Title

EX-10.21 3 d631907dex1021.htm COMPENSATORY ARRANGEMENTS Compensatory Arrangements

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 serving as executive offers of the Corporation (together, the “named executive officers”) is set forth in the table below.

The Corporation’s annual incentive plan is filed as Exhibit 10.4 to the Corporation’s Annual Report on Form 10-K to which this document is an exhibit (the “Report”). The 2014 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 filed as exhibits to the Report.

Named Executive Officer Salary and Target Award Percentage Information for 2014

 

Name

  

Title

   Salary      Target
Award %
 

John B. Ramil

   President and Chief Executive Officer    $ 785,000         100

Gordon L. Gillette

   President of Tampa Electric Company    $ 546,000         70

Sandra W. Callahan

   Senior Vice President-Finance and Accounting and Chief Financial Officer    $ 475,000         70

Charles A. Attal III

   Senior Vice President – General Counsel and Chief Legal Officer    $ 380,000         60