SECOND AMENDMENT TO THE
AGL RESOURCES INC.
NONQUALIFIED SAVINGS PLAN
(Formerly known as the ATLANTA GAS LIGHT COMPANY NONQUALIFIED SAVINGS PLAN)
This SECOND AMENDMENT to the AGL RESOURCES INC. NONQUALIFIED SAVINGS
PLAN (the "Plan") is made by AGL Resources Inc. (the "Controlling Company") on
this 14th day of February, 1997.
W I T N E S S E T H:
WHEREAS, the Controlling Company has assumed the sponsorship of the
Plan and has determined that it would be in the best interest of the Controlling
Company, its employees and the employees of its subsidiaries to amend the Plan
to change the name of the Plan and to make certain other changes;
WHEREAS, the Board of Directors of the Controlling Company has
authorized the officers to take this action, and Section 10.1 of the Plan
permits the Company to amend the Plan at any time;
NOW, THEREFORE, the Controlling Company hereby amends the Plan as
follows:
1.
Effective as of July 1, 1996, the name of the Plan is hereby changed to
"AGL Resources Inc. Nonqualified Savings Plan" and all references to "Plan" in
the Plan shall mean the AGL Resources Inc.
Nonqualified Savings Plan.
2.
Effective as of July 1, 1996, Section 1.17 of the Plan is hereby
amended by deleting that section in its entirety and by substituting in lieu
thereof the following:
"1.17 "Controlling Company" shall mean AGL Resources Inc. ,
a Georgia corporation with its principal office in Atlanta,
Georgia, and its successors which adopt the Plan."
3.
Effective as of March 1, 1997, Section 1.24 of the Plan is hereby
amended by deleting that section in its entirety and by substituting in lieu
thereof the following:
"1.24 "Entry Date" shall mean each January 1, April 1, July 1
and October 1 for all periods beginning on or after July 1,
1995 through February 28, 1997; thereafter, "Entry Date" shall
mean each business day during which the Plan remains in
effect."
4.
Effective as of March 1, 1997, Section 2.1 of the Plan is hereby
amended by deleting that section in its entirety and by substituting in lieu
thereof the following:
"2.1 Initial Eligibility Requirements.
(a) General Rule. Effective as of March 1, 1997,
except as provided in subsection (b) hereof, every Covered
Employee shall become an Active Participant in the Plan on the
Entry Date coincident with or immediately following (i) his
attainment of age 21, and (ii) the completion of thirty (30)
days of employment as a Covered Employee, provided he is a
Covered Employee on such date.
(b) New Participating Companies. For employees of
companies that become Participating Companies after March 1,
1997 , each Covered Employee employed by a Participating
Company on the date such Participating Company first becomes a
Participating Company shall become an Active Participant as of
such Participating Company's effective date of participation
under the Plan, if as of such effective date, the Covered
Employee has attained age 21 and completed thirty (30) days of
employment with such Participating Company."
5.
Effective as of July 1, 1996, Schedule A to the Plan is hereby amended
and shall be reflected as attached hereto. Further, the Administrative Committee
shall hereafter have authority to amend Schedule A hereto from time to time
without further approval of the Board of Directors to properly reflect the
Participating Companies in the Plan.
6.
Except as specifically amended hereby, the Plan shall remain in full
force and effect.
IN WITNESS WHEREOF, the Controlling Company has caused its duly
authorized officer to execute this amendment and to affix its corporate seal
hereto, all as of the date first above written.
AGL RESOURCES INC.
By: /s/ Robert L. Goocher
Robert L. Goocher
Executive Vice President
SCHEDULE A
EFFECTIVE DATES FOR PARTICIPATING COMPANIES
Name of Effective Date
Participating Company of Participation
Atlanta Gas Light Company July 1, 1995
Georgia Gas Company July 1, 1995
Chattanooga Gas Company July 1, 1995
Georgia Gas Service Company July 1, 1995
(other than:
Alabama Gas Service Company
GBJ Investment Co., Inc.
Gasco Lending, Inc.
Jordan Gas Company, Inc.
Good Neighbor Gas Company, Inc.
Southern Butane Co., Inc.
Waters L.P. Gas, Inc.
Jordan Gas Service, Inc.
J&H Propane, Inc.)
AGL Resources Inc. July 1, 1996
AGL Investments, Inc. July 1, 1996
(other than:
AGL Consumer Services, Inc.
AGL Gas Marketing, Inc.
AGL Power Services, Inc.
Georgia Energy Company
Trustees Investments, Inc.)
The Energy Spring, Inc. July 1, 1996
AGL Energy Services, Inc. July 1, 1996
(other than:
Peachtree Pipeline Co.)
AGL Resources Service Company, Inc. July 1, 1996