FORM OF RETENTION AGREEMENT
Because you are an important part of the management and professional team of Texas Eastern Products Pipeline
Company, LLC (“Company”), the general partner of TEPPCO Partners, L.P. (the “Partnership”), it has been
determined that it is in the best interests of the Partnership and its unit holders to offer you appropriate incentives
to continue to focus on the business of the Partnership during the shared-service integration process between the
EPCO, Inc. (“EPCO”) family of entities and the Company. Only those employees who are selected shall be
eligible to participate in this retention program.
The retention program is implemented through individualized agreements entered into between EPCO and each
participant which becomes effective with respect to a participant immediately upon such participant and an
appropriate officer of EPCO executing same.
This Retention Agreement (“Agreement”) is made and entered into effective , 2006, (“Effective
Date”) between EPCO and (“Employee”).
WHEREAS, EPCO desires to enter into this Agreement with Employee to provide a method for providing
retention payment to encourage continued high performance and to encourage Employee to remain employed
through the shared-service integration process.
NOW, THEREFORE, in consideration thereof and of the covenants hereafter set forth, the parties hereby agree
Provided Employee shall have remained as an active fulltime employee of EPCO from the Effective Date through
December 31, 2007 without interruption, EPCO shall pay to Employee in cash, on or before January 31, 2008,
a gross amount equal to the product of the amount of Employee’s base annual salary on December 31, 2007
times %, less applicable withholding (“Retention Payment”).
In addition, Employee must maintain a satisfactory level of performance during the retention period to be eligible
for the Retention Payment. In the event Employee is