Transcription of Change in Control Severance Benefits Plan
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Change in Control Severance Benefits Plan
Change in Control Severance Benefits PlanMarathon PetroleumChange in ControlSeverance Benefits PlanEffective January 1, 2016 Please note, the Marathon Petroleum Change In Control Severance Benefits plan ( plan ) is based on the occurrence of a Change in Control . In the event of a Change in Control , this plan would provide the availability of specific enhanced Severance Benefits for eligible terminations during the two-year period following the date of a Change in Control . The term Change in Control is defined in the Definitions section of this in Control Severance Benefits PlanTable of Contents1. Purpose of the plan ..12. Definitions ..13. Participation ..54. Disqualifying Events ..65. Cash Severance Benefit ..66. Other Benefits ..77. Limitation on Certain Excess Parachute Payments ..78. Confidential and Proprietary Business Information & Nonsolicitation Obligations ..79. Unemployment; Taxes.
Change in Control Severance Benefits Plan Marathon Petroleum Change in Control Severance Benefits Plan Effective January 1, 2016 Please note, the Marathon Petroleum Change In Control Severance Benefits Plan (“Plan”) is based on the
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