Fuel Tech sets 2022 bonus plans: CIP requires $250K operating income; COP cap $650K

FUEL TECH, INC.

2022 CIP: bonuses require at least $250K Operating Income; if met, 25% of Operating Income funds pool up to $3M cap.
CIP target bonus factors: CEO Vincent Arnone 50%, CFO Ellen Albrecht 30%; executives get 100% realization automatically.
2022 COP: $162.5K set aside per fully completed objective (4 total); maximum pool $650K; CEO excluded.
COP objectives: Water Treatment commercialization, coal unit evaluation, HR succession plan, quality improvement program.

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