2016 Performance Share Unit Award Formula for Named Executive Officers of Ameren Corporation

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document outlines how Ameren Corporation will determine the number of 2016 performance share unit (PSU) awards for its named executive officers. The calculation is based on each officer's base salary as of January 1, 2016, multiplied by a specified long-term incentive target percentage, and divided by the average closing price of Ameren's common stock during December 2015. The document lists the applicable incentive target percentages for each executive. This formula sets the framework for awarding equity-based compensation to the company's top executives for 2016.

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EX-10.24 6 aee-exhibit1024.htm FORMULA FOR DETERMINING 2016 TARGET PERFORMANCE SHARE UNIT AWARDS Exhibit
EXHIBIT 10.24



FORMULA FOR DETERMINING 2016 TARGET PERFORMANCE SHARE UNIT
AWARDS TO BE ISSUED TO NAMED EXECUTIVE OFFICERS
The target number of performance share units to be issued to each Named Executive Officer listed below for 2016 will be determined in accordance with the following formula:

2016 Target Number PSU Awards
=
Base Salary
as of 1/1/16
x
Long‑Term Incentive Target listed below
Average closing price of Ameren Corporation Common Stock on The New York Stock Exchange for each trading day in December 2015


NAMED EXECUTIVE OFFICER
LONG-TERM INCENTIVE
TARGET AS PERCENT OF BASE SALARY
Baxter
350%
Lyons
195%
Nelson
160%
Moehn
180%
Mark
170%
Diya
140%
Cole
140%
Steinke
100%