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 multiple (ranging from 2x to 3x base salary and average annual bonus), and the duration of continued medical insurance (2 years) if a change in control occurs. The agreements are designed to provide financial and benefit protections to these officers in the event their employment is terminated following a change in control of the company.
EX-10.(E)(IV) 2 exhibit10eivscheduleofoffi.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. | 1/1/13 | 3X | 2 years |
Stephen H. Clark | Senior Vice President and Chief Financial Officer, South Jersey Industries, Inc. | 1/1/13 | 2X | 2 years |
Jeffrey E. DuBois | Executive Vice President, South Jersey Industries, Inc. | 1/1/13 | 2X | 2 years |
Gina M. Merritt-Epps | Senior Vice President, General Counsel and Corporate Secretary, South Jersey Industries, Inc. | 1/1/13 | 2X | 2 years |
Kathleen A. McEndy | Senior Vice President and Chief Human Resources Officer, South Jersey Industries, Inc. | 1/1/13 | 2X | 2 years |
Kenneth A. Lynch | Senior Vice President and Chief Accounting Officer, South Jersey Industries, Inc. | 1/1/13 | 2X | 2 years |
David Robbins, Jr. | Senior Vice President, South Jersey Industries, Inc. | 1/1/13 | 2X | 2 years |
Gregory M. Nuzzo | Senior Vice President, South Jersey Industries, Inc. | 1/1/13 | 2X | 2 years |