Amendment to Executive Severance Policy by NiSource Inc. Nominating and Compensation Committee (August 25, 2003)

Summary

NiSource Inc.'s Nominating and Compensation Committee has resolved to extend the term of all severance plans and policies for its employees and those of its affiliates until December 31, 2003. The resolution also ratifies any previous actions related to this extension and authorizes company officers to take necessary steps to implement these changes.

EX-10.21 10 c83669exv10w21.txt AMENDMENT TO EXECUTIVE SEVERANCE POLICY EXHIBIT 10.21 Resolutions of the Nominating and Compensation Committee of the Board of Directors of NiSource Inc. Adopted August 25, 2003 WHEREAS, The Corporation and certain of its affiliates sponsor various severance plans and policies for employees of the Corporation and its affiliates; and WHEREAS, The Corporation desires to extend the term of each such plan and policy. NOW, THEREFORE, BE IT RESOLVED, That the Committee hereby extends the term of each severance plan and policy maintained for employees of the Corporation and its affiliates to December 31, 2003. FURTHER RESOLVED, That the Committee ratifies any action heretofore taken in connection with the foregoing resolution. FURTHER RESOLVED, That the appropriate officers of the Corporation are authorized to take such other action and execute such other documents as shall be appropriate to implement the foregoing resolution.