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