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- 10-K Annual report
- 10.1.2 Supplemental Executive Retirement Plan
- 10.5 Form of Change-in-control Severance Agreement
- 10.10.1 Compensatory Arrangements with Executive Officers
- 10.10.2 Compensatory Arrangements with Non-management Directors
- 10.16 Restricted Stock Agreement
- 12.1 Ratio of Earnings to Fixed Charges
- 12.2 Ratio of Earnings to Fixed Charges
- 21 Subsidiaries of the Registrant
- 23.1 Consent of Independent Registered Certified Public Accounting Firm
- 23.2 Consent of Independent Registered Certified Public Accounting Firm
- 23.3 Consent of Independent Experts
- 31.1 Section 302 CEO Certification
- 31.2 Section 302 CFO Certification
- 31.3 Section 302 CEO Certification
- 31.4 Section 302 CEO Certification
- 32.1 Section 906 CEO and CFO Certification
- 32.2 Section 906 CEO and CFO Certification
Exhibit 10.10.1
Compensatory Arrangements with Executive Officers
Compensation for executives at TECO Energy, Inc. (the “Corporation”) consists of several components. Included among these are base salary and an annual incentive award program.
Base salary information for named executive officers for 2006 is set forth in the table below.
The Corporation’s annual incentive plan, last amended in 2002, is included as Exhibit 10.3 to the Corporation’s Annual Report on Form 10-K to which this document is an exhibit (the “Report”). The 2006 target award percentages for awards under the annual incentive plan for the named executive officers are set forth in the table below.
Compensatory arrangements relating to other aspects of the Corporation’s executive compensation program are included as exhibits to the Report.
Named Executive Officer Salary and Target Award Percentage Information for 2006
Name | Title | Salary | Target Award % | ||||||
Sherrill W. Hudson | Chairman and CEO | $ | 775,000 | * | 70 | % | |||
John B. Ramil | President and Chief Operating Officer | $ | 500,000 | 65 | % | ||||
Gordon L. Gillette | Executive Vice President and Chief Financial Officer | $ | 427,000 | 55 | % | ||||
Charles R. Black | President of Tampa Electric | $ | 345,000 | 50 | % | ||||
William N. Cantrell | President of Peoples Gas System | $ | 345,000 | 40 | % |
* | Mr. Hudson’s 2006 salary consists of $250,000 in cash and TECO Energy restricted shares valued at $525,000, with the restrictions lapsing in four quarterly installments. Mr. Hudson also receives a monthly housing and travel allowance of $5,000, in recognition of his retaining his primary residence in Miami. |