CenterPoint Energy 2015 Annual Report Download - page 198
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Please find page 198 of the 2015 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.(c)Dividend Equivalents. Upon the date of distribution of shares of Common Stock under this Section 4,the
ParticipantshallalsobeentitledtoreceiveDividendEquivalentsfortheperiodfromtheAwardDatetothedatesuchvested
shares of Common Stock are distributed to the Participant (in accordance with the requirements of Section 409A, to the
extentapplicable).
5. Distribution Upon a Change in Control. Notwithstanding any provision of this Award Agreement to the
contrary,ifthereisaChangeinControlandtheChangeinControlClosingDateoccursduringtheParticipant'sEmploymentand
priorto(a)thefinalVestingDateor(b)avestingeventunderSection4above,then,upontheChangeinControlClosingDate,the
Participant'srighttoreceivetheunvestedunitsofCommonStocksubjecttothisAwardAgreementshallbefullyvested.ThisRSU
Awardshallbesettledbyoneormoredistributions,ontheChangeinControlPaymentDate,totheParticipantof:
(a)Thenumber ofunits ofCommonStock subjectto thisAwardAgreement notpreviously vestedor forfeited
pursuanttoSections3or4above,plus
(b)DividendEquivalentsintheformofsharesofCommonStock(roundeduptothenearestwholeshare)forthe
periodcommencingontheAwardDateandendingonthedateimmediatelyprecedingtheChangeinControlPaymentDate;
withsuchsharesofCommonStockregisteredinbook-entryformwiththeCompany’stransferagentinthenameoftheParticipant.
Inlieuoftheforegoingdistributioninshares,theCommittee,initssolediscretion,maydirectthatsuchdistributionbemadetothe
Participantinoneormorecashpaymentsequalto:
(x)Theproductof(i)theFairMarketValuepershareofCommonStockonthedateimmediatelypreceding
theChangeinControlClosingDateand(ii)thenumberofunitsofCommonStocksubjecttothisAwardAgreement
notpreviouslyvestedorforfeitedpursuanttoSections3or4above,plus
(y) Dividend Equivalents for the period commencing on the Award Date and ending on the date
immediatelyprecedingtheChangeinControlPaymentDate;
withsuchcashpayment(s)tobemadeontheChangeinControlPaymentDate.SuchdistributionunderthisSection5,whetherinthe
form of shares of Common Stock or, if directed by the Committee, in cash, shall satisfy the rights of the Participant and the
obligationsoftheCompanyunderthisAwardAgreementinfull.
6. Payment of RSU Award Under Section 3. UponthevestingoftheParticipant'srighttoreceiveanumberofthe
sharesofCommonStockpursuanttoSection3underthisAwardAgreement,suchsharesofCommonStockwillberegisteredin
book-entryformwiththeCompany’stransferagentintheParticipant’snamenotlaterthanthe70thdayaftertheapplicableVesting
Date.Moreover,uponthedateofdistributionofsharesofCommonStock,theParticipantshallalsobeentitledtoreceiveDividend
EquivalentsfortheperiodcommencingontheAwardDateandendingonthedatesuchvestedsharesofCommonStockare
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