ALLETE, INC. Non-Management Director Compensation Effective January 1, 2012 Board Retainers (1) (2)StockCash $60,000$45,000Committee Cash Retainers (1) (2)AuditExecutive CompensationCorporate Governance & Nominating $9,000$7,500$7,500Chair Cash Retainers (1) (2)AuditExecutive CompensationCorporate Governance & Nominating $8,500$5,500$4,500 Lead Director (1) (2) (3)Board Stock RetainerBoard Cash RetainerLead Director Cash Retainer $60,000$45,000$25,000 Board Chairman (1) (2) (3)Board Stock RetainerBoard Cash Retainer $90,000$85,000
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EX-10.(N)10 5 exhibit10n1012-31x2011.htm ALLETE NON-MANAGEMENT DIRECTOR COMPENSATION EFFECTIVE JANUARY 2012 Exhibit 10(n)10 12-31-2011
Exhibit 10(n)10
ALLETE, INC.
Non-Management Director Compensation
Effective January 1, 2012
Board Retainers (1) (2) Stock Cash | $60,000 $45,000 |
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 | $8,500 $5,500 $4,500 |
Lead Director (1) (2) (3) Board Stock Retainer Board Cash Retainer Lead Director Cash Retainer | $60,000 $45,000 $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.