EX-10.2 3 ex-10_2.htm SCHEDULE OF EMPLOYMENT CONTINUATION AGREEMENT Schedule of Employment Continuation Agreement
Exhibit 10.2

Schedule of Employment Continuation Agreements of Named Executive Officers dated February 20, 2007.

 
Name
 
Termination Benefit
 
Laurence M. Downes, President and Chief Executive Officer
 
Three times the sum, of (x) his then annual base salary and (y) the average of his annual bonuses paid or payable with respect to the last three calendar years ended prior to the Change of Control.
 
Mariellen Dugan, Vice President and General Counsel
 
Two times the sum, of (x) her then annual base salary and (y) the average of her annual bonuses paid or payable with respect to the last three calendar years ended prior to the Change of Control (“2x”).
 
Kathleen T. Ellis, Vice President, Corporate Affairs
 
2x
 
Glenn C. Lockwood, Senior Vice President and Chief Financial Officer
 
2x
 
Joseph P. Shields, Senior Vice President, Energy Services, New Jersey Natural Gas Company
 
2x