0001206774-20-000229 Sample Contracts

NEW JERSEY RESOURCES CORPORATION Director Restricted Stock Units Agreement
New Jersey Resources Corporation • January 23rd, 2020 • New Jersey Resources Corp • Natural gas distribution • New Jersey

This Director Restricted Stock Units Agreement (the "Agreement"), which includes the attached “Terms and Conditions of Director Restricted Stock Units” (the “Terms and Conditions”), confirms the grant on January 22, 2020 (the “Grant Date”) by NEW JERSEY RESOURCES CORPORATION, a New Jersey corporation (the "Company"), to __________________ ("Director"), under Section 6(e) of the 2017 Stock Award and Incentive Plan (the "Plan"), of Restricted Stock Units, including rights to Dividend Equivalents as specified herein, as follows:

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