MDU Resources Group, Inc. 2010 Performance Share Award Opportunity Chart

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document outlines the 2010 performance share award opportunities for key executives of MDU Resources Group, Inc. and its subsidiaries. It specifies the number of shares and dividend equivalents that each executive may receive at threshold, target, and maximum performance levels. The awards are contingent on company performance, and one executive, Vernon A. Raile, is excluded due to his retirement. The chart provides a clear breakdown of potential compensation based on performance outcomes.

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EX-10.3 4 ex10-3.htm EXHIBIT 10.3 ex10-3.htm

 
 
 
 
 
 
 
 
 
Exhibit 10.3
 
 
 
 
 
 
 


 
 
 

Exhibit 10.3
 
MDU Resources Group, Inc.
2010 Performance Share Award Opportunity Chart
 
 


   
Threshold
Target
Maximum
Name
Title
Shares
 
(#)
Dividend
Equivalents
($)
Shares
 
(#)
Dividend
Equivalents
($)
Shares
 
(#)
Dividend
Equivalents
($)
Terry D. Hildestad
President and Chief Executive Officer
MDU Resources Group, Inc.
4,771
9,017
47,709
90,170
95,418
180,340
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.
827
1,563
8,269
15,628
16,538
31,257
John G. Harp
President and Chief Executive Officer
MDU Construction Services Group, Inc.
1,718
3,247
17,175
32,461
34,350
64,922
William E. Schneider
President and Chief Executive Officer
Knife River Corporation
1,708
3,228
17,076
32,274
34,152
64,547
Steven L. Bietz
President and Chief Executive Officer
WBI Holdings, Inc.
1,336
2,525
13,358
25,247
26,716
50,493
 
 
(1)         Mr. Raile received no award due to his retirement on February 16, 2010.