Employee Benefits HANDBOOK - ConocoPhillips

[Pages:51]SUPPLEMENT TO THE CONOCOPHILLIPS EMPLOYEE MEDICAL PLAN

This supplement is a legally required Summary of Material Modifications (SMM) to the ConocoPhillips Employee Medical Plan ("Medical Plan"), a component plan of the ConocoPhillips Medical and Dental Assistance Plan. When combined with the Employee Benefits Handbook effective January 1, 2021, these documents summarize the terms of the Medical Plan and all amendments related to Medical Plan through December 31, 2020. The current change is described below with reference to the specific page of the 2021 Employee Benefits Handbook. Please retain this SMM with your 2021 Employee Benefits Handbook.

Page B-6, the Section titled Dependent Eligibility, in the last paragraph of the left column addressing children, is amended as to eligibility of a disabled dependent age 26 or older to read as follows:

You can cover the child/stepchild/domestic partner's child if he or she is: - Under age 263, or - A disabled dependent over age 26 who was disabled prior to age 26.

3. Your child is considered an eligible dependent up to age 26 regardless of student status, marital status, employment status and/or IRS dependent requirements.

Please note, your receipt of this email does not necessarily mean you are eligible for or participating in this plan. To be eligible to participate in a particular plan, you must meet the eligibility requirements outlined for that plan. The Company reserves the right to amend or terminate a plan at any time in its sole discretion.

2021 EMPLOYEE BENEFITS HANDBOOK

Effective January 1, 2021

Welcome

Welcome to the ConocoPhillips Employee Benefits Handbook

ii

Contacts

A-1

Employee Medical Plan

B-1

Employee Vision Plan

C-1

Employee Dental Plan

D-1

Flexible Spending Plan

E-1

Employee Assistance Plan

F-1

Employee Life Insurance

G-1

Employee Accidental Death & Dismemberment Insurance

H-1

Short-Term Disability Benefits

I-1

Long-Term Disability Insurance

J-1

Severance Pay Plan

K-1

Other Information/ERISA

L-1

Glossary

M-1

Houston Onsite Medical Clinic Employee Plan

N-1

This handbook is the Summary Plan Description (SPD) for the ConocoPhillips health and welfare plans. Additionally if you are enrolled in a plan that's insured and provides you an insurance contract and Certificate of Coverage, that insurance contract and the Certificate of Coverage will be considered a part of the SPD for that insured plan. When you enroll you will receive information about how to access the current cost for most of the plans described in this handbook. That information and any Summaries of Material Modifications that are issued should be maintained with this handbook. If you are enrolled in a plan that's insured by an insurance contract, sections of this handbook that do not apply to you will be indicated. Some employees are not eligible to participate in the plans described in this handbook. Receipt of this handbook does not mean you are eligible to participate in all the plans described. To be eligible to participate in a particular plan, you must meet the eligibility requirements outlined for that plan. This handbook does not describe health and welfare benefits for retired employees. Every effort has been made to ensure the accuracy of this handbook. If there is any conflict between this handbook and the official plan documents, the official plan documents will control. If an insurance contract exists, it is part of the official plan document and will control. Nothing in this handbook creates an employment contract between ConocoPhillips Company or its subsidiaries and affiliates and any employee. The Company reserves the right to amend or terminate a plan at any time, in its sole discretion, according to the terms of the plan.

2021 Welcome

i

Welcome to the ConocoPhillips Employee Benefits Handbook

ConocoPhillips is committed to your overall health and well-being, and we're pleased to offer a quality, competitive benefits package that provides valuable health care and financial protection for you and your family.

Your benefits are a significant part of your total compensation at ConocoPhillips, and it's your responsibility to make sure you understand them and use them wisely. This easy-to-use handbook, which features important information about our health and welfare benefit plans, is designed to help you do just that.

ii

Welcome 2021

Features to Help You

Within the handbook, you'll find features to help increase your understanding of the benefit plan being described. These features include:

? Examples -- We've included several examples of your

benefits at work. As you see your benefits "in action," you'll get a working understanding of the mechanics of your ConocoPhillips benefit plans and how they might apply to you.

? Icons -- The following icons placed throughout the text

highlights essential information for you:

p Refers you to other sections in the handbook that

provide additional information on the subject.

c Highlights information of special importance.

? Contacts -- For easy reference, this chapter, located at

the front of the handbook, provides you with the phone numbers, addresses, and websites for benefit plan resources when you have questions or need contact information.

? Glossary -- Some benefit terms used in this handbook

have very specific meanings. These terms are underlined throughout this book, and you'll find their definitions in the "Glossary" at the end of the handbook.

Staying Up to Date

The benefit information in this handbook will be updated from time-to-time, as necessary. When that happens, you'll receive a notice of what's changing and when. Be sure to keep any updates with this handbook for easy access.

Additional information about your ConocoPhillips benefits is available on hr..

2021 Welcome

iii

Welcome 2021

Contacts

A

Health and Welfare Plans

A-2

Plan Administration

A-2

COBRA Administration

A-2

Claims and Services

A-3

Medical and Prescription Drug

A-3

Vision Benefits

A-5

Dental Benefits

A-5

Flexible Spending Plan

A-5

Disability Benefits

A-6

Life and Accidental Death & Dismemberment (AD&D) Insurance

A-7

Employee Assistance Plan (EAP)

A-8

ConocoPhillips Severance Pay Plan

A-9

Houston Onsite Medical Clinic Employee Plan

A-9

= Mobile Accessible

2021 Contacts

A-1

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