SUPPLEMENTAL PENSION AGREEMENT
With Kenneth J. Neises
This Agreement is entered into by and between Laclede Gas Company (the “Company”) and Kenneth
J. Neises (“Neises”).
WHEREAS, Neises is a key employee of the Company and was to retire on his mandatory retirement
date of November 1, 2005; and
WHEREAS, in recognition of the value of Neises’ services to the Company the Board adopted
resolutions on November 18, 2004 and October 26, 2007 allowing him to work beyond his mandatory
retirement date under the Retirement Plan up to December 1, 2009;
NOW, THEREFORE, in consideration of the mutual promises contained in this Agreement, the parties
agree as follows:
Article I – Definitions
1.1 “ Code ” means the Internal Revenue Code of 1986, as amended.
1.2 “ Disability ” means if Neises (i) is unable to engage in any substantial gainful activity by reason of any
medically determinable physical or mental impairment which can be expected to result in death or can be
expected to last for a continuous period of not less than 12 months, or (ii) is, by reason of any medically
determinable physical or mental impairment which can be expected to result in death or can be expected to
last for a continuous period of not less than 12 months, receiving income replacement benefits for a period
of not less than 3 months under an accident and health plan covering employees of the Company.
1.3 “Moody’s Corporate Bond Average Rate” means the “Published Monthly Average Composite Yield on
Seasoned Corporate Bonds” published by Moody’s Investor’s Service, Inc. available at
http://www.naic.org/research_moody.htm or a successor site.
1.4 “ Plans ” means the Retirement Plan and the SERP.
1.5 “Retirement Plan” means the Employees’ Retirement Plan of Laclede Gas Company as amended from
time to time and any other qualified defined benefit pension plan of the Company.
1.6 “SERP” means the Laclede Gas Company Supplementa