Document:

dex102.htm

Exhibit 10.2

Amendment No. 3

to the

Severance Plan for Officers of

Lincoln National Corporation

(Restated effective June 13, 2011)

The Severance Plan for Officers of Lincoln National Corporation is hereby amended effective as of the date indicated below as follows:

	
1.

	
Effective July 12, 2012 through December 28, 2012, the first paragraph of Article IV-A of the Plan is hereby amended to read as set forth below.  After December 28, 2012, Article IV-A shall no longer be in effect and shall be deleted from the Plan.

“Article IV-A: Additional Severance Period

Any Officer (other than one who is classified as a Section 16 Officer under the Securities Exchange Act of 1934, as amended) who receives formal written notice of Job Elimination from the Corporation from July 12, 2012 through November 30, 2012 and whose separation from service with the Corporation occurs on or before December 28, 2012 may be eligible for an additional Severance Period as described in this Article IV-A.  Any Eligible Individual who receives formal written notice of Job Elimination from the Corporation after November 30, 2012 or whose separation from service with the Corporation occurs after December 28, 2012 (regardless of when formal written notice of Job Elimination was received) shall not be eligible for the additional Severance Period described in this Article IV-A.”

 

	 	 	 *	 *	 *	 *	 

2.           In all other respects, said Plan shall remain in full force and effect.

IN WITNESS WHEREOF, the President and Chief Executive Officer of the Company has executed this Amendment No. 3 this _____ day of September, 2012.

LINCOLN NATIONAL CORPORATION

 

 

By: /s/ Dennis R. Glass

      Dennis R. Glass

      President and Chief Executive OfficerWebFilings | MDU-9.30.2012Q3 Ex 10a

INSTRUMENT OF AMENDMENT TO THE
MDU RESOURCES GROUP, INC. 
401(k) RETIREMENT PLAN

The MDU Resources Group, Inc. 401(k) Retirement Plan (as amended and restated March 1, 2011) (the “Plan”), is hereby further amended, effective as of July 1, 2012, unless otherwise indicated, as follows:

		
	1.
	Effective as of May 1, 2012, by adding WBI Energy, Inc. (“WBIE”) as a Participating Affiliate and to the table in Section D‐1‐2 Eligibility to Share in the Profit Sharing Feature of Supplement D-1, Provisions Relating to the Profit Sharing Feature for Certain Participating Affiliates. 

Explanation: This amends Supplement D-1 to reflect WBIE as a Participating Affiliate due to WBI’s restructuring.  

		
	2.
	By removing WBI Holdings, Inc. (“WBIH”) as a Participating Affiliate and from the table in Section D‐1‐2 Eligibility to Share in the Profit Sharing Feature of Supplement D-1, Provisions Relating to the Profit Sharing Feature for Certain Participating Affiliates.

Explanation: This amends Supplement D-1 as employees of WBIH became employees of WBIE on July 1, 2012, due to WBI’s restructuring. WBIH is removed as a Participating Affiliate as the Company no longer has employees.

		
	3.
	By further modifying the table and footnotes in Section D‐1‐2 Eligibility to Share in the Profit Sharing Feature of Supplement D-1, Provisions Relating to the Profit Sharing Feature for Certain Participating Affiliates to reflect the name changes of Bitter Creek Pipelines, LLC and its division Total Corrosion Solutions to WBI Energy Midstream, LLC and WBI Energy Corrosion Services, respectively; and Williston Basin Interstate Pipeline Company to WBI Energy Transmission, Inc.

Explanation:  This reflects the name changes of Bitter Creek Pipelines, LLC, its division Total Corrosion Solutions, and Williston Basin Interstate Pipeline Company as Participating Affiliates and amends Supplement D-1, effective as of July 1, 2012.

		
	4.
	By modifying the table and footnote in Section D‐2‐2 Eligibility to Share in the Retirement Contribution of Supplement D-2, Provisions Relating to the Retirement Contribution Feature for Certain Participating Affiliates to reflect the name change of Bitter Creek Pipelines, LLC to WBI Energy Midstream, LLC.

Explanation: This amends Supplement D-2 to reflect the name change of Bitter Creek Pipelines, LLC as a Participating Affiliate, effective as of July 1, 2012.

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	5.
	By removing Knife River – Western North Dakota Division, a Division of Knife River Corporation – North Central (“KR-WND”) as a Participating Affiliate and from the table in Section D-3-2 Eligibility to Share in the Profit Sharing Feature of Supplement D-3, Provisions Relating to the Profit Sharing Feature for Certain Participating Affiliates.

Explanation: This amends the Participating Affiliates in the table of Supplement D-3 to reflect the consolidation of the two North Dakota divisions of Knife River Corporation – North Central.

		
	6.
	By adding the following paragraph to the end of Section D-3-3 Amount of Profit Sharing Contributions, Allocation of Supplement D-3, Provisions Relating to the Profit Sharing Feature for Certain Participating Affiliates:

Notwithstanding the foregoing, for the Plan Year ended December 31, 2012, eligible employees of KR-WND as of June 30, 2012, shall receive profit sharing contributions in an amount equal to the greater of: (i) the profit sharing contributions determined using consolidated profitability measures; or (ii) the profit sharing contributions determined using separate profitability measures.

Explanation:   This amends Supplement D-3 to ensure that the profit sharing contribution for eligible employees of KR-WND are not less than what they would have been entitled to receive had the consolidation not occurred during the middle of the Plan Year. 

		
	7.
	By adding WBIE as a Participating Affiliate, removing WBIH as a Participating Affiliate, and changing Williston Basin Interstate Pipeline Company to WBI Energy Transmission, Inc. in Section D‐6‐2 Eligibility to Share in the Retirement Contribution of Supplement D-6, Provisions Relating to the MDU Group Inc. Retirement Contribution Feature.

Explanation:  This amends Supplement D-6 to reflect WBIE as a Participating Affiliate, as the result of moving the employees of WBIH to WBIE, and the name change for Williston Basin Interstate Pipeline Company.  WBIH is removed as a Participating Affiliate as the Company no longer has employees.

		
	8.
	By replacing  the following entry in Schedule B, in its entirety:

Knife River – Western North Dakota Division (KR-WND), a division of Knife River Corporation – North Central shall make supplemental contributions on behalf of its Davis-Bacon Employees in such amounts as may be necessary to satisfy the Prevailing Wage Law’s required fringe cost to the extent that the sum of the employer Matching and Profit

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Sharing Contributions, if any, for a period are insufficient to satisfy the Prevailing Wage Law’s required fringe cost pursuant to Supplement G; however, effective as of July 1, 2012, KR‐WND shall no longer be a Participating Affiliate under the terms of the Plan and correspondingly shall not make Davis Bacon contributions for any pay period beginning on or after July 1, 2012.

Effective March 17, 2011 and as amended as of July 1, 2012.

Explanation:  This amends Schedule B to reflect that KR-WND is no longer a Participating Affiliate, effective as of July 1, 2012.

IN WITNESS WHEREOF, MDU Resources Group, Inc., as Sponsoring Employer of the Plan, has caused this Supplement to be duly executed by a member of the MDU Resources Group, Inc. Employee Benefits Committee on this 29th day of August, 2012.

	
				
	 
	MDU RESOURCES GROUP, INC.

	 
	EMPLOYEE BENEFITS COMMITTEE

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Doran N. Schwartz

	 
	 
	Doran N. Schwartz, Chairman

3WebFilings | MDU-9.30.2012Q3 Ex 10b

INSTRUMENT OF AMENDMENT TO THE
MDU RESOURCES GROUP, INC. 
401(k) RETIREMENT PLAN

The MDU Resources Group, Inc. 401(k) Retirement Plan (as amended and restated March 1, 2011) (the “K-Plan”), is hereby further amended, effective January 1, 2013, as follows:

		
	1.
	By replacing Section D‐6A‐2 Eligibility to Share in the Retirement Contribution of Supplement D-6A,  Provisions Relating to the Retirement Contribution Feature, in its entirety, with the following:

		
	D-6A-2
	Eligibility to Share in the Retirement Contribution.  Participation in the Retirement Contribution for any Plan Year is limited to individuals who were active Participants in a Company Pension Plan as of December 31, 2009.  Notwithstanding the foregoing, active Participants in the MDU Resources Group, Inc. Pension Plan for Collective Bargaining Unit Employees as of June 30, 2011, shall be eligible to participate in this Retirement Contribution Feature, effective July 1, 2011. Furthermore, active participants in the Retirement Plan for Employees of Cascade Natural Gas Corporation, who are covered by a collective bargaining agreement that provides for participation in such plan as of September 30, 2012, shall be eligible to participate in this Retirement Contribution Feature, effective January 1, 2013.     

In order to share in the allocation of the Retirement Contribution made by a Supplement D-6A Company pursuant to paragraph 3 below for a given Plan Year, Eligible Employees described above must be compensated for 1,000 Hours of Service in that Plan Year; provided, however, that if the Participant’s failure to be compensated for 1,000 Hours of Service in the Plan Year is due to the Participant’s Disability, Death, or Retirement on or after attaining age 60 during such Plan Year, such Participant shall nevertheless be entitled to a Retirement Contribution for such Plan Year.  Any Participant who is not a Highly Compensated Employee who has met the above eligibility requirements as of June 30 each Plan Year shall receive a pro-rata allocation mid‐year based on compensation paid through June 30. The final annual allocation shall be reduced by any such mid-year allocation.  Participants who meet the requirements of this paragraph are referred to herein as “Supplement D-6A Participants.”

Explanation: This amendment provides for Retirement Contributions to the K-Plan accounts of those Participants who are covered collective bargaining Participants in the Retirement Plan for Employees of Cascade Natural Gas Corporation due to freezing benefit accruals in such plan.  

		
	2.
	By replacing Section D‐6A‐3 Amount of Retirement Contribution of Supplement D-6A,  Provisions Relating to the Retirement Contribution Feature, in its entirety, with the following:

		
	D-6A-3 
	Amount of Retirement Contribution.  For each Plan Year, Supplement D-6A Participants eligible to participate in this feature on January 1, 2010, will be credited with the following static contribution based upon 

1

their age as of December 31, 2009; Supplement D-6A Participants eligible to participate July 1, 2011, will be credited with the following static contribution based upon their age as of June 30, 2011; and Supplement D-6A Participants eligible to participate January 1. 2013, will be credited with the following static contribution based upon their age as of December 31, 2012, and their eligible Compensation, excluding bonuses for the Plan Year (paid after the initial effective date of the provision).

	
		
	Age as of 
December 31, 2009/
June 30, 2011/
December 31, 2012
	Retirement Contribution Percentage

	Less than 30
	5.0%

	30 but less than 35
	7.0%

	35 but less than 40
	9.0%

	40 but less than 45
	10.5%

	45 and over
	11.5%

Notwithstanding the foregoing, if the Retirement Contribution Percentage above for Participants who are Highly Compensated Employees is more than the amount permitted under Section 415 of the Code, the Participant’s Retirement Contributions shall be reduced to the extent necessary to comply with Section 415 of the Code. The Retirement Contribution Percentage above may also be reduced for Participants who are Highly Compensated Employees, as necessary, to pass nondiscrimination testing.

Explanation: This amendment provides for Retirement Contributions to the K-Plan accounts of those Participants who are covered collective bargaining Participants in the Retirement Plan for Employees of Cascade Natural Gas Corporation due to freezing benefit accruals in such plan.  

IN WITNESS WHEREOF, MDU Resources Group, Inc., as Sponsoring Employer of the Plan, has caused this amendment to be duly executed by a member of the MDU Resources Group, Inc. Employee Benefits Committee on this 29th day of August, 2012.

	
				
	 
	MDU RESOURCES GROUP, INC.

	 
	EMPLOYEE BENEFITS COMMITTEE

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Doran N. Schwartz

	 
	 
	Doran N. Schwartz, Chairman

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