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 the company, including the President and CEO, CFO, and other senior executives. It specifies the number of shares each executive is eligible to receive as part of their compensation for the specified period. The agreement outlines the share-based incentives tied to performance and service during the plan cycle.
EXHIBIT 10.2
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| 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 |
