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Exhibit 10(ll)(2)
CENTERPOINT ENERGY, INC.
2009 LONG TERM INCENTIVE PLAN
FORM OF QUALIFIED PERFORMANCE AWARD AGREEMENT
January 1, 20XX– December 31, 20XX PERFORMANCE CYCLE
Pursuant to this Qualified Performance Award Agreement (the “Award Agreement”),
CENTERPOINT
ENERGY, INC. (the “Company”) hereby grants this Qualified Performance Award (the “Award”)
covering the target
number of shares of Common Stock (the “Target Shares”)
as specified in the award notice on this Computershare web site
(the “Award Notice”), pursuant to the CENTERPOINT ENERGY, INC. 2009 LONG TERM INCENTIVE PLAN
(the
“Plan”).
The number of Target Shares shall be subject to adjustment as provided in Section 14 of the Plan, conditioned upon
the Company’s achievement of the Performance Goals over the course of the 20XX –
20XX Performance Cycle, and subject
to the following terms and conditions:
1. Relationship to the Plan.
The Award is subject to all of the terms, conditions and provisions of the
Plan in effect on the date hereof and administrative interpretations thereunder, if any, adopted by the Committee. To the
extent that any provision of this Award Agreement conflicts with the express terms of the Plan, it is hereby acknowledged and
agreed that the terms of the Plan shall control and, if necessary, the applicable provisions of this Award Agreement shall be
hereby deemed amended so as to carry out the purpose and intent of the Plan. References to the Participant herein also include
the heirs or other legal representatives of the Participant.
2.
Definitions.
Except as defined herein, capitalized terms shall have the same meanings ascribed to them
under the Plan. For purposes of this Award Agreement:
“Achievement Percentage”
means the percentage of achievement determined by the Committee after the end
of the Performance Cycle in accordance with Section 3 that reflects the extent to which the Company achieved the
Performance Goals during the Performance Cycle.
“Change in Control Closing Date”
means the date a Change in Control is c onsummated during the
Performance Cycle.
“Disability” means that the Participant is (i) eligible for and in receipt of benefits under the Company’s long-
term disability plan and (ii) not eligible for Retirement.
“Employment” means employment with the Company or any of its Subsidiaries.
“Performance Cycle” means the period beginning on January 1, 20XX and ending on December 31, 20XX.
“Performance Goal” means
the standards established by the Committee for the Performance Cycle to
determine in whole or in part the number of Vested Shares pursuant to Section 4, which are specified in the
performance goals section of the Award Notice and made a part hereof for all purposes.
1