Annual Retainer Fee:$50,000 cash (paid quarterly)1,200 shares of NJR Common Stock (paid annually) Lead Non-Management Director Fee:$10,000Annual Retainer for Committee Chairs:Audit Committee Chair:$10,000Executive Committee Chair:$10,000Leadership Development and Compensation Committee Chair:$10,000Nominating/Corporate Governance Committee Chair:$5,000Committee Meeting Fees:$1,500 per meeting attended
EX-10.7 2 exhibit10711-18x111.htm SUMMARY OF NJR NON-EMPLOYEE DIRECTOR COMPENSATION Exhibit 10.7 11-18-11 (1)
Exhibit 10.7
Summary of New Jersey Resources Corporation Non-Employee Director Compensation
Annual Retainer Fee: | $50,000 cash (paid quarterly) | |||
1,200 shares of NJR Common Stock (paid annually) | ||||
Lead Non-Management Director Fee: | $10,000 | |||
Annual Retainer for Committee Chairs: | ||||
Audit Committee Chair: | $10,000 | |||
Executive Committee Chair: | $10,000 | |||
Leadership Development and Compensation Committee Chair: | $10,000 | |||
Nominating/Corporate Governance Committee Chair: | $5,000 | |||
Committee Meeting Fees: | $1,500 per meeting attended |