CLECO CORPORATE HOLDINGS LLC SEPARATION AGREEMENTSeparation Agreement • March 28th, 2017 • Cleco Power LLC • Electric services • Louisiana
Date: March 20, 2017 Base Name Darren J. Olagues Year Compensation Bonus EMP. # 5417 2016 $502,658.13 $222,745.00 SS # XXX-XX-8335 2015 $400,800.00 $278,850.00 DOB 11/7/1967 (adjusted for 3-year CIC benefit) 2014 $389,423.07 $256,032.54 DOT 1/27/2017 2013 $359,615.41 $205,000.00 2012 $305,899.99 $201,894.00 2011 $303,761.54 $182,965.00 2010 $277,476.91 $124,967.80 2009 $262,830.70 $102,490.94 2008 $228,999.97 $99,713.00 2007 $121,230.77 * $0.00 2006 $0.00 $0.00 Highest Base $502,658.13 High 3 Bonus $278,850.00 $256,032.54 $252,542.51 Average $222,745.00 Date of Birth Nov 7, 1967 Applicable SERP % 50.000% (Minimum benefit per plan doc) Termination Date Jan 27, 2017 Termination Age 49 Years 2 Months SERP Comp. $ 755,200.64 Annually 62,933.39 Monthly SERP Percent 50.000% SERP Benefit $31,466.70 Reduction for term before age 55 -$6,608.01 (21%) Gross SERP Benefit1 $24,858.69 Per Month 1 The Gross SERP Benefit will be further reduced by any pension benefits payable. Gross SERP Benefit $24,8
