Cleco Corporation 2005 Executive Compensation and Bonus Schedule

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the 2005 base salaries, merit bonuses, annual incentive plan (AIP) targets, and long-term incentive plan (LTIP) share awards for Cleco Corporation's named executive officers. It lists each executive's position, salary, bonus amounts, and the number of shares tied to performance targets for the 2005-2007 LTIP cycle. The agreement sets out the compensation structure and performance-based incentives for the company's top management for the specified year and LTIP period.

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EX-10.1 2 exhibit101.htm EXHIBIT 10.1 Exhibit 10.1

EXHIBIT 10.1

2005 Base Salaries and Bonuses for Cleco Corporation Named Executive Officers

 

2005-2007 LTIP Cycle



Name and
Principal Position



2005
Base Salary

2005
Merit
Lump-Sum
Bonus



2005
AIP Target


Number of
Threshold Shares



Number of Target Shares


Number of
Maximum
Shares

David M. Eppler - President and Chief Executive Officer

       $425,000

                    0

              65%

             4,784

           15,946

           31,892

Michael H. Madison - President and Chief Operating Officer (Cleco Power LLC)

       $300,000

                    0

              50%

             2,477

             8,255

           16,510

Dilek Samil -Executive Vice President and Chief Financial Officer

       $269,000

                    0

              45%

             2,019

             6,729

           13,458

R. O'Neal Chadwick, Jr. - Senior Vice President and General Counsel

       $220,000

                    0

              40%

             1,321

             4,403

             8,806

Samuel H. Charlton III - Senior Vice President and Chief Operating Officer (Cleco Midstream Resources LLC)

       $218,000

         $10,000

              40%

             1,309

             4,363

             8,726

Catherine C. Powell - Senior Vice President Corporate Services

       $190,000

         $10,000

              40%

             1,284

             4,278

             8,556