BP p.l.c. (BP) S-8 Registration of securities for employees

Exhibit 4.5

BP PARTNERSHIP SAVINGS PLAN

(Amended and Restated as of June 1, 2023)

BP PARTNERSHIP SAVINGS PLAN

BP Corporation North America Inc. (the “Company”) maintains the BP Partnership Savings Plan (the “Plan”) for the benefit of eligible employees of the Company and its participating affiliates. The Plan is intended to constitute a qualified profit sharing plan, as described in Section 401(a) of the Code, which includes a qualified cash or deferred arrangement, as described in Section 401(k) of the Code.

The Plan was amended and restated effective January 1, 2002. Such restatement constituted an amendment and restatement of the BP Amoco Partnership Savings Plan, and reflected the transfer of certain liabilities and assets (1) from the Amoco Employee Savings Plan (“AESP”) to the Plan and (2) from the Plan to the BP Amoco DirectSave Plan, on or after April 7, 2000.

The Plan was amended and restated as of January 1, 2008 to comply with the requirements of the Pension Protection Act of 2006.

The Plan is hereby amended and restated effective June 1, 2023, except as set forth herein, and applies to the Eligible Employees on and after that date, unless otherwise indicated.

ARTICLE I

DEFINITIONS

The following sections of this Article I provide basic definitions of terms used throughout the Plan, and whenever used herein in a capitalized form, except as otherwise expressly provided, the terms will be deemed to have the following meanings:

1.1 “Accounting Period” means a period, not to exceed 1 year in duration, designated by the Plan Administrator with respect to each Investment Option.

1.2 “Accounts” means the record of a Participant’s interest in the Plan’s assets represented by his:

(a) “After-Tax Account” which is composed of After-Tax Contributions allocated to the Participant under the Plan, plus all income and gains credited to, and minus all losses, expenses, and withdrawals charged to, such Account.

(b) “Before-Tax Account” which is composed of Before-Tax Contributions allocated to the Participant under the Plan, plus all income and gains credited to, and minus all losses, expenses, and withdrawals charged to, such Account.

(c) “Match Account” which is composed of Match Contributions allocated to the Participant under the Plan, plus all income and gains credited to, and minus all losses, expenses, and withdrawals charged to, such Account. There are two types of Match Accounts to which Match Contributions are allocated: a Heritage Amoco Match Account for Heritage Amoco Participants and a BP Match Account for all other Participants.

(d) “QMAC Account” which is composed of Qualified Matching Contributions allocated to the Participant under the Plan, plus all income and gains credited to, and minus all losses, expenses, and withdrawals charged to, such Account.

(e) “QNEC Account” which is composed of Qualified Nonelective Contributions allocated to the Participant under the Plan, plus all income and gains credited to, and minus all losses, expenses, and withdrawals charged to, such Account.

(f) “Rollover Account” which is composed of Rollover Contributions made by or allocated to the Participant under the Plan, plus all income and gains credited to, and minus all losses, expenses, and withdrawals charged to, such Account. There are three types of Rollover Accounts to which Rollover Contributions are allocated: an After-Tax Rollover Account for Rollover Contributions of amounts which are not includible in gross income, as described in Section 402(c)(2)(A) of the Code, a Roth 401(k) Rollover Account for Rollover Contributions of amounts described in Section 402A of the Code, and a Before-Tax Rollover Account for all other Rollover Contributions.

1

(g) “Roth 401(k) Account” which is composed of Roth 401(k) Contributions allocated to the Participant under the Plan, plus all income and gains credited to, and minus all losses, expenses, and withdrawals charged to, such Account.

(h) “Roth In-Plan Rollover Account” which is composed of Roth In-Plan Rollover Contributions allocated to the Participant, the Beneficiary who is the Participant’s Spouse, or the Alternate Payee who is the Participant’s Spouse under the Plan, plus all income and gains credited to, and minus all losses, expenses, and withdrawals charged to, such Account.

As the result of mergers of and transfers of liabilities and assets from other plans into this Plan, accounts held under such other plans have been allocated and posted to these Accounts in accordance with Appendix B.

With respect to an Alternate Payee or Beneficiary, references to Accounts will be deemed to be references to all or that portion of a Participant’s After-Tax Account, Before-Tax Account, Roth 401(k) Account, Match Account, Rollover Account, and Roth In-Plan Rollover Account which, under the terms of the Plan, has been allocated to an Account maintained for such Alternate Payee or Beneficiary, plus all income and gains credited to, and minus all losses, expenses, and withdrawals charged to, such Account. References herein to Accounts will also be deemed to include each of a Participant’s Accounts and references herein to an Account will be deemed to include any or each of the Participant’s Accounts.

1.3 “Accrued Benefit” means the shares, units, or other Trust Fund assets allocated and posted to Accounts as of the Valuation Time in accordance with the terms of this Plan, including any applicable administrative services agreement.

1.4 “Active Participant” means a Participant who: (i) is an Employee; or (ii) for periods prior to January 1, 2002, and solely with respect to his Before-Tax Account (unless the context clearly requires otherwise), is a former Employee who has not incurred a separation from service under Section 401(k) of the Code for which a distribution of his Before-Tax Account may be made.

1.5 “AESP” means the Amoco Employee Savings Plan in effect on the date prior to April 7, 2000.

1.6 “Alternate Payee” means an individual who is entitled to all or a portion of a Participant’s Account pursuant to a QDRO.

2

1.7 “American Depositary Share” means a security issued to allow easier holding and trading of interests in foreign corporations in the United States.

1.8 “Appeals Administrator” means, for purposes of the appeal of all Claims, the Plan Administrator, unless the Plan Administrator designates another individual for this purpose, in which case such other person will be the Appeals Administrator for this purpose.

1.9 “Appendix” means a written supplement attached to this Plan and made a part hereof.

1.10 “Appointing Officer” means the Company officer who has the authority to: (i) appoint and remove a Named Fiduciary with respect to the Plan or Trust, including the Plan Administrator and members of the Investment Committee, and (ii) designate a role or entity as a Named Fiduciary. The President, BP Corporation North America Inc. serves as Appointing Officer. If no individual is serving in such role, or no such role exists, the most senior ranking officer of the Company will serve as Appointing Officer.

1.11 “Authorized Absence” means an absence from active employment, with or without Compensation, authorized or recognized by a Commonly Controlled Entity under its standard personnel practices applicable to the Employee, including any period of time during which such person is considered to be on a leave of absence while covered by a disability plan of his Employer. The date that an Employee’s Authorized Absence ends will be determined in accordance with the personnel policies of such Commonly Controlled Entity, which ending date will be no earlier than the date that the Authorized Absence is scheduled to end, unless the Employee communicates to such Commonly Controlled Entity that he is to have a Severance from Service as of an earlier date or such Commonly Controlled Entity causes the Employee to have a Severance from Service as of an earlier date.

1.12 “Beneficiary” means one person, more than one person, or a trust or legal entity entitled to receive any benefits payable on the death of a Participant in accordance with Sections 12.3 and 12.5. Beneficiaries shall be designated on such forms or in such manner as determined by the Plan Administrator.

1.13 “Board of Directors” means the board of directors of the Company as constituted from time to time.

1.14 “BP America CAP” means the BP America Capital Accumulation Plan in effect on the date prior to April 7, 2000.

1.15 “Break in Service” means the period following a Severance from Service and preceding a Reemployment Date.

3

1.16 “Business Day” means any day on which the New York Stock Exchange and the Trustee are open for business.

1.17 “Claim” means a written request submitted by a Claimant (as defined in Section 14.2(a)(3)) under the Plan’s formal claims and appeal procedures (as described in Section 14.2) for a benefit under the Plan, for eligibility to participate in the Plan, to enforce rights under the terms of the Plan, to clarify rights to current or future benefits under the Plan, or with respect to other issues impacting benefits under the Plan. An inquiry or request for further research submitted to the Plan’s record keeper or a Company employee, outside of the Plan’s formal claims and appeals procedures, does not constitute a Claim.

1.18 “Claims Administrator” means the individual designated by the Plan Administrator for purposes of the initial review of any Claim.

1.19 “Code” means the Internal Revenue Code of 1986, as amended. References to any specific Section will include any valid regulation promulgated thereunder, and any statutory provision amending, supplementing, or superseding such Section.

1.20 “Commonly Administered Plan” means a qualified plan described in Section 401(a) of the Code which: (i) is sponsored or maintained by a Commonly Controlled Entity; (ii) has the same recordkeeper as this Plan; and (iii) is a defined contribution plan.

1.21 “Commonly Controlled Entity” means: (i) an Employer and any corporation, trade, or business, but only for so long as it and the Employer are members of a controlled group of corporations as defined in Section 414(b) of the Code or under common control as defined in Section 414(c) of the Code; provided, however, that solely for purposes of the limitations of Section 415 of the Code, the standard of control under Sections 414(b) and 414(c) of the Code will be deemed to be “more than 50%” rather than “at least 80%”; (ii) an Employer and an organization, but only for so long as it and the Employer are members of an affiliated service group as defined in Section 414(m) of the Code; (iii) an Employer and an organization, but only for so long as the employees of it and the Employer are required to be aggregated under Section 414(o) of the Code; or (iv) any other organization designated as such by a Designated Officer. An entity will not be considered a Commonly Controlled Entity before it becomes a Commonly Controlled Entity pursuant to the preceding sentence.

1.22 “Company” means BP Corporation North America Inc., an Indiana corporation, or any successor corporation by merger, consolidation, purchase, or otherwise, which elects to adopt the Plan. Notwithstanding the foregoing, in the context of any Plan provision where Company refers to the issuer of Company Stock, “Company” will mean BP p.l.c., or any successor thereto.

4

1.23 “Company Stock” means ordinary shares of BP p.l.c. in the form of American Depositary Shares.

1.24 “Company Stock Fund” means the BP Stock Fund Investment Option. The Company Stock Fund is an Investment Option that the Plan Sponsor, in its settlor capacity, expressly intends to be an ongoing, fundamental feature of the Plan’s design that provides Participants with the opportunity to invest in Company Stock.

1.25 “Compensation” means, for purposes of Article III:

(a) except to the extent otherwise provided in subsection (b) below, “Compensation” means amounts that are paid directly by an Employer for personal services and that:

(1) are paid to an Eligible Employee (except to the extent otherwise provided in subsection (a)(2)(F), below); and

(2) fall in one of the following categories:

(A) basic salary or wages, including forms of base pay delivered in alternative forms such as piecework, payment by mileage for drivers, overtime, and shift and rate differentials;

(B) pay in lieu of vacation;

(C) commissions;

(D) bonus payments made under an annual incentive plan at the business unit or stream level (other than bonus payments made prior to the time that payments are made to similarly situated active Employees of the business unit or stream in connection with the Employee’s termination of employment);

(E) lump-sum performance awards awarded in connection with annual salary administration;

(F) amounts that: (i) are contributed, at the election of an Eligible Employee, on behalf of the Eligible Employee to a cafeteria plan or a cash or deferred arrangement and not included in the Eligible Employee’s gross income for federal income tax purposes by reason of Sections 125, 132(f), or 402(e)(3) of the Code and (ii) would, were it not for the Eligible Employee’s election, (I) meet the requirement imposed by subsection (a)(1) above, and (II) fall in one of the categories listed in subparagraphs (A) through (E) or (G) of this subsection (a)(2); or

5

(G) performance-based bonus payments made monthly, quarterly, or annually under retail operations incentive programs; and

(3) do not fall in any of the following categories:

(A) sign-on, retention, or ratification payments;

(B) severance or separation payments;

(C) spot awards, reward and recognition payments, or any other comparable payments;

(D) remuneration received attributable to moving or educational expenses;

(E) expense allowances, or premium pay based on an Employee’s worksite;

(F) tax reimbursements;

(G) payments made pursuant to an employment contract, compensation program, or bonus plan under which such payments are not intended to be Compensation hereunder;

(H) payments in excess of amounts paid pursuant to subsection (a)(2)(A), above, made to compensate an Employee for having to work during all or part of the 60-day period following notice in connection with a severance or separation program;

(I) stock awards;

(J) long-term incentive payments;

(K) share appreciation right or stock-option grant or exercise;

(L) deferred compensation;

(M) bonus payments under an annual incentive plan or under a retail operations incentive program that are paid to the individual at the time the individual is not an Eligible Employee; and

(N) any other remuneration not described in subparagraphs (A) through (G) of subsection (a)(2) above.

6

(b) For purposes of the definition of “Compensation” hereunder:

(1) prior to January 1, 2016, except with respect to items of “Compensation” referred to in subsections (a)(2)(B) and (b)(3) hereof, no amount will be considered “Compensation” hereunder if: (i) it is payable after an individual’s Severance from Service, or (ii) if it is actually paid later than 30 days following an individual’s Severance from Service even if such amount would have been considered “Compensation” if it were paid while the individual was an Eligible Employee;

effective as of January 1, 2016, except with respect to items of “Compensation” referred to in subsection (b)(3) hereof, no amount will be considered “Compensation” hereunder if it is actually paid later than 60 days following an individual’s Severance from Service even if such amount would have been considered “Compensation” if it were paid while the individual was an Eligible Employee;

(2) an amount that should have been paid in a manner that met the requirements imposed by this Section (as modified by subsection (b)(1) above), but that was mistakenly paid in a different manner, will be treated as meeting the requirements imposed by this Section;

(3) all amounts paid in settlement (including, but not limited to, amounts paid for front and back pay and emotional distress) to an Eligible Employee will be excluded from the definition of “Compensation” hereunder unless otherwise ordered pursuant to the final decision of the presiding court, arbitrator, or administrative agency after all available appeals have been exhausted;

(4) if the Employer makes any differential wage payment (as defined in Code Section 3401(h)(2)) to an Employee, such differential wage payment shall be treated as Compensation;

(5) if it is not entirely clear whether an item of remuneration meets the requirements of subsection (a)(2) or (a)(3) above, the Plan Administrator, in his sole discretion, will determine whether the item meets the requirements of such subsection (a)(2) or (a)(3) above; and

(6) “Compensation” shall exclude (i) amounts paid under any Integrated Supply & Trading (“IST”), or its successor organization, trader and originator bonus plan(s) or bonus plans in other business units which have employees in similar roles, including charterers and freight traders, as identified by the Plan Administrator in his sole discretion, in excess of $50,000 for any given Plan Year; and (ii) amounts paid under any IST non-trader/non-originator bonus plan(s), as identified by the Plan Administrator in his sole discretion, in excess of $150,000 for any given Plan Year.

7

(c) In addition to other applicable limitations that may be set forth in the Plan, and notwithstanding any other contrary provision of the Plan, annual Compensation taken into account under the Plan for the purpose of calculating the Contributions to the Plan by or in respect of a Participant for any Plan Year will not exceed $200,000 (the applicable compensation limit under Section 401(a)(17) of the Code), as adjusted for cost-of-living increases in accordance with Section 401(a)(17)(B) of the Code.

(d) Notwithstanding anything to the contrary, with respect to amounts paid after the Employee’s severance from employment with the Company, cash or deferred elections can only be made with respect to amounts that are compensation within the meaning of Section 415(c)(3) of the Code and Treasury Regulation Section 1.415(c)-2.

1.26 “Contractor Firm” means a person or entity which is not a Commonly Controlled Entity.

1.27 “Contribution” means an amount contributed to the Plan on behalf of a Participant, in one or more of the following types:

(a) “After-Tax” which means an amount contributed by the Employee on an after-tax basis in conjunction with a Contribution Election, as described in Section 3.4.

(b) “Before-Tax” which means an amount contributed by the Employer on a before-tax basis under Section 402(g) or 414(v) of the Code in conjunction with either (i) a Contribution Election, as described in Sections 3.1 and 4.9 or (ii) an Eligible Automatic Contribution Arrangement, as described in Section 3.2.

(c) “Match” which means an amount contributed by the Employer based upon the amount contributed by the Participant, as described in Section 3.5.

(d) “Qualified Matching Contribution” or “QMAC” which means an amount contributed by the Employer as described in Section 3.7.

(e) “Qualified Nonelective Contribution” or “QNEC” which means an amount contributed by the Employer as described in Section 3.7.

(f) “Rollover” which means an amount contributed by or on behalf of a Participant that constitutes all or part of an “eligible rollover distribution” (within the meaning of Section 402(f)(2)(A) of the Code), as described in Section 3.6, and which satisfies the requirements of Section 402(c)(2) and/or Section 402A(c)(3) of the Code, to the extent applicable.

8

(g) “Roth 401(k)” which means an amount contributed by the Employer as a Roth contribution under Section 402A of the Code in conjunction with a Contribution Election, as described in Sections 3.3 and 4.9.

(h) “Roth In-Plan Rollover” which means an amount contributed by or on behalf of a Participant as described in Section 3.8, and which satisfies the requirements of Section 402A(c)(4) of the Code.

1.28 “Contribution Dollar Limit” means the annual limit imposed on each Participant pursuant to Section 402(g) of the Code (as indexed pursuant to Section 402(g)(4) of the Code, provided that no such adjustment will be taken into account hereunder before the Plan Year in which it becomes effective), determined without regard to catch-up contributions under Section 414(v) of the Code.

1.29 “Contribution Election” or “Election” means the election made by an Active Participant who is an Eligible Employee to reduce the Compensation to be paid to him by an amount equal to the product of his Contribution Percentage and such Compensation subject to the Contribution Election. Subject to Section 3.1(b), such Contribution Election will specify the portion of the Contribution that is a Before-Tax Contribution, the portion that is a Roth 401(k) Contribution, and the portion that is an After-Tax Contribution.

1.30 “Contribution Percentage” means the percentage of an Eligible Employee’s Compensation which is to be contributed to the Plan by his Employer as a Contribution, or where the context requires, as a Before-Tax Contribution, a Roth 401(k) Contribution, or an After-Tax Contribution.

1.31 “Covered Employee” is an Eligible Employee whose Employment Date in the United States or Reemployment Date in the United States is on or after January 1, 2011 and who does not have an affirmative Contribution Election in effect but who is not described in Section 2.9; provided, however, the Plan Administrator may specify that certain classifications or groups of Eligible Employees are not Covered Employees. In addition, any Eligible Employee who does not have an affirmative Contribution Election greater than zero percent (0%) in effect as of June 30, 2016, regardless of the Eligible Employee’s Employment Date or Reemployment Date, shall be treated as a Covered Employee effective January 1, 2017; any Eligible Employee who does not have an affirmative Contribution Election greater than zero percent (0%) in effect as of June 30, 2019, regardless of the Eligible Employee’s Employment Date or Reemployment Date, shall be treated as a Covered Employee effective January 1, 2020.

9

1.32 “Designated Officer” means any officer of the Company to whom (but only to the extent specifically provided) authority to act on behalf of the Company in respect of the Plan and Trust has specifically been granted by the Board of Directors.

1.33 “Direct Rollover” means a payment by the Plan to an Eligible Retirement Plan specified by a Distributee.

1.34 “Disability” or “Disabled” means the Participant is disabled for purposes of the Employer’s long-term disability plan or, if the Participant is not eligible for the Employer’s long-term disability plan, the Plan Administrator, in its sole discretion, shall determine whether such Participant is disabled. In making such determination, the Plan Administrator shall use the definitions and criteria established and set forth in the Employer’s long-term disability plan and, if consistent with such criteria, may require such medical proof as it deems necessary, including the certificate of one or more licensed physicians selected by the Plan Administrator; the decision of the Plan Administrator as to disability shall be binding.

1.35 “Distributee” means a Participant, a Participant’s surviving Spouse, or a non-spouse Beneficiary; or, and only with regard to the interest of an Alternate Payee, a Participant’s Spouse, or a former Spouse who is the Alternate Payee.

1.36 “Effective Date” means June 1, 2023, the date upon which the provisions of this amended and restated document take effect.

1.37 “Eligible Automatic Contribution Arrangement” or “EACA” is an automatic contribution arrangement that satisfies the uniformity requirement in Section 3.2(c) and the requirements of Code Section 414(w)(3). For this purpose, an “automatic contribution arrangement” is an arrangement under which, in the absence of an affirmative Contribution Election by a Covered Employee, a specified percentage of Compensation will be withheld from the Covered Employee’s Compensation and contributed to the Plan as a Before-Tax Contribution.

1.38 “Eligible Employee” means an Employee of an Employer whose Compensation is paid in U.S. currency and who is an Employee employed in the Global Business Services (“GBS”) Americas (formerly known as the Americas Business Service Center (“ABSC”) after March 31, 2010 and before August 1, 2021.

An Eligible Employee does not include:

(a) an Employee who is represented by a union unless the union and the Employer have entered into a collective bargaining or other agreement that provides that the Employee may participate in the Plan;

10

(b) an Employee who is a “nonresident alien” (within the meaning of Section 7701(b)(1)(B) of the Code) and who receives no “earned income” (within the meaning of Section 911(d)(2) of the Code) from the Employer that constitutes income from sources within the United States (within the meaning of Section 861(a)(3) of the Code);

(c) an individual employed pursuant to an agreement providing that the individual is not eligible to participate in the Plan;

(d) an individual who is not contemporaneously classified as an Employee for purposes of the Employer’s payroll system. In the event any such individual is reclassified as an Employee for any purpose, including, without limitation, as a common law or statutory employee, by any action of any third party, including, without limitation, any government agency, or as a result of any private lawsuit, action, or administrative proceeding, such individual will, notwithstanding such reclassification, remain ineligible for participation hereunder and will not be considered an Eligible Employee. In addition to and not in derogation of the foregoing, the exclusive means for an individual who is not contemporaneously classified as an Employee of the Employer on the Employer’s payroll system to become eligible to participate in this Plan is through an amendment to this Plan which specifically renders such individual eligible for participation hereunder;

(e) an Employee whose basic compensation for services on behalf of an Employer is not paid directly by an Employer;

(f) an at-site Employee who is associated with Employer-operated (direct operations) retail locations; an Employee who is designated as Retail Store Support and Store Management (RSSM) or Retail Store Non-Management (RSNM); or an employee designated as a headquarters store support employee;

(g) an Employee who is making contributions to or receiving an employer contribution under any other tax-qualified defined contribution pension plan that is sponsored by any Commonly Controlled Entity and that provides for before-tax or after-tax contributions;

(h) an Employee who is a resident of Puerto Rico and who is subject to the income tax laws of Puerto Rico;

(i) an Employee covered by a classification which is scheduled in Appendix B, to the extent provided therein; or

(j) an individual employed in the BPX Energy business unit (formerly known as the Lower 48 business unit).

11

1.39 “Eligible Retirement Plan” means an individual retirement account described in Section 408(a) of the Code, an individual retirement annuity described in Section 408(b) of the Code, an annuity plan described in Section 403(a) of the Code, an eligible deferred compensation plan described in Section 457(b) of the Code which is maintained by an eligible employer described in Section 457(e)(1)(A) of the Code (but only if such employer agrees to separately account for amounts transferred into such plan from the Plan), an annuity contract described in Section 403(b) of the Code, or a qualified trust described in Section 401(a) of the Code which accepts a Distributee’s Eligible Rollover Distribution. This definition of “Eligible Retirement Plan” will also apply in the case of a distribution to a surviving Spouse, or to a Spouse or former Spouse who is the Alternate Payee under a QDRO. Notwithstanding the foregoing, an “Eligible Retirement Plan” with respect to a non-spouse Beneficiary is (i) an individual retirement account described in Section 408(a) of the Code or (ii) an individual retirement annuity described in Section 408(b) of the Code.

1.40 “Eligible Rollover Distribution” means any distribution of all or any portion of the balance to the credit of a Distributee, except that an Eligible Rollover Distribution does not include any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or life expectancy) of the Distributee or the joint lives (or joint life expectancies) of the Distributee and the Distributee’s designated Beneficiary, or for a specified period of 10 years or more; any distribution to the extent such distribution is required under Section 401(a)(9) of the Code; or any “hardship withdrawal,” whether described in Section 401(k)(2)(B) of the Code and the regulations promulgated thereunder or otherwise, including hardship withdrawals described in Section 9.4. The portion of a distribution which consists of after-tax contributions which are not includible in gross income may be transferred only in a trustee-to-trustee transfer and may be transferred only to an individual retirement account or annuity described in Section 408(a) or (b) of the Code, or to a qualified plan described in Section 401(a) or 403(a) of the Code or to an annuity contract described in Section 403(b) of the Code that agrees to separately account for amounts so transferred, including separately accounting for the portion of such distribution which is includible in gross income and the portion of such distribution which is not so includible. A direct rollover of a distribution from a Roth 401(k) Account under the Plan will only be made to another Roth 401(k) account under an applicable retirement plan described in Section 402A(e)(1) of the Code or to a Roth IRA described in Section 408A of the Code, and only to the extent the rollover is permitted under the rules of Section 402(c) of the Code.

1.41 “Employee” means any person who either: (i) renders services as a common law employee to a Commonly Controlled Entity and is on the payroll of such Commonly Controlled Entity; or (ii) is on an Authorized Absence from employment with a Commonly Controlled Entity. Notwithstanding the foregoing, the term “Employee” does not include any individual retained by a Commonly Controlled Entity directly or through an agency or other party to perform services for a Commonly Controlled Entity (for either a definite or indefinite duration) in the capacity of a fee-for-service worker or independent contractor or any similar capacity including, without limitation, any such individual employed by temporary help firms, technical help firms, staffing firms, employee leasing firms, professional employer organizations, or other staffing firms, whether or not deemed to be “common law” employees or “leased employees” within the meaning of Section 414(n) of the Code.

12

1.42 “Employer” means the Company and any Commonly Controlled Entity that adopts the Plan in accordance with Article XV, as listed in Appendix A; provided, that an entity will cease to be an Employer when it ceases to be a Commonly Controlled Entity or it withdraws from the Plan.

1.43 “Employment Date” means the day an Employee first earns an Hour of Service.

1.44 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended. Reference to any specific Section includes any valid regulation promulgated thereunder, and any statutory provision amending, supplementing, or superseding such Section.

1.45 “Exchange Election” means an election by a Participant to change the investment of all or some specified portion of such Participant’s Accounts, as described in Section 6.2. Rules applicable to Exchange Elections may be established by the Plan Administrator. Such rules may, among other things, limit the Investment Options that may be elected by the Participant and establish the time and manner in which such an election may be made.

1.46 “Heritage Amoco Participant” means: (i) a participant with an account balance in AESP on the day prior to April 7, 2000; (ii) an Eligible Employee on the payroll of the Plan Sponsor or a participating employer in AESP on the day prior to April 7, 2000; or (iii) a rehired former participant in AESP who either (I) is credited with at least 2 years of Service under AESP prior to April 7, 2000, or (II) who as of his rehire date has not incurred a Break in Service of 7 consecutive years.

1.47 “Heritage BP Participant” means a participant or former participant in BP America CAP prior to April 7, 2000.

1.48 “Highly Compensated Eligible Employee” or “HCE” means an Eligible Employee who is a “highly compensated employee” within the meaning of Section 414(q) of the Code (determined as if the election described in Section 414(q)(1)(B)(ii) of the Code has not been made), the provisions of which are incorporated herein by reference.

1.49 “Hour of Service” means an hour for which an Employee is paid or entitled to be paid, with respect to the performance of duties for any Commonly Controlled Entity either as regular wages, salary, or commissions or pursuant to an award or agreement requiring a Commonly Controlled Entity to pay back wages. The crediting of an Hour of Service will be made in accordance with Department of Labor Regulation Section 2530.200b-2 and 3.

1.50 “Inactive Participant” means a Participant who is not an Active Participant.

13

1.51 “Investment Committee” means the BP Corporation North America Inc. Investment Committee, the members of which are designated by the Appointing Officer, to serve as the Named Fiduciary with respect to Plan investment-related responsibilities (1) delegated to the Investment Committee by the Board of Directors, as reflected in the Investment Committee’s By-Laws; (2) set out under the Plan and Trust; or (3) specified by the Appointing Officer, as applicable. These responsibilities include, but are not limited to:

(a) the authority to control and manage the operation and administration of the Trust with respect to investment-related matters;

(b) the exercise of discretionary authority or discretionary control with respect to Plan or Trust investment-related matters, or the exercise of any authority or control respecting management or disposition of any assets of the Trust, within the meaning of Section 3(21)(A)(i) of ERISA;

(c) the authority to allocate fiduciary responsibilities among its members or other Named Fiduciaries;

(d) the authority to designate persons other than Named Fiduciaries to carry out fiduciary responsibilities under the Plan;

(e) the discretion to designate and remove one or more Investment Managers, as described in Section 402(c)(3) of ERISA, including an Investment Manager for the Company Stock Fund; or

(f) the discretion to appoint or remove a trustee under the Trust.

Notwithstanding the foregoing, the Company Stock Fund is an Investment Option that the Plan Sponsor, in its settlor capacity, expressly intends to be an ongoing, fundamental feature of the Plan’s design that provides Participants with the opportunity to invest in Company Stock; and the Investment Committee may remove the Company Stock Fund as an Investment Option only to the extent it determines that continuing to offer the Company Stock Fund would breach the Investment Committee’s fiduciary duties under ERISA.

In the event that more than one individual or entity is appointed as the Investment Committee, then each such individual or entity shall have the respective duties designated to such individual or entity by the Board of Directors, under the Plan or Trust or by the Appointing Officer. The Investment Committee is a “named fiduciary,” within the meaning of ERISA, including, without limitation, Sections 402, 403 or 405 thereof. In the event that there is no functioning Investment Committee, the Appointing Officer will serve as the Investment Committee.

14

1.52 “Investment Election” means an election by which a Participant directs the investment of his Contributions or amounts allocated to his Account, as described in Section 6.1. Rules applicable to Investment Elections may be established by the Plan Administrator. Such rules may, among other things, limit the Investment Options that may be elected by the Participant and establish the time and manner in which such an election may be made.

1.53 “Investment Option” means each of the Investment Options available under the Plan, as determined by the Investment Committee; provided, however, that the Company Stock Fund is an Investment Option that the Plan Sponsor, in its settlor capacity, expressly intends to be an ongoing, fundamental feature of the Plan’s design that provides Participants with the opportunity to invest in Company Stock.

1.54 “Member” means a Participant, Alternate Payee, or Beneficiary.

1.55 “Named Fiduciary” means the Plan Administrator or the Investment Committee, as the context requires.

1.56 “Non-Highly Compensated Employee” or “NHCE” means an Eligible Employee who is not an HCE.

1.57 “Normal Retirement Date” means the date on which a Participant attains age 65.

1.58 “Participant” means an individual who is participating in the Plan after completing the Plan’s requirements for participation, but only for so long as such individual is considered a Participant in accordance with Section 2.4. For purposes of a Roth In-Plan Rollover Account or Contribution, “Participant” shall also mean a Beneficiary who is a Participant’s Spouse or an Alternate Payee who is a Participant’s Spouse but shall not mean a non-spouse Beneficiary or a non-spouse Alternate Payee.

1.59 “Payment Date” means the date on or after the Settlement Date on which an individual’s Accrued Benefit is withdrawn (or commences to be withdrawn), which date will be at least the minimum number of days required by law, if any, after the date the individual has received such notice as is required by law, if any, before a withdrawal can be made (or commenced to be made) as determined by the Plan Administrator.

1.60 “Plan” means the BP Partnership Savings Plan, as set forth herein and as hereafter may be amended.

1.61 “Plan Administrator” means the individual appointed by the Appointing Officer to serve as Named Fiduciary with respect to Plan administrative responsibilities delegated to such individual under the Plan or Trust or by the Appointing Officer, as applicable, including, but not limited to:

(a) the authority to control and manage the operation and administration of the Plan or Trust, within the meaning of Section 402(a)(1) of ERISA;

15

(b) the discretionary authority or discretionary responsibility in the administration of the Plan or Trust, within the meaning of Section 3(21)(A)(ii) of ERISA;

(c) the exercise of discretionary authority or discretionary control respecting management of the Plan or Trust or the exercise of any authority or control respecting management or disposition of any assets of the Plan or Trust, within the meaning of Section 3(21)(A)(i) of ERISA; or

(d) the authority and discretion to designate and remove participant-level service providers, including a managed account provider, solely in which capacity the Plan Administrator will have the authority to control and manage the assets of the plans and the authority to appoint one or more Investment Managers, as described in Section 402(c)(3) of ERISA.

(e) In the event that more than one individual or entity is appointed as Plan Administrator, then each such individual or entity shall have the respective duties designated under the Plan and Trust or by the Appointing Officer. A Plan Administrator is a “named fiduciary” within the meaning of ERISA, including, without limitation, Sections 402, 403, or 405 thereof. In the event that there is no functioning Plan Administrator, the Appointing Officer will serve as the Plan Administrator.

1.62 “Plan Sponsor” means BP Corporation North America Inc.

1.63 “Plan Year” means each calendar year.

1.64 “Predecessor Company” means an entity or predecessor thereof, prior, in either case, to its becoming a Commonly Controlled Entity, or to its assets being acquired by a Commonly Controlled Entity, as determined by the Company.

1.65 “QDRO” means a domestic relations order which the Plan Administrator has determined to be a qualified domestic relations order within the meaning of Section 414(p) of the Code.

1.66 “Reemployment Date” means the first date on which an Employee completes an Hour of Service by performing services as an Employee after a Break in Service.

1.67 “Service” means a Participant’s service with any Commonly Controlled Entity, measured in accordance with Article II.

1.68 “Settlement Date” means the date as of which a financial transaction from a corresponding Trade Date is settled in cash or in kind.

1.69 “Sever from Service” means to incur a Severance from Service.

16

1.70 “Severance from Service” means the earlier of: (i) the date an Employee terminates employment with any Commonly Controlled Entity by reason of a resignation, discharge, retirement, or death; or (ii) the first anniversary of the date the Employee is first absent (but not on an Authorized Absence) from employment by any Commonly Controlled Entity for any other reason. An Employee who fails to return to employment with any Commonly Controlled Entity at the expiration of an Authorized Absence will be deemed to have Severed from Service on the first to occur of the expiration of his Authorized Absence or the first anniversary of the first day of his Authorized Absence. An Employee who transfers employment between Commonly Controlled Entities will not be deemed to have Severed from Service.

1.71 “Spousal Consent” means the irrevocable written consent given by a Spouse to a Participant’s election (or waiver) of a specified form of benefit or Beneficiary designation. The Spouse’s consent must acknowledge the effect on the Spouse of the Participant’s election, waiver, or designation and be duly witnessed by a Plan representative or notary public. Spousal Consent will be valid only with respect to the Spouse who signs the Spousal Consent and only for the particular choice made by the Participant which requires Spousal Consent. A Participant may revoke (without Spousal Consent) a prior election, waiver, or designation that required Spousal Consent at any time before the Sweep Time associated with the Settlement Date upon which payments will begin. Spousal Consent will not be necessary to the extent that there is a determination by the Plan Administrator that there is no Spouse, the Spouse cannot be located, or such other circumstances as may be established by applicable law.

1.72 “Spouse” means a person who, as of the relevant time, is married to the Participant under state law as evidenced by a valid marriage certificate or other proof acceptable to the Plan Administrator. For Federal tax purposes, the term “Spouse” or “spouse” includes an individual married to a person of the same sex if the couple is lawfully married under state law, and the term “marriage” includes such a marriage between individuals of the same sex. The Plan Administrator shall administer the Plan in accordance with United States v. Windsor, 133 S. Ct. 2675 (2013), IRS Rev. Rul. 2013-17, and IRS Notice 2014-19, as applicable.

1.73 “Supplement” means the separate supplements of this Plan containing special provisions applicable to certain groups of Employees. To the extent there exists any inconsistency between any provision of any such Supplement and any other provision of the Plan, the applicable provision of such Supplement shall in all events control.

1.74 “Sweep Time” means the cutoff time established by the Plan Administrator to receive notification of a financial transaction in order to process the transaction with respect to a Trade Date designated by the Plan Administrator.

17

1.75 “Target Date Fund” means the diversified asset allocation Investment Options designated by the Investment Committee as target date funds.

1.76 “Trade Date” means the Business Day as of which a financial transaction is affected.

1.77 “Trust” means the legal entity resulting from the Trust Agreement, in which some or all of the assets of this Plan will be received, held, invested, and distributed to or for the benefit of Participants and Beneficiaries.

1.78 “Trust Agreement” means the agreement between the Company and the Trustee establishing the Trust, and any amendments thereto.

1.79 “Trust Fund” means any property, real or personal, received by and held by the Trustee, plus all income and gains and minus all losses, expenses, withdrawals, and distributions chargeable thereto.

1.80 “Trustee” means any corporation, individual, or individuals designated in the Trust Agreement accepting the appointment as Trustee to execute the duties of the Trustee as set forth in the Trust Agreement.

1.81 “Unit Value” means the value of a unit in an applicable Investment Option, as determined in good faith by the Trustee or the custodian of the Trust Fund, or, in the case of a mutual fund shares, by the issuer of such mutual fund shares.

1.82 “Valuation Time” means 4 p.m. (Eastern Time) or, if earlier, the close of business of the New York Stock Exchange, or as otherwise determined by the Plan Administrator.

1.83 “Year of Participation” means each year of Service to the extent earned during the period beginning on the date a Participant begins making Before-Tax, Roth 401(k), or After-Tax Contributions to the Plan (or any plan the assets of which are merged into the Plan) and continuing for so long as the person remains a Participant.

18

ARTICLE II

PARTICIPATION AND SERVICE

2.1 Eligibility.

(a) Participant on Effective Date. Each person who was a participant with an accrued benefit in the Plan immediately before the Effective Date will continue as a Participant as of the Effective Date, except as otherwise provided in Appendix B.

(b) Other Eligible Employee. A person who becomes an Employee will be eligible to become a Participant on his Employment Date or Reemployment Date, or if later, the date such person becomes an Eligible Employee.

(c) Additional Eligibility. Notwithstanding anything in the Plan to the contrary, the Eligible Employees identified in Appendix D were eligible to participate in the Plan from their hire date in 2001 through February 8, 2002, or their Severance from Service, if earlier.

2.2 Impact of Change of Employment Status on Eligibility. An Employee who is not an Eligible Employee will be eligible to become a Participant on the date he becomes an Eligible Employee. If the status of a Participant changes from Eligible Employee to Employee, such Participant will cease to be eligible to make or to have Contributions made on his behalf to the Plan, until such time as such Participant is reemployed by an Employer as an Eligible Employee.

2.3 Enrollment. An Eligible Employee who is eligible to become a Participant may become a Participant by enrolling in the Plan, or as otherwise provided in Section 2.9(a).

2.4 Duration. A person will cease to be a Participant on the date that his entire nonforfeitable Accrued Benefit under the Plan has been withdrawn, or upon his death, whichever occurs first.

2.5 Service.

(a) Except as otherwise provided in this Article II and in Article XI, an Employee’s Service will be the sum of (i) the Employee’s Service as of December 31, 2001, and (ii) the Employee’s years and fractions of a year (expressed in days) as an Employee after that date until he Severs from Service.

(b) Solely for purposes of this Section, if an Employee completes an Hour of Service before the first anniversary of his Severance from Service, the Severance from Service will be deemed not to have occurred for purposes of this Section.

2.6 Other Service-Crediting Provisions.

(a) To the extent determined by a resolution of a Designated Officer, a Participant’s Service will include his service as an employee of a Predecessor Company if the Participant was an employee of the Predecessor Company when it became a Commonly Controlled Entity.

19

(b) Employment with a Commonly Controlled Entity before the Effective Date will be disregarded in determining an Employee’s Service if such employment would have been disregarded under the rules of the Plan with regard to breaks in service as such rules were in effect under the Plan from time to time before the Effective Date.

(c) Service as a “leased employee” within the meaning of Section 414(n) or (o) of the Code will be credited for any period during which Section 414 of the Code requires the person to earn Service as a “leased employee.”

(d) To the extent determined by resolution of a Designated Officer, a Participant’s Service will include his service as an employee of a Related Company, as defined herein, if the Participant was an employee of the Related Company immediately prior to becoming a Participant. A “Related Company” is a company in which a Commonly Controlled Entity has an ownership interest or a company that has provided services to a Commonly Controlled Entity prior to the employee’s transfer.

2.7 Authorized Absences.

(a) The period of an Authorized Absence will be included in determining an Employee’s Service according to the rules prescribed by this Section, except to the extent additional Service is required to be granted by applicable law. Solely for purposes of determining the amount of Service that will be credited in accordance with this Section, the period of an Employee’s Authorized Absence will be deemed to end no later than the date on which the Employee’s employment is terminated.

(b) If an Employee is absent from employment on account of a paid or unpaid medical, sick, or disability leave of absence approved by his Employer, he will receive Service for the period of his absence from employment not to exceed a period of 24 months.

(c) If an Employee is absent from employment on account of a family leave of absence approved by his Employer, he will receive Service for the period of his absence from employment up to a maximum period of 12 months.

(d) If an Employee is absent from employment for military service with the armed forces of the United States and either (i) returns to employment within the period required by the Uniformed Services Employment and Reemployment Rights Act of 1994, or any successor statute, or (ii) becomes Disabled on or after January 1, 2007 while absent due to qualified military service, he will receive Service for the

20

period of his absence from employment through the earlier of his date of re-employment or the date on which he became Disabled. Notwithstanding any provision of the Plan to the contrary, contributions, benefits, and service credit with respect to qualified military service will be provided in accordance with Section 414(u) of the Code. The Plan Administrator may reasonably request that a Participant demonstrate that he has engaged in qualified military service within the meaning of Section 414(u) of the Code.

(e) If an Employee is absent from employment on account of any Authorized Absence (other than a leave described in subsections (b), (c), or (d) above) approved by his Employer, he will receive Service for the period of his absence from employment up to a maximum period of 12 months.

2.8 Non-duplication. Notwithstanding anything to the contrary in this Article II, a Participant will not receive credit under the Plan for a single period of service more than once for computing Service.

2.9 Transfer of Accounts Upon Change of Employment Status.

(a) If, upon a change of employment status, an Employee who is a participant in a Commonly Administered Plan (other than the BP Savings and Investment Plan) becomes an Eligible Employee:

(1) such Eligible Employee will become a Participant in the Plan as of the transfer date;

(2) his contribution elections and investment election made under the Commonly Administered Plan will automatically be treated as his Contribution Election and Investment Election under this Plan; and

(3) he can elect to have his accounts under such Commonly Administered Plan transferred to the corresponding Accounts to be established on his behalf under this Plan, to the extent such Account type already exists under this Plan.

(b) Notwithstanding the foregoing election, the prior investment election of such Participant will not continue in effect in this Plan if Investment Options in this Plan and the Commonly Administered Plan are different. In that case, the Investment Election will be deemed to be (until changed) a Target Date Fund based on the Participant’s age and expected retirement date (assumed to be such Participant’s Normal Retirement Date), rounded to the nearest Target Date Fund offered under the Plan, and all amounts transferred to this Plan will be invested initially in such Target Date Fund and then reinvested pursuant to an Exchange Election made by the Participant, or as otherwise directed by the Plan Administrator.

21

(c) If the status of a Participant changes from Eligible Employee to Employee and such Participant becomes eligible to participate in a different Commonly Administered Plan (other than the BP Savings and Investment Plan), at his election his Accounts (and the Investment Options in which those Accounts are invested) under this Plan will be transferred to the corresponding accounts (and investment options) to be established on his behalf under such Commonly Administered Plan, subject to the terms of such Commonly Administered Plan.

2.10 Transfer of Accounts Upon Outsourcing. If a Participant ceases to be an Eligible Employee because his employment function has been outsourced to a Contractor Firm, the Plan Administrator may provide for, or cause, the Accounts of such Eligible Employee to be transferred to a plan of the Contractor Firm that is intended to be qualified under Section 401(a) of the Code in a transfer that complies with the requirements of Sections 411(d)(6) and 414(l) of the Code.

22

ARTICLE III

CONTRIBUTIONS

3.1 Before-Tax Contributions.

(a) Any Participant who is an Eligible Employee may elect to have Before-Tax Contributions made to the Plan by his Employer in an integral percentage of his Compensation of not less than 1 percent nor more than 80 percent; provided, however, that in no event may the percentage of the Roth 401(k) and After-Tax Contributions of a Participant, when added to the percentage of Before-Tax Contributions, if any, made on his behalf equal less than 1 percent or more than 80 percent of his Compensation. The Compensation of such Participant will be reduced by the percentage elected under the Contribution Election in effect for such Participant; provided, however, that no Before-Tax Contributions made with respect to a year on behalf of a Participant may exceed the limitations set forth in Article IV. With respect to each applicable payroll period, the Employer will contribute as soon as reasonably possible, an amount to the Trust equal to the Participant’s Before-Tax Contributions for such payroll period and the Plan Administrator will cause such amount to be allocated and posted to the Participant’s Before-Tax Account.

(b) Subject to the right of any Participant who attains age 50 before the close of the taxable year to make additional Before-Tax Contributions and/or Roth 401(k) Contributions as catch-up contributions pursuant to Section 4.9, if the Contribution Dollar Limit prevents the Employer from making Before-Tax Contributions and/or Roth 401(k) Contributions on behalf of a Participant, the Participant will be deemed to have elected to make an After-Tax Contribution pursuant to Section 3.4 with respect to Before-Tax Contributions and/or Roth 401(k) Contributions the Employer was prevented from making; provided, however, that no such After-Tax Contributions made with respect to a year on behalf of a Participant may exceed the limitations set forth in Article IV.

3.2 Before-Tax Contributions under an Eligible Automatic Contribution Arrangement.

(a) Automatic Contribution. Before-Tax Contributions will be made on behalf of a Covered Employee. The amount of Before-Tax Contributions made for a Covered Employee each payroll period is equal to 3% of the Covered Employee’s Compensation for that payroll period, beginning as soon as administratively practicable following the first payment of Compensation made on or after the 30^th day following the Covered Employee’s Employment Date or Reemployment Date.

23

(b) Affirmative Election. A Covered Employee will have a reasonable opportunity after receipt of the EACA notice described in Code Section 414(w)(4), which gives notice of the Covered Employee’s rights and obligations as described in Treasury Regulation Section 1.414(w)-1(b)(3), to make an affirmative Contribution Election (either to make no Contributions or to make a different amount of Contributions) before Before-Tax Contributions are made on the Covered Employee’s behalf pursuant to subsection (a) hereof. Before-Tax Contributions being made under an EACA on behalf of a Covered Employee will cease as soon as administratively feasible after the Covered Employee makes an affirmative Contribution Election.

(c) Uniformity Requirement. The same percentage of Compensation will be withheld as Before-Tax Contributions pursuant to this Section from all Covered Employees subject to this Section. Notwithstanding the foregoing, Before-Tax Contributions made pursuant to this Section will be reduced or stopped to meet the limitations under Code Sections 401(a)(17), 402(g), and 415.

(d) Withdrawal of Before-Tax Contributions under the EACA.

(1) No later than 90 days after the date of the Covered Employee’s first elective contributions pursuant to this Section, the Covered Employee may request a distribution of such Before-Tax Contributions; provided, however, that the Covered Employee has not made any changes to his or her Contribution Election or Investment Election. No spousal consent is required for a withdrawal under this subsection (d).

(2) The amount to be distributed from the Plan upon the Covered Employee’s request under this subsection (d) is equal to the amount of Before-Tax Contributions made through the earlier of (i) the pay date for the second payroll period that begins after the Covered Employee’s withdrawal request and (ii) the first pay date that occurs after 30 days after the Covered Employee’s request, plus attributable gains or losses through the date of distribution. Any fee charged to the Covered Employee for the withdrawal may not be greater than any other fee charged for a cash distribution.

(3) Unless the Covered Employee affirmatively elects otherwise, any withdrawal request will be treated as an affirmative election to stop Before-Tax Contributions from being made on the Covered Employee’s behalf as of the date specified in subsection (d)(2) hereof.

(4) Before-Tax Contributions distributed pursuant to this subsection (d) are not counted towards the dollar limitation on elective deferrals contained in Code Section 402(g) nor for the actual deferral percentage test. Match Contributions that might otherwise be allocated to a Covered Employee’s Account on behalf of Before-Tax Contributions made under this Section will not be allocated to the extent the Covered Employee withdraws such Before-Tax Contributions pursuant to this subsection (d), and any Match Contributions already made on account of Before-Tax Contributions made pursuant to this Section will be forfeited.

24

3.3 Roth 401(k) Contributions.

(a) Any Participant who is an Eligible Employee may elect to have Roth 401(k) Contributions made to the Plan by his Employer in an integral percentage of his Compensation of not less than 1 percent nor more than 80 percent; provided, however, that in no event may the percentage of the Before-Tax and After-Tax Contributions of a Participant, when added to the percentage of Roth 401(k) Contributions, if any, made on his behalf equal less than 1 percent or more than 80 percent of his Compensation. The Compensation of such Participant will be reduced by the percentage elected under the Contribution Election in effect for such Participant; provided, however, that no Roth 401(k) Contributions made with respect to a year on behalf of a Participant may exceed the limitations set forth in Article IV. With respect to each applicable payroll period, the Employer will contribute as soon as reasonably possible an amount to the Trust equal to the Participant’s Roth 401(k) Contributions for such payroll period and the Plan Administrator will cause such amount to be allocated and posted to the Participant’s Roth 401(k) Account. Unless specifically stated otherwise, Roth 401(k) Contributions will be treated as elective deferrals for all purposes under the Plan.

(b) A Roth 401(k) contribution is an elective deferral that is:

(1) Designated irrevocably by the Participant at the time of the cash or deferred election as a Roth 401(k) Contribution that is being made in lieu of all or a portion of the Before-Tax Contributions the Participant is otherwise eligible to make under the Plan; and

(2) Treated by the Employer as includible in the Participant’s income at the time the Participant would have received that amount in cash if the Participant had not made a cash or deferred election.

3.4 After-Tax Contributions. Any Participant who is an Eligible Employee may elect to make After-Tax Contributions to the Plan by payroll deduction in an integral percentage of his Compensation of not less than 1 percent nor more than 80 percent; provided, however, that in no event may the percentage of the After-Tax Contributions of a Participant, when added to the percentage of Before-Tax and Roth 401(k) Contributions, if any, made on his behalf equal less than 1 percent or more than 80 percent of his Compensation. Any payroll deduction with respect to After-Tax Contributions will be made from the Compensation of a Participant by his Employer in accordance with the terms of the Contribution Election in effect for such Participant; provided, however, that no After-Tax Contributions made with

25

respect to a year on behalf of a Participant may exceed the limitations set forth in Article IV. With respect to each applicable payroll period, the Employer will contribute as soon as reasonably possible, an amount to the Trust equal to the Participant’s After-Tax Contributions for such payroll period and the Plan Administrator will cause such amount to be allocated and posted to the Participant’s After-Tax Account.

3.5 Match Contributions. With respect to each applicable payroll period, the Employer will contribute as soon as reasonably possible to the Trust as a Match Contribution for investment in accordance with Section 6.1 of the Plan an amount that is equal to 100 percent of the sum of the Before-Tax, Roth 401(k), and After-Tax Contributions, not in excess of 3 percent of Compensation, made on behalf of, or by, each Participant during such payroll period; provided, however, that no Match Contributions made with respect to a year on behalf of a Participant may exceed the limitations set forth in Article IV. Match Contributions made on behalf of a Heritage Amoco Participant will be allocated and posted to such Participant’s Heritage Amoco Match Account and Match Contributions made on behalf of any other Participant will be allocated and posted to such Participant’s BP Match Account. Company Match Contributions will be made by the Company in the form of cash.

3.6 Rollover Contributions.

(a) Any Participant may elect to make a Rollover Contribution to the Plan by delivering, or causing to be delivered, to the Plan the assets in cash which constitute such Rollover Contribution, provided that such Rollover Contribution meets such conditions as the Plan Administrator may establish. The Trustee will allocate and post to the Rollover Account of such Participant the amount of such Rollover Contribution. No Rollover Contribution by a Participant pursuant to this Section will be deemed to be a contribution of such Participant for purposes of Article IV.

(b) If it is later determined that an amount transferred pursuant to subsection (a) above, did not in fact qualify as a Rollover Contribution, the balance allocated to the Employee’s Rollover Account will immediately be: (i) segregated from all other Plan assets; (ii) treated as a non-qualified trust established by and for the benefit of the Employee; and (iii) distributed to the Employee, as adjusted for earnings and losses. Any such nonqualifying rollover will be deemed never to have been a part of the Plan.

(c) A Participant who is entitled to receive a lump sum distribution from a qualified plan described in Section 401(a) of the Code maintained by an Employer as the result of separation of employment or retirement from a Commonly Controlled Entity may elect to have such lump sum distribution deposited into his Rollover Account under the Plan. Such Rollover Contribution must be made in accordance with procedures that may be specified by the Plan Administrator.

26

(d) The Plan will accept a rollover contribution to the Roth 401(k) Rollover Account of a Participant only if it is a direct rollover from a designated Roth account under an applicable retirement plan described in Section 402A(e)(1) of the Code and only to the extent the rollover is permitted under the rules of Section 402(c) of the Code. The Plan Administrator may establish rules and procedures for a rollover to the Roth 401(k) Rollover Accounts of Participants. A Participant’s Roth 401(k) Rollover Account, Roth 401(k) Account, and Roth In-Plan Rollover Account shall be treated as a single contract for purposes of applying Code Section 72 to distribution from any such Account.

3.7 Qualified Nonelective Contributions and Qualified Matching Contributions.

(a) General Application. To the extent and in such amounts as the Plan Administrator, in its sole discretion, deems desirable to help satisfy the actual deferral percentage test and/or the actual contribution percentage test for any Plan Year or for other purposes permitted under applicable laws, regulations, or government agency guidance, the Employer shall make a Qualified Nonelective Contribution and/or a Qualified Matching Contribution for a Plan Year, allocable as described herein or as required by the relevant laws, regulations, or government agency guidance.

(b) QNEC Vesting and Distribution Rules. “Qualified Nonelective Contribution” or “QNEC” shall mean an Employer contribution, other than an After-Tax, Before-Tax, Match, or Roth 401(k) Contribution, that, except as provided otherwise in Treasury Regulation Section 1.401(k)-1(c) and (d), satisfies the requirements of Treasury Regulation Section 1.401(k)-1(c) and (d) as though the QNEC was an elective contribution, without regard to whether the QNEC is actually taken into account under the actual deferral percentage test or the actual contribution percentage test. Thus,

(1) A Participant is always 100% vested in any QNECs contributed to his Account under the Plan.

(2) QNECs shall be subject to the same withdrawal and distribution limitations that apply to Before-Tax Contributions made under the Plan; provided, however, that QNECs may not be distributed on account of hardship.

(c) QMAC Vesting and Distribution Rules. “Qualified Matching Contribution” or “QMAC” shall mean a matching contribution that, except as provided otherwise in Treasury Regulation Section 1.401(k)-1(c) and (d), satisfies the requirements of Treasury Regulation Section 1.401(k)-1(c) and (d) as though the contribution was an elective contribution, without regard to whether the contribution is actually taken into account under the actual deferral percentage test or the actual contribution percentage test. Thus,

27

(1) A Participant is always 100% vested in any QMACs contributed to his Account under the Plan, except as provided in Treasury Regulation Section 1.401(k)-2(b)(4)(iii).

(2) QMACs shall be subject to the same withdrawal and distribution limitations that apply to Before-Tax Contributions made under the Plan; provided, however, that QMACs may not be distributed on account of hardship.

(d) Investment. QNECs and QMACs shall be subject to the same Investment Elections that apply to a Participant’s Account.

(e) Loans. Participants may borrow any amount attributable to QNECs or QMACs under the Plan’s loan provisions.

(f) Contribution Limits. QNECs and QMACs shall be treated as nonelective contributions made by the Employer for purposes of applying any contribution limitations under the Plan or the Internal Revenue Code.

(g) QNEC Allocation. The Plan Administrator may cause QNECs to be contributed on behalf of, and allocable to, the Participants described in this subsection, with respect to a Plan Year, in the minimum amount necessary to satisfy the actual deferral percentage test and/or the actual contribution percentage test. As of the last day of each Plan Year for which the Employer makes (or is deemed to have made) QNECs, each Participant who is eligible to receive an allocation of QNECs for such Plan Year shall have allocated and credited to his Account a portion of the QNECs made for such Plan Year by the Employer. For purposes hereof, “eligible non-highly compensated employee” shall mean an Employee who is a Non-Highly Compensated Employee and who is taken into account in performing the actual deferral percentage or actual contribution percentage test which the QNEC is intended to help correct.

QNECs shall be allocated to the Account of some or all individuals, (i) who at any time during the Plan Year are or were active Participants, (ii) who were taken into account in performing the actual deferral percentage or actual contribution percentage tests which the QNEC is intended to help correct, and (iii) who are Non-Highly Compensated Employees, beginning with the eligible non-highly compensated employee with the lowest Compensation, up to the greater of 5% or 2 times the Plan’s representative contribution rate (as defined in Treasury Regulation Section 1.401(k)-2(a)(6)(iv)), and continuing with successive individuals or groups of such Participants in the same manner until the QNEC is fully allocated.

28

(h) QMAC Allocation. The Plan Administrator may cause QMACs to be contributed on behalf of, and allocable to, the Participants described in this subsection, with respect to a Plan Year, in the minimum amount necessary to satisfy the actual deferral percentage test and/or the actual contribution percentage test. As of the last day of each Plan Year for which the Employer makes (or is deemed to have made) QMACs, each Participant who is eligible to receive an allocation of QMACs for such Plan Year shall have allocated and credited to his Account a portion of the QMACs made for such Plan Year by the Employer. For purposes hereof, “eligible non-highly compensated employee” shall mean an Employee who is a Non-Highly Compensated Employee and who is taken into account in performing the actual deferral percentage or actual contribution percentage test which the QMAC is intended to help correct.

QMACs shall be allocated to the Account of each eligible non-highly compensated employee, in the same proportion that (i) such eligible non-highly compensated employee’s Plan Year Before-Tax, Roth 401(k), and After-Tax Contributions that do not exceed the maximum amount of Before-Tax, Roth 401(k), and After-Tax Contributions taken into account in determining Match Contributions for such Plan Year bears to (ii) the total of all such eligible non-highly compensated employees’ Plan Year Before-Tax, Roth 401(k), and After-Tax Contributions (calculated by taking into account for such eligible non-highly compensated employees only the maximum amount of Before-Tax, Roth 401(k), and After-Tax Contributions taken into account in determining Match Contributions for such Plan Year).

3.8 Roth In-Plan Rollover Contributions.

(a) General Application. Effective January 1, 2012, the Plan will permit Roth In-Plan Rollover Contributions as described in Section 402A(c)(4) of the Code.

(b) Contribution Election. A Participant may make an irrevocable election to contribute a vested amount (i) that is distributable from the Plan (other than from a Roth 401(k) Account, a Roth 401(k) Rollover Account, or a distributable loan) or (ii) that is part of an After-Tax Account, a Before-Tax Account, an After-Tax Rollover Account, a Before-Tax Rollover Account, or a nonelective employer contribution account, even if such amount is not currently distributable from the Plan, as an Eligible Rollover Distribution to a Roth In-Plan Rollover Account in accordance with rules and procedures established by the Plan Administrator. Such election shall not apply to any amount that has been distributed from the Plan. Such contribution shall be made in-kind.

(c) Separate Accounting. Contributions and withdrawals of Roth In-Plan Rollover Contributions will be credited and debited to the Roth In-Plan Rollover Account maintained for each Participant. Notwithstanding the foregoing, a Participant’s Roth In-Plan Rollover Account, Roth 401(k) Account, and Roth 401(k) Rollover Account shall be treated as a single contract for purposes of applying Code Section 72 to distributions from any such Account.

29

(d) Tax Consequences. The amount of a Roth In-Plan Rollover Contribution that would be includible in a Participant’s gross income if the amount were rolled over to a Roth IRA must be included in the Participant’s gross income. Code Section 72(t) shall not apply to a Roth In-Plan Rollover Contribution; provided, however, if a Roth In-Plan Rollover Contribution Account is distributed within the five-taxable-year period beginning with the first day of the Participant’s taxable year in which the Roth In-Plan Rollover Contribution was made, the amount distributed is treated as includible in gross income for the purpose of applying Code Section 72(t) to the distribution.

(e) Direct Rollovers.

(1) Notwithstanding Section 10.8 of the Plan, a direct rollover of a distribution from a Roth In-Plan Rollover Account under the Plan will only be made to another Roth elective deferral account under an applicable retirement plan described in Section 402A(e)(1) of the Code or to a Roth IRA described in Section 408A of the Code, and only to the extent the rollover is permitted under the rules of Section 402(c) of the Code.

(2) Eligible Rollover Distributions from a Participant’s Roth In-Plan Rollover Account are taken into account in determining whether the total amount of the Participant’s Account balance under the Plan exceeds $5,000 for purposes of mandatory distributions from the Plan.

(f) Additional Rules.

(1) No Roth In-Plan Rollover Contribution made by a Participant pursuant to this Section will be deemed to be a contribution of such Participant for purposes of Article IV.

(2) A distributable amount that is contributed pursuant to an Roth In-Plan Rollover Contribution is not treated as a distribution for purposes of Code Sections 72(p), 401(a)(11), 411(a)(11), or 411(d)(6)(B)(ii).

(3) Roth In-Plan Rollover Accounts are available for loans pursuant to the provisions of Article VIII.

(4) An individual who is a resident of Puerto Rico and who is subject to the income tax laws of Puerto Rico may not make a Roth In-Plan Rollover Contribution.

30

(5) Notwithstanding anything to the contrary herein, any Roth In-Plan Rollover Contribution made from an amount that is not currently distributable and any applicable earnings thereon shall remain subject to the distribution restrictions that were applicable to that amount before the Roth In-Plan Rollover Contribution.

3.9 Election Procedures.

(a) A Participant’s election to make Before-Tax Contributions, Roth 401(k) Contributions, and After-Tax Contributions will continue in effect (with automatic adjustment for any change in his Compensation) until changed or terminated pursuant to procedures established by the Plan Administrator, suspended under the terms of this Plan, or until the Participant ceases to be paid as an Eligible Employee. A Participant’s Before-Tax Contributions, Roth 401(k) Contributions, and After-Tax Contributions will cease for a Plan Year after the Participant’s Plan Year-to-date Compensation reaches the applicable compensation limit under Section 401(a)(17) of the Code, as adjusted for cost-of-living increases in accordance with Section 401(a)(17)(B) of the Code.

(b) In the event of a mistake by either the Employer or the Plan Administrator regarding the amount of a Participant’s Before-Tax Contributions, Roth 401(k) Contributions, or After-Tax Contributions during a Plan Year, the Employer may permit, in its sole discretion, contributions in excess of the 80 percent limit set forth in Sections 3.1, 3.3, and 3.4 to be made for 1 or more payroll periods during such Plan Year, but only to the extent required for such contributions for the Plan Year to equal what they would have been in the absence of the mistake.

(c) A Participant’s election to make Before-Tax Contributions, Roth 401(k) Contributions, and After-Tax Contributions may be limited pursuant to procedures established by the Plan Administrator for purposes of complying with any tax, deferral, or other withholding obligations or elections with respect to such Participant’s Compensation.

3.10 Employer Contribution on Return from Qualified Military Leave. If an Employee: (i) was absent from employment for qualified military service with the armed forces of the United States on or after January 1, 2001, (ii) returns to employment with the Employer within the period required by the Uniformed Services Employment and Reemployment Act of 1994, or any successor statute, and (iii) was eligible to participate in the Plan at the commencement of the qualified military leave, then following his return to employment with the Employer, the Employer will contribute to the Trust an amount determined under this Section as a contribution to the Participant’s Match Account and invested in accordance with Section 6.1 of the Plan as soon as administratively practicable following the Employee’s return from qualified military leave. The amount of the contribution will

31

equal the maximum Match Contribution the Employee would have been entitled to under the Plan had the Employee not been on qualified military leave and been contributing to the Plan during the leave period at a rate which would have entitled the Employee to the highest possible Match Contribution, reduced by the Match Contribution actually made on behalf of the Employee during the leave period; provided, however, that no contribution made with respect to a year on behalf of a Participant may exceed the limitations under Section 415 of the Code applicable to the year to which the missed Match Contribution relates. The missed compensation to be considered for purposes of calculating the contribution under this Section will be the Employee’s compensation as that term is defined under Section 414(u)(7) of the Code, reduced by Compensation actually paid to the Employee during the leave period. The contribution under this Section will be in satisfaction of any amount otherwise required to be contributed by the Employer pursuant to Section 414(u) of the Code or Section 2.7 of the Plan.

3.11 Employer Contribution Upon Death or Disability During Qualified Military Service. If a Participant dies or becomes Disabled on or after January 1, 2007 while performing qualified military service (as defined in Code Section 414(u)), such Participant shall be treated as if he has resumed employment with the Employer in accordance with the Uniformed Services Employment and Reemployment Act of 1994, or any successor statute, on the day preceding his death or Disability (as the case may be) and terminated employment on the actual date of death or Disability. As such, the Employer will contribute to the Trust an amount determined under this Section as a contribution to the Participant’s Match Account and invested in accordance with Section 6.1 of the Plan as soon as administratively practicable following the Participant’s death or Disability. The amount of the contribution will be determined on the basis of the Participant’s average actual employee contributions or elective deferrals for the lesser of (i) the 12-month period of service with the Employer immediately prior to the qualified military service, or (ii) if service with the Employer is less than such 12-month period, the actual length of continuous service with the Employer.

32

ARTICLE IV

LIMITATION ON CONTRIBUTIONS

4.1 Limit on Before-Tax and Roth 401(k) Contributions. The aggregate elective deferrals (as defined in Section 402(g)(3) of the Code) made on behalf of each Participant under the Plan for any Plan Year will not exceed:

(a) the Contribution Dollar Limit, reduced by:

(b) the sum of any of the following amounts that were contributed on behalf of the Participant for the Plan Year under a plan, contract, or arrangement other than this Plan:

(1) any employer contribution under a qualified cash or deferred arrangement (as defined in Section 401(k) of the Code) to the extent not includable in the Participant’s gross income for the taxable year under Section 402(e)(3) of the Code (determined without regard to Section 402(g) of the Code);

(2) any employer contribution to the extent not includable in the Participant’s gross income for the taxable year under Section 402(h)(1)(B) of the Code (determined without regard to Section 402(g) of the Code);

(3) any employer contribution to purchase an annuity contract under Section 403(b) of the Code under a salary reduction agreement (within the meaning of Section 3121(a)(5)(D) of the Code); and

(4) any elective employer contribution under Section 408(p)(2)(A)(i) of the Code;

provided that no contribution described in this subsection (b) will be taken into account for the purpose of reducing the dollar limit in subsection (a) above, if the plan, contract, or arrangement is not maintained by a Commonly Controlled Entity unless the Participant has filed a notice with the Plan Administrator not later than March 15 of the next Plan Year regarding such contribution.

4.2 Actual Deferral Percentage Test.

(a) The Plan will satisfy the actual deferral percentage test set forth in Section 401(k)(3) of the Code and Treasury Regulation Section 1.401(k)-1(b), the provisions of which (and any subsequent Internal Revenue Service guidance issued thereunder) are incorporated herein by reference (including, at the election of the Employer, the making of qualified nonelective contributions, as defined in Section 401(m)(4)(C) of the Code and subject to the requirements of Treasury Regulation

33

Section 1.401(k)-2 and any subsequent regulatory guidance, and any qualified matching contributions, as defined in Treasury Regulation Section 1.401(k)-6 and subject to the requirements of Treasury Regulation Section 1.401(k)-2 and any subsequent regulatory guidance, to be treated as Before-Tax Contributions hereunder), each as modified by subsection (b), below. In accordance with Section 401(k)(3) of the Code and Treasury Regulation Section 1.401(k)-1(b), as modified by subsection (b), below, the actual deferral percentage for HCEs for any Plan Year will not exceed the greater of:

(1) the actual deferral percentage for NHCEs for the current Plan Year multiplied by 1.25, or

(2) the lesser of (i) the actual deferral percentage for NHCEs for the current Plan Year multiplied by 2 and (ii) the actual deferral percentage for NHCEs for the current Plan Year plus 2%.

(b) In performing the actual deferral percentage test described in subsection (a) above, the following special rules will apply:

(1) The deferral percentages of Participants who are covered by an agreement that the Secretary of Labor finds to be a collective bargaining agreement between employee representatives and an Employer will be disaggregated from the deferral percentages of other Participants and the provisions of this Section will be applied separately with respect to each group.

(2) Employees who have not become eligible to become Participants will be disregarded in applying this Section.

(3) The Plan Administrator may permissively aggregate the Plan with other plans to the extent permitted under Treasury Regulation Section 1.401(k)-1.

(4) Additional Before-Tax or Roth 401(k) Contributions made pursuant to Section 414(u) of the Code by reason of a Participant’s qualified military service are not taken into account under this Section for the Plan Year for which the contributions are made, or for any other Plan Year.

4.3 Actual Contribution Percentage Test.

(a) The Plan will satisfy the actual contribution percentage test set forth in Section 401(m)(2) of the Code and Treasury Regulation Section 1.401(m)-1(b), the provisions of which (and any subsequent Internal Revenue Service guidance issued thereunder) are incorporated herein by reference (including, at the election of the Employer, the making of qualified nonelective contributions, as defined in Section

34

401(m)(4)(C) of the Code and subject to the requirements of Treasury Regulation Section 1.401(m)-2 and any subsequent regulatory guidance, and any qualified matching contributions, as defined in Treasury Regulation Section 1.401(k)-6 and subject to the requirements of Treasury Regulation Section 1.401(m)-2 and any subsequent regulatory guidance, to be treated as Before-Tax Contributions hereunder), each as modified by subsection (b), below. In accordance with Section 401(m)(2) of the Code and Treasury Regulation Section 1.401(m)-1(b), as modified by subsection (b), below, the actual contribution percentage for HCEs for any Plan Year will not exceed the greater of:

(1) the actual contribution percentage for NHCEs for the current Plan Year multiplied by 1.25, or

(2) the lesser of (i) the actual contribution percentage for NHCEs for the current Plan Year multiplied by 2 and (ii) the actual contribution percentage for NHCEs for the current Plan Year plus 2%.

(b) In performing the actual contribution percentage test described in subsection (a) above, the following special rules will apply:

(1) The limit imposed by the actual contribution percentage test will apply only to HCEs and NHCEs who are not covered by an agreement that the Secretary of Labor finds to be a collective bargaining agreement between employee representatives and an Employer.

(2) Employees who have not become eligible to become Participants will be disregarded in applying this Section.

(3) The Plan Administrator may permissively aggregate the Plan with other plans to the extent permitted under Treasury Regulation Section 1.401(m)-1.

4.4 Prohibition on Multiple Use. For Plan Years beginning prior to January 1, 2002, the Plan will not violate the prohibition against multiple use of the alternative methods of compliance with Sections 401(k) and (m) of the Code. The prohibition is set forth in Section 401(m)(9) of the Code and Treasury Regulation Section 1.401(m)-2, the provisions of which (and any subsequent Internal Revenue Service guidance issued thereunder) are incorporated herein by reference, and will be applied using the current year testing method; provided that:

(a) the limit imposed by the multiple use test will apply only to HCEs and NHCEs who are not covered by an agreement that the Secretary of Labor finds to be a collective bargaining agreement between employee representatives and an Employer;

35

(b) the multiple use test will be applied after taking into account the modifications to the actual deferral percentage test and the actual contribution percentage tests made by Sections 4.2(b) and 4.3(b); and

(c) Employees who have not become eligible to become Participants will be disregarded in applying this Section.

4.5 Maximum Contributions.

(a) In addition to any other limitation set forth in the Plan and notwithstanding any other provision of the Plan, in no event will the annual additions allocated to a Participant’s Account under the Plan, together with the aggregate annual additions allocated to the Participant’s accounts under all other defined contribution plans required to be aggregated with the Plan under the provisions of Section 415 of the Code, exceed the lesser of (i) $40,000 (as adjusted by Code Section 415(d) and related Treasury regulations) or (ii) 100 percent of the Participant’s compensation, which is the maximum amount permitted under Section 415 of the Code, the provisions of which are incorporated herein by reference.

(b) If the limitations imposed by this Section apply to a Participant who is entitled to annual additions under one or more tax-qualified plans with which the Plan is aggregated for purposes of Section 415 of the Code, the annual additions under the Plan and such other plan or plans will be reduced in the following order, to the extent necessary to prevent the Participant’s benefits and/or annual additions from exceeding the limitations imposed by this Section:

(1) All other defined contribution plans in which the Participant participated and with which the Plan is aggregated for purposes of Section 415 of the Code, in an order based on the reverse chronology of the annual additions to the plans, beginning with the last annual addition and ending with the first annual addition; and

(2) The Plan.

4.6 Imposition of Limitations. Notwithstanding anything contained in the Plan to the contrary, the Plan Administrator may, in his sole discretion, limit the amount of a Participant’s Before-Tax Contributions, Roth 401(k) Contributions, and After-Tax Contributions during a Plan Year to the extent that he determines that the imposition of such a limit is necessary or appropriate to ensure that the Plan will satisfy the requirements of this Article. Any such limitation may be imposed on a Participant at any time and without advance notice to the Participant, and regardless of whether the Participant is covered by a collective bargaining agreement between employee representatives and an Employer. The Plan Administrator can impose limitations beyond those that are absolutely necessary to satisfy

36

the requirements of this Article and may, in his sole discretion, impose more restrictive limitations that are designed to enable the Plan to satisfy those requirements by a reasonable margin. Notwithstanding anything contained in the Plan to the contrary, in the event that the Contributions to be allocated to a Participant for a particular payroll period would cause the limitations of Section 4.5 to be exceeded with respect to a Participant, the Match Contributions which otherwise would be made with respect to such Participant for such period will be first reduced or eliminated so that the limitations of Section 4.5 are not exceeded.

4.7 Return of Excess Annual Additions, Deferrals, and Contributions.

(a) If a Participant’s Before-Tax Contributions, Roth 401(k) Contributions, or After-Tax Contributions cause the annual additions allocated to a Participant’s Account to exceed the limit imposed by Section 4.5, such excess contributions (plus or minus any gains or losses thereon) will be returned to the Participant in the following order: (i) After-Tax Contributions for which no Match Contributions were made; (ii) Before-Tax Contributions for which no Match Contributions were made; (iii) Roth 401(k) Contributions for which no Match Contributions were made; (iv) After-Tax Contributions for which Match Contributions were made; (v) Before-Tax Contributions for which Match Contributions were made; and (vi) Roth 401(k) Contributions for which Match Contributions were made. Contributions returned pursuant to this subsection (a) will be disregarded in applying the limits imposed by Sections 4.1 through 4.4.

(b) After any excess annual additions (plus or minus any gains or losses thereon) with respect to a Plan Year have been distributed as provided in subsection (a) above, if a Participant’s aggregate elective deferrals (as defined in Section 402(g)(3) of the Code) with respect to a Plan Year exceed the Contribution Dollar Limit, the following rules will apply to such excess (the Participant’s “excess deferrals”):

(1) Not later than the first January 31 following the close of the Plan Year, the Participant may allocate to the Plan all or any portion of the Participant’s excess deferrals for the Plan Year (provided that the amount of the excess deferrals allocated to the Plan will not exceed the amount of the Participant’s Before-Tax and Roth 401(k) Contributions to the Plan for the Plan Year that have not been withdrawn or distributed) and will notify the Plan Administrator of any amount allocated to the Plan.

(2) If excess deferrals have been made to this Plan, or any other plan maintained by a Commonly Controlled Entity, on behalf of a Participant for a Plan Year, the Participant will be deemed to have allocated such excess deferrals to the Plan pursuant to subsection (b)(1) above, and the Plan will distribute such excess deferrals pursuant to subsection (b)(3), below.

37

(3) As soon as practicable, but in no event later than the first April 15th following the close of the Plan Year, the Plan will distribute to the Participant the amount allocated or deemed allocated to the Plan under subsection (b)(1) or (b)(2) above (plus or minus any gains or losses allocable to such amount through the end of such Plan Year). The distribution described in this subsection (b)(3) will be made notwithstanding any other provision of the Plan.

(c) After any excess annual additions (plus or minus any gains or losses thereon) with respect to a Plan Year have been distributed as provided in subsection (a) above, after any excess deferrals (plus or minus any gains or losses thereon) with respect to a Plan Year have been distributed as provided in subsection (b) above, and after any action pursuant to Section 4.6 with respect to the Plan Year has been taken, if the actual deferral percentage for the Plan Year of HCEs exceeds the limit imposed by Section 4.2, the following rules apply:

(1)

(A) The amount of the excess contributions (determined in accordance with Section 401(k)(8)(B) of the Code and subparagraph (3), below), plus or minus any gains or losses thereon through the end of the Plan Year in which such excess contributions were made, will be distributed to HCEs, beginning with the HCE with the highest dollar amount of Before-Tax and Roth 401(k) Contributions for the Plan Year in an amount required to cause that HCE’s Before-Tax and Roth 401(k) Contributions to equal the dollar amount of the Before-Tax and Roth 401(k) Contributions of the HCE with the next highest dollar amount of Before-Tax and Roth 401(k) Contributions (or in such lesser amount that is equal to the total amount of excess contributions). The process described in the preceding sentence will continue until the reduction equals the total excess contributions made to the Plan.

(B) The distribution described in subparagraph (A) above, will be made as soon as practicable, but in no event later than the close of the Plan Year following the close of the Plan Year with respect to which the excess contributions were made.

(C) The gains or losses on excess contributions will be determined by multiplying the total annual earnings (positive or negative) for the Plan Year in the Participant’s Before-Tax or Roth 401(k) Account by the following fraction:

40

(i) The numerator of the fraction will be the amount of the excess contributions.

(ii) The denominator of the fraction will be the value of the Participant’s Before-Tax or Roth 401(k) Account as of the last day of the Plan Year, reduced by any positive earnings (or increased by any negative earnings) credited to the Participant’s Before-Tax or Roth 401(k) Account for the Plan Year.

Notwithstanding the preceding provisions of this subparagraph (C), in the discretion of the Plan Administrator, the gains and losses on excess contributions will be determined in accordance with any method permitted under the Code and the applicable Treasury Regulations.

(2) In accordance with Treasury Regulations, the Plan Administrator may elect, in his sole discretion, to treat as an After-Tax Contribution the amount of the excess contributions attributable to a Participant who is an HCE, except to the extent that such After-Tax Contribution would cause the Plan to exceed (or to continue to exceed) the contribution percentage limit imposed by Section 4.3 or to violate (or to continue to violate) the prohibition against multiple use imposed by Section 4.4.

(3) The excess contributions to the Plan will be determined in accordance with Section 401(k)(8)(B) of the Code by performing the hypothetical calculation described in this subparagraph (3). The actual deferral percentage of the HCE with the highest individual actual deferral percentage will be reduced to the extent necessary to cause his actual deferral percentage to equal the actual deferral percentage of the HCE with the second highest individual actual deferral percentage (or, if it would result in a lesser reduction, to the extent necessary to cause the Plan to satisfy the actual deferral percentage test under Section 4.2). The excess contribution to the Plan is the amount by which the Before-Tax and Roth 401(k) Contributions of the HCE with the highest individual actual deferral percentage would have been reduced after the hypothetical reduction in actual deferral percentage described in the preceding sentence. This process will continue until no excess contributions remain.

The distribution described in subparagraph (1) above, will be made notwithstanding any other provision of the Plan. The amount distributed pursuant to subparagraph (1) above, or recharacterized pursuant to subparagraph (2) above, for a Plan Year with respect to a Participant will be reduced by any excess deferral previously distributed from the Plan to such Participant for the Participant’s taxable year ending with or within such Plan Year.

39

(d) If a Participant’s Before-Tax Contributions, Roth 401(k) Contributions, or After-Tax Contributions (plus or minus any gains or losses thereon) are returned to him pursuant to the provisions of this Section, any Match Contributions (plus or minus any gains or losses thereon) with respect to such returned Before-Tax Contributions, Roth 401(k) Contributions, or After-Tax Contributions will be immediately forfeited. Any such forfeitures will be applied to reduce the Company’s obligation to make Match Contributions pursuant to Article III.

(e) After any excess deferrals (plus or minus any gains or losses thereon), and any excess contributions (plus or minus any gains or losses thereon), with respect to a Plan Year have been distributed and/or re-characterized, in accordance with subsections (a), (b), (c), and (d) above, and after any action pursuant to Section 4.6 with respect to the Plan Year has been taken, if the contribution percentage for the Plan Year of HCEs exceeds the actual contribution percentage limit imposed by Section 4.3, the following rules will apply:

(1)

(A) The amount of the excess aggregate contributions for the Plan Year (determined in accordance with Section 401(m)(6)(B) of the Code and subparagraph (3), below), plus or minus any gains or losses thereon through the end of such Plan Year, will be distributed (or, if forfeitable, will be forfeited) as soon as practicable and in any event before the close of the Plan Year following the close of the Plan Year with respect to which the excess aggregate contributions were made.

(B) The gains or losses on excess aggregate contributions will be determined by multiplying the total annual earnings (positive or negative) for the Plan Year in the Participant’s After-Tax and Match Accounts by the following fraction:

(i) The numerator of the fraction will be the amount of the excess aggregate contributions.

(ii) The denominator of the fraction will be the value of the Participant’s After-Tax and Match Accounts as of the last day of the Plan Year, reduced by any positive earnings (or increased by any negative earnings) credited to the Participant’s After-Tax and Match Accounts for the Plan Year.

40

Notwithstanding the preceding provisions of this subparagraph (B), in the discretion of the Plan Administrator, the gains and losses on excess contributions will be determined in accordance with any method permitted under the Code and the applicable Treasury Regulations.

(2) Any distribution in accordance with subparagraph (1) above, will be made to HCEs, beginning with the HCE with the highest dollar amount of After-Tax Contributions and Match Contributions for the Plan Year in an amount required to cause that HCE’s After-Tax Contributions and Match Contributions to equal the dollar amount of the After-Tax Contributions and Match Contributions of the HCE with the next highest dollar amount of After-Tax Contributions and Match Contributions (or in such lesser amount that is equal to the total amount of excess aggregate contributions). This process will continue until the reduction equals the total excess aggregate contributions made to the Plan. Such distributions will be made notwithstanding any other provision of the Plan.

(3) The excess aggregate contributions to the Plan will be determined in accordance with Section 401(m)(6)(B) of the Code by performing the hypothetical calculation described in this subparagraph (3). The actual contribution percentage of the HCE with the highest individual actual contribution percentage will be reduced to the extent necessary to cause his actual contribution percentage to equal the actual contribution percentage of the HCE with the second highest individual actual contribution percentage (or, if it would result in a lesser reduction, to the extent necessary to cause the Plan to satisfy the actual contribution percentage under Section 4.3). The excess aggregate contribution to the Plan is the amount by which the After-Tax Contributions and Match Contributions on behalf of the HCE with the highest individual actual contribution percentage would have been reduced after the hypothetical reduction in actual contribution percentage described in the preceding sentence. This process will continue until no excess aggregate contributions remain.

The determination of the excess aggregate contributions under this subsection (e) for any Plan Year will be made after taking the measures called for by the preceding subsections of this Section.

(f) For Plan Years beginning prior to January 1, 2002, if after all the actions required or permitted by Section 4.6 and the preceding provisions of this Section have been taken, the Before-Tax Contributions, Roth 401(k) Contributions, After-Tax Contributions, and Match Contributions of HCEs cause the Plan to violate the prohibition against multiple use imposed by Section 4.4, the contribution percentage of such HCEs will be reduced to the extent necessary to cause the Plan to comply with that prohibition, and the excess aggregate contributions will be distributed (or, if forfeitable, will be forfeited) in the manner described in subsection (e) above.

41

4.8 Incorporation by Reference. Each incorporation by reference in this Article IV of the provisions of Sections 401(k)(3), (m)(2), (m)(9), and 415, and the specific underlying regulations thereunder, includes this incorporation by reference to any subsequent Internal Revenue Service guidance issued thereunder.

4.9 Catch-Up Contributions. Notwithstanding anything in this Plan to the contrary, with respect to Contributions for Plan Years beginning after December 31, 2001, all Eligible Employees who attain age 50 before the close of the taxable year will be eligible to make additional Before-Tax Contributions and/or Roth 401(k) Contributions as catch-up contributions in accordance with, and subject to the limitations of, Section 414(v) of the Code, the provisions of which are hereby incorporated herein by reference. Such catch-up contributions will not be taken into account for purposes of the provisions of the Plan implementing the required limitations of Sections 402(g) and 415 of the Code, and will not be subject to the requirements of Section 4.7. The Plan will not be treated as failing to satisfy the provisions of the Plan implementing the requirements of Section 401(k)(3), 410(b), or 416 of the Code by reason of the making of such catch-up contributions.

4.10 Definition of Compensation. For purposes of applying the limitations described in this Article IV, “compensation” shall mean Code Section 3401(a) wages as defined in Treasury Regulation Section 1.415(c)-2(d)(3). Compensation shall include payments made by the later of 2 1/2 months after the Participant’s severance from employment or the end of the limitation year that includes the date of such severance if, absent a severance from employment, such payments would have been paid to the Participant while the Participant continued in employment with the Company and are regular compensation for services during the Participant’s regular working hours, compensation for services outside the Participant’s regular working hours (such as overtime and shift differential), commissions, incentive compensation, or other similar compensation. For Plan Years and limitation years beginning on and after January 1, 2009, for purposes of applying the limitations described in this Article IV, compensation paid or made available during such Plan Year or limitation year will include any differential wage payments (as defined in Code Section 3401(h)(2)) made to an Employee by the Employer to the extent required by Code Section 414(u)(12). This provision will also apply for purposes of Section 1.48 (“Highly Compensated Eligible Employee”) and Article XVII (“Special Top-Heavy Rules”) of the Plan.

42

ARTICLE V

ACCOUNTING FOR PARTICIPANTS’

ACCOUNTS AND FOR INVESTMENT OPTIONS

5.1 Individual Participant Accounting.

(a) Account Maintenance. The Plan Administrator will cause the Accounts for each Participant to reflect transactions involving Contributions and other allocations thereto, loans, earnings, losses, withdrawals, distributions, and expenses to be allocated and posted to the Accounts in accordance with the terms of this Plan. Financial transactions during or with respect to an Accounting Period will be accounted for at the individual Account level by allocating and posting each transaction to the Account as of a Trade Date. At any point in time, the value of a Participant’s Accrued Benefit will be equal to the sum of the aggregate of the following amounts determined under (1), (2), and (3) with regard to each Investment Option:

(1) the (i) Unit Values for the portion of his Accounts invested in each Investment Options under 5.2(a) multiplied by (ii) the number of full and fractional units for each such Investment Option posted to his Accounts;

(2) the (i) fair market value for the shares for the portion of his Accounts invested in each Investment Option under 5.2(b) multiplied by (ii) the number of full and fractional shares for each such Investment Option posted to his Accounts; and

(3) the fair market value of any other assets of the Trust Fund (exclusive of assets described in (1) and (2)) in which a portion of his Accounts is invested or held.

(b) Trade Date Accounting and Investment Cycle. For any transaction to be processed as of a Trade Date, the Plan Administrator must receive instructions by the Sweep Time and such instructions will apply only to amounts held in and posted to the Accounts as of the Trade Date. Except as otherwise provided herein, all transactions will be affected on the Trade Date relating to the Sweep Time (or as soon thereafter as is administratively possible).

(c) Suspension of Transactions. Whenever the Plan Administrator considers such action to be in the best interest of the Participants, the Plan Administrator in its discretion may suspend from time to time the Trade Date or reset the Sweep Time.

43

(d) How Fees and Expenses Are Charged to Accounts. Account maintenance fees will be charged to Accounts (to the extent such fees are not paid by the Employer), provided that no fee will reduce an Account balance below zero. Transaction type fees (such as loan set-up fees, etc.) will be charged to the Accounts involved in the transaction as determined pursuant to procedures adopted by the Plan Administrator. Fees and expenses incurred for the management and maintenance of Investment Options will be charged at the Investment Option level and reflected in the net gain or loss of each Investment Option to the extent not paid by the Employer.

(e) Error Correction. The Plan Administrator may correct any errors or omissions in the administration of the Plan by crediting or charging any Account with the amount that would have been allocated, credited, or charged to the Account had no error or omission been made. Funds necessary for any such crediting will be provided through payment made by the Plan Administrator, or, if the Plan Administrator was not responsible for such error or omission, through payment by the Employer.

5.2 Accounting for Investment Options.

(a) Unit Accounting. The investments in each Investment Option designated by the Plan Administrator as subject to unit accounting will be maintained in full and fractional units. The Plan Administrator is responsible for determining the number of full and fractional units of each such Investment Option.

(b) Share Accounting. The investments in each Investment Option designated by the Plan Administrator as subject to share accounting will be maintained in full and fractional shares. The Plan Administrator is responsible for determining the number of full and fractional shares of each such Investment Option.

5.3 Accounts for Beneficiaries and Alternate Payees. A separate Account will be established for any Beneficiary entitled to any portion of a deceased Participant’s Account, and for an Alternate Payee as of the date and in accordance with the directions specified in the QDRO. Such Account will be valued and accounted for in the same manner as any other Account. Beneficiaries and Alternate Payees will be treated as Participants to the extent provided as follows:

(a) Exchange Election. A Beneficiary or an Alternate Payee may direct or exchange the investment of such Account in the same manner as a Participant.

46

(b) Withdrawals and Forms of Payment. Payment to a Beneficiary may be made as provided herein. An Alternate Payee will receive payment of the amount specified in the QDRO as soon as administratively possible, regardless of whether the Participant is an Employee, unless the QDRO specifically provides that payment be delayed, including at the election of the Alternate Payee. Payment may be made in the same forms as are available to the Participant with respect to whom the QDRO has been obtained, to the extent provided in the QDRO. If an Alternate Payee is entitled to $1,000 or less at any time, including after payments hereunder have commenced, the Alternate Payee’s benefit under a QDRO will be paid as a single sum, pursuant to such procedures as may be established by the Plan Administrator.

(c) Participant Loans. A Beneficiary or an Alternate Payee will not be entitled to borrow from his Account. If a QDRO specifies that the Alternate Payee is entitled to any portion of the Account of a Participant who has an outstanding loan balance, all outstanding loans will continue to be held in the Participant’s Account and will not be divided between the Participant’s and Alternate Payee’s Accounts.

(d) Beneficiary. A Beneficiary or an Alternate Payee (to the extent provided for in the QDRO) may designate a Beneficiary in the same manner as a Participant.

5.4 Transition Rules. The Plan Administrator may adopt such procedures, including imposing “transition” periods, as are necessary to accommodate any plan mergers, Investment Option or accounting changes or events, or similar events as it determines are necessary for the proper administration of the Plan.

45

ARTICLE VI

INVESTMENT OPTIONS AND ELECTIONS

6.1 Investment of Contributions.

(a) Investment Elections. Each Participant may direct the Plan Administrator, by submission to the Plan Administrator of an Investment Election, to invest Contributions (and loan repayments) posted to his Accounts and other amounts allocated and posted to the Participant’s Accounts in one or more Investment Options; provided, however, that Investment Elections may only be accepted for Rollover Contributions to the extent allowed by the Plan Administrator. In the absence of an Investment Election, and subject to such rules as the Plan Administrator may make, Contributions (and loan repayments) will be invested in a Target Date Fund based on the Participant’s age and expected retirement date (assumed to be such Participant’s Normal Retirement Date), rounded to the nearest Target Date Fund offered under the Plan. Such Target Date Fund is intended to be a “qualified default investment alternative” as described in Department of Labor Regulation Section 2550.404c-5(e). This provision shall have no effect on existing fund balances.

(b) Effective Date of Investment Election; Change of Investment Election. A Participant’s initial Investment Election will be effective with respect to an Investment Option on the Trade Date which relates to the Sweep Time on which or prior to which the Investment Election is received and not revoked pursuant to procedures specified by the Plan Administrator. A Participant’s Investment Election will continue in effect, notwithstanding any change in his Compensation or his Contribution Percentage, until the earliest of: (1) the effective date of a new Investment Election; or (2) the date he ceases to be a Participant. A change in Investment Election will be effective with respect to an Investment Option as soon as administratively possible after the date the Plan Administrator receives the Participant’s new Investment Election.

6.2 Investment of Accounts.

(a) Exchange Election. Notwithstanding a Participant’s Investment Election, a Participant may direct the Plan Administrator, by submission of an Exchange Election to the Plan Administrator, to change the investment of his Accounts between 2 or more Investment Options, on a pro rata basis with respect to each of the Participant’s Accounts (exclusive of the Participant’s loans).

46

(b) Effective Date of Exchange Election. An Exchange Election to change a Participant’s investment of his Accounts in one Investment Option to another Investment Option will be effective with respect to such Investment Options on the Trade Date(s) which relates to the Sweep Time on which or prior to which the Exchange Election is received and not revoked pursuant to procedures specified by the Plan Administrator. Notwithstanding the foregoing, and except as provided in Section 12.1 below, an Exchange Election made with respect to the Account balance of a Participant who dies on or after the effective date will not be valid if it is made after such time that is established by the Plan Administrator following the date the Plan Administrator is notified of such Participant’s death.

(c) Delayed Effective Date. Notwithstanding any provision of this Section to the contrary, if the sell portion of an Exchange Election cannot be processed due to a problem in the market, a liquidity shortage in an Investment Option or disruption of other sell or buy orders in another Investment Option, the buy portion of the Exchange Election will not be processed on a Trade Date until the sell transaction can be processed.

6.3 Investment Options. The Investment Committee may:

(a) select, add, monitor, and remove or take similar actions with respect to Investment Options offered under the Plan;

(b) limit or freeze investments in, or transfers from, an Investment Option;

(c) add funding vehicles under an Investment Option; or

(d) direct Trustees, Investment Managers, or other third-parties to liquidate, consolidate, or otherwise reorganize an existing Investment Option.

Notwithstanding anything to the contrary herein, the Company Stock Fund is an Investment Option that the Plan Sponsor, in its settlor capacity, expressly intends to be an ongoing, fundamental feature of the Plan’s design that provides Participants with the opportunity to invest in Company Stock. The Investment Committee may remove the Company Stock Fund as an Investment Option only to the extent it determines that continuing to offer the Company Stock Fund would breach the Investment Committee’s fiduciary duties under ERISA.

6.4 Transition Rules. Effective as of the date designated by the Designated Officer on which any Investment Option is addressed under Section 6.3, each Participant will have the opportunity to make new Investment Elections and Exchange Elections to the Plan Administrator no later than the applicable Sweep Time. The Plan Administrator may take such action as the Plan Administrator deems appropriate, including, but not limited to:

(a) using any reasonable accounting methods in performing his duties during the period of transition;

47

(b) designating into which Investment Option a Participant’s Accounts or Contributions will be invested;

(c) establishing the method for allocating net investment gains or losses and the extent, if any, to which amounts received by and distributions paid from the Trust during this period share in such allocation;

(d) investing all or a portion of the Trust’s assets in a short-term, interest-bearing Investment Option during such transition period;

(e) delaying any Trade Date during a designated transition period or changing any Sweep Time or Valuation Time during such transition period; or

(f) designating how and to what extent a Participant’s Investment Election Exchange Election will apply to Investment Options.

6.5 Restricted Investment Options. Notwithstanding anything contained herein to the contrary: (i) purchases and sales in the Company Stock Fund will be restricted for Participants subject to applicable statutory, stock exchange, or Company trading restrictions; and (ii) amounts invested hereunder will be subject to such restrictions as may be imposed by (I) the issuer of securities to an Investment Option, or (II) the investment manager or advisor of such Investment Option.

In addition, the Plan Administrator reserves the right to take any and all actions he determines to be appropriate to minimize plan disruptions, and to protect the interest of all Plan Participants, including disruptions caused by excessive Participant trading or for any other reason. Such actions may include establishing redemption fees (and the terms and conditions thereof) or establishing rules which may operate to limit or restrict Participant rights under the Plan to effectuate transactions. The Plan Administrator may implement such actions without prior notice to Plan Participants.

6.6 Risk of Loss. Neither the Plan nor the Company guarantees that the fair market value of the Investment Options, or of any particular Investment Option, will be equal to or greater than the amounts invested therein. Neither the Plan nor the Company guarantees that the value of the Accounts will be equal to or greater than the Contributions allocated thereto. Except as required pursuant to ERISA, each Participant will have sole responsibility for the investment of his Accounts and for transfers among the available Investment Options, and no fiduciary, or other person will have any liability for any loss or diminution in value resulting from any Participants’ exercise of, or failure to exercise, such investment responsibility. Each Member assumes all risk of any decrease in the value of the Investment Options and the Accounts. The Plan is intended to constitute a plan described in Section 404(c) of ERISA.

48

6.7 Interests in the Investment Options. No Member will have any claim, right, title, or interest in or to any specific assets of any Investment Option until distribution of such assets is made to such Member. No Member will have any claim, right, title, or interest in or to the Investment Option, except as and to the extent expressly provided herein.

6.8 Sole Source of Benefits. Members may only seek payment of benefits under the Plan from the Trust, and except as otherwise required by law, the Employer assumes no responsibility or liability therefor.

6.9 Alternate Payees and Beneficiaries. See Section 5.3 for the treatment of Alternate Payees and Beneficiaries as Participants for purposes of this Article VI.

6.10 Diversification. The Plan is intended to comply with the requirements of Code Section 401(a)(35). If any portion of the Member’s Account is invested in the Company Stock Fund, then the Member may direct the Plan Administrator to divest such Company Stock Fund investment from his or her Account and reinvest an equivalent amount in other Investment Options.

49

ARTICLE VII

VESTING AND FORFEITURES

7.1 Vesting in Match Account. Except as provided in Section 7.2, an Active Participant will be 100 percent vested in his Match Account if:

(a) he is credited with at least 3 years of Service;

(b) he attains age 65 (even if he becomes an Employee after attaining age 65);

(c) he is involuntarily terminated while Disabled;

(d) he dies;

(e) his employment with each Commonly Controlled Entity is terminated and:

(1) such termination is involuntary and results from the sale or other disposition of all or part of an Employer to a person or entity which is not a Commonly Controlled Entity; or as a result of the closing of, or the cessation of operations at, a facility; or

(2) under the terms of a written voluntary or involuntary severance plan of general application duly adopted by the Company, and effective June 1, 2005, regardless of whether a release, as required under such plan, is executed by the Participant; or

(3) such termination is involuntary and a result of the outsourcing of the Participant’s employment function pursuant to an agreement between a Contractor Firm and an Employer;

provided, however, that the expiration or termination of an employment contract between the Employer and Eligible Employee will not be considered an involuntary termination or a severance resulting in full vesting under this Section of the Plan; or

(f) as described in Section 11.1(a), he was ever 100% vested in his Match Account.

7.2 Vesting in Heritage Amoco Match Account.

(a) A Participant with a Heritage Amoco Match Account who does not have a vested interest in such Account in accordance with Section 7.1 above, will have a vested interest in a portion of such Account as determined in accordance with the following schedule:

50

Years of Service	Vested Percentage
Less than 2	0%
2 but less than 3	25%
3 or more	100%

(b) If a withdrawal from a Participant’s Heritage Amoco Match Account has been made to him at a time when he is less than 100 percent vested in such Account balance, the first vesting schedule in Section 7.2(a) will thereafter apply as follows: At any relevant time prior to a forfeiture of any portion thereof under Section 7.4, a Participant’s vested interest in his Heritage Amoco Match Account will be equal to P(AB+W)-W, where P is the Participant’s nonforfeitable percentage at the relevant time; AB is the Heritage Amoco Match Account balance; and W is the sum of all prior withdrawals.

7.3 Vesting in Before-Tax, Roth 401(k), After-Tax, Rollover, and Roth In-Plan Rollover Accounts. A Participant is always 100 percent vested in his Before-Tax, Roth 401(k), After-Tax, Rollover, and Roth In-Plan Rollover Accounts.

7.4 Forfeitures.

(a) If any portion of an Inactive Participant’s Match Account is not vested, such portion will be forfeited as follows:

(1) If the Inactive Participant receives a withdrawal of his entire vested interest in his Account, the non-vested portion of such Account will be forfeited upon the complete withdrawal of such vested interest, subject to the possibility of reinstatement as provided in Section 11.2. For purposes of this subsection (a), if the value of the Inactive Participant’s vested interest in such Account balance is zero, the Inactive Participant will be deemed to have received a withdrawal of his vested interest immediately following his Severance from Service. Provided however, that if the value of an Inactive Participant’s vested interest in his Match Account balance is zero, a Participant will not be deemed to have received a withdrawal of his vested interest in such Account following Severance from Service unless his Before-Tax and Roth 401(k) Accounts are distributed.

(2) The non-vested portion of an Inactive Participant’s Match Account will be forfeited after the Participant has incurred a Break in Service of 7 consecutive 12-month periods. The remaining vested portion of the Participant’s Match Account will be nonforfeitable and segregated from the Participant’s Match Account for so long as the Match Account is not fully vested and such aggregated, vested portion of the Match Account will no longer be subject to this Article if the Inactive Participant subsequently becomes an Active Participant.

51

(b) Notwithstanding any provisions of this Article VII to the contrary, Match Contributions (plus or minus any gains or losses thereon) may be forfeited pursuant to the provisions of Article IV.

(c) Forfeitures may be applied to reduce the Employer’s obligation to make Contributions hereunder or to pay reasonable Plan expenses.

7.5 Application of Former Vesting Schedule. Notwithstanding anything contained herein to the contrary, in the case of a Participant who is not credited with an Hour of Service on or after the Effective Date, the nonforfeitable interest of such Participant in his Match Account will be determined pursuant to the terms of the Plan in effect prior to the Effective Date.

7.6 Vesting in Match Account for Active Participants On and After January 1, 2005. Each Participant who is an Active Participant in the Plan on January 1, 2005, will have a nonforfeitable interest in his Match Account as determined in accordance with the following schedule:

Years of Service	Nonforfeitable Percentage
Less than 2	0%
2 but less than 3	25%
3 or more	100%

7.7 Qualified Military Service. If a Participant dies on or after January 1, 2007 while performing qualified military service (as defined in Code Section 414(u)), the Participant will be 100 percent vested in his Match Account and in his Heritage Amoco Match Account.

52

ARTICLE VIII

PARTICIPANT LOANS

8.1 Participant Loans Permitted. An Active Participant will be eligible for a loan with respect to all of his Accounts pursuant to this Article VIII only to the extent: (i) the Participant will not be in default on the loan under Section 8.9 immediately after the loan is made; and (ii) in the case of a Participant who has previously defaulted on a loan (other than a Participant whose outstanding loan balance was repaid in full in accordance with Section 8.10(c) or who received the defaulted loan in an actual (not deemed) distribution), the defaulted loan (plus interest accrued from the date of the default) has been repaid in full. All loan limits are determined as of the Trade Date as of which the loan is funded. The funds will be disbursed to the Participant as soon as is administratively possible after the next following Settlement Date.

8.2 Loan Funding Limits. The loan amount must be within the following limits:

(a) Plan Maximum Limit. Subject to the legal limit described in (b) below, the maximum a Participant may borrow, including the outstanding balance of existing Plan loans, is 50 percent of the vested portion of his Account, disregarding any amount subject to a QDRO.

(b) Legal Maximum Limit. The maximum a Participant may borrow, including the outstanding balance of existing loans, is based upon the value of his vested interest in this Plan and all other qualified plans maintained by any Commonly Controlled Entity (the “Vested Interest”). The maximum amount is equal to 50 percent of his Vested Interest, not to exceed $50,000. However, the $50,000 amount is reduced by the Participant’s highest outstanding balance of all loans from any Commonly Controlled Entity’s qualified plans during the 12-month period ending on the day before the Trade Date on which the loan is made.

(c) Loan Minimum Limit. The minimum amount a Participant can borrow with respect to each loan at any time is $1,000.

8.3 Maximum Number of Loans. A Participant may have only 2 loans outstanding from the Plan and all other Commonly Administered Plans at any time. Notwithstanding the foregoing, an Eligible Employee who becomes a Participant in the Plan upon a change in employment status may have more outstanding loans transferred to this Plan from a Commonly Administered Plan pursuant to Section 2.9, but may not apply for another loan until such loan(s) cease to be outstanding.

53

8.4 Source of Loan Funding. A loan to a Participant will be made solely from the assets of his own Accounts. The available assets will be determined first by Contribution Account. The hierarchy for loan funding by type of Contribution Account will be determined in accordance with procedures established by the Plan Administrator. Within each Account used for funding, amounts will be taken by Investment Option in direct proportion to the market value of the Participant’s interest in each Investment Option as of the Trade Date on which the loan is made, unless the Participant elects otherwise.

8.5 Interest Rate. A Participant loan shall bear interest at a rate established and communicated by the Plan Administrator to provide the Plan with a rate of return commensurate with prevailing interest rates charged on similar commercial loans by persons in the business of lending money; provided, however, that the interest rate to be charged to a Participant who is on a qualified military leave of absence as described in Section 8.12 will not exceed 6%.

8.6 Repayment. Substantially level amortization will be required of each loan with payments made at least monthly. Loans may be prepaid in full or in part at any time. The loan repayment period will be as mutually agreed upon by the Participant and the Plan Administrator, not to exceed 5 years or 15 years if the loan is used by the Participant to acquire the Participant’s principal residence.

8.7 Reinvestment of Repayments. Loan payments will be invested in Investment Options based upon the Participant’s current Investment Election for that Account except that the current Investment Election in effect for Before-Tax, Roth 401(k), and After-Tax Contributions will also be applied for amounts posted to the Participant’s Match, Roth In-Plan Rollover, QNEC, QMAC, and Rollover Accounts.

8.8 Loan Application, Note, and Security. A Participant must apply for any loan in accordance with the procedures established by the Plan Administrator. The Plan Administrator will administer Participant loans and will specify the time frame for approving loan applications. All loans will be evidenced by a promissory note and security agreement and secured only by up to 50 percent of a Participant’s vested Account balance determined immediately after the origination of the loan. The Plan will have a lien on such portion of a Participant’s Account to the extent of any outstanding loan balance. Each such note will constitute an asset of each of the Accounts from which the source of the loan originated. Likewise, each security agreement will represent a liability of each of the Accounts, but only to the extent that the note constitutes an asset of such Account.

8.9 Default.

(a) A Participant will default on a loan if any of the following events occurs:

(1) the Participant’s death;

(2) the Participant’s failure to make the equivalent of 1 month’s payment of principal and interest on the loan;

54

(3) the Participant misses less than 1 month’s repayment but the loan’s term cannot be extended to recover these repayments without extending its term beyond 5 years;

(4) the Participant’s failure to perform or observe any covenant, duty, or agreement under the promissory note evidencing the loan;

(5) receipt by the Plan of an opinion of counsel to the effect that (i) the Plan will, or could, lose its status as a tax-qualified Plan unless the loan is repaid or (ii) the loan violates, or might violate, any provision of ERISA;

(6) any portion of the Participant’s Account that secures the loan becomes payable to the Participant, his surviving Spouse or Beneficiary, an Alternate Payee, or any other person; or

(7) the termination of the Plan.

8.10 Foreclosure.

(a) If a default on a loan occurs, the Participant, the Participant’s estate, or any other person will have 90 days from the date of the default to pay the entire outstanding balance of the loan to the Plan or may elect to make one partial payment to the Plan to reduce the outstanding balance of the loan. Upon the death of the Participant, payment may only be made by certified check or such other means acceptable to the Plan Administrator.

(b) If full repayment does not happen under Section 8.10(a), the Participant’s nonforfeitable interest in his Account securing the loan will be applied immediately, to the extent lawful, when and to the extent the Participant’s Account is then available for withdrawal in accordance with the applicable provisions of the Plan, to pay the entire outstanding balance of the loan (together with accrued and unpaid interest).

(c) Notwithstanding the foregoing, no portion of the Participant’s Before-Tax or Roth 401(k) Account, or other Accounts which are not available to be withdrawn, will be withdrawn or applied to pay an outstanding loan before the date on which it is otherwise withdrawable under the Plan. In the event of a default and failure to repay under Section 8.10(a), the Plan Administrator will direct the Trustee to report the unpaid balance of the loan (less amounts withdrawn under Section 8.10(b)) as a taxable distribution. To the extent that the Participant’s nonforfeitable interest in his Account securing the loan has not been applied under Section 8.10(b) to pay the entire outstanding balance of the loan (together with accrued and unpaid interest), (i) the loan may be repaid, (ii) the loan will be considered outstanding for purposes of Section 8.3, and (iii) any repayment will be allocated and posted to the Participant’s After-Tax Account and treated as an After-Tax Contribution (other than for purposes of Article IV).

55

(d) Any failure by the Plan Administrator to enforce the Plan’s rights with respect to a default on a loan will not constitute a waiver of such rights either with respect to that default or any other default.

8.11 Spousal Consent. Spousal Consent will not be required for any loan.

8.12 Special Rules Concerning Loan Repayments While on Qualified Military Leave. Notwithstanding anything contained herein to the contrary, if an Employee fails to make one or more loan repayments while he is on a qualified military leave of absence (as defined in accordance with Section 414(u)(5) of the Code), no loan will be deemed to be in default solely as a result of such failure. As of the end of the qualified military leave of absence, the term of any outstanding loan will be extended by the period of the qualified military leave of absence and the outstanding loan balance will be reamortized to reflect interest accrued during such period. If such an extension would, after reamortizing such loan to reflect loan repayments made and interest accrued during such qualified military leave of absence, result in smaller monthly loan repayments than under the terms of the original loan, then the loan term will be extended but only for such time to ensure that monthly loan repayments following the qualified military leave of absence are at least equal to monthly loan repayments under the terms of the original loan. Loans may be prepaid in full or in part at any time.

8.13 Hurricane Disaster Relief. Special loan provisions may apply to a Participant whose principal residence is in a federally-declared disaster area pursuant to procedures adopted by the Plan Administrator.

8.14 CARES Act Loan. Effective March 27, 2020 through September 22, 2020, an Active Participant who is a Coronavirus Qualified Individual (as defined in Section 9.13) is entitled to one additional loan under the Plan known as a “CARES Act Loan.” A CARES Act Loan is subject to the terms of this Article except as follows:

(a) Loan Funding Limits. The loan amount must be within the following limits:

(1) Plan Maximum Limit. Subject to the legal limit described in (2) below, the maximum a Participant may borrow, including the outstanding balance of existing Plan loans, is 100 percent of the vested portion of his Account, disregarding any amount subject to a QDRO.

56

(2) Legal Maximum Limit. The maximum a Participant may borrow, including the outstanding balance of existing loans, is 100 percent of his Vested Interest, not to exceed $100,000. However, the $100,000 amount is reduced by the Participant’s highest outstanding balance of all loans from any Commonly Controlled Entity’s qualified plans during the 12-month period ending on the day before the Trade Date on which the loan is made.

(b) Loan Repayment. The first loan repayment for a CARES Act Loan is due in January 2021.

8.15 CARES Act Loan Deferral. Notwithstanding anything to the contrary herein, a Coronavirus Qualified Individual (as defined in Section 9.13) may elect to defer any loan repayment due March 27, 2020 through December 31, 2020, until January 2021. Interest will continue to accrue on such loans during the period of deferment and repayment amounts will be reamortized immediately prior to the January 2021 reinstatement of repayments.

57

ARTICLE IX

WITHDRAWALS

9.1 Withdrawals from After-Tax Account. By applying to the Plan Administrator in the form and manner prescribed by the Plan Administrator, an Active Participant may elect to withdraw any portion up to the entire value of his After-Tax Account. The withdrawal will be taken first from any After-Tax Contributions made prior to 1987. After pre-1987 After-Tax Contributions are exhausted, such withdrawal will be taken from the balance of the After-Tax Account with a portion of each withdrawal representing a return of After-Tax Contributions in an amount equal to the product of (i) the total withdrawal multiplied by (ii) a fraction, the numerator of which is the Participant’s total After-Tax Contributions remaining in the After-Tax Account, and Rollover Contributions allocated to the After-Tax Rollover Account, prior to the withdrawal and the denominator of which is the value of the balance of the After-Tax Account and After-Tax Rollover Account.

9.2 Withdrawals from Rollover Account and Roth In-Plan Rollover Account. By applying to the Plan Administrator in the form and manner prescribed by the Plan Administrator, an Active Participant may elect to withdraw any portion, up to the entire value of his Rollover Account and/or Roth In-Plan Rollover Account. Any withdrawal from an After-Tax Rollover Account will be taken pursuant to the rules set forth in Section 9.1. Any withdrawal from a Roth In-Plan Rollover Account will be subject to Section 3.8(d). The funds used to finance a withdrawal described in this Section will be derived from the Participant’s Accounts in accordance with procedures established by the Plan Administrator.

9.3 Withdrawals from Match Account.

(a) By applying to the Plan Administrator in the form and manner prescribed by the Plan Administrator, an Active Participant who is fully vested pursuant to Section 7.1 may elect to withdraw any portion, up to the entire value of his Match Account; provided that a fully vested Active Participant who does not have at least 5 Years of Participation may only withdraw Match Contributions that have been in the Plan for at least 2 years. For purposes of determining Years of Participation in the Plan and the amount of time that Match Contributions have been in the Plan, periods of participation and accumulation under another plan may be considered, pursuant to procedures established by the Plan Administrator, in the case of a transfer of assets and liabilities from such plan to the Plan.

(b) By applying to the Plan Administrator in the form and manner prescribed by the Plan Administrator, an Active Participant may elect to withdraw any portion, up to the value of his Heritage Amoco Match Account, minus the greater of:

58

(1) the sum of all Match Contributions made with respect to the Participant during the 24-month period preceding the date of the withdrawal, or

(2) the sum of all Match Contributions made with respect to the Participant in which the Participant would not have a nonforfeitable interest under Article VII if the Participant Severed from Service on the date of the withdrawal.

9.4 Withdrawals from Before-Tax and Roth 401(k) Accounts for Hardship.

(a) Subject to the provisions of this Section, an Active Participant may apply to the Plan Administrator in the form and manner prescribed by the Plan Administrator, for a withdrawal from his Before-Tax and/or Roth 401(k) Account excluding any earnings posted to his Before-Tax and/or Roth 401(k) Account after December 31, 1988; provided that he has first withdrawn the total value of his After-Tax Account, the total value of his Rollover Account, and, to the extent the Participant is vested, the total value of his Match Account pursuant to Sections 9.1, 9.2, and 9.3.

(b) A withdrawal under this Section will be permitted only if the Plan Administrator determines that such withdrawal is (1) on account of a Participant’s “Deemed Financial Need” and (2) “Deemed Necessary” to satisfy the financial need.

A “Deemed Financial Need” will be limited to financial commitments relating to:

(1) costs directly related to the purchase or construction (excluding mortgage payments or balloon payments) of a Participant’s principal residence;

(2) the payment of expenses for medical care described in Section 213(d) of the Code previously incurred by the Participant, the Participant’s Spouse, or any dependents of the Participant (as defined in Section 152 of the Code, and for taxable years beginning on or after January 1, 2005, without regard to Section 152(b)(1), (b)(2), and (d)(1)(B) of the Code) or necessary for those persons to obtain medical care described in Section 213(d) of the Code (determined without regard to whether the expenses exceed 7.5% of adjusted gross income);

(3) payment of tuition and related educational fees and room and board expenses for the next 12 months of post-secondary education for the Participant, his Spouse, children, or dependents (as defined in Section 152 of the Code, and for taxable years beginning on or after January 1, 2005, without regard to Section 152(b)(1), (b)(2), and (d)(1)(B) of the Code);

(4) necessary payments to prevent the eviction of the Participant from his principal residence or the foreclosure on the mortgage of the Participant’s principal residence;

59

(5) the payment of funeral or burial expenses for the Participant’s Spouse or any dependents of the Participant (as defined in Section 152 of the Code, and for taxable years beginning on or after January 1, 2005, without regard to Section 152(b)(1), (b)(2), and (d)(1)(B) of the Code);

(6) the expenses for the repair of damage to the Participant’s principal residence that would qualify for the casualty deduction under Section 165 of the Code (determined without regard to whether the loss exceeds 10% of adjusted gross income); or

(7) the expenses and losses (including loss of income) incurred by the Participant on account of a disaster declared by the Federal Emergency Management Agency (FEMA) under the Robert T. Stafford Disaster Relief and Emergency Assistance Act, Public Law 100-707, provided that the Participant’s principal residence or principal place of employment at the time of the disaster was located in an area designated by FEMA for individual assistance with respect to the disaster.

A withdrawal is “Deemed Necessary” to satisfy the financial need only if all of these conditions are met:

(1) the withdrawal may not exceed the dollar amount needed to satisfy the Participant’s documented financial hardship, plus an amount necessary to pay federal, state, or local income taxes or penalties reasonably anticipated to result from such withdrawal;

(2) the Participant must have obtained all distributions, other than financial hardship distributions, under all plans maintained by any Commonly Controlled Entity; and

(3) the Contribution Dollar Limit for the taxable year immediately following the taxable year in which the financial hardship withdrawal is received will be reduced by the Before-Tax and Roth 401(k) Contributions for the taxable year in which the financial hardship withdrawal is received.

9.5 Withdrawals from Before-Tax Account and Roth 401(k) Account for Other Reasons. By applying to the Plan Administrator in the form and manner prescribed by the Plan Administrator, an Active Participant who has attained age 59 ¹⁄₂ may elect to withdraw any portion, up to the entire value of his Before-Tax Account and Roth 401(k) Account. Effective January 1, 2009, by applying to the Plan Administrator in the form and manner prescribed by the Plan Administrator, a Participant may elect to withdraw any portion, up to the entire value of his Before-Tax or Roth 401(k) Account, as a “qualified reservist distribution” (as defined in Section 72(t)(2)(G)(iii) of the Code).

60

9.6 Partial Withdrawals. By applying to the Plan Administrator in the form and manner prescribed by the Plan Administrator, an Inactive Participant may make a withdrawal from all Accounts of any amount up to the entire vested portion of the value of those Accounts. The funds used to finance a partial withdrawal will be derived from the Participant’s Accounts (exclusive of the Participant’s loans) in accordance with procedures established by the Plan Administrator.

9.7 Withdrawal Processing Rules.

(a) Minimum Amount. There is no minimum amount for any type of withdrawal.

(b) Permitted Frequency. There is no maximum number of withdrawals permitted in any Plan Year.

(c) Application by Participant. A Participant must submit a withdrawal request in accordance with procedures established by the Plan Administrator. A Participant who is not an Employee may make a withdrawal request, even if the Participant is receiving amounts pursuant to a systematic withdrawal plan under Article X.

(d) Approval by Plan Administrator. The Plan Administrator is responsible for determining that a withdrawal request conforms to the requirements described in this Section.

(e) Time of Processing. Except as otherwise provided herein, the Plan Administrator will process all withdrawal requests which it receives by the Sweep Time that relates to the Payment Date, based on the value as of the Trade Date to which it relates, and fund them on the next Settlement Date. The Plan Administrator will then make payment to the Participant as soon thereafter as is administratively possible.

(f) Medium and Form of Payment. The medium of payment for withdrawals is all cash; provided however, a withdrawal may be paid, as directed by the Participant, all in kind to the extent the withdrawal is funded from the Company Stock Fund. The form of payment for all withdrawals will be a single installment.

(g) Investment Option Sources. Within each Account used for funding a withdrawal, amounts will be taken by Investment Option in direct proportion to the market value of the Participant’s interest in each Investment Option (which excludes the Participant’s loans) as of the Trade Date on which the withdrawal is processed, unless the Participant elects a withdrawal from specific Investment Option(s).

61

(h) Direct Rollover. With respect to any cash payment hereunder which constitutes an Eligible Rollover Distribution, a Distributee may direct the Plan Administrator to have such payment paid to an Eligible Retirement Plan pursuant to such procedures established by the Plan Administrator.

(i) Rollover to Roth IRA. Any individual receiving a distribution under this Plan may elect, at the time and in the manner prescribed by the Plan Administrator, to have any portion of such distribution paid directly to a Roth IRA described in Section 408A(b) of the Code; provided, if the distribution is made prior to January 1, 2010, the individual must satisfy the requirements set forth in Section 408A(c)(3)(B) of the Code. The rules set forth in Section 408A(d)(3)(A) shall apply to any distribution from this Plan that is paid directly to a Roth IRA.

(j) Outstanding Loan. Notwithstanding any other provision of this Article IX, the portion of a Participant’s Account that secures a loan to such Participant under Article VIII may not be taken as a withdrawal.

(k) Spousal Consent. Spousal Consent will not be required for any withdrawal.

(l) Required Withdrawals. Notwithstanding any provision of the Plan to the contrary, the Payment Date of the Accrued Benefit of a Participant who is a 5-percent owner (as defined in Section 416 of the Code), will not be later than April 1 following the calendar year in which the Participant attains age 73 (or age 72 for distributions required to be made on or before December 31, 2022 and after December 31, 2019; or age 70 ¹⁄₂ for distributions required to be made on or before December 31, 2019) (with required withdrawals to be made by each December 31 thereafter) and will comply with the requirements of Section 401(a)(9) of the Code and the Treasury Regulations promulgated thereunder. If a Participant dies before his required beginning date under Section 401(a)(9) of the Code, distribution of the Participant’s vested Accounts will be made in accordance with procedures established by the Plan Administrator, and subject to an applicable election, by December 31 of the year in which the fifth anniversary of the Participant’s death occurs. With respect to distributions under the Plan made for calendar years beginning on or after January 1, 2001, the Plan will apply the minimum distribution requirements of Section 401(a)(9) of the Code in accordance with the regulations under Section 401(a)(9) of the Code that were proposed on January 17, 2001, notwithstanding any provision of the Plan to the contrary. This provision will continue in effect until the end of the last calendar year beginning before the effective date of the final regulations under Section 401(a)(9) of the Code or such other date as may be specified in guidance published by the Internal Revenue Service.

9.8 Hierarchy. Except in the case of a withdrawal from a specific Account pursuant to and only to the extent permitted by Sections 9.1, 9.2, 9.3, 9.4, or 9.5, the funds used to finance a withdrawal described in Section 9.6 will be derived from the Participant’s Accounts (exclusive of the Participant’s loans) in accordance with procedures established by the Plan Administrator.

62

9.9 Alternate Payees and Beneficiaries. See Section 5.3 for the application of the provisions of this Article IX to Alternate Payees and Beneficiaries. In the event of a Participant’s death, see Article XII for the rules regarding the timing and form of distributions following such Participant’s death.

9.10 Hurricane Disaster Relief. Special withdrawal provisions may apply to a Participant whose principal residence is in a federally-declared disaster area pursuant to procedures adopted by the Plan Administrator.

9.11 2009 Minimum Required Distributions. Notwithstanding anything in this Plan to the contrary, a Participant or Beneficiary who would have been required to receive required minimum distributions for 2009 but for the enactment of Section 401(a)(9)(H) of the Code (“2009 RMDs”), and who would have satisfied that requirement by receiving distributions that are (1) equal to the 2009 RMDs or (2) one or more payments in a series of substantially equal distributions (that include the 2009 RMDs) made at least annually and expect to last for the life (or life expectancy) of the Participant, the joint lives (or joint life expectancy) of the Participant and the Participant’s designated Beneficiary, or for a period of at least 10 years (“Extended 2009 RMDs”), will not receive those distributions for 2009 unless the Participant or Beneficiary chooses to receive such distributions. Participants and Beneficiaries described in the preceding sentence may request to receive distributions described in the preceding sentence. In addition, notwithstanding anything in this Plan to the contrary and solely for purposes of applying the Direct Rollover provisions of the Plan, 2009 RMDs and Extended 2009 RMDs will be treated as Eligible Rollover Distributions.

9.12 2020 Minimum Required Distributions. Notwithstanding anything in this Plan to the contrary, a distribution which is required to be made to a Participant or Beneficiary in calendar year 2020 by reason of a required beginning date occurring in such calendar year and such distribution not having been made before January 1, 2020 (“2020 RMDs”), and which such Participant or Beneficiary has not elected to receive in installments will not be distributed for 2020 unless the Participant or Beneficiary requests to receive such distribution. If a Participant or Beneficiary has elected to receive required minimum distributions in installments, the 2020 RMD will be distributed for 2020 unless the Participant or Beneficiary requests not to receive such distribution. In addition, notwithstanding anything in this Plan to the contrary and solely for purposes of applying the Direct Rollover provisions of the Plan, 2020 RMDs will be treated as Eligible Rollover Distributions in accordance with Code Section 401(a)(9) and applicable regulations and rules thereunder.

63

9.13 Coronavirus-Related Distributions. An Active Participant who is a Coronavirus Qualified Individual may apply to the Plan Administrator in the form and manner prescribed by the Plan Administrator to take a Coronavirus-Related Distribution (“CRD”) from his Account, as provided for under Section 2202 of the Coronavirus Aid, Relief, and Economic Security Act or “CARES Act.” The maximum aggregate amount of CRDs that may be made to a Coronavirus Qualified Individual under this Plan and all plans maintained by the Company or by a Commonly Controlled Entity is $100,000, and the Coronavirus Qualified Individual is responsible for ensuring that such maximum amount is not exceeded. Code Section 72(t) shall not apply to a CRD. Repayments of CRDs are permitted in accordance with Section 2202 of the CARES Act.

A “Coronavirus Qualified Individual” is an individual:

(a) who is diagnosed with the virus SARS-CoV-2 or with coronavirus disease 2019 (referred to herein as “COVID-19”) by a test approved by the Centers for Disease Control and Prevention (including a test authorized under the Federal Food, Drug, and Cosmetic Act);

(b) whose spouse or dependent (as defined in Code Section 152) is diagnosed with COVID-19 by such a test; or

(c) who experiences adverse financial consequences as a result of:

(1) the individual being quarantined, being furloughed or laid off, or having work hours reduced due to COVID-19;

(2) the individual being unable to work due to lack of child care due to COVID-19;

(3) closing or reducing hours of a business owned or operated by the individual due to COVID-19;

(4) the individual having a reduction in pay (or self-employment income) due to COVID-19 or having a job offer rescinded or start date for a job delayed due to COVID-19;

(5) the individual’s spouse or a member of the individual’s household being quarantined, being furloughed or laid off, or having work hours reduced due to COVID-19, being unable to work due to a lack of childcare due to COVID-19, having a reduction in pay (or self-employment income) due to COVID-19, or having a job offer rescinded or start date for a job delayed due to COVID-19;

64

(6) closing or reducing hours of a business owned or operated by the individual’s spouse or a member of the individual’s household due to COVID-19; or

(7) other factors as determined by the Secretary of the Treasury (or the Secretary’s delegate).

For purposes of this Section, a member of the individual’s household is someone who shares the individual’s principal residence.

The Plan Administrator may rely on an individual’s certification that the individual satisfies the definition of a “Coronavirus Qualified Individual.

65

ARTICLE X

ADDITIONAL OPTIONAL FORMS OF BENEFIT

FOR AN INACTIVE PARTICIPANT

10.1 Request for Withdrawal of Benefits.

(a) Request for Withdrawal. Subject to the other requirements of this Article, an Inactive Participant may elect to have all of his vested Accrued Benefit paid to him beginning upon any Settlement Date following his Severance from Service (and prior to a Reemployment Date) in a form of payment allowed hereunder.

(b) Failure to Request Withdrawal. If an Inactive Participant fails to submit a withdrawal request in accordance with procedures established by the Plan Administrator by the last Payment Date permitted under this Article, his vested Accrued Benefit will be valued as of the Valuation Date which immediately precedes such latest date of withdrawal (the “Default Valuation Date”) and a notice of such withdrawal will be issued to his last known address as soon as administratively possible. If the Participant does not respond to the notice or cannot be located, his vested Accrued Benefit determined on the Default Valuation Date will be treated as a forfeiture. If the Participant subsequently files a claim, the amount forfeited (unadjusted for gains and losses) will be reinstated to his Accounts and distributed as soon as administratively possible, and such payment will be accounted for by charging it against the forfeiture account or, to the extent the forfeiture account is insufficient, by a contribution from the Employer of the affected Inactive Participant.

10.2 Deadline for Withdrawal.

(a) Required Commencement at Retirement. A Participant must make a request for payment before payment must commence under this subsection (a). In addition to any other Plan requirements and unless the Inactive Participant elects otherwise, or cannot be located, but subject to the preceding sentence, the Payment Date of an Inactive Participant’s vested Accrued Benefit will be not later than 60 days after the latest of the close of the Plan Year in which: (i) the Participant attains the earlier of age 65 or his Normal Retirement Date; (ii) occurs the tenth anniversary of the Plan Year in which the Inactive Participant commenced participation in the Plan; or (iii) the Participant had a Severance from Service. However, if the amount of the payment or the location of the Inactive Participant (after a reasonable search) cannot be ascertained by that deadline, payment will be made no later than 60 days after the earliest date on which such amount or location is ascertained.

66

(b) Minimum Required Distributions. In any case, the Payment Date of the Accrued Benefit of a Participant (i) who is not an Employee, or (ii) who is an Employee and who is a 5-percent owner (as defined in Section 416 of the Code), will not be later than April 1 following the calendar year in which the Participant attains age 73 (or age 72 for distributions required to be made on or before December 31, 2022 and after December 31, 2019; or age 70 ¹⁄₂ for distributions required to be made on or before December 31, 2019) (with required distributions to be made by each December 31 thereafter) and will comply with the requirements of Section 401(a)(9) of the Code and the Treasury Regulations promulgated thereunder. With respect to distributions under the Plan made for calendar years beginning on or after January 1, 2001, the Plan will apply the minimum distribution requirements of Section 401(a)(9) of the Code in accordance with the regulations under Section 401(a)(9) of the Code that were proposed on January 17, 2001, notwithstanding any provision of the Plan to the contrary. This provision will continue in effect until the end of the last calendar year beginning before the effective date of the final regulations under Section 401(a)(9) of the Code or such other date as may be specified in guidance published by the Internal Revenue Service. If a Participant dies before the Participant’s required beginning date as described under Section 401(a)(9) of the Code, distribution of the Participant’s vested Accounts will be made in accordance with procedures established by the Plan Administrator, and subject to an applicable election, by December 31 of the year in which the fifth anniversary of the Participant’s death occurs, as provided in Section 401(a)(9)(B)(ii) of the Code, regardless of whether the Participant has designated a Beneficiary.

10.3 Payment Form and Medium.

(a) An Inactive Participant’s vested Accrued Benefit may be paid:

(1) in the form of a single sum, or

(2) under a systematic withdrawal plan (installments) permitted under the Plan.

Within each Account used for funding a withdrawal, amounts will be taken by Investment Option in direct proportion to the market value of the Participant’s interest in each Investment Option at the Trade Date for which the distribution is made, unless the Participant elects a withdrawal from specific Investment Option(s).

(b) Payments will be made in cash; alternatively, to the extent the withdrawal is funded from the Company Stock Fund, the Inactive Participant can elect to receive payment in whole shares of Company Stock or a combination of whole shares and cash.

67

(c) All withdrawals pursuant to Section 10.3(a)(2) will be made exclusively in cash in accordance with the following rules:

(1) The funds used to finance the withdrawal will be derived from the Inactive Participant’s Account (exclusive of the Participant’s loans) in accordance with procedures established by the Plan Administrator.

(2) Within each Account used for funding a withdrawal, amounts will be taken in direct proportion to the market value of the Participant’s interest in each Investment Option at the Trade Date on which the withdrawal is made.

(d) An Inactive Participant who is receiving withdrawals pursuant to Section 10.3(a)(2) may elect to accelerate payments, receive a lump-sum distribution of the remainder of his Accounts, or to receive a withdrawal under Article IX.

10.4 Small Amounts Paid Immediately. If an Inactive Participant’s vested Accrued Benefit is $5,000 or less (or such larger amount as may be specified in Section 411(a)(11) of the Code) at any time, including after withdrawals (except installment payments) have commenced, the Inactive Participant’s Accrued Benefit will be paid as a single sum as soon as administratively possible, pursuant to such procedures as may be established by the Plan Administrator. In the event of a mandatory distribution greater than $1,000 in accordance with the provisions of this Section, determined considering Roth 401(k) Accounts and all other Accounts separately, if the Participant does not elect to have such distribution paid directly to an eligible retirement plan specified by the Participant in a direct rollover or to receive the distribution directly in accordance with this Section, then the Plan Administrator will pay the distribution in a direct rollover to an individual retirement plan designated by the Plan Administrator.

10.5 Payment Within Life Expectancy. An Inactive Participant’s payment election must be consistent with the requirement of Section 401(a)(9) of the Code that all payments are to be completed within a period not to exceed the lives or the joint and last survivor life expectancy of the Inactive Participant and his Beneficiary. The life expectancies of an Inactive Participant and his Beneficiary may be recalculated annually. If the Inactive Participant does not properly notify the Plan Administrator regarding whether life expectancies will be recalculated annually, they will not be. A single life expectancy will be used if the Inactive Participant does not properly notify the Plan Administrator regarding the period to be used. The elections regarding the life expectancy or expectancies to be used with respect to an Inactive Participant’s payment election and the extent to which recalculation will apply will be irrevocable.

68

10.6 Incidental Benefit Rule. The Participant’s payment election must be consistent with the requirement that, if the Participant’s Spouse is not his sole primary Beneficiary, the minimum annual distribution for each calendar year, beginning with the year in which he attains age 73 (or age 72 for distributions required to be made before December 31, 2022 and after December 31, 2019; or age 70 ¹⁄₂ for distributions required to be made on or before December 31, 2019), will not be less than the quotient obtained by dividing (i) the Inactive Participant’s vested Accrued Benefit as of the last Trade Date of the preceding year by (ii) the applicable divisor as determined under the incidental benefit requirements of Section 401(a)(9) of the Code.

10.7 Continued Payment of Amounts in Payment Status on Effective Date. Any person who became an Inactive Participant on the Effective Date only because he had an Accrued Benefit and who had commenced to receive payments prior to the Effective Date will continue to receive such payments in the same form and payment schedule under this Plan.

10.8 Direct Rollover. With respect to any cash payment hereunder which constitutes an Eligible Rollover Distribution, a Distributee may direct the Plan Administrator to have such payment paid to an Eligible Retirement Plan.

10.9 Delay. Notwithstanding any other provision of the Plan, a payment will not be considered to be made after the applicable Payment Date merely because actual payment is reasonably delayed for the calculation and/or distribution of the benefit amount, or to ascertain the location of the payee, if all payments due are actually made.

10.10 Alternate Payees and Beneficiaries. See Section 5.3 for the application of the provisions of this Article X to Alternate Payees and Beneficiaries. In the event of a Participant’s death, see Article XII for the rules regarding the timing and form of distributions following such Participant’s death.

10.11 Participants Performing Service in the Uniformed Services. For purposes of this Article X, a Participant shall be treated as having a Severance from Service during any period the Participant is performing service in the uniformed services described in Code Section 3401(h)(2)(A). If a Participant elects to receive a distribution by reason of the preceding sentence, the Participant may not make Before-Tax, Roth 401(k), or After-Tax Contributions during the 6-month period beginning on the date of distribution. If a Participant receives a distribution that meets the requirements of a qualified reservist distribution under Section 9.5, the distribution will be treated as a qualified reservist distribution under Section 9.5, even if the distribution would also have been permitted as a result of a deemed Severance from Service under this Section.

69

ARTICLE XI

REEMPLOYMENT

11.1 Break in Service Rules.

(a) Subject to subsection (b), a Participant who is at least partially vested in his Account will always have all periods of Service recognized under the Plan for vesting purposes, regardless of the length of any Break in Service. Notwithstanding anything in subsection (b) to the contrary, any Participant who was fully vested in his Account will, upon reemployment, be fully vested in his Account, regardless of his period of Service recognized under the Plan or regardless of the length of any Break in Service.

(b) If an Inactive Participant returns to employment as an Employee at a time after he has incurred a Break in Service of at least 7 consecutive 12-month periods, upon his Reemployment Date with any Commonly Controlled Entity, his Service earned after such Break in Service will be disregarded for purposes of determining the Participant’s vested interest in his Account attributable to employment before such Break in Service.

(c) If an Inactive Participant who is not at least partially vested in his Account returns to employment as an Employee at a time after he has incurred a Break in Service of at least 1 12-month period, but less than 7 consecutive 12-month periods, the period of such Break in Service will be excluded in determining such Employee’s Service.

(d) If an Inactive Participant who is not at least partially vested in his Account returns to employment as an Employee at a time after he has incurred a Break in Service of at least 7 consecutive 12-month periods, upon his Reemployment Date his Service earned prior to such Break in Service will be disregarded for all purposes.

11.2 Restoration of Forfeited Amounts.

(a) If a Participant forfeits any portion of his Account under Section 7.4(a) because of the withdrawal of his complete vested interest in his Accounts after January 1, 2002, but again becomes an Employee before the date he incurs a Break in Service of at least 7 consecutive 12-month periods, then the amount so forfeited, without any adjustment for the earnings, expenses, losses, or gains of the assets credited to his Accounts since the date forfeited, will be recredited to his Accounts. The amount to be recredited pursuant to this paragraph will be accounted for by charging it against the forfeiture account or, to the extent the forfeiture account is insufficient, by a contribution from the Employer of the affected Participant.

70

(b) A Heritage BP Participant who Severed from Service while under the BP America CAP prior to April 7, 2000, and who subsequently has a Reemployment Date after April 7, 2000, within 7 years of such Severance from Service will have any forfeited amount restored to his Match Account, adjusted as though such amounts had been invested in the Investment Option designated by the Investment Committee as the income fund Investment Option, or, if none, the short-term investment fund Investment Option since the date forfeited and invested in accordance with the Participant’s new Investment Election for Before-Tax, Roth 401(k), and After-Tax Contributions. However, if such a Participant had received a distribution of part or all of his Accounts, he must repay, in cash, the full amount of such distribution on or before his final repayment date before any such forfeited amount will be restored to his Accounts and invested in accordance with the Participant’s Investment Election for Before-Tax, Roth 401(k), and After-Tax Contributions. In this case, no interest will be accrued on such forfeited amount from the time of the distribution until the time the distribution is repaid. For purposes of repaying the distribution amounts the “final repayment date” will be 5 years after his Reemployment Date. Amounts previously forfeited after a Break in Service of at least 7 consecutive 12-month periods will not be restored.

(c) A Heritage Amoco Participant who Severed from Service while under AESP prior to April 7, 2000, and subsequently has a Reemployment Date after April 7, 2000, within 7 years of such Severance from Service will have any forfeited amount, without any adjustment for the earnings, expenses, losses, or gains of the assets allocated to his Accounts since the date forfeited, restored to his Match Account and invested in accordance with the Participant’s new Investment Election for Before-Tax, Roth 401(k), and After-Tax Contributions. Amounts previously forfeited after a Break in Service of at least 7 consecutive 12-month periods will not be restored.

(d) Notwithstanding the foregoing paragraph (c), a Heritage Amoco Participant who Severed from Service while under AESP prior to April 7, 2000, and had a Break in Service of at least 5 consecutive years prior to April 7, 2000 (determined under the terms of AESP as in effect immediately prior to April 7, 2000), will not have any forfeited amount restored to his Match Account.

71

ARTICLE XII

DISTRIBUTION OF ACCRUED BENEFITS ON DEATH

12.1 Payment to Beneficiary. In the case of a Participant’s death, distribution of the Participant’s vested Accounts will be made in accordance with procedures established by the Plan Administrator, and subject to an applicable election, by December 31 of the year in which the fifth anniversary of the Participant’s death occurs.

12.2 Small Amounts Paid Immediately. If a Beneficiary’s vested Accrued Benefit is $1,000 or less at any time, including after payments hereunder have commenced, the Beneficiary’s Accrued Benefit will be paid as a single sum, pursuant to such procedures as may be established by the Plan Administrator.

12.3 Beneficiary Designation.

(a) Each Participant may designate the Beneficiary who is to receive the Participant’s remaining Plan interest at his death. The Participant may change his designation of Beneficiary by filing a new designation with the Plan Administrator. Notwithstanding any designation to the contrary, the Participant’s Beneficiary will be the Participant’s surviving Spouse, unless such designation includes Spousal Consent. In the absence of Spousal Consent, a Participant will be deemed to have designated his surviving Spouse as his Beneficiary unless and to the extent that such designation is inconsistent with a QDRO. If the Participant dies leaving no Spouse and either (1) the Participant failed to file a valid Beneficiary designation, or (2) all persons designated as Beneficiary have predeceased the Participant, the Plan Administrator will have the Trustee distribute such Participant’s Accrued Benefit in a single sum to his estate by December 31 of the year in which the fifth anniversary of the Participant’s death occurs.

(b) Subject to the provisions of this Section, a Participant may designate a Beneficiary under the Plan at any time by making the designation in the form and manner and at the time determined by the Plan Administrator. No such designation will be effective until and unless it is received by the Plan Administrator.

(c) Subject to the provisions of this Section, a Participant may revoke a prior designation of a Beneficiary at any time by making the revocation in the form and manner and at the time determined by the Plan Administrator. No such revocation will be effective until and unless it is received by the Plan Administrator.

(d) Subject to the provisions of this Section, if a Participant designates his Spouse as his Beneficiary, except to the extent required by applicable law, that designation will not be revoked or otherwise altered or affected by any:

72

(1) change in the marital status of the Participant and such Spouse,

(2) agreement between the Participant and such Spouse.

(e) If a Participant designates his Spouse as his Beneficiary, and the Plan Administrator receives a QDRO with respect to the divorce of the Participant and such Spouse, such Spouse will cease to be the Participant’s Beneficiary unless and until the Participant again designates his Spouse as his Beneficiary in accordance with the provisions of this Section, except to the extent otherwise provided in the QDRO.

(f) A Participant’s Beneficiary may not be changed following the Participant’s death, including, but not limited to, by a disclaimer otherwise valid under applicable law.

12.4 Direct Rollover. With respect to any cash payment hereunder which constitutes an Eligible Rollover Distribution, a Distributee may direct the Plan Administrator to have such payment paid to an Eligible Retirement Plan.

12.5 Alternate Payees and Beneficiaries. See Section 5.3 for the application of the provisions of this Article XII to Alternate Payees and Beneficiaries. Notwithstanding anything herein to the contrary, the death of a Beneficiary will not extend the time period described in Section 12.1 with respect to the Beneficiary of such Beneficiary, if any.

12.6 Heroes Earnings Assistance and Relief Tax Act of 2008 (“HEART Act”). In the case of a Participant who dies on or after January 1, 2007 while performing qualified military service (as defined in Code Section 414(u)), the Beneficiaries of the Participant are entitled to any additional benefit (other than benefit accruals relating to the period of qualified military service, unless otherwise specifically provided for in the Plan) provided under the Plan had the Participant resumed and then terminated employment on account of death, including any accelerated vesting.

73

ARTICLE XIII

TRUST ARRANGEMENT

13.1 Trust Agreement. A Designated Officer may enter into one or more Trust Agreements to provide for the holding, investment, and payment of Plan assets. All Trust Agreements, as from time to time amended, will continue in force and will be deemed to form a part of the Plan. Subject to the requirements of the Code and ERISA, the Plan Administrator may cause assets of the Plan which are securities to be held in the name of a nominee or in street name provided such securities are held on behalf of the Plan by:

(a) a bank or trust company that is subject to supervision by the United States or a State, or a nominee of such bank or trust company;

(b) a broker or dealer registered under the Securities Exchange Act of 1934, or a nominee of such broker or dealer; or

(c) a “clearing agency” as defined in Section 3(a)(23) of the Securities Exchange Act of 1934, or its nominee.

13.2 Separate Entity. The Trust Fund under this Plan from its inception will be a separate entity aside and apart from the Employers or their assets, and the corpus and income thereof will in no event and in no manner whatsoever be subject to the rights or claims of any creditor of any Employer.

13.3 Plan Asset Valuation. As of the Valuation Time each Business Day, the value of the Plan’s assets held or posted to an Investment Option will be determined.

13.4 Right of Employers to Plan Assets. The Employers will have no right or claim of any nature in or to the assets of the Plan except the right to require the Trustee to hold, use, apply, and pay such assets in its possession in accordance with the Plan for the exclusive benefit of the Participants or their Beneficiaries and for defraying the reasonable expenses of administering the Plan; provided, that:

(a) if the Plan receives an adverse determination with respect to its initial qualification under Sections 401(a), 401(k), and 401(m) of the Code, Contributions conditioned upon the qualification of the Plan will be returned to the appropriate Employer within 1 year of such denial of qualification; provided, that the application for determination of initial qualification is made by the time prescribed by law for filing the respective Employer’s return for the taxable year in which the Plan is adopted, or by such later date as is prescribed by the Secretary of the Treasury under Section 403(c)(2)(B) of ERISA;

74

(b) if, and to the extent that, deduction for a Contribution under Section 404 of the Code is disallowed, Contributions conditioned upon deductibility will be returned to the appropriate Employer within 1 year after the disallowance of the deduction;

(c) if, and to the extent that, a Contribution is made through mistake of fact, such Contribution will be returned to the appropriate Employer within 1 year of the payment of the Contribution; and

(d) any amounts held suspended pursuant to the limitations of Section 415 of the Code will be returned to the Employers upon termination of the Plan.

All Contributions made hereunder are hereby expressly conditioned upon the Plan being qualified under Sections 401(a), 401(k), and 401(m) of the Code and a deduction being allowed for such contributions under Section 404 of the Code. Before-Tax or Roth 401(k) Contributions returned to an Employer pursuant to this Section will be paid to the Participant for whom contributed as soon as administratively convenient. If these provisions result in the return of Contributions after such amounts have been allocated to Accounts, such Accounts will be reduced by the amount of the allocation attributable to such amount, adjusted for any losses or expenses.

75

ARTICLE XIV

ADMINISTRATION

14.1 Plan Governance.

(a) Authority. BP Corporation North America Inc., through the authority vested in its Board of Directors, has amended the Plan, thereby:

(1) enabling the Appointing Officer to have the authority or discretion to act, to the extent provided in the Plan or Trust, on behalf of the Plan or Trust, but not on behalf of the Company; and

(2) establishing the Plan Administrator and enabling the Plan Administrator to have the authority or discretion to act, to the extent provided in the Plan or Trust, on behalf of the Plan or Trust, but not on behalf of the Company.

(b) Designated Officer Acting on Behalf of the Company. A Designated Officer acting on behalf of the Company has all powers necessary or incidental to act as an Employer and all powers necessary or incidental to carrying out the duties and rights assigned by the Plan to the Designated Officer acting on behalf of the Company or as may be granted to him, from time to time, by the Board of Directors of BP Corporation North America Inc. By way of illustration and not limitation, these powers will include the power to:

(1) amend the Plan in any manner;

(2) determine what expenses, if any, relating to the operation and administration of the Plan and the investment of Plan assets, will be paid from Employer assets, subject to applicable law;

(3) establish such policies and make such delegations or designations as may be necessary or incidental to the Designated Officer’s authority and control over the Plan acting on behalf of the Company;

(4) retain, monitor, and terminate such service providers and advisors as are considered appropriate to perform Employer activities with respect to the Plan and to delegate any of his duties, as appropriate, to such service providers and advisors; to determine appropriate fees for such service providers and advisors; and to ensure that appropriate contracts (under terms acceptable to the Designated Officer acting on behalf of the Company) are signed and in place with such service providers and advisors;

76

(5) consult with legal counsel, independent consulting or evaluation firms, accountants, actuaries, or other advisors, as necessary, to perform his functions;

(6) add a corporation or business entity as an Employer and remove such corporation or entity as an Employer, on such terms and in such manner as the Designated Officer acting on behalf of the Company in his discretion may determine; and

(7) take any other actions he deems necessary, incidental, or desirable to the performance of his duties as Designated Officer acting on behalf of the Company, including the power to delegate that power to any person.

(c) Plan Administrator Authority. The Plan Administrator’s authority and responsibilities include, but are not limited to, the absolute discretionary authority to:

(1) construe, interpret, and apply the provisions of the Plan or Trust, including a determination of who is eligible to be a Participant or is otherwise eligible for coverage under the Plan, subject only to the terms and conditions of the Plan and including the authority to remedy, resolve, and clarify any omissions, ambiguities, or inconsistencies in the provisions of the Plan or between the Plan and other related documents;

(2) appoint and compensate such specialists (including attorneys, actuaries, consultants, accountants, and claims administrators) to aid in the administration of the Plan or Trust, and arrange for such other services, as the Plan Administrator considers necessary, appropriate, or desirable in carrying out the provisions of the Plan or Trust;

(3) appoint and compensate an independent outside accountant to conduct such audits of the financial statements of the Plan or Trust as the Plan Administrator considers necessary, appropriate, or desirable;

(4) execute on behalf of the Plan or Trust, benefit agreements, or other contracts which are legally enforceable and binding on the Plan, subject to ERISA;

(5) establish, formulate, adopt, issue, apply, and interpret procedures and rules and change, alter, or amend such procedures and rules in accordance with law and as may be consistent with the terms of the Plan or Trust;

(6) be a final appeals fiduciary under ERISA Section 503, to make a final determination, based upon the information known to the Plan Administrator within the scope of his authority or discretion as the Plan Administrator, based upon determinations made and such other information made available from an Employer;

77

(7) settle or compromise any litigation against the Plan or Trust or a fiduciary with respect to which the Plan has a claim filed against it or an indemnity obligation to a third party;

(8) delegate authority or discretion to a fiduciary pursuant to the procedures herein;

(9) take actions related to ERISA’s notice, consent, and disclosure provisions, including all communications with Participants and Beneficiaries regarding Plan administration, Investment Options, and all other Plan or Trust related topics;

(10) take actions to correct any Plan-related operational or document errors;

(11) determine whether and how any forfeitures shall be used, in accordance with the terms of the Plan and applicable law;

(12) handle contributions, enrollments, and calculations under the Plan;

(13) determine whether benefits should be paid; and

(14) take any other actions necessary, incidental, or desirable to the performance of the authority or discretion of the Plan Administrator.

(d) Procedures for Identification of a Named Fiduciary.

(1) Procedure for Identification. Subject to subsection (d)(2), the Appointing Officer acting on behalf of the Company may from time to time identify a person to be a Named Fiduciary by (i) amending the Plan or Trust to specify in the Plan or Trust document (I) the name or position of the person identified and (II) the authority or discretion with respect to which the person will be a Named Fiduciary; or (ii) referencing a benefit agreement as a means for specifying the authority or discretion with respect to which such person will be a Named Fiduciary, in which case the Appointing Officer acting on behalf of the Company may make such identification under this clause (ii) by use of an Exhibit to the Plan or Trust or such other method of taking action as such Appointing Officer acting on behalf of the Company may select.

78

No person who is identified as a Named Fiduciary hereunder must consent to such designation or identification nor is it necessary for the Appointing Officer acting on behalf of the Company to seek such person’s or entity’s acquiescence. The authority or discretion which a Named Fiduciary identified hereunder may have, is several and not joint with the Plan Administrator or Investment Committee or any other Named Fiduciary and the identification of such Named Fiduciary will result in the Plan Administrator or Investment Committee or other Named Fiduciary no longer being a Named Fiduciary with respect to, nor having any longer, such authority or discretion. On and after the identification of a person as a Named Fiduciary, neither the Plan Administrator or Investment Committee nor any other Named Fiduciary with respect to the Plan or Trust, will have any liability for the acts (or failure to act) of any such identified Named Fiduciary except to the extent of its co-fiduciary duty under ERISA.

(2) No Identification of Employer. Notwithstanding the procedure set forth in (1), the Appointing Officer may not identify an Employer (or its board of directors, officers, or employees) as a Named Fiduciary, except by making any of them a Plan Administrator or a member of the Investment Committee.

(e) Compensation. The Plan Administrator and the Investment Committee, acting as a Named Fiduciary, serve without compensation for their services as such.

(f) Allocations and Delegations of Fiduciary Responsibility.

(1) Delegations. Subject to subsection (f)(4), each Named Fiduciary may (i) delegate fiduciary responsibilities, other than trustee responsibilities as described in Section 405(c)(3) of ERISA unless the delegation is to an investment manager as defined in Section 3(38) of ERISA, to persons it designates, and (ii) make a change of delegated responsibilities. Each such delegation will either (i) if it relates to an individual employed by an Employer, specify the delegated person by name or by office and describe the authority or discretion delegated to such individual, or (ii) use a benefit agreement with such person as a means for specifying the authority or discretion delegated to such person. The Plan Administrator or Investment Committee acting as a Named Fiduciary may make such delegations by use of an Exhibit to the Plan or such other method of taking such action which the Plan Administrator or Investment Committee acting as a Named Fiduciary may select. No person, other than an investment manager (as defined in Section 3(38) of ERISA), to whom fiduciary responsibility has been properly delegated, must consent to being a fiduciary nor will it be necessary for the delegating Named Fiduciary to seek such person’s acquiescence; however, where such person has not signed a contract, he or she must be given notification of the services to be performed. The

79

authority or discretion any person who is properly delegated fiduciary responsibilities hereunder may have is several and not joint with each other fiduciary, including the delegating Named Fiduciary. A permissible delegation of fiduciary responsibility which is not implemented in the manner set forth herein is not void; however, whether the delegating Named Fiduciary has joint liability for acts of such person will be determined by applicable law.

(2) Allocations. Subject to subsection (f)(4), the Appointing Officer acting on behalf of the Company may allocate fiduciary responsibilities to a Named Fiduciary when it identifies such Named Fiduciary in the manner described in section (d). The Appointing Officer may allocate or reallocate fiduciary responsibilities, other than trustee responsibilities described in Section 405(c)(3) of ERISA, among Named Fiduciaries. Each such allocation must either (i) if it relates to an individual employed by an Employer, specify the allocated person by name or by office and describe the authority or discretion allocated to such individual, or (ii) use an Appointing Officer as a means for specifying the authority or discretion allocated to such person. The Appointing Officer may make such allocations by use of an Exhibit to the Plan or such other method of taking such action which the Appointing Officer may select. No person to whom fiduciary responsibility has been properly allocated must consent to being a fiduciary nor is it necessary for the allocating Named Fiduciary to seek such person’s acquiescence; however, where such person has not signed a contract, he must be given notification of the services to be performed. The authority or discretion any person who is properly allocated fiduciary responsibilities hereunder may have is several and not joint with each other fiduciary, including the allocating Named Fiduciary. A permissible allocation of fiduciary responsibility which is not implemented in the manner set forth herein is not void; however, whether the allocating Named Fiduciary has joint liability for acts of such person will be determined by applicable law.

(3) Limit on Liability. The allocation and delegation of fiduciary duties and responsibilities pursuant to the terms of this Plan are intended to limit the liability of the Plan Administrator or Investment Committee acting as a Named Fiduciary in accordance with the provisions of Section 405(c) of ERISA.

(4) No Delegation or Allocation to Employer. Notwithstanding the procedures set forth in (1) or (2) above, a Named Fiduciary may not delegate or allocate authority or discretion to the Company, any Employer, or their respective boards of directors, officers, or employees, except a delegation from, or an allocation among, the Plan Administrator or the members of the Investment Committee.

80

(g) Misrepresentations. The Plan Administrator acting as a Named Fiduciary may, but is not required to, rely upon any certificate, statement, or other representation made to it by an Employee, Participant, other Named Fiduciary, or other individual or personal representative thereof with respect to any fact. Any such certificate, statement, or other representation will be conclusively binding upon such Employee, Participant, other Named Fiduciary, or other individual, personal representative, heir, or assignee thereof (but not upon the Plan Administrator), and any such person will thereafter be estopped from disputing the truth of any such certificate, statement, or other representation.

(h) Records. The regularly kept records of any Named Fiduciary or Employer may be relied upon conclusively by the Plan Administrator acting as a Named Fiduciary.

(i) Plan Expenses. All expenses of the Plan which have been approved by the Plan Administrator may be paid by the Trust except to the extent paid by the Employer. If paid by the Employer, such Employer may, if authorized by the Designated Officer, seek reimbursement of such expenses from the Trust; provided, however, that if the Employer is seeking reimbursement 60 days or more after the payment was made, the payment will be made pursuant to a written agreement in accordance with Department of Labor Prohibited Transaction Exemption 80-26, as amended.

(j) Fiduciary Capacity. Any person or group of persons may serve in more than one fiduciary capacity with respect to the Plan.

(k) Company’s Agent. The Designated Officer may act as agent for each Employer.

(l) Plan Administrator. The Plan Administrator shall serve as the “plan administrator” described in Section 3(16)(A) of ERISA, unless the Appointing Officer assigns such function to another person.

(m) Named Fiduciary Decisions Final. The decision of a Named Fiduciary in matters within its jurisdiction is final, binding, and conclusive upon each Employer and each Employee, Participant, and every other person or party interested or concerned.

(n) No Agency. Each fiduciary or Named Fiduciary performs (or fails to perform) its authority or discretion with respect to the Plan as an independent contractor and not as an agent of the Plan, any Employer, or the Plan Administrator or Investment Committee. No agency is intended to be created nor is the Plan Administrator or Investment Committee empowered to create an agency relationship with a fiduciary or Named Fiduciary.

81

(o) Establishment and Operation of Investment Committee. The Investment Committee created by the Board is hereby established as the Investment Committee for the Trust. The Investment Committee will act in accordance with its by-laws, as may be amended from time to time.

14.2 Claims Procedure.

(a) Definitions. For purposes of this Section, the following words or phrases in quotes when capitalized will have the meaning set forth below:

(1) “Adverse Benefit Determination” means a denial, reduction or the termination of, or a failure to provide or make payment (in whole or in part) with respect to a Claim, including any such denial, reduction, termination, or failure to provide or make payment that is based on a determination of a Claimant’s eligibility to participate in the Plan. With respect to an Appeal, “Adverse Benefit Determination” means a denial of the Appeal.

(2) “Appeal” means a request for review of an Adverse Benefit Determination of a Claim.

(3) “Claimant” means a Participant; a Beneficiary; a surviving spouse; an alternate payee under a qualified domestic relations order; or an individual claiming to be a Participant, Beneficiary, surviving spouse, or alternate payee.

(4) “Notice” or “Notification” means the delivery or furnishing of information to an individual in a manner that satisfies applicable Department of Labor regulations with respect to material required to be furnished or made available to an individual.

(5) “Relevant Documents” include documents, records, or other information with respect to a Claim or Appeal that:

(A) were relied upon by the Claims Administrator or Appeals Administrator, respectively, in making the benefit determination;

(B) were submitted to, considered by, or generated for, the Claims Administrator or Appeals Administrator, respectively, in the course of making the benefit determination, without regard to whether such documents, records, or other information were relied upon by the Claims Administrator or Appeals Administrator, respectively, in making the benefit determination;

82

(C) demonstrate compliance with administrative processes and safeguards required in making the benefit determination; or

(D) constitute a statement of policy or guidance with respect to the Plan concerning the denied benefit for the Claimant’s circumstances, without regard to whether such advice was relied upon by the Claims Administrator or Appeals Administrator, respectively, in making the benefit determination.

(b) Procedure for Filing a Claim. In order for a communication from a Claimant to constitute a valid Claim, it must satisfy the following paragraphs (1) and (2) of this paragraph (b).

(1) Any Claim submitted by a Claimant must be in writing and delivered, along with any supporting comments, documents, records, and other information, to the Claims Administrator by first class mail to the address for the Claims Administrator provided in the summary plan description.

(2) Claims and Appeals may be pursued by a Claimant or an authorized representative of the Claimant. However, the Claims Administrator may establish reasonable procedures for determining whether an individual has been authorized to act on behalf of a Claimant.

(c) Initial Claim Review. The initial Claim review will be conducted by the Claims Administrator, who will consider the applicable terms and provisions of the Plan and any amendments to the Plan, information and evidence that is presented by the Claimant, and any other information he deems relevant.

(d) Initial Benefit Determination.

(1) The Claims Administrator will notify the Claimant of the Claims Administrator’s determination within a reasonable period of time, but in any event (except as described in paragraph (2) below) within 90 calendar days after receipt of the Claim by the Claims Administrator.

(2) The Claims Administrator may extend the period for making the benefit determination by up to 90 calendar days if he determines that special circumstances require such an extension and if he notifies the Claimant, prior to the expiration of the initial 90-day period, of circumstances requiring the extension of time and the date by which the Claims Administrator expects to render a decision.

83

(3) The Claims Administrator may require the Claimant or Company to submit, within a reasonable period of time after receipt of written notice as determined by the Claims Administrator in his sole discretion (the “tolling expiration date”), additional facts, documents, or other evidence as the Claims Administrator, in his sole discretion, deems necessary or advisable for making the benefit determination. The period in which the Claims Administrator is required to make the initial claim determination will be tolled from the date on which the notification is sent until the date on which the Claimant or Company, as applicable, responds to the request for additional information or, if earlier, until the tolling expiration date. If the Claimant or Company, as applicable, does not respond to such a request on or before the tolling expiration date, the Claims Administrator will make the benefit determination based on the information on file.

(e) Manner and Content of Notification of Adverse Benefit Determination.

(1) The Claims Administrator will provide a Claimant with written or electronic Notice of any Adverse Benefit Determination, in accordance with applicable Department of Labor regulations.

(2) The Notification will set forth in a manner calculated to be understood by the Claimant:

(A) The specific reason(s) for the Adverse Benefit Determination;

(B) Reference to the specific provision(s) of the Plan on which the determination is based;

(C) A description of any additional material or information necessary for the Claimant to perfect the Claim and an explanation of why such material or information is necessary;

(D) A description of the Plan’s Appeal procedures and the time limits applicable to such procedures, including a statement of the Claimant’s right to bring a civil action under Section 502(a) of ERISA following an Adverse Benefit Determination on Appeal.

(f) Procedure for Filing an Appeal of an Adverse Benefit Determination.

(1) Any Appeal of an Adverse Benefit Determination by a Claimant must be in writing and must be delivered to the Appeals Administrator by first class mail to the address for the Appeals Administrator provided in the summary plan description within 60 calendar days after receipt of the Notice of the Adverse Benefit Determination. Failure to appeal within such 60-day period will be deemed to be a failure to exhaust all administrative remedies under the Plan.

84

(2) A Claimant will have the opportunity to submit written comments, documents, records, and other information relating to the Appeal.

(g) Appeal Procedures for Adverse Benefit Determinations.

(1) The Appeals Administrator will provide a review that takes into account all comments, documents, records, and other information submitted by the Claimant without regard to whether such information was submitted or considered in the initial benefit determination.

(2) The Claimant will be provided, upon request and free of charge, reasonable access to and copies of all Relevant Documents.

(3) The Appeals Administrator may require the Claimant or Company to submit, within a reasonable period of time after receipt of written notice as determined by the Appeals Administrator in his sole discretion (the “tolling expiration date”), additional facts, documents, or other evidence as the Appeals Administrator, in his sole discretion, deems necessary or advisable for making the Appeal determination. The period in which the Appeals Administrator is required to make a decision will be tolled from the date on which the notification is sent until the date on which the Claimant or Company, as applicable, responds to the request for additional information or, if earlier, until the tolling expiration date. If the Claimant or Company, as applicable, does not respond to such a request on or before the tolling expiration date, the Appeals Administrator will make the review determination based on the information in the administrative record as of such date.

(h) Timing and Notification of Benefit Determination on Appeal. The Appeals Administrator will notify the Claimant within a reasonable period of time, but in any event within 60 calendar days after the Claimant’s request for an Appeal is received, unless the Appeals Administrator determines that special circumstances require an extension of time for processing the Appeal. If the Appeals Administrator determines that an extension is required, written Notice will be furnished to the Claimant prior to the end of the initial 60-day period indicating the special circumstances requiring an extension of time and the date by which the Appeals Administrator expects to render the Appeal determination, which in any event will be within 60 calendar days from the end of the initial 60-day period.

(i) Manner and Content of Notification of Benefit Determination on Appeal.

85

(1) The Appeals Administrator will provide a written or electronic Notice of his benefit determination on the Appeal, in accordance with applicable Department of Labor regulations.

(2) The Notification will set forth:

(A) The specific reason(s) for the Adverse Benefit Determination;

(B) Reference to the specific provision(s) of the Plan on which the determination is based;

(C) A statement that the Claimant is entitled to receive, upon request and free of charge, reasonable access to and copies of all Relevant Documents; and

(D) A statement of the Claimant’s right to bring a civil action under Section 502(a) of ERISA following an Adverse Benefit Determination on the Appeal.

(3) If the Appeals Administrator does not provide a written or electronic Notice of his benefit determination on the Appeal within 120 calendar days after the Claimant’s request for an Appeal is received, it is deemed that the Appeals Administrator has made an Adverse Benefit Determination on the Appeal.

(j) Statute of Limitations. No cause of action may be brought by a Claimant related to benefits or any other matter concerning the Plan later than 2 years following the earliest of the following: (i) in the case of any lump-sum payment, the date on which the payment was made, (ii) in the case of a periodic payment, the date of the first in the series of payments, or (iii) for all other claims, the date on which the action complained of occurred. This statute of limitations shall be extended by the length of any tolling period that occurs under Section 14.2(d)(3) or Section 14.2(g)(3). Any cause of action brought by a Claimant must also satisfy any other statute of limitations applicable pursuant to ERISA.

(k) Notices to Claimants, Etc. Any notice, report, or statement given, made, delivered, or transmitted to a Claimant or any other person entitled to or claiming benefits under the Plan will be deemed to have been duly given, made, or transmitted when sent via messenger, delivery service, facsimile, or mailed by first class mail with postage prepaid and addressed to the Claimant or such person at the address last appearing on the records of the Plan Administrator. A Claimant or other person may record any change of his address from time to time by following the procedures established by the Plan Administrator.

86

(l) Notices to Claims Administrator or Appeals Administrator. Any written direction, notice, or other communication from Claimants or any other person entitled to or claiming benefits under the Plan to the Claims Administrator or to the Appeals Administrator will be deemed to have been received when delivered by first class mail with postage prepaid and addressed to the Claims Administrator or Appeals Administrator, as applicable, to such location as will be specified in the summary plan description for the giving of such direction, notice, or other communication.

14.3 Actions by the Company. Whenever the Company or an Employer has the authority to take action under this Plan, the Company’s Board of Directors and each Designated Officer have the authority to act on behalf of the Company or Employer.

87

ARTICLE XV

ADOPTION AND WITHDRAWAL FROM PLAN

15.1 Adoption by Other Employers.

(a) With the consent of a Designated Officer, any Commonly Controlled Entity may adopt this Plan and participate herein (for purposes of this Article XV, a “Participating Employer”), effective as of the date specified in such adoption, by filing with the Designated Officer a certified copy of a resolution of its board of directors or other governing authority to that effect, and such other instruments as the Designated Officer may require, and, if the resolution involves a change in the Trust Agreement, the Designated Officer’s filing with the Trustee a copy of such resolution, together with a certified copy of the consent of the Designated Officer approving such adoption.

(b) The adoption resolution may contain such specific changes and variations in the terms of the Plan or Trust Agreement that apply to such Participating Employer and its Employees as may be acceptable to the Designated Officer and if the resolution involves a change in the Trust Agreement, the Trustee. However, the sole, exclusive right to amend the Plan or the Trust Agreement in any other respect is reserved in accordance with Section 16.1, and any such amendment will be binding upon the Participating Employer; provided that no amendment without the consent of a Participating Employer may alter specific changes and variations in the Plan or Trust Agreement terms adopted by the Participating Employer in its adoption resolution. The adoption resolution will become, as to such Participating Employer and its Employees, a part of this Plan and the Trust Agreement. It will not be necessary for the Participating Employer to sign or execute the Plan, the Trust Agreement, or any amendment thereof. The coverage date of the Plan for any Participating Employer will be the date stated in the adoption resolution, and from and after such effective date, such Participating Employer will assume all the rights, obligations and liabilities of an individual Employer entity under the Plan and the Trust Agreement. The administrative powers and control of the Company and any Designated Officer, as provided in the Plan and the Trust Agreement, including the exclusive right to amend the Plan and the Trust Agreement, and the administrative powers of the Company to appoint and remove the Trustee, and its successors, will not be diminished by reason of the participation of any Participating Employer in the Plan.

15.2 Withdrawal from the Plan. With the consent of a Designated Officer, a Participating Employer may discontinue or revoke its participation in the Plan on at least 90 days’ notice by filing a properly executed document with the Designated Officer. Notwithstanding the foregoing, a Participating Employer will be deemed to have terminated its participation in the Plan when it ceases to be a Commonly Controlled Entity.

88

15.3 Employee Transfers Within Participating Group. It is anticipated that an Employee may be transferred between Participating Employers. No such transfer will be deemed a Severance from Service.

15.4 Designation of Agent. Each Participating Employer will be deemed a part of the Company; provided that, with respect to its relations with the Trustee and the Plan Administrator in connection with the Plan, each Participating Employer will be deemed to have irrevocably designated the Company and each Designated Officer as its agent.

89

ARTICLE XVI

AMENDMENT, TERMINATION, AND MERGER

16.1 Amendments.

(a) Power to Amend. The Company may at any time and from time to time amend, suspend, or modify the Plan, in whole or in part, by written instrument duly adopted by: (i) the Board of Directors; or (ii) any Designated Officer, if the Board of Directors has delegated to such Designated Officer the authority to execute such amendments. Any such amendment, suspension, or modification will become effective on such date as the Board of Directors or such Designated Officer, as the case may be, will determine, and may apply retroactively or prospectively to Members at the time thereof, as well as to future Members; provided, however, that no amendment will:

(1) increase the duties or liabilities of the Trustee or the Plan Administrator without its written consent;

(2) have the effect of vesting in any Employer any interest in any funds, securities, or other property, subject to the terms of this Plan and the Trust Agreement;

(3) authorize or permit at any time any part of the corpus or income of the Plan’s assets to be used or diverted to purposes other than for the exclusive benefit of Members;

(4) except to the extent permissible under ERISA and the Code, make it possible for any portion of the Trust assets to revert to an Employer to be used for, or diverted to, any purpose other than for the exclusive benefit of Members entitled to Plan benefits and to defray reasonable expenses of administering the Plan;

(5) permit an Employee to be paid the balance of his Before-Tax or Roth 401(k) Account unless the payment would otherwise be permitted under Section 401(k) of the Code; and

(6) have any retroactive effect as to deprive any such person of any benefit already accrued, except that no amendment made in order to conform the Plan as a plan described in Section 401(a) of the Code of which amendments are permitted by the Code or are required or permitted by any other statute relating to employees’ trusts, or any official regulations or ruling issued pursuant thereto, will be considered prejudicial to the rights of any such person.

90

(b) Restriction on Amendment. No amendment to the Plan will deprive a Participant of his nonforfeitable rights to benefits accrued to the date of the amendment. In addition to the foregoing, the Plan will not be amended so as to eliminate an optional form of payment of an Accrued Benefit attributable to employment prior to the date of the amendment, except to the extent permissible under ERISA and the Code. The foregoing limitations do not apply to benefit accruals occurring after the date of the amendment.

16.2 Plan Termination. It is the expectation of the Company that it will continue the Plan and the payment of Contributions hereunder indefinitely, but the continuation of the Plan and the payment of Contributions hereunder is not assumed as a contractual obligation of the Company or any other Employer. The Company reserves the right, at any time, to terminate the Plan, or to reduce, suspend, or discontinue its or any other Employer’s Contributions hereunder, provided, however, that the Contributions for any Plan Year accrued or determined prior to the end of such year will not after the end of such year be retroactively reduced, suspended, or discontinued except as may be permitted by law. Upon termination of the Plan or complete discontinuance of Contributions hereunder (other than for the reason that the Employer has had no net profits or accumulated net profits), each Participant’s Accrued Benefit will be fully vested. Upon termination of the Plan or a complete discontinuance of Contributions, unclaimed amounts will be applied as forfeitures and any unallocated amounts will be allocated to Participants who are Eligible Employees as of the date of such termination or discontinuance on the basis of Compensation for the Plan Year (or short Plan Year). Upon a partial termination of the Plan, to the extent required by law or in the sole discretion of the Plan Administrator, the Accrued Benefit of each affected Participant will be fully vested. In the event of termination of the Plan, the Plan Administrator will direct the Trustee to distribute to each Participant the entire amount of his Accrued Benefit as soon as administratively possible, but not earlier than would be permitted in order to retain the Plan’s qualified status under Sections 401(a), (k), and (m) of the Code, as if all Participants who are Employees had incurred a Severance from Service on the Plan’s termination date. Should a Participant or a Beneficiary not elect immediate payment of a nonforfeitable Accrued Benefit in excess of $5,000, the Plan Administrator will direct the Trustee to continue the Plan and Trust Agreement for the sole purpose of paying to such Participant his nonforfeitable Accrued Benefit or death benefit, respectively, unless in the opinion of the Plan Administrator, to make immediate single sum payments to such Participant or Beneficiary would not adversely affect the tax qualified status of the Plan upon termination and would not impose additional liability upon any Employer or the Trustee.

91

16.3 Plan Merger and Spinoff.

(a) General. The Plan will not merge or consolidate with, or transfer any assets or liabilities to any other plan, unless each person entitled to benefits would receive a benefit immediately after the merger, consolidation, or transfer (if the Plan were then terminated) which is equal to or greater than the benefit he would have been entitled to immediately before the merger, consolidation, or transfer (if the Plan were then terminated). The Designated Officer will amend or take such other action as is necessary to amend the Plan in order to satisfy the requirements applicable to any merger, consolidation, or transfer of assets and liabilities.

(b) Appendix. Appendix B may set forth such special provisions as may apply to any merger, consolidation, or transfer of assets and liabilities.

16.4 Design Decisions. Decisions regarding the design of the Plan (including any decision to amend or terminate, or to not amend or terminate the Plan) will be made in a settlor capacity and will not be governed by the fiduciary responsibility provisions of ERISA.

92

ARTICLE XVII

SPECIAL TOP-HEAVY RULES

17.1 Application of Article XVII. This Article XVII will apply only if the Plan is Top-Heavy, as defined below. If, as of any Top-Heavy Determination Date, as defined below, the Plan is Top-Heavy, the provisions of Section 17.4 will take effect as of the first day of the Plan Year next following the Top-Heavy Determination Date and will continue to be in effect until the first day of any subsequent Plan Year following a Top-Heavy Determination Date as of which it is determined that the Plan is no longer Top-Heavy.

17.2 Definitions Concerning Top-Heavy Status. In addition to the definitions set forth in Article I, the following definitions will apply for purposes of this Article XVII, and will be interpreted in accordance with the provisions of Section 416 of the Code:

(a) Aggregation Group - a group of Company Plans consisting of each Company Plan in the Required Aggregation Group and each other Company Plan selected by the Company for inclusion in the Aggregation Group that would not, by its inclusion, prevent the group of Company Plans included in the Aggregation Group from continuing to meet the requirements of Section 401(a)(4) and 410 of the Code.

(b) Annual Compensation - compensation for a calendar year within the meaning of Treasury Regulation Section 1.415-2(d)(11)(ii) to the extent that such compensation does not exceed the annual compensation limit in effect for the calendar year under Section 401(a)(17) of the Code.

(c) Company Plan - any plan of any Commonly Controlled Entity that is, or that has been determined by the Internal Revenue Service to be, qualified under Section 401(a) or 403(a) of the Code.

(d) Key Employee - any employee of any Commonly Controlled Entity who satisfies the criteria set forth in Section 416(i)(1) of the Code.

(e) Required Aggregation Group - one or more Company Plans comprising each Company Plan in which a Key Employee is a participant and each Company Plan that enables any Company Plan in which a Key Employee is a participant to meet the requirements of Section 401 (a)(4) or 410 of the Code.

(f) Top-Heavy - the Plan is included in an Aggregation Group under which, as of the Top-Heavy Determination Date, the sum of the actuarial present value of the cumulative accrued benefits for Key Employees under all defined benefit plans in the Aggregation Group and the aggregate of the accounts of Key Employees under all defined contribution plans in the Aggregation Group exceeds 60 percent of the analogous sum determined for all employees. The determination of whether the Plan is Top-Heavy will be made in accordance with Section 416(g)(2)(B) of the Code.

93

(g) Top-Heavy Determination Date - the December 31 immediately preceding the Plan Year for which the determination is made.

(h) Top-Heavy Ratio - the percentage calculated in accordance with subparagraph (f) above, and Section 416(g)(2) of the Code.

(i) Top-Heavy Year - a Plan Year for which the Plan is Top-Heavy.

17.3 Calculation of Top-Heavy Ratio. The Top-Heavy Ratio with respect to any Plan Year will be determined in accordance with the following rules:

(a) Determination of Accrued Benefits: The accrued benefit of any current Participant will be calculated, as of the most recent valuation date that is within a 12-month period ending on the Top-Heavy Determination Date, as if the Participant had voluntarily terminated employment as of such valuation date. Such valuation date will be the same valuation date used for computing plan costs for purposes of the minimum funding provisions of Section 412 of the Code. Unless, as of the valuation date, the Plan provides for a nonproportional subsidy, the actuarial present value of the accrued benefit will reflect a retirement income commencing at age 65 (or attained age, if later). If, as of the valuation date, the Plan provides for a nonproportional subsidy, the benefit will be assumed to commence at the age at which the benefit is most valuable.

The present values of accrued benefits and the amounts of account balances of an employee as of the Top-Heavy Determination Date will be increased by the distributions made with respect to the employee under the Plan and any plan aggregated with the plan under Section 416(g)(2) of the Code during the 1-year period ending on the Top-Heavy Determination Date. The preceding sentence will also apply to distributions under a terminated plan which, had it not been terminated, would have been aggregated with the plan under Section 416(g)(2)(A)(i) of the Code. In the case of a distribution made for a reason other than severance from employment, death, or disability, this provision will be applied by substituting “5-year period” for “1-year period.” The accrued benefits and accounts of any individual who has not performed services for the employer during the 1-year period ending on the determination date will not be taken into account.

(b) Aggregation. The Plan will be aggregated with all Company Plans included in the Aggregation Group.

94

17.4 Effect of Top-Heavy Status.

(a) Minimum Contribution. Notwithstanding Article III, as of the last day of each Top-Heavy Year, the Employer will make, for each Participant, (i) the contributions it otherwise would have made under the Plan for such Top-Heavy Year, or if greater, (ii) contributions for such Top-Heavy Year that, when added to the contributions made by the Employer for such Participant (and any forfeitures allocated to his Accounts) for such Top-Heavy Year under all other defined contribution plans of any Commonly Controlled Entity, aggregate 3 percent of his Annual Compensation; provided that the Plan will meet the requirements of this subsection (a) without taking into account Before-Tax or Roth 401(k) Contributions or other employer contributions attributable to a salary reduction or similar arrangement. Employer matching contributions will be taken into account for purposes of satisfying the minimum contribution requirements of Section 416(c)(2) of the Code and the Plan. The preceding sentence will apply with respect to matching contributions under the Plan or, if the Plan provides that the minimum contribution requirement will be met in another plan, such other plan. Employer matching contributions that are used to satisfy the minimum contribution requirements will be treated as matching contributions for purposes of the actual contribution percentage test and other requirements of Section 401(m) of the Code.

(b) Inapplicability to Union Employees. The preceding provisions of this Section will not apply with respect to any employee included in a unit of employees covered by an agreement that the Secretary of Labor finds to be a collective bargaining agreement between employee representatives and the Employer, if there is evidence that retirement benefits were the subject of good faith bargaining between such employee representatives and the Employer.

17.5 Effect of Discontinuance of Top-Heavy Status. If, for any Plan Year after a Top-Heavy Year, the Plan is no longer Top-Heavy, the provisions of Section 17.4 will not apply with respect to such Plan Year.

17.6 Intent of Article XVII. This Article XVII is intended to satisfy the requirements imposed by Section 416 of the Code and will be construed in a manner that will effectuate this intent. This Article XVII will not be construed in a manner that would impose requirements on the Plan that are more stringent than those imposed by Section 416 of the Code.

95

ARTICLE XVIII

MISCELLANEOUS PROVISIONS

18.1 Assignment and Alienation. As provided by Section 401(a)(13) of the Code and to the extent not otherwise required by law, no benefit provided by the Plan may be anticipated, assigned, or alienated, except:

(a) to create, assign, or recognize a right to any benefit with respect to a Participant pursuant to a QDRO;

(b) to use a Participant’s vested Account balance as security for a loan from the Plan which is permitted pursuant to Section 4975 of the Code; or

(c) to allow the enforcement of a federal tax levy made pursuant to Section 6331 of the Code, or the collection by the United States on a judgment resulting from an unpaid tax assessment.

18.2 Protected Benefits. All benefits which are protected by the terms of Section 411(d)(6) of the Code and Section 204(g) of ERISA, which cannot be eliminated without adversely affecting the qualified status of the Plan on and after the Effective Date, will be provided under this Plan to Participants for whom such benefits are protected. The Plan Administrator will cause such benefits to be determined and the terms and provisions of any relevant plan setting forth such protected benefits are incorporated herein by reference and made a part hereof, but only to the extent such terms and provisions are so protected. Otherwise, they will operate within the terms and provisions of this Plan, as determined by the Plan Administrator.

18.3 Plan Does Not Affect Employment Rights. The Plan does not provide any employment rights to any Employee. The Employer expressly reserves the right to discharge an Employee at any time, with or without cause, without regard to the effect such discharge would have upon the Employee’s interest in the Plan.

18.4 Deduction of Taxes from Amounts Payable. The Trustee will deduct from the amount to be distributed such amount as the Plan Administrator, in his sole discretion, deems proper to protect the Trustee and the Plan’s assets held under the Trust Agreement against liability for the payment of death, succession, inheritance, income, or other taxes, and out of money so deducted, the Trustee may discharge any such liability and pay the amount remaining to the Participant, the Beneficiary, or the deceased Participant’s estate, as the case may be.

18.5 Facility of Payment. If a Member is declared an incompetent or is a minor and a conservator, guardian, or other person legally charged with his care has been appointed, any benefits to which such Member is entitled will be payable to such conservator, guardian, or other person legally charged with his care. The decision of the Plan Administrator in such matters will be final, binding, and conclusive upon the Employer and the Trustee and upon each Member, and every other person or party interested or concerned. An Employer, the Trustee, and the Plan Administrator will not be under any duty to see to the proper application of such payments.

96

18.6 Source of Benefits. All benefits payable under the Plan will be paid or provided for solely from the Plan’s assets held under the Trust Agreement and the Employers assume no liability or responsibility therefor.

18.7 Reduction for Overpayment. The Plan Administrator will, whenever it determines that a person has received benefit payments under this Plan in excess of the amount to which the person is entitled under the terms of the Plan, make a reasonable attempt to collect such overpayment from the person. The amount of any overpayment may be set off against further amounts payable to or on account of the person who received the overpayment.

18.8 Company Merger. In the event any successor corporation to the Company, by merger, consolidation, purchase, or otherwise, will elect to adopt the Plan, such successor corporation will be substituted hereunder for the Company upon filing in writing with the Trustee its election so to do.

18.9 Employees’ Trust. The Plan and Trust Agreement are created for the exclusive purpose of providing benefits to the Members of the Plan and defraying reasonable expenses of administering the Plan. The Plan and Trust Agreement will be interpreted and operated in a manner consistent with their being, respectively, a Plan described in Sections 401(a), 401(k), and 401(m) of the Code and Trust Agreements exempt under Section 501(a) of the Code. The Designated Officer and the Plan Administrator are authorized to the fullest extent allowed by law, to take whatever action may be required to correct any such interpretational or operational violation which would result in the Plan not being a plan described in Sections 401(a), 401(k), and 401(m) of the Code and Trust Agreements exempt under Section 501(a) of the Code. At no time will the assets of the Plan be diverted from the above purpose.

18.10 Construction. Unless the contrary is plainly required by the context, wherever any words are used herein in the masculine gender, they will be construed as though they were also used in the feminine gender, and vice versa; wherever any words are used herein in the singular form, they will be construed as though they were also used in the plural form, and vice versa; and wherever the words “herein,” “hereof,” “hereunder,” and words of similar import are used, they will be construed to refer to the Plan in its entirety and not only to the portion of the Plan in which they appear. Any election, direction, notice, or designation (or similar action) to be made by a Member hereunder will be made in such manner as is provided for by, and acceptable to, the Plan Administrator. No such election, direction, notice, or designation (or similar action) will be deemed to have been given to the Plan Administrator unless it is properly completed and delivered to the Plan Administrator in accordance with the procedures established by such Plan Administrator for such purpose, and will take effect at such time as is established by the Plan Administrator, which in any event will not be earlier than is administratively possible.

97

18.11 Invalidity of Certain Provisions. If any provision of this Plan will be held invalid or unenforceable, such invalidity or unenforceability will not affect any other provisions hereof and the Plan will be construed and enforced as if such provisions, to the extent invalid or unenforceable, had not been included.

18.12 Headings. The headings or articles are included solely for convenience of reference, and if there is any conflict between such headings and the text of this Plan, the text will control.

18.13 Governing Law. The Plan will be construed, administered, and regulated in accordance with the provisions of ERISA and, to the extent not preempted thereby, in accordance with the laws of the State of Texas, determined without regard to its choice of law rules. Any case or controversy arising under or in connection with this Plan must be brought in the United States District Court for the Southern District of Texas, Houston Division.

18.14 Notice and Information Requirements. Except as otherwise provided in this Plan or in the Trust Agreement, the Employer will have no duty or obligation to affirmatively disclose to any Member, nor will any Member have any right to be advised of, any material information regarding the Employer, at any time prior to, upon or in connection with the Employer’s purchase, or any other distribution or transfer (or decision to defer any such distribution) of any Company Stock or any other stock held under the Plan.

18.15 Reliance on Information Provided to Plan. Notwithstanding anything contained herein to the contrary, if an individual is provided a statement in confirmation of any election or information provided to the Plan by such individual hereunder, the election or information reflected on such confirmation statement will be deemed to be accurate and may be conclusively relied upon for all purposes hereunder unless the individual timely demonstrates to the Plan Administrator, in the form and manner established by the Plan Administrator, that the election or information reflected on the confirmation statement is not what the individual had originally delivered to the Plan Administrator.

18.16 Recognition of Power of Attorney. Notwithstanding anything in this Plan to the contrary, the Plan Administrator may, in his discretion, refuse to recognize any agent of a Participant who seeks to act on behalf of such Participant pursuant to a power of attorney unless and to the extent the power of attorney conforms with guidelines adopted by the Plan Administrator from time to time.

18.17 Minimum Distribution Requirements.

(a) General Rules.

98

(1) Effective Date. The provisions of this Section will apply for purposes of determining required minimum distributions for calendar years beginning with the 2003 calendar year.

(2) Coordination with Minimum Distribution Requirements Previously in Effect. Required minimum distributions for 2002 under this Section will be determined as follows. If the total amount of 2002 required minimum distributions under the Plan made to the distributee prior to the effective date of this Section equals or exceeds the required minimum distributions determined under this Section, then no additional distributions will be required to be made for 2002 on or after such date to the distributee. If the total amount of 2002 required minimum distributions under the Plan made to the distributee prior to the effective date of this Section is less than the amount determined under this Section, then required minimum distributions for 2002 on and after such date will be determined so that the total amount of required minimum distributions for 2002 made to the distributee will be the amount determined under this Section. This subsection (a)(2) does not apply.

(3) Precedence. The requirements of this Section will take precedence over any inconsistent provisions of the Plan.

(4) Requirements of Treasury Regulations Incorporated. All distributions required under this Section will be determined and made in accordance with Treasury Regulations Sections 1.401(a)(9)-1 through 1.401(a)(9)-9 and any other Treasury regulations promulgated under Section 401(a)(9) of the Code, including the incidental death benefits requirements of Code Section 401(a)(9)(G).

(5) TEFRA Section 242(b)(2) Elections. Notwithstanding the other provisions of this Section, distributions may be made under a designation made before January 1, 1984, in accordance with Section 242(b)(2) of the Tax Equity and Fiscal Responsibility Act (TEFRA) and the provisions of the plan that relate to Section 242(b)(2) of TEFRA.

(b) Time and Manner of Distribution.

(1) Required Beginning Date. The Participant’s entire interest will be distributed, or begin to be distributed, to the Participant no later than the Participant’s required beginning date.

99

(2) Death of Participant Before Distributions Begin. If the Participant dies before distributions begin, the Participant’s entire interest will be distributed, or begin to be distributed, no later than as follows:

(A) If the Participant’s surviving Spouse is the Participant’s sole designated Beneficiary, then distributions to the surviving Spouse will begin by December 31 of the calendar year immediately following the calendar year in which the Participant died, or by December 31 of the calendar year in which the Participant would have attained age 73 ( or age 72 for distributions required to be made before December 31, 2022 and after December 31, 2019; or age 70 ¹⁄₂ for distributions required to be made before December 31, 2019), if later.

(B) If the Participant’s surviving Spouse is not the Participant’s sole designated Beneficiary, the Participant’s entire interest will be distributed to the designated Beneficiary by December 31 of the calendar year containing the fifth (tenth, effective as of January 1, 2020) anniversary of the Participant’s death. If the Participant’s surviving Spouse is the Participant’s sole designated Beneficiary and the surviving Spouse dies after the Participant but before distributions to either the Participant or the surviving Spouse begin, this provision will apply as if the surviving Spouse were the Participant.

(C) If there is no designated Beneficiary as of September 30 of the year following the year of the Participant’s death, the Participant’s entire interest will be distributed by December 31 of the calendar year containing the fifth (tenth, effective as of January 1, 2020) anniversary of the Participant’s death.

(D) If the Participant’s surviving Spouse is the Participant’s sole designated Beneficiary and the surviving Spouse dies after the Participant but before distributions to the surviving Spouse begin, this subsection (b)(2), other than subsection (b)(2)(A), will apply as if the surviving Spouse were the Participant.

For purposes of this subsection (b)(2) and subsection (d) below, unless subsection (b)(2)(D) applies, distributions are considered to begin on the Participant’s required beginning date. If subsection (b)(2)(D) applies, distributions are considered to begin on the date distributions are required to begin to the surviving Spouse under subsection (b)(2)(A). If distributions under an annuity purchased from an insurance company irrevocably commence to the Participant before the Participant’s required beginning date (or to the Participant’s surviving Spouse before the date distributions are required to begin to the surviving Spouse under subsection (b)(2)(A), the date distributions are considered to begin is the date distributions actually commence.

100

(3) Forms of Distribution. Unless the Participant’s interest is distributed in the form of an annuity purchased from an insurance company or in a single sum on or before the required beginning date, as of the first distribution calendar year distributions will be made in accordance with subsections (c) and (d). If the Participant’s interest is distributed in the form of an annuity purchased from an insurance company, distributions thereunder will be made in accordance with the requirements of Section 401(a)(9) of the Code and the Treasury regulations.

(c) Required Minimum Distributions During Participant’s Lifetime.

(1) Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser of:

(A) the quotient obtained by dividing the Participant’s account balance by the distribution period in the Uniform Lifetime Table set forth in Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s age as of the Participant’s birthday in the distribution calendar year; or

(B) if the Participant’s sole designated Beneficiary for the distribution calendar year is the Participant’s Spouse, the quotient obtained by dividing the Participant’s account balance by the number in the Joint and Last Survivor Table set forth in Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s and Spouse’s attained ages as of the Participant’s and Spouse’s birthdays in the distribution calendar year.

(2) Lifetime Required Minimum Distributions Continue Through Year of Participant’s Death. Required minimum distributions will be determined under this subsection (c) beginning with the first distribution calendar year and up to and including the distribution calendar year that includes the Participant’s date of death.

(d) Required Minimum Distributions After Participant’s Death.

101

(1) Death On or After Date Distributions Begin.

(A) Participant Survived by Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is a designated Beneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s account balance by the longer of the remaining life expectancy of the Participant or the remaining life expectancy of the Participant’s designated Beneficiary, determined as follows:

(i) The Participant’s remaining life expectancy is calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

(ii) If the Participant’s surviving Spouse is the Participant’s sole designated Beneficiary, the remaining life expectancy of the surviving Spouse is calculated for each distribution calendar year after the year of the Participant’s death using the surviving Spouse’s age as of the Spouse’s birthday in that year. For distribution calendar years after the year of the surviving Spouse’s death, the remaining life expectancy of the surviving Spouse is calculated using the age of the surviving Spouse as of the Spouse’s birthday in the calendar year of the Spouse’s death, reduced by one for each subsequent calendar year.

(iii) If the Participant’s surviving Spouse is not the Participant’s sole designated Beneficiary, the designated Beneficiary’s remaining life expectancy is calculated using the age of the Beneficiary in the year following the year of the Participant’s death, reduced by one for each subsequent year.

(B) No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no designated Beneficiary as of September 30 of the year after the year of the Participant’s death, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s account balance by the Participant’s remaining life expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

102

(2) Death Before Date Distributions Begin.

(A) Participant Survived by Designated Beneficiary. To the extent subsection (b)(2)(B) does not contain the “five-year rule,” (“ten-year rule,” effective as of January 1, 2020), if the Participant dies before the date distributions begin and there is a designated Beneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s account balance by the remaining life expectancy of the Participant’s designated Beneficiary, determined as provided in subsection (d)(1).

(B) No Designated Beneficiary. If the Participant dies before the date distributions begin and there is no designated Beneficiary as of September 30 of the year following the year of the Participant’s death, distribution of the Participant’s entire interest will be completed by December 31 of the calendar year containing the fifth (tenth, effective as of January 1, 2020) anniversary of the Participant’s death.

(C) Death of Surviving Spouse Before Distributions to Surviving Spouse Are Required to Begin. If the Participant dies before the date distributions begin, the Participant’s surviving Spouse is the Participant’s sole designated Beneficiary, and the surviving Spouse dies before distributions are required to begin to the surviving Spouse under subsection (b)(2)(A), this subsection (d)(2) will apply as if the surviving Spouse were the Participant.

(e) Definitions.

(1) Designated Beneficiary. The individual who is designated as the Beneficiary under Section 12.3 and is the designated Beneficiary under Section 401(a)(9) of the Code and Section 1.401(a)(9)-1, Q&A-4, of the Treasury Regulations.

(2) Distribution calendar year. A calendar year for which a minimum distribution is required. For distributions beginning before the Participant’s death, the first distribution calendar year is the calendar year immediately preceding the calendar year which contains the Participant’s required beginning date. For distributions beginning after the Participant’s death,

103

the first distribution calendar year is the calendar year in which distributions are required to begin under subsection (b)(2). The required minimum distribution for the Participant’s first distribution calendar year will be made on or before the Participant’s required beginning date. The required minimum distribution for other distribution calendar years, including the required minimum distribution for the distribution calendar year in which the Participant’s required beginning date occurs, will be made on or before December 31 of that distribution calendar year.

(3) Life expectancy. Life expectancy as computed by use of the Single Life Table in Section 1.401(a)(9)-9 of the Treasury Regulations.

(4) Participant’s account balance. The account balance as of the last valuation date in the calendar year immediately preceding the distribution calendar year (valuation calendar year) increased by the amount of any contributions made and allocated or forfeitures allocated to the account balance as of dates in the valuation calendar year after the valuation date and decreased by distributions made in the valuation calendar year after the valuation date. The account balance for the valuation calendar year includes any amounts rolled over or transferred to the Plan either in the valuation calendar year or in the distribution calendar year if distributed or transferred in the valuation calendar year.

(5) Required beginning date. The date specified in Section 10.2.

*    *    *    *    *

104

Executed this 24th day of May, 2023

BP CORPORATION NORTH AMERICA INC.
By:	Cliff York
Title:	Head of Pensions, Americas

105

APPENDIX A

TO

BP PARTNERSHIP SAVINGS PLAN

LIST OF ADOPTING COMMONLY CONTROLLED ENTITIES

1. BP Corporation North America Inc.

2. BP Products North America Inc.

3. BP West Coast Products LLC

Appendix A

Page 1

APPENDIX B

TO

BP PARTNERSHIP SAVINGS PLAN

SUPPLEMENTS

SUPPLEMENT A

(a) Purpose. The purpose of this Supplement A is to set forth the special provisions (not otherwise set forth in the Plan) which apply to the participants in the BP Employee Savings Plan (the “ESP”) who are salaried Employees of BP West Coast Products LLC immediately prior to January 1, 2005, who will cease to participate in the ESP and who will become Participants in the Plan on January 1, 2005 (the “ESP Participants”), notwithstanding any other provisions of the Plan to the contrary.

(b) Accounts. As of January 1, 2005, each ESP Participant will have allocated and posted to the Accounts under the Plan the amounts credited to such ESP Participant’s accounts under the ESP, in accordance with the following Schedule:

ESP Account	Plan Account
After-Tax Account	After-Tax Account
Before-Tax Account	Before-Tax Account
Match Account	Match Account
Rollover Account	Rollover Account

(c) Service. For periods prior to January 1, 2005, the determination of a Participant’s Service will be made pursuant to the records of the ESP immediately prior to January 1, 2005.

(d) Investment and Contribution Elections and Beneficiary Designation. Notwithstanding anything contained herein to the contrary, any investment election, contribution election or beneficiary designation accepted by the Plan Administrator and not otherwise revoked, under the ESP immediately before January 1, 2005, will continue in effect as a valid Investment Election, Contribution Election or Beneficiary designation under the Plan until the earliest of: (1) the effective date of a new Investment Election, Contribution Election or Beneficiary designation; or (2) with respect to any Investment Election or Contribution Election, the date the individual ceases to be a Participant.

Appendix B

Page 1

APPENDIX C

TO

BP PARTNERSHIP SAVINGS PLAN

ADDITIONAL CATEGORIES OF ELIGIBLE EMPLOYEES

1. Effective January 1, 2005:

Salaried at-site retail Employees of BP West Coast Products LLC

Appendix C

Page 1

APPENDIX D

TO

BP PARTNERSHIP SAVINGS PLAN

ADDITIONAL PARTICIPANTS

Notwithstanding anything in the Plan to the contrary, the following non-highly compensated Eligible Employees were eligible to participate in the Plan from their hire date in 2001 through February 8, 2002, or their Severance from Service, if earlier:

Dora B. Bellorin

Wayne E. Besco

Ross B. Capriato

Jeffery A. Chambers

Costa Coloka

Karen W. Creager

Christopher R. Duhamel

Inaam M. Elhelou

Michael L. Foster

Ken Fullerton

Leon E. Hutchinson

Robert David Jenkins

Jasbir Makhija

Robert L. Marshall

Philip Miller

Cosmas J. Raimondi

Thomas F. Rinando

Abdol M. Rooshanfekr

Dawn C. Schoknecht

Eric J. Sell

Donald F. Stearns

Lloyd G. Tuckman

Appendix D

Page 1