Sunoco 2012 Annual Report Download - page 136

certain NEOs had deferred amounts under the Savings Restoration Plan. The earnings received from
participation in this plan were the same as quarterly dividends earned on Sunoco common stock (in the case
of the Sunoco stock-related funds), and/or are based on the gains/losses of certain mutual funds, calculated
in the same manner and at the same rate of earnings as for all other employees invested in those same funds
in the SunCAP. Effective as of December 31, 2012, the Savings Restoration Plan was terminated, amounts
outstanding in participant accounts were liquidated, and the participating employees who were affected
received the cash value of their outstanding account balances, from Sunoco. Mr. Hennigan received
payment of his outstanding cash balance at December 31, 2012. The amount shown for Ms. Shea-Ballay
reflects her aggregate earnings in the Savings Restoration Plan for 2012. Her outstanding account balance of
$5,991 at December 31, 2012 will be paid, including earnings or losses through the payable date, in
February 2013.
(4) The table below shows the components of this column for 2012:
Name Year
Company
Contribution
Under
Defined
Contribution
Plan(a)
($)
Cost of
BasicLife
Insurance(b)
($)
Financial
Counseling(c)
($)
Perquisites
>$10,000
($)
Amounts Paid
in
Connection
with
Change of
Control, or
Termination of
Employment(d)
($)
Total
($)
M. J. Hennigan ......... 2012 61,088 990 — — 230,273 292,351
M. Salinas, Jr. .......... 2012 n/a n/a n/a n/a — n/a
K. Shea-Ballay ......... 2012 22,084 522 n/a — — 22,606
L. L. Elsenhans ......... 2012 n/a n/a n/a n/a — n/a
B. P. MacDonald ....... 2012 n/a n/a n/a n/a — n/a
M. J. Colavita .......... 2012 n/a n/a n/a n/a — n/a
(a) During 2012, our general partner was a participating employer in the SunCAP the Savings Restoration
Plan, which permitted participants to continue to receive matching contributions after exceeding
applicable Code limits allowed under the SunCAP.
(b) Basic life insurance coverage is provided to employees of our general partner, including the NEOs. The
coverage/premium amount is one times base salary, to a maximum coverage limit of one million
dollars. The monthly rate was $0.15 for each $1,000 of base salary from January 1, 2012 through
December 31, 2012.
(c) In 2006, the NEOs received perquisites including an allowance for financial counseling up to a
maximum of $2,500 per year. We value the financial counseling benefit on the amount actually used.
This annual financial counseling allowance was discontinued beginning on January 1, 2007, and any
unused portion of the 2006 allowance could not be carried forward. However, the NEOs were
permitted to continue to use amounts accrued prior to 2005, until such balances are depleted.
(d) This amount reflects the payout in cash of Mr. Hennigan’s outstanding account balance in the Savings
Restoration Plan at December 31, 2012.
(5) In connection with the consummation of the Merger, Mr.Hennigan accepted an offer letter from Energy
Transfer Partners, L.P., effective as of October 5, 2012, to continue in his current positions as the President
and Chief Executive Officer, and a director of our general partner (the “Offer Letter”). The terms of the
Offer Letter include the following:
• Base salary of $550,000, on an annualized basis;
• Target bonus opportunity at 100% of base salary;
• Retention of Mr. Hennigan’s right to certain benefits in the event of termination of employment or a
change in control of our general partner under the Sunoco Partners LLC Special Executive Severance
Plan (the “SESP”) for a period of two-years from the effective time of the Merger. The Offer Letter
amended and limited the events giving rise to a “Qualifying Termination” under the SESP;
134