Transcription of Termination Allowance Plan - mympcbenefits.com
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Termination Allowance Plan - mympcbenefits.com
Termination Allowance PlanMarathon Petroleum Termination Allowance PlanEffective January 1, 2019 Termination Allowance PlanTable of ContentsI. Purpose ..1II. Eligible Employees ..1 III. Conditions for Termination Allowance ..2IV. Company Initiated Actions During Absence ..4V. Amount and Form of Termination Allowance ..5VI. Benefit plan Application ..7 VII. Payment of Allowance in Case of Incompetency ..8 VIII. Payment of Allowance in Case of Death ..8IX. Unclaimed Payments ..8X. Assignment of Allowance ..8XI. Participation by Associated Companies and Organizations ..8 XII. Funding of the plan ..8 XIII. Claim Procedure ..9 XIV. Claim Review Procedure ..10XV. Further Information ..10 XVI. Modification and Termination of plan ..11 XVII. Change in Control ..11 XVIII. Effective Date ..12 XIX. Your Rights Under Federal Law ..12 Addendum A Termination Allowance for Pilots ..14 Addendum B Severance Pay Formula for Covered Andeavor Employees ..15 Addendum C Special Severance Benefit Considerations.
1 T This document serves both as the plan instrument and the summary plan description (SPD) that the Company is required to provide to Plan participants.
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