Cycle 13 (2003-2005) Long-Term Incentive Plan (LTIP) Payouts for Executive Officers
This document lists the target and opportunity share awards under the Cycle 13 (2003-2005) Long-Term Incentive Plan (LTIP) for several executive officers of Cleco and its subsidiaries. The named executives, including the President and CEO, CFO, and other senior officers, are each assigned a specific number of target and opportunity shares as part of their compensation. The agreement outlines the share-based incentives provided for performance during the specified cycle.
EXHIBIT 10(d)(2)
|
| Cycle 13 (2003-2005) LTIP Payouts | |
| Name and Principal Position | Target Shares | Opportunity Shares |
| Michael H. Madison - President and Chief Executive Officer | 3,000 | 1,275 |
| Dilek Samil - President and Chief Operating Officer (Cleco Power LLC) | 7,824 | 3,326 |
| Kathleen F. Nolen - Senior Vice President and Chief Financial Officer | 3,651 | 1,552 |
| R. O'Neal Chadwick, Jr. - Senior Vice President and General Counsel | 5,286 | 2,247 |
| Samuel H. Charlton III - Senior Vice President and Chief Operating Officer (Cleco Midstream Resources LLC) | 6,064 | 2,578 |
