Attached files
| file | filename |
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| 8-K - VALMONT INDUSTRIES INC | vmi8k_june3.htm |
Exhibit 99.1
Tim Francis Compensation
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1.
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Base Salary: $275,000 per year
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2.
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Participation in Valmont’s 2014 Annual Incentive Plan – Corporate Plan with a target of 40% of base salary (prorated from start date as Controller) and capped at 2x bonus target.
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3.
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Participation in the performance share element of Valmont’s 2013-2015 and 2014-2016 long-term incentive plans, with a target of 40% of base salary (prorated from start date as Controller) and capped at 2x target.
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4.
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Participation in the stock option element of Valmont’s long-term incentive plans, with eligibility for option grant in December 2014 with a target value of 40% of base salary.
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5.
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Participation in Valmont’s non-qualified deferred compensation plan, VERSP 401(k) plan, health and welfare benefit plans.
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6.
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Award of 600 restricted shares of Valmont common stock as of the start date, with 5-year cliff vesting.
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