Exhibit 10.36
THIRD AMENDMENT TO THE
PREMCOR PENSION PLAN
WHEREAS, Premcor Inc. ("Company") previously established the Premcor
Pension Plan ("Plan"); and
WHEREAS, the Company reserved the right to amend the Plan in Section
12 thereof; and
WHEREAS, the Company desires to amend the Plan to grant past service
for certain acquired employees at the Memphis Refinery;
NOW, THEREFORE, Section 4A of the Plan is amended by adding the
following to the end thereof:
"With respect to an individual who (a) is a Business Employee as
defined in the Asset Purchase and Sales Agreement dated November 25, 2002,
executed between the Company and The Xxxxxxxx Company and (b) becomes an
Employee prior to January 1, 2004, for purposes of determining such Employee's
Years of Vesting Service, service with The Xxxxxxxx Company and its controlled
group members completed prior to such date shall count as service with the
Employer under the Plan."
IN WITNESS WHEREOF, the Company has caused this amendment to be
executed by a duly authorized officer this 28th day of February, 2003.
PREMCOR INC.
By: /s/ Xxxxx X. Xxxx
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Name: Xxxxx X. Xxxx
Title: Senior Vice President
