SEC Contract Filing

Filing Date: 2017-05-09

Document Content:
<DOCUMENT>
<TYPE>EX-10.02
<SEQUENCE>3
<FILENAME>ns1q1710-qex1002.htm
<DESCRIPTION>EXHIBIT 10.02
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<div><a name="s7FF114FE2857FEC16CBD642EBF95E22B"></a></div><div></div><div><br></div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Exhibit 10.02</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">AMENDMENT</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">TO THE</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">NUSTAR EXCESS THRIFT PLAN</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WHEREAS, </font><font style="font-family:inherit;font-size:12pt;">NuStar Services Company LLC (&#8220;NuStar&#8221;) sponsors and maintains the NuStar Excess Thrift Plan (the &#8220;Plan&#8221;) for the benefit of eligible Employees; and </font></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"></font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WHEREAS,</font><font style="font-family:inherit;font-size:12pt;">&#32;NuStar wishes to amend the Plan to permit the Employer to make special discretionary Employer contributions under the Plan to such Plan Participants and in such amounts as the Employer may determine from time to time in its sole and absolute discretion; and </font></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"></font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">WHEREAS,</font><font style="font-family:inherit;font-size:12pt;">&#32;NuStar has reserved the right to amend the Plan pursuant to Section 9.1 thereof.</font></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"></font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">NOW, THEREFORE, </font><font style="font-family:inherit;font-size:12pt;">the Plan is hereby amended, effective as of January 1, 2017, as follows:</font></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">1.&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Discretionary Employer Contributions</font><font style="font-family:inherit;font-size:12pt;">. The Plan is hereby amended by adding the following language as a new Section 6, and by renumbering the remaining sections of the Plan accordingly. As amended, the newly added Section 6 of the Plan shall be and read in full as follows:</font></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">SECTION 6. DISCRETIONARY EMPLOYER CONTRIBUTIONS.</font><font style="font-family:inherit;font-size:12pt;">&#32;</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;padding-left:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">In addition to the benefits provided for under the &#167;415(c) Benefit Plan Component and the &#167;417(a)(17) Benefit Plan Component described above, the Employer may make special Employer discretionary contribution credits from time to time to such Participants and in such amounts, as the Employer may, in its sole and absolute discretion, determine. Such Employer discretionary contribution credits, if any, shall be subject to such vesting and forfeiture provisions as the Employer may determine. Additionally, such Employer discretionary contribution credits, if any, shall be credited with earnings and/or losses pursuant to the provisions of Sections 7.2 and 7.3 hereof, and shall be paid in the form and at the time provided for under Section 7.5 hereof, subject to the 6-month delay provision of Section 7.6 hereof.&#8221;</font></div><div style="line-height:120%;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2.&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Defined Terms</font><font style="font-family:inherit;font-size:12pt;">. Unless otherwise defined herein, each of the capitalized terms used herein shall have the meaning given to such term in the Plan.</font></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div><br></div><div></div><hr style="page-break-after:always"><div></div><di