Document:

Wdesk | MDU-12-31-13-Ex10(l)

MDU Resources Group, Inc. Section 16 Officers and Directors 
with Indemnification Agreements Chart 

Section 16 Officers 

	
			
	Name 
	Title 
	Date of Agreement 

	David L. Goodin 
	President and Chief Executive Officer, MDU Resources Group, Inc. 
	August 12, 2010 

	Steven L. Bietz 
	President and Chief Executive Officer, WBI Holdings, Inc. 
	August 12, 2010 

	William R. Connors 
	Vice President - Renewable Resources, MDU Resources Group, Inc. 
	August 12, 2010 

	Mark A. Del Vecchio 
	Vice President - Human Resources, MDU Resources Group, Inc. 
	August 12, 2010 

	Nicole A. Kivisto 
	Vice President, Controller and Chief Accounting Officer, MDU Resources Group, Inc. until
January 3, 2014 
	August 12, 2010 

	Cynthia J. Norland 
	Vice President - Administration, MDU Resources Group, Inc. 
	August 12, 2010 

	Paul K. Sandness 
	General Counsel and Secretary, MDU Resources Group, Inc. 
	August 12, 2010 

	Doran N. Schwartz 
	Vice President and Chief Financial Officer, MDU Resources Group, Inc. 
	August 12, 2010 

	John P. Stumpf 
	Vice President - Strategic Planning, MDU Resources Group, Inc. 
	August 12, 2010 

	Douglass A. Mahowald 
	Treasurer and Assistant Secretary, MDU Resources Group, Inc. 
	August 12, 2010 

	J. Kent Wells
	Vice Chairman, MDU Resources Group, Inc.; President and Chief Executive Officer, Fidelity Exploration & Production Company
	May 2, 2011

	K. Frank Morehouse
	President and Chief Executive Officer, Montana-Dakota Utilities Co., Great Plains Natural Gas Co., Cascade Natural Gas Corporation, and Intermountain Gas Company 
	January 4, 2013

	David C. Barney
	President and Chief Executive Officer, Knife River Corporation
	May 16, 2013

	Jeffrey S. Thiede
	President and Chief Executive Officer, MDU Construction Services Group, Inc.
	May 16, 2013

	Dennis L. Haider
	Executive Vice President - Business Development, MDU Resources Group, Inc.
	June 1, 2013

	Nathan W. Ring
	Vice President, Controller and Chief Accounting Officer, MDU Resources Group, Inc. effective January 3, 2014
	January 3, 2014

Directors 

	
			
	Name 
	Title 
	Date of Agreement 

	Harry J. Pearce 
	Chairman of the Board of Directors 
	August 12, 2010 

	David L. Goodin
	Director 
	August 12, 2010

	Thomas Everist 
	Director 
	August 12, 2010 

	Karen B. Fagg 
	Director 
	August 12, 2010 

	Mark A. Hellerstein
	Director
	August 1, 2013

	A. Bart Holaday 
	Director 
	August 12, 2010 

	Dennis W. Johnson 
	Director 
	August 12, 2010 

	Thomas C. Knudson 
	Director 
	August 12, 2010 

	William E. McCracken 
	Director 
	August 1, 2013 

	Patricia L. Moss 
	Director 
	August 12, 2010 

	J. Kent Wells
	Director 
	May 2, 2011

	John K. Wilson 
	Director 
	August 12, 2010Wdesk | MDU-12-31-13-Ex10(aa)

    
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:

		
	1.
	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

	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

	
		
	Participating Affiliate
	Current Effective Date
(Original Effective Date)2

	Intermountain Gas Company
	January 1, 2011

	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

	Prairielands Energy Marketing, Inc.
	January 1, 2012

	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

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

	
		
	Participating Affiliate
	Current Effective Date
(Original Effective Date)2

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

	WHC, Ltd.
	September 1, 2001

1Eligible 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.
2In 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.
3Requirement to be an Active Employee on the last day of the Plan Year does not apply.
4The 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.

Explanation: This amendment removes Bell Electrical Contractors, Inc. as a Participating Affiliate, as a result of standardizing benefits with other MDU Construction Services, Group, Inc. (“CSG”) companies.

		
	2.
	By replacing the table in Section D‐2‐2 Eligibility to Share in the Retirement Contribution of Supplement D-2,  Provisions Relating to the Retirement Contribution Feature for Certain Participating Affiliates, in its entirety, with the following:

	
			
	Participating Affiliate
	Current Effective Date (Original Effective Date)
	Retirement Contribution Amount - Percentage of Compensation

	Cascade Natural Gas Corporation (non-bargaining)
	January 1, 2011
(July 2, 2007)
	5%

	Cascade Natural Gas Corporation (Field Operations Bargaining Unit employees hired on or after 1/1/2007)
	July 2, 2007
	4%

	Fidelity Exploration & Production Company2
	January 1, 2006  (July 2, 2001)
	5%

	Great Plains Natural Gas Co.
	January 1, 2003
	5%

	
			
	Participating Affiliate
	Current Effective Date (Original Effective Date)
	Retirement Contribution Amount - Percentage of Compensation

	Intermountain Gas Company
	January 1, 2011
(October 12, 2008)
	5%

	Oregon Electric Construction, Inc.
	March 7, 2011
	6%

	Rocky Mountain Contractors, Inc. (Union)3
	January 1, 2008
	3%

	Rocky Mountain Contractors, Inc.
	January 1, 2005
	5%

	WBI Energy Midstream, LLC1
	July 1, 2012 (January 1, 2001)
	5%

1The following participants of WBI Energy Midstream, LLC are excluded:, Grady Breipohl, Jon Forbes, Richard Guderjahn, Steven Haag, Raymond Harms, Wade Hasler, Douglas Henry, Pamela Lynn, Todd Mandeville, Marlin Mogan, and Dale Sudbrack due to participation in the appropriate pension plan replacement contribution.
2The following participants of Fidelity Exploration & Production Company are excluded: Harlan R. Jirges, Marvin E. Rygh, Judy A. Schmitt, and Dennis M. Zander due to participation in the appropriate pension plan replacement contribution.
3Requirement to be compensated for 1,000 hours of service does not apply to Rocky Mountain Contractors, Inc. (Union).

		
	3.
	By replacing the following entry in Schedule A:

Bell Electrical Contractors, Inc. (“Bell”) shall not make a matching contribution of each Bell employee’s participating savings contribution.
Effective November 1, 2001 - December 31, 2013
 ***************************************
Explanation: This amendment provides an end date to the matching contribution provisions for this division as a result of adopting the standard match provisions of Section 3.3(a), due to standardizing benefits with other CSG companies.

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   31st   day of December, 2013.

	
					
	 
	 
	 
	MDU RESOURCES GROUP, INC.

	 
	 
	 
	    EMPLOYEE BENEFITS COMMITTEE

	 
	 
	 
	 
	 

	 
	 
	 
	By:  /s/ Doran N. Schwartz                        

	 
	 
	 
	       Doran N. Schwartz, ChairmanWdesk | MDU-12-31-13-Ex10(ab)

	
					
	INTERNAL CORRESPONDENCE    
	 
	LOCATION
	Corporate Campus                 

	 
	 
	 
	DATE
	May 16, 2013                    

	 
	 
	 
	WRITER
	David L. Goodin                    

	 
	 
	 
	SUBJECT 
	Promotion                               

                        
                                

Jeff Thiede
MDU Construction Services Group, Inc.    

I am pleased to offer you the position of President and Chief Executive Officer of MDU Construction Services Group (“CSG”).  This position will report to me and will be a member of the Management Policy Committee.  Your leadership in continuing to drive high returns on invested capital at CSG along with helping to leverage our talents across all business units to grow our whole corporation is critical.  I have every confidence in your abilities to build on past successes and to keep the momentum going.

This position is a Section 16 officer, effective May 16, 2013.  

The Compensation Committee of the Board of Directors determined your pay package with input from me.  It is a regular, full-time position terminable at will by either party that includes the following terms:

		
	•
	Effective Date:  The effective date of the promotion is April 30, 2013.

		
	•
	Salary Grade and Base Salary:  Your salary grade will increase from “H” to “J”, and your base salary will increase 16.67 percent, from $330,000 annually to $385,000 annually.  Future salary increases will be determined by the Compensation Committee, and the timing of such increases is typically in November to become effective the following January.  

		
	•
	EICP:  Your Executive Incentive Compensation Plan (EICP) target award will remain at 90 percent of base salary for 2013.  Your 2013 EICP will be calculated using your prorated 2013 base salary (i.e., four months at an annualized salary of $330,000 and eight months at an annualized salary of $385,000).  For 2014, 2015, 2016 and 2017, I will recommend to the Compensation Committee that your EICP target will decrease from the current 90 percent of base salary to 85 percent, 80 percent, 75 percent and 65 percent of base salary, respectively.  The 65 percent of base salary would be consistent with other current executives in this salary grade.  I will be recommending to the Compensation Committee that your Long-Term Incentive target be gradually increased to 90 percent of base salary which is discussed below.

In terms of your EICP performance measures, your 2013 EICP results will be tied to CSG’s earnings, and we will use the earnings levels and associated payment levels approved at the November, 2012 Compensation Committee meeting.  In future years, your measures will be structured consistent with the other Business Unit President and CEOs’, which is currently 75 percent of the EICP target tied to their Business Unit’s financial results and 25 percent of the EICP target tied to MDUR’s EPS.  

Long-Term Performance Based Incentive Plan (Performance Shares):  I will recommend to the Compensation Committee that your targeted Performance Share Award for 2014 will be 60 percent of base salary.  This grant would be made in February 2014.  For 2015, 2016 and 2017, I will recommend that your Long-Term Incentive target increase to 70 percent, 

80 percent and 90 percent of base salary, respectively.  Mark Del Vecchio will be discussing with you how the incentive program works.  

		
	•
	Benefits:  Your current employee benefits package will not change, and you will continue to participate in the various plans consistent with CSG Corporate status.

		
	•
	Non-Qualified Defined Contribution Plan (NQDCP):  Recall that you began participating in the NQDCP on January 1, 2013.  As a reminder, the NQDCP is an executive retirement program whereby the Company credits to an account in your name at New York Life (“NYL”), and you can invest the account balance in a number of investment vehicles.  After four years of continuous employment from the date of the Company’s initial credit, the credit and any investment earnings (or losses) become “vested” and will be distributed to you in accordance with the distribution election you made upon joining the NQDCP.

At the Compensation Committee’s November, 2013 meeting, I will recommend that the Compensation Committee credit $75,000 to your NYL account effective January 1, 2014.  Additional account credits after 2014 will be considered by the Compensation Committee each year thereafter.  Please note that the January 1, 2014, account credit (if approved), and any subsequent account credits, are made pursuant to the terms of the Plan, including the aforementioned four-year employment requirement.

		
	•
	Relocation:  As we discussed, my expectation is that Bismarck is intended to be your headquarters.  However, given your current situation I did agree to you basing out of the Portland area for now and that we will revisit the location over the next 12 months.  Longer term I feel Bismarck is the appropriate location. 

		
	•
	Background Check:  As you are now leading the CSG Business Unit, we will be conducting a background check to ensure we are setting a proper “tone at the top”.

		
	•
	Complete Agreement:  This outlines the complete agreement of the compensation related terms and conditions of your employment.  This supersedes any prior agreements or understandings.

The forgoing information is for overview purposes, and the specific terms and conditions of each program is outlined in the appropriate plan documents and/or award letters.  

Jeff, congratulations on your increased roles and responsibilities.  I am grateful to have you on the leadership team and look forward to many future successes.

	
								
	 
	 
	 
	 
	Sincerely,
	 

	 
	 
	 
	 
	/s/ David L. Goodin
	 

	 
	 
	 
	 
	David L. Goodin
	 

	 
	 
	 
	 
	President and Chief
	 

	 
	 
	 
	 
	   Executive Officer
	 

	 
	 
	 
	 
	MDU Resources Group, Inc.
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	cc:    D. Anderson    
	 
	M. Del Vecchio
	 
	    F. Richard

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