Compensation and Additional Employee Benefits - U.S.

Below are some of the highlights of additional major benefits and plans available to most U.S.-paid employees at ConocoPhillips and is not a summary plan description or official plan document. If there is any conflict between this information and the official plan documents, the official plan documents will govern.

See also: Health and Welfare Benefits

Compensation
  • Regular base pay (including overtime for non-exempt and hourly jobs)
  • Annual cash bonus based upon company, business and individual performance
  • Eligibility for Restricted Stock Units at certain grade levels
  • Annual salary adjustments opportunities
 
Retirement Plan
  • All new hires participate in a cash balance plan
  • Eligible on the first day of the month after start date
  • 6, 7 or 9% of pay added monthly to your account based upon age and service points
  • Interest added monthly to your account based upon prior month's balance
  • 100% vested after 3 years of service (at least 1000 hours per year)
 
Savings Plan
  • The plan has a Stock Savings Feature and a Thrift Feature. Employees may enroll in one or both features.
  • In the Stock Savings Feature, employees may contribute 1% of eligible pay on a before-tax basis to be invested in ConocoPhillips stock. Participating employees receive a semiannual allocation of ConocoPhillips stock as of June 30 and Dec. 31 of each year based on their contributions to the Stock Savings Feature during the allocation period. The target allocation is 8%, which means participating employees could receive $8 for every $1 contributed. Employees can immediately diversify by transferring some or all of the shares of ConocoPhillips stock into several other investment funds available under the plan.
  • In the Thrift Feature, employees may contribute up to 75% of eligible pay on a before-tax, after-tax, or Roth 401(k)basis. The Company will match $1 for $1 up to 1.25% of eligible pay. Employees have a choice of several investment funds among which to invest their contributions and the Company matching contributions.
  • Generally, active employees on the direct U.S. dollar payroll of a ConocoPhillips company that has adopted this plan are immediately eligible to participate in the plan.
  • Participants are immediately 100% vested in all amounts credited to their account including the company semi-annual allocation and matching contributions. 
     
Severance Plan
  • Maximum 60 weeks pay
  • Educational Reimbursment
Paid Time Off
  • Vacation, Holidays, Family illness
 Careers with Energy - Be challenged. Daily.
 
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