Sunoco 2013 Annual Report Download - page 126

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Sunoco, Inc. Pension Restoration Plan
The Pension Restoration Plan is a non-qualified plan that provides retirement benefits that would be provided under the
SCIRP, but are prohibited from being paid from the SCIRP by the Code limits. See the discussion regarding the SCIRP, above,
for the limits. Participants in the SCIRP whose annual compensation exceeds the applicable Code limits are eligible to
participate in the Pension Restoration Plan. The benefit paid by the Pension Restoration Plan is the excess of the total benefit
accrued under the SCIRP over the amount of benefit that the SCIRP is permitted to provide under the Code. All benefits under
the Pension Restoration Plan that are paid in a lump sum are calculated using the same actuarial factors applicable under the
SCIRP. Payment of benefits is made upon termination of employment, except that payment of amounts subject to Code
Section 409A is delayed until six months after separation from service for any specified employee as defined under Code
Section 409A. No additional benefits are being accrued after June 30, 2010 under the Pension Restoration Plan.
Pursuant to his Offer Letter agreement with ETP, in connection with the Merger, Mr. Hennigan waived any future rights
or benefits to which he otherwise would have been entitled under the SERP and the Pension Restoration Plan, in return for
which, the present value ($2,789,413) of such deferred compensation benefits was credited to the ETP Deferred Compensation
Plan for Former Sunoco Executives.