| Compensation |
- Regular base pay (including overtime for non-exempt and hourly jobs).
- Incentive pay for meeting certain performance targets.
- Eligibility for Restricted Stock Units at certain grade levels.
- Job grading system.
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| Retirement Plan |
- All employees of ConocoPhillips hired beginning Jan. 1, 2003, will participate in a cash balance plan.
- 5-year cliff vesting (100% vested after 5 years of vesting service; beginning January 2008, vested after three years).
- Monthly pay credit amount of 6%, 7% or 9% depending on points (age and service points).
- Monthly interest crediting rate of the monthly equivalent of the effective annual interest rate of the 30-Year Treasury Securities Rate (changes quarterly).
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| Other Employee-Paid Benefits |
- Dependent Care Spending Account
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| Paid Time Off |
- Vacation, Holidays, Family illness, etc.
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| Other Employee-Paid Benefits |
- Long-Term Care Insurance
- Health Care Spending Account
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| Savings Plan |
- The plan has a Thrift Feature and a Stock Savings Feature. Employees may enroll in one or both features.
- In the Thrift Feature, employees may deposit up to 30% of eligible pay on a before-tax basis, after-tax basis, or a combination both. Participating employees receive $1 for each $1 deposited up to 1.25% of eligible pay. Allows immediate diversification to a wide range of investments.
- In the Stock Savings Feature, employees may deposit 1% of eligible pay on a before-tax basis. Participating employees receive a semiannual allocation of ConocoPhillips stock as of June 30 and Dec. 31 of each year based on the employee’s deposits to the Stock Savings Feature during the allocation period. The allocation target is 8%, which means participating employees receive $8 for each $1 deposited.
- Generally, you are eligible to enroll if you are an employee on the direct U.S. dollar payroll of a ConocoPhillips company that adopted this plan.
- Participants are immediately vested in all amounts credited to their accounts in all funds.
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