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.