Schedule of Officer Change in Control Agreements for South Jersey Industries, Inc.
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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 amount (as a multiple of base salary and average annual bonus), and the duration of continued medical insurance if a change in control occurs. The agreements generally provide for severance of two or three times salary and bonus, and continued medical insurance for two or three years, depending on the officer's position.
EX-10.(E)(IV) 2 exhibit10eiv-sjischeduleof.htm EXHIBIT 10.(E)(IV) Exhibit
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).
Name | Capacities in Which Served | Effective Date of Agreement | Severance Multiple of Base Salary and Average Annual Bonus | Duration of Continued Medical Insurance |
Michael J. Renna | Director, President and Chief Executive Officer, South Jersey Industries, Inc. | 1/1/16 | 3X | 3 years |
Stephen H. Clark | Executive Vice President and Chief Financial Officer, South Jersey Industries, Inc. | 1/1/16 | 2X | 2 years |
Kathleen A. McEndy | Senior Vice President and Chief Administrative Officer, South Jersey Industries, Inc. | 1/1/16 | 2X | 2 years |
Kenneth A. Lynch | Senior Vice President and Chief Risk Officer, South Jersey Industries, Inc. | 1/1/16 | 2X | 2 years |
David Robbins, Jr. | Senior Vice President, South Jersey Industries, Inc. | 1/1/16 | 2X | 2 years |
Gregory M. Nuzzo | Senior Vice President, South Jersey Industries, Inc. | 1/1/16 | 2X | 2 years |
Steven R. Cocchi | Senior Vice President, Strategy and Growth | 1/1/18 | 2X | 2 years |
Melissa Orsen | Senior Vice President & General Counsel | 1/1/18 | 2X | 2 years |