Document:

Exhibit 10.10

     

    EXHIBIT
      10.10

     

    

    Boardwalk
      Pipeline Partners, LP

    Long-Term
      Incentive Plan

    

    [FORM
      OF] Grant of Phantom Units

    with
      DERs

    

     

    Grantee:_______________________________      

     

    Grant
      Date:______________________________,200 

     

    

     

    
      	
              1.

            	
              Grant
                of Phantom Units with DERs.
                Boardwalk Pipeline Partners,
                LP
                (the “Partnership”) hereby grants to you ______ Phantom Units under the
                Boardwalk Pipeline Partners Long-Term Incentive Plan (the “Plan”) on the
                terms and conditions set forth herein. This grant of Phantom Units
                includes a tandem grant of DERs with respect to each Phantom Unit.
                The
                Partnership shall establish a DER bookkeeping account for you with
                respect
                to each Phantom Unit granted that shall be credited with an amount
                equal
                to any cash distributions made by the Partnership on a Common Unit
                during
                the period such Phantom Unit is outstanding. In the event of any
                conflict
                between the terms of this Agreement and the Plan, which is incorporated
                herein by reference as a part of this Agreement, the terms of the
                Plan
                shall control. A copy of the Plan is attached hereto. Capitalized
                terms
                used in this Agreement but not defined herein shall have the meanings
                ascribed to such terms in the Plan, unless the context requires otherwise.
                

            

    

     

    
      	
              2.

            	
              Vesting. Except
                as otherwise provided in Paragraph 3 below, the Phantom Units granted
                hereunder shall vest on the anniversary of the Grant Date as
                follows:

            

    

     

    

     

    
      	
              Anniversary
                of

               

              Grant
                Date

               

            	
              Cumulative

               

              Vested
                Percentage

               

            
	
              prior
                to 2nd anniversary

               

            	
              0%

               

            
	
              on
                2nd anniversary

               

            	
              50%

               

            
	
              on
                3rd anniversary

               

            	
              100%

               

            

    

    

     

    Upon
      vesting of a Phantom Unit, the amount credited to your tandem DER account with
      respect to such Phantom Unit shall also vest. If a Phantom Unit is forfeited,
      the amount credited to your tandem DER account with respect to such Phantom
      Unit
      shall be similarly forfeited.

     

    
      	
              3.

            	
              Events
                Occurring Prior to Full Vesting.
                

            

    

     

    
      	 	
              (a)

            	
              Death,
                Disability or Retirement.
                If your employment with the Partnership or an Affiliate terminates
                as a
                result of your death, a disability that entitles you to benefits
                under the
                Partnership’s or an Affiliate’s long-term disability plan or on or after
                you qualify for retirement, the Phantom Units then held by you
                automatically will become fully vested upon such termination. As
                used
                herein, “retirement” means your termination of employment on or after age
                65 other than for “cause,” as defined below, or your termination of
                employment other than for cause, with the consent of the Committee,
                on or
                after reaching age 60.

            

    

     

    
      	 	
              (b)

            	
              Involuntary
                Termination for Cause.
                If your employment with the Partnership is terminated by the Partnership
                other than for cause, the Phantom Units then held by you automatically
                will become fully vested upon such termination. As used herein, “cause”
                shall have the meaning set forth in the employment or engagement
                agreement
                between a Participant and the Partnership or any Affiliate thereof,
                if
                such an agreement exists and contains a definition of cause; otherwise
                cause shall mean (1) conviction of the Participant for committing
                a felony
                under federal law or the law of the state in which such action occurred,
                (2) dishonesty in the course of fulfilling a Participant’s employment,
                engagement or directorial duties, (3) willful and deliberate failure
                on
                the part of a Participant to perform the Participant’s employment,
                engagement or directorial duties in any material respect or (4) such
                other
                events as shall be determined in good faith by the Committee. The
                Committee shall, unless otherwise provided in an Award Agreement
                or
                employment agreement with the Participant, have the sole discretion
                to
                determine whether cause exists, and its determination shall be
                final.

            

    

     

    
      	 	
              (c)

            	
              Other
                Terminations.
                If your employment with the Partnership terminates for any reason
                other
                than as provided in Paragraphs 3(a) and (b) above, all unvested Phantom
                Units then held by you automatically shall be forfeited without payment
                upon such termination. 

            

    

     

    
      	 	
              (d)

            	
              Change
                of Control.
                All outstanding Phantom Units held by you automatically shall become
                fully
                vested upon a Change of Control.

            

    

     

    For
      purposes of this Paragraph 3, except to the extent provided otherwise by Section
      409A of the Code or regulations thereunder, “a termination of employment with
      the Partnership” shall not include a change of status between any of the
      following: an Employee or a Director of, or a Consultant to, the Partnership
      or
      an Affiliate of the Partnership.

     

    
      	
              4.

            	
              Payment.
                As soon as administratively practicable after the date of the vesting
                of a
                Phantom Unit, the Partnership or an Affiliate shall pay you an amount
                of
                cash equal to the sum of the Fair Market Value of the Unit on the
                vesting
                date and the vested amount then credited to your tandem DER account,
                less
                any taxes the Partnership or the Affiliate is required to withhold
                from
                such payment.

            

    

     

    
      	
              5.

            	
              Limitations
                Upon Transfer.
                All rights under this Agreement shall belong to you alone and may
                not be
                transferred, assigned, pledged, or hypothecated by you in any way
                (whether
                by operation of law or otherwise), other than by will or the laws
                of
                descent and distribution and shall not be subject to execution,
                attachment, or similar process. Upon any attempt by you to transfer,
                assign, pledge, hypothecate, or otherwise dispose of such rights
                contrary
                to the provisions in this Agreement or the Plan, or upon the levy
                of any
                attachment or similar process upon such rights, such rights shall
                immediately become null and void.

            

    

     

    
      	
              6.

            	
              Binding
                Effect.
                This Agreement shall be binding upon and inure to the benefit of
                any
                successor or successors of the Partnership and upon any person lawfully
                claiming under you.

            

    

     

    
      	
              7.

            	
              Entire
                Agreement.
                This Agreement constitutes the entire agreement of the parties with
                regard
                to the subject matter hereof, and contains all the covenants, promises,
                representations, warranties and agreements between the parties with
                respect to the Phantom Units granted hereby. Without limiting the
                scope of
                the preceding sentence, all prior understandings and agreements,
                if any,
                among the parties hereto relating to the subject matter hereof are
                hereby
                null and void and of no further force and effect.
                

            

    

     

    
      	
              8.

            	
              Modifications.
                Except as provided below, any modification of this Agreement shall
                be
                effective only if it is in writing and signed by both you and an
                authorized officer of the General
                Partner.

            

    

     

    
      	
              9.

            	
              Governing
                Law.
                This
                grant shall be governed by, and construed in accordance with, the
                laws of
                the State of Delaware, without regard to conflicts of laws principles
                thereof.

            

    

     

    BOARDWALK
      PIPELINE PARTNERS, L.P.

    by
      its general partner, Boardwalk GP, LP

    by
      its general partner, Boardwalk GP, LLC

    

    By:_____________________________________

    Name:___________________________________

    Title:___________________________________Exhibit 10.1

    Nicor
      Inc.

    Form
      8-K

    Exhibit
      10.1

    

    DEFERRED
      RESTRICTED STOCK AGREEMENT

    NICOR
      INC. 1997 LONG-TERM INCENTIVE PLAN

     

    THIS
      AGREEMENT, entered into as of the 16th
      day of
      March, 2006 (the “Agreement Date”), by and between Russ M. Strobel (the
“Employee”), and Nicor Inc., an Illinois corporation (the
“Company”).

     

    WITNESSETH
      THAT:

     

    WHEREAS,
      the Company maintains the Nicor Inc. 1997 Long-Term Incentive Plan (the “Plan”),
      which is incorporated into and forms a part of this Agreement for the benefit
      of
      key executive and management employees of the Company and any related companies;
      and

     

    WHEREAS,
      the Employee has been selected by the Compensation Committee of the Board of
      Directors of the Company (the “Committee”) to receive an award of Restricted
      Stock under the Plan, the delivery of which is deferred pursuant to Section
      4.5
      of the Plan and as provided herein;

     

    NOW,
      THEREFORE, IT IS AGREED, by and between the Company and the Employee as
      follows:

     

    1. Award.
      Subject to the terms of this agreement and the Plan, the Employee is hereby
      awarded the right to receive 11,550 shares of Stock (the “Deferred Restricted
      Stock”) subject to vesting as provided in Paragraph 4, the delivery of which
      shares of Stock is deferred pursuant to Section 4.5 of the Plan until the
      earlier of:

     

    (a) the
      six-month anniversary following Employee’s Date of Termination for any reason
      other than cause (as determined by the Committee) or death;

     

    (b) the
      Employee’s death; or 

     

    (c) upon
      a
      Change in Control.

     

    2. Limit
      on Alienation. Deferred Restricted Stock may not be sold, assigned,
      transferred (except as permitted under Paragraph 7), pledged or otherwise
      encumbered.

     

    3. Dividend
      Equivalents. The Employee shall be entitled to receive a cash payment equal
      to the amount of dividends which otherwise would have been paid on the shares
      of
      Deferred Restricted Stock as if such shares were issued and outstanding (the
      “Dividend Equivalents”) at the same time and manner as dividends are paid on
      shares of Stock. Employee’s rights to Dividend Equivalents shall cease on the
      earlier of (a) the date on which the Employee has forfeited the Deferred
      Restricted Stock, or (b) the date the actual shares of Deferred Restricted
      Stock
      are delivered as provided in Paragraph 1.

     

    4. Vesting.
      The Employee shall vest in full in the Deferred Restricted Stock on the earlier
      of (a) the fourth anniversary of the Agreement Date; (b) the date on which
      a
      Change in Control occurs; (c) the date of the Employee’s death; or (d) the date
      on which the Employee becomes disabled. If the Employee’s employment with the
      Company and all Related Companies terminates prior to vesting in the Deferred
      Restricted Stock, he shall forfeit the Deferred Restricted Stock and his right
      to receive the actual shares of Stock subject thereto. 

     

    5. Change
      in Control. Notwithstanding anything in this Agreement or the Plan to the
      contrary, for purposes of this Agreement the term “Change in Control” has the
      meaning established in the Plan but with each reference to “20%” in such
      definition replaced with a reference to “35%”.

     

    6. Heirs
      and Successors. This Agreement shall be binding upon, and inure to the
      benefit of, the Company and its successors and assigns, and upon any person
      acquiring, whether by merger, consolidation, purchase of assets or otherwise,
      all or substantially all of the Company’s assets and business. Subject to the
      terms of the Plan, any benefits payable to the Employee under this Agreement
      that are not paid at the time of the Employee’s death shall be paid to the
      beneficiary designated by the Employee in writing filed with the Committee
      in
      such form and at such time as the Committee shall require. If a deceased
      Employee fails to designate a beneficiary, or if the designated beneficiary
      of
      the deceased Employee dies before the Employee or before complete payment of
      the
      amounts distributable under this Agreement, the Committee shall, in its
      discretion, direct that amounts to be paid under this Agreement be paid
      to:

     

    (a) one
      or
      more of the Employee’s relatives by blood, adoption or marriage and in such
      proportion as the Committee decides; or

     

    (b) the
      legal
      representative or representatives of the estate of the last to die of the
      Employee and his beneficiary.

     

    7. Transferability.
      Deferred Restricted Stock awarded under this Agreement is not transferable
      except as designated by the Employee by will or by the laws of descent and
      distribution. Notwithstanding the foregoing, the Committee may permit the
      Deferred Restricted Stock awarded under this Agreement to be transferred by
      Employee for no consideration to or for the benefit of the Employee’s immediate
      family (including a trust for the benefit of the Employee’s immediate family or
      to a partnership for members of the Employee’s immediate family), subject to
      such limits as the Committee may establish, and the transferee shall remain
      subject to all terms and conditions applicable to such award prior to such
      transfer. Immediate family is defined as the participant’s spouse, children,
      stepchildren and adoptive relationships. 

     

    8. Employment
      and Shareholder Status. This Agreement does not constitute a contract of
      employment, and does not confer on the Employee the right to be retained in
      the
      employ of the Company or any Related Company. Except
      as
      otherwise provided in this Agreement, Employee shall not be deemed to be a
      holder of any shares of Stock pursuant to the Deferred Restricted Stock until
      the date of the issuance of a certificate to him of the actual shares of Stock
      subject to such Deferred Restricted Stock. Except for Dividend Equivalents,
      Employee shall not have any rights to dividends or any other rights of a
      shareholder with respect to the shares of Stock covered by the Deferred
      Restricted Stock until such shares of Stock have been issued to
      him.

     

    9. Withholding.
      The Company may require that the Employee pay to the Company, or the Company
      may
      otherwise withhold, at the time of delivery of the shares of Stock pursuant
      to
      the Deferred Restricted Stock, any such amount as is required by law or
      regulation to be withheld for federal, state or local income tax or any other
      taxes incurred by reason of such payment.

     

    10. Unfunded
      Promise. Employee’s right to receive payment of any amounts under this
      Agreement shall be an unfunded entitlement and shall be an unsecured claim
      against the general assets of the Company.

     

    11. Adjustment
      to Number of Shares Subject to Agreement. In the event of any change in the
      outstanding shares of Stock by reason of any stock dividend, split, spin-off,
      recapitalization, merger, consolidation, combination, exchange of shares or
      other similar change, the terms of this Agreement and the number of shares
      of
      Deferred Restricted Stock and this Agreement may be equitably adjusted by the
      Committee in its sole discretion to preserve the intent of this
      Agreement.

     

    12. Definitions.
      Except where the context clearly implies or indicates the contrary, a word,
      term, or phrase used in the Plan is similarly used in this
      Agreement.

     

    13. Administration.
      The authority to manage and control the operation and administration of this
      Agreement shall be vested in the Committee, and the Committee shall have all
      powers with respect to this Agreement as it has with respect to the Plan. Any
      interpretation of the Agreement by the Committee and any decision made by it
      with respect to the Agreement is final and binding on all persons.

     

    14. Plan
      Governs. Notwithstanding anything in this Agreement to the contrary, the
      terms of this Agreement shall be subject to the terms of the Plan, a copy of
      which may be obtained by the Employee from the office of the Secretary of the
      Company.

     

    15. Amendment.
      This Agreement may be amended by written Agreement of the Employee and the
      Company, without the consent of any other person.

     

    IN
      WITNESS WHEREOF, the Employee has hereunto set his hand, and the Company has
      caused these presents to be executed in its name and on its behalf, and its
      corporate seal to be affixed hereto, all as of the Agreement Date.

     

    /s/
      RUSS M. STROBEL

    Russ
      M.
      Strobel

     

    

     

    Nicor
      Inc.

     

    By: /s/
      CLAUDIA J. COLALILLO

    Claudia
      J. Colalillo

    Senior
      Vice President Human Resources and 

    Corporate
      Communications

     

     

    ATTEST:

     

    /s/
      NEIL MALONEY

    Neil
      Maloney

    Assistant
      Secretary

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