Nicor Inc.
Form 10-K
Exhibit 10.55
SECOND AMENDMENT
TO
NICOR INC.
DIRECTORS’ DEFERRED COMPENSATION PLAN
WHEREAS, NICOR Inc. (the “Company”) previously
established the NICOR Inc. Directors’ Deferred Compensation
Plan, as amended and restated effective as of January 1, 2008
(the “Plan”); and
WHEREAS, the Company desires to amend the Plan to provide for a one
time election to receive in-service distributions.
NOW THEREFORE, the Plan is hereby amended by adding the following
Section 11 thereto:
“SECTION 11.
One Time Withdrawal Election
. Notwithstanding anything contained in this Plan to the contrary,
a Director may prior to December 31, 2008 file pursuant to the
election permitted under Section 2 for 2008, a one-time election to
have all or any portion of the balance of his deferred compensation
account as of December 31, 2008 (plus interest and
dividend equivalents thereon) distributed and paid out to him in a
lump sum on May 1, 2009 (the “Payment Date”). Such
election shall include whether such distribution will be from
amounts credited with the interest equivalent option or the share
unit option. If such an election is made and the Director’s
