Exhibit 10.16 | |||
Summary of New Jersey Resources Corporation Non-Employee Director Compensation | |||
Annual Retainer Fee: (effective November 14, 2007) | $30,000 cash (paid quarterly) | ||
800 shares of NJR Common Stock (paid annually) | |||
Lead Non-Management Director Fee: | $10,000 | ||
Annual Retainer for Committee Chairs: | |||
Audit Committee Chair: | $10,000 | ||
Executive Committee Chair: | $10,000 | ||
Financial Policy Committee Chair: | $5,000 | ||
Leadership Development and Compensation Committee Chair: | $5,000 | ||
Nominating/Corporate Governance Committee Chair: | $5,000 | ||
Committee Meeting Fees: | $1,500 per meeting attended |
New Jersey Resources (NJR) 8-KEntry into a Material Definitive Agreement
Filed: 15 Nov 07, 12:00am