CenterPoint Energy 2015 Annual Report Download - page 198

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(c)Dividend Equivalents. Upon the date of distribution of shares of Common Stock under this Section 4,the
ParticipantshallalsobeentitledtoreceiveDividendEquivalentsfortheperiodfromtheAwardDatetothedatesuchvested
shares of Common Stock are distributed to the Participant (in accordance with the requirements of Section 409A, to the
extentapplicable).
5. Distribution Upon a Change in Control. Notwithstanding any provision of this Award Agreement to the
contrary,ifthereisaChangeinControlandtheChangeinControlClosingDateoccursduringtheParticipant'sEmploymentand
priorto(a)thefinalVestingDateor(b)avestingeventunderSection4above,then,upontheChangeinControlClosingDate,the
Participant'srighttoreceivetheunvestedunitsofCommonStocksubjecttothisAwardAgreementshallbefullyvested.ThisRSU
Awardshallbesettledbyoneormoredistributions,ontheChangeinControlPaymentDate,totheParticipantof:
(a)Thenumber ofunits ofCommonStock subjectto thisAwardAgreement notpreviously vestedor forfeited
pursuanttoSections3or4above,plus
(b)DividendEquivalentsintheformofsharesofCommonStock(roundeduptothenearestwholeshare)forthe
periodcommencingontheAwardDateandendingonthedateimmediatelyprecedingtheChangeinControlPaymentDate;
withsuchsharesofCommonStockregisteredinbook-entryformwiththeCompany’stransferagentinthenameoftheParticipant.
Inlieuoftheforegoingdistributioninshares,theCommittee,initssolediscretion,maydirectthatsuchdistributionbemadetothe
Participantinoneormorecashpaymentsequalto:
(x)Theproductof(i)theFairMarketValuepershareofCommonStockonthedateimmediatelypreceding
theChangeinControlClosingDateand(ii)thenumberofunitsofCommonStocksubjecttothisAwardAgreement
notpreviouslyvestedorforfeitedpursuanttoSections3or4above,plus
(y)    Dividend Equivalents for the period commencing on the Award Date and ending on the date
immediatelyprecedingtheChangeinControlPaymentDate;
withsuchcashpayment(s)tobemadeontheChangeinControlPaymentDate.SuchdistributionunderthisSection5,whetherinthe
form of shares of Common Stock or, if directed by the Committee, in cash, shall satisfy the rights of the Participant and the
obligationsoftheCompanyunderthisAwardAgreementinfull.
6. Payment of RSU Award Under Section 3. UponthevestingoftheParticipant'srighttoreceiveanumberofthe
sharesofCommonStockpursuanttoSection3underthis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.Moreover,uponthedateofdistributionofsharesofCommonStock,theParticipantshallalsobeentitledtoreceiveDividend
EquivalentsfortheperiodcommencingontheAwardDateandendingonthedatesuchvestedsharesofCommonStockare
4