Schedule of Employment Continuation Agreements for Named Executive Officers (September 30, 2018)

Summary

This document lists the employment continuation agreements for several executive officers of the company as of September 30, 2018. It outlines the severance benefits each executive would receive if their employment is terminated following a change of control. The President and CEO is entitled to three times his annual salary plus the average of his last three annual bonuses, while other named executives are entitled to two times their annual salary plus the average of their last three annual bonuses.

EX-10.24(A) 2 njrex1024ascheduleofemploy.htm EXHIBIT 10.24(A) SEPTEMBER 30, 2018 Exhibit

Exhibit 10.24(a)

Schedule of Employment Continuation Agreements of Named Executive Officers dated September 30, 2018.



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.
Stephen D. Westhoven, President and Chief Operating Officer	Two 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 (“2x”).
Patrick J. Migliaccio, Senior Vice President and Chief Financial Officer	2x
Amanda Mullan, Senior Vice President and Chief Human Resources Officer	2x
Nancy A. Washington, Senior Vice President and General Counsel	2x