Document:

EX-10.2

 Exhibit 10.2 

SJW GROUP 
 AMENDED
AND RESTATED DIRECTOR COMPENSATION AND 
 EXPENSE REIMBURSEMENT POLICIES 

    Effective as of October 9, 2019 
  

	I.	 DIRECTOR COMPENSATION. 

 

	A.	 ROLE OF THE EXECUTIVE COMPENSATION COMMITTEE. 

The SJW Group Board, through its Executive Compensation Committee, will review, or request management or outside consultants to review,
appropriate compensation policies for the directors serving on the Board and its committees. This review may consider board compensation practices of other similar public companies, contributions to Board functions, service as committee chairs, and
other appropriate factors. 
  

	B.	 COMPENSATION POLICIES.  

1.    Annual Retainer. 

SJW Group (“SJW”) shall pay the Chairman of its Board who is not employed by SJW or any of its subsidiaries (a “Non-Employee Director”) an annual retainer of $100,000. 
 SJW shall pay each of its other Non-Employee Directors an annual retainer of $66,500.    SJW shall also pay an annual retainer of $15,000 to the SJW Audit Committee Chair, $10,000 to the SJW Executive Compensation Committee
Chair and $7,500 to each of the other SJW Board Committee Chairs who are each Non-Employee Directors. 

SJW shall pay its Lead Independent Director an additional annual retainer of $10,000. 

No additional retainer shall be paid to a Non-Employee Director for serving on a subsidiary board,
except that the special independent director who will serve on the board of SJW NE LLC (and will not be serving on the SJW Board) will receive an aggregate annual retainer of $30,000 for serving on such board and any other subsidiary boards. 

2.    Board and Committee Meetings Held In Person. 

The meeting fees set forth in this section shall be paid to the Non-Employee Directors in connection
with SJW Board and SJW Committee meetings held in person.     
 All
Non-Employee Directors of SJW shall be paid $1,500 for each SJW Board or SJW Committee meeting attended in person, including the SJW strategic planning meeting. 

In the event a Non-Employee Director attends an in-person SJW
Board or SJW Committee meeting by telephone, he or she shall be entitled to receive the meeting fees set forth above in this section for the first meeting attended by telephone in a calendar year and half of such meeting fees for subsequent meetings
attended by telephone in the same calendar year. 

 3.    Board and Committee Meetings Held Telephonically. 

The meeting fees set forth in this section shall be paid to Non-Employee Directors in connection with
SJW Board and SJW Committee meetings held telephonically.     
 All
Non-Employee Directors of SJW shall be paid $1,500 for each SJW Board or SJW Committee meeting attended, including the SJW strategic planning meeting. 

4.    Long-Term Incentive Plan. 

Non-Employee Directors may be eligible to participate in SJW’s Long-Term Incentive Plan, as
amended (“LTIP”), and may also be eligible to participate in programs now or hereafter established thereunder, as more fully set forth in the LTIP and the programs established thereunder. 

5.    Director Pension Plan. 

As more fully set forth in a resolution adopted by SJW’s Board of Directors on October 25, 2007 which amends the September 22,
1999 resolution, when a director ceases to be a director of SJW, he or she shall receive a benefit equal to one half of the aggregate annual retainer for service on the Board of Directors of SJW and the Boards of Directors of San Jose Water Company
and SJW Land Company as in effect at the time such director ceases to be a director (the “Director Pension Plan”). This benefit will be paid to the director, his beneficiary or his estate, for the number of years the director served on the
SJW Board until December 31, 2007 up to a maximum of 10 years. These payments will be made with the same frequency as the ongoing Directors retainers. Only Non-Employee Directors who were on the SJW Board
in 2003 and did not elect, in 2003, to have their existing Director Pension Plan benefits converted into deferred restricted stock pursuant to the Deferred Restricted Stock Program participate in the Director Pension Plan. All other Non-Employee Directors are not eligible to participate in the Director Pension Plan. 
  

	II.	 EXPENSE REIMBURSEMENT. 

All reasonable expenses incurred by a Non-Employee Director in connection with his or her attendance at an SJW Board
Meeting, a subsidiary board meeting, SJW Committee Meeting or other SJW meeting, which shall include the expense of traveling first class for any travel within the United States, shall be reimbursed. 

 

					
	 Adopted By the Board effective as of October 9, 2019
	  	 /s/ Suzy Papazian
	 	
		  	Suzy Papazian, Corporate Secretary	 	

  
 2EX-10.3

 Exhibit 10.3 

FOURTH AMENDMENT TO THE 

SJW GROUP EXECUTIVE SEVERANCE PLAN 

(As Amended and Restated January 1, 2010 and As Further Amended 

October 26, 2010, November 15, 2016, July 26, 2017 and November 6, 2017) 

WHEREAS, SJW Group (the “Company”) maintains the SJW Group Executive Severance Plan (the “Plan”); 

WHEREAS, the Company is party to a merger agreement pursuant to which it will acquire Connecticut Water Service, Inc. and Connecticut
Water Service, Inc. will become a subsidiary of SJW Group (the “Merger”); and 
 WHEREAS, the Company wishes to amend the
Plan to exclude from eligibility any individual who (a) is employed by Connecticut Water Service, Inc. or any of its subsidiaries, (b) has an employment agreement with Connecticut Water Service, Inc. or (c) is eligible to participate
under the Change in Control Severance Plan established on December 8, 2017 for certain eligible employees of Connecticut Water Service, Inc., Connecticut Water Company, Maine Water Company, and their affiliates; 

NOW, THEREFORE, the Plan is hereby amended as follows effective as of the closing of the Merger: 

1.    Section 1(j) is amended by adding the following new sentence immediately before the last sentence thereof: 

Notwithstanding the foregoing, “Officer” shall not include an individual who (a) is employed by Connecticut
Water Service, Inc. or any of its subsidiaries, (b) has an employment agreement with Connecticut Water Service, Inc. or (c) is eligible to participate under the Change in Control Severance Plan established on December 8, 2017 for
certain eligible employees of Connecticut Water Service, Inc., Connecticut Water Company, Maine Water Company, and their affiliates. 

2.    Except as expressly modified by this Fourth Amendment, all the terms and provisions of the Plan shall continue to
remain in full force and effect. 
 IN WITNESS WHEREOF, the Company has caused this Amendment to be executed on this 9th day of October, 2019. 
  

			
	SJW GROUP
		
	By:	 	 /s/ Eric W. Thornburg

		 	 Eric W. Thornburg, President,
 Chief Executive
Officer and
Chairman of the Board of Directors

  

Page 1 of 1EX-10.4

 Exhibit 10.4 

SIXTH AMENDMENT 
 TO THE

 SAN JOSE WATER COMPANY CASH BALANCE 

EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN 

(Amended and Restated on January 25, 2012, Effective as of January 1, 2012, and As Further Amended October 30, 2013, January 31, 2014, November
15, 2016, November 6, 2017 and October 24, 2018) 
 WHEREAS, San Jose Water Company (the “Company”) maintains the San Jose
Water Company Cash Balance Executive Supplement Retirement Plan (the “Cash Balance SERP”); 
 WHEREAS, SJW Group, the
parent of the Company, is party to a merger agreement pursuant to which it will acquire Connecticut Water Service, Inc. and Connecticut Water Service, Inc. will become a subsidiary of SJW Group (the “Merger”); 

WHEREAS, the Company wishes to amend the Cash Balance SERP to clarify that only employees of the Company are eligible to participate;
and 
 WHEREAS, Section 8.1 of the Cash Balance SERP permits the Board of Directors to amend the Cash Balance SERP; 

NOW, THEREFORE, the Cash Balance SERP is hereby amended as follows effective as of the closing of the Merger: 

1. Section 1.14 is amended to read as follows (deletions shown in strikethrough, additions in bold italics):

 Eligible Employee. The term “Eligible Employee” means any officer of the Company or any
other Employee who: 
 (a) first commences status as an Employee of the Company on or after March 31, 2008. 

(b) is part of a select group of management or an otherwise highly compensated employee, as determined by the Committee in accordance with
applicable ERISA standards, and 
 (c) is not, and never has been, a participant in the San Jose Water Company Supplemental
Executive Supplemental Retirement Plan. 
 2. Except as expressly modified by this Sixth Amendment, all the terms and
provisions of the Cash Balance SERP shall continue to remain in full force and effect. 
 IN WITNESS WHEREOF, the Company has caused
this Amendment to be executed on this 9th day of October, 2019. 
  

			
	SAN JOSE WATER COMPANY
		
	By:	 	 /s/ Eric W. Thornburg

	Eric W. Thornburg
	Chief Executive Officer and Chairman of the Board of Directors

  
 Page 1 of 1EX-10.5

 Exhibit 10.5 

SECOND AMENDMENT 
 TO THE

 SAN JOSE WATER COMPANY 

EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN 

(Amended and Restated on January 25, 2012, Effective as of January 1, 2012 And As Further 

Amended November 15, 2016) 

WHEREAS, San Jose Water Company (the “Company”) maintains the San Jose Water Company Executive Supplement Retirement Plan
(the “SERP”); 
 WHEREAS, SJW Group, the parent of the Company, is party to a merger agreement pursuant to which it will
acquire Connecticut Water Service, Inc. and Connecticut Water Service, Inc. will become a subsidiary of SJW Group (the “Merger”); 

WHEREAS, the Company wishes to amend the SERP to clarify that only employees of the Company are eligible to participate; and 

WHEREAS, Section 8.1 of the SERP permits the Board of Directors to amend the SERP. 

NOW, THEREFORE, the SERP is hereby amended as follows effective as of the closing of the Merger: 

1.    Section 1.16 is amended to read as follows (deletions shown in strikethrough, additions in
bold italics): 
 “Eligible Employee” means any officer of the Company or any other
Employee who: 
 (a)    first commenced status as an Employee of the Company before March 31,
2008; and 
 (b)    is part of a select group of management or an otherwise highly compensated employee, as determined by
the Committee in accordance with applicable ERISA. 
 2.    Except as expressly modified by this Second Amendment, all
the terms and provisions of the SERP shall continue to remain in full force and effect. 
 IN WITNESS WHEREOF, the Company has caused
this Amendment to be executed on this 9th day of October, 2019. 
  

			
	SAN JOSE WATER COMPANY
		
	By:	 	 /s/ Eric W. Thornburg

		 	 Eric W. Thornburg
 Chief Executive Officer
and
Chairman of the Board of Directors

  

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