exhibit 10. 20 exhibit 10. 20 innovation at work confidential treatment has been requested for portions of this exhibit. the copy filed herewith omits the information subject to the confidentiality request. omissions are designated by * * *. a complete version of this exhibit has been filed separately with the securities and exchange commission. the board has approved the altairnano 2007 company incentive plan, which defines two groups of employees ; the company performance targets and plan pay out against performance : the company performance target is comprised of two financial components : cash at year end : total revenue : · employees at levels 2 to 8 have 50 % of incentive bonus based on company performance and 50 % on individual performance ; the incentive multiplier is capped at 150 % for company performance and 110 % for individual performance. employees at levels 9 to 13 ( including executive officers ) have 100 % of incentive bonus based on company performance ; the incentive multiplier is capped at 150 % of company performance. · confidential information march 9, 2007 page 2 march 9, 2007 page 2 example 1. company performance is near plan criteria objective actual % performance % payout cash at year end $ * * * $ * * * 104 % 128 % revenue $ * * * $ * * * 100 % 120 % company performance incentive bonus payout =. 75 x 104 +. 25 x 100 = 103 % payout = 126 % an employee at level 2 - 8 with 100 % individual performance would receive : 50 % incentive bonus = company performance = 126 % x. 5 = 63 % of target bonus 50 % incentive bonus = individual performance = 100 % x. 5 = 50 % of target bonus if target bonus is 15 %, then total bonus = 17 % of salary an employee at level 9 - 13 would earn 126 % of their target bonus example 2. company performance is above plan criteria objective actual % performance % payout cash at year end $ * * * $ * * * 115 % 150 % revenue $ * * * $ * * * 121 % 162 % company performance incentive bonus payout =. 75 x 115 +. 25 x 121 = 116. 5 % criteria objective actual % performance % payout cash at year end $ * * * $ * * * 115 % 150 % revenue $ * * * $ * * * 121 % 162 % company performance incentive bonus payout =. 75 x 115 +. 25 x 121 = 116. 5 % payout = 153 % confidential information march 9, 2007