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Constraining | ||
Legalese | ||
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8th grade Avg
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New words:
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Removed:
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Filing tables
Filing exhibits
- 10-K Annual report
- 4 27TH Supplemental Indenture
- 4 Ninth Supplemental Indenture
- 4 Tenth Supplemental Indenture
- 10 Allete Executive Long-term Incentive Compensation Plan Effective 2008
- 10 Change In Control Severance Plan
- 12 Computation of Ratios of Earnings to Fixed Charges
- 21 Subsidiaries of the Registrant
- 23 Consent of PWC
- 23 Consent of General Counsel
- 31 CEO 302 Certification
- 31 CFO 302 Certification
- 32 CEO and CFO 906 Certification
- 99 2007 News Release
ALE similar filings
Filing view
External links
Exhibit 10(m)10
ALLETE 2007 Form 10-K
ANNEX B
TO
ALLETE
EXECUTIVE LONG TERM INCENTIVE COMPENSATION PLAN
PERFORMANCE SHARE GRANT
Effective 2008
[Eligible Executive Employees]
Financial Measure:
Total Shareholder Return (TSR) computed over the three-year period.
Performance Share Award:
If ALLETE’s TSR ranking is 3rd or higher among a peer group of 16 companies (superior performance), 200% of the Performance Share Grant will be earned. If ALLETE’s TSR performance ranks 9th among the peer group (target performance), 100% of the Grant will be earned. If ALLETE’s TSR performance ranks 12th (threshold performance), 50% of the Grant will be earned. If TSR performance is below threshold, no Performance Shares will be earned. Straight-line interpolation will be used to determine earned awards based on the TSR ranking between threshold, target and superior.
TSR Rank | Perf. Level | Payout % | |
1 | 200.0% | ||
2 | 200.0% | ||
3 | Superior | 200.0% | |
4 | 183.3% | ||
5 | 166.7% | ||
6 | 150.0% | ||
7 | 133.3% | ||
8 | 116.7% | ||
9 | Target | 100.0% | |
10 | 83.3% | ||
11 | 66.7% | ||
12 | Threshold | 50.0% | |
13 | 0% | ||
14 | 0% | ||
15 | 0% | ||
16 | 0% | ||
17 | 0% |