Document:

exv10w12xby

Exhibit 10.12(b)

AMENDMENT

TO THE

ATMOS ENERGY CORPORATION

1998 LONG-TERM INCENTIVE PLAN

(As Amended and Restated February 9, 2007)

     Pursuant to the authority set forth in Article 12 of the Atmos Energy Corporation 1998
Long-Term Incentive Plan, as amended and restated effective February 9, 2007 (the “Plan”), the Plan
is amended, effective as of August 7, 2007, as follows:

     1. Section 2.6 is amended by striking said section and substituting in lieu thereof the
following:

          2.6 (a) “Change in Control” of the Company occurs upon a change in the
Company’s ownership, its effective control or the ownership of a substantial portion
of its assets, as follows:

          (i) Change in Ownership. A change in ownership of the
Company occurs on the date that any “Person” (as defined in Section 2.6(b)
below), other than (1) the Company or any of its subsidiaries, (2) a
trustee or other fiduciary holding securities under an employee benefit
plan of the Company or any of its Affiliates, (3) an underwriter
temporarily holding stock pursuant to an offering of such stock, or (4) a
corporation owned, directly or indirectly, by the shareholders of the
Company in substantially the same proportions as their ownership of the
Company’s stock, acquires ownership of the Company’s stock that, together
with stock held by such Person, constitutes more than 50% of the total
fair market value or total voting power of the Company’s stock. However,
if any Person is considered to own already more than 50% of the total fair
market value or total voting power of the Company’s stock, the acquisition
of additional stock by the same Person is not considered to be a Change of
Control. In addition, if any Person has effective control of the Company
through ownership of 30% or more of the total voting power of the
Company’s stock, as discussed in paragraph (ii) below, the acquisition of
additional control of the Company by the same Person is not considered to
cause a Change in Control pursuant to this paragraph (i); or

          (ii) Change in Effective Control. Even though the Company
may not have undergone a change in ownership under paragraph (i) above, a
change in the effective control of the Company occurs on either of the
following dates:

          (A) the date that any Person acquires (or has acquired during
the 12-month period ending on the date of the most recent
acquisition by such Person) ownership of the Company’s stock
possessing 30 percent or more of the total voting power of the

 

 

Company’s stock. However, if any Person owns 30% or more of
the total voting power of the Company’s stock, the acquisition of
additional control of the Company by the same Person is not
considered to cause a Change in Control pursuant to this
subparagraph (ii)(A); or

          (B) the date during any 12-month period when a majority of
members of the Board is replaced by directors whose appointment or
election is not endorsed by a majority of the Board before the date
of the appointment or election; provided, however, that any such
director shall not be considered to be endorsed by the Board if his
or her initial assumption of office occurs as a result of an actual
or threatened solicitation of proxies or consents by or on behalf of
a Person other than the Board; or

          (iii) Change in Ownership of Substantial Portion of Assets.
A change in the ownership of a substantial portion of the Company’s assets
occurs on the date that a Person acquires (or has acquired during the
12-month period ending on the date of the most recent acquisition by such
Person) assets of the Company, that have a total gross fair market value
equal to at least 40% of the total gross fair market value of all of the
Company’s assets immediately before such acquisition or acquisitions.
However, there is no Change in Control when there is such a transfer to an
entity that is controlled by the shareholders of the Company immediately
after the transfer, through a transfer to (A) a shareholder of the Company
(immediately before the asset transfer) in exchange for or with respect to
the Company’s stock; (B) an entity, at least 50% of the total value or
voting power of the stock of which is owned, directly or indirectly, by
the Company; (C) a Person that owns directly or indirectly, at least 50%
of the total value or voting power of the Company’s outstanding stock; or
(D) an entity, at least 50% of the total value or voting power of the
stock of which is owned by a Person that owns, directly or indirectly, at
least 50% of the total value or voting power of the Company’s outstanding
stock.

          (b) For purposes of subparagraph (a) above

          (i) “Person” shall have the meaning given in Section 7701(a)(1) of
the Internal Revenue Code of 1986, as amended (the “Code”). Person shall
include more than one Person acting as a group as defined by the Final
Treasury Regulations issued under Section 409A of the Code.

          (ii) “Affiliate” shall have the meaning set forth in Rule 12b-2
promulgated under Section 12 of the Securities Exchange Act of 1934, as
amended.

 

 

          (c) The provisions of this Section 2.6 shall be interpreted in accordance with
the requirements of the Final Treasury Regulations under Code Section 409A, it being
the intent of the parties that this Section 2.6 shall be in compliance with the
requirements of said Code Section and said Regulations.

     2. Section 2.36 is amended by striking said section and substituting in lieu thereof the
following:

     2.36 “Termination of Service” means with respect to each Participant who is an Employee
or Non-employee Director a “separation from service” as defined in Section 1.409A-1(h) of
the Final Treasury Regulations under Code Section 409A, or any successor provision thereto

     3. Section 2.37 is amended by striking said section and substituting in lieu thereof the
following:

     2.37 “Total and Permanent Disability” means the termination of a Participant’s active
employment with the Company on account of a medically determinable physical or mental
impairment that can be expected to result in death or can be expected to last for a
continuous period of not less than 12 months, for which the employee is receiving income
replacement benefits for a period of not less than three months under an accident and health
plan covering employees of the Company.

     IN WITNESS WHEREOF, the Company has caused this AMENDMENT TO THE ATMOS ENERGY CORPORATION 1998
LONG-TERM INCENTIVE PLAN (AS AMENDED AND RESTATED FEBRUARY 9, 2007), to be executed in its name and
on its behalf this 10th day of September, 2008, effective as of the date provided
herein.

	 	 	 	 	 
	 	ATMOS ENERGY CORPORATION

 	 
	 	By:  	/s/ ROBERT W. BEST
 	 
	 	 	Robert W. Best 	 
	 	 	Chairman, President and

Chief Executive Officerexv10w12xdy

Exhibit 10.12(d)

AWARD AGREEMENT OF RESTRICTED STOCK WITH TIME-LAPSE VESTING

UNDER THE ATMOS ENERGY CORPORATION

1998 LONG-TERM INCENTIVE PLAN

     This Award Agreement of Restricted Stock with time-lapse vesting is dated as of April 29,
2008, by and between, Atmos Energy Corporation, a Texas and Virginia corporation (the “Company”),
and [name of employee] (“Grantee”), pursuant to the Company’s 1998 Long-Term Incentive Plan (the
“Plan”). Capitalized terms that are used, but not defined, in this document shall have the meaning
set forth in the Plan.

     Pursuant to authorization by the Human Resources Committee of the Board of Directors (the
“Committee”), which has been designated by the Board of Directors of the Company to administer the
Plan, the parties agree as follows.

	1.	 	Grant of Shares.

     The Company hereby grants to the Grantee a total of [number of shares] of Common Stock of the
Company (“Shares’’) for no consideration from the Grantee, with the restrictions set forth below.

	2.	 	Legends on Certificates.

     Each certificate representing the Shares shall be registered in the name of the Grantee and
shall bear the following legend, or a similar legend deemed by the Company to constitute an
appropriate notice of the provisions hereof (any such certificate not having such legend shall be
surrendered upon demand by the Company and so endorsed):

     On the face of the certificate:

“Transfer of this stock is restricted in accordance with conditions
printed on the reverse of this certificate.”

     On the reverse:

“The shares of stock evidenced by this certificate are subject to
and transferrable only in accordance with that certain Atmos Energy
Corporation 1998 Long-Term Incentive Plan, a copy of which is on
file at the principal office of the Company in Dallas, Texas. No
transfer or pledge of the shares evidenced hereby may be made except
in accordance with and subject to the provisions of said Plan. By
acceptance of this certificate, any holder, transferee or pledgee
hereof agrees to be bound by all of the provisions of said Plan.”

	3.	 	Restrictions on Alienation of Shares.

     Shares awarded hereunder may not be sold, transferred, pledged, assigned, or otherwise
alienated in any manner, whether voluntarily, by operation of law, or otherwise, until

 

 

the restrictions on the Shares are removed in the manner provided for below and the Shares are
delivered to the Grantee.

	4.	 	Forfeiture of Shares.

     All Shares awarded will be forfeited if, prior to the removal of restrictions on the Shares
awarded hereunder as provided in Section 8 below, the Grantee voluntarily or involuntarily
terminates employment for any reason other than as described below in Section 5. Each Grantee, by
his or her acceptance of the Shares, shall irrevocably grant to the Company a power of attorney to
transfer any Shares forfeited to the Company and agrees to execute any documents requested by the
Company in connection with such forfeiture and transfer. Such provisions with respect to forfeited
Shares shall be specifically performable by the Company in a court of equity or law. Upon any
forfeiture, all rights of the Grantee with respect to the forfeited Shares shall cease and
terminate, without any further obligation on the part of the Company.

	5.	 	Removal of Restrictions due to Death, Terminations due to Total and Permanent Disability
and Retirement, Certain Involuntary Terminations, and Terminations following a Change in
Control.

     At the time and on the date of the Grantee’s death, termination of employment due to Total and
Permanent Disability, or Retirement (but not before attaining the age of 55, unless expressly
approved in advance by the Company), involuntary termination of employment due to a general
reduction in force or specific elimination of the Grantee’s job, or termination of employment for
any reason following a Change in Control, while employed by the Company or a Subsidiary, all
restrictions placed on each Share awarded shall be removed and such Shares shall be delivered to
the Grantee or to his legal representatives, beneficiaries or heirs. From and after such date, the
Grantee or the Grantee’s legal representatives, beneficiaries or heirs, as the case may be, shall
have full rights of transfer or resale with respect to such stock subject to applicable state and
federal regulations.

	6.	 	Custody of Share Certificates.

     Share certificates representing the number of Shares awarded shall be registered in the
Grantee’s name, but the certificates representing the Shares shall be held in the custody of the
Company for the Grantee’s account. During such time, the Grantee shall have all of the rights of a
shareholder of the Company with respect to the Shares, including the right to vote the Shares. All
dividends and distributions (other than stock dividends and distributions) on Shares held in the
custody of the Company shall be paid to the Grantee, however, regardless of the fact that the
Shares are being held on behalf of the Grantee. Any new, additional, or different shares or
securities issued (due to a stock split, stock dividend, or other stock distribution) with respect
to the Shares previously awarded under the Plan shall be held by the Company as additional Shares
for the Grantee’s account and shall have the same restrictions as the underlying Shares with
respect to which such new, additional, or different shares or securities were issued. At such time
as restrictions are removed from any portion of the Shares held by the Company for the Grantee,
certificates representing such Shares shall be delivered free of all restrictions to the Grantee or
to the Grantee’s legal representatives, beneficiaries or heirs.

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	7.	 	Adjustment Upon Changes in Stock.

     If there shall be any change in the number of shares of Common Stock of the Company
outstanding resulting from subdivision, combination, or reclassification of shares, or through
merger, consolidation, reorganization, recapitalization, stock dividend, stock split or other
change in the corporate structure, an appropriate adjustment in the number of Shares with respect
to which restrictions have not lapsed shall be made by the Committee.

	8.	 	Removal of Restrictions.

     The Grantee shall be entitled to delivery of the Shares, free and clear of all restrictions,
if the Grantee has been an employee of the Company or a Subsidiary with continuous service of three
years from the date of the Grant. Notwithstanding the foregoing provision, the Grantee shall, in
the event of a “Change of Control” of the Company, as such term is defined in Section 2.6 of the
Plan, receive free of restriction all Shares granted hereunder within 60 days after the time such
Change of Control is deemed to have occurred. Notwithstanding anything contained in this section
to the contrary, the Shares acquired by virtue of this Grant may not be sold during the first six
(6) months after the date hereof if that would subject the Grantee to liability under Section 16 of
the Securities Exchange Act of 1934, as amended.

	9.	 	Stock Withholding Requirement.

     Upon the removal or lapse of the restrictions on the Shares, the number of Shares issuable by
the Company to the Grantee shall be subject to applicable withholding requirements for income and
employment taxes arising from the removal or lapse of the restrictions on the Shares.

     IN WITNESS WHEREOF, the Company and the Grantee have executed this Agreement as of the date
first written above.

	 	 	 	 	 	 	 	 	 
	GRANTEE:	 	 	 	 	 	ATMOS ENERGY CORPORATION
	 
	 	 	 	 	 	 	 	 
	Signature:

	 	 	 	 	 	By:	 	 
	 

	 	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Robert W. Best
	Printed Name:

	 	 	 	 	 	 	 	Chairman, President and Chief
Executive Officer
	 

	 	 	 	 	 	 	 	 

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