Document:

exhibit10-1_h.htm

Exhibit 10.1.h

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    AGL
      RESOURCES INC. 2007 OMNIBUS PERFORMANCE INCENTIVE PLAN

    STOCK
      APPRECIATION RIGHTS AGREEMENT

    

    This
      Agreement between AGL Resources Inc. (the “Company”) and the Recipient sets
      forth the terms of a stock appreciation rights (SARs) award granted under the
      above-named Plan.  Capitalized terms used herein and not otherwise
      defined shall have the meanings assigned to such terms in the Plan.

    

    Name
      of
      Recipient: _________________________________                                                                           SARs
      No.

    

    Date
      of
      Grant: _________________________________                                                                           Number
      of SARs:

    

    Base
      Price:  $___________ per share (no less than the Fair Market
      Value on date of grant)

    

    Benefit:  Upon
      the exercise of the SAR, the Recipient will receive an amount, payable in shares
      of our common stock, equal to the difference between the Fair Market Value
      of
      one share of our common stock on the date of exercise less the Base Price of
      the
      SAR, multiplied by the number of shares covered by the SAR.

    

    Exercisability: The
      SARs shall first become exercisable as follows:

     

       Immediately
      vested and exercisable upon date of
      grant.

    

    ________
      percent of SARs vested and
      exercisable on each anniversary of the date of grant; and

    

    Other:  _______________________________________________________________________________________

    

    Termination
      of Employment: If you terminate employment by reason of your death,
      Disability or Retirement, then upon such termination the SARs shall vest and
      become exercisable with respect to that number of shares originally scheduled
      to
      vest and become exercisable within twelve (12) months following such
      termination.  Any remaining portion of the SARs that was not vested
      and exercisable upon such termination of employment shall be forfeited as of
      the
      date of such termination.

    

    If
      you
      terminate employment for any other reason, then any portion of the SARs that
      was
      not vested and exercisable immediately before your termination of employment
      shall be forfeited as of the date of such termination.

    

    Change
      in Control: Notwithstanding the above, in the event of a Change in
      Control of the Company, the SARs shall become fully vested and exercisable
      pursuant to Section 10.2 of the Plan, if (a) they are not assumed or substituted
      by the Surviving Entity, or (b) they are assumed or substituted by the Surviving
      Entity, but within two years following the Change in Control your employment
      is
      terminated without Cause or you resign for Good Reason.

    

    Term
      of Exercisability:  Once all or a part of the SARs becomes
      exercisable, they shall remain exercisable until the earliest of:

    
      	
               

            	
              The
                one-year anniversary of your termination of employment due to death,
                Disability or Retirement

            

    

    

    
      	
               

            	
              The
                date of your termination of employment for any reason other than
                death,
                Disability or Retirement, or termination by the Company without
                Cause

            

    

    

    
      	
               

            	
              the
                date that is sixty (60) days following the date of your termination
                of
                employment by the Company without Cause or, if within two years of
                a
                Change in Control, your resignation for Good
                Reason

            

    

    

    
      	
               

            	
              The
                date that is [ten (10)] years from the date of
                grant

            

    

    

    
      	
               

            	
              Other:  _______________________________________________________________________________________

            

    

    

    Transferability:                                You
      may transfer the SARs only by will or by the laws of descent and
      distribution.

    

    This
      Agreement is subject to the terms and conditions of the Plan.  You
      have received a copy of the Plan’s prospectus that includes a copy of the
      Plan.  By signing this Agreement, you agree to the terms of the Plan
      and this Agreement, which may be amended only upon a written agreement signed
      by
      the Company and you.

    

    This
      ____
      day of __________, 2_______.

    

    AGL
      RESOURCES
      INC.                                                                                                RECIPIENT:

     

    

    By:
      Melanie M. Platt, Senior Vice
      President                                                                                                           _________________________________________________exhibit10-1_i.htm

Exhibit 10.1.i

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    FIRST
      AMENDMENT TO THE

    AGL
      RESOURCES INC.

    2006
      NON-EMPLOYEE DIRECTORS EQUITY COMPENSATION PLAN

     

    This
      First Amendment to the AGL Resources Inc. 2006 Non-Employee Directors Equity
      Compensation Plan (the “Plan”), is made and entered into this 2nd day of
      May, 2007, by AGL Resources Inc. (the “Company”).

     

    W
      I T
      N E S S E T H:

    

    WHEREAS,
      the Company adopted the Plan for the purposes set forth therein;
      and

     

    WHEREAS,
      pursuant to Section 10 of the Plan, the Board of Directors of the Company
      has the right to amend the Plan with respect to certain matters;
      and

     

    WHEREAS,
      the Board of Directors has approved and authorized this Amendment to the
      Plan;

     

    NOW,
      THEREFORE, BE IT RESOLVED, that the Plan is hereby amended, effective as of
      the
      date hereof, in the following particulars:

     

    1.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    The
      Plan is hereby amended, effective
      as of May 2, 2007, by deleting Section 9 in its entirety and replacing it with
      the following:

    

    9.           Changes
      in Capital Structure.  In the event of a nonreciprocal
      transaction between the Company and its shareholders that causes the per share
      value of the shares of Common Stock to change (including, without limitation,
      any stock dividend, stock split, spin-off, rights offering, or large
      nonrecurring cash dividend), the authorization limits under Section 5 shall
      be
      adjusted proportionately, and the Board shall make such adjustments to the
      Plan
      as it deems necessary, in its sole discretion, to prevent dilution or
      enlargement of rights immediately resulting from such
      transaction.  Action by the Board may include: (i) adjustment of the
      number and kind of shares that may be delivered under the Plan; (ii) adjustment
      of the number and kind of shares subject to  awards; and (iii) any
      other adjustments that the Board determines to be equitable.  Without
      limiting the foregoing, in the event of a subdivision of the outstanding Common
      Stock (stock-split), a declaration of a dividend payable in shares of Common
      Stock, or a combination or consolidation of the outstanding Common Stock into
      a
      lesser number of shares of Common Stock, the authorization limits under Section
      5 shall automatically be adjusted proportionately.

    

    

    2.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Except
      as specifically set forth
      herein, the terms of the Plan shall remain in full force and
      effect.

    

    

    

    IN
      WITNESS WHEREOF, the Company has
      caused this First Amendment to the Plan to be executed by its duly authorized
      officer as of the date first above written.

    

    AGL
      RESOURCES INC.

    

    

    

    By:           /s/
      Melanie M.
      Platt                                    

                    
      Melanie M. Platt, Senior Vice Presidentexhibit10-1_j.htm

Exhibit 10.1.j

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    FIRST
      AMENDMENT TO THE

    AGL
      RESOURCES INC.

    OFFICER
      INCENTIVE PLAN

     

    This
      First Amendment to the AGL Resources Inc. Officer Incentive Plan (the “Plan”),
      is made and entered into this 2nd day of May, 2007, by AGL Resources Inc.
      (the “Company”).

     

    W
      I T
      N E S S E T H:

    

    WHEREAS,
      the Company adopted the Plan for the purposes set forth therein;
      and

     

    WHEREAS,
      pursuant to Section 7.7 of the Plan, the Board of Directors of the Company
      has the right to amend the Plan with respect to certain matters;
      and

     

    WHEREAS,
      the Board of Directors has approved and authorized this Amendment to the
      Plan;

     

    NOW,
      THEREFORE, BE IT RESOLVED, that the Plan is hereby amended, effective as of
      the
      date hereof, in the following particulars:

     

    1.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Section
      5.7 of the Plan is hereby amended, effective as of May 2, 2007, by deleting
      such
      section in its entirety and replacing it with the following:

    

    “5.7           Payment
      of Exercise Price.  The Optionee must pay the full Exercise Price
      for shares of Common Stock purchased upon the exercise of any Stock Option
      at
      the time of such exercise by one of the following forms of payment:

    

    (a)           cash;

    

    (b)           by
      tendering unrestricted shares of Common Stock which have a Fair Market Value
      equal to the Exercise Price.  The Optionee may tender shares of Common
      Stock either by attestation or by the delivery of a certificate or certificates
      for shares duly endorsed for transfer to the Company, and if required, with
      medallion level signature guarantee by a member firm of a national stock
      exchange, by a national or state bank, or by the Company credit union (or
      guaranteed or notarized in such other manner as the Committee may
      require);

    

    (c)           broker-assisted
      cashless exercise;

    

    (d)           net
      exercise, whereby the Company shall retain from the Stock Option that number
      of
      underlying shares having a Fair Market Value on the date of exercise equal
      to
      some or all of the Exercise Price; or

    

    (e)           any
      combination of the above forms or any other form of payment permitted by the
      Committee.”

    

    2.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Section
      7.1 of the Plan is hereby amended, effective as of May 2, 2007, by deleting
      that
      section in its entirety and substituting in lieu thereof the
      following:

    

    “7.1           Changes
      in Capital Structure.

    

    (a)           Mandatory
      Adjustments.  In the event of a nonreciprocal transaction between
      the Company and its shareholders that causes the per share value of the shares
      of Common Stock to change (including, without limitation, any stock dividend,
      stock split, spin-off, rights offering, or large nonrecurring cash dividend),
      the authorization limits under Sections 4.2, 5.2 and 6.2 shall be adjusted
      proportionately, and the Committee shall make such adjustments to the OIP and
      Awards as it deems necessary, in its sole discretion, to prevent dilution or
      enlargement of rights immediately resulting from such
      transaction.  Action by the Committee may include: (i) adjustment of
      the number and kind of shares that may be delivered under the OIP; (ii)
      adjustment of the number and kind of shares subject to outstanding Awards;
      (iii)
      adjustment of the Exercise Price of outstanding Awards or the measure to be
      used
      to determine the amount of the benefit payable on an Award; and (iv) any other
      adjustments that the Committee determines to be equitable.  Without
      limiting the foregoing, in the event of a subdivision of the outstanding Common
      Stock (stock-split), a declaration of a dividend payable in shares of Common
      Stock, or a combination or consolidation of the outstanding Common Stock into
      a
      lesser number of shares of Common Stock, the authorization limits under Sections
      4.2, 5.2 and 6.2 shall automatically be adjusted proportionately, and the shares
      of Common Stock then subject to each Award shall automatically, without the
      necessity for any additional action by the Committee, be adjusted
      proportionately without any change in the aggregate purchase price
      therefor.

    

    (b)           Discretionary
      Adjustments.  Upon the occurrence or in anticipation of any
      corporate event or transaction involving the Company (including, without
      limitation, any merger, reorganization, recapitalization, combination or
      exchange of shares, or any transaction described in Section 7.1(a)), the
      Committee may, in its sole discretion, provide (i) that Awards will be settled
      in cash rather than Common Stock, (ii) that Awards will become immediately
      vested and exercisable and will expire after a designated period of time to
      the
      extent not then exercised, (iii) that Awards will be assumed by another party
      to
      a transaction or otherwise be equitably converted or substituted in connection
      with such transaction, (iv) that outstanding Awards may be settled by payment
      in
      cash or cash equivalents equal to the excess of the Fair Market Value of the
      underlying Common Stock, as of a specified date associated with the transaction,
      over the Exercise Price of the Award, (v) that performance targets and
      performance periods will be modified, consistent with Code §162(m) where
      applicable, or (vi) any combination of the foregoing.  The Committee’s
      determination need not be uniform and may be different for different
      Participants whether or not such Participants are similarly
      situated.

    

    (c)           General.  Any
      discretionary adjustments made pursuant to this Section 7.1 shall be subject
      to
      the provisions of Section 7.7.”

    

    3.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Except
      as specifically set forth
      herein, the terms of the Plan shall remain in full force and
      effect.

    

    

    IN
      WITNESS WHEREOF, the Company has caused this First Amendment to the Plan to
      be
      executed by its duly authorized officer as of the date first above
      written.

    

    AGL
      RESOURCES INC.

    

    

    

    By:           /s/
      Melanie M.
      Platt                                          

                    
      Melanie M. Platt, Senior Vice President

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