MDU Resources Group, Inc. 2015 Annual Incentive Award Opportunity Chart for Executive Officers
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Summary
This document outlines the 2015 annual incentive award opportunities for key executives of MDU Resources Group, Inc., including the President and CEO, CFO, and other segment leaders. It specifies each executive's base salary and the threshold, target, and maximum incentive award amounts they could earn for the year. The chart also notes that one executive was ineligible due to resignation and that another's award is subject to reduction based on specific safety performance goals. The agreement sets clear financial incentives and performance conditions for the company's leadership team.
EX-10.1 2 exhibit101.htm EXHIBIT 10.1 Wdesk | Exhibit10.1
Exhibit 10.1
MDU Resources Group, Inc.
2015 Annual Incentive Award Opportunity Chart
Name | Position | 2015 Base Salary ($) | Threshold ($) | Target ($) | Maximum ($) |
David L. Goodin | President and Chief Executive Officer of the Company | 755,000 | 188,750 | 755,000 | 1,510,000 |
Doran N. Schwartz | Vice President and Chief Financial Officer of the Company | 380,000 | 61,750 | 247,000 | 494,000 |
J. Kent Wells(1) | Vice Chairman of the Corporation and Chief Executive Officer of E&P segment | 600,000 | — | — | — |
Jeffrey S. Thiede | President and Chief Executive Officer of construction services segment | 425,000 | 85,000 | 340,000 | 680,000 |
Steven L. Bietz(2) | President and Chief Executive Officer of pipeline and energy services segment | 395,000 | 64,188 | 256,750 | 513,500 |
Paul K. Sandness | General Counsel and Secretary of the Company | 366,000 | 54,900 | 219,600 | 439,200 |
(1) Mr. Wells received no award due to his resignation effective February 28, 2015.
(2) Mr. Bietz also has five performance goals relating to the pipeline and energy services segment’s safety results, and each goal that is not met will reduce his annual incentive award payment by 1%.
