Schedule of Officer Employment Agreements for South Jersey Industries, Inc.
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Summary
This document lists the key terms of employment agreements for several executive officers of South Jersey Industries, Inc. and its subsidiaries, effective January 1, 2012. It details each officer's position, minimum base salary, and targeted annual and long-term incentive awards, which are payable only if certain performance criteria are met. The schedule supplements the standard form of Officer Employment Agreement filed separately, highlighting the material differences for each executive.
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 Employment Agreements, the form of which is filed herewith as Exhibit 10.1.
| Name | Capacities in Which Served | Date of Agreement | Minimum Base Salary | Targeted Performance Based Annual Cash Award* | Targeted Long- Term Incentive Plan Award* | |||||||||
| Edward J. Graham | Chairman, President and Chief Executive Officer, South Jersey Industries, Inc.; President and Chief Executive Officer, South Jersey Gas Company | 1/1/12 | $ | 670,000 | $ | 495,00 | $ | 660,000 | ||||||
| David A. Kindlick | Vice President and Chief Financial Officer, South Jersey Industries, Inc.; Senior Vice President and Chief Financial Officer, South Jersey Gas Company | 1/1/12 | $ | 300,000 | $ | 141,750 | $ | 190,000 | ||||||
| Michael Renna | Vice President, South Jersey Industries, Inc.; President, South Jersey Energy Solutions; President, South Jersey Energy Company | 1/1/12 | $ | 300,000 | $ | 160,000 | $ | 190,000 | ||||||
| Jeffrey E. DuBois | Vice President, South Jersey Industries, Inc.; Senior Vice President, Chief Operating Officer, South Jersey Gas Company | 1/1/12 | $ | 280,000 | $ | 140,000 | $ | 170,000 | ||||||
| Kevin D. Patrick | Vice President, Research & Corporate Development, South Jersey Industries, Inc. | 1/1/12 | $ | 244,000 | $ | 106,313 | $ | 133,000 | ||||||
* Payable only if performance criteria are attained.
