VALMONT EXECUTIVE INCENTIVE PLAN
1. PURPOSE. The principal purpose of the Valmont Industries, Inc. Executive Incentive Plan (the "Plan") is to
provide incentives to executive officers and other senior management officers of Valmont ("Valmont") who have
significant responsibility for the success and growth of Valmont and to assist Valmont in attracting, motivating and
retaining executive officers on a competitive basis.
2. ADMINISTRATION OF THE PLAN. The Plan shall be administered by the Compensation Committee of
the Board of Directors (the "Committee"). The Committee shall have the sole discretion to interpret the Plan;
approve a pre-established objective performance measure or measures annually; certify the level to which each
performance measure was attained prior to any payment under the Plan; approve the amount of awards made
under the Plan; and determine who shall receive any payment under the Plan.
The Committee shall have full power and authority to administer and interpret the Plan and to adopt such rules,
regulations and guidelines for the administration of the Plan and for the conduct of its business as the Committee
deems necessary or advisable. The Committee's interpretations of the Plan, and all actions taken and
determinations made by the Committee pursuant to the powers vested in it hereunder, shall be conclusive and
binding on all parties concerned, including Valmont, its stockholders and any person receiving an award under the
3. ELIGIBILITY. Executive officers and other senior management officers of Valmont shall be eligible to receive
awards under the Plan. The Committee shall designate the executive officers and other senior management
officers who will participate in the Plan each year.
4. AWARDS. The Committee shall establish annual and/or long-term incentive award targets for participants. If
an individual becomes an executive officer or senior management officer during the year, such individual may be
granted eligibility for an incentive awa