Exhibit 10.3 MDU Resources Group, Inc. 2005 NEO Annual Award Opportunity Chart 1/1/2005 Base Name Title Compensation Threshold ($) Target ($) Maximum ($) - ---- ----- ------------ ------------- ---------- ----------- Martin A. White Chairman of the $ 700,000 100% 70,000 700,000 1,400,000 Board, President and Chief Executive Officer Warren L. Executive Vice $ 370,000 50% 18,500 185,000 370,000 Robinson President and Chief Financial Officer John K. President and $ 370,000 50% 46,250 185,000 370,000 Castleberry Chief Executive Officer, WBI Holdings, Inc. Terry D. President and $ 370,000 50% 46,250 185,000 370,000 Hildestad Chief Executive Officer, Knife River Corporation Paul E. President and $ 285,000 50% 14,250 142,500 285,000 Gatzemeier Chief Executive Officer, Centennial Energy Resources LLC