Performance Unit Grant Agreement under New Jersey Resources Long-Term Incentive Corporate Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This agreement is between New Jersey Resources Corporation and an employee, granting performance units as part of the company's Long-Term Incentive Corporate Plan. The number of units awarded is based on the company's total shareholder return compared to a group of 24 peer companies over a specified period. The agreement outlines the conditions for earning the award and provides contact information for questions.

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EX-10.4 5 y17187exv10w4.txt EX-10.4: FORM OF PERFORMANCE UNIT GRANT AGREEMENT EXHIBIT 10.4 FORM OF PERFORMANCE UNIT GRANT NEW JERSEY RESOURCES CORPORATION Date ________ Name Title Company Dear _____: On behalf of the Board of Directors, I am pleased to inform you that the following grant was made to you on _________, under the New Jersey Resources Long-Term Incentive Corporate Plan. - - Performance Awards of ______ units at target performance (i.e., 100%), subject to the Company's total shareholder return compared with a peer group of 24 companies. Total shareholder returns shall be calculated during the _____ month period commencing _________ and ending _____________. If you have any questions regarding your award, please contact _______ at extension _____. Sincerely, Laurence M. Downes