Document:

exv4wxby

 

Exhibit 4(b)

AMENDMENT NO. ONE

TO THE
ATMOS ENERGY CORPORATION

RETIREMENT SAVINGS PLAN AND TRUST

AMENDED AND RESTATED

EFFECTIVE AS OF JANUARY 1, 2005

     WHEREAS, ATMOS ENERGY CORPORATION (the “Company”) has heretofore amended and restated the
Atmos Energy Corporation Retirement Savings Plan and Trust Amended and Restated Effective as of
January 1, 2005 (the “Plan”); and

     WHEREAS, pursuant to the provisions of Section 10.01 of the Plan, the Company desires to amend
the Plan as hereinafter provided (i) to eliminate the annuity form of distribution which currently
is available to participants whose benefits consist of assets transferred directly to this Plan
from a plan to which the qualified joint and survivor annuity provisions apply, since no such
transfers have occurred or will occur in the future, and (ii) to permit participants to withdraw
after-tax contributions and associated earnings previously credited under the Plan.

     NOW, THEREFORE, Atmos Energy Corporation does hereby amend the Plan, effective as of the dates
set forth herein, as follows:

     1. Section 6.04 is amended, effective as of October 31, 2005, by striking said Section and
substituting in lieu thereof the following:

     6.04 Payments of Benefits

The following provisions shall apply with respect to the method and timing of
benefit payments hereunder:

(a) General. Payment of a Participant’s benefits shall commence as soon as
practicable after the date on which the Committee determines the final balances in
such Participant’s accounts; provided, however, that the Participant must consent to
a distribution prior to the date specified below if the value of his account
balances exceeds $5,000.

(b) Required Distributions.

(1) Payment of a Participant’s benefits must commence no later than the earlier of
(i) the Participant’s Required Beginning Date (defined below); or (ii) unless the
Participant elects a later date (which can be no later than the Participant’s
Required Beginning Date), the 60th day after the latest of the close of the Plan
Year in which the Participant terminates employment due to attainment of normal
retirement, Disability or death or which is the fifth Plan Year following the Plan
Year in which the Participant otherwise terminates employment; or (iii) unless the
Participant elects a later date (but not later than the Participant’s Required
Beginning Date), the 60th day after the latest of the close of the Plan Year in
which the Participant attains age sixty-five (65), in which occurs the date ten
years after the date the Participant first commenced Participation in the Plan, or
in which the Participant incurs a Severance from Service.

(2) The definition of “Required Beginning Date” is as follows:

(A) The “Required Beginning Date” of a five percent owner, as described in Section
5.04(a)(2)(C)(3), hereof is the later of (i) April 1 of the calendar year following
the calendar

 

 

year in which he attains age seventy and one-half (70-1/2), or (ii) the last day of
the calendar year with or within which ends the Plan Year in which the Participant
becomes a five percent owner.

(B) The “Required Beginning Date” of a Participant who is not a five percent owner
is the April 1 of the calendar year immediately following the later of (i) the
calendar year in which he attains age seventy and one-half (70-1/2), or (ii) the
calendar year in which he incurs a Severance from Service.

(C) Notwithstanding the foregoing, a Participant who is not a five percent owner and
who attains age seventy and one-half (70-1/2) prior to calendar year 1999 shall have
the right to elect the commencement of his benefits on April 1 of the calendar year
following the calendar year in which he attains such age and each subsequent year. A
Participant who is not a five percent owner and who currently is receiving benefit
payments solely because of the attainment of age seventy and one-half (70-1/2) prior
to calendar year 1997 shall have the right to elect the suspension of such benefit
payments until the date specified in the first sentence of this paragraph. Any such
election shall be made at such time and in such manner as the Committee shall
determine in a nondiscriminatory manner.

(c) Early Distributions. Except as otherwise provided in Section 6.04(e)
hereof, a benefit payment to a Participant prior to his attainment of age 59-1/2
shall require the Participant’s approval, prior to which the Participant shall have
been advised by the Committee that an additional income tax may be imposed equal to
ten percent (10%) of the portion of the amount so received which is included in his
gross income for the taxable year of receipt, unless the distribution qualifies for
one of the exceptions from the ten percent (10%) tax contained in the Code.

(d) Form of Distribution. Distributions hereunder to Participants, Former
Participants or Beneficiaries may be in the form of Company Stock or cash, as
determined by the Committee; provided, however, that any such distributee shall have
the right to demand that distribution of the ESOP portion of a Participant’s account
balances (as provided for in Section 7.02(a) hereof) be made to him in the form of
Company Stock and shall have been given written notification of such right by the
Committee prior to the date of any cash distribution to him; provided, further, that
fractional shares shall, in all events, be paid in cash. In the event that the
Articles of Incorporation or bylaws of the Company are amended to restrict the
ownership of substantially all outstanding shares of Company Stock to Employees
and/or to the Trust Fund, then distributions hereunder to Participants, Former
Participants and Beneficiaries shall, in all events, be in the form of cash. Subject
to the provisions of Section 6.04(g) below, a Participant’s benefits shall in all
events be distributed in a lump sum.

Unless the Participant elects otherwise, the ESOP portion of a Participant’s
accounts which consists of Company Stock acquired after 1986 shall be distributed in
a form providing no more than substantially equal periodic payments (not less
frequently than annually) over a period not longer than the greater of (i) five (5)
years, or (ii) in the case of a Participant whose accounts consisting of Company
Stock acquired after 1986 exceed $500,000 (as automatically increased in accordance
with the applicable treasury regulations to reflect cost-of-living adjustments),
five (5) years, plus an additional one (1) year (up to an additional five (5) years)
for each $100,000 (as automatically increased in accordance with treasury
regulations to reflect cost-of-living adjustments) or fraction thereof by which the
balance exceeds $500,000 (as automatically increased in accordance with the
applicable treasury regulations to reflect cost-of-living adjustments). For purposes
of this Section 6.04, the ESOP portion of a Participant’s accounts shall not include
Company Stock acquired with the proceeds of an Exempt Loan until the last day of the
Plan Year in which such Exempt Loan is repaid in full.

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(e) Distribution of Small Amounts. Notwithstanding any provisions of this
Section 6.04 to the contrary, a Participant’s benefits hereunder shall in all events
be paid in a lump sum,
without the consent of the Participant, if the value of said benefits does not
exceed $5,000. If a Participant is entitled to receive a lump sum distribution in
accordance with the provisions of this paragraph (3) that is greater than one
thousand dollars ($1,000), and does not require the consent of the Participant, and
such Participant either (i) does not elect to have such distribution transferred in
a direct rollover pursuant to the provisions of Section 6.04(f), or (ii) does not
elect to receive such distribution directly, then such distribution shall be
transferred in a direct rollover to an individual retirement plan designated by the
Committee.

(f) Direct Rollovers. Notwithstanding any provision of the Plan to the
contrary that would otherwise limit a distributee’s election under this Section, a
distributee may elect, at the time and in the manner prescribed by the Committee, to
have any portion of an eligible rollover distribution paid directly to an eligible
retirement plan specified by the distributee in a direct rollover. For purposes of
this Section 6.04(f), the following definitions shall apply.

(1) “Eligible rollover distribution” means any distribution of all or any portion of
the balance to the credit of the distributee, except that an eligible rollover
distribution does not include: (i) any distribution that is one of a series of
substantially equal periodic payments (not less than annually) made for the life (or
life expectancy) of the distributee or the joint lives (or joint life expectancies)
of the distributee and the distributee’s designated Beneficiary, or for a specified
period of ten (10) years or more; (ii) any distribution to the extent such
distribution is required under Code Section 401(a)(9); (iii) the portion of any
distribution that is not includable in gross income (determined without regard to
the exclusion for net unrealized appreciation with respect to employer securities);
(iv) any hardship distribution described in Code Section 401(k)(2)(B)(i)(IV), and
(v) any in-service distribution made on account of hardship, if such hardship
distributions are permitted under the Plan. After-tax contributions shall not be
excluded from the definition of “eligible rollover distribution” pursuant to clause
(iii) of the preceding sentence. However, any portion of an eligible rollover
distribution attributable to after-tax contributions may be transferred only to an
individual retirement account or annuity described in Code Section 408(a) or (b), or
to a qualified defined contribution plan described in Code Sections 401(a) or 403(a)
that agrees to separately account for amounts so transferred, including separately
accounting for the portion of such distribution which is includible in gross income
and the portion of such distribution which is not so includible.

(2) “Eligible retirement plan” means any of the following that accepts the
distributee’s eligible rollover distribution: An individual retirement account
described in Code Section 408(a), an individual retirement annuity described in Code
Section 408(b), an annuity plan described in Code Section 403(a), a qualified trust
described in Code Section 401(a), an annuity contract described in Code Section
403(b), or an eligible plan under Code Section 457(b) which is maintained by a
state, political subdivision of a state and which agrees to account separately for
amounts transferred into such plan from this Plan. The foregoing definition of an
“eligible retirement plan” also shall apply in the case of an eligible rollover
distribution to the surviving spouse, or to the spouse or former spouse who is an
alternate payee under a Qualified Domestic Relations Order.

(3) “Distributee” means the Participant and, with respect to the interest of such
spouse or former spouse, the Participant’s surviving spouse and the Participant’s
spouse or former spouse who is the alternate payee under a qualified domestic
relations order, as defined in Code Section 414(p).

(4) “Direct rollover” is a payment by the Plan to the eligible retirement plan
specified by the distributee.

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(g) Special Distribution Rules for ANG and MVG Participants.

(1) Notwithstanding the preceding provisions of this Section 6.04, Participants who
are ANG Employees with account balances transferred from the SEC Plan may elect to
receive
distribution of their benefits (i) in monthly installments over a period equal to
the shorter of one hundred twenty (120) months or the applicable life expectancy of
the Participant or the Participant’s spouse, or (ii) in installment payments of a
fixed amount, such payments to be made until exhaustion of the Participant’s Account
balances under the Plan.

(2) Notwithstanding the preceding provisions of this Section 6.04, MVG Participants
with account balances transferred from the MVG Non-Union Plan pursuant to Section
3.08 may elect, in addition to the lump sum distribution option, to receive
distribution of their benefits by payment of the amount in single sums, on the dates
and in the amounts selected by the Participant (subject to a minimum for any single
distribution of one hundred dollars ($100.00). This provision shall not be
construed to allow automatic installment distributions.

(3) If the Participant’s interest is to be distributed in other than a lump sum, the
minimum distribution rules set forth in Section 6.04(h) hereof shall apply on or
after the Required Beginning Date.

(h) Minimum Distribution Requirements.

(1) General Rules

(A) Effective Date. The provisions of this Section 6.04(h) will apply for purposes
of determining the minimum required distributions.

(B) Precedence. The requirements of this Section 6.04(h) will take precedence over
any inconsistent provisions of the Plan.

(C) Requirements of Treasury Regulations Incorporated. All distributions required
under this Section 6.04(h) will be determined and made in accordance with the
Section 1.401(a)(9)-1 through 9 of the Treasury Regulations.

(2) Time and Manner of Distribution

(A) Required Beginning Date. The Participant’s entire interest will be distributed,
or begin to be distributed, to the Participant no later than the Participant’s
Required Beginning Date.

(B) Death of Participant Before Distributions Begin. If the Participant dies before
distributions begin, the Participant’s entire interest will be distributed, or begin
to be distributed, no later than as follows:

(i) If the Participant’s surviving spouse is the Participant’s sole Designated
Beneficiary, then, distributions to the surviving spouse will begin by December 31
of the calendar year immediately following the calendar year in which the
Participant died, or by December 31 of the calendar year in which the Participant
would have attained age 70-1/2, if later.

(ii) If the Participant’s surviving spouse is not the Participant’s sole Designated
Beneficiary, then, distributions to the Designated Beneficiary will begin by
December 31 of the calendar year immediately following the calendar year in which
the Participant died.

(iii) If there is no Designated Beneficiary as of September 30 of the year following
the year of the Participant’s death, the Participant’s entire interest will be
distributed by December 31 of the calendar year containing the fifth (5th)
anniversary of the Participant’s death.

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(iv) If the Participant’s surviving spouse is the Participant’s sole Designated
Beneficiary and the surviving spouse dies after the Participant, but before
distributions to the surviving spouse begin, this Section 6.04(h)(2)(B), other than
Section 6.04(h)(2)(B)(i) above, will apply as if the surviving spouse were the
Participant.

For purposes of Section 6.04(h)(2)(B) above, and Section 6.04(h)(4), unless Section
6.04(h)(2)(B)(iv) above applies, distributions are considered to begin on the
Participant’s Required Beginning Date. If Section 6.04(h)(2)(B)(iv) above applies,
distributions are considered to begin on the date distributions are required to
begin to the surviving spouse under Section 6.04(h)(2)(B)(i) above. If
distributions under an annuity purchased from an insurance company irrevocably
commence to the Participant before the Participant’s Required Beginning Date (or to
the Participant’s surviving spouse before the date distributions are required to
begin to the surviving spouse under Section 6.04(h)(2)(B)(i) above), the date
distributions are considered to begin is the date distributions actually commence.

(C) Forms of Distribution. Unless the Participant’s interest is distributed in the
form of a single sum on or before the Required Beginning Date, as of the first
Distribution Calendar Year distributions will be made in accordance with Sections
6.04(h)(3) and (4). If the Participant’s interest is distributed in the form of an
annuity purchased from an insurance company, distributions thereunder will be made
in accordance with the requirements of Code Section 401(a)(9) and the Treasury
Regulations issued thereunder.

(3) Minimum Required Distribution During Participant’s Lifetime

(A) Amount of Required Minimum Distribution for Each Distribution Calendar Year.
During the Participant’s lifetime, the minimum amount that will be distributed for
each Distribution Calendar Year is the lesser of:

(i) the quotient obtained by dividing the Participant’s Account Balance by the
distribution period in the Uniform Lifetime Table set forth in Section 1.401(a)(9)-9
of the Treasury Regulations, using the Participant’s age as of the Participant’s
birthday in the Distribution Calendar Year; or

(ii) if the Participant’s sole Designated Beneficiary for the Distribution Calendar
Year is the Participant’s spouse, the quotient obtained by dividing the
Participant’s Account Balance by the number in the Joint and Last Survivor Table set
forth in Section 1.401(a)(9)-9 of the Treasury Regulations, using the Participant’s
and spouse’s attained ages as of the Participant’s and spouse’s birthdays in the
Distribution Calendar Year.

(B) Lifetime Required Minimum Distributions Continue Through Year of Participant’s
Death. Minimum required distributions will be determined under this Section
6.04(h)(3) beginning with the first Distribution Calendar Year and up to and
including the Distribution Calendar Year that includes the Participant’s date of
death.

(4) Minimum Required Distributions After Participant’s Death

(A) Death on or after date distributions begin.

(i) Participant Survived by Designated Beneficiary. If the Participant dies on or
after the date distributions begin and there is a Designated Beneficiary, the
minimum amount that will be distributed for each Distribution Calendar Year after
the year of the Participant’s death is the quotient obtained by dividing the
Participant’s Account Balance by the longer of the remaining Life Expectancy of the
Participant or the remaining Life Expectancy of the Participant’s Designated
Beneficiary, determined as follows:

(I) The Participant’s remaining Life Expectancy is calculated using the age of the
Participant in the year of death, reduced by one for each subsequent year.

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(II) If the Participant’s surviving spouse is the Participant’s sole Designated
Beneficiary, the remaining Life Expectancy of the surviving spouse is calculated for
each Distribution
Calendar Year after the year of the Participant’s death using the surviving spouse’s
age as of the spouse’s birthday in that year. For Distribution Calendar Years after
the year of the surviving spouse’s death, the remaining Life Expectancy of the
surviving spouse is calculated using the age of the surviving spouse as of the
spouse’s birthday in the calendar year of the spouse’s death, reduced by one for
each subsequent calendar year.

(III) If the Participant’s surviving spouse is not the Participant’s sole Designated
Beneficiary, the Designated Beneficiary’s remaining Life Expectancy is calculated
using the age of the Beneficiary in the year following the year of the Participant’s
death, reduced by one for each subsequent year.

(ii) No Designated Beneficiary. If the Participant dies on or after the date
distributions begin and there is no Designated Beneficiary as of September 30 of the
year after the year of the Participant’s death, the minimum amount that will be
distributed for each Distribution Calendar Year after the year of the Participant’s
death is the quotient obtained by dividing the Participant’s Account Balance by the
Participant’s remaining Life Expectancy calculated using the age of the Participant
in the year of death, reduced by one for each subsequent year.

(B) Death before date distributions begin

(i) Participant Survived by Designated Beneficiary. If the Participant dies before
the date distributions begin and there is a Designated Beneficiary, the minimum
amount that will be distributed for each Distribution Calendar Year after the year
of the Participant’s death is the quotient obtained by dividing the Participant’s
Account Balance by the remaining Life Expectancy of the Participant’s Designated
Beneficiary, determined as provided in Section 6.04(h)(4)(A) above.

(ii) No Designated Beneficiary. If the Participant dies before the date
distributions begin and there is no Designated Beneficiary as of September 30 of the
year following the year of the Participant’s death, distribution of the
Participant’s entire interest will be completed by December 31 of the calendar year
containing the fifth anniversary of the Participant’s death.

(iii) Death of Surviving Spouse Before Distributions to Surviving Spouse Are
Required to Begin. If the Participant dies before the date distributions begin, the
Participant’s surviving spouse is the Participant’s sole Designated Beneficiary, and
if the surviving spouse dies before distributions are required to begin to the
surviving spouse under Section 6.04(h)(2)(B)(i), this Section 6.04(h)(4)(B) will
apply as if the surviving spouse were the Participant.

(5) For purposes of this Section 6.04(h), the following terms shall have the
following meanings:

(A) “Designated Beneficiary” means the individual who is designated as the
Beneficiary under Section 6.05 of the Plan and is the Designated Beneficiary under
Code Section 401(a)(9) and Section 1.401(a)(9)-4, Q&A-1, of the Treasury
Regulations.

(B) “Distribution Calendar Year” shall mean a calendar year for which a minimum
distribution is required. For distributions beginning before the Participant’s
death, the first Distribution Calendar Year is the calendar year immediately
preceding the calendar year which contains the Participant’s Required Beginning
Date. For distributions beginning after the Participant’s death, the first
Distribution Calendar Year is the calendar year in which distributions are required
to begin under Section 6.04(h)(2)(B) above. The minimum required

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distribution for
the Participant’s first Distribution Calendar Year will be made on or before the
Participant’s Required Beginning Date. The minimum required distribution for other
Distribution Calendar Years, including the minimum required distribution for the
Distribution Calendar Year in which the Participant’s Required Beginning Date
occurs, will be made on or before December 31 of that Distribution Calendar Year.

(C) “Life Expectancy” shall mean the Life Expectancy as computed by use of the
Single Life Table in Section 1.401(a)(9)-9 of the Treasury Regulations.

(D) “Participant’s Account Balance” shall mean the balances in the Participant’s
various accounts under the Plan as of the last Valuation Date in the calendar year
immediately preceding the Distribution Calendar Year (“valuation calendar year”)
increased by the amount of any contributions made and allocated or any forfeitures
allocated to the account balances as of dates in the valuation calendar year after
the Valuation Date and decreased by distributions made in the valuation calendar
year after the Valuation Date. The account balances for the valuation calendar year
include any amounts rolled over or transferred to the Plan either in the valuation
calendar year or in the Distribution Calendar Year if distributed or transferred in
the valuation calendar year.

(E) “Required Beginning Date” shall mean the date specified in Section 6.04(b)(2) of
the Plan.

     2. Section 6.06(b) is amended, effective as of October 31, 2005, by striking said Section and
substituting, in lieu thereof, the following:

(b) From Employer Contribution, Matching Contribution and Employee Contribution
Accounts. On any January 1, a Participant may elect to withdraw any amount
allocated to his Employer Contribution Account, but with respect to the amounts in
such Account, other than amounts attributable to rollover contributions, such
withdrawal is permitted only to the extent that such amounts were allocated and paid
to such Account under this Plan or the Prior Plan at least two (2) years prior to
withdrawal. A Participant may withdraw any amount allocated to his Employer
Contribution Account and may withdraw any amount allocated to his Matching
Contribution Account, if any, at any time if such Participant properly demonstrates
a financial hardship as described in Section 6.06(a)(1) hereof, or after the
Participant attains age 59-1/2. A Participant may withdraw the entire (but not less
than the entire) amount allocated to his Employee Contribution Account, if any, at
any time. A Participant shall not cease to be a Participant under the Plan solely
because a distribution is made to such Participant pursuant to this Section 6.06(b).
Withdrawal elections shall be made by the Participant on written forms provided by
the Committee for that purpose.

     IN WITNESS WHEREOF, the Company has caused this AMENDMENT NO. ONE TO THE ATMOS ENERGY
CORPORATION RETIREMENT SAVINGS PLAN AND TRUST AMENDED AND RESTATED EFFECTIVE AS OF JANUARY 1, 2005
to be executed in its name on its behalf this 15th day of November, 2005, effective as of the dates
set forth herein.

	 	 	 	 	 
	 	ATMOS ENERGY CORPORATION

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

Chief Executive Officer 	 
	 

7exv4wxcy

 

Exhibit 4(c)

AMENDMENT NO. TWO

TO THE

ATMOS ENERGY CORPORATION

RETIREMENT SAVINGS PLAN AND TRUST

AMENDED AND RESTATED

EFFECTIVE AS OF JANUARY 1, 2005

     WHEREAS, ATMOS ENERGY CORPORATION (the “Company”) has heretofore amended and restated the
Atmos Energy Corporation Retirement Savings Plan and Trust Amended and Restated Effective as of
January 1, 2005 (the “Plan”); and

     WHEREAS, pursuant to the provisions of Section 10.01 of the Plan, the Company desires to amend
the Plan as hereinafter provided (i) to implement an automatic enrollment feature, and (ii) to
reflect certain requirements of sections 401(k) and 401(m) of the Internal Revenue Code of 1986, as
amended (the “Code”), as specified in the final regulations issued by the Internal Revenue Service
under said Code sections (the “Final Regulations”). This amendment is intended as good faith
compliance with the requirements of Code sections 401(k) and 401(m) as specified in the Final
Regulations and is intended to be construed in accordance with Code Sections 401(k) and 401(m) and
the Final Regulations;

     NOW, THEREFORE, Atmos Energy Corporation does hereby amend the Plan, effective as of the dates
set forth herein, as follows:

     1. Sub-section 3.01(b) is amended, effective as of January 1, 2007, by striking said Section
and substituting in lieu thereof the following:

	 	(b)	 	For purposes of eligibility to make Salary Reduction
Contributions under Section 4.01, an Employee shall be eligible to become a
Participant in this Plan as of the Entry Date coincident with or immediately
following the date on which he or she becomes an Employee (an “Eligible
Employee”). For purposes of eligibility to receive allocations of Safeharbor
Matching Contributions under Section 4.02 and Discretionary Contributions under
Section 4.03, a Participant shall be eligible to participate in this Plan as of
the Entry Date coincident with or immediately following his completion of one
(1) year of Service. For purposes of eligibility to receive allocations of
Matching Contributions under Section 4.08 from and after the payroll period
beginning April 23, 2005, the Georgia Union Participant shall be eligible to
participate in this Plan as of March 31, 2005, provided he or she has completed
one (1) year of service by that date. For the period from April 23, 2005
through April 28, 2006 for purposes of eligibility to receive allocations of
Matching Contributions under Section 4.08, a Georgia Union Participant shall be
eligible to participate in this Plan as of the Entry Date coincident with or
immediately following his completion of one (1) year of Service. After April
29, 2006, Participants who were former Georgia Union Participants and who as of
April 29, 2006 had not yet met the eligibility requirements for Safe Harbor
Matching Contributions and Discretionary Contributions shall be eligible for
such contributions in accordance with the foregoing provisions applicable to
all Participants.

     2. Sub-section 3.01(c) is amended, effective as of January 1, 2007, by striking said Section
and substituting in lieu thereof the following:

	 	(c)	 	Prior to January 1, 2007, the term “Entry Date” shall mean the
first day of the first payroll period coincident with or immediately following
each January 1st, April 1st, July 1st and October 1st. On and after January 1,
2007, the term “Entry Date” shall

 

 

	 	 	 	mean the first day of the first payroll period. The Entry Date for Former
TXU Employees who have completed one (1) year of Service as of their date of
employment with an Employer, after taking into account the provisions of
Section 3.02(d) hereof, shall be the first day of the first payroll period
coincident with or immediately following their date of employment with an
Employer.

     3. Sub-sections 4.01(a) and 4.01(b) are amended, effective as of January 1, 2007, by striking
said Sub-sections and substituting in lieu thereof the following:

	 	4.01	 	Salary Reduction Contributions

	 	(a)	 	For each Plan Year, each Employer shall contribute to the Trust
Fund, on behalf of each of its Eligible Employees and Participants an amount
equal to the total amount of “Salary Reduction Contributions” (defined below).
Salary Reduction Contributions may be in the form of cash or Company Stock, and
shall be deposited in the Trust Fund as soon as administratively feasible, but
in no event later than the fifteenth (15th) business day of the calendar month
following the calendar month during which such contributions were made.
	 
	 	 	 	“Salary Reduction Contributions” shall mean the amount by which an Eligible
Employee or a Participant agrees to reduce his salary from his Employer,
which reduction shall be equal to a percentage of his Compensation
(excluding bonuses) per payroll period, which shall not be less than one
percent (1%) or more than sixty-five percent (65%) of Compensation for such
Eligible Employee or Participant.
	 
	 	(b)	 	Subject to the provisions of Section 4.01(g) hereof, each
Eligible Employee shall be given the opportunity to affirmatively elect to make
Salary Reduction Contributions. Salary Reduction Contributions shall commence
as of the Entry Date coinciding with or immediately following the date on which
the Eligible Employee has properly completed the steps necessary to
affirmatively elect to make Salary Reduction Contributions.
	 
	 	 	 	Notwithstanding the foregoing, effective on and after January 1, 2007,
unless, in accordance with uniform and nondiscriminatory procedures
established by the Plan Administrator, an Eligible Employee either (i) opts
out of Salary Reduction Contributions during the “Opt Out Period” (defined
below), or (ii) affirmatively elects to contribute a different percentage of
Compensation as a Salary Reduction Contribution during the Opt Out Period,
effective as of the first Entry Date coinciding with or immediately
following the end of the Opt Out Period, each such Eligible Employee will be
deemed to have agreed to Salary Reduction Contributions equal to four
percent (4%) of such Participant’s Compensation (“Automatic Salary Reduction
Contributions”). If an Eligible Employee affirmatively elects to contribute
a different percentage of his or her Compensation as a Salary Reduction
Contribution during the Opt Out Period, such Salary Reduction Contributions
shall commence as of the Entry Date coinciding with or immediately following
the date on which an Eligible Employee has properly completed the steps
necessary to affirmatively elect to contribute a different percentage of his
or her Compensation as a Salary Reduction Contribution.
	 
	 	 	 	Furthermore, effective for Plan Years commencing on and after January 1,
2007, with respect to each Participant whose Salary Reduction Contribution
for the 2007 Plan Year, or next succeeding Plan Year (as the case may be),
is less than four percent (4%) of such Participant’s Compensation, unless,
in accordance with the uniform and nondiscriminatory procedures established
by the Plan Administrator, such Participant either (i) opts out of Salary
Reduction Contributions during the Opt Out Period, or (ii) affirmatively
elects to contribute a different percentage of his or her 

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	 	 	 	Compensation as a
Salary Reduction Contribution during the Opt Out Period, effective as of the
first
Entry Date of the next succeeding Plan Year, each such Participant will be
deemed to have agreed to Automatic Salary Reduction Contributions equal to
4% of such Participant’s Compensation. If a Participant affirmatively
elects to contribute a different percentage of his or her Compensation as a
Salary Reduction Contribution during the Opt Out Period, such Salary
Reduction Contributions shall commence as of the Entry Date coinciding with
or immediately following the date on which an Participant has properly
completed the steps necessary to affirmatively elect to contribute a
different percentage of his or her Compensation as a Salary Reduction
Contribution.

	 	 	 	The “Opt Out Period” shall be the thirty (30) day period following (i)
the date an Eligible Employee is provided with enrollment materials, or (ii)
the date a Participant is provided with annual enrollment materials, as
applicable.
	 
	 	 	 	Eligible Employees and Participants shall be provided with an Automatic
Salary Reduction Contribution Notice explaining (i) the percentage of the
Employee’s Compensation that will be contributed to the Plan as Automatic
Salary Reduction Contributions if the Employee does not either opt out or
affirmatively elect to contribute a different percentage of his or her
Compensation as Salary Reduction Contributions, (ii) the Employee’s rights
to change the percentage of the Employee’s Compensation that will apply
towards Salary Reduction Contributions, or stop Salary Reduction
Contributions completely, (iii) how Automatic Salary Reduction Contributions
will be invested, and (iv) the procedures for changing the rate of Automatic
Salary Reduction Contributions, or stopping Automatic Salary Reduction
Contributions completely.

     4. Sub-section 4.01(c) is amended, effective for Plan Years beginning on and after January 1,
2006, by striking said Sub-section and substituting in lieu thereof the following:

	 	(c)	 	Notwithstanding anything herein to the contrary, for any
Participant’s taxable year, a Participant’s Salary Reduction Contribution shall
not exceed the dollar limitation contained in Code Section 402(g) in effect for
such taxable year, except to the extent permitted under Section 4.01(f) and
Code Section 414(v), if applicable. An Employer may amend or revoke a
Participant’s Salary Reduction Contributions at any time if such Employer
determines that such revocation or amendment is necessary to ensure that the
reduction in such Participant’s Compensation for any payroll period does not
exceed the maximum deferral amount set forth above.
	 
	 	 	 	In the event that the total reduction on behalf of any Participant for any
of his or her taxable years exceeds the dollar limitation provided for in
this Section 4.01(c), such “Excess Deferrals” (as defined in Code Section
402(g)(2) and the treasury regulations promulgated thereunder), together
with income allocable thereto, shall be distributed to the Participant on
whose behalf such reduction was made not later than April 15 following the
close of the Participant’s taxable year in which the reduction was made, in
the manner and to the extent provided under the applicable treasury
regulations.
	 
	 	 	 	The income allocable to an Excess Deferrals shall be determined by
multiplying the income allocable to the Participant’s Salary Reduction
Contributions for the Plan Year by a fraction, the numerator of which is the
Excess Deferrals of the Participant, as determined above, and the
denominator of which is the balance of the Participant’s Salary Reduction
Contributions on the last day of the Plan Year, reduced by the income
allocable to such account for the Plan Year and increased by the loss
allocable to such account for the Plan Year.

3

 

	 	 	 	Effective for Plan Years beginning on and after January 1, 2006, Excess
Deferrals shall be adjusted for any income or loss up to the date of
distribution. The income or
loss allocable to Excess Deferrals is the sum of (i) the income or loss
allocable to the Participant’s Salary Reduction Contributions for the Plan
Year, multiplied by a fraction, the numerator of which is such Participant’s
Salary Reduction Contributions for such year and the denominator of which is
the Participant’s Salary Reduction Contribution Account balance attributable
to Elective Deferrals without regard to any income or loss occurring during
such taxable year; and (ii) 10 percent of the amount determined under (i)
multiplied by the number of whole calendar months between the end of the
Participant’s taxable year and the date of distribution, counting the month
of distribution as a whole month if the distribution occurs after the 15th
day of such month.

     5. Sub-sections 4.01(d) and 4.01(e) are amended, effective as of January 1, 2007, by striking
said Sub-section and substituting in lieu thereof the following:

	 	(d)	 	Salary Reduction Contributions credited to a Participant’s
Salary Reduction Contribution Account pursuant to Section 4.01(a) shall be one
hundred percent (100%) vested and non-forfeitable at all times. For all
purposes of this Plan, a Participant’s Compensation for any Year during which
Salary Reduction Contributions are being made on behalf of the Participant
shall be equal to the Participant’s Compensation before deduction of Salary
Reduction Contributions.
	 
	 	(e)	 	Salary Reduction Contributions shall be subject to the
following rules and limitations:

	 	(1)	 	Salary Reduction Contributions shall apply to
each payroll period during which the Participant has agreed, or is
deemed to have agreed, to make Salary Reduction Contributions in
accordance with Section 4.01(b), hereof.
	 
	 	(2)	 	A Participant may modify or terminate Salary
Reduction Contributions at any time upon notice to the Committee,
subject to the requirements of paragraph (3), below. If a Participant
terminates his or her Salary Reduction Contributions, he or she may
elect to recommence Salary Reduction Contributions at any time
thereafter, subject to the requirements of paragraph (3), below.
	 
	 	(3)	 	Any change or termination to Salary Reduction
Contributions shall be effective as of, and shall not apply to any
payroll period preceding, the payroll period immediately following the
date on which the Committee receives notice of such change or
termination of a Participant’s Salary Reduction Contributions.
	 
	 	(4)	 	An Employer may change or terminate Salary
Reduction Contributions with respect to a Participant at any time if
the Employer determines that such change or termination is necessary
(i) to ensure that a Participant’s Additions for any Year will not
exceed the limitation of Section 5.03 hereof, (ii) to ensure that
Employer contributions made pursuant to Sections 4.01, 4.02, 4.03 and
4.08 hereof are fully deductible by the Employer for Federal income tax
purposes, and (iii) to ensure that a Participant’s Salary Reduction
Contributions do not exceed the limitation of Section 4.01(c) hereof
relating to “excess deferrals” (as defined in Code Section 402(g)(2)
and the treasury regulations promulgated thereunder) or the limitations
of Section 4.01(g) hereof relating to “Excess Contributions” (as
defined in Section 4.01(g)(3) hereof).

4

 

	 	(5)	 	Except as otherwise provided in Sections
4.01(g) and 4.08 hereof, the requirements of Code Section 401(k)(3) are
satisfied by the safeharbor provided under Code Section 401(k)(12).
Prior to (i) the Employee’s initial
Entry Date, and (ii) the beginning of each Plan Year, the Employer
shall provide written notice to each Employee who is eligible to
receive Safeharbor Matching Contributions pursuant to Section 4.02
hereof that this Plan is exempt from the general nondiscrimination
rules of Code Section 401(k)(3).
	 
	 	(6)	 	Upon termination of employment, a Participant’s
Salary Reduction Contribution Account shall be distributed in
accordance with Article VI.

     6. Sub-section 4.01(g) is amended, effective for Plan Years beginning on and after January 1,
2006, by striking said Sub-section and substituting in lieu thereof the following:

	 	(g)	 	The limitations described in this Section 4.01(g) shall be
determined in accordance with the applicable sections of the Code and
regulations thereunder. This Subsection 4.01(g) shall apply to “ADP
Participants” from and after the payroll period beginning April 23, 2005. “ADP
Participants” shall mean (i) from the payroll period beginning on April 23,
2005, through April 29, 2006, any Participant who is a Georgia Union
Participant, and (ii) for Plan Years beginning on and after January 1, 2006,
any Participant who is not a Georgia Union Participant and who will not have
completed at least one (1) year of Service by the close of the Plan Year, and
who therefore is ineligible to receive Safeharbor Matching Contributions for
such Plan Year.

	 	(1)	 	Notwithstanding any other provision of this
Plan, in no event shall the Employer make a Salary Reduction
Contribution on behalf of any ADP Participant in any Plan Year (the
“Current Plan Year”) if such contribution would cause the “Actual
Deferral Percentage” (or “ADP”) of Highly Compensated Employees who are
ADP Participants (referred to in this Section 4.01(g) as “Highly
Compensated ADP Employees”) to exceed the greater of the limitations
indicated below:

	 	(a)	 	One hundred twenty-five percent
(125%) of the ADP for all Non-Highly Compensated Employees who
are ADP Participants (referred to in this Section 4.01(g) as
“Non-Highly Compensated ADP Employees”) for the prior Plan Year;
or
	 
	 	(b)	 	The lesser of (i) the sum of the
ADP for all Non-Highly Compensated ADP Employees for the prior
Plan Year plus two percent (2%), or (ii) two hundred percent
(200%) of the ADP for all Non-Highly Compensated ADP Employees
for the prior Plan Year.

	 	 	 	For the 2005 Plan Year, the Employer may elect to use either the
Non-Highly Compensated ADP Employees’ ADP for such Plan Year, or an
assumed ADP of three percent (3%) for the Non-Highly Compensated ADP
Employees.
	 
	 	 	 	The ADP for all Non-Highly Compensated ADP Employees under this
Section 4.01(g)(1) determined on the basis of the prior Plan Year is
referred to herein as the “Prior Year Testing Method”.
	 
	 	(2)	 	The Committee shall, to the extent necessary to
conform the Salary Reduction Contributions to the above limitations,
reduce prospectively the amount of Salary Reduction Contributions to be
made on behalf of Highly 

5

 

	 	 	 	Compensated ADP Employees. Such prospective
reduction shall first be applied to reduce the dollar amount elected by
all those Highly Compensated ADP Employees who have elected the highest
dollar amount of Salary Reduction Contributions compared to the dollar
amount elected by all those Highly Compensated ADP Employees (including
those Employees
whose dollar amount was previously reduced) whose elected dollar
amount is at the next highest dollar amount of Salary Reduction
Contributions, and shall thereafter continue to be applied to the
extent necessary in like manner in descending order on the basis of
elected contribution amounts. The total amount by which the Salary
Reduction Contributions must be reduced prospectively as provided
above shall be determined under Section 4.01(g)(1) above and shall be
calculated by reducing contributions made on behalf of Highly
Compensated ADP Employees in the order of their actual deferral
percentages beginning with the highest of such percentages, and
continuing to reduce the Salary Reduction Contributions of the Highly
Compensated ADP Employees with the next highest contribution
percentages in a like manner in descending order based on rates of
contribution percentages until the amount reduced is sufficient to
satisfy the limitations of Section 4.01(g)(1) above.

	 	 	 	Such prospective reductions may thereafter be adjusted by the
Committee, upon due notice to the affected ADP Participants, at any
time thereafter to increase the elected amounts for those Highly
Compensated ADP Employees whose amounts were previously reduced in
accordance with this Section if the Committee shall determine that
such increase will not cause the limits set forth in Section
4.01(g)(1) to be exceeded for the Plan Year. Any such increase shall
be applied to the reduced Highly Compensated ADP Employees in
ascending order, starting with those reduced Highly Compensated ADP
Employees who were last affected by the reduction sequence provided
for herein. Any decrease of an ADP Participant’s Salary Reduction
Contributions under this Section shall be in addition to and shall
not otherwise affect such Participant’s rights to change or suspend
contributions.
	 
	 	(3)	 	In the event that following the end of a Plan
Year, it is determined by the Committee that the Salary Reduction
Contributions for Highly Compensated ADP Employees exceed the
limitations of Section 4.01(g)(1), then the amount in excess of such
limitation (“Excess Contributions”) (and the income thereon) (with the
amount of such Excess Contributions calculated by reducing the
contributions made on behalf of Highly Compensated ADP Employees in the
order of the actual deferral percentages beginning with the highest
such percentage and continuing to reduce the Salary Reduction
Contributions of the Highly Compensated ADP Employees with the next
highest contribution percentages in a like manner in descending order
based on rates of contribution percentages until such percentages
satisfy the test in Section 4.01(g)(1)) shall be distributed to the
Highly Compensated ADP Employees, notwithstanding any Plan provision to
the contrary, no later than the last day of the Plan Year following the
close of the Plan Year in which such Excess Contributions occurred. If
such Excess Contributions are distributed more than two and one-half
(2-1/2) months after the last day of the Plan Year in which such Excess
Contributions occurred, a ten percent (10%) excise tax will be imposed
on the Employer with respect to such amounts.
	 
	 	 	 	In distributing Excess Contributions, the following rules shall
apply: The Excess Contributions shall first be applied to reduce the
dollar amount

6

 

	 	 	 	 elected by all those Highly Compensated ADP Employees
who have elected the highest dollar amount of Salary Reduction
Contributions compared to the dollar amount elected by all those
Highly Compensated ADP Employees (including those Employees whose
dollar amount was previously reduced) whose elected dollar amount is
at the next highest dollar amount of Salary
Reduction Contributions and shall thereafter continue to be applied
to the extent necessary in like manner in descending order on the
basis of elected contribution amounts until the reductions equal the
Excess Contributions and enable the Salary Reduction Contributions to
conform to the limitations of Section 4.01(g)(1).

	 	 	 	The amount of Excess Contributions to be distributed to each affected
Highly Compensated ADP Employee is equal to the Salary Reduction
Contributions on behalf of such Employee (prior to reduction of the
Excess Contributions) less the product of such Employee’s ADP (after
reduction for such Excess Contributions) times such Employee’s Total
Compensation, rounded to the nearest one cent ($.01), and likewise is
equal to the amount of reduction provided for herein.
	 
	 	 	 	The amount of Excess Contributions that may be distributed under this
Section with respect to a Highly Compensated ADP Employee for a Plan
Year shall be reduced by any “excess deferrals” (as defined in
Section 4.01(c)) attributable to such Plan Year previously
distributed to such Employee. In the event a distribution of Salary
Reduction Contributions constitutes a distribution of Excess
Contributions and a distribution of “excess deferrals” pursuant to
Section 4.01(c), the amounts distributed shall be treated as a
simultaneous distribution of both Excess Contributions and “excess
deferrals.”
	 
	 	 	 	In no event shall the amount of Excess Contributions that may be
distributed under this Subsection with respect to a Highly
Compensated ADP Employee for a Plan Year exceed the amount of Salary
Reduction Contributions on behalf of such Employee under this Plan
for such Plan Year.
	 
	 	(4)	 	In determining the amount of income allocable
to Excess Contributions which are being distributed, the following
rules shall apply:

	 	(a)	 	The income allocable to Excess
Contributions for the Plan Year in which the contributions are
made is the income for the Plan Year allocable to Salary
Reduction Contributions and amounts treated as Salary Reduction
Contributions with respect to the Highly Compensated ADP
Employee, multiplied by a fraction, the numerator of which is
the amount of Excess Contributions made on behalf of the Highly
Compensated ADP Employee for the Plan Year and the denominator
of which is the balance of such Employee’s Salary Reduction
Contribution Account as of the end of the Plan Year, before
adjustment of such Account as provided for in Section 5.02(a).
	 
	 	(b)	 	For purposes of this Section, the
income of the Plan shall mean all earnings, gains and losses,
computed in accordance with the provisions of Section 5.02.
	 
	 	(c)	 	Effective for Plan Years
beginning on and after January 1, 2006, Excess Contributions
shall be adjusted for any income or loss up to the date of
distribution. The income or loss allocable to Excess

7

 

	 	 	 	Contributions is the sum of: (i) the income or loss allocable to
the Participant’s Salary Reduction Contribution Account for the
taxable year, multiplied by a fraction, the numerator of which
is such Participant’s Excess Contributions for such year and the
denominator of which is the Participant’s Salary Reduction
Contribution Account balance attributable to the Salary
Reduction Contributions without regard to any income or loss
occurring during such taxable year; and (ii) ten percent
(10%) of the amount determined under (i) multiplied by the
number of whole calendar months between the end of the
Participant’s taxable year and the date of distribution,
counting the month of distribution as a whole month if the
distribution occurs after the 15th day of such month.

	 	(5)	 	For purposes of this Section 4.01(g), the
following terms shall have the following meanings:

	 	(a)	 	“Actual Deferral Percentage” (or
“ADP”) shall mean for the Highly Compensated ADP Employees, as a
group, and for the Non-Highly Compensated ADP Employees, as a
group, the average of the ratios (calculated separately for each
such ADP Participant in such group) of the Salary Reduction
Contributions, if any, made on behalf of each such ADP
Participant for each Plan Year, to such ADP Participant’s Total
Compensation (as defined in Section 4.01(g)(5)(d)) for such Plan
Year. For purposes of computing the ADP under the Prior Year
Testing Method, changes between the prior Plan Year and the
Current Plan Year in the group of Non-Highly Compensated ADP
Employees are disregarded. For purposes of computing ADP, an
ADP Participant who makes no Salary Reduction Contributions for
a Plan Year shall be treated as making a zero percent (0%)
contribution for the Plan Year.
	 
	 	 	 	In calculating ADP, a Salary Reduction Contribution shall be
taken into account for a Plan Year only if such Salary
Reduction Contribution: (i) relates to Total Compensation
that would have been received by the ADP Participant during
such Plan Year (but for the salary reduction election) or is
attributable to services performed by the ADP Participant
during such Plan Year and would have been received by the ADP
Participant within two and one-half (2-1/2) months after the
close of such Plan Year (but for the salary reduction
election); and (ii) is allocated to the ADP Participant
during such Plan Year. A Salary Reduction Contribution is
treated as allocated as of a particular date during a Plan
Year if allocation of such contribution is not contingent on
participation in the Plan or the performance of services
after such date and such contribution is paid to the Trust
not later than twelve (12) months after the close of such
Plan Year.
	 
	 	 	 	In calculating the ADP of a Highly Compensated ADP Employee
who participates in more than one plan maintained by an
Employer or an Affiliate, all elective deferrals (as defined
in Code Section 401(m)(4)) of such Highly Compensated ADP
Employee shall be aggregated for purposes of determining such
percentage in accordance with the applicable treasury
regulations.
	 
	 	 	 	In calculating the ADP of a Highly Compensated ADP Employee
who has “excess deferrals” (as defined in Section 4.01(c)),
such 

8

 

	 	 	 	“excess deferrals” shall be treated as Salary Reduction
Contributions for purposes of determining such percentage.

	 	 	 	In calculating ADP, all elective deferrals (as defined in
Code Section 401(m)(4)) to any plan required to be aggregated
with the Plan for purposes of Code Section 401(a)(4) or
410(b) shall be treated as if made under the Plan. If the
Plan is permissively aggregated with another plan in order to
comply with the limitations of Section 4.01(g)(1), such
aggregated plans must also meet the requirements of Code
Sections 401(a)(4) and 410(b) as a single plan. For Plan
Years beginning on and after January 1, 2006, the ESOP
portion of the Plan may be aggregated with the non-ESOP
portion of the Plan in order to comply with the limitations
of Section 4.01(g)(1), provided however, that even if such
plans are permissively aggregated for purposes of complying
with the limitations of Section 4.01(g)(1), such plans must
be disaggregated for purposed of satisfying the requirements
of Code Section 410(b). Except as otherwise provided in the
Treasury Regulations, if the ADP under Subsection 4.01(g)(1)
is determined under the Prior Year Testing Method, the Plan
may not be permissively aggregated with another plan in order
to comply with the limitations of Subsection 4.03(g)(1) if
such other plan determines ADP under the Current Year Testing
Method.
	 
	 	(b)	 	“Total Compensation” as used in
this Section 4.01(g) shall have the same meaning as that set
forth in Section 5.03(a) hereof.

     7. Section 4.02 is amended, effective for Plan Years beginning on and after January 1, 2006,
by striking said Sub-section and substituting in lieu thereof the following:

	 	4.02	 	Safeharbor Matching Contributions

	 	(a)	 	For each Plan Year, each Employer shall contribute on behalf of
each of its Participants for whom a Salary Reduction Contribution was made
pursuant to Section 4.01(b) and who is eligible to receive an allocation of
Safeharbor Matching Contributions as described in Section 3.01(b) hereof (other
than Georgia Union Participants from April 23, 2005 through April 29, 2006) a
“Safeharbor Matching Contribution” in an amount equal to one hundred percent
(100%) of such Participant’s Salary Reduction Contributions, up to a maximum of
four percent (4%) of such Participant’s Compensation, for the Plan Year.
	 
	 	(b)	 	Except as otherwise provided in Subsection 4.01(g) with respect
to ADP Participants (as defined in Subsection 4.01(g)), the discrimination
tests of Code Section 401(k)(3) are satisfied by the safeharbor provided under
Code Section 401(k)(12).
	 
	 	(c)	 	Except as otherwise provided in Section 4.08 (applicable for
periods from April 23, 2005 through April 29, 2006), the discrimination tests
of Code Section 401(m)(2) are satisfied by the safeharbor provided under Code
Section 401(m)(11).
	 
	 	(d)	 	Prior to (i) the Employee’s initial Entry Date, and (ii) the
beginning of each Plan Year, the Employer shall provide notice to each Employee
who is eligible to receive a Safeharbor Matching Contribution pursuant to
Section 4.02 here that this Plan is exempt from the general nondiscrimination
rules of Code Section 401(k)(3) and Code Section 401(m)(2). Such notice shall
be provided in writing or any other form approved by the Commissioner of
Internal Revenue.

9

 

	 	(e)	 	Safeharbor Matching Contributions credited to a Participant
Safeharbor Matching Contribution Account shall be one hundred percent (100%)
vested and non-forfeitable at all times. Safeharbor Matching Contributions may
be made in cash or in Company Stock.

     8. Section 4.08 is amended, effective as of April 29, 2006, by striking said Sub-section and
substituting in lieu thereof the following:

	 	4.08	 	Matching Contributions on Behalf of Georgia Union Participants
	 
	 	 	 	This Section 4.08 applies from the payroll period beginning April 23, 2005 through
April 29, 2006.

	 	(a)	 	The Employer shall contribute on behalf of each Georgia Union
Participant for whom a Salary Reduction Contribution was made pursuant to
Section 4.01(b) and who is eligible to receive an allocation of Matching
Contributions as described in Section 3.01(b) hereof, a Matching Contribution
in an amount equal to fifty percent (50%) of such Participant’s Salary
Reduction Contributions, up to a maximum of six percent (6%) of such
Participant’s Compensation, for the Plan Year.
	 
	 	(b)	 	The discrimination tests of Code Section 401(m)(2) are
automatically satisfied, pursuant to the provisions of Section 1.401(m)-1(a)(3)
of the regulations under Code Section 401(m), because the Matching
Contributions are made under the portion of the Plan that benefits collectively
bargained employees and that automatically satisfies the requirements of Code
Section 410(b).
	 
	 	(c)	 	Matching Contributions credited to a Georgia Union
Participant’s Matching Contribution Account shall be one hundred percent (100%)
vested and non-forfeitable at all times. Matching Contributions may be made in
cash or in Company Stock.

     9. Section 6.03 is amended, effective for Plan Years beginning on and after January 1, 2006,
by adding the following provision to the end of said Section:

	 	 	 	For purposes of this Section 6.03, termination or severance of employment does not
include an Employee becoming classified as a Leased Employee (as defined in Section
2.01(m)).

     10. Subsection 6.06(a)(1) is amended, effective for Plan Years beginning on and after January
1, 2006, by striking said Sub-section and substituting in lieu thereof the following:

	 	(1)	 	If the Participant elects a withdrawal from his or her Salary
Reduction Contribution Account prior to the date on which he or she attains age
59-1/2, such withdrawal (i) may not include any earnings accrued after 1988 and
(ii) will require the consent of the Committee. Such consent shall be given
only if the Participant is able to demonstrate a financial hardship. The
Committee will determine that the Participant has properly demonstrated
financial hardship only if the Participant demonstrates both the existence of
an immediate and heavy financial need of the Participant and that the
distribution is necessary to satisfy such immediate and heavy financial need.
Hardship distributions are subject to the spousal consent requirements
contained in Code Sections 401(a)(11) and 417, if applicable.
	 
	 	 	 	The Committee will determine that the Participant has properly demonstrated
financial hardship only if the Participant demonstrates that the purpose of
the withdrawal is to meet immediate and heavy financial needs, the amount of
the withdrawal does not exceed such financial needs, and the amount of the
withdrawal is not reasonably available from other resources. The
Participant will be considered 

10

 

	 	 	 	as having demonstrated that the purpose of
the withdrawal is to meet his or her immediate and heavy financial needs
only if he or she represents that the distribution is on account of:

	 	(a)	 	for Plan Years (i) beginning prior to January
1, 2006, medical expenses (as described in Code Section 213(d))
incurred by the Participant, his spouse or any of his dependents, (ii)
beginning on and after January 1, 2006, expenses for (or necessary to
obtain) medical care that would be deductible under Code Section 213(d)
(determined without regard to whether the expenses exceed 7.5% of
adjusted gross income),
	 
	 	(b)	 	the purchase (excluding mortgage payments) of a
principal residence for the Participant;
	 
	 	(c)	 	for Plan Years (i) beginning prior to January
1, 2006, the payment of tuition and room and board for the next twelve
(12) months of post- secondary education for the Participant, the
Participant’s spouse, children or dependents, (ii) beginning on and
after January 1, 2006, payment of tuition, related educational fees and
room and board expenses for up to the next twelve (12) months of
post-secondary education for the Participant or such Participant’s
spouse, children or dependents (as defined in Code Section 152 without
regard to Code Section 152(b)(1), (b)(2) and (d)(1)(B));
	 
	 	(d)	 	payments necessary to prevent the eviction of
the Participant from, or a foreclosure on the mortgage of the
Participant’s principal residence;
	 
	 	(e)	 	for Plan Years beginning on and after January
1, 2006, payment for a funeral or burial expenses for the Participant’s
deceased parent, spouse, child or dependent (as defined in Code Section
152 without regard to Code Section 152(b)(1), (b)(2) and (d)(1)(B)); or
	 
	 	(f)	 	for Plan Years beginning on and after January
1, 2006, payment for expenses to repair damage to the Participant’s
principal residence that would qualify for a casualty loss deduction
under Code Section 165 (determined without regard to whether the loss
exceeds ten percent (10%) of adjusted gross income.

	 	 	 	Moreover, the Participant will be considered as having demonstrated that the
amount of the withdrawal is unavailable from his or her other resources and
in an amount not in excess of that necessary to satisfy his or her immediate
and heavy financial needs if the Participant represents that:

	 	(a)	 	the distribution is not in excess of the amount
of his or her immediate and heavy financial needs, and
	 
	 	(b)	 	the Participant has obtained all distributions,
other than hardship distributions, and all nontaxable loans currently
available to him or her under all plans currently maintained by the
Employers, including electing to receive all dividends to the extent
currently available under Section 7.02(i) hereof.

	 	 	 	For Plan Years beginning on and after January 1, 2006, notwithstanding any
Plan provision to the contrary, the Committee may treat an immediate and
heavy financial need as not capable of being relieved from other resources
that are reasonably available to the Participant, if the Committee relies
upon the Participant’s representation (made in writing or in such other form
as may be prescribed by the Committee and that complies with the
requirements of Treasury Regulations Section 

11

 

	 	 	 	1.401(k)-1(d)(3)(iv)(C)),
unless the Committee has actual knowledge to the contrary.

	 	 	 	In the event of any withdrawal by a Participant pursuant to this Section
6.01(a)(1), such withdrawal shall terminate such Participant’s Salary
Reduction Contributions
under Section 4.01 and his or her right to make contributions under all
other employee plans maintained by the Employer until the first day of the
first payroll period which commences at least six (6) months following the
receipt of such withdrawal. Withdrawal elections under this Section
6.01(a)(1) may be made at any time but not more frequently than once each
calendar year.

     11. Section 11.02 is amended, effective for Plan Years beginning on and after January 1, 2006,
by striking said Section and substituting in lieu thereof the following:

	 	11.02	 	Plan Assets
	 
	 	 	 	In the event of any merger or consolidation of the Plan with, or transfer in whole
or in part of the assets and liabilities of the Trust Fund to, another trust fund
held under any other plan of deferred compensation maintained or to be established
for the benefit of all or some of the Participants of this Plan, the assets of the
Trust Fund applicable to such Participants shall be transferred to the other trust
fund only if:

	 	(a)	 	each Participant would (if either this Plan or the other plan
then terminated) receive a benefit immediately after the merger, consolidation
or transfer which is equal to or greater than the benefit he or she would have
been entitled to receive immediately before the merger, consolidation or
transfer (if this Plan had then terminated);
	 
	 	(b)	 	resolutions of the Boards of Directors of the Employers under
this Plan, or of any new or successor employer of the affected Participants,
shall authorize such transfer of assets; and, in the case of a new or successor
employer of the affected Participants, its resolutions shall include an
assumption of liabilities with respect to such Participants’ inclusion in the
new employer’s plan;
	 
	 	(c)	 	such other plan and trust are qualified under Code Sections 401(a) and 501(a);
and
	 
	 	(d)	 	such other plan satisfies the distribution limitations
described in Code Section 401(k)(2)(B) and Section 1.401(k)-1(d) of the
Treasury Regulations.

     12. Section 12.04 is amended, effective for Plan Years beginning on and after January 1, 2006,
by adding the following provision to the end of said Section:

	 	 	 	For purposes of this Section 12.04, the term “defined contribution plan” does not
include an employee stock ownership plan as defined in Code Section 4975(e)(7) or
Code Section 409(a), a simplified employee pension as defined in Code Section
408(k), a SIMPLE IRA plan as defined in Code Section 408(p), a plan or contract that
satisfies the requirements of Code Section 403(b), or a plan that is described in
Code Section 457(b) or (f).

12

 

     IN WITNESS WHEREOF, the Company has caused this AMENDMENT NO. TWO TO THE ATMOS ENERGY
CORPORATION RETIREMENT SAVINGS PLAN AND TRUST AMENDED AND RESTATED EFFECTIVE AS OF JANUARY 1, 2005
to be executed in its name on its behalf this 29th day of December, 2006, effective as of the dates
set forth herein.

	 	 	 	 	 	 	 
	 	 	ATMOS ENERGY CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ JOHN P. REDDY
 

John P. Reddy
	 	 
	 

	 	Title:
	 	SVP and CFO	 	 
	 
	 	 	 	 	 	 
	 	 	QUALIFIED RETIREMENT PLANS	 	 
	 	 	AND TRUSTS COMMITTEE	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ JOHN P. REDDY
 

John P. Reddy
	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ LOUIS P. GREGORY
 

Louis P. Gregory
	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ WYNN D. MCGREGOR
 

Wynn D. McGregor
	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ FRED E. MEISENHEIMER
 

Fred E. Meisenheimer
	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ CONRAD E. GRUBER
 

Conrad E. Gruber
	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ LAURIE M. SHERWOOD
 

Laurie M. Sherwood
	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ KIM COCKLIN
 

Kim Cocklin
	 	 

13

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