Annual Retainer Fee: $45,000 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 Financial Policy Committee Chair: $5,000 Leadership Development and Compensation Committee Chair: $10,000 Nominating/Corporate Governance Committee Chair: $5,000 Committee Meeting Fees: $1,500 per meeting attended
EX-10.7 2 exhibit107.htm SUMMARY OF NON-EMPLOYEE DIRECTOR COMPENSATION PLAN WebFilings | EDGAR view
Exhibit 10.7
Summary of New Jersey Resources Corporation Non-Employee Director Compensation
Annual Retainer Fee: | $45,000 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: | < font style=""> | $10,000 | ||
Financial Policy Committee Chair: | $5,000 | |||
Leadership Development and Compensation Committee Chair: | $10,000 | |||
Nominating/Corporate Governance Committee Chair: | $5,000 | |||
Committee Meeting Fees: | $1,500 per meeting attended |