Compensatory Arrangements with Non-Management Directors (effectiveJanuary 1, 2010)
EX-10.22 3 dex1022.htm COMPENSATORY ARRANGEMENTS WITH NON - MANAGEMENT DIRECTORS Compensatory arrangements with Non - Management Directors
Exhibit 10.22
Compensatory Arrangements with Non-Management Directors
(effective January 1, 2010)
| Annual Retainer | $35,000 | |
| Additional Annual Retainer for Audit Committee Chair | $10,000 | |
| Additional Annual Retainer for Other Committee Chairs | $7,500 | |
| Board Meeting Attendance Fees | $750 per meeting (applicable to TECO Energy, Inc. and Tampa Electric Company Board meetings) | |
| Committee Meeting Attendance Fees | $1,500 per meeting | |
| Restricted Stock | Annual grant of 3,000 shares, which vest in three equal annual installments | |
TECO Energy, Inc. also pays for or reimburses directors for their meeting-related expenses.
