CenterPoint Energy 2014 Annual Report Download - page 181

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of which is the number of days that have elapsed from the Award Date to the date of Participant’
s termination of
Employment, and the denominator of which is the total number of days from the Award Date until the final
Vesting Date.
(d)
Timing of Distribution .
(1) Death
. If the Participant is entitled to a benefit pursuant to Section 4(a) hereof due to the
Participant’
s death, the number of shares of Common Stock determined in accordance with Section 4(a)
shall be registered in book-entry form with the Company’
s transfer agent in the name of the Participant
(or his or her estate) as soon as practicable but not later than the 70th day after the date of the
Participant’s death.
(2) Disability or Retirement
. If the Participant is entitled to a benefit pursuant to Section 4(b)
hereof due to the Participant’
s Disability or Retirement, then the number of shares of Common Stock
determined in accordance with Section 4(b) shall be registered in book-entry form with the Company’
s
transfer agent in the name of the Participant on the date that is the earlier of (x) the second business day
following the end of the six-month period commencing on the Participant’
s Termination Date or (y) the
Participant’s date of death, if death occurs during such six-month period.
(3) Other Termination of Employment without Cause
. If the Participant is entitled to a benefit
pursuant to Section 4(c) hereof due to the Participant’
s termination of Employment without Cause (other
than for death, Disability or Retirement), then the number of shares of Common Stock determined in
accordance with Section 4(c) shall be registered in book-entry form with the Company’
s transfer agent in
the name of the Participant on the date that is the earlier of (x) the second business day following the end
of the six-month period commencing on the Participant’s Termination Date, (y) the Participant’
s date of
death, or (z) the Vesting Date(s) on which such units would be paid under Section 3 hereof assuming
continuous Employment by the Participant as of such Vesting Date(s).
(e)
Dividend Equivalents
. Upon the date of distribution of shares of Common Stock under this Section
4, the Participant shall also be entitled to receive Dividend Equivalents for the period from the Award Date to the
date such vested shares of Common Stock are distributed to the Participant (in accordance with the requirements
of Section 409A, to the extent applicable).
5.
Distribution Upon a Change in Control.
Notwithstanding any provision of this Award Agreement
to the contrary, if there is a Change in Control and the Change in Control Closing Date occurs during the Participant’
s
Employment and prior to (a) the final Vesting Date or (b) an accelerated vesting event under Section 4 above, then, upon
the Change in Control Closing Date, the Participant’
s right to receive the unvested units of Common Stock subject to
this Award Agreement shall be fully vested. This RSU Award shall be settled by one or more distributions, on the
Change in Control Payment Date, to the Participant of:
4