0000950123-07-000775 Sample Contracts

NEW JERSEY RESOURCES CORPORATION Performance Units Agreement
Performance Units Agreement • January 25th, 2007 • New Jersey Resources Corp • Natural gas distribution • New Jersey

This Performance Units Agreement (the “Agreement”), which includes the attached “Terms and Conditions of Performance Units” (the “Terms and Conditions”) and the attached Exhibit A captioned “Performance Goal and Earning of Performance Units”, confirms the grant on ___, ___(the “Grant Date”) by NEW JERSEY RESOURCES CORPORATION, a New Jersey corporation (the “Company”), to (“Employee”), under Sections 6(e), 6(i) and 7 of the 2007 Stock Award and Incentive Plan (the “Plan”), of Performance Units (the “Units”), including rights to Dividend Equivalents as specified herein, as follows:

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NEW JERSEY RESOURCES CORPORATION Restricted Stock Agreement
Restricted Stock Agreement • January 25th, 2007 • New Jersey Resources Corp • Natural gas distribution • New Jersey

This Restricted Stock Agreement (the “Agreement”), which includes the attached “Terms and Conditions of Restricted Stock” (the “Terms and Conditions”), confirms the grant on ___, 200___(the “Grant Date”) by NEW JERSEY RESOURCES CORPORATION, a New Jersey corporation (the “Company”), to (“Employee”), under Section 6(d) of the 2007 Stock Award and Incentive Plan (the “Plan”), of Restricted Stock as follows:

NEW JERSEY RESOURCES CORPORATION Stock Option Agreement
Stock Option Agreement • January 25th, 2007 • New Jersey Resources Corp • Natural gas distribution • New Jersey

This Stock Option Agreement (the “Agreement”), which includes the attached “Terms and Conditions of Option Grant” (the “Terms and Conditions”), confirms the grant on ___, 200___ (the “Grant Date”) by NEW JERSEY RESOURCES CORPORATION, a New Jersey corporation (the “Company”), to (“Employee”) under Section 6(b) of the 2007 Stock Award and Incentive Plan (the “Plan”), of a non-qualified stock option (the “Option”) to purchase shares of Stock (the “Option Shares”), as follows:

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