2002 Amendment to TECO Performance Share Agreements under 1996 Equity Incentive Plan

Summary

TECO Energy, Inc. amends all outstanding restricted stock grants under its Performance Share Agreements for certain employees. The amendment updates the definition of "Total Shareholder Return" to clarify how it is calculated, specifically detailing the inclusion of dividends (assuming reinvestment) and the method for determining share price averages. The change is effective as of March 12, 2002, and requires the agreement and consent of the affected employee.

EX-10.25 6 dex1025.txt 2002 AMENDMENT TO TECO PERFORMANCE SHARE AGREEMENT Exhibit 10.25 TECO ENERGY, INC. 1996 EQUITY INCENTIVE PLAN 2002 Amendment to TECO Performance Shares Agreements ---------------------------------------------------- TECO Energy, Inc. hereby amends all outstanding grants to {name] of restricted stock under Performance Share Agreements as set forth below. The paragraph entitled Total Shareholder Return is hereby amended by ------------------------ replacing the paragraph with the following: "Total Shareholder Return" is the amount obtained by dividing (1) the sum of (a) ------------------------ the amount of dividends with respect to the Performance Period, assuming dividend reinvestment, and (b) the difference between the share price at the end and beginning of the Performance Period, by (2) the share price at the beginning of the Performance Period, with the share price in each case being determined by using the average closing price during the 20 trading days preceding (and inclusive of) the date of determination. This Amendment shall be effective as of March 12, 2002. TECO ENERGY, INC. By: ------------------------------------ C.E. Childress Chief Human Resources Officer Agreed and Consented to as of the above date: - ------------------ (Name)