Document:

exv10w30

 

Exhibit 10.30

MARATHON

PETROLEUM COMPANY LLC

DEFERRED

COMPENSATION PLAN

Effective

January 1, 2006

 

 

Table of Contents

	 	 	 	 	 
	Article I. Definitions
	 	 	1	 
	Article II. Eligibility
	 	 	2	 
	Article III. Deferral of Compensation
	 	 	2	 
	Article IV. Other Contributions
	 	 	2	 
	Article V. Accounting
	 	 	3	 
	Article VI. Vesting
	 	 	3	 
	Article VII. Distribution of Benefits
	 	 	3	 
	Article VIII. Funding
	 	 	4	 
	Article IX. Plan Administration
	 	 	5	 
	Article X. Modification and Discontinuance
	 	 	7	 
	Article XI. General Provisions
	 	 	8	 

 

 

MARATHON PETROLEUM COMPANY LLC

DEFERRED COMPENSATION PLAN

Effective September 1, 2005, Marathon Ashland Petroleum LLC (MAP) changed its name to Marathon
Petroleum Company LLC (MPC). Therefore, “MAP” has been replaced with “MPC” throughout this
document, and all references to MPC are one and the same with respect to previous references to
MAP. The name change from MAP to MPC does not affect any benefits under this Plan.

This document serves both as the plan instrument and the summary plan description (SPD) that the
Company is required to provide Plan participants. It contains the provisions of the Marathon
Petroleum Company LLC Deferred Compensation Plan (MPC-DCP) as of January 1, 2006.

Article I. Definitions

	1.1	 	“Account” means an unfunded liability of the Employer in the name of each Participant.
	 
	1.2	 	“Affiliated Company” means any company required to be aggregated with MPC under IRC Section
414(b), (c), (m) or (o).
	 
	1.3	 	“Beneficiary” means any person(s) designated in writing by a Participant to receive payment
under this MPC-DCP in the event of the Participant’s death. In the event the Participant is
married and has designated no other beneficiary (or if the designated beneficiary has
predeceased the Participant), Beneficiary shall mean the Participant’s spouse. In the event
the Participant is not married at death and has designated no beneficiary (or if the
designated beneficiary has predeceased the Participant), Beneficiary shall mean the
Participant’s estate.
	 
	1.4	 	“Board” means the Board of Managers of Marathon Petroleum Company LLC.
	 
	1.5	 	“Code” means the Internal Revenue Code of 1986, as amended.
	 
	1.6	 	“Company” means Marathon Petroleum Company LLC and other related entities that adopt the Plan
with the Board’s consent.
	 
	1.7	 	“Compensation” means gross pay as defined in the qualified Marathon Oil Company Thrift Plan
without regard to any IRS limitations.
	 
	1.8	 	“Eligible Employee” means Marathon Petroleum Company LLC employees in Grade 19 and above or
Marathon Petroleum Company LLC Vice Presidents and above, whose Compensation is equal to or
greater than the amount that is provided in Code section 414(q)(1)(B), as adjusted annually
pursuant to the last paragraph of Code section 414(q)(1).
	 
	1.9	 	“Employee” means any individual employed by the Company.
	 
	1.10	 	“Employer” means Marathon Petroleum Company LLC and other related entities that adopt the
Plan with the Board’s consent.

MPC LLC Deferred Compensation Plan

1

 

	1.11	 	“ERISA” means the Employees Retirement Income Security Act of 1974 as amended.
	 
	1.12	 	“Nonqualified Plan” or “MPC-DCP” means the Marathon Petroleum Company LLC Deferred
Compensation Plan.
	 
	1.13	 	“Participant” means an Eligible Employee who elects to participate and/or receives
contributions under the MPC-DCP pursuant to Article III or IV of this MPC-DCP.
	 
	1.14	 	“Plan Administrator” means Rodney P. Nichols and any successor as designated by the Company
to administer the Plan.
	 
	1.15	 	“Plan Year” means the 12-consecutive month period beginning each January 1 and ending each
December 31.
	 
	1.16	 	“Retirement” means any termination of employment from MPC or an Affiliated Company upon the
earlier of attaining age 50 with ten (10) years of vesting service or attaining age 65.
	 
	1.17	 	“Salary Deferral” means the total amount deferred by the Participant from Compensation under
Article III and Article IV.

Article II. Eligibility

Any Marathon Petroleum Company LLC employee in compensation Grade 19 and above or Marathon
Petroleum Company LLC Vice President and above shall be eligible to participate in this Marathon
Petroleum Company LLC Deferred Compensation Plan (MPC-DCP).

Article III. Deferral of Compensation

Each Participant may elect prior to the first day they become eligible to participate in the
Plan, and thereafter, the first day of any Plan Year, to defer up to 20% of their Compensation (in
1% increments). An election to defer compensation shall be effective as of the first day of Plan
participation, or thereafter, the first day of the Plan Year following the election, and shall
remain in effect for the remainder of the Plan Year.

Article IV. Other Contributions

During each year that an employee is eligible to participate in the MPC-DCP, any Thrift Plan
Company match that under the law is excluded from the Thrift Plan would be allocated to the
MPC-DCP. In addition, any Thrift Plan Company match that would otherwise be attributable to the
deferred compensation amounts not covered by the qualified Thrift Plan would be allocated to the
MPC-DCP. The actual MPC-DCP employee elected contributions, however, are not matched by the
Company.

New hires who are eligible for this Plan and, who, except for the provisions governing the Thrift
Plan’s “waiting period,” would otherwise be eligible to participate in the Thrift Plan are eligible
to receive a Deferred Compensation Plan accrual equal to 6% of gross pay (as defined in the Thrift
Plan) during the Thrift Plan’s waiting period. This accrual is subject to the terms and conditions

MPC LLC Deferred Compensation Plan

2

 

of this Plan and shall cease to the extent that upon the first date of participation eligibility in
the Thrift Plan the employee is eligible under the law for Thrift Plan Company matching
contributions.

Article V. Accounting

	5.1	 	Allocation to Participant’s Account
	 
	 	 	The total amount of the deferred compensation shall be credited to the Participant’s Account
as of the date such amount would otherwise have been paid to such Participant.
	 
	5.2	 	Earnings
	 
	 	 	A Participant may select from a list of investment options that will be the same as the
investment options offered and modified from time to time under the terms of the qualified
Marathon Oil Company Thrift Plan. Earnings, gains and losses received on the investments
will be credited to the Participant’s Account on a daily basis. The Plan Administrator
shall develop such accounting procedures as it, in its sole discretion, deems advisable to
properly reflect the value attributable to the Participant’s Account.

Article VI. Vesting

A Participant’s elected contributions shall always be immediately vested. Other contributions
as defined under Article IV are vested as currently provided under the terms and conditions of the
Marathon Oil Company Thrift Plan. Irrespective of the preceding, a Participant’s Account shall be
subject to any claims for damages the Company may have due to the Participant’s negligence, willful
misconduct or fraud while in the Company’s employment. In addition, the Participant’s account may
be reduced by any amount resulting from any outstanding receivables, debts, loans or other
obligations owed to the Company.

Article VII. Distribution of Benefits

A Participant shall be entitled to a cash distribution under the MPC-DCP as provided in this
Article VII.

	7.1	 	General Rule
	 
	 	 	Upon termination of employment from MPC or any Affiliated Company for any reason other than
a transfer or retirement, a lump sum distribution is permitted.
	 
	 	 	Effective for terminations on or after January 1, 2006, with respect to any portion of a
Participant’s Account that was unvested as of December 31, 2004, or was accrued after
December 31, 2004, a Participant may receive a lump sum distribution or annual installments
in accordance with the distribution election procedures established by the Plan
Administrator. If no election is made, the separated Participant’s Account will be paid as
a lump sum distribution.

MPC LLC Deferred Compensation Plan

3

 

	 	 	Employees reassigned to the Pilot Travel Center LLC will be permitted to continue to
maintain their account, with no distribution required or permitted solely due to the
reassignment to Pilot.

	7.2	 	Retirement
	 
	 	 	Upon Retirement, a Participant may receive a lump sum distribution or annual installments
over a period not to exceed 10 years. Effective January 1, 2006, if no election is made,
the retired Participant’s Account will be paid in a lump sum distribution.
	 
	7.3	 	Death
	 
	 	 	Upon the death of a Participant, a lump sum distribution is permitted to the Participant’s
beneficiary.
	 
	7.4	 	Class Year System
	 
	 	 	Effective January 1, 2006, the “class year” distribution option is no longer available. For
“class year” elections made prior to January 1, 2006, separate records will be maintained
for each Account according to the Salary Deferrals and investment earnings and losses
attributable to each Plan Year that the individual participates in the Plan. Class Year
payouts shall commence as soon as administratively practicable in the year specified in the
Salary Deferral election.
	 
	7.5	 	Earnings on Unpaid Balances
	 
	 	 	In the event a Participant is entitled to receive a distribution, the Participant’s Account
shall be credited with earnings pursuant to the provisions set forth in Article V.
	 
	7.6	 	Request for Benefits
	 
	 	 	Any person claiming a benefit under the DCP shall present the request to the Plan
Administrator in writing, who shall respond as soon as may be feasible.

Article VIII. Funding

Benefits under this MPC-DCP shall be paid from the general assets of the Company. This
MPC-DCP shall be administered as an unfunded plan which is maintained primarily for the purpose of
providing supplemental retirement compensation “for a select group of management or highly
compensated employees” as set forth in Sections 201(2), 301(3), and 401(a)(1) of the ERISA, and is
not intended to meet the qualification requirements of Section 401 of the Code. Any assets set
aside by the Company for the purpose of paying benefits under this MPC-DCP shall not be deemed to
be the property of the Participant and shall be subject to claims of creditors of the Company. No
Participant or other person shall have any claim against, right to, or security or other interest
in, any fund, account or asset of the Company from which any payment under the MPC-DCP may be made.
Any use of the words “contributions” or “contribute,” or any similar phrase, shall not require
actual contributions or funding of this MPC-DCP and is only used for convenience when describing
the deferral activities of this MPC-DCP.

MPC LLC Deferred Compensation Plan

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Article IX. Plan Administration

	9.1	 	General Duty
	 
	 	 	The Marathon Petroleum Company LLC Deferred Compensation Plan shall be administered by the
Plan Administrator who shall be appointed by the Company and shall serve in such capacity
until resignation or removal by the Company. It shall be the principal duty of the Plan
Administrator to determine that the provisions of the MPC-DCP are carried out in accordance
with its terms, for the exclusive benefit of persons entitled to participate in the MPC-DCP.
	 
	9.2	 	Plan Administrator’s General Powers, Rights and Duties
	 
	 	 	The Plan Administrator shall have full power to administer the MPC-DCP in all of its
details, subject to the applicable requirements of law. For this purpose, the Plan
Administrator is, as respects the rights and obligations of all parties with an interest in
this MPC-DCP, given the powers, rights and duties specifically stated elsewhere in the
MPC-DCP, or any other document, and in addition is given, but not limited to, the following
powers, rights and duties:

	 	a.	 	to determine all questions arising under the MPC-DCP, including the power to
determine the rights or eligibility of Employees or Participants and any other persons,
and the amounts of their contributions or benefits under the MPC-DCP, to interpret the
MPC-DCP, and to remedy ambiguities, inconsistencies or omissions;
	 
	 	b.	 	to adopt such rules of procedure and regulations, including the establishment
of any claims procedure that may be required by law, as in its opinion may be necessary
for the proper and efficient administration of the MPC-DCP and as are consistent with
the MPC-DCP;
	 
	 	c.	 	to direct payments or distributions from the MPC-DCP in accordance with the
provisions of the MPC-DCP;
	 
	 	d.	 	to develop such information as may be required by it for tax or other purposes
as respects the MPC-DCP; and
	 
	 	e.	 	to employ agents, attorneys, accountants or other persons (who also may be
employed by the Company), and allocate or delegate to them such powers as the Plan
Administrator may consider necessary or advisable to properly carry out the
administration of the MPC-DCP.

The Plan Administrator’s decision in any matter involving the interpretation and application
of this MPC-DCP shall be final and binding. In the event the Plan Administrator would have
to decide any issue under the MPC-DCP which could affect the form or timing of the payment
of deferred compensation under the MPC-DCP, then the Company shall make that decision.

	9.3	 	Nondiscriminatory Exercise of Authority

MPC LLC Deferred Compensation Plan

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Any discretionary acts taken under this Plan by the Plan Administrator shall be uniform in
their nature, shall be applicable to all members similarly situated, and shall be
administered in a nondiscriminatory manner in accordance with the provisions of the Code and
ERISA.

However, such preceding requirement shall not prohibit the Plan Administrator from valuing
the Account of a Participant at a different date or time in order to facilitate a
distribution, nor from taking other actions which may be different with respect to a
Participant so long as with respect to a particular action, right, or privilege granted by
the MPC-DCP or established by the Plan Administrator, the Participant is treated in a
similar fashion.

	9.4	 	Indemnification of Administrator
	 
	 	 	The Company agrees to indemnify and to defend to the fullest extent permitted by law any
Employee serving as the Plan Administrator against all liabilities, damages, costs and
expenses (including attorney’s fees and amounts paid in settlement of any claims approved by
the Company) occasioned by any act of omission to act in connection with the MPC-DCP, if
such act of omission is or was in good faith.
	 
	9.5	 	Information Required by Plan Administrator
	 
	 	 	The Plan Administrator shall obtain such data and information as deemed necessary or
desirable in order to administer the MPC-DCP. The records of the Company as to an
Employee’s or Participant’s period or periods of employment, termination of employment and
the reason therefor, leave of absence, re-employment and earnings will be conclusive on all
persons unless determined by independent agents or delegates of the Plan Administrator to be
incorrect. Participants and other persons entitled to benefits under the MPC-DCP also shall
furnish the Plan Administrator with such evidence, data or information, as the Plan
Administrator considers necessary or desirable to administer the MPC-DCP.
	 
	9.6	 	Claims and Review Procedures

	 	a.	 	Claims Procedure. If a Participant believes any rights or benefits are being
improperly denied under the MPC-DCP, such Participant may file a claim in writing with
the Plan Administrator. If any such claim is wholly or partially denied, the Plan
Administrator shall notify such Participant of its decision in writing. Such
notification shall be written in a manner calculated to be understood by such
Participant and shall contain (i) specific reasons for the denial, (ii) specific
reference to pertinent MPC-DCP provisions, (iii) a description of any additional
material or information necessary for the Participant to perfect such claim and an
explanation of why such material or information is necessary, and (iv) information as
to the steps to be taken if the Participant wishes to submit a request for review.
Such notification shall be given within 90 days after the claim is received by the Plan
Administrator (or within 180 days, if special circumstances require an extension of
time for processing the claim, and if written notice of such extension and
circumstances is given to such Participant within the initial 90 day period.) If such
notification is not given within such period the claim shall be considered denied as of
the last day of such period and such Participant may request a review of his claim.

MPC LLC Deferred Compensation Plan

6

 

	 	b.	 	Review Procedure. Within 60 days after the date on which a Participant
receives a written notice of a denied claim (or, if applicable, within 60 days after
the date on which such denial is considered to have occurred) such Participant (or the
Participant’s duly authorized representative) may (i) file a written request with the
Plan Administrator for a review of his denied claim and of pertinent documents, and
(ii) submit written issues and comments to the Plan Administrator. The Plan
Administrator shall notify such Participant of its decision in writing. Such
notification shall be written in a manner calculated to be understood by such
Participant and shall contain specific reasons for the decision as well as specific
references to pertinent MPC-DCP provision. The decision on review shall be made within
60 days after the request for review is received by the Plan Administrator (or within
120 days, if special circumstances require an extension of time for processing the
request, such as an election by the Plan Administrator to hold a hearing, and if
written notice of such extension and circumstances is given to such person within the
initial 60 day period). If the decision on review is not made within such period, the
claim shall be considered denied.

	9.7	 	Furnishing Information or Providing Other Reports
	 
	 	 	The Plan Administrator shall provide Employees with: (a) a description of the MPC-DCP, and
(b) such other information or notices as required by the ERISA or other applicable law.
After payment by the Employee of a reasonable charge, which charge may be waived by the Plan
Administrator, the Plan Administrator shall provide the Employee with a copy of this MPC-DCP
upon written request by the Employee. The Plan Administrator shall also file with
government authorities any reports or returns required.
	 
	9.8	 	Account Statement
	 
	 	 	Participants shall receive statements at least annually of their Account reflecting amounts
deferred and any adjustments due to gain or loss resulting from distributions and any
allocable expenses. The Plan Administrator may establish other dates to provide additional
statements.

Article X. Modification and Discontinuance

Marathon Petroleum Company LLC reserves the right to modify, suspend, or terminate the Plan at
any time, in whole or in part, in such manner as it shall determine. Included in the Company’s
right to amend, suspend or terminate is the Company’s right at any time to no longer permit any
additional participants under the MPC-DCP, to cease making Company allocations, and to distribute
all Account balances upon MPC-DCP termination. The Plan Administrator may promulgate rules and
procedures from time to time to carry out the provisions of this Article X. However, in no event
shall the Company have the right to eliminate or reduce any benefit, which has been vested or
become forfeitable under the MPC-DCP, pursuant to Article VI.

In addition to the other methods of amending Marathon Petroleum Company’s employee benefit plans,
practices, and policies (hereinafter referred to as ‘MPC Employee Benefit Plans’) which have been
authorized, or may in the future be authorized by the Board, the Company’s Vice

MPC LLC Deferred Compensation Plan

7

 

President of Human Resources may approve the following types of amendments to MPC Employee Benefit
Plans:

	 	i.	 	With the opinion of counsel, technical amendments required by applicable laws and
regulations;
	 
	 	ii.	 	With the opinion of counsel, amendments that are clarifications of plan provisions;
	 
	 	iii.	 	Amendments in connection with a signed definitive agreement governing a merger,
acquisition or divestiture such that, for MPC Employee Benefit Plans, needed changes are
specifically described in the definitive agreement, or if not specifically described in the
definitive agreement, the needed changes are in keeping with the intent of the definitive
agreement;
	 
	 	iv.	 	Amendments in connection with changes that have a minimal cost impact (as defined
below) to the Company; and
	 
	 	v.	 	With the opinion of counsel, amendments in connection with changes resulting from state
or federal legislative actions that have a minimal cost impact (as defined below) to the
Company.

For purposes of the above, “minimal cost impact” is defined as an annual cost impact to the Company
per MPC Employee Benefit Plan case that does not exceed the greater of (i) an amount that is less
than one-half of one percent of its documented total cost (including administrative costs) for the
previous calendar year, or (ii) $100,000.

Article XI. General Provisions

	11.1	 	Notices
	 
	 	 	Each Participant entitled to benefits under the MPC-DCP must file in writing with the Plan
Administrator such Participant’s post office address and each change of post office address.
Any communication, statement or notice addressed to any such Participant at the last post
office address filed with the Plan Administrator will be binding upon such person for all
purposes of the MPC-DCP, and the Plan Administrator shall not be obligated to search for or
ascertain the whereabouts of any Participant. Any notice or document required to be given
or filed with the Plan Administrator shall be considered as given or filed if delivered or
mailed by registered mail, postage prepaid, to Rodney P. Nichols, P.O. Box 1, Findlay, Ohio
45839-0001.
	 
	11.2	 	Employment Rights
	 
	 	 	The MPC-DCP does not constitute a contract of employment, and participation in the Plan will
not give any Participant the right to be retained in the employ of the Company nor any right
or claim to any benefit under the MPC-DCP, unless such right or claim has specifically
accrued under the terms of the MPC-DCP.
	 
	11.3	 	Interests Not Transferable

MPC LLC Deferred Compensation Plan

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	 	 	Except as may be required by law, including the federal income and employment tax
withholding provisions of the Code, or of an applicable state’s income tax act, the
interests of Participants and their beneficiaries under this MPC-DCP are not subject to the
claims of their creditors and may not be voluntarily or involuntarily sold, transferred,
alienated, assigned or encumbered. The preceding shall not preclude the Company from
asserting any claim for damages or for any debt that the Company may have with respect to
the Participant.

	11.4	 	No Interest or Earnings
	 
	 	 	No interest or earnings of any type shall accrue, be credited or be payable on any amounts
that are credited to a Participant’s Account under this MPC-DCP other than as specified in
Article V, Section 5.2.
	 
	11.5	 	Facility of Payment
	 
	 	 	When a Participant entitled to benefits under the MPC-DCP is under a legal disability, or,
in the Plan Administrator’s opinion, is in any way incapacitated so as to be unable to
manage their financial affairs, the Plan Administrator may direct that the benefits to which
such Participant otherwise would be entitled shall be made to such Participant’s legal
representative, or to such other person or persons as the Plan Administrator may direct the
application of the benefits for the benefit of such Participant. Any payment made in
accordance with such provisions of this Article XI, Section 11.5 shall be a full and
complete discharge of any liability for such payment.
	 
	11.6	 	Controlling State Law
	 
	 	 	To the extent not superseded by the laws of the United States, the laws of the State of Ohio
shall be controlling in all matters relating to the MPC-DCP.
	 
	11.7	 	Severability
	 
	 	 	In case any provisions of the MPC-DCP shall be held illegal or invalid for any reason, such
illegality or invalidity shall not affect the remaining provisions of the MPC-DCP, and the
MPC-DCP shall be construed and enforced as if such illegal and invalid provisions had never
been set forth in the MPC-DCP.
	 
	11.8	 	Statutory References
	 
	 	 	All references to the Code and ERISA include reference to any comparable or succeeding
provisions of any legislation, which amends, supplements or replaces such section or
subsection.
	 
	11.9	 	Headings
	 
	 	 	Section headings and titles are for reference only. In the event of a conflict between a
title and the content of a section, the content of the section shall control.
	 
	11.10	 	Non-taxable Benefits

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It is the intention of the Company that this MPC-DCP meet all requirements of the Code so
that the benefits provided be non-taxable during the period of deferral and until actual
distribution is made.

MPC LLC Deferred Compensation Plan

10

 

          IN WITNESS WHEREOF, Marathon Petroleum Company LLC has caused its name to be hereunto
subscribed by its Vice President, Corporate Responsibility, Marathon Petroleum Company LLC, and its
company seal to be hereto affixed.

	 	 	 	 	 	 	 
	 	 	Marathon Petroleum Company LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	     /s/ R. K. Lohoff	 	 
	 

	 	 	 	 	 	 
	 

	 	 
	 	R. K. Lohoff	 	 
	 
	 	 	 	 	 	 
	 

	 	Its:
	 	Vice President, Corporate Responsibility	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Attest:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Its:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	(Company Seal)	 	 

	 
	STATE OF OHIO     )

	 

	                                             ) ss.

	 

	COUNTY OF HANCOCK)

     On this                      day of                     , 2006, before me, a notary public within and for the
State of Ohio, personally appeared R. K. Lohoff and                                         , to me personally known,
who being by me first duly sworn, did depose and say that they are the Vice President, Corporate
Responsibility, and the                                         , respectively, of Marathon Petroleum Company LLC, the
Company named in and which executed the foregoing instrument; that the seal affixed to the
instrument (if any) is the seal of said company, and that said instrument was signed and sealed on
behalf of said company by authority of its Board of Managers; and they acknowledged said instrument
to be the free act and deed of said company.

	 	 	 	 	 
	 

	 	 	 	 
	 

	 	Notary Public, State of Ohio	 	 

(Notarial Seal)

MPC LLC Deferred Compensation Plan

11exv10w31

 

Exhibit 10.31

Speedway SuperAmerica LLC

Excess Benefit Plan

As

Amended and Restated

Generally Effective

January 1,1999 1

Counterpart 5 of 5

 

			
	1	 	For amendments made relating to
recognizing non-consecutive Group I bonuses and deferred compensation amounts
in the 36 months prior to retirement, the effective date is April 1, 1997.

 

 

SPEEDWAY SUPERAMERICA LLC

EXCESS BENEFIT PLAN

ARTICLE I

	I.	 	Purpose

This Plan, formerly known as the Emro Marketing Company Excess Benefit Plan, has been amended
and restated to become the Speedway SuperAmerica LLC Excess Benefit Plan effective January 1,
1999 and to include amendments made to the plan effective January 1, 1997 relating to the
provision of additional benefits for amounts deferred under the Company’s existing and former
deferred compensation plans as well as amendments made to recognize non-consecutive bonuses in
calculating Final Average Pay. The purpose of this Plan is to compensate employees for the loss
of benefits under the Retail Provisions of the Marathon Ashland Petroleum Retirement Plan (the
“Retail Sub-Plan”) due to certain limits placed by the Internal Revenue Code (“IRC”) and in
certain cases to provide benefits relating to compensation updates under the provisions of that
Plan relating to the former Petroleum Marketing Retirement Plan which was merged into the MAP
Plan’s Retail Sub-Plan but which are unavailable under the qualified plan due to certain IRC
limitations. The term “Company” as referred to herein shall mean Speedway SuperAmerica LLC (and
its predecessor Emro Marketing Company where appropriate) and any other company which has been
authorized to participate in the Retail Provisions of the MAP Plan, including the former PMRP.

This Speedway SuperAmerica LLC Excess Benefit Plan (“Excess Benefit Plan”) sets forth the terms
and conditions under which benefits designed to compensate employees for the aforementioned
losses of benefits shall be accrued and paid by the Company.

Page 1

 

ARTICLE II

	II.	 	Eligibility

Every individual who qualifies for a benefit under the terms of the Retail Provisions of the MAP
Plan (and the analogous provisions of the former PMRP) and whose benefit as determined under
Article IV, Sections A, B, C, D or E of the Retail Sub-Plan of the MAP Plan is reduced by any of
the following limitations, is eligible to accrue Excess Benefit Plan benefits:

	 	1.	 	IRC §415,
	 
	 	2.	 	The annual compensation limit as set forth under IRC §401(a)(17),
	 
	 	3.	 	Employees excluded from receiving the benefits described in Article IV(B) entitled,
“Grandfathered or Prior Plan Benefit for Former Petroleum Marketing Retirement Plan
Participants” and Article IV(C) entitled “Transition Provision For Former SuperAmerica
Employees Who Were Ashland Inc. and Associate Plan Participants on December 31, 1998”
solely due to their status as highly compensated employees or being deemed as highly
compensated employees.

Every individual who is eligible to receive benefits under this Excess Benefit Plan by reason of
their active employment with the Company shall be known as a Participant. Every individual who
becomes eligible to receive benefits under this Excess Benefit Plan in the event of the death of
a Participant shall be known as a Beneficiary. The Beneficiary of a Participant under this
Excess Benefit Plan shall be such Beneficiary as may be provided under Article VI, Section B of
this Plan.

ARTICLE III

	III.	 	Excess Retail Sub-Plan Benefits

	 	A.	 	Amount of Excess Retail Sub-Plan Benefit

The amount of Excess Retail Sub-Plan Benefit which a Participant or Beneficiary is entitled
to receive shall be equal to the excess of (1) over (2) below:

Page 2

 

	 	(1)	 	The amount of benefit which such Participant or Beneficiary would be entitled
to receive under the Retail Sub-Plan if such benefit were computed without giving
effect to the limitations referenced under Article II, of this Plan; less
	 
	 	(2)	 	The amount of benefit which such Participant or Beneficiary is entitled to
received under the Retail Sub-Plan.

     In determining the Excess Benefits the following shall apply to (1) above:

	 	a)	 	The Excess Benefit calculation shall include in Compensation amounts
any Participant shall have contributed to a non-qualified deferred compensation
plan sponsored by Speedway SuperAmerica LLC or previously sponsored by Emro
Marketing Company during the previous 36 month period used to calculate the
Participant’s benefit under the Retail Sub-Plan; and
	 
	 	b)	 	For employees of the Company at Grade 19 and above, the definition of
“Final Average Pay for calculating the Excess Benefit shall be the highest monthly
pay, excluding bonuses, of a member for any consecutive thirty-six months period
during the last ten years of employment, plus the highest three bonuses paid out in
the last 10 years (not necessarily consecutive), divided by 36. Compensation used
to determine Final Average Pay shall otherwise be the same as defined under the
Retail Sub-Plan.

	 	B.	 	Payment of Excess Retail Sub-Plan Benefits

	 	 	 	Payment of Excess Retail Sub-Plan Benefits shall be accomplished by means of unfunded
payments directly from the Company.
	 
	 	 	 	Payment of Excess Retail Sub-Plan Benefits shall commence no earlier than the date benefits
commence under the Retail Sub-Plan and shall be made

Page 3

 

	 	 	 	under the same form of payment provided under the Retail Sub-Plan with respect to such
Participant or Beneficiary. Consequently, a Participant must be vested under the Retail
Sub-Plan in order for an Excess Retail Sub-Plan Benefit to be payable. Upon request received
prior to the commencement of the Excess Retail Sub-Plan Benefits, the Plan Administrator
may, however, at their sole discretion, approve a form of payment, which is different from
the form of payment provided under the Retail Sub-Plan to the Participant or Beneficiary.
The amount of any form of payment hereunder shall be determined by using the same factors
and assumptions, which would be used by the Retail Sub-Plan for such Participant or
Beneficiary at the time the form of payment is calculated.

ARTICLE IV

	IV.	 	Administration of Excess Benefit Plan

The Company has delegated its administrative authority hereunder to the Plan Administrator of
the Marathon Ashland Petroleum LLC Retirement Plan or their successor. The Plan Administrator
shall have authority to control and manage the operation and administration of the Excess
Benefit Plan, including all rights and powers necessary or convenient to the carrying out of its
functions hereunder.

ARTICLE V

	V.	 	Amendment or Termination

	 	A.	 	Amendments and Termination
	 
	 	 	 	The Company, in its sole discretion, may amend or terminate this Excess Benefit Plan at any
time, but in no event shall such amendment or termination adversely affect the benefits
accrued to the Participants or Beneficiaries hereunder prior to the effective date of such
amendment or termination.

Page 4

 

	 	B.	 	Notice of Amendment or Termination
	 
	 	 	 	The Plan Administrator shall notify Participants or Beneficiaries under the Excess Benefit
Plan of any amendment affecting their benefits under or terminating the Excess Benefit Plan
within a reasonable time after such action.

ARTICLE VI

	VI.	 	Miscellaneous

	 	A.	 	No Guarantee of Employment, etc.
	 
	 	 	 	Neither the creation of the Excess Benefit Plan nor anything contained herein shall be
construed as giving any Participant hereunder or other employees of the Company any right to
remain in the employ of the Company.

	 	B.	 	Beneficiaries
	 
	 	 	 	Subject to any designation guidelines established by the Plan Administrator, each
Participant shall have the right at any time to designate, or to rescind or change the
designation of, a primary and a contingent Beneficiary to receive benefits payable in the
event of the Participant’s death. Such designation, or rescission or change of designation,
shall be made in writing and shall be filed with the Plan Administrator. The designation,
rescission, or change of designation shall be effective as of the date filed with the Plan
Administrator and shall be controlling over any disposition by will or otherwise. In the
event that a Participant fails to so designate any Beneficiary, or in the event there shall
be no Beneficiary so designated by such Participant living at the time of such Participant’s
death, then and in either of said events, any such benefits shall be paid out in lump sum
form to the person or persons comprising the first surviving class of the following classes:

	 	1.	 	The Participant’s surviving spouse.
	 
	 	2.	 	The Participant’s surviving children.
	 
	 	3.	 	The Participant’s surviving parents.
	 
	 	4.	 	The Participant’s surviving brothers and sisters.

Page 5

 

	 	5.	 	The executor or administrator of the Participant’s estate.

	 	C.	 	Rights of Participants and Beneficiaries
	 
	 	 	 	Payment of benefits hereunder to Participants or Beneficiaries shall be made only to them or
their legal representatives, and there shall be no interest in any benefit payments to be
made prospectively, or any part thereof, nor shall benefits hereunder or the expectation of
such benefits be assignable by operation of law or otherwise, or be subject to any form of
reduction for the debts or defaults of such Participants or Beneficiaries whether to the
Company or to others. However, this Section C shall not apply to portions of benefits
applied at the direction of the person eligible to receive such benefits to the premiums on
life or health insurance provided under any Company program, or to the withholding of taxes.
	 
	 	D.	 	No Requirement to Fund
	 
	 	 	 	No provisions in the Excess Benefit Plan, either directly or indirectly, shall be construed
to require the Company to reserve, or otherwise set aside, funds for the payment of benefits
hereunder.
	 
	 	 	 	Any payments are to be made from the general assets of the Company. The Company’s obligation
to make payments is a general obligation, which is outside the provisions of its qualified
plans and the trusts created thereunder.
	 
	 	E.	 	Controlling Law
	 
	 	 	 	To the extent not preempted by the laws of the United States of America, the laws of the
State of Ohio shall be the controlling state law in all matters relating to the Excess
Benefit Plan and shall apply.
	 
	 	F.	 	Severability
	 
	 	 	 	If any provisions of the Excess Benefit Plan shall be held illegal or invalid for any
reason, said illegality or invalidity shall not affect the remaining parts of the

Page 6

 

	 	 	 	Excess Benefit Plan, but this Plan shall be construed and enforced as if said illegal or
invalid provision had never been included herein.
	 
	 	G.	 	Affect on Other Benefit Plans
	 
	 	 	 	Any benefit payable under the Retail Sub-Plan shall be paid solely in accordance with the
terms and provisions of the Retail Sub-Plan of the Marathon Ashland Petroleum LLC Retirement
Plan, and nothing in the Excess Benefit Plan shall operate or be construed in any way to
modify, amend, or affect the terms and provisions of the Retail Sub-Plan.

Page 7

 

             IN WITNESS WHEREOF, Speedway SuperAmerica LLC has caused its name to be hereunto subscribed by
its President, and its corporate seal to be hereto affixed.

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	Speedway SuperAmerica LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	BY: 
	/s/ J.P. Surma	 	 
	 

	 	 	 	 	 
	 

	 	 	J. P. Surma	 	 
	 

	 	 	Its President	 	 
	 
	 	 	 	 	 	 
	(Seal)
	 	 	 	 	 	 
	 

	 	ATTEST:	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	ITS:	 	 	 	 
	 

	 	 	 	 	 	 

	 	 	 
	STATE OF OHIO
	 	 
	                   SS
	 	
	COUNTY OF HANCOCK
	 	 

             
On this ___  day of December 1999 before me, a notary public within and for the State of
Ohio, personally appeared J. P. Surma and ___, to me personally known, who being by me
first duly sworn, did depose and say that they are the President, and the Assistant Secretary,
respectively, of Speedway SuperAmerica LLC, a Delaware limited liability company, named in and
which executed the foregoing instrument; that the seal affixed to the instrument (if any) is the
seal of said corporation, and that said instrument was signed and sealed on behalf of said
corporation by authority of its Board of Managers; and they acknowledged said instrument to be the
free act and deed of said company.

	 	 	 	 	 
	 

	 	 	 	 
	 

	 	 	 	 
	 

	 	Notary Public, State of Ohio	 	 
	 

	 	My Commission Expires:	 	 
	(Notarial Seal)
	 	 	 	 

Page 8

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