ALLETE Non-Employee Director Compensation Summary effective January 1, 2020
Contract Categories:
Human Resources
- Compensation Agreements
EX-10.K(3) 6 exhibit10k312-31x2020.htm EX-10.K(3) Document
Exhibit 10(k)3
ALLETE, INC.
Non-Employee Director Compensation
Effective January 1, 2020
Board Retainers (1) (2) Stock Cash | $93,000 $75,000 | ||||
Committee Cash Retainers (1) (2) Audit Executive Compensation Corporate Governance & Nominating | $9,000 $7,500 $7,500 | ||||
Chair Cash Retainers (1) (2) Audit Executive Compensation Corporate Governance & Nominating | $10,000 $7,500 $5,000 | ||||
Lead Director (1) (2) (3) Board Stock Retainer Board Cash Retainer Lead Director Cash Retainer | $93,000 $75,000 $40,000 | ||||
(1) Cash and stock retainers may be deferred under the Director Compensation Deferral Plan II.
(2) Cash retainers may be elected to be received in ALLETE stock.
(3) Lead Director is not eligible for other committee or chair retainers.
