CenterPoint Energy 2014 Annual Report Download - page 172

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Such distribution, whether in the form of shares of Common Stock or, if directed by the Committee, in cash, shall be made to
the Participant no later than the 70th day after the Change in Control Closing Date, and shall satisfy the rights of the
Participant and the obligations of the Company under this Award Agreement in full. In the event a Change in Control occurs
after the Participant’
s termination of Employment without Cause or due to Retirement, the Target Shares such Participant
shall receive under this Section 7 shall be pro-
rated based on the number of days that elapsed in the Performance Cycle as of
the date of his termination of Employment over the total number of days in the Performance Cycle.
8.
Distribution of Vested Shares.
(a)
If the Participant’
s right to receive shares pursuant to this Award Agreement has vested pursuant to
Section 6(a) or Section 6(b)(ii) or (iv), a number of shares of Common Stock equal to the number of Vested
Shares shall be registered in
book-entry form with the Company’s transfer agent in the Participant’
s name not later
than
March 15th of the calendar year following the calendar year in which occurs the last day of the Performance
Cycle.
(b)
If the Participant’
s right to receive shares pursuant to this Award Agreement has vested pursuant to
Section 6(b)(iii), a number of shares of Common Stock equal to the number of Vested Shares
shall be registered in
book-entry form with the Company’
s transfer agent in the name of the Participant (or his or her estate, if applicable)
not later than the 70th day after the date of Participant’s termination of Employment.
(c)
The Company shall have the right to withhold applicable taxes from any such distribution of Vested
Shares or from other compensation payable to the Participant at the time of such vesting and distribution pursuant to
Section 11 of the Plan (but subject to compliance with the requirements of Section 409A of the Internal Revenue Code
(“Section 409A”), if applicable).
(d)
Upon distribution of the Vested Shares pursuant to Section 8(a) or 8(b) above, the Participant shall also
be entitled to receive a cash payment equal to the sum of all dividends, if any, declared on the Vested Shares after the
commencement of the Performance Cycle but prior to the date the Vested Shares are delivered to the Participant.
9.
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.
10.
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 Secretary of CenterPoint Energy, Inc., 1111 Louisiana, Houston,
Texas 77002, or to such other address as the Company may furnish to the Participant.
5