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EXHIBIT 10(k)

Exhibit 10(d)

TOSCO CORPORATION

1996 LONG TERM INCENTIVE PLAN

AS AMENDED

1.     PURPOSE

          The
purpose of this Tosco Corporation 1996 Long Term Incentive Plan (the
“Plan”) is to further the long-term profitable growth of Tosco by
offering a long-term incentive in addition to current compensation to eligible
employees who will be largely responsible for such growth, to the benefit of the
Tosco shareholders. This Plan will replace the granting of Incentive Awards
under the Corporation’s 1992 Stock Incentive Plan to Participants in this
Plan during any Performance Period applicable to them. It is expected that this
Plan will encourage such employees to remain with Tosco and will also encourage
qualified persons to seek and accept employment with Tosco. 

2.     DEFINITIONS

          
Terms not otherwise defined herein shall have the following meanings:

          (a)   
"Tosco" or the "Corporation" means Tosco Corporation, its divisions and
subsidiaries.

          (b)   
"Board" means the Board of directors of Tosco Corporation.

          (c)   
“Change in Control” shall be deemed to occur (1) upon the approval of
the shareholders of Tosco (or if such approval is not required, upon the
approval of the Board) of (A) any consolidation or merger of Tosco in which
Tosco is not the continuing or surviving corporation or pursuant to which shares
of Common Stock would be converted into cash, securities or other property,
other than a merger in which the holders of Common Stock immediately prior to
the merger will have the same proportional ownership of Common Stock of the
surviving corporation immediately after the merger, (B) any sale, lease,
exchange, or other transfer (in one transaction or a series of related
transactions) of all or substantially all the assets of Tosco or (C) adoption of
any plan or proposal for the liquidation or dissolution of Tosco (2) when
any “person” (as defined in Section 3(a)(9) or 13(d) of the Exchange
Act), shall become the “beneficial owner” (as defined in Rule 13d-3
under the Exchange Act), directly or indirectly, of more than 20% of the
combined voting power of the Corporation’s then outstanding securities
without the unanimous approval of the Board, or (3) if at any time during a
period of two consecutive years, individuals who at the beginning of such period
constituted the Board shall cease for any reason to constitute at least a
majority thereof, unless the election or the nomination for election by
Tosco’s shareholders of each new director during such two-year period was
approved by a vote of at least three-quarters of the directors then still in
office who were directors at the beginning of such two-year period. 

          (d)   
"Code" means the Internal Revenue Code of 1986, as amended from time to
time.

          (e)   
“Committee” means the Compensation Committee of the Board of
Directors, which shall consist of at least three members, which members shall
serve at the pleasure of the Board. Each member of the Committee (a) shall not
be eligible to participate in the Plan, (b) shall not at any time within one
year prior to his or her appointment have been eligible for selection as a
person to whom stock may have been allocated or to whom stock options or stock
appreciation rights of Tosco or any of its affiliates may have been granted,
except as permitted under regulations adopted under Section 16 of the Exchange
Act (as hereinafter defined), and (c) from and after the 1996 Annual Meeting,
shall be an “outside director” as defined in the regulations under
Section 162(m) of the Code. 

          
(f)   "Common Stock" means the common stock, $0.75 par value, of Tosco
Corporation.

          
(g)   "Employee" means an employee selected for participation in the Plan as set
forth in Section 5.

          
(h)   "Exchange Act" means the Securities Exchange Act of 1934,
as amended.

          (i)   
“Fair Market Value” means the average of the high and low prices of
Common Stock as quoted on the Composite Tape on the date as of which fair market
value is to be determined or, if a weekend or holiday, the next preceding
business day. 

          (j)   
"Participant" means any Employee who receives a Performance Unit Award under
the Plan for a Performance Period.

          (k)   
“Performance Goals” mean performance goals as may be established in
writing by the Committee and shall be based on the stock price of Common Stock.
Such goals may be absolute in their terms or measured against or in relationship
to a baseline Common Stock price. 

          (l)   
“Performance Period” means the period of time designated by the
Committee applicable to a Performance Unit Award during which the Performance
Goals shall be measured and shall not be longer than five (5) years. 

          (m)   
“Performance Unit Award” means an award made pursuant to the
provisions of this Plan, the payment of which is contingent upon attainment of
Performance Goals. 

3.     ADJUSTMENTS IN THE EVENT OF CHANGES IN CAPITALIZATION.

          (a)   
Adjustments in Certain Events. In the event of any change in the outstanding
Common Stock by reason of any stock split, share dividend, or exchange or
reclassification of shares, split-up, split-off, spin-off, liquidation or other
similar change in capitalization, or any distribution to common stockholders
other than cash dividends, the Common Stock price and the number of shares used
for Plan purposes shall be computed so as to be on a basis equitable (to both
Participants and the Corporation) and equivalent to that before the occurrence
of such event. 

4.     ADMINISTRATION

          The   
Committee shall have the authority, consistent with the Plan, to determine the
provisions of the performance units to be granted, to interpret the Plan and the
performance units granted under the Plan, to adopt, amend and rescind rules and
regulations for the administration of the Plan and the performance units, and
generally to conduct and administer the Plan and to make all determinations in
connection therewith which may be necessary or advisable, and all such actions
of the Committee shall be binding upon all Participants. No amendment shall be
made without the Participant’s consent which would impair the rights of a
Participant under any Performance Unit Award theretofore granted, or which,
without the approval of the stockholders of the Company, would change (a) the
performance measure in Paragraph 6 with respect to “covered employees”
as defined under Section 162(m) of the Code, (b) the individuals or class of
individuals eligible to participate in the Plan, or (c) the maximum amount
payable to an individual participant under the Plan. 

5.     ELIGIBILITY

          Performance
Unit Awards may be made only to regular, salaried employees of Tosco (but not
members of the Committee or any person who serves only as a Director) as
selected by the Committee. Any Employee may receive one or more Performance Unit
Awards as the Committee shall from time to time determine, and such
determinations may be different as to different Employees and may vary as to
different awards. Nothing contained in this Plan shall be construed to limit the
right of Tosco to grant other forms of incentive compensation otherwise than
under this Plan. The Plan or the receipt of a Performance Unit Award shall not
confer on any individual any right to continue in the employ of Tosco or
interfere in any way with the right of Tosco to terminate his or her employment
at any time, with or without cause. 

6.     PERFORMANCE UNIT AWARDS

          (a)   
Performance Period. The Performance Period applicable to a Performance
Unit Award shall be set forth in writing by the Committee no later than 90 days
after the commencement of the Performance Period and shall be communicated to
each Participant. 

          (b)   
Performance Goals. The Performance Goals applicable to a Performance Unit
Award shall be set forth in writing by the Committee no later than 90 days after
the commencement of the Performance Period and shall be communicated to each
Participant. Performance Goals shall be measured as the difference between a
baseline Common Stock price (anticipated to be Fair Market Value as of the
beginning of a Performance Period) and the Common Stock price above a target
level achieved during each measurement period of a Performance Period. 

          (c)   
In making a Performance Unit Award, the Committee may take into account an
Employee’s responsibility level, performance, cash compensation level,
incentive compensation awards and such other considerations as it deems
appropriate. The total amount of all payments made to any Participant under this
Plan in any calendar year, except in the event of a Change of Control, as
provided in Section 8 or except with respect to the originally scheduled final
payment of any Performance Unit Award, shall not exceed 400% of such
Participant’s total annual compensation (excluding any amount attributable
to this Plan) attributable to the calendar year in which an applicable
Performance Period commences and the total of all Performance Unit Awards
granted for a specific Performance Period shall not exceed four million five
hundred thousand units. (Note: Changed from one million five hundred thousand
units to reflect the 3-for-1 stock split effective February 13, 1997) 

          (d)   
When a Performance Goal is achieved during any measurement period, a participant
shall be deemed vested in an amount equal to the Performance Goal achieved
multiplied by the number of Performance Units in his or her Performance Unit
Award (“Deemed Vested Amount”). Payment with respect to a Performance
Unit Award will be made to Participants on the date or dates fixed by the
Committee at the time of grant of such Performance Unit Award. 

          (e)   
If a Participant voluntarily terminates his or her employment with the
Corporation or retires prior to age 65 (all other than for reason of disability,
death, illness, or injury) prior to the scheduled payment date for a Performance
Unit Award, all unpaid award amounts shall be forfeited. If a Participant’s
employment with the Corporation terminates for disability, illness, injury, or
non-voluntary reason which would provide for payment under any applicable
severance agreement, or termination of employment by the Corporation other than
for cause, amounts deemed vested as of the date of termination shall be paid in
accordance with the payment schedule applicable to such Performance Award, but
no additional amounts will accrue as Deemed Vested after the date of such
termination except in the event of a Change In Control. For purposes of the
Plan, (a) a transfer of an employee from the Corporation to a subsidiary shall
not constitute termination of employment and, (b) a leave of absence for
compulsory military service, illness, disability, injury, or for any purpose
approved by the Corporation, shall not constitute voluntary termination of
employment. The beneficiaries or estate of a Participant whose employment
terminates because of death will receive a payment equal to the Deemed Vested
Amount within 30 days following the death of the Participant. 

          (f)   
In order to be eligible to receive payment for a particular Performance Unit
Award, a Participant must be an Employee of Tosco for the 90-day period
immediately following the date of grant of that particular Performance Unit
Award. This Section 6(f) shall not apply if termination of employment is caused
by death, disability, illness, or injury. 

          (g)   
A Participant (or his beneficiaries or estate) may be offered the opportunity to
defer the receipt of payment of a Performance Unit Award or any part thereof.
All payments shall be subject to withholding for applicable taxes. 

7.     NON TRANSFERABILITY AND NO SHAREHOLDER RIGHTS

          The
right to receive payment of a Performance Unit Award shall not be assigned or
transferred in whole or in part, either directly or by operation of law or
otherwise (except by will or the laws of descent and distribution) including but
not by way of limitation, execution, levy, garnishment, attachment, pledge,
bankruptcy or any other manner. 

8.     CHANGE IN CONTROL

        Notwithstanding
any limitation set forth in this Plan, at or just prior to the occurrence of a
Change in Control, in order to maintain a Participant’s rights under the
Plan, payment of all unpaid Deemed Vested Amounts shall be made in cash. The
amount of cash to be paid to an Employee with respect to the Performance Unit
Award in such event shall be the higher of (i) the aggregate of all unpaid
Deemed Vested Amounts or (ii) the amount determined by multiplying (x) the
number of shares of Common Stock relating to such Performance Unit Award, by (y)
the difference between Fair Market Value on the date of Change in Control and
the Initial Baseline, and (z) subtracting the sum of Deemed Vested Amounts plus
previously paid Deemed Vested Amounts. Further, Tosco’s obligation with
respect to such Performance Unit Award shall be assumed, or equivalent new
obligations substituted therefor, by the acquiring or surviving corporation
after such Change in Control. 

9.     GOVERNING LAW

          
The provisions of this Plan shall be interpreted and construed in accordance
with the laws of the State of New York.

10.     TERMINATION

          Termination
of the Plan shall not affect any awards made hereunder which are outstanding on
the date of termination and such awards made hereunder continue to be subject to
the terms of the Plan notwithstanding its termination. If the Plan has been
previously approved by the stockholders, the Corporation may not, without
subsequent approval by the shareholders, materially modify (i) the performance
measures in Paragraph 6 with respect to covered employees, (ii) the requirements
as to eligibility for participation in the Plan, or (iii) otherwise materially
increase the benefits accruing to the Employees under the Plan.EXHIBIT 10(k)

Exhibit 10(k)

          AGREEMENT
entered into as of the first day July 2000, by and between Tosco Corporation, a
Nevada corporation (“Tosco”), and Wilkes McClave III
(“Executive”) (the “Agreement”). 

W I T N E S S E T H

          WHEREAS,
Executive is a key employee of Tosco; and

          WHEREAS,
Tosco deems it important and appropriate to assure to itself the continued
availability of certain services and assistance of Executive, particularly in
the event a Change of Control is contemplated; and 

          WHEREAS
Executive is willing to be available to perform such services, provided he is
appropriately compensated in conjunction with any such Change of Control,

          NOW,
THEREFORE, in consideration of the mutual covenants and agreements herein
contained, and other good and valuable consideration the adequacy and receipt
whereof is hereby acknowledged, Tosco and Executive agree as follows: 

          1.   
In the event a transaction is contemplated that may result in a Change of
Control, Executive shall assist in the furtherance of such transaction, as
requested; and

          2.   
If an event or transaction causes, or will likely result in, a Change of Control
before Executive is 55 years of age, for purposes of any termination or
retirement in conjunction with or following such Change of Control, Executive
shall be treated as though he had attained the age of 55 in the employ of Tosco.

	Tosco Corporation

By: /s/           
            
            
             	Executive

/s/           
            
            
             

Wilkes McClave III

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