Schedule of Officer Employment Agreements for South Jersey Industries, Inc. (as of January 1, 2012)
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Summary
This document lists the key terms of employment agreements for five executive officers of South Jersey Industries, Inc. as of January 1, 2012. It details each officer's position, the date of their agreement, minimum base salary, and the minimum percentages for annual cash awards and long-term incentive plan awards, which are only paid if performance goals are met. The agreement ensures clarity on compensation and incentives for the company's top executives.
EX-10.EIV 2 sjiexh10eiv123111scheduleo.htm EXHIBIT (10)(E)(IV) SJI Exh 10eiv 12.31.11 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 Employment Agreements, the form of which is filed herewith as Exhibit (10)(e)(iii).
Name | Capacities in Which Served | Date of Agreement | Minimum Base Salary | Minimum Performance Based Annual Cash Award - % of Base Salary * | Minimum Long-Term Incentive Plan Award - % of Base Salary* |
Edward J. Graham | Chairman, President and Chief Executive Officer, South Jersey Industries, Inc.; President and Chief Executive Officer, South Jersey Gas Company | 1/1/2012 | $670,000 | 74% | 99% |
David A. Kindlick | Vice President and Chief Financial Officer, South Jersey Industries, Inc.; Senior Vice President and Chief Financial Officer, South Jersey Gas Company | 1/1/2012 | $300,000 | 47% | 63% |
Michael Renna | Vice President, South Jersey Industries, Inc.; President, South Jersey Energy Solutions | 1/1/2012 | $300,000 | 53% | 63% |
Jeffrey E. DuBois | Vice President, South Jersey Industries, Inc.; Senior Vice President, Operations & Sales, South Jersey Gas Company | 1/1/2012 | $280,000 | 50% | 61% |
Kevin D. Patrick | Vice President, South Jersey Industries, Inc. | 1/1/2012 | $244,000 | 44% | 55% |
* Payable only if performance criteria are attained.