EX-10.1
HIGHWATER ETHANOL LLC
Eligible Salary Net Income Incentive EBITDA 45Z Tax Credit Share Value Yield/Project Compliance Total Percent Incentive Total Incentive Brian Kletscher Yes 297,351.34$ 26% 8.00% 15.00% 2.00% 3.00% 5.00% 59.00% 175,437.29$ Eligible Salary Net Income Incentive EBITDA 45Z Tax Credit Share Value Financial Reports Audit/SEC Compliance Total Percent Incentive Total Incentive Lucas Schneider Yes 194,705.42$ 26% 8.00% 15.00% 2.00% 2.00% 3.00% 56.00% 109,035.04$ 284,472.33$ CEO Executive Bonus CFO Executive Bonus Base Salary Percent 297,351.34$ Base Salary Percent 194,705.42$ Bonus potential 59% Bonus Potential 56% 1. EBITDA 8% 1. EBITDA 8% Budgeted 9,972,735 3% 8,920.54$ Budgeted 9,972,735 3% 5,841.16$ plus 10% 10,970,008 3% 8,920.54$ plus 10% 10,970,008 3% 5,841.16$ plus 15% 11,468,645 2% 5,947.03$ plus 15% 11,468,645 2% 3,894.11$ 2. Debt Service Removed for 2021, 2022, 2023, 2024, 2025, 2026 & 2027. 2. Debt Service removed for 2021, 2022, 2023, 2024, 2025, 2026 & 2027. Budget plus 5% Budget plus 5% plus 10% plus 10% plus 15% plus 15% 3. Compliance 5% 3. Compliance 3% MPCA/DNR Permits Water
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