SEC Info  
    Home      Search      My Interests      Help      Sign In      Please Sign In

Exxon Mobil Corp – ‘10-K’ for 12/31/16 – ‘EX-10.(III) (D)’

On:  Wednesday, 2/22/17, at 4:47pm ET   ·   For:  12/31/16   ·   Delayed-Release:  Document/Exhibit  –  Release Delayed   ·   Accession #:  34088-17-17   ·   File #:  1-02256

Previous ‘10-K’:  ‘10-K’ on 2/24/16 for 12/31/15   ·   Next:  ‘10-K’ on 2/28/18 for 12/31/17   ·   Latest:  ‘10-K’ on 2/28/24 for 12/31/23   ·   4 References:   

Find Words in Filings emoji
 
  in    Show  and   Hints

  As Of               Filer                 Filing    For·On·As Docs:Size

 2/22/17  Exxon Mobil Corp                  10-K12/31/16  126:22M

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   4.51M 
126: CORRESP   ¶ Comment-Response or Other Letter to the SEC         HTML     42K  
 2: EX-10.(III) (A2)  Extended Provisions for Restricted Stock      HTML     65K 
                Agreements                                                       
 3: EX-10.(III) (A3)  Extended Provisions for Restricted Stock      HTML     57K 
                Unit Agreements-Settlement in Shares                             
 4: EX-10.(III) (B2)  Earnings Bonus Unit Instrument                HTML     46K 
 5: EX-10.(III) (D)  Exxonmobil Executive Life Insurance and Death  HTML     94K 
                Benefit Plan                                                     
 6: EX-10.(III) (F2)  Standing Resolution for Non Employee          HTML     38K 
                Director Restricted Grants                                       
 8: EX-21       Subsidiaries of the Registrant                      HTML    136K 
 9: EX-23       Consent of Pricewaterhousecoopers LLP, Independent  HTML     41K 
                Registered Public Accounting Firm                                
 7: EX-12       Computation of Ratio of Earnings to Fixed Charges   HTML     68K 
10: EX-31.1     Certification (Pursuant to Securities Exchange Act  HTML     46K 
                Rule 13A-14(A)) by Chief Executive Officer                       
11: EX-31.2     Certification (Pursuant to Securities Exchange Act  HTML     46K 
                Rule 13A-14(A)) by Principal Financial Officer                   
12: EX-31.3     Certification (Pursuant to Securities Exchange Act  HTML     46K 
                Rule 13A-14(A)) by Principal Accounting Officer                  
13: EX-32.1     Section 1350 Certification (Pursuant to             HTML     40K 
                Sarbanes-Oxley Section 906) by Chief Executive                   
                Officer                                                          
14: EX-32.2     Section 1350 Certification (Pursuant to             HTML     40K 
                Sarbanes-Oxley Section 906) by Principal Financial               
                Officer                                                          
15: EX-32.3     Section 1350 Certification (Pursuant to             HTML     40K 
                Sarbanes-Oxley Section 906) by Principal                         
                Accounting Officer                                               
22: R1          Document And Entity Information                     HTML     66K 
23: R2          Consolidated Statement Of Income                    HTML     98K 
24: R3          Consolidated Statement Of Income (Parenthetical)    HTML     40K 
25: R4          Consolidated Statement Of Comprehensive Income      HTML     74K 
26: R5          Consolidated Balance Sheet                          HTML    124K 
27: R6          Consolidated Balance Sheet (Parenthetical)          HTML     45K 
28: R7          Consolidated Statement Of Cash Flows                HTML    128K 
29: R8          Consolidated Statement Of Changes In Equity         HTML    109K 
30: R9          Summary Of Accounting Policies                      HTML     73K 
31: R10         Accounting Changes                                  HTML     47K 
32: R11         Miscellaneous Financial Information                 HTML     51K 
33: R12         Other Comprehensive Income Information              HTML    140K 
34: R13         Cash Flow Information                               HTML     52K 
35: R14         Additional Working Capital Information              HTML     65K 
36: R15         Equity Company Information                          HTML    129K 
37: R16         Investments, Advances And Long-Term Receivables     HTML     52K 
38: R17         Property, Plant And Equipment And Asset Retirement  HTML     76K 
                Obligations                                                      
39: R18         Accounting For Suspended Exploratory Well Costs     HTML    215K 
40: R19         Leased Facilities                                   HTML     74K 
41: R20         Earnings Per Share                                  HTML     54K 
42: R21         Financial Instruments And Derivatives               HTML     47K 
43: R22         Long-Term Debt                                      HTML    114K 
44: R23         Incentive Program                                   HTML     75K 
45: R24         Litigation And Other Contingencies                  HTML     74K 
46: R25         Pension And Other Postretirement Benefits           HTML    686K 
47: R26         Disclosures About Segments And Related Information  HTML    247K 
48: R27         Income, Sales-Based And Other Taxes                 HTML    220K 
49: R28         Subsequent Events                                   HTML     42K 
50: R29         Summary Of Accounting Policies (Policy)             HTML    103K 
51: R30         Miscellaneous Financial Information (Tables)        HTML     48K 
52: R31         Other Comprehensive Income Information (Tables)     HTML    141K 
53: R32         Cash Flow Information (Tables)                      HTML     45K 
54: R33         Additional Working Capital Information (Tables)     HTML     63K 
55: R34         Equity Company Information (Tables)                 HTML    123K 
56: R35         Investments, Advances And Long-Term Receivables     HTML     51K 
                (Tables)                                                         
57: R36         Property, Plant And Equipment And Asset Retirement  HTML     70K 
                Obligations (Tables)                                             
58: R37         Accounting For Suspended Exploratory Well Costs     HTML    217K 
                (Tables)                                                         
59: R38         Leased Facilities (Tables)                          HTML     70K 
60: R39         Earnings Per Share (Tables)                         HTML     52K 
61: R40         Long-Term Debt (Tables)                             HTML    113K 
62: R41         Incentive Program (Tables)                          HTML     64K 
63: R42         Litigation And Other Contingencies (Tables)         HTML     59K 
64: R43         Pension And Other Postretirement Benefits (Tables)  HTML    694K 
65: R44         Disclosures About Segments And Related Information  HTML    245K 
                (Tables)                                                         
66: R45         Income, Sales-Based And Other Taxes (Tables)        HTML    215K 
67: R46         Miscellaneous Financial Information (Narrative)     HTML     49K 
                (Details)                                                        
68: R47         Miscellaneous Financial Information (Crude Oil,     HTML     47K 
                Products And Merchandise) (Details)                              
69: R48         Other Comprehensive Income Information (Schedule    HTML    106K 
                of Accumulated Other Comprehensive Income                        
                Information) (Details)                                           
70: R49         Other Comprehensive Income Information (Amounts     HTML     47K 
                Reclassified Out Of Acc Other Comp Income)                       
                (Details)                                                        
71: R50         Other Comprehensive Income Information (Schedule    HTML     55K 
                Of Income Tax (Expense)/Credit For Components Of                 
                Other Comprehensive Income) (Details)                            
72: R51         Cash Flow Information (Cash Payments For Interest   HTML     60K 
                And Income Taxes) (Details)                                      
73: R52         Additional Working Capital Information (Narrative)  HTML     42K 
                (Details)                                                        
74: R53         Additional Working Capital Information (Schedule    HTML     79K 
                Of Notes, Accounts Receivable And Payable, Loans                 
                Payable, Accrued Liabilities) (Details)                          
75: R54         Equity Company Information (Narrative) (Details)    HTML     43K 
76: R55         Equity Company Information (Schedule Of Equity      HTML     78K 
                Company Financial Summary) (Details)                             
77: R56         Equity Company Information (Schedule Of The         HTML     90K 
                Corporation's Percentage Ownership Interest)                     
                (Details)                                                        
78: R57         Investments, Advances And Long-Term Receivables     HTML     53K 
                (Details)                                                        
79: R58         Property, Plant And Equipment And Asset Retirement  HTML     52K 
                Obligations (Narrative) (Details)                                
80: R59         Property, Plant And Equipment And Asset Retirement  HTML     54K 
                Obligations (Property, Plant And Equipment)                      
                (Details)                                                        
81: R60         Property, Plant And Equipment And Asset Retirement  HTML     53K 
                Obligations (Asset Retirement Obligations)                       
                (Details)                                                        
82: R61         Accounting For Suspended Exploratory Well Costs     HTML     49K 
                (Narrative) (Details)                                            
83: R62         Accounting For Suspended Exploratory Well Costs     HTML     50K 
                (Change In Capitalized Suspended Exploratory Well                
                Costs) (Details)                                                 
84: R63         Accounting For Suspended Exploratory Well Costs     HTML     53K 
                (Schedule Of Period End Capitalized Suspended                    
                Exploratory Well Costs) (Details)                                
85: R64         Accounting For Suspended Exploratory Well Costs     HTML     43K 
                (Schedule Of Number Of Projects With Suspended                   
                Exploratory Well Costs) (Details)                                
86: R65         Accounting For Suspended Exploratory Well Costs     HTML    228K 
                (Schedule Of Additional Detail For The Projects)                 
                (Details)                                                        
87: R66         Leased Facilities (Narrative) (Details)             HTML     40K 
88: R67         Leased Facilities (Leased Facilities) (Details)     HTML     64K 
89: R68         Leased Facilities (Net Rental Cost) (Details)       HTML     43K 
90: R69         Earnings Per Share (Details)                        HTML     51K 
91: R70         Financial Instruments And Derivatives (Narrative)   HTML     63K 
                (Details)                                                        
92: R71         Long-Term Debt (Narrative) (Details)                HTML     62K 
93: R72         Long-Term Debt (Summarized Long-Term Debt)          HTML    162K 
                (Details)                                                        
94: R73         Incentive Program (Narrative) (Details)             HTML     82K 
95: R74         Incentive Program (Summary Of Restricted Stock And  HTML     56K 
                Units Outstanding) (Details)                                     
96: R75         Incentive Program (Grant Value Of Restricted Stock  HTML     46K 
                And Units) (Details)                                             
97: R76         Litigation And Other Contingencies (Narrative)      HTML     57K 
                (Details)                                                        
98: R77         Litigation And Other Contingencies (Schedule Of     HTML     52K 
                Guarantees) (Details)                                            
99: R78         Pension And Other Postretirement Benefits           HTML     69K 
                (Narrative) (Details)                                            
100: R79         Pension And Other Postretirement Benefits (Benefit  HTML     88K  
                Obligations And Plan Assets Associated With                      
                Principal Benefit Plans) (Details)                               
101: R80         Pension And Other Postretirement Benefits (Change   HTML     69K  
                In Plan Assets Of Pension And Other Postretirement               
                Benefits) (Details)                                              
102: R81         Pension And Other Postretirement Benefits (Summary  HTML     48K  
                Of Assets In Excess Of/(Less Than) Benefit                       
                Obligation) (Details)                                            
103: R82         Pension And Other Postretirement Benefits (Assets   HTML     73K  
                Recorded In Balance Sheet And Other Comprehensive                
                Income) (Details)                                                
104: R83         Pension And Other Postretirement Benefits           HTML    107K  
                (Long-Term Rates Of Pension And Other                            
                Postretirement Benefits) (Details)                               
105: R84         Pension And Other Postretirement Benefits (Summary  HTML     61K  
                Of The Change In Accumulated Other Comprehensive                 
                Income) (Details)                                                
106: R85         Pension And Other Postretirement Benefits (Fair     HTML    115K  
                Value Of Benefit Plan Assets) (Details)                          
107: R86         Pension And Other Postretirement Benefits (Fair     HTML     69K  
                Value Of Benefit Plan Assets - Other                             
                Postretirement) (Details)                                        
108: R87         Pension And Other Postretirement Benefits (Pension  HTML     56K  
                Plans With Accumulated Benefit Obligation In                     
                Excess Of Plan Assets) (Details)                                 
109: R88         Pension And Other Postretirement Benefits           HTML     48K  
                (Estimated Amortization) (Details)                               
110: R89         Pension And Other Postretirement Benefits           HTML     81K  
                (Expected Contribution Pension Benefits And Other                
                Postretirement Benefits) (Details)                               
111: R90         Disclosures About Segments And Related Information  HTML     39K  
                (Narrative) (Details)                                            
112: R91         Disclosures About Segments And Related Information  HTML    112K  
                (Schedule Of Segments And Related Information)                   
                (Details)                                                        
113: R92         Disclosures About Segments And Related Information  HTML     65K  
                (Schedule Of Geographic Sales And Other Operating                
                Revenue) (Details)                                               
114: R93         Disclosures About Segments And Related Information  HTML     60K  
                (Schedule Of Long-Lived Assets By Geographic                     
                Regions) (Details)                                               
115: R94         Income, Sales-Based And Other Taxes (Narrative)     HTML     65K  
                (Details)                                                        
116: R95         Income, Sales-Based And Other Taxes (Schedule Of    HTML     88K  
                Income, Sales-Based And Other Taxes) (Details)                   
117: R96         Income, Sales-Based And Other Taxes                 HTML     89K  
                (Reconciliation Between Income Tax Expense And                   
                Theoretical U.S. Tax) (Details)                                  
118: R97         Income, Sales-Based And Other Taxes (Deferred       HTML     65K  
                Income Taxes Assets And Liabilities) (Details)                   
119: R98         Income, Sales-Based And Other Taxes (Deferred       HTML     47K  
                Income Tax (Assets) And Liabilities By Balance                   
                Sheet Classification) (Details)                                  
120: R99         Income, Sales-Based And Other Taxes (Unrecognized   HTML     53K  
                Tax Benefits) (Details)                                          
121: R100        Income, Sales-Based And Other Taxes (Remaining Tax  HTML     74K  
                Years Subject To Examination By Major Tax                        
                Jurisdiction) (Details)                                          
122: R101        Subsequent Events (Narrative) (Details)             HTML     76K  
124: XML         IDEA XML File -- Filing Summary                      XML    235K  
123: EXCEL       IDEA Workbook of Financial Reports                  XLSX    150K  
16: EX-101.INS  XBRL Instance -- xom-20161231                        XML   6.53M 
18: EX-101.CAL  XBRL Calculations -- xom-20161231_cal                XML    369K 
19: EX-101.DEF  XBRL Definitions -- xom-20161231_def                 XML   1.26M 
20: EX-101.LAB  XBRL Labels -- xom-20161231_lab                      XML   3.12M 
21: EX-101.PRE  XBRL Presentations -- xom-20161231_pre               XML   1.93M 
17: EX-101.SCH  XBRL Schema -- xom-20161231                          XSD    337K 
125: ZIP         XBRL Zipped Folder -- 0000034088-17-000017-xbrl      Zip    409K  


‘EX-10.(III) (D)’   —   Exxonmobil Executive Life Insurance and Death Benefit Plan


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 <>   

 

EXHIBIT 10(iii)(d)

 

 

EXXONMOBIL EXECUTIVE LIFE INSURANCE AND

DEATH BENEFIT PLAN

 

 

1.                   Participation 

 

1.1          Covered Executive

Each covered executive is a participant  in this Plan.

 

1.2          Retiree 

(A)          In General

Except as provided in paragraph (B) below, each person who becomes a retiree  on or after the effective date, and who is a covered executive immediately prior to becoming a retiree  is a participant  in this Plan. In addition, each grandfathered retiree is a participant  in the Plan.

(B)          Exception 

A retiree  will cease to be a participant  during the time the retiree  is a suspended retiree

 

1.3          Cessation of Participant Status

(A)          Termination of Employment

(1)           In General

Except as provided in paragraphs (2) through (4) below, a covered executive will cease to be a participant  31 days after the covered executive terminates employment without becoming a retiree

(2)           Exception for Long Term Disability

A covered executive who terminates employment with eligibility for long-term disability benefits under the ExxonMobil Disability Plan, will cease to be a participant  at the earlier of

(a)           one year after terminating employment, or

(b)           the date the person is no longer eligible for long-term disability benefits on account of ceasing to be disabled

(3)           Exception for Coverage Provided Through Death Benefit

If, at the time a covered executive terminates employment he or she has elected to receive executive life coverage in the form of a death benefit, the covered executive will cease to be a participant  on the date of such termination of employment.

(4)           Exception for Transition Severance Terminees

(a)           In General

A covered executive who terminates employment without becoming a retiree  shall continue to be a participant  for a period of one year from the date of such termination of employment, but only if the person is eligible for a benefit under the Exxon Transition Severance Plan, or if the Corporation, acting through its management, determines that the covered executive is otherwise eligible for such continued participation.

(b)           Termination of Provision

This paragraph (4) shall not apply to any covered executive who terminates employment after August 31, 2000.

(B)          Suspended Retirees

A retiree  or grandfathered retiree will cease to be a participant  during the time the person is a suspended retiree

 

 

2.             Coverage 

 

2.1          When and How Coverage is Provided

(A)          In General

(1)           Executive Life Coverage

Executive life coverage is automatically provided to all participants  other than grandfathered retirees

(2)           Supplemental Group Life Coverage

Supplemental group life coverage is automatically provided to all participants  who are grandfathered retirees

1


 

(B)          Life Insurance or Death Benefit Option

(1)           In General

Both executive life coverage and supplemental group life coverage is automatically provided under the Plan as life insurance unless a participant  elects to receive coverage in the form of a death benefit.

(2)           Election 

Participants may, at any time, elect to receive executive life or supplemental group life coverage, whichever is applicable, as a death benefit, and may revoke any such election. An election or revocation under this paragraph (2) shall be made in accordance with procedures established by the administrator

(3)           When Election is Effective

(a)           Death Benefit

An election under paragraph (2) above to receive executive life or supplemental group life coverage as a death benefit shall become effective on the first of the month following the receipt of such election by the administrator

(b)           Revocation of Election

A participant's  revocation of a death benefit election in favor of receiving executive life or supplemental group life coverage as life insurance becomes effective on the first of the month following the date the administrator  receives notification from the insurer  that the insurer  has, in its discretion, approved evidence of insurability submitted by the participant

(4)           Reinstatement of Coverage

If a participant's  executive life or supplemental group life coverage is reinstated after a period in which the participant  was ineligible for coverage under section 1.3(B) above on account of becoming a suspended retiree, such coverage shall be reinstated under the option (i.e., life insurance or a death benefit) in force at the time coverage was lost.

(C)          Termination of Coverage

Executive life or supplemental group life coverage terminates for an individual on the date the individual ceases to be a participant

 

2.2          Amount of Benefit

(A)          Executive Life Coverage

(1)           In General

Except as provided in paragraph (2) below, the amount of executive life coverage in effect for a participant  is equal to the applicable percentage determined under the following chart multiplied by the participant's  annual base pay:

If the participant's age is

The percentage is

Under 65

400%

65-69

350%

70-74

300%

75 and over

250%

 

For this purpose, a participant  attains a particular age as of the first day of the month in which the person will turn such age. In addition, a covered executive's annual base pay is the base pay in effect at the time coverage is determined, and a retiree's  base pay is the base pay in effect for the person immediately before the person became a retiree

(2)           Transition Severance Terminees

The amount of executive life coverage in effect for a person who is a participant  solely on account of section 1.3(A)(4) above relating to transition severance terminees is 200% of the person's annual base pay in effect immediately before the person's termination of employment.

(B)          Supplemental Group Life Coverage

Supplemental Group Life Coverage is provided

(1)           during retirement to all grandfathered retirees, and

(2)           during employment to those persons who become grandfathered retirees after the effective date

The amount of supplemental group life coverage in effect for a grandfathered retiree is equal to the amount of coverage in effect for the person under the provisions of the Supplemental Group Life Insurance Plan or Supplemental Group Death Benefit Plan (as such plans existed on December 31, 1999) as of the later of December 31, 1999 or the date the person retires. The amount of supplemental group life coverage in effect during employment for a person who becomes a grandfathered retiree after the effective date is the amount of coverage to which they are entitled under the terms of the Supplemental Group Life Insurance Plan or Supplemental Group Death Benefit Plan (as such plans existed on December 31, 1999).

2


 

 

 

3.             Payment of Benefit

 

3.1          Conditions for Payment of Benefit

If a participant  dies while executive life or supplemental group life coverage for that participant  is in effect, then the amount of coverage then in effect for the participant  becomes payable; provided, that proof of death satisfactory to the insurer  must be provided before any benefit becomes payable as life insurance.

 

3.2          Form of Payment

A benefit payable under Section 3.1 above upon a participant's  death shall be paid in a lump sum.

 

3.3          Source of Payment

(A)          Life Insurance

Executive life and supplemental group life coverage in the form of life insurance shall be provided through one or more policies of insurance issued by an insurer  selected by the Corporation, and any executive life or supplemental group life benefit payable as insurance shall be paid pursuant to such policy or policies.

(B)          Death Benefit

Any executive life or supplemental group life benefit payable as a death benefit shall be paid from the general assets of the Corporation

 

3.4          To Whom Paid

A benefit payable under Section 3.1 above upon a participant's  death shall be paid as follows:

(A)          If a beneficiary designation is in effect at the time of the participant's  death, the benefit shall be paid in accordance with such designation.

(B)          If no beneficiary designation is in effect, the benefit shall be paid to the first of the following groups that has at least one member that survives the participant

(1)           The participant's  spouse.

(2)           The participant's  children. In this event, the benefit will be divided equally among the children who survive the participant  as well as the children who die before the participant  leaving children of their own who survive the participant. In the case of a participant's  child who dies before the participant  leaving children of his or her own who survive the participant, such child's share shall be divided equally among his or her surviving children.

(3)           The participant's  parents. In this event, the benefit will be divided equally among the parents if they both survive the participant

(4)           The participant's  brothers and sisters. In this event, the benefit will be divided equally among the brothers and sisters who survive the participant  as well as the brothers and sisters who die before the participant  leaving children of their own who survive the participant.  In the case of a brother or sister who dies before the participant  leaving children of his or her own who survive the participant, such brother or sister's share shall be divided equally among his or her surviving children.

(5)           The participant's  executors or administrators.

For purposes of this Paragraph (B), a spouse of a participant  shall include only someone who is the legal spouse of the participant, and a child, parent, brother, or sister of a participant  shall include only someone who is a legitimate blood relative of the participant  or whose relationship with the participant  is established by virtue of a legal adoption.

 

 

4.             Designation of Beneficiary

 

4.1          Designation 

A participant  may designate one or more beneficiaries to receive the payment of benefits upon the death of the participant, or may at any time change or cancel a previously made beneficiary designation.

 

4.2          Forms and Submission

Any beneficiary designation or change or cancellation thereof shall be made on such forms and in such manner as is satisfactory to the insurer. No beneficiary designation or change or cancellation thereof shall become effective until received by the insurer  or its designated agent.

3


 

 

4.3          Designation Made Under Prior Plans

Any beneficiary designation made by a participant  under the Supplemental Group Life Insurance Plan or Supplemental Death Benefit Plan that remains in effect on December 31, 1999, shall continue to be valid under this Plan on and after the effective date until and unless properly superseded.

 

 

5.             Miscellaneous 

 

5.1          Plan Funding

The funding for executive life and supplemental group life coverage, including the funding of premiums under any life insurance policy issued in connection with such coverage, shall be paid for by the Corporation; no participant  contributions will be required or permitted.

 

5.2          Assignment of Insurance

(A)          Assignment 

A participant  may assign to another owner the participant's  interest in his or her executive life or supplemental group life coverage provided in the form of life insurance. Such assignment shall be made on such forms and in such manner as is acceptable to the administrator  and the insurer

(B)          Effect of Assignment

(1)           In General

When an assignment of a participant's  coverage is in effect as described in paragraph (A) above, then, except as provided in paragraph (2) below, the participant's  assignee shall have the right to take all actions under the terms of this Plan with respect to such coverage that the participant  would otherwise have the right to take, including, without limitation, the right to designate a beneficiary.

(2)           Exception 

An assignee shall not have the right under this Plan to elect to receive executive life or supplemental group life coverage as a death benefit under section 2.1(B)(2) above or to revoke an already existing election.

(C)          Assignment Under Prior Plan

Any assignment of coverage made by a participant  under the Supplemental Group Life Insurance Plan shall continue to be valid under this Plan with respect to executive life and supplemental group life coverage.

 

5.3          Amendment and Termination

The Corporation  at any time, by action of any duly authorized officer, may amend or terminate this Plan in whole or in part.

 

5.4          Responsibilities and Authority of Administrator

The administrator  shall fulfill all duties and responsibilities of a "plan administrator" required by the Employee Retirement Income Security Act of 1974, as amended. The administrator  shall have the authority to control and manage the operation and administration of this Plan, including, without limitation:

(A)          discretionary and final authority to determine eligibility and to administer this Plan in its application to each participant  and beneficiary; and

(B)          discretionary and final authority to interpret this Plan, in whole or in part, including but not limited to, exercising such authority in conducting a full and fair review, with such interpretation being conclusive for all participants and beneficiaries under this Plan.

 

5.5          Claim Appeal Process

(A)          Submission of Appeal

In the event a claim for benefits is denied, the claimant has the right to appeal to the administrator. A written request to review a denied claim must be received by the administrator  within 90 days after the claim denial. The request may state the reasons the claimant believes he or she is entitled to Plan benefits, and may be accompanied by supporting information and documentation for the administrator's  consideration.

(B)          Decision 

The administrator  shall decide appeals in accordance with the administrator's  fiduciary authority set out in section 5.4 above. Appeal decisions will be made within 60 days of the receipt of the claim by the administrator  unless special circumstances warrant an extension of time.  If an extension of time is required, the administrator  will notify the claimant of the extension. In all cases, the decision will be made no later than 120 days after the receipt of the claim by the administrator. The appeal decision shall be in writing, specify the reasons for the decision, and refer to the relevant Plan provision(s) on which the decision is based.

4


 

 

5.6          Definitions 

The following terms shall have the following meanings ascribed to them:

(A)          "Administrator" means the Manager, Compensation and Executive Plans, Human Resources Department, Exxon Mobil Corporation.

(B)          "Corporation" means Exxon Mobil Corporation.

(C)          "Covered Employee" has the meaning set out in the ExxonMobil Benefit Plans Common Provisions.

(D)          "Covered Executive" means a covered employee who has a classification level of 35 or higher; provided, however, that the group of covered executives shall be frozen as of September 30, 2007, and no individual shall become a covered executive on or after October 1, 2007.

(E)           "Effective Date" means January 1, 2000.

(F)           "Grandfathered retiree" means a person who

(1)           became a retiree  prior to the effective date, and was covered under the Supplemental Group Life Insurance Plan or Supplemental Death Benefit Plan immediately prior to the effective date, or who

(2)           becomes a retiree  after the effective date after having been given the opportunity to elect and having elected continued coverage under the Supplemental Group Life Insurance Plan or Supplemental Death Benefit Plan.

(G)          "Insurer" means the insurance company that is the issuer of the policy of insurance described in section 3.3(A) above.

(H)          "Participant" means a covered executive, retiree, or grandfathered retiree, as the context requires.

(I)            "Retiree"

(1)           In General

"Retiree" has the meaning set out in the ExxonMobil Benefit Plans Common Provisions.

(2)           Transition Severance Cases

(a)           Treatment as Covered Annuitant

Solely for purposes of this Plan, a person who is described in paragraph (b) below shall be treated as if he or she were a retiree

(b)           Eligibility 

A person is described in this paragraph (b) if the person

(i)            terminates employment as a covered executive

(ii)           is at least 50 years old by the end of the month in which the termination of employment occurs;

(iii)          has at least 10 years of benefit plan service (as defined in the ExxonMobil Benefit Plans Common Provisions) at the time of the termination of employment; and

(iv)          upon termination of employment receives a benefit under the Exxon Transition Severance Plan.

(c)           Termination of Provision

This paragraph (2) shall not apply to any person who fails to meet the eligibility requirements set out in paragraph (b) above on or before August 31, 2000.

(J)            "Suspended retiree"

(1)           In General

"Suspended Retiree" means a person who becomes a retiree  by virtue of being incapacitated within the meaning of the ExxonMobil Disability Plan and commences long-term disability benefits under such Plan, but whose benefits under such Plan thereafter cease by virtue of

(a)           the person no longer being incapacitated, or

(b)           the person's failure to report non-rehabilitative employment.

(2)           Period 

A person remains a suspended retiree until the earlier of (1) the date the person attains age 55, or (2) the date the person commences his or her benefit or receives a lump-sum settlement under the ExxonMobil Pension Plan, at which time the person is again considered a retiree

5



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:2/22/174,  8-K
For Period end:12/31/1611-K,  SD
10/1/074,  UPLOAD
9/30/0710-Q
8/31/00
1/1/00
12/31/9910-K,  11-K
 List all Filings 


4 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/28/24  Exxon Mobil Corp.                 10-K       12/31/23  141:24M
 2/22/23  Exxon Mobil Corp.                 10-K       12/31/22  133:26M
 2/23/22  Exxon Mobil Corp.                 10-K       12/31/21  128:23M
 2/24/21  Exxon Mobil Corp.                 10-K       12/31/20  131:20M
Top
Filing Submission 0000034088-17-000017   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
AboutPrivacyRedactionsHelp — Sun., Apr. 28, 7:16:17.1am ET