Annual Retainer Fee: $ 35,000 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: $ 10,000Financial Policy Committee Chair: $ 5,000Leadership Development andCompensation Committee Chair: $ 10,000Nominating/Corporate GovernanceCommittee Chair: $ 5,000Committee Meeting Fees: $ 1,500 per meeting attended
EX-10.16 2 c95195exv10w16.htm EXHIBIT 10.16 Exhibit 10.16
Exhibit 10.16
Summary of New Jersey Resources Corporation Non-Employee Director Compensation
Annual Retainer Fee: | $ | 35,000 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 | ||
