Document:

Executive Retirement Plan

 Exhibit 10.13 
  
  
  
 SUNOCO, INC. 
 EXECUTIVE RETIREMENT
PLAN 
 (Amended and Restated Effective November 1, 2007) 
  
  
  
  

 ARTICLE I 
 Definitions 
 1.01 95% Withdrawal - shall have the meaning set forth herein at
Section 6.04(c). 
 1.02 Actuarial Equivalent - shall mean, except as otherwise provided in this Section, a benefit of equivalent
value to the benefit which would otherwise have been provided to the Participant, determined on the same basis as determined under the Sunoco, Inc. Retirement Plan. Notwithstanding the preceding sentence, for purposes of determining the Actuarial
Equivalent lump-sum value for payment of benefits under Section 3.09, the mortality table described in Treasury Regulation Section 1.417(e)-1(d)(2) and the applicable interest rate described in Treasury Regulation
Section 1.417(e)-1(d)(3) as specified for the second month preceding the calendar quarter in which the annuity starting date occurs shall be used. For purposes of determining the lump-sum Actuarially Equivalent value of retirement income
pursuant to Section 3.02, 3.03, 3.04, 3.05, 3.07 or 3.08, the value of early retirement and survivor benefits under the Plan shall be reflected in such lump-sum amounts. 
 1.03 Affiliated Company - shall mean: 
 (a) Any corporation which is included within a “controlled group of corporations” within which Sunoco, Inc., is also included as determined under Section 1563 of the Internal Revenue Code of 1986
without regard to subsections (a)(4) and (e)(3)(C) of said Section 1563; 
 (b) Any other trades or businesses (whether
or not incorporated) which, based on principles similar to those defining a “controlled group of corporations” for purposes of (a) above, are under common control; and 
 (c) Any other organization so designated by the Board Committee. 
 1.04 Affiliated Company Benefit - shall mean the monthly amount of benefit (or the Actuarial Equivalent of such benefit) to which a Participant
and/or Spouse is or was entitled under any qualified or nonqualified defined contribution or defined benefit plan that is or was maintained by an Affiliated Company as the primary source of employer-provided retirement income for participants of
such plan, including the Base Plan, calculated without reduction for any offsets for pensions payable by employers not affiliated with Sunoco, Inc.; provided, however, that in the case of a defined contribution plan, the value of such benefit
will be determined based on the aggregate contributions made on behalf of the Participant (whether or not subsequently withdrawn by the 

 
Participant), accumulated at a rate or rates of interest as determined by the Plan Administrator, which determination will be made in a uniform and
consistent manner. 
 1.05 Base Plan - shall mean the Sunoco, Inc. Retirement Plan. 
 1.06 Beneficiary - shall mean the person or persons, other than a contingent annuitant, designated by a Participant or retired Participant
pursuant to Article IV. 
 1.07 Board of Directors - shall mean the Board of Directors of Sunoco, Inc. 
 1.08 Board Committee - shall mean those individual members of the Board of Directors who have been appointed by the Board of Directors with the
powers and responsibilities specified in Article VIII and to which has been delegated any fiduciary responsibilities of the Board of Directors with respect to the Plan. 
 1.09 Business Combination - shall have the meaning set forth herein at Section 1.10(c). 
 1.10
Change in Control - shall mean the occurrence of any of the following events: 
 (a) The acquisition by any individual, entity or group
(within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either (1) the then-outstanding
shares of common stock of Sunoco, Inc. (the “Outstanding Company Common Stock”) or (2) the combined voting power of the then-outstanding voting securities of Sunoco, Inc. entitled to vote generally in the election of directors (the
“Outstanding Company Voting Securities”); provided, however, that, for purposes of this Section (a), the following acquisitions shall not constitute a Change in Control: (A) any acquisition directly from Sunoco, Inc.,
(B) any acquisition by Sunoco, Inc., (C) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by Sunoco, Inc. or any company controlled by, controlling or under common control with Sunoco, Inc., or
(D) any acquisition by any entity pursuant to a transaction that complies with Sections (c)(1), (c)(2) and (c)(3) of this definition; 
 (b) Individuals who, as of January 1, 2005, constitute the Board of Directors (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board of Directors; provided, however, that any
individual becoming a director subsequent to the date hereof whose election, or nomination for election by the shareholders of Sunoco, Inc., was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be
considered as though such individual were a member of the Incumbent 

  

 2 

 
Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest
with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board of Directors; 
 (c) Consummation of a reorganization, merger, statutory share exchange or consolidation or similar corporate transaction involving Sunoco, Inc. or any of
its subsidiaries, a sale or other disposition of all or substantially all of the assets of Sunoco, Inc., or the acquisition of assets or stock of another entity by Sunoco, Inc. or any of its subsidiaries (each, a “Business Combination”),
in each case unless, following such Business Combination, (1) all or substantially all of the individuals and entities that were the beneficial owners of the Outstanding Company Common Stock and the Outstanding Company Voting Securities
immediately prior to such Business Combination beneficially own, directly or indirectly, more than 60% of the then-outstanding shares of common stock and the combined voting power of the then-outstanding voting securities entitled to vote generally
in the election of directors, as the case may be, of the corporation resulting from such Business Combination (including, without limitation, a corporation that, as a result of such transaction, owns Sunoco, Inc. or all or substantially all of the
assets of Sunoco, Inc. either directly or through one or more subsidiaries) in substantially the same proportions as their ownership immediately prior to such Business Combination of the Outstanding Company Common Stock and the Outstanding Company
Voting Securities, as the case may be, (2) no Person (excluding any corporation resulting from such Business Combination or any employee benefit plan (or related trust) of Sunoco, Inc. or such corporation resulting from such Business
Combination or any of their respective subsidiaries) beneficially owns, directly or indirectly, 20% or more of, respectively, the then-outstanding shares of common stock of the corporation resulting from such Business Combination or the combined
voting power of the then-outstanding voting securities of such corporation, except to the extent that such ownership existed prior to the Business Combination, and (3) at least a majority of the members of the board of directors of the
corporation resulting from such Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement or of the action of the Board of Directors providing for such Business Combination; or 
  

 3 

 (d) Approval by the shareholders of Sunoco, Inc. of a complete liquidation or dissolution of Sunoco, Inc.

 1.11 Change in Control Election - shall have the meaning set forth in Section 6.04(b). 
 1.12 Chief Executive Officer Participant - shall mean the Chief Executive Officer of Sunoco, Inc. on January 1, 2003. 
 1.13 Company - shall mean Sunoco, Inc., and any Affiliated Company. 
 1.14 Credited Service - subject to the limitations hereinafter described, shall mean the following: 
 (a) For an Executive Participant, the actual amount, in completed years and months, of the Participant’s Service at the date of termination of Executive status; and 
 (b) For a Principal Officer Participant, the actual amount, in completed years and months, of the Participant’s Executive Service; and 

(c) For a Participant retiring on or before January 1, 2003, an additional one month for each full year of such Service completed at the time the
determination is being made; provided, however, that: 
 (1) the maximum number of months credited under this provision will be
thirty-six (36); 
 (2) when the Participant attains his 62nd birthday, the number of months credited under this provision will
automatically become thirty-six (36), regardless of the length of the Participant’s Service; and 
 (3) after the Participant’s
62nd birthday, the number of months credited under this provision will be reduced from month to month so that at any time a determination is being made, the maximum number of months credited under this provision will not exceed the number of months
remaining until the Participant’s 65th birthday. 
 Credited Service will not include any periods of employment with an Affiliated
Company before or after it becomes or ceases to be an Affiliated Company. For purposes of determining benefits, each completed month of Service shall equal 1/12 of one year of Service. 
 1.15 Earnings - shall mean the sum of: 
 (a) base salary paid or payable to a Participant by Sunoco, Inc. or an Affiliated Company; and 
  

 4 

 (b) the actual incentive awards granted to a Participant pursuant to the Sunoco, Inc. Executive Incentive
Plan (the “EIP”) or the equivalent thereof pursuant to an incentive plan sponsored by Sunoco, Inc. or an Affiliated Company. 
 1.16 Effective Date - shall mean January 1, 1980, and as to any amendment or restatement, the effective date specified by the Board of Directors. 
 1.17 Employee - shall mean any individual who is employed by Sunoco, Inc. or an Affiliated Company. 
 1.18 Exchange Act - shall mean the Securities Exchange Act of 1934, as amended. 
 1.19 Executive - shall mean any
Employee who is employed by the Company as a Principal Officer, or in a job which, in accordance with the Company’s job evaluation program, has been assigned 1400 or more Hay points. 
 1.20 Executive Participant - shall mean an Employee who became a Participant before January 1, 2003. 
 1.21 Executive Service - shall mean that part of a Participant’s Service rendered while he was an Executive; provided, however, that in the
case of a Principal Officer Participant, Executive Service shall include only that part of a Participant’s Service rendered while he was a Principal Officer. In the case of a Participant who is not an Executive or a Principal Officer, Executive
Service shall include all periods of participation pursuant to designation by the Board Committee. 
 1.22 Final Average Earnings -
shall mean the arithmetic monthly average of the Participant’s aggregate Earnings during the thirty-six (36) calendar months of the last 120-consecutive calendar month period of Service immediately preceding the earlier of actual
retirement or Termination Date (or the actual number of such months if less than thirty-six (36)) which produces the highest average). 
 1.23 Incumbent Board - shall have the meaning set forth herein at Section 1.10(b). 
 1.24 Just Cause - shall
mean, for any Participant who is a participant in the Sunoco, Inc. Special Executive Severance Plan, “Just Cause” as defined in such plan, and for any other Participant: 
 (a) the willful and continued failure of the Participant to perform substantially the Participant’s duties with the Company (other than any such
failure resulting from incapacity due to physical or mental illness or following notice of employment termination by the Participant pursuant to Section 1.37), after a written demand for substantial performance is delivered to the Participant
by the Board of Directors or any employee of the Company with supervisory authority over the 

  

 5 

 
Participant that specifically identifies the manner in which the Board of Directors or such supervising employee believes that the Participant has not
substantially performed the Participant’s duties, or 
 (b) the willful engaging by the Participant in illegal conduct or gross
misconduct that is materially and demonstrably injurious to the Company. 
 1.25 Nonaffiliated Employer Benefit - shall mean the
monthly amount of benefit, payable at the Participant’s Normal Retirement Date (or the Actuarial Equivalent of such benefit) to which a Participant and/or Spouse is or was entitled as a result of prior employment with any employer other than
Sunoco, Inc. or an Affiliated Company under all qualified and nonqualified defined benefit retirement plans that are or were maintained by such employer. 
 1.26 Normal Retirement Date - shall mean the first day of the calendar month coincident with or next following the Participant’s 65th birthday. 
 1.27 Outstanding Company Common Stock - shall have the meaning set forth herein at Section 1.10(a). 
 1.28 Outstanding Company Voting Securities - shall have the meaning set forth herein at Section 1.10(a). 
 1.29 Participant - shall mean any Employee who is a Participant in the Sunoco, Inc. Retirement Plan, who has not waived his rights to
participate in this Plan, and who is either: 
 (a) a Principal Officer; or 
 (b) an Executive who was participating in the Plan on January 1, 2003; or 
 (c) designated as a Participant by the Board Committee. 
 Except as provided in Sections 6.01, 6.02 or 6.04, if any Participant ceases to be a Principal Officer, or an Executive, he will thereupon cease to be a Participant (unless otherwise designated by the Board
Committee), and will forfeit all rights to benefits under this Plan. 
 1.30 Person - shall have the meaning set forth herein at
Section 1.10(a). 
 1.31 Plan - shall mean the Sunoco, Inc. Executive Retirement Plan as set forth in this document and as it may
from time to time be amended. 
 1.32 Plan Administrator - shall mean the individual or entity designated as such by the Board
Committee pursuant to Article VIII. 
 1.33 Plan Year - shall mean the annual period beginning on January 1 of any year and
ending on the following December 31. 
 1.34 Preretirement Spouse’s Death Benefit - shall mean the benefit payable upon the
Participant’s death to the Spouse of a Participant pursuant to Section 5.01. 
  

 6 

 1.35 Principal Officer - shall mean the President, Chief Operating Officer and Chief Executive
Officer of Sunoco, Inc., Executives reporting directly to the President, Chief Operating Officer or Chief Executive Officer of Sunoco, Inc., and any other Executive designated by the Board Committee as being a Principal Officer. 
 1.36 Principal Officer Participant - shall mean a Principal Officer who becomes a Participant on or after January 1, 2003. 
 1.37 Qualifying Termination - shall mean, with respect to the employment of any Participant who is a participant in the Sunoco, Inc. Special
Executive Severance Plan, a “Qualifying Termination” as defined in such plan, and with respect to the employment of any other Participant, the following: 
 (a) a termination of employment by the Company within two (2) years after a Change in Control, other than for Just Cause, death or disability; 
 (b) a termination of employment by the Participant within two (2) years after a Change in Control for one or more of the following reasons:

 (1) the assignment to such Participant of any duties inconsistent in a way significantly adverse to such Participant, with
such Participant’s positions, duties, responsibilities and status with the Company immediately prior to the Change in Control, or a significant reduction in the duties and responsibilities held by the Participant immediately prior to the Change
in Control, in each case except in connection with such Participant’s termination of employment by the Company for Just Cause; or 
 (2) a reduction by the Company in the Participant’s combined annual base salary and guideline (target) bonus as in effect immediately prior to the Change in Control; or 
 (3) the Company requires the Participant to be based anywhere other than the Participant’s present work location or a location within
thirty-five (35) miles from the present location; or the Company requires the Participant to travel on Company business to an extent substantially more burdensome than such Participant’s travel obligations during the period of twelve
(12) consecutive months immediately preceding the Change in Control; 
 provided, however, that in the case of any such
termination of employment by the Participant under this subparagraph (b), such termination shall not be deemed to be a Qualifying Termination unless the termination occurs within 120 days after the occurrence of the event or events constituting the
reason for the termination; or 
 (c) before a Change in Control, a termination of employment by the Company, other than a termination for
Just Cause, or a termination of employment by the Participant for one of the reasons 

  

 7 

 
set forth in (b) above, if the affected Participant can demonstrate that such termination or circumstance in (b) above leading to the termination:

 (1) was at the request of a third party with which the Company had entered into negotiations or an agreement with regard to
a Change in Control; or 
 (2) otherwise occurred in connection with a Change in Control; 
 provided, however, that in either such case, a Change in Control actually occurs within one (1) year following the Employment Termination
Date. 
 1.38 Service - shall mean the completed years and months of an Employee’s employment by Sunoco, Inc. or an
Affiliated Company, whether or not continuous. 
 1.39 Social Security Benefit - shall mean the Primary Insurance Amount to which a
Participant becomes entitled at age sixty-five (65) under Social Security legislation in effect on the earliest of his Normal Retirement Date, early retirement date or Termination Date. 
 1.40 Specified Employee - shall mean those Participants who are Executive Resource Employees (employees in Grades 14 and above designated by the
Company as members of the Company’s Executive Resource group), pursuant to the election of an alternative method specified in Treasury Regulation Sections 1.409A-1(i)(5) and 1.409A-1(i)(8). 
 1.41 Spouse - shall mean the individual who is the legally married husband or wife of a Participant. 
 1.42 Statutory Benefit - shall mean the monthly amount of any benefit (or the Actuarial Equivalent of such benefit) from any country other than
the United States to which a Participant, upon proper application, is or would be entitled. 
 1.43 Sunoco, Inc. - shall mean Sunoco,
Inc. or any corporation which succeeds to the position of Sunoco, Inc. as common parent of the Sunoco Affiliated Group, within the meaning of regulations issued under the Internal Revenue Code. 
 1.44 Termination Date – shall mean the date on which a Participant separates from service as defined in Code Section 409A and the
regulations promulgated thereunder. Notwithstanding the foregoing, pursuant to Treasury Regulation Section 1.409A-1(h)(1)(ii), where it is reasonably anticipated that there will be a permanent reduction in the level of bona fide services of the
Participant after a certain date to 49% or less of the average level of bona fide services performed by the Participant during the immediately preceding 12 months, such Participant shall be treated for purposes of this Plan as having on such date a
termination of employment and a separation from service. 
  

 8 

 ARTICLE II 
 Contributions 
 2.01 Employer Contributions. All benefits payable under this Plan will be paid
by the Company. A Participant will have no right, title, or interest whatsoever in or to any investments which the Company may make to aid in meeting such obligations as may arise under the Plan. Nothing contained in the Plan, nor any action taken
pursuant to its provisions, will create or be construed to create a trust or a fiduciary relationship between the Company and any Participant or any other person. To the extent that any person acquires a right to benefits under this Plan, such right
will be no greater than the right of an unsecured general creditor of the Company. All payments to be made under the Plan will be paid from the general funds of the Company and no special or separate fund will be established and no segregation of
assets will be made to assure payment of such amounts. 
 2.02 Participant Contributions. No contributions by Participant will be
required or permitted under this Plan. 
 2.03 Expenses of Administration. All expenses of administering this Plan will be paid by the
Company. 
 ARTICLE III 
 Retirement Benefits 
 3.01 Normal Retirement. Except as provided in Section 3.06, each Participant will be
retired on his Normal Retirement Date. 
 3.02 Normal Retirement Income—Principal Officer Participants. A Principal Officer
Participant who retires on or after his Normal Retirement Date and after the completion of five years of Executive Service will be entitled to a monthly normal retirement income, payable in the normal form of payment pursuant to Section 3.09,
equal to (a) reduced by (b): 
 (a) 2.25% of his Final Average Earnings multiplied by his Executive Service; 
 (b) the sum of: 
 (1) 100% of
his Affiliated Company Benefit, plus 
 (2) 100% of his Statutory Benefit; 
  

 9 

 provided, however, that the monthly normal retirement income that a Principal Officer Participant would
otherwise be entitled to receive under Section 3.02(a) shall not exceed 50% of his Final Average Earnings. 
 3.03 Normal Retirement
Income—Executive Participants. An Executive Participant who retires on or after his Normal Retirement Date and after the completion of five years of Executive Service will be entitled to a monthly normal retirement income, payable in the
normal form of payment pursuant to Section 3.09, equal to the greater of (a) or (b), reduced by (c): 
 (a) a monthly normal
retirement income, payable in the normal form of payment pursuant to Section 3.09, equal to 2.25% of his Final Average Earnings multiplied by his Executive Service; provided, however, that the benefit that an Executive Participant
would otherwise be entitled to receive under this Section 3.03(a) (before reduction for any Affiliated Company Benefit or Statutory Benefit under Section 3.03(c)) shall not exceed fifty percent (50%) of his Final Average Earnings; or

 (b) subject to the provisions of Sections 3.04 and 3.05, the excess of (1) over (2), where: 
 (1) equals the sum of: 
 (a) 1-2/3% of his Final Average Earnings multiplied by his Credited Service up to a maximum of 30 years, plus 
 (b) 3/4% of his Final Average Earnings multiplied by his Credited Service in excess of 30 years, and 
 (2) equals 1-2/3% of his Social Security Benefit multiplied by his Service up to a maximum of 30 years; 
 (c) the sum of:

 (1) 100% of his Affiliated Company Benefit (determined as of the annuity starting date of the benefit payable under
Section 3.03(a) or Section 3.03(b) above), plus 
 (2) 100% of his Statutory Benefit; 
 3.04 Maximum Normal Retirement Income – Executive Participants. The monthly normal retirement income which an Executive Participant would
otherwise be entitled to receive under Section 3.03(b) will not exceed fifty percent (50%) of his Final Average Earnings. 
 3.05
Minimum Normal Retirement Income – Executive Participants. Notwithstanding the foregoing, the monthly normal retirement income which an Executive Participant would otherwise be entitled to receive under Section 3.03 will not be less
than the excess of (a) over (b), where 
 (a) equals 3-1/3% of his Final Average Earnings multiplied by his Credited Service up to a
maximum of twelve (12) such years, and 
  

 10 

 (b) equals the sum of: 
 (1) 100% of his Affiliated Company Benefit, 
 (2) 100% of his Nonaffiliated Employer Benefit, plus 
 (3) 100% of his Statutory Benefit.

 3.06 Early Retirement Date. A Participant will be eligible to retire on an early retirement date which will be the first day of any
calendar month coincident with or next following his 55th birthday if he has then completed at least five (5) years of Executive Service. 
 3.07 Early Retirement Income. The monthly early retirement income payable to the Participant commencing on his early retirement date will be equal to the monthly normal retirement income that would otherwise be applicable under
Sections 3.02, 3.03, 3.04 and 3.05, adjusted as follows: 
 (a) The amount calculated in Sections 3.02(a) and 3.03(a) will be reduced by 5/12%
for each full month by which actual retirement precedes the Normal Retirement Date by more than three (3) years. 
 (b) The Social
Security Benefit referred to in Section 3.03(b)(2) will be determined by projecting the Participant’s Service to his Normal Retirement Date and assuming constant Earnings, at his last rate in effect, to Normal Retirement Date, and will
then be multiplied by a fraction, the numerator of which will be his Service to the date of actual retirement and the denominator of which will be his projected Service to Normal Retirement Date. 
 (c) The amount calculated in Sections 3.03(b)(1), 3.04 and 3.05 will be reduced by 5/12% for each full month by which actual retirement precedes the
Normal Retirement Date by more than five (5) years, and the offset for Social Security Benefits calculated in Section 3.03(b)(2) will be reduced by 7/12% for each full month that actual retirement precedes the Normal Retirement Date during
the five-year period immediately preceding the Normal Retirement Date, and 7/24% for each full month that actual retirement precedes the Normal Retirement Date by more than five (5) years. 
 (d) In determining the benefit payable under this Section 3.07, any Affiliated Company Benefit will be the amount payable as of the annuity starting
date of the early retirement income payable hereunder. 
 3.08 Special Retirement Income – Chief Executive Officer Participant .
The Chief Executive Officer Participant will be entitled to benefits under this Section 3.08 if such benefits are greater than the benefits payable pursuant to Sections 3.02, 3.03, 3.04, 3.05 or 3.07, and benefits under this Section 3.08
are payable in the normal form of payment pursuant to Section 3.09. The Chief 

  

 11 

 
Executive Officer Participant who retires on or after his Normal Retirement Date with ten years of Executive Service will be entitled to a monthly special
retirement income equal to 60% of his Final Average Earnings. The monthly special retirement income of a Chief Executive Officer Participant who retires before his Normal Retirement Date with ten years of Executive Service will be the amount
determined in the preceding sentence reduced by 5/12% for each month that his Termination Date precedes his Normal Retirement Date. The benefit payable under this Section 3.08 shall be reduced by the Affiliated Company Benefit determined as of
the annuity starting date of the benefit payable under this Section 3.08. If benefits are payable under this Section 3.08, no benefits will be payable to the Chief Executive Officer Participant under Sections 3.02, 3.03, 3.04, 3.05 or
3.07. 
 3.09 Normal Form of Benefit. Except as provided in Article IV, retirement benefits under this Plan will be in the form of a
lump sum payment of the Actuarial Equivalent of the retirement income determined under Sections 3.02, 3.03, 3.04, 3.05, 3.07 and 3.08, whichever is applicable. For purposes of determining the lump sum Actuarial Equivalent of retirement income
pursuant to Sections 3.02, 3.03, 3.04, 3.05, 3.07 and 3.08, the value of early retirement and survivor benefits under the Plan shall be reflected in such lump sum amounts. 
 3.10 Time of Payment. The following provisions are effective January 1, 2005. 
 (a) The payment of a Participant’s retirement benefits shall be made or commence on the first day of the month following the Termination Date, except
as provided in Section 3.10(b). 
 (b) Payment of any retirement benefits (that are deferred compensation for purposes of Code
Section 409A) to any Participant who is a Specified Employee shall be made as follows. Retirement benefits that are scheduled to be paid for the period which begins on such Participant’s Termination Date and ends on the date six months
from such Participant’s Termination Date, shall not be paid as scheduled, but shall be accumulated and paid in a lump sum on the date six months after the Participant’s Termination Date. Simple interest will be paid on retirement income
delayed hereunder from the date such payments would have been made to the Participant but for this subsection (b), to the date of actual payment, at the interest rate used to determine Actuarial Equivalent lump sum payments under the Plan as of the
Participant’s Termination Date. 
 3.11 Increase in Monthly Benefits. Effective July 1, 1998, the monthly benefits of

 (a) retirees who retired prior to January 1, 1981, as a result of normal retirement under Section 3.01 or early retirement under
Section 3.06, 
  

 12 

 (b) surviving Spouses, contingent annuitants or Beneficiaries of the retirees described in subsection
3.10(a) who are receiving benefits on July 1, 1998, or 
 (c) surviving Spouses who began receiving surviving Spouse’s benefits
under Article V prior to January 1, 1990, 
 shall be increased by the amount determined in the following sentence, subject, however, to the limitation
that the combined increases under the Base Plan and the Plan effective July 1, 1998, shall not exceed $85.00. 
 The monthly benefit
increase shall be the excess of the sum of twenty percent (20%) of the combined monthly benefit under the Base Plan and the Plan up to $250.00, ten percent (10%) of the combined monthly benefit under the Base Plan and the Plan in excess of
$250.00 up to $500.00, three percent (3%) of the combined monthly benefit under the Base Plan and the Plan in excess of $500.00 up to $750.00, and one percent (1%) of the combined monthly benefit under the Base Plan and the Plan in excess
of $750.00 up to $1,000, over the monthly benefit increase effective July 1, 1998 under the Base Plan. Benefits payable on account of disability shall not be increased. Fifty percent (50%) of these retiree benefit increases shall be
continued to the surviving Spouse; provided, however, that any such increases in retirement income shall not be subject to adjustments in effect at the time of the election or retirement reflecting the cost of benefit increases under this
Section. 
 ARTICLE IV 
 Optional Forms of Retirement Income 
 4.01 Election of an Optional Form of Payment. The provisions of this
Section 4.01 are effective January 1, 2005 for elections of optional forms of payment under Article IV, and all elections under Sections 4.02 through 4.05 are subject to the provisions of this Section 4.01. 
 (a) With respect to retirement benefits accrued prior to January 1, 2005 that are not deferred compensation for purposes of Code Section 409A,
not later than thirty (30) days prior to a Participant’s retirement date, a Participant may elect, in lieu of the normal form of retirement benefits, an optional form of retirement income. A Participant may not change or revoke an elected
option unless such change is made thirty (30) days prior to the Participant’s retirement date. Each election, designation and revocation of an option will be made in writing and in conformity with such 

  

 13 

 
rules as may be prescribed by the Plan Administrator. Notwithstanding the foregoing, a Spouse may not elect an optional form of receiving any benefit payable
under Article V. 
 (b) With respect to retirement benefits that are accrued prior to January 1, 2005 and are deferred compensation for
purposes of Code Section 409A, and with respect to retirement benefits accrued between January 1, 2005 and December 31, 2005, on or before December 31, 2005, a Participant may elect, in accordance with IRS Notice 2005-1 Q&A
19(c), and in lieu of the normal form of retirement benefits, an optional form of retirement income with respect to such Participant’s retirement income. Such election shall become irrevocable on December 31, 2005. Each election will be
made in writing and in conformity with such rules as may be prescribed by the Plan Administrator. Notwithstanding the foregoing, a Spouse may not elect an optional form of receiving any benefit payable under Article V. 
 (c) All retirement benefits accrued after December 31, 2005 will be paid in the form of a lump sum. 
 4.02 Monthly Annuity Option. A Participant may elect to receive an annuity which is equal to the monthly normal retirement income determined under
Sections 3.02, 3.03, 3.04, 3.05, 3.07 and 3.08, whichever is applicable. 
 4.03 Contingent Annuity Option. A Participant may elect to
receive a reduced retirement income, the amount of which will be determined by application of appropriate Actuarially Equivalent factors adopted by the Plan Administrator for the age and sex of the Participant and the contingent annuitant. The
contingent annuity option provides: 
 (a) payments to the Participant for life; and 
 (b) continuation of such payments, or any part of them designated by the Participant, to the contingent annuitant, if surviving, for life. 
 4.04 Ten-Year Certain Option. A Participant may elect to receive a retirement income of Actuarially Equivalent value payable for life, provided
that such income will be paid to such Participant or to the Beneficiary of such Participant for ten (10) years after the Participant’s retirement regardless of whether the Participant or Beneficiary survives such period. At the discretion
of the Plan Administrator, any benefit payable hereunder to a Beneficiary may be commuted and paid in one sum. 
 4.05 Other Forms of
Pension. A Participant may elect to receive a benefit payable over a period not less than the remaining lifetime of such Participant and, if the Participant so further elects, thereafter to the designated Beneficiary for as long as such
designated Beneficiary survives 

  

 14 

 
the Participant in such other form having an Actuarially Equivalent value as may be approved by, and be subject to such conditions as may be prescribed by,
the Plan Administrator. 
 4.06 Rules Applicable to Contingent Annuity Option. 
 (a) If the Participant should die before the effective date of the contingent annuity option, no benefit will be payable to the contingent annuitant.

 (b) If the contingent annuitant should die before the effective date of the contingent annuity option, the option will automatically be
cancelled and the normal monthly retirement income will be payable to the Participant as if the option had not been elected. 
 (c) If the
contingent annuitant should die before the Participant but after the effective date of the contingent annuity option, benefits will be payable or continue to be paid to the Participant on the reduced basis; provided, however, that if the
contingent annuitant should die during the first four years following commencement of the retirement income payments to the Participant, the amount of the reduced retirement income payable to the surviving retired Participant will be increased by
restoring a percentage of the reduction amount as follows: 
  

				
	 Death of Contingent Annuitant During
	  	Percentage of
Discount Restored	 
	 First Year
	  	80	%
	 Second Year
	  	60	%
	 Third Year
	  	40	%
	 Fourth Year
	  	20	%
	 Fifth and Subsequent Years
	  	0	%

 (d) If the retirement date is earlier than the effective date of the contingent annuity option,
retirement benefits commencing at the actual retirement date will be made on the normal form of retirement income. If the Participant and the contingent annuitant are living on such effective date, the retirement benefit will be adjusted to provide
retirement income on and after such date in the optional form. 
 ARTICLE V 
 Death Benefits 
 5.01 Preretirement Spouse’s Death Benefit. In the
event of the death of a Participant during active employment and after having become eligible to elect an early retirement date, the Participant’s Spouse will be entitled to a death benefit payable in the normal form of payment 

  

 15 

 
pursuant to Section 5.02 in the amount hereinafter set forth. The amount of such monthly income will be fifty percent (50%) of the monthly early
retirement income that would have been payable to the Participant under Section 3.07 or Section 3.08 (if greater) had he retired on the date of his death; provided, however, that: 
 (a) the reduction specified in Section 3.03(c)(2) with respect to the Participant’s Affiliated Company Benefit will not be applicable;

 (b) the early retirement reduction percentage described in Sections 3.07(a) and 3.07(c) will be applied only to the offset for Social
Security Benefits; 
 (c) the monthly income payments to the Spouse will be reduced by 1/2% for each year that the Spouse is more than ten
(10) years younger than the Participant; 
 (d) the amount payable to the Spouse will be reduced by any amount of Affiliated Company
Benefits that are attributable to Affiliated Company contributions and that are payable to such Spouse; and 
 (e) the benefit that would
have been payable under Section 3.08 shall be payable without regard to whether the Chief Executive Officer Participant has ten years of Service at the date of his death. 
 5.02 Normal Form of Preretirement Spouse’s Death Benefit. Except as otherwise elected pursuant to Section 5.03, the Preretirement
Spouse’s Death Benefit will be in the form of a lump sum payment of the Actuarial Equivalent of the Preretirement Spouse’s Death Benefit determined under Section 5.01 payable no later than the first day of the calendar month following
the month in which the Participant died. 
 5.03 Election of Optional Form of Preretirement Spouse’s Death Benefit. The
provisions of this Section 5.03 are effective January 1, 2005 for elections of an optional form of payment of a Preretirement Spouse’s Death Benefit. 
 (a) With respect to retirement benefits accrued prior to January 1, 2005 that are not deferred compensation for purposes of Code Section 409A, a Participant who is eligible to elect an early retirement date
may elect to have the Preretirement Spouse’s Death Benefit (with respect to such retirement benefits) paid in an annuity pursuant to this Section. If this form of payment is elected by the Participant, the Participant’s Spouse shall
receive a Preretirement Spouse’s Death Benefit (with respect to such retirement benefits) in the form of monthly payments commencing no later than the last day of the calendar month following the month in which the Participant died, payable
over the lifetime of the Spouse. A Participant may change or revoke an election of this 
  

 16 

 
option at any time prior to his actual retirement. Each election, designation and revocation of an option will be made in writing and in conformity with such
rules as may be prescribed by the Plan Administrator. 
 (b) With respect to retirement benefits that are accrued prior to January 1,
2005 and are deferred compensation for purposes of Code Section 409A, and with respect to retirement benefits accrued between January 1, 2005 and December 31, 2005, on or before December 31, 2005, a Participant may elect in
accordance with IRS Notice 2005-1 Q&A 19(c), to have the Preretirement Spouse’s Death Benefit (with respect to such retirement benefits) paid in an annuity pursuant to this Section. If this form of payment is elected by the Participant, the
Participant’s Spouse shall receive a Preretirement Spouse’s Death Benefit (with respect to such retirement benefits) in the form of monthly payments commencing no later than the last day of the calendar month following the month in which
the Participant died, payable over the lifetime of the Spouse. Such election shall become irrevocable on December 31, 2005. Each election will be made in writing and in conformity with such rules as may be prescribed by the Plan Administrator.

 (c) The Preretirement Spouse’s Death Benefit with respect to all benefits accrued after December 31, 2005 will be paid in the
form of a lump sum on the first day of the calendar month following the month in which the Participant died. 
 5.04 Postretirement
Spouse’s Death Benefit. In the event a Participant who has elected to receive a retirement benefit in one of the optional forms outlined in Article IV, dies after retiring or after attaining Normal Retirement Date, the Spouse at the time of
commencement of the distribution of such retirement benefit will receive a monthly retirement income payable for the lifetime of such Spouse in an amount equal to fifty percent (50%) of the retirement income being paid or payable to the
Participant (before giving effect to any reduction in income required by the election of an optional form of payment under Article IV); provided, however, that: 
 (a) the reduction specified in Section 3.03(c)(1) with respect to the Participant’s Affiliated Company Benefit will not be applicable; 
 (b) the monthly income payable to the Spouse will be reduced by 1/2% for each year that the Spouse is more than ten years younger than the Participant;
and 
 (c) the amount payable to the Spouse will be reduced by any amount of Affiliated Company Benefits that are attributable to Affiliated
Company contributions and that are payable to such Spouse. 
  

 17 

 The Spouse’s death benefit payable under this Section 5.04 will be in addition to any benefits
otherwise payable under Article IV. 
 ARTICLE VI 
 Termination of Employment or Status as Executive or Principal Officer; Re-employment 
 6.01
Termination of Employment. 
 (a) Voluntary Termination. A Participant whose employment is terminated for any reason other than
death or retirement, including early retirement, will not be entitled to benefits under this Plan, except as provided in subsection 6.01(b) and Section 6.04 hereof. 
 (b) Involuntary Termination. The provisions of this Section 6.01(b) are effective for involuntary terminations with a Termination Date on or after January 1, 2005. 
 Notwithstanding any other provision of the Plan (and except as discussed herein), a Participant whose employment is involuntarily terminated prior to his Early
Retirement Date, other than for Just Cause, and who executes a release and discharge of the Company from any and all claims, demands or causes of action other than as to amounts or benefits due to the Participant under any plan, program or contract
provided by, or entered into with, the Company will be entitled to benefits in accordance with this subsection 6.01(b). Such release and discharge shall be in such form as prescribed by the Committee and shall be executed prior to the payment of any
benefits due hereunder. In addition, no benefits due hereunder shall be paid to a Participant who is required by Company guidelines to execute an agreement governing the assignment of patents or the disclosure of confidential information unless an
executed copy of such agreement is on file with the Company. 
 (i) This subsection (i) applies with respect to involuntary termination
benefits attributable to retirement benefits that are accrued prior to January 1, 2005 and are deferred compensation for purposes of Code Section 409A, and with respect to involuntary termination benefits attributable to retirement
benefits accrued between January 1, 2005 and December 31, 2005. 
 (A) The benefits under this
Section 6.01(b)(i) shall consist of a nonforfeitable percentage (not to exceed 100%) in the benefits calculated under Section 3.07 (including the minimum benefit defined under Section 3.05, in the case of Executive Participants) equal
to 1-2/3% times the number of completed months of Executive Service, as modified in subsections (B) through (D) below. 
  

 18 

 (B) Such benefits shall commence coincident with or next following the first day of the
calendar month in which the Participant attains age fifty-five (55), or if the Participant elects, on or before December 31, 2005 in accordance with IRS Notice 2005-1 Q&A 19(c), the benefit will be paid at the first day of the month
following the Termination Date, in an Actuarial Equivalent lump sum payment of the age fifty-five (55) retirement income determined under Section 3.07, with an additional reduction of such benefit by discounting it to the date of payment
using the interest rate used in Section 1.02, as modified pursuant to subsections (C) and (D). Such election shall become irrevocable on December 31, 2005. 
 (C) Except as provided in subsection (D), if the Participant elects to commence the benefit prior to age fifty-five (55), the Actuarial
Equivalent lump sum payment in subsection (B) above will be calculated prior to reduction for any Affiliated Company Benefit and discounted to the date of payment as provided in subsection (B), and then such discounted Actuarially Equivalent
lump sum payment will be reduced by the Affiliated Company Benefit payable immediately. 
 (D) In the case of a Participant
who is eligible for a benefit determined under Section 3.10 of the Sunoco, Inc. Retirement Plan or Section 6.11 of the Puerto Rico Sun Oil Company Retirement Plan (i.e., a “Rule of 60” benefit) on his Termination Date, and has
not commenced such benefit at the time that benefits under this Plan commence, the Actuarial Equivalent lump sum payment in subsection (B) above will be reduced by the Actuarial Equivalent lump sum Affiliated Company Benefit (attributable to
the qualified plan in which the Participant participates) payable at age 55 before discounting to the date of payment. Such Actuarial Equivalent lump sum payment shall be discounted to the date of payment as provided in subsection (B). The Actuarial
Equivalent lump sum payment determined in the preceding sentence will then be reduced by any Affiliated Company Benefit from a nonqualified plan payable on the date of payment of the benefit under this Section 6.01(b). 
 (E) Any Participant who also is eligible to receive benefits under Section 6.04 shall not receive benefits hereunder but shall
instead receive the benefits under Section 6.04. If the Participant has not elected to receive a lump sum payment under this Section 6.01(b), and dies prior to commencement of the payment of the benefit under this Section 6.01(b),
then the Participant’s Spouse will be entitled to a preretirement death benefit in accordance with Sections 5.01, 5.02 and 5.03. 
  

 19 

 (ii) This subsection (ii) applies with respect to involuntary termination benefits attributable to
retirement benefits that are accrued after December 31, 2005. 
 (A) The benefits under this Section 6.01(b)(ii)
shall consist of a nonforfeitable percentage (not to exceed 100%) in the benefits calculated under Section 3.07 (including the minimum benefit defined under Section 3.05, in the case of Executive Participants) equal to 1-2/3% times the
number of completed months of Executive Service, as modified in subsections (B) through (D) below. 
 (B) Such
benefits shall be paid at the first day of the month following the Termination Date, in an Actuarial Equivalent lump sum payment of the age fifty-five (55) retirement income determined under Section 3.07, with an additional reduction of
such benefit by discounting it to the date of payment using the interest rate used in Section 1.02, as modified pursuant to subsections (C) and (D). 
 (C) Except as provided in subsection (D), the Actuarial Equivalent lump sum payment in subsection (B) above will be calculated prior
to reduction for any Affiliated Company Benefit and discounted to the date of payment as provided in subsection (B), and then such discounted Actuarially Equivalent lump sum payment will be reduced by the Affiliated Company Benefit payable
immediately.  
 (D) In the case of a Participant who is eligible for a benefit determined under Section 3.10 of
the Sunoco, Inc. Retirement Plan or Section 6.11 of the Puerto Rico Sun Oil Company Retirement Plan (i.e., a “Rule of 60” benefit) on his Termination Date, and has not commenced such benefit at the time that benefits under this Plan
commence, the Actuarial Equivalent lump sum payment in subsection (B) above will be reduced by the Actuarial Equivalent lump sum Affiliated Company Benefit (attributable to the qualified plan in which the Participant participates) payable at
age 55 before discounting to the date of payment. Such Actuarial Equivalent lump sum payment shall be discounted to the date of payment as provided in subsection (B). The Actuarial Equivalent lump sum payment determined in the preceding sentence
will then be reduced by any Affiliated Company Benefit from a nonqualified plan payable on the date of payment of the benefit under this Section 6.01(b). 
 (E) Any Participant who also is eligible to receive benefits under Section 6.04 shall not receive benefits hereunder but shall
instead receive the benefits under Section 6.04. 

  

 20 

 (iii) Payment of any benefits under this Section 6.01(b) (that are deferred compensation for
purposes of Code Section 409A) to any Participant who is a Specified Employee shall be made as follows. Benefits that are scheduled to be paid for the period which begins on such Participant’s Termination Date and ends on the date six
months from such Participant’s Termination Date, shall not be paid as scheduled, but shall be accumulated and paid in a lump sum on the date six months after the Participant’s Termination Date. Simple interest will be paid on retirement
income delayed hereunder from the date such payments would have been made to the Participant but for this subsection (iii), to the date of actual payment, at the interest rate used to determine Actuarial Equivalent lump sum payments under the Plan
as of the Participant’s Termination Date. 
 6.02 Termination of Executive or Principal Officer Status. If a Participant remains
employed by the Company but ceases to be an Executive or a Principal Officer, he will forfeit the right to all benefits under this Plan unless otherwise designated to remain as a Participant by the Board Committee or unless he had attained his 55th
birthday and completed at least five (5) years of Executive Service at the time he ceased to be an Executive or a Principal Officer, except as otherwise provided in this Section 6.02. If any such Participant is designated at the Board
Committee as being eligible to remain a Participant even though no longer an Executive or a Principal Officer, the Participant will continue as such for all purposes of this Plan. If the Participant is not so designated by the Board Committee but
has completed at least five years of Executive Service, he will remain a Participant, but will be entitled to benefits based only upon his Service, Credited Service as of the date he ceased to be an Executive or Principal Officer, and Final Average
Earnings as of his Termination Date. 
 6.03 Reemployment. If a retired Participant is reemployed by the Company, his benefits will
thereupon cease, and upon again becoming such an Employee he will have his prior period of Service, Credited Service and Executive Service restored to him only as designated by the Board Committee. 
  

 21 

 6.04 Change in Control. 
 (a) Notwithstanding any other provisions in the Plan (including any minimum age and/or length of service requirements for vesting of benefits), a
Participant shall become fully and irrevocably vested upon the earliest of: 
 (1) the Participant’s Qualifying
Termination; 
 (2) a termination of the Participant’s employment by the Company after a Change in Control by reason of
death or disability; 
 (3) the termination of this Plan after a Change in Control; or 
 (4) any amendment of this Plan after a Change in Control in a manner that purports to reduce any benefit due under this Plan. 

As a result of such vesting, each such Participant shall become entitled to benefits calculated as follows: 
 (i) Except for purposes of Section 1.14(c), Service and Credited Service shall be increased by 36 months, with the number of months
credited under this Section 6.04(a)(i) reduced by one month for each completed month of Service of the Participant after the date of the Change in Control, but not below zero. 
 (ii) If at the Termination Date, the Participant has attained his Normal Retirement Date, he shall be entitled to a benefit calculated in
accordance with Section 3.02 (for Principal Officer Participants) or Section 3.03 (for Executive Participants). 
 (iii) If at the Termination Date, the Participant has not attained his Normal Retirement Date, or has not attained his Early Retirement Date, he shall be entitled to benefits calculated under Section 3.07 (including the minimum benefit
defined under Section 3.05 in the case of Executive Participants). 
 (iv) Final Average Earnings shall be determined
using the greater of: 
 (A) the amount determined under Section 1.21 without reference to this
Section 6.04(a)(iv); or 
 (B) the amount determined under Section 1.21 as of the end of the calendar month
preceding the date of a Change in Control. 
 (v) The provisions of this Section 6.04(a)(v) are effective for a
Participant with a Termination Date on or after January 1, 2005, and who has not attained his Early Retirement Date at the Termination Date. 
  

 22 

 (A) This subsection (A) applies with respect to benefits attributable to retirement benefits that
are accrued prior to January 1, 2005 and are deferred compensation for purposes of Code Section 409A, and with respect to benefits attributable to retirement benefits accrued between January 1, 2005 and December 31, 2005.

 (I) The benefits under this Section 6.04(a)(v)(A) shall consist of the benefits calculated under Section 3.07,
as modified in subsections (II) through (IV) below. 
 (II) Such benefits shall commence coincident with or next following
the first day of the calendar month in which the Participant attains age fifty-five (55), or if the Participant elects, on or before December 31, 2005 in accordance with IRS Notice 2005-1 Q&A 19(c), the benefit will be paid at the first day
of the month following the Termination Date, in an Actuarial Equivalent lump sum payment of the age fifty-five (55) retirement income determined under Section 3.07, with an additional reduction of such benefit by discounting it to the date
of payment using the interest rate used in Section 1.02, as modified pursuant to subsections (III) and (IV). Such election shall become irrevocable on December 31, 2005. 
 (III) Except as provided in subsection (IV), if the Participant elects to commence the benefit prior to age fifty-five (55), the
Actuarial Equivalent lump sum payment in subsection (II) above will be calculated prior to reduction for any Affiliated Company Benefit and discounted to the date of payment as provided in subsection (II), and then such discounted Actuarially
Equivalent lump sum payment will be reduced by the Affiliated Company Benefit payable immediately. 
 (IV) In the case of a
Participant who is eligible for a benefit determined under Section 3.10 of the Sunoco, Inc. Retirement Plan or Section 6.11 of the Puerto Rico Sun Oil Company Retirement Plan (i.e., a “Rule of 60” benefit) on his Termination
Date, and has not commenced such benefit at the time that benefits under this Plan commence, the Actuarial Equivalent lump sum payment in subsection (II) above will be reduced by the Actuarial Equivalent lump sum Affiliated Company Benefit
(attributable to the 

  

 23 

 
qualified plan in which the Participant participates) payable at age 55 before discounting to the date of payment. Such Actuarial Equivalent lump sum payment
shall be discounted to the date of payment as provided in subsection (II). The Actuarial Equivalent lump sum payment determined in the preceding sentence will then be reduced by any Affiliated Company Benefit from a nonqualified plan payable on the
date of payment of the benefit under this Section 6.04(a)(v). 
 (B) This subsection (B) applies with respect to benefits
attributable to retirement benefits that are accrued after December 31, 2005. 
 (I) The benefits under this
Section 6.04(a)(v)(B) shall consist of the benefits calculated under Section 3.07, as modified in subsections (II) through (IV) below. 
 (II) Such benefits shall be paid at the first day of the month following the Termination Date, in an Actuarial Equivalent lump sum payment of the age fifty-five (55) retirement income determined under
Section 3.07, with an additional reduction of such benefit by discounting it to the date of payment using the interest rate used in Section 1.02, as modified pursuant to subsections (III) and (IV). 
 (III) Except as provided in subsection (IV), the Actuarial Equivalent lump sum payment in subsection (II) above will be calculated prior
to reduction for any Affiliated Company Benefit and discounted back to the date of payment as provided in subsection (II), and then such discounted Actuarially Equivalent lump sum payment will be reduced by the Affiliated Company Benefit payable
immediately.  
 (IV) In the case of a Participant who is eligible for a benefit determined under Section 3.10 of
the Sunoco, Inc. Retirement Plan or Section 6.11 of the Puerto Rico Sun Oil Company Retirement Plan (i.e., a “Rule of 60” benefit) on his Termination Date, and has not commenced such benefit at the time that benefits under this Plan
commence, the Actuarial Equivalent lump sum payment in subsection (II) above will be reduced by the Actuarial Equivalent lump sum Affiliated Company Benefit (attributable to the qualified plan in which 

  

 24 

 
the Participant participates) payable at age 55 before discounting to the date of payment. Such Actuarial Equivalent lump sum payment shall be discounted to
the date of payment as provided in subsection (II). The Actuarial Equivalent lump sum payment determined in the preceding sentence will then be reduced by any Affiliated Company Benefit from a nonqualified plan payable on the date of payment of the
benefit under this Section 6.04(a)(v). 
 (C) Payment of any benefits under this Section 6.04(a)(v) (that are deferred compensation
for purposes of Code Section 409A) to any Participant who is a Specified Employee shall be made as follows. Benefits that are scheduled to be paid for the period which begins on such Participant’s Termination Date and ends on the date six
months from such Participant’s Termination Date, shall not be paid as scheduled, but shall be accumulated and paid in a lump sum on the date six months after the Participant’s Termination Date. Simple interest will be paid on retirement
income delayed hereunder from the date such payments would have been made to the Participant but for this subsection (C), to the date of actual payment, at the interest rate used to determine Actuarial Equivalent lump sum payments under the Plan as
of the Participant’s Termination Date. 
 (iv) In the event the Chief Executive Officer Participant has not attained his Normal
Retirement Date at the Termination Date (regardless of whether he has ten years of Service at the Termination Date), the benefits under Section 3.08 will be a monthly special retirement income equal to 60% of his Final Average Earnings (with
such income reduced by 5/12% for each month that his Termination Date precedes his Normal Retirement Date). The benefit payable under this Section 6.04(b)(vi) shall be reduced by the Affiliated Company Benefit determined as of the annuity
starting date of the benefit payable under this Section 6.04(b)(vi). 
 In addition, a Participant who terminates his employment for any
reason after a Change in Control and who is not described in the first sentence of Section 6.04(a), shall become entitled to the benefits set forth at Section 6.04(a)(4)(ii), (iii), (iv) and (v), 

  

 25 

 
to the extent the Participant meets the age requirements set forth in each such subsection. 
 (b) The provisions of this Section 6.04(b) are effective January 1, 2005 for making a “Change in Control Election”. 
 (i) With respect to retirement benefits accrued prior to January 1, 2005 that are not deferred compensation for purposes of Code Section 409A,
notwithstanding any other provisions in this Plan, at any time, a Participant or Beneficiary may make a “Change in Control Election.” If a Participant or Beneficiary makes a Change in Control Election that remains in force in accordance
with the rules described below, the Participant or Beneficiary will be entitled to receive, in a single lump sum payment upon the occurrence of a Change in Control, the Actuarial Equivalent of the remaining payments of retirement income
(attributable to benefits accrued before January 1, 2005 that are not deferred compensation for purposes of Code Section 409A) to which he or she is entitled under the Plan as of the Change in Control. In order for a Change in Control
Election to be effective, however, the Participant or Beneficiary must be receiving Plan benefits pursuant to Article IV at the time that a Change in Control occurs. In addition, any Change in Control Election or revocation of an existing Change in
Control Election shall be null and void if a Change in Control occurs within 12 months after it is made, and the Participant’s or Beneficiary’s most recent preceding Change in Control Election, if timely made and not revoked at least 12
months before the Change in Control, shall remain in force. Each such election or revocation shall be made in writing and in conformity with such rules as may be prescribed by the Plan Administrator. 
 (ii) With respect to retirement benefits that are accrued prior to January 1, 2005 and are deferred compensation for purposes of Code
Section 409A, and with respect to retirement benefits accrued between January 1, 2005 and December 31, 2005, on or before December 31, 2005, a Participant may elect in accordance with IRS Notice 2005-1 Q&A 19(c), to make a
“Change in Control Election.” Such election will be irrevocable as of December 31, 2005. If a Participant or Beneficiary makes a Change in Control Election the Participant or Beneficiary will be entitled to receive, in a single lump
sum payment upon the occurrence of a Change in Control (provided that the Change in Control is also a change in control for purposes of Code Section 
  

 26 

 
409A and the regulations issued thereunder), the Actuarial Equivalent of the remaining payments of retirement income to which he or she is entitled under the
Plan as of the Change in Control. In order for a Change in Control Election to be effective, however, the Participant or Beneficiary must be receiving Plan benefits pursuant to Article IV at the time that a Change in Control occurs. Each such
election shall be made in writing and in conformity with such rules as may be prescribed by the Plan Administrator. 
 (c) With respect to
retirement benefits accrued prior to January 1, 2005 that are not deferred compensation for purposes of Code Section 409A, from the date of a Change in Control and for twelve (12) months thereafter, each Participant or Beneficiary who
is receiving retirement benefits pursuant to Article IV and who does not have a Change in Control Election in force, shall have the right to withdraw, in a single lump-sum cash payment, an amount equal to ninety-five percent (95%) of the
Actuarial Equivalent of the remaining payments of retirement income to which the Participant is then entitled under this Plan (a “95% Withdrawal”); provided, however, that if this option is exercised, such Participant or Beneficiary
will forfeit to the Company the remaining five percent (5%) of the Actuarial Equivalent of such payments. Payments pursuant to a 95% Withdrawal shall be made as soon as practicable, but no later than thirty (30) days after the Participant
or Beneficiary notifies the Plan Administrator in writing that he is exercising his right to elect a 95% Withdrawal. This provision is not effective for any retirement benefits that are deferred compensation for purposes of Code Section 409A.

 (d) The Company shall pay all legal fees and related expenses incurred by or with respect to a Participant during his lifetime or within
ten (10) years after his death in seeking to obtain or enforce any payment, benefit or other right such Participant may be entitled to under the Plan after a Change in Control; provided, however, that the Participant (or the
Participant’s representative) shall be required to repay any such amounts to the Company to the extent a court of competent jurisdiction issues a final non-appealable order setting forth the determination that the position taken by the
Participant (or the Participant’s representative) was frivolous or advanced in bad faith. Reimbursement shall be made on or before the close of the calendar year following the calendar year in which the expense was incurred. The amount of the
expense eligible for reimbursement under this provision in one calendar 

  

 27 

 
year may not affect the amount of expense eligible for reimbursement under this provision in any other calendar year. 
 ARTICLE VII 
 Disability Benefits

 7.01 Participants Receiving Disability Benefits. A Participant receiving disability benefits under the Sun Executive Disability
Income Program will remain a Participant. Such a Participant will be entitled to a monthly normal retirement income, to commence at his Normal Retirement Date, computed in accordance with Sections 3.02, 3.03, 3.04 or 3.05 as applicable, assuming
constant Earnings and annual guideline (target) bonus to Normal Retirement Date, Social Security benefits as calculated under the Social Security Act in effect on the Participant’s date of disability, and including as Service, Credited Service
and Executive Service, the period during which he qualifies for and receives disability benefits under the Sun Executive Disability Income Program. Such determination will be made as of Normal Retirement Date. Notwithstanding the foregoing, for
purposes of determining the benefit provided to the Chief Executive Officer Participant pursuant to Section 3.08, Service, Credited Service and Executive Service shall not include the period during which he qualifies for and receives disability
benefits under the Sun Executive Disability Income Program. The normal form for the payment of retirement income to the Participant will be as set forth in Section 3.09. 
 7.02 Status During Disability. A Participant receiving Sun Executive Disability Income Program benefits prior to his Normal Retirement Date will
be entitled to benefits under Section 5.01 and, if applicable, Section 5.02. After his Normal Retirement Date, he will be deemed to have retired. Such a Participant, if otherwise eligible, may also elect to retire early under the
provisions of Section 3.06. 
 ARTICLE VIII 
 Administration of the Plan 
 8.01 Allocation and Delegation of Fiduciary Responsibilities.
Fiduciary responsibilities with respect to the Plan are to be allocated as set forth in this Article VIII. A fiduciary will have only those specific powers, duties, responsibilities and obligations as are specifically given him under this Plan. It
is intended that each fiduciary be responsible for the proper exercise of his own powers, duties, responsibilities and obligations under this Plan, and generally will not be responsible for any act or failure to act of another fiduciary. A fiduciary
may delegate to any person or entity, who may or may not be a fiduciary, any of its powers or duties under the Plan. 
  

 28 

 8.02 Powers and Responsibilities of the Board of Directors. The Board of Directors has the
following powers and responsibilities: 
 (a) To authorize amendments to the Plan; 
 (b) To terminate the Plan; and 
 (c) To
appoint and remove members of the Board Committee, as set forth in Section 8.03, below. 
 8.03 Board Committee. 
 (a) The Board Committee will consist of at least three Directors who will be appointed by and serve at the pleasure of the Board of Directors. The Board
of Directors will also appoint one member of the Board Committee to act as Chairman of such Committee. Vacancies will be filled in the same manner as appointments. Any member of the Board Committee may resign by delivering a written resignation to
the Board of Directors, to become effective upon delivery or at any other date specified therein. 
 (b) The members of the Board Committee
will appoint a Secretary who may, but need not be, a member of the Board Committee. The Board Committee may, in writing, delegate some or all of its powers and responsibilities as specified in subsection 8.03(d) to any other person or entity, who
may or may not be a fiduciary. 
 (c) The Board Committee will hold meetings upon such notice, at such time or times, and at such place or
places as it may determine. The majority of the members of the Board Committee at the time in office will constitute a quorum for the transaction of business at all meetings and a majority vote of those present at any meeting will be required for
action. The Board Committee will also act by written consent of a majority of its members. 
 (d) The Board Committee will have the following
powers and responsibilities: 
 (1) To prepare periodic administration reports to the Board of Directors which will show, in
reasonable detail, the administrative operations of the Plan; 
 (2) To appoint and remove the Plan Administrator; and

 (3) To appoint and remove other fiduciaries. 
 8.04 Plan Administrator. 
 (a) The Plan Administrator will be appointed by and serve at the pleasure
of the Board Committee. The Plan Administrator may resign by delivering a written resignation to the Board Committee, to be effective on delivery or at any other date specified therein. Upon the resignation 

  

 29 

 
or removal of the Plan Administrator, a successor Plan Administrator will be appointed by the Board Committee. 
 (b) The Plan Administrator may, in writing, delegate some or all of his powers and responsibilities as set forth in subsection 8.04(c) to any other person
or entity, who may or may not be a fiduciary. 
 (c) The Plan Administrator will adopt such rules for administration of the Plan as he
considers desirable, provided they do not conflict with the Plan. Records of administration of the Plan will be kept, and Participants and their Spouses, Beneficiaries and contingent annuitants may examine records pertaining directly to themselves.
The Plan Administrator will have the following powers and responsibilities: 
 (1) To select and terminate an actuary for the
Plan. 
 (2) To establish and maintain claims review procedures. 
 (3) To construe the Plan, correct defects, supply omissions and reconcile inconsistencies to the extent necessary to administer the Plan,
with any instructions or interpretation of the Plan made in good faith by the Plan Administrator to be final and conclusive for all purposes. 
 (4) To comply with any requirements of the Employee Retirement Income Security Act of 1974 with respect to filing reports with governmental agencies. 
 (5) To provide Employees with any and all information required by the Employee Retirement Income Security Act of 1974. 
 (6) To approve any actuarial assumptions. 
 (7) To coordinate any necessary audit process with respect to reports on administration data. 
 (8) To conduct routine Plan administration. 
 8.05 Employment of Agents. The fiduciaries may retain such counsel, actuarial,
medical, accounting, clerical and other services as they may require to carry out the provisions and purposes of the Plan. 
 8.06
Reliance on Reports and Certificates. Fiduciaries under the Plan and the officers and managers and Employees of the Company and any Affiliated Company will be entitled to rely upon all tables, valuations, certificates and reports furnished by
any duly appointed actuary, insurance company, or by any duly appointed accountant, and upon all opinions given by any duly appointed legal counsel. 
  

 30 

 8.07 Compensation. Fiduciaries under the Plan will not receive any compensation for their services
as such. 
 8.08 Fiduciary’s Own Participation. A fiduciary may not act, vote or otherwise influence a decision specifically
relating to his own participation under the Plan. 
 8.09 Liability for Administration of the Plan. In the administration of the Plan,
neither a fiduciary, not any officers, directors or employees of the Company or any Affiliated Company or their agents will be liable jointly or severally for any loss due to his or its error or acts of omission or commission, except for his or its
own individual misconduct. The Company will indemnify each fiduciary, officer, director or employee of the Company and any Affiliated Company from any and all expenses arising out of his or its responsibilities under the Plan, excepting such
expenses and liabilities arising out of his or its own individual willful misconduct. 
 ARTICLE IX 
 General Provisions 
 9.01 Right to
Amend or Terminate. The Company expects and intends to continue the Plan indefinitely, but necessarily reserves the right, by action of the Board of Directors, to amend, alter, suspend or terminate the Plan in whole or in part, and at any time;
provided, however, that, without the written consent of the Participant, no such amendment or termination shall adversely affect the rights of such Participants, or the beneficiaries of such Participant, with respect to benefits accrued by
that Participant under the Plan prior to the date on which final action is taken with respect to such amendment or termination, and in the event that such amendment or termination adversely affects the rights of such Participant, or the
beneficiaries of such Participant, the accrued benefits of such Participant under the Plan immediately prior to such amendment or termination shall become nonforfeitable, and provided, further, that the provisions of the Plan relating to a
Change in Control, including, without limitation, Sections 1.10, 1.37 and 6.04, may not be amended in a manner adverse to Participants after a Change in Control or before, but in connection with, a Change in Control. 
 9.02 Alienation of Benefits. No benefits payable under the Plan will be subject in any manner to anticipation, alienation, sale, transfer,
assignment, pledge, encumbrance or charge, and any action by way of anticipating, alienating, selling, transferring, assigning, pledging, encumbering or charging the same will be void and of no effect nor will any such benefit be in any manner
liable for 

  

 31 

 
or subject to the debts, contracts, liabilities, engagements or torts of the person entitled to such benefit. 
 9.03 Payment to Minors and Incompetents. If a Participant, Spouse, contingent annuitant or Beneficiary entitled to receive any benefits hereunder
is a minor, or is deemed by the Plan Administrator or is adjudged to be legally incapable of giving a valid receipt and discharge for such benefits, they will be paid to the duly appointed guardian or committee of such minor or incompetent, or they
may be paid to such person or persons who the Plan Administrator believes is or are caring for or supporting such minors or incompetents. Any such payments, to the extent thereof, will be a complete discharge for the payment of such benefit.

 9.04 Unclaimed Benefit. If any benefit under the Plan had been payable to and unclaimed by any person for a period of four years
since the whereabouts or existence of such person was last known to the Plan Administrator, the Plan Administrator may direct that all rights of such person to payments accrued and to future payments be terminated absolutely, provided that if such
person subsequently appears and identifies himself to the satisfaction of the Plan Administrator, then the liability will be reinstated. 
 9.05 Plan Voluntary. The Plan is purely voluntary on the part of the Company. Neither the establishment of the Plan, nor any amendment thereto, nor the creation of any fund or account, nor the payment of any benefit will be construed
as conferring upon any Employee or Participant the right to be retained in the employ of the Company or any Affiliated Company, and all Employees and Participants will remain subject to discharge, discipline or termination to the same extent as if
the Plan had never been established. 
 9.06 Gender. Whenever used herein, the masculine pronoun will include the feminine and the
singular the plural, unless a different meaning is plainly required by the context. 
 9.07 Construction. The Plan will be construed,
enforced and administered according to the laws of the Commonwealth of Pennsylvania. In the event any provision of the Plan is held illegal or invalid for any reason, it will not affect the remaining provisions of the Plan, but the Plan will be
construed and enforced as if such illegal and invalid provision had not been included therein. 
  

 32Special Executive Severance Plan

 Exhibit 10.14 
  
  
  
 SUNOCO, INC. 
 SPECIAL EXECUTIVE SEVERANCE
PLAN 
 (Amended and Restated as of November 1, 2007) 
  
  
  
  

 ARTICLE I 
 DEFINITIONS 
 Section 1.1 “Accounting Firm” shall have the meaning provided herein at
Section 4.7(b). 
 Section 1.2 “Annual Compensation” shall mean a Participant’s annual base salary as in effect
immediately prior to the Change in Control, or, if greater, immediately prior to the Employment Termination Date, plus the greater of (x) the Participant’s annual guideline (target) bonus as in effect immediately before the Change in
Control or, if higher, the Employment Termination Date, or (y) the average annual bonus awarded to the Participant with respect to the three years ending before the Change in Control or, if higher, with respect to the three years ending before
the Employment Termination Date. 
 Section 1.3 “Affiliate” shall mean any entity that directly, or indirectly through one or
more intermediaries, controls, is controlled by, or is under common control with Sunoco, Inc. 
 Section 1.4 “Benefit” or
“Benefits” shall mean any or all of the benefits that a Participant is entitled to receive pursuant to Article IV of the Plan. 
 Section 1.5 “Benefit Extension Period” shall mean: 
 (a) for an Executive Resource Employee in Grade 18 or above,
three years; and 
 (b) for each other Executive Resource Employee, two years. 
 Section 1.6 “Board of Directors” shall mean the Board of Directors of Sunoco, Inc. 
 Section 1.7 “Business Combination” shall have the meaning provided herein at Section 1.8(c). 
 Section 1.8 “Change in Control” shall mean the occurrence of any of the following events: 
 (a) The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act) (a
“Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either (1) the then-outstanding shares of common stock of Sunoco, Inc. (the “Outstanding Company Common
Stock”) or (2) the combined voting power of the then-outstanding voting securities of Sunoco, Inc. entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however,
that, for purposes of this Section 1.8(a), the following acquisitions shall not constitute a Change in Control: (A) any acquisition directly from Sunoco, Inc., (B) any acquisition by Sunoco, Inc., (C) any acquisition by any
employee benefit plan (or related trust) sponsored or maintained by Sunoco, Inc. or any company controlled by, controlling or under common control with Sunoco, Inc., or (D) any acquisition by any entity pursuant to a transaction that complies
with Sections 1.8(c)(1), (c)(2) and (c)(3) of this definition; 
  

 1 

 (b) Individuals who, as of September 6, 2001, constitute the Board of Directors (the “Incumbent
Board”) cease for any reason to constitute at least a majority of the Board of Directors; provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the
shareholders of Sunoco, Inc., was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any
such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf
of a Person other than the Board of Directors; 
 (c) Consummation of a reorganization, merger, statutory share exchange or consolidation or
similar corporate transaction involving Sunoco, Inc. or any of its subsidiaries, a sale or other disposition of all or substantially all of the assets of Sunoco, Inc., or the acquisition of assets or stock of another entity by Sunoco, Inc. or any of
its subsidiaries (each, a “Business Combination”), in each case unless, following such Business Combination, (1) all or substantially all of the individuals and entities that were the beneficial owners of the Outstanding Company
Common Stock and the Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 60% of the then-outstanding shares of common stock and the combined voting power of the
then-outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the corporation resulting from such Business Combination (including, without limitation, a corporation that, as a result of such
transaction, owns Sunoco, Inc. or all or substantially all of the assets of Sunoco, Inc., either directly or through one or more subsidiaries) in substantially the same proportions as their ownership immediately prior to such Business Combination of
the Outstanding Company Common Stock and the Outstanding Company Voting Securities, as the case may be, (2) no Person (excluding any corporation resulting from such Business Combination or any employee benefit plan (or related trust) of Sunoco,
Inc. or such corporation resulting from such Business Combination or any of their respective subsidiaries) beneficially owns, directly or indirectly, 20% or more of, respectively, the then-outstanding shares of common stock of the corporation
resulting from such Business Combination or the combined voting power of the then-outstanding voting securities of such corporation, except to the extent that such ownership existed prior to the Business Combination, and (3) at least a majority
of the members of the board of directors of the corporation resulting from such Business Combination 

  

 2 

 
were members of the Incumbent Board at the time of the execution of the initial agreement or of the action of the Board of Directors providing for such
Business Combination; or 
 (d) Approval by the shareholders of Sunoco, Inc. of a complete liquidation or dissolution of Sunoco, Inc.

 Section 1.9 “Chief Executive Officer” shall mean the individual serving as the Chief Executive Officer of Sunoco, Inc. as
of the date of reference. 
 Section 1.10 “Code” shall mean the Internal Revenue Code of 1986, as amended. 
 Section 1.11 “Committee” shall mean the administrative committee designated pursuant to Article VI of the Plan to administer the Plan in
accordance with its terms. 
 Section 1.12 “Company” shall mean Sunoco, Inc., and any Affiliate. 
 Section 1.13 “Company Service” shall mean, for purposes of determining Benefits available to any Participant in this Plan, the total
aggregate recorded length of such Participant’s service with Sunoco, Inc. or any Affiliate (while it is an Affiliate). 
 Company
Service shall commence with the Participant’s initial date of employment with the Company, and shall end with such Participant’s death, retirement, or termination for any reason. Company Service also shall include: 
 (a) all periods of approved leave of absence (civil, family, medical, military, or Olympic); provided, however, that the
Participant returns to work within the prescribed time following the leave; 
 (b) any break in service of thirty
(30) days or less; and 
 (c) any service credited under applicable Company policies with respect to the length of a
Participant’s employment by any non-affiliated entity that subsequently becomes an Affiliate or part of the operations of the Company. 
 Section 1.14 “Disability” shall mean any illness, injury or incapacity of such duration and type as to render a Participant eligible to receive long-term disability benefits under the applicable broad-based long-term
disability program of the Company. 
 Section 1.15 “Compensation Committee” shall mean the compensation committee of the Board
of Directors. 
 Section 1.16 “Employment Termination Date” shall mean the date on which a Participant separates from service
as defined in Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and the regulations issued thereunder. 
 Section 1.17 “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended. 
  

 3 

 Section 1.18 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended.

 Section 1.19 “Excise Tax” shall have the meaning provided herein at Section 4.7(f). 
 Section 1.20 “Executive Resource Employee” shall mean any individual employed by the Company who has been designated by Sunoco, Inc. as a
member of Sunoco, Inc.’s executive resources group. Generally, such group shall include employees in Grades 14-20 and all other employees subject to Section 16 of the Exchange Act. 
 Section 1.21 “Gross-Up Payment” shall have the meaning provided herein at Section 4.7(a). 
 Section 1.22 “Incumbent Board” shall have the meaning provided herein at Section 1.8(b). 
 Section 1.23 “Involuntary Plan” shall mean the Sunoco, Inc. Executive Involuntary Severance Plan. 
 Section 1.24 “Just Cause” shall mean: 
 (a) the willful and continued failure of the Participant to perform substantially the Participant’s duties with the Company (other than any such failure resulting from incapacity due to physical or mental illness or following notice of
employment termination by the Participant pursuant to Section 1.32(b) or (c)), after a written demand for substantial performance is delivered to the Participant by the Board of Directors or the Chief Executive Officer that specifically
identifies the manner in which the Board of Directors or the Chief Executive Officer believes that the Participant has not substantially performed the Participant’s duties, or 
 (b) the willful engaging by the Participant in illegal conduct or gross misconduct that is materially and demonstrably injurious to the Company.

 For purposes of this Section 1.24, no act, or failure to act, on the part of the Participant shall be considered “willful”
unless it is done, or omitted to be done, by the Participant in bad faith or without reasonable belief that the Participant’s action or omission was in the best interests of the Company. Any act, or failure to act, based upon authority given
pursuant to a resolution duly adopted by the Board or upon the instructions of the Chief Executive Officer or a senior officer of the Company or based upon the advice of counsel for the Company shall be conclusively presumed to be done, or omitted
to be done, by the Participant in good faith and in the best interests of the Company. The cessation of employment of the Participant shall not be deemed to be for Just Cause unless and until there shall have been delivered to the Participant a copy
of a resolution duly adopted by the affirmative vote of not less than three-quarters of the 

  

 4 

 
entire membership of the Board of Directors (excluding the Participant, if the Participant is a member of the Board of Directors) at a meeting of the Board
of Directors (after reasonable notice is provided to the Participant and the Participant is given an opportunity, together with counsel for the Participant, to be heard before the Board of Directors), finding that, in the good faith opinion of the
Board of Directors, the Participant is guilty of the conduct described in Section 1.24(a) or 1.24(b), and specifying the particulars thereof in detail. 
 Section 1.25 “Outstanding Company Common Stock” shall have the meaning provided herein at Section 1.8(a). 
 Section 1.26 “Outstanding Company Voting Stock” shall have the meaning provided herein at Section 1.8(a). 
 Section 1.27 “Parachute Value” shall have the meaning provided herein at Section 4.7(f). 
 Section 1.28 “Participant” shall mean any Executive Resource Employee who is employed by the Company on or before the occurrence of any Change in Control. In addition, for purposes of Sections 4.6 and 4.7 of this Plan, each
former Executive Resource Employee shall be a Participant. 
 Section 1.29 “Payment” shall have the meaning provided herein at
Section 4.7(f) 
 Section 1.30 “Person” shall have the meaning provided herein at Section 1.8(a). 
 Section 1.31 “Plan” shall mean the Sunoco, Inc. Special Executive Severance Plan, as set forth herein, and as the same may from time to
time be amended. 
 Section 1.32 “Qualifying Termination” of the employment of a Participant shall mean any of the following:

 (a) a termination of employment by the Company within two (2) years after a Change in Control, other than for Just
Cause, death or Disability; 
 (b) a termination of employment by the Participant within two (2) years after a Change in
Control for one or more of the following reasons: 
 (1) the assignment to such Participant of any duties inconsistent in a way adverse to
such Participant, with such Participant’s positions, duties, responsibilities and status with the Company immediately prior to the Change in Control, or a reduction in the duties and responsibilities held by the Participant immediately prior to
the Change in Control; or a change in the Participant’s reporting responsibilities, title or offices as in effect immediately prior to the Change in Control that is adverse to the Participant; in each case except in connection with such
Participant’s termination of employment by the Company for Just Cause; or 
  

 5 

 (2) with respect to any Participant who is a member of the Board of Directors immediately prior to the
Change in Control, any failure of the shareholders of Sunoco, Inc. to elect or reelect, or of Sunoco, Inc. to appoint or reappoint, the Participant as a member of the Board of Directors; 
 (3) a reduction by the Company in either the Participant’s annual base salary or guideline (target) bonus as in effect immediately prior to the
Change in Control; the failure of the Company to provide the Participant with employee benefits and incentive compensation opportunities that (i) are not less favorable than those provided to other executives who occupy the same grade level at
the Company as the Participant, or if the Company’s grade levels are no longer applicable, to a similar peer group of the executives of the Company, and (ii) provide the Participant with benefits that are at least as favorable, measured
separately for (A) incentive compensation opportunities, (B) savings and retirement benefits, (C) welfare benefits, and (D) fringe benefits and vacation, as the most favorable of each such category of benefit in effect for the
Participant at any time during the 120-day period immediately preceding the Change in Control; or 
 (4) The Company requires the Participant
to be based anywhere other than the Participant’s present work location or a location within thirty-five (35) miles from the present location; or the Company requires the Participant to travel on Company business to an extent substantially
more burdensome than such Participant’s travel obligations during the period of twelve (12) consecutive months immediately preceding the Change in Control; 
 provided, however, that in the case of any such termination of employment by the Participant under this subparagraph (b), such termination shall not be deemed to be a Qualifying Termination unless the
termination occurs within 120 days after the occurrence of the event or events constituting the reason for the termination; or 
 (c) before a Change in Control, a termination of employment by the Company (other than a termination for Just Cause) or a termination of employment by the Participant for one of the reasons set forth in (b) above, if the affected
Participant can demonstrate that such termination or circumstance in (b) above leading to the termination: 
 (1) was at the request of
a third party with which the Company had entered into negotiations or an agreement with regard to a Change in Control; or 
  

 6 

 (2) otherwise occurred in connection with a Change in Control; 
 provided, however, that in either such case, a Change in Control actually occurs within one (1) year following the Employment Termination
Date. 
 Any good faith determination made by the Participant that the Participant has experienced a Qualifying Termination pursuant to Section 1.32(b)
shall be conclusive. A Participant’s mental or physical incapacity following the occurrence of an event described above in (b) above shall not affect the Participant’s ability to have a Qualifying Termination. As used in this
Section 1.32, a “termination of employment” means a separation from service as defined in Code Section 409A and the regulations issued thereunder. 
 Section 1.33 “Retirement Plan” shall have the meaning provided herein at Section 4.1(c). 
 Section 1.34 “SERP” shall have the meaning provided herein at Section 4.1(c). 
 Section 1.35 “Sunoco,
Inc.” shall mean Sunoco, Inc., a Pennsylvania corporation, and any successor thereto by merger, consolidation, liquidation or purchase of assets or stock or similar transaction. 
 Section 1.36 “Underpayment” shall have the meaning provided herein at Section 4.7(b). 
 ARTICLE II 
 BACKGROUND, PURPOSE AND TERM
OF PLAN 
 Section 2.1 Background. Sunoco, Inc. maintains this Plan for the purpose of providing severance allowances to
Executive Resource Employees whose employment is terminated in connection with or following a Change in Control. The Plan has been amended and restated as of September 6, 2001. The Plan, as amended and restated herein, shall be effective as of
February 6, 2003. 
 Section 2.2 Purpose of the Plan. The Plan, as set forth herein, has been adopted by the Board of
Directors, or a committee thereof, delegated such responsibility, acting in its sole discretion, in recognition that the possibility of a major transaction or a Change in Control exists and that such possibility, and the uncertainty and questions
which it may raise among management, may result in the departure or distraction of key management personnel to the detriment of the Company. The Board of Directors has determined that appropriate steps should be taken to reinforce and encourage the
continued attention and dedication of Participants, as key members of Company’s management, to their assigned duties without distraction. The Plan is not intended to be included in the definitions of “employee pension benefit plan”
and “pension plan” set forth under Section 3(2) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). Rather, this Plan is intended to meet the 

  

 7 

 
descriptive requirements of a plan constituting a “severance pay plan” within the meaning of regulations published by the Secretary of Labor at
Title 29, Code of Federal Regulations, § 2510.3-2(b). Accordingly, the benefits paid by the Plan are not deferred compensation. 
 Section 2.3 Term of the Plan. The Plan will continue until such time as the Board of Directors, or a committee thereof, delegated such responsibility, acting in its sole discretion, elects to modify, supersede or terminate it;
provided, however, that no such action taken after a Change in Control, or before, but in connection with, a Change in Control, may terminate or reduce the benefits or prospective benefits of any individual who is a Participant on the date of
the action without the express written consent of the Participant. 
 ARTICLE III 
 PARTICIPATION AND ELIGIBILITY FOR BENEFITS 
 Section 3.1 General
Requirements. Each Executive Resource Employee shall become a Participant upon confirmation of his/her official title or employment grade by election by the Board of Directors or appointment by Sunoco, Inc. Except with respect to the benefits
and payments under Sections 4.7 and 4.8, in order to receive a Benefit under this Plan, a Participant’s employment must have been terminated as a result of a Qualifying Termination. 
 Section 3.2 Qualifying Termination. The Committee shall determine whether any termination of a Participant is a Qualifying Termination. The
Participant shall follow the procedures described in Article IX for presenting his or her claim for Benefits under this Plan. 
 ARTICLE IV

 BENEFITS 
 Section 4.1 Amount of Immediate Cash Benefit; Qualifying Termination. In the event of a termination of employment that would qualify the Participant for Benefits that is a Qualifying Termination, the cash amount to be paid to a
Participant eligible to receive Benefits under Section 3.1 hereof shall be paid in a lump sum as provided in Section 5.1 hereof and shall equal the sum of the following: 
 (a) An amount equal to the Participant’s earned vacation (as determined under the Company’s applicable vacation policy as in effect at the time
of the Change in Control) through his or her Employment Termination Date; 
 (b) (1) for an Executive Resources Employee in Grade 18 or
above, Annual Compensation multiplied by three (3); 
       (2) for each other Executive Resources Employee,
Annual Compensation multiplied by two (2); 
  

 8 

 (c) An amount equal to the excess of (x) the actuarial equivalent of the benefit under the Sunoco,
Inc. Retirement Plan or any successor defined benefit pension plan (the “Retirement Plan”) (utilizing actuarial assumptions no less favorable to the Participant than those in effect under the Retirement Plan immediately prior to the Change
in Control) and any excess or supplemental retirement plan, including, without limitation, the Sunoco, Inc. Executive Retirement Plan and the Sunoco, Inc. Pension Restoration Plan, in which the Participant participates (collectively, the
“SERP”) that the Participant would receive if the Participant’s employment continued throughout his/her Benefit Extension Period, assuming for this purpose that all accrued benefits are fully vested and assuming that the
Participant’s compensation in each year of his/her Benefit Extension Period is the Annual Compensation, over (y) the actuarial equivalent of the Participant’s actual benefit (paid or payable), if any, under the Retirement Plan and the
SERP as of the Employment Termination Date (including any additional benefit to which the Participant is entitled under the Retirement Plan or the SERP in connection with the Change in Control). 
 Section 4.2 Executive Severance Benefits. In the event that Benefits are paid under Section 4.1, the Participant shall continue to be
entitled, through the end of his/her Benefit Extension Period, to those employee benefits, based upon the amount of coverage or benefits provided at the Change in Control, listed below: 
 (a) Death benefits in an amount equal to one (1) times the Participant’s annual base salary at the Employment Termination Date (provided,
however, that any supplemental coverages elected under the Sunoco, Inc. Death Benefits Plan (or any similar plan of any of the following: a subsidiary or affiliate which has adopted this Plan; a corporation succeeding to the business of Sunoco,
Inc.; and/or any subsidiary or affiliate, by merger, consolidation or liquidation or purchase of assets or stock or similar transaction) will be discontinued under the terms of such plan or plans); and 
 (b) Medical plan benefits (including dental coverage), with COBRA continuation eligibility beginning as of the end of the Benefit Extension Period,
except as provided hereinbelow at Section 4.3. 
 In each case, when contributions are required of all Executive Resource Employees at
the time of the Participant’s Employment Termination Date, or thereafter, if required of all other active Executive Resource Employees, the Participant shall continue to be responsible for making the required contributions during the Benefit
Extension Period in order to be eligible for the coverage. The Participant also shall be entitled to reasonable outplacement services during 

  

 9 

 
the Benefit Extension Period, at no cost to the Participant (but only to the extent such services are provided no later than the end of the second calendar
year following the year of the Participant’s Employment Termination Date and are paid for directly by the Company no later than the end of the third calendar year following the year of the Participant’s Termination Date), from an
experienced third-party vendor selected by the Committee and consistent with vendors used in connection with the Sunoco, Inc. Involuntary Termination Plan immediately before the Change in Control. 
 Section 4.3 Special Medical Benefit. In the event Benefits are paid to the Participant under Section 4.1: 
 (a) A Participant who was employed by the Company on January 1, 2008, and who was fifty (50) or more years of age on January 1, 2008, with
a minimum of ten (10) years of Company Service on the Employment Termination Date, shall have medical (but not dental) benefits available under the same terms and conditions as other employees not yet eligible for Medicare coverage who retire
under the terms of a Company retirement plan. 
 (b) Participant who (i) was fifty (50) or more years of age on the Employment
Termination Date, and (ii) was not employed by the Company on January 1, 2008, or was not fifty (50) or more years of age on January 1, 2008, or has fewer than ten (10) years of Company Service on the Employment Termination
Date, shall be eligible to receive Company medical plan benefits (excluding dental coverage) following the Benefit Extension Period, at a cost to any such Participant that is equal to the full premium cost of such coverage. 
 Subject to modification or termination of such medical benefits as generally provided to other employees not yet eligible for Medicare coverage who retire under the
terms of the Company’s retirement plan(s), such benefits shall continue until such time as the Participant becomes first eligible for Medicare, or the Participant voluntarily cancels coverage, whichever is earlier. 
 Section 4.4 Retirement and Savings Plans. This Plan shall not govern and shall in no way affect the Participant’s interest in, or
entitlement to benefits under, any of the Company’s “qualified” or supplemental retirement plans, and, except to the extent specifically provided in Section 4.1(c), payments received under any such plans shall not affect a
Participant’s right to any Benefit hereunder. 
 Section 4.5 Minimum Benefit; Effect of Executive Involuntary Severance
Plan. 
 (a) Notwithstanding the provisions of Sections 4.1, 4.2 and 4.3 hereof, the Benefits available under those Sections of this Plan
shall not be less than those determined in accordance with the provisions of the Sunoco, Inc. Special Employee Severance Plan. If the 

  

 10 

 
Participant determines that the benefits under the Sunoco, Inc. Special Employee Severance Plan are more valuable to the Participant than the comparable
Benefits set forth in Sections 4.1, 4.2 and 4.3 of this Plan, then the provisions used to calculate the Benefits available to the Participant under this Plan shall not apply, and the Benefits available to the Participant under Sections 4.1, 4.2 and
4.3 of this Plan shall be calculated using only Sections 4.1 and 4.2 of the Sunoco, Inc. Special Employee Severance Plan, as if such Sections 4.1 and 4.2 were a part of this Plan. 
 (b) If a Participant is or becomes entitled to receive severance benefits under both the Involuntary Plan and Sections 4.1, 4.2 and/or 4.3 of this Plan,
then the following rules shall apply, notwithstanding any other provision of this Plan nor any provision of the Involuntary Plan. If and to the extent such benefits become payable under the Involuntary Plan before such benefits become payable under
this Plan, the Participant shall receive benefits under the Involuntary Plan until the benefits under this Plan become payable, and the benefits under this Plan shall be offset by the comparable benefits previously paid under the Involuntary Plan.
If such benefits under this Plan become payable simultaneously with or before such benefits under the Involuntary Plan, the Participant shall not be entitled to any benefits under the Involuntary Plan. 
 Section 4.6 Effect on Other Benefits. There shall not be drawn from the continued provision by the Company of any of the aforementioned
Benefits any implication of continued employment or of continued right to accrual of retirement benefits under the Company’s qualified or supplemental retirement plans, nor shall a terminated employee, except as otherwise provided under the
terms of the Plan, accrue vacation days, paid holidays, paid sick days or other similar benefits normally associated with employment for any part of the Benefit Extension Period during which benefits are payable under this Plan. A Participant shall
have no duty to mitigate with respect to Benefits under this Plan by seeking or accepting alternative employment. Further, the amount of any payment or benefit provided for in this Plan shall not be reduced by any compensation earned by the
Participant as the result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Participant to the Company, or otherwise. 
 Section 4.7 Parachute Payments. 
 (a) Anything in this Plan to the contrary notwithstanding and except as set forth below, in the event it shall be determined that any Payment would be subject to the Excise Tax, then the Participant shall be entitled to receive an
additional payment (a “Gross-Up Payment”) in 

  

 11 

 
an amount such that after payment by the Participant of all taxes (including any interest or penalties imposed with respect to such taxes), including,
without limitation, any income taxes (and any interest and penalties imposed with respect thereto) and Excise Tax imposed upon the Gross-Up Payment, but excluding any income taxes and penalties imposed pursuant to Section 409A of the Code, the
Participant retains an amount of the Gross-Up Payment equal to the Excise Tax imposed upon the Payments. Notwithstanding the foregoing provisions of this Section 4.7(a), if it shall be determined that any Participant is entitled to a Gross-Up
Payment, but that the Parachute Value of all Payments does not exceed 110% of the Safe Harbor Amount, then no Gross-Up Payment shall be made to the Participant and the amounts payable under this Plan shall be reduced so that the Parachute Value of
all Payments, in the aggregate, equals the Safe Harbor Amount. The reduction of the amounts payable hereunder, if applicable, shall be made by reducing the payments and benefits under the following sections in the following order:
(i) Section 4.1(b) and 4.1(c). For purposes of reducing the Payments to the Safe Harbor Amount, only amounts payable under this Plan (and no other Payments) shall be reduced. If the reduction of the amount payable under this Plan would not
result in a reduction of the Parachute Value of all Payments to the Safe Harbor Amount, no amounts payable under the Plan shall be reduced pursuant to this Section 4.7(a). Sunoco, Inc.’s obligation to make Gross-Up Payments under this
Section 4.7 shall not be conditioned upon the Participant’s termination of employment. 
 (b) Subject to the provisions of
Section 4.7(c), all determinations required to be made under this Section 4.7, including whether and when a Gross-Up Payment is required and the amount of such Gross-Up Payment and the assumptions to be utilized in arriving at such
determination, shall be made by Ernst & Young LLP or such other nationally recognized certified public accounting firm as may be designated by the Participant (the “Accounting Firm”) which shall provide detailed supporting
calculations both to Sunoco, Inc. and the Participant within 15 business days of the receipt of notice from the Participant that there has been a Payment, or such earlier time as is requested by Sunoco, Inc. All fees and expenses of the Accounting
Firm shall be borne solely by Sunoco, Inc. Any determination by the Accounting Firm shall be binding upon Sunoco, Inc. and the Participant. As a result of the uncertainty in the application of Section 4999 of the Code at the time of the initial
determination by the Accounting Firm hereunder, it is possible that Gross-Up Payments which will not have been made by Sunoco, Inc. should have been made (“Underpayment”), consistent with the calculations required to be made hereunder. In
the event that Sunoco, Inc. exhausts its remedies pursuant to Section 4.7(c) and the 

  

 12 

 
Participant thereafter is required to make a payment of any Excise Tax, the Accounting Firm shall determine the amount of the Underpayment that has occurred
and any such Underpayment shall be promptly paid by Sunoco, Inc. to or for the benefit of the Participant. 
 (c) The Participant shall
notify Sunoco, Inc. in writing of any claim by the Internal Revenue Service that, if successful, would require the payment by Sunoco, Inc. of the Gross-Up Payment. Such notification shall be given as soon as practicable but no later than ten
business days after the Participant is informed in writing of such claim and shall apprise Sunoco, Inc. of the nature of such claim and the date on which such claim is requested to be paid. The Participant shall not pay such claim prior to the
expiration of the 30-day period following the date on which it gives such notice to Sunoco, Inc. (or such shorter period ending on the date that any payment of taxes with respect to such claim is due). If Sunoco, Inc. notifies the Participant in
writing prior to the expiration of such period that it desires to contest such claim, the Participant shall: 
 (i) give Sunoco, Inc. any
information reasonably requested by Sunoco, Inc. relating to such claim, 
 (ii) take such action in connection with contesting such claim as
Sunoco, Inc. shall reasonably request in writing from time to time, including, without limitation, accepting legal representation with respect to such claim by an attorney reasonably selected by Sunoco, Inc., 
 (iii) cooperate with Sunoco, Inc. in good faith in order effectively to contest such claim, and 
 (iv) permit Sunoco, Inc. to participate in any proceedings relating to such claim; 
 provided, however, that Sunoco, Inc. shall bear and pay directly all costs and expenses (including additional interest and penalties) incurred in connection with such contest and shall indemnify and hold the
Participant harmless, on an after-tax basis, for any Excise Tax or income tax (including interest and penalties with respect thereto) imposed as a result of such representation and payment of costs and expenses. Without limitation on the foregoing
provisions of this Section 4.7(c), Sunoco, Inc. shall control all proceedings taken in connection with such contest and, at its sole option, may pursue or forgo any and all administrative appeals, proceedings, hearings and conferences with the
taxing authority in respect of such claim and may, at its sole option, either pay the tax claimed to the appropriate taxing authority on behalf of the Participant and direct the Participant to sue for a refund or contest the claim in any permissible
manner, and the Participant agrees to prosecute such contest to a determination 

  

 13 

 
before any administrative tribunal, in a court of initial jurisdiction and in one or more appellate courts, as Sunoco, Inc. shall determine; provided,
however, that if Sunoco, Inc. pays such claim and directs the Participant to sue for a refund, Sunoco, Inc. shall indemnify and hold the Participant harmless, on an after-tax basis, from any Excise Tax or income tax (including interest or penalties
with respect thereto) imposed with respect to such payment or with respect to any imputed income in connection with such payment; and further provided that any extension of the statute of limitations relating to payment of taxes for the taxable year
of the Participant with respect to which such contested amount is claimed to be due is limited solely to such contested amount. Furthermore, Sunoco, Inc.’s control of the contest shall be limited to issues with respect to which a Gross-Up
Payment would be payable hereunder and the Participant shall be entitled to settle or contest, as the case may be, any other issue raised by the Internal Revenue Service or any other taxing authority. 
 (d) If, after the receipt by the Participant of a Gross-Up Payment or payment by Sunoco, Inc. of an amount on any Participant’s behalf pursuant to
Section 4.7(c), the Participant becomes entitled to receive any refund with respect to the Excise Tax to which such Gross-Up Payment relates or with respect to such claim, the Participant shall (subject to Sunoco, Inc.’s complying with the
requirements of Section 4.7(c) to the extent applicable) promptly pay to Sunoco, Inc. the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after payment by Sunoco, Inc. of an amount
on any Participant’s behalf pursuant to Section 4.7(c), a determination is made that the Participant shall not be entitled to any refund with respect to such claim and Sunoco, Inc. does not notify the Participant in writing of its intent
to contest such denial of refund prior to the expiration of 30 days after such determination, then the amount of such payment shall offset, to the extent thereof, the amount of any Gross-Up Payment required to be paid. 
 (e) Any Gross-Up Payment, as determined pursuant to this Section 4.7, shall be paid by Sunoco, Inc. to a Participant within five days of the receipt
of the Accounting Firm’s determination; provided that, the Gross-Up Payment shall in all events be paid no later than the end of a Participant’s taxable year next following the Participant’s taxable year in which the Excise Tax
(and any income or other related taxes or interest or penalties thereon) on a Payment are remitted to the Internal Revenue Service or any other applicable taxing authority or, in the case of amounts relating to a claim described in
Section 4.7(c) that does not result in the remittance of any federal, state, local and foreign income, excise, social security and other taxes, the calendar year in which the claim is finally settled or otherwise resolved. 
  

 14 

 Notwithstanding any other provision of this Section 4.7, Sunoco, Inc. may withhold and pay over to the Internal
Revenue Service or any other applicable taxing authority for the benefit of the Participant all or any portion of the Gross-Up Payment that it determines in good faith that it is or may be in the future required to withhold, and the Participant
hereby consents to such withholding. 
 (f) Definitions. The following terms shall have the following meanings for purposes of this
Section 4.7. 
 (i) “Excise Tax” shall mean the excise tax imposed by Section 4999 of the Code, together with any
interest or penalties imposed with respect to such excise tax. 
 (ii) “Parachute Value” of a Payment shall mean the present value
as of the date of the change of control for purposes of Section 280G of the Code of the portion of such Payment that constitutes a “parachute payment” under Section 280G(b)(2), as determined by the Accounting Firm for purposes of
determining whether and to what extent the Excise Tax will apply to such Payment. 
 (iii) A “Payment” shall mean any payment or
distribution in the nature of compensation (within the meaning of Section 280G(b)(2) of the Code) to or for the benefit of the Participant, whether paid or payable pursuant to this Plan or otherwise. 
 (iv) The “Safe Harbor Amount” means 2.99 times the Participant’s “base amount,” within the meaning of Section 280G(b)(3) of
the Code. 
 (v) “Value” of a Payment shall mean the economic present value of a Payment as of the date of the change of control
for purposes of Section 280G of the Code, as determined by the Accounting Firm using the discount rate required by Section 280G(d)(4) of the Code. 
 Section 4.8 Legal Fees and Expenses. The Company also shall pay to the Participant (or the Participant’s representative) all legal fees and expenses incurred by or with respect to the Participant
during his lifetime or within ten (ten) years after his death: 
 (a) in disputing in good faith any issue relating to the termination of the
Participant’s employment in connection with a Change in Control as a result of a Qualifying Termination entitling the Participant to Benefits under this Plan (including a termination of employment if the Participant alleges in good faith that
such termination will be or is a Qualifying Termination pursuant to Section 1.31(c)); or 
 (b) in seeking in good faith to obtain or
enforce any benefit or right provided by this Plan (or the payment of any Benefits through any trust established to fund Benefits under 

  

 15 

 
this Plan). 
 Such payments shall be made as
such fees and expenses are incurred by the Participant (or the Participant’s representative), but in no event later than five (5) business days after delivery of the Participant’s (or Participant’s representative’s) written
requests for payment accompanied with such evidence of fees and expenses incurred as the Company reasonably may require. Notwithstanding the forgoing sentence, all such payments shall be made on or before the close of the calendar year following the
calendar year in which the expense was incurred. The amount of expenses eligible for reimbursement under this provision in one calendar year may not affect the amount of expenses eligible for reimbursement under this provision in any other calendar
year. The Participant (or Participant’s representative) shall reimburse the Company for such fees and expenses at such time as a court of competent jurisdiction, or another independent third party having similar authority, determines that the
Participant’s claim was frivolously brought without reasonable expectation of success on the merits thereof. 
 ARTICLE V 
 METHOD AND DURATION OF BENEFIT PAYMENTS 
 Section 5.1 Method of Payment. The cash Benefits to which a Participant is entitled, as determined pursuant to Article IV hereof, shall be paid in a lump sum. Payment shall be made by mailing to the last address provided by the
Participant to the Company. In general, payment shall be made within fifteen (15) days after the Participant’s Employment Termination Date but in no event later than thirty (30) days thereafter; provided, however, that payment of any
Benefits under any provision of the Plan that are deferred compensation for purposes of Code Section 409A to any Participant who is a specified employee (specified employees being those Participants who are Executive Resource Employees
(employees in Grades 14 and above designated by the Company as members of the Company’s Executive Resource group), pursuant to the election of an alternative method specified in Treasury Regulation Sections 1.409A-1(i)(5) and 1.409A-1(i)(8)) (a
“Specified Employee”) shall be paid in a lump sum on the later of the date such payments are due or the date six months after the Participant’s Employee Termination Date. In the event the Company should fail to pay when due the
amounts described in Article IV (determined without regard to the payment delay to Specified Employees required by Code Section 409A), the Participant shall also be entitled to receive from the Company an amount representing interest on any
unpaid or untimely amounts from the due date (determined without regard to the payment delay to Specified Employees required by Code 

  

 16 

 
Section 409A) to the date of payment at a rate equal to the prime rate of Citibank, N.A. as in effect from time to time after such due date. 

Section 5.2 Payments to Beneficiary(ies). Each Executive Resource Employee shall designate a beneficiary(ies) to receive any Benefits due
hereunder in the event of the Participant’s death prior to the receipt of all such Benefits. Such beneficiary designation shall be made in the manner, and at the time, prescribed by the Company in its sole discretion. In the absence of an
effective beneficiary designation hereunder, the Participant’s estate shall be deemed to be his or her designated beneficiary. 
 ARTICLE
VI 
 ADMINISTRATION 
 Section 6.1 Appointment of the Committee. The Committee shall consist of three (3) or more persons appointed by the Compensation Committee. Committee members may be, but need not be, employees of Sunoco, Inc. Following a
Change in Control, the individuals most recently so appointed to serve as members of the Committee before the Change in Control, or successors whom they approve, shall continue to serve as the Committee. 
 Section 6.2 Tenure of the Committee. Before a Change in Control, Committee members shall serve at the pleasure of the Compensation Committee
and may be discharged, with or without cause, by the Compensation Committee. Committee members may resign at any time on ten (10) days’ written notice. 
 Section 6.3 Authority and Duties. It shall be the duty of the Committee, on the basis of information supplied to it by the Company, to determine the eligibility of each Participant for Benefits under the
Plan, to determine the amount of Benefit to which each such Participant may be entitled, and to determine the manner and time of payment of the Benefit consistent with the provisions hereof. In addition, the exercise of discretion by the Committee
need not be uniformly applied to similarly situated Participants. The Company shall make such payments as are certified to it by the Committee to be due to Participants. The Committee shall have the full power and authority to construe, interpret
and administer the Plan, to correct deficiencies therein, and to supply omissions. Except as provided in Section 9.2, all decisions, actions and interpretations of the Committee shall be final, binding and conclusive upon the parties.

 Section 6.4 Action by the Committee. A majority of the members of the Committee shall constitute a quorum for the transaction
of business at a meeting of the Committee. Any action of the Committee may be taken upon the affirmative vote of a majority of the members of the Committee at a meeting, or at the direction of the chairperson, without a meeting by mail, 

  

 17 

 
telegraph, telephone or electronic communication device; provided that all of the members of the Committee are informed of their right to vote on the matter
before the Committee and of the outcome of the vote thereon. 
 Section 6.5 Officers of the Committee. The Compensation Committee
shall designate one of the members of the Committee to serve as chairperson thereof. The Compensation Committee shall also designate a person to serve as Secretary of the Committee, which person may be, but need not be, a member of the Committee.

 Section 6.6 Compensation of the Committee. Members of the Committee shall receive no compensation for their services as such.
However, all reasonable expenses of the Committee shall be paid or reimbursed by the Company upon proper documentation. The Company shall indemnify members of the Committee against personal liability for actions taken in good faith in the discharge
of their respective duties as members of the Committee and shall provide coverage to them under the Company’s Liability Insurance program(s). 
 Section 6.7 Records, Reporting and Disclosure. The Committee shall keep all individual and group records relating to Participants and former Participants and all other records necessary for the proper operation of the Plan. Such
records shall be made available to the Company and to each Participant for examination during business hours except that a Participant shall examine only such records as pertain exclusively to the examining Participant and to the Plan. The Committee
shall prepare and shall file as required by law or regulation all reports, forms, documents and other items required by ERISA, the Internal Revenue Code, and every other relevant statute, each as amended, and all regulations thereunder (except that
the Company, as payor of the Benefits, shall prepare and distribute to the proper recipients all forms relating to withholding of income or wage taxes, Social Security taxes, and other amounts which may be similarly reportable). 
 Section 6.8 Actions of the Chief Executive Officer. Whenever a determination is required of the Chief Executive Officer under the Plan, such
determination shall be made solely at the discretion of the Chief Executive Officer. In addition, the exercise of discretion by the Chief Executive Officer need not be uniformly applied to similarly situated Participants and shall be final and
binding on each Participant or beneficiary(ies) to whom the determination is directed. 
 Section 6.9 Bonding. The Committee
shall arrange any bonding that may be required by law, but no amount in excess of the amount required by law (if any) shall be required by the Plan. 
  

 18 

 ARTICLE VII 
 AMENDMENT AND TERMINATION 
 Section 7.1 Amendment, Suspension and Termination. The
Company, acting through the Board of Directors, retains the right, at any time and from time to time, to amend, suspend or terminate the Plan in whole or in part, for any reason, and without either the consent of or the prior notification to any
Participant. Notwithstanding the foregoing, no such action that is taken after a Change in Control or before, but in connection with, a Change in Control, may terminate or reduce the benefits or prospective benefits of any Participant on the date of
such action without the express written consent of the Participant. No amendment, suspension or termination shall give the Company the right to recover any amount paid to a Participant prior to the date of such action or to cause the cessation and
discontinuance of payments of Benefits to any person or persons under the Plan already receiving Benefits. The Board of Directors shall have the right to delegate its authority and powers hereunder, or any portion thereof, to any committee of the
Board of Directors, and shall have the right to rescind any such delegation in whole or in part. 
 ARTICLE VIII 
 DUTIES OF THE COMPANY 
 Section 8.1 Records. The Company shall supply to the Committee all records and information necessary to the performance of the Committee’s duties. 
 Section 8.2 Payment. The Company shall make payments from its general assets to Participants and shall provide the Benefits described in
Article IV hereof in accordance with the terms of the Plan, as directed by the Committee. 
 ARTICLE IX 
 CLAIMS PROCEDURES 
 Section 9.1
Application for Benefits. Benefits shall be paid by the Company following an event that qualifies the Participant for Benefits. In the event a Participant believes himself/herself eligible for Benefits under this Plan and Benefit payments
have not been initiated by the Company, the Participant may apply for such Benefits by requesting payment of Benefits in writing from the Committee. 
 Section 9.2 Appeals of Denied Claims for Benefits. In the event that any claim for benefits is denied in whole or in part, the Participant (or beneficiary, if applicable) whose claim has been so denied
shall be notified of such denial in writing by the Committee, within thirty (30) days following submission by the Participant (or beneficiary, if applicable) of such claim to the 

  

 19 

 
Committee. The notice advising of the denial shall specify the reason or reasons for denial, make specific reference to pertinent Plan provisions, describe
any additional material or information necessary for the claimant to perfect the claim (explaining why such material or information is needed), and shall advise the Participant of the procedure for the appeal of such denial. All appeals shall be
made by the following procedure: 
 (a) The Participant whose claim has been denied shall file with the Committee a notice of desire to appeal
the denial. Such notice shall be filed within sixty (60) days of notification by the Committee of the claim denial, shall be made in writing, and shall set forth all of the facts upon which the appeal is based. Appeals not timely filed shall be
barred. 
 (b) The Committee shall, within thirty (30) days of receipt of the Participant’s notice of appeal, establish a hearing
date on which the Participant may make an oral presentation to the Committee in support of his/her appeal. The Participant shall be given not less than ten (10) days’ notice of the date set for the hearing. 
 (c) The Committee shall consider the merits of the claimant’s written and oral presentations, the merits of any facts or evidence in support of the
denial of benefits, and such other facts and circumstances as the Committee shall deem relevant. If the claimant elects not to make an oral presentation, such election shall not be deemed adverse to his/her interest, and the Committee shall proceed
as set forth below as though an oral presentation of the contents of the claimant’s written presentation had been made. 
 (d) The
Committee shall render a determination upon the appealed claim, within sixty (60) days of the hearing date, which determination shall be accompanied by a written statement as to the reasons therefor. 
 ARTICLE X 
 MISCELLANEOUS 

Section 10.1 Nonalienation of Benefits. None of the payments, benefits or rights of any Participant shall be subject to any claim of any
creditor, and, in particular, to the fullest extent permitted by law, all such payments, benefits and rights shall be free from attachment, garnishment, trustee’s process, or any other legal or equitable process available to any creditor of
such Participant. No Participant shall have the right to alienate, anticipate, commute, pledge, encumber or assign any of the benefits or payments which he/she may expect to receive, contingently or otherwise, under this Plan. 
 Section 10.2 No Contract of Employment. Neither the establishment of the Plan, nor any modification thereof, nor the creation of any fund,
trust or account, nor the payment of any 

  

 20 

 
benefits shall be construed as giving any Participant, or any person whosoever, the right to be retained in the service of the Company, and all Participants
shall remain subject to discharge to the same extent as if the Plan had never been adopted. 
 Section 10.3 Severability of
Provisions. If any provision of this Plan shall be held invalid or unenforceable, such invalidity or unenforceability shall not affect any other provisions hereof, and this Plan shall be construed and enforced as if such provisions had not been
included. 
 Section 10.4 Successors, Heirs, Assigns, and Personal Representatives. This Plan shall be binding upon the heirs,
executors, administrators, successors and assigns of the parties, including each Participant, present and future. 
 Section 10.5
Headings and Captions. The headings and captions herein are provided for reference and convenience only, shall not be considered part of the Plan, and shall not be employed in the construction of the Plan. 
 Section 10.6 Gender and Number. Except where otherwise clearly indicated by context, the masculine and the neuter shall include the feminine
and the neuter, the singular shall include the plural, and vice-versa. 
 Section 10.7 Unfunded Plan. The Plan shall not be
funded. A Participant’s right to receive payment of Benefits hereunder shall be no greater than the right of any unsecured creditor of the Company. The Company may, but shall not be required to, set aside or earmark an amount necessary to
provide the Benefits specified herein (including the establishment of trusts). In any event, no Participant shall have any right to, or interest in, any assets of the Company which may be applied by the Company to the payment of Benefits except as
may be provided pursuant to the terms of any trust established by the Company to provide Benefits. 
 Section 10.8 Payments to
Incompetent Persons, Etc. Any Benefit payable to or for the benefit of a minor, an incompetent person or other person incapable of receipting therefor shall be deemed paid when paid to such person’s guardian or to the party providing or
reasonably appearing to provide for the care of such person, and such payment shall fully discharge the Company, the Committee and all other parties with respect thereto. 
 Section 10.9 Lost Payees. A Benefit shall be deemed forfeited if the Committee is unable to locate a Participant to whom a Benefit is due. Such Benefit shall be reinstated if application is made by the
Participant for the forfeited Benefit while this Plan is in operation. 
 Section 10.10 Controlling Law. This Plan shall be
construed and enforced according to the laws of the Commonwealth of Pennsylvania to the extent not preempted by federal law. 
  

 21 

 Section 10.11 Successor Employer. The Company shall require any successor or assignee,
whether direct or indirect, by purchase, merger, consolidation or otherwise, to all or substantially all the business or assets of the Company, expressly and unconditionally to assume and agree to perform the Company’s obligations under this
Plan, in the same manner and to the same extent that the Company would be required to perform if no such succession or assignment had taken place. In such event, the term “Company” shall mean the Company and any successor or assignee to
the business or assets which by reason hereof becomes bound by the terms and provisions of this Plan. 
  

 22

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00137-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00137-of-00352.parquet"}]]