Attached files
file | filename |
---|---|
10-K - 10-K - ALLETE INC | ale12312016-10k.htm |
EX-99 - EXHIBIT 99 - ALLETE INC | exhibit9912-31x2016.htm |
EX-95 - EXHIBIT 95 - ALLETE INC | exhibit9512-31x2016.htm |
EX-32 - EXHIBIT 32 - ALLETE INC | exhibit3212-31x2016.htm |
EX-31.B - EXHIBIT 31.B - ALLETE INC | exhibit31b12-31x2016.htm |
EX-31.A - EXHIBIT 31.A - ALLETE INC | exhibit31a12-31x2016.htm |
EX-23 - EXHIBIT 23 - ALLETE INC | exhibit2312-31x2016.htm |
EX-21 - EXHIBIT 21 - ALLETE INC | exhibit2112-31x2016.htm |
EX-12 - EXHIBIT 12 - ALLETE INC | exhibit1212-31x2016.htm |
EX-10.K3 - EXHIBIT 10.K3 - ALLETE INC | exhibit10k312-31x2016.htm |
EX-10.I6 - EXHIBIT 10.I6 - ALLETE INC | exhibit10i612-31x2016.htm |
EX-10.I5 - EXHIBIT 10.I5 - ALLETE INC | exhibit10i512-31x2016.htm |
EX-10.E7 - EXHIBIT 10.E7 - ALLETE INC | exhibit10e712-31x2016.htm |
EX-10.E6 - EXHIBIT 10.E6 - ALLETE INC | exhibit10e612-31x2016.htm |
Exhibit 10(i)4
ALLETE Executive Long-Term Incentive Plan
Form of Cash Award
Effective 2017
[CEO]
Target Award Opportunity
Base Salary | $ |
Times | |
Award Opportunity (percent of base salary) | % |
Equals | |
Target Award | $ |
Performance Levels and Award Amounts
Goal Performance Level | Payout as Percent of Target Award | Award Amount |
Superior | 200% | $ |
Target | 100% | $ |
Threshold | 37.5% | $ |
Below Threshold | 0% | $ |
Goals
Goal | ||||||||
Weighting | ||||||||
Financial Goals | ||||||||
Net Income | 25% | |||||||
Cash from Operating Activities | 25% | |||||||
Strategic & Operational Positioning Goals | 50% | |||||||
100% |
Portions Subject to 162(m)
Portions of this award are intended to qualify as performance-based compensation within the meaning of I.R.S. Code Section 162(m), namely , all amounts related to the Financial Goals and the objective Strategic & Operational Positioning Goals. Accordingly, those portions will be interpreted and administered consistent with Section 9.2 of the Long-Term Incentive Plan.
Compensation Subject to Compensation Recovery Policy
Annual Incentive Plan Compensation is subject to recoupment as defined in the Compensation Recovery policy.