Document:

Exhibit1016Non-EmployeeDirectorCompensationSummary

EXHIBIT 10.16
ITT Corporation 
Board of Directors 
Annual Board of Directors Compensation
	
		
	Annual Retainer (cash)
	$100,000 (paid annually)

	 
	 

	Committee Chair Annual Retainer
	 

	•    Audit Committee
	$15,000 (paid annually)

	•    Compensation Committee
	$10,000 (paid annually)

	•    Governance and Nominating Committee
	$10,000 (paid annually) (1)

	 
	 

	Non-Executive Chairman Annual Retainer
	$125,000 (50% cash; 50% restricted stock units) (paid annually)

	 
	 

	Expenses
	Reimbursed for travel and director education.

	 
	 

	Annual Equity Awards
	Annual grant with a present value of $90,000 made on the date of the Annual Meeting of Shareholders (vests one business day prior to subsequent annual meeting).  The award is in restricted stock units, valued at the fair market value of the underlying stock on the date of grant. This award may be deferred by prior election. Taxable event occurs on vesting date, unless grant is deferred. The number of shares is rounded up to the nearest share.

	 
	 

	New Directors
	All annual compensation is pro-rated for new directors.

Compensation is paid on the date of the Annual Shareholder Meeting (unless deferred by prior election).  
Retainers earned may be paid, at the election of the Director, in cash or deferred cash. Non-Management Directors may irrevocably elect deferral into an interest-bearing account or an account that tracks an index of the Company’s stock.
All Directors and non-employee Directors are covered under a non-contributory group accidental death and dismemberment policy that provides each Director with $1,000,000 of coverage.
All other terms of the Company’s non-employee Director compensation remain as disclosed in the Company’s proxy statement. 

	
		
	 
	 

	(1) To be paid unless the Chair of this committee is also the Non-Executive Chairman.Wdesk | MDU-12-31-14Ex10(ah)

INSTRUMENT OF AMENDMENT TO THE  
MDU RESOURCES GROUP, INC.  
401(k) RETIREMENT PLAN 
The MDU Resources Group, Inc. 401(k) Retirement Plan, (as restated March 1, 2011) (the “Plan”), is hereby further amended as follows, effective as of January 1, 2008, unless otherwise indicated:
		
	1.
	By replacing the definition of “Eligible Employee” with the following definition where such definition occurs in Article I of the Plan:

Eligible Employee – An “Eligible Employee” means each regular full-time Employee or part-time Employee scheduled to work at least 1,000 hours a year who is at least 18 years of age and who is actively employed by the Employer, provided, however, that a part-time Employee scheduled to work less than 1,000 hours a year who completes more than 1,000 hours of service within a twelve-month period beginning on the Employee’s employment date or in any subsequent Plan Year shall be an Eligible Employee.  Notwithstanding the foregoing, an Employee of an Employer shall not be an Eligible Employee during any time when such Employee is 1) eligible to participate in a retirement plan which is a multi-employer plan as defined in Section 3(37) of ERISA to which the Employer contributes, 2) covered by a collectively bargained unit which has not bargained for the Plan for such Employee, 3) classified as a student or intern as defined by the payroll practices of the Employer, or 4) classified as a Temporary Employee, as defined below, except that Davis-Bacon Employees described in Paragraph G-4 of Supplement G to the Plan who are Temporary Employees will become Eligible Employees upon the completion of one Hour of Service.  “Temporary Employee” means an Employee classified as a temporary employee by an Employer and assigned employment status code 5 in the Knife River Corporation payroll system, employment status code 7 in the Montana-Dakota Utilities Co. or WBI Energy, Inc. payroll system, code N in the MDU Construction Services Group, Inc. payroll system, or any successor or equivalent payroll system code.  A student, intern, or Temporary Employee who has completed more than 1,000 hours of service within a twelve-month period ending on or before December 31, 2010 shall be an Eligible Employee.
Explanation: This amendment clarifies a temporary employee in the definition of “Eligible Employee” at the request of the Internal Revenue Service.
		
	2.
	By replacing the term “Compensation” with the term “Section 415 compensation (as defined in Section 3.7)” where the former term appears in the first sentence of Section 11.2(a) of the Plan.

Explanation: This amendment clarifies that top heavy minimum contributions under the Plan are based on Participants’ compensation under Section 415(c)(3) of the Code.
		
	3.
	By replacing the words “must be compensated for 1,000 Hours of Service” with the words “must be credited with 1,000 Hours of Service” where the former words appear in Section D-1-2 Eligibility to Share in the Profit Sharing Feature of Supplement D-1.

Explanation: This amendment clarifies the use of the term “Hours of Service” at the request of the Internal Revenue Service.
		
	4.
	Effective as of January 1, 2010, by replacing the words “compensated for at least 1,000 Hours of Service” with the words “credited with at least 1,000 Hours of Service” wherever the former words appear throughout Supplement D-1 through D-7 and the applicable Addendums.

Explanation: This amendment clarifies the use of the term “Hours of Service” at the request of the Internal Revenue Service.
		
	5.
	Effective as of January 1, 2010, by replacing the words “compensated for 1,000 Hours of Service” with the words “credited with 1,000 Hours of Service” wherever the former words appear throughout Supplement D-1 through D-7 and the applicable Addendums.

Explanation: This amendment clarifies the use of the term “Hours of Service” at the request of the Internal Revenue Service.
		
	6.
	By replacing Section G-10 Contribution Limitation of Supplement G with the following:

G-10    Contribution Limitation.  If the annual additions that would otherwise be allocated to a Davis-Bacon Employee’s Accounts would exceed the limitations described in Section 3.7 of the Plan for any Plan Year, any portion of the excess amount that is attributable to contributions made on behalf of the Davis-Bacon Employee with respect to Davis-Bacon Service shall be corrected in accordance with Section 3.7 of the Plan.
Explanation: This amendment clarifies that excess annual additions under Supplement G are corrected in accordance with Section 3.7 of the Plan. 

IN WITNESS WHEREOF, MDU Resources Group, Inc., as Sponsoring Employer of the Plan, has caused this amendment to be duly executed by a member of the MDU Resources Group, Inc. Employee Benefits Committee (“EBC”) on this 25th day of November 2014.
	
			
	 
	 

	 
	MDU RESOURCES GROUP, INC.   
EMPLOYEE BENEFITS COMMITTEE

	 
	 

	 
	By:
	/s/ Doran N. Schwartz

	 
	 
	Doran N. Schwartz, Chairman

	 
	 

2Wdesk | MDU-12-31-14EX10(ai)

INSTRUMENT OF AMENDMENT TO THE
MDU RESOURCES GROUP, INC.
401(k) RETIREMENT PLAN

The MDU Resources Group, Inc. 401(k) Retirement Plan (as amended and restated March 1, 2011) (the “K-Plan”), is hereby further amended, effective January 1, 2014, unless otherwise indicated, as follows:

By replacing the table in Section D-1-2 Eligibility to Share in the Profit Sharing Feature of Supplement D-1, Provisions Relating to the Profit Sharing Feature for certain Participating Affiliates, in its entirety, with the following:

	
		
	Participating Affiliate
	Current Effective Date
(Original Effective Date)2

	Anchorage Sand & Gravel Company, Inc. (excluding President)
	January 1, 1999

	Baldwin Contracting Company, Inc.
	January 1, 1999

	Capital Electric Line Builders, Inc.1
	January 1, 2014

	Cascade Natural Gas Corporation
	January 1, 2011
(July 2, 2007)

	Concrete, Inc.
	January 1, 2001

	Connolly-Pacific Co.
	January 1, 2007

	DSS Company
	January 1, 2004
(July 8, 1999)

	E.S.I., Inc.
	January 1, 2008
(January 1, 2003)

	Fairbanks Materials, Inc.
	May 1, 2008

	Granite City Ready Mix, Inc.
	June 1, 2002

	Great Plains Natural Gas Co.
	January 1, 2008

	Hawaiian Cement (non-union employees hired after December 31, 2005)
	January 1, 2009

1

	
		
	Participating Affiliate
	Current Effective Date
(Original Effective Date)2

	Intermountain Gas Company
	January 1, 2011

	JTL Group, Inc.5
	January 1, 2014

	Jebro Incorporated
	November 1, 2005

	Kent’s Oil Service4
	January 1, 2007

	Knife River Corporation – Northwest (the Central Oregon Division, f/k/a HTS)
	January 1, 2010
(January 1, 1999)

	Knife River Corporation – Northwest (the Southern Idaho Division)
	January 1, 2010
(January 1, 2006)

	Knife River Corporation – Northwest (the Southern Oregon Division)
	

January 1, 2012

	Knife River Corporation – Northwest (the Spokane Division)
	January 1, 2010
(January 1, 2006)

	Knife River Corporation – Northwest (the Western Oregon Division)
	

January 1, 2012

	Knife River Corporation - South
(f/k/a Young Contractors, Inc.)
	January 1, 2008
(January 1, 2007)

	LTM, Incorporated
	January 1, 2003

	Montana-Dakota Utilities Co. (including union employees)
	January 1, 2008

	Oregon Electric Construction, Inc.3
	March 7, 2011

	Wagner Industrial Electric, Inc.
	

January 1, 2008

	Wagner Smith Equipment Co.
	January 1, 2008
(July 1, 2000)

	WBI Energy, Inc.1/3
	May 1, 2012

2

	
		
	Participating Affiliate
	Current Effective Date
(Original Effective Date)2

	WBI Energy Midstream, LLC1/3
	July 1, 2012
(January 1, 2001)

	WBI Energy Midstream Utah, LLC1/3
	August 1, 2014

	WBI Energy Transmission, Inc.1/3
	July 1, 2012
(January 1, 2009)

	WHC, Ltd.
	September 1, 2001

1/Eligible employees participating in a management incentive compensation plan or an executive incentive compensation plan are not eligible for a Profit Sharing Contribution. Employees of the WBI Energy Corrosion Services division of WBI Energy Midstream, LLC are excluded from this feature.
2/In the event a Participating Affiliate adopts a Profit Sharing Feature on a date other than January 1, effective as of the date of participation in the Plan, the amount of any such contribution allocated to a Supplement D‐1 Participant shall be based upon Compensation, received while in the employ of the Participating Affiliate after the date of acquisition by the Company or any Affiliate.
3/Requirement to be an Active Employee on the last day of the Plan Year does not apply.
4/The following participants of Kent’s Oil Service are granted vesting service for prior years of service with Spirit Road Oils: Isaias Jaimes, Hideo Lewis, Christopher Niffenegger, Jose Padilla, George Velador, and Anthony Willis.
5/Eligible JTL Casper hourly employees (both union and nonunion), including those employees who  participate in the Operating Engineers Local No. 800 & The Wyoming Contractors’ Association, Inc. Pension Trust Fund for Wyoming (JTL MEP employees).

Explanation: This amendment adds JTL Group, Inc. (JTL) as a Participating Affiliate in Supplement D-1 (Profit Sharing Feature) of the K-Plan as of January 1, 2014 due to its desire to participate in the Profit Sharing Feature for its Casper hourly employees (union and nonunion), including those who participate in the Operating Engineers Local No. 800 & The Wyoming Contractors’ Association, Inc. Pension Trust Fund for Wyoming.

IN WITNESS WHEREOF, MDU Resources Group, Inc., as Sponsoring Employer of the Plan, has caused this amendment to be duly executed by a member of the MDU Resources Group, Inc. Employee Benefits Committee (“Committee”) on this 11th day of December, 2014.

	
			
	 
	 

	 
	MDU RESOURCES GROUP, INC. 

	 
	EMPLOYEE BENEFITS COMMITTEE

	 
	 

	 
	By:
	/s/ Doran N. Schwartz

	 
	 
	Doran N. Schwartz, Chairman

	 
	 

3

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