Fuel Tech adopts 2023 incentive plans with $250K operating income threshold for CIP, up to $650K COP pool

FUEL TECH, INC.

2023 CIP: no payout unless Operating Income >= $250,000; if met, 25% of Operating Income funds pool, capped at $3M.
CEO Arnone target bonus factor 50%, CFO Albrecht 30%; executive Realization Percentage automatically 100%.
2023 COP: up to $650,000 bonus pool funded $162,500 per completed objective; four objectives include water treatment commercialization and SNCR system development.
COP excludes CEO; CFO Albrecht eligible; objectives tied to business development, human capital, and operational execution.

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