- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
|
- 10-K Annual report
- 10.4 Annual Incentive Compensation Plan
- 10.12 2004 Equity Incentive Plan
- 10.17.1 Compensatory Arrangements with Executive Officers
- 12.1 Ratio of Earnings to Fixed Charges
- 12.2 Ratio of Earnings to Fixed Charges
- 21 Subsidiaries of the Registrant
- 23.1 Consent - for Teco
- 23.2 Consent - Tampa Electric
- 23.3 Consent of Marshall Miller & Associates
- 31.1 Certification
- 31.2 Certifications
- 31.3 Certifications
- 31.4 Certifications
- 32.1 Certification
- 32.2 Certification
Exhibit 10.17.1
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 2007 is set forth in the table below.
The Corporation’s annual incentive plan, last amended in January 2007, is included as Exhibit 10.4 to the Corporation’s Annual Report on Form 10-K to which this document is an exhibit (the “Report”). The 2007 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 2007
Name | Title | Salary | Target Award % | |||||
Sherrill W. Hudson | Chairman and CEO | $ | 798,250 | 80 | % | |||
John B. Ramil | President and Chief Operating Officer | $ | 515,000 | 70 | % | |||
Gordon L. Gillette | Executive Vice President and Chief Financial Officer | $ | 439,810 | 60 | % | |||
Charles R. Black | President of Tampa Electric | $ | 356,000 | 55 | % | |||
William N. Cantrell | President of Peoples Gas System | $ | 345,000 | 40 | % |
* | Mr. Hudson’s 2006 salary consists of $273,250 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. |