TAMPA ELECTRIC CO - FORM 10-K - EX-10.21 - COMPENSATORY ARRANGEMENTS WITH EXECUTIVE OFFICERS - February 26, 2010

Attached files

file filename
10-K - FORM 10 K - TAMPA ELECTRIC COd10k.htm
EX-21 - SUBSIDIARIES OF THE REGISTRANT - TAMPA ELECTRIC COdex21.htm
EX-23.1 - CONSENT - TECO ENERGY - TAMPA ELECTRIC COdex231.htm
EX-31.4 - CERTIFICATION CFO TAMPA ELECTRIC COMPANY - TAMPA ELECTRIC COdex314.htm
EX-32.2 - TAMPA ELECTRIC CO. CERTIFICATION OF PERIODIC FINANCIAL REPORT - TAMPA ELECTRIC COdex322.htm
EX-31.2 - CERTIFICATION CFO TECO ENERGY - TAMPA ELECTRIC COdex312.htm
EX-32.1 - TECO ENERGY CERTIFICATION OF PERIODIC FINANCIAL REPORT - TAMPA ELECTRIC COdex321.htm
EX-12.1 - TECO ENERGY, INC. RATIO OF EARNINGS TO FIXED CHARGES - TAMPA ELECTRIC COdex121.htm
EX-31.3 - CERTIFICATION CEO TAMPA ELECTRIC COMPANY - TAMPA ELECTRIC COdex313.htm
EX-23.3 - CONSENT OF INDEPENDENT EXPERTS - TAMPA ELECTRIC COdex233.htm
EX-31.1 - CERTIFICATION CEO TECO ENERGY - TAMPA ELECTRIC COdex311.htm
EX-12.2 - TAMPA ELECTRIC RATIO OF EARNINGS TO FIXED CHARGES - TAMPA ELECTRIC COdex122.htm
EX-10.22 - COMPENSATORY ARRANGEMENTS WITH NON - MANAGEMENT DIRECTORS - TAMPA ELECTRIC COdex1022.htm
EX-10.28.3 - AMENDMENT NO. 8 TO LOAN AND SERVICING AGREEMENT - TAMPA ELECTRIC COdex10283.htm
EX-10.28.1 - OMNIBUS AMENDMENT NO. 3 - TAMPA ELECTRIC COdex10281.htm
EX-23.2 - CONSENT - TAMPA ELECTRIC - TAMPA ELECTRIC COdex232.htm

Exhibit 10.21

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 most recently filed proxy statement who are currently employed by the Corporation (together, the “named executive officers”) is set forth in the table below.

The Corporation’s annual incentive plan, last amended in February 2009, is incorporated by reference as Exhibit 10.4 to the Corporation’s Annual Report on Form 10-K to which this document is an exhibit (the “Report”). The 2010 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. Mr. Hudson also receives a monthly housing and travel allowance of $5,000, in recognition of his retaining his primary residence in Miami.

Named Executive Officer Salary and Target Award Percentage Information for 2010

 

Name

   

Title

    Salary    Target
Award %		  
Sherrill W. Hudson    Chairman and CEO    $ 851,189    80 % 
John B. Ramil    President and Chief Operating Officer    $ 600,000    75 % 
Gordon L. Gillette    President of Tampa Electric Company    $ 465,000    65 % 
Sandra W. Callahan    Vice President-Finance and Accounting and Chief Financial Officer    $ 350,000    55 % 

TAMPA ELECTRIC CO Reports