0001510295-25-000039 Sample Contracts
MPLX LP PHANTOM UNIT AWARD AGREEMENT SENIOR LEADERS (CEO, DESIGNATED POSITIONS & EXECUTIVE RESOURCES)Phantom Unit Award Agreement • May 6th, 2025 • Marathon Petroleum Corp • Petroleum refining
As evidenced by this Award Agreement and under the MPLX LP 2018 Incentive Compensation Plan, as amended (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 {Participant Name} (the “Participant”), an Employee and/or Officer of the Company, Partnership or an Affiliate, on {Grant Date} (the “Grant Date”), {Number of Awards Granted} Phantom Units (the “Award”), 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:
MARATHON PETROLEUM CORPORATION RESTRICTED STOCK UNIT AWARD AGREEMENT MICHAEL J. HENNIGAN (3-Year Pro Rata Vesting)Restricted Stock Unit Award Agreement • May 6th, 2025 • Marathon Petroleum Corp • Petroleum refining
As evidenced by this Award Agreement and under the Marathon Petroleum Corporation 2021 Incentive Compensation Plan (the “Plan”), Marathon Petroleum Corporation (the “Company”) has granted to {Participant Name} (the “Participant”), an employee of the Company or a Subsidiary, on {Grant Date} (the “Grant Date”), {Number of Awards Granted} Restricted Stock Units (the “Restricted Stock Unit Award” or “Award”). 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:
MARATHON PETROLEUM CORPORATION PERFORMANCE SHARE UNIT AWARD AGREEMENT MICHAEL J. HENNIGANPerformance Share Unit Award Agreement • May 6th, 2025 • Marathon Petroleum Corp • Petroleum refining
As evidenced by this Award Agreement and under the Marathon Petroleum Corporation 2021 Incentive Compensation Plan (the “Plan”), Marathon Petroleum Corporation (the “Company”) has granted to {Participant Name} (the “Participant”), an employee of the Company or a Subsidiary, on {Grant Date} (the “Grant Date”), {Number of Awards Granted} Performance Share Units (the “Performance Award” or “Award”), conditioned on both the Company’s TSR ranking and the Company’s FCF per share ranking relative to the applicable Peer Group for the Performance Period as established by the Compensation and Organization Development Committee of the Board of Directors of the Company (which is the “Committee” as defined in the Plan), and as set forth herein. This Performance Award is subject to the following terms and conditions:
THIRD AMENDMENT TO AIRCRAFT TIME SHARING AGREEMENTAircraft Time Sharing Agreement • May 6th, 2025 • Marathon Petroleum Corp • Petroleum refining
THIS THIRD AMENDMENT TO AIRCRAFT TIME SHARING AGREEMENT ("Amendment") is entered into this 10th day of January 2025, by and between Marathon Petroleum Company LP, a Delaware limited partnership (hereinafter "Operator"), and Maryann T. Mannen, an individual (hereinafter "Executive").
THIRD AMENDMENT TO AMENDED AND RESTATED AIRCRAFT TIME SHARING AGREEMENTAircraft Time Sharing Agreement • May 6th, 2025 • Marathon Petroleum Corp • Petroleum refining
THIS THIRD AMENDMENT TO AMENDED AND RESTATED AIRCRAFT TIME SHARING AGREEMENT ("Amendment") is entered into this 10th day of January 2025, by and between Marathon Petroleum Company LP, a Delaware limited partnership (hereinafter "Operator"), and Michael J. Hennigan, an individual (hereinafter "Executive").