Attached files
| file | filename |
|---|---|
| 8-K - VALMONT INDUSTRIES INC | vmi8k_aug13.htm |
| EX-10.1 - VALMONT INDUSTRIES INC | vmi8k_exh101.htm |
Exhibit 99.1
Terry J. McClain
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1.
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McClain’s compensation shall generally be the same as his compensation in effect at the time of his retirement as Chief Financial Officer on February 26, 2013.
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2.
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Base Salary: $493,933 per year
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3.
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Participation in Valmont’s 2013 Annual Incentive Plan – corporate plan with the target at 60% of base salary and capped at 2x bonus target.
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4.
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Participation in the performance share element of Valmont’s 2011-2013 and 2012-2014 Long Term Incentive Plans, with a target at 70% of base salary and capped at 2x target. Any payout shall be prorated based on days of service during the performance period.
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5.
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Participation in Valmont’s Non-Qualified Deferred Compensation Plan, VERSP 401(k) Plan, and health and welfare benefit plans, as generally available to similarly-situated employees.
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