Tampa Electric 10-K2010 FY Annual report

Filed: 28 Feb 11, 12:00am

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Exhibit 10.24

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 the Chief Executive Officer, Chief Financial Officer and the other executive officers named in our 2011 proxy statement (together, the “named executive officers”) is set forth in the table below.

The Corporation’s annual incentive plan, last amended in February 2011, is attached as Exhibit 10.4 to the Corporation’s Annual Report on Form 10-K to which this document is an exhibit (the “Report”). The 2011 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 2011


Name	Title	Salary		Target Award %
Sherrill W. Hudson	Executive Chairman of the Board	$	325,000		75	%
John B. Ramil	President and Chief Executive Officer	$	750,000		75	%
Gordon L. Gillette	President of Tampa Electric Company	$	500,000		65	%
Sandra W. Callahan	Senior Vice President-Finance and Accounting and Chief Financial Officer	$	410,000		55	%
Charles A. Attal III	Senior Vice President, General Counsel and Chief Legal Officer	$	335,000		50	%
Clinton E. Childress	Senior Vice President, Corporate Services and Chief Human Resources Officer	$	334,750		45	%