CenterPoint Energy 2014 Annual Report Download - page 173

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Notices to the Participant shall be deemed effectively delivered or given upon personal, electronic, or postal
delivery of written notice to the Participant, the place of Employment of the Participant, the address on record for the
Participant at the human resources department of the Company, or such other address as the Participant hereafter designates
by written notice to the Company.
11.
Shareholder Rights.
The Participant shall have no rights of a shareholder with respect to the Target
Shares, unless and until the Participant is registered as the holder of shares of Common Stock.
12.
Successors and Assigns.
This Award Agreement shall bind and inure to the benefit of and be
enforceable by the Participant, the Company and their respective permitted successors and assigns except as expressly
prohibited herein and in the Plan. Notwithstanding anything herein or in the Plan to the contrary, the Target Shares are
transferable by the Participant to Immediate Family Members, Immediate Family Member trusts, and Immediate Family
Member partnerships pursuant to Section 13 of the Plan.
13.
No Employment Guaranteed.
Nothing in this Award Agreement shall give the Participant any rights
to (or impose any obligations for) continued Employment by 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.
14.
Waiver.
Failure of either party to demand strict compliance with any of the terms or conditions
hereof shall not be deemed a waiver of such term or condition, nor shall any waiver by either party of any right
hereunder at any one time or more times be deemed a waiver of such right at any other time or times. No term or
condition hereof shall be deemed to have been waived except by written instrument.
15.
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 7 or 8(b),
the Change in Control Closing Date or the date of Participant’
s termination of Employment, 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.
16.
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.
17.
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