Document:

First Amendment to the AGL Resources Inc. Long-Term Incentive Plan (1999), as amended and restated

Exhibit
10.1.b

FIRST
AMENDMENT TO THE

AGL
RESOURCES INC.

LONG-TERM
INCENTIVE PLAN (1999)

This
First Amendment to the AGL Resources Inc. Long-Term Incentive Plan (1999) (the
“Plan”) is made and entered into this 27th day of September, 2004, by AGL
Resources Inc. (the “Company”).

WITNESSETH:

WHEREAS,
the Company sponsors the Plan to provide incentive and to encourage proprietary
interest in the Company by its key employees, officers and inside directors;
and

WHEREAS,
the Company has determined that it would be in the best interest of the Company,
its employees and the employees of its subsidiaries to amend the Plan to provide
that awards of Performance Units may, in the Committee’s discretion, be paid in
cash, rather than in shares of Company common stock; and

WHEREAS,
Section 9.7 of the Plan provides that the Board may amend the Plan at any time;

NOW,
THEREFORE, BE IT RESOLVED, that the Plan hereby is amended as
follows:

1.

Section
2.19 of the Plan shall be amended in its entirety, effective as of September 27,
2004, to read as follows:

“Performance
Unit” means an award of the right, subject to such conditions, restrictions and
contingencies as the Committee determines, to receive one share of Common Stock
or in the Committee’s sole discretion, an amount of cash determined by the
Committee and set forth in the applicable Performance Unit
Agreement.

2.

Section
8.1 of the Plan shall be amended, effective as of September 27, 2004, by adding
a new subsection (f), which shall read in its entirety as follows:

(f)
 Whether
the Performance Units shall be converted, upon vesting, into shares of Common
Stock or in the Committee’s sole discretion, settled in cash or a combination
thereof.

3.

Subsection
8.7 of the Plan shall be amended, effective as of September 27, 2004, to read in
its entirety, as follows:

Delivery
of Common Stock As Payment; Payment in the Form of Cash: At the
time the Performance Units vest, the Performance Units will be converted into an
equal number of shares of Company common stock, and such common stock will be
issued to the Recipient within a reasonable period of time pursuant to the terms
of the Plan. Upon the issuance of the common stock, the Recipient will have
immediate rights of ownership in the stock, including the right to vote the
stock and the right to receive dividends on the stock. Alternatively, if
provided in the applicable Performance Unit Agreement, at the time the
Performance Units vest, the Recipient may, in the sole discretion of the
Committee, receive a payment or a portion of a payment, in cash, in an amount
equal to the fair market value (as of the time of vesting) of the number of
vested Performance Units subject to such payment or partial payment.

 

4.

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

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

 

 

                                       AGL
RESOURCES INC.

 

                                       
By: /s/
Melanie M. Platt

Melanie
M. Platt

Senior
Vice PresidentForm of Performance Unit Agreement for key employees

Exhibit
10.1.e

AGL
RESOURCES INC.

LONG-TERM
INCENTIVE PLAN (1999)

PERFORMANCE
UNIT AGREEMENT

This
Agreement sets forth the terms of Performance Units awarded under the
above-named Plan. 

Name
of Participant:
___________________________________________________________________________________

Date
of Award:____________________________
Number
of Performance Units:_______________________________

Vesting: The
performance units shall first become vested as follows:

o _______
percent of performance units vested on the first anniversary of the date of
award;

     _______
percent of performance units vested on each successive anniversary of the date
of award. 

o Other:__________________________________________________________________________________

o Performance
Criteria:______________________________________________________________________

__________________________________________________________________________________

Notwithstanding
the above, performance units awarded hereunder shall become vested upon a Change
of Control of AGL Resources Inc. (as defined in the Plan), in a prorated amount
based on the number of days of the performance period which has been completed
and with performance deemed to have been met at “target” level . In the event of
the Participant’s termination of employment for any reason, any portion of the
award which is not vested shall be forfeited immediately. 

 

Transferability: The
Participant may not transfer performance units. 

This
Performance Unit Agreement is subject to the terms and conditions of the Plan.
The Participant has received a copy of the Plan’s prospectus, including a copy
of the Plan. The Participant agrees to the terms of this Performance Unit
Agreement, which may be amended only upon a written agreement signed by the
parties hereto. 

This
_______ day of ____________________, 20___.

 

AGL
RESOURCES INC.     PARTICIPANT:   

By:
_____________________________________  
____________________________________________

Melanie
M. Platt, Corporate SecretarySecond Amendment to the AGL Resources Inc. Nonqualfied Savings Plan

Exhibit
10.1.r

SECOND
AMENDMENT TO THE

AGL
RESOURCES INC. NONQUALIFIED SAVINGS PLAN

THIS
SECOND AMENDMENT to the
AGL Resources Inc. Nonqualified Savings Plan (the “Plan”) hereby is made by AGL
Resources Inc. (the “Controlling Company”) as of this 27th day of
October, 2004.

W I T
N E S S E T H:

WHEREAS, the
Controlling Company maintains the Plan (as most recently amended and restated as
of January 1, 2001) to provide nonqualified unfunded deferred compensation for
the benefit of a select group of management or highly compensated employees;
and

WHEREAS, the
Controlling Company desires to amend the Plan to change the default investment
under the Plan for participants who fail to make an election or whose election
is inadequate; and

WHEREAS, the
Controlling Company desires to amend the Plan to clarify the identification of
the Investment Committee as the committee responsible for establishing and
reviewing the array of Investment Funds available under the Plan;
and

WHEREAS, Section
9.1 of the Plan permits the Company to amend the Plan at any time;

NOW,
THEREFORE, effective
as of January 1, 2004, the Plan hereby is amended as follows:

1.

A new
Section 1.25A shall be added to the Plan between Sections 1.25 and 1.26, to read
as follows:

 

“1.25A. Investment
Committee shall
mean the committee which is appointed by and acts on behalf of the Controlling
Company with respect to making and effecting investment decisions, all as
provided in Article V. The Controlling Company may act in lieu of the Investment
Committee as it deems appropriate or desirable.”

2.

Subsections
(a) and (b) of Section 5.2 of the Plan shall be amended to read as
follows:

“5.2 Investment
Funds. To the
extent a trust fund is established, all Contributions to the Plan shall be
invested in the following manner:

 

(a) Named
Investment Funds. In
accordance with instructions from the Investment Committee and the terms of the
Plan, the Trustee shall establish, for the investment of assets of the trust
fund, one or more of the investment fund or funds established under the
Retirement Savings Plus Plan.

 

(b) Other
Investment Funds. At the
direction of the Investment Committee, the Trustee shall establish other
Investment Funds, in addition to or in lieu of the Investment Funds described
herein, which may include, for example, other income funds or equity funds. Such
other Investment Funds shall be established without necessity of amendment to
the Plan or the Trust and shall have the investment objectives prescribed by the
Investment Committee and to which the Trustee consents. Such other Investment
Funds also may be established and maintained for any limited purpose(s) the
Investment Committee may direct.”

3.

The first
sentence of Section 5.3 of the Plan shall be amended to read as
follows:

“5.3 Investment
Procedures.

Each
Participant or Beneficiary generally may direct the manner in which his Accounts
shall be invested in and among the Investment Funds; provided, however, that the
Investment Committee shall have sole discretion as to investment of a
Participant’s or Beneficiary’s Accounts and may refuse to follow a Participant’s
or Beneficiary’s investment directions.”

 

4.

 

The last
sentence of subsection (a) of Section 5.3 of the Plan shall be amended to read
as follows:

 

“In the
event a Participant fails to make an investment election or a Participant’s
election form is incomplete or insufficient in some manner, the Participant’s
future Before Tax Contributions will be invested in the Stable Value Trust Fund
or any successor stable fund.” 

 

5.

 

Subsection
(a) of Section 5.4 of the Plan shall be amended to read as follows:

 

“5.4 Acquisition
of Company Stock.

 

(a) In
General. To the
extent that Contributions and investment earnings on Company Stock are paid in
cash, the Trustee shall effect purchases of Company Stock in compliance with all
applicable securities laws, and in its sole discretion, may purchase Company
Stock in the open market and/or in privately negotiated transactions with
holders of Company Stock and/or the Controlling Company. All purchases of
Company Stock by the Trust will be made at a price or prices which, in the
judgment of the Trustee, do not exceed the fair market value of such Company
Stock as of the date of the purchase.”

6.

Subsection
(c) of Section 8.1 of the Plan shall be amended by deleting subclause (v)
thereof, so that such subsection (c) shall read as follows:

“(c) Powers
and Responsibility. The
Administrative Committee shall have complete control of the administration of
the Plan hereunder, with all powers necessary to enable it properly to carry out
its duties as set forth in the Plan and the Trust Agreement. The Administrative
Committee shall have the sole authority in its discretion to (i) construe the
Plan and to determine all questions that shall arise thereunder; (ii) decide all
questions relating to the eligibility of Employees to participate in the
benefits of the Plan; (iii) determine the benefits of the Plan to which any
Participant or Beneficiary may be entitled; (iv) maintain and retain records
relating to Participants and Beneficiaries; (v) prepare and furnish to the
Trustee sufficient employee data and the amount of Contributions received from
all sources so that the Trustee may maintain separate accounts for Participants
and Beneficiaries and make required payments of benefits; (vi) arrange for any
required fiduciary bonding; and (vii) prepare and file or publish with the
Secretary of Labor, the Secretary of the Treasury, their delegates and all other
appropriate government officials all reports and other information required
under law to be so filed or published.”

7.

Subsection
(a) of Section 8.2 of the Plan shall be amended to read as follows:

“8.2 Controlling
Company and Board.

 

“(a) General
Responsibilities. The
Controlling Company and the Board shall have the authority and responsibility to
(i) appoint the Trustee, the Investment Committee and the Administrative
Committee and to monitor each of their performances; (ii) communicate such
information to the Trustee, the Investment Committee and the Administrative
Committee as each needs for the proper performance of its duties; (iii) provide
channels and mechanisms through which the Administrative Committee, the
Investment Committee and/or the Trustee can communicate with Participants and
Beneficiaries; and (iv) perform such duties as are imposed by law or by
regulation and serve as Plan Administrator in the absence of an appointed
Administrative Committee.”

8.

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

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

AGL
RESOURCES INC.

By:
 /s/
Melanie M. Platt

        Title:
Senior Vice President

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