Compensatory Arrangements With Non-Management Directors

by TECO Energy Company
February 27th, 2015

Exhibit 10.22

Compensatory Arrangements with Non-Management Directors


Annual Cash Retainer




Additional Annual Cash Retainer for Non-Executive Chairman of the Board





Additional Annual Cash Retainer for Audit Committee Chair





Additional Annual Cash Retainer for Other Committee Chairs





Board and Committee Meeting Attendance Fees



No meeting attendance fees for up to five board and five committee meetings attended.  $1,500 attendance fee for meetings attended over that number.  


Restricted Stock



Annual grant of shares having a value of $80,000, which vest in one installment on the first anniversary of the date of grant


Director Matching Contributions Program



Contributions by non-management directors to eligible non-profit organizations are matched dollar-for-dollar by the Corporation, in an amount not to exceed $10,000 per calendar year for each such director.

TECO Energy, Inc. also pays for or reimburses directors for their meeting-related expenses.