Document:

ExxonMobil Additional Payments Plan.

 Exhibit 10(iii)(c.3) 
  
 EXXONMOBIL ADDITIONAL PAYMENTS PLAN 
  
 (Including Key Employee Additional Payments Plan) 
  
 Edition of March 1, 2000 
  
 1. Purpose 
  
 The purpose of this Plan is to provide additional payments from the general assets of Exxon Mobil Corporation (the “Corporation”) to certain persons. For an
individual participant, the benefit payable under this Plan consists of up to three parts. The first part is a benefit based upon the person’s final average incentive compensation (“Incentive Pension Benefit”). The second part is the
payment of an additional disability benefit (“Disability Retirement Benefit”). The third part is a makeup benefit based upon certain benefits otherwise promised but not received under a pension plan sponsored by a non-U.S. affiliate of the
Corporation (“Overseas Makeup Benefit”). 
  
 2.
Incentive Pension Benefits 
  

	2.1	Eligibility 

  
 A person is eligible to receive Incentive Pension Benefits only if the person satisfies at least one of the following requirements: 
  

	 	(A)	the person becomes a retiree within the meaning of the ExxonMobil Common Provisions (“retiree”); 

  

	 	(B)	the person terminates employment without becoming a retiree and 

  

	 	(1)	is at least 50 years old by the end of the month in which the termination of employment occurs; 

  

	 	(2)	has at least 10 years of benefit plan service (as determined under the ExxonMobil Common Provisions) at the time of the termination of employment; and 

  

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	 	(3)	receives a benefit under the Exxon Transition Severance Plan; or, 

  

	 	(C)	in the case of an individual who after terminating employment from the Corporation or any of its affiliates continues employment with Infineum USA Inc. or one of its affiliates
(collectively, “Infineum”), becomes a qualified plans retiree within the meaning of the ExxonMobil Common Provisions (“qualified plans retiree”). 

  
 Paragraph (B) above shall expire automatically and be of no further effect after nine months from the date of the merger of
Exxon Corporation and Mobil Corporation. If, however, the merger date is other than the first day of a month, paragraph (B) shall expire as of the end of the month in which the nine-month anniversary of the merger date occurs. 
  

	2.2	Benefit Formula 

  

	 	(A)	in General 

  
 Except as provided in section 2.3 below with respect to former Mobil employees, as defined in the ExxonMobil Common Provisions, (“Former Mobil
Employees”) the amount of a person’s Incentive Pension Benefits is determined by multiplying 1.6% of the person’s final average incentive compensation by the person’s years of pensionable service as determined under the
ExxonMobil Pension Plan, reduced, but not below zero, by the equivalent amount, if any, determined with respect to the person under the ExxonMobil Key Employee Additional Payments Plan. The amount so derived is an annual benefit which is divided by
12 and paid to the person in a monthly five-year certain and life annuity. 
  

	 	(B)	Final Average Incentive Compensation 

  
 For the purposes of paragraph (A) above, a person’s “final average incentive compensation” shall be determined in accordance with this
paragraph (B). 
  

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	 	(1)	Calculation 

  

	 	(a)	In General 

  
 If a person’s eligibility for Incentive Pension Benefits arises from section 2.1(A) or (B) above, the person’s final average incentive
compensation is the average of the person’s three highest annual bonus awards (including awards of zero, if any) under the Corporation’s Incentive Programs awarded on any of the five most recent annual award dates immediately preceding the
person’s termination of employment. 
  

	 	(b)	Corporate Acquisitions 

  
 For purposes of applying paragraph (A) above to a person who commences employment with the Corporation or one of its affiliates in connection with a
corporate acquisition, incentive compensation paid by the person’s former employer that is the equivalent of bonus awards payable under the Corporation’s Incentive Program may be taken into account as determined by the management of the
Corporation in its sole discretion. Management shall have the discretion to exclude any and all prior employer compensation for purposes of this paragraph (b). 
  

	 	(2)	Infineum Participants 

  
 If a person’s eligibility for Incentive Pension Benefits arises from Section 2.1(C) above, the person’s final average incentive compensation is
the sum of the three highest annual bonus awards under the Corporation’s Incentive Programs, if any, during the five-year period immediately prior to the person’s termination of employment from Infineum, divided by three. 
  

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	 	(3)	Annual Bonus Award 

  

	 	(a)	Items Used in Calculation 

  
 For purposes of this paragraph (B), in determining the amount of a person’s annual bonus award, only awards granted under the short-term incentive
part of the Incentive Programs as cash, unrestricted shares of stock, and bonus units are considered. 
  

	 	(b)	Item Excluded From Calculation 

  
 For purposes of this paragraph (B), in determining the amount of a person’s annual bonus award, an award to a person characterized by the granting
authority as a special one-time bonus is disregarded, unless deemed specifically includable by the granting authority at the time of grant. 
  

	 	(c)	Calculation of Annual Bonus Award 

  
 If an annual bonus award is granted as unrestricted shares of stock, the fair market value of such stock at the time of the award shall be used in
calculating the value of the award. If an annual bonus award is granted as bonus units, the maximum settlement value obtainable at the time of the grant shall be used in calculating the value of the award. 
  

	2.3	Benefit Formula for Former Mobil Employee 

  

	 	(A)	In General 

  
 Incentive Pension Benefits for Former Mobil Employees who retire with eligibility for Incentive Pension Benefits under section 2.1 above shall be
determined under this section 2.3. The amount of a person’s Incentive Pension Benefit calculated under this section 2.3 is the smaller of 
  

	 	(1)	the amount of the person’s Incentive Pension Benefit otherwise determined under section 2.2 above based on all of the person’s pensionable service under the ExxonMobil
Pension Plan, or 

  

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	 	(2)	the amount determined by first calculating the person’s Overall Benefit Objective under paragraph (B) below, then subtracting therefrom the person’s Qualified Benefit
Objective calculated under paragraph (C) below and the person’s nonqualified PSSP benefit, if any, determined under paragraph (D) below. 

  
 The resulting amount is expressed as a monthly five-year certain and life annuity. 
  

	 	(B)	Overall Benefit Objective 

  

	 	(1)	In General 

  
 A person’s Overall Benefit Objective is the greater of 
  

	 	(a)	the sum of the person’s Mobil Benefit described in paragraph (2) below and the person’s Post-Mobil Benefit described in paragraph (3) below, or 

 

	 	(b)	the person’s Overall ExxonMobil Benefit described in paragraph (4) below. 

  

	 	(2)	Mobil Benefit 

  
 A person’s Mobil Benefit is the person’s accrued benefit under the Retirement Plan of Mobil Oil Corporation and the Supplemental Pension and
Annuity Program of Mobil Oil Corporation up through the date the person becomes a participant in the ExxonMobil Pension Plan, based on service and compensation up through the date the person becomes a participant in the ExxonMobil Pension Plan.

  

	 	(3)	Post-Mobil Benefit 

  
 A person’s Post-Mobil Benefit is the person’s accrued benefit described in paragraph (4) below based only on the person’s pensionable
service after the person becomes a participant in the ExxonMobil Pension Plan. 
  

	 	(4)	Overall ExxonMobil Benefit 

  
 A person’s Overall ExxonMobil Benefit is the sum of 
  

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	 	(a)	the person’s accrued benefit under the ExxonMobil Pension Plan (including the Pre-Social Security Pension benefit) without any application of the limits under Code section 415
or 401(a)(17), and 

  

	 	(b)	the amount of the person’s Incentive Pension Benefit otherwise determined under section 2.2 above, 

  
 based on all of the person’s pensionable service under the ExxonMobil Pension Plan. 
  

	 	(5)	Rules for Calculation 

  
 In calculating a person’s Mobil Benefit, Post-Mobil Benefit and Overall ExxonMobil Benefit, the Plan administrator shall apply rules similar to
those contained in section 2.7 of the ExxonMobil Pension Plan for purposes of calculating the person’s frozen Mobil benefit, post-Mobil benefit, and ExxonMobil benefit, respectively. 
  

	 	(C)	Qualified Benefit Objective 

  
 A person’s Qualified Benefit Objective is the person’s accrued benefit under the ExxonMobil Pension Plan, including the person’s
Pre-Social Security Pension. 
  

	 	(D)	Nonqualified PSSP Benefit 

  
 A person’s Nonqualified PSSP Benefit is the excess, if any, of 
  

	 	(1)	the amount of the person’s Pre-Social Security Pension benefit calculated in connection with the person’s Overall Benefit Objective under paragraph (B) above, over

  

	 	(2)	the amount of the person’s Pre-Social Security Pension benefit or the equivalent thereof under Part 2 of the ExxonMobil Pension Plan calculated in connection with the
person’s Qualified Benefit Objective under paragraph (C) above. 

  

	 	(E)	Plan Administrator Discretion 

  
 The procedure for calculating the Incentive Pension Benefit for former Mobil employees under this section 2.3, including the calculation of the

  

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 benefit comparisons, offsets and reductions, shall be determined in the sole and exclusive discretion of
the Plan Administrator. To the extent applicable, the Plan Administrator shall follow the procedures established under the ExxonMobil Pension Plan for performing similar benefit calculations. 
  

	2.4	Lapse of Incentive Pension Benefit 

  
 The portion of any Incentive Pension Benefit deriving from a provisionally granted bonus that is subsequently annulled lapses as of the date of such
annulment. 
  
 3. Disability Retirement Benefit 

 

	3.1	Eligibility 

  
 If a person who becomes a retiree also becomes entitled to long-term disability benefits under the ExxonMobil Disability Plan, the person then receives
monthly Disability Retirement Benefits under this Plan. 
  

	3.2	Benefit Formula 

  
 The amount of each monthly Disability Retirement Benefit payable to a person is determined by dividing one-half of the person’s final average
incentive compensation, determined under section 2.2(B) above, by 12 and deducting therefrom the normal form amount of any Incentive Pension Benefit or Overseas Makeup Benefit that the person has commenced receiving under this Plan. 
  

	3.3	Period of Payment 

  
 Payment of monthly Disability Retirement Benefits under this Plan shall commence at the time long-term disability benefits commence under the Disability
Plan and shall continue as long as entitlement to long-term disability or transition benefits under the Disability Plan occurs. 
  

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 4. Overseas Makeup Benefit 
  

	4.1	Eligibility 

  
 A person is eligible to receive an Overseas Makeup Benefit if the following conditions are met as determined by the Plan Administrator: 
  

	 	(A)	the person accrues a benefit under a pension plan (“non-U.S. plan”) sponsored by a non-U.S. affiliate of the Corporation; 

  

	 	(B)	the person terminates active participation in the non-U.S. plan and simultaneously becomes a participant in the ExxonMobil Pension Plan or predecessor plan;

  

	 	(C)	as a result of terminating active participant status under the non-U.S. plan, the person loses eligibility for all or a portion of the benefit under the non-U.S. plan accrued prior
to termination; and 

  

	 	(D)	the amount of the lost benefit is not provided under the terms of the ExxonMobil Pension Plan, the ExxonMobil Supplemental Pension Plan, or otherwise under this Plan.

  

	4.2	Benefit Formula 

  
 The amount of the Overseas Makeup Benefit is the amount, expressed as a monthly benefit in the form of a five-year certain and life annuity, that is the
actuarial equivalent of the lost benefit under the non-U.S. plan. Such amount shall be conclusively determined by the Plan Administrator. 
  
 5. Payment of Benefits 
  

	5.1	Commencement of Benefits 

  

	 	(A)	In General 

  
 Payments under this Plan, other than Disability Retirement Payments, occur at the same time as payments under the ExxonMobil Pension Plan commence.

  

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	 	(B)	Reduction for Early Commencement 

  
 If payments under this Plan, other than Disability Retirement Payments, commence prior to the month in which the person reaches age 65, they are reduced
by applying the early commencement factors applicable to the person’s pension benefit under the ExxonMobil Pension Plan. For all actuarial purposes, this monthly amount paid as a five-year certain life annuity is deemed the normal form amount.

  

	5.2	Form of Payment 

  

	 	(A)	In General 

  
 Payments under this Plan, other than Disability Retirement Payments and payments to designated beneficiaries, are made normally in the form of a
five-year certain life annuity, but, in the sole discretion of the Corporation, may be made in any other form that is not greater than the actuarial equivalent of the normal form amount. 
  

	 	(B)	Determination of Actuarial Equivalency 

  
 For purposes of paragraph (A) above, actuarial equivalence is determined by the Plan Administrator using factors used for comparable determinations under
the ExxonMobil Pension Plan. 
  

	5.3	Offset for Similar Benefits 

  
 If a participant under this Plan is also entitled to payments comparable to the Incentive Retirement Payments or the Disability Retirement Payments for
any portion of the same years of pensionable service under a plan of a service-oriented employer, as defined in the ExxonMobil Common Provisions, other than the Corporation, the amount of the Incentive Retirement Payments or Disability Retirement
Payments is reduced by the respective amount of such comparable payments. In any given case, the Plan Administrator may determine the precise amount of this offset and if a conversion of currency computation is required, may follow the process
established under the ExxonMobil Pension Plan. 
  

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 6. Death Benefits 
  

	6.1	In General 

  
 If a person dies who is described in section 6.2 below, the person’s beneficiary (as determined under article 7 below) shall receive a death benefit
described in section 6.3 below. 
  

	6.2	Eligibility 

  
 A person is described in this section 6.2 if, at the time of the person’s death, the person 
  

	 	(A)	was an active employee with 15 or more years of Benefit Plan Service, as determined under the ExxonMobil Common Provisions, or 

  

	 	(B)	had retired with eligibility for Incentive Pension Payments or Mobil Wraparound Payments under this Plan and had not commenced receiving such payments. 

  

	6.3	Death Benefit 

  

	 	(A)	In General 

  
 If a person described in section 6.2 above dies as an employee or as a retiree without eligibility for Disability Retirement Payments, the death benefit
payable to the person’s beneficiary shall be the sum of the following: 
  

	 	(1)	the lump-sum equivalent value of the person’s Incentive Retirement Payments, Overseas Makeup Payments and/or Mobil Wraparound Payments to which the person was or would have
been entitled, plus 

  

	 	(2)	the lump-sum equivalent value of 60 monthly Disability Retirement Payments determined under article 3 above, calculated as if the person had become eligible for such payments on the
day prior to death and had commenced his or her Incentive Retirement Payments, Overseas Makeup Payments and/or Mobil Wraparound Payments on such date. 

  

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	 	(B)	Death After Commencement of Disability Retirement Payments 

  
 If a person described in section 6.2 above dies as a retiree while receiving Disability Retirement Payments but before the receipt of 60 monthly
Disability Retirement Payments, the death benefit payable to the person’s beneficiary shall be the sum of the following: 
  

	 	(1)	the lump-sum equivalent value of the person’s Incentive Retirement Payments, Overseas Makeup Payments and/or Mobil Wraparound Payments to which the person was or would have
been entitled, plus 

  

	 	(2)	the lump-sum equivalent value of the remaining 60 monthly Disability Retirement Payments, calculated as if the person had commenced his or her Incentive Retirement Payments or Mobil
Wraparound Payments on the date of death. 

  
 7.
Beneficiaries 
  

	7.1	Designation of Beneficiaries 

  
 A person may name one or more designated beneficiaries to receive payment of the benefits payable under this Plan under article 6 above in the event of
the person’s death. Beneficiary designations shall be made in accordance with such procedures as the Plan Administrator may establish. Spousal consent to any such designation is not required. 
  

	7.2	Default Beneficiaries 

  

	 	(A)	In General 

  
 If no specific designation is in effect, the deceased’s beneficiary is the person or persons in the first of the following classes of successive
beneficiaries living at the time of death of the deceased: 
  

	 	(1)	spouse; 

  

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	 	(2)	children who survive the deceased or who die before the deceased leaving children of their own who survive the deceased; 

  

	 	(3)	parents; 

  

	 	(4)	brothers and sisters who survive the deceased or who die before the deceased leaving children of their own who survive the deceased. 

  
 If there are no members of any class of such beneficiaries, payment is made
to the deceased’s executors or administrators. 
  

	 	(B)	Allocation Among Default Beneficiaries 

  
 If the same class of beneficiaries under paragraph (A) above contains two or more persons, they share equally, with further subdivision of such equal
shares as next provided. In class (2), where a child dies before the deceased leaving children who survive the deceased, such child’s share is subdivided equally among those children. In class (4), where a brother or sister dies before the
deceased leaving children who survive the deceased, such brother or sister’s share is subdivided equally among those children. 
  

	 	(C)	Definitions 

  
 For purposes of this section 7.2, “child” means a person’s son or daughter by legitimate blood relationship or legal adoption;
“parent” means a person’s father or mother by legitimate blood relationship or legal adoption; “brother” or “sister” means another child of either or both of one’s parents. 
  
 8. Miscellaneous 
  

	8.1	Plan Administrator 

  
 The Plan Administrator shall be the Manager, Executive Programs, Human Resources Department, Exxon Mobil Corporation. The Plan Administrator shall 

  

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have the right and authority to conclusively interpret this Plan for all purposes, including the determination of any person’s eligibility for benefits
hereunder. 
  

	8.2	Nature of Payments 

  
 Payments provided under this Plan are considered general obligations of the Corporation. 
  

	8.3	Assignment or Alienation 

  
 Except as provided in section 8.5 below, payments provided under this Plan may not be assigned or otherwise alienated or pledged. 
  

	8.4	Amendment or Termination 

  
 The Corporation reserves the right to amend or terminate this Plan, in whole or in part, including the right at any time to reduce or eliminate any
accrued benefits hereunder and to alter or amend the benefit formula set out herein. 
  

	8.5	Forfeiture Of Benefits 

  
 No person shall be entitled to receive payments under this Plan, and any payments received under this Plan shall be forfeited and returned, if it is
determined by the Corporation in its sole discretion, acting through its chief executive or such person or committee as the chief executive may designate, that a person otherwise entitled to a payment under this Plan or who has commenced receiving
payments under this Plan: 
  

	 	(A)	engaged in gross misconduct harmful to the Corporation, 

  

	 	(B)	committed a criminal violation harmful to the Corporation, 

  

	 	(C)	had concealed actions described in (A) or (B) above which would have brought about termination from employment thereby making the person ineligible for benefits under this Plan,

  

	 	(D)	terminated employment prior to attaining age 65 without having received from the Corporation or its delegatee prior written approval for such termination, given in the sole
discretion of the Corporation or its delegatee and in the context of recognition that benefits under this Plan would not be forfeited upon such termination, or 

  

	 	(E)	had been terminated for cause. 

  

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 KEY EMPLOYEE ADDITIONAL PAYMENTS PLAN 
  
 K1. Purpose 
  
 This Plan provides additional payments from the general assets of Exxon Mobil Corporation (“Corporation”) to certain persons who as of December
31, 1993, 
  

	(A)	were classified at level 36 or above, 

  

	(B)	were age 55 and above, and 

  

	(C)	were eligible to retire with “annuitant status” under the Benefit Plan of Exxon Corporation and Participating Affiliates as it existed on such date.

  
 The amount of these additional payments shall be a function of
the person’s final average incentive compensation as determined in accordance with this Plan. 
  
 K2. Benefits 
  

	K2.1	Benefit Formula 

  
 Additional payments under this Plan shall be determined by multiplying 1.6% of the person’s final average incentive compensation determined under
section K2.2 below by the person’s years of pensionable service as of December 31, 1993, as determined under the ExxonMobil Pension Plan (or predecessor plan). The amount so derived is an annual benefit which shall be divided by twelve and paid
to the person monthly for life with 60 monthly payments guaranteed. 
  

	K2.2	Final Average Incentive Compensation 

  

	 	(A)	In General 

  
 For the purposes of this Plan final average incentive compensation shall be the average of the three highest annual bonus awards to the person under the
Corporation’s Incentive Programs during the five year period ending on December 31, 1993. In determining the amount of a person’s annual bonus award only awards granted under the short-term incentive 

  

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part of the Incentive Programs as cash, unrestricted shares of stock using the fair market value at the time of award, and bonus units using the maximum
settlement value obtainable at the time of grant shall be considered. 
  

	 	(B)	One-Time Bonuses 

  
 For purposes of paragraph (A) above, an award to a person characterized by the granting authority as a special one-time bonus will be disregarded, unless
deemed specifically includable by the granting authority at the time of grant. 
  

	K2.3	Non-Forfeitability 

  
 A participant in this Plan shall have a non-forfeitable right to the amount of additional payments calculated under this Plan. 
  
 K3. Payment of Benefits 
  

	K3.1	Commencement of Benefits 

  

	 	(A)	In General 

  
 Additional payments under this Plan shall be made at the same time as payments under the ExxonMobil Pension Plan commence. 
  

	 	(B)	Reduction for Early Commencement 

  
 If additional payments commence prior to the month in which the person reaches age 65, they shall be reduced by applying the early commencement factors
for retirees set forth in the ExxonMobil Pension Plan for a normal maturity age of 65. For all actuarial purposes, this monthly amount paid as a five-year certain life annuity is deemed the normal form amount. 
  

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	K3.2	Form of Payment 

  

	 	(A)	In General 

  
 Additional payments under this Plan, other than payments to designated beneficiaries, are made normally in the form of a five-year certain life annuity,
but, in the sole discretion of the Corporation, may be made in any other form, including a joint and survivor form, that is not greater than the actuarial equivalent of the normal form. 
  

	 	(B)	Determination of Actuarial Equivalency 

  
 For purposes of paragraph (A), actuarial equivalency is determined by the Plan Administrator using factors used for comparable determinations under the
ExxonMobil Pension Plan. 
  

	K3.3	Offsets 

  
 If any person is also entitled to payments of a comparable nature for any portion of the same years of pensionable service under a plan of a
service-oriented employer, as defined in the ExxonMobil Common Provisions, other than the Corporation the amount determined immediately above will be reduced by the amount of such comparable payments. In any given case, the Plan Administrator shall
determine the precise amount of this offset and if a conversion of currency computation is required, may follow the process established under the ExxonMobil Pension Plan. 
  
 K4. Death Benefits 
  

	K4.1	Death Benefits 

  
 If a person dies, either as an employee or retiree, before commencement of additional payments under this Plan, the person’s beneficiary under
article K5 below shall receive the lump-sum equivalent value of the additional payments to which the person would have been entitled if he or she had commenced such payments on the date of death. 
  

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	K4.2	Death During Period Certain 

  
 If a person who is receiving additional payments under this Plan for a guaranteed certain period dies before all guaranteed payments have been made, the
person’s beneficiary under article K5 below shall be entitled to receive the remaining guaranteed payments. 
  
 K5. Beneficiaries 
  

	K5.1	Designation of Beneficiaries 

  
 A person may name one or more designated beneficiaries to receive payment of the benefits payable under this Plan under article K4 above in the event of
the person’s death. Beneficiary designations shall be made in accordance with such procedures as the Plan Administrator may establish. Spousal consent to any such designation is not required. 
  

	K5.2	Default Beneficiaries 

  

	 	(A)	In General 

  
 If no specific designation is in effect, the deceased’s beneficiary will be the person or persons in the first of the following classes of
successive beneficiaries living at the time of death of the deceased: 
  

	 	(1)	spouse; 

  

	 	(2)	children who survive the deceased or who die before the deceased leaving children of their own who survive the deceased; 

  

	 	(3)	parents; 

  

	 	(4)	brothers and sisters who survive the deceased or who die before the deceased leaving children of their own who survive the deceased. 

  
 If there are no members of any class of such beneficiaries, payment is made
to the deceased’s executors or administrators. 
  

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	 	(B)	Allocation Among Default Beneficiaries 

  
 If the same class of beneficiaries under paragraph (A) above contains two or more persons, they shall share equally, with further subdivision of such
equal shares as next provided. In class (2), where a child dies before the deceased leaving children who survive the deceased, such child’s share shall be subdivided equally among those children. In class (4), where a brother or sister dies
before the deceased leaving children who survive the deceased, such brother or sister’s share shall be subdivided equally among those children. 
  

	 	(C)	Definitions 

  
 For purposes of this section K5.2, “child” means a person’s son or daughter by legitimate blood relationship or legal adoption;
“parent” means a person’s father or mother by legitimate blood relationship or legal adoption; “brother” or “sister” means another child of either or both of one’s parents. 
  
 K6. Miscellaneous 
  

	K6.1	Plan Administrator 

  
 The Plan Administrator shall be the Manager, Executive Programs, Human Resources Department, Exxon Mobil Corporation. The Plan Administrator shall have
the right and authority to conclusively interpret this Plan for all purposes, including the determination of any person’s eligibility for benefits hereunder. 
  

	K6.2	Nature of Payments 

  
 Payments provided under this Plan shall be considered general obligations of the Corporation. 
  

	K6.3	Assignment or Alienation 

  
 Payments provided under this Plan may not be assigned or otherwise alienated or pledged. 
  

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	K6.4	Amendment or Termination 

  
 The Corporation may at any time amend or terminate this Plan, in whole or in part, so long as the amendment does not deprive any person of the
non-forfeitable right to benefits specifically granted in this Plan. 
  

 19Executive Life Insurance and Death Benefit Plan.

 Exhibit 10(iii)(d) 
  
 EDITION OF JANUARY 1, 2000 
  
 EXXONMOBIL EXECUTIVE LIFE INSURANCE AND 
  
 DEATH BENEFIT PLAN 
  

			
	Articles

	  	 
	1.	  	 Participation and Coverage

		
	2.	  	 Levels of Insurance Coverage

		
	3.	  	 Payment of Benefit

		
	4.	  	 Designation of Beneficiary

		
	5.	  	 Miscellaneous

 EXXONMOBIL EXECUTIVE LIFE INSURANCE AND 
  
 DEATH BENEFIT PLAN 
  
 1. Participation 

	1.1	Covered Executive 

  
 Each covered executive is a participant in this Plan. 
  

	1.2	Retiree 

  

	 	(A)	In General 

  
 Except as provided in paragraph (B) below, each person who becomes a retiree on or after the effective date, and who is a covered
executive immediately prior to becoming a retiree is a participant in this Plan. In addition, each grandfathered retiree is a participant in the Plan. 
  

	 	(B)	Exception 

  
 A retiree will cease to be a participant during the time the retiree is a suspended retiree. 
  

	1.3	Cessation of Participant Status 

  

	 	(A)	Termination of Employment 

  

	 	(1)	In General 

  
 Except as provided in paragraphs (2) through (4) below, a covered executive will cease to be a participant 31 days after the covered
executive terminates employment without becoming a retiree. 
  

	 	(2)	Exception for Long Term Disability 

  
 A covered executive who terminates employment with eligibility for long-term disability benefits under the ExxonMobil Disability Plan, will cease
to be a participant at the earlier of 
  

	 	(a)	one year after terminating employment, or 

  

	 	(b)	the date the person is no longer eligible for long-term disability benefits on account of ceasing to be disabled. 

	 	(3)	Exception for Coverage Provided Through Death Benefit 

  
 If, at the time a covered executive terminates employment he or she has elected to receive executive life coverage in the form of a death benefit,
the covered executive will cease to be a participant on the date of such termination of employment. 
  

	 	(4)	Exception for Transition Severance Terminees 

  

	 	(a)	In General 

  
 A covered executive who terminates employment without becoming a retiree shall continue to be a participant for a period of one year
from the date of such termination of employment, but only if the person is eligible for a benefit under the Exxon Transition Severance Plan, or if the Corporation, acting through its management, determines that the covered executive is
otherwise eligible for such continued participation. 
  

	 	(b)	Termination of Provision 

  
 This paragraph (4) shall not apply to any covered executive who terminates employment after August 31, 2000. 
  

	 	(B)	Suspended Retirees 

  
 A retiree or grandfathered retiree will cease to be a participant during the time the person is a suspended retiree.

  
 2. Coverage 
  

	2.1	When and How Coverage is Provided 

  

	 	(A)	In General 

  

	 	(1)	Executive Life Coverage 

  
 Executive life coverage is automatically provided to all participants other than grandfathered retirees. 
  

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	 	(2)	Supplemental Group Life Coverage 

  
 Supplemental group life coverage is automatically provided to all participants who are grandfathered retirees. 
  

	 	(B)	Life Insurance or Death Benefit Option 

  

	 	(1)	In General 

  
 Both executive life coverage and supplemental group life coverage is automatically provided under the Plan as life insurance unless a participant
elects to receive coverage in the form of a death benefit. 
  

	 	(2)	Election 

  
 Participants may, at any time, elect to receive executive life or supplemental group life coverage, whichever is applicable, as a death benefit,
and may revoke any such election. An election or revocation under this paragraph (2) shall be made in accordance with procedures established by the administrator. 
  

	 	(3)	When Election is Effective 

  

	 	(a)	Death Benefit 

  
 An election under paragraph (2) above to receive executive life or supplemental group life coverage as a death benefit shall become effective on the
first of the month following the receipt of such election by the administrator. 
  

	 	(b)	Revocation of Election 

  
 A participant’s revocation of a death benefit election in favor of receiving executive life or supplemental group life coverage as life
insurance becomes effective on the first of the month following the date the administrator receives notification from the insurer that the insurer has, in its discretion, approved evidence of insurability submitted by the
participant. 
  

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	 	(4)	Reinstatement of Coverage 

  
 If a participant’s executive life or supplemental group life coverage is reinstated after a period in which the participant was
ineligible for coverage under section 1.3(B) above on account of becoming a suspended retiree, such coverage shall be reinstated under the option (i.e., life insurance or a death benefit) in force at the time coverage was lost. 
  

	 	(C)	Termination of Coverage 

  
 Executive life or supplemental group life coverage terminates for an individual on the date the individual ceases to be a participant. 

 

	2.2	Amount of Benefit 

  

	 	(A)	Executive Life Coverage 

  

	 	(1)	In General 

  
 Except as provided in paragraph (2) below, the amount of executive life coverage in effect for a participant is equal to the applicable percentage
determined under the following chart multiplied by the participant’s annual base pay: 
  

			
	 If the participant’s age is

	 	 The percentage is

	Under 65	 	400%
	65-69	 	350%
	70-74	 	300%
	75 and over	 	250%

  
 For this purpose, a
participant attains a particular age as of the first day of the month in which the person will turn such age. In addition, a covered executive’s annual base pay is the base pay in effect at the time coverage is determined, and a
retiree’s base pay is the base pay in effect for the person immediately before the person became a retiree. 
  

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	 	(2)	Transition Severance Terminees 

  
 The amount of executive life coverage in effect for a person who is a participant solely on account of section 1.3(A)(4) above relating to
transition severance terminees is 200% of the person’s annual base pay in effect immediately before the person’s termination of employment. 
  

	 	(B)	Supplemental Group Life Coverage 

  
 Supplemental Group Life Coverage is provided 
  

	 	(1)	during retirement to all grandfathered retirees, and 

  

	 	(2)	during employment to those persons who become grandfathered retirees after the effective date. 

  
 The amount of supplemental group life coverage in effect for a
grandfathered retiree is equal to the amount of coverage in effect for the person under the provisions of the Supplemental Group Life Insurance Plan or Supplemental Group Death Benefit Plan (as such plans existed on December 31, 1999) as of
the later of December 31, 1999 or the date the person retires. The amount of supplemental group life coverage in effect during employment for a person who becomes a grandfathered retiree after the effective date is the amount of
coverage to which they are entitled under the terms of the Supplemental Group Life Insurance Plan or Supplemental Group Death Benefit Plan (as such plans existed on December 31, 1999). 
  
 3. Payment of Benefit 
  

	3.1	Conditions for Payment of Benefit 

  
 If a participant dies while executive life or supplemental group life coverage for that participant is in effect, then the amount of
coverage then in effect for the 

  

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participant becomes payable; provided, that proof of death satisfactory to the insurer must be provided before any benefit becomes payable as
life insurance. 
  

	3.2	Form of Payment 

  
 A benefit payable under Section 3.1 above upon a participant’s death shall be paid in a lump sum. 
  

	3.3	Source of Payment 

  

	 	(A)	Life Insurance 

  
 Executive life and supplemental group life coverage in the form of life insurance shall be provided through one or more policies of insurance issued by
an insurer selected by the Corporation, and any executive life or supplemental group life benefit payable as insurance shall be paid pursuant to such policy or policies. 
  

	 	(B)	Death Benefit 

  
 Any executive life or supplemental group life benefit payable as a death benefit shall be paid from the general assets of the Corporation.

  

	3.4	To Whom Paid 

  
 A benefit payable under Section 3.1 above upon a participant’s death shall be paid as follows: 
  

	 	(A)	If a beneficiary designation is in effect at the time of the participant’s death, the benefit shall be paid in accordance with such designation.

  

	 	(B)	If no beneficiary designation is in effect, the benefit shall be paid to the first of the following groups that has at least one member that survives the participant:

  

	 	(1)	The participant’s spouse. 

  

	 	(2)	 The participant’s children. In this event, the benefit will be divided equally among the children who survive the participant as well as the
children who die before the participant leaving children of their own who survive the participant. In the case of a participant’s child who dies before the participant leaving children of his or her own 

  

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who survive the participant, such child’s share shall be divided equally among his or her surviving children. 

  

	 	(3)	The participant’s parents. In this event, the benefit will be divided equally among the parents if they both survive the participant. 

  

	 	(4)	The participant’s brothers and sisters. In this event, the benefit will be divided equally among the brothers and sisters who survive the participant as well as
the brothers and sisters who die before the participant leaving children of their own who survive the participant. In the case of a brother or sister who dies before the participant leaving children of his or her own who survive
the participant, such brother or sister’s share shall be divided equally among his or her surviving children. 

  

	 	(5)	The participant’s executors or administrators. 

  
 For purposes of this Paragraph (B), a spouse of a participant shall include only someone who is the legal spouse of the participant, and a
child, parent, brother, or sister of a participant shall include only someone who is a legitimate blood relative of the participant or whose relationship with the participant is established by virtue of a legal adoption.

  
 4. Designation of Beneficiary 
  

	4.1	Designation 

  
 A participant may designate one or more beneficiaries to receive the payment of benefits upon the death of the participant, or may at any
time change or cancel a previously made beneficiary designation. 
  

	4.2	Forms and Submission 

  
 Any beneficiary designation or change or cancellation thereof shall be made on such forms and in such manner as is satisfactory to the insurer. No
beneficiary 

  

 7 

 
designation or change or cancellation thereof shall become effective until received by the insurer or its designated agent. 
  

	4.3	Designation Made Under Prior Plans 

  
 Any beneficiary designation made by a participant under the Supplemental Group Life Insurance Plan or Supplemental Death Benefit Plan that remains
in effect on December 31, 1999, shall continue to be valid under this Plan on and after the effective date until and unless properly superceded. 
  
 5. Miscellaneous 
  

	5.1	Plan Funding 

  
 The funding for executive life and supplemental group life coverage, including the funding of premiums under any life insurance policy issued in
connection with such coverage, shall be paid for by the Corporation; no participant contributions will be required or permitted. 
  

	5.2	Assignment of Insurance 

  

	 	(A)	Assignment 

  
 A participant may assign to another owner the participant’s interest in his or her executive life or supplemental group life coverage
provided in the form of life insurance. Such assignment shall be made on such forms and in such manner as is acceptable to the administrator and the insurer. 
  

	 	(B)	Effect of Assignment 

  

	 	(1)	In General 

  
 When an assignment of a participant’s coverage is in effect as described in paragraph (A) above, then, except as provided in paragraph (2)
below, the participant’s assignee shall have the right to take all actions under the terms of this Plan with respect to such coverage that the participant would otherwise have the right to 

  

 8 

 
take, including, without limitation, the right to designate a beneficiary. 
  

	 	(2)	Exception 

  
 An assignee shall not have the right under this Plan to elect to receive executive life or supplemental group life coverage as a death benefit under
section 2.1(B)(2) above or to revoke an already existing election. 
  

	 	(C)	Assignment Under Prior Plan 

  
 Any assignment of coverage made by a participant under the Supplemental Group Life Insurance Plan shall continue to be valid under this Plan with
respect to executive life and supplemental group life coverage. 
  

	5.3	Amendment and Termination 

  
 The Corporation at any time, by action of any duly authorized officer, may amend or terminate this Plan in whole or in part. 
  

	5.4	Responsibilities and Authority of Administrator 

  
 The administrator shall fulfill all duties and responsibilities of a “plan administrator” required by the Employee Retirement Income
Security Act of 1974, as amended. The administrator shall have the authority to control and manage the operation and administration of this Plan, including, without limitation: 
  

	 	(A)	discretionary and final authority to determine eligibility and to administer this Plan in its application to each participant and beneficiary; and 

  

	 	(B)	discretionary and final authority to interpret this Plan, in whole or in part, including but not limited to, exercising such authority in conducting a full and fair review, with
such interpretation being conclusive for all participants and beneficiaries under this Plan. 

  

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	5.5	Claim Appeal Process 

  

	 	(A)	Submission of Appeal 

  
 In the event a claim for benefits is denied, the claimant has the right to appeal to the administrator. A written request to review a denied claim
must be received by the administrator within 90 days after the claim denial. The request may state the reasons the claimant believes he or she is entitled to Plan benefits, and may be accompanied by supporting information and documentation
for the administrator’s consideration. 
  

	 	(B)	Decision 

  
 The administrator shall decide appeals in accordance with the administrator’s fiduciary authority set out in section 5.4 above. Appeal
decisions will be made within 60 days of the receipt of the claim by the administrator unless special circumstances warrant an extension of time. If an extension of time is required, the administrator will notify the claimant of the
extension. In all cases, the decision will be made no later than 120 days after the receipt of the claim by the administrator. The appeal decision shall be in writing, specify the reasons for the decision, and refer to the relevant Plan
provision(s) on which the decision is based. 
  

	5.6	Definitions 

  
 The following terms shall have the following meanings ascribed to them: 
  

	 	(A)	“Administrator” means the Manager, Compensation and Executive Plans, Human Resources Department, Exxon Mobil Corporation. 

  

	 	(B)	“Corporation” means Exxon Mobil Corporation. 

  

	 	(C)	“Covered Employee” has the meaning set out in the ExxonMobil Benefit Plans Common Provisions. 

  

	 	(D)	“Covered Executive” means a covered employee who has a classification level of 35 or higher. 

  

	 	(E)	“Effective Date” means January 1, 2000. 

  

	 	(F)	“Grandfathered retiree” means a person who 

  

 10 

	 	(1)	became a retiree prior to the effective date, and was covered under the Supplemental Group Life Insurance Plan or Supplemental Death Benefit Plan immediately prior to
the effective date, or who 

  

	 	(2)	becomes a retiree after the effective date after having been given the opportunity to elect and having elected continued coverage under the Supplemental Group Life
Insurance Plan or Supplemental Death Benefit Plan. 

  

	 	(G)	“Insurer” means the insurance company that is the issuer of the policy of insurance described in section 3.3(A) above. 

  

	 	(H)	“Participant” means a covered executive, retiree, or grandfathered retiree, as the context requires. 

  

	 	(I)	“Retiree” 

  

	 	(1)	In General 

  
 “Retiree” has the meaning set out in the ExxonMobil Benefit Plans Common Provisions. 
  

	 	(2)	Transition Severance Cases 

  

	 	(a)	Treatment as Covered Annuitant 

  
 Solely for purposes of this Plan, a person who is described in paragraph (b) below shall be treated as if he or she were a retiree. 
  

	 	(b)	Eligibility 

  
 A person is described in this paragraph (b) if the person 
  

	 	(i)	terminates employment as a covered executive; 

  

	 	(ii)	is at least 50 years old by the end of the month in which the termination of employment occurs; 

  

	 	(iii)	has at least 10 years of benefit plan service (as defined in the ExxonMobil Benefit Plans Common Provisions) at the time of the termination of employment; and

  

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	 	(iv)	upon termination of employment receives a benefit under the Exxon Transition Severance Plan. 

  

	 	(c)	Termination of Provision 

  
 This paragraph (2) shall not apply to any person who fails to meet the eligibility requirements set out in paragraph (b) above on or before August 31,
2000. 
  

	 	(J)	“Suspended retiree” 

  

	 	(1)	In General 

  
 “Suspended Retiree” means a person who becomes a retiree by virtue of being incapacitated within the meaning of the ExxonMobil
Disability Plan and commences long-term disability benefits under such Plan, but whose benefits under such Plan thereafter cease by virtue of 
  

	 	(a)	the person no longer being incapacitated, or 

  

	 	(b)	the person’s failure to report non-rehabilitative employment. 

  

	 	(2)	Period 

  
 A person remains a suspended retiree until the earlier of (1) the date the person attains age 55, or (2) the date the person commences his or her
benefit or receives a lump-sum settlement under the ExxonMobil Pension Plan, at which time the person is again considered a retiree. 
  

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