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MnDOTContractNo.1052120 <br />iii. Thepublicdoesnothaveaccesstoinformationaboutthecompensationofthe <br />executivesthroughperiodicreportsfiledundersection13(a)or15(d)oftheSecurities <br />ExchangeActof1934(15U.S.C.78m(a),78o(d))orsection6104oftheInternalRevenue <br />Codeof1986.(Todetermineifthepublichasaccesstothecompensationinformation, <br />seetheU.S.SecurityandExchangeCommissiontotalcompensationfilingsat <br />https://www.sec.gov/answers/execomp.htm). <br />Executivemeansofficers,managingpartners,oranyotheremployeesinmanagement <br />positions. <br />c. Totalcompensationmeansthecashandnoncashdollarvalueearnedbytheexecutiveduring <br />theLocalDƚǝĻƩƓƒĻƓƷ͸ƭprecedingfiscalyearandincludesthefollowing(formoreinformation <br />see17CFR229.402(c)(2)): <br />i. Salaryandbonus. <br />ii. Awardsofstock,stockoptions,andstockappreciationrights.Usethedollaramount <br />recognizedforfinancialstatementreportingpurposeswithrespecttothefiscalyearin <br />accordancewiththeStatementofFinancialAccountingStandardsNo.123(Revised <br />2004)(FAS123R),SharedBasedPayments. <br />iii. Earningsforservicesundernonequityincentiveplans.Thisdoesnotincludegrouplife, <br />health,hospitalizationormedicalreimbursementplansthatdonotdiscriminateinfavor <br />ofexecutives,andareavailablegenerallytoallsalariedemployees. <br />iv. Changeinpensionvalue.Thisisthechangeinpresentvalueofdefinedbenefitand <br />actuarialpensionplans. <br />v. Abovemarketearningsondeferredcompensationwhichisnottaxqualified. <br />18.5.2. Othercompensation,iftheaggregatevalueofallsuchothercompensation(e.g.severance, <br />terminationpayments,valueoflifeinsurancepaidonbehalfoftheemployee,perquisitesor <br />property)fortheexecutiveexceeds$10,000. <br />18.5.3. TheLocalGovernmentmustreportexecutivetotalcompensationdescribedabovetotheMnDOT <br />bytheendofthemonthduringwhichthisAgreementisawarded. <br />18.5.4. TheLocalGovernmentwillobtainaUniqueEntityIdentifiernumberandmaintainthisnumberfor <br />thetermofthisAgreement.ThisnumbershallbeprovidedtoMnDOTontheplanreviewchecklist <br />submittedwiththeplansforeachProject. <br />18.5.5. TheLocalDƚǝĻƩƓƒĻƓƷ͸ƭfailuretocomplywiththeaboverequirementsisamaterialbreachofthis <br />AgreementforwhichtheMnDOTmayterminatethisAgreementforcause.TheMnDOTwillnotbe <br />obligatedtopayanyoutstandinginvoicereceivedfromtheLocalGovernmentunlessanduntilthe <br />LocalGovernmentisinfullcompliancewiththeaboverequirements. <br />\[THEREMAINDEROFTHISPAGEHASINTENTIONALLYBEENLEFTBLANK.\] <br />12 <br /> <br />