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Content analysis
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- 10-K Annual report
- 2.1.1 Stock Purchase and Sale Agreement
- 2.1.2 First Amendment to the Stock Purchase and Sale Agreement
- 2.1.3 Second Amendment to the Stock Purchase and Sale Agreement
- 2.1.4 Third Amendment to the Stock Purchase and Sale Agreement
- 2.1.5 Indemnity Letter Dated As of Aug. 27, 2004 by Teco Energy, Inc
- 10.14 Compensatory Arrangements with Executive Officers
- 10.19 Form of Performance Shares Agreement
- 12.1 Ratio of Earnings to Fixed Charges - Teco Energy, Inc
- 12.2 Ratio of Earnings to Fixed Charges - Tampa Electric Company
- 21 Subsidiaries of the Registrant
- 23.1 Consent of Independent Certified Public Accountants - Teco Energy, Inc
- 23.2 Consent of Independent Certified Public Accountants - Tampa Electric Company
- 24.1.1 Power of Attorney - Teco Energy, Inc
- 24.1.2 Power of Attorney - Tampa Electric Company
- 24.2.1 Certified Copy of Resolution Authorizing Power of Attorney - Teco Energy, Inc
- 24.2.2 Certified Copy of Resolution Authorizing Power of Attorney-tampa Electric Compan
- 31.1 Section 302 CEO Certification of Teco Energy, Inc
- 31.2 Section 302 CFO Certification of Teco Energy, Inc
- 31.3 Section 302 CEO Certification of Tampa Electric Company
- 31.4 Section 302 CFO Certification of Tampa Electric Company
- 32.1 Section 906 CEO & CFO Certification of Teco Energy, Inc
- 32.2 Section 906 CEO & CFO Certification of Tampa Electric Company
Exhibit 10.14
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 2005 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”). A description of the 2004 payouts and 2005 target awards under this plan was included in the Current Report on Form 8-K filed on February 1, 2005, and is hereby incorporated by reference. The 2005 target award percentages described in that Current Report 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 2005
Name | Title | Salary | Target Award % | |||||
Sherrill W. Hudson | Chairman and CEO | *$ | 721,548 | 70 | % | |||
John B. Ramil | President and Chief Operating Officer | $ | 478,400 | 65 | % | |||
Gordon L. Gillette | Executive Vice President and Chief Financial Officer | $ | 410,800 | 55 | % | |||
William N. Cantrell | President of Peoples Gas System | $ | 345,000 | 40 | % | |||
Jimmy J. Shackleford | President of TECO Coal Corporation | $ | 278,460 | 45 | % |
* Mr. Hudson’s 2005 salary consists of $196,548 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 allowance of $3,500, in recognition of his retaining his primary residence in Miami.