Schedule of Officer Change in Control Agreements for South Jersey Industries, Inc.

Contract Categories: Human Resources › Change of Control Agreements
Summary

This document lists the key terms of change in control agreements for several executive officers of South Jersey Industries, Inc. It specifies each officer's role, the effective date of their agreement, the severance multiple of base salary and average annual bonus, and the duration of continued medical insurance benefits. The agreements provide for different severance terms depending on the officer's position, with the CEO receiving a three-year severance and others receiving two years. These terms apply if there is a change in control of the company.

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EX-10.(E)(IV) 3 exhibit10eiv-sjischeduleof.htm EX-10.(E)(IV) Document

Exhibit 10(e)(iv)
SOUTH JERSEY INDUSTRIES, INC.
 
SCHEDULE OF OFFICER AGREEMENTS
 
Pursuant to Rule 12b-31, the following sets forth the material details which differ in the Officer Change in Control Agreements, the form of which is filed herewith as Exhibit 10(e)(iii).
 
NameCapacities in Which Served
Effective
 Date
 of
Agreement
Severance
Multiple of
Base Salary
and Average
Annual Bonus
Duration of Continued Medical
Insurance
         
Michael J. RennaDirector, President and Chief Executive Officer, South Jersey Industries, Inc.1/1/203X3 years
Steven R. CocchiSenior Vice President and Chief Financial Officer, South Jersey Industries, Inc.1/1/202X2 years
David Robbins, Jr.Senior Vice President, South Jersey Industries, Inc. and President, SJI Utilities, Inc. 1/1/202X2 years
Melissa OrsenSenior Vice President, South Jersey Industries, Inc. and President & Chief Operations Officer, South Jersey Gas Company1/1/202X2 years
Kathleen LarkinSenior Vice President and Chief Human Resources Officer, South Jersey Industries, Inc.5/11/202X2 years