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EOG » Topics » Retirement and Supplemental Benefit Plans

This excerpt taken from the EOG DEF 14A filed Mar 30, 2006.

Retirement and Supplemental Benefit Plans

     The Company maintains a Savings Plan, that qualifies under Section 401(a) of the Internal Revenue Code, as amended, under which the Company currently matches 100% of employees’ pre-tax contributions up to 6% of annual base salary, subject to statutory limits. The Company also maintains a Money Purchase Pension Plan, that qualifies under Section 401(a) of the Internal Revenue Code, as amended, under which the Company contributes from 3% to 9% of an employee’s annual base salary and bonus, depending on the employee’s age and years of service with the Company, subject to statutory limits. The contribution percentage for each of the Named Officers is 9%. In addition, the Company may make contributions into the 1996 Deferral Plan in the event of a reduction in an employee’s benefits under the Savings Plan or Money Purchase Pension Plan due to either statutory and/or plan earnings limits or the employee’s deferral of salary into the 1996 Deferral Plan.

This excerpt taken from the EOG DEF 14A filed Mar 30, 2005.

Retirement and Supplemental Benefit Plans

The Company maintains a Savings Plan, that qualifies under Section 401(a) of the Internal Revenue Code, as amended, under which the Company currently matches 100% of employees’ pre-tax contributions up to 6% of annual base salary, subject to statutory limits. The Company also maintains a Money Purchase Pension Plan, that qualifies under Section 401(a) of the Internal Revenue Code, as amended, under which the Company contributes from 3% to 9% of an employee’s annual base salary and bonus, depending on the employee’s age and years of service with the Company, subject to statutory limits. The contribution percentage for each of the Named Officers is 9%. In addition, the Company may make contributions into the 1996 Deferral Plan in the event of a reduction in an employee’s benefits under the Savings Plan or Money Purchase Pension Plan due to either statutory and/or plan earnings limits or the em ployee’s deferral of salary into the 1996 Deferral Plan.

EXCERPTS ON THIS PAGE:

DEF 14A
Mar 30, 2006
DEF 14A
Mar 30, 2005

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