AMENDMENT TO RESTRICTED STOCK UNIT AGREEMENT NICOR INC. 2006 LONG-TERM INCENTIVE PLAN
AMENDMENT
TO
NICOR
INC. 2006 LONG-TERM INCENTIVE PLAN
THIS
AMENDMENT is entered into effective as of the ___ day of ______, 2010 by and
between _____________ (the “Employee”), and Nicor Inc., an Illinois corporation
(the “Company”).
WITNESSETH
THAT:
WHEREAS,
the Company and the Employee entered into a Restricted Stock Unit Agreement
dated as of _____________, as the same may previously have been amended from
time to time, (the “Restricted Stock Unit Agreement”) evidencing an award of
Restricted Stock Units by the Company to the Employee pursuant to Section 4.4 of
the Nicor Inc. 2006 Long-Term Incentive Plan (the “Plan”); and
WHEREAS,
the Company and the Employee are entering into this Amendment in order to amend
the provision of the Restricted Stock Unit Agreement concerning withholding
obligations.
NOW,
THEREFORE, IT IS AGREED, by and between the Company and the Employee as
follows:
I. Paragraph
8 of the Restricted Stock Unit Agreement is hereby deleted in its entirety and
the following new Paragraph 8 is substituted in lieu thereof:
“8. 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 Restricted Stock Units, 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. At the election of the Employee, unless
otherwise prohibited by the Committee, such withholding obligations may be
satisfied pursuant to any of the methods authorized by Section 6.7 of the
Plan. ”
II. Except
where the context clearly implies or indicates the contrary, a word, term, or
phrase used in the Plan is similarly used in this Amendment.
III. Except
as otherwise expressly amended by this Amendment, the Restricted Stock Unit
Agreement shall remain in full force and effect in accordance with its
terms.
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, all
effective as of the date first above written.
EMPLOYEE NAME | |||||
NICOR INC. | |||||
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By: | ||||
Its: | |||||
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