EX-10.16 2 c95195exv10w16.htm EXHIBIT 10.16 Exhibit 10.16
Exhibit 10.16
Summary of New Jersey Resources Corporation Non-Employee Director Compensation
         
Annual Retainer Fee:
   $ 35,000 cash (paid quarterly)
 
   1,200 shares of NJR Common Stock
 
   (paid annually)
Lead Non-Management Director Fee:
   $   10,000
Annual Retainer for Committee Chairs:
        
Audit Committee Chair:
   $   10,000
Executive Committee Chair:
   $   10,000
Financial Policy Committee Chair:
   $   5,000
Leadership Development and Compensation Committee Chair:
   $   10,000
Nominating/Corporate Governance Committee Chair:
   $   5,000
Committee Meeting Fees:
   $ 1,500 per meeting attended