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PAGE 1
EXHIBIT 10.21
ENERGY TRANSFER PARTNERS DEFERRED COMPENSATION PLAN
FOR FORMER SUNOCO EXECUTIVES
ARTICLE I
PURPOSE AND EFFECTIVE DATE
The purpose of the Energy Transfer Partners Deferred Compensation Plan for Former Sunoco
Executives ("Plan") is to aid the Company and its Affiliates in retaining and attracting executive
employees by providing them with tax deferred savings opportunities. This Plan provides a select
group of management and highly compensated employees, within the meaning of ERISA Sections
201(2), 301(a)(3) and 401(a)(l), with deferred compensation benefits which result from service with
Sunoco, Inc. and to have these amounts treated as if invested in specified hypothetical investment
benchmarks. The Plan is intended to conform to the requirements of Code Section 409A. The Plan
shall be effective October 5, 2012.
ARTICLE II
DEFINITIONS
For the purposes of this Plan, the following words and phrases shall have the meanings indicated,
unless the context clearly indicates otherwise;
Section 2.01 Account. "Account" or "Accounts" means the fair market value of (i) Converted
Benefits and Earnings thereon, and (ii) Unit Distributions and Earnings thereon, each as established
under the terms of the Plan and reflected in the bookkeeping accounts maintained by the Employer
from time to time.
Section 2.02 Administrative Committee. "Administrative Committee" means the
committee appointed by the Board to administer the Plan.
Section 2.03 Affiliate. "Affiliate" means each trade or business (whether or not incorporated)
which together with the Company would be deemed to be a "single employer" within the meaning
of subsections (b) or (c) of Code Section 414, in each case determined by a 50% control test.