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Title: |
Executive Deferral Plan |
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Date: |
2002 |
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Size: |
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Price: |
$43 |
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ID: |
#913731 |
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Lyondell Chemical Company
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EXECUTIVE DEFERRAL PLAN
Effective January 1, 2002
<PAGE>
Lyondell Chemical Company
Executive Deferral Plan
Table of Contents
-----------------
<TABLE>
<CAPTION>
Page
<S> <C>
ARTICLE I ................................................................................................1
Section 1.1 Purpose and Intent of Plan......................................................................1
Section 1.2 Effective Date of Plan..........................................................................1
Section 1.3 Definitions.....................................................................................1
ARTICLE II ................................................................................................5
Section 2.1 Eligibility and Participation...................................................................5
Section 2.2 Forms of Deferral...............................................................................5
Section 2.3 Deferral Elections..............................................................................5
Section 2.4 Limitation on Deferral..........................................................................5
Section 2.5 Termination of Employment.......................................................................6
Section 2.6 Transfers.......................................................................................6
Section 2.7 Modification of Deferral Elections..............................................................6
ARTICLE III ................................................................................................7
Section 3.1 Accounts........................................................................................7
Section 3.2 Deferral Compensation...........................................................................7
Section 3.3 Interest Rate...................................................................................7
Section 3.4 Determination of Accounts.......................................................................7
Section 3.5 Vesting of Accounts.............................................................................8
Section 3.6 Statement of Accounts...........................................................................8
ARTICLE IV ................................................................................................9
Section 4.1 Basic Plan Benefit..............................................................................9
Section 4.2 Form and Time of Retirement Distribution........................................................9
Section 4.3 Form of Distribution upon Termination of Employment............................................10
Section 4.4 Survivor Benefits..............................................................................10
Section 4.5 Early Distributions............................................................................12
Section 4.6 Unscheduled Distributions......................................................................13
Section 4.7 Disability.....................................................................................13
Section 4.8 Termination of Employment Due to Special Circumstances.........................................14
Section 4.9 Valuation and Settlement.......................................................................14
Section 4.10 Small Benefit..................................................................................14
Section 4.11 Benefits in the Event of a Change in Control...................................................14
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