Exhibit 10.14 (a)
EQUITABLE RESOURCES, INC.
Board of Directors
Deferred Compensation Agreement
THIS AGREEMENT, made and executed this 24th day of May, 1996, by and between Equitable Resources,
Inc., herein designated as "Equitable", and Phyllis
A. Savill, herein designated as the "Participant."
WHEREAS, the Participant is currently a member of the Board of Directors of Equitable as a Director or an
Advisory Director; and
WHEREAS, Equitable and the Participant desire to defer all of the fees arising from the above-stated
NOW, THEREFORE, the parties hereby agree as follows:
Section 1 - Account
1.1) Effective May 24, 1996, the Participant herein elects to defer, under the terms of this Agreement, all
compensation earned for his/her service as a Director or an Advisory Director of Equitable for the calendar year
1.2) Equitable shall establish a bookkeeping account, hereinafter referred to as the "Account", and shall credit to
the Account the amounts of the deferred fees.
1.3) Interest shall be credited to the Account monthly. The rate of interest shall be the same as the yield for 30-
day Treasury Bills applicable to the first day of such month.
Section 2 - Payment
2.1) All amounts credited to the Account on the Participant's behalf shall be payable in one lump sum by
Equitable to the Participant on _________________ (date selected by the Participant) but in no event later than
sixty (60) days after the Participant ceases to be a Director or an Advisory Director of Equitable. Unless a date
specific is selected by the Participant, the distribution will be made within sixty (60) days after the Participant
ceases to be a Director or an Advisory Director of Equitable; provided, however, that nothing contained in this
Section 2.1 shall negate the provisions of Section 2.3 below.
2.2) In the event of the death of the Participant, such payment shall be made to the Participant's beneficiary. For
purposes of the Agreement, "beneficiary" means any pers