Document:

Exhibit
10.12

CODE
SECTION 409A AMENDMENT

to

EMPLOYMENT AGREEMENT

between

CORNING NATURAL GAS CORPORATION AND KENNETH J.
ROBINSON

WHEREAS,
Corning Natural Gas Corporation (the “Company”) and Kenneth J. Robinson (the “Employee”)
entered an Amended and Restated Employment Agreement (the “Agreement”) dated
December 14, 2000; and

WHEREAS,
effective as of January 1, 2005, Section 409A was added to the Internal Revenue
Code of 1986 for the purpose of imposing certain requirements on non-qualified
deferred compensation plans; and

WHEREAS,
the parties have determined that certain benefits under the Agreement are
subject to Section 409A and wish to bring its terms into compliance with
Section 409A prior to the IRS’s December 31, 2006 deadline for documentary
compliance.

NOW,
THEREFORE, in consideration of the premises and the mutual
covenants contained herein the parties agree as follows:

1.            The effective date of this Amendment
is January 1, 2005, provided that any amounts that were deferred and vested as
of December 31, 2004 remain subject to the terms and conditions of the
Agreement without regard to this Amendment unless expressly provided to the
contrary herein.

2.            Section 7(g) is amended by adding at
the end thereof the following new subsection(9):

(9)                                    Section
409A Limitations.

(a)            Six Month Payment
Deferral.   Notwithstanding the foregoing, the portion of each
excess pension benefit payment that is otherwise payable within the first six
months following retirement or other termination of employment that had not
been earned and vested on December 31, 2004 shall be withheld and paid to the
Employee only after six months have elapsed following his retirement or other
termination of employment date.

(b)            No Acceleration.   Neither
the form of benefit may be changed nor the time of commencement may be
accelerated except as expressly provided in this Agreement, including the
Section 409A amendment to it, between the parties, and neither party shall have
the discretion to accelerate payments.

(c)            Intent to Comply with
Section 409A.   This Agreement is intended to comply with Code
Section 409A to the extent that its provisions are subject 

 

thereto.  The
Company has adopted good faith amendments necessary to bring the Agreement into
compliance with the terms of this Section as interpreted by guidance issued by
the Internal Revenue Service.  To the
extent the terms of the Agreement or any amendment fail to qualify for
exemption from or satisfy the requirements of Code Section 409A, the Agreement
may be operated in compliance with Code Section 409A pending further amendment
to the extent authorized by the Internal Revenue Service.  In such circumstances the Agreement and any
amendment will be administered in a manner which adheres as closely as possible
to their existing terms while complying with Code Section 409A.

IN
WITNESS WHEREOF, the parties have executed this Amendment to
be effective as of January 1, 2005.

	
  Dated: July 28, 2006

  	
  CORNING NATURAL GAS CORPORATION

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Thomas K. Barry

  	
   

  	
   

  
	
   

  	
  Title:

  	
  President & CEO

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Dated: July 28,
  2006

  	
  /s/ Kenneth J. Robinson

  	
   

  	
   

  
	
   

  	
  Kenneth J. Robinson, Employee

  	
   

  	
   

  

 

 2Exhibit
10.13

CODE
SECTION 409A AMENDMENT

to

SEVERANCE AGREEMENT

between

CORNING NATURAL GAS CORPORATION AND THOMAS K.
BARRY

WHEREAS,
Corning Natural Gas Corporation (the “Company”) and Thomas K. Barry (the “Executive”)
entered an Amended and Restated Severance Agreement (the “Agreement”) dated
December 14, 2000; and

WHEREAS,
effective as of January 1, 2005, Section 409A was added to the Internal Revenue
Code of 1986 for the purpose of imposing certain requirements on non-qualified
deferred compensation plans; and

WHEREAS,
the parties have concluded that the Agreement is subject to Section 409A and
wish to bring its terms into compliance with Section 409A prior to the IRS’s
December 31, 2006 deadline for documenting compliance.

NOW,
THEREFORE, in consideration of the premises and the material
covenants contained herein, the parties agree as follows:

1.              The effective date of this
Amendment is January 1, 2005.

2.              Section 1(c) is amended by
replacing the introductory phrase “‛Change in Control’ shall mean:” with
the following:

“Change in Control” shall mean a change in control
that is both (1) a change in control within the meaning of Code Section 409A
and (2) a change in control that satisfies the following requirements:

3.            Section
1(g) is amended by deleting the current provision and substituting in its place
the following:

“Disability” shall be a disability as this term is
defined in Section 409A.

4.            Section
3(a) is amended by adding to the end thereof the following:

Notwithstanding the five-business-days-payment
requirement, if at the time of Executive’s termination final IRS guidance on
Section 409A provides that payments under agreements of this nature are
considered to be made on account of termination of employment rather than on
account of a change in control, the payments, or the portion of them under this
Agreement considered to be made on account of termination, if lesser, shall be
deferred until six months following the Executive’s termination date.

 

 

5.            Section
15 is amended by adding to the end thereof the following:

Notwithstanding the foregoing, this Agreement may not
be terminated nor may benefits be paid following termination except in
accordance with the terms and conditions of Code Section 409A and regulations
thereunder.

6.            The
following new Section 18 is added to the Agreement immediately following
Section 17:

18.          Code
Section 409A.

(1)         No Acceleration.   Neither
the form of benefit may be changed nor the time of commencement may be
accelerated except as expressly provided in this Agreement, including the
Section 409A amendment to it, between the parties, and neither party shall have
the discretion to accelerate payments.

(2)         Intent to Comply with
Section 409A.   This Agreement is intended to comply with Code
Section 409A to the extent that its provisions are subject thereto.  The Company has adopted good faith amendments
necessary to bring the Agreement into compliance with the terms of this Section
as interpreted by guidance issued by the Internal Revenue Service.  To the extent the terms of the Agreement or
any amendment fail to qualify for exemption from or satisfy the requirements of
Code Section 409A, the Agreement may be operated in compliance with Code
Section 409A pending further amendment to the extent authorized by the Internal
Revenue Service.  In such circumstances
the Agreement and any amendment will be administered in a manner which adheres
as closely as possible to their existing terms while complying with Code Section
409A.

IN WITNESS
WHEREOF, the parties have executed this amendment to be effective as of January
1, 2005.

	
  Dated: July 28, 2006

  	
  CORNING NATURAL GAS CORPORATION

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Kenneth J. Robinson

  	
   

  	
   

  
	
   

  	
  Title:

  	
  Exec Vice president

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Dated: July 28,
  2006

  	
  /s/ Thomas K. Barry

  	
   

  	
   

  
	
   

  	
  Thomas K. Barry, Executive

  	
   

  	
   

  

 

 2Exhibit
10.14

CODE
SECTION 409A AMENDMENT

to

SEVERANCE AGREEMENT

between

CORNING NATURAL GAS CORPORATION AND KENNETH J.
ROBINSON

WHEREAS,
Corning Natural Gas Corporation (the “Company”) and Kenneth J. Robinson (the “Executive”)
entered an Amended and Restated Severance Agreement (the “Agreement”) dated
December 14, 2000; and

WHEREAS,
effective as of January 1, 2005, Section 409A was added to the Internal Revenue
Code of 1986 for the purpose of imposing certain requirements on non-qualified
deferred compensation plans; and

WHEREAS,
the parties have concluded that the Agreement is subject to Section 409A and
wish to bring its terms into compliance with Section 409A prior to the IRS’s
December 31, 2006 deadline for documenting compliance.

NOW,
THEREFORE, in consideration of the premises and the material
covenants contained herein, the parties agree as follows:

1.              The effective date of this
Amendment is January 1, 2005.

2.              Section 1(c) is amended by
replacing the introductory phrase “‛Change in Control’ shall mean:” with
the following:

“Change in Control” shall mean a change in control
that is both (1) a change in control within the meaning of Code Section 409A
and (2) a change in control that satisfies the following requirements:

3.            Section
1(g) is amended by deleting the current provision and substituting in its place
the following:

“Disability” shall be a disability as this term is
defined in Section 409A.

4.            Section
3(a) is amended by adding to the end thereof the following:

Notwithstanding the five-business-days-payment
requirement, if at the time of Executive’s termination final IRS guidance on
Section 409A provides that payments under agreements of this nature are
considered to be made on account of termination of employment rather than on
account of a change in control, the payments, or the portion of them under this
Agreement considered to be made on account of termination, if lesser, shall be
deferred until six months following the Executive’s termination date.

 

 

5.            Section
15 is amended by adding to the end thereof the following:

Notwithstanding the foregoing, this Agreement may not
be terminated nor may benefits be paid following termination except in
accordance with the terms and conditions of Code Section 409A and regulations
thereunder.

6.            The
following new Section 18 is added to the Agreement immediately following
Section 17:

18.          Code
Section 409A.

(1)         No Acceleration.   Neither
the form of benefit may be changed nor the time of commencement may be
accelerated except as expressly provided in this Agreement, including the
Section 409A amendment to it, between the parties, and neither party shall have
the discretion to accelerate payments.

(2)         Intent to Comply with
Section 409A.   This Agreement is intended to comply with Code
Section 409A to the extent that its provisions are subject thereto.  The Company has adopted good faith amendments
necessary to bring the Agreement into compliance with the terms of this Section
as interpreted by guidance issued by the Internal Revenue Service.  To the extent the terms of the Agreement or
any amendment fail to qualify for exemption from or satisfy the requirements of
Code Section 409A, the Agreement may be operated in compliance with Code
Section 409A pending further amendment to the extent authorized by the Internal
Revenue Service.  In such circumstances
the Agreement and any amendment will be administered in a manner which adheres
as closely as possible to their existing terms while complying with Code Section
409A.

IN WITNESS WHEREOF, the parties have executed this
amendment to be effective as of January 1, 2005.

	
  Dated: July 28, 2006

  	
  CORNING NATURAL GAS CORPORATION

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Thomas K. Barry

  	
   

  	
   

  
	
   

  	
  Title:

  	
  President & CEO

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Dated: July 28,
  2006

  	
  /s/ Kenneth J. Robinson

  	
   

  	
   

  
	
   

  	
  Kenneth J. Robinson, Executive

  	
   

  	
   

  

 

 2

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