2005 Base Salariesand Bonuses for Cleco Corporation Named Executive Officers

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