Common use of Relationship to the Plan Clause in Contracts

Relationship to the Plan. This grant of Performance Units is subject to all of the terms, conditions and provisions of the Plan and administrative interpretations thereunder, if any, that have been adopted by the Board. Except as otherwise defined in this Award Agreement, capitalized terms shall have the same meanings given to them under the Plan. To the extent that any provision of this Award Agreement conflicts with the express terms of the Plan, the terms of the Plan shall control and, if necessary, the applicable provisions of this Award Agreement shall be hereby deemed amended so as to carry out the purpose and intent of the Plan. References to the Participant also include the heirs or other legal representatives of the Participant.

Appears in 20 contracts

Samples: 2012 Incentive Compensation Plan (Marathon Petroleum Corp), 2018 Incentive Compensation Plan Performance Unit Award Agreement (MPLX Lp), 2012 Incentive Compensation Plan (MPLX Lp)

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Relationship to the Plan. This grant of Performance Units is subject to all of the terms, conditions and provisions of the Plan and administrative interpretations thereunder, if any, that have been adopted by the BoardCommittee. Except as otherwise defined in this Award Agreement, capitalized terms shall have the same meanings given to them under the Plan. To the extent that any provision of this Award Agreement conflicts with the express terms of the Plan, the terms of the Plan shall control and, if necessary, the applicable provisions of this Award Agreement shall be hereby deemed amended so as to carry out the purpose and intent of the Plan. References to the Participant also include the heirs or other legal representatives of the Participant.

Appears in 8 contracts

Samples: Performance Unit Award Agreement (Marathon Petroleum Corp), Performance Unit Award Agreement (Marathon Petroleum Corp), Performance Unit Award Agreement (Marathon Petroleum Corp)

Relationship to the Plan. This grant of Performance Units is subject to all of the terms, conditions and provisions of the Plan and administrative interpretations thereunder, if any, that have been adopted by the BoardCommittee. Except as otherwise defined herein (including in Paragraph 14 of this Award Agreement), capitalized terms shall have the same meanings given ascribed to them under the Plan. To the extent that any provision of this Award Agreement conflicts with the express terms of the Plan, the terms of the Plan shall control and, if necessary, the applicable provisions of this Award Agreement shall be hereby deemed amended so as to carry out the purpose and intent of the Plan. References to the Participant also include the heirs or other legal representatives of the Participant.

Appears in 7 contracts

Samples: Performance Unit Award Agreement (Marathon Oil Corp), Performance Unit Award Agreement (Marathon Oil Corp), Performance Unit Award Agreement (Marathon Petroleum Corp)

Relationship to the Plan. This grant of Performance Share Units is subject to all of the terms, conditions and provisions of the Plan and administrative interpretations thereunder, if any, that have been adopted by the BoardCommittee. Except as otherwise defined in this Award Agreement, capitalized terms shall have the same meanings given to them under the Plan. To the extent that any provision of this Award Agreement conflicts with the express terms of the Plan, the terms of the Plan shall control and, if necessary, the applicable provisions of this Award Agreement shall be hereby deemed amended so as to carry out the purpose and intent of the Plan. References to the Participant also include the heirs or other legal representatives of the Participant.

Appears in 2 contracts

Samples: Performance Share Unit Award Agreement (Marathon Petroleum Corp), Performance Share Unit Award Agreement (Marathon Petroleum Corp)

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Relationship to the Plan. This grant of Performance Units is subject to all of the terms, conditions and provisions of the Plan and administrative interpretations thereunder, if any, that have been adopted by the BoardCommittee. Except as otherwise defined herein (including in Paragraph 13 of this Award Agreement), capitalized terms shall have the same meanings given ascribed to them under the Plan. To the extent that any provision of this Award Agreement conflicts with the express terms of the Plan, the terms of the Plan shall control and, if necessary, the applicable provisions of this Award Agreement shall be hereby deemed amended so as to carry out the purpose and intent of the Plan. References to the Participant also include the heirs or other legal representatives of the Participant.

Appears in 2 contracts

Samples: Incentive Compensation Plan (Marathon Oil Corp), Performance Unit Award Agreement (Marathon Oil Corp)

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