CenterPoint Energy 2014 Annual Report Download - page 182

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(a)
The number of units of Common Stock subject to this Award Agreement not previously vested or
forfeited pursuant to Sections 3 or 4 above, plus
(b)
Dividend Equivalents in the form of shares of Common Stock (rounded up to the nearest whole
share) for the period commencing on the Award Date and ending on the date immediately preceding the Change
in Control Payment Date;
with such shares of Common Stock registered in book-entry form with the Company’
s transfer agent in the name of the
Participant. In lieu of the foregoing distribution in shares, the Committee, in its sole discretion, may direct that such
distribution be made to the Participant in one or more cash payments equal to:
(x) The product of (i) the Fair Market Value per share of Common Stock on the date
immediately preceding the Change in Control Closing Date and (ii) the number of units of Common
Stock subject to this Award Agreement not previously vested or forfeited pursuant to Sections 3 or 4
above, plus
(y) Dividend Equivalents for the period commencing on the Award Date and ending on the date
immediately preceding the Change in Control Payment Date;
with such cash payment(s) to be made on the Change in Control Payment Date. Such distribution under this Section 5,
whether in the form of shares of Common Stock or, if directed by the Committee, in cash, shall satisfy the rights of the
Participant and the obligations of the Company under this Award Agreement in full.
6.
Payment of RSU Award Under Section 3. Upon the vesting of the Participant’
s right to receive a
number of the shares of Common Stock pursuant to Section 3 under this Award Agreement, such shares of Common
Stock will be registered in book-entry form with the Company’s transfer agent in the Participant’
s name not later than
the 70th day after the applicable Vesting Date. Moreover, upon the date of distribution of shares of Common Stock, the
Participant shall also be entitled to receive Dividend Equivalents for the period commencing on the Award Date and
ending on 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).
7.
Confidentiality.
The Participant agrees that the terms of this Award Agreement are confidential and
that any disclosure to anyone for any purpose whatsoever (save and except disclosure to financial institutions as part of a
financial statement, financial, tax and legal advisors, or as required by law) by the Participant or his or her agents,
representatives, heirs, children, spouse, employees or spokespersons shall be a breach of this Award Agreement and the
Company may elect to revoke the grant made hereunder, seek damages, plus interest and reasonable attorneys’
fees, and
take any other lawful actions to enforce this Award Agreement.
8.
Notices.
For purposes of this Award Agreement, notices to the Company shall be deemed to have
been duly given upon receipt of written notice by the Corporate
5