Exhibit 10.4(b)

[SERP Amendment Form]

AMENDMENT TO SUPPLEMENTAL EXECUTIVE
RETIREMENT PLAN AGREEMENT
DATED ___________________

THIS AGREEMENT entered into as of the ____ day of _________, ____, by and
between NEW JERSEY RESOURCES CORPORATION, a corporation of New Jersey
(hereinafter called the “Company”), and ___________________ (hereinafter called
“Employee”).
 
W I T N E S S E T H
 
WHEREAS, the Company and Employee entered into a Supplemental Executive
Retirement Plan Agreement dated ___________, ____ (referred to, with any
amendments thereto, as the “Original Agreement”), and desires to amend said
Original Agreement in accordance with Paragraph 16 thereof; and
 
WHEREAS, Employee is employed by the Company and is presently the
_____________________________________; and
 
WHEREAS, the Company desires Employee to remain in its service until retirement,
and wishes to offer him additional incentive to do so in the form of deferred
compensation and death benefits;
 
NOW, THEREFORE, in consideration of the premises and of the covenants and
agreements herein contained, and as set forth in the Original Agreement, and for
other good and valuable consideration, the parties hereto do covenant and agree
as follows:
 
 
1.
The first sentence of Paragraph 2 of the Original Agreement is hereby amended to
increase amount payable thereunder and to read as follows:

 
 
“2.
The Company agrees that following Employee’s Separation from Service at or after
attainment of age sixty-five (65) for reasons other than death, it will pay to
Employee the sum of ____________________________ ($_____________) (hereinafter
referred to as the “SERP Benefit”), payable in sixty (60) equal monthly
installments.”

 
 
2.
The first sentence of Paragraph 3 of the Original Agreement is hereby amended to
increase the amount payable thereunder and to read as follows:

 
 
“3.
In the event that Employee dies while in active employment with the Company but
prior to his or her Separation from Service, and such death is due to a cause
other than suicide, the Company shall pay a Death Benefit in the amount of
________________ ($__________) to his/her designated beneficiary, in sixty (60)
equal monthly installments.”

 
 
3.
Nothing in this Agreement shall change the time and form of payment of the
benefit payable under the Original Agreement and shall only have the effect of
increasing the benefit payable under the Original Agreement.

 

 
 
 

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4.
Schedule “A” annexed to and made a part of the Original Agreement is hereby
amended to read as follows:

 
 
[Insert Chart]

 
 
5.
This Amendment shall be effective as of __________________.

 
IN WITNESS WHEREOF, the parties have hereunto set their hands and seals this
____ day of ____________, _____.
 
 
ATTEST:
 
NEW JERSEY RESOURCES CORPORATION
           
By:
              By:
__________________________
   
LAURENCE M. DOWNES
Chairman and CEO
     
SIGNED, SEALED, AND DELIVERED
IN THE PRESENCE OF:
___________________________________