ALLETE Executive Annual Incentive Plan Form of Award Effective 2017 [Eligible Executive Employees, except CEO] Target Award Opportunity Base Salary$TimesAward Opportunity (percent of base salary)%EqualsTarget Award $ Performance Levels and Award Amounts Goal Performance LevelPayout as Percent of Target AwardAward Amount Superior200% $Target100% $Threshold37.5% $Below Threshold0% $ Goals GoalWeightingFinancial GoalsNet Income 25%Cash from Operating Activities25%Strategic & Operational Positioning Goals50%100% Compensation Subject to Compensation Recovery Policy

Contract Categories: Human Resources - Bonus & Incentive Agreements
EX-10.E6 2 exhibit10e612-31x2016.htm EXHIBIT 10.E6 Exhibit
Exhibit 10(e)6

ALLETE Executive Annual Incentive Plan
Form of Award
Effective 2017
[Eligible Executive Employees, except 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%

Compensation Subject to Compensation Recovery Policy

Annual Incentive Plan Compensation is subject to recoupment as defined in the Compensation Recovery policy.