New Jersey Resources (NJR) 10-Q2009 Q1 Quarterly report

Filed: 6 Feb 09, 12:00am

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Removed: absorb, alleged, apportionment, Assessing, August, authoritative, classification, closing, column, commenced, commencement, commencing, computed, Connecticut, consolidation, correlated, coupled, Damage, decided, declared, declassification, decoupling, delivering, depreciable, derecognition, designating, discontinue, diverse, diversify, earlier, EITF, enabled, ensuring, entitle, equal, exam, examination, expended, experienced, financed, Force, foreign, fourth, governing, gradual, groundwater, incorrectly, initiating, injury, intention, investigating, Judge, July, jurisdiction, largest, likelihood, line, literature, matter, MDF, mitigated, notified, ongoing, originally, outlet, overrecovered, overtime, paragraph, partial, physically, pool, presently, pressure, quantify, ratably, reached, reassessed, reference, refinanced, removal, renewed, Resource, restatement, round, scheduled, separate, settling, slight, split, statute, statutorily, strategic, stream, suspended, sustained, switching, Task, taxing, technique, terminated, termination, threshold, ultimately, unbundling, uncommitted, underrecovery, vest, wage, warmer, yield

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Exhibit 10.12(a)

Schedule of Employment Continuation Agreements of Named Executive Officers dated January 1, 2009.

Name	Termination Benefit
Laurence M. Downes, President and Chief Executive Officer	Three times the sum, of (x) his then annual base salary and (y) the average of his annual bonuses paid or payable with respect to the last three calendar years ended prior to the Change of Control.
Mariellen Dugan, Senior Vice President and General Counsel	Two times the sum, of (x) her then annual base salary and (y) the average of her annual bonuses paid or payable with respect to the last three calendar years ended prior to the Change of Control (“2x”).
Kathleen T. Ellis, Senior Vice President, Corporate Affairs and Marketing	2x
Glenn C. Lockwood, Senior Vice President and Chief Financial Officer	2x
Joseph P. Shields, Executive Vice President and Chief Operating Officer, NJR Energy Services Company	2x