Document:

firstamendstockdefpln.htm

    Nicor
Inc.

    Exhibit
10.02

    Form
8-K

     

    NICOR
INC.

     

    FIRST
AMENDMENT TO

     

    NICOR
INC. STOCK DEFERRAL PLAN

    (Governing
Post-2004 Benefits)

     

    This
Amendment (the “Amendment”) to the Nicor Inc. Stock Deferral Plan governing
post-2004 benefits is effective as of July 23, 2009.  All capitalized
terms used in this Amendment but not defined herein shall have the meanings
assigned to such terms in the Plan (as defined below).

     

    WHEREAS,
Nicor Inc. (the “Company”) adopted the Nicor Inc. Stock Deferral Plan, as
amended and restated for post-2004 benefits effective January 1, 2008 (the
“Plan”).

     

    WHEREAS,
pursuant to Section 6 of the Plan, the compensation committee (the “Committee”)
of the board of directors of the Company may from time to time amend the
provisions of the Plan;

     

    WHEREAS,
the Committee has determined that it is appropriate to amend the provisions of
the Plan as a result of the application of Section 457A of the Code to amounts
deferred under the Plan by certain Participants;

     

    NOW,
THEREFORE, the Plan is hereby amended by adding a new SECTION 8 entitled “Code Section 457A” to
read in its entirety as follows:

     

    “8.1           Section 457A
Compliance.  It is the intent of the Company that no amounts or
awards may be deferred under this Plan if such amounts or awards are subject to
taxation under Section 457A of the Code (“Section 457A”) prior to the taxable
year in which such amounts or awards are distributed to
Participants.  Accordingly, notwithstanding any provision of this Plan
to the contrary, the following provisions shall apply to each employee of a
direct or indirect subsidiary of the Company that is a “nonqualified entity”
within the meaning of Section 457A (each a “Disqualified
Participant”):

     

    (a)           Effective
as of January 1, 2009, no Disqualified Participant shall be eligible to defer
any amounts or awards under this Plan and any Deferral Elections that have been
made by a Disqualified Participant shall be deemed null and void to the extent
such Deferral Elections relate to amounts or awards that are unvested as of
December 31, 2008 and which are attributable to services performed after
December 31, 2008, within the meaning of Section 457A and applicable Department
of Treasury guidance, and such amounts or awards shall not be deferred under
this Plan.

     

    (b)           All
Stock Units credited to a Disqualified Participant’s account for service prior
to January 1, 2009, shall be distributed to such Participant no later than
December 31, 2017, and each such Disqualified Participant shall be allowed to
modify his or her Distribution Election accordingly, provided such change in

     

    
      
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        Distribution
Election is in writing and effective on or before December 31,
2011.  If no new Distribution Election is filed in writing prior to
December 31, 2011, or such changed Distribution Election provides for
distribution of the Disqualified Participant’s Stock Units after December 31,
2017, then the Distribution Election as on file as of December 31, 2008 shall
govern.”

      

       

    

    FURTHER, this First Amendment to the
Plan shall be effective on the date approved by the Committee unless otherwise
specified herein.

     

    In all other respects, the Plan, as
amended by this First Amendment, shall remain in full force and
effect.

     

    IN
WITNESS WHEREOF, and as evidence of the adoption of the foregoing, the Company
has caused this Amendment to be executed by a duly authorized officer as of the
date first set forth above.

     

    

     

                        NICOR
INC.

     

    

                        By: /s/ CLAUDIA
COLALILLO                      

                      Claudia
Colalillo

                      Senior Vice
President Human Resources 

                      and Corporate
Communications

     

    

     

    

    
      
        2secamend2006ltincentpln.htm

    Nicor
Inc.

    Exhibit
10.03

    Form
8-K

     

    NICOR
INC.

     

    SECOND
AMENDMENT TO

     

    NICOR
INC. 2006 LONG TERM INCENTIVE PLAN

     

    This
Amendment (the “Amendment”) to the Nicor Inc. 2006 Long Term Incentive Plan is
effective as of July 23, 2009.  All capitalized terms used in this
Amendment but not defined herein shall have the meanings assigned to such terms
in the Plan (as defined below).

     

    WHEREAS,
Nicor Inc. (the “Company”) previously adopted the Nicor Inc. 2006 Long Term
Incentive Plan (the “Plan”).

     

    WHEREAS,
the compensation committee of the board of directors of the Company has been
selected as the Committee for purposes of the plan and, pursuant to Section 9 of
the Plan, may from time to time amend the provisions of the Plan;

     

    WHEREAS,
the Committee has determined that it is appropriate to amend the provisions of
the Plan as a result of the application of Section 457A of the Code to the Plan
with respect to certain Participants;

     

    NOW,
THEREFORE, the Plan is hereby amended by adding the following to Section
5.5(e)(ii):

     

     “Notwithstanding
the foregoing, if a Participant is employed by a Related Company that is a
“nonqualified entity” within the meaning of Section 457A of the Code, the
Committee may in its discretion accelerate the determination of the value and
settlement of any Performance Unit Awards prior to the end of the Performance
Period.”

     

    FURTHER, this Second Amendment to the
Plan shall be effective on the date approved by the Committee, unless otherwise
specified herein.

     

    In all
other respects the Plan, as amended by this Second Amendment shall remain in
full force and effect.

     

    IN
WITNESS WHEREOF, and as evidence of the adoption of the foregoing, the Company
has caused this Amendment to be executed by a duly authorized officer as of the
date first set forth above.

     

    

     

                        NICOR
INC.

     

    

     

                        By: /s/ CLAUDIA
COLALILLO                              

                      Claudia
Colalillo

                      Senior Vice
President Human Resources and

                      Corporate
Communicationsfirstamend2008ltincentpgm.htm

    Nicor
Inc.

    Exhibit
10.04

    Form
8-K

     

    NICOR
INC.

     

    FIRST
AMENDMENT TO

     

    NICOR
INC. 2008 LONG-TERM INCENTIVE PROGRAM

     

    This
Amendment (the “Amendment”) to the Nicor Inc. 2008 Long-Term Incentive Program
is effective as of July 23, 2009.  All capitalized terms used in this
Amendment but not defined herein shall have the meanings assigned to such terms
in the Program (as defined below).

     

    WHEREAS,
Nicor Inc. (the “Company”) previously adopted the Nicor Inc. 2008 Long-Term
Incentive Program (the “Program”) under the Nicor Inc. 2006 Long Term Incentive
Plan.

     

    WHEREAS,
the compensation committee (the “Committee”) of the board of directors of the
Company has determined that it is appropriate to amend the provisions of the
Program as a result of the application of Section 457A of the Code to certain
participants who have received awards under the Program;

     

    NOW,
THEREFORE, the Program is hereby amended as follows:

     

    (a)           By
amending and restating the first bullet under the heading “How
Performance Unit Payouts are Determined” to read in full as
follows:

     

    “Except
as provided under the heading “Termination
Provisions” below, all performance units pay out at the end of a
three-year performance period.  Payouts generally will be made as soon
as practicable following the end of the performance period, but not later than
December 31 of the calendar year following the end of the performance
period.”

     

    (b)           By
adding the following to the section of the Program under the heading “Termination
Provisions” at the end thereof:

     

    “Notwithstanding
the foregoing, with respect to an award recipient who is an employee of Tropical
Shipping Company, the following shall apply:

     

    
      	
              ·  

            	
              In
      the case of retirement of an award recipient who is an employee of
      Tropical Shipping Company, unvested restricted stock units and performance
      units will not vest as provided above and will instead be immediately
      forfeited; provided, however, that the Compensation Committee may in its
      sole discretion determine to vest any restricted stock units or
      performance units held for more than one year prior to
      retirement.

            	 

    

     

    
      	
              ·  

            	
              In
      the case of death or disability of an award recipient who is an employee
      of Tropical Shipping Company, unvested performance units held for more
      than one year (as of the date of death or disability) will not vest and
      will not be paid as provided above.  Instead, a pro rata
      

            	 

    

     

    
      
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                  amount
      of such unvested performance units (based upon the number of full months
      of employment of the award recipient during the performance period) will
      vest and the award recipient (or beneficiary, as applicable) will be paid
      with respect to such portion of the performance units upon such death or
      disability at a payout multiple of 100%. The remaining portion of the
      performance units will be immediately forfeited.”

                	 

        

         

      

    

    FURTHER, this First Amendment to the
Program shall be effective on the date approved by the Committee, unless
otherwise specified herein.

     

    In all other respects the Program, as
amended by this First Amendment shall remain in full force and
effect.

     

    IN
WITNESS WHEREOF, and as evidence of the adoption of the foregoing, the Company
has caused this Amendment to be executed by a duly authorized officer as of the
date first set forth above.

     

    

     

                        NICOR
INC.

     

    

     

                        By: /s/ CLAUDIA
COLALILLO                      

                      Claudia
Colalillo

                      Senior Vice
President Human Resources

                      and Corporate
Communications

     

    

     

    

    
      
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