Compensation Summary for Susan Martin as General Counsel & Corporate Secretary

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation package for Susan Martin in her role as General Counsel and Corporate Secretary. It details her base salary, target short-term incentive award, estimated values for stock options, restricted stock, and performance units, totaling $1,296,000. Ms. Martin is also eligible for participation in the company's pension and retirement plans, as well as executive benefits such as financial planning, life insurance, and annual physicals, similar to other Executive Vice Presidents.

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EX-10.1 2 wec03312012ex101.htm WEC EXHIBIT 10.1 WEC 03.31.2012 EX 10.1

Exhibit 10.1

NAME
 
Susan Martin
 
POSITION
 
General Counsel & Corp. Secretary
Base Salary
 
$
405,000

 
2012 STPP AWARD*
 
 
 
Target Award (70%)
 
$
283,500

 
2013 STOCK OPTIONS**
 
 
 
Theoretical Value
 
$
91,125

 
2013 RESTRICTED STOCK**
 
 
 
Market Value
 
$
91,125

 
2013 PERFORMANCE UNITS**
 
 
 
Market Value
 
$
425,250

 
TOTAL VALUE OF PAY PROGRAM*
 
$
1,296,000

 
* Reflects post-promotion value
 
 
 
** Estimated value: Reflects post-promotion award based on today's market
 
 
 
 
 
Note: Ms. Martin is entitled to participate in the company's pension plan and other retirement plans. In addition, Ms. Martin is eligible for an executive financial planning benefit, executive life insurance and executive annual physical benefit on a basis commensurate with other Executive Vice Presidents of the company.