Document:

Form of Amendment to Employment Agreement

 Exhibit 10.5 
  
 AMENDMENT 
 TO 
 EMPLOYMENT AGREEMENT 
  
 This Amendment to the Employment Agreement (the “Amendment”) is made as of the 18th day of May, 2004 between Premcor Inc. (the “Company”) and [Executive’s Name—see schedule A attached hereto] (the “Executive”).

  
 RECITALS 
  
 A. The parties hereto are parties to an Employment Agreement dated June 1,
2002, as amended (the “Employment Agreement”). 
  
 B.
The parties hereto desire to amend and modify certain provisions of the Employment Agreement as provided herein. 
  
 AGREEMENT 
  
 In consideration of the foregoing, the mutual covenants herein contained and other good and valuable consideration (the receipt, adequacy and sufficiency of which are hereby acknowledged by the parties by their execution hereof), the
parties agree as follows. 
  
 1. Definitions. For purposes
of this Amendment, capitalized terms used herein have the same meanings ascribed to them in the Employment Agreement. 
  
 2. Amendment to the Employment Agreement. 
  
 Section 4 of the Employment Agreement is amended by changing the word “three” to “four” in the third sentence, so that the third
sentence, in pertinent part, is as follows: 
  
 “, provided that in no event shall the Annual Bonus be greater than four times Executive’s Base Salary”. 
  
 3. No Other Modifications. Nothing herein contained in any way impairs the Employment Agreement, or alters, waives, annuls, varies or affects any
provision, condition or covenant therein, except as specifically set forth in this Amendment. All other provisions of the Employment Agreement remain in full force and effect. 
  
 4. Counterparts. This Amendment may be signed in counterparts, each of which shall be an original, with the same
effect as if the signatures thereto and hereto were upon the same instrument. 
  

 5. Successors; Binding Agreement. All provisions of this Amendment shall inure to the benefit of
and be binding upon personal or legal representatives, executors, administrators, successors, heirs, distributes, devises and legatees of the Executive. 
  
 IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment as of the date and year first above written. 
  

									
	 PREMCOR INC.
	 	 	 	 EXECUTIVE

					
	 By:
	 	 /s/ Thomas D. O’Malley
	 	 	 	 	 	 
	 Print Name:
	 	 Thomas D. O’Malley
	 	 	 	 	 	 [Executive’s Name]

	 Title:
	 	 Chairman of the Board and
	 	 	 	 	 	 
	 	 	 Chief Executive Officer
	 	 	 	 	 	 
	 	 	 Premcor Inc.
	 	 	 	 	 	 

  

 2 

 Schedule A 
  

Executive: 
  
 William E. Hantke 
 Henry M. Kuchta

 Joseph D. Watson 
 James R.
Voss 
 Michael D. Gayda 
 Donald
LuceySeventh Amendment to the Premcor Pension Plan

 Exhibit 10.6 
  
 SEVENTH AMENDMENT TO THE 
 PREMCOR PENSION PLAN 
  
 WHEREAS, Premcor Inc.
(“Company”) previously adopted the Premcor Pension Plan (“Plan”); and 
  
 WHEREAS, the Company reserved the right to amend the Plan in Section 12 thereof; and 
  
 WHEREAS, effective May 1, 2004, the Company desires to amend the Plan to reflect a special supplemental pension benefit for certain employees employed at
the Delaware City Refinery; 
  
 NOW THEREFORE, effective May 1,
2004, the Plan is amended as follows: 
  
 1. Section 1J is deleted
and in its place is substituted the following: 
  
 J. “Employee” means a person who is classified by the Employer as either (i) a regular, salaried employee, (ii) a regular, hourly-paid employee who is not a member of a collective bargaining unit, and (iii) effective May 1, 2004,
an employee who is covered by the collective bargaining agreement between the Employer and the PACE Union Local 2-898 and who is employed at the Employer’s Delaware City Refinery. Subject to the previous sentence, the Plan shall exclude any
person who is member of a collective bargaining unit for which either a separate retirement plan has been established pursuant to collective bargaining negotiations or no separate retirement plan has been established after collective bargaining
which has included discussion of retirement benefits, unless such collective bargaining provides for coverage under this Plan. 
  
 2. Section 4A is amended by adding the following to the end thereof : 
  
 “An Employee who is employed at the Employer’s Delaware City Refinery on May 1, 2004 shall be
granted credit for purposes of determining his or her Years of Vesting Service for vesting service recognized as of April 30, 2004 in the defined benefit pension plan sponsored by Motiva Enterprises LLC.” 
  
 3. Sections 5A, 5B and 5C are deleted in their entireties and replaced to
read as follows : 
  
 A. Pension Account. 
  
 A notional account (hereinafter referred to as the
“Pension Account”) shall be established and maintained for each Participant. A Participant’s Pension Account shall be comprised of a Basic Pension Account and, if applicable as described in Section 5B.2, a Supplemental Pension
Account. The credits in a Participant’s Pension Account as of April 30, 2004 shall be deemed to have been credited to his or her Basic Pension Account. 
  

 B. Account Credits. 
  
 1. Annual Contribution Credit to Basic Pension Account. 
  
 For each Plan Year, an Annual Contribution Credit shall be
added to the Basic Pension Account of each Participant who is employed by the Employer as an Employee during such Plan Year. In the case of a Participant who is employed by the Employer on the last day of the Plan Year, the Annual Contribution
Credit shall be credited to the Participant’s Basic Pension Account as of the last day of such Plan Year. In the case of a Participant who terminates employment during the Plan Year, the Annual Contribution Credit shall be credited to his or
her Basic Pension Account as of the earlier of the Participant’s Annuity Starting Date or the last day of such Plan Year. The amount of the Annual Contribution Credit for such Plan Year for a Participant shall be equal to seven percent (7%) of
his or her Compensation plus seven percent (7%) of such Participant’s Compensation, if any, in excess of the Social Security Wage Base. 
  
 2. Supplemental Pension Benefit Credit for Certain Delaware City Refinery Employees. 
  
 As of any date, a Supplemental Pension Benefit
(“SPB”) Eligible Participant’s Supplemental Pension Account shall be equal to (a) such Participant’s SPB Percentage multiplied by the number of calendar months in the period beginning on May 1, 2004 and ending on the earlier of
(i) the last day of the calendar month in which such date occurs or (ii) the last day of the calendar month in which the Determination Date occurs, multiplied by (b) his or her Final Average Pay. For purposes of this Section 5B.2, the following
definitions shall be applicable: 
  
 A.
“SPB Eligible Participant” means a Participant who is employed at the Employer’s Delaware City Refinery as of May 1, 2004, who had a pension benefit remaining in the Texaco/Star Pension Plan as of June 30, 2002 and who continued to
meet the eligibility requirements for the Supplemental Pension Benefit under the Shell Pension Plan as of April 30, 2004. 
  
 B. “Final Average Pay” means the average monthly Compensation of an Employee during his or her three (3) consecutive calendar
years of highest earnings (or the actual number of years if less than three) during the Employee’s final ten (10) calendar years of service (or the actual number of years if less than ten). With respect to the three (3) consecutive years used
in calculation of Final Average Pay, Compensation for any years shall not exceed $205,000 adjusted for increases in the cost of living in accordance with Section 401(a)(17) of the Code as prescribed by the Secretary of the Treasury. For purposes of
this subsection, Compensation shall be modified as follows: (i) the applicable straight-time portion of the night shift bonus payments for an Employee’s assignment for 

  

 
hours up to and including forty straight time hours per work week, and such payments as calculated under shift supervisors’ differential shall be
included; (ii) the applicable straight-time portion of pay and night shift bonus, including such payments as calculated under shift supervisors’ differential, for hours in excess of forty hours per work week, where such hours are part of an
established normal work week schedule of more than forty hours per work week shall be included; and (ii) any other overtime pay or shift differential not described in (i) or (ii) shall be excluded. 
  
 C. “SPB Percentage” means, for a Participant, an
amount equal to the percentage identified in Chart A (attached hereto) for such Participant, divided by twelve (12). The Participant’s SPB Percentage identified on Chart A is based on his or her number of years of service as of June 30, 2002
under the Texaco/Star Pension Plan. 
  
 D.
“Determination Date” means the earliest of termination of employment with the Employer, commencement of benefits under the Texaco/Star Pension Plan or June 30, 2012. 
  
 C. Interest Credits. 
  
 1. Basic Pension Account. Each Basic Pension Account shall be credited with interest (as an Interest Credit) at the end of each
month based on the amount of the Basic Pension Account as of the last day of the prior month. A Participant’s Basic Pension Account shall continue to be credited with interest until the earliest of (a) the Participant’s Annuity Starting
Date, (b) the date benefits are paid or commence under Section 7 or (c) if he or she terminates employment prior to becoming vested in his or her Pension Account, the date he or she terminates employment. In the event a Participant begins receiving
benefits at his or her Annuity Starting Date, or his or her beneficiary begins receiving benefits under Section 7, the Participant’s Basic Pension Account shall be credited with interest through the last day of the month preceding his or her
Annuity Starting Date or the date benefits are paid or commence under Section 7, respectively. 
  
 2. Supplemental Pension Account. If a Participant terminates employment on or after becoming vested in his or her Pension Account,
his or her Supplemental Pension Account shall be credited with interest (as an Interest Credit) at the end of each month following such termination based on the amount of the Supplemental Pension Account as of the last day of the prior month. Such
Interest Credits shall continue until the earlier of (a) the last day of the month preceding the Participant’s Annuity Starting Date or (b) the last day of the month preceding the date benefits are paid or commence under Section 7. 

 
 3. Interest Credit Rate. The effective annual rate
of interest used to determine the Interest Credit for a Plan Year shall equal the sum of (a) the average yield for the month of October of the immediately preceding Plan Year (as reported in the Federal Reserve Bulletin) on one-year Treasury
Constant Maturities, plus (b)

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