CenterPoint Energy 2014 Annual Report Download - page 186

Download and view the complete annual report

Please find page 186 of the 2014 CenterPoint Energy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 197

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197

5.
Payment of Award Under Section 3. Upon the vesting of the Participant’
s right to receive the
shares of Common Stock pursuant to Section 3 of this RSU 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. The Company shall have the right to withhold applicable taxes from any such
distribution of the Common Stock (including, but not limited to, Dividend Equivalents) or from other cash compensation
payable to the Participant at the time of such vesting and delivery pursuant to Section 11 of the Plan.
If the units of Common Stock became vested pursuant to Section 3, upon the date of delivery of shares of
Common Stock in settlement of such units, the Participant shall also be entitled to receive Dividend Equivalents on such
shares of Common Stock for the period from the Grant Date to the date such shares of Common Stock are distributed to
the Participant.
6.
Confidentiality.
The Participant agrees that the terms of this RSU 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 RSU
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 RSU Award Agreement.
7.
Notices
. For purposes of this RSU 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.
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 Service 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.
8.
Shareholder Rights.
The Participant shall have no rights of a shareholder with respect to the shares
of Common Stock granted pursuant to this RSU Award, unless and until the Participant is registered as the holder of
such shares of Common Stock.
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.
3