MPLX LP PHANTOM UNIT AWARD AGREEMENT MPC CEO, DESIGNATED POSITIONS, & EXECUTIVE RESOURCESPhantom Unit Award Agreement • February 26th, 2021 • Marathon Petroleum Corp • Petroleum refining
As evidenced by this Award Agreement and under the MPLX LP 2018 Incentive Compensation Plan (the “Plan”), MPLX GP LLC, a Delaware limited liability company (the “Company”), the general partner of MPLX LP, a Delaware limited partnership (the “Partnership”) has granted to [NAME] (the “Participant”), an officer of Marathon Petroleum Corporation, the parent corporation of the Company (“MPC”) in connection with benefits conferred on the Company and the Partnership for their service as an officer of MPC, on [DATE] (the “Grant Date”), [NUMBER] Phantom Units, with each Phantom Unit representing the right to receive a Unit of the Partnership, subject to the terms and conditions in the Plan and this Award Agreement. The number of Phantom Units awarded is subject to adjustment as provided in the Plan, and the Phantom Units hereby granted are also subject to the following terms and conditions:
AIRCRAFT TIME SHARING AGREEMENTAircraft Time Sharing Agreement • February 26th, 2021 • Marathon Petroleum Corp • Petroleum refining • Ohio
This AIRCRAFT TIME SHARING AGREEMENT (the “Agreement”) is entered into this 29th day of December, 2020, by and between MARATHON PETROLEUM Company LP, a Delaware limited partnership (the “Company”), and Michael J. Hennigan, an individual (the “Executive”), and shall be effective commencing on January 1, 2021 (the “Effective Date”).
MARATHON PETROLEUM CORPORATION PERFORMANCE SHARE UNIT AWARD AGREEMENT BROAD- BASED EMPLOYEES (Grades 19 and below)Performance Share Unit Award Agreement • February 26th, 2021 • Marathon Petroleum Corp • Petroleum refining
As evidenced by this Award Agreement and under the Amended and Restated Marathon Petroleum Corporation 2012 Incentive Compensation Plan (the “Plan”), Marathon Petroleum Corporation (the “Corporation”) has granted to [NAME] (the “Participant”), an employee of the Corporation or a Subsidiary, on [DATE] (the “Grant Date”), [NUMBER] performance share units (“Performance Share Units”), conditioned upon the Corporation’s TSR ranking relative to the Peer Group for the Performance Cycle as established by the Compensation and Organization Development Committee of the Board of Directors of the Corporation (which is the “Committee” as defined in the Plan), and as set forth herein. The Performance Share Units are subject to the following terms and conditions:
MARATHON PETROLEUM CORPORATION RESTRICTED STOCK UNIT AWARD AGREEMENT CEO, DESIGNATED POSITIONS, & EXECUTIVE RESOURCESRestricted Stock Unit Award Agreement • February 26th, 2021 • Marathon Petroleum Corp • Petroleum refining
As evidenced by this Award Agreement and under the Amended and Restated Marathon Petroleum Corporation 2012 Incentive Compensation Plan (the “Plan”), Marathon Petroleum Corporation (the “Corporation”) has granted to [NAME] (the “Participant”), an employee of the Corporation or a Subsidiary, on [DATE] (the “Grant Date”), [NUMBER] Restricted Stock Units. The number of Restricted Stock Units awarded is subject to adjustment as provided in the Plan, and the Restricted Stock Units are subject to the following terms and conditions:
7-Eleven, Inc.Purchase and Sale Agreement • February 26th, 2021 • Marathon Petroleum Corp • Petroleum refining
Marathon Petroleum Executive Deferred Compensation Plan Adoption Agreement (As Originally Effective January 1, 2021)Executive Deferred Compensation Plan • February 26th, 2021 • Marathon Petroleum Corp • Petroleum refining
(b)☐ amends and restates its existing plan as of _______________ which is the Amendment Effective Date. Except as otherwise provided in Appendix A, all amounts deferred under the Plan prior to the Amendment Effective Date shall be governed by the terms of the Plan as in effect on the day before the Amendment Effective Date.
MARATHON PETROLEUM CORPORATION RESTRICTED STOCK UNIT AWARD AGREEMENT BROAD- BASED EMPLOYEES (Grades 19 and below)Restricted Stock Unit Award Agreement • February 26th, 2021 • Marathon Petroleum Corp • Petroleum refining
As evidenced by this Award Agreement and under the Amended and Restated Marathon Petroleum Corporation 2012 Incentive Compensation Plan (the “Plan”), Marathon Petroleum Corporation (the “Corporation”) has granted to [NAME] (the “Participant”), an employee of the Corporation or a Subsidiary, on [DATE] (the “Grant Date”), [NUMBER] Restricted Stock Units. The number of Restricted Stock Units awarded is subject to adjustment as provided in the Plan, and the Restricted Stock Units are subject to the following terms and conditions:
