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 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 they would receive, and the duration of continued medical insurance if a change in control occurs. The agreements provide different severance and benefit terms depending on the officer's position, with the Chairman and CEO receiving a higher severance multiple and longer medical coverage than other officers.
EX-10.(E)(IV) 2 exhibit10eivscheduleofoffi.htm EXHIBIT 10(E)(IV) Exhibit 10(e)(iv) Schedule of Officer Agreements
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 |
Edward J. Graham | Chairman and Chief Executive Officer, South Jersey Industries, Inc. | 1/1/13 | 3X | 3 years |
Michael J. Renna | Director, President and Chief Operating Officer, South Jersey Industries, Inc. | 1/1/13 | 2X | 2 years |
David A. Kindlick | Executive Vice President, South Jersey Industries, Inc. | 1/1/13 | 2X | 2 years |
Jeffrey E. DuBois | Senior Vice President, South Jersey Industries, Inc. | 1/1/13 | 2X | 2 years |
Stephen H. Clark | Chief Financial Officer and Treasurer, South Jersey Industries, Inc. | 1/1/13 | 2X | 2 years |
Gina M. Merritt-Epps | General Counsel and Corporate Secretary, South Jersey Industries, Inc. | 1/1/13 | 2X | 2 years |