MDU Resources Group, Inc. 2009 NEO Annual Incentive Award Payment Chart
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Summary
This document outlines the 2009 annual incentive awards for key executives of MDU Resources Group, Inc. and its subsidiaries. It lists the base salary, threshold, target, and maximum incentive amounts, as well as the actual incentive earned for each named executive officer. The chart also notes special adjustments, such as an additional payment for one executive and a reduction based on safety goal performance. The agreement sets out the financial incentives tied to executive performance for the year 2009.
EX-10.1 2 ex10-1.htm EXHIBIT 10.1 ex10-1.htm
Exhibit 10.1
Exhibit 10.1
MDU Resources Group, Inc.
2009 NEO Annual Award Opportunity and Payment Chart
| Name | Title | 2009 Base Salary ($) | Threshold ($) | Target ($) | Maximum ($) | 2009 Annual Incentive Earned ($) |
| Terry D. Hildestad | President and Chief Executive Officer MDU Resources Group, Inc. | 750,000 | 187,500 | 750,000 | 1,500,000 | 1,500,000 |
| Vernon A. Raile | Executive Vice President, Treasurer and Chief Financial Officer MDU Resources Group, Inc. | 450,000 | 73,125 | 292,500 | 585,000 | 585,000 |
| John G. Harp | President and Chief Executive Officer MDU Construction Services Group, Inc. | 450,000 | 73,125 | 292,500 | 585,000 | 392,5001 |
| William E. Schneider | President and Chief Executive Officer Knife River Corporation | 447,400 | 72,703 | 290,810 | 581,620 | 581,620 |
| Steven L. Bietz | President and Chief Executive Officer WBI Holdings, Inc. | 350,000 | 56,875 | 227,500 | 455,000 | 450,4502 |
| (1) | Includes payment of an additional $100,000 in connection with Mr. Harp’s additional 2009 incentive. |
| (2) | WBI Holdings, Inc. met four of five safety goals, resulting in a reduction of 1% or $4,550 to Mr. Bietz’s 2009 annual incentive earned. |
