Document:

exv10w13

Exhibit 10.13

NISOURCE INC.

1994 LONG-TERM INCENTIVE PLAN

FORM OF RESTRICTED STOCK AGREEMENT

     This
Agreement is made as of the ___ day of ___, (“Date of Award”) between NiSource
Inc. (the “Company”) and ___ (the “Grantee”). In consideration of the
agreements set forth below, the Company and the Grantee agree as follows:

     1. Grant.
A restricted stock award (“Award”) of ___ shares (“Restricted Shares”)
of the Company’s common stock, without par value (“Common Stock”), will be granted by the Company
to the Grantee, subject to the following terms and conditions, and to the provisions of the
NiSource Inc. 1994 Long-Term Incentive Plan as amended and restated effective January 1, 2005, and
subsequently amended (the “Plan”), the terms of which are incorporated by reference herein. The
number of Restricted Shares to be granted pursuant to this Agreement shall be maintained as a
bookkeeping entry on the books of the Company until the Common Stock related to the Restricted
Shares is delivered. No funds shall be set aside or earmarked for any Restricted Share. The right
of the Grantee or his or her beneficiary to receive a distribution hereunder shall be an unsecured
claim against the general assets of the Company, and neither the Grantee nor his or her beneficiary
shall have any rights in or against any amounts credited to the books of the Company or any other
specific assets of the Company.

     2. Transfer Restrictions. None of the Restricted Shares shall be sold, assigned,
pledged or otherwise transferred, voluntarily or involuntarily, by the Grantee prior to the lapse
of restrictions or pro rata distribution, as applicable, pursuant to Sections 3, 4, or 5 below, and
until permitted pursuant to the terms of the Plan.

     3. Lapse of Restrictions. Subject to sections 4 and 5, the restrictions set forth in
Section 2 shall lapse on January 31, 2011.

     4. Termination Due to Retirement, Death or Disability. Notwithstanding Section 3, if,
before January 31, 2011, the Grantee terminates employment with the Company and its affiliates (1)
due to retirement, with having attained age 55 and completed 10 Years of Service, or (2) due to
death or disability (as defined under Internal Revenue Code Section 409A and the regulations
promulgated thereunder (“Code Section 409A”)), the restrictions set forth in Section 2 of this
Agreement shall lapse with respect to a pro rata portion of such Restricted Shares on the date of
such termination of employment. Such pro rata lapse of the restrictions shall be determined using
a fraction, where the numerator shall be the number of full or partial calendar months elapsed
between the Date of Award and the date the Grantee terminates employment, and the denominator shall
be the number of full or partial calendar months elapsed between the Date of Award and January 31,
2011. For purposes of this Agreement, “Service” has the same meaning used in the NiSource Inc. and
Northern Indiana Public Service Company Pension Plan or such other pension plan in which the
Grantee is a Participant.

 

     5. Change in Control. Notwithstanding the provisions of Section 3 and 4 above, in the
event of a Change in Control of the Company, as defined in the Plan, all restrictions applicable to
the Restricted Shares shall lapse on the fifth business day prior to the date such Change in
Control is consummated.

     6. Forfeiture. All of the Restricted Shares with respect to which restrictions have
not lapsed pursuant to Section 3 or 5, or which are not subject to a pro rata distribution pursuant
to Section 4, shall be forfeited to the Company upon the Grantee’s termination of employment with
the Company and its affiliates for any reason. Notwithstanding the preceding sentence, all rights
with respect to the Award, and all of the Restricted Shares shall be forfeited to the Company upon
the Grantee’s involuntary termination of employment with the Company and its affiliates for Cause.
“Cause” means the Grantee’s conviction for the commission of a felony, or the Grantee’s fraud or
dishonesty which has resulted or is likely to result in material economic damage to the Company or
any affiliate.

     7. No Rights as Stockholder. During the restriction period and until Common Stock has
been delivered, the Grantee shall not have any rights as a stockholder of the Company with respect
to the Restricted Shares.

     8. Limitation on Restricted Shares. Notwithstanding Sections 3, 4 and 5, the
restrictions set forth in Section 2 shall lapse, or the Grantee shall become entitled to a pro rata
distribution pursuant to Section 4, during any calendar year with respect to which the Grantee is a
“covered employee” (as defined in Section 162(m) of the Internal Revenue Code of 1986, as amended
(the “Code”), or any successor section, and regulations issued thereunder) only with respect to a
sufficient number of Restricted Shares whose aggregate fair market value on the date such
restrictions would, but for this Section 8, lapse or become subject to a pro rata distribution (the
closing price of Common Stock on the New York Stock Exchange Composite Transactions on the
applicable date), that when added to the Grantee’s “applicable employee remuneration” (as defined
in Section 162(m) of the Code or any successor section, and regulations issued thereunder) for the
applicable calendar year (including any dividends or other distributions received pursuant to
Section 7 during such calendar year) that does not constitute “qualified performance-based
compensation” (as defined in Section 162(m) of the Code or any successor section and regulations
thereunder), do not exceed the aggregate amount of $999,999.00 for the applicable calendar year
(“Limitation”).

          To the extent the restrictions on any Restricted Shares do not lapse, or any Restricted Shares
do not become subject to a pro rata distribution, due to the application of this Section 8, the
restrictions on such Restricted Shares shall lapse, or such Restricted Shares shall become subject
to a pro rata distribution, on the first to occur of:

          (a) the last business day of any subsequent calendar year or years to the extent that the
Limitation is not exceeded for such year or years,

          (b) the date next following the Grantee’s date of termination of employment with the Company
and its affiliates for any reason other than for Cause, or

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          (c) the first business day of the year next following the year with respect to which the
Grantee ceases to be a “covered employee” (as defined in Section 162(m) of the Code or any
successor section and regulations thereunder).

     9. Issuance of Common Stock. Certificates of Common Stock related to the Restricted
Shares shall be issued in Grantee’s name and delivered to the Grantee as soon as practicable after
the first to occur of the date (a) all restrictions lapse or (b) such Restricted Shares are subject
to a pro rata distribution, as provided in this Agreement. However, notwithstanding any provision
to the contrary, if, in the reasonable determination of the Company, a Grantee is a “specified
employee” for purposes of Code Section 409A, then, if necessary to avoid the imposition on the
Grantee of excise tax and interest under Code Section 409A, the Company shall not deliver the
Common Stock otherwise payable upon the Grantee’s termination and separation of service until a
date that is as soon as practicable after 6 months following the Grantee’s termination and
separation of service from the Company.

     10. Government Regulations. Notwithstanding anything contained herein to the
contrary, the Company’s obligation to issue or deliver certificates evidencing the Restricted
Shares shall be subject to all applicable laws, rules and regulations, and to such approvals by any
governmental agencies or national securities exchanges as may be required.

     11. Withholding Taxes. The Company shall have the right to require the Grantee to
remit to the Company, or to withhold from other amounts payable to the Grantee, as compensation or
otherwise, an amount sufficient to satisfy all federal, state and local withholding tax
requirements as provided in the Plan.

     12. Governing Law. This Agreement shall be construed under the laws of the State of
Indiana.

     13. Securities Law Compliance. The delivery of all or any of the Common Stock
relating to the Restricted Shares shall only be effective at such time that the issuance of such
Common Stock will not violate any state or federal securities or other laws. The Company is under
no obligation to effect any registration of Common Stock under the Securities Act of 1933 or to
effect any state registration or qualification of the Common Stock issued under this Agreement. The
Company may, in its sole discretion, delay the delivery of Common Stock or place restrictive
legends on Common Stock in order to ensure that the issuance of any Common Stock will be in
compliance with federal or state securities laws and the rules of any exchange upon which the
Company’s Common Stock is traded. If the Company delays the delivery of Common Stock in order to
ensure compliance with any state or federal securities or other laws, the Company shall deliver the
Common Stock at the earliest date at which the Company reasonably believes that such delivery will
not cause such violation, or at such other date that may be permitted under Code Section 409A.

     14. Entire Agreement; Code Section 409A Compliance. This Agreement and the Plan
contain the terms and conditions with respect to the subject matter hereof and supersede any
previous agreements, written or oral, relating to the subject matter hereof. This Agreement shall
be interpreted in accordance with Code Section 409A. This Agreement shall be deemed to be

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modified to the maximum extent necessary to be in compliance with Code Section 409A’s rules. If
the Grantee is unexpectedly required to include in the Grantee’s current year’s income any amount
of compensation relating to the Restricted Shares because of a failure to meet the requirements of
Code Section 409A, then to the extent permitted by Code Section 409A, the Grantee may receive a
distribution of Common Stock in an amount not to exceed the amount required to be included in
income as a result of the failure to comply with Code Section 409A.

     IN WITNESS WHEREOF, the Company has caused this Award to be granted, and the Grantee has
accepted this Award, as of the date first above written.

	 	 	 	 	 
	 	 	NISOURCE INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 	 	 
	 	 	     Grantee

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Exhibit 10.17

NISOURCE 2008 CORPORATE INCENTIVE PLAN

			
	1.	 	PURPOSE

The purpose of the NiSource 2008 Corporate Incentive Plan (“Plan”) is to motivate and reward
certain employees of NiSource Inc. (the “Corporation”) and its affiliates (individually, the
“Employer” and collectively, the “Employers”) by making a portion of their compensation dependent
upon the achievement of certain performance criteria.

			
	2.	 	ADMINISTRATION

The Plan is administered by the Officer Nomination and Compensation Committee (“Committee”) of the
Board of Directors of the Company (“Board”), which, subject to action of the Board, has complete
discretion and authority with respect to the Plan and its application, except to the extent that
discretion is expressly limited by the Plan.

			
	3.	 	ELIGIBILITY FOR PARTICIPATION

All exempt and non-exempt employees of the Company and its affiliates, other than employees who
have received a last chance letter, final notice letter or equivalent during the Plan year, certain
exempt employees who participate in other specialized functional incentive plans and bargaining
unit employees of Kokomo Gas and Fuel Company are eligible to participate in the Plan
(“Participants”). The Committee may add additional employees, and remove employees, as
Participants during each calendar year.

Notwithstanding the previous paragraph, an employee described above shall be a “Limited
Participant” if he or she has received one or more suspensions without pay totaling five days or
more during the calendar year. Each limited participant will have their individual incentive
opportunity reduced by at least 50%. Any Participant not covered under the preceding sentences is
a “Full Participant.”

			
	4.	 	CREATION OF PERFORMANCE TARGETS

	 	A.	 	PERFORMANCE GROUPS

For incentive purposes, Participants shall participate as a member of one of the
following “Groups”: (a) Gas Distribution Business Unit, (b) NIE Business Unit, (c)
NGT&S Business Unit, and (d) Corporate Support. Groups (a), (b), and (c) above may also
be referred to as a “Business Unit.” The Company, in its sole discretion, shall place
Participants in a Group based upon their position in the Company. If a Participant
changes positions during the calendar year, the Participant will be assigned to a Group
based on the position they hold on December 31, unless the Company, in its sole
discretion, determines otherwise.

 

 

	 	B.	 	CORPORATE AND BUSINESS UNIT PERFORMANCE CONDITIONS; CREATION OF INCENTIVE POOL

Whether a bonus payment will be made under this Plan depends upon the Company achieving
a financial trigger for an applicable calendar year (the “Performance Year”). This
trigger is the Company’s achievement of operating earnings per share, after accounting
for the cost of payments under the Plan (“OEPS”), of $1.25 for the Performance Year.
The Company shall have full discretion and authority to determine whether this trigger
has been achieved and whether any adjustments need to be made in the calculation of OEPS
to reflect unusual or non-recurring events. If the Company’s OEPS for the Performance
Year is less than $1.25, no amount shall be payable under the Plan.

If the OEPS trigger described in the previous paragraph is reached, the Company will
create an incentive pool for each Group from which bonuses under this Plan will be paid
(the “Incentive Pool”). The amount of the Incentive Pool will be calculated using a
percentage (as described below) of each Participant’s “Eligible Earnings,” which
consists of the Participant’s base earnings for the calendar year. Additionally,
Eligible Earnings for Participants who are non-exempt employees also includes all shift
premiums and overtime pay for the calendar year. Reimbursements for educational
assistance, relocation, meals and mileage, as well as incentive payments, stock option
gains, and long-term disability payments are not included in Eligible Earnings.

To determine the Incentive Pool for each Group, the Company will assign payout
percentages, ranging from a minimum “Trigger” percentage to a maximum “Stretch”
percentage, if certain performance criteria are met.

Corporate Support

For Participants in Corporate Support, the performance criterion will be OEPS. The
following table identifies the tiers of OEPS and the corresponding payout percentage of
Eligible Earnings that will be used to calculate the amount of the Incentive Pool for
the Corporate Support Group.

	 	 	 
	OEPS	 	Individual Payout Percentage
	 	 	 
	$1.35
	 	Stretch %
	$1.30
	 	Target %
	$1.25
	 	Trigger %

The Company shall have full discretion and authority to determine “Stretch,” “Target”
and “Trigger” for each Performance Year and the corresponding payout percentages.

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Business Unit

For Participants in a Business Unit, the performance criteria will be OEPS and the
Business Unit’s operating earnings (“BUOE”). The following tables identify the tiers of
OEPS and BUOE that will be used to calculate the amount of the Incentive Pool for each
Business Unit. Fifty percent of a Participant’s eligibility will be based upon OEPS and
fifty percent will be based upon BUOE.

	 	 	 
	OEPS	 	Individual Payout Percentage
	 	 	 
	$1.35
	 	Stretch %
	$1.30
	 	Target %
	$1.25
	 	Trigger %

Gas Distribution Business Unit

	 	 	 
	BUOE	 	Individual Payout Percentage
	 	 	 
	$276.4M
	 	Stretch %
	$270.5M
	 	Target %
	$264.5M
	 	Trigger %

NIE Business Unit

	 	 	 
	BUOE	 	Individual Payout Percentage
	 	 	 
	$317.2M
	 	Stretch %
	$310.4M
	 	Target %
	$303.6M
	 	Trigger %

NGT&S Business Unit

	 	 	 
	BUOE	 	Individual Payout Percentage
	 	 	 
	$386.4M
	 	Stretch %
	$378.1M
	 	Target %
	$369.8M
	 	Trigger %

The Company shall have full discretion and authority to assign values for “Stretch,”
“Target,” and “Trigger” for each Performance Year and the corresponding payout
percentages.

Creation of Incentive Pool

Once the Company has established the payout percentages for a Performance Year, the
Company will calculate the Incentive Pool for each Group for that Performance Year as
follows. First, the Company will calculate the portion of the Incentive Pool for each
Group attributable for each Participant (the “individual incentive opportunity”) in the
following manner.

The individual incentive opportunity for a Corporate Support Participant shall equal:

Participant’s Eligible Earnings X OEPS individual payout percentage

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The individual incentive opportunity for a Business Unit Participant shall equal:

(Participant’s Eligible Earnings X Individual Business Unit payout percentage X 50%)

PLUS

(Participant’s Eligible Earnings X OEPS individual payout percentage X 50%)

The individual incentive opportunity for each Participant in a Group will be added
together, and the sum will equal the Incentive Pool for that Group.

			
	5.	 	CALCULATION OF BONUS

Non-exempt employees

A Participant’s individual bonus under this Plan will be calculated in the following manner.
Participants who are non-exempt employees will receive 100% of their individual incentive amount,
as calculated under Section 4(B) in this Plan.

Example

	 	•	 	Non-exempt, business unit employee
	 
	 	•	 	Eligible earnings of $50,000
	 
	 	•	 	Trigger of 2%; target of 4%; stretch of 6%
	 
	 	•	 	BUOE achieves target amount
	 
	 	•	 	OEPS achieves trigger amount

BUOE Calculation = ($50,000 X 4% X 50%) = $1,000

PLUS

OEPS Calculation = ($50,000 X 2% X 50%) = $500

Total bonus payout = $1,500

Exempt Employees

The bonus of each Participant who is an exempt employee will be calculated according the following
formula.

The proposed amount of the individual incentive opportunity will be the amount calculated under
Section 4(B) of this Plan. Of the proposed individual amount, the individual incentive opportunity
will be divided into two categories:

	 	•	 	Discretionary: 67% of the Participant’s individual incentive calculation will be
discretionary; the Company may increase or decrease this amount based on the Company’s
assessment of the Participant’s performance
	 
	 	•	 	Non-discretionary: 33% of the Participant’s individual incentive calculation will be
fixed.

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The total amount of bonuses paid to all Participants in a Group may not exceed that Group’s
Incentive Pool.

Example

	 	•	 	Exempt, business unit employee
	 
	 	•	 	Eligible earnings = $50,000
	 
	 	•	 	Trigger of 4%, target of 8%, stretch of 12%
	 
	 	•	 	BUOE achieves trigger
	 
	 	•	 	OEPS achieves target
	 
	 	•	 	Solid performer

Step 1

BUOE Calculation = ($50,000 X 4% X 50%) = $1,000

PLUS

OEPS Calculation = ($50,000 X 8% X 50%) = $2,000

Total bonus potential opportunity = $3,000

Step 2

Discretionary amount = $3,000 X 67% = $2,010 (67% could increase or decrease based upon
performance)

Non-discretionary amount = $3,000 X 33% = $990

Total bonus paid = $3,000

			
	6.	 	DISTRIBUTION OF THE INCENTIVE PAYMENT

If payable, the Participant’s bonus will be distributed to the Participant, or the Participant’s
estate in the event of the Participant’s death before payment, in cash in a single sum as soon
after the end of the applicable Performance Year as practicable, but no later than March 15 after
the end of the Performance Year, in accordance with the Company’s payroll practices. A Participant
who terminates his or her employment with the Company after the end of the Performance Year, but
before the distribution of the incentive payment will be entitled to receive any payment due under
this Plan. However, any participant that is terminated “for cause” before the distribution of the
incentive payment will not be entitled to receive any payment due under this plan.

			
	7.	 	CONTINUITY OF THE PLAN.

Although it is the present intention of the Company to continue the Plan in effect for an
indefinite period of time, the Company reserves the right to terminate the Plan in its entirety as
of the end of any calendar year or to modify the Plan as it exists from time to time, provided that
no such action shall adversely affect any incentive payment amounts previously earned in a
preceding calendar year under the Plan.

			
	8.	 	NOTICES.

Any notice required or permitted to be given by the Company or the Committee pursuant to

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the Plan shall be deemed given when personally delivered or deposited in the United States mail,
registered or certified, postage prepaid, addressed to the Participant, his or her beneficiary,
executors, administrators, successors, assigns or transferees, at the last address shown for the
Participant on the records of the Company or subsequently provided in writing to the Company.

			
	9.	 	WITHHOLDING.

The Company may withhold from any incentive payment under the Plan amounts sufficient to satisfy
applicable withholding requirements under any federal, state or local law, and deductions as may be
required pursuant to agreement with, or without the consent of, a Participant, including
withholding with respect to any elective deferrals under the deferred compensation arrangement
sponsored by the Company.

			
	10.	 	MISCELLANEOUS PROVISIONS.

	 	A.	 	No incentive payment under the Plan shall be subject in any manner to anticipation,
alienation, sale, transfer, assignment, pledge, encumbrance or charge prior to actual
receipt thereof by the payee; and any attempt to so anticipate, alienate, sell, transfer,
assign, pledge, encumber or charge prior to such receipt shall be void; and the Company
shall not be liable in any manner for or subject to the debts, contracts, liabilities,
engagements or torts of any person entitled to any incentive payment under the Plan.
	 
	 	B.	 	Nothing contained herein will confer upon any Participant the right to be retained
in the service of an Employer or any affiliate thereof nor limit the right of an Employer
or any subsidiary thereof to discharge or otherwise deal with any Participant without
regard to the existence of the Plan.
	 
	 	C.	 	The Plan shall at all times be entirely unfunded and no provision shall at any time
be made with respect to segregating assets of an Employer or any affiliate thereof for
payment of any incentive payments hereunder. No Participant or any other person shall
have any interest in any particular assets of an Employer or any affiliate thereof by
reason of the right to receive an incentive payment under the Plan and any such
Participant or any other person shall have only the rights of a general unsecured
creditor of an Employer or any affiliate thereof with respect to any rights under the
Plan.

			
	11.	 	GOVERNING LAW.

The provisions of the Plan shall be construed and interpreted according to the laws of the State of
Indiana, except as preempted by federal law.

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