2015 Target Performance Share Unit Award Formula for Named Executive Officers of Ameren Corporation

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document outlines the formula used to determine the number of 2015 target performance share unit (PSU) awards for certain executive officers of Ameren Corporation. The number of PSUs each executive receives is calculated by multiplying their base salary as of January 1, 2015, by a specified long-term incentive target percentage, and then dividing by the average closing price of Ameren Corporation's common stock during December 2014. The document lists the applicable incentive percentages for each named executive officer.

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EX-10.24 4 aee-exhibit1024.htm FORMULA FOR DETERMINING 2015 TARGET PERFORMANCE SHARE UNIT AWARDS AEE 2014 10-K Exhibit 10.24
EXHIBIT 10.24


FORMULA FOR DETERMINING 2015 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 2015 will be determined in accordance with the following formula:

2015 Target Number PSU Awards
=
Base Salary
as of 1/1/15
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 2014


NAMED EXECUTIVE OFFICER
LONG-TERM INCENTIVE
TARGET AS PERCENT OF BASE SALARY
Baxter
350%
Lyons
185%
Naslund
150%
Nelson
160%
Moehn
165%
Mark
165%
Diya
140%
Cole
140%
Steinke
100%