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EXHIBIT10.10
EXXONMOBILSUPPLEMENTALSAVINGSPLAN
1.Purpose
ThepurposeofthisPlanistoprovideapaymentofapproximatelyequivalentvaluefromthegeneralassetsofExxon
MobilCorporation(“Corporation”)toapersonparticipatingintheExxonMobilSavingsPlan(“SavingsPlan”)who,
because of the application of United States Internal Revenue Code (“Code”) sections 415 and 401(a)(17) is
precluded from receiving employer contributions to the person's Savings Plan account to which the person would
otherwise be entitled.
2.Benefits
2.1Eligibility
ApersoniseligibletoreceivebenefitsunderthisPlanonlyifanyoneofthefollowingrequirementsismet
with respect to the person:
(A)The person becomes a retiree pursuant to section 4.1(A) (relating to age, service and LTD- eligibility
requirements)orsection4.1(D)(relatingtoretireegrow-insinconnectionwithcertain divestments)
of the ExxonMobil Common Provisions or a qualified plans retiree within the meaning of the
ExxonMobil Pension Plan (“Retiree”);
(C)theperson’semploymentisterminatedinconnectionwithasaleoftheassetstoabuyerorthe
outsourcing of a business operation to an outsourcing company, and the person continues in
employment until the closing date of the sale of assets or outsourcing;
(D)thepersonreceivesaseverancebenefitfromtheExxonMobilSpecialProgramofSeverance
Allowances, or similar severance program sponsored by the Corporation or an affiliate;
(E)ThePlanAdministratordetermines,initssoleandabsolutediscretion,thatthepersoniseligibleto
receive benefits under this Plan. In this regard, the Plan Administrator may from time to time adopt
eligibility standards or guidelines that may guide the Plan Administrator’s eligibility determinations,
and may in its discretion, modify, suspend, supersede, or cancel such standards or guidelines.
2.2BenefitFormula
(A)In General
For any participant eligible to receive benefits under this Plan, the value of such benefit is an amount that is
determined by notionally crediting on a monthly basis the amount of employer contributions that cannot be made to
the Savings Plan for that person as a result of application to that person of Code sections 415 and 401(a)(17). This
amount is enhanced by notional interest at 120percentofthelong-termApplicableFederalRate,compounded
monthly,asofthelastmonth of each calendar quarter as published by the Internal Revenue Service.
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(B)NotionalInterestRateforKeyEmployeesafterRetirement
Notwithstanding paragraph (A) above, for Participants who have a Classification Level of 35 or
above at the time of their termination of employment (“Key Employee”), notional interest for the
periodbetweenthedateofterminationofemploymentandthedateofpaymentshallbecreditedat
theCitibank PrimeLending Rateasof thelastbusinessday of each calendar quarter or, if theKey
Employee’s last day of employment is on or after November 1, 2022, at the interest rate
determinedundersection4.4(D)(3)(b)(iii)ofPart1oftheExxonMobilPensionPlanonthefirstof
the month immediately following the person’s last day of employment, but taking into account
only the first segment rate for this purpose.
2.3CalculationMethodology
Theexactmethodologyusedindeterminingsuchmonthlycreditsandinterestthereonwillbeestablished
from time to time by the Plan Administrator. General guidelines to be followed are:
(A)RequiredParticipantContributions
To the extent determined by those administering this Plan, a person is required to make regular
employeecontributionstotheperson'sSavingsPlanaccountuptothemaximumpermittedbythe
Code to receive credits under this Plan.
(B)DiscretionaryEmployeeContributions
PriortoJuly1,2002,apersonmaynotenhancetheamountscreditedunderthisPlanbymaking
discretionary employee contributions to the person's Savings Plan account.
3.PaymentofBenefits
Paymentofthebenefitdeterminedunderarticle2aboveshallbemadeinalumpsumassoonaspracticable
following the latest of the following times:
(A)theparticipant’sterminationofemploymentfromExxonMobil;
(B)InthecaseofaKeyEmployee,thesix-monthanniversaryoftheparticipant'sterminationofemployment;
(C)In the case of a participant whose Savings Plan account is transferred to a savings plan sponsored by
InfineumUSAInc.oranyofitsaffiliates("Infineum"),theparticipant’sterminationofemploymentfrom
Infineum; or
(D)InthecaseofaparticipantwhoseSavingsPlanaccountistransferredtoasavingsplansponsoredby
Tenneco, Inc. or any of its affiliates ("Tenneco"), the participant’s termination of employment from
Tenneco.
4.PaymentUponDeath
4.1In General
IfapersondiesasanemployeewitheligibilityforapensiondeathbenefitundertheExxonMobilPension Plan or as
a Retiree but before his benefit under this Plan is distributed to him, then such benefit shall be distributed as soon as
practicable after death to the person’s beneficiary determined under section 4.2 below.
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4.2DesignationofBeneficiaries
(A)In General
A person entitled to receive a payment under this Plan may name one or more designated
beneficiariestoreceivesuchpaymentintheeventoftheperson'sdeath.Beneficiarydesignations
shall be made in accordance with such procedures as the Plan Administrator may establish.
Spousalconsenttoanydesignationisnotrequired.
(B)DefaultBeneficiaries
(1)In General
Ifnospecificdesignationisineffect,thedeceased’sbeneficiaryisthepersonorpersons
inthefirstofthefollowingclassesofsuccessivebeneficiarieslivingatthetimeofdeath
of the deceased:
(a)spouse;
(b)childrenwhosurvivetheparticipantorwhodiebeforetheparticipantleaving
children of their own who survive the participant;
(c)parents;
(d)brothersandsisterswhosurvivetheparticipantorwhodiebeforetheparticipant
leaving children of their own who survive the participant.
Iftherearenomembersofanyclassofsuchbeneficiaries,paymentismadetothe
deceased’s executors or administrators.
(2)AllocationamongDefaultBeneficiaries
If the same class of beneficiaries under paragraph (1) above contains two or more
persons, they share equally, with further subdivision of such equal shares as next
provided. In class (b), where a child dies before the participant leaving children who
survivetheparticipant,suchchild'sshareissubdividedequallyamongthosechildren.In
class (d), where a brother or sister dies before the participant leaving children who
survive the participant, such brother or sister's share is subdivided equally among those
children.
(3)Definitions
For purposes of this Section 4.2, "child" means a person's son or daughter by legitimate blood relationship or legal
adoption; "parent" means a person's father or mother by legitimatebloodrelationshiporlegaladoption;"brother"or
"sister"meansanotherchild of either or both of one's parents.
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5.Miscellaneous
5.1AdministrationofPlan
ThePlanAdministratorshallbetheManager,Compensation,Benefits,&Policies,HumanResources
Department, Exxon Mobil Corporation. The Plan Administrator shall have the right and authority to
conclusively interpret this Plan for all purposes, including the determination of any person’s eligibility for
benefits hereunder and the resolution of any and all appeals relating to claims by participants or
beneficiaries, with any such interpretation being conclusive for all participants and beneficiaries.
5.2NatureofPayments
PaymentsprovidedunderthisPlanareconsideredgeneralobligationsoftheCorporation.
5.3AssignmentorAlienation
Exceptasprovidedinsection5.5below,paymentsprovidedunderthisPlanmaynotbeassignedor
otherwise alienated or pledged.
5.4AmendmentorTermination
The Corporation's parent entity, ExxonMobil Holdings Corporation ("Parent"), reserves the right to amend
or terminate this plan, in whole or in part, including the right atanytimetoreduceoreliminateanyaccrued
benefitshereunderandtoalteroramendthebenefitformula set out herein.
5.5ForfeitureofBenefits
No person shall be entitled to receive payments under this Plan and any payments received under this Plan
shallbeforfeitedandreturnedifitisdeterminedbytheCorporationinitssolediscretion,actingthrough
the Parent's Chief Executive Officer or such person or committee as the Chief Executive Officer may
designate, that a person otherwise entitled to a payment under this Plan or who has commenced receiving
payments under this Plan:
(A)engagedingrossmisconductharmfultotheCorporation, or any of its affiliates,
(B)committedacriminalviolationharmfultotheCorporation, or any of its affiliates,
(C)hadconcealedactionsdescribedinparagraph(A)or(B)abovewhichwouldhavebroughtabout
termination fromemploymentthereby making theperson ineligiblefor benefitsunder thisPlan,
(D)separatedfromservicepriortoattainingage65withouthavingreceivedfromtheParentor its
delegate prior written approval for such termination, given in the sole discretion of the Parentor
itsdelegateandinthecontextofrecognitionthatbenefitsunderthisPlanwould not be forfeited
upon such termination, or
(E)hadbeenterminatedforcause.