Sunoco 2015 Annual Report Download - page 162

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PAGE 7
losses based on a Participant's investment elections shall begin to accrue one week after the Closing
Date.
Section 4.03 Vesting of Unit Distributions. Unit Distributions shall remain subject to a
substantial risk of forfeiture until the day after the second anniversary of the Closing Date. Upon
the day after the second anniversary of the Closing Date, the Unit Distributions shall be one hundred
percent (100%) vested.
ARTICLE V
BENEFITS AND DISTRIBUTIONS
Section 5.01 Time and Form of Payment. Payment of a Participant's Account shall
commence on the Benefit Commencement Date. The amount of such payment shall be determined
as of the most recent Account Valuation Date and shall be paid in a single lump sum payment.
Payments shall be made in cash.
Section 5.02 Delay for Specified Employees. Notwithstanding anything to the contrary
herein, with respect to any payment to be made or to commence upon a Participant's Separation
from Service (other than for death), if such distribution would be subject to additional taxes and
interest under Code Section 409A because the timing of the such payment is not delayed as provided
in Code Section 409A(a)(2)(B)(i) and the regulations thereunder, such payment(s) to the Participant
upon his Separation from Service (other than for death) shall not be made until the close of the 6-
month anniversary of such Separation from Service (or if earlier, upon the death of the Participant
prior to the close of such 6-month period). If the applicable Form of Payment is installment payments,
the installment payments shall commence on the Valuation Date coincident with or next succeeding
the close of the 6-month anniversary of the date of the Participant's Separation from Service. The
identification of "specified employees," if any, for purposes of this Section shall be made in
accordance with the general requirements of Code Section 409A(a)(2)(B)(i) pursuant to any method
elected by the Administrative Committee by written designation or, if no such designation is made,
under the default rules under such Code Section.
Section 5.03 Permitted Accelerated Payments. Notwithstanding anything to the contrary
in the Plan, the Administrative Committee may direct the accelerated payment of Plan benefits
under the following circumstances:
(a) Where a distribution, in a single lump sum payment, of such portion of the
Participant's Account, is necessary to pay (i) the Federal Insurance Contributions Act (FICA)
tax imposed under Code Sections 3101, 312l(a) and 3121(v)(2), where applicable, on
compensation deferred under the Plan (the "FICA Amount"), (ii) the income tax at source
on wages imposed under Code Section 3401, or the corresponding withholding provisions
of applicable state, local, or foreign tax laws as a result of the payment of the FICA Amount,
and/or (iii) the additional income tax at source on wages attributable to the pyramiding Code
Section 3401 wages and taxes; provided, however,