0001004155-05-000025 Sample Contracts

AGL RESOURCES INC. LONG-TERM INCENTIVE PLAN (1999) NONQUALIFIED STOCK OPTION AGREEMENT
Nonqualified Stock Option Agreement • March 18th, 2005 • Agl Resources Inc • Natural gas distribution

Notwithstanding the above, all shares under this option shall become exercisable upon the death, disability or retirement (as defined in the Plan) of the Participant or upon a change of control of AGL Resources Inc. (as defined in the Plan). Also, in the event of the Participant’s termination of employment for any reason other than death, disability or retirement (as defined in the Plan), any portion of the option which has not become exercisable shall immediately terminate.

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AGL RESOURCES INC. OFFICER INCENTIVE PLAN NONQUALIFIED STOCK OPTION AGREEMENT
Nonqualified Stock Option Agreement • March 18th, 2005 • Agl Resources Inc • Natural gas distribution

Notwithstanding the above, all shares under this option shall become exercisable upon the death, disability or retirement (as defined in the Plan) of the Participant or upon a change of control of AGL Resources Inc. (as defined in the Plan). Also, in the event of the Participant’s termination of employment for any reason other than death, disability or retirement (as defined in the Plan), any portion of the option which has not become exercisable shall immediately terminate.

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