MDU Resources Group, Inc. 2010 Executive Annual Award Opportunity Chart

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document outlines the 2010 annual incentive award opportunities for key executives of MDU Resources Group, Inc. and its subsidiaries. It lists the base salary and potential incentive payouts at threshold, target, and maximum levels for each executive, based on performance. One executive, Mr. Raile, is excluded due to retirement, and Mr. Bietz's award is subject to additional performance goals related to safety. The chart sets clear financial incentives tied to company and individual performance for the year.

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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.
2010 Annual Award Opportunity Chart
 
 
Name
Title
2010
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
Vernon A. Raile1
Executive Vice President, Treasurer and Chief Financial Officer
MDU Resources Group, Inc.
 
–
–
–
–
Doran N. Schwartz
Vice President and Chief Financial Officer
MDU Resources Group, Inc.
 
252,675
31,270
125,079
250,158
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. Bietz2
President and Chief Executive Officer
WBI Holdings, Inc.
 
350,000
56,875
227,500
455,000
(1)    Mr. Raile received no award due to his retirement on February 16, 2010.
 
 
(2)
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%.