CenterPoint Energy 2014 Annual Report Download - page 167

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14.
Exclusion from Section 409A.
At all times prior to the date that the Committee determines that each
Performance Goal has been met (following the last date of the Performance Cycle) or, if applicable under Section 6 or 7(b),
the Change in Control Closing Date or the Participant’
s Separation from Service, respectively, the benefit payable under this
Award Agreement is subject to a substantial risk of forfeiture within the meaning of Treasury Regulation §
1.409A-1(d
) (or
any successor regulation)
. Accordingly,
t
his Award is not subject to Section 409A under the short term deferral
exclusion, and this Award Agreement shall be interpreted and administered consistent therewith.
15.
Compliance with Recoupment Policy.
Any amounts payable, paid, or distributed under this Award
Agreement are subject to the recoupment policy of the Company as in effect from time to time.
16.
Modification of Award Agreement.
Any modification of this Award Agreement shall be binding
only if evidenced in writing and signed by an authorized representative of the Company.
6