This excerpt taken from the MRO 10-K filed Feb 27, 2009.
Executive Tax, Estate, and Financial Planning ProgramSTYLE="margin-top:0px;margin-bottom:0px" ALIGN="center">Amended and Restated Effective January 1, 2009
Marathon Oil Corporation established the Marathon Oil
As used herein, the terms set forth below shall have
Corporation means Marathon Oil Corporation, a Delaware corporation, or any successor
Covered Service means a tax, financial planning, or estate planning service that is eligible for reimbursement by the
Dependent Child means an unmarried dependent child of the Executive Officer who is
subsidiary or affiliate of the Corporation, including Speedway SuperAmerica LLC, in compensation grade 19 and above or (iii) a Vice President and above if recommended by the Vice President of Human Resources of the Corporation and approved by
the President of the Corporation.
Retirement means termination on or after the time at which the Executive Officer is eligible
Separation from Service shall have the same meaning as set
Specified Employee shall have the meaning as set forth under Section 409A of the
All Executive Officers are eligible for the Program.
A. Benefits During Employment. The
FACE="Times New Roman" SIZE="2">B. Benefits Following Death or Retirement. In the event of the death or Retirement of an Executive Officer, the benefits available under the Program to the Executive Officer or, if applicable, his or her estate
C. Benefits Following Termination or Resignation. In the event an Executive Officer resigns or is terminated, the
within the controlled group and therefore no longer satisfies the definition of Executive Officer as set forth in Section II, he or she shall continue participation in the Program until December 31 of the calendar year following the year of
such transfer. In the event of the death, Retirement, termination, or resignation of the individual before December 31 of the calendar year following the year of such transfer, benefits shall be provided as set forth in Paragraphs B and C
above, as applicable.
Services eligible for reimbursement under the
A. Services must be provided for the purpose of providing tax
the business of providing such services to the public on a regular basis.
Requests for reimbursement must be
A. General Rule.
a Separation from Service, then any reimbursements under this Program shall be paid in a lump sum within the 90-day period following the first of the month following six months after the Separation from Service (other than a Separation from Service
on account of the death of Executive Officer). In the event of a Separation from Service of a Specified Employee on account of death, payment shall be made pursuant to Paragraph A above. STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">
All Program benefits will be subject