Document:

EX-10.15

 Exhibit 10.15 

UNITED BANKSHARES, INC. 

SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT 

THIS AGREEMENT, made and entered into the      day of
            , 2018, by and between UNITED BANKSHARES, INC., a West Virginia holding company (the “Company”), and
                     an Executive of the Company (hereinafter referred to as the “Executive”). 

WHEREAS, the Executive is and continues to be a valued Executive of the Company who is a member of a select
group of management or a highly-compensated employee of the Company; 
 WHEREAS, the purpose of this Supplemental
Executive Retirement Plan Agreement (“Agreement” or “Executive Plan”) is to further the growth and development of the Company by providing the Executive with a supplemental retirement payment or payments, and thereby encouraging
executive retention and the Executive’s continued productive efforts on behalf of the Company; 
 WHEREAS, it
is the desire of the Company and the Executive to enter into this Agreement under which the Company will agree to make a certain payment or payments to the Executive at retirement or to the Executive’s Beneficiary in the event of the
Executive’s death pursuant to this Agreement; and 
 ACCORDINGLY, it is intended that the Agreement be
“unfunded” for purposes of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) and not be construed to provide income to the participant or beneficiary under the Internal Revenue Code of 1986, as amended
(the “Code”), particularly Section 409A of the Code and guidance or regulations issued thereunder, prior to actual receipt of benefits. 

THEREFORE, it is agreed as follows: 

INTRODUCTION 

To encourage the Executive to remain an employee of the Company, the Company is willing to provide supplemental retirement
benefits to the Executive. The Company will pay the benefits from its general assets. 

 AGREEMENT 

The Company and the Executive agree as follows: 

Article 1 
 Definitions

 Whenever used in this Agreement, the following words and phrases shall have the meanings specified: 

1.1    “Code” means the Internal Revenue Code of 1986, as amended. 

1.2    “Disability” shall mean the Executive: (i) is unable to engage in any
substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, or (ii) is,
by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a
period of not less than three (3) months under an accident and health plan covering employees of the Company. Medical determination of Disability shall be made by the Company’s provider of long-term disability benefits or, if the Company
does not provide long-term disability benefits or Executive is not otherwise eligible to participate in such benefit plan, by the Social Security Administration. Upon the request of the Company, the Executive must submit proof to the Company or its
designee of the long-term disability benefits provider’s or the Social Security Administration’s determination. 

1.3    “Early Termination” means the Termination of Employment before Normal Retirement
Age and before Disability, and for reasons other than death, Disability, or Termination for Cause. 

1.4    “Early Termination Date” means the month, day and year in which Early Termination
occurs. 
 1.5    “Effective Date” means March 1, 2017. 

1.6    “Normal Retirement Age” means the Executive’s 62nd birthday. 
 1.7    “Normal Retirement
Date” means the later of Normal Retirement Age or Termination of Employment. 

1.8    “Plan Year” means a twelve-month period commencing on March 1 and
ending on the last day of February of each year. The initial Plan Year shall commence on March 1, 2017. 

1.9    “Specified Employee” means, in the case of Executive, if Executive shall meet the
requirements of Code Section 416(i)(1)(A)(i), (ii) or (iii) (applied in accordance with the regulations thereunder and disregarding Section 416(i)(5)) at any time during the 12-month period ending on
any Specified Employee Identification Date, which shall be the last day of February of each calendar year, (or otherwise meeting the requirements applicable to qualification as a ‘Specified Employee’ under Code Section 409A and the
regulations and guidance issued thereunder), that Executive shall, in such event, for purposes of this Agreement, thereafter be a Specified Employee under this Agreement for the period of time consisting of the entire
12-month period beginning on the Specified Employee Effective Date, and said Specified Employee Effective Date shall be the first day of the fourth month following the Specified Employee Identification Date.

  
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 1.10    “Termination for Cause” shall be
defined as set forth in Article 5. 
 1.11    “Termination of Employment” means that
the Executive ceases to be employed by the Company for any reason, voluntary or involuntary, other than by reason of a leave of absence approved by the Company, provided however, that the employment relationship is treated as continuing intact while
the Executive is on military leave, sick leave, or other bona fide leave of absence (such as temporary employment by the government) if the period of such leave does not exceed six months, or if longer, so long as the individual’s right
to reemployment with the Company is provided either by statute or by contract and provided further that if the period of leave exceeds six months and the Executive’s right to reemployment is not provided either by statute or by contract, the
employment relationship is deemed to terminate on the first date immediately following such six-month period. Notwithstanding the foregoing, where a leave of absence 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 such six-month period. In addition,
notwithstanding any of the foregoing, the terms “Termination of Employment” shall mean “Separation from Service” hereunder and such terms shall be interpreted under this Agreement in a manner consistent with the requirements of
Code Section 409A and applicable regulations and guidance issued thereunder, which is incorporated herein by reference as if set forth in full. 

Article 2 
 Benefits
During Lifetime 
 2.1    Normal Retirement Benefit. Subject to the provisions of
Section 2.4, upon Termination of Employment on or after Normal Retirement Age, for reasons other than death, the Company shall pay to the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this
Agreement. 
 2.1.1    Amount of Benefit. The annual benefit under this
Section 2.1 is $50,000 (Fifty Thousand Dollars). Any amendment to this subparagraph 2.1.1, including but not limited to any increase, in the sole discretion of the Company’s Board of Directors, in the annual benefit under this
Section 2.1.1 shall require a written amendment to this Agreement, and shall be subject to the restrictions on amendment set forth in Article 7 of this Agreement. 

2.1.2    Payment of Benefit. Subject to the provisions of Section 2.4, the
Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the first day of the month following the Executive’s Normal Retirement Date. The annual benefit shall be paid to the Executive for a period
of 15 years. 
 2.2    Early Termination Benefit. Subject to the provisions of Section 2.4,
upon Early Termination prior to Disability, the Company shall pay to the Executive the benefit described in this Section 2.2 in lieu of any other benefit under this Agreement. 

  
 3 

 2.2.1    Amount of Benefit. The annual
benefit under this Section 2.2 is the dollar amount equal to the Amount of Benefit defined in Section 2.1.1, subject to the following vesting schedule, for the Plan Year ending immediately prior to the Early Termination Date, plus a
prorated vesting percentage to the month in which Early Termination occurs: 
  

			
	 	 
	Plan Year	  	Vested Percentage
	 1
	  	10
	
2
	  	20
	 3
	  	30
	 4
	  	40
	
5
	  	50
	
6
	  	60
	 7
	  	70
	
8
	  	80
	 9
	  	90
	
10 or greater
	  	100

 Notwithstanding the foregoing, or any other provision of this Subsection
2.2.1 or of this Agreement, Executive shall be 100% vested in the Early Termination Benefit and the foregoing vesting percentage provisions shall not apply, in the event that the Early Termination of Executive is by death or is: 

(i)  at any time after a Change of Control, either (A) a voluntary resignation of Executive,
for any reason or no reason, or (B) an involuntary termination of Executive by the Company other than for Cause, or 

(ii)  at any time regardless of whether a Change of Control has occurred, either (A) a
resignation of Executive for Good Reason or (B) an involuntary termination of Executive by the Company other than for Cause. 

2.2.2    Payment of Benefit. Subject to the provisions of Section 2.4, the
Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with first day of the month following Normal Retirement Age. The annual benefit shall be paid to the Executive for a period of 15 years. 

2.3    Disability Benefit. If the Executive is Disabled prior to Normal Retirement Age and prior to
Early Termination, the Company shall pay to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Agreement. 

2.3.1    Amount of Benefit. The annual benefit under this Section 2.3, in the
event the Executive is Disabled prior to Normal Retirement Age and prior to Early Termination, is the dollar amount equal to the Amount of Benefit defined in Section 2.1.1. 

2.3.2    Payment of Benefit. The Company shall pay the annual benefit to the
Executive in 12 equal monthly installments commencing with the first day of the month following Normal Retirement Age. The annual benefit shall be paid to the Executive for a period of 15 years. 

  
 4 

 2.4      Six Month Delay for Payment After
Termination of Employment or Separation from Service of Any Specified Employee. Notwithstanding the provisions of Section 2.1, 2.2 or any other provision of this Agreement, if any payment is to be made under Section 2.1, 2.2 or any
other provision of this Agreement, to Executive upon or based upon Termination of Employment or Separation from Service other than by death, in the event that Executive is a Specified Employee on the date of the Executive’s Termination of
Employment or Separation from Service, and such payment is to be made to Executive upon or within six months after Executive’s Termination of Employment or Separation from Service, other than by death, then such payment shall instead be made on
the date which is six months after such Termination of Employment or Separation from Service of Executive (other than by death,) provided further, however, that in the case of any monthly installments to be paid upon or based upon Termination of
Employment or Separation from Service other than by death, if any such monthly installments are to be paid on or before the date which is six months after Executive’s Termination of Employment or Separation from Service, other than by death,
(in the event that Executive is a Specified Employee on the date of Executive’s Termination of Employment or Separation from Service other than by death,) the first such installment shall be paid on the date which is six months after such
Separation from Service or Termination of Employment of Executive (other than by death,) with the monthly installments to continue thereafter. Notwithstanding any of the foregoing, or any other provision of this Agreement, no payment upon or based
upon Separation from Service or Termination of Employment may be made under this Agreement before the date that is six months after the date of Separation from Service or Termination of Employment, or, if earlier, the date of death, of Executive in
the event that Executive is a Specified Employee on Executive’s date of Separation from Service or Termination of Employment. 

Article 3 
 Death
Benefits 
 3.1    Death During Active Service. If the Executive dies while in the active
service of the Company, and is entitled to a benefit under Article 2 of this Agreement, the Company shall pay the same benefit payments and for the same period of time as provided in the Agreement to the Executive’s beneficiary in the amount
that the Executive was entitled to as of the date of his death under said Article 2, except that the benefit payments shall commence on the first day of the month following the date of the Executive’s death. 

3.2    Death During Payment of a Benefit. If the Executive dies after any benefit payments have
commenced under Article 2 of this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Executive’s beneficiary at the same time and in the same amounts they would have been paid to the Executive
had the Executive survived, except that the provisions of Section 2.4 shall not apply. 

3.3    Death After Disability or Termination of Employment But Before Payment of a Benefit
Commences. If the Executive is entitled to a benefit under Article 2 of this Agreement, but dies after Disability or Termination of Employment but prior to the commencement of said benefit payments, the Company shall pay the same benefit
payments to the Executive’s 

  
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beneficiary that the Executive was entitled to prior to death except that the benefit payments shall commence on the earlier of (i) the same time they would have been paid to the Executive
had the Executive survived, or (ii) the first day of the month following the date of the Executive’s death, and the provisions of Section 2.4 shall not apply. 

Article 4 
 Beneficiaries

 4.1    Beneficiary Designations. The Executive shall designate a beneficiary by filing a
written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and received by the Company during the
Executive’s lifetime. The Executive’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Executive, or if the Executive names a spouse as beneficiary and the marriage is subsequently dissolved.
If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive’s estate. 

4.2    Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent,
or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The
Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit. 

Article 5 
 General
Limitations 
 5.1    Termination for Cause. Notwithstanding any provision of this Agreement
to the contrary, the Company shall not pay any benefit under this Agreement if the Company terminates the Executive’s employment for: 

(a)    Gross negligence or gross neglect of duties; 

(b)    Commission of a felony or of a gross misdemeanor involving moral turpitude; or 

(c)    Fraud, disloyalty, dishonesty or willful violation of any law or significant Company policy
committed in connection with the Executive’s employment and resulting in an adverse effect on the Company. 

5.2    Competition After Termination of Employment. The Company shall not pay any benefit under
this Agreement if the Executive, at any time during the 12 calendar months following Termination of Employment and without the prior written consent of the Company (a) engages in or becomes associated with, in the capacity of employee,
director, officer, principal, agent, trustee or in any other capacity whatsoever, any Competitive Enterprise; or (b) becomes interested in, directly or indirectly, as a proprietor, partner, officer, director, member, consultant or substantial
stockholder, shareholder, or stakeholder, any Competitive Enterprise (said restrictions are hereinafter sometimes referred to as the “Non-Competition Restrictions.”)

  
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Notwithstanding the foregoing, or any other provision of this Section 5.2 or of this Agreement, Executive shall not be subject to the
“Non-Competition Restrictions” in the event that the Termination of Employment of the Executive is: 

(i)        at any time after a Change of Control, either (A) a
voluntary resignation of Executive, for any reason or no reason, or (B) an involuntary termination of Executive by the Company other than for Cause, or 

(ii)        at any time regardless of whether a Change of Control has
occurred, either (A) a resignation of Executive for Good Reason or (B) an involuntary termination of Executive by the Company other than for Cause. 

For purposes of Subsection 2.2.1 and this Section 5.2 the following definitions shall apply: 

(a)  “Change of Control” shall mean with respect to (i) Company or an Affiliate for whom the
Executive is performing services at the time of the Change of Control Event; (ii) Company or any Affiliate that is liable for the payment to the Executive hereunder (or all corporations liable for the payment if more than one corporation is
liable) but only if either the deferred compensation is attributable to the performance of service by the Executive for Company or such corporation (or corporations) or there is a bona fide business purpose for Company or such corporation or
corporations to be liable for such payment and, in either case, no significant purpose of making Company or such corporation or corporations liable for such payment is the avoidance of Federal Income tax; or (iii) a corporation that is a
majority shareholder of a corporation identified in paragraph (i) or (ii) of this Subsection, or any corporation in a chain of corporations in which each corporation is a majority shareholder of another corporation in the chain, ending in a
corporation identified in paragraph (i) or (ii) of this Subsection, a Change in Ownership or Effective Control or a Change in the Ownership of a Substantial Portion of the Assets of a Corporation as defined in Section 409A of the Code, and
the regulations or guidance issued by the Internal Revenue Service thereunder, meeting the requirements of a “Change in Control Event” thereunder. 

(b)  “Competitive Enterprise” means any business, organization, company, corporation, partnership or
business entity or enterprise of any type that (i) is or may be deemed to be competitive with any business carried on by the Company as of the date of Termination of Employment, and (ii) is conducted within a
50-mile radius of any Company location where Executive conducted or supervised or otherwise engaged in business of the Company. 

(c)  Executive understands that the Company has legitimate business interests it wishes to protect without
unreasonably restricting Executive’s ability to seek or obtain employment after his employment with the Company ends for any reason. Executive understands that the damages the Company will suffer as a result of Executive’s breach of this
Section 5.3 of the Agreement are impossible to reasonably calculate and may cause irreparable harm to the Company. Nothing in this Agreement shall be construed to prevent the Company from seeking any form of injunctive relief to enforce any
provision of this Agreement. 
 (d)  “Good Reason” means there is: (i) a decrease in the total
amount of the Executive’s base salary, without the Executive’s consent; or (ii) a material reduction in the importance of the 

  
 7 

 
Executive’s job responsibilities, without the Executive’s consent; or (iii) a geographical relocation of the Executive to an office more than 50 miles from the Executive’s
office location immediately prior to such relocation, without the Executive’s consent. 
 Article 6 

Medical Determination of Disability 

6.1    Medical Determination of Disability. The medical determination of Disability under this
Agreement shall be made solely and exclusively in the following manner: by the Company’s provider of long-term disability benefits, or, if the Company does not provide long-term disability benefits or Executive is not otherwise eligible to
participate in such benefit plan, by the Social Security Administration. 
 Article 7 

Amendments and Termination 

This Agreement may be amended or terminated only by a written agreement signed by the Company and the Executive, provided that
with respect to a termination, no acceleration of any benefit shall be permitted hereunder except where the acceleration of the benefit is made pursuant to a termination and liquidation in a manner that would not constitute an impermissible
acceleration under Code Section 409A pursuant to Treas. Reg. 1.409A-3(j)(4)(ix) or any similar or successor law, regulation or guidance thereunder of like import. 

Notwithstanding the previous paragraph in this Article 7, the Company may amend or terminate this Agreement at any time if,
pursuant to legislative, judicial or regulatory action, continuation of the Agreement would (i) cause benefits to be taxable to the Executive prior to actual receipt, or (ii) result in significant financial penalties or other significantly
detrimental ramifications to the Company (other than the financial impact of paying the benefits.) In addition, notwithstanding the foregoing, and all subject to Section 2.4, (i) no such amendment shall be effective if it would, if effective,
cause this Agreement to violate Code Section 409A and the regulations and guidance thereunder or cause any amount of compensation or payment hereunder to be subject to a penalty tax under Code Section 409A and the regulations and guidance
issued thereunder, which amount of compensation or payment would not have been subject to a penalty tax under Code Section 409A and the regulations and guidance thereunder in the absence of such amendment and (ii) the provisions of this
Article 7 respecting amendment of this Agreement are irrevocable. 
 Article 8 

Miscellaneous 

8.1    Binding Effect. This Agreement shall bind the Executive and the Company, and their
beneficiaries, survivors, executors, successors, administrators and transferees. 
 8.2    No
Guarantee of Employment. This Agreement is not an employment policy or contract. It does not give the Executive the right to remain an employee of the Company, nor does it interfere with the Company’s right to discharge the Executive. It
also does not require the Executive to remain an employee nor interfere with the Executive’s right to terminate employment under state law or the terms of any applicable employment contract. 

  
 8 

8.3    Non-Transferability. Benefits under this Agreement
cannot be sold, transferred, assigned, pledged, attached or encumbered in any manner. 

8.4    Reorganization. The Company shall not merge or consolidate into or with another
company, or reorganize, or sell substantially all of its assets to another company, firm, or person unless such succeeding or continuing company, firm, or person agrees to assume and discharge the obligations of the Company under this Agreement.
Upon the occurrence of such event, the term “Company” as used in this Agreement shall be deemed to refer to the successor or survivor company. 

8.5    Tax Withholding. The Company shall withhold any taxes that are required to be withheld from
the benefits provided under this Agreement. 
 8.6     Applicable Law. The Agreement and all
rights hereunder shall be governed by the laws of the State of West Virginia, except to the extent preempted by the laws of the United States of America. 

8.7    Unfunded Arrangement. The Executive and beneficiary are general unsecured creditors of the
Company for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment,
pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive’s life is a general asset of the Company to which the Executive and beneficiary have no preferred or secured claim. 

8.8    Entire Agreement. This Agreement constitutes the entire agreement between the Company
and the Executive as to the subject matter hereof. No rights are granted to the Executive by virtue of this Agreement other than those specifically set forth herein. 

8.9    Administration. The Company shall have powers which are necessary to administer this
Agreement, including but not limited to: 
  

	 	(a)	 Establishing and revising the method of accounting for the Agreement; 

	 	(b)	 Maintaining a record of benefit payments; 

	 	(c)	 Establishing rules and prescribing any forms necessary or desirable to administer the Agreement; and

	 	(d)	 Interpreting the provisions of the Agreement. 

8.10  Named Fiduciary. The Company shall be the named fiduciary and plan administrator under this
Agreement. It may delegate to others certain aspects of the management and operational responsibilities including the employment of advisors and the delegation of ministerial duties to qualified individuals. 

8.11  Counterparts. This Agreement may be executed in one or more counterparts, which taken together
shall constitute an original. 

  
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 IN WITNESS WHEREOF, the Executive and the Company have signed this Agreement.

  

							
	EXECUTIVE:	 		 	 COMPANY:

			
	 	 	 	 	UNITED BANKSHARES, INC.
			
	                                     
                                       	 	            	 	
By                        
                                         
                   

			
	 	 	 	 	Title                                 
                                         
    

  
 10 

 BENEFICIARY DESIGNATION 

UNITED BANKSHARES, INC. 

SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT 
  

                       
                              

[Executive] 
 I designate
the following as beneficiary of any death benefits under this Agreement: 
 Primary: 

                       
                                         
                                         
                                         
                                         
                
  

                       
                                         
                                         
                                         
                                         
                        

Contingent: 
  

                       
                                         
                                         
                                         
                                         
                
  

                       
                                         
                                         
                                         
                                         
                        
  

	Note:	To name a trust as beneficiary, please provide the name of the trustee(s) and the exact name and date of the trust agreement. 

I understand that I may change these beneficiary designations by filing a new written designation with the Company. I further understand that
the designations will be automatically revoked if the beneficiary predeceases me, or, if I have named my spouse as beneficiary and our marriage is subsequently dissolved. 
  

	
	
Signature                 
                                         
    

	
	
Date                      
                                         
       

	
	 Received by the Company this          day of
             , 201  .

	
	
By                      
                                         
          

	
	
Title                      
                                         
       

  
 11Exhibit

Exhibit 10.4
EXECUTIVE EMPLOYMENT AGREEMENT

This Executive Employment Agreement (the "Agreement") is entered into this 27th day of February, 2018, by and between ALAN P. MORET (the "Executive") and DELEK US ENERGY, INC. (the "Company"), who, in return for the mutual promises set forth herein, agree as follows:

		
	1.
	Term. The term of this Agreement (the "Term") is effective as of January I, 2018 and shall expire on June 30, 2019 unless terminated earlier as provided for herein.

		
	2.
	Scope of Employment. During the Tenn, the Company shall employ Executive and he shall render services to Company in the capacity of President of Delek Logistics GP, LLC, the General Partner of Delek Logistics Partners, LP ("DKL"), a subsidiary of Company, and as Executive Vice President of Delek US Holdings, Inc., the parent of Company, as well as such other titles as may be established by the Company from time to time. During the Term, Executive may also serve as an executive vice president of any affiliated or subsidiary entities of the Company required to be listed by the Company or DK under Item 60l(b)(21) of Regulation S-K of the United States Security and Exchange Commission (the "SEC"). Executive shall devote his full business time and best effort to the successful functioning of the Company's business and shall faithfully and industriously perform all duties pertaining to his position, including such additional duties as may be assigned from time to time, to the best of his ability, experience and talent; provided, however, that Executive may pursue charitable or civic activities, engage in passive personal investments, participate in industry association and trade groups, and serve as an executor, trustee or in other similar fiduciary capacities; provided that any such activities do not interfere with the performance of his responsibilities and obligations pursuant to this Agreement. Executive shall be subject at all times during the Term hereof to the direction and control of the Company's Board of Directors (the "Board") in respect of the work to be done.

		
	3.
	Compensation.

		
	(a)
	Base Compensation. During the Term, Executive's annual salary (the "Base Compensation") shall be (i) no less than the annualized equivalent of $400,000, (ii) subject to all appropriate federal and state withholding taxes, and (iii) payable at the same times and under the same conditions as salaries are paid to the Company's other employees in accordance with the normal payroll practices of the Company. The Base Compensation shall be reviewed and may be increased from time to time following the Effective Date by the Board (or any applicable committee thereof) in its sole discretion applied consistent with this Section 3(a). The Base Compensation shall at all times during the Term be, and remain, more than the compensation of Executive's subordinates at all times. If the Base Compensation is adjusted after the Effective Date, the Base Compensation defined above shall also be adjusted for all purposes of this Agreement.

		
	(b)
	Annual Bonus. Executive will be eligible to participate in the Company's annual cash incentive plan at a level that is commensurate with Executive's positions as determined by the Board (or any committee thereof) in its sole and reasonable discretion. The Executive's Annual Bonus target for service during the 2018 fiscal year will be 75% of Executive's  Base Compensation at December 31, 2018. The maximum Annual Bonus shall be 200% of such Annual Bonus target. The Annual Bonus may be based upon achievement of performance measures and objectives established by the Board from time to time. The Annual Bonus is typically paid in the first fiscal quarter of the year following the applicable bonus year. For purposes of this Agreement, an "Annual Bonus" shall mean a cash bonus, if any, awarded by the Company's Board of Directors (or any applicable Committee thereof) to Executive in recognition of

Executive's service during the preceding fiscal year in a manner consistent with the Company's
annual bonus program for senior executives.

		
	(c)
	Long-Term Incentive Compensation. Executive shall be eligible to participate in the Company's long-term incentive plans that may be in effect from time to time for the Company, its parent, and/or its subsidiaries including, without limitation, the Delek US Holdings, Inc. 2016 Long-Tenn Incentive Plan and the Delek Logistics GP, LLC 2012 Long-Tenn Incentive Plan (collectively, the "Plans") on terms commensurate with his position and duties, as determined by the Board or any other authorized administrator of a Plan (the "Plan Administrator") in their sole discretion. Program design, including, without limitation, performance measures and weighting, is at the sole discretion of the Plan Administrator. Executive acknowledges that he may be granted awards under Plans that are not subject to control of the Board or any applicable committee thereof). If so, the obligations of the Board (or any applicable committee thereof) hereunder including, without limitation, any obligations to accelerate the vesting of such award, shall be fully discharged as long as the Board (or any applicable committee thereof) uses reasonable efforts to ensure that such obligations are met by the applicable Plan Administrator.

		
	4.
	Fringe Benefits/ Reimbursement of Business Expenses.

		
	(a)
	General. The Company shall make available, or cause to be made available to him, throughout the period of his employment hereunder, such benefits, as may be put into effect from time to time by the Company generally for other senior Executives of the Company. The Company expressly reserves the right to modify such benefits available to Executive at any time provided that such modifications apply to other similarly situated employees.

		
	(b)
	Business Expenses. Executive will be reimbursed for all reasonable out-of-pocket business, business entertainment and travel expenses paid by him in connection with the perfonnance of his duties for the Company, in accordance with and subject to applicable Company expense incurrence and reimbursement policies.

		
	(c)
	Other Benefits. During the Tenn, the Company will pay the Executive's reasonable costs of professional tax and financial counseling, provided that, beginning with the calendar year 2018, the costs of such benefit does not exceed $25,000 in any calendar year. Perquisites and other personal benefits that are not integrally and directly related to the perfonnance of the Executive's duties and confer a direct or indirect benefit upon him that has a personal aspect may be disclosed in public filings according to the regulations of the SEC).

		
	5.
	Vacation Time I Sick Leave. Executive will be granted twenty-five (25) working days of vacation per calendar year. Unused vacation will accrue and carry over into a new calendar year during the Tenn and the amount attributed to accrued and unused vacation will be paid to the Executive upon the termination of employment. Vacation time shall be taken only after providing reasonable notice to the person to whom the Executive reports. Executive will be provided with sick leave according to the Company's standard policies.

		
	6.
	Compliance With Company Policies. Executive shall comply with and abide by all applicable policies and directives of the Company, its parent and each of their subsidiaries including, without limitation, the Codes of Business Conduct & Ethics for the Company, its parent and each of their subsidiaries, the Supplemental Insider Trading Policies for the Company, its parent and each of their subsidiaries and any applicable employee handbooks or manuals. The Company, its parent and each of their subsidiaries may, in their sole discretion, change, modify or adopt new policies and directives affecting Executive's

employment. In the event of any conflict between the tenns of this Agreement and the employment policies and directives of the Company, its parent and each of their subsidiaries, the tenns of this Agreement will control. The Executive acknowledges that the Company's parent DK and its subsidiary DKL are currently subject to SEC reporting requirements pursuant to the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the continued listing requirements of the New York Stock Exchange or any other securities exchange on which the securities of the Company may be listed from time to time for public trading (collectively a "Securities Market"), and other federal securities laws and regulations applicable to publicly traded companies in the United States. As an employee and officer of the Company and as an officer of DK and/or DKL, Executive will, in such capacities, be required to comply with applicable federal securities laws and regulations (including, without limitation, the reporting requirements under Exchange Act Section 16(a) and related SEC rules and regulations), Securities Market listing requirements as well as certain policies of the Company, its parent and each of their subsidiaries designed to comply with such laws and regulations.

		
	7.
	Confidentiality. Executive recognizes that during the course of his employment, he will be exposed to infonnation or ideas of a confidential or proprietary nature that pertain to Company's business, financial, legal, marketing, administrative, personnel, technical or other functions or which constitute trade secrets (including, without limitation, specifications, designs, plans, drawings, software, data, prototypes, the identity of sources and markets, marketing infonnation and strategies, business and financial plans and strategies, methods of doing business, data processing and technical systems, programs and practices, customers and users and their needs, sales history, financial health or material non-public information as defined under federal securities law) (collectively "Confidential Information"). Confidential Information also includes such information of third parties that has been provided to Company in confidence. All such information is deemed "confidential" or "proprietary" whether or not it is so marked. Information will not be considered Confidential Information to the extent that it is or becomes generally available to the public other than through any breach of this Agreement by or at the discretion of Executive. Nothing in this Section will prohibit the use or disclosure by Executive of knowledge that is in general use in the industry or general business knowledge, was known to him prior to his service to the Company or which enters the public domain other than through any breach of this Agreement by or at the discretion of Executive. Executive may also disclose such information if required by court order or applicable law provided that he (a) uses his reasonable best efforts to give the Company written notice as far in advance as is practicable to allow the Company to seek a protective order or other appropriate remedy (except to the extent that his compliance with the foregoing would cause him to violate a court order or other legal requirement), (b) discloses only such infonnation as Executive believes in good faith to be required by law, and (c) uses his reasonable best efforts (at the Company's expense) to obtain confidential treatment for any Confidential  Infonnation so disclosed. During Executive's employment and for so long as the Confidential Information remains confidential or proprietary thereafter, he shall hold Confidential Information in confidence, shall use it only in connection with the perfonnance of his duties on behalf of the Company, shall restrict its disclosure to those directors, employees or independent contractors of the Company with a need to know such Confidential Infonnation, and shall not disclose, copy or use Confidential Infonnation for the benefit of anyone other than the Company without the Company's prior written consent. However, nothing in this Agreement shall prohibit the Executive from reporting possible violations oflaw to any governmental agency or entity in accordance with applicable whistleblower protection provisions including, without limitation, the rules promulgated under Section 21F of the Exchange Act or Section 806 of the Sarbanes-Oxley Act of 2002, or require the Executive to notify the Company (or obtain its prior approval) of any such reporting. Executive shall, upon Company's request or his termination of employment, return to the Company and/or certify in a fonn satisfactory to the Company the destruction of any and all written documents containing Confidential Infonnation in his possession, custody or control. For the avoidance of doubt, Executive shall not retain any copy in any form of any Confidential Information following such request or tennination.

		
	8.
	Restrictive Covenants.

		
	(a)
	Non-Competition.

		
	(i)
	In consideration of the Confidential Information provided to the Executive and the other benefits provided to him pursuant to this Agreement, Executive agrees that, if his employment ends during the Term, then, during a six month Non-Compete Period (as defined below), he will not, without the prior written consent of the Company (which shall not be unreasonably withheld), directly or indirectly, either as an individual or as an employee, officer, director, shareholder, partner, equity participant, sole proprietor, independent contractor, consultant or in any other capacity conduct any business, or assist any person in conducting any business, that is directly in competition with the Company's Business (as defined below) in the Territory (as defined below). It is expressly agreed and understood that this restriction is not intended to and shall not prevent Executive from employment or other engagement by a person or entity that competes with Company's Business as long as he does not personally compete or assist such person or entity in such restricted competition. The tenns of this Section 8(a) shall not apply to the ownership by Executive ofless than 5% of a class of equity securities of an entity, which securities are publicly traded on any national securities exchange.

		
	(ii)
	For any termination except for a termination by the Company for Cause, the "Non­ Compete Period" shall commence upon the date that notice of termination of employment is delivered or deemed delivered under the notice provisions of this Agreement, it being acknowledged and agreed that the Non-Compete Period may commence to run, or even completely run, during a period of time during which the Executive remains employed by the Company (assuming that he continues to be so employed after the delivery of such notice of termination). In the event of a tennination by the Company for Cause, the Non-Compete Period shall commence upon the date that Executive's employment with the Company ends.

		
	(iii)
	For purposes of this Section 8(a), the "Company's Business'' means the businesses conducted by the Company, its parent and each of their subsidiaries at the time of the termination of the Executive's employment over which he has primary responsibility at the time of the tennination of his employment (it being agreed and understood that other aspects of the businesses conducted by the Company, its parent and/or each of their subsidiaries is not within such definition).

		
	(iv)
	For purposes of Section 8(a), the "Territory" shall mean the following geographic areas as of the commencement of the Non-Compete Period (A) a 75 mile radius from any of the Company's refining facilities, (B) a 75 mile radius from any of the Company's wholesale refined products distribution facilities and (C) a 50 mile radius from any of the Company's retail fuel and/or convenience merchandise facilities.

		
	(b)
	Non-Interference with Commercial Relationships. During the Executive's employment with the Company, and for a period of six months thereafter, Executive will not, directly or indirectly, either as an individual or as an employee, officer, director, shareholder, partner, equity participant, sole proprietor, independent contractor, consultant or in any other capacity whatsoever approach or solicit any customer or vendor of Company for the purpose of causing, directly or indirectly, any such customer or vendor to cease doing business with the Company, its parent and/or each of their subsidiaries, nor will Executive engage in any other activity that

interferes or could reasonably be expected to interfere in any material way with the commercial relationships between the Company, its parent and each of their subsidiaries and snch customers or vendors. The foregoing covenant shall be in addition to any other covenants or agreements to which the Executive may be subject.

		
	(c)
	Non-Interference with Employment Relationships. During the Executive's employment with the Company, and for a period of one year thereafter, Executive shall not, without the Company's prior written consent, directly or indirectly: (i) induce or attempt to induce any Company employee to terminate his/her employment with the Company; or (ii) interfere with or disrupt the Company's relationship with any of its employees or independent contractors. The foregoing does not prohibit the Executive (personally or as an employee, officer, director, shareholder, partner, equity participant, sole proprietor, independent contractor, consultant or in any other capacity) from hiring or employing an individual that contacts the Executive on his/her own initiative without any direct or indirect solicitation by the Executive other than customary fonns of general solicitation such as newspaper advertisements or internet postings.

		
	(d)
	It is understood and agreed that the scope of each of the covenants contained in this Section 8 is reasonable as to time, area, and persons and is necessary to protect the legitimate business interest of the Company. It is further agreed that such covenants will be regarded as divisible and will be operative as to time, area and persons to the extent that they may be so operative.

		
	9.
	Copyright, Inventions, Patents. The Company shall have all right, title and interest to all intellectual property (including, without limitation, graphic designs, cop,Tights, trademarks and patents) created during the course of the Executive's employment with the Company. The Executive hereby assigns to Company all copyright ownership and rights to any work developed by him or at his discretion and reduced to practice for or on behalf of the Company or which relate to the Company's business during the course of the employment relationship. At the Company's expense and for a period beginning on the Effective Date and continuing for three years following the termination of his employment, the Executive shall reasonably assist or support tbe Company to obtain, maintain, and assert its rights in such intellectual property and work product including, without limitation, the giving of evidence in suits and proceedings, and the furnishing and/or assigning of all documentation and other materials relative to the Company's intellectual property rights.

		
	10.
	Termination of Employment.

		
	(a)
	Tennination By Company For Cause. The Company may immediately terminate this Agreement and/or the Executive's employment at any time for Cause. Upon any such tennination, the Company shall be under no further obligation to the Executive hereunder except as otherwise required by law, and the Company will reserve all further rights and remedies available to it at law or in equity.

		
	(b)
	Tennination by Executive for Good Reason. Within 30 calendar days after Executive becomes (or should have become) aware of the occurrence of a Good Reason during the Term, Executive may tenninate this Agreement (and his employment hereunder) by providing 30 calendar days advance written notice of tennination and pro,ided that the condition remains uncured by the end of such 30-day period. After such 30-day period, Executive shall either resign his employment immediate or, if he continues in employment beyond such 30-day period, Executive shall have irrevocably waived and released any right to resign for Good Reason based upon the circumstances identified in his advance notice of tennination. In the event of any such tennination, Executive shall be entitled to the separation benefits under Section

(I 0)(c) as if the Company had tenninated his employment without Cause. This provision shall not apply if Executive is terminated by reason of death or Disability.

		
	(c)
	Tennination At-Will By Company. Subject to the provisions of (f) below, the Company may terminate this Agreement (and Executive's employment hereunder) at any time and for any reason. If the termination occurs during the Tenn and is other than for Cause, Executive shall be entitled to the following (in addition to all accrued compensation and benefits through the date of tennination): (i) the Separation Payment, (ii) the costs of continuing family health insurance coverage under COBRA through November 26, 2020 following termination of employment, provided, that the Company may, in its sole discretion, (A) pay such amounts directly to the applicable provider or (B) pay an equivalent amount directly to Executive, (iii) the Post-Employment Annual Bonus and (iv) Accelerated Vesting upon tennination. This provision shall not apply if Executive is tenninated by reason of death or Disability.

		
	(d)
	Termination At-Will By Executive. Executive may terminate this Agreement (and Executive's employment hereunder) at any time and for any reason (other than death or Disability). If the Executive tenninates this Agreement and his employment hereunder during the Tenn, the Executive must provide the Company with advance written notice of termination equal to the lesser of three months or the balance of the Term (the "Required Notice").

		
	(i)
	If Executive terminates his employment during the Tenn other than for a Good Reason and provides at least three months advance written notice of termination (even if the Required Notice is less than three months), Executive shall be entitled to a single lump sum payment upon tennination equal to 50% of his annualized salary at the time the notice of termination is delivered and the costs of continuing family health insurance coverage under COBRA through November 26, 2020 following termination of employment, provided, that the Company may, in its sole discretion, (A) pay such amounts directly to the applicable provider or (B) pay an equivalent amount directly to Executive.

		
	(ii)
	If Executive (A) terminates his employment during the Term other than for a Good Reason without providing the Required Notice or (B) fails to render services to the Company in a diligent and good faith manner after the delivery of the Required Notice and continues or repeats snch failure after receiving written notice of such failure, he shall receive compensation only in the manner stated in Section 10(a) and the Company may immediately tenninate his employment. This Section l0(d)(ii) shall not apply if Executive is terminated by reason of death or Disability.

This Section 10(d) shall not apply if the Executive is tenninated by reason of death or Disability.

		
	(e)
	Accelerated Tennination After Notice. Nothing herein shall limit the Company's right to terminate this Agreement and/or Executive's employment after the Company receives notice of tennination from him. However, if the Company receives the Required Notice from Executive and then tenninates this Agreement and/or his employment for any reason other than for Cause or under Section l0(d)(ii)(B), his employment shall tenninate on (and post­ employment provisions of Sections 7, 8(b), 8(c) and 9 shall be effective from) the date on which the Company terminates Executive's employment but he shall be entitled to a single lump sum payment of the amount of such compensation, bonuses, vesting and other benefits as if his tennination had been effective on the earlier of (i) the termination date specified in his notice oftennination or (ii) three months following his notice of termination.

		
	(f)
	Separation Release. Notwithstanding anything to the contrary, but subject to any applicable six-month delay required by Section 18 hereof and Section 409A of the Internal Revenue Code of 1986, as amended ("Section 409A"), if a payment is otherwise payable to Executive hereunder, payment of such Separation Payment shall be payable in cash to him at the end of the month following the month in which his separation from service (within the meaning of Section 409A) occurs (or such later date as may be required by law). However, Executive's right to receive the Separation Payment shall be conditioned upon (i) his execution and delivery to the Company of a Separation Release (and the expiration of any statutorily mandated revocation period) within 30 days (or such longer period as may be required by law) following the separation from service date and (ii) his continued compliance with this Agreement and any other restrictive covenants to which he is bound. If Executive fails to timely execute and deliver the Separation Release or if he timely revokes his acceptance of the Separation Release thereafter (if such revocation is pennitted), he shall not be entitled to the Separation Payment and shall repay any Separation Payment received. If the foregoing consideration and revocation periods begin in one taxable year and end in a second taxable year, payment will be made in the second taxable year.

		
	(g)
	Definitions. The following tenns shall have the following meanings as used in this Agreement:

		
	(i)
	"Accelerated Vesting" means the immediate vesting of all unvested equity awards granted to Executive under the Plans. However, any Accelerated Vesting that occurs other than in the context of a Change in Control will apply to unvested (A) performance awards on a prorated basis through the termination of employment, based on actual results evaluated after the close of the applicable perfonnance period and payable in a lump sum at the same time as perfonnance awards are paid to executives of the Company generally and (B) full value equity awards (e.g., restricted stock, restricted stock units and phantom units) and appreciation equity awards (e.g., non-qualified stock options and stock appreciation rights) only to the extent that such awards that would have vested if Executive's employment had continued during a period equal to the lesser of six months following termination of employment or the balance of the Tenn.

		
	(ii)
	"Cause" means Executive's: (A) fraud, gross negligence, willful misconduct involving the Company or its affiliates or willful breach of a fiduciary duty, including, without limitation, Section 7 hereof, owed to the Company or its affiliates, (B) conviction of, or plea of nolo contendere to, a felony or crime involving moral turpitude or

(C) deliberate and continual refusal to perform his duties in any material respect on substantially a full-time basis or to act in accordance with any specific and lawful instruction of his supervisor provided that Executive has been given written notice of such conduct and such conduct is not cured within 30 days thereafter.

		
	(iii)
	"Disability" means the inability of Executive to perform the customary duties of his employment or other service with the Company or its affiliates by reason of a physical or mental incapacity or illness that is expected to result in death or to be of indefinite duration, as determined by a duly licensed physician selected by the Company.

		
	(iv)
	"Post-Employment Annual Bonus" shall mean the Annual Bonus to which Executive would have otherwise been entitled if his employment had continued through the end of the bonus year based upon the actual perfonnance of the Company, prorated for the period of actual employment during the bonus year, and paid upon the payment of the

annual bonuses to senior executives of the Company pursuant to the Company's annual bonus programs.

		
	(v)
	"Separation Payment" shall mean an amount equal to sum of Executive's Base Compensation and Annual Bonus as in effect before any notice of termination multiplied by (A) two in the case of a Change in Control or (B) one in all other cases. The Separation Payment shall be payable in a cash lump sum pursuant to Section IO(f). Executive shall have no responsibility for mitigating the amount of any payment provided for herein by seeking other employment or otherwise, and any such payment will not be reduced in the event such other employment is obtained.

		
	(vi)
	"Separation Release" means a general release of claims against the Company (and its subsidiaries and affiliates) in a fonn reasonably satisfactory to Executive and the Company that pertains to all claims related to Executive's employment and the termination of his employment and that contains appropriate anti-disparagement and continuing confidentiality covenants.

		
	11.
	Change in Control.

		
	(a)
	If Executive's employment is tenninated by the Company without Cause or by Executive for Good Reason within two years following a Change in Control, the tennination of his employment shall be deemed to have occurred in the context of a Change in Control, and he shall be entitled to the separation benefits set forth in Section I0(c); provided, however, that if the separation benefits would result in an excess parachute payment under Internal revenue Code Section 280G(a), the separation benefits shall be reduced so as not to result in an excess parachute payment.

		
	(b)
	For purposes of this Agreement, a "Change in Control" of the Company shall mean any of the following:

		
	(i)
	Any "person" (as defined in Section 13(h)(8)(E) of the Exchange Act), other than the Company or any of its subsidiaries or any employee benefit plan of the Company or any of its subsidiaries, becomes the "beneficial owner" (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company (or any successor to all or substantially all of the Company's assets) representing more than 30% of the combined voting power of the Company's (or such successor's) then outstanding voting securities that may be cast for the election of directors of the Company (other than as a result of an issuance of securities initiated by the Company (or such successor) in the ordinary course of business);

		
	(ii)
	As the result of, or in connection with, any cash tender or exchange offer, merger or other business combination or contested election, or any combination of the foregoing transactions, less than 51% of the combined voting power of the then outstanding securities of the Company or any successor company or entity entitled to vote generally in the election of the directors of the Company or such other corporation or entity after such transaction are held in the aggregate by the holders of the Company's securities entitled to vote generally in the election of directors of the Company immediately prior to such transaction;

		
	(iii)
	All or substantially all of the assets of the Company are sold, exchanged or otherwise

transferred;

		
	(iv)
	The Company's stockholders approve a plan of liquidation or dissolution of the

Company; or

		
	(v)
	During any 12-month period within the Tenn, Continuing Directors cease for any reason to constitute at least a majority of the Board. For this purpose, a "Continuing Director" is any person who at the beginning of the Term was a member of the Board, or any person first elected to the Board during the Tenn whose election, or the nomination for election by the Company's shareholders, was approved by a vote of at least two-thirds of the Continuing Directors then in office, but excluding any person

(A)    initially appointed or elected to office as result of either an actual or threatened election and/or proxy contest by or on behalf of any "person" or "group" (within the meaning of Section l 3(d) of the Exchange Act) other than the Board, or (B) designated by any "person" or "group'' (within the meaning of Section 13(d) of the Exchange Act)
) who has entered into an agreement with the Company to effect a transaction described in Section l l(b)(i) through (iv).

		
	12.
	Survival ofTenns. The provisions of Sections 7, 8(b), 8(c), 9 and 10 shall survive the termination or expiration of this Agreement and will continue in effect following the termination of Executive's employment for the periods described therein. If a Change in Control occurs during the Tern,, the provisions of Section 11 shall survive the termination or expiration of this Agreement and will continue in effect following the Change in Control for the periods described therein. The provisions of Section 8(a) shall survive the termination (but not the expiration) of this Agreement.

		
	13.
	Assignment. This Agreement shall not be assignable by either party without the written consent of the other party except that the Company may assign this Agreement to its parent, a subsidiary, or an affiliate of the Company. Any failure by the Company to assign this Agreement to an unaffiliated third party successor upon the Company's sale or transfer of all or substantially all of its business will be considered the termination of Executive's employment in the context ofa Change in Control effective upon the closing of the applicable transaction without an assignment to the successor, which closing constitutes a Change in Control. Any failure by Executive to consent to the assignment of this Agreement to such unaffiliated third party successor will be considered the tennination of his employment for a Good Reason other than in the context of a Change in Control effective upon the closing of the applicable Change in Control transaction without any assignment to the successor. For the avoidance of doubt, the parties acknowledge that the payment of any benefits under this Section 13 sha11 be made in accordance with the applicable provision of Section 10 or 11 of this Agreement within 30 days of the closing date of the Change in Control transaction, and no payments wi11 be made pursuant to this Section 13 if a Change in Control transaction does not occur.

		
	14.
	No Inducement I Agreement Voluntary. Executive represents that (a) he has not been pressured, misled, or induced to enter into this Agreement based upon any representation by Company or its agents not contained herein, (b) he has entered into tbis Agreement voluntarily, after having the opportunity to consult with representatives of his own choosing and (c) his assent is freely given.

		
	15.
	Interpretation. Any Section, phrase or other provision of this Agreement that is detennined by a court, arbitrator or arbitration panel of competent jurisdiction to be unreasonable or in conflict with any applicable statute or rule, shall be deemed, if possible, to be modified or altered so that it is not unreasonable or in conflict or, if that is not possible, then it sha11 be deemed omitted from this Agreement. The invalidity of any portion of this Agreement shall not affect the validity of the remaining

portions. Unless expressly stated to the contrary, all references to "days" in this Agreement shall mean calendar days.

		
	16.
	Prior Agreements I Amendments. This Agreement (a) represents the entire agreement between the parties in relation to the employment of Executive by the Company on, and subsequent to, the Effective Date and (b) revokes and supersedes all prior agreements pertaining to the subject matter herein, whether written and oral. However, this Agreement does not nullify or otherwise affect any prior equity awards granted to Executive. This Agreement shall not be subject to modification or amendment by any oral representation, or any written statement by either party, except for a dated writing signed by Executive and the Company.

		
	17.
	Notices. All notices of any kind to be delivered in connection with this Agreement shall be in writing and shall be deemed to have been duly given if personally delivered or if sent by nationally-recognized overnight courier (e.g., FedEx, UPS, etc.) or by registered or certified mail, return receipt requested and postage prepaid, addressed to the Company at 7102 Commerce Way, Brentwood, Tennessee 37027, Attn: General Counsel, to the Executive at his then-existing payroll address, or to such other address as the party to whom notice is to be given may have furnihed to the other in writing in accordance with the provisions of this Section. Any such notice or communication shall be deemed to have been received: (a) if by personal delivery or nationally-recognized overnight courier, on the date of such delivery and (b) if by registered or certified mail, on the third postal service day following the date postmarked.

l8.  Applicable Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee without giving effect to its principles of conflicts of law. The state and federal courts for Davidson County, Tennessee shall be the exclusive venue for any litigation based in significant part upon this Agreement.

19.  Mediation/ Arbitration

		
	(a)
	Any dispute concerning a legally cognizable claim arismg out of this Agreement or in connection with the employment of Executive by Company, including, without limitation, claims of breach of contract, fraud, unlawful termination, discrimination, harassment, retaliation, defamation, tortious infliction of emotional distress, unfair competition, arbitrability and conversion (collectively a "Legal Dispute") shall be resolved according to the following protocol:

		
	(i)
	The parties shall first submit the Legal Dispute to mediation under the auspices of the American Arbitration Association ("AAA") and pursuant to the mediation rules and procedures promulgated by the AAA. The Company shall pay the expenses associated with the mediation.

		
	(ii)
	In the event mediation is unsuccessful in fully resolving the Legal Dispute, binding arbitration shall be the method of final resolution. The parties expressly waive their rights to bring action against one another in a court oflaw except as expressly provided herein. In addition to remedies at law, the parties acknowledge that failure to comply with this provision shall entitle the non-breaching party to injunctive relief to enjoin the actions of the breaching party. Any Legal Dispute submitted to Arbitration shall be under the auspices of the AAA and pursuant to the "National Rules for the Resolution of Employment Disputes," or any similar identified rules promulgated at such time the Legal Dispute is submitted for resolution. All mediation and arbitration hearings shall take place in either Davidson or Williamson County, Tennessee. The Company shall pay the filing expenses associated with the arbitration. All other expenses and fees associated with the arbitration shall be determined in accordance with the AAA rules.

		
	(b)
	Notice of submission of any Legal Dispute to mediation shall be provided no later than one year following the date the submitting party became aware, or should have become aware of, the conduct constituting the alleged claims. Failure to do so shall result in the irrevocable waiver of the claim made in the Legal Dispute.

		
	(c)
	Notwithstanding that mediation and arbitration are established as the exclusive procedures for resolution of any Legal Dispute, (i) either party may apply to an appropriate judicial or administrative forum for injunctive relief and (ii) claims by Company arising in connection with Sections 7, 8, 9, 10 and/or 11 may be brought in any court of competent jurisdiction.

		
	(d)
	With respect to any breach or attempted breach of Sections 7, 8 and/or 9 of this Agreement, each party acknowledges that a remedy at law will be inadequate, agrees that the Company will be entitled to specific perfonnance and injunctive and other equitable relief and agrees not to nse as a defense that any party has an adequate remedy at law. This Agreement shall be enforceable in a court of equity, or other tribunal with jurisdiction, by a decree of specific performance, and appropriate injunctive relief may be applied for and granted in connection herewith. Such remedy shall not be exclusive and shall be in addition to any other remedies now or hereafter existing at law or in equity, by statute or otherwise. No delay or omission in exercising any right or remedy set forth in this Agreement shall operate as a waiver thereof or of any other right or remedy and no single or partial exercise thereof shall preclude any other or further exercise thereof or the exercise of any other right or remedy.

		
	20.
	Section 409A.

		
	(a)
	It is intended that each installment of the payments provided under this Agreement, if any, is a separate "payment" for purposes of Section 409A and the payments satisfy, to the greatest extent possible, the exemptions from the application of Section 409A provided under Treasury Regulations l.409A-l(b)(4), l.409A-l(b)(9)(iii) and l.409A-l(b)(9)(v). Notwithstanding any other provision to the contrary, a tennination of employment with the Company shall not be deemed to have occurred for purposes of any provision of this Agreement providing for the payment of"deferred compensation" (as such term is defined in Section 409A and the Treasury Regulations promulgated thereunder) upon or following a tennination of employment unless such termination is also a "separation from service" from the Company within the meaning of Section 409A and Section l .409A-l(h) of the Treasury Regulations and, for purposes of any such provision of this Agreement, references to a "separation," "termination," "tennination of employment" or like terms shall mean "separation from service.'·

		
	(b)
	Notwithstanding anything to the contrary in this Agreement, if the Company detennines (i) that on the date his employment with the Company terminates or at such other time that the Company determines to be relevant, Executive is a "specified employee" (as such term is defined under Treasury Regulation 1.409A-l (i)(l)) of the Company and (ii) that any payments to be provided to him pursuant to this Agreement are or may become subject to the additional tax under Section 409A(a)(l)(B) or any other taxes or penalties imposed under Section  409A if provided at the time otherwise required under this Agreement, then such payments shall be delayed until the date that is six months after the date of his "separation from service" (as such tennis defined under Treasury Regulation 1.409A-l(h)) with the Company, or, if earlier, the date of his death. Any payments delayed pursuant to this Section shall be made in a lump sum

on the first business day of the seventh month following Executive's "separation from service'' (as such tenn is defined under Treasury Regulation 1.409A-1(h)), or, if earlier, the date of his death,

		
	(c)
	In addition, to the extent that any reimbursement, fringe benefit or other, similar plan or arrangement in which Executive participates during the tenn of his employment under this Agreement or thereafter provides for a "deferral of compensation" within the meaning of Section 409A, then such amount shall be reimbursed in accordance with Section 1.409A- 3(i)(l)(iv) of the Treasury Regulations, including (i) the amount eligible for reimbursement or payment under such plan or arrangement in one calendar year may not affect the amount eligible for reimbursement or pay1nent in any other calendar year (except that a plan providing medical or health benefits may impose a generally applicable limit on the amount that may be reimbursed or paid), (ii) subject to any shorter time periods provided herein or the applicable plans or arrangements, any reimbursement or payment of an expense under such plan or arrangement must be made on or before the last day of the calendar year following the calendar year in which the expense was incurred, and (iii) the right to any reimbursement or in-kind benefit is not subject to liquidation or exchange for another benefit,

		
	(d)
	For the avoidance of doubt, any payment due under this Agreement within a period following Executive's termination of employment or other event, shall be made on a date during such period as determined by the Company in its sole discretion

		
	(e)
	Notwithstanding any other provision to the contrary, in no event shall any payment under this Agreement that constitutes "deferred compensation" for purposes of Section 409A and the Treasury Regulations promulgated thereunder be subject to offset by any other amount unless otherwise pennitted by Section 409A,

		
	(f)
	This Agreement is intended to comply with the applicable requirements under Section 409A and the related Treasury Regulations and guidance issued by the Depai1ment of the Treasury, as modified from time to time, including exceptions and exemptions provided for therein (the "409A Requirements"). Accordingly, this Agreement shall be administered, construed and interpreted in a manner to comply with the 409A Requirements. Specifically, and without limiting the foregoing, if any terms set forth in this Agreement are considered to be ambiguous, such tenns shall be administered, construed and interpreted in a manner to comply with the 409A Requirements.

In witness whereof: the parties have executed this Agreement as of the 27th day of February, 2018. 
COMPANY:  DELEK US ENERGY, INC.    EXECUTIVE:

By:/s/ Jared Serff                     By: /s/ Alan Moret
Name:  Jared Serff                     Name: Alan Moret 
Title:    Executive Vice President                                                            Title: President

By:/s/ Kevin Kremke
Name:  Kevin Kremke
Title:    Executive Vice President and Chief Financial Officer

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