MDU Resources Group, Inc. 2011 Executive Annual Incentive Award Opportunity Chart

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document outlines the 2011 annual incentive award opportunities for key executives of MDU Resources Group, Inc. and its subsidiaries. It lists the base salary and the threshold, target, and maximum potential incentive awards for each executive. For one executive, Steven L. Bietz, the award is subject to reduction if certain safety performance goals are not met. The chart is intended to communicate the structure and potential payouts of the annual incentive compensation program for these executives.

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EX-10.1 2 ex10_1.htm EXHIBIT 10.1 ex10_1.htm
 
 

Exhibit 10.1


 
 
 

Exhibit 10.1



MDU Resources Group, Inc.
2011 Annual Award Opportunity Chart


Name
Title
2011
Base
Salary
($)
Threshold
($)
Target
($)
Maximum
($)
           
Terry D. Hildestad
President and Chief Executive Officer
MDU Resources Group, Inc.
750,000
187,500
750,000
1,500,000
Doran N. Schwartz
Vice President and Chief Financial Officer
MDU Resources Group, Inc.
273,000
34,125
136,500
273,000
John G. Harp
President and Chief Executive Officer
MDU Construction Services Group, Inc.
450,000
73,125
292,500
585,000
William E. Schneider
President and Chief Executive Officer
Knife River Corporation
447,400
72,703
290,810
581,620
Steven L. Bietz1
President and Chief Executive Officer
WBI Holdings, Inc.
360,500
58,581
234,325
468,650

 
(1)
Mr. Bietz also has five individual performance goals relating to WBI Holdings, Inc.’s safety results, and each goal that is not met will reduce his annual incentive award payment by 1%.