Document:

Executive Retirement Plan

 Exhibit 10.14 
  

 
  
 SUNOCO, INC. 
 EXECUTIVE
RETIREMENT PLAN 
 (amended and restated as of December 3, 2009 
 (including amendments effective June 30, 2010)) 
  
  
  
  
  

 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. 
  

					
		 	2	 	 Executive Retirement Plan
 amended & restated as of December 3, 2009
 (including amendments effective June
30, 2010)

 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 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

  

					
		 	3	 	 Executive Retirement Plan
 amended & restated as of December 3, 2009
 (including amendments effective June
30, 2010)

 
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 
 (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. 
 Notwithstanding the foregoing, Credited Service will not include any periods of employment with the Company or an Affiliated Company after June 30,
2010. 
 1.15 Earnings shall mean the sum of: 
 (a) base salary paid or payable to a Participant by Sunoco, Inc. or an Affiliated Company on or before June 30, 2010; and 

 

					
		 	4	 	 Executive Retirement Plan
 amended & restated as of December 3, 2009
 (including amendments effective June
30, 2010)

 (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 and received on or before June 30, 2010. 
 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 earliest of July 1, 2010, 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 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

  

					
		 	5	 	 Executive Retirement Plan
 amended & restated as of December 3, 2009
 (including amendments effective June
30, 2010)

 
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 who was participating in the Plan on June 30, 2010;
or 
 (b) an Executive who was participating in the Plan on January 1, 2003; or 
 (c) designated as a Participant by the Board Committee on or before June 30, 2010. 
 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. 
 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; 
  

					
		 	6	 	 Executive Retirement Plan
 amended & restated as of December 3, 2009
 (including amendments effective June
30, 2010)

 (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 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. 
  

					
		 	7	 	 Executive Retirement Plan
 amended & restated as of December 3, 2009
 (including amendments effective June
30, 2010)

 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 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. 
 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 Credited Service; 
  

					
		 	8	 	 Executive Retirement Plan
 amended & restated as of December 3, 2009
 (including amendments effective June
30, 2010)

 (b) the sum of: 
 (1) 100% of his Affiliated Company Benefit, plus 
 (2) 100% of his Statutory Benefit; 
 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 Credited 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 
  

					
		 	9	 	 Executive Retirement Plan
 amended & restated as of December 3, 2009
 (including amendments effective June
30, 2010)

 (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 at June 30, 2010 (or Service to the date of actual retirement, if actual retirement is before June 30, 2010) 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 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

  

					
		 	10	 	 Executive Retirement Plan
 amended & restated as of December 3, 2009
 (including amendments effective June
30, 2010)

 
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, 
 (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

  

					
		 	11	 	 Executive Retirement Plan
 amended & restated as of December 3, 2009
 (including amendments effective June
30, 2010)

 
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, except as otherwise provided herein, 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 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) Subject to the provisions of Sections 4.01(d) and (e), all retirement benefits accrued after December 31, 2005 will be paid in
the form of a lump sum. 
 (d) Subject to the provisions of Section 4.01(e), all retirement benefits accrued after
December 31, 2005, and all retirement benefits accrued before January 1, 2006 that are deferred compensation for purposes of Code Section 409A, and that are not in pay status and not otherwise payable before January 1, 2009, will
be paid in a lump sum unless pursuant to Section 3.02 of IRS Notice 2006-79, as modified by Section 3.01(B)(1) of IRS Notice 2007-86, the Participant elects, on or before August 31, 2008, in lieu of the normal form of retirement
benefits, an optional form of retirement income. 
 (e) An individual who first becomes a Participant on or after
June 1, 2008, not later than the earlier of thirty (30) days after the date such Participant first become eligible to participate in the Plan or the last date to elect an optional form of payment under any plan aggregated with the Plan
under Treasury Regulation Section 1.409A-1(c)(2)(i)(C), may elect, in lieu of the normal form of retirement benefits, an optional form of retirement income. Such election shall apply to benefits accrued with respect to compensation paid after
the election and shall be irrevocable. 
  

					
		 	12	 	 Executive Retirement Plan
 amended & restated as of December 3, 2009
 (including amendments effective June
30, 2010)

 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 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%

  

					
		 	13	 	 Executive Retirement Plan
 amended & restated as of December 3, 2009
 (including amendments effective June
30, 2010)

 (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 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

  

					
		 	14	 	 Executive Retirement Plan
 amended & restated as of December 3, 2009
 (including amendments effective June
30, 2010)

 
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 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) Subject to the provisions of Sections 5.03(d) and (e), 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. 
 (d) Subject to the provisions of Section 5.03(e), the Preretirement Spouse’s Death Benefit with respect to all benefits
accrued after December 31, 2005, and that are not in pay status and not otherwise payable before January 1, 2009, will be paid in a lump sum unless pursuant to Section 3.02 of IRS Notice 2006-79, as modified by Section 3.01(B)(1)
of IRS Notice 2007-86, the Participant elects on or before August 31, 2008 to have the Preretirement Spouse’s Death Benefit (with respect to such retirement benefits) paid in an annuity. 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. Each election will be made in writing and in conformity with such rules as may be prescribed by the Plan Administrator. 
 (e) An individual who first becomes a Participant on or after June 1, 2008, not later that the earlier of thirty (30) days
after the date such Participant first becomes eligible to participate in the Plan or the last date to elect an optional form of payment under any plan aggregated with the Plan under Treasury Regulation Section 1.409A-1(c)(2)(i)(C), may elect,
in lieu of a lump sum, to have the Preretirement Spouse’s Death Benefit paid in an annuity. 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 all retirement benefits accrued under the Plan) 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. Each
election will be made in writing and in conformity with such rules as may be prescribed by the Plan Administrator. Such election shall apply to benefits accrued with respect to compensation paid after the election and shall be irrevocable.

  

					
		 	15	 	 Executive Retirement Plan
 amended & restated as of December 3, 2009
 (including amendments effective June
30, 2010)

 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. 
 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

  

					
		 	16	 	 Executive Retirement Plan
 amended & restated as of December 3, 2009
 (including amendments effective June
30, 2010)

 
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. 
 (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. 
  

					
		 	17	 	 Executive Retirement Plan
 amended & restated as of December 3, 2009
 (including amendments effective June
30, 2010)

 (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. 
 (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

  

					
		 	18	 	 Executive Retirement Plan
 amended & restated as of December 3, 2009
 (including amendments effective June
30, 2010)

 
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. 
 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). 
  

					
		 	19	 	 Executive Retirement Plan
 amended & restated as of December 3, 2009
 (including amendments effective June
30, 2010)

 (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. 
 (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 qualified plan in which the Participant participates) payable at age 55 before discounting to

  

					
		 	20	 	 Executive Retirement Plan
 amended & restated as of December 3, 2009
 (including amendments effective June
30, 2010)

 
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 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

  

					
		 	21	 	 Executive Retirement Plan
 amended & restated as of December 3, 2009
 (including amendments effective June
30, 2010)

 
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.

 (vi) 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), 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

  

					
		 	22	 	 Executive Retirement Plan
 amended & restated as of December 3, 2009
 (including amendments effective June
30, 2010)

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

					
		 	23	 	 Executive Retirement Plan
 amended & restated as of December 3, 2009
 (including amendments effective June
30, 2010)

 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. Notwithstanding any other provision of
this Section 7.01 to the contrary, a Participant will not include as Credited Service periods after June 30, 2010. 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. 
 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. 
  

					
		 	24	 	 Executive Retirement Plan
 amended & restated as of December 3, 2009
 (including amendments effective June
30, 2010)

 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 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. 
  

					
		 	25	 	 Executive Retirement Plan
 amended & restated as of December 3, 2009
 (including amendments effective June
30, 2010)

 (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. 
 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,

  

					
		 	26	 	 Executive Retirement Plan
 amended & restated as of December 3, 2009
 (including amendments effective June
30, 2010)

 
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 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. 
  

					
		 	27	 	 Executive Retirement Plan
 amended & restated as of December 3, 2009
 (including amendments effective June
30, 2010)Executive Involuntary Severance Plan

 Exhibit 10.16 
  

 
  
 SUNOCO, INC. 
 EXECUTIVE INVOLUNTARY
SEVERANCE PLAN 
 (Amended and Restated effective December 3, 2009) 
  
  
  
  
  

 ARTICLE I 
 DEFINITIONS 
 Section 1.1 “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 1.2 “Board of
Directors” shall mean the Board of Directors of Sunoco, Inc. or any successor thereto. 
 Section 1.3 “Chief Executive
Officer” shall mean the individual serving as `the Chief Executive Officer of Sunoco, Inc. as of the date of reference. 
 Section 1.4 “Committee” shall mean the administrative committee designated pursuant to Article VI of the Plan to administer the Plan in accordance with its terms. 
 Section 1.5 “Company” shall mean Sunoco, Inc., a Pennsylvania corporation. The term “Company” shall include any successor to
Sunoco, Inc., any subsidiary or affiliate which has adopted the Plan, or a corporation succeeding to the business of Sunoco, Inc., or any subsidiary or affiliate, by merger, consolidation or liquidation or purchase of assets or stock or similar
transaction. 
 Section 1.6 “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.; any subsidiary or affiliate of Sunoco, Inc. (whether by by merger, consolidation or liquidation or purchase of assets or stock or similar
transaction) which has adopted the Plan; and/or any corporation succeeding to the business of Sunoco, Inc. 
 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 is subsequently acquired by, and becomes a part of, the Company’s operations. 
 Section 1.7 “Compensation Committee” shall mean the Compensation Committee of the Board of Directors. 
 Section 1.8 “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 1.9 “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 1.10 “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended. 
  

					
		 	2	 	 Executive Involuntary Severance Plan
 Amended and Restated December 3, 2009

 Section 1.11 “Executive Resource Employee” shall mean any individual employed by the
Company who has been designated by the Company as a member of the Company’s executive resources group. Generally, such group shall include employees in Grades 14-20 and all employees subject to Section 16 of the Securities Exchange Act of
1934, as amended. 
 Section 1.12 “Just Cause” shall mean, as determined by the Committee: 
 (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), 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, 
 (b) indictment of the Participant for a felony in connection with the Participant’s employment duties or responsibilities to the
Company that is not quashed within six (6) months; 
 (c) conviction of Participant of a felony; 
 (d) willful conduct by the Participant in connection with the Participant’s employment duties or responsibilities to the Company
that is gross misconduct (including, but not limited to, dishonest or fraudulent acts) and places the Company at risk of material injury; or 
 (e) the Participant’s failure to comply with a policy of the Company that places the Company at risk of material injury. 
 For purposes of this Section 1.12, 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. In addition, for purposes of this Section 1.12, “injury” shall include, but not be limited to, financial injury and injury to the reputation 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. 
 Section 1.13 “Participant” shall mean any Executive Resource Employee; provided, however, that any Executive Resource Employee who has an employment contract with the Company that provides severance
benefits shall not be eligible to participate in the Plan while such contract is in effect except to the extent specifically provided in the contract. 
 Section 1.14 “Plan” shall mean the Sunoco, Inc. Executive Involuntary Severance Plan, as set forth herein, and as the same may from time to time be amended. 
 Section 1.15 “Plan Year” shall mean each fiscal year of the Company during which this Plan is in effect. 
 Section 1.16 “Salary Continuation Period” shall mean: 
 (a) six (6) weeks, in the case of a Participant who either has not executed the release described in Section 3.3 hereof, or
who has revoked such a previously executed release; or 
  

					
		 	3	 	 Executive Involuntary Severance Plan
 Amended and Restated December 3, 2009

 (b) in the case of a Participant that has executed and not revoked the release
described in Section 3.3 hereof: 
 (1) one-hundred-four (104) weeks for the Company’s Chief Executive
Officer, Chief Operating Officer, and any executive vice president; 
 (2) seventy-eight (78) weeks for each other
Executive Resource Employee in Grade 17 or above; and 
 (3) fifty-two (52) weeks for each other Executive Resource
Employee. 
 Section 1.17 “Weekly Compensation” shall mean the sum of each of the following items divided by 52: 

(a) a Participant’s annual base salary; and 
 (b) the applicable guideline (target) annual bonus amount in effect on his or her Employment Termination Date. 
 ARTICLE II 
 BACKGROUND,
PURPOSE AND TERM OF PLAN 
 Section 2.1 Background. The Company maintains this Plan for the purpose of providing
severance allowances to all Executive Resource Employees, whose employment is terminated for reasons other than fault of their own. The Plan shall be effective as of December 7, 2000. 
 Section 2.2 Purpose of the Plan. In recognition of their past service to the Company, this Plan is intended to alleviate, in part or in
full, financial hardships which may be experienced by certain of those employees of the Company whose employment is terminated. In essence, benefits under the Plan are intended to be additional compensation for past services or the continuation of
the specified fringe benefits for a transitional period. The amount or kind of benefit to be provided is to be based on the position of the Executive Resource Employee, the Executive Resource Employee’s compensation and the fringe benefit
programs applicable to him or her, at his or her Employment Termination Date. The Plan is not intended to be included in the definitions of “employee pension benefit plan” and “pension plan” as set forth under Section 3(2)
of ERISA. Rather, this Plan is intended to meet the descriptive requirements of a plan constituting a “severance pay plan” within the meaning regulations published by the Secretary of Labor at Title 29, Code of Federal Regulations,
§ 2510.3-2(b). 
 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 in accordance with the further provisions hereof. 
 ARTICLE III 
 PARTICIPATION AND ELIGIBILITY FOR BENEFITS

 Section 3.1 General Eligibility Requirement. In order to receive a Benefit under this Plan, a Participant’s
employment must have been terminated by the Company other than for Just Cause, death or Disability; provided, however, that any Participant who is receiving benefits under the Sunoco, Inc. Special Executive Severance Plan shall not
also be eligible to receive any Benefit under this Plan. 
  

					
		 	4	 	 Executive Involuntary Severance Plan
 Amended and Restated December 3, 2009

 Section 3.2 Employment by Successor. Notwithstanding anything herein to the contrary, no
Benefits shall be due hereunder in connection with the sale or other disposition by the Company of the capital stock or assets of any business unit, division, subsidiary, or other affiliate, if the Participant receives an offer of employment from
the purchaser or other acquiror at a combined annual salary and guideline bonus at least equal to the annual salary and guideline bonus for his or her position with the Company immediately prior to such sale or other disposition. 
 Section 3.3 Release. Unless the Participant executes a full waiver and release of claims in a form satisfactory to the Company, and
notwithstanding anything herein to the contrary as provided in Section 5.2, the Benefits provided hereunder in connection with a termination of employment shall be provided only for the Salary Continuation Period set forth in
Section 1.16(a) of this Plan, and the special medical benefit described in Section 4.4 of this Plan shall not be provided. In no event shall the release described in this Section 3.3 impair the ability of a Participant who executes
such a release to pursue any rights the Participant may have with respect to benefits pursuant to the Sunoco, Inc. Special Executive Severance Plan. 
 ARTICLE IV 
 BENEFIT 
 Section 4.1 Amount of Immediate Cash Benefit. The immediate cash amount to be paid to a Participant eligible to receive Benefits under
Section 3.1 hereof shall be paid in a lump sum and shall equal the Participant’s earned vacation (as determined under the Company’s applicable vacation policy as in effect on the Employment Termination Date) through the end of his or
her Employment Termination Date. 
 Section 4.2 Salary Continuation. A Participant who is eligible to receive Benefits under
Section 3.1 shall continue to be entitled, through the end of his/her Salary Continuation Period to his/her Weekly Compensation as in effect on the Employment Termination Date. 
 Section 4.3 Executive Benefits. A Participant who is eligible to receive Benefits under Section 3.1 shall continue to be entitled,
through the end of his/her Salary Continuation Period to those employee benefits 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: as 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 any purchase of assets or stock or similar
transaction) will be discontinued under the terms of such plan or plans); and 
 (b) medical plan benefits (excluding
dental coverage), including COBRA continuation coverage beginning as of the start of the Salary Continuation Period and running concurrently therewith. 
 In each case, when contributions are required of all other active Executive Resource Employees at the time of the Participant’s Employment Termination Date, or thereafter, if required of other Executive
Resource Employees, the Participant shall continue to be responsible for making the required contributions during the Salary Continuation Period in

  

					
		 	5	 	 Executive Involuntary Severance Plan
 Amended and Restated December 3, 2009

 
order to be eligible for the coverage. The Participant also shall be entitled to reasonable outplacement services as deemed appropriate by the Committee (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). 
 Section 4.4 Special Medical Benefit. Participants who have executed and not revoked
the release described in Section 3.3 hereof, who were employed by the Company on or before January 1, 2008, and who were 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.
Participants who have executed and not revoked the release described in Section 3.3 hereof, and who (a) are fifty (50) or more years of age on the Employment Termination Date, and (b) were not employed by the Company on
January 1, 2008, or were not fifty (50) or more years of age on January 1, 2008, or have fewer than ten (10) years of Company Service on the Employment Termination Date, shall be eligible for the medical benefits described in the
preceding sentence, 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 a Company retirement plan, such benefits may continue until such time as the Participant becomes first eligible for Medicare, or the Participant voluntarily cancels coverage, whichever is earliest. 

Section 4.5 Retirement 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 any payments received under any such plan shall not affect a Participant’s right to any Benefit hereunder. 
 Section 4.6 Minimum Benefit. Notwithstanding the provisions of Sections 4.2, 4.3 and 4.4 hereof, the Benefits available under this Plan
shall not be less than those determined in accordance with the provisions of the Sunoco, Inc. Involuntary Termination Plan. If the Participant determines that the benefits under the Sunoco, Inc. Involuntary Termination Plan are more valuable to the
Participant than the comparable Benefits set forth in 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 this Plan shall be
calculated using only the applicable provisions of the Sunoco, Inc. Involuntary Termination Plan. 
 Section 4.7 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 Participant accrue vacation days, paid holidays, paid sick days or other similar benefits normally associated with employment for any part of the Salary Continuation Period during which
benefits are payable under this Plan. 
  

					
		 	6	 	 Executive Involuntary Severance Plan
 Amended and Restated December 3, 2009

 ARTICLE V 
 METHOD AND DURATION OF BENEFIT PAYMENTS 
 Section 5.1 Method of Payment.
(a) The cash Benefits to which a Participant is entitled, as determined pursuant to Article IV hereof, shall be paid monthly except as otherwise provided in this Article V. Pursuant to Treasury Regulation Section 1.409A-2(b)(2)(iii), for
purposes of Treasury Regulation 1.409A-1(b)(4) and all other provisions of the regulations promulgated under Code Section 409A, the Participant’s right to the series of monthly payments hereunder at all times shall be treated as a right to
a series of separate payments. Payment shall be made by mailing to the last address provided by the Participant to the Company, or by direct deposit into a bank account designated by the Participant in writing to the Company. (b) Payment of any
cash Benefits (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)) shall be made as follows. Cash
Benefits that are scheduled to be paid for the period which begins on such Participant’s Employment Termination Date and ends on the date six months from such Participant’s Employment 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 Employment Termination Date. Simple interest will be paid on cash Benefits 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 equal to the prime rate of Citibank, N.A. as in effect from time to time after such due date. 
 Section 5.2 Conditions to Entitlement to Benefit. In order to be eligible to receive full Benefits hereunder, a Participant shall make
himself/herself available to the Company and cooperate in any reasonable manner (so as not to unreasonably interfere with subsequent employment) in providing assistance to the Company after his or her Employment Termination Date in conducting any
matters which are pending at such time, and, as provided in Section 3.3, shall execute 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. Such release and discharge shall be in such form as is 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. 
 Section 5.3 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 Committee 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. 
 Section 5.4 Benefit Payments Commencing Between January 1, 2005 and June 30, 2005. In accordance with the transition guidance set
forth in Section 20(a) of IRS Notice 2005-1, a

  

					
		 	7	 	 Executive Involuntary Severance Plan
 Amended and Restated December 3, 2009

 
Participant who commences receipt of Benefits under the Plan during the period January 1, 2005 through June 30, 2005, shall have the right to elect, in the form and manner prescribed by
the Committee, to terminate his or her participation in the Plan, in whole or in part, provided that the Benefits subject to such termination shall be distributed to the Participant no later than December 31, 2005. 
 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 the Company. 
 Section 6.2 Tenure of the Committee. 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 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. 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, to supply omissions and to make factual determinations. 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, 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). 
  

					
		 	8	 	 Executive Involuntary Severance Plan
 Amended and Restated December 3, 2009

 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 or the Board of Directors. Whenever a determination is required of the Chief Executive Officer or the Board of Directors under the Plan, such determination shall be made solely
at the discretion of the Chief Executive Officer or the Board of Directors, as applicable. 
 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. 
 ARTICLE VII 
 AMENDMENT AND TERMINATION 
 Section 7.1 Amendment, Suspension and Termination. The Company, acting by or pursuant to a resolution of the Board of Directors, or a
committee thereof delegated such responsibility, 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. No such amendment shall give the Company the right to recover any amount paid to a Participant prior to the date of such amendment or to cause the cessation and discontinuance of payments of Benefits to any person or persons under the
Plan already receiving Benefits. No action to amend or modify the Plan that is taken after a Change in Control (as such term is defined in the Special Executive Severance Plan of the Company) or before, but in connection with, a Change in Control,
may terminate or reduce the rights of an Employee as of the date of such action with respect to the Special Executive Severance Plan or Section 3.3. 
 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 this Plan, as directed by the Committee. 
  

					
		 	9	 	 Executive Involuntary Severance Plan
 Amended and Restated December 3, 2009

 ARTICLE IX 
 CLAIMS PROCEDURES 
 Section 9.1 Application for Benefits. Benefits shall be
paid by the Company following a termination of employment 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 Company. 
 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 ninety (90) days following submission by the Participant (or beneficiary, if applicable) of such claim to the Committee (unless the Committee determines that special circumstances require an extension of time for processing
the claim, in which case (i) the Committee shall notify in writing the Participant of the extension, the reasons therefor and the expected determination date and (ii) such extension shall not exceed the amount permitted by applicable law or
regulation). 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 consider the merits of the claimant’s written presentation, 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. 
 (c) The
Committee shall render a determination upon the appealed claim, within sixty (60) days of the Committee’s receipt of the Participant’s notice of appeal (unless the Committee determines that special circumstances require an extension
of time for processing the claim, in which case (i) the Committee shall notify in writing the Participant of the extension, the reasons therefore and the expected determination date and (ii) such extension shall not exceed the amount permitted by
applicable law or regulation), which determination shall be accompanied by a written statement as to the reasons therefor. The determination so rendered shall be binding upon all parties and shall not be overturned unless such determination was an
abuse of discretion and/or violated the highest applicable legal standard. 
 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,

  

					
		 	10	 	 Executive Involuntary Severance Plan
 Amended and Restated December 3, 2009

 
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 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. Unless the Chief Executive Officer directs otherwise, the Company shall require any successor or successors (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of
the business and/or assets of the Company, or a division thereof, to acknowledge expressly that this Agreement is binding upon and enforceable against the Company in accordance with the terms hereof, and to become jointly and severally obligated
with the Company to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession or successions had taken place. 
 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. 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. 
 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. 
  

					
		 	11	 	 Executive Involuntary Severance Plan
 Amended and Restated December 3, 2009

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