SEC Contract Filing

Filing Date: 2017-02-24

Document Content:
<DOCUMENT>
<TYPE>EX-10.63.2
<SEQUENCE>2
<FILENAME>duk-20161231x10kxexx10632.htm
<DESCRIPTION>INSTRUMENT OF SECOND AMENDMENT FOR PNY DEFINED CONTRIBUTION RESTORATION PLAN
<TEXT>
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<div><a name="s78c6b19e60d548d29396930e13721242"></a></div><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXHIBIT 10.63.2</font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#181818;font-weight:bold;">INSTRUMENT OF AMENDMENT FOR</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#181818;font-weight:bold;">PIEDMONT NATURAL GAS COMPANY, INC.</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#181818;font-weight:bold;">DEFINED CONTRIBUTION RESTORATION PLAN</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:96px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#181818;">THIS INSTRUMENT OF AMENDMENT (this "</font><font style="font-family:Arial;font-size:11pt;color:#181818;text-decoration:underline;">Instrument</font><font style="font-family:Arial;font-size:11pt;color:#181818;">") is made and entered into</font></div><div style="line-height:120%;text-align:left;padding-left:24px;font-size:13pt;"><font style="font-family:Arial;font-size:11pt;color:#181818;">as of the </font><font style="font-family:Arial;font-size:12pt;color:#181818;">15</font><font style="font-family:Arial;font-size:12pt;color:#181818;"><sup style="vertical-align:top;line-height:120%;font-size:8pt">th </sup></font><font style="font-family:Arial;font-size:11pt;color:#181818;">day of September</font><font style="font-family:Arial;font-size:13pt;color:#181818;">, </font><font style="font-family:Arial;font-size:11pt;color:#181818;">2016, by PIEDMONT NATURAL GAS</font></div><div style="line-height:120%;text-align:left;padding-left:24px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#181818;">COMPANY, INC., a North Carolina corporation (the "</font><font style="font-family:Arial;font-size:11pt;color:#181818;text-decoration:underline;">Company</font><font style="font-family:Arial;font-size:11pt;color:#181818;">").</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:10px;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#181818;text-decoration:underline;">Statement of Purpose</font></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:96px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#181818;">The Company maintains the Piedmont Natural Gas Company, Inc. Defined Contribution</font></div><div style="line-height:120%;text-align:left;padding-left:24px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#181818;">Restoration Plan (the "Plan"). In connection with the closing of the merger of Forest Subsidiary,</font></div><div style="line-height:120%;text-align:left;padding-left:24px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#181818;">Inc., a wholly-owned subsidiary of Duke Energy Corporation, with and into the Company in</font></div><div style="line-height:120%;text-align:left;padding-left:24px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#181818;">accordance with the Agreement and Plan of Merger dated as of October 24, 2015 (the "Merger"),</font></div><div style="line-height:120%;text-align:left;padding-left:24px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#181818;">the Company desires to amend the Plan to change certain provisions related to the Piedmont</font></div><div style="line-height:120%;text-align:left;padding-left:24px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#181818;">Natural Gas Benefits Plan Committee. In Section 6.1 of the Plan the Company has reserved the</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;padding-left:24px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#181818;">right to amend the Plan in whole or in part at any time.</font></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:96px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#181818;">NOW, THEREFORE, the Company does hereby declare that the Plan is amended to read</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;padding-left:24px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#181818;">as follows:</font></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:96px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#181818;">1. Effective as of the closing of the Merger, Section 2.l(b)(8) is amended in</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;padding-left:24px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#181818;">its entirety to read as follows:</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;padding-left:72px;text-indent:24px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#181818;">"Committee means the Compensation Committee of the Board of