Administrator and witnessed by a notary public.
The Plan shall only recognize beneficiary designations submitted to the Plan on
forms approved by the Plan Administrator. Any beneficiary designation shall be
effective only after it is received and accepted by the Plan Administrator, and
the Plan’s procedure for determining a beneficiary shall be controlling over any
disposition by will or otherwise.

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In the event a beneficiary designation is not completed for a member who
transferred to this Plan from the Marathon Oil Company Thrift Plan on July 1,
2011, the default is to apply the Marathon Oil Company Thrift Plan designation
in effect on July 1, 2011. For Delayed Transfer Employees (as defined in
Appendix A), the beneficiary designation will default to the Marathon Oil
Company Thrift Plan designation in effect on the date of transfer.
Subject to Section 15.04 of this Plan, a beneficiary, in the event of the
member’s death, may receive funds from the Plan in cash and/or securities
commencing pursuant to the terms of Article XIV.
If settlement of the member’s Account(s) pursuant to Article XV of the Plan has
commenced before the member’s death, the remaining balance of the member’s
benefit will be distributed to the designated beneficiary or beneficiaries at
least as rapidly as required under Code Section 401(a)(9) and the regulations
thereunder.
If a member dies on or after January 1, 2007 while performing qualified military
service, that Member will be deemed to have resumed employment with the
Participating Employer in accordance with the individual’s reemployment rights
under USERRA on the day preceding death and will be deemed to have terminated
employment on the actual date of death. The term “qualified military service”
means military service as used in Code Section 414(u)(1).
If a member dies without a valid beneficiary designation, the member’s
account(s) will be paid to the person or persons comprising the first surviving
class of the classes listed in order below and such person or persons will
receive the funds in a single sum. The eligible classes are set forth below:
A.
The member’s surviving spouse;

B.
The member’s surviving children (either natural born or adopted through a final
adoption order issued by a court of competent jurisdiction prior to the member’s
death) but specifically excluding step-children;

C.
The member’s surviving parents;

D.
The member’s surviving brothers and sisters;

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E.
The executor or administrator of the member’s estate.

ARTICLE XVII LOANS AND ASSIGNABILITY
Except as specifically provided herein, no right or interest of any member in
the Plan or in their account(s) shall be assignable or transferable in whole or
in part, either directly or by operation of law or otherwise, including, but not
by way of limitation, execution, levy unless otherwise required by the Code or
the regulations thereunder, garnishment, attachment, pledge, bankruptcy, or in
any other manner, and no right or interest of any member in the Plan or in their
account(s) shall be liable for, or subject to any obligation or liability of
such member; and the Trustee shall not loan any funds or securities of this
Plan.
Notwithstanding the foregoing, the Plan Administrator shall: (1) authorize the
assignment and distribution of all or a portion of a member’s account(s) in
accordance with a Qualified Domestic Relations Order as defined in Code Section
414(p), (2) establish procedures for the review of domestic relations orders and
Qualified Domestic Relations Orders, and (3) establish a loan policy whereby,
upon proper application by a member, the Plan Administrator shall direct the
Trustee to make loans to members, provided that such loans:
A.
Are made available to all Plan members, other than Non-employee Members who are
not parties in interest (to the extent permitted by ERISA or applicable
Department of Labor regulations), on a uniform, nondiscriminatory basis,

B.
Bear a reasonable rate of interest; and

C.
Are adequately secured.

Each loan shall be evidenced by a member’s promissory note for the amount of the
loan including interest, payable to the order of the Trustee, and secured by
collateral consisting of the assignment of the member’s account(s) as provided
in the loan rules.
All loans granted hereunder shall be subject to the application of the rules
established by the Plan Administrator including, but not limited to, provisions
relating to the application, repayment and renewal thereof. The Plan
Administrator is specifically authorized to amend such rules from time to time.
Further, to the extent that such rules conflict with any other portion of the
Plan, such rules shall control.

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Loan repayments will be suspended under this Plan as permitted under Code
Section 414(u)(4).
ARTICLE XVIII. TRUSTEE
The Company and Fidelity Management Trust Company (Fidelity) have entered into a
Trust Agreement pursuant to which Fidelity is to act as Trustee under this Plan.
The Company may, from time to time, enter into further agreements with the
Trustee or other parties, and make amendments to the Trust Agreement or further
agreements as it may deem necessary or desirable to carry out the Plan. The
Company may also designate additional or successor trustees. The Trustee shall
have the voting rights with respect to all shares held pursuant to this Plan,
and may vote the shares itself or by proxy to the extent permitted by law. The
Trustee, itself or by proxy, shall, however, vote shares of common stock of the
Corporation and MOC in accordance with the directions, if any, of the members
for whom the stock is held.
The Trustee may purchase common stock of the Corporation on the open market or
directly from the Corporation, out of authorized and unissued shares or Treasury
shares at the current market price thereof. The Trustee may sell the common
stock of the Corporation on the open market or directly to the Corporation, at
the current market price thereof.
The Trustee shall be the named fiduciary with respect to the control or
management of the assets of the Plan. The Trustee may appoint an investment
manager for purposes of the management of all or a portion of the trust assets.
An investment manager who is appointed by the Trustee must evidence to the
Trustee that it satisfies the eligibility requirements to be an investment
manager under ERISA, must accept the appointment in writing, and must
acknowledge, in writing, that it is a fiduciary with respect to the Plan. The
Trustee may also remove an investment manager who was previously appointed.
ARTICLE XIX. PLAN YEAR
For the purpose of this Plan, a Plan Year shall be defined as the period from
January 1 of any calendar year through December 31 of the same year.
ARTICLE XX. CLAIMS PROCEDURES

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Any claim for benefits under the Plan shall be made in writing, identified as a
claim for benefits, and filed with the Plan Administrator. The Plan
Administrator may treat any writing or other communication received by the Plan
Administrator as a claim for benefits under these procedures, even if the
writing or communication is not identified as a claim for benefits. Written
notice of the disposition of a claim shall be furnished to the claimant within
60 days after the claim is filed, except that such period may be extended for an
additional 60 days if the Plan Administrator determines that special
circumstances require such extension. In the event the claim is wholly or
partially denied, the specific reasons for the denial shall be set forth in
writing, and:
A.
pertinent provisions of the Plan shall be cited;

B.
a description of any additional material or information necessary for the
claimant to perfect his or her claim, if possible, and an explanation of why
that material or information is needed; and

C.
an explanation as to how the claimant can request a review of the claim will be
given, along with an explanation of the claimant’s right to bring a civil action
under Section 502(a) of ERISA following an adverse benefit determination on
review.

Upon denial of a claim in whole or in part, a claimant (or the claimant’s
authorized representative) shall have the right to submit a written request to
the Plan Administrator, for a full and fair review of the denied claim, and
shall have, upon request and free of charge, reasonable access to, and copies
of, all documents, records, and other information relevant to the claimant’s
claim for benefits and may submit issues and comments in writing. The review
shall take into account all comments, documents, records, and other information
submitted by the claimant relating to the claim, without regard to whether such
information was submitted or considered in the initial benefit determination. A
request for review of a claim must be submitted within 65 days of receipt by the
claimant of written notice of the denial of the claim. If the claimant fails to
file a request for review within 65 days of the denial notification, the claim
will be deemed permanently waived and abandoned, and the claimant will be
precluded from reasserting it. If the claimant does file a request for review,
the claimant’s request shall include a description of the issues and evidence
the claimant

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deems relevant. Failure to raise issues or present evidence on review will
preclude those issues or evidence from being presented in any subsequent
proceeding or judicial review of the claim. A decision shall be rendered no more
than 60 days after the Plan Administrator’s receipt of the request for review,
except that such period may be extended for an additional 60 days if the Plan
Administrator determines that special circumstances (such as for a hearing)
require such extension. If an extension of time is required, written notice of
the expected decision date and the reasons for the extension shall be furnished
to the claimant before the end of the initial 60-day period. In the event the
appeal is wholly or partially denied, the Plan Administrator shall provide a
prompt written decision setting forth:
A.
the specific reason or reasons for the adverse determination;

B.
a reference to specific Plan provisions on which the adverse determination was
made;

C.
a statement that claimant is entitled to receive, upon request and free of
charge, reasonable access to, and copies of, all documents, records, and other
information relevant to the claimant’s claim for benefits; and

D.
a statement describing any voluntary appeal procedures offered by the Plan and
the claimant’s right to obtain the information about such procedures and a
statement of the claimant’s right to bring an action under Section 502(a) of
ERISA.

To the extent of its responsibility to review the denial of benefit claims, the
Plan Administrator shall have full authority to interpret and apply in its sole
discretion the provisions of the Plan. The decision of the Plan Administrator on
appeal shall be final and binding upon any and all claimants, including, but not
limited to, members and beneficiaries, and any other individuals making a claim
through or under them.
Claimants must follow the claims procedures described by this Article XX before
taking action in any other forum regarding a claim for benefits under the Plan.
Any suit or legal action initiated by a claimant under the Plan must be brought
by the claimant no later than one year following a final decision on the claim
for benefits under these claim procedures. The one-year statute of limitations
on suits for benefits shall apply in any forum where a claimant initiates such
suite or legal action. If a civil action is not filed within this period,

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the claimant’s benefit claim will be deemed permanently waived and abandoned,
and the claimant will be precluded from reasserting it.
The Plan Administrator in its sole discretion may from time to time delegate
such of its power and authority under the provisions of this Article XX to such
person(s) as it deems appropriate for the orderly administration and
determination of claims. Such delegation may include, without limitation, the
Plan Administrator’s power and authority to decide a claim or to review and
decide an appealed claim. Upon any such delegation, the delegee(s) shall have,
to the extent of the delegation, the full power, authority and discretion of the
Plan Administrator with respect to the affected claim(s).
ARTICLE XXI. ADMINISTRATION OF THE PLAN
21.01
Plan Administrator

The Corporation’s Vice President of Human Resources and Administrative Services
shall serve as Plan Administrator. The Company shall appoint such assistant
administrators as may be deemed necessary. The Plan Administrator shall be the
named fiduciary under the Plan for all purposes other than for purposes of the
control or management of the assets of the Plan.
21.02
Duties of Plan Administrator

The Plan Administrator shall be responsible for the administration and
interpretation of the Plan. The Plan intends to meet the requirements of ERISA
Section 404(c) and its regulations. Under these rules, the Plan fiduciaries may
be relieved of liability for any losses that are the direct and necessary result
of investment instructions given by a member or beneficiary. In determining the
eligibility of members and other individuals for benefits and in construing the
Plan’s terms, the Plan Administrator has the power to exercise its discretion in
the construction of doubtful, disputed, or ambiguous terms or provisions of the
Plan, in cases where the Plan terms are silent, or in the application of Plan
terms or provisions to situations not clearly or specifically addressed in the
Plan itself. In situations in which the Plan Administrator deems it to be
appropriate, the Plan Administrator may evidence (i) the exercise of such
discretion, or (ii) any other type of decision, directive, or determination

40

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they may make with respect to the Plan, in the form of a written administrative
ruling which, until revoked, or until superseded by plan amendment or by a
different administrative ruling or a different administration of the ruling,
shall thereafter be followed in the administration of the Plan.
21.03
Delegation of Duties

The Trustee and the Company may, by agreement in writing, arrange for a
delegation by the Trustee to the Plan Administrator of any of the Trustee’s
functions, except the custody of assets and discretion to manage and control the
assets, the voting with respect to shares held by the Trustee, and the purchase,
sale, or redemption of securities.
The Plan Administrator may, from time to time, delegate to any assistant plan
administrator appointed pursuant to this Article XXI the authority to exercise
any or all of the foregoing powers and such others as the Plan Administrator
deems necessary and appropriate to carry out the provisions of the Plan.
21.04
Investment Committee

With respect to investment matters, an Investment Committee shall meet, from
time to time, but in no event less frequently than annually, and shall be
responsible (i) for reviewing and monitoring the performance of any investment
managers that have been appointed and in developing appropriate guidelines and
investment strategies for such investment managers, and (ii) for carrying out
the Plan’s investment policy, in selecting and reviewing appropriate investment
options, and in addressing any related investment matters. The Committee shall
consist of the Plan Administrator, the Treasurer of the Company, and any other
officers of the Company or the Corporation whom the Plan Administrator may
appoint, from time to time, to serve upon the Committee. The Plan Administrator
is also authorized to obtain the services of legal counsel, outside consultants,
and other appropriate persons, as they deem necessary or appropriate, to assist
the Committee in performing its responsibilities. Any fees, charges, and/or
costs associated with the retention of such services shall be paid by the
Company.
21.05
Records; Statements of Accounts

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In the administration of the Plan, the Trustee or the Plan Administrator shall
maintain individual ledger records on each member’s account(s). Such records
shall reflect a member’s account(s) as between employer and employee
contributions on a continuous basis.
The records of the Trustee, the Plan Administrator, and the Company shall be
conclusive in respect to all matters involved in the administration of this Plan
except as otherwise provided herein or by law.
Any application to make member contributions, any election, any withdrawal
request, or any other direction under the Plan by a member must be accepted on
behalf of the Plan Administrator, before it shall be effective.
21.06
Costs, Expenses and Fees

All costs, expenses, and fees incurred in administering this Plan, to the extent
not paid by the Company, shall be incurred by members. Fees or charges for
investment management services shall not be paid by the Company but shall be
borne by the members electing such services. Any taxes applicable to the
member’s account(s) shall be charged or credited to the member’s account(s) by
the Trustee.
21.07
Uniformity; Governing Law

Any discretionary acts taken under this Plan by the Plan Administrator, the
Company, or the Trustee shall be uniform in their nature, shall be applicable to
all members similarly situated, and shall be administered in a nondiscriminatory
manner in accordance with the provisions of the Code and ERISA. It is intended
that the standard of judicial review applied to any determination made by the
Plan Administrator shall be the “arbitrary and capricious” standard of review.
The Plan shall be construed, whenever possible, to be in conformity with the
requirements of the Code and ERISA. To the extent not in conflict with the
preceding sentence and to the extent not preempted by ERISA, the construction of
the Plan shall be governed by the laws of the State of Delaware. Decisions of
the Plan Administrator made on all matters within the scope of their authority
shall be final and binding upon all persons, including the

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Company; any trustee, all members and beneficiaries; their heirs and personal
representatives, and all labor unions or other similar organizations
representing members.
ARTICLE XXII. PARTICIPATION BY OTHER EMPLOYERS AND EMPLOYEES
Upon specific authorization by the Board and subject to such terms and
conditions as the Board may establish, the Company may permit other members of
the Controlled Group to participate in this Plan. The terms “employer,”
“employee” and words of similar import as used in this Plan shall be deemed to
include the Company and such members of its Controlled Group, unless otherwise
provided.
ARTICLE XXIII. TOP-HEAVY PROVISIONS
If the Plan is or becomes “top-heavy” as such term is defined in Code Section
416(g) in any Plan Year, the provisions of Appendix B will supersede any
conflicting provision of this Plan.
ARTICLE XXIV. MODIFICATION AND TERMINATION
24.01
General

The right is reserved by the Company to terminate this Plan at any time in its
entirety or as to any Participating Employer, or to modify the Plan, either
prospectively or retroactively, from time to time by action of the Board.
The Company may exercise its reserved rights of amendment, modification or
termination (i) by written resolution by the Board, or a separate written
document approved by action of the Board, (ii) by the General Partner of the
Company, (iii) by written resolution by the Executive Committee of the Board, or
a separate written document approved by action of the Executive Committee, (iv)
by written actions exercised by any other committee or individual to which the
Board or the Executive Committee of that Board has specifically delegated rights
of amendment, modification or termination, or (v) by written actions exercised
by any other entity or person to which or to whom the Board or the Executive
Committee of that Board has specifically delegated rights of amendment,
modification or termination.
24.02
Amendment by Vice President of Human Resources and Administrative Services

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In addition to the other methods of amending the Plan which have been
authorized, or may in the future be authorized, by the Board, the Corporation’s
Vice President of Human Resources and Administrative Services may approve the
following types of amendments to the Plan:
(i)
With the opinion of counsel, technical amendments required by applicable laws
and regulations;

(ii)
With the opinion of counsel, amendments that are clarifications of plan
provisions;

(iii)
Amendments in connection with a signed definitive agreement governing a merger,
acquisition or divestiture such that, for the Plan, needed changes are
specifically described in the definitive agreement, or if not specifically
described in the definitive agreement, the needed changes are in keeping with
the intent of the definitive agreement;

(iv)
Amendments in connection with changes that have a minimal cost impact (as
defined below) to the Company; and

(v)
With the opinion of counsel, amendments in connection with changes resulting
from state or federal legislative actions that have a minimal cost impact (as
defined below) to the Company.

For purposes of the above, “minimal cost impact” is defined as an annual cost
impact to the Company per amendment that does not exceed the greater of (i) an
amount that is less than one-half of one percent of its documented total cost
(including administrative costs) for the previous calendar year, or (ii)
$500,000.
24.03
Amendment by Plan Administrator

The Board has delegated to the Plan Administrator the authority to make
amendments to this Plan as needed regarding any mandated changes evolving from
regulations governing the Uniformed Services Employment and Re-employment Rights
Act of 1994 (USERRA).
24.04
Plan Termination

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Upon termination of this Plan in its entirety or as to any Participating
Employer, or upon the complete discontinuance of employer contributions hereto,
each member affected shall have a fully vested, nonforfeitable right to receive
their Plan balance hereunder, including all employer contributions made thereto
at such time as permitted by law.
24.05
Retroactive Modification

The Company may modify this Plan in whole or in part, with effect retroactively,
in order to preserve its qualification, either alone or in conjunction with
other plans of the Company, under the Code or to comply with ERISA and
applicable state or federal regulations. The Company may also modify this Plan
in whole or in part with effect retroactively for any other reason, to the
extent permitted by the Code, ERISA, and other applicable laws.
24.06
Merger

This Plan may not merge or consolidate with, or transfer its assets or
liabilities to, any other plan unless each member in the Plan would (if the Plan
then terminated) receive a benefit immediately after such merger, consolidation,
or transfer which is equal to or greater than the benefit they would have been
entitled to receive immediately before such merger, consolidation, or transfer
(if the Plan had been terminated).
24.07
Change in Plan Sponsorship

In accordance with the exclusive benefit rule of Code Section 401(a), the
sponsorship of this Plan may not be transferred from the Company to an unrelated
taxpayer unless the transfer is in connection with a transfer of business
assets, operations or employees from the Company to the unrelated taxpayer.

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ARTICLE XXV. EFFECTIVE DATE OF THE PLAN
The original Marathon Oil Company Thrift Plan was initially put into effect
November 1, 1953, and as a result of the spin-off of the downstream related
business, this Plan was created as a spinoff of the original Marathon Oil
Company Thrift Plan, effective as of July 1, 2011. This Plan document is
effective as of January 1, 2016.

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SIGNATURE
IN WITNESS WHEREOF, the Company has caused this Plan Document to be adopted and
executed on its behalf effective as of January 1, 2016 by an authorized officer.
 
MARATHON PETROLEUM COMPANY, LP
 
 
 
 
 
 
/s/ Rodney P. Nichols
 
By:
 
Rodney P. Nichols
 
Its:
 
Senior Vice President
 
 
 
Human Resources and Administrative Services
 
 
 
Marathon Petroleum Corporation
 
 
 
 
 
 
Date Signed:
12/23/2015
 
 
 
 
 

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APPENDIX A: SERVICE CREDIT FOR FORMER AFFILIATED COMPANIES
1. The Plan will recognize a new hire’s previous Speedway LLC vesting service
back to January 1, 1998, for purposes of eligibility and vesting.
2. For new hires with service with an employer of the Controlled Group, other
than described above, vesting service will be recognized for eligibility and
vesting as presently defined in the Plan. Service with an employer in the MOC
controlled group, through July 1, 2011 will count for vesting and eligibility
under the Plan for hires to the Company from the MOC controlled group on July 1,
2011. Except with respect to Delayed Transfer Employees, as defined in the
Employee Matters Agreement, service with an employer in the MOC controlled group
after July 1, 2011 will not count for vesting and eligibility under the Plan.
Service of Delayed Transfer Employees, as defined in the Employee Matters
Agreement, with the MOC controlled group through their date of transfer will
count for vesting and eligibility under the Plan.
3. For any new hires (non-transferees) to any Participating Employer with
previous employment with USX Corporation (“USX”) and its wholly-owned
subsidiaries, their service between March 11, 1982 and the December 31, 2001
effective date of the United States Steel Corporation (“U.S. Steel”) spin-off
from USX will count for vesting and eligibility purposes. For these
non-transferees, service with U.S. Steel on or after the December 31, 2001
effective date of the spin-off will not count for vesting and eligibility
purposes under the Plan.

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APPENDIX B: TOP-HEAVY PROVISIONS
Section 1.
Application of Top-Heavy Provisions

This Appendix B sets forth the provisions of Code Section 416 and should be
interpreted to apply only in accordance with Code Section 416. The provisions in
this Appendix B shall take precedence over any other provisions in the Plan with
which they conflict.
Section 2.
Definitions

For purposes of this Appendix B, the following words and terms shall have the
meanings indicated:
A.
“Key Employee” means any employee or former employee (including any deceased
employee) who at any time during the Plan Year that includes the Determination
Date was an officer of the Employer having annual Gross Pay greater than
$130,000 (as adjusted under Code Section 416(i)(1) for Plan Years beginning
after December 31, 2002), a 5-percent owner of the Employer, or a 1-percent
owner of the Employer having annual Gross Pay of more than $150,000. The
determination of who is a Key Employee will be made in accordance with Code
Section 416(i)(1) and the applicable Treasury Regulations and other guidance of
general applicability issued thereunder.

B.
“Top-Heavy Plan” means a plan where any of the following conditions exist:

1.
The Top-Heavy Ratio for the plan exceeds 60% and the plan is not part of any
Required Aggregation Group or Permissive Aggregation Group;

2.
The plan is a part of a Required Aggregation Group of plans but not part of a
Permissive Aggregation Group and the Top-Heavy Ratio for the group of plans
exceeds 60%;

1

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3.
The plan is part of a Required Aggregation Group and part of a Permissive
Aggregation Group and the Top-Heavy Ratio for the Permissive Aggregation Group
exceeds 60%.

C.
“Top-Heavy Ratio” means

1.
If the Employer maintains one or more defined contributions plans (including any
simplified employee pension plan) and the Employer has not maintained any
defined benefit plan which during the five-year period ending on the
Determination Date has or has had accrued benefits, the Top-Heavy Ratio for this
Plan alone or for the Required or Permissive Aggregation Group as appropriate is
a fraction, the numerator of which is the sum of the value of all defined
contribution plan account balances maintained on behalf of a Key Employee as of
the Determination Date (including any part of the account balance distributed in
the one-year period ending on the Determination Date) (five-year period ending
on the Determination Date in the case of a distribution made for a reason other
than severance from employment, death, or disability), and the denominator of
which is the sum of all defined contribution plan account balances (including
any part of any account balance distributed in the one-year period ending on the
Determination Date) (five-year period ending on the Determination Date in the
case of a distribution made for a reason other than severance from employment,
death, or disability), both computed in accordance with Code Section 416 and the
Treasury Regulations thereunder. Both the numerator and denominator of the
Top-Heavy Ratio are increased to reflect any contribution not actually made as
of the Determination Date, but which is required to be taken into account on
that date under Code Section 416 and the Treasury Regulations thereunder.

2.
If the Employer maintains one or more defined contribution plans (including any
simplified employee pension plan), and the Employer maintains or has

2

--------------------------------------------------------------------------------

maintained one or more defined benefit plans which during the five-year period
ending on the Determination Date has or has had any accrued benefits, the
Top-Heavy Ratio for any Required or Permissive Aggregation Group as appropriate
is a fraction, the numerator of which is the sum of all defined contribution
plan account balances under the aggregated defined contribution plan or plans
for all Key Employees, determined in accordance with the paragraph above, and
the present value of accrued benefits under the aggregated defined benefit plan
or plans for all Key Employees as of the Determination Date, and the denominator
of which is the sum of all defined contribution account balances under the
aggregated defined contribution plan or plans for all participants, determined
in accordance with the above paragraph, and the present value of accrued
benefits under a defined benefit plan or plans for all members as of the
Determination Date, all determined in accordance with Code Section 416 and the
Treasury Regulations thereunder. The accrued benefits under a defined benefit
plan in both the numerator and denominator of the Top-Heavy Ratio are increased
for any distribution of an accrued benefit made in the one-year period ending on
the Determination Date (five-year period ending on the Determination Date in the
case of a distribution made for a reason other than severance from employment,
death, or disability).
3.
For purposes of the above paragraphs, the value of a member’s account balance
and the present value of accrued benefits will be determined as of the most
recent valuation date that falls within or ends with the 12-month period ending
on the Determination Date, except as provided in Code Section 416 and the
Treasury Regulations thereunder for the first and second plan years of a defined
benefit plan. The account balances and accrued benefits of a participant (i) who
is not a key employee but who was a key employee in a prior year, or (ii) who
has not been credited with at least one hour of service with any employer
maintaining the plan at any time during the one-

3

--------------------------------------------------------------------------------

year period ending on the Determination Date will be disregarded. The
calculation of the Top-Heavy Ratio and the extent to which distributions,
rollovers, and transfers are taken into account will be made in accordance with
Code Section 416 and the Treasury Regulations thereunder. Deductible employee
contributions will not be taken into account for purposes of computing the
Top-Heavy Ratio. When aggregating plans, the value of account balances and
accrued benefits will be calculated with reference to the Determination Dates
that fall within the same calendar year.
The accrued benefit of a member other than a Key Employee shall be determined
under (i) a method, if any, that uniformly applies for accrual purposes under
all defined benefit plans maintained by the Employer, or (ii) if there is no
such method, as if such benefit accrued not more rapidly than the slowest
accrual rate permitted under the fractional rule of Code Section 411(b)(1)(C).
D.
“Permissive Aggregation Group” means a Required Aggregation Group plus any other
plan or plans of the Employer which, when considered as a group with the
Required Aggregation Group, would continue to satisfy the requirements of Code
Sections 401(a)(4) and 410.

E.
“Required Aggregation Group” means a group consisting of (1) each qualified plan
of the Employer in which at least one Key Employee participated at any time
during the Plan Year containing the Determination Date or any of the four
preceding Plan Years (regardless of whether the plan has terminated), and (2)
any other qualified plan of the Employer which enables a plan described in (1)
to meet the requirements of Code Sections 401(a)(4) or 410.

F.
“Determination Date” means the last day of the Plan Year immediately preceding
the Plan Year for which top-heaviness is to be determined or, in the case of the
first Plan Year of a new plan; the last day of such Plan Year.

4

--------------------------------------------------------------------------------

Section 3.
Accelerated Vesting

In the event the Plan is a Top-Heavy Plan, the vesting schedule of Section 11.01
shall continue to apply.
Section 4.
Minimum Contribution

For any Plan Year in which this Plan is determined to be a Top-Heavy Plan, a
minimum contribution shall be made to the account of each non-Key Employee who
participates in the Plan. For the purpose of this Section, the minimum employer
contribution shall be equal to the lesser of (a) 3% of such non-Key Employee’s
Gross Pay, or (b) the largest percentage of such Gross Pay provided for a Key
Employee during the Plan Year. For purposes of this Section, elective deferrals
of Key Employees shall be treated as Employer contributions, and Gross Pay will
be defined in the same way as to apply the limit in Section 7.01(b). In
determining the amount of Employer contributions which are needed to satisfy the
requirements of this Section, employee deferrals for non-Key Employees shall not
be taken into account. Notwithstanding the prior provisions of this Section, a
minimum contribution shall not be made to any employee to the extent the
employee is covered under any other plan of the Employer and the Employer has
provided that the minimum allocation or benefit requirement applicable to
Top-Heavy Plans shall be met in the other plan or plans.
Section 5.
Coordination With Other Plans

If a non-Key Employee participates in this Plan and a defined benefit plan which
is part of the Required or Permissive Aggregation Group that is determined to be
a Top-Heavy Plan, the defined benefit and defined contribution minimums of Code
Section 416(c) will be satisfied by providing each such employee with the
defined benefit minimum established in Section 5.01 of Appendix A to the
Marathon Petroleum Retirement Plan (RMT Sub-Plan).

5

--------------------------------------------------------------------------------

APPENDIX C: SERVICE WITH ACQUIRED COMPANIES
Except as otherwise noted, for individuals who became members of the Plan as a
direct result of the Company’s or a Participating Employer’s acquisition of any
of the following companies (or portions thereof), the service of such
individuals which was recognized by such companies (or portions thereof) for
purposes of vesting under a defined benefit or defined contribution plan, is
recognized as vesting service for purposes of the Plan:
Acquired Companies Prior to January 1, 2016
Amoco Corporation
MarkWest Hydrocarbon, Inc.
Occidental Petroleum Company with
Aurora Gasoline Company - Option 1*
CLAM
- Option 2
Pan Ocean Oil Corporation
BP Products North America, Inc.
Pennaco Energy, Inc.
Buckeye Pipe Line Company
Platte Pipe Line Company
Center Terminal Company – Hartford
Plymouth Oil Company
Center Terminal Company – Indianapolis
PPG Industries, Inc.
Chevron Corporation
R.I. Marketing, Inc. (certain employees
CMS Energy Corporation
transferred to a Participating Employer)
Conoco, Inc.
Republic Barge Transportation Company
Cotton Valley Operators Committee
Rock Island Refining Corporation
Ecol, Ltd.
Ross Oil Corporation
ExxonMobil Terminal (Charleston, WV)
Shell Pipeline Company LP***
ExxonMobil Terminal (Selma, NC)
Signal Oil Company
Felda Iffco, LLC***
Texaco, Inc.
Globe Oil and Refining Company
Unocal
Haynesville Operators Committee**
Ultramar Diamond Shamrock
Hess Corporation and Hess Retail Operations LLC***
Wake Up Oil Company
Husky Oil Company
WilcoHess LLC
Joint Venture Company – Ashland Inc. (limited to individuals transferred from
Ashland Inc. to Marathon Ashland Petroleum LLC (MAP or any one of MAP’s
participating employers between January 1, 1998 and June 30, 2005)
 

1

--------------------------------------------------------------------------------

*
75% of the vesting service recognized by Aurora Gasoline Company is recognized
by the Plan for the time period prior to January 1, 1975. 100% of such service
is recognized thereafter.
**
50% of the vesting service recognized by Haynesville Operators Committee is
recognized by the Plan.
***
Service, if fractional, will be rounded up to the next whole number.

2

--------------------------------------------------------------------------------

APPENDIX D: MINIMUM DISTRIBUTION REQUIREMENTS
Section 1.     General Rules
1.1    Effective Date. The provisions of this Appendix will apply for purposes
of determining required minimum distributions for calendar years beginning with
the 2003 calendar year.
1.2    Precedence. The requirements of this Appendix will take precedence over
any inconsistent provisions of the plan.
1.3    Requirements of Treasury Regulations Incorporated. All distributions
required under this Appendix will be determined and made in accordance with the
Treasury Regulations under Code Section 401(a)(9).
1.4    TEFRA Section 242(b)(2) Elections. Notwithstanding the other provisions
of this Appendix, distributions may be made under a designation made before
January 1, 1984, in accordance with Section 242(b)(2) of the Tax Equity and
Fiscal Responsibility Act (TEFRA) and the provisions of the Plan that relate to
Section 242(b)(2) of TEFRA.
Section 2.     Time and Manner of Distribution
2.1    Required Beginning Date. The participant’s entire interest will be
distributed, or begin to be distributed, to the participant no later than the
participant’s required beginning date.
2.2    Death of Participant Before Distributions Begin. If the participant dies
before distributions begin, the participant’s entire interest will be
distributed, or begin to be distributed, no later than as follows:
(a)
If the participant’s surviving spouse is the participant’s sole designated
beneficiary, then distributions to the surviving spouse will begin by December
31 of the calendar year immediately following the calendar year in which the
participant died, or by December 31 of the calendar year in which the
participant would have attained age 70½, if later.

1

--------------------------------------------------------------------------------

(b)
If the participant’s surviving spouse is not the participant’s sole designated
beneficiary, then distributions to the designated beneficiary will begin by
December 31 of the calendar year immediately following the calendar year in
which the participant died.

(c)
If there is no designated beneficiary as of September 30 of the year following
the year of the participant’s death, the participant’s entire interest will be
distributed by the second anniversary of the participant’s death.

(d)
If the participant’s surviving spouse is the participant’s sole designated
beneficiary and the surviving spouse dies after the participant but before
distributions to the surviving spouse begin, this Section 2.2, other than
Section 2.2(a), will apply as if the surviving spouse were the participant.

For purposes of this Section 2.2 and Section 4, unless Section 2.2(d) applies,
distributions are considered to begin on the participant’s required beginning
date. If Section 2.2(d) applies, distributions are considered to begin on the
date distributions are required to begin to the surviving spouse under Section
2.2(a). If distributions under an annuity purchased from an insurance company
irrevocably commence to the participant before the participant’s required
beginning date (or to the participant’s surviving spouse before the date
distributions are required to begin to the surviving spouse under Section
2.2(a)), the date distributions are considered to begin is the date
distributions actually commence.
2.3    Forms of Distribution. Unless the participant’s interest is distributed
in the form of an annuity purchased from an insurance company or in a single sum
on or before the required beginning date, as of the first distribution calendar
year distributions will be made in accordance with Sections 3 and 4 of this
Appendix. If the participant’s interest is distributed in the form of an annuity
purchased from an insurance company, distributions thereunder will be made in
accordance with the requirements of Code Section 401(a)(9) and Treasury
Regulations.
Section 3.     Required Minimum Distributions During Participant’s Lifetime

2

--------------------------------------------------------------------------------

3.1    Amount of Required Minimum Distribution For Each Distribution Calendar
Year. During the participant’s lifetime, the minimum amount that will be
distributed for each distribution calendar year is the lesser of:
(a)
the quotient obtained by dividing the participant’s account balance by the
distribution period in the Uniform Lifetime Table set forth in Section
1.401(a)(9)-9 of the Treasury Regulations, using the participant’s age as of the
participant’s birthday in the distribution calendar year; or

(b)
if the participant’s sole designated beneficiary for the distribution calendar
year is the participant’s spouse, the quotient obtained by dividing the
participant’s account balance by the number in the Joint and Last Survivor Table
set forth in Section 1.401(a)(9)-9 of the Treasury Regulations, using the
participant’s and spouse’s attained ages as of the participant’s and spouse’s
birthdays in the distribution calendar year.

3.2    Lifetime Required Minimum Distributions Continue Through Year of
Participant’s Death. Required minimum distributions will be determined under
this Section 3 beginning with the first distribution calendar year and up to and
including the distribution calendar year that includes the participant’s date of
death.
Section 4.     Required Minimum Distributions After Participant’s Death
4.1    Death On or After Date Distributions Begin
(a)
Participant Survived by Designated Beneficiary. If the participant dies on or
after the date distributions begin and there is a designated beneficiary, the
minimum amount that will be distributed for each distribution calendar year
after the year of the participant’s death is the quotient obtained by dividing
the participant’s account balance by the longer of the remaining life expectancy
of the participant or the remaining life expectancy of the participant’s
designated beneficiary, determined as follows:

3

--------------------------------------------------------------------------------

(1)
The participant’s remaining life expectancy is calculated using the age of the
participant in the year of death, reduced by one for each subsequent year.

(2)
If the participant’s surviving spouse is the participant’s sole designated
beneficiary, the remaining life expectancy of the surviving spouse is calculated
for each distribution calendar year after the year of the participant’s death
using the surviving spouse’s age as of the spouse’s birthday in that year. For
distribution calendar years after the year of the surviving spouse’s death, the
remaining life expectancy of the surviving spouse is calculated using the age of
the surviving spouse as of the spouse’s birthday in the calendar year of the
spouse’s death, reduced by one for each subsequent calendar year.

(3)
If the participant’s surviving spouse is not the participant’s sole designated
beneficiary. the designated beneficiary’s remaining life expectancy is
calculated using the age of the beneficiary in the year following the year of
the participant’s death, reduced by one for each subsequent year.

(b)
No Designated Beneficiary. If the participant dies on or after the date
distributions begin and there is no designated beneficiary as of September 30 of
the year after the year of the participant’s death, the minimum amount that will
be distributed for each distribution calendar year after the year of the
participant’s death is the quotient obtained by dividing the participant’s
account balance by the participant’s remaining life expectancy calculated using
the age of the participant in the year of death, reduced by one for each
subsequent year.

4.2    Death Before Date Distributions Begin.
(a)
Participant Survived by Designated Beneficiary. Except as provided in the Plan,
if the participant dies before the date distributions begin and there is a
designated beneficiary, the minimum amount that will be distributed for each
distribution calendar year after the year of the participant’s death is the
quotient obtained by

4

--------------------------------------------------------------------------------

dividing the participant’s account balance by the remaining life expectancy of
the participant’s designated beneficiary, determined as provided in Section 4.1.
(b)
No Designated Beneficiary. If the participant dies before the date distributions
begin and there is no designated beneficiary as of September 30 of the year
following the year of the participant’s death, distribution of the participant’s
entire interest will be completed by the second anniversary of the participant’s
death.

(c)
Death of Surviving spouse Before Distributions to Surviving Spouse Are Required
to Begin. If the participant dies before the date distributions begin, the
participant’s surviving spouse is the participant’s sole designated beneficiary,
and the surviving spouse dies before distributions are required to begin to the
surviving spouse under Section 2.2(a), this Section 4.2 will apply as if the
surviving spouse were the participant.

Section 5.     Definitions
5.1    Designated beneficiary. The individual who is designated as the
beneficiary under Article XVI of the Plan and is the designated beneficiary
under Section 401(a)(9) of the Internal Revenue Code and Section 1.401(a)(9)-4,
Q&A-1, of the Treasury Regulations.
5.2    Distribution calendar year. A calendar year for which minimum
distribution is required. For distributions beginning before the participant’s
death, the first distribution calendar year is the calendar year immediately
preceding the calendar year which contains the participant’s required beginning
date. For distributions beginning after the participant’s death, the first
distribution calendar year is the calendar year in which distributions are
required to begin under Section 2.2. The required minimum distribution for the
participant’s first distribution calendar year will be made on or before the
participant’s required beginning date. The required minimum distribution for
other distribution calendar years, including the required minimum distribution
for the distribution calendar year in which the participant’s required beginning
date occurs, will be made on or before December 31 of that distribution calendar
year.

5

--------------------------------------------------------------------------------

5.3    Life expectancy. Life expectancy as computed by use of the Single Life
Table in Section 1.401(a)(9)-9 of the Treasury Regulations.
5.4    Participant’s account balance. The account balance as of the last
valuation date in the calendar year immediately preceding the distribution
calendar year (valuation calendar year) increased by the amount of any
contributions made and allocated or forfeitures allocated to the account balance
as of dates in the valuation calendar year after the valuation date and
decreased by distributions made in the valuation calendar year after the
valuation date. The account balance for the valuation calendar year includes any
amounts rolled over or transferred to the plan either in the valuation calendar
year or in the distribution calendar year if distributed or transferred in the
valuation calendar year.
5.5    Required beginning date. April 1 of the calendar year following the later
of (i) the calendar year in which the participant attains age 70½ or (ii) the
calendar year in which the participant retires; provided, however, that if the
participant is a 5% owner of the business, the required beginning date is April
1 of the calendar year following the calendar year in which the participant
attains age 70½.
Section 6. Exceptions to Distribution Requirements Described Elsewhere in
Appendix D
6.1    Election to Apply 5-Year Rule to Distributions to Designated Non-Spouse
Beneficiaries. If the participant dies before distributions begin and there is a
designated non-spouse beneficiary, distribution to the designated non-spouse
beneficiary is not required to begin by the date specified in Section 2.2 of
this Appendix D, but the participant’s entire interest will be distributed to
the designated non-spouse beneficiary by the fifth anniversary of the
participant’s death. If the participant’s surviving spouse is the participant’s
sole designated beneficiary and the surviving spouse dies after the participant
but before distributions to either the participant or the surviving spouse
begin, this election will apply as if the surviving spouse were the participant.
6.2    Participant Election to Receive Required Minimum Distribution for 2009.
Participants, alternate payees and beneficiaries who would otherwise receive a
required minimum distribution under this Appendix have the right to elect to
receive for 2009: (a) no distribution, (b) the amount which would, but for this
paragraph, have been the required minimum distribution under the Plan for 2009
or (c) any other amount otherwise available under the Plan. If the participant,
alternate

6

--------------------------------------------------------------------------------

payee or beneficiary fails to make an election, then the Plan will make no
distribution for 2009 to the participant, alternate payee or beneficiary.

7

--------------------------------------------------------------------------------

APPENDIX E: RULES GOVERNING ROTH DEFERRAL CONTRIBUTIONS
Section 1.     General Application
1.1    This article will apply to Roth Deferral Contributions.
1.2    The Plan will accept Roth Deferral Contributions made on behalf of
members. A member’s Roth Deferral Contributions will be allocated into a
separate account maintained for such deferrals as described in section 2
(referred to in the Plan as the “Roth Deferral Contribution Account”).
1.3    Unless specifically stated otherwise, Roth Deferral Contributions will be
treated as elective deferrals for all purposes under the Plan.
Section 2.     Separate Accounting
2.1    Contributions and withdrawals for Roth Deferral Contributions will be
credited and debited to the Roth Deferral Contribution Account maintained for
each member.
2.2    The Plan will maintain a record of the amount of Roth Deferral
Contributions in each member’s account.
2.3    No contributions other than Roth Deferral Contributions and properly
attributable earnings will be credited to each member’s Roth Deferral
Contribution Account.
Section 3.     Direct Rollovers
3.1    Notwithstanding any provision of the Plan to the contrary, a direct
rollover of a distribution from a Roth Deferral Contribution Account under the
Plan will only be made to another Roth elective deferral account under an
applicable retirement plan described in Code Section 402A(e)(1) or to a Roth IRA
described in Code Section 408A, and only to the extent the rollover is permitted
under the rules of Code Section 402(c).
3.2    Notwithstanding any provision of the Plan to the contrary, the Plan will
accept a rollover contribution to a Roth Rollover Account only if it is a direct
rollover from another Roth elective deferral account under an applicable
retirement plan described in Code Section 402A(e)(1) and only to the extent the
rollover is permitted under the rules of Code Section 402(c).

1

--------------------------------------------------------------------------------

3.3    The Plan will not provide for a direct rollover (including an automatic
rollover) for distributions from a member’s Roth Deferral Contribution Account
if the amount of the distributions that are eligible rollover distributions are
reasonably expected to total less that $200 during a year. Eligible rollover
distributions from a member’s Roth Deferral Contribution Account are taken into
account in determining whether the total amount of the member’s account balances
under the Plan exceeds $1,000 for purposes of mandatory distributions from the
Plan.
Section 4.     Definition
4.1    Roth Deferral Contributions. A Roth Deferral Contribution is an elective
deferral that is:
(a)
Designated irrevocably by the member at the time of the cash or deferred
election as a Roth Deferral Contribution that is being made in lieu of all or a
portion of the Pre-Tax Contributions the member is otherwise eligible to make
under the Plan; and

(b)
Treated by the employer as includible in the member’s income at the time the
member would have received that amount in cash if the member had not made a cash
or deferred election.

2

--------------------------------------------------------------------------------

FIRST AMENDMENT TO THE
MARATHON PETROLEUM THRIFT PLAN

Pursuant to the powers of amendment reserved under Section 24.01 of the Marathon
Petroleum Thrift Plan, restated effective January 1, 2016 (“Plan”), the Marathon
Petroleum Thrift Plan is hereby amended as follows, effective as of January 1,
2016:

FIRST AND ONLY CHANGE

The following paragraph is hereby inserted immediately before Article I:
“The Marathon Petroleum Thrift Plan (the “Marathon Plan”) was originally adopted
by Marathon Petroleum Company LP effective July 1, 2011. It has been amended and
restated several times since then, most recently effective as of January 1,
2016. Effective January 1, 2016, pursuant to an Instrument of Merger and
Amendment between the Company and Speedway LLC (an affiliate of the Company),
the Speedway Retirement Savings Plan (the “Speedway Plan”) was merged with and
into the Marathon Plan to form a single plan (the “Merged Plan”). The Merged
Plan is hereby named the Marathon Petroleum Thrift Plan, and until otherwise
amended, the provisions of the Merged Plan shall be maintained in two separate
documents known as (a) the Marathon Petroleum Thrift Plan, the provisions of
which are set forth in the Marathon Petroleum Thrift Plan, restated effective as
of January 1, 2016 (the “Marathon Petroleum Thrift Plan Document”), and (b) the
Speedway Retirement Savings Plan, the provisions of which are set forth in the
Speedway Retirement Savings Plan, as amended and restated effective as of
January 1, 2016 (the “Speedway Retirement Savings Sub-Plan Document”). The
rights and benefits of the participants and beneficiaries under the Speedway
Plan as in effect immediately prior to the opening of business on January 1,
2016 shall continue to be governed on and after January 1, 2016 by the
provisions of the Speedway Retirement Savings Sub-Plan Document, as such
document may be amended from time to time, and the rights and benefits of the
participants and beneficiaries under the Marathon Plan, as in effect immediately
prior to the opening of business on January 1, 2016, shall be governed by the
provisions of the Marathon Petroleum Thrift Plan Document set forth herein and
as may be amended from time to time. Whenever the term “Plan” is used herein, it
shall refer only to the Marathon Petroleum Thrift Plan Document.”

The Marathon Petroleum Thrift Plan, as amended by the foregoing change, is
hereby ratified and confirmed in all respects.

--------------------------------------------------------------------------------

IN WITNESS WHEREOF, the undersigned officer has caused this Amendment to be
executed effective as of the date specified above.

 
 
 
 
 
 
 
 
/s/ Rodney P. Nichols
 
By:
 
Rodney P. Nichols
 
Its:
 
Senior Vice President
 
 
 
Human Resources and Administrative Services
 
 
 
Marathon Petroleum Corporation
 
 
 
 
 
 
Date Signed:
2/12/2016
 
 
 
 
 

--------------------------------------------------------------------------------

SPEEDWAY
RETIREMENT SAVINGS PLAN
(As Amended and Restated Effective January 1, 2016)

--------------------------------------------------------------------------------

ARTICLE I - DEFINITIONS
1

 
1.1
 
Definitions
1

 
1.2
 
Construction
20

ARTICLE II - ELIGIBILITY AND PARTICIPATION
22

 
2.1
 
Prior Participation
22

 
2.2
 
Participation on or after January 1, 2016
22

 
2.3
 
Duration of Participation
22

 
2.4
 
Veterans Reemployment
22

ARTICLE III - PARTICIPANT CONTRIBUTIONS
24

 
3.1
 
Pre-Tax Contributions; Roth Contributions
24

 
3.2
 
After-Tax Contributions
24

 
3.3
 
Catch-Up Contributions
24

 
3.4
 
Rollover Contributions and Plan to Plan Transfers
25

 
3.5
 
Roth In-Plan Conversion
26

 
3.6
 
Contribution Elections
26

 
3.7
 
Change in Participant Contributions
27

 
3.8
 
Automatic Increase Program
27

 
3.9
 
Restrictions on Pre-Tax Contributions and Roth Contributions
28

ARTICLE IV - EMPLOYER CONTRIBUTIONS
30

 
4.1
 
Employer Matching Contributions
30

 
4.2
 
Non-Elective Employer Contribution
30

 
4.3
 
Employer Contributions
32

 
4.4
 
Return of Contributions to Employers
32

 
4.5
 
Safe Harbor Provisions
33

ARTICLE V - INVESTMENTS; LOANS
34

 
5.1
 
Investment of Funds
34

 
5.2
 
Account
35

 
5.3
 
Reports
36

 
5.4
 
Valuation of Accounts
36

 
5.5
 
Loans to Participants
38

ARTICLE VI - VESTING AND FORFEITURES
41

 
6.1
 
Participants’ Accounts Vested
41

i

--------------------------------------------------------------------------------

 
6.2
 
Forfeiture on Termination of Employment
43

ARTICLE VII - IN-SERVICE WITHDRAWALS
44

 
7.1
 
In-Service Withdrawals
44

 
7.2
 
Account and Investment Withdrawal Order for Partial In-Service Withdrawals
44

 
7.3
 
In-Service Withdrawal of Entire Distributable Vested Plan Balance
46

 
7.4
 
Distributions due to Military Service
47

ARTICLE VIII - WITHDRAWALS AFTER TERMINATION OF EMPLOYMENT
48

 
8.1
 
General
48

 
8.2
 
Timing and Commencement of Benefits
48

 
8.3
 
Withdrawal Rights after Termination of Employment
49

 
8.4
 
Reinstatements
49

 
8.5
 
Settlement Options
51

 
8.6
 
Installment Options
54

 
8.7
 
Distributions on Account of Death
55

 
8.8
 
Distributions Pursuant to a Qualified Domestic Relations Order
55

 
8.9
 
Provision Pursuant to Section 401(a)(9) of the Code
56

 
8.10
 
Automatic Rollovers
56

ARTICLE IX - ADMINISTRATION OF THE PLAN AND TRUST
57

 
9.1
 
Plan Administrator
57

 
9.2
 
Duties of Plan Administrator
57

 
9.3
 
Delegation of Duties
57

 
9.4
 
Investment Committee
58

 
9.5
 
Records; Statements of Accounts
58

 
9.6
 
Costs, Expenses and Fees
59

 
9.7
 
Uniformity
59

 
9.8
 
The Trust Fund
60

 
9.9
 
Payment of Benefits
60

ARTICLE X - CLAIMS PROCEDURES
61

 
10.1
 
Filing Claim
61

 
10.2
 
Notification by Administrator
61

 
10.3
 
Review Procedure
61

ii

--------------------------------------------------------------------------------

 
10.4
 
Timing of Legal Action
63

 
10.5
 
Delegation by Administrator
63

ARTICLE XI - FIDUCIARY RESPONSIBILITY
64

 
11.1
 
Immunities
64

 
11.2
 
Allocation and Delegation of Fiduciary Responsibilities
64

ARTICLE XII - CODE SECTIONS 415 AND 416 PROVISIONS
66

 
12.1
 
Provision Pursuant to Code Section 415(c)
66

 
12.2
 
Provision Pursuant to Code Section 416
68

ARTICLE XIII - MISCELLANEOUS
76

 
13.1
 
Prohibition on Assignment of Interest
76

 
13.2
 
Facility of Payment
76

 
13.3
 
No Enlargement of Employment Rights
77

 
13.4
 
Merger or Transfer of Assets
77

 
13.5
 
Severability Provision
77

 
13.6
 
Military Service
77

 
13.7
 
Electronic Media
78

 
13.8
 
Limitations on Investments and Transactions/Conversions
78

 
13.9
 
Subrogation and Reimbursement
79

ARTICLE XIV - OTHER EMPLOYERS
80

 
14.1
 
Adoption by Other Employers
80

 
14.2
 
Contribution of Employers
80

 
14.3
 
Withdrawal of Employer
80

ARTICLE XV - AMENDMENT OR TERMINATION
81

 
15.1
 
Right to Amend or Terminate
81

 
15.2
 
Procedure for Termination or Amendment
81

 
15.3
 
Distribution Upon Termination
81

 
15.4
 
Provision Pursuant to Section 411(d)(3) of the Code
81

APPENDIX A - MINIMUM DISTRIBUTION REQUIREMENTS
83

iii

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SPEEDWAY
RETIREMENT SAVINGS PLAN
(As Amended and Restated Effective January 1, 2016)

Speedway LLC (the “Company”) hereby amends and restates the Speedway Retirement
Savings Plan (the “Plan”) effective, except as otherwise specifically provided
herein, January 1, 2016. The Plan, originally effective January 1, 1993, has
been amended and restated several times, most recently effective December 7,
2012, and has been further amended several times after the December 7, 2012
restatement. The Company desires to amend the Plan to incorporate a safe harbor
matching contribution, to change the eligibility for nonelective employer
contributions, to make other nonsubstantive revisions, and to restate the Plan,
as so amended, as an individually designed plan, all effective January 1, 2016.

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ARTICLE I - DEFINITIONS
1.1    Definitions. The following terms when used herein with initial capital
letters, unless the context clearly indicates otherwise, shall have the
following respective meanings:
(1)    Account. A Participant’s entire account under this Plan, consisting of
his or her Pre-Tax Basic Contributions Account, Pre-Tax Catch Up Contributions
Account, After-Tax Contributions Account, Non-Roth Rollover Contributions
Account, Non-Roth After-Tax Rollover Contributions Account, Roth Basic
Contributions Account, Roth Catch Up Contributions Account, Roth Rollover
Contributions Account, Roth In-Plan Conversion Account, Safe Harbor Employer
Matching Contributions Account, Pre-2016 Employer Matching Contributions
Account, Non-Elective Employer Contributions Account, Prior Plan After-Tax
Contributions Account and Prior Plan Employer Contributions Account.
(2)     Active Participant. An Eligible Employee of an Employer is an Active
Participant for any period during which the Employee is receiving Considered
Compensation and has elected to make Contributions to the Plan in accordance
with Article III.
(3)    Administrator or Plan Administrator. The Administrator of the Plan, as
defined in Section 3(16)(A) of ERISA and Section 414(g) of the Code, shall be
Philip E. Hall, who may delegate all or any part of his powers, duties and
authorities in such capacity (without ceasing to be the Administrator of the
Plan) as hereinafter provided.
(4)    After-Tax Contributions. The contributions which an Active Participant
elects to make to the Plan in accordance with Section 3.2.
(5)    After-Tax Contribution Account. That portion of the Trust Fund which,
with respect to any Participant, is attributable to the Participant’s own
After-Tax Contributions and any investment earnings or losses thereon.

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(6)    Alternate Payee. A person who, pursuant to a QDRO, is entitled to all or
any portion of the balance of the Account of a Participant or Beneficiary.
(7)    Beneficiary.
(a)    In the case of a Participant other than an Alternate Payee, the
Participant’s Spouse or, if the Participant has no Spouse or the Participant’s
Spouse consents (in the manner hereinafter described in this paragraph) to the
designation hereinafter provided for in this paragraph, such person or persons
other than, or in addition to, the Participant’s Spouse as may be designated by
a Participant as his or her death beneficiary under the Plan. Such a designation
may be made, revoked or changed only by an instrument (in form acceptable to the
Administrator) which is signed by the Participant, which includes the
Participant’s Spouse’s written consent to the action to be taken pursuant to
such instrument (unless such action results in the Spouse being named as the
Participant’s sole Beneficiary), and which is filed with the Administrator
before the Participant’s death. A Spouse’s consent required by this paragraph
shall be signed by the Spouse, shall designate a Beneficiary (or a form of
benefits) which may not be changed without spousal consent (unless the consent
of the Spouse expressly permits designation by the Participant without any
requirement of further consent by the Spouse), shall acknowledge the effect of
such consent, shall be witnessed by a notary public and shall be effective only
with respect to such Spouse.
(b)    In the case of an Alternate Payee, such person or persons as may be
designated by the Alternate Payee as the Alternate Payee’s death beneficiary
under the Plan. Such a designation may be made, revoked or changed only by an
instrument (in

3

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form acceptable to the Administrator) which is signed by the Alternate Payee and
filed with the Administrator before the Alternate Payee’s death.
(c)    If a Participant dies without a valid beneficiary designation, the
Participant’s Account(s) will be paid to the person or persons comprising the
first surviving class of the classes listed in the order below and such person
or persons will receive the funds in a single sum. The eligible classes are set
forth below:
(i)    The Participant’s surviving Spouse;
(ii)    The Participant’s surviving children (either natural born or adopted
through a final adoption order issued by a court of competent jurisdiction prior
to the Participant’s death) but specifically excluding step children;
(iii)    The Participant’s surviving parents;
(iv)    The Participant’s surviving brothers and sisters;
(v)    The executor or administrator of the Participant’s estate.
(8)    Catch-Up Contributions. The contributions which an Active Participant
elects to make to the Plan in accordance with Section 3.3.
(9)    Change in Control. A change in control of Marathon Petroleum Corporation
(the “Corporation”) of a nature that would be required to be reported in
response to Item 6(e) of Schedule 14A of Regulation 14A promulgated under the
Securities and Exchange Act of 1934, as amended (the “Exchange Act”), whether or
not the Corporation is then subject to such reporting requirement; provided,
that, without limitation, such a Change in Control shall be deemed to have
occurred if:

4

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(a)    Any person (as such term is used in Sections 13(d) and 14(d) of the
Exchange Act) (a “Person”) is or becomes the “beneficial owner” (as defined in
Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the
Corporation (not included in the securities beneficially owned by such person
any such securities acquired directly from the Corporation or its affiliates)
representing twenty percent (20%) or more of the combined voting power of the
Corporation’s then outstanding voting securities; provided, however, that for
purposes of this Plan the term “Person” shall not include (i) the Corporation or
any of its subsidiaries; (ii) a trustee or other fiduciary holding securities
under an employee benefit plan of the Corporation or any of its subsidiaries;
(iii) an underwriter temporarily holding securities pursuant to an offering of
such securities; or (iv) a corporation owned, directly or indirectly, by the
stockholders of the Corporation in substantially the same proportions as their
ownership of stock of the Corporation; and provided further, however, that for
purposes of this paragraph (a), there shall be excluded any Person who becomes
such a beneficial owner in connection with an Excluded Transaction (as defined
in paragraph (c) below); or
(b)    The following individuals cease for any reason to constitute a majority
of the number of directors then serving: individuals who, on the date hereof,
constitute the Board and any new directors (other than a director whose initial
assumption of office is in connection with an actual or threatened election
contest including, but not limited to, a consent solicitation, relating to the
election of directors of the Corporation) whose appointment or election by the
board of the Corporation or nomination for election by the Corporation’s
stockholders was approved or recommended by a vote of at least two-thirds (2/3)
of the directors then still in office who either were directors on the date

5

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hereof or whose appointment, election or nomination for election was previously
so approved or recommended; or
(c)    There is consummated a merger or consolidation of the Corporation or any
direct or indirect subsidiary thereof with any other corporation, other than a
merger or consolidation (an “Excluded Transaction”) which would result in the
voting securities of the Corporation outstanding immediately prior thereto
continuing to represent (either by remaining outstanding or by being converted
into voting securities of the surviving corporation or any parent thereof) at
least 50% of the combined voting power of the voting securities of the entity
surviving the merger or consolidation (or the parent of such surviving entity)
immediately after such merger or consolidation, or the shareholders of the
Corporation approve a plan of complete liquidation of the Corporation, or there
is consummated the sale or other disposition of all or substantially all of the
Corporation’s assets.
Notwithstanding any other provision to the contrary, in no event shall the
transfer of ownership interests in the Company in and of itself constitute a
Change in Control under this Plan.
(10)    Code. The Internal Revenue Code of 1986, as it has been and may be
amended from time to time.
(11)    Company. Speedway LLC.
(12)    Comparable Plan. A pension, profit sharing, or stock bonus plan which
meets the requirements for qualification under Section 401(a) of the Code and is
exempt from taxation under Section 501(a) of the Code.

6

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(13)    Considered Compensation. A Participant’s “compensation” as defined in
Treasury Regulations Section 1.415(c)-2(d)(2), that is, a Participant’s wages
(including short-term disability payments made by an Employer), salaries, fees
for professional services, and other amounts received (without regard to whether
the amount is paid in cash) for personal services actually rendered in the
course of employment with an Employer as an Employee during the relevant Plan
Year to the extent that the amounts are includible in gross income (or to the
extent the amounts would have been received and includible in gross income but
for an election under Section 125(a), 132(f)(4), 402(e)(3), 402(h)(1)(B), or
457(b) of the Code), reduced by all of the following items (even if includible
in gross income): reimbursements or other expense allowances (including, but not
limited to, relocation expenses, company-paid parking and transportation
expenses, tax allowances, moving expenses and automobile allowances), fringe
benefits (cash and non-cash), deferred compensation (including, but not limited
to, performance share awards), certain employee prizes (including awards such as
Marawards and awards similar thereto), premiums for group-term life insurance,
and welfare benefits (exclusive of short-term disability benefits paid by an
Employer). In addition, those items of compensation listed in Treasury
Regulations Section 1.415(c)-2(c) are excluded. Considered Compensation does not
include amounts earned for service with Controlled Group Members who are not
Employers nor amounts earned other than as an Eligible Employee. Considered
Compensation shall also include any differential wage payments (within the
meaning of Section 3401(h)(2) of the Code) made to an Eligible Employee by an
Employer.
Where an Eligible Employee terminates employment such that the Eligible Employee
is no longer employed by a Controlled Group Member, Considered Compensation
shall include regular compensation for services actually performed during
regular working hours

7

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(including, but not limited to, overtime, commissions, and bonus compensation)
that is paid after employment termination solely because the applicable pay date
occurs after the Eligible Employee’s employment is terminated, but shall not
include, in any circumstance, (i) amounts paid after the later of the end of the
Plan Year that includes the Eligible Employee’s employment termination date or
2½ months after the employment termination date, (ii) remuneration for accrued
vacation or other leave paid after the employment termination date; (iii) salary
continuation paid after the employment termination date; or (iv) severance pay
paid after the employment termination date. The maximum annual Considered
Compensation recognized by the Plan for an Eligible Employee may not exceed the
amount set forth under Section 401(a)(17) of the Code, as adjusted from time to
time in accordance with the law. Considered Compensation means Considered
Compensation (as defined herein) paid during the Plan Year or such other
consecutive 12-month period over which Considered Compensation is otherwise
determined under the Plan (“determination period”). Any adjustment in accordance
with the law in effect for a calendar year applies to Considered Compensation
for the determination period that begins with or within such calendar year.
(14)    Contributions. Contributions shall mean with respect to a Participant,
the amount of the Participant’s Pre-Tax Basic Contributions, Pre-Tax Catch Up
Contributions, After-Tax Contributions, Non-Roth Rollover Contributions,
Non-Roth After-Tax Rollover Contributions, Roth Basic Contributions, Roth Catch
Up Contributions, Roth Rollover Contributions, Roth In-Plan Conversions, Safe
Harbor Employer Matching Contributions, Pre-2016 Employer Matching
Contributions, Non-Elective Employer Contributions, Prior Plan After-Tax
Contributions and Prior Plan Employer Contributions.

8

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(15)    Controlled Group. The Company and any and all other corporations, trades
and/or businesses, the employees of which together with Employees of the Company
are required, by Section 414 of the Code to be treated as if they were employed
by a single employer. Each corporation or unincorporated trade or business that
is or was a member of the Controlled Group shall be referred to herein as a
“Controlled Group Member,” but only with respect to such period as it is or was
such a member.
(16)    Deferred Participant. A Deferred Participant is any Participant who
ceases to have an employment relationship with any Controlled Group Member, does
not qualify as a Retired Participant, and continues to maintain an open Account.
Deferred Participants who have a vested Plan balance of $5,000 or less may
maintain open accounts until no later than 60 days after their date of
termination of employment or as soon as administratively feasible thereafter.
All other Deferred Participants may maintain open accounts until no later than
the April 1 immediately following the calendar year in which such Participants
attain age 70-1/2.
(17)    Disability or Disabled. Any permanent disability qualifying the
Participant for disability benefits under the federal Social Security system or
under the Employer’s long-term disability program.
(18)    Eligible Employee.
(a)    Any Employee of an Employer who is regularly classified by an Employer as
an Employee in Salary Grade 11 or below and who meets the following
requirements:
(i)    The Employee is employed by an Employer and receives a Form W-2 from the
Employer for such employment; and

9

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(ii)    The Employee is not covered by a collective bargaining agreement (unless
such agreement, or other agreement between the applicable union and Employer,
provides for participation in the Plan) or if the Employee is subject to any
other employment agreement or contract that waives or excludes participation in
the Plan.
(b)    Specifically excluded from eligibility to participate in the Plan are any
individuals who have signed an agreement, or have otherwise agreed to provide
services to an Employer as an independent contractor, regardless of the tax or
other legal consequences of such an arrangement. Also, specifically excluded are
leased employees compensated through a leasing entity, whether or not the leased
employee falls within the definition of “leased employee” in Section 414(n) of
the Code.
(19)    Employee. An employee of a Controlled Group Member, including an officer
but not a director as such, and including “leased employees” and individuals who
are treated as Employees of a Controlled Group Member pursuant to regulations
under Section 414(o) of the Code. For purposes of this Subsection, a “leased
employee” means any person who, pursuant to an agreement between a Controlled
Group Member and any other person (“leasing organization”), has performed
services for the Controlled Group Member on a substantially full-time basis for
a period of at least one year, and such services are performed under the primary
direction or control of the Controlled Group Member. Contributions or benefits
provided a leased employee by the leasing organization which are attributable to
services performed for a Controlled Group Member will be treated as provided by
the Controlled Group Member. A leased employee will not be considered an
Employee of a Controlled Group Member, however, if (a) leased employees do not
constitute more than 20% of the Controlled Group Member’s

10

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nonhighly compensated work force (within the meaning of Section 414(n)(5)(C)(ii)
of the Code) and (b) such leased employee is covered by a money purchase pension
plan maintained by the leasing organization that provides (i) a nonintegrated
employer contribution rate of at least 10% of compensation (including amounts
contributed pursuant to a salary reduction agreement which are excludable from
the leased employee’s gross income under Section 125, 402(e)(3), 402(h) or
403(b) of the Code), (ii) immediate participation and (iii) full and immediate
vesting.
(20)    Employer. The Company, Speedway PrePaid Card LLC, or a corporation or
other entity that is part of the Controlled Group and which has adopted this
Plan pursuant to Section 14.1. Each of the entities described in the preceding
sentence shall be considered an “Employer” under this Plan only during the
period of time it has adopted this Plan.
(21)    Employer Matching Contributions. Contributions made by an Employer
pursuant to Section 4.1 of the Plan.
(22)    Employer Matching Contributions Account. The portion of the Trust Fund
which, with respect to any Participant, is attributable to Employer Matching
Contributions made on his or her behalf, and any investment earnings and gains
and losses thereon. Separate records will be kept within a Participant’s
Employer Matching Contributions Account to reflect (a) the portion of such
Account attributable to Employer Matching Contributions made to the Plan with
respect to Considered Compensation paid prior to January 1, 2016, and any
investment earnings and gains and losses thereon (the “Pre-2016 Employer
Matching Contributions Account”), (b) the portion of such Account attributable
to Employer Matching Contributions made to the Plan with respect to Considered
Compensation paid on or after January 1, 2016, and any investment earnings and
gains and losses thereon (the “Safe Harbor Employer Matching Contributions

11

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Account”), and (c) the portion of such Account attributable to Prior Plan
Employer Contributions.
(23)    ERISA. The Employee Retirement Income Security Act of 1974, as it has
been and may be amended from time to time.
(24)    Fiduciary. Any person who is a “fiduciary” as defined by Section 3(21)
of ERISA with respect to the Plan.
(25)    Highly Compensated Employee.
(a)    For a particular Plan Year, any Employee (i) who, during the current or
preceding Plan Year, was at any time a 5% owner (as such term is defined in
Section 416(i)(1) of the Code), or (ii) for the preceding Plan Year, received
compensation from the Controlled Group in excess of the amount in effect for
such Plan Year under Section 414(q)(1)(B) of the Code.
(b)    For purposes of this Subsection, the term “compensation” shall mean an
Employee’s compensation under Section 12.1(4).
(26)    Hour of Service.
(a)    Each hour for which an Employee is paid, or entitled to payment, for the
performance of duties for the Controlled Group and for reasons other than the
performance of duties and each hour for which back pay, irrespective of
mitigation of damages, is either awarded or agreed to by the Controlled Group.
The manner of determining Hours of Service for reasons other than the
performance of duties and the crediting of Hours of Service to an applicable
12-month period following an Employee’s employment date shall be in accordance
with the rules and regulations as promulgated by the Secretary of Labor in DOL
Regulation Sections 2530.200b-2(b) and (c).

12

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(b)    Hours of Service are credited under the following equivalency rule for
exempt Employees for all periods and for non-exempt Employees on an accepted
leave status covered under the Plan: 45 hours for a weekly payroll, and 90 hours
for a bi-weekly payroll.
(27)    Investment Advisor. An investment manager, as defined in Section 3(38)
of ERISA.
(28)    Investment Funds. The Funds provided for in Section 5.1.
(29)    Loan Account. The separate recordkeeping account within a Participant’s
Account established by the Administrator pursuant to Section 5.5.
(30)    Named Fiduciaries. The Named Fiduciaries under the Plan shall be the
Company and the Administrator, each of which shall have such powers, duties and
authorities as shall be specified in the Plan and Trust Agreement and may
delegate all or any part of such powers, duties and authorities as hereinafter
provided. Any other person may be designated as a Named Fiduciary as provided in
Section 11.2.
(31)    Non-Elective Employer Contributions. Contributions made by an Employer
pursuant to Section 4.2
(32)    Non-Elective Employer Contributions Account. A Participant’s Account
reflecting Non-Elective Employer Contributions made for such Participant and any
investment earnings and losses thereon.
(33)    Non-Employee Participants. Non-Employee Participants include the
following Participant categories:
(a)    Deferred Participants. As defined in Section 1.1(16).

13

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(b)    Spouse Beneficiary Participant. A Spouse Beneficiary Participant is a
Beneficiary who was the Spouse of an Active Participant, Retired Participant or
a Participant with Account(s) in Suspense at the time of such Participant’s
death.
(c)    Beneficiary Participants. A Beneficiary Participant is a Beneficiary,
including the Beneficiary of a Spouse Beneficiary Participant (designated by the
Participant or provided under the terms of this Plan).
(d)    Alternate Payee Participant. As defined in Section 1.1(6).
(34)    Participant. An individual who is or formerly was an Eligible Employee
and has become and continues to be a Participant of this Plan in accordance with
the provisions of Article II. Unless the context otherwise requires, certain
individuals described in Section 1.1(33) who have not been Eligible Employees
are treated as Participants for certain purposes of the Plan, including, but not
limited to, the withdrawal and distribution provisions of the Plan.
(35)    Participant with Account(s) in Suspense. A Participant who (i) transfers
at the request of his or her Employer to a non-participating employer within the
Controlled Group (including a Participant who is reclassified into a position
with an Employer that is excluded from participation in this Plan), or (ii) is
an Eligible Employee of an Employer and has voluntarily or involuntarily had
Participant contributions suspended (for example, a Participant on approved
leave without Considered Compensation), will have his or her Account(s) held in
suspense. A Deferred Participant who is subsequently rehired by a
nonparticipating Controlled Group Member will be considered a Participant with
Account(s) in Suspense. A Participant with Account(s) in Suspense includes an
Employee who was an Active Participant but whose status is changed from a common
law employee to a leased employee (as defined in Code Section 414(n)(2)) of a
Controlled Group Member.

14

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(36)    Plan. Speedway Retirement Savings Plan, the terms and provisions of
which are set forth in this document.
(37)    Plan to Plan Transfer. A transfer to the Plan from a Comparable Plan of
cash or other property (acceptable to the Administrator and the Trustee) held
under the Comparable Plan for the benefit of an Eligible Employee.
(38)    Plan Year. The 12-month period commencing on January 1st of each year
and ending on the next following December 31st, and on which the primary records
of the Plan and Trust Fund are to be kept.
(39)    Pre-Tax Basic Contributions. The contributions which an Active
Participant elects to make to the Plan in accordance with Section 3.1 on a
pre-tax basis.
(40)    Pre-Tax Basic Contributions Account. The portion of the Trust Fund
which, with respect to any Participant, is attributable to Pre-Tax Basic
Contributions made on his or her behalf, and any investment earnings and gains
and losses thereon.
(41)    Pre-Tax Catch-Up Contributions. The contributions that an Active
Participant elects to make to the Plan in accordance with Section 3.3 on a
pre-tax basis.
(42)    Pre-Tax Catch-Up Contributions Account. The portion of the Trust Fund
which, with respect to any Participant, is attributable to Pre-Tax Catch-Up
Contributions made on his or her behalf, and any investment earnings and gains
and losses thereon.
(43)    Pre-Tax Contributions. The contributions an Active Participant elects to
make to the Plan pursuant to a qualified cash or deferral arrangement, as
defined in Code Section 401(k), and which are credited to the Participant’s
Pre-Tax Contributions Account in accordance with Section 3.1. Except as
otherwise specifically provided in this Plan, the term “Pre-Tax Contributions”
shall include Pre-Tax Basic Contributions and Pre-Tax Catch-Up Contributions.

15

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(44)    Pre-Tax Contributions Account. The portion of the Trust Fund which, with
respect to any Participant, is attributable to Pre-Tax Basic and Pre-Tax
Catch-Up Contributions made on his or her behalf, and any investment earnings
and gains and losses thereon.
(45)    Prior Plan After-Tax Contributions Account. The portion of the Trust
Fund which, with respect to any Participant, is attributable to amounts
contributed by the Participant on an after-tax basis to the Ashland Savings
Plan, and any investment earnings and gains and losses thereon.
(46)    Prior Plan Employer Contributions Account. The portion of the Trust Fund
which, with respect to any Participant, is attributable to amounts contributed
as discretionary matching contribution on behalf of the Participant to the
Ashland Savings Plan, and any investment earnings and gains and losses thereon.
(47)    QDRO. A “qualified domestic relations order” within the meaning of
Section 414(p) of the Code.
(48)    Retired Participant. Any Participant who terminated employment from a
Controlled Group Member on or after January 1, 2016, either (a) on or after
attaining age 50, with 10 Years of Vesting Service, or (b) on or after age 65.
(49)    Rollover Contribution. The amount contributed to the Plan as a rollover
contribution from an Eligible Retirement Plan in accordance with Section 3.4.
(50)    Rollover Contributions Account. The portion of the Trust Fund which,
with respect to any Participant, is attributable to Rollover Contributions made
on the Participant’s behalf, and any investment earnings and gains and losses
thereon. Separate records will be kept within a Participant’s Rollover
Contributions Account to reflect (a) the portion of

16

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such Account attributable to Rollover Contributions that the Participant has
irrevocably designated as Roth Rollover Contributions and any investment
earnings and losses thereon (the “Roth Rollover Contributions Account”), (b) the
portion of such Account attributable to all other Rollover Contributions, other
than after-tax contributions, and any investment earnings and losses thereon
(the “Non-Roth Rollover Contributions Account”), and the portion of such Account
attributable to after-tax contributions made to a Comparable Plan and any
investment earnings and losses thereon (the “Non-Roth After-Tax Rollover
Contributions Account”).
(51)    Roth Basic Contributions. The contributions which an Active Participant
elects to make to the Plan in accordance with Section 3.1 that are designated as
Roth Basic Contributions.
(52)    Roth Basic Contributions Account. The portion of the Trust Fund which,
with respect to any Participant, is attributable to Roth Basic Contributions
made on his or her behalf, and any investment earnings and gains and losses
thereon.
(53)    Roth Catch-Up Contributions. The contributions which an Active
Participant elects to make to the Plan in accordance with Section 3.3 that are
designated as Roth Contributions.
(54)    Roth Catch-Up Contributions Account. That portion of the Trust Fund
which, with respect to any Participant, is attributable to the Participant’s own
Roth Catch-Up Contributions and any investment earnings and losses thereon.
(55)    Roth Contributions. Contributions of an Active Participant that the
Active Participant has irrevocably designated as being contributed in lieu of
all or a portion of the Pre-Tax Contributions that the Active Participant is
otherwise entitled to make under the Plan and which are treated by the Employer
as includible in the Active Participant’s gross income pursuant

17

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to Section 402A of the Code at the time the Active Participant would have
received that amount in cash if the Active Participant had not made such
election. Except as otherwise specifically provided in this Plan, the term “Roth
Contributions” shall include “Roth Basic Contributions” and “Roth Catch-Up
Contributions,” as described in Sections 3.1 and 3.3, respectively.
(56)    Roth Contributions Account. That portion of the Trust Fund which, with
respect to any Participant, is attributable to the Participant’s Roth
Contributions and the Participant’s Roth In-Plan Conversion Amounts, if any, and
any investment earnings and losses thereon.
(57)    Roth In-Plan Conversion. The amount which a Participant (including
Spouse Beneficiary Participants and Alternate Payee Participants) has
irrevocably elected to convert to Roth Contributions, as described in Section
3.5, and which are treated by the Employer as includible in the Participant’s
gross income pursuant to Section 402A(c)(4) of the Code, at the time of the
conversion. All Roth In-Plan Conversions shall be transferred directly to a Roth
In-Plan Conversion Subaccount within the Participant’s Roth Contributions
Account. Roth In-Plan Conversions (and the earnings thereon) shall be eligible
for distribution under Article VIII and withdrawal under Article VII of the Plan
at the same time and in the same order and classification as applied to such
amounts prior to their conversion.
(58)    Roth In-Plan Conversion Subaccount. That portion of the Roth
Contribution Account which, with respect to any Participant, is attributable to
the Participant’s Roth Conversions, if any, and any investment earnings or
losses thereon.
(59)    Roth Rollover Contribution. The amount contributed to the Plan as a Roth
rollover contribution from another tax-qualified plan in accordance with Section
3.4

18

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(60)    Spouse. The person to whom a Participant has been married as of the
relevant date, or an alternate payee designated as a Spouse pursuant to a QDRO.
Regardless of any provision in the Plan to the contrary, effective June 26, 2013
through September 15, 2013, the term “Spouse” will include the same-sex spouse
of a married Participant only if the Participant was domiciled, at that time, in
a state that recognized same-sex marriages. Effective September 16, 2013, for
Plan purposes, the term “Spouse” will include the same-sex spouse of a
Participant whose marriage is validly entered into in a state whose laws
authorize the marriage of two individuals of the same sex at that time, even if
the individuals are domiciled in a state that does not recognize the validity of
same-sex marriages. Individuals, whether part of an opposite-sex or same-sex
couple, who have entered into a registered domestic partnership, civil union, or
other similar formal relationship that is not denominated as marriage under the
laws of that state, will not be treated as married under the Plan. For this
purpose, the term “state” means any domestic or foreign jurisdiction having the
legal authority to sanction marriages.
(61)    Trust. The trust created by the Trust Agreement.
(62)    Trust Agreement. The Trust Agreement between the Company and the
Trustee, providing, among other things, for the Trust, the investment of the
Trust Fund and allocations of responsibilities among Trustees, as such Trust
Agreement may be amended, supplemented or restated from time to time.
(63)    Trustee. The Trustee or Trustees designated in the Trust Agreement, or
their successor or successors in trust under the Trust Agreement.
(64)    Trust Fund. The entire trust estate held by the Trustee under the
provisions of the Plan and the Trust Agreement, without distinction as to
principal or income, and which shall be comprised of the Investment Funds.

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(65)    Valuation Date. Each day on which the New York Stock Exchange is open
for trading.
(66)    Year of Vesting Service. A 12-consecutive month vesting computation
period during which the Employee completes at least 1,000 Hours of Service. An
Employee’s initial vesting computation period will be the twelve (12)
consecutive month period commencing on the date the Employee first performs an
Hour of Service and ends on the first anniversary of that date. Subsequent
vesting computation periods for Employees shall mean the Plan Year, commencing
with the Plan Year that includes such first anniversary.
1.2    Construction.
(1)    Unless the context otherwise indicates, the masculine wherever used
herein shall include the feminine and neuter, the singular shall include the
plural and words such as “herein”, “hereof”, “hereby”, “hereunder”, and words of
similar import refer to this Plan as a whole and not to any particular part
thereof.
(2)    Where headings have been supplied to portions of this Plan, they have
been supplied for convenience only and are not to be taken as limiting or
extending the meanings of any of its provisions.
(3)    Wherever the word “person” appears in this Plan, it shall refer to both
natural and legal persons.
(4)    Except to the extent federal law controls, the Plan shall be governed,
construed and administered according to the laws of the State of Delaware. All
persons accepting or claiming benefits under the Plan shall be bound by and
deemed to consent to its provisions.

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(5)    This amendment and restatement of the Plan is effective as of January 1,
2016. Events occurring before the applicable effective date of any provision of
this amendment and restatement of the Plan shall be governed by the applicable
provision of the Plan in effect on the date of the event.
(6)    A number of the provisions hereof and of the Trust Agreement are designed
to contain provisions required or contemplated by certain federal laws and/or
regulations thereunder. All such provisions herein and in the Trust Agreement
are intended to have the meaning required or contemplated by such provisions of
such law or regulations and shall be construed in accordance with valid
regulations and valid published governmental rulings and interpretations of such
provisions. In applying such provisions hereof or of the Trust Agreement, each
Fiduciary may rely (and shall be protected in relying) on any determination or
ruling made by any agency of the United States Government that has authority to
issue regulations, rulings or determinations with respect to the federal law
thus involved.
(7)    The benefits payable, if any, under the Plan with respect to an Employee
or former Employee whose employment with the Controlled Group terminated before
January 1, 2016 (and who is not rehired by a Controlled Group Member on or after
January 1, 2016) or who ceased to be an Eligible Employee under this Plan prior
to January 1, 2016 (and who does not again become an Eligible Employee on or
after January 1, 2016) shall be determined by and paid in accordance with the
terms and provisions of the Plan as in effect at the date of such termination or
the date such Employee or former Employee otherwise ceased to be an Eligible
Employee.

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ARTICLE II - ELIGIBILITY AND PARTICIPATION
2.1    Prior Participation. Each Employee, who was a Participant on December 31,
2015 and who continues to be an Eligible Employee on January 1, 2016 shall
continue to be a Participant in this Plan on that date.
2.2    Participation on or after January 1, 2016.
(1)    Each Employee, who would have been a Participant in the Plan on January
1, 2016 but for the failure to satisfy the age and service requirement
applicable to the Plan prior to that date, shall become a Participant in this
Plan on January 1, 2016 provided that the Employee is an Eligible Employee on
that date.
(2)    Each Employee who becomes an Eligible Employee on or after January 1,
2016 shall become a Participant in this Plan as soon as administratively
feasible following the date on which the Employee becomes an Eligible Employee.
2.3    Duration of Participation. An Eligible Employee who has become a
Participant shall remain a Participant in the Plan so long as an Account is held
for the Participant’s benefit; provided, however, no further contributions,
other than Rollover Contributions, will be made to the Plan by or for a
Participant who ceases to be an Eligible Employee with respect to the period
after the Employee ceases to be an Eligible Employee. A Participant who has
ceased to be an Eligible Employee but who subsequently is an Eligible Employee
shall be considered to be eligible to participate in the Plan commencing on the
date such Participant again becomes an Eligible Employee.
2.4    Veterans Reemployment. Notwithstanding any provision of this Plan to the
contrary, contributions, benefits and service credit with respect to “qualified
military service” will be provided in accordance with Code Section 414(u).
“Qualified military service” means any service in the uniformed services (as
defined in chapter 43 of title 38 of the United States

22

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Code) by any individual if such individual is entitled to reemployment rights
under such chapter with respect to such service.

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ARTICLE III - PARTICIPANT CONTRIBUTIONS
3.1    Pre-Tax Contributions; Roth Contributions. Each Active Participant may
elect to make Pre-Tax Contributions to the Plan from 1% to 25% of the
Participant’s Considered Compensation (in whole percentages only) to the Plan as
Pre-Tax Basic Contributions and/or Roth Basic Contributions in lieu of an equal
amount being paid to him as current Considered Compensation. Pre-Tax Basic
and/or Roth Basic Contributions are made through payroll deductions.
3.2    After-Tax Contributions. An Active Participant, other than a Participant
who is a Highly Compensated Employee, may elect to make Contributions to the
Plan on an after-tax basis, either in lieu of or in combination with Pre-Tax
Basic Contributions and/or Roth Basic Contributions by authorizing After-Tax
Contributions of from 1% to 18% (in whole percentages only) of the Participant’s
Considered Compensation. After-Tax Contributions are made through payroll
deductions.
3.3    Catch-Up Contributions. Active Participants who have elected to make
Pre-Tax Contributions and/or Roth Contributions under this Plan who have
attained age 50 before the close of the Plan Year shall be eligible to make
Catch-Up Contributions for such Plan Year in accordance with, and subject to the
limitations of, Code Section 414(v). Catch-Up Contributions shall not be taken
into account for purposes of the provisions of the Plan implementing the
required limitations of Code Sections 402(g) and 415.
Active Participants may elect to make Catch-Up Contributions from 1% to 50% (in
whole percentages only) of Considered Compensation. Catch-Up Contributions shall
be permitted only by Participants with respect to whom no Pre-Tax Contributions
or Roth Basic Contributions may be made to the Plan for that taxable year by
reason of the application of the Code Section 402(g) limit, the limit in Section
3.1 or any other limitations on Pre-Tax

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Contributions or Roth Basic Contributions for that taxable year in accordance
with, and subject to the limits of Code Section 414(v). Participants must
specify whether their Catch-Up Contributions will be Pre-Tax Catch-Up
Contributions or Roth Catch-Up Contributions, and if the Participant does not
designate whether the Catch-Up Contributions to be made are to be Pre-Tax
Catch-Up Contributions or Roth Catch-Up Contributions, such contributions shall
be deemed to be Pre-Tax Catch-Up Contributions. Catch-Up Contributions may not
exceed a maximum annual dollar limit pursuant to Code Section 414(v), as
adjusted from time to time in accordance with the law.
3.4    Rollover Contributions and Plan to Plan Transfers.
(1)    Active Participants, Participants with Account(s) in Suspense, and
Retired Participants may make Rollover Contributions or Plan to Plan Transfers
of qualified distributions from any tax-qualified plan or any individual
retirement account described in Code Section 408(d)(3)(A)(ii). However, Roth
Rollover Contributions will only be accepted from another tax-qualified plan
described in Code Section 401(a). The Plan will not accept Rollover
Contributions or Plan to Plan Transfers from a Code Section 403(a) plan or a
Roth IRA. For purposes of this Section 3.4, “tax-qualified plan” means:
(a)    A qualified plan described in Code Section 401(a) or 403(b), including
after-tax employee contributions held thereunder; and
(b)    An eligible plan under Code Section 457(b) which is maintained by a
state, political subdivision of a state, or any agency or instrumentality of a
state or political subdivision of a state.
(2)    Deferred Participants and prior Deferred Participants may also make
Rollover Contributions (but not Plan to Plan Transfers) from any of the above.
Individuals who

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are eligible to become Active Participants, but have elected not to contribute
to the Plan or have previously elected to withdraw their entire account balance,
are permitted to make Rollover Contributions to the Plan. The Plan may also
accept Rollover Contributions from prior Participants with Account(s) in
Suspense and Retired Participants who previously received a distribution of
their entire Account balance. Subject to Administrator approval, Spouse
Beneficiary Participants have the right to roll over distributions from
qualified retirement plans sponsored by any employer whereby the Plan has
recognized vesting time for prior service of the deceased Participant. This
right is limited solely to Spouse Beneficiary Participants to the extent such is
permitted by applicable laws and regulations.
(3)    All such Rollover Contributions or Plan to Plan Transfers must consist of
cash, unless the Administrator agrees, in its sole discretion, to accept any
property other than cash. The individual must submit written certification that
the Rollover Contribution or Plan to Plan Transfer qualifies as a Rollover
Contribution or Plan to Plan Transfer. Rollover Contributions must be made
within 60 days after the eligible individual has received the distribution from
the applicable eligible retirement plan or IRA.
3.5    Roth In-Plan Conversion. A Participant (including Spouse Beneficiary
Participants and Alternate Payee Participants) may elect to convert all or a
portion of his or her vested Accounts within the Plan that are eligible for
distribution, and which qualify as an Eligible Rollover Distribution, as defined
in Section 8.5(3), to a Roth In-Plan Conversion within the Plan. Amounts
converted will be included in the Participant’s gross income to the extent they
would be included in gross income if distributed in the year of conversion.
3.6    Contribution Elections. An Eligible Employee who becomes (or will become)
a Participant under Section 2.2 may make an election in a manner prescribed by
the

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Administrator in which he or she (i) designates the percentage of Considered
Compensation to be contributed as Pre-Tax and/or Roth Basic Contributions,
including whether any Catch-Up Contributions will be made, (ii) authorizes
applicable payroll deductions and (iii) chooses one or more Investment Fund(s).
In the event that a Participant does not designate on his or her application
whether the contributions elected to be made are Pre-Tax or Roth Basic
Contributions, all contributions elected on such application shall be deemed to
be Pre-Tax Basic Contributions.
3.7    Change in Participant Contributions. Subject to the provisions of this
Article III, Active Participants may elect to change the percentages of their
authorized payroll deductions and/or elect to automatically increase the
percentage of their authorized payroll deductions by giving notice to the
Administrator in such manner as the Administrator may prescribe. Such changed
percentage and/or automatic increase election shall become effective beginning
with the first payroll period commencing after processing such notice or, if
later, on a future date specified by the Participant and acceptable to the
Administrator.
3.8    Automatic Increase Program. Active Participants may elect to enroll in a
program that will automatically increase their rate of contributions on an
annual basis. A Participant choosing to participate in the program must elect an
increase amount, in whole percentages of Considered Compensation only, and a
date on which the increase is to be applied each Plan Year. Subject to the Plan
and statutory limits, the increase will be applied to the Participant’s election
for Pre-Tax Basic Contributions and Roth Basic Contributions to the extent
possible and then to the Participant’s election for After-Tax Contributions. A
Participant may elect to voluntarily terminate his or her participation in this
program at any time. Any election to

27

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voluntarily terminate participation in the program shall become effective as
soon as administratively possible after the election has been properly made with
the Administrator.
3.9    Restrictions on Pre-Tax Contributions and Roth Contributions.
(1)    In no event may the sum of Pre-Tax Contributions and/or Roth
Contributions (but excluding any Catch-Up Contributions) exceed the applicable
dollar limit as provided in Code Section 402(g) in a calendar year. In the event
the annual dollar limit provided in Code Section 402(g) is reached with respect
to a Participant during a calendar year, no additional Pre-Tax Contributions or
Roth Contributions, other than Catch-Up Contributions, shall be permitted to be
made to the Plan on behalf of the Participant for the remainder of that calendar
year.
(2)    Notwithstanding any provision of the Plan to the contrary, Allocable
Excess Contributions, and income allocable thereto to the end of the calendar
year for which such Allocable Excess Contributions were made, shall be
distributed no later than April 15 to Participants who claim Allocable Excess
Contributions for the preceding calendar year. “Allocable Excess Contributions”
shall mean the amount of Pre-Tax Contributions or Roth Contributions (but
excluding any Catch-Up Contributions) for a calendar year that the Participant
allocates to this Plan that exceed the limits of Code Section 402(g). In the
event that a Participant’s Allocable Excess Contributions include both Pre-Tax
Contributions and Roth Contributions, the Plan shall distribute Pre-Tax
Contributions first.
(3)    Any Allocable Excess Contributions will first be transferred to the
After-Tax Contribution Account, up to the limit, and subject to the eligibility
conditions of Section 3.2, with any remaining balance distributed in accordance
with this Section 3.9. The Allocable Excess Contributions distributed to a
Participant with respect to a calendar year shall be adjusted for

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income allocable thereto to the end of the calendar year for which such
Allocable Excess Contributions were made and, if there is a loss allocable to
the Allocable Excess Contributions, shall in no event be less than the lesser of
the Participant’s Accounts attributable to Pre-Tax Contributions or Roth
Contributions under the Plan or the Participant’s Pre-Tax Contributions or Roth
Contributions for the calendar year.
(4)    Employer Matching Contributions, if any, made with respect to such
Allocable Excess Contributions distributed to a Participant pursuant to this
Section 3.9 shall be forfeited.

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ARTICLE IV - EMPLOYER CONTRIBUTIONS
4.1    Employer Matching Contributions. The Employer shall contribute, for each
pay period, an Employer Matching Contribution in the amount of one hundred
seventeen percent (117%) of the amount of Pre-Tax Basic Contributions, After-Tax
Contributions, and/or Roth Basic Contributions made for each Active Participant
that do not exceed six percent (6%) of such Participant’s Considered
Compensation. The Employer will true-up Employer Matching Contributions
following the end of the Plan Year so that the amount of the Participant’s
Employer Matching Contributions for the Plan Year equals the amount determined
under the Matching Contribution formula provided in this Section 4.1 using the
Participant’s Considered Compensation and eligible Contributions (including for
this purpose Pre-Tax Catch Up Contributions and Roth Catch Up Contributions) for
the Plan Year. In no event will the Employer match Rollover Contributions, Plan
to Plan Transfers or Roth In-Plan Conversions.
4.2    Non-Elective Employer Contributions.
(1)    Initial Eligibility Requirements. To be initially eligible for the
Non-Elective Employer Contribution, a Participant must satisfy the following
conditions:
(a)    The Participant has attained age 21;
(b)    The Participant has completed 1,000 Hours of Service during an
Eligibility Computation Period. For this purpose, the initial Eligibility
Computation Period will be the twelve (12) consecutive month period commencing
on the date the Employee first performs an Hour of Service and ends on the first
anniversary of that date. Subsequent Eligibility Computation Periods for
Employees shall mean the Plan Year, commencing with the Plan Year that includes
such first anniversary. The determination of whether a Participant has completed
1,000 Hours of Service shall be made as of the last date of the Eligibility
Computation Period, and a Participant will not be considered to

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have satisfied the Initial Eligibility Requirements until such last date of the
Eligibility Computation Period.
(2)    Continuing Eligibility Requirements. Participants who have satisfied the
Initial Eligibility Requirements in Section 4.2(1) shall receive a Non-Elective
Employer Contribution for a Plan Year only if the Participant satisfies the
Continuing Eligibility Requirements set forth in this Section 4.2(2) for such
Plan Year:
(a)    The Participant is classified by the Company as employed in an Eligible
Position. An Eligible Position is a Speedway store employee other than a General
Manager, Co-Manager, or Co-Manager Trainee during the Plan Year;
(b)    The Participant was credited with at least 1,000 Hours of Service during
the Plan Year;
(c)    The Participant was employed by a Controlled Group Member on the last day
of the Plan Year.
(3)    Exception to Continuing Eligibility Requirement. The requirements of
paragraphs 4.2(2)(b) or (c) shall not apply for a Plan Year to Participants who
become Disabled, terminate employment after attaining age 65 or after attaining
age 50 with 10 Years of Vesting Service, or die during such Plan Year.
(4)    Non-Elective Employer Contribution. On behalf of each Participant who
satisfies the Initial Eligibility Requirements (as determined under Section
4.2(1)) and the Continuing Eligibility Requirements for the Plan Year (as
determined under Section 4.2(2), as modified by Section 4.2(3)), the Employer
shall contribute an amount equal to three and one-half percent (3.5%) of a
Participant’s Considered Compensation received during the Plan Year; provided,
however, that the Non-Elective Employer Contribution shall be based only on

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Considered Compensation paid to the Participant (i) after the date on which the
Participant satisfies the Initial Eligibility Requirements, and (ii) with
respect to the time period during which the Participant was classified by the
Company as employed in an Eligible Position.
4.3    Employer Contributions. Contributions of the Employer under this Article
IV shall in no event exceed the limitations on deductions from gross income
under the provisions of the Code and such amounts to be contributed shall be
conditioned upon such deductibility. All Employer Matching and Non-Elective
Employer Contributions for any Plan Year shall be made on or before the due date
(including extensions) for filing the income tax returns of the Employers for
the taxable year coinciding with such Plan Year.
4.4    Return of Contributions to Employers.
(1)    Except as provided in Subsection (2) of this Section 4.4, the Trust Fund
shall never inure to the benefit of any Employer and shall be held for the
exclusive purpose of providing benefits to Participants and their Beneficiaries
and defraying reasonable expenses of administering the Plan.
(2)    If the Internal Revenue Service shall determine that an Employer has
contributed an amount for any Plan Year which is in excess of the amount which
is deductible by it under Section 404 of the Code for such Year, such
contribution (to the extent the deduction is disallowed) shall, upon written
request of the Employer filed with the Trustee, be returned to the Employer
within one year after the deduction was disallowed. If any contribution is made
by an Employer due to a mistake of fact, such contribution shall, upon written
request of the Employer filed with the Trustee, be returned to the Employer
within one year after it is made. Earnings attributable to contributions
returned to an Employer pursuant to this Subsection may not be returned, but
losses attributable thereto shall reduce the amount to be returned; provided,

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however, that if the withdrawal of the amount attributable to the mistaken or
non-deductible contribution would cause the balance of the individual Account of
any Participant to be reduced to less than the balance that would have been in
such Account had the mistaken or non-deductible amount not have been
contributed, the amount to be returned to the Employer pursuant to this Section
4.4 shall be limited so as to avoid such reduction.
4.5    Safe Harbor Provisions. The nondiscrimination requirements of Section
401(k) of the Code will be met by this Plan pursuant to the ADP safe harbor
provisions of Section 401(k)(12) of the Code and Treasury Regulation Section
1.401(k)-3; the safe harbor contribution will be the Safe Harbor Employer
Matching Contribution. The nondiscrimination requirements of Section 401(m) of
the Code will be met by this Plan pursuant to the ACP safe harbor provisions of
Section 401(m)(11) of the Code and Treasury Regulation Section 1.401(m)-3 and by
the fact that no Highly Compensated Employee is eligible to contribute After-Tax
Contributions; the safe harbor contribution will be the Safe Harbor Employer
Matching Contribution. The provisions of this Section shall apply for the Plan
Year commencing January 1, 2016 and each subsequent Plan Year until this Plan is
otherwise amended.

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ARTICLE V - INVESTMENTS; LOANS
5.1    Investment of Funds.
(1)    The Trust Fund (other than the portion of the Trust Fund consisting of
the Loan Accounts) shall be divided into Investment Funds, as the Investment
Committee may in its discretion select or establish. Each such Investment Fund
shall comply with applicable law, including ERISA. The Investment Funds shall
include a Marathon Petroleum Corporation Common Stock Fund, which will invest in
Marathon Petroleum Corporation common stock, with a small portion invested in
cash for liquidity purposes. The Trustee shall hold, manage, administer, invest,
reinvest, account for and otherwise deal with the Trust Fund and each separate
Investment Fund as provided in the Trust Agreement.
(2)    Upon becoming a Participant and at any time thereafter, each Participant
may elect, pursuant to rules and procedures adopted by the Administrator, and
effective at such time as prescribed by the Administrator, that future
Contributions made on the Participant’s behalf, as well as repayments of a loan
made pursuant to Section 5.5, shall be invested in any proportion in any one or
more Investment Funds. Each Eligible Employee may elect, pursuant to rules and
procedures adopted by the Administrator, and effective at such time as
prescribed by the Administrator, upon making a Rollover Contribution or having a
Plan to Plan Transfer made on the Participant’s behalf that the assets
contributed to the Plan on his or her behalf in such Rollover Contribution or
Plan to Plan Transfer shall be invested in any proportion in any one or more
Investment Funds. In the absence of a Participant’s effective direction pursuant
to this Section 5.1(2) as to the investment of all or a portion of the amounts
in a Participant’s Account, the amounts for which there is no such direction
shall be invested in the Investment Fund or Funds designated by the Investment
Committee for such purpose (each of which shall be a

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“qualified default investment alternative” within the meaning of the Department
of Labor regulations).
(3)    Subject to rules established by the Administrator, a Participant may
direct that any portion of his or her Account (other than the Loan Account) be
reallocated in any proportion among the Investment Funds.
5.2    Account. Each Participant shall have established for him by the
Administrator an Account which reflects, to the extent applicable, the
Participant’s Pre-Tax Basic Contributions Account, Pre-Tax Catch Up
Contributions Account, After-Tax Contributions Account, Roth Basic Contributions
Account, Roth Catch Up Contributions Account, Safe Harbor Employer Matching
Contributions Account, Pre-2016 Employer Matching Contributions Account,
Non-Elective Employer Contributions Account, Non-Roth Rollover Contributions
Account, Roth Rollover Contributions Account, Non-Roth After Tax Contributions
Account, Roth In-Plan Conversion Account, Prior Plan After-Tax Contributions
Account and Prior Plan Employer Contributions Account. The Roth Contributions
Account shall be comprised of Roth Contributions, Roth In-Plan Conversions and
properly attributable income, gains, losses, withdrawals and other credits and
debits thereto. The After-Tax Contributions Account and the Prior Plan After-Tax
Contributions Account shall separately reflect the Participant’s After-Tax
Contributions and the earnings thereon. In the case of any individual with
respect to whom a Plan to Plan Transfer has been made, the Rollover
Contributions Account shall be further subdivided and separate records
maintained to reflect the Participant’s after-tax employee contributions to the
plan from which the Plan to Plan Transfer originated, the earnings thereon, the
employer contributions made on behalf of the Participant to the plan from which
the Plan to Plan Transfer originated and the earnings thereon. An Alternate
Payee’s Account shall be created

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by allocation from the Account of the Participant to whom the QDRO relates to a
new account established for the Alternate Payee such portion of the
Participant’s Account as is specified in the applicable QDRO. The Administrator
shall also maintain for each such Account separate records showing the amount of
contributions thereto, payments, withdrawals and, in the case of the
Non-Elective Employer Contributions Account and the Pre-2016 Employer Matching
Contributions Account, forfeitures therefrom, and the amount of income,
expenses, gains and losses attributable thereto. The interest of each
Participant hereunder at any time shall consist of the amount standing to the
Participant’s Account (as determined in Section 5.4 below) as of the last
preceding Valuation Date plus credits and minus debits to such Account since
that Valuation Date.
5.3    Reports. The Administrator shall cause reports to be made at least
annually to each Participant as to the value of the Participant’s Account. In
addition, the Administrator shall cause such a report to be made to each
Participant who terminates his or her employment with the Controlled Group.
5.4    Valuation of Accounts.
(1)    As of the close of business on each Valuation Date, the Trustee shall
determine the value of each Participant’s Account as provided in the Plan and
the Trust Agreement. Except as may otherwise be provided by the Administrator,
all Contributions shall be credited to each Participant’s Account as of the
close of business on the Valuation Date on which the Trustee has received such
Contributions.
(2)    The Trustee shall make each valuation described in Subsection (1) on the
basis of the market value (as determined by the Trustee) of the assets of each
Investment Fund, except that property which the Trustee determines does not have
a readily determinable market

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value shall be valued at fair market value as determined by the Trustee in such
manner as it deems appropriate.
(3)    The Trustee shall determine, from the change in value of each Investment
Fund between the current Valuation Date and the then last preceding Valuation
Date, the net gain or loss of each such Investment Fund during such period
resulting from expenses paid and realized and unrealized earnings, profits and
losses of such Investment Fund during such period. Contributions allocated to an
Investment Fund described in this Subsection and payments, distributions and
withdrawals from any such Investment Fund to provide benefits under the Plan for
Participants or Beneficiaries shall not be deemed to be earnings, profits,
expenses or losses of such Investment Fund. The net gain or loss of each
Investment Fund determined pursuant to this Subsection (3) shall be allocated as
of each Valuation Date by the Trustee to the Accounts of Participants in such
Investment Fund in proportion to the amounts of such Accounts invested in such
Investment Fund on such Valuation Date, exclusive of amounts to be credited or
debited to such Accounts as of such Valuation Date.
(4)    The total value of a Participant’s Account on each Valuation Date shall
be the value determined under the preceding provisions of this Section for the
portions of the Account invested in the respective Investment Funds described in
such provisions, plus the value of a Participant’s Loan Account on the last
preceding Valuation Date on which the Administrator valued such Loan Account
pursuant to Section 5.5(3), reduced by any fees or expenses charged against the
Account on any Valuation Date in accordance with the terms of this Plan or
Trust.
(5)    The reasonable and equitable decision of the Trustee as to the value of
each Investment Fund, and as to the value of each Participant Account, as of
each Valuation Date

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shall be conclusive and binding upon all persons having any interest, direct or
indirect, in such Investment Fund or Account.
5.5    Loans to Participants.
(1)    A Participant, other than Non-Employee Participants, whose Account
Balance is at least $1,000 and who is a “party in interest” within the meaning
of Section 3(14) of ERISA may apply for a loan from his or her Account (not
including any portion of the Participant’s Non-Elective Employer Contributions
Account) in the manner prescribed by the Administrator. Each loan shall be
charged against the Participant’s Accounts in the order established by the
Administrator.
(2)    Each loan shall be in an amount which is not less than $500. A
Participant, other than Non-Employee Participants, may have no more than five
(5) loans outstanding at any one time. The maximum loan to any Participant (when
added to the outstanding balance of all other loans to the Participant from all
qualified employer plans (as defined in Section 72(p)(4) of the Code) of the
Controlled Group) shall be an amount which does not exceed the lesser of
(a)    $50,000, reduced by the excess (if any) of (i) the highest outstanding
balance of such other loans during the one-year period ending on the day before
the date on which such loan is made, over (ii) the outstanding balance of such
other loans on the date on which such loan is made, or
(b)    50% of the value of such Participant’s vested Accounts (not including any
portion of the Participant’s Non-Elective Employer Contributions Account) on the
date on which such loan is made.

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(3)    For each Participant for whom a loan is authorized pursuant to this
Section, the Trustee shall (a) liquidate the Participant’s interest in the
Investment Funds as determined by the Administrator, to the extent necessary to
provide funds for the loan, (b) disburse such funds to the Participant upon the
Participant’s execution of the promissory note and security agreement referred
to in Subsection 4(d) of this Section, and (c) maintain copies of the
Participant’s executed promissory note and security agreement referred to in
Subsection 4(d) of this Section. The Administrator shall establish and maintain
a separate recordkeeping account within the Participant’s Account (the “Loan
Account”) (d) which initially shall be in the amount of the loan, (e) to which
the funds for the loan shall be deemed to have been allocated and then disbursed
to the Participant, (f) to which the promissory note shall be allocated and (g)
which shall show the unpaid principal of and interest on the promissory note
from time to time. All payments of principal and interest by a Participant shall
be credited initially to the Loan Account and applied against the Participant’s
promissory note, and then invested in the Investment Funds pursuant to Section
5.1(2). The Administrator shall value each Participant’s Loan Account for
purposes of Section 5.4 at such times as the Administrator shall deem
appropriate, but not less frequently than monthly.
(4)    Loans made pursuant to this Section 5.5, (a) shall be made available to
all Participants on a reasonably equivalent basis, (b) shall not be made
available to Highly Compensated Employees in a percentage amount greater than
the percentage amount made available to other Participants, (c) shall be secured
by the Participant’s Loan Account; and (d) shall be evidenced by a promissory
note and security agreement executed by the Participant. Such promissory note
and security agreement shall provide for (e) the security referred to in clause
(c) of this Subsection, (f) a rate of interest for the loan, consistent with the
rate being

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charged by other lending institutions for a similar loan to an unrelated
borrower on the same date, (g) repayment within a specified period of time,
which shall not extend beyond five years, (h) repayment in equal payments over
the term of the loan, with payments not less frequently than quarterly, and (i)
for such other terms and conditions as the Administrator shall determine.
(5)    Each loan made pursuant to this Section 5.5 to a Participant who is an
Employee will be repaid pursuant to authorization by the Participant of equal
payroll deductions over the repayment period sufficient to amortize fully the
loan within the repayment period; provided, however, the Administrator may waive
the requirement of equal payroll deductions if the payroll through which the
Participant is paid cannot accommodate such deductions. The loan shall be
repayable in whole or in part at any time without penalty by payment in
accordance with procedures established by the Administrator.
(6)    Notwithstanding any other provision of this Plan to the contrary, loan
repayments will be suspended under the Plan as permitted under Section 414(u)(4)
of the Code (for Participants on a leave of absence for “qualified military
service” (as defined in Section 2.4)).

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ARTICLE VI - VESTING AND FORFEITURES
6.1    Participants’ Accounts Vested.  
(1)    Participants will have an immediate fully vested right to the portion of
their Account attributable to Pre-Tax Contributions, After-Tax Contributions,
Rollover Contributions, Roth Contributions, Safe Harbor Employer Matching
Contributions and Prior Plan After-Tax Contributions.
(2)    The vested percentage of a Participant’s Account attributable to
Non-Elective Employer Contributions and Pre-2016 Employer Matching Contributions
shall be determined as follows:
Years of Vesting Service:
Vested Percentage is:

Less than 3
0%
3 or More
100%

(3)    The vested percentage of a Participant’s Account attributable to Prior
Plan Employer Contributions shall be determined as follows:
Years of Vesting Service:
Vested Percentage is:

Less than 1
0%
1 or More
100%

(4)    Notwithstanding the vesting schedules specified above, a Participant’s
right to the portion of his or her Account attributable to Pre-2016 Employer
Matching Contributions, Non-Elective Employer Contributions and Prior Plan
Employer Contributions shall be fully vested (a) upon death or Disability,
provided such Participant is an Employee on the date of death or Disability, (b)
upon attainment of age 65, and (c) upon a Change in Control, provided the
Participant is a non-officer, active, exempt, full-time, non-store employee in
grade 7 or higher who is separated from service from the Company and its direct
subsidiaries, or their

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successors, within the twenty-four (24) month period following the effective
date of such Change in Control.
(5)    If a Participant forfeits all or a portion of the balance in his or her
unvested Account on account of a distribution or deemed distribution of the
vested portion of his or her Account pursuant to Section 6.2, and is
subsequently rehired by a Controlled Group Member, the amount forfeited shall be
restored to the Participant’s Account by means of a special Employer
contribution if, not later than the earlier of the end of the five-year period
beginning with (i) the first date on which the Participant is subsequently
rehired by a Controlled Group Member; or (ii) the date of the distribution of
the vested portion of the Participant’s Account, the Participant repays to the
Plan an amount equal to such distribution. Such restoration shall be made as of
the date of the Participant’s repayment (or deemed repayment) described in this
Subsection. Any amounts restored to a Participant’s Account pursuant to this
Subsection shall be 100% vested and nonforfeitable upon such restoration.
(6)    Service with Controlled Group Members shall be recognized for purposes of
computing Years of Vesting Service under the Plan provided that such service is
attributable to time while the employer(s) was a Controlled Group Member. If a
former Employee is subsequently reemployed by an Employer, all prior service
which has been credited for vesting purposes hereunder shall be reinstated.
Participants who were employed by a company at the time such company was
acquired by the Company may, with the approval of the Company or any committee
to which the Company has specifically delegated sufficient authority, be
entitled to additional vesting service based on employment with the acquired
company.

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6.2    Forfeiture on Termination of Employment. If a Participant’s employment is
terminated with all Controlled Group Members, Non-Elective Employer
Contributions and Prior Plan Employer Contributions in which he or she is not
vested shall be forfeited upon the earlier of (i) the distribution of the
Participant’s vested Account or (ii) five (5) years after the date when a
Participant is no longer an Active Participant or a Participant with Account(s)
in Suspense. All forfeitures shall be used to reduce Employer Contribution
otherwise payable under the Plan; provided, however, that forfeitures shall not
be used to fund Contributions to the Safe Harbor Employer Matching Contributions
Account.

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ARTICLE VII - IN-SERVICE WITHDRAWALS
7.1    In-Service Withdrawals. Payments may be made from the Plan to an Active
Participant or Participant with Account(s) in Suspense as an “In-Service
Withdrawal” under the terms of this Section 7.1.
(1)    Active Participants or Participants with Account(s) in Suspense are
eligible to withdraw a portion of their After-Tax Contributions Account,
Rollover Contributions Account, Roth Rollover Contributions Account or vested
Pre-2016 Employer Matching Contributions Account without losing such other
rights as they may have in the balance of their Accounts, subject to the
provisions outlined below.
(2)    Active Participants or Participants with Account(s) in Suspense who have
attained age 59-1/2 are also eligible to withdraw a portion of their Pre-Tax
Basic Contributions Account, Roth Basic Contributions Account, Pre-Tax Catch-Up
Contributions Account, Roth Catch-Up Contributions Account, Roth In-Plan
Conversion Account and Safe Harbor Matching Contributions Account without losing
such other rights as they may have in the balance of their Accounts, subject to
the provisions outlined below.
(3)    In-Service Withdrawals are limited to a maximum of four (4) in a Plan
Year. No In-Service Withdrawals of less than $100 will be permitted.
7.2    Account and Investment Withdrawal Order for Partial In-Service
Withdrawals.
(1)    Unless elected otherwise by the Participant, the order in which funds
from the Plan are withdrawn is as follows, with the type of Account taking
precedence over the type of Investment.
Account:

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(a)    Pre-1987 tax-paid employee contributions in the After-Tax Contributions
Account;
(b)    All remaining funds in the After-Tax Account;
(c)    Rollover Contributions Account – After-Tax;
(d)    Rollover Contributions Account – Pre-Tax;
(e)    Pre 2016 Employer Matching Contributions;
(f)    Safe Harbor Employer Matching Contribution Account (to the extent
permitted by the Plan and by law);
(g)    Pre-Tax Contribution Account (to the extent permitted by the Plan and by
law);
(h)    Pre-Tax Catch-Up Contribution Account (to the extent permitted by the
Plan and by law);
(i)    Roth Basic Contribution Account;
(j)    Roth Catch-Up Contributions Account;
(k)    Roth In-Plan Conversion Account;
(l)    Roth Rollover Contributions Account.
Investment:
(a)    Stable Value Funds;
(b)    Mutual Funds;
(c)    Marathon Petroleum Corporation Common Stock.
The Participant may elect a different order from the preceding order provided
that all pre-1987 After-Tax Contributions must be distributed before any funds
from the Pre-2016 Employer Matching Contributions Account, Safe Harbor Employer
Matching Contributions Account, Non-

45

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Elective Employer Contributions Account, and the Rollover Contributions Account
may be withdrawn.
7.3    In-Service Withdrawal of Entire Distributable Vested Plan Balance.
Subject to the conditions of this Section 7.3, Active Participants or
Participants with Account(s) in Suspense may request an In-Service Withdrawal of
their entire distributable vested Plan balance. The amount available for
withdrawal depends on the Participant’s age, disability status, vested status,
and employment date as follows:
(1)    Fully Vested Participants. Fully vested Participants who have not
attained age 59-1/2 may receive the value of their After-Tax Contributions
Account, Rollover Contributions Account, Roth Rollover Contributions Account,
Prior Plan After-Tax Contributions Account and Pre-2016 Employer Matching
Contributions Account. Fully vested Participants who have attained age 59-1/2 or
who are Disabled may receive the value of such Accounts plus the value of their
Pre-Tax Contributions Account, Pre-Tax Catch-Up Contributions Account, Safe
Harbor Employer Matching Contributions Account, Prior Plan Employer
Contributions Account, Roth Basic Contributions Account, and Roth Catch-Up
Contributions Account, as well as the value of their Roth In-Plan Conversion
Account.
(2)    Non-Fully Vested Participants. Non-fully vested Participants who have not
attained age 59-1/2 and who are not Disabled may receive the value of their
After-Tax Contributions Account, Rollover Contributions Account, and any vested
portion of their Pre-2016 Employer Matching Contributions Account, excluding
their Roth Rollover Contributions Account. Non-fully vested Participants who
have attained age 59-1/2 or who are Disabled may also receive the value of their
Pre-Tax Contributions Account, Pre-Tax Catch-Up Contributions Account, Safe
Harbor Employer Matching Contributions Account, Roth Rollover

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Contributions Account, Roth Basic Contributions Account, Roth In-Plan
Conversation Account, and Roth Catch-Up Contributions Account.
7.4    Distributions due to Military Service. A Participant shall be deemed as
severed from employment for purposes of Code Section 401(k)(2)(B)(i)(I) during
any period when the Participant is performing service in the uniformed service
while on active duty for a period of more than 30 days, as described in Code
Section 3401(h)(2)(A). However, a Participant who obtains a distribution by
reason of service in the uniformed service for more than 30 days may not make
any elective deferrals or employee contributions to the Plan during the
six-month period beginning on the date of such distribution.
Notwithstanding anything to the contrary herein, a Participant who is a member
of a reserve component (as defined in Section 101 of title 37), and who was
ordered or called to active duty for a period in excess of 179 days or for an
indefinite period may request, during the period beginning on the date of the
order or call to duty and ending at the close of the active duty period, a
distribution of all or part of his or her elective deferrals. The distribution
shall be paid to the Participant as promptly as practicable after the
Administrator (or its delegate) receives the Participant’s request.

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ARTICLE VIII - WITHDRAWALS AFTER TERMINATION OF EMPLOYMENT
8.1    General. Any nonvested Employer Matching Contributions held in the
Employer Matching Contributions Account, any Non-Elective Employer Contributions
held in the Non-Elective Employer Contributions Account, and any Prior Plan
Employer Contributions held in the Prior Plan Employer Contributions Account are
forfeited on the earlier of a complete withdrawal or five (5) years after the
date when a Participant is no longer an Active Participant or a Participant with
Account(s) in Suspense. Vested Participants are entitled to receive their entire
vested balance in all accounts when the Participant is no longer an Active
Participant or a Participant with Account(s) in Suspense.
8.2    Timing of Commencement of Benefits.
(1)    The following Participants may elect to defer the commencement of
benefits until no later than the April 1 immediately following the calendar year
in which such Participants attain age 70½:
(a)    Retired Participants with vested Plan Accounts in excess of $5,000;
(b)    Participants with Account(s) in Suspense; and
(c)    Non-employee Participants (other than Non-employee Participants with a
vested Plan balance of $5,000 or less, Beneficiary Participants, and Spouse
Beneficiary Participants with a vested Plan balance in excess of $5,000).
(2)    Spouse Beneficiary Participants with a Plan balance in excess of $5,000
may maintain an open Plan Account(s) for their lifetime, subject to the minimum
distribution requirements of Code Section 401(a)(9). Spouse Beneficiary
Participants with a Plan balance of $5,000 or less must commence their final
settlement no later than 60 days after the close of the Plan Year during which
they become Spouse Beneficiary Participants. Beneficiary Participants

48

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may maintain an open Account(s) until no later than the fifth anniversary of the
date of the Participant’s death. All other Non-employee Participants (including
Beneficiary Participants) with a vested Plan balance of $5,000 or less must
commence their final settlement no later than 60 days from the date of becoming
such Participants unless, in the case of an Alternate Payee Participants, the
distribution of any part of such Plan balance is then not permitted under Code
Section 401(k). The Participant or, if applicable, the Beneficiary or
Beneficiaries, however, may request earlier payment of benefits, in which case
payment shall commence as soon as practicable after the Participant or, if
applicable, the Beneficiary or Beneficiaries has filed a written notice of such
election with the Administrator.
8.3    Withdrawal Rights after Termination of Employment. The following are the
distribution rights after termination of employment with all Controlled Group
Members:
(1)    Retired Participants, Spouse Beneficiary Participants, or Beneficiary
Participants may withdraw during any year all or any portion of the remaining
balance in their Account(s), provided that no withdrawal of less than $500 may
be made unless it constitutes the entire remaining balance. Such withdrawals,
however, are limited to a maximum of four (4) in a Plan Year.
(2)    Except as provided in Section 8.3(1), Non-employee Participants may only
withdraw their entire Plan Account(s); provided, however, that Non-employee
Participants may also make a one-time withdrawal to pay off any outstanding Plan
loan(s) without triggering the requirement to make a withdrawal of their entire
Plan balance.
8.4    Reinstatements.
(1)    Except as otherwise provided in this Plan, any amounts held in the
Employer Matching Contributions Account, Non-Elective Employer Contributions
Account and

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Prior Plan Employer Contributions Account forfeited by a Participant’s
termination of employment prior to vesting will be used to reduce the applicable
Employer’s subsequent Contributions to the Plan; provided, however, that such
forfeited Contributions shall not be used to fund Contributions to the Safe
Harbor Employer Matching Contributions Account. The amounts forfeited held in
the Employer Matching Contributions Account, Non-Elective Employer Contributions
Account and Prior Plan Employer Contributions Account, however, shall be
reinstated if the Participant is rehired by an Employer, and, within five (5)
years after the date of rehire, repays an amount equal to the lesser of: (1) the
Employer Matching Contributions, Non-Elective Employer Contributions and Prior
Plan Employer Contributions, and earnings thereon as of the date of forfeiture,
for the last 24 months in which they contributed to the Plan, or (2) the amount
of the Plan distribution received upon termination of employment. The maximum an
Active Participant may repay is the Participant’s After-Tax Contributions, and,
if applicable, Pre-Tax Contributions and Roth Deferral Contributions, the total
of which must not exceed the amount of the previous total distribution.
Reinstated contributions by an eligible rehired employee are deposited into the
After-Tax Contributions Account (if attributable to pre-1987 after-tax employee
contributions in the After-Tax Contributions Account, such contributions are
credited to the pre-1987 subaccount). In any case, the rehired Participant shall
have reinstated toward vesting the total number of months for which
contributions were matched prior to the Participant’s complete distribution. The
reinstatement contribution shall not be adjusted for earnings or losses during
the forfeiture period.
(2)    Notwithstanding the foregoing, a Deferred Participant who is reemployed
by a Controlled Group Member will have nonvested forfeited Employer Matching
Contributions, Non-Elective Employer Contributions and Prior Plan Employer
Contributions automatically

50

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reinstated into the Employer Matching Contributions Account, Non-Elective
Employer Contributions Account or Prior Plan Employer Contributions Account, as
the case may be, as of the date of reemployment provided that such reemployment
date occurs within five (5) years of the date of such Participant’s last
termination of employment from a Controlled Group Member. All automatic
reinstatements will be invested in accordance with the Participant’s direction.
A Deferred Participant who is reemployed by an Employer or any Controlled Group
Member will have reinstated toward vesting the total number of months recognized
for vesting under Article VI immediately prior to such Participant’s last
termination of employment from a Controlled Group Member.
8.5    Settlement Options.
(1)    Unless a Participant elects otherwise and except as provided below,
distribution of his or her Account(s) will be made in a single sum payment, in
either cash or in securities.
(2)    A Participant’s elective deferrals and earnings attributable to these
contributions shall be distributed on account of the Participant’s severance
from employment, regardless of when the severance from employment occurred.
However, such a distribution shall be subject to the other provisions of the
Plan regarding distributions, other than provisions that require a separation
from service before such amounts may be distributed.
(3)    Notwithstanding any provision of the Plan to the contrary that would
otherwise limit a distributee’s election under this Article, a distributee may
elect, at the time and in the manner prescribed by the Administrator to have any
portion of an eligible rollover distribution paid directly to an eligible
retirement plan specified by the distributee in a direct rollover. For purposes
of this Section 8.5(3), the following definitions shall apply:

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(a)    Eligible rollover distribution. Any distribution of all or any portion of
the balance to the credit of the distributee from the Plan, except (a) any
distribution that is one of a series of substantially equal periodic payments
(not less frequently than annually) made for the life (or life expectancy) of
the distributee or the joint lives (or joint life expectancies) of the
distributee and the distributee’s designated beneficiary, or for a specified
period of ten years or more, (b) any distribution to the extent the distribution
is required under Section 401(a)(9) of the Code, (c) the portion of any
distribution that is not includible in gross income (other than a distribution
from a designated Roth account, as defined in Section 402A of the Code), and (d)
any distribution which is made upon the hardship of the distributee. For
purposes of this Section, a portion of a distribution shall not fail to be an
Eligible Rollover Distribution merely because the portion consists of after-tax
contributions which are not includible in gross income, including any amounts
distributed from a designated Roth account (as defined in Section 402A of the
Code). However, such portion may be transferred only to an individual retirement
account or annuity described in Section 408(a) or (b) of the Code, or to a
qualified trust (within the meaning of Section 402(c) of the Code) or an annuity
contract described in Section 403(b) of the Code that agrees to separately
account for amounts so transferred (and earnings thereon), including separately
accounting for the portion of such distribution which is includible in gross
income and the portion of such distribution which is not so includible.
(b)    Eligible retirement plan. An eligible retirement plan shall means an
individual retirement account or annuity described in Section 408 of the Code, a
defined contribution plan that meets the requirements of Section 401(a) of the
Code and

52

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accepts rollovers, an annuity plan described in Section 403(a) of the Code, an
annuity contract described in Section 403(b) of the Code, an eligible plan under
Section 457(b) of the Code which is maintained by a state, political subdivision
of a state, or any agency or instrumentality of a state or political subdivision
of a state and which agrees to separately account for amounts transferred into
such plan from this Plan, a Roth IRA described in Section 408A(b) of the Code,
or any other type of plan that is included within the definition of “eligible
retirement plan” under Section 401(a)(31)(E) of the Code. The preceding
definition of “eligible retirement plan” shall apply in the case of a
distribution to a spouse after a Participant’s death, or to a spouse or former
spouse who is an alternate payee. However, in the case of a distributee other
than the Participant, spouse or former spouse who is an alternate payee, the
term “eligible retirement plan” shall mean only an individual retirement account
or annuity described in Section 408 of the Code.
(c)    Distributee. A distributee includes an Employee or former Employee. In
addition, the Employee’s or former Employee’s surviving Spouse and the
Employee’s or former Employee’s Spouse or former Spouse who is the Alternate
Payee under a QDRO, are distributees with regard to the interest of the Spouse
or former Spouse. A distributee also includes a non-Spouse Beneficiary who is a
designated beneficiary under the Plan.
(d)    Direct rollover. A direct rollover is a payment by the Plan to the
eligible retirement plan specified by the distributee.
(4)    Notwithstanding the foregoing Subsections of this Section, a direct
rollover of a distribution from the Roth Contributions Account will only be made
to another designated Roth account (as defined in Section 402A of the Code)
under an applicable retirement

53

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plan described in Section 402A(e)(1) of the Code or to a Roth IRA described in
Section 408A of the Code, and only to the extent the rollover is permitted under
the rules of Section 402(c) of the Code. The provisions of Subsection (3) of
this Section that allow a Participant to elect a direct rollover of only a
portion of an eligible rollover distribution shall be applied by treating any
amount distributed from the Participant’s Roth Contributions Account as a
separate distribution from any amount distributed from the rest of the
Participant’s Account, even if the amounts are distributed at the same time.
8.6    Installment Options.
(1)    Retired Participants of any age and Spouse Beneficiary Participants may
elect the Installment Option. Under the Installment Option, Participants may
elect annual, or semi-annual, installments to be paid in cash and/or securities.
Monthly installments may also be elected, but they will be paid only in cash.
After benefits commence under the Installment Option, the Participant may elect
to discontinue receiving further installments at any time. A Retired Participant
and a Spouse Beneficiary Participant may be permitted to take a Retired
Participant withdrawal during the payout period of the Installment Option. If a
Participant dies during the payout period under the Installment Option, the
installment payments will cease and any further benefits with respect to the
Participant’s Account(s) will be payable pursuant to the provisions of Section
8.7.
(2)    Any new installment elections or changes to current elections result in
proceeds being redeemed in the order described in Section 7.2, with the type of
Account taking precedence over the type of Investment. For minimum required
distribution withdrawals for Retired Participants, these required withdrawals
will also be distributed in the order defined by the Plan default.

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8.7    Distributions on Account of Death. Subject to Section 8.9, a Beneficiary,
in the event of the Participant’s death, may receive funds from the Plan in cash
and/or securities commencing pursuant to the terms of Article VIII. If payment
of the Participant’s Account(s) pursuant to Article VIII of the Plan has
commenced before the Participant’s death, the remaining balance of the
Participant’s benefit will be distributed to the designated Beneficiary or
Beneficiaries at least as rapidly as required under Code Section 401(a)(9) and
the regulations thereunder
8.8    Distributions Pursuant to a Qualified Domestic Relations Order. Alternate
Payees shall be eligible to receive distribution of their Accounts at any time
after the “earliest retirement age” (as defined in Section 414(p)(4)(B) of the
Code) of the Participant from whose Account the Alternate Payee’s Account was
created or, if the QDRO applicable to the Alternate Payee so provides, at any
time after the date the Alternate Payee’s Account is established pursuant to
Section 5.2. If a QDRO orders the Administrator to distribute all or any portion
of the Account of the Alternate Payee to such Alternate Payee, the Administrator
as soon as practicable shall make such distribution of such interest in the
Account to such Alternate Payee. If a withdrawal of the Alternate Payee
Participant’s account balance has not been made earlier, then Alternate Payee
Participants will receive an automatic distribution of the account balance from
the Plan no later than 180 days after the account has been established. An
Alternate Payee Participant with a Plan balance of $5,000 or less may maintain
an open Account until no later than 60 days after becoming an Alternate Payee
Participant or as soon as administratively feasible thereafter when a
distribution may be processed.

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8.9    Provision Pursuant to Section 401(a)(9) of the Code. The Plan will apply
the minimum distribution requirements of Code Section 401(a)(9), as described in
Appendix A.
8.10    Automatic Rollovers. The Plan balance of Participants, other than Active
Participants and Participants with Account(s) in Suspense, will be distributed
to such Participants in the form of a lump sum in cash without their consent if
their Plan balance is less than or equal to $5,000, determined immediately after
the forfeiture of any nonvested Employer Matching Contributions, Non-Elective
Employer Contributions and Prior Plan Employer Contributions. Account balances
attributable to rollover contributions (and earnings allocable thereto), are
included in determining a participant’s eligibility to receive the small
cash-out under this Section 8.10. In the event of a small cash-out under this
Section 8.10 in which the Plan balance is greater than $1,000, if the
Participant does not elect to have such distribution paid directly to an
eligible retirement plan specified by the Participant in a direct rollover or to
receive the distribution directly in accordance with Code Section 401(a)(31)(B),
then the Administrator will pay the distribution in a direct rollover to an
individual retirement account designated by the Administrator.

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ARTICLE IX - ADMINISTRATION OF THE PLAN AND TRUST
9.1    Plan Administrator. The Company has appointed Philip E. Hall as Plan
Administrator. The Company may appoint such assistant administrators as may be
deemed necessary. The Administrator shall be a Named Fiduciary under the Plan
for all purposes other than for purposes of the control or management of the
assets of the Plan.
9.2    Duties of Plan Administrator. The Administrator shall be responsible for
the administration and interpretation of the Plan. The Plan intends to meet the
requirements of ERISA Section 404(c) and its regulations. Under these rules, the
Plan fiduciaries may be relieved of liability for any losses which are the
direct and necessary result of investment instructions given by a Participant or
Beneficiary. In determining the eligibility of Participants and other
individuals for benefits and in construing the Plan’s terms, the Administrator
has the power to exercise discretion in the construction of doubtful, disputed,
or ambiguous terms or provisions of the Plan, in cases where the Plan document
is silent, or in the application of Plan terms or provisions to situations not
clearly or specifically addressed in the Plan itself. In situations in which the
Administrator deems it to be appropriate, the Administrator may evidence (i) the
exercise of such discretion, or (ii) any other type of decision, directive, or
determination it may make with respect to the Plan, in the form of a written
administrative ruling which, until revoked, or until superseded by plan
amendment or by a different administrative ruling or a different administration
of the ruling, shall thereafter be followed in the administration of the Plan.
9.3    Delegation of Duties. The Trustee and the Company may, by agreement in
writing, arrange for a delegation by the Trustee to the Administrator of any of
the Trustee’s functions, except the custody of assets and discretion to manage
and control the assets, the voting with respect to shares held by the Trustee,
and the purchase, sale, or redemption of securities.

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The Administrator may, from time to time, delegate to any assistant plan
administrator appointed pursuant to this Article the authority to exercise any
or all of the foregoing powers and such others as the Administrator deems
necessary and appropriate to carry out the provisions of the Plan.
9.4    Investment Committee. With respect to investment matters, an Investment
Committee shall be responsible (i) for reviewing and monitoring the performance
of any investment managers which have been appointed and in developing
appropriate guidelines and investment strategies for such investment managers,
and (ii) for carrying out the Plan’s funding policy, in selecting and reviewing
appropriate Investment Funds, and in addressing any related investment matters.
The Committee shall consist of the Administrator and any other officers of the
Company or the Corporation whom the Administrator (or the Company or
Corporation) may appoint, from time to time, to serve upon the Committee. The
Administrator is also authorized to obtain the services of legal counsel,
outside consultants, and other appropriate persons, as it deems necessary or
appropriate, to assist the Committee in performing its responsibilities. Any
fees, charges, and/or costs associated with the retention of such services shall
be paid by the Company.
9.5    Records; Statements of Accounts.
(1)    In the administration of the Plan, the Trustee or the Administrator shall
maintain individual ledger records on each Participant’s account(s). Such
records shall reflect a Participant’s Account(s) as between Employer and
Employee Contributions and among different forms of Employee and Employer
Contributions on a continuous basis. The records of the Trustee, the
Administrator, and the Company shall be conclusive in respect to all matters
involved in the administration of this Plan except as otherwise provided herein
or by law.

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(2)    At least annually, a statement will be furnished to each Participant of
the status of the Participant’s account(s) which shall specify whether the
Participant has a vested right to all or any portion of his or her Account. This
statement shall be deemed to have been accepted as correct unless written notice
to the contrary is received by the Administrator within 90 days after its
mailing to the Participant.
(3)    Any application to make Participant contributions, any election, any
withdrawal request, or any other direction under the Plan by a Participant must
be accepted on behalf of the Administrator before it shall be effective.
9.6    Costs, Expenses and Fees. All costs, expenses, and fees incurred in
administering this Plan, to the extent not paid by the Company, shall be
incurred by Participants, Beneficiaries and Alternate Payees. Fees or charges
for investment management services shall not be paid by the Company but shall be
borne by the Participants, Beneficiaries and Alternate Payees electing such
services. Any taxes applicable to the Participant’s account(s) shall be charged
or credited to the Participant’s account(s) by the Trustee.
9.7    Uniformity. Any discretionary acts taken under this Plan by the
Administrator, the Company, or the Trustee shall be uniform in their nature,
shall be applicable to all Participants similarly situated, and shall be
administered in a nondiscriminatory manner in accordance with the provisions of
the Code and ERISA. It is intended that the standard of judicial review applied
to any determination made by the Administrator shall be the “arbitrary and
capricious” standard of review. Decisions of the Administrator made on all
matters within the scope of its authority shall be final and binding upon all
persons, including the Company, any Trustee, all Participants, Beneficiaries and
Alternate Payees; their heirs and personal representatives, and all labor unions
or other similar organizations representing Participants.

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9.8    The Trust Fund. The Trust Fund shall be held by the Trustee for the
exclusive benefit of the Participants and their Beneficiaries, and the Trust
Fund shall be invested by the Trustee upon such terms and in such property as is
provided in the Plan and in the Trust Agreement. The Trustee will, from time to
time, make payments, distributions and deliveries from the Trust Fund as
provided in the Plan. The Trustee in its relation to the Plan shall be entitled
to all of the rights, privileges, immunities and benefits conferred upon it and
shall be subject to all of the duties imposed upon it under the Trust Agreement.
The Trust Agreement is hereby incorporated in the Plan by reference, and each
Employer, by adopting the Plan, authorizes the Company to execute the Trust
Agreement (including any amendment or Plan thereof) in its behalf with respect
to the Plan.
9.9    Payment of Benefits. All payments of benefits provided for by the Plan
(less any deductions provided for by the Plan) shall be made solely out of the
Trust Fund in accordance with instructions given to the Trustee by the
Administrator pursuant to the terms of the Plan, and no Employer shall otherwise
be liable for any benefits payable under the Plan.

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ARTICLE X - CLAIMS PROCEDURES
10.1    Filing Claim. Any claim for benefits under the Plan shall be made in
writing, identified as a claim for benefits, and filed with the Administrator.
The Administrator may treat any writing or other communication received by the
Administrator as a claim for benefits under these procedures, even if the
writing or communication is not identified as a claim for benefits.
10.2    Notification by Administrator. Written notice of the disposition of a
claim shall be furnished to the claimant within 60 days after the claim is
filed, except that such period may be extended for an additional 60 days if the
Administrator determines that special circumstances require such extension. In
the event the claim is wholly or partially denied, the claimant shall be
notified in writing that the claim has been denied. Such notice shall be written
in a manner calculated to be understood by the claimant and shall (1) state the
specific reasons for the denial of the claim, (2) make references to the
specific provisions of this Plan and/or Trust Agreement on which the denial of
the claim is based, (3) contain a description of any additional material or
information necessary for the claimant to perfect his or her claim and an
explanation of why it is necessary, and (4) contain a description of this Plan’s
review procedures under Section 10.3, and the time limits applicable to such
procedures, including a statement of the claimant's right to bring a civil
action under Section 502(a) of ERISA following an adverse benefit determination
on review.
10.3    Review Procedure. Upon denial of a claim in whole or in part, a claimant
(or the claimant’s authorized representative) shall have the right to submit a
written request to the Administrator, for a full and fair review of the denied
claim, and shall have, upon request and free of charge, reasonable access to,
and copies of, all documents, records, and other information relevant to the
claimant’s claim for benefits and may submit issues and comments in writing.

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The review shall take into account all comments, documents, records, and other
information submitted by the claimant relating to the claim, without regard to
whether such information was submitted or considered in the initial benefit
determination. A request for review of a claim must be submitted within 65 days
of receipt by the claimant of written notice of the denial of the claim. If the
claimant fails to file a request for review within 65 days of the denial
notification, the claim will be deemed permanently waived and abandoned, and the
claimant will be precluded from reasserting it. If the claimant does file a
request for review, the claimant’s request shall include a description of the
issues and evidence the claimant deems relevant. Failure to raise issues or
present evidence on review will preclude those issues or evidence from being
presented in any subsequent proceeding or judicial review of the claim. A
decision shall be rendered no more than 60 days after the Administrator’s
receipt of the request for review, except that such period may be extended for
an additional 60 days if the Administrator determines that special circumstances
(such as for a hearing) require such extension. If an extension of time is
required, written notice of the expected decision date and the reasons for the
extension shall be furnished to the claimant before the end of the initial
60-day period. In the event of an adverse benefit determination on review, the
notice of the determination (1) shall be written in a manner calculated to be
understood by the claimant, (2) shall state the specific reasons for the
decision, (3) shall make reference to the specific provisions of this Plan
and/or Trust Agreement on which the determination was based, (4) shall contain a
statement that the claimant is entitled to receive, upon request, and free of
charge, reasonable access to, and copies of, all documents, records, and other
information relevant to the claimant's claim for benefits, and (5) shall contain
a statement of the claimant's right to bring an action under Section 502(a) of
ERISA. To the extent of its responsibility to review the denial of benefit
claims, the

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Administrator shall have full authority to interpret and apply in its sole
discretion the provisions of the Plan. The decision of the Administrator on
appeal shall be final and binding upon any and all claimants, including, but not
limited to, Participants and Beneficiaries, and any other individuals making a
claim through or under them.
10.4    Timing of Legal Action. Claimants must follow the claims procedures
described by this Article X before taking action in any other forum regarding a
claim for benefits under the Plan. Any suit or legal action initiated by a
claimant under the Plan must be brought by the claimant no later than one year
following a final decision on the claim for benefits under these claim
procedures. The one-year statute of limitations on suits for benefits shall
apply in any forum where a claimant initiates such suite or legal action. If a
civil action is not filed within this period, the claimant’s benefit claim will
be deemed permanently waived and abandoned, and the claimant will be precluded
from reasserting it.
10.5    Delegation by Administrator. The Administrator in its sole discretion
may from time to time delegate such of its power and authority under the
provisions of this Article X to such person(s) as it deems appropriate for the
orderly administration and determination of claims. Such delegation may include,
without limitation, the Administrator’s power and authority to decide a claim or
to review and decide an appealed claim. Upon any such delegation, the
delegatee(s) shall have, to the extent of the delegation, the full power,
authority and discretion of the Administrator with respect to the affected
claim(s).

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ARTICLE XI - FIDUCIARY RESPONSIBILITY
11.1    Immunities. Except as otherwise provided by applicable law, (1) no
Fiduciary shall be liable for any action taken or not taken in good faith with
respect to the Plan except for his or her own willful misconduct; (2) no
Fiduciary shall be personally liable upon any contract, agreement or other
instrument made or executed by him or in his behalf in the administration of the
Plan; (3) no Fiduciary shall be liable for the neglect, omission or wrongdoing
of another Fiduciary nor shall any Fiduciary be required to make inquiry into
the propriety of any action by another Fiduciary; (4) each Employer, its
directors, officers, and employees, the Administrator and its Participants, and
the Investment Committee and its Participants, and any other person to whom the
Company delegates (or the Plan or Trust Agreement assigns) any duty with respect
to the Plan, may rely and shall be fully protected in acting upon the advice of
counsel, who may be counsel for an Employer, upon the records of an Employer,
upon the opinion, valuation, report, or determination of the auditor of the
Company, or upon any certificate, statement or other representation made by an
Employee, a Participant, a Beneficiary or the Trustee concerning any fact
required to be determined under any of the provisions of the Plan; (5) if any
responsibility of a Fiduciary is allocated to any other person, then such
Fiduciary shall not be responsible for any act or omission of such person in
carrying out such responsibility and (6) no Fiduciary shall have the duty to
discharge any duty, function or responsibility which is assigned by the terms of
the Plan or Trust Agreement or delegated pursuant to the provisions of Section
11.2 to another person.
11.2    Allocation and Delegation of Fiduciary Responsibilities.
(1)    The Fiduciaries shall have only such powers, duties, responsibilities and
authorities as are specified in the Plan or Trust Agreement or as shall be
delegated to them pursuant to this Section. The Administrator shall have the
responsibility and authority to carry

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out the duties assigned or allocated to it hereunder or under the Trust
Agreement, and to interpret and administer the Plan, subject to the provisions
hereof. The Trustee shall have the responsibility and authority for the
administration of the Trust Fund subject to the provisions of the Trust
Agreement. The Company shall have the responsibility (along with the other
Employers) for making contributions under the Plan, and shall have the authority
to amend or terminate the Plan in whole or in part. The Investment Committee
shall have the responsibility and authority as set forth in Article IX.
(2)    The Company, the Investment Committee and the Administrator may each
designate any person (in addition to those specifically designated in the Plan)
as a Fiduciary or Named Fiduciary and may delegate to any such person any one or
more powers, functions, duties and/or responsibilities with respect to the Plan,
provided that no such power, function, duty or responsibility which is assigned
to a Fiduciary (other than the delegator) pursuant to some other Section of the
Plan or Trust Agreement shall be so delegated without the written consent of
such Fiduciary.
(3)    Any delegation pursuant to Subsection (2) of this Section 11.2, (a) shall
be signed by the delegator, be delivered to and accepted in writing by the
delegatee and be delivered to the Administrator, (b) shall contain such
provisions and conditions relating to such delegation as the delegator deems
appropriate, (c) shall specifically designate the powers, functions, duties and
responsibilities therein delegated, (d) may be amended from time to time by
written agreement signed by the delegator and the delegatee and delivered to the
Administrator and (e) may be revoked (in whole or in part) at any time by
written notice from the delegator delivered to the delegatee and the
Administrator or from the delegatee delivered to the delegator and the
Administrator.

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ARTICLE XII - CODE SECTIONS 415 AND 416 PROVISIONS
12.1    Provision Pursuant to Code Section 415(c).
(1)    Notwithstanding any other provision of this Plan (except to the extent
permitted under Section 3.3 and Section 414(v) of the Code), the maximum annual
addition (as defined in Subsection (2) of this Section) to a Participant’s
Account (and to any account for the Participant under the Plan or any other
defined contribution plan, whether or not terminated, maintained by any
Controlled Group Member) shall in no event exceed the lesser of (a) 100% of the
participant’s compensation (as defined in Subsection (4) of this Section), or
(b) $40,000 (as such amount may be adjusted by the Secretary of the Treasury
pursuant to Code Section 415(d)), except that this compensation limitation shall
not apply to: (i) any contribution for medical benefits (within the meaning of
Section 419A(f)(2) of the Code) after separation from service which is otherwise
treated as an annual addition, or (ii) any amount otherwise treated as an annual
addition under Section 415(l)(1) of the Code.
(2)    For the purpose of this Section 12.1, the term “annual addition” means
the sum for any Plan Year (which shall be the limitation year) of:
(a)    All contributions (excluding Catch-Up Contributions and Rollover
Contributions) made by the Controlled Group which are allocated to the
Participant’s account pursuant to a defined contribution plan maintained by a
Controlled Group Member;
(b)    The amount of employee contributions made by the Participant (excluding
Catch-Up Contributions and Rollover Contributions);
(c)    All forfeitures allocated to the Participant’s account pursuant to a
defined contribution plan maintained by a Controlled Group Member; and

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(d)    Amounts described in Sections 415(l)(1) and 419A(d)(2) of the Code.
(3)    For purposes of this Section 12.1, the definition of “Controlled Group”
set forth in Subsection 1.1(15) shall be modified as provided by Section 415(h)
of the Code.
(4)    For purposes of the limitation in Section 12.1(1), a Participant’s
compensation shall include the Participant’s wages, salaries, fees for
professional service, and other amounts received for personal services actually
rendered in the course of employment with any Controlled Group Member
(including, but not limited to, commissions paid salesmen, compensation for
services on the basis of a percentage of profits, commissions on insurance
premiums, tips, and bonuses) and elective deferrals under Code Sections 125,
132(f)(4), 402(e)(3), 402(h)(1)(B), 402(k), and 457(b). A Participant’s
compensation shall also include amounts described in Code Section 104(a)(3),
105(a), or 105(h), but only to the extent includable in the Participant’s gross
income; nondeductible reimbursed moving expenses; amounts includible in the
Participant’s gross income upon grant of a nonstatutory stock option, or an
election under Code Section 83(b); and amounts includible in the Participant’s
gross income as constructively received under the rules of Code Section 409A or
457(f)(1)(A). However, a Participant’s compensation shall exclude such items as
Employer contributions to a plan of deferred compensation, income realized from
the exercise of a non-qualified stock option, income realized from the
disposition of stock acquired under an incentive stock option, and reimbursed
deductible moving expenses. Compensation, for the purposes of the foregoing
limitation, shall also include: amounts paid or made available after a
Participant’s severance from service, required to be included under Treasury
Regulation Sections 1.415(c)-2(e)(3)(i) and 1.415(c)-2(e)(3)(ii); and payments
of back pay within the meaning of Treasury Regulation

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Section 1.415(c)-2(g)(8). This definition of compensation is intended to comply
with Treasury Regulation Section 1.415(c)-2. The term “compensation” shall also
include any differential wage payments (within the meaning of Section 3401(h)(2)
of the Code) made to a participant by the Controlled Group.
12.2    Provision Pursuant to Code Section 416.
(1)    Definitions. For the purposes of this Section, the following terms, when
used with initial capital letters shall have the following respective meanings:
(a)    Aggregation Group: Permissive Aggregation Group or Required Aggregation
Group, as the context shall require.
(b)    Compensation: Compensation as defined in Section 12.1(4).
(c)    Defined Benefit Plan: A qualified plan which is not a defined
contribution plan.
(d)    Defined Contribution Plan: A qualified plan which provides for an
individual account for each participant, and for benefits based solely on the
amount contributed to the participant’s account, and any income, expenses, gains
and losses, and any forfeitures of accounts of other participants which may be
allocated to the participant’s account.
(e)    Determination Date: For any Plan Year, the last day of the immediately
preceding Plan Year, except that in the case of the first Plan Year of a Plan,
the Determination Date shall be the last day of such first Plan Year.
(f)    Former Key Employee: A Non-Key Employee with respect to a Plan Year who
was a Key Employee in a prior Plan Year. Such term shall also include the
Participant’s Beneficiary in the event of the Participant’s death.

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(g)    Key Employee: An Employee or former Employee who at any time during the
Plan Year is (i) an officer of an Employer (as the term “officer” is limited in
Section 416(i)(1)(A) of the Code) having an annual Compensation greater than
$130,000 (as adjusted under Section 416(i)(1) of the Code for Plan Years
beginning after December 31, 2002), (ii) a 5% owner (as such term is defined in
Section 416(i)(1)(B)(i) of the Code) of an Employer, or (iii) a 1% owner (as
such term is defined in Section 416(i)(1)(B)(ii) of the Code) of an Employer
having an annual Compensation of more than $150,000. For purposes of this
paragraph (g), the term “Compensation” has the meaning given such term by
Section 415(c)(3) of the Code. The term “Key Employee” shall also include such
Employee's Beneficiary in the event of the Participant’s death. The
determination of who is a Key Employee shall be made in accordance with Code
Section 416(i)(1) and the applicable Treasury Regulations and other guidance of
general applicability issued thereunder.
(h)    Non-Key Employee: An Employee or former Employee who is not a Key
Employee. Such term shall also include the Participant’s Beneficiary in the
event of the Participant’s death.
(i)    Permissive Aggregation Group: The group of qualified plans of the
Employer consisting of:
(i)    The plans in the Required Aggregation Group; plus
(ii)    One (1) or more plans designated from time to time by the Administrator
that are not part of the Required Aggregation Group but that satisfy the
requirements of Sections 401(a)(4) and 410 of the Code when considered with the
Required Aggregation Group.

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(j)    Required Aggregation Group: The group of qualified plans of the Employer
consisting of,
(i)    Each plan in which a Key Employee participates; plus
(ii)    Each plan which enables a plan in which a Key Employee participates to
meet the requirements of Section 401(a)(4) or 410 of the Code.
(k)    Top-Heavy Account Balance: A Participant’s (including a Participant who
has received a total distribution from this Plan) or a Beneficiary’s aggregate
balance standing to his or her Account as of the Valuation Date coinciding with
or immediately preceding the Determination Date; provided, however, that such
balance shall include the aggregate distributions made to such Participant or
Beneficiary during the 1-year period ending on the Determination Date (including
distributions under a terminated plan which if it had not been terminated would
have been included in a Required Aggregation Group) unless such aggregate
distributions were made for a reason other than severance from employment,
death, or disability in which case the preceding provisions of this paragraph
(k) shall be applied by substituting a 5-year period for the 1-year period and;
provided, further, that if an Employee or former Employee has not performed
services for any Employer maintaining the Plan at any time during the 1-year
period ending on the Determination Date, such Account (and/or the Account of the
Participant’s Beneficiary) shall not be taken into account.
(l)    Top-Heavy Group: An Aggregation Group if, as of a Determination Date, the
aggregate present value of accrued benefits for Key Employees in all plans in
the Aggregation Group (whether Defined Benefit Plans or Defined

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Contribution Plans) is more than sixty percent (60%) of the aggregate present
value of accrued benefits for all employees in such plans.
(m)    Top-Heavy Plan: See Section 12.2(2).
(2)    Determination of Top-Heavy Status.
(a)    Except as provided by paragraph (b) of this Subsection, the Plan shall be
a Top-Heavy Plan if, as of a Determination Date:
(i)    The aggregate of Top-Heavy Account Balances for Key Employees is more
than sixty percent (60%) of the aggregate of all Top-Heavy Account Balances,
excluding for this purpose the aggregate Top-Heavy Account Balances of Former
Key Employees; or
(ii)    If the Plan is included in a Required Aggregation Group which is a
Top-Heavy Group.
(b)    If the Plan is included in a Permissive Aggregation Group which is not a
Top-Heavy Group, the Plan shall not be a Top-Heavy Plan notwithstanding the fact
that the Plan would otherwise be a Top-Heavy Plan under paragraph (a) of this
Subsection.
(3)    Top-Heavy Plan Requirements. Notwithstanding any other provisions of this
Plan to the contrary, if the Plan is a Top-Heavy Plan for any Plan Year, the
Plan shall then satisfy the following requirements for such Plan Year:
(a)    The minimum contribution requirement as set forth in Subsection (4).
(b)    The adjustment to maximum benefits and allocations as set forth in
Subsection (5).

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(4)    Minimum Contribution Requirement.
(a)    Each Non-Key Employee who is eligible to share in any Employer Matching
Contribution for such Plan Year shall be entitled to receive an allocation of
such Contribution which is at least equal to three percent (3%) of the
Participant’s Compensation for such Plan Year.
(b)    The three percent (3%) minimum contribution requirement under paragraph
(a) above shall be increased to four percent (4%) in the circumstances set forth
in paragraph (a) of Subsection (5) of this Section.
(c)    The percentage minimum contribution requirement set forth in paragraphs
(a) and (b) above with respect to a Plan Year shall not exceed the percentage at
which Employer Matching Contributions are made (or required to be made) under
the Plan for such Plan Year for the Key Employee for whom such percentage is the
highest for such Year. The determination referred to in the immediately
preceding sentence shall be determined for each Key Employee by dividing the
Employer Matching Contribution allocated to such Key Employee in that Plan Year
by such Key Employee’s Compensation for such Plan Year. For purposes of the
percentage minimum contribution requirement set forth in paragraphs (a) and (b)
above, Employer Matching Contributions shall include all Employer Matching
Contributions and those Deferred Salary Contributions and/or Roth Contributions
made for Key Employees; provided, however, that Employer Matching Contributions
that are taken into account in satisfying the percentage minimum contribution
requirement set forth in paragraphs (a) and (b) above shall be treated as
matching contributions for purposes of the actual contribution percentage test
and other requirements of Section 401(m) of the Code.

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(d)    The percentage minimum contribution requirement set forth in paragraphs
(a) and (b) of this Subsection may also be reduced in accordance with paragraph
(b) of Subsection (6) of this Section.
(e)    For the purpose of paragraph (c) of this Subsection, contributions taken
into account shall include like contributions under all other Defined
Contribution Plans in the Required Aggregation Group, excluding any such plan in
the Required Aggregation Group if that plan enables a Defined Benefit Plan in
such Required Aggregation Group to meet the requirements of Section 401(a)(4) or
Section 410 of the Code.
(5)    Adjustment to Maximum Benefits and Allocations. If the Plan is a
Top-Heavy Plan for any Plan Year, and if the Employer maintains a Defined
Benefit Plan which could or does provide benefits to Participants in this Plan,
then Subsection (4)(b) shall apply so that the percentage minimum contribution
requirement in Subsection(4)(b) is four percent (4%).
(6)    Coordination With Other Plans.
(a)    In applying this Section, an Employer and all Controlled Group Members
shall be treated as a single employer, and the qualified plans maintained by
such single employer shall be taken into account.
(b)    In the event that another Defined Contribution Plan or Defined Benefit
Plan maintained by the Employer provides contributions or benefits on behalf of
Participants in this Plan, such other Plan(s) shall be taken into account in
determining whether this Plan satisfied Subsection (3); and the minimum
contribution required for a Non-Key Employee in this Plan under Subsection (4)
will be eliminated if the Employer

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maintains another qualified plan under which such minimums are required to be
provided.
(c)    In the event a Defined Benefit Plan maintained by the Employer provides
benefits on behalf of Participants in this Plan, the provisions contained in
paragraph (d) of this Subsection shall be applied in order to preclude either
required duplication or inappropriate omission of minimum benefits or
contributions.
(d)    Each Non-Key Employee for whom a minimum contribution is required under
Subsection (4) of this Section and for whom a minimum benefit is required under
a Defined Benefit Plan maintained by the Employer shall be provided with the
minimum benefit under the Defined Benefit Plan(s), provided that such benefit
shall be reduced by an amount (but such reduction shall not result in a minimum
benefit of less than zero) of benefits which (if the benefits provided under
this Plan were converted to a benefit under the Defined Benefit Plan(s)) is the
actuarial equivalent of the benefits provided by the vested portion of the
Non-Key Employee’s account balance (including any prior distributions or
withdrawals therefrom) in this Plan determined as of the Determination Date of
the Plan Year for which the minimum benefit is to be provided and shall not be
provided with such minimum contribution under this Plan.
(7)    Construction: The term “present value of accrued benefits” as used in
this Section shall in all appropriate cases include account balances of affected
Employees.
(8)    Accrued Benefit: Solely for the purpose of determining if the Plan, or
any other plan included in a required aggregation group of which this Plan is a
part, is top-heavy (within the meaning of Section 416(g) of the Code) the
accrued benefit of an Employee other than a key employee (within the meaning of
Section 416(i)(1) of the Code) shall be determined

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under (a) the method, if any, that uniformly applies for accrual purposes under
all plans maintained by the Controlled Group, or (b) if there is no such method,
as if such benefit accrued not more rapidly than the slowest accrual rate
permitted under the fractional accrual rate of Section 411(b)(1)(C) of the Code.

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ARTICLE XIII - MISCELLANEOUS
13.1    Prohibition on Assignment of Interest. Except as provided in a QDRO, and
to the extent permitted by law and except as otherwise provided in this Plan, no
interest, right or claim of any kind of a Participant or Beneficiary hereunder
shall be assignable or transferable by the Participant or Beneficiary, nor shall
any such right or interest be subject to sale, mortgage, pledge, hypothecation,
commutation, alienation, anticipation, encumbrance, garnishment, attachment,
execution or levy of any kind, voluntary or involuntary. The Administrator shall
establish procedures to determine the qualified status of domestic relations
orders and to administer distributions under such qualified orders in accordance
with Section 414(p) of the Code. Notwithstanding any other provision of this
Plan to the contrary, the Plan shall honor a judgment, order, decree or
settlement providing for the offset of all or a part of a Participant’s benefit
under the Plan, to the extent permitted under Section 401(a)(13)(C) of the Code;
provided that the requirements of Section 401(a)(13)(C)(iii) of the Code
relating to the protection of the Participant’s spouse (if any) are satisfied.
13.2    Facility of Payment. In the event the Administrator finds that any
Participant or Beneficiary to whom a benefit is payable under the Plan is (at
the time such benefit is payable) unable to care for his or her affairs because
of physical, mental or legal incompetence, the Administrator, in its sole
discretion, may cause any payment due to him hereunder, for which prior claim
has not been made by a duly qualified guardian or other legal representative, to
be paid to the person or institution deemed by the Administrator to be
maintaining or responsible for the maintenance of such Participant or
Beneficiary; and any such payment shall be deemed a payment for the account of
such Participant or Beneficiary and shall constitute a complete discharge of any
liability therefor under the Plan.

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13.3    No Enlargement of Employment Rights. A Participant by accepting benefits
under the Plan does not thereby agree to continue for any period in the employ
of his or her Employer, and the Employers by adopting the Plan, making
contributions or taking any action with respect to the Plan do not obligate
themselves to continue the employment of any Participant for any period.
13.4    Merger or Transfer of Assets. The Company reserves the right to merge or
consolidate the Plan with, and to transfer assets and liabilities of the Plan
to, any other plan, without the consent of any other Employer or other person,
if such transfer is effectuated in accordance with applicable law and if such
other plan meets the requirements of Sections 401(a) and 501(a) of the Code,
permits the receipt of such transfer and, with respect to the liabilities to be
transferred, satisfies the requirements of Section 411(d)(6) of the Code.
Without limiting the generality of the foregoing, there shall not be any merger
or consolidation of this Plan with, or transfer of assets or liabilities of this
Plan to, any other plan, unless each Participant in the transferee plan would
(if such other plan then terminated) receive a benefit immediately after the
merger, consolidation or transfer which is equal to or greater than the benefit
the Participant would have been entitled to receive immediately before the
merger, consolidation, or transfer (if the Plan had then terminated).
13.5    Severability Provision. If any provision of this Plan or the application
thereof to any circumstance or person is invalid, the remainder of this Plan and
the application of such provision to other circumstances or persons shall not be
affected thereby.
13.6    Military Service. Notwithstanding any other provision of this Plan to
the contrary, contributions, benefits and service credit with respect to
qualified military service, as defined in Section 2.4, will be provided in
accordance with Section 414(u) of the Code.

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13.7    Electronic Media. Notwithstanding any provision of this Plan to the
contrary, including any provision which requires the use of a written
instrument, to the extent permitted by applicable law, the Administrator may
establish procedures for the use of electronic media in communications and
transactions between this Plan or the Administrator and Participants and
Beneficiaries. Electronic media may include, but are not limited to, e-mail, the
Internet, intranet systems and telephonic response systems.
13.8    Limitations on Investments and Transactions/Conversions. Notwithstanding
any provision of this Plan to the contrary:
(1)    The Administrator, in its sole and absolute discretion, may temporarily
suspend, in whole or in part, certain Plan transactions, including, without
limitation, the right to change or suspend contributions, and/or the right to
receive a distribution, loan or withdrawal from an Account in the event of any
conversion, change in recordkeeper and/or Plan merger or spinoff.
(2)    The Administrator, in its sole and absolute discretion, may suspend, in
whole or in part, temporarily or permanently, Plan transactions dealing with
investments, including without limitation, the right of a Participant to change
investment elections or reallocate Account balances in the event of any
conversion, change in recordkeeper, change in investment funds and/or Plan
merger or spinoff.
(3)    In the event of a change in investment funds and/or a Plan merger or
spinoff, the Administrator, in its sole and absolute discretion, may decide to
map investments from a Participant’s prior investment fund elections to the then
available investment funds under the Plan. In the event that investments are
mapped in this manner, the Participant shall be permitted to reallocate funds
among the investment funds (in accordance with the terms of the

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Plan and any relevant rules and procedures adopted for this purpose) after the
suspension period described in Subsection (2) of this Section (if any) is
lifted.
(4)    Notwithstanding any provision of the Plan to the contrary, the investment
funds shall be subject to, and governed by, all applicable legal rules and
restrictions and the rules specified by the Investment Fund providers in the
fund prospectus(es) or other governing documents thereof (to the extent such
rules and procedures are imposed and enforced by the investment fund provider
against the Plan or a particular Participant). Such rules, procedures and
restrictions may limit the ability of a Participant to make transfers into or
out of a particular Investment Fund and/or may result in additional transaction
fees or other costs relating to such transfers. In furtherance of, but without
limiting the foregoing, Trustee, recordkeeper, Administrator, Investment
Committee or Investment Fund provider (or their delegate, as applicable) may
decline to implement any investment election or instruction where it deems
appropriate.
13.9    Subrogation and Reimbursement. Errors, omissions or mistakes in the
administration and operation of the Plan do not entitle a Participant to receive
more than the Participant’s correct benefit, and a Participant who receives an
overpayment must repay the overpayment, if requested do so by the Administrator.
The Employer and Administrator reserve the right to correct any mistake in any
reasonable manner, including but not limited to, adjusting the amount of future
benefit payments, repaying to the Plan any overpayment or making catch-up
payments to a Participant of an underpayment.

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ARTICLE XIV - OTHER EMPLOYERS
14.1    Adoption by Other Employers. Any corporation or other entity other than
the Company may, with the consent of the Company, adopt the Plan and thereby
become an Employer hereunder by executing an instrument evidencing such adoption
and filing a copy thereof with the Company. Such adoption may be subject to such
terms and conditions as the Company requires or approves.
14.2    Contribution of Employers. The contribution of the Employers under the
Plan may be paid by the Company on behalf of itself and other Employers. Each
Employer shall pay for that portion of the contribution of the Employers under
the Plan for each year that is allocated to Employees or former Employees of
such Employer, but if such costs as so allocated would (in the opinion of the
Company) not be fully and currently deductible for any Plan Year, the allocation
among the Employers of the costs of the Plan, including the contribution of the
Employers, may be made in such manner as is agreed to by the Employers and as
will permit to the extent possible the deduction (for purposes of federal taxes
on income) by each such Employer of its payments toward such costs.
14.3    Withdrawal of Employer. Any Employer (other than the Company) which
adopts the Plan may elect separately to withdraw from the Plan. Amendments to
the Plan, however, may be made only by the Company. Any such withdrawal shall be
expressed in an instrument executed by the withdrawing Employer and filed with
the Company and the Trustee.

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ARTICLE XV - AMENDMENT OR TERMINATION
15.1    Right to Amend or Terminate. The Company has reserved, and does hereby
reserve, the right at any time, without the consent of any other Employer or of
the Participants, Beneficiaries or any other person, (1) to terminate the Plan,
in whole or in part or as to any or all of the Employers or as to any designated
group of Employees, Participants and their Beneficiaries, or (2) to amend the
Plan, in whole or in part. No such termination or amendment shall decrease the
amount to be contributed by the Employers on account of any Plan Year preceding
the Plan Year in which such termination or amendment is approved by the Company.
The Company reserves the right to delegate such authority granted pursuant to
this Section 15.1 to an authorized committee or individual.
15.2    Procedure for Termination or Amendment. Any termination or amendment of
the Plan pursuant to Section 15.1 shall be expressed in an instrument executed
by the Company (or its delegate) and shall become effective as of the date
designated in such instrument or, if no date is so designated, on its execution.
15.3    Distribution Upon Termination. In the event of termination of the Plan
in whole or in part, or upon the complete discontinuance of contributions,
subject to the last sentence of Section 15.1, Accounts of affected Participants
in the Trust Fund shall be settled and distributed under the provisions of
Article VIII, or, at the direction of the Company, as if each Participant of the
Plan had then terminated employment with the Controlled Group.
15.4    Provision Pursuant to Section 411(d)(3) of the Code. Notwithstanding any
other provision of the Plan, upon the termination or partial termination of the
Plan or upon complete discontinuance of contributions under the Plan, the rights
of all Participants to benefits accrued to the date of such termination or
partial termination or discontinuance, to the extent then funded, or the amounts
credited to the Participants’ Accounts shall be nonforfeitable.

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IN WITNESS WHEREOF, the Company has caused this Plan Document to be adopted and
executed on its behalf effective January 1, 2016, by an authorized officer.

 

 
SPEEDWAY LLC
 
 
 
 
 
 
 
 
/s/ Rodney P. Nichols
 
 
 
By: Rodney P. Nichols
 
 
 
 
 
 
 
Senior Vice President
 
 
 
Human Resources and Administrative Services
 
 
 
Marathon Petroleum Corporation
 
 
 
 
 
 
 
Date Signed:
12/23/2015

                    

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APPENDIX A: MINIMUM DISTRIBUTION REQUIREMENTS

(1)    Definitions. For the purposes of this Appendix A, the following terms,
when used with initial capital letters, shall have the following respective
meanings:
(a)    Designated Beneficiary: The person who is designated as the Beneficiary
as defined in Section 1.1(7) and is the designated beneficiary under Section
401(a)(9) of the Code and Section 1.401(a)(9)-4, Q&A-1, of the Treasury
Regulations.
(b)    Distribution Calendar Year: A calendar year for which a minimum
distribution is required. For distributions beginning before the Participant’s
death, the first Distribution Calendar Year is the calendar year immediately
preceding the calendar year which contains the Participant’s Required Beginning
Date. For distributions beginning after the Participant’s death, the first
Distribution Calendar Year is the calendar year in which distributions are
required to begin under paragraph (b) of Subsection (3) below. The required
minimum distribution for the Participant’s first Distribution Calendar Year will
be made on or before the Participant’s Required Beginning Date. The required
minimum distribution for other Distribution Calendar Years, including the
required minimum distribution for the Distribution Calendar Year in which the
Participant’s Required Beginning Date occurs, will be made on or before December
31 of that Distribution Calendar Year.
(c)    Life Expectancy: Life expectancy as computed by use of the Single Life
Table in Section 1.401(a)(9)-9 of the Treasury Regulations.
(d)    Participant’s Account Balance: The Account balance as of the last
Valuation Date in the calendar year immediately preceding the distribution
calendar year (the “Valuation Calendar Year”) increased by the amount of any
contributions made and

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allocated or forfeitures allocated to the Account balance as of dates in the
Valuation Calendar Year after the Valuation Date and decreased by distributions
made in the Valuation Calendar Year after the Valuation Date. The Account
balance for the Valuation Calendar Year includes any amounts rolled over or
transferred to the Plan either in the Valuation Calendar Year or in the
Distribution Calendar Year if distributed or transferred in the Valuation
Calendar Year.
(e)    Required Beginning Date: The applicable date specified in Subsection (3)
below.
(2)    General Rules. Notwithstanding any provision of the Plan to the contrary,
at the times provided in this Section, distributions under the Plan shall be
made in accordance with the minimum distribution requirements of this Section
and the Treasury Regulations issued under Section 401(a)(9) of the Code;
provided, however, that distributions may be made more rapidly than required by
this Section and such Treasury Regulations to the extent permitted under any
other applicable provisions of the Plan.
(3)    Time of Distribution. (1) The Participant’s entire vested interest will
be distributed, or begin to be distributed, to the Participant no later than the
Participant’s Required Beginning Date. Except as described in paragraph (b)
below, the Required Beginning Date of a Participant who is a 5% owner (as
defined in Section 416 of the Code) shall be the April 1 of the calendar year
following the calendar year the Participant attains age 70½ and the Required
Beginning Date of any other Participant shall be the April 1 of the calendar
year following the later of (i) the calendar year the Participant terminates
employment with the Controlled Group or (ii) the calendar year the Participant
attains age 70½.

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(b)    If the Participant dies before distributions begin, the Participant’s
entire vested interest will be distributed, or begin to be distributed, no later
than as follows:
(i)    If the Participant’s surviving Spouse is the Participant’s sole
Designated Beneficiary, then, unless the election described in paragraph (d)
below is made, distributions to the surviving Spouse will begin by December 31
of the calendar year immediately following the calendar year in which the
Participant died, or by December 31 of the calendar year in which the
Participant would have attained age 70½, if later.
(ii)    If the Participant’s surviving Spouse is not the Participant’s sole
Designated Beneficiary, then, unless the election described in paragraph (d)
below is made, distributions to the Designated Beneficiary will begin by
December 31 of the calendar year immediately following the calendar year in
which the Participant died.
(iii)    If there is no Designated Beneficiary as of September 30 of the year
following the year of the Participant’s death, the Participant’s entire vested
interest will be distributed by December 31 of the calendar year containing the
fifth anniversary of the Participant’s death.
(iv)    If the Participant’s surviving Spouse is the Participant’s sole
Designated Beneficiary and the surviving Spouse dies after the Participant, but
before distributions to the surviving Spouse begin, this

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paragraph (b), other than subparagraph (i) above, will apply as if the surviving
Spouse were the Participant.
(c)    For purposes of this Section, unless subparagraph (iv) of paragraph (b)
above applies, distributions are considered to begin on the Participant’s
Required Beginning Date. If subparagraph (iv) of paragraph (b) above applies,
distributions are considered to begin on the date distributions are required to
begin to the surviving Spouse under subparagraph (i) of paragraph (b) above.
(d)    Notwithstanding the foregoing, if a Participant dies before distributions
begin and there is a Designated Beneficiary, distribution to the Designated
Beneficiary is not required to begin by the Required Beginning Date specified
above if the Participant or the Beneficiary elects, on an individual basis, that
the Participant’s entire vested interest will be distributed to the Designated
Beneficiary by December 31 of the calendar year containing the fifth anniversary
of the Participant’s death; provided, however, that if the Participant’s
surviving Spouse is the Participant’s sole Designated Beneficiary and the
surviving Spouse dies after the Participant, but before distributions to either
the Participant of the surviving Spouse begin, this election will apply as if
the surviving Spouse were the Participant. The election provided in this
paragraph (d) must be made no later than the earlier of September 30 of the
calendar year in which distribution would be required to begin, or by September
30 of the calendar year which contains the fifth anniversary of the
Participant’s (or, if applicable, surviving Spouse’s) death.
(4)    Required Minimum Distributions During Participant’s Lifetime.

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(a)    During the Participant’s lifetime, the minimum amount that will be
distributed for each Distribution Calendar Year is the lesser of:
(i)    the quotient obtained by dividing the Participant’s Account balance by
the distribution period in the Uniform Lifetime Table set forth in Section
1.401(a)(9)-9 of the Treasury Regulations, using the Participant’s age as of the
Participant’s birthday in the Distribution Calendar Year; or
(ii)    if the Participant’s sole Designated Beneficiary for the Distribution
Calendar Year is the Participant’s Spouse, the quotient obtained by dividing the
Participant’s Account balance by the number in the Joint and Last Survivor Table
set forth in Section 1.401(a)(9)-9 of the Treasury Regulations, using the
Participant’s and Spouse’s attained ages as of the Participant’s and Spouse’s
birthdays in the Distribution Calendar Year.
(b)    Required minimum distributions will be determined under this Subsection
(4) beginning with the first Distribution Calendar Year and up to and including
the Distribution Calendar Year that includes the Participant’s date of death.
(5)    Required Minimum Distributions After Participant’s Death.
(a)    Death on or after date distributions begin:
(i)    If the Participant dies on or after the date distributions begin and
there is a Designated Beneficiary, the minimum amount that will be distributed
for each Distribution Calendar Year after the year of the Participant’s death is
the quotient obtained by dividing the Participant’s

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Account balance by the longer of the remaining Life Expectancy of the
Participant or the remaining Life Expectancy of the Participant’s Designated
Beneficiary, determined as follows:
(A)    The Participant’s remaining Life Expectancy is calculated using the age
of the Participant in the year of death, reduced by one for each subsequent
year.
(B)    If the Participant’s surviving Spouse is the Participant’s sole
Designated Beneficiary, the remaining Life Expectancy of the surviving Spouse is
calculated for each Distribution Calendar Year after the year of the
Participant’s death using the surviving Spouse’s age as of the Spouse’s birthday
in that year. For Distribution Calendar Years after the year of the surviving
Spouse’s death, the remaining Life Expectancy of the surviving Spouse is
calculated using the age of the surviving Spouse as of the Spouse’s birthday in
the calendar year of the Spouse’s death, reduced by one for each subsequent
calendar year.
(C)    If the Participant’s surviving Spouse is not the Participant’s sole
Designated Beneficiary, the Designated Beneficiary’s remaining Life Expectancy
is calculated using the age of the Beneficiary in the year following the year of
the Participant’s death, reduced by one for each subsequent year.
(ii)    If the Participant dies on or after the date distributions begin and
there is no Designated Beneficiary as of September 30 of the

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year after the year of the Participant’s death, the minimum amount that will be
distributed for each Distribution Calendar Year after the year of the
Participant’s death is the quotient obtained by dividing the Participant’s
Account balance by the Participant’s remaining Life Expectancy calculated using
the age of the Participant in the year of death, reduced by one for each
subsequent year.
(b)    Death before date distributions begin:
(i)    If the Participant dies before the date distributions begin and there is
a Designated Beneficiary, then, unless the election described in paragraph (d)
of Subsection (3) above is made, the minimum amount that will be distributed for
each Distribution Calendar Year after the year of the Participant’s death is the
quotient obtained by dividing the Participant’s Account balance by the remaining
Life Expectancy of the Participant’s Designated Beneficiary, determined as
provided in paragraph (a) above.
(ii)    If the Participant dies before the date distributions begin and there is
no Designated Beneficiary as of September 30 of the year following the year of
the Participant’s death, distribution of the Participant’s entire vested
interest will be completed by December 31 of the calendar year containing the
fifth anniversary of the Participant’s death.
If the Participant dies before the date distributions begin, the Participant’s
surviving Spouse is the Participant’s sole Designated Beneficiary, and the
surviving Spouse dies before distributions

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are required to begin to the surviving Spouse under subparagraph (i) of
Subsection (3)(b) above, this paragraph (b) will apply as if the surviving
Spouse were the Participant.

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FIRST AMENDMENT TO THE
SPEEDWAY RETIREMENT SAVINGS PLAN

Pursuant to the powers of amendment reserved under Section 15.1 of the Speedway
Retirement Savings Plan (as amended and restated effective January 1, 2016), the
Speedway Retirement Savings Plan is hereby amended as follows, effective as of
January 1, 2016:

FIRST CHANGE

The Preamble of the Plan is hereby amended to add the following at the end
thereof:

“Effective January 1, 2016, pursuant to an Instrument of Merger and Amendment
between the Company and Marathon Petroleum Company LP (a Controlled Group Member
with the Company), the Speedway Retirement Savings Plan (the “Speedway Plan”)
was merged with and into the Marathon Petroleum Thrift Plan, and the combined
plan was named the Marathon Petroleum Thrift Plan (the “Merged Plan”) as of that
date. The Merged Plan shall be deemed to be a continuation of the Speedway
Retirement Savings Plan.”

SECOND CHANGE

Section 1.1(11) of the Plan is hereby amended in its entirety to read as
follows:

“Company. Speedway LLC; provided, however, for purposes of Sections 1.1(30),
1.1(62) and 6.1(6), and Articles IX, XI, XIII, XIV and XV, “Company” shall mean
Marathon Petroleum Company LP.”

THIRD CHANGE

Section 1.1(36) of the Plan is hereby amended in its entirety to read as
follows:

“Plan. The Speedway Retirement Savings Sub-Plan of the Merged Plan, the terms
and provisions of which are set forth in this document.”

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FOURTH CHANGE

The first sentence of Section 9.1 of the Plan is hereby amended in its entirety
to read as follows:

“The Vice President of Human Resources and Administrative Services of the
Corporation shall serve as Plan Administrator.”

The Speedway Retirement Savings Plan, as amended by the foregoing changes, is
hereby ratified and confirmed in all respects.
IN WITNESS WHEREOF, the undersigned officer has caused this First Amendment to
be executed effective as of the date specified above.

 
 
 
 
 
 
/s/ Rodney P. Nichols
 
By:
 
Rodney P. Nichols
 
Its:
 
Senior Vice President
 
 
 
Human Resources and Administrative Services
 
 
 
Marathon Petroleum Corporation
 
 
 
 
 
 
Date Signed:
2/12/2016
 
 
 
 
 

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INSTRUMENT OF MERGER AND AMENDMENT
Marathon Petroleum Company LP (the “Company”), as plan sponsor of the Marathon
Petroleum Thrift Plan, as amended and restated effective as of January 1, 2016
(the “Marathon Plan”), and Speedway LLC (“Speedway”), as plan sponsor of the
Speedway Retirement Savings Plan (as amended and restated effective as of
January 1, 2016) (the “Speedway Plan”) (collectively, the “Plans” and
individually, a “Plan”), hereby take the following actions with respect to the
Plans effective as of the opening of business on January 1, 2016 (the “Effective
Date”). Words and phrases used herein with initial capital letters that are
defined in the Plans are used herein as so defined.
I.
Effective as of the Effective Date, the Speedway Plan shall be, and hereby is,
merged into the Marathon Plan to form a single plan (the “Merged Plan”), within
the meaning of Treasury Regulations issued under Section 414(l) of the Internal
Revenue Code of 1986, as amended. The last Plan Year of the Speedway Plan shall
end on December 31, 2015 and the first Plan Year of the Merged Plan shall begin
on January 1, 2016.
II.
Effective as of the Effective Date, all of the assets of the Plans shall be
combined and thereafter shall be available to pay benefits to all participants
and beneficiaries in the Merged Plan.

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III.
Each Participant in the Merged Plan shall be entitled to receive benefits from
the Merged Plan, if it were to terminate immediately after the Effective Date,
at least equal to the benefits that the Participant would have been entitled to
receive from the Plan in which he or she was a Participant prior to the
Effective Date, if such Plan had then terminated.
IV.
The terms and conditions of the Merged Plan shall be comprised of the following
two separate documents: the Marathon Petroleum Thrift Plan (the provisions of
which are set forth in the Marathon Petroleum Thrift Plan, restated effective as
of January 1, 2016) and the Speedway Retirement Savings Sub-Plan (the provisions
of which are set forth in the Speedway Retirement Savings Plan (as amended and
restated effective as of January 1, 2016)) (collectively, the “Plan Documents”).
The terms and conditions and other provisions contained in the Plan Documents as
in effect on the Effective Date shall remain in effect without change unless and
until such terms and conditions are superseded by amendments to such Plan
Documents or a complete amendment and restatement of the Merged Plan. On and
after the Effective Date, the Merged Plan shall be known as the Marathon
Petroleum Thrift Plan.
The Company and Speedway agree to take any and all other actions necessary and
appropriate to effectuate the actions specified in this Instrument of Merger and
Amendment.

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EXECUTED on the dates indicated below, to be effective as stated herein.

 
 
 
MARATHON PETROLEUM COMPANY LP
 
 
 
 
 
 
 
 
 
 
 
 
Dated:
2/12/2016
 
By:
 
/s/ Rodney P. Nichols
 
 
 
Title:
 
Senior Vice President Human Resources and Administrative Services
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SPEEDWAY LLC
 
 
 
 
 
 
 
 
 
 
 
 
Dated:
2/12/2016
 
By:
 
/s/ Philip E. Hall
 
 
 
Title:
 
Vice President Human Resources and Training