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 officers of South Jersey Industries, Inc., including their roles, the effective date of the agreements, the severance multiple of their base salary and average annual bonus, and the duration of continued medical insurance. The agreements provide for severance payments ranging from two to three times salary and bonus, and continued medical insurance for two to three years, depending on the officer's position.

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EX-10.2 3 ex10_2.htm EXHIBIT 10.2 ex10_2.htm
Exhibit 10.2

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 10.1.
 
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, President and Chief Executive Officer, South Jersey Industries, Inc.
1/1/13
3X
3 years
         
Jeffrey E. DuBois
Senior Vice President, South Jersey Industries, Inc.; President, South Jersey Gas Company
1/1/13
2X
2 years
         
David A. Kindlick
Senior Vice President and Chief Financial Officer, South Jersey Industries, Inc.
1/1/13
2X
2 years
         
Michael J. Renna
Senior Vice President, South Jersey Industries, Inc.; President, South Jersey Energy Solutions, LLC
1/1/13
2X
2 years
         
Kevin D. Patrick
Vice President, South Jersey Industries, Inc.
1/1/13
2X
2 years