EX-10.(F)5 2 ex10f512-31x2012.htm EXEC ANNUAL INCENTIVE PLAN FORM OF AWARD
Exhibit 10(f)5
ALLETE Executive Annual Incentive Plan
Form of Award
Effective 2013
[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 | 37.5% | $
Below Threshold | —% | $

Goals

|  |  |  |  |  | Goal
|  |  |  |  |  | Weighting
Financial Goals |  |  |  |  |
| Net Income | 50%
| Cash from Operating Activities |  | 25%
Strategic & Operational Positioning Goals |  |  | 25%
|  |  |  |  | 100%

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