Document:

Compensatory Arrangements with Executive Officers

 Exhibit 10.24 
 Compensatory Arrangements with Executive Officers 
 Compensation for executives at TECO
Energy, Inc. (the “Corporation”) consists of several components. Included among these are base salary and an annual incentive award program. 
 Base salary information for the Chief Executive Officer, Chief Financial Officer and the other executive officers named in our proxy statement (together, the “named executive officers”) is set
forth in the table below. 
 The Corporation’s annual incentive plan, last amended in February 2011, is attached as Exhibit 10.4 to the
Corporation’s Annual Report on Form 10-K to which this document is an exhibit (the “Report”). The 2012 target award percentages for awards under the annual incentive plan for the named executive officers are set forth in the table
below. 
 Compensatory arrangements relating to other aspects of the Corporation’s executive compensation program are included as exhibits
to the Report. 
 Named Executive Officer Salary and Target Award Percentage Information for 2012 

 

											
	 Name
	  	 Title
	  	Salary	 	  	Target
Award
%	 
	 Sherrill W. Hudson
	  	Executive Chairman of the Board	  	$	270,000	  	  	 	75	% 
	 John B. Ramil
	  	President and Chief Executive Officer	  	$	750,000	  	  	 	85	% 
	 Gordon L. Gillette
	  	President of Tampa Electric Company	  	$	525,000	  	  	 	65	% 
	 Sandra W. Callahan
	  	Senior Vice President-Finance and Accounting and Chief Financial Officer	  	$	450,000	  	  	 	60	% 
	 Clinton E. Childress
	  	Senior Vice President, Corporate Services and Chief Human Resources Officer	  	$	352,800	  	  	 	50	%Compensory Arrangements with Non-Management Directors

 Exhibit 10.25 
 Compensatory Arrangements with Non-Management Directors 
  

			
	 Annual Retainer
	  	$50,000
		
	 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 one installment on the first anniversary of the date of grant

 TECO Energy, Inc. also pays for or reimburses directors for their meeting-related expenses.Amendment No. 10 to Loan and Servicing Agreement

 Exhibit 10.38 
 AMENDMENT NO. 10 
 TO 

LOAN AND SERVICING AGREEMENT 
 This AMENDMENT NO. 10 TO LOAN AND SERVICING AGREEMENT (this “Amendment”) dated as of February 17, 2012 is by and among Tampa Electric Company (“Tampa”), in its
capacity as servicer (in such capacity, the Servicer”), TEC Receivables Corp. (“TEC”), in its capacity as “Borrower” under the Loan Agreement (as defined below) (in such capacity, the
“Borrower”), Citibank, N.A. (“Citibank”), in its capacities as Managing Agent and as Program Agent, CAFCO, LLC, in its capacity as “Conduit Lender” (in such capacity, the “Conduit Lender”)
and Citibank, in its capacity as the sole committed lender (in such capacity, the “Committed Lender”). Capitalized terms used herein but not specifically defined herein shall have the meanings given to such terms in the Loan
Agreement (as defined below). 
 PRELIMINARY STATEMENTS: 

(1) The Servicer, the Borrower, the Conduit Lender, the Committed Lender, the Managing Agent and the Program Agent are parties to that
certain Loan and Servicing Agreement dated as of January 6, 2005, as amended by (i) the Omnibus Amendment dated as of June 7, 2005, (ii) Amendment No. 2 dated as of January 5, 2006, (iii) Omnibus Amendment
No. 3 dated as of December 22, 2006, (iv) Amendment No. 4 dated as of December 20, 2007, (v) Omnibus Amendment No. 5 dated as of September 26, 2008, (vi) Amendment No. 6 dated as of December 18,
2008, (vii) Amendment No. 7 dated as of December 16, 2009, (viii) Amendment No. 8 dated as of February 19, 2010 and (ix) Omnibus Amendment No. 9 dated as of February 18, 2011 (the “Loan
Agreement”). 
 (2) The parties hereto wish to amend the Loan Agreement upon the terms and subject to the conditions
set forth herein. 
 NOW, THEREFORE, the parties hereto agree as follows: 

SECTION 1. Amendments to the Loan Agreement. Effective as of the date hereof and subject to the satisfaction of the condition
precedent set forth in Section 2 hereof, the Loan Agreement is hereby amended as follows: 
 (a)
Section 1.01 of the Loan Agreement is hereby amended to delete the definitions of “Change in Control” and “Scheduled Termination Date” and replace them with the following: 

“Change in Control” means (i) the Originator shall cease to own, directly or indirectly, 100% of the
issued and outstanding capital stock of the Borrower or (ii) TECO shall cease to directly or indirectly own and control at least 80% of (A) the economic interests and (B) the voting interests (whether by committee, contract or
otherwise) in Tampa Electric. 
 “Scheduled Termination Date” means, (i) with respect to
the Committed Lenders’ Commitments hereunder, February 15, 2013, unless such date is extended pursuant to Section 2.01(c) and (ii) with respect to the Conduit Lenders, February 15, 2013, unless such date is extended
with the consent of the parties hereto. 

 (b) Section 2.02(a) of the Loan Agreement is hereby amended to delete clause
(i) and replace it with the following: 
 (i) The Borrower shall request a Borrowing hereunder by
submitting to the Program Agent a written notice, substantially in the form of Exhibit B (each, a “Borrowing Request”) at least two (2) Business Days prior to the date of the proposed Borrowing (each, a “Borrowing
Date”), provided, however, that the Borrower may request a Loan from the Conduit Lenders by delivering a Borrowing Request no later than 12:00 noon (New York City time) on the Business Day before the proposed Borrowing Date,
and provided further, however, that if the Conduit Lenders have declined to fund any Borrowing Request and the Borrower is requesting that all Loans to be made on such Borrowing Date accrue Interest at the Base Rate, the Borrower shall
submit such Borrowing Request not later than 12:00 noon (New York City time) on the Borrowing Date. Promptly after its receipt thereof, the Program Agent shall submit a copy of each Borrowing Request to each Managing Agent who shall promptly forward
a copy thereof to the Lenders in its Lender Group. 
 SECTION 2. Conditions of Effectiveness. This Amendment shall
become effective as of the date hereof upon the receipt by the Program Agent of (a) this Amendment duly executed by all of the parties hereto, (b) the Fee Letter dated the date hereof duly executed by the Borrower and the Managing Agent,
and (c) the Upfront Fee (as such term is defined in the Fee Letter). 
 SECTION 3. Representations and
Warranties. Each of the parties hereto represents and warrants that this Amendment and the Loan Agreement, as amended by this Amendment, constitute legal, valid and binding obligations of such Person enforceable against such Person in accordance
with their terms, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally and general equitable principles. 

SECTION 4. Reference to and the Effect on the Loan Agreement. 

(a) On and after the effective date of this Amendment, each reference in the Loan Agreement to “this Agreement”,
“hereunder”, “hereof”, “herein” or words of like import referring to the Loan Agreement and each reference to the Loan Agreement in any certificate delivered in connection therewith, shall mean and be a reference to the
Loan Agreement as amended hereby. 
 (b) Each of the parties hereto hereby agrees that, except as specifically amended above,
the Loan Agreement is hereby ratified and confirmed and shall continue to be in full force and effect and enforceable, except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws relating to
or limiting creditors’ rights generally and general equitable principles. 

  
 2 

 SECTION 5. Execution in Counterparts. This Amendment may be executed in any
number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which taken together shall constitute but one and the same agreement.

 SECTION 6. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK. 
 [Signature page follows.] 

  
 3 

 IN WITNESS WHEREOF, the parties have executed this Amendment as of the day and year first
above written. 
  

			
	 TAMPA ELECTRIC COMPANY,
 as Servicer

		
	 By:
	 	 /s/ Kim M. Caruso

	 Name:
	 	Kim M. Caruso
	 Title:
	 	Treasurer
	
	TEC RECEIVABLES CORP., as Borrower
		
	 By:
	 	 /s/ Kim M. Caruso

	 Name:
	 	Kim M. Caruso
	 Title:
	 	Treasurer
	
	CITIBANK, N.A., as Program Agent and as Managing Agent
		
	 By:
	 	 /s/ Kosta Karantzoulis

	 Name:
	 	Kosta Karantzoulis
	 Title:
	 	Vice President
	
	CAFCO, LLC, as the Conduit Lender
		
	 By:
	 	 Citibank, N.A.,
 as
Attorney-in-Fact

		
	 By:
	 	 /s/ Kosta Karantzoulis

	 Name:
	 	Kosta Karantzoulis
	 Title:
	 	Vice President
	
	CITIBANK, N.A., as the sole Committed Lender
		
	 By:
	 	 /s/ Kosta Karantzoulis

	 Name:
	 	Kosta Karantzoulis
	 Title:
	 	Vice President:

 Signature Page to 
 Amendment No. 10Amendment No. 1, dated as of February 24, 2012, to the Rights Agreement

 Exhibit 4.2 
 AMENDMENT NO. 1 
 to 

RIGHTS AGREEMENT 

Amendment No. 1 (this “Amendment”), dated as of February 24, 2012, to the Rights Agreement, dated as of March 2, 2011
(the “Rights Agreement”), between Family Dollar Stores, Inc., a Delaware corporation (the “Company”), and American Stock Transfer & Trust Company, LLC, a New York limited liability trust company, as Rights
Agent (the “Rights Agent”). 
 W I T N E S S E T H 

WHEREAS, on February 24, 2012, the Board of Directors of the Company (the “Board”) determined it is in the best
interests of the Company and its stockholders to amend the Rights Agreement on the terms set forth herein; 
 WHEREAS, in
accordance with Section 27 of the Rights Agreement, the Company and the Rights Agent may from time to time supplement or amend the Rights Agreement; 
 NOW, THEREFORE, the Company and the Rights Agent agree as follows: 
 1.
Section 7(a)(i) of the Rights Agreement is hereby amended and restated in its entirety as follows: 
 (i)
5:00 P.M., New York City time, on March 2, 2013, or such earlier or later date as may be established by the Board prior to the expiration of the Rights (such date, as it may be extended by the Board, the “Final Expiration
Date”), and 
 2. All references to “March 2, 2012” in Exhibits B and C to the Rights Agreement shall be
deemed to have been modified to be references to “March 2, 2013”. 
 3. Except as otherwise set forth herein, all
provisions in the Rights Agreement remain in full force and effect. 
 4. Sections 30, 31, 33 and 34 of the Rights Agreement are
incorporated into this Amendment mutatis mutandis. 
 5. This Amendment shall be deemed to be a contract made under the
laws of the State of Delaware and for all purposes shall be governed by and construed in accordance with the laws of such State applicable to contracts made and to be performed entirely within such State; provided, however, that all
provisions, regarding the rights, duties, obligations and liabilities of the Rights Agent shall be governed by and construed in accordance with the laws of the State of New York applicable to contracts made and to be performed entirely within such
State. 
 [Remainder of Page Intentionally Left Blank] 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed all as
of the date first written above. 
  

			
	FAMILY DOLLAR STORES, INC.
		
	By:	 	 /s/ Howard R. Levine

	Name:	 	Howard R. Levine
	Title:	 	Chairman and Chief Executive Officer
	
	AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC, as Rights Agent
		
	By:	 	 /s/ Carlos Pinto

	Name:	 	Carlos Pinto
	Title:	 	Senior Vice President

  

SIGNATURE PAGE TO 
 AMENDMENT NO. 1

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