Attached files
| file | filename |
|---|---|
| 8-K - NEW JERSEY RESOURCES CORP | c79237_8k.htm |
| EX-4.1 - NEW JERSEY RESOURCES CORP | c79237_ex4-1.htm |
Exhibit 10.1
Summary of New Jersey Resources Corporation Non-Employee Director Compensation
| Annual Cash Retainer Fee (All independent directors except Lead Director): | $ | 68,000 | ||
| Lead Director Additional Annual Cash Retainer | $ | 17,500 | ||
| Annual Equity Retainer (in common stock equivalent)† | $ | 80,000 | ||
| Annual Retainer - Committee Member: | ||||
| Audit | $ | 12,000 | ||
| Leadership Development and Compensation Committee | $ | 6,000 | ||
| Nominating/Corporate Governance Committee | $ | 6,000 | ||
| Additional Annual Retainer for Committee Chairs: | ||||
| Audit | $ | 15,000 | ||
| Executive | $ | 15,000 | ||
| Leadership Development and Compensation | $ | 15,000 | ||
| Nominating/Corporate Governance | $ | 15,000 | ||
| Subsidiary Board Retainers:* | ||||
| Annual Retainer- Subsidiary Board Member** | $ | 9,000 | ||
| Additional Annual Retainer- Subsidiary Board Lead Director*** | $ | 15,000 |
In the event of extraordinary circumstances resulting in an excessive number of Board or Committee meetings beyond the typical number of meetings of a Board or Committee in a given year, the Board retains discretion to pay an additional per meeting fee of $1,500 to each attending non-employee director that is a member of such Board or Committee.
† The number of shares to be based upon the closing price of a share of the Company’s common stock on the date of the grant.
* Subsidiary Boards include the Boards of Directors for New Jersey Natural Gas, NJR Energy Services, NJR Clean Energy Ventures, NJR Clean Energy Ventures II and NJR Energy Investments.
**Subsidiary Board Member Annual Retainers and any additional meeting fees are based upon each member only being compensated for one meeting when joint Boards of Directors meetings occur.
***Lead Directors of more than one subsidiary Board will only be paid a single annual retainer fee of $15,000 for service as Lead Director on those Boards.