Document:

EXHIBIT 10(iii)(d)

 

 

EXXONMOBIL
EXECUTIVE LIFE INSURANCE AND

DEATH BENEFIT
PLAN

 

 

1.                  
Participation 

 

1.1          Covered
Executive

Each covered
executive is a participant  in this Plan.

 

1.2          Retiree 

(A)          In
General

Except as
provided in paragraph (B) below, each person who becomes a retiree  on or
after the effective date, and who is a covered executive
immediately prior to becoming a retiree  is a participant  in this
Plan. In addition, each grandfathered retiree is a participant  in
the Plan.

(B)          Exception 

A retiree 
will cease to be a participant  during the time the retiree  is a suspended
retiree. 

 

1.3          Cessation
of Participant Status

(A)          Termination
of Employment

(1)           In
General

Except as
provided in paragraphs (2) through (4) below, a covered executive will
cease to be a participant  31 days after the covered executive terminates
employment without becoming a retiree. 

(2)           Exception
for Long Term Disability

A covered
executive who terminates employment with eligibility for long-term
disability benefits under the ExxonMobil Disability Plan, will cease to be a participant 
at the earlier of

(a)           one
year after terminating employment, or

(b)           the
date the person is no longer eligible for long-term disability benefits on
account of ceasing to be disabled

(3)           Exception
for Coverage Provided Through Death Benefit

If, at the time
a covered executive terminates employment he or she has elected to
receive executive life coverage in the form of a death benefit, the covered
executive will cease to be a participant  on the date of such
termination of employment.

(4)           Exception
for Transition Severance Terminees

(a)           In
General

A covered
executive who terminates employment without becoming a retiree  shall
continue to be a participant  for a period of one year from the date of
such termination of employment, but only if the person is eligible for a
benefit under the Exxon Transition Severance Plan, or if the Corporation,
acting through its management, determines that the covered executive is
otherwise eligible for such continued participation.

(b)           Termination
of Provision

This paragraph
(4) shall not apply to any covered executive who terminates employment
after August 31, 2000.

(B)          Suspended
Retirees

A retiree 
or grandfathered retiree will cease to be a participant  during
the time the person is a suspended retiree. 

 

 

2.             Coverage 

 

2.1          When
and How Coverage is Provided

(A)          In
General

(1)           Executive
Life Coverage

Executive life
coverage is automatically provided to all participants  other than grandfathered
retirees. 

(2)           Supplemental
Group Life Coverage

Supplemental
group life coverage is automatically provided to all participants  who
are grandfathered retirees. 

1

 

(B)          Life
Insurance or Death Benefit Option

(1)           In
General

Both executive
life coverage and supplemental group life coverage is automatically provided
under the Plan as life insurance unless a participant  elects to receive
coverage in the form of a death benefit.

(2)           Election 

Participants may, at any time,
elect to receive executive life or supplemental group life coverage, whichever
is applicable, as a death benefit, and may revoke any such election. An
election or revocation under this paragraph (2) shall be made in accordance
with procedures established by the administrator. 

(3)           When
Election is Effective

(a)           Death
Benefit

An election
under paragraph (2) above to receive executive life or supplemental group life
coverage as a death benefit shall become effective on the first of the month
following the receipt of such election by the administrator. 

(b)           Revocation
of Election

A participant's 
revocation of a death benefit election in favor of receiving executive life or
supplemental group life coverage as life insurance becomes effective on the
first of the month following the date the administrator  receives
notification from the insurer  that the insurer  has, in its
discretion, approved evidence of insurability submitted by the participant. 

(4)           Reinstatement
of Coverage

If a participant's 
executive life or supplemental group life coverage is reinstated after a period
in which the participant  was ineligible for coverage under section
1.3(B) above on account of becoming a suspended retiree, such coverage
shall be reinstated under the option (i.e., life insurance or a death benefit)
in force at the time coverage was lost.

(C)          Termination
of Coverage

Executive life or
supplemental group life coverage terminates for an individual on the date the
individual ceases to be a participant. 

 

2.2          Amount
of Benefit

(A)          Executive
Life Coverage

(1)           In
General

Except as
provided in paragraph (2) below, the amount of executive life coverage in
effect for a participant  is equal to the applicable percentage
determined under the following chart multiplied by the participant's 
annual base pay:

	
  If the
  participant's age is

  	
  The percentage
  is

  
	
  Under 65

  	
  400%

  
	
  65-69

  	
  350%

  
	
  70-74

  	
  300%

  
	
  75 and over

  	
  250%

  

 

For this
purpose, a participant  attains a particular age as of the first day of
the month in which the person will turn such age. In addition, a covered
executive's annual base pay is the base pay in effect at the time coverage
is determined, and a retiree's  base pay is the base pay in effect for
the person immediately before the person became a retiree. 

(2)           Transition
Severance Terminees

The amount of
executive life coverage in effect for a person who is a participant 
solely on account of section 1.3(A)(4) above relating to transition severance
terminees is 200% of the person's annual base pay in effect immediately before
the person's termination of employment.

(B)          Supplemental
Group Life Coverage

Supplemental
Group Life Coverage is provided

(1)           during
retirement to all grandfathered retirees, and

(2)           during
employment to those persons who become grandfathered retirees after the effective
date. 

The amount of
supplemental group life coverage in effect for a grandfathered retiree
is equal to the amount of coverage in effect for the person under the
provisions of the Supplemental Group Life Insurance Plan or Supplemental Group
Death Benefit Plan (as such plans existed on December 31, 1999) as of the later
of December 31, 1999 or the date the person retires. The amount of supplemental
group life coverage in effect during employment for a person who becomes a grandfathered
retiree after the effective date is the amount of coverage to which
they are entitled under the terms of the Supplemental Group Life Insurance Plan
or Supplemental Group Death Benefit Plan (as such plans existed on December 31,
1999).

2

 

 

 

3.             Payment
of Benefit

 

3.1          Conditions
for Payment of Benefit

If a participant 
dies while executive life or supplemental group life coverage for that participant 
is in effect, then the amount of coverage then in effect for the participant 
becomes payable; provided, that proof of death satisfactory to the insurer 
must be provided before any benefit becomes payable as life insurance.

 

3.2          Form
of Payment

A benefit
payable under Section 3.1 above upon a participant's  death shall be paid
in a lump sum.

 

3.3          Source
of Payment

(A)          Life
Insurance

Executive life
and supplemental group life coverage in the form of life insurance shall be
provided through one or more policies of insurance issued by an insurer 
selected by the Corporation, and any executive life or supplemental
group life benefit payable as insurance shall be paid pursuant to such policy
or policies.

(B)          Death
Benefit

Any executive
life or supplemental group life benefit payable as a death benefit shall be
paid from the general assets of the Corporation. 

 

3.4          To
Whom Paid

A benefit
payable under Section 3.1 above upon a participant's  death shall be paid
as follows:

(A)          If
a beneficiary designation is in effect at the time of the participant's 
death, the benefit shall be paid in accordance with such designation.

(B)          If
no beneficiary designation is in effect, the benefit shall be paid to the first
of the following groups that has at least one member that survives the participant: 

(1)           The
participant's  spouse.

(2)           The
participant's  children. In this event, the benefit will be divided
equally among the children who survive the participant  as well as the
children who die before the participant  leaving children of their own
who survive the participant. In the case of a participant's  child
who dies before the participant  leaving children of his or her own who
survive the participant, such child's share shall be divided equally among his
or her surviving children.

(3)           The
participant's  parents. In this event, the benefit will be divided
equally among the parents if they both survive the participant. 

(4)           The
participant's  brothers and sisters. In this event, the benefit will be
divided equally among the brothers and sisters who survive the participant 
as well as the brothers and sisters who die before the participant 
leaving children of their own who survive the participant.  In the case
of a brother or sister who dies before the participant  leaving children
of his or her own who survive the participant, such brother or sister's
share shall be divided equally among his or her surviving children.

(5)           The
participant's  executors or administrators.

For purposes of
this Paragraph (B), a spouse of a participant  shall include only someone
who is the legal spouse of the participant, and a child, parent,
brother, or sister of a participant  shall include only someone who is a
legitimate blood relative of the participant  or whose relationship with
the participant  is established by virtue of a legal adoption.

 

 

4.             Designation
of Beneficiary

 

4.1          Designation 

A participant 
may designate one or more beneficiaries to receive the payment of benefits upon
the death of the participant, or may at any time change or cancel a
previously made beneficiary designation.

 

4.2          Forms
and Submission

Any beneficiary
designation or change or cancellation thereof shall be made on such forms and
in such manner as is satisfactory to the insurer. No beneficiary
designation or change or cancellation thereof shall become effective until
received by the insurer  or its designated agent.

3

 

 

4.3          Designation
Made Under Prior Plans

Any beneficiary
designation made by a participant  under the Supplemental Group Life
Insurance Plan or Supplemental Death Benefit Plan that remains in effect on
December 31, 1999, shall continue to be valid under this Plan on and after the effective
date until and unless properly superseded.

 

 

5.             Miscellaneous 

 

5.1          Plan
Funding

The funding for
executive life and supplemental group life coverage, including the funding of
premiums under any life insurance policy issued in connection with such
coverage, shall be paid for by the Corporation; no participant 
contributions will be required or permitted.

 

5.2          Assignment
of Insurance

(A)          Assignment 

A participant 
may assign to another owner the participant's  interest in his or her
executive life or supplemental group life coverage provided in the form of life
insurance. Such assignment shall be made on such forms and in such manner as is
acceptable to the administrator  and the insurer. 

(B)          Effect
of Assignment

(1)           In
General

When an
assignment of a participant's  coverage is in effect as described in
paragraph (A) above, then, except as provided in paragraph (2) below, the participant's 
assignee shall have the right to take all actions under the terms of this Plan
with respect to such coverage that the participant  would otherwise have
the right to take, including, without limitation, the right to designate a
beneficiary.

(2)           Exception 

An assignee
shall not have the right under this Plan to elect to receive executive life or
supplemental group life coverage as a death benefit under section 2.1(B)(2)
above or to revoke an already existing election.

(C)          Assignment
Under Prior Plan

Any assignment
of coverage made by a participant  under the Supplemental Group Life
Insurance Plan shall continue to be valid under this Plan with respect to
executive life and supplemental group life coverage.

 

5.3          Amendment
and Termination

The Corporation 
at any time, by action of any duly authorized officer, may amend or terminate
this Plan in whole or in part.

 

5.4          Responsibilities
and Authority of Administrator

The administrator 
shall fulfill all duties and responsibilities of a "plan
administrator" required by the Employee Retirement Income Security Act of
1974, as amended. The administrator  shall have the authority to control
and manage the operation and administration of this Plan, including, without
limitation:

(A)          discretionary
and final authority to determine eligibility and to administer this Plan in its
application to each participant  and beneficiary; and

(B)          discretionary
and final authority to interpret this Plan, in whole or in part, including but
not limited to, exercising such authority in conducting a full and fair review,
with such interpretation being conclusive for all participants and
beneficiaries under this Plan.

 

5.5          Claim
Appeal Process

(A)          Submission
of Appeal

In the event a
claim for benefits is denied, the claimant has the right to appeal to the administrator.
A written request to review a denied claim must be received by the administrator 
within 90 days after the claim denial. The request may state the reasons the
claimant believes he or she is entitled to Plan benefits, and may be
accompanied by supporting information and documentation for the administrator's 
consideration.

(B)          Decision 

The administrator 
shall decide appeals in accordance with the administrator's  fiduciary
authority set out in section 5.4 above. Appeal decisions will be made within 60
days of the receipt of the claim by the administrator  unless special
circumstances warrant an extension of time.  If an extension of time is
required, the administrator  will notify the claimant of the extension.
In all cases, the decision will be made no later than 120 days after the
receipt of the claim by the administrator. The appeal decision shall be
in writing, specify the reasons for the decision, and refer to the relevant
Plan provision(s) on which the decision is based.

4

 

 

5.6          Definitions 

The following
terms shall have the following meanings ascribed to them:

(A)          "Administrator"
means the Manager, Compensation and Executive Plans, Human Resources
Department, Exxon Mobil Corporation.

(B)          "Corporation"
means Exxon Mobil Corporation.

(C)          "Covered
Employee" has the meaning set out in the ExxonMobil Benefit Plans Common
Provisions.

(D)          "Covered
Executive" means a covered employee who has a classification level
of 35 or higher; provided, however, that the group of covered executives shall
be frozen as of September 30, 2007, and no individual shall become a covered
executive on or after October 1, 2007.

(E)           "Effective
Date" means January 1, 2000.

(F)           "Grandfathered
retiree" means a person who

(1)           became
a retiree  prior to the effective date, and was covered under the
Supplemental Group Life Insurance Plan or Supplemental Death Benefit Plan
immediately prior to the effective date, or who

(2)           becomes
a retiree  after the effective date after having been given the
opportunity to elect and having elected continued coverage under the
Supplemental Group Life Insurance Plan or Supplemental Death Benefit Plan.

(G)          "Insurer"
means the insurance company that is the issuer of the policy of insurance
described in section 3.3(A) above.

(H)          "Participant"
means a covered executive, retiree, or grandfathered retiree,
as the context requires.

(I)            "Retiree"

(1)           In
General

"Retiree"
has the meaning set out in the ExxonMobil Benefit Plans Common Provisions.

(2)           Transition
Severance Cases

(a)           Treatment
as Covered Annuitant

Solely for
purposes of this Plan, a person who is described in paragraph (b) below shall
be treated as if he or she were a retiree. 

(b)           Eligibility 

A person is
described in this paragraph (b) if the person

(i)            terminates
employment as a covered executive; 

(ii)           is
at least 50 years old by the end of the month in which the termination of
employment occurs;

(iii)          has
at least 10 years of benefit plan service (as defined in the ExxonMobil Benefit
Plans Common Provisions) at the time of the termination of employment; and

(iv)          upon
termination of employment receives a benefit under the Exxon Transition
Severance Plan.

(c)           Termination
of Provision

This paragraph
(2) shall not apply to any person who fails to meet the eligibility
requirements set out in paragraph (b) above on or before August 31, 2000.

(J)            "Suspended
retiree"

(1)           In
General

"Suspended
Retiree" means a person who becomes a retiree  by virtue of being
incapacitated within the meaning of the ExxonMobil Disability Plan and
commences long-term disability benefits under such Plan, but whose benefits
under such Plan thereafter cease by virtue of

(a)           the
person no longer being incapacitated, or

(b)           the
person's failure to report non-rehabilitative employment.

(2)           Period 

A person remains
a suspended retiree until the earlier of (1) the date the person attains
age 55, or (2) the date the person commences his or her benefit or receives a
lump-sum settlement under the ExxonMobil Pension Plan, at which time the person
is again considered a retiree. 

5EXHIBIT 10(iii)(f.2) 

 

 

Resolutions Adopted by the Board of Directors

Regarding Non-Employee Director Restricted Stock Grants

 

September 26, 2007

 

 

RESOLVED,
that, in accordance with Section VI of the Corporation's 2004 Non-Employee
Director Restricted Stock Plan (the "Plan"):

                (a) 
Each person who becomes a non-employee director for the first time after the
date of this resolution shall be automatically granted an award of eight
thousand (8,000) shares of restricted stock subject to the terms and conditions
specified in the Plan, effective as of the date such person becomes a
non-employee director; and

                (b) 
Commencing with the year 2008, each incumbent non-employee director shall be
automatically granted an award of two thousand five hundred (2,500) shares of
restricted stock subject to the terms and conditions specified in the Plan,
effective as of the first trading day of each year.

FURTHER
RESOLVED, that the foregoing resolution shall remain in effect until modified
or rescinded by further action of the Board of Directors.

FURTHER
RESOLVED, that the resolutions regarding grants under the Plan adopted by the
Board of Directors on July 28, 2004 be, and hereby are, revoked.

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