Document:

FIRST AMENDMENT TO
                   NICOR INC. 1997 LONG-TERM INCENTIVE PLAN

      Upon the  recommendation  of the  Compensation  Committee  of the Board of
Directors  (the  "Board") of Nicor Inc.  (the  "Company"),  the Nicor Inc.  1997
Long-Term  Incentive  Plan (the  "Plan") has been amended by  resolution  of its
Board of Directors  (the  "Resolution")  adopted on December 7, 1999,  with such
amendments to be effective pursuant to the terms of the Resolution.  Pursuant to
the  Resolution the following  shall be  substituted  for the portion of section
10(d)  beginning after "The term "Change in Control" means the occurrence of any
of the following:"

   (i) The acquisition by any individual, entity or group (within the meaning of
   Section  13(d)(3) or  14(d)(2) of the  Securities  Exchange  Act of 1934,  as
   amended (the "Exchange Act"))(a "Person") of beneficial ownership (within the
   meaning of Rule 13d-3  promulgated  under the Exchange  Act) of any shares of
   Common Stock of the Company or any voting  securities of the Company entitled
   to vote  generally  in the  election  of  directors  if,  as a result of such
   acquisition,  such  person  owns 20% or more of  either  (1) the  outstanding
   shares  of common  stock of the  Company  (the  "Outstanding  Company  Common
   Stock"),  or  (2)  the  combined  voting  power  of  the  outstanding  voting
   securities  of the Company  entitled  to vote  generally  in the  election of
   directors (the "Outstanding Company Voting Securities");  provided,  however,
   that for purposes of this  subsection  10(d)(i),  the following  acquisitions
   shall not constitute a Change in Control: (A) any acquisition by the Company,
   (B) any acquisition by an employee  benefit plan (or related trust) sponsored
   or maintained by the Company or any corporation  controlled by the Company (a
   "Company  Plan"),  or (C) any  acquisition by any  corporation  pursuant to a
   transaction which complies with subsections (iii)(A),  (iii)(B), and (iii)(C)
   of this definition; provided further, that for purposes of clause (A), if any
   Person  (other  than the  Company  or any  Company  Plan)  shall  become  the
   beneficial  owner of 20% or more of the  Outstanding  Company Common Stock or
   20% or more of the  Outstanding  Company  Voting  Securities  by reason of an
   acquisition by the Company,  and such Person shall, after such acquisition by
   the Company,  become the  beneficial  owner of any  additional  shares of the
   Outstanding Company Common Stock or any additional Outstanding Company Voting
   Securities  (other  than  pursuant  to  any  dividend  reinvestment  plan  or
   arrangement  maintained  by the  Company)  and such  beneficial  ownership is
   publicly announced,  such additional  beneficial ownership shall constitute a
   Change in Control; or

   (ii)  Individuals  who,  as of  December  7,  1999,  constitute  the Board of
   Directors of the Company (for  purposes of this  definition,  the  "Incumbent
   Board")  cease  for any  reason  to  constitute  at least a  majority  of the
   Incumbent Board;  provided,  however, that any individual becoming a director
   subsequent to December 7, 1999 whose election,  or nomination for election by
   the Company  shareholders,  was  approved by a vote of at least a majority of
   the directors  then  comprising  the  Incumbent  Board shall be considered as
   though such individual were a member of the Incumbent  Board,  but excluding,
   for this purpose,  any such  individual  whose  initial  assumption of office
   occurs as a result of an actual or publicly  threatened  election contest (as
   such terms are used in Rule 14a-11  promulgated  under the  Exchange  Act) or
   other actual or publicly threatened solicitation of proxies or consents by or
   on behalf of a Person other than the Board of Directors of the Company; or

   (iii) Consummation,  including receipt of any necessary  regulatory approval,
   of (1) a reorganization, merger, consolidation, or other business combination
   involving the Company or (2) the sale or other  disposition  of more than 50%
   of the operating assets of the Company (determined on a consolidated  basis),
   other than in connection with a sale-leaseback or other arrangement resulting
   in the continued  utilization  of such assets (or the  operating  products of
   such  assets) by the Company  (any  transaction  described in part (1) or (2)
   being  referred  to as a  "Corporate  Transaction");  excluding,  however,  a
   Corporate Transaction pursuant to which:

      (A) all or  substantially  all of the individuals and entities who are the
      beneficial owners,  respectively,  of the Outstanding Company Common Stock
      and  Outstanding  Company  Voting  Securities  immediately  prior  to such
      Corporate Transaction beneficially own, directly or indirectly,  more than
      60% of, respectively,  the then outstanding shares of common stock and the
      combined voting power of the then outstanding  voting securities  entitled
      to vote generally in the election of directors, as the case may be, of the
      ultimate   parent  entity   resulting  from  such  Corporate   Transaction
      (including,  without  limitation,  an  entity  which,  as a result of such
      transaction, owns the Company or all or substantially all of the assets of
      the  Company  either  directly  or through  one or more  subsidiaries)  in
      substantially  the same proportions as their ownership,  immediately prior
      to such Corporate  Transaction of the Outstanding Company Common Stock and
      Outstanding Company Voting Securities, as the case may be;

      (B) no Person (other than the Company,  any Company Plan or related trust,
      the corporation resulting from such Corporate Transaction,  and any Person
      which beneficially owned, immediately prior to such Corporate Transaction,
      directly or  indirectly,  20% or more of the  Outstanding  Company  Common
      Stock or the Outstanding  Company Voting  Securities,  as the case may be)
      will  beneficially   own,   directly  or  indirectly,   20%  or  more  of,
      respectively,  the then  outstanding  common stock of the ultimate  parent
      entity  resulting from such Corporate  Transaction or the combined  voting
      power of the then outstanding voting securities of such entity; and

      (C) individuals who were members of the Incumbent Board will constitute at
      least a majority of the members of the board of  directors of the ultimate
      parent entity resulting from such Corporate Transaction; or

   (iv) A tender offer (for which a filing has been made with the Securities and
   Exchange   Commission   (the  "SEC")  which   purports  to  comply  with  the
   requirements of Section 14(d) of the Exchange Act and the  corresponding  SEC
   rules) is made for the stock of the  Company,  which has not been  negotiated
   and approved by the Board,  provided that in case of a tender offer described
   in this  subsection  (iv),  the  Change  in  Control  will be  deemed to have
   occurred  at the first  time  during  the offer  period  when the  Person (as
   defined in subsection  (i) above) making the offer  beneficially  owns or has
   accepted  for payment  stock of the Company  with 20% or more of the combined
   voting power of the then  Outstanding  Company Voting  Securities;  provided,
   however,  that the Change in Control  shall  occur  three (3)  business  days
   before  such  tender  offer is to  terminate,  unless the offer is  withdrawn
   first,  if the Person  making the offer  could own, by the terms of the offer
   plus any shares beneficially owned by that Person,  stock with 50% or more of
   the combined voting power of the then Outstanding  Company Voting  Securities
   when the offer (and any subsequent offering period) terminates; or

   (v)  Approval  by the  shareholders  of the  Company  of a plan  of  complete
   liquidation or dissolution of the Company.

   (vi) For  purposes  of this  definition  of Change in  Control,  (1) the term
   "Company"  shall mean Nicor Inc.  and shall  include any  Successor  to Nicor
   Inc.; and (2) the term "Successor to Nicor Inc." shall mean any  corporation,
   partnership,  joint venture or other entity that succeeds to the interests of
   Nicor Inc. by means of a merger,  consolidation or other  restructuring  that
   does not constitute a Change in Control under  subsections (i), (iii) or (iv)
   above.

IN WITNESS  WHEREOF,  the  undersigned  officer of the Company has caused  these
presents  to be signed on  behalf of the  Company  as of this 19th day of April,
2000.

                                    Nicor Inc.

                                    By    THOMAS L. FISHER
                                          Thomas L. Fisher
                                          Chairman, President and
                                          Chief Executive OfficerSECOND AMENDMENT TO
                         NICOR INC. STOCK DEFERRAL PLAN

      Upon the  recommendation  of the  Compensation  Committee  of the Board of
Directors  (the "Board") of Nicor Inc.  (the  "Company"),  the Nicor Inc.  Stock
Deferral  Plan (the  "Plan")  has been  amended  by  resolution  of its Board of
Directors (the  "Resolution")  adopted on December 7, 1999, with such amendments
to be  effective  pursuant  to the  terms  of the  Resolution.  Pursuant  to the
Resolution, the Plan is amended in the following particulars:

1. The following Section 4.7 shall be added to the Plan:

   "4.7. Change in Control.

   (a) In the event of a Change in Control, the Participant shall receive a lump
   sum  distribution  equal to the closing market value per share of Stock as of
   the date of the Change in Control  multiplied by the number of Stock Units in
   the Participant's  Deferred Stock Account. Such distribution shall be made to
   the Participant  regardless of any elections that may otherwise be applicable
   under the Plan,  and shall be made as soon as  practicable  after the date of
   such  Change  in  Control,  but in no  event  later  than 15 days  after  the
   occurrence of such Change in Control.

   (b) For  purposes  of the Plan,  a "Change  in  Control"  is defined as it is
   provided in the 1989 Plan as the 1989 Plan has been amended by  resolution of
   the Company's Board of Directors adopted on December 7, 1999."

2. The  following  line shall be added to APPENDIX A of the Plan  following  the
   line ending with the word "Beneficiary:"

   "The 1989 Plan                          Change in Control"

IN WITNESS  WHEREOF,  the  undersigned  officer of the Company has caused  these
presents  to be signed on  behalf of the  Company  as of this 19th day of April,
2000.

                                          Nicor Inc.

                                          By    THOMAS L. FISHER
                                                Thomas L. Fisher
                                                Chairman, President and
                                                Chief Executive Officer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00009-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00009-of-00352.parquet"}]]