0000950134-08-003078 Sample Contracts

Holly Corporation Change in Control Agreement Policy February 19, 2008
Holly Energy Partners Lp • February 20th, 2008 • Pipe lines (no natural gas)

This Change in Control Agreement Policy reflects the terms and procedures as approved at the February 9, 2007, February 13, 2008 and February 19, 2008 meetings of the Board of Directors (“Board”) of Holly Corporation (“Holly”) based upon the recommendation of the Compensation Committee of the Board.

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Contract
Change in Control Agreement • February 20th, 2008 • Holly Energy Partners Lp • Pipe lines (no natural gas) • Texas

This CHANGE IN CONTROL AGREEMENT (the “Agreement”) is entered into effective as of ___, 200___ (the “Effective Date”), by and between HOLLY CORPORATION, a Delaware corporation (“Holly”) and _______ (the “Employee”).

CHANGE IN CONTROL AGREEMENT
Change in Control Agreement • February 20th, 2008 • Holly Energy Partners Lp • Pipe lines (no natural gas) • Texas

This CHANGE IN CONTROL AGREEMENT (the “Agreement”) is entered into effective as of ______, 200__ (the “Effective Date”), by and between HOLLY CORPORATION, a Delaware corporation (the “Company”) and ____________ (the “Employee”).

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