Sunoco 10-K 2008
Documents found in this filing:
PENSION RESTORATION PLAN
As Amended and Restated Effective November 1, 2007
Sunoco, Inc. (the Company) hereby amends and restates this Pension Restoration Plan effective January 1, 2005 for the purpose of providing to Participants (as hereinafter defined) retirement benefits which would otherwise be provided by either the Sunoco, Inc. Retirement Plan or the Puerto Rico Sun Oil Company Retirement Plan but for the restrictions on benefits payable under these plans by Sections 401(a)(17) and 415 of the Code. This Plan is intended to constitute an excess benefit plan within the meaning of Section 3(36) of the Employee Retirement Income Security Act of 1974, as amended, (ERISA) and an unfunded plan maintained primarily to provide deferred compensation for a select group of management or highly compensated employees within the meaning of Sections 201(2), 301(a)(3) and 401(a)(1) of ERISA.
The benefit determined under this Section 3.01(b) will be discounted to the date of commencement of benefits under the Plan using the same interest rate used in determining the Actuarial Equivalent lump sum under this Section 3.01(b).
OPTIONAL FORMS OF RETIREMENT INCOME
ADMINISTRATION OF THE PLAN