Document:

ExxonMobil Supplemental Savings Plan.

 Exhibit 10(iii)(c.1) 
  
 EXXONMOBIL SUPPLEMENTAL SAVINGS PLAN  
  
 (Including Key Employee Supplemental Savings Plan) 
  
 Edition of March 1, 2000 
  
 1. Purpose 
  
 The purpose of this Plan is to provide a payment of approximately equivalent value from the general assets of Exxon Mobil Corporation (“Corporation”) to a
person participating in the ExxonMobil Savings Plan (“Savings Plan”) who, because of the application of United States Internal Revenue Code (“Code”) sections 415 and 401(a)(17) is precluded from receiving employer contributions
to the person’s Savings Plan account to which the person would otherwise be entitled. 
  
 2. Benefits 
  

	2.1	Benefit Formula 

  
 As to any specific Savings Plan participant the total amount of payment under this Plan is an amount that is in general determined by notionally crediting
on a monthly basis the amount of employer contributions that cannot be made to the Savings Plan for that person as a result of application to that person of Code sections 415 and 401(a)(17); except that, for those persons who, as of December 31,
1993, are classified at level 36 and are age 50 and above, only notional employer contributions made after such date are taken into account. This amount is enhanced in each instance by the Citibank Prime Lending Rate as of the last business day of
each calendar quarter, and is then reduced, but not below zero, by the amount, if any, of the actuarial lump-sum value of the amount payable to the participant under the ExxonMobil Key Employee Additional Payments Plan that is not applied as an
offset against the 
  

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 participant’s benefit under the ExxonMobil Additional Payments Plan or the ExxonMobil Supplemental
Pension Plan. For this purpose, the actuarial lump-sum value shall be determined using the mortality and interest rate assumptions set out in the ExxonMobil Pension Accounts Instrument. 
  

	2.2	Calculation Methodology 

  
 The exact methodology used in determining such monthly credits and interest thereon will be established from time to time by the Plan Administrator.
General guidelines to be followed are 
  

	 	(A)	Required Participant Contributions 

  
 To the extent determined by those administering this Plan, a person is required to make regular employee contributions to the person’s Savings Plan
account up to the maximum permitted by the Code to receive credits under this Plan. 
  

	 	(B)	Discretionary Employee Contributions 

  
 Prior to July 1, 2002, a person may not enhance the amounts credited under this Plan by making discretionary employee contributions to the person’s
Savings Plan account. 
  

	 	(C)	Additional Contributions under Leveraged ESOP 

  
 No amount is credited under this Plan because of a person’s inability to obtain all or a portion of the enhanced portion of the employer match for
employer matches directed to a leveraged ESOP. 
  
 3. Payment of
Benefits 
  

	3.1	Form of Payment 

  

	 	(A)	In General 

  
 Payments under this Plan are normally in the form of a lump sum single payment but, in the sole discretion of the Corporation, may be made in 

  

 2 

 
any other form that is not greater than the actuarial equivalent of the single lump sum form of payment. 
  

	 	(B)	Actuarial Equivalence 

  
 For purposes of paragraph (A), actuarial equivalency is determined by the Plan Administrator using the factors used for comparable determinations under
the ExxonMobil Pension Plan. 
  

	3.2	Timing of Payment 

  

	 	(A)	Distribution upon Total Savings Plan Distribution 

  
 Except as provided in paragraphs (B)-(E) below, payments under this Plan shall occur as soon as practicable following the time of the participant’s
entire Savings Plan account is distributed in a final distribution. 
  

	 	(B)	Restrictions on K Account Distribution 

  
 If a participant’s entire Savings Plan account cannot be distributed on account of restrictions on the distribution of the K Account, payments under
this Plan shall occur at the same time as the participant’s entire Savings Plan account, other than the K Account, is distributed. 
  

	 	(C)	Small Accounts 

  
 If the total amount to be paid to a participant under this Plan and the ExxonMobil Key Employee Supplemental Savings Plan is in the aggregate $25,000 or
less, determined at the time of termination of employment from Exxon Mobil Corporation and its affiliates, payments under this Plan shall occur as soon as practicable after the participant terminates employment. 
  

	 	(D)	Infineum Employees 

  
 If a participant’s Savings Plan account is transferred to a savings plan sponsored by Infineum USA Inc. or any of its affiliates
(“Infineum”), payments under this Plan shall occur as soon as practicable after the participant terminates employment from Infineum. 
  

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	 	(E)	Divestitures 

  
 The Plan Administrator shall determine when distributions shall be made to former employees whose employment is terminated in connection with corporate
divestitures. Such determinations shall be made in accordance with management guidelines established in connection with such divestitures. 
  
 4. Beneficiaries 
  

	4.1	Designation of Beneficiaries 

  
 A person entitled to receive a payment under this Plan may name one or more designated beneficiaries to receive such payment in the event of the
person’s death. Beneficiary designations shall be made in accordance with such procedures as the Plan Administrator may establish. Spousal consent to any designation is not required. 
  

	4.2	Default Beneficiaries 

  

	 	(A)	In General 

  
 If no specific designation is in effect, the deceased’s beneficiary is the person or persons in the first of the following classes of successive
beneficiaries living at the time of death of the deceased: 
  

	 	(1)	spouse; 

  

	 	(2)	children who survive the participant or who die before the participant leaving children of their own who survive the participant; 

  

	 	(3)	parents; 

  

	 	(4)	brothers and sisters who survive the participant or who die before the participant leaving children of their own who survive the participant. 

  
 If there are no members of any class of such beneficiaries, payment is made
to the deceased’s executors or administrators. 
  

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	 	(B)	Allocation among Default Beneficiaries 

  
 If the same class of beneficiaries under paragraph (A) above contains two or more persons, they share equally, with further subdivision of such equal
shares as next provided. In class (2), where a child dies before the participant leaving children who survive the participant, such child’s share is subdivided equally among those children. In class (4), where a brother or sister dies before
the participant leaving children who survive the participant, such brother or sister’s share is subdivided equally among those children. 
  

	 	(C)	Definitions 

  
 For purposes of this Section 4.2, “child” means a person’s son or daughter by legitimate blood relationship or legal adoption;
“parent” means a person’s father or mother by legitimate blood relationship or legal adoption; “brother” or “sister” means another child of either or both of one’s parents. 
  
 5. Miscellaneous 
  

	5.1	Administration of Plan 

  
 The Plan Administrator shall be the Manager, Executive Programs, Human Resources Department, Exxon Mobil Corporation. The Plan Administrator shall have
the right and authority to conclusively interpret this Plan for all purposes, including the determination of any person’s eligibility for benefits hereunder. 
  

	5.2	Nature of Payments 

  
 Payments provided under this Plan are considered general obligations of the Corporation. 
  

	5.3	Assignment or Alienation 

  
 Except as provided in section 5.5 below, payments provided under this Plan may not be assigned or otherwise alienated or pledged. 
  

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	5.4	Amendment or Termination 

  
 The Corporation reserves the right to amend or terminate this plan, in whole or in part, including the right at any time to reduce or eliminate any
accrued benefits hereunder and to alter or amend the benefit formula set out herein. 
  

	5.5	Forfeiture of Benefits 

  
 No person shall be entitled to receive payments under this Plan and any payments received under this Plan shall be forfeited and returned if it is
determined by the Corporation in its sole discretion, acting through its chief executive or such person or committee as the chief executive may designate, that a person otherwise entitled to a payment under this Plan or who has commenced receiving
payments under this Plan: 
  

	 	(A)	engaged in gross misconduct harmful to the Corporation, 

  

	 	(B)	committed a criminal violation harmful to the Corporation, 

  

	 	(C)	had concealed actions described in paragraph (A) or (B) above which would have brought about termination from employment thereby making the person ineligible for benefits under this
Plan, 

  

	 	(D)	terminated employment prior to attaining age 65 without having received from the Corporation or its delegatee prior written approval for such termination, given in the sole
discretion of the Corporation or its delegatee and in the context of recognition that benefits under this Plan would not be forfeited upon such termination, or 

  

	 	(E)	had been terminated for cause. 

  

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 EXXONMOBIL KEY EMPLOYEE SUPPLEMENTAL SAVINGS PLAN 
  
 K1. Purpose 
  
 This Plan provides a payment from the general assets of Exxon Mobil Corporation
(“Corporation”) to a person who, as of December 31, 1993, 
  

	(A)	was classified at level 36 or above, 

  

	(B)	was age 50 or above, 

  

	(C)	was a participant in the Thrift Plan of Exxon Corporation (“Thrift Plan”), and 

  

	(D)	had been precluded from receiving employer contributions to the person’s account within the Thrift Plan to which the person would otherwise be entitled, because of the
application of United States Internal Revenue Code (“Code”) sections 415 and 401(a)(17). 

  
 This plan expresses the Corporation’s commitment to make such a payment at the time payment is made to the participant under the ExxonMobil Supplemental Savings
Plan, and sets forth the method for doing so. 
  
 K2.
Benefits 
  

	K2.1	Benefit Formula 

  
 As to a participant, the total amount of payment under this Plan shall be an amount that has been in general determined by notionally crediting on a
monthly basis the amount of employer contributions that could not have been made to the Thrift Plan account of that person as a result of application to that person of Code sections 415 and 401(a)(17) from the date the person otherwise would have
been an eligible participant in the Exxon Supplemental Thrift Plan until December 30, 1993. This amount shall be enhanced in each instance by the Citibank Prime Lending Rate as of the last business day of each calendar 

  

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quarter. A participant in this Plan shall have a non-forfeitable right to this amount credited as of December 31, 1993 plus all enhancements. 
  

	K2.2	Calculation Methodology 

  
 The exact methodology for such notional credits and interest thereon shall be determined by the Plan Administrator. 
  
 K3. Payment of Benefits 
  

	K3.1	Form of Payment 

  

	 	(A)	In General 

  
 Payments under this Plan are made normally in the form of a lump sum single payment but, in the sole discretion of the Corporation, may be made at any
time or times subsequent to entitlement and in any other form that is not greater than the actuarial equivalent of the single lump sum form of payment. 
  

	 	(B)	Actuarial Equivalence 

  
 For purposes of Paragraph (A), actuarial equivalency is determined by the Plan Administrator using the factors used for comparable determinations under
the ExxonMobil Pension Plan. 
  

	K3.2	Timing of Payment 

  
 Payment shall be made under this Plan at the same time as payment is made to the participant under the ExxonMobil Supplemental Savings Plan. 

 
 K4. Beneficiaries 
  

	K4.1	Designation of Beneficiaries 

  
 A person entitled to receive a payment under this Plan may name one or more designees to receive such payment in the event of the person’s death.
Beneficiary designations shall be made in accordance with such procedures as 

  

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the Plan Administrator may establish. Spousal consent to any designation is not required. 
  

	K4.2	Default Beneficiaries 

  

	 	(A)	In General 

  
 If no specific designation is in effect, the deceased’s beneficiary is the person or persons in the first of the following classes of successive
beneficiaries living at the time of death of the deceased: 
  

	 	(1)	spouse; 

  

	 	(2)	children who survive the participant or who die before the participant leaving children of their own who survive the participant; 

  

	 	(3)	parents; 

  

	 	(4)	brothers and sisters who survive the participant or who die before the participant leaving children of their own who survive the participant. 

  
  
 If there are no members of any class of such beneficiaries, payment is made to the deceased’s executors or administrators. 
  

	 	(B)	Allocation among Default Beneficiaries 

  
 If the same class of beneficiaries under paragraph (A) above contains two or more persons, they share equally, with further subdivision of such equal
shares as next provided. In class (2), where a child dies before the participant leaving children who survive the participant, such child’s share shall be subdivided equally among those children. In class (4), where a brother or sister dies
before the participant leaving children who survive the participant, such brother or sister’s share shall be subdivided equally among those children. 
  

	 	(C)	Definitions 

  
 For purposes of this Section K4.2, “child” means a person’s son or daughter by legitimate blood relationship or legal adoption;
“parent” means a person’s father or mother by legitimate blood relationship or 

  

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legal adoption; “brother” or “sister” means another child of either or both of one’s parents. 
  
 K5. Miscellaneous 
  

	K5.1	Administration of Plan 

  
 The Plan Administrator shall be the Manager, Executive Programs, Human Resources Department, ExxonMobil Corporation. The Plan Administrator shall have the
right and authority to conclusively interpret this Plan for all purposes, including the determination of any person’s eligibility for benefits hereunder. 
  

	K5.2	Nature of Payments 

  
 Payments provided under this Plan shall be considered general obligations of the Corporation. 
  

	K5.3	Assignment or Alienation 

  
 Payments provided under this Plan may not be assigned or otherwise alienated or pledged. 
  

	K5.4	Amendment or Termination 

  
 The Corporation may at any time amend or terminate this Plan, in whole or in part, so long as the amendment does not deprive any person of the
non-forfeitable right to benefits specifically granted in this Plan. 
  

 10ExxonMobil Supplemental Pension Plan.

 Exhibit 10(iii)(c.2) 
  
 EXXONMOBIL SUPPLEMENTAL PENSION PLAN  
  
 (Including Key Employee Supplemental Pension Plan) 
  
 Edition of March 1, 2000 
  
 1. Purpose 
  
 The purpose of this Plan is to provide payments of equivalent value from the general assets of Exxon Mobil Corporation (“Corporation”) to those participants in
the ExxonMobil Pension Plan (“Pension Plan”) who, because of the application of United States Internal Revenue Code (“Code”) sections 415 and 401(a)(17), are precluded from receiving from Pension Plan funded assets all the
payments to which they would otherwise be entitled under the Pension Plan’s formula. 
  
 2. Benefits 
  

	2.1	Benefit Formula 

  

	 	(A)	In General 

  
 Except as provided in paragraph (B) below with respect to former Mobil employees, as defined in the ExxonMobil Common Provisions, (“Former Mobil
Employees”), as to any Pension Plan participant eligible for payment under this Plan, the value of the payments under this Plan is an amount that when added to the normal form amount that can be paid to the participant from the Pension
Plan’s qualified funded assets, produces a sum equal to the total normal form amount to which the participant would be entitled computed under the Pension Plan formula applicable to that participant disregarding any reductions, restrictions, or
limitations brought about by the application of Code sections 415 and 401(a)(17), reduced, but not below zero, by the following amounts: 
  

 1 

	 	(1)	the amount, if any, payable to the participant under the ExxonMobil Key Employee Supplemental Pension Plan, and 

  

	 	(2)	the amount, if any, payable to the participant under the ExxonMobil Key Employee Additional Payments Plan that is not applied as an offset against the participant’s benefit
under the ExxonMobil Additional Payments Plan. 

  
 Where relevant, this computation is performed after taking into account any entitlement the participant may have under the Overseas Contributory Annuity Plan. 
  

	 	(B)	Benefit Formula for Former Mobil Employee 

  
 The payments under this Plan for Former Mobil Employees who retire with eligibility for Incentive Pension Benefits under the ExxonMobil Additional
Payments Plan shall be the amounts determined under paragraph (1) below and, if applicable, paragraph (2) below. 
  

	 	(1)	In General 

  
 The amount benefit determined under this paragraph (1) shall be the lesser of: 
  

	 	(a)	the amount of the person’s benefit otherwise determined under paragraph (A) above, or 

  

	 	(b)	the excess if any of the person’s Overall Benefit Objective as described in section 2.3(B) of the ExxonMobil Additional Payments Plan, over the sum of the person’s benefit
under the ExxonMobil Pension Plan (including any Pre-Social Security Benefit) and the person’s Incentive Pension Benefit and Nonqualified PSSP Benefit, if any, as determined under the ExxonMobil Additional Payments Plan.

  

	 	(2)	Nonqualified PSSP Benefits 

  
 The amount of a person’s benefit determined under this paragraph (2) shall be the amount, if any, of any Nonqualified PSSP Benefit determined for
such person under the terms of the ExxonMobil 

  

 2 

 
Additional Payments Plan. Such Nonqualified PSSP Benefit shall be paid in accordance with the rules applicable to the payment of the Pre-Social Security
Pension benefit under the ExxonMobil Pension Plan. 
  

	2.2	Offsets for Other Pension Benefits 

  
 A person’s benefit determined under section 2.1 shall be offset, but not below zero, by any benefit payable to the person under (A) an offsetting
pension that is not qualified under the terms of the U.S. Internal Revenue Code, (B) a separation payment offset, or (C) a non-U.S. governmental pension offset, as such terms are defined under the ExxonMobil Pension Plan. 
  

	2.3	Plan Administrator Discretion 

  
 The procedure for calculating the benefit for former Mobil employees under section 2.1 above, and for determining the application of the offsets for other
pension benefits under section 2.2 above, shall be determined in the sole and exclusive discretion of the Plan Administrator. 
  

	2.4	Benefits Payable On Account of Death 

  

	 	(A)	In General 

  
 In the event a portion of a pension death benefit or a “Career Annuity subject to deferred commencement that commences by reason of death” that
becomes payable under the terms of the Pension Plan on account of the death of a participant cannot be paid to a beneficiary because of the application of Code sections 415 and 401(a)(17), compensating payments of equivalent value are provided to
such beneficiary under this Plan, the exact nature and amounts of which shall be determined under a methodology established from time to time by the Plan Administrator. Specifically, the Plan Administrator may limit the amount of such payments to
reflect the benefit formula applicable to Former Mobil Employees set out in section 2.1(B) above. 
  

 3 

	 	(B)	Excluded Benefits 

  
 Neither the Qualified Joint and Survivor Annuity payment option, nor the Surviving Spouse Annuity benefit, as such are provided for under the Pension
Plan, are provided as benefits under this Plan. 
  
 3.
Beneficiaries 
  

	3.1	Designation of Beneficiaries 

  
 A person may name one or more designated beneficiaries to receive the benefits payable under this Plan under section 2.2 above in the event of the
person’s death. Beneficiary designations shall be made in accordance with such procedures as the Plan Administrator may establish. Spousal consent to any designation is not required. 
  

	3.2	Default Beneficiaries 

  

	 	(A)	In General 

  
 If no specific designation is in effect, the deceased’s beneficiary is the person or persons in the first of the following classes of successive
beneficiaries living at the time of death of the deceased: 
  

	 	(1)	spouse; 

  

	 	(2)	children who survive the participant or who die before the participant leaving children of their own who survive the participant; 

  

	 	(3)	parents; 

  

	 	(4)	brothers and sisters who survive the participant or who die before the participant leaving children of their own who survive the participant. 

  
 If there are no members of any class of such beneficiaries, payment is made
to the deceased’s executors or administrators. 
  

 4 

	 	(B)	Allocation among Default Beneficiaries 

  
 If the same class of beneficiaries under paragraph (A) above contains two or more persons, they share equally, with further subdivision of such equal
shares as next provided. In class (2), where a child dies before the participant leaving children who survive the participant, such child’s share is subdivided equally among those children. In class (4), where a brother or sister dies before
the participant leaving children who survive the participant, such brother or sister’s share is subdivided equally among those children. 
  

	 	(C)	Definitions 

  
 For purposes of this section 3.2, “child” means a person’s son or daughter by legitimate blood relationship or legal adoption;
“parent” means a person’s father or mother by legitimate blood relationship or legal adoption; “brother” or “sister” means another child of either or both of one’s parents. 
  
 4. Payment of Benefits 
  

	4.1	Commencement of Benefits 

  

	 	(A)	In General 

  
 Payments under this Plan occur at the same time as payments under the Pension Plan commence. 
  

	 	(B)	Reduction for Early Commencement 

  
 If payments under this Plan commence prior to the month in which the person reaches age 65, they are reduced by applying the early commencement factors
applicable to the person under the Pension Plan. For all actuarial purposes, this monthly amount paid as a five-year certain life annuity is deemed the normal form amount. 
  

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	4.2	Form of Payment 

  

	 	(A)	In General 

  
 Payments under this Plan other than payments to designated beneficiaries are made normally in the form of a five year certain life annuity, but, in the
sole discretion of the Corporation, may be made in any other form, including a joint and survivor form, that is not greater than the actuarial equivalent of the normal form amount. 
  

	 	(B)	Actuarial Equivalence 

  
 For purposes of paragraph (A), actuarial equivalency is determined by the Plan Administrator using the factors used for comparable determinations under
the Pension Plan. 
  
 5. Miscellaneous 
  

	5.1	Administration of Plan 

  
 The Plan Administrator shall be the Manager, Executive Programs, Human Resources Department, Exxon Mobil Corporation. The Plan Administrator shall have
the right and authority to conclusively interpret this Plan for all purposes, including the determination of any person’s eligibility for benefits hereunder. 
  

	5.2	Nature of Payments 

  
 Payments provided under this Plan are considered general obligations of the Corporation. 
  

	5.3	Assignment or Alienation 

  
 Except as provided in section 5.5 below, payments provided under this Plan may not be assigned or otherwise alienated or pledged. 
  

	5.4	Amendment or Termination 

  
 The Corporation reserves the right to amend or terminate this Plan, in whole or in part, including the right at any time to reduce or eliminate any
accrued benefits hereunder and to alter or amend the benefit formula set out herein. 
  

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	5.5	Forfeiture of Benefits 

  
 No person shall be entitled to receive payments under this Plan and any payments received under this Plan shall be forfeited and returned if it is
determined by the Corporation in its sole discretion, acting through its chief executive or such person or committee as the chief executive may designate, that a person otherwise entitled to a payment under this Plan or who has commenced receiving
payments under this Plan: 
  

	 	(A)	engaged in gross misconduct harmful to the Corporation, 

  

	 	(B)	committed a criminal violation harmful to the Corporation, 

  

	 	(C)	had concealed actions described in paragraph (A) or (B) above which would have brought about termination from employment thereby making the person ineligible for benefits under this
Plan, 

  

	 	(D)	terminated employment prior to attaining age 65 without having received from the Corporation or its delegatee prior written approval for such termination, given in the sole
discretion of the Corporation or its delegatee and in the context of recognition that benefits under this Plan would not be forfeited upon such termination, or 

  

	 	(E)	had been terminated for cause. 

  

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 EXXONMOBIL KEY EMPLOYEE SUPPLEMENTAL PENSION PLAN 
  
 K1. Purpose 
  
 This Plan provides payments from the general assets of Exxon Mobil Corporation
(“Corporation”) to those persons who, as of December 31, 1993, 
  

	(A)	were classified at level 36 or above, 

  

	(B)	were age 50 and above, and 

  

	(C)	were participants in the Annuity Plan of Exxon Corporation (“Annuity Plan”) and who, because of the application of United States Internal Revenue Code (“Code”)
sections 415 and 401(a)(17), would have been precluded from receiving from Annuity Plan funded assets all the payments to which they would otherwise be entitled under the Annuity Plan’s formula. 

  
 This Plan expresses the Corporation’s commitment to provide such equivalent payments and
sets forth the method for doing so. 
  
 K2. Benefits

  

	K2.1	Benefit Formula 

  
 As to any participant eligible for payment under this Plan, the value of such payments shall be an amount that when added to the normal form amount that
could have been paid to the participant from the Annuity Plan’s qualified funded assets, produces a sum equal to the total normal form amount to which the participant would have been entitled computed under the Annuity Plan formula applicable
to that participant as of December 31, 1993, disregarding any reductions, restrictions, or limitations brought about by Code sections 415 and 401(a)(17). Where relevant, all computations will take into account any entitlement the participant may
have under the Overseas Contributory Annuity Plan. A participant in this Plan shall have a non-forfeitable right to this amount. 
  

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	K2.2	Benefit Payable On Account of Death 

  

	 	(A)	Death Benefit 

  
 In the event a pension death benefit is payable under the terms of the ExxonMobil Pension Plan (“Pension Plan”) on account of the death of a
participant, a death benefit shall be payable under this Plan equal to the lump-sum value of the benefit that would have been payable under section K2.1 above to the participant if the participant had not died but had terminated employment and had
elected to commence his or her benefit as of the date of death. 
  

	 	(B)	Deferred Annuity Death Benefit 

  
 In the event a “Career Annuity subject to deferred commencement that commences by reason of death” is payable under the terms of the Pension
Plan on account of the death of a participant, a similar benefit shall be payable under this Plan based on the benefit that would have been payable under section K2.1 above to the participant if the participant had not died. 
  

	 	(C)	Calculation Methodology 

  
 The exact nature and amounts of any benefit payable under paragraph (A) or (B) shall be determined under a methodology established from time to time by
the Plan Administrator. 
  

	 	(D)	Excluded Benefits 

  
 Specifically excluded from coverage and entitlement under this Plan are: 
  

	 	(1)	the legally mandated Qualified Joint and Survivor Annuity, and 

  

	 	(2)	the right to elect a Surviving Spouse Annuity 

  
 as such are established for married participants in the Pension Plan. 
  

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 K3. Beneficiaries 
  

	K3.1	Designation of Beneficiaries 

  
 A person entitled to receive benefits under this Plan may name one or more designated beneficiaries to receive the benefits payable under this Plan under
section K2.2 above in the event of the person’s death in accordance with such procedures as the Plan Administrator may establish. Spousal consent to any designation in not required. 
  

	K3.2	Default Beneficiaries 

  

	 	(A)	In General 

  
 If no specific designation is in effect, the deceased’s beneficiary is the person or persons in the first of the following classes of successive
beneficiaries living at the time of death of the deceased: 
  

	 	(1)	spouse; 

  

	 	(2)	children who survive the participant or who die before the participant leaving children of their own who survive the participant; 

  

	 	(3)	parents; 

  

	 	(4)	brothers and sisters who survive the participant or who die before the participant leaving children of their own who survive the participant. 

  
 If there are no members of any class of such beneficiaries, payment is made
to the deceased’s executors or administrators. 
  

	 	(B)	Allocation among Default Beneficiaries 

  
 If the same class of beneficiaries under paragraph (A) above contains two or more persons, they share equally, with further subdivision of such equal
shares as next provided. In class (2), where a child dies before the participant leaving children who survive the participant, such child’s share shall be subdivided equally among those children. In class (4), where a brother or sister dies
before the participant leaving children who survive 

  

 10 

 
the participant, such brother or sister’s share shall be subdivided equally among those children. 
  

	 	(C)	Definitions 

  
 For purposes of this section K3.2, “child” means a person’s son or daughter by legitimate blood relationship or legal adoption;
“parent” means a person’s father or mother by legitimate blood relationship or legal adoption; “brother” or “sister” means another child of either or both of one’s parents. 
  
 K4. Payment of Benefits 
  

	K4.1	Commencement of Benefits 

  

	 	(A)	In General 

  
 Payments under this Plan occur at the same time as payments under the ExxonMobil Supplemental Pension Plan commence. 
  

	 	(B)	Reduction for Early Commencement 

  
 If payments under this Plan commence prior to the month in which the person reaches age 65, they are reduced by applying the early commencement factors
for retirees set forth in the Pension Plan for a normal maturity age of 65. For all actuarial purposes, this monthly amount paid as a five-year certain life annuity is deemed the normal form amount. 
  

	K4.2	Form of Payment 

  

	 	(A)	In General 

  
 Payments under this Plan other than payments to designated beneficiaries are made normally in the form of a five year certain life annuity, but, in the
sole discretion of the Corporation, may be made in any other form, including a joint and survivor form, that is not greater than the actuarial equivalent of the normal form amount. 
  

 11 

	 	(B)	Actuarial Equivalence 

  
 For purposes of paragraph (A), actuarial equivalency is determined by the Plan Administrator using the factors used for comparable determinations under
the Pension Plan. 
  
 K5. Miscellaneous 
  

	K5.1	Administration of Plan 

  
 The Plan Administrator shall be the Manager, Executive Programs, Human Resources Department, ExxonMobil Corporation. The Plan Administrator shall have the
right and authority to conclusively interpret this Plan for all purposes, including the determination of any person’s eligibility for benefits hereunder. 
  

	K5.2	Nature of Payments 

  
 Payments provided under this Plan shall be considered general obligations of the Corporation. 
  

	K5.3	Assignment or Alienation 

  
 Payments provided under this Plan may not be assigned or otherwise alienated or pledged. 
  

	K5.4	Amendment or Termination 

  
 The Corporation reserves the right to amend or terminate this Plan, in whole or in part, so long as the amendment does not deprive any person of the
non-forfeitable right to benefits specifically granted in this Plan. 
  

 12

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}]]