2014 Performance Share Unit Award Formula Agreement for Ameren Corporation Named Executive Officers

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document outlines how Ameren Corporation will determine the number of 2014 performance share unit (PSU) awards for its named executive officers. The calculation is based on each officer's base salary as of January 1, 2014, multiplied by a specified long-term incentive target percentage, and divided by the average closing price of Ameren's common stock in December 2013. The agreement lists the applicable incentive percentages for each executive. One executive, Mr. Sullivan, is excluded due to his employment ending before the award date.

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EX-10.2 3 aee-exhibit102.htm FORMULA FOR DETERMING 2014 TARGET PERFORMANCE SHARE UNIT AWARDS AEE-2014 Q1-Exhibit 10.2
Exhibit 10.2


FORMULA FOR DETERMINING 2014 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 2014 will be determined in accordance with the following formula:

2014 Target Number PSU Awards
=
Base Salary
as of 1/1/14
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 2013


NAMED EXECUTIVE OFFICER
LONG-TERM INCENTIVE
TARGET AS PERCENT OF BASE SALARY
Voss
325%
Lyons
175%
Baxter
175%
Sullivan
N/A1
Naslund
150%
Nelson
160%


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1 Mr. Sullivan’s employment with the Company terminated as of December 2, 2013 and, accordingly, he did not receive a 2014 PSUP award.