Fuel Tech adopts 2024 incentive plans tied to $250K operating income threshold; CEO gets $50K bonus

FUEL TECH, INC.

2024 CIP: pool funded at 25% of Operating Income beyond $250K, capped at $3M.
2024 COP: up to $650K bonus pool tied to four qualitative objectives (water treatment, aftermarket, human capital, operational excellence).
CEO Vincent Arnone receives $50K one-time merit bonus; excluded from COP.
CFO Ellen Albrecht eligible for CIP (30% target factor) and COP.
Payouts require $250K minimum Operating Income; employees must be employed on Dec 31.

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