ALLETE Executive Annual Incentive Plan Form of Award Effective 2020

EX-10.(E)8 4 exhibit10e812-31x2019.htm EXHIBIT 10.(E)8 Exhibit

Exhibit 10(e)8

ALLETE Executive Annual Incentive Plan

Form of Award

Effective 2020

[Eligible Executive Employees]

Target Award Opportunity



Base Salary	$

Times

Award Opportunity (percent of base salary)	%

Equals

Target Award	$

Performance Levels and Award Amounts



Goal Performance Level	Payout as Percent of Target Award	Award Amount
Superior	200%	$
Target	100%	$
Threshold	44%	$
Below Threshold	0%	$

Goals



		Goal
		Weighting
Financial Goals
	Net Income	50%
	Cash from Operating Activities	20%

Strategic & Operational & Values Goals		30%
		100%

Compensation Subject to Compensation Recovery Policy

Annual Incentive Plan Compensation is subject to recoupment as defined in the Compensation Recovery policy.