Attached files
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.