PREMCOR REFINING GROUP INC
EIGTH AMENDMENT TO THE PREMCOR PENSION PLAN
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<DESCRIPTION>EIGTH AMENDMENT TO THE PREMCOR PENSION PLAN
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 10.7 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">EIGHT AMENDMENT TO THE </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="2">PREMCOR RETIREMENT SAVINGS PLAN </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS, The Premcor
Refining Group Inc. (&#147;Company&#148;) previously adopted the Premcor Retirement Savings Plan (&#147;Plan&#148;); and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS, the Company reserved the right to amend the Plan pursuant to Section 16.1 thereof; and </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS, the Company and the Paper, Allied-Industrial, Chemical &amp; Energy
Workers International Union Local 5-0631 West Memphis and Riverside Terminals Maintenance and Operating Employees have agreed to certain provisions in the collective bargaining agreement effective January 1, 2004 and executed on February 24, 2004;
and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS, effective January 1, 2004, the Company desires to
amend the Plan to reflect such agreement; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS, the
Company and the Paper, Allied-Industrial, Chemical &amp; Energy Workers International Union Local 2-898 have agreed to certain provisions conditioned upon the successful closing of the Asset Purchase and Sales Agreement dated the 30</FONT><FONT
FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>th</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> day of March, 2004, between the Company and Motiva Enterprises LLC; and </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS, effective as of May 1, 2004, the Company desires to amend the Plan
to reflect its agreement with the union; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">NOW, THEREFORE,
effective as indicated below, the Plan is amended as follows: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">1. Section 2.9 is amended by adding the following sentences to the end thereof: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Effective January 1, 2004, &#147;Employee&#148; shall include a person employed at the Employer&#146;s West Memphis and Riverside
Terminals who is represented by the Paper, Allied-Industrial, Chemical &amp; Energy Workers International Union Local 5-0631 (&#147;PACE Local 5-0631&#148;) and who is covered by the collective bargaining agreement between the Employer and PACE
Local 5-0631. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Effective May 1, 2004,
&#147;Employee&#148; shall include a person employed at the Employer&#146;s Delaware City Refinery who is represented by the Paper, Allied-Industrial, Chemical &amp; Energy Workers International Union Local 2-898 (the &#147;PACE Local 2-898&#148;)
and who is covered by the collective bargaining agreement effective February 1, 2002, as amended and agreed upon by the Employer and the PACE Local 2-898. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">2. Section 2.25 is deleted in its entirety and replaced with the following: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">2.25 <U>Union Participant.</U> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;Union Participant&#148; means a Participant who is a member of a collective bargaining unit as to which retirement benefits have
been the subject of good faith bargaining, other than (i) effective January 1, 2004, a person employed at the Employer&#146;s West Memphis and </FONT>
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Riverside Terminals and represented by PACE Local 5-0631 or (ii) effective May 1, 2004, a person employed
at the Employer&#146;s Delaware City Refinery and represented by the PACE Local 2-898. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">3. Section 3.2 is amended by deleting the first paragraph thereof and replacing it with the following: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;Except as provided in this Section 3.2 below, each Employee not described in Section 3.1 shall become a Participant hereunder as of
the later of (i) the date which is six (6) months after the date he or she first performs an Hour of Employment and (ii) the date he or she enrolls in the plan in accordance with the procedures established by the Plan Administrator. Effective
May&nbsp;1, 2004, each Employee at the Delaware City Refinery who, as of April 30, 2004, was a participant in the 401(k) plan for such employees at the Delaware City Refinery, shall become a Participant as of the date he or she enrolls in the Plan
in accordance with the procedures established by the Plan Administrator. Notwithstanding the preceding, (i) each other Employee at the Delaware City Refinery who is represented by the PACE Local 2/898, and (ii) each Employee (not described in
Section 3.1 or (i) above) who is not a Union Participant shall become a Participant hereunder as of the later of (a) the first day of the month coinciding with or next following the date which is one month after he or she first performs an Hour of
Employment and (b) the date he or she enrolls in the Plan in accordance with procedures established by the Plan Administrator. If a person is not an Employee when he or she satisfies this requirement, he or she shall not become a Participant until
the day he or she becomes an Employee and enrolls in the Plan in accordance with the procedures established by the Plan A<I></I>dministrator.&#148; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">IN WITNESS WHEREOF, the Company has caused this Amendment to be executed this 4 day of JUNE, 2004. </FONT></P> <P
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<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">PREMCOR INC.</FONT></P></TD></TR>
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<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">By:</FONT></TD>
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<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">/s/ James R. Voss</FONT></P></TD></TR>
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<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">James R. Voss, Senior Vice President</FONT></P></TD></TR>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">4 </FONT></P>

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