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

Contract Categories: Business Finance - Stock Agreements
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.