ALLETE Executive Annual Incentive Plan 2005 Goals

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document outlines the 2005 goals for ALLETE's Executive Annual Incentive Plan, applying to all eligible participants except the President of ALLETE Properties, Inc. The plan bases 25% of financial performance measures on consolidated net income from continuing operations and operating free cash flow, and 75% on these metrics excluding real estate operations. Nonfinancial goals include safety, environmental performance, customer service, reliability, and business support.

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EX-10.A.2 4 ex10a2.txt EXECUTIVE ANNUAL INCENTIVE PLAN 2005 GOALS EXHIBIT 10(a)2 ALLETE EXECUTIVE ANNUAL INCENTIVE PLAN 2005 GOALS For all eligible participants except for the President of ALLETE Properties, Inc., 2005 financial performance measures include a 25% weighting on consolidated Net Income from Continuing Operations (NICO) and Operating Free Cash Flow (OFCF) and a 75% weighting on NICO and OFCF excluding real estate operations. Nonfinancial goals include safety, environmental, customer service and reliability, and business support.