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formula account balance at December 31, 2015. Mr. Lauterbach's benefit has been transferred to an insurance company for
management and payment at the applicable time.
Sunoco, Inc. Pension Restoration Plan
The Pension Restoration Plan is a nonqualified plan that provides retirement benefits that would have been provided
under the SCIRP, but were prohibited from being paid from the SCIRP by the Code limits. Participants in the SCIRP whose
annual compensation exceeded the applicable Code limits while the plan was still active were eligible to participate in the
Pension Restoration Plan. The benefit paid by the Pension Restoration Plan is the total benefit accrued under the SCIRP,
without regard to Code limits, less the amount of benefit that the SCIRP was permitted to provide under the Code.
All benefits under the Pension Restoration Plan are calculated using the same formulas applicable under the SCIRP. The
amounts presented in the table above are actuarial present values based on accrued annual benefits, using pay and benefit
service through June 30, 2010. The actual amount distributed as a lump sum will vary from the amount provided in the table
depending on the actual date of termination or retirement, which will determine the actual amount of indexing credited to the
account balance. 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, 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.