Amendment to National Fuel Gas Company Deferred Compensation Plan (Effective January 1, 2021)

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Summary

National Fuel Gas Company has amended its Deferred Compensation Plan to give the Chief Executive Officer sole authority to appoint and monitor the members of the Committee that administers the Plan. All other terms of the Plan remain unchanged. This amendment is effective as of January 1, 2021, and supersedes any conflicting provisions in the original Plan.

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EX-10.3 4 nfg-12312020xexhibit103.htm EX-10.3 Document
        
Exhibit 10.3


AMENDMENT TO
NATIONAL FUEL GAS COMPANY
DEFERRED COMPENSATION PLAN

    Under Section 10.3 of the National Fuel Gas Company Deferred Compensation Plan (the “Plan”), National Fuel Gas Company reserved the right to amend, restate or otherwise change the Plan. This Amendment of the Plan is adopted to designate the Chief Executive Officer of National Fuel Gas Company as the individual solely responsible for selecting and monitoring the members of the Committee. The changes in this Amendment are effective January 1, 2021.

    This Amendment supersedes the provisions of the Plan to the extent those provisions are inconsistent with the provisions of this Amendment.

    The Plan is amended in the following respects:

1.    The first sentence of section 11.1 (“Committee Duties”) of Article 11 (“Administration”) is deleted and replaced with the following: This Plan shall be administered by a Committee, the members of which shall be appointed by the Chief Executive Officer of the Company.
    
2.    In all other respects, the Plan remains unchanged.

                        NATIONAL FUEL GAS COMPANY

                        By:    /s/ D. P. Bauer            
                        Name: D. P. Bauer
                        Title:     President
                        Date:    December 14, 2020