Exhibit10.16 Summaryof New Jersey Resources Corporation Non-Employee DirectorCompensation Annual Retainer Fee: (effective January 1, 2009) $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: $5,000 Nominating/Corporate Governance Committee Chair: $5,000 Committee Meeting Fees: $1,500 per meeting attended

EX-10.16 4 nonempdircomp.htm NON-EMPLOYEE DIR COMPENSATION nonempdircomp.htm
 
Exhibit 10.16

Summary of New Jersey Resources Corporation Non-Employee Director Compensation
         
Annual Retainer Fee:
(effective January 1, 2009)
  
$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:
    
$5,000
  
Nominating/Corporate Governance Committee Chair:
    
$5,000
  
         
Committee Meeting Fees:
  
$1,500 per meeting attended