EX-10.(E)8 4 exhibit10e812-31x2019.htm EXHIBIT 10.(E)8 Exhibit
Exhibit 10(e)8

ALLETE Executive Annual Incentive Plan
Form of Award
Effective 2020
[Eligible Executive Employees]

Target Award Opportunity


Base Salary
$
 
 
Times
 
 
 
Award Opportunity (percent of base salary)
%
 
 
Equals
 
 
 
Target Award
$

Performance Levels and Award Amounts


Goal Performance Level
Payout as Percent of
Target Award
Award Amount
Superior
200%
$
Target
100%
$
Threshold
44%
$
Below Threshold
0%
$


Goals

 
 
 
 
 
 
 
Goal
 
 
 
 
 
 
 
Weighting
 
Financial Goals
 
 
 
 
 
 
 
Net Income
50%
 
 
Cash from Operating Activities
 
20%
 
 
 
 
 
 
 
 
 
Strategic & Operational & Values Goals
 
 
 
30%
 
 
 
 
 
 
 
100%

Compensation Subject to Compensation Recovery Policy

Annual Incentive Plan Compensation is subject to recoupment as defined in the Compensation Recovery policy.