SEC Contract Filing

Filing Date: 2017-02-24

Document Content:
<DOCUMENT>
<TYPE>EX-10.30
<SEQUENCE>3
<FILENAME>mplx-20161231xex1030.htm
<DESCRIPTION>EXHIBIT 10.30
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
 <!-- Document created using Wdesk 1 -->
 <!-- Copyright 2017 Workiva -->
 <title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="s2AD212364EC50F5D587A5D46E74DE7C8"></a></div><div><div style="line-height:138%;padding-bottom:13px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10.30</font></div><div style="line-height:120%;padding-top:17px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">MPLX GP LLC AMENDED AND RESTATED NON-MANAGEMENT DIRECTOR COMPENSATION POLICY AND DIRECTOR EQUITY AWARD TERMS</font></div><div style="line-height:120%;padding-top:17px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Effective January 1, 2017</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#160;</font></div><div style="line-height:120%;padding-top:17px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Directors of MPLX GP LLC (the &#8220;Company&#8221;) who are not employed by the Company or one of its subsidiaries or affiliates (&#8220;Non-Management Directors&#8221;) shall receive compensation for their services on the Board of Directors of the Company (the &#8220;Board&#8221;) and related committees as set forth below.</font></div><div style="line-height:120%;padding-top:17px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The equity awards set forth herein will be made from the MPLX LP 2012 Incentive Compensation Plan or any successor plan designated by the Board (the &#8220;Plan&#8221;). This Policy shall apply to those awards made in denominations of common units and other similar awards granted to Non-Management Directors under the Plan.</font></div><div style="line-height:120%;padding-top:17px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The Plan and this Policy are intended to conform to the requirements of Section 409A of the Internal Revenue Code of 1986, as amended, and the Department of Treasury Regulations and other interpretive guidance issued thereunder (&#8220;Section 409A&#8221;), and, in all respects, shall be administered and construed in accordance with such requirements.</font></div><div style="line-height:120%;padding-top:17px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">This Policy will become effective upon the filing of a Form S-8 Registration Statement with the U.S. Securities and Exchange Commission to register common units of MPLX LP authorized to be issued under the Plan.</font></div><div style="line-height:120%;padding-top:17px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The Non-Management Director Compensation Package of the Company is as follows:</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:80%;"></td><td style="width:6%;"></td><td style="width:14%;"></td></tr><tr><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="3" style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:1px;padding-top:26px;text-align:center;padding-left:1px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">MPLX GP LLC</font></div><div style="padding-bottom:1px;padding-top:1px;text-align:center;padding-left:1px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Non-Management Director Compensation Package</font></div><div style="font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div></td></tr><tr><td style="ve