ALLETE, INC. Non-Employee Director Compensation Effective January 1, 2014 Board Retainers (1) (2)StockCash $65,000$50,000Committee 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 $65,000$50,000$25,000 Board Chairman (1) (2) (3)Board Stock RetainerBoard Cash Retainer $90,000$85,000
EX-10.L4 7 exhibit10l412-31x2013.htm EXHIBIT 10L4 Exhibit 10(l)4 12-31-2013
Exhibit 10(l)4
ALLETE, INC.
Non-Employee Director Compensation
Effective January 1, 2014
Board Retainers (1) (2) Stock Cash | $65,000 $50,000 |
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 | $65,000 $50,000 $25,000 |
Board Chairman (1) (2) (3) Board Stock Retainer Board Cash Retainer | $90,000 $85,000 |
(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 and Board Chairman are not eligible for other committee or chair retainers. |
