EMPLOYMENT CONTINUATION AGREEMENTEmployment Continuation Agreement • February 26th, 2007 • New Jersey Resources Corp • Natural gas distribution • New Jersey
THIS AGREEMENT between New Jersey Resources Corporation, a New Jersey corporation (the "Company"), and LAURENCE M. DOWNES (the "Executive"), dated as of this 20th day of February, 2007.
Schedule of Employment Continuation Agreements of Named Executive Officers dated February 20, 2007.New Jersey Resources Corp • February 26th, 2007 • Natural gas distribution
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.
