ALLETE, INC. Non-Employee Director Compensation Effective January 1, 2015 Board Retainers (1) (2)StockCash $73,000$58,000Committee 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 $73,000$58,000$25,000 Board Chairman (1) (2) (3)Board Stock RetainerBoard Cash Retainer $90,000$85,000

EX-10.L5 6 exhibit10l512-31x2014.htm EXHIBIT 10.L5 Exhibit 10(l)5 12-31-2014
Exhibit 10(l)5

ALLETE, INC.
Non-Employee Director Compensation
Effective January 1, 2015
    
             
Board Retainers (1) (2)
Stock
Cash

$73,000
$58,000
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

$73,000
$58,000
$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.