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EXHIBIT 10(m)9
ALLETE 2006 FORM 10-K
ALLETE
EXECUTIVE LONG-TERM INCENTIVE COMPENSATION PLAN
STOCK GRANT
EFFECTIVE 2007
[ELIGIBLE EXECUTIVE EMPLOYEES]
Name
SS #
In accordance with the terms of ALLETE's Executive Long-Term
Incentive
Compensation Plan (the "Plan"), as determined by and through the
Executive
Compensation Committee of ALLETE's Board of Directors, ALLETE
hereby grants to
you (the "Participant") the right to receive ALLETE Common Stock,
as set forth
below, subject to the terms and conditions set forth in this Grant
(including
Annex A hereto and all documents incorporated herein by
reference):
Number of Shares of ALLETE Common Stock:
Date
of Grant:
Vesting Period:
This Grant is made in accordance with the Plan, which was approved
by ALLETE's
shareholders at the 2005 Annual Meeting.
Further terms and conditions of the Grant are set forth in Annex A
hereto, which
is an integral part of this Grant.
All terms, provisions and conditions set forth in the Plan and not
set forth
herein are incorporated by reference. To the extent any provision
hereof is
inconsistent with a provision of the Plan, the provisions of the
Plan will
govern.
IN WITNESS WHEREOF, ALLETE has caused this Grant to be executed by
its Chairman,
President and Chief Executive Officer as of the date and year first
above
written.
ALLETE
By:
-------------------------------------
Chairman, President and CEO
Attachment: Annex
A
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ANNEX A
TO
ALLETE
EXECUTIVE LONG-TERM INCENTIVE COMPENSATION PLAN
STOCK GRANT
EFFECTIVE 2007
[ELIGIBLE EXECUTIVE EMPLOYEES]
1.
FURTHER
TERMS AND CONDITIONS OF STOCK GRANT. The Grant of Shares
evidenced by the Grant to which this is annexed is subject to the
following
additional terms and conditions:
(a)
DIVIDEND
EQUIVALENTS. The Participant shall not receive Dividend
Equivalents with respect to the number of Shares subject to the
Grant.
(b)
PAYMENT. Subject
to the provisions of subsection (c) hereof, payment
shall be made within two and one half months after the end of the
vesting
period, after withholding Shares equal in value to the
Participant's income
tax
obligation via a deposit of ALLETE common stock into an account in
the
ALLETE Invest Direct plan.
(c)
PA
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