Document:

Amendment and Restatement of Key Employee Supplemental Retirement Plan

 Exhibit 10.13 
 CONOCOPHILLIPS 
 KEY EMPLOYEE SUPPLEMENTAL RETIREMENT PLAN 

2012 RESTATEMENT 
 The
ConocoPhillips Key Employee Supplemental Retirement Plan is hereby amended and restated effective as of the “Effective Time” defined in the Employee Matters Agreement by and between ConocoPhillips and Phillips 66 (the “Effective
Time”) and conditioned on the occurrence of the “Distribution” defined in such Employee Matters Agreement (the “Distribution”). 
 PURPOSE 
 The purpose of the ConocoPhillips Key Employee Supplemental Retirement Plan (the
“Plan”) is to attract and retain key employees by providing them with supplemental retirement benefits. This Plan is intended to be and shall be administered in part as an unfunded pension excess benefit plan within the meaning of ERISA
Sections 3(36) and in part as an unfunded pension benefit plan maintained primarily for a select group of management or highly compensated employees. 
 PRE-AMERICAN JOBS CREATION ACT OF 2004 
 GRANDFATHERED PROVISIONS 

Benefits under this Plan, formerly called the Key Employee Supplemental Retirement Plan of Phillips Petroleum Company (the “Phillips Plan”),
that commenced prior to January 1, 2005 (“AJCA-grandfathered benefits”), shall be subject exclusively to the terms and conditions of the Phillips Plan in effect on or before October 3, 2004. No change in the ConocoPhillips

  
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 Exhibit 10.13 

 
 
Retirement Plan adopted subsequent to such date and no change in the Phillips Plan or in the ConocoPhillips Key Employee Supplemental Retirement Plan adopted after such date shall apply to an
AJCA-grandfathered benefit. Provided, however, for purposes of this paragraph, benefits shall be deemed to have commenced prior to January 1, 2005 and shall be AJCA-grandfathered benefits if the relevant corporate officer or committee approved
the Employee’s petition regarding time and form of payment before January 1, 2005 even if the benefits commenced after December 31, 2004. The “relevant corporate officer or committee” means the person or persons with the
authority under the Phillips Plan to approve a petition regarding the time and form of payment. 
 SECTION I. Definitions 

Terms used in this Plan shall have the same meaning they have in the relevant Title of the ConocoPhillips Retirement Plan if they are not otherwise
specifically defined herein. 
 As used in this Plan: 
  

	(a)	“Board” shall mean the board of directors of the Company. 

  

	(b)	“Code” shall mean the Internal Revenue Code of 1986, as amended from time to time. 

 

	(c)	“Committee” shall mean the Human Resources and Compensation Committee of the Board of Directors of ConocoPhillips. 

 

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

  

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

  

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

  
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 Exhibit 10.13 

 
  

	(g)	“Employee” shall mean a person who is an active participant or a terminated vested participant in the Retirement Plan. 

 

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

 

	(i)	“Final Average Earnings” shall mean “final average earnings” as that term is defined in Title I of the ConocoPhillips Retirement Plan.

  

	(j)	“Incentive Compensation Plan” shall mean the Incentive Compensation Plan of Phillips Petroleum Company, the Annual Incentive Compensation Plan of Phillips
Petroleum Company, the Variable Cash Incentive Program of ConocoPhillips or successor plans or programs, or all, as the context may require. 

  

	(k)	“KEDCP” shall mean the ConocoPhillips Key Employee Deferred Compensation Plan or a successor plan. 

 

	(l)	“Participant” shall mean an Employee who is eligible to receive a benefit from this Plan, whether as an active participant who is currently employed by a
member of the Controlled Group or as a terminated vested participant who was previously employed by a member of the Controlled Group. 

  

	(m)	“Participating Subsidiary” shall mean a Subsidiary that has adopted one or more plans making Participants eligible for participation in this Plan.

  

	(n)	“Plan” shall mean the ConocoPhillips Key Employee Supplemental Retirement Plan, the terms of which are stated in and by this document. The Plan is sponsored
and maintained by the Company. 

  

	(o)	“Plan Administrator” shall mean the person who is the highest level officer of the Company with primary responsibility for human resources, or such
person’s successor. 

  
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	(p)	“Plan-age 55” shall mean the first of the calendar month after an Employee’s age 55 or, if earlier, the date the applicable title of the Retirement Plan
treats the Employee as being age 55. 

  

	(q)	“Restricted Stock” shall mean shares of Stock which have certain restrictions attached to the ownership thereof. 

 

	(r)	“Retirement Plan” shall mean the ConocoPhillips Retirement Plan, which is qualified under Code Section 401(a). 

 

	(s)	“Salary” shall mean the monthly equivalent rate of pay for an Employee before adjustments for any before-tax voluntary reductions. 

 

	(t)	“Schedule A Employee” shall mean an Employee whose name appears in Schedule A attached to and made a part of this Plan. 

 

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

  

	(v)	“Stock” means shares of common stock of ConocoPhillips, par value $.01. 

  
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 Exhibit 10.13 

 
  

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

  

	(x)	“Title I” shall mean Title I of the ConocoPhillips Retirement Plan (Phillips Retirement Income Plan). 

 

	(y)	“Title II” shall mean Title II of the ConocoPhillips Retirement Plan (Cash Balance Account). 

 

	(z)	“Title III” shall mean Title III of the ConocoPhillips Retirement Plan (Tosco Pension Plan). 

 

	(aa)	“Title IV” shall mean Title IV of the ConocoPhillips Retirement Plan (Retirement Plan of Conoco). 

 

	(bb)	 “Total Final Average Earnings” shall mean the sum of: (i) the average of the high 3 consecutive Annual Earnings, (including any
increases under Section II(b)(i)(bb), (ee), (ff) and (gg) of this Plan, but excluding Incentive Compensation Plan awards and any increases under Section II(b)(i)(aa), (cc), and (dd) of this Plan), paid or deemed to be paid in the Employee’s
final eleven calendar years of employment with the Company or a Participating Subsidiary including the calendar year in which the Employee’s last date of employment with the Company or a Participating Subsidiary occurs; plus (ii) the
average 

  
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 Exhibit 10.13 

 

	 	
of the high 3 Incentive Compensation Plan awards (including any increases under Section II(b)(i)(aa), (cc), or (dd) of this Plan, but excluding any increases under Section II(b)(i)(bb), (ee),
(ff) and (gg) of this Plan) paid or deemed to be paid in the Employee’s final eleven calendar years of employment with the Company or a Participating Subsidiary including the calendar year in which the Employee’s last date of employment
with the Company or Participating Subsidiary occurs. Provided, however, in determining Total Final Average Earnings, an Incentive Compensation Plan award (and any increases under the provisions of Section II(b)(i) cited above) shall be taken into
consideration only if the Employee to whom such award or increase applies, was at the time of the award or increase, classified in a ConocoPhillips salary grade 19 or above job or any equivalent salary grade of Phillips Petroleum Company.

  

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

 SECTION II. Plan Accrued Benefit. 

 

	 	(a)	An Employee shall be entitled to payments under this Plan based on an accrued benefit with the following components: (i) his Title I-related accrued benefit,
(ii) his Title II-related accrued Benefit, (iii) his Title III-related accrued benefit (but only with regard to an Employee who, on or after July 1, 2007, performed an hour of service under Title III), and (iv) his Title
IV-related accrued benefit, each as defined below. An Employee shall be entitled to payments under this Plan to the same extent he is vested in his respective component under the Retirement Plan. 

  
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 Exhibit 10.13 

 

	 	(b)	“Title I-related accrued benefit shall mean the sum of (i), (ii), and (iii) below: 

 

	 	(i)	The difference between the Employee’s total accrued benefit under Title I and his actual accrued benefit under Title I. For this purpose, an Employee’s
“total accrued benefit under Title I” is the accrued benefit he would have if his accrued benefit under Title I were determined under the terms of Title I but with the following modifications: 

 

	 	(aa)	Include in Annual Earnings an award under the Incentive Compensation Plan which the employee deferred under the terms of the KEDCP. Include such award in the calendar
year in which the award would have been paid to the Employee if it had not been deferred. 

  

	 	(bb)	Include in Annual Earnings salary that would have been paid to the Employee but for the fact that he voluntarily elected to defer receipt of that salary under the terms
of KEDCP. Include the deferred salary in Annual Earnings in the calendar year in which the salary would have been paid had it not been deferred. 

  

	 	(cc)	Include in Annual Earnings the initial value of a restricted stock or restricted stock unit award under the Incentive Compensation Plan. Include that value in Annual
Earnings in the calendar year in which the award was granted. 

  

	 	(dd)	Include in Annual Earnings the value of any special award specified by the Committee under the terms of the special award to be included for Annual Earnings purposes
under Title I in the year in which any applicable restrictions on the award lapse or, if deferred, in the year in which any applicable restrictions would have lapsed absent an election to defer. 

  
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 Exhibit 10.13 

 
  

	 	(ee)	Disregard the limitations on compensation related to Code section 401(a)(17). 

 

	 	(ff)	Disregard the limitation on benefits related to Code section 415. 

  

	 	(gg)	If an Employee is eligible to receive benefits under the ConocoPhillips Executive Severance Plan or under the ConocoPhillips Key Employee Change in Control Severance
Plan, include in Annual Earnings an amount determined by dividing the Employee’s Salary by 4.3333 times the number of weeks or partial weeks from the date the Employee’s employment ends with the Employer to the end of that calendar year.
Provided, however, this subsection (gg) shall be disregarded to the extent the benefit created solely by operation of this subsection (gg) is provided under the terms of Title I. 

 

	 	(ii)	In the case of an Employee who terminated employment on or after February 8, 1993, the Title I-related accrued benefit shall include an additional supplemental
accrued benefit calculated under the terms of Title I, but disregarding the limitation on compensation that is taken into account, using as final average earnings the difference, if any, between the Total Final Average Earnings and the Final Average
Earnings used in Title I. 

  

	 	(iii)	The Title I-related accrued benefit shall also include any benefit provided under Section IV of this Plan. 

 

	 	(c)	“Title II-related accrued benefit” shall mean the difference between the Employee’s total accrued benefit under Title II and his actual accrued benefit
under Title II. For this purpose, an Employee’s “total accrued benefit under Title II” is the accrued benefit he would have if his accrued benefit under Title II were determined under the terms of Title II but with the following
modifications: 

  

	 	(i)	Include in Annual Earnings an award under the Incentive Compensation Plan which the Employee deferred under the terms of the KEDCP. Include such award in the calendar
month and year in which the award would have been paid to the Employee if it had not been deferred. 

  
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 Exhibit 10.13 

 
  

	 	(ii)	Include in Annual Earnings salary that would have been paid to the employee but for the fact that he voluntarily elected to defer receipt of that salary under the terms
of KEDCP. Include the deferred salary in Annual Earnings in the calendar month and year in which the salary would have been paid had it not been deferred. 

  

	 	(iii)	Include in Annual Earnings the initial value of a restricted stock or restricted stock unit award under the Incentive Compensation Plan. Include that value in Annual
Earnings in the calendar month and year in which the award was granted. 

  

	 	(iv)	Include in Annual Earnings the value of any special award specified by the Committee under the terms of the special award to be included for Annual Earnings purposes
under Title II in the year in which any applicable restrictions on the award lapse or, if deferred, in the year in which any applicable restrictions would have lapsed absent an election to defer. 

 

	 	(v)	Disregard the limitation on compensation related to Code section 401(a)(17). 

 

	 	(vi)	Disregard the limitation on benefits related to Code section 415. 

  
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 Exhibit 10.13 

 
  

	 	(d)	“Title III-related accrued benefit” shall mean the difference between the Employee’s total accrued benefit under Title III and his actual accrued benefit
under Title III. For this purpose, an Employee’s “total accrued benefit under Title III” is the benefit he would have if his accrued benefit were determined under the provisions of Title III but with the following modifications:

  

	 	(i)	Include in Compensation salary that would have been paid to the Employee but for the fact that he voluntarily elected to defer receipt of that salary under the terms of
KEDCP or a similar predecessor program but only if such salary is not included in Compensation for purposes of calculating the Title III accrued benefit due to the election to defer. If applicable, include the deferred salary in the calendar month
and year in which the salary would have been paid had it not been deferred. 

  

	 	(ii)	Disregard the limitation on compensation related to Code section 401(a)(17). 

 

	 	(iii)	Disregard the limitation on benefits related to Code section 415. 

  

	 	(e)	“Title IV-related accrued benefit” shall mean the difference between the Employee’s total accrued benefit under Title IV and his actual accrued benefit
under Title IV. For this purpose, an Employee’s “total accrued benefit under Title IV” is the benefit he would have if his accrued benefit were determined under the provisions of Title IV but with the following modifications:

  

	 	(i)	Include in Compensation salary that would have been paid to the Employee but for the fact that he voluntarily elected to defer receipt of that salary under the terms of
KEDCP or a similar predecessor program but only if such salary is not included in Compensation for purposes of calculating the Title IV accrued benefit due to the election to defer. If applicable, include the deferred salary in the calendar month
and year in which the salary would have been paid had it not been deferred. 

  
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 Exhibit 10.13 

 

	 	(ii)	Include in Compensation any Incentive Compensation Plan award that would have been paid to the Employee but for the fact that he voluntarily elected to defer receipt of
that award under the terms of KEDCP or a similar predecessor program but only if such award is not included in Compensation for purposes of calculating the Title IV accrued benefit due to the election to defer. If applicable, include the deferred
award in the calendar month and year in which the award would have been paid had it not been deferred. 

  

	 	(iii)	Include in Compensation the value of any special award specified by the Committee under the terms of the special award to be included for compensation purposes under
Title IV in the calendar month and year in which any applicable restrictions on the award lapse or, if deferred, in the calendar month and year in which any applicable restrictions would have lapsed absent an election to defer.

  

	 	(iv)	Disregard the limitation on compensation related to Code section 401(a)(17). 

 

	 	(v)	Disregard the limitation on benefits related to Code section 415. 

  

	 	(f)	Each of the components of the accrued benefit under this Plan (the Title I-related accrued benefit, the Title II-related accrued benefit, the Title III-related accrued
benefit, and the Title IV-related accrued benefit) shall be expressed as a straight life annuity starting at the age that is the normal retirement age under the applicable title of the Retirement Plan in accordance with the following rules:

  

	 	(i)	 If the annuity starting date for the relevant Retirement Plan benefit occurs on or before the required commencement date under this Plan, the Title
I-related accrued benefit, the Title II-related accrued benefit, the Title III-related 

  
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 Exhibit 10.13 

 

	 	
accrued benefit, or the Title IV-related accrued benefit, as is applicable, shall first be calculated as of the Retirement Plan annuity starting date related to that component benefit and then
shall be converted actuarially to a straight life annuity payable at age 65 applying actuarial assumptions that are consistent with the relevant Title of the Retirement Plan. The component accrued benefit so calculated shall not be increased or
decreased based on subsequent events. 

  

	 	(ii)	If the annuity starting date for the relevant Retirement Plan benefit has not occurred on or before the required commencement date under this Plan, the Title I-related
accrued benefit, the Title II-related accrued benefit, the Title III-related accrued benefit, or the Title IV-related accrued benefit, as is applicable, shall be calculated as if the relevant Retirement Plan benefit had an annuity starting date and
a form of payment that is the same as the required commencement date and form of payment under this Plan. The resulting component benefit shall then be converted actuarially to an equivalent straight life annuity starting at age 65, and the
component accrued benefit so calculated shall be the component accrued benefit under this Plan and shall not be increased or decreased based on subsequent events. 

 

	 	(g)	The component accrued benefit described in subsection (f) above shall be converted to the actual benefit paid under this Plan applying the methodology specified in
the applicable title of the Retirement Plan. For this purpose, the terms of the applicable title of the Retirement Plan are those in effect as of the annuity starting date used in this Plan. If the applicable title of the Retirement Plan does not
provide a methodology, a reasonable methodology, as determined by the Plan Administrator, shall be used. 

  
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 Exhibit 10.13 

 
 SECTION III. DEATH BENEFIT 

 

	 	(a)	If a Schedule A Employee chooses a 50% joint and survivor annuity and dies after the annuity starting date of that benefit, the spouse beneficiary will be entitled to
payments under this Plan that are 50% of the payments due the Schedule A Employee under this Plan during his lifetime. 

  

	 	(b)	If an Employee who is not a Schedule A Employee dies prior to the date his accrued benefit under this Plan would otherwise commence, this Plan shall provide a death
benefit if the applicable title of the Retirement Plan provides a death benefit under that circumstance. Any death benefit under this Plan shall be paid in a lump sum on the first day of the first calendar month after death. If there is a delay in
payment of the lump sum, regardless of the reason, the Plan shall not make an adjustment to reflect the time value of money. In the case of a Title I-related accrued benefit for an Employee who terminated employment before September 1, 2004,
the death benefit, if any, shall be converted to a present value and paid to the surviving spouse. Except as described in the preceding sentence, the death benefit shall be the present value of the Employee’s entire accrued benefit under this
Plan payable in accordance with the following rules: 

  

	 	(i)	The present value shall be paid to the Employee’s named primary Beneficiary or beneficiaries or, if applicable, to the Employee’s named contingent beneficiary
or beneficiaries if the beneficiary or beneficiaries were named in a manner acceptable to the Plan Administrator. 

  
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 Exhibit 10.13 

 

	 	(ii)	If the Employee had not, prior to his death, named any beneficiary in a manner acceptable to the Plan Administrator, the present value shall be paid to the
Employee’s estate. 

  

	 	(iii)	The present value shall be paid in a lump sum and shall be calculated using the first of the month after death as the annuity starting date and applying the rules
described in Section II(f) and (g) of this Plan for determining the amount to be paid. 

  

	 	(iv)	If a beneficiary makes a “qualified disclaimer” as that term is defined in Section 2518 of the Code, and the Plan Administrator receives a copy of the
disclaimer within 9 months after the employee’s death and before payment of the death benefit under this Plan, at the place designated by the Plan Administrator, the Plan will be administered as if the disclaiming beneficiary had died before
the Employee. 

 SECTION IV. Special Provision for former ARCO Alaska Employees. 

Notwithstanding any provisions to the contrary, in order to comply with the terms of the Board approved Master Purchase and Sale Agreement (“Sale
Agreement”) by which the Company acquired certain Alaskan assets of Atlantic Richfield Company, Inc. (“ARCO”), the following supplemental payments will be made: 

 

	(a)	 The payments which would have been received under Article XXIV – ARCO Flight Crew of Title I of the Retirement Plan for those who were classified
as an Aviation Manager, Chief Pilot, Assistant Chief Pilot, Captain or Reserve Captain as of July 31, 2000 if they 

  
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 Exhibit 10.13 

 

	 	
had been eligible for those benefits under Title I of the Retirement Plan, except that if they receive a limited social security makeup benefit from Title I of the Retirement Plan it will be
offset from the benefit payable from the Plan. 

  

	(b)	A final ARCO Supplemental Executive Retirement Plan (SERP) benefit will be calculated at the earlier of the time an Employee who had an ARCO SERP benefit terminates
employment or, 2 years following the ARCO/BP Amoco p.l.c. merger, April 17, 2002 (“calculation date”). The SERP benefit attributable to service through July 31, 2000 shall be paid by BP Amoco p.l.c. and the difference shall be
paid by this Plan. The SERP calculation will be done as if the Employee had continued to participate in the Atlantic Richfield Retirement Plan and SERP up to the calculation date. The ARCO Annual Incentive Plan (AIP) amount used will be:

  

	 	(i)	If the Employee terminates employment involuntarily prior to April 17, 2002, the highest of the actual AIP in the last 3 years including the AIP target payment
amount for years after 1999 or the payment received under Phillips Annual Incentive Compensation Plan. 

  

	 	(ii)	If the Employee terminates employment voluntarily prior to April 17, 2002, or if the calculation is made as of April 17, 2002, then the AIP will include the
highest 3 year average using the highest of the actual AIP, the AIP target payment amount for years after 1999, or the payment received under Phillips Annual Incentive Compensation Plan. Any benefit paid by this Plan under this Section IV(b)(ii) and
the SERP benefit paid by BP Amoco p.l.c. shall offset the benefit payable from this Plan. 

  
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 Exhibit 10.13 

 
 SECTION V. Payment of Benefits. 

 

	 	(a)	Schedule A Employees 

  

	 	(i)	With respect to a Schedule A Employee, the accrued benefit under this Plan shall be paid as a straight life annuity for the life of the Schedule A Employee commencing
in December, 2005, or if later, six months after Separation from Service. The annuity starting date for calculating the Title I-related and Title IV-related component annuity shall be the annuity starting date used in determining the Schedule A
Employee’s Title I or Title IV benefit, as applicable, and the Plan shall pay interest at a rate of 3% per annum on each delayed payment from the annuity starting date to December 1, 2005. The annuity starting date for calculating the
Title II-related component annuity shall be December 1, 2005, or, if later six months after Separation from Service. 

  

	 	(ii)	Provided, however, notwithstanding subsection (a)(i), a Schedule A Employee has the following choice or choices: 

 

	 	(aa)	A Schedule A Employee who is married may, on or before December 1, 2005, elect, in writing, to receive a 50% joint and survivor annuity with the spouse as survivor
commencing in December, 2005, with the rules regarding the annuity starting date and the payment of interest being as described in subsection (i) above; or 

 

	 	(bb)	 Any Schedule A Employee may elect on or before December 1, 2005, to cancel, in writing, participation in this Plan in which case the Schedule A
Employee shall receive the present value of his 

  
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 Exhibit 10.13 

 

	 	
entire accrued benefit under this Plan on or before December 31, 2005, and shall thereafter have no rights or benefits under this Plan. Provided, however, if a Schedule A Employee is rehired
and becomes employed by the Employer after 2005, he may thereafter accrue a new benefit under this Plan unrelated to the cancelled benefit. 

  

	 	(aaa)	For a Title I-related accrued benefit and a Title IV-related accrued benefit, the present value will be determined applying the rules regarding the annuity starting
date and the payment of interest as described in subsection (a)(i). 

  

	 	(bbb)	For a Title II-related accrued benefit, the present value shall be based on the value of the Schedule A Employee’s Title II-related cash balance account as of
December 1, 2005. 

  

	 	(ccc)	If a Schedule A Employee dies after electing to cancel participation but before payment is made, the payment shall be made to his estate on or before December 31,
2005. 

  

	 	(iii)	If a Schedule A Employee is rehired after 2005 and thereafter accrues a benefit in this Plan, he shall not be considered a Schedule A Employee with respect to such
post-2005 accrued benefit. 

  
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 Exhibit 10.13 

 

	 	(b)	Employees other than Schedule A Employees — With respect to Employees who are not Schedule A Employees, the benefit under this Plan, shall be calculated and paid
as follows: 

  

	 	(i)	Commencement — Unless the accrued benefit has been or will be paid on account of the Employee’s death as described in Section III(b), the present value of the
Employee’s accrued benefit shall be paid in a lump sum on the later of: the Employee’s Plan-age 55 or the first day of the seventh calendar month after the Employee’s Separation from Service; but in no event earlier than
November 1, 2006. 

  

	 	(ii)	Annuity Starting Date for calculating the present value: 

  

	 	(aa)	If the applicable commencement date for a Title I-related or a Title IV-related accrued benefit is the first day of the seventh calendar month after Separation from
Service, the annuity starting date used in calculating the present value shall be the later of: the Employee’s Plan-age 55 or the first day of the first calendar month after the Employee’s Separation from Service; and the Plan shall pay
interest from the annuity starting date to the commencement date at the 6 month T-Bill rate (as determined by the Plan Administrator) in effect on the annuity starting date. If the applicable commencement date for a Title-II-related accrued benefit
is the first day of the seventh calendar month after Separation from Service, the annuity starting date shall be the same as the commencement date. 

  

	 	(bb)	 Except as provided in the second sentence of this subsection (bb), if the applicable commencement date is the Employee’s Plan-age 55 or
November 1, 2006, the annuity starting date used in calculating the 

  
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 Exhibit 10.13 

 

	 	
present value shall be the same as the commencement date. Provided, however, in the case of an Employee whose Separation from Service is in 2006 and whose commencement date under this Plan is
November 1, 2006, the annuity starting date used in calculating the present value shall be the later of: the Employee’s Plan-age 55 or the first day of the first calendar month after the Employee’s Separation from Service; and the
Plan shall pay simple interest from the annuity starting date to November 1, 2006, at the 6 month T-Bill rate (as determined by the Plan Administrator) in effect on the annuity starting date. 

 

	 	(iii)	Except as specifically provided in subsections (b)(ii)(aa) and (bb), the Plan shall not make an adjustment of the benefit to reflect the time value of money if there is
delay in paying the benefit for any reason. 

 SECTION VI. Method of Providing Benefits. 

All amounts payable under this Plan shall be paid solely from the general assets of the Company and any rights accruing to an eligible Employee or
beneficiary under the Plan shall be those of a general creditor; provided, however, that the Company may establish a grantor trust to satisfy part or all of its Plan payment obligations so long as the Plan remains an unfunded excess benefit plan and
or an unfunded benefit plan for a select group of management or highly compensated employees for purposes of Title I of ERISA. 
 SECTION VII.
Nonassignability. 
 The right of an Employee, or beneficiary, or other person who becomes entitled to receive payments under this Plan,
shall not be assignable or subject to garnishment, attachment or any other legal process by the creditors of, or other claimants against, the Employee, beneficiary, or other such person. 

  
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 Exhibit 10.13 

 
 SECTION VIII. Administration. 

 

	(a)	The Plan shall be administered by the Plan Administrator. The Plan Administrator may adopt such rules, regulations and forms as deemed desirable for administration of
the Plan and shall have the discretionary authority to allocate responsibilities under the Plan to such other persons as may be designated. 

  

	(b)	Any claim for benefits hereunder shall be presented in writing to the Plan Administrator for consideration, grant or denial. In the event that a claim is denied in
whole or in part by the Plan Administrator, the claimant, within ninety days of receipt of said claim by the Plan Administrator, shall receive written notice of denial. Such notice shall contain: 

 

	 	(1)	a statement of the specific reason or reasons for the denial; 

  

	 	(2)	specific references to the pertinent provisions hereunder on which such denial is based; 

 

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

  

	 	(4)	an explanation of the following claims review procedure set forth in paragraph (c) below. 

 

	(c)	 Any claimant who feels that a claim has been improperly denied in whole or in part by the Plan Administrator may request a review of the denial by
making written application to the 

  
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Trustee. The claimant shall have the right to review all pertinent documents relating to said claim and to submit issues and comments in writing to the Trustee. Any person filing an appeal from
the denial of a claim must do so in writing within sixty days after receipt of written notice of denial. The Trustee shall render a decision regarding the claim within sixty days after receipt of a request for review, unless special circumstances
require an extension of time for processing, in which case a decision shall be rendered within a reasonable time, but not later than 120 days after receipt of the request for review. The decision of the Trustee shall be in writing and, in the case
of the denial of a claim in whole or in part, shall set forth the same information as is required in an initial notice of denial by the Plan Administrator, other than an explanation of this claims review procedure. The Trustee shall have absolute
discretion in carrying out its responsibilities to make its decision of an appeal, including the authority to interpret and construe the terms hereunder, and all interpretations, findings of fact, and the decision of the Trustee regarding the appeal
shall be final, conclusive and binding on all parties. 

  

	(d)	Compliance with the procedures described in paragraphs (b) and (c) shall be a condition precedent to the filing of any action to obtain any benefit or enforce
any right which any individual may claim hereunder. Notwithstanding anything to the contrary in this Plan, these paragraphs (b), (c) and (d) may not be amended without the written consent of a seventy-five percent (75%) majority of
Participants and Beneficiaries and such paragraphs shall survive the termination of this Plan until all benefits accrued hereunder have been paid. 

  
 21 

 Exhibit 10.13 

 
 SECTION IX. Employment Not Affected by Plan. 

Participation or nonparticipation in this Plan shall neither adversely affect any person’s employment status, or confer any special rights on any
person other than those expressly stated in the Plan. Participation in the Plan by an Employee of the Company or of a Participating Subsidiary shall not affect the Company’s or the Participating Subsidiary’s right to terminate the
Employee’s employment or to change the Employee’s compensation or position. 
 SECTION X. Miscellaneous Provisions. 

 

	(a)	The Board reserves the right to amend or terminate this Plan at any time, if, in the sole judgment of the Board, such amendment or termination is deemed desirable;
provided that the Company shall remain liable for any benefits accrued under this Plan prior to the date of amendment or termination except as herein provided. 

 

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

  

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

  

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

  
 22 

 Exhibit 10.13 

 

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

  
 23 

 Exhibit 10.13 

 
 SECTION XI. Effective Date of the Restated Plan. 

The ConocoPhillips Key Employee Supplemental Retirement Plan is hereby amended and restated as set forth in this 2012 Restatement effective as of the
Effective Time and conditioned on the occurrence of the Distribution. 
 Executed this 19th day of April 2012, by a duly authorized officer of the Company.

  

	
	          /s/ Carin S. Knickel

	Carin S. Knickel
	Vice President, Human Resources

  
 24 

 Exhibit 10.13 

 
 APPENDIX A 

SELECT NEW HIRES TO 
 CONOCOPHILLIPS KEY EMPLOYEE SUPPLEMENTAL RETIREMENT PLAN 
 For Select New Hires, as set
forth in resolutions adopted from time to time by the Human Resources and Compensation Committee of the Board of Directors of ConocoPhillips, or its successor, the following provisions apply: 
 1. The Select New Hire will, effective on the first day of employment with the Controlled Group, become a Participant in the ConocoPhillips Key Employee Supplemental Retirement Plan. In addition to the
benefits provided under the Plan, the Select New Hire will be eligible for a further benefit (the “Further Benefit”), calculated in accordance with the provisions of this Appendix. 
 2. Further Benefit shall mean the difference between the Putative Title I Benefit and the Offsetting Benefits, both as described below. In determining the Further Benefit, paragraphs (f) and
(g) of the Plan shall apply. 
 3. The Putative Title I Benefit shall mean the sum of (i), (ii), and (iii) below: 

 

	 	(i.)	The difference between the Select New Hire’s total accrued benefit under Title I and his actual accrued benefit under Title I. For this purpose, a Select New
Hire’s total accrued benefit under Title I is the accrued benefit he would have if his accrued benefit under Title I were determined under the terms of Title I but with the following modifications: 

 

	 	(aa)	Include in Annual Earnings an award under the Incentive Compensation Plan which the Select New Hire deferred under the terms of KEDCP. Include such award in the
calendar year in which the award would have been paid to the Select New Hire if it had not been deferred. 

  
 25 

 Exhibit 10.13 

 

	 	(bb)	Include in Annual Earnings salary that would have been paid to the Select New Hire but for the fact that he voluntarily elected to defer receipt of that salary under
the terms of KEDCP. Include the deferred salary in Annual Earnings in the calendar year in which the salary would have been paid had it not been deferred. 

  

	 	(cc)	Include in Annual Earnings the initial value of a restricted stock or restricted stock unit award under the Incentive Compensation Plan. Include that value in Annual
Earnings in the calendar year in which the award was granted. 

  

	 	(dd)	Include in Annual Earnings the value of any special award specified by the Committee under the terms of the special award to be included for Annual Earnings purposes
under Title I in the year in which any applicable restrictions on the award lapse or, if deferred, in the year in which any applicable restrictions would have lapsed absent an election to defer. 

 

	 	(ee)	Disregard the limitations on compensation related to Code section 401(a)(17). 

 

	 	(ff)	Disregard the limitation on benefits related to Code section 415. 

  

	 	(gg)	 If the Select New Hire is eligible to receive benefits under the ConocoPhillips Executive Severance Plan or under the ConocoPhillips Key Employee
Change in Control Severance Plan, include in Annual Earnings an amount determined by dividing the Select New Hire’s Salary 

  
 26 

 Exhibit 10.13 

 

	 	
by 4.3333 times the number of weeks or partial weeks from the date the Select New Hire’s employment ends with the Employer to the end of that calendar year. Provided, however, this
subsection (gg) shall be disregarded to the extent the benefit created solely by operation of this subsection (gg) is provided under the terms of Title 1. 

  

	 	(hh)	Determine service credited for purposes of benefit accrual as if the Select New Hire had originally been employed by the Controlled Group on the date that the Select
New Hire began employment with the company with which the Select New Hire was employed immediately prior to becoming employed by the Controlled Group. 

  

	 	(ii.)	In the case of a Select New Hire who terminated employment on or after February 8, 1993, the Title I-related accrued benefit shall include an additional
supplemental accrued benefit calculated under the terms of Title I, but disregarding the limitation on compensation that is taken into account, using as final average earnings the difference, if any, between the Total Final Average Earnings and the
Final Average Earnings used in Title 1. 

  

	 	(iii.)	The Title I-related accrued benefit shall also include any benefit provided under Section IV of this Plan. 

4. The Offsetting Benefits shall mean any benefit, other than the Further Benefit, provided to the Select New Hire under a defined benefit plan of
ConocoPhillips, including but not limited to the ConocoPhillips Retirement Plan (and any successor plan) and the ConocoPhillips Key Employee Supplemental Retirement Plan (and any successor plan), together with any benefit provided to the Select New
Hire under a “defined benefit plan” (as defined in section 3(35) of the 

  
 27 

 Exhibit 10.13 

 
 
Employee Retirement Income Security Act of 1974, as amended (ERISA)), including any such plan regardless of whether it might also be considered an “excess benefit plan” as defined in
section 3(36) of ERISA, of the company by which the Select New Hire was employed immediately prior to becoming an employee of the Controlled Group. In determining the value of a benefit provided by an employer which is not a member of the Controlled
Group, the Plan Administrator may make any reasonable assumptions necessary and use such information as may be publicly available, provided by such employer, or provided by the Select New Hire, although it is within the discretion of the Plan
Administrator to determine which such information and assumptions to use and to disregard any information which the Plan Administrator considers invalid, incomplete, or otherwise suspect. 
 5. Nothing in this Appendix is intended to affect the other operations or provisions of the Plan. If the Select New Hire is, under the provisions of the Plan, otherwise eligible to participate in the
Plan, the Select New Hire will do so in accordance with those provisions. 

  
 28Amendment and Restatement Supplemental Executive Retirement Plan

 Exhibit 10.14 

 
 CONOCOPHILLIPS 

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 
 The ConocoPhillips Supplemental Executive Retirement Plan is hereby amended and restated effective as of the “Effective Time” defined in the Employee Matters Agreement by and between
ConocoPhillips and Phillips 66 (the “Effective Time”) and conditioned on the occurrence of the “Distribution” defined in such Employee Matters Agreement (the “Distribution”). 

PRE-AMERICAN JOBS CREATION ACT OF 2004 (“AJCA”) 
 GRANDFATHERED PROVISIONS 
 Benefits under this Plan, formerly the Phillips Petroleum Company
Supplemental Executive Retirement Plan, (the “Phillips Plan”), that commenced prior to January 1, 2005 (“AJCA-grandfathered benefits”), shall be subject exclusively to the terms and conditions of the Phillips Plan in effect
or before October 3, 2004. No change in the ConocoPhillips Retirement Plan adopted subsequent to such date and no change in the Phillips Plan or in the ConocoPhillips Supplemental Executive Retirement Plan adopted after such date shall apply to
an AJCA-grandfathered benefit. Provided, however, for purposes of this paragraph, benefits shall be deemed to have commenced prior to January 1, 2005 and shall be AJCA-grandfathered benefits if the relevant corporate officer or committee
approved the eligible employee’s petition regarding time and form of payment before January 1, 2005 even if the benefit commenced after December 31, 2004. The “relevant corporate officer or committee” means the person or
persons with the authority under the Phillips Plan to approve a petition regarding the time and form of payment. 

  
 - 1 -

 Exhibit 10.14 

 
 SECTION I - PURPOSE 

The purpose of the ConocoPhillips Supplemental Executive Retirement Plan (“Plan”) is to supplement the retirement benefits of Retiring eligible
employees who were hired in mid- career. ConocoPhillips Company (“Company”) recognizes that from time to time, it retains the services of employee(s) after the employee has performed services at another company (or companies) for varying
periods of time, in order to obtain the special skills and expertise developed by the key employee during these other periods of employment. These employees generally forego all or a portion of their potential retirement benefits upon leaving their
previous employer(s). This Plan, therefore, supplements retirement benefits to at least partially compensate for the loss of retirement benefits accrued at the previous employer(s). The amount of supplemental benefit payable under this Plan is not
intended to cause a Retiring eligible employee’s retirement benefit to equal or exceed a full career Retiring eligible employee’s benefit. 
 SECTION II - DEFINITION OF TERMS 
  

					
	 a)
	 	Affiliated Group	 	shall mean the Company plus other subsidiaries and affiliates in which it owns a 5% or more equity interest.
			
	 b)
	 	Retirement Income Plan	 	is Title I of the ConocoPhillips Retirement Plan.
			
	 c)
	 	Retirement (or Retire, or Retiring)	 	is termination of employment with the Company and controlled group on or after the employee’s earliest early retirement date as defined in the Retirement Income Plan. It
includes termination of employment at an age below 55 only when Section V applies.

  
 - 2 -

 Exhibit 10.14 

 

					
	d)	 	Credited Service, Final Average Earnings, Normal Retirement Date, and Early Retirement Date	 	as determined in accordance with the provisions of the Retirement Income Plan.
			
	e)	 	Total Final Average Earnings	 	is the average of the high 3 earnings, excluding Incentive Compensation Plan Awards, paid in consecutive years of the last 10 years prior to termination of employment plus the
average of the high 3 Incentive Compensation Plan Awards for any of such last 10 years under the Incentive Compensation Plan, whether paid or deferred and shall include the value of any special awards specified by the Compensation Committee to be
included for final average earnings purposes under the terms of the special awards when granted by the Compensation Committee, and shall also recognize benefits paid under Section 2.1(a) of the ConocoPhillips Executive Severance Plan in the same
manner as layoff pay is recognized under the Retirement Income Plan.
			
	f)	 	Total Credited Service	 	is an employee’s Credited Service plus any additional months of service as calculated under the Principal Corporate Officers Supplemental Retirement Plan and Missed Credited
Service as defined in subsection (j) of Section 11 of Article I in the Retirement Income Plan, plus months of service by recognizing benefits paid under Section 2.1(a) of the ConocoPhillips Executive Severance Plan in the same manner as layoff pay
is recognized under the Retirement Income Plan.
			
	g)	 	Plan Administrator	 	means the Manager, Global Compensation and Benefits, COE or his successors.
			
	h)	 	Trustee	 	means the trustee of the grantor trust established for this Plan by a trust agreement between the Company and the trustee, or any successor trustee.
			
	i)	 	Participating Subsidiary	 	means a subsidiary of the Company, of which the Company beneficially owns, directly or indirectly, more than 80% of the aggregate voting power of all outstanding classes and series
of stock, where such subsidiary has adopted one or more plans making participants eligible for participation in this Plan.

  
 - 3 -

 Exhibit 10.14 

 
 SECTION III - ELIGIBLE EMPLOYEES 

All employees of the Company who are participants in the Retirement Income Plan and who, a) as of November 1, 1988 participated in the Incentive
Compensation Plan as members of Teams I, II, III (including those individuals promoted to such levels through November 1, 1988, i.e., Grade 33 or above and ICP eligible), or b) were active employee participants or were eligible to participate
in the Key Employee Death Protection Plan on the date of its termination (December 31, 1986), c) are hired subsequent to November 1, 1988 and at the time of hire are recommended for participation in the Plan by the Plan Administrator, with
approval by the Chief Executive Officer of the Company, or d) prior to retirement are recommended for participation in the Plan by the Plan Administrator, with approval by the Chief Executive Officer of the Company, will be eligible for benefits
under this Plan. 
 SECTION IV - ELIGIBILITY FOR BENEFITS 
 An eligible employee as described in Section III, will be eligible to receive the benefit amount described in Section VI only if the results of (a) below exceed the results of (b) below where:

  

	 	(a)	is the lesser of the following percentages; 

  

	 	(i)	2.4% times the greater of the eligible employee’s Credited Service or the Employee’s Total Credited Service at the time of Retirement; or

  
 - 4 -

 Exhibit 10.14 

 
  

	 	(ii)	the Maximum SERP Benefit Percentage shown in the schedule below based upon the eligible employee’s attained age at Retirement 

and, (b) is the percentage derived by multiplying 1.6% times the eligible employee’s Total Credited Service at the time of Retirement. 

 

			
	   Attained

   Age at
 Retirement
	  	Maximum SERP
Benefit Percentage
	 65
	  	60.0%
	 64
	  	58.4%
	 63
	  	56.8%
	 62
	  	55.2%
	 61
	  	53.6%
	 60
	  	52.0%
	 59
	  	50.4%
	 58
	  	48.8%
	 57
	  	47.2%
	 56
	  	45.6%
	 55
	  	44.0%
	 54 or younger
	  	-0-

 SECTION V - SPECIAL ELIGIBILITY 
 An eligible employee as described in Section III who is less than age 55 and who is laid off under the Layoff Plan of Phillips Petroleum Company and/or the Supplemental Layoff Plan of Phillips Petroleum
Company and/or the Enhanced Supplemental Layoff Pay Plan of Phillips Petroleum Company and/or the Phillips Layoff Plan and/or the Work Force Stabilization Plan of Phillips Petroleum Company and/or who receives benefits under the Phillips Petroleum
Company Executive Severance Plan and/or the ConocoPhillips Executive Severance Plan and/or the ConocoPhillips Key Employee Change in Control Severance Plan and/or the ConocoPhillips Severance Pay Plan or any similar plans which may be adopted by the
Company from time to time, immediately after terminating employment with the Company or a Participating Subsidiary, will be eligible to receive the benefit described in Section VI if the results of (a) below exceed the results of (b) below
where: 
  

	 	(a)	is the lesser of the following percentages; 

  
 - 5 -

 Exhibit 10.14 

 
  

	 	(i)	2.4% times the greater of an eligible employee’s Credited Service, or the employee’s Total Credited Service at the time of layoff or termination; or

  

	 	(ii)	the Maximum SERP Benefit Percentage shown in the schedule below based upon the eligible employee’s attained age at the time of layoff or termination.

 and, (b) is the percentage derived by multiplying 1.6% times the eligible employee’s Total Credited Service at the time of
layoff or termination. 
  

			
	 Attained Age

  at the time
   of Layoff
	  	Maximum SERP
Benefit Percentage
	       54
	  	42.4%
	       53
	  	40.8%
	       52
	  	39.2%
	       51
	  	37.6%
	       50
	  	36.0%
	       49
	  	34.4%
	       48
	  	32.8%
	       47
	  	31.2%
	       46
	  	29.6%
	       45
	  	28.0%
	       44
	  	26.4%
	       43
	  	24.8%
	       42
	  	23.2%
	       41
	  	21.6%
	       40
	  	20.0%
	       39
	  	18.4%
	       38
	  	16.8%
	       37
	  	15.2%
	       36
	  	13.6%
	       35
	  	12.0%
	       34
	  	10.4%
	       33
	  	8.8%
	       32
	  	7.2%
	       31
	  	5.6%
	       30
	  	4.0%
	       29
	  	2.4%
	       28
	  	0.8%

  
 - 6 -

 Exhibit 10.14 

 
 SECTION VI - BENEFIT AMOUNT 

Notwithstanding anything to the contrary in this Section VI, and subject to the AJCA Grandfather Provisions of this Plan, the rules for calculating an
eligible employee’s benefit will be applied consistently with good faith compliance with section 409A of the Internal Revenue Code of 1986 as amended; and any provisions of this Plan to the contrary will be disregarded. An eligible employee who
qualifies for benefits under this Plan in accordance with Sections IV and V will be eligible to receive retirement benefits from the Plan as follows: 
  

	 	A.	With respect to eligible employees who commence retirement benefits on or after their Normal Retirement Date - multiply the lesser of (a)(i) or (a) (ii) as
computed in Sections IV or V, as applicable, times the greater of the employee’s Final Average Earnings or the employee’s Total Final Average Earnings and with the results reduced by the portion of the eligible employee’s Primary
Social Security benefit as determined in the same manner as such reduction is determined under the Final Average Earnings formula of the Retirement Income Plan. 

 

	 	B.	With respect to eligible employees who commence retirement benefits at an Early Retirement Date - benefits will be calculated in the same manner as the benefits for
Normal Retirement Date, as described in A. of this Section, but reduced for early retirement in the same manner as is applicable under the Retirement Income Plan. 

  
 - 7 -

 Exhibit 10.14 

 
 In either A. or B. above the Retirement Income Plan calculations shall be
made as if no benefit limitations were imposed by the Internal Revenue Code and no benefit reductions resulted from participation in any qualified or non-qualified Company-sponsored benefit plan, and the resulting benefit amount will be reduced by
applicable retirement benefit payments for which the retiree is eligible from any of the following plans, or any other similar plan or plans, of the Company or any of its subsidiary or affiliated companies; Retirement Income Plan, the Retirement
Restoration Plan of Phillips Petroleum Company, the Retirement Makeup Plan of Phillips Petroleum Company, Principal Corporate Officers Supplemental Retirement Plan of Phillips Petroleum Company, the Phillips Petroleum Company Key Employee Death
Protection Plan, the ConocoPhillips Key Employee Supplemental Retirement Plan, and the Key Employee Missed Credited Service Retirement Plan. 
 SECTION VII - PAYMENT OF RETIREMENT BENEFITS 
 Subject to the AJCA Grandfather provisions
of the Plan, payment of benefits to eligible employees shall be as follows: 
  

	 	A.	The rules for payment of benefits to eligible employees listed on Schedule A attached to this plan (“Schedule A Employees”) shall be as follows:

  

	 	(1)	The benefit shall be paid as a straight life annuity for the life of the Schedule A Employee commencing in December, 2005, or if later, six months after Separation from
Service. The Plan shall pay simple interest at a rate of 3% per annum on each delayed payment from the annuity starting date to December 1, 2005. 

 

	 	(2)	Provided, however, notwithstanding subsection A.(1), (i) a Schedule A Employee who is married may, on or before December 1, 2005, elect, in writing, to
receive a 50% joint and survivor annuity with the spouse as survivor commencing in December, 2005, with the rules regarding interest being as described in subsection (1) above; and 

  
 - 8 -

 Exhibit 10.14 

 
 (ii) Any Schedule A Employee may elect on or before
December 1, 2005, to cancel, in writing, participation in this Plan in which case the Schedule A Employee shall receive the present value of his entire accrued benefit under this Plan on or before December 31, 2005. 

 

	 	B.	Benefits that commence under this Plan after 2005 for an eligible employee who is not a Schedule A Employee shall be paid in a lump sum the later of the first day of
the first calendar month after the day the employee becomes age 55 (or, if the Retirement Income Plan treats the Employee as turning age 55 before that birth date, on the day he is treated as being age 55) or the first day of the seventh calendar
month after Separation from Service as that term is defined in section 409A of the Internal Revenue Code and regulatory guidance thereunder (excluding death) but in no event before November 1, 2006. If the applicable commencement date is the
first day of the seventh calendar month after Separation from Service (as that term is defined in Code section 409A and regulatory guidance thereunder), the Plan shall pay simple interest at the 6 month T-Bill rate (as determined by the Plan
Administrator) in effect as of the annuity starting date. Such interest shall be paid from the annuity starting date used in calculating the benefit under this Plan to the commencement date. 

Notwithstanding anything to the contrary in the Plan, any distributions with regard to benefits earned under the Plan that are made on or
after January 1, 2005, shall be made in accordance with, at the same time as, and in the same form as distributions with 

  
 - 9 -

 Exhibit 10.14 

 
 regard to benefits earned under the ConocoPhillips Key
Employee Supplemental Retirement Plan (“KESRP”). In the event no distributions are due to the Participant from KESRP on or after January 1, 2005, then the time and form of any distributions with regard to benefits earned under the
Plan shall be made in accordance with, at the same time as, and in the same form as distributions would have been made under the provisions of KESRP. 
 SECTION VIII - METHOD OF PROVIDING BENEFITS 
 This Plan shall be unfunded. All benefits
shall be provided solely from the general assets of the Company and any rights accruing to an eligible employee under the Plan shall be those of a general creditor; provided, however, that the Company may establish a grantor trust to satisfy part or
all of its Plan payment obligations so long as the plan remains unfunded for purposes of Title I of ERISA. 
 SECTION IX -
MISCELLANEOUS PROVISIONS 
  

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

  

	(b)	Any claim for benefits hereunder shall be presented in writing to the Plan Administrator for consideration, grant or denial. In the event that a claim is denied in
whole or in part by the Plan Administrator, the claimant, within ninety days of receipt of said claim by the Plan Administrator, shall receive written notice of denial. Such notice shall contain: 

 

	 	(1)	a statement of the specific reason or reasons for the denial; 

  
 - 10 -

 Exhibit 10.14 

 
  

	 	(2)	specific references to the pertinent provisions hereunder on which such denial is based; 

 

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

  

	 	(4)	an explanation of the following claims review procedure set forth in paragraph (c) below. 

 

	(c)	Any claimant who feels that a claim has been improperly denied in whole or in part by the Plan Administrator may request a review of the denial by making written
application to the Trustee. The claimant shall have the right to review all pertinent documents relating to said claim and to submit issues and comments in writing to the Trustee. Any person filing an appeal from the denial of a claim must do so in
writing within sixty days after receipt of written notice of denial. The Trustee shall render a decision regarding the claim within sixty days after receipt of a request for review, unless special circumstances require an extension of time for
processing, in which case a decision shall be rendered within a reasonable time, but not later than 120 days after receipt of the request for review. The decision of the Trustee shall be in writing and, in the case of the denial of a claim in whole
or in part, shall set forth the same information as is required in an initial notice of denial by the Plan Administrator, other than an explanation of this claims review procedure. The Trustee shall have absolute discretion in carrying out its
responsibilities to make its decision of an appeal, including the authority to interpret and construe the terms hereunder, and all interpretations, findings of fact, and the decision of the Trustee regarding the appeal shall be final, conclusive and
binding on all parties. 

  
 - 11 -

 Exhibit 10.14 

 
  

	(d)	Compliance with the procedures described in paragraphs (b) and (c) shall be a condition precedent to the filing of any action to obtain any benefit or enforce
any right which any individual may claim hereunder. Notwithstanding anything to the contrary in this Plan, these paragraphs (b), (c) and (d) may not be amended without the written consent of a seventy-five percent (75%) majority of
Participants and Beneficiaries and such paragraphs shall survive the termination of this Plan until all benefits accrued hereunder have been paid. 

  

	(e)	The Chief Executive Officer, may amend or terminate this Plan at any time if, in his or her sole judgment such amendment or termination is deemed desirable. However,
such amendments may not increase the benefits payable hereunder to any Officer of the Company who is also currently a Director of the Company. Further, any termination of the Plan with respect to amounts subject to Code section 409A shall comply
with the Treasury Regulation section 1.409A-3(j)(ix). 

  

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

  

	(g)	Participation or nonparticipation in this Plan shall not affect any eligible employee’s employment status, or confer any special rights other than those expressly
stated in the Plan. 

  

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

  
 - 12 -

 Exhibit 10.14 

 
  

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

  

	(j)	If due to special circumstances, the Plan Administrator needs an additional 90-day period to render a decision on the initial claim to the Plan, an additional time of
up to 90 days from the end of the initial 90-day period established in (b) may be taken. If the Plan Administrator determines that an extension of time is required, written notice of the extension shall be furnished to the claimant prior to the
end of the initial 90-day period. In no event shall the extension exceed a period of 90 days from the end of the initial period. The extension notice shall indicate the special circumstances requiring an extension of time and the date by which the
Plan expects to render the benefit determination. 

 The notice provided to the claimant upon the notice of denial
of a claim by the Plan Administrator or the denial of an appeal by the Trustee, shall contain a statement explaining the claimant’s right to obtain an explanation of the Plan’s claim review procedures and time limits, and the right to
bring a civil action under section 502(a) of ERISA following denial of the benefit on review. 
  

	(k)	 At the Effective Time, certain active employees of Phillips 66 and members of its controlled group ceased to participate in the Plan, and the
liabilities, including liabilities related to benefits grandfathered from Code section 409A (i.e., amounts deferred and vested prior to January 1, 2005), for these participant’s benefits under the Plan were

  
 - 13 -

 Exhibit 10.14 

 

	 	
transferred to the members of the Phillips 66 controlled group and continued as the Phillips 66 Supplemental Executive Retirement Plan. ConocoPhillips distributed its interest in Phillips 66 to
its shareholders as of the Distribution. On and after the Effective Time, the Company, ConocoPhillips, other members of the controlled group (as determined after the Distribution), the Plan, any directors, officers, or employees of any member of the
controlled group (as determined after the Distribution), and any successors thereto, shall have no further obligation or liability to, or on behalf of, any such participant with respect to any benefit, amount, or right transferred to or due under
the Phillips 66 Supplemental Executive Retirement Plan. 

  
 - 14 -

 Exhibit 10.14 

 
 SECTION X - EFFECTIVE DATE 

The ConocoPhillips Supplemental Executive Retirement Plan is hereby amended and restated effective as of the Effective Time and conditioned on the
occurrence of the Distribution. 
 Executed this 19th day of April 2012, by a duly authorized officer of the Company. 

CONOCOPHILLIPS 
  

									
	By:	 	 /s/ Carin S. Knickel
	 		 	Dated:	 	April 19, 2012
		 	Carin S. Knickel	 		 		 	
		 	Vice President, Human Resources	 		 		 	

  
 - 15 -

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