TECO Energy, Inc. Compensatory Arrangements with Non-Management Directors
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Summary
This document outlines the compensation plan for non-management directors of TECO Energy, Inc. Directors receive an annual retainer of $30,000, with additional retainers for committee chairs. They are also paid fees for attending board and committee meetings and receive an annual grant of 2,500 shares of restricted stock. TECO Energy, Inc. covers or reimburses directors for expenses related to attending meetings.
EX-10.10.2 5 dex10102.htm COMPENSATORY ARRANGEMENTS WITH NON-MANAGEMENT DIRECTORS Compensatory Arrangements with Non-Management Directors
Exhibit 10.10.2
Compensatory Arrangements with Non-Management Directors
| Annual Retainer | $30,000 | |
| Additional Annual Retainer for Audit Committee Chair | $7,500 | |
| Additional Annual Retainer for Other Committee Chairs | $5,000 | |
| Board Meeting Attendance Fees | $750 per meeting ($1,500 for concurrent TECO Energy, Inc. and Tampa Electric Company Board meetings) | |
| Committee Meeting Attendance Fees | $1,500 per meeting | |
| Restricted Stock | Annual grant of 2,500 shares | |
TECO Energy, Inc. also pays for or reimburses directors for their meeting-related expenses.
