EX-10.4: FORM OF PERFORMANCE UNIT GRANT AGREEMENT

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