CenterPoint Energy 2014 Annual Report Download - page 159

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Exhibit 10(kk)(1)
January 23, 2015
Mr. William D. Rogers
2 Sutton Place South 7-D New York, NY 10022
Dear Bill:
I am pleased to extend to you an offer of employment with CenterPoint Energy (the
"Company"), as the Executive Vice President of Finance & Accounting reporting to me.
Your offer includes the following:
Equity Signing Incentive:
As of your employment date, you will be awarded 18,000 CenterPoint Energy
restricted stock units with the following time vesting schedule:
10,000 on the first anniversary of your employment date
8,000 on the second anniversary of your employment date
Salary:
$34,166.67 per month ($410,000 per year)
Incentive Compensation:
Short-Term Incentive (STI) plan participation - You will be eligible to participate in
the 2015 STI plan. Your initial target award level is 75% of your 2015 plan year eligible
earnings calculated from your hire date. Annual plan year award funding is based upon
the achievement of a combination of corporate goals, approved by the Compensation
Committee of the Board of Directors (Committee). Your actual payout, if any, is based
on achievement of corporate goals as well as your individual performance within the
available funding.
Long-Term Incentive (LTI) plan participation - Subject to Committee approval, you
will be granted a 2015-2017 LTIP award with a target ineentive level of 140% of your
annual base salary. This incentive may be granted in a combination of CenterPoint
Energy performance share units, restricted stock units, stock options, or other
authorized form. For your information, the 2014 award was made up of 30% restricted
stock units, 40% performance shares based on total shareholder return versus peer