Exhibit 10.2 Schedule Of Employment Continuation Agreements
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EX-10.2 3 ex-10_2.htm SCHEDULE OF EMPLOYMENT CONTINUATION AGREEMENT Schedule of Employment Continuation Agreement
Exhibit 10.2
Schedule of Employment Continuation Agreements of Named Executive Officers dated February 20, 2007.
| Name | Termination Benefit |
| Laurence M. Downes, President and Chief Executive Officer | Three times the sum, of (x) his then annual base salary and (y) the average of his annual bonuses paid or payable with respect to the last three calendar years ended prior to the Change of Control. |
| Mariellen Dugan, Vice President and General Counsel | Two times the sum, of (x) her then annual base salary and (y) the average of her annual bonuses paid or payable with respect to the last three calendar years ended prior to the Change of Control (“2x”). |
| Kathleen T. Ellis, Vice President, Corporate Affairs | 2x |
| Glenn C. Lockwood, Senior Vice President and Chief Financial Officer | 2x |
| Joseph P. Shields, Senior Vice President, Energy Services, New Jersey Natural Gas Company | 2x |
