CONTRACT FOR CONSULTING SERVICESConsulting Services Agreement • August 4th, 2006 • National Fuel Gas Co • Natural gas distribution • Texas
This Contract sets forth the terms under which James A. Beck (“Beck”), whose address is 4112 Ruskin Street, Houston, Texas 77005, shall provide offshore geological and geophysical consulting services and other reasonable services that may be requested by Seneca Resources Corporation (“Seneca”), a Pennsylvania corporation with an office at 1201 Louisiana St., Suite 400, Houston, Texas 77002-5604, which is a wholly-owned subsidiary of National Fuel Gas Company (“NFG”), a New Jersey corporation with an office at 6363 Main Street, Williamsville, NY 14221. Except as otherwise specifically stated, “National Fuel” means NFG and all its direct and indirect subsidiaries.
Description of assignment of interests in certain life insurance policiesSplit Dollar Insurance and Death Benefit Agreement • August 4th, 2006 • National Fuel Gas Co • Natural gas distribution
National Fuel Gas Company (the “Company”) and its Chairman and Chief Executive Officer, Philip C. Ackerman, are parties to an Amended and Restated Split Dollar Insurance and Death Benefit Agreement, dated September 17, 1997, as amended by Amendment Number 1 thereto, dated March 23, 1999 (as amended, the “Agreement”). The Agreement recognizes that Mr. Ackerman, by an irrevocable trust agreement, assigned to a trust all of his interest in two life insurance policies insuring his life. On April 27, 2006, the trustee assigned all of the trust’s rights in one policy to the Company, in partial prepayment of the amount due to the Company on termination of the Agreement. The policy has an approximate current cash surrender value of $388,262. The Company acknowledged receipt of the policy as partial prepayment of the amount it is entitled to receive from the trust under the Agreement and agreed to credit approximately $388,262, without interest, against such amount when it becomes due.
RETIREMENT AGREEMENTRetirement Agreement • August 4th, 2006 • National Fuel Gas Co • Natural gas distribution • New York
THIS RETIREMENT AGREEMENT (the “Agreement”) is made by and among Seneca Resources Corporation, a Pennsylvania corporation having offices at 1201 Louisiana St. Suite 400, Houston, Texas 77002-5604, (“Seneca”), National Fuel Gas Company, a New Jersey corporation having offices at 6363 Main Street, Williamsville, New York 14221 (“National Fuel”) and Mr. James A. Beck, 4112 Ruskin Street, Houston, Texas 77005 (“Mr. Beck”) as of July 1, 2006.
