Common use of Special Restricted Stack Grant Clause in Contracts

Special Restricted Stack Grant. On January 2, 2004, and in recognition for your past services to the Company, you will receive $450,000 in value of NiSource restricted common stock, with the number of restricted shares to be issued to equal $450,000 divided by the closing stock price of a share of NiSource common stock on January 2, 2004 (the "Special Restricted Stock Grant"). The terms of the Special Restricted Stock Grant agreement are attached as Exhibit 2.

Special Restricted Stack Grant. On January 2, 2004, and in recognition for your past services to the Company, you will receive $450,000 in value of NiSource restricted common stock, with the number of restricted shares to be issued to equal $450,000 divided by the closing stock price of a share of NiSource common stock on January 2, 2004 (the "“Special Restricted Stock Grant"”). The terms of the Special Restricted Stock Grant agreement are attached as Exhibit 2.