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FORM OF
AMENDMENT TO CHANGE IN CONTROL
AND TERMINATION AGREEMENT
WHEREAS, NiSource Inc. (formerly NIPSCO Industries, Inc.) ("Employer") and
_____________ ("Executive") entered into a Change in Control and Termination
Agreement dated as of February 5, 1990, and as amended and restated as of
September 1, 1997 ("Agreement"); and
WHEREAS, Employer and Executive wish to clarify the intent of the Agreement
that a Change in Control for purposes of the Agreement means a transaction
pursuant to which the management of Employer immediately prior to consummation
of such transaction ceases to manage Employer immediately following the
consummation of such transaction; and
WHEREAS, the consummation of the transactions described in the Agreement
and Plan of Merger between Columbia Energy Group and Employer, dated as of
February 27, 2000, as amended and restated as of March 31, 2000, might, under
the holding company merger structure described therein, literally constitute a
Change in Control of Employer as presently defined in Subsection 2(e) of the
Agreement, and, under the alternative merger structure described therein, would
not constitute a Change in Control as so defined; and
WHEREAS, Employer and Executive agree that the consummation of the
transactions described in such Agreement and Plan of Merger would not result in
a change in the current management of Employer;
NOW THEREFORE it is agreed, for good and valuable consideration, the
receipt of which is hereby acknowledged, that, effective April 1, 2000, the
following sentence be added at the end of the definition of "Change in Control"
in Subsection 2(e) of the Agreement:
Notwithstanding the preceding provisions of this Subsection (e), neither
the execution of the Agreement and Plan of Merger between Columbia Energy
Group and Employer dated as of February 27, 2000, as amended and restated
as of March 31, 2000, nor the consummation of any of the transactions
described therein, shall constitute a Change in Control for purposes of the
Agreement.
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IN WITNESS WHEREOF, Executive has hereunto set his hand, and Employer has
caused this Amendment I to be executed in its name and on its behalf, as of this
_____ day of ______________, 2000.
NISOURCE INC.
By:
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Executive
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Schedule of Parties to the Amendment to Change of Control and Termination
Agreement
The following NiSource executives have entered into the Amendment to Change
in Control and Termination Agreement: Xxxx X. Xxxxx, Xxxxxxx X. Adik, Xxxxxxx X.
Xxxxxxx, Xxxxxxx X. Xxxxx, Xxxxxx X. Xxxxxx, Xxxxx X. Xxxxxxxx, Xxxxx X. Xxxxxx,
Xxxxx X. Xxxxx, Xxxx X. Xxxxxxx, Xxxxxx X. Xxxxxx, Xxxxx Xxxxxxx, Xxxx X.
Xxxxxxx and Xxxxxx X. Xxxxxxx. The amendments are substantially identical in all
material respects except as to the parties and the execution dates.
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