Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On
In general, the Plan is an unfunded, nonqualified deferred compensation plan open to the directors of the Company and the officers of the Company and its subsidiaries. Under the Plan, and subject to administration by the Compensation Committee of the Board, each eligible officer may defer receipt of his or her base salary and discretionary cash bonuses, and each eligible director may defer receipt of his or her annual cash retainer and quarterly Company common stock awards. Eligible officers may also defer receipt of their performance-based cash bonuses and Company common stock received in settlement of restricted stock units, performance shares or performance units awards under terms and conditions as described in the Plan. Compensation deferred under the Plan is recorded as deferred compensation in cash or stock accounts, as applicable, and certain transfers among accounts will be permitted as described in the Plan. Cash accounts will accrue interest and will be settled in cash, and stock accounts will accrue dividend equivalents and generally will be settled in Company common stock. Payouts will generally be made in accordance with the participants' deferral elections. The deferred compensation obligations are unsecured general obligations of the Company and the participants have no right, interest or claim in the assets of the Company, except as unsecured general creditors.
The preceding description of the Plan is qualified in its entirety by reference to the complete Plan document, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Exhibit 10.1 National Fuel Gas Company Deferred Compensation Plan for Directors and Officers (Amended and Restated EffectiveSeptember 1, 2021 ) Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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