CenterPoint Energy 2014 Annual Report Download - page 187

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10.
No Continued Service Guaranteed.
Nothing in this RSU Award Agreement shall give the
Participant any rights to (or impose any obligations for) continued Service with the Company or
any Subsidiary, or any
successor thereto, nor shall it give such entities any rights (or impose any obligations) with respect to continued
performance of duties by the Participant.
11.
Section 409A.
The distribution of shares and payments under this RSU Award Agreement are not
intended to be subject to Section 409A of the Code pursuant to the short term deferral exclusion and shall be
administered accordingly.
12.
Modification of RSU Award Agreement.
Any modification of this RSU Award Agreement shall
be binding only if evidenced in writing. The foregoing notwithstanding, (i) no adjustment to the RSU Award pursuant to
Section 14 of the Plan and (ii) no substitutions of the benefits under this RSU Award Agreement, in each case, shall be
made in a manner that results in this RSU Award being subject to the requirements of Section 409A.
4