CenterPoint Energy 2014 Annual Report Download - page 177

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9.
Successors and Assigns.
This RSU 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 shares of Common
Stock 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.
10.
No Employment Guaranteed.
Nothing in this RSU 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.
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