Attached files
file | filename |
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8-K - 8-K ANNUAL MEETING - ANDEAVOR | form8-k.htm |
EX-10.1 - TESORO CORP 2011 LONG-TERM INCENTIVE PLAN - ANDEAVOR | exh10-1.htm |
EX-99.1 - SUPPLEMENTAL CONFERENCE CALL INFO DATED 05052011 - ANDEAVOR | exh99-1.htm |
EX-10.2 - 2011 LTIP GRANT LETTER - ANDEAVOR | exh10-2.htm |
EX-10.3 - 2011 PS GRANT SUMMARY OF KEY PROVISIONS - ANDEAVOR | exh10-3.htm |
Exhibit 10.4
Compensation and Benefits
Market Stock Unit Award Granted in 2011
Summary of Key Provisions
Purpose
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Eligibility
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Plan
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Market Stock Unit
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Performance Period
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Vesting
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Form and Timing of Payout
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Calculation of Market Stock Unit Award at Vesting
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Shares Earned at Vesting* = A times (C/B)
Symbol Description
A # of Targeted Market Stock Units at Grant
B Average closing stock price for the 30 trading days prior to the Grant Date
C Average closing stock price for the 30 trading days prior to the Vesting Date
*Shares Earned at Vesting is capped at 200% of number of Targeted Market Stock Units at Grant.
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Market Stock Unit Award Granted in 2011
1
Payout Range
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Termination of Employment
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Change in Control
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Shares Earned At Vesting* = A times (C/B)
Symbol Description
A # of Targeted Market Stock Units at Grant
B Average closing stock price for the 30 trading days prior to the Grant Date
C Average closing stock price for the 30 trading days prior to the Change in Control
*Shares Earned at Vesting is capped at 200% of number of Targeted Market Stock Units at Grant.
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Nothing herein is intended to modify any referenced Plan. The applicable Plan is the legally governing document and is the final authority on the terms of such Plan unless the Compensation Committee of the Board of Directors (or in the absence of the Compensation Committee, the Board itself) specifies otherwise (either in an Award Agreement or otherwise).
Market Stock Unit Award Granted in 2011
2