ALLETE, INC. Non-Employee Director Compensation Effective January 1, 2017 Board Retainers (1) (2)StockCash $77,000$62,000Committee Cash Retainers (1) (2)AuditExecutive CompensationCorporate Governance & Nominating $9,000$7,500$7,500Chair Cash Retainers (1) (2)AuditExecutive CompensationCorporate Governance & Nominating $10,000$7,500$5,000 Lead Director (1) (2) (3)Board Stock RetainerBoard Cash RetainerLead Director Cash Retainer $77,000$62,000$25,000
EX-10.K3 7 exhibit10k312-31x2016.htm EXHIBIT 10.K3 Exhibit
Exhibit 10(k)3
ALLETE, INC.
Non-Employee Director Compensation
Effective January 1, 2017
Board Retainers (1) (2) Stock Cash | $77,000 $62,000 |
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 | $77,000 $62,000 $25,000 |
(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. |
