Document:

Exhibit 10.12

 

ORIGINAL FOR EXECUTION

APPROVED BY THE
VICE PRESIDENT HUMAN RESOURCES

EFFECTIVE JANUARY 1, 2005

 

CONOCOPHILLIPS

KEY EMPLOYEE SUPPLEMENTAL RETIREMENT PLAN

 

PURPOSE

 

The
purpose of the ConocoPhillips Key Employee Supplemental Retirement Plan (the “Plan”)
is to attract and retain key employees by providing them with supplemental
retirement benefits. This Plan is intended to be and shall be administered in part as
an unfunded pension excess benefit plan within the meaning of ERISA Sections
3(36) and in part as an unfunded pension benefit plan maintained primarily
for a select group of management or highly compensated employees.

 

PRE-AMERICAN JOBS CREATION ACT OF 2004

GRANDFATHERED PROVISIONS

 

Benefits
under this Plan, formerly called the Key Employee Supplemental Retirement Plan
of Phillips Petroleum Company (the “Phillips Plan”), that commenced prior to January 1,
2005 (“AJCA-grandfathered benefits”), shall be subject exclusively to the terms
and conditions of the Phillips Plan in effect on or before October 3, 2004.
No change in the ConocoPhillips Retirement Plan adopted subsequent to such date
and no change in the Phillips Plan or in the ConocoPhillips Key Employee
Supplemental Retirement Plan adopted after such date shall apply to an
AJCA-grandfathered benefit. Provided, however, for purposes of this paragraph,
benefits shall be deemed to have commenced prior to January 1, 2005 and
shall be AJCA-grandfathered benefits if the relevant corporate officer or
committee approved the Employee’s

 

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petition
regarding time and form of payment before January 1, 2005 even if the
benefits commenced after December 31, 2004. The “relevant corporate
officer or committee” means the person or persons with the authority under the
Phillips Plan to approve a petition regarding the time and form of
payment.

 

SECTION I.
Definitions

 

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

 

As
used in this Plan:

 

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

 

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

 

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

 

(d)           “Company” shall mean ConocoPhillips Company,
a Delaware corporation, or a successor corporation.

 

(e)           “ConocoPhillips” shall mean ConocoPhillips, a
Delaware corporation, or a successor corporation.

 

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

 

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

 

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

 

(i)            “Incentive Compensation Plan” shall mean the
Incentive Compensation Plan of Phillips

 

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Petroleum
Company, the Annual Incentive Compensation Plan of Phillips Petroleum Company, the
Variable Cash Incentive Program of ConocoPhillips or successor plans or
programs, or all, as the context may require.

 

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

 

(k)           “Participating Subsidiary” shall mean a
subsidiary of ConocoPhillips of which ConocoPhillips beneficially owns,
directly or indirectly, more than 80% of the aggregate voting power of all
outstanding classes and series of stock, where such subsidiary has adopted
one or more plans making participants eligible for participation in this Plan.

 

(l)            “Plan” shall mean the ConocoPhillips Key
Employee Supplemental Retirement Plan, the terms of which are stated in and by
this document.

 

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

 

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

 

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

 

(p)           “Retirement Plan” shall mean the ConocoPhillips
Retirement Plan, but not including Title III of such plan, which is qualified
under Code Section 401(a).

 

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

 

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

 

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(s)           “Separation from Service” shall have the
meaning given that term in Code section 409A and in regulatory guidance thereunder
except that the term shall not mean death.

 

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

 

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

 

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

 

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

 

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

 

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

 

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Earnings,
an Incentive Compensation Plan award (and any increases under the provisions of
Section II(b) cited above) shall be taken into consideration only if
the Employee to whom such award or increase applies, was at the time of the
award or increase, classified in a ConocoPhillips salary grade 19 or above job
or any equivalent salary grade of Phillips Petroleum Company.

 

(z)            “Trustee” means the trustee of the grantor
trust established by the Trust Agreement between the Company and Wachovia Bank,
N.A. dated as of June 1, 1998, or any successor trustee.

 

SECTION II.
Plan Accrued Benefit.

 

(a)         An Employee shall be entitled to payments
under this Plan based on an accrued benefit with the following components: (i) his
Title I-related accrued benefit, (ii) his Title II-related accrued Benefit
and (iii) his Title IV-related accrued benefit, each as defined below.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

(ii)           In the case of an Employee who terminated
employment on or after

 

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

 

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

 

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

 

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

 

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

 

(iii)          Include in Annual Earnings the initial value
of a restricted stock or restricted stock unit award under the Incentive
Compensation Plan. Include that value

 

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in
Annual Earnings in the calendar month and year in which the award was granted.

 

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

 

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

 

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

 

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

 

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

 

(ii)           Include in Compensation any Incentive
Compensation Plan award that would have been paid to the Employee but for the
fact that he voluntarily

 

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

 

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

 

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

 

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

 

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

 

(i)            If the annuity starting date for the relevant
Retirement Plan benefit occurs on or before the required commencement date
under this Plan, the Title I-related accrued benefit, the Title II-related
accrued benefit or the Title IV-related accrued benefit, as is applicable, shall
first be calculated as of the Retirement Plan annuity starting date related to
that component benefit and

 

9

 

then
shall be converted actuarially to a straight life annuity payable at age 65
applying actuarial assumptions that are consistent with the relevant Title of
the Retirement Plan. The component accrued benefit so calculated shall not be
increased or decreased based on subsequent events.

 

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

 

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

 

10

 

SECTION III.
DEATH BENEFIT

 

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

 

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

 

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

 

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

 

(iii)  The present value shall be paid in a lump sum
and shall be calculated using the

 

11

 

first
of the month after death as the annuity starting date and applying the rules described
in Section II(e) and (f) of this Plan for determining the amount
to be paid.

 

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

 

SECTION IV.
Special Provision for former ARCO Alaska Employees.

 

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

 

(a)           The payments which would have been received
under Article XXIV – ARCO Flight Crew of Title I of the Retirement Plan
for those who were classified as an Aviation Manager, Chief Pilot, Assistant
Chief Pilot, Captain or Reserve Captain as of July 31, 2000 if they had
been eligible for those benefits under Title I of the Retirement Plan, except
that if they receive a limited social security makeup benefit from Title I of the
Retirement Plan it will be offset from the benefit payable from the Plan.

 

(b)           A final ARCO Supplemental Executive
Retirement Plan (SERP) benefit will be calculated at the earlier of the time an
Employee who had an ARCO SERP benefit terminates

 

12

 

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

 

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

 

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

 

SECTION V.
Payment of Benefits.

 

(a)   Schedule A Employees

 

(i)    With respect to a Schedule A Employee,
the accrued benefit under this Plan shall be paid as a straight life annuity
for the life of the Schedule A Employee commencing in December, 2005, or
if later, six months after Separation from Service. The annuity starting date
for calculating the Title I-related and 

 

13

 

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

 

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

 

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

 

(bb)         Any Schedule A Employee may elect on
or before December 1, 2005, to cancel, in writing, participation in this
Plan in which case the Schedule A Employee shall receive the present value
of his entire accrued benefit under this Plan on or before December 31,
2005, and shall thereafter have no rights or benefits under this Plan. Provided,
however, if a Schedule A Employee is rehired and becomes employed by the
Employer after 2005, he may thereafter accrue a new benefit under this
Plan unrelated to the cancelled benefit.

 

14

 

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

 

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

 

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

 

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

 

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

 

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

 

15

 

than
November 1, 2006.

 

(ii)   Annuity Starting Date for calculating the
present value

 

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

 

(bb) Except as provided in the second sentence of
this subsection (bb), if the applicable commencement date is the Employee’s
Plan-age 55 or November 1, 2006, the annuity starting date used in
calculating the present value shall be the same as the commencement date. Provided,
however, in the case of an Employee whose Separation from Service is in 2006
and whose commencement date under this Plan is November 1, 2006, the
annuity starting date used in calculating the present value shall be the later
of: the Employee’s Plan-age 55 or the first day of the first calendar month
after the Employee’s Separation from Service; and the Plan shall pay simple interest
from the annuity starting date to 

 

16

 

November 1, 2006, at the 6 month T-Bill rate (as
determined by the Plan Administrator) in effect on the annuity starting date.

 

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

 

SECTION VI.
Method of Providing Benefits.

 

All
amounts payable under this Plan shall be paid solely from the general assets of
the Company and any rights accruing to an eligible Employee or beneficiary under
the Plan shall be those of a general creditor; provided, however, that the
Company may establish a grantor trust to satisfy part or all of its
Plan payment obligations so long as the Plan remains an unfunded excess benefit
plan and or an unfunded benefit plan for a select group of management or highly
compensated employees for purposes of Title I of ERISA.

 

SECTION VII.
Nonassignability.

 

The
right of an Employee, or beneficiary, or other person who becomes entitled to
receive payments under this Plan, shall not be assignable or subject to
garnishment, attachment or any other legal process by the creditors of, or
other claimants against, the Employee, beneficiary, or other such person.

 

SECTION VIII.
Administration.

 

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

 

17

 

such
other persons as may be designated..

 

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

 

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

 

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

 

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

 

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

 

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

 

18

 

Trustee
shall have absolute discretion in carrying out its responsibilities to make its
decision of an appeal, including the authority to interpret and construe the
terms hereunder, and all interpretations, findings of fact, and the decision of
the Trustee regarding the appeal shall be final, conclusive and binding on all
parties.

 

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

 

SECTION IX.
Employment Not Affected by Plan.

 

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

 

SECTION X.
Miscellaneous Provisions.

 

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

 

19

 

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

 

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

 

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

 

 

CONOCOPHILLIPS

 

 

	
  By:

  	
  /s/ Carin S. Knickel

  	
   

  	
  Dated:

  	
  December 20, 2005

  	
   

  
	
   

  	
  Carin S. Knickel

  	
   

  
	
   

  	
  Vice President, Human Resources

  	
   

  
							

 

20Exhibit
10.13.1

 

ORIGINAL FOR EXECUTION

APPROVED VP, HR DECEMBER 29,
2005

 

DEFINED CONTRIBUTION MAKE-UP PLAN

OF

CONOCOPHILLIPS

 

TITLE I

(Effective
for benefits earned and vested prior to

January 1,
2005)

 

The Defined Contribution
Make-Up Plan of ConocoPhillips is intended to provide certain specified
benefits to Highly Compensated Employees whose benefits under the
ConocoPhillips Savings Plan might otherwise be limited.  Title I of this Plan is effective with regard
to benefits earned and vested prior to January 1, 2005, while Title II of
this Plan is effective with regard to benefits earned or vested after December 31,
2004.  Other than earnings, gains, and
losses, no further benefits shall accrue under Title I of this Plan after December 31,
2004.

 

This Title I of the Plan
is intended (1) to be a “grandfathered” plan pursuant to Code section 409A,
as enacted as part of the American Jobs Creation Act of 2004, and official
guidance issued thereunder, and (2) to be “a plan which is unfunded and is
maintained by an employer primarily for the purpose of providing deferred
compensation for a select group of management or highly compensated employees”
within the meaning of sections 201(2), 301(a)(3), and 401(a)(1) of
ERISA.  Notwithstanding any other
provision of this Plan, this Plan shall be interpreted, operated, and
administered in a manner consistent with these intentions.

 

1

 

Section 1.  Definitions.

 

For purposes of the Plan,
the following terms, as used herein, shall have the meaning specified:

 

(a)           “Affiliated Company” shall mean ConocoPhillips and any
company or other legal entity that is controlled, either directly or
indirectly, by ConocoPhillips.

 

(b)           “Affiliated Group” shall mean ConocoPhillips and its subsidiaries
and affiliates in which it owns a 5% or more equity interest.

 

(c)           “Allocation Ratio” shall mean the ratio determined by
dividing (i) an amount equal to the total value of the unallocated shares
of Stock allocated to Stock Savings Feature participants and beneficiaries as
of a Stock Savings Feature Semiannual Allocation Date or Supplemental
Allocation Date (as defined in the CPSP) by (ii) an amount equal to the
total net Stock Savings Feature employee deposits used in the calculation of
the Stock Savings Feature Semiannual Allocation or Supplemental Allocation (as
defined in the CPSP).

 

(d)           “Beneficiary” shall mean a person or persons designated by a
Participant to receive, in the event of death, any unpaid portion of a
Participant’s Benefit from this Plan. 
Any Participant may designate one or more persons primarily or
contingently as beneficiaries in writing upon forms supplied by and delivered
to the Company, and may revoke such designations in writing.  If a Participant fails to properly designate a beneficiary, then the Benefits
will be paid in

 

2

 

the following order of
priority:

(i)            Surviving
spouse; then

(ii)           Surviving
children in equal shares; then

(iii)          To
the estate of the Participant.

 

(e)           “Benefit” shall mean an obligation of the Company to pay
amounts from this Plan.

 

(f)            “Board” shall mean the Board of Directors of the Company, as
it may be comprised from time to time.

 

(g)           “Code” shall mean the Internal Revenue Code of 1986, as
amended from time to time, or any successor statute.

 

(h)           “CPSP” shall mean the ConocoPhillips
Savings Plan.

 

(i)            “Committee” shall mean the Compensation Committee of the
Board of Directors of ConocoPhillips or any successor committee with
substantially the same responsibilities.

 

(j)            “Company” shall mean ConocoPhillips Company, a Delaware
corporation, or any successor corporation.

 

(k)           “Disability” shall mean the inability, in the opinion of the
Medical Director of ConocoPhillips, of a Participant, because of an injury or
sickness, to work at a reasonable occupation that is available with a member of
the Affiliated Group.

 

(l)            “Employee” shall mean any individual who is a salaried
employee of the Company or any Participating Subsidiary.

 

3

 

(m)          “Exchange Act” shall mean the Securities Exchange Act of
1934, as amended and in effect from time to time, or any successor statute.

 

(n)           “Highly Compensated Employee” shall mean an Employee whose
compensation exceeds the amount set forth in Code Section 401(a)(17), as
amended from time to time, or who is eligible to elect a voluntary salary
reduction under the provisions of the KEDCP.

 

(o)           “KEDCP” shall mean the Key Employee Deferred Compensation
Plan of ConocoPhillips or any similar or successor plan maintained by an
Affiliated Company.

 

(p)           “Layoff” or “Laid Off”
shall mean layoff under the Phillips Layoff Plan, the Work Force Stabilization
Plan of Phillips Petroleum Company, the Phillips Petroleum Company Executive
Severance Plan, the Conoco Severance Pay Plan, the Conoco Inc. Key Employee
Severance Plan, or any similar plan which the Company, any Participating
Subsidiary, or a member of the Affiliated Group may adopt from time to time
under the terms of which the Participant executes and does not revoke a general
release of liability, acceptable to the Company, Participating Subsidiary, or a
member of the Affiliated Group, as applicable, under such layoff plan.

 

(q)           “Other Obligations” shall mean the “Other
Obligations” as defined in the Amendment to and Merger of Amended and
Restated Conoco Inc. Salary Deferral & Savings Restoration Plan into
Key Employee Deferred Compensation Plan of ConocoPhillips and Defined
Contribution Make-Up Plan of ConocoPhillips, pursuant to which a portion of the
Amended

 

4

 

and
Restated Conoco Inc. Salary Deferral & Savings Restoration Plan is
merged into this Plan effective October 3, 2003.

 

(r)            “Participant” shall mean an Employee who is eligible to
receive a Benefit from this Plan as a result of being a Highly Compensated
Employee and any person for whom a Supplemental Thrift Feature Account and/or a
Supplemental Stock Savings Feature Account is maintained.

 

(s)           “Participating Subsidiary” shall mean a subsidiary of
ConocoPhillips, which has adopted the CPSP, and one or more Employees of which
are Participants eligible to make deposits to the CPSP, or are eligible for
Benefits pursuant to this Plan.

 

(t)            “Pay” shall mean “Pay” as defined in the CPSP except without regard to Pay
Limitations or voluntary Salary Reduction under provisions of the KEDCP.

 

(u)           “Pay Limitations” shall mean the compensation limitations
applicable to the CPSP that are set forth in Code section 401(a)(17), as
adjusted.

 

(v)           “Plan Administrator” shall mean the Manager, Compensation and
Benefits, of the Company, or his successor.

 

(w)          “Retirement” shall mean termination of employment with the
Company, a Participating Subsidiary, or a member of the Affiliated Group that
qualifies the Employee for Retirement as that term is defined in the applicable
provisions of the ConocoPhillips Retirement Plan, the Retirement Plan of

 

5

 

Conoco, or of the
applicable retirement plan of a member of the Affiliated Group.  Notwithstanding the foregoing, an Employee
will not be considered to be in Retirement for purposes of this Plan if he is
entering Retirement under the Retirement Plan of Conoco prior to age 55, unless
he had attained age 50 on or before August 30, 2002.

 

(x)            “Stock” shall mean shares of common stock, $0.01 par value,
issued by ConocoPhillips.

 

(y)           “Stock Savings Feature” shall mean the Stock Savings Feature of the CPSP.

 

(z)            “Supplemental Thrift
Contributions” shall mean, (i) prior to the month in which the
Participant’s Pay first exceeds the Pay Limitations in a year, the same
percentage of a Participant’s Pay that the Participant is depositing as a Basic
Deposit to the Thrift Feature for that month multiplied by the amount of the
Participant’s voluntary salary reduction under the KEDCP for that month, and (ii) provided
the Participant is making deposits to the Thrift Feature for the month in which
the Participant’s Pay exceeds the Pay Limitations and each month thereafter
until the end of the year, the same percentage of the Participant’s Pay that
the Participant was depositing as a Basic Deposit to the Thrift Feature for the
month in which he or she reached the Pay Limitations for the year, multiplied
by the sum of the amount of the Participant’s voluntary salary reduction under
the KEDCP for that month plus the amount of the Participant’s Pay for that
month that is in excess of the Pay Limitations for that year.

 

6

 

(aa)         “Supplemental Stock Savings Feature Account” shall mean the
Plan Benefit account of a Participant that reflects the portion of his or her
Benefit that is intended to replace certain Stock Savings Feature benefits to
which the Participant might otherwise be entitled but for the application of
the Pay Limitations and/or a voluntary salary reduction under the KEDCP.

 

(bb)         “Supplemental Stock
Savings Contributions” shall mean (i) prior to the month in
which the Participant’s Pay first exceeds the Pay Limitations in a year, for
each month that the Participant makes deposits to the Stock Savings Feature, 1%
of the amount of the Participant’s voluntary salary reduction under the KEDCP
for that month, and (ii) provided the Participant is making deposits to
the Stock Savings Feature in the month in which the Participant’s Pay exceeds
the Pay Limitations, for that month and for each month thereafter until the end
of the year, 1% of the sum of the amount of the Participant’s voluntary salary
reduction under the KEDCP for that month plus the amount of the Participant’s
Pay for that month that is in excess of the Pay Limitations for that year.

 

(cc)         “Supplemental Thrift Feature Account” shall mean the Plan
Benefit account of a Participant which reflects the portion of his or her
Benefit which is intended to replace certain Thrift Feature benefits to which
the Participant might otherwise be entitled but for the application of the Pay
Limitations and/or a voluntary salary reduction under the KEDCP.

 

(dd)         “Thrift Feature” shall mean the Thrift Feature of the CPSP.

 

7

 

(ee)         “Trustee” shall mean the trustee of the grantor trust
established by the Trust Agreement between the Company (known then as Phillips
Petroleum Company) and Wachovia Bank, N.A. dated as of June 1, 1998, or
any successor trustee.

 

(ff)           “Valuation Date” shall mean “Valuation Date” as defined in
the CPSP.

 

Section 2.  Purpose.

 

The purpose of this Plan
is to provide supplemental benefits for those Highly Compensated Employees
whose benefits under the CPSP are affected by Pay Limitations or by a voluntary
reduction in salary under provisions of KEDCP. 
This Plan is intended to be and shall be administered as an unfunded
benefit plan for those Highly Compensated Employees, who are considered to be a
select group of management or highly compensated employees.

 

Section 3.  Eligibility.

 

Benefits may only be
granted to Highly Compensated Employees.

 

Section 4.  Supplemental Thrift Feature Account Benefits.

 

For each payroll period
in which Company Contributions to a Participant’s account in the Thrift Feature
are, or would be, limited by the Pay Limitations and/or by a voluntary salary
reduction to the KEDCP, a Benefit amount shall be credited to his or her
Supplemental Thrift Feature Account no later than the end of the month
following the Valuation Date that Company

 

8

 

contributions are made to
the Participant’s Thrift Feature Account, or would be made to such account but
for Pay Limitations. The Participant will be credited with an amount equal to
the amount of his or her Supplemental Thrift Contributions each month to the
same investment funds and in the same proportions as the Participant has
directed his or her latest available investment allocation for Deposits to the
Thrift Feature.

 

Section 4.1  Supplemental Thrift Feature Account Earnings

 

The Supplemental Thrift
Feature Account shall be eligible to be invested in the same investment funds
as are made available to Participants in the Thrift Feature from time to
time.  While such investments shall
consist solely of book entries and shall not actually be invested in such
funds, the book entry share value of such deemed investment funds in this Plan
shall be determined to be the same share value as the actual value of shares in
the investment funds of the CPSP.  The
amounts deemed invested in this Plan shall be valued at the same time and in
the same manner as though they were actually invested in the CPSP.  Also, deemed investments in the Participant’s
Supplemental Thrift Feature Account may be exchanged into other available
investment funds in the same manner, at the same times, and subject to the same
limitations as though the deemed amounts were actually invested in the
CPSP.  However, to the extent that
earnings in the form of dividends on Company Stock in the CPSP are eligible to
be passed through to the Participant, such dividends will be deemed to have
been reinvested in the Company Stock Fund of this Plan, without regard to
whether the Participant has made a pass through election under the CPSP.

 

9

 

Section 5.  Supplemental Stock Savings Feature Account
Benefits.

 

For each month in which a
Semiannual Allocation or Supplemental Allocation (as defined in the CPSP) to a
Participant’s account in the Stock Savings Feature is, or would be, limited by
the Pay Limitations and/or by a voluntary salary reduction under the KEDCP, a
Benefit amount shall be credited to his or her Supplemental Stock Savings Feature
Account. The amount to be credited shall be calculated in shares in the
Leveraged Stock Fund of this Plan as though the Participant had made
Supplemental Stock Savings Contributions and shall be equal to (i) the
Participant’s Supplemental Stock Savings Contributions during the applicable
Allocation Period (as defined in the CPSP) multiplied by the applicable
Allocation Ratio, divided by (ii) the share value for the Leveraged Stock
Fund of the CPSP on the applicable Allocation Date.  This amount shall be credited no later than
the end of the month following the Valuation Date that the Semiannual
Allocation or Supplemental Allocation to the Leveraged Stock Fund would have
been made had the Participant received a Semiannual Allocation or Supplemental
Allocation under the Stock Savings Feature. 
A share in the Leveraged Stock Fund of the Supplemental Stock Savings
Feature Account shall have a value equivalent to a share in the Leveraged Stock
Fund of the CPSP.

 

Section 5.1  Supplemental Stock Savings Account Feature
Earnings

 

After being initially
invested in the Leveraged Stock Fund account, the amounts in the Participant’s
Supplemental Stock Savings Feature Account shall thereafter be eligible to be
invested in the same investment funds as are made available to Participants in
the CPSP from time to time.  While such

 

10

 

investments shall consist
solely of book entries and shall not actually be invested in such funds, the
book entry share value of such deemed investment funds in this Plan shall be
determined to be the same share value as the actual value of shares in the
investment funds of the CPSP.  The
amounts deemed invested in this Plan shall be valued at the same time and in
the same manner as though they were actually invested in the CPSP.  Also, deemed investments in the Participant’s
Supplemental Stock Savings Feature Account may be exchanged into other
available investment funds in the same manner, at the same times, and subject
to the same limitations as though the deemed amounts were actually invested in
the CPSP.  However, to the extent that
earnings in the form of dividends on Company Stock in the CPSP are eligible to
be passed through to the Participant, such dividends will be deemed to have
been reinvested in the Company Stock Fund of this Plan, without regard to
whether the Participant has made a pass through election under the CPSP.

 

Section 6.  Payment.

 

If a Participant
terminates employment with the Affiliated Group for any reason except death,
Disability, Layoff during or after the year in which the Participant reaches
age 50, or Retirement, Benefits which the Participant is eligible to receive
under this Plan shall be paid in one lump sum cash payment as soon as
practicable following his or her termination. 
If a Participant dies prior to Retirement, Benefits which the
Participant is eligible to receive under this Plan shall be paid in one lump
sum cash payment to the Participant’s Beneficiary as soon as practicable after
his or her death.  If a Participant
Retires, is Laid off during or after the year in which the Participant reaches
age 50, or becomes Disabled, Benefits which the

 

11

 

Participant is eligible
to receive under this Plan shall be paid in one lump sum cash payment as soon
as practicable following the Participant’s Retirement, Layoff, determination of
Disability, or termination of employment; provided that such a Participant may
indicate a preference to defer part or all of such lump sum cash payment under
the terms of the KEDCP.

 

All lump sum cash
payments shall be made only as of a Valuation Date and shall be net of
withholding for applicable taxes required by law.

 

The Chief Executive
Officer of ConocoPhillips, with respect to Participants who are not subject to section 16
of the Exchange Act, and the Committee, with respect to Participants who are
subject to section 16 of the Exchange Act, shall consider such indication
of preference and shall respectively decide in the Chief Executive Officer’s or
the Committee’s sole discretion whether to accept or reject the preference
expressed.  In the event the Chief
Executive Officer or the Committee, as applicable, accepts such Participant’s
preference, the Participant’s Benefit from this Plan shall be credited as an
Award under the KEDCP as soon as practicable after the Participant’s
Retirement, Layoff, or the date the Participant is determined to be Disabled.

 

Section 7.  Administration.

 

(a)           The
Plan shall be administered by the Plan Administrator. The Plan Administrator
may delegate to employees of the Company or any Affiliated Company the
authority to execute and deliver such instruments and documents, to do all such
acts and things, and to take such other steps deemed

 

12

 

necessary, advisable, or
convenient for the effective administration of the Plan in accordance with its
terms and purpose, except that the Plan Administrator may not delegate any
discretionary authority with respect to substantive decisions or functions
regarding the Plan or Benefits hereunder.

 

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

 

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

 

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

 

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

 

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

 

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

 

13

 

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

 

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

 

14

 

Section 8.  Rights of Employees and Participants.

 

Nothing contained in the
Plan (or in any other documents related to this Plan or to any Benefit) shall
confer upon any Employee or Participant any right to continue in the employ or
other service of the Company or any member of the Affiliated Group or
constitute any contract or limit in any way the right of the Company or any
member of the Affiliated Group to change such person’s compensation or other
benefits or to terminate the employment of such person with or without cause.

 

Section 9.  Awards in Foreign Countries.

 

The Board or its delegate
shall have the authority to adopt such modifications, procedures, and subplans
as may be necessary or desirable to comply with provisions of the laws of
foreign countries in which the Company or Participating Subsidiaries may
operate to assure the viability of the Benefits of Participants employed in
such countries and to meet the purpose of this Plan.

 

Section 10.  Amendment and Termination.

 

The Board reserves the
right to amend or terminate this Plan at any time, and to delegate such
authority as the Board deems necessary or desirable; provided that no member of
the Board who is also a Participant shall participate in any action which has
the actual or potential effect of increasing his or her Benefits hereunder; and
further provided, the Company shall remain liable for any Benefits accrued under
this Plan prior to the date of amendment or termination.

 

15

 

Section 11.  Unfunded Plan.

 

All amounts payable under
this Plan shall be paid solely from the general assets of the Company and any
rights accruing to a Participant under the Plan shall be those of a general
creditor; provided, however, that the Company or ConocoPhillips may establish
one or more grantor trusts to satisfy part or all of the Company’s Plan payment
obligations so long as the Plan remains unfunded for purposes of Title I of
ERISA.

 

Section 12.  Miscellaneous Provisions.

 

(a)           No
right or interest of a Participant under this Plan shall be assignable or
transferable, in whole or in part, directly or indirectly, by operation of law
or otherwise (excluding devolution upon death or mental incompetency), without
the prior consent of the Board.

 

(b)           This
Plan shall be restated and amended effective as of October 3, 2003.  Effective at that time, this Plan shall
assume the Other Obligations and any other obligations, claims, benefits,
rights, and duties as set forth in the Amendment
to and Merger of Amended and Restated Conoco Inc. Salary Deferral &
Savings Restoration Plan into Key Employee Deferred Compensation Plan of
ConocoPhillips and Defined Contribution Make-Up Plan of ConocoPhillips,
pursuant to which a portion of the Amended and Restated Conoco Inc. Salary
Deferral & Savings Restoration Plan is merged into this Plan effective
October 3, 2003.  Such Other
Obligations shall be deemed to be part of the Supplemental Thrift Benefit
Feature account of each affected Participant and

 

16

 

book
entries made in accordance with the investment directions for each affected
Participant at such time.

 

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

 

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

 

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

 

Executed this 29th
day of December 2005, effective as of January 1, 2005, with respect
to benefits earned and vested prior to January 1, 2005.

 

 

	
  /s/ Carin S. Knickel

  	
   

  
	
  Carin S. Knickel

  
	
  Vice President, Human
  Resources

  

 

17

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