Exhibit 10.11.2

DEFINED CONTRIBUTION MAKE-UP PLAN

OF

CONOCOPHILLIPS

TITLE II

(Effective for benefits earned or vested after

December 31, 2004)

2012 RESTATEMENT

The Defined Contribution Make-Up Plan of ConocoPhillips is hereby amended and
restated effective as of the “Effective Time” defined in the Employee Matters
Agreement by and between ConocoPhillips and Phillips 66 (the “Effective Time”)
and conditioned on the occurrence of the “Distribution” defined in such Employee
Matters Agreement (the “Distribution”).

The Defined Contribution Make-Up Plan of ConocoPhillips is intended to provide
certain specified benefits to Highly Compensated Employees whose benefits under
the ConocoPhillips Savings Plan might otherwise be limited. Title I of this Plan
is effective with regard to benefits earned and vested prior to January 1, 2005,
while Title II of this Plan is effective with regard to benefits earned or
vested after December 31, 2004. Earnings, gains, and losses shall be allocated
to the Title of the Plan to which the underlying obligations giving rise to them
are allocated.

This Title II of the Plan is intended (1) to comply with Code section 409A, as
enacted as part of the American Jobs Creation Act of 2004, and official guidance
issued thereunder, and (2) to be “a plan which is unfunded and is maintained by
an employer primarily for the purpose of providing deferred compensation for a
select group of management or highly compensated employees” within the meaning
of sections 201(2), 301(a)(3), and 401(a)(1) of ERISA.

 

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Exhibit 10.11.2

 

Notwithstanding any other provision of this Plan, this Plan shall be
interpreted, operated, and administered in a manner consistent with these
intentions.

Section 1. Definitions.

For purposes of the Plan, the following terms, as used herein, shall have the
meaning specified:

 

(a) “Allocation Ratio” shall mean the ratio determined by dividing (i) an amount
equal to the total value of the unallocated shares of Stock allocated to Stock
Savings Feature participants and beneficiaries as of a Stock Savings Feature
Semiannual Allocation Date or Supplemental Allocation Date (as defined in the
CPSP) by (ii) an amount equal to the total net Stock Savings Feature employee
deposits used in the calculation of the Stock Savings Feature Semiannual
Allocation or Supplemental Allocation (as defined in the CPSP).

 

(b) “Beneficiary” shall mean a person or persons designated by a Participant to
receive, in the event of death, any unpaid portion of a Participant’s Benefit
from this Plan. Any Participant may designate one or more persons primarily or
contingently as beneficiaries in writing upon forms supplied by and delivered to
the Company, and may revoke such designations in writing. If a Participant fails
to properly designate a beneficiary, then the Benefits will be paid in the
following order of priority:

 

  (i) Surviving spouse; then

 

  (ii) Surviving children in equal shares; then

 

  (iii) To the estate of the Participant.

 

(c) “Benefit” shall mean an obligation of the Company to pay amounts from this
Plan.

 

(d) “Board” shall mean the Board of Directors of the Company, as it may be
comprised from time to time.

 

(e) “Code” shall mean the Internal Revenue Code of 1986, as amended from time to
time, or any successor statute.

 

(f) “Company” shall mean ConocoPhillips Company, a Delaware corporation, or any
successor corporation. The Company is a subsidiary of ConocoPhillips.

 

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Exhibit 10.11.2

 

(g) “Company Stock Fund” shall mean an Investment Option under this Plan that is
accounted for as if investments were made in the common stock, $0.01 par value,
of ConocoPhillips, although no such actual investments need be made, with
accounting entries being sufficient therefor.

 

(h) “ConocoPhillips” shall mean ConocoPhillips, a Delaware corporation, or any
successor corporation. ConocoPhillips is a publicly held corporation and the
parent of the Company.

 

(i) “Controlled Group” shall mean ConocoPhillips and its Subsidiaries.

 

(j) “CPSP” shall mean the ConocoPhillips Savings Plan.

 

(k) “CPSP Pay” shall mean “Pay” as defined in the CPSP.

 

(l) “DCMP Pay” shall mean “Pay” as defined in the CPSP without regard to Pay
Limitations or voluntary salary reduction under provisions of the KEDCP.

 

(m) “Election Form” shall mean a written form, including one in electronic
format, provided by the Plan Administrator pursuant to which a Participant may
elect the time and form of payment of his or her Benefit.

 

(n) “Employee” shall mean any individual who is a salaried employee of the
Company or any Participating Subsidiary.

 

(o) “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as
amended from time to time, or any successor statute.

 

(p) “Frozen Plan” shall mean Title I of the Defined Contribution Make-Up Plan of
ConocoPhillips.

 

(q) “Highly Compensated Employee” shall mean an Employee whose DCMP Pay exceeds
the amount set forth in Code section 401(a)(17), as amended from time to time,
or who is eligible to elect a voluntary salary reduction under the provisions of
the KEDCP.

 

(r) “Investment Options” shall mean the investment options, as determined from
time to time by the Plan Administrator, used to credit earnings, gains, and
losses on Supplemental Thrift Feature Account and Supplemental Stock Savings
Feature Account balances.

 

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Exhibit 10.11.2

 

(s) “KEDCP” shall mean the Key Employee Deferred Compensation Plan of
ConocoPhillips or any similar or successor plan maintained by a member of the
Controlled Group.

 

(t) “Ongoing Plan” shall mean Title II of the Defined Contribution Make-Up Plan
of ConocoPhillips.

 

(u) “Participant” shall mean an Employee who is eligible to receive a Benefit
from this Plan as a result of being a Highly Compensated Employee and any person
for whom a Supplemental Thrift Feature Account and/or a Supplemental Stock
Savings Feature Account is maintained.

 

(v) “Participating Subsidiary” shall mean a Subsidiary which has adopted the
CPSP, and one or more Employees of which are Participants eligible to make
deposits to the CPSP, or are eligible for Benefits pursuant to this Plan.

 

(w) “Pay Limitations” shall mean the compensation limitations applicable to the
CPSP that are set forth in Code section 401(a)(17), as adjusted.

 

(x) “Plan” shall mean the Defined Contribution Make-Up Plan of ConocoPhillips.
The Plan is sponsored and maintained by the Company.

 

(y) “Plan Administrator” shall mean the Manager, Compensation and Benefits, of
the Company, or his successor.

 

(z) “Plan Year” means January 1 through December 31.

 

(aa) “Separation from Service” shall mean the date on which the Participant
separates from service with the Controlled Group within the meaning of Code
section 409A, whether by reason of death, disability, retirement, or otherwise.
In determining Separation from Service, with regard to a bona fide leave of
absence that is due to any medically determinable physical or mental impairment
that can be expected to result in death or can be expected to last for a
continuous period of not less than six months, where such impairment causes the
Employee to be unable to perform the duties of his or her position of employment
or any substantially similar position of employment, a 29-month period of
absence shall be substituted for the six-month period set forth in section
1.409A-1(h)(1)(i) of the regulations issued under section 409A of the Code, as
allowed thereunder.

 

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Exhibit 10.11.2

 

(bb) “Stock” shall mean shares of common stock, $0.01 par value, issued by
ConocoPhillips.

 

(cc) “Stock Savings Feature” shall mean the Stock Savings Feature of the CPSP.

 

(dd) “Subsidiary” shall mean any corporation or other entity that is treated as
a single employer with ConocoPhillips under section 414(b) or (c) of the Code.
In applying section 1563(a)(1), (2), and (3) of the Code for purposes of
determining a controlled group of corporations under section 414(b) of the Code
and for purposes of determining trades or businesses (whether or not
incorporated) under common control under regulation section 1.414(c)-2 for
purposes of section 414(c) of the Code, the language “at least 80%” shall be
used without substitution as allowed under regulations pursuant to section 409A
of the Code.

 

(ee) “Supplemental Stock Savings Contributions” shall mean an amount equal to 1%
of the amount of the Participant’s DCMP Pay for a Plan Year that is in excess of
the Participant’s CPSP Pay for such Plan Year.

 

(ff) “Supplemental Stock Savings Feature Account” shall mean the Plan Benefit
account of a Participant that reflects the portion of his or her Benefit that is
intended to replace certain Stock Savings Feature benefits to which the
Participant might otherwise be entitled but for the application of the Pay
Limitations and/or a voluntary salary reduction under the KEDCP.

 

(gg) “Supplemental Thrift Contributions” shall mean an amount equal to 1.25% of
the amount of the Participant’s DCMP Pay for a Plan Year that is in excess of
the Participant’s CPSP Pay for such Plan Year.

 

(hh) “Supplemental Thrift Feature Account” shall mean the Plan Benefit account
of a Participant which reflects the portion of his or her Benefit which is
intended to replace certain Thrift Feature benefits to which the Participant
might otherwise be entitled but for the application of the Pay Limitations
and/or a voluntary salary reduction under the KEDCP.

 

(ii) “Thrift Feature” shall mean the Thrift Feature of the CPSP.

 

(jj) “Trustee” shall mean the trustee of the grantor trust established for this
Plan by a trust agreement between the Company and the trustee, or any successor
trustee.

 

(kk) “Valuation Date” shall mean “Valuation Date” as defined in the CPSP.

 

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Exhibit 10.11.2

 

Section 2. Purpose.

The purpose of this Plan is to provide supplemental benefits for those Highly
Compensated Employees whose benefits under the CPSP might otherwise be affected
by Pay Limitations or by a voluntary reduction in salary under provisions of
KEDCP.

Section 3. Eligibility.

Benefits may only be granted to Highly Compensated Employees.

Section 4. Supplemental Thrift Feature Account Benefits.

For any payroll period in which a Highly Compensated Employee’s DCMP Pay exceeds
his or her CPSP Pay, a Benefit amount shall be credited to a Highly Compensated
Employee’s Supplemental Thrift Feature Account for the Ongoing Plan no later
than the end of the month following the Valuation Date that Company
contributions are made to the Highly Compensated Employee’s Thrift Feature
account, or would have been made to such account if the Highly Compensated
Employee had received Company contributions under the Thrift Feature. The
Benefit amount so credited shall equal 1.25% of the amount by which the Highly
Compensated Employee’s DCMP Pay for that payroll period exceeds his or her CPSP
Pay for that payroll period.

 

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Exhibit 10.11.2

 

Section 4.1 Supplemental Thrift Feature Account Earnings

The Company shall periodically credit earnings, gains, and losses to a
Participant’s Supplemental Thrift Feature Account, until the full balance of
such Account has been distributed. Earnings, gains, and losses shall be credited
to a Participant’s Supplemental Thrift Feature Account under this Section based
on the results that would have been achieved had amounts credited to such
Account been invested as soon as practicable after crediting into Investment
Options selected by the Participant. The Plan Administrator shall specify
procedures to allow Participants to make elections as to the deemed investment
of amounts newly credited to their Supplemental Thrift Feature Accounts, as well
as the deemed investment of amounts previously credited to their Supplemental
Thrift Feature Accounts. Nothing in this Section or otherwise in the Plan,
however, will require the Company to actually invest any amounts in such
Investment Options or otherwise.

Section 5. Supplemental Stock Savings Feature Account Benefits.

For each month in which a Semiannual or Supplemental Allocation (as defined in
the CPSP) is made to a Highly Compensated Employee’s Stock Savings Feature
Account, or would have been made to such account if the Highly Compensated
Employee had received a Semiannual or Supplemental Allocation, a Benefit amount
shall be credited to his or her Supplemental Stock Savings Feature Account. The
Benefit amount to be credited shall be calculated in shares in the Company Stock
Fund of this Plan and shall be equal to (i) the Highly Compensated Employee’s
Supplemental Stock Savings Contributions during the applicable Allocation Period
(as defined in the CPSP) multiplied by the applicable Allocation Ratio, divided
by (ii) the share value for the Company Stock Fund of the CPSP on the applicable
Allocation Date (as defined in the CPSP). This amount shall be credited no later
than the end of the month following the Valuation Date that a Semiannual
Allocation or Supplemental Allocation is made under the Stock Savings Feature,
or would have been made had the Highly Compensated Employee received such a
Semiannual Allocation or Supplemental Allocation under the Stock Savings
Feature. A share in the Company Stock Fund of this Plan shall have a value
equivalent to a share in the Company Stock Fund of the CPSP.

 

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Exhibit 10.11.2

 

Section 5.1 Supplemental Stock Savings Feature Account Earnings

After being initially invested in the Company Stock Fund account, the amounts in
the Participant’s Supplemental Stock Savings Feature Account shall thereafter be
eligible to be invested in Investment Options selected by the Participant. The
Company shall periodically credit earnings, gains and losses to a Participant’s
Supplemental Stock Savings Feature Account, until the full balance of such
Account has been distributed. Earnings, gains, and losses shall be credited to a
Participant’s Supplemental Stock Savings Feature Account under this Section
based on the results that would have been achieved had amounts credited to such
Account been invested as soon as practicable after crediting into the Company
Stock Fund of this Plan or the Investment Options selected by the Participant.
The Plan Administrator shall specify procedures to allow Participants to make
elections as to the deemed investment of amounts previously credited to their
Supplemental Stock Savings Feature Accounts. Nothing in this Section or
otherwise in the Plan, however, will require the Company to actually invest any
amounts in Stock or in such Investment Options or otherwise.

Section 6. Payment.

In the absence of an effective election under Section 6.1 or Section 6.2,
Benefits that a Participant is eligible to receive under the Ongoing Plan (and
earnings, gains, and losses thereon) shall normally be paid in one lump sum
payment on the date that is six months after the date of the Participant’s
Separation from Service. Furthermore, in the absence of an effective election
under Section 6.1 or Section 6.2, if the Participant dies prior to his or her
Separation from Service, or after his or her Separation from Service but prior
to the date that the Benefits which the Participant is eligible to receive under
the Ongoing Plan (and earnings, gains, and losses thereon) commence to be paid,
the Benefits that the Participant is eligible to receive under the Ongoing Plan
(and earnings, gains, and losses thereon) shall be paid in one lump sum cash
payment to the Participant’s Beneficiary on the date of the Participant’s death.

 

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Exhibit 10.11.2

 

Section 6.1 Payment Election by Participant.

A Participant may elect on an Election Form delivered to the Plan Administrator
at a time set by the Plan Administrator (which shall be prior to the beginning
of the Plan Year) to have the amounts attributable to Benefits under the Ongoing
Plan that are credited to his or her Supplemental Thrift Feature Account (and
earnings, gains, and losses thereon) with respect to such Plan Year and the
amounts attributable to Benefits credited to his or her Supplemental Stock
Savings Feature Account (and earnings, gains, and losses thereon) with respect
to such Plan Year paid to the Participant in either:

 

(a) one lump sum payment, or

 

(b) annual, semi-annual, or quarterly installments, using a declining balance
method, over a period ranging from one to fifteen years.

A Participant may elect to have payments commence as of the beginning of any
calendar quarter that is at least one year after the date of the Participant’s
Separation from Service, provided that no payment shall be made after the date
that is twenty years after the date of the Participant’s Separation from
Service.

Section 6.2 Change in Time or Form of Payment.

A Participant may make an election to change the time or form of payment elected
under Section 6.1 or the payment to be made under Section 6, but only if the
following rules are satisfied:

 

  (a) The election to change the time or form of payment may not take effect
until at least twelve months after the date on which such election is made;

 

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Exhibit 10.11.2

 

  (b) Payment under such election may not be made earlier than at least five
years from the date the payment would have otherwise been made or commenced;

 

  (c) Such payment may commence as of the beginning of any calendar quarter;

 

  (d) An election to receive payments in installments shall be treated as a
single payment for purposes of these rules;

 

  (e) The election may not result in an impermissible acceleration of payment
prohibited under Code section 409A;

 

  (f) No more than four such elections shall be permitted with respect to
Benefits credited to a Participant’s Accounts for a Plan Year; and

 

  (g) No payment may be made after the date that is twenty (20) years after the
date of the Participant’s Separation from Service.

Section 6.3 Effect of Taxation.

If a portion of a Participant’s Benefit (and earnings, gains, and losses
thereon) is includible in income under Code section 409A, such portion shall be
distributed immediately to the Participant.

Section 7. Administration.

 

(a) The Plan shall be administered by the Plan Administrator. The Plan
Administrator may delegate to employees of the Company or any member of the
Controlled Group the authority to execute and deliver such instruments and
documents, to do all such acts and things, and to take such other steps deemed
necessary, advisable, or convenient for the effective administration of the Plan
in accordance with its terms and purpose, except that the Plan Administrator may
not delegate any discretionary authority with respect to substantive decisions
or functions regarding the Plan or Benefits hereunder.

 

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Exhibit 10.11.2

 

(b) Any claim for benefits hereunder shall be presented in writing to the Plan
Administrator for consideration, grant, or denial. Claimants will be notified in
writing of approved claims, which will be processed as claimed. A claim is
considered approved only if its approval is communicated in writing to a
claimant.

 

(c) In the case of a denial of a claim respecting benefits paid or payable with
respect to a Participant, a written notice will be furnished to the claimant
within 90 days of the date on which the claim is received by the Plan
Administrator. If special circumstances (such as for a hearing) require a longer
period, the claimant will be notified in writing, prior to the expiration of the
90-day period, of the reasons for an extension of time; provided, however, that
no extensions will be permitted beyond 90 days after the expiration of the
initial 90-day period. A denial or partial denial of a claim will be dated and
signed by the Plan Administrator and will clearly set forth:

 

  (1) the specific reason or reasons for the denial;

 

  (2) specific reference to pertinent Plan provisions on which the denial is
based;

 

  (3) a description of any additional material or information necessary for the
claimant to perfect the claim and an explanation of why such material or
information is necessary; and

 

  (4) an explanation of the procedure for review of the denied or partially
denied claim set forth below, including the claimant’s right to bring a civil
action under ERISA section 502(a) following an adverse benefit determination on
review.

 

(d)

Upon denial of a claim, in whole or in part, a claimant or his duly authorized
representative will have the right to submit a written request to the Trustee
for a full and fair review of the denied claim by filing a written notice of
appeal with the Trustee within 60 days of the receipt by the claimant of written
notice of the denial of the claim. A claimant or the claimant’s authorized
representative will 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

 

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Exhibit 10.11.2

 

  writing. The review will 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. If the claimant fails to file a request for review within
60 days of the denial notification, the claim will be deemed abandoned and the
claimant precluded from reasserting it. If the claimant does file a request for
review, his request must include a description of the issues and evidence he
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.

 

(e) The Trustee will provide a prompt written decision on review. If the claim
is denied on review, the decision shall set forth:

 

  (1) the specific reason or reasons for the adverse determination;

 

  (2) specific reference to pertinent Plan provisions on which the adverse
determination is based;

 

  (3) 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

 

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

 

(f) A decision will be rendered no more than 60 days after the Trustee’s receipt
of the request for review, except that such period may be extended for an
additional 60 days if the Trustee determines that special circumstances (such as
for a hearing) require such extension. If an extension of time is required,
written notice of the extension will be furnished to the claimant before the end
of the initial 60-day period.

 

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Exhibit 10.11.2

 

(g) To the extent permitted by law, decisions reached under the claims
procedures set forth in this Section shall be final and binding on all parties.
No legal action for benefits under the Plan shall be brought unless and until
the claimant has exhausted his remedies under this Section. In any such legal
action, the claimant may only present evidence and theories which the claimant
presented during the claims procedure. Any claims which the claimant does not in
good faith pursue through the review stage of the procedure shall be treated as
having been irrevocably waived. Judicial review of a claimant’s denied claim
shall be limited to a determination of whether the denial was an abuse of
discretion based on the evidence and theories the claimant presented during the
claims procedure.

Section 8. Rights of Employees and Participants.

Nothing contained in the Plan (or in any other documents related to this Plan or
to any Benefit) shall confer upon any Employee or Participant any right to
continue in the employ or other service of the Company or any member of the
Controlled Group or constitute any contract or limit in any way the right of the
Company or any member of the Controlled Group to change such person’s
compensation or other benefits or to terminate the employment of such person
with or without cause.

Section 9. Awards in Foreign Countries.

The Board or its delegate shall have the authority to adopt such modifications,
procedures, and subplans as may be necessary or desirable to comply with
provisions of the laws of foreign countries in which the Company or
Participating Subsidiaries may operate to assure the viability of the Benefits
of Participants employed in such countries and to meet the purpose of this Plan.

 

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Exhibit 10.11.2

 

Section 10. Amendment and Termination.

The Board reserves the right to amend or terminate this Plan at any time, and to
delegate such authority as the Board deems necessary or desirable; provided that
no member of the Board who is also a Participant shall participate in any action
which has the actual or potential effect of increasing his or her Benefits
hereunder; and further provided, the Company shall remain liable for any
Benefits accrued under this Plan prior to the date of amendment or termination.

Section 11. Unfunded Plan.

All amounts payable under this Plan shall be paid solely from the general assets
of the Company and any rights accruing to a Participant under the Plan shall be
those of a general creditor; provided, however, that the Company may establish
one or more grantor trusts to satisfy part or all of the Company’s Plan payment
obligations so long as the Plan remains unfunded for purposes of sections
201(2), 301(a)(3), and 401(a)(1) of ERISA.

Section 12. Miscellaneous Provisions.

 

(a) No right or interest of a Participant under this Plan shall be assignable or
transferable, in whole or in part, directly or indirectly, by operation of law
or otherwise (excluding devolution upon death or mental incompetency).

 

(b) This Ongoing Plan replaced the Frozen Plan, which was frozen effective as of
December 31, 2004. The distribution of amounts that were earned and vested
(within the meaning of Code section 409A and official guidance issued
thereunder) under the Frozen Plan prior to January 1, 2005 (and earnings
thereon) are exempt from the requirements of Code section 409A shall be made in
accordance with the terms of the Frozen Plan.

 

(c) No amount accrued or payable hereunder shall be deemed to be a portion of an
Employee’s compensation or earnings for the purpose of any other employee
benefit plan adopted or maintained by the Company, nor shall this Plan be deemed
to amend or modify the provisions of the CPSP.

 

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Exhibit 10.11.2

 

(d) This Plan shall be construed, regulated, and administered in accordance with
the laws of the State of Texas except to the extent that said laws have been
preempted by the laws of the United States.

 

(e) Except as otherwise provided herein, the Plan shall be binding upon the
Company, its successors and assigns, including but not limited to any
corporation which may acquire all or substantially all of the Company’s assets
and business or with or into which the Company may be consolidated or merged.

 

(f) It is the intention of the Company that, so long as any of ConocoPhillips’
equity securities are registered pursuant to Section 12(b) or 12(g) of the
Securities Exchange Act of 1934, this Plan shall be operated in compliance with
16(b) and, if any Plan provision or transaction is found not to comply with
Section 16(b), that provision or transaction, as the case may be, shall be
deemed null and void ab initio. Notwithstanding anything in the Plan to the
contrary, the Company, in its absolute discretion, may bifurcate the Plan so as
to restrict, limit or condition the use of any provision of the Plan to
Participants who are officers and directors subject to Section 16(b) without so
restricting, limiting or conditioning the Plan with respect to other
Participants.

 

(g) At the Effective Time, certain active employees of Phillips 66 and members
of its controlled group ceased to participate in the Plan, and the liabilities,
including liabilities related to benefits grandfathered from Code section 409A
(i.e., amounts deferred and vested prior to January 1, 2005), for these
participant’s benefits under the Plan were transferred to the members of the
Phillips 66 controlled group and continued as the Phillips 66 Defined
Contribution Make-Up Plan. ConocoPhillips distributed its interest in Phillips
66 to its shareholders as of the Distribution. Notwithstanding Section 10, on
and after the Effective Time, the Company, ConocoPhillips, other members of the
Controlled Group (as determined after the Distribution), the Plan, any
directors, officers, or employees of any member of the Controlled Group (as
determined after the Distribution), and any successors thereto, shall have no
further obligation or liability to, or on behalf of, any such participant with
respect to any benefit, amount, or right transferred to or due under the
Phillips 66 Defined Contribution Make-Up Plan.

 

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Exhibit 10.11.2

 

Further, as of the Distribution, any Phillips 66 common stock (“Phillips 66
Stock”) held in the Company Stock Fund shall be transferred to a separate
Investment Option under this Plan that is accounted for as if investments were
made in Phillips 66 Stock, although no such actual investments need be made,
with accounting entries being sufficient therefor. Investments in the Phillips
66 Stock fund will be determined as of the Distribution. On and after the
Distribution, a Participant will be allowed to hold or liquidate his or her
deemed investment in Phillips 66 Stock. No additional deemed investments in
Phillips 66 Stock will be allowed to be elected.

Section 13. Effective Date of the Restated Plan.

Title II of the Defined Contribution Make-Up Plan of ConocoPhillips is hereby
amended and restated as set forth in this 2012 Restatement effective as of the
Effective Time and conditioned on the occurrence of the Distribution.

Executed this 19th day of April 2012, by a duly authorized officer of the
Company.

 

/s/ Carin S. Knickel

Carin S. Knickel Vice President, Human Resources

 

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