ALLETE, INC. Non-Management Director Compensation Effective January 19, 2011
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EX-10.N9 9 exhibit_10n9.htm ALLETE, INC. NON-MANAGEMENT DIRECTOR COMPENSATION EFFECTIVE JAN 19, 2011 exhibit_10n9.htm
Exhibit 10(n)9
ALLETE, INC.
Non-Management Director Compensation
Effective January 19, 2011
| Board Retainers (1) (2) Stock Cash | $60,000 $35,000 |
| 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 $35,000 $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. |
