ALLETE Non-Management Director Compensation Summary Effective May 1, 2010
Contract Categories:
Human Resources
- Compensation Agreements
EX-10.B 4 exhibit_10b.htm ALLETE NON-MANAGEMENT DIRECTOR COMPENSATION exhibit_10b.htm
Exhibit 10(b)
ALLETE, INC.
NON-MANAGEMENT DIRECTOR COMPENSATION
Effective May 1, 2010
| Board Retainers (1) (2) Stock Cash | $60,000 $30,000 |
| 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 $30,000 $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. |
