Exhibit 10.16

Non-Employee Directors’ Compensation for 2016 

 

At its regularly scheduled meeting on December 1, 2015, the Board of Directors
of Aqua America, Inc., upon the recommendation of its Executive Compensation
Committee, approved the following directors’ compensation for 2016  for the
non-employee directors of Aqua America, Inc.: (1) an annual cash retainer of
$75,000; (2) an annual cash retainer for the Chair of the Executive Compensation
Committee of $12,500; (3) an annual cash retainer for the Chair of the Audit
Committee of $12,500; (4) an annual cash retainer for the Chair of the Corporate
Governance Committee of $10,000; (5) an annual cash retainer for the Chair of
the Risk Mitigation Committee of $10,000; (6) an annual cash retainer for the
Lead Independent Director of $25,000; (7) an annual stock grant to directors of
$75,000; and  (8) the non-executive Chairman shall be paid a retainer in the
amount of $175,000 per year and the normal Director equity award as set forth
above. All Directors are reimbursed for reasonable expenses incurred in
connection with attendance at Board or Committee meetings.

 

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