CenterPoint Energy 2015 Annual Report Download - page 201
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Please find page 201 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.EXHIBIT 10(ll)(7)
CENTERPOINT ENERGY, INC.
2009 LONG TERM INCENTIVE PLAN
FORM OF EXECUTIVE CHAIRMAN RESTRICTED STOCK UNIT AWARD AGREEMENT
PursuanttothisRestrictedStockUnitAwardAgreement(“AwardAgreement”),C ENTER P OINT E NERGY , I NC .
(the“Company”)herebygrantsto[NAME],anemployeeoftheCompany,ontheAwardDate,arestrictedstockunitawardofthe
number of units of Common Stock of the Company (the “RSU Award”) as specified on this administrator web site (“Award
Notice”),pursuanttotheC ENTER P OINT E NERGY , I NC . 2009 L ONG T ERM I NCENTIVE P LAN (the“Plan”),subjecttothe
terms,conditionsandrestrictionsdescribedinthePlanandasfollows:
1. Relationship to the Plan; Definitions. This RSU Award is subject to all of the terms, conditions and
provisionsofthePlanineffectonthedatehereofandadministrativeinterpretationsthereunder,ifany,adoptedbytheCommittee.
Exceptasdefinedherein, capitalizedtermsshallhavethesamemeaningsascribed tothemunderthePlan.Totheextentthatany
provisionofthisAwardAgreementconflictswiththeexpresstermsofthePlan,itisherebyacknowledgedandagreedthattheterms
ofthePlanshallcontroland,ifnecessary,theapplicableprovisionsofthisAwardAgreementshallbeherebydeemedamendedsoas
to carry out the purpose and intent of the Plan. References to the Participant herein also include the heirs or other legal
representativesoftheParticipant.ForpurposesofthisAwardAgreement:
“Award Date” meansthedatethisRSUAwardisgrantedtotheParticipantasspecifiedintheAwardNotice.
“Change in Control Closing Date” meansthedateaChangeinControl(asdefinedinthePlan)isconsummated.
“Change in Control Payment Date” meansthefollowing:
(i)IftheChangeinControlisaSection409AChangeinControl,thentheChangeinControlPaymentDate
shallbenotlaterthanthe70thdayaftertheChangeinControlClosingDate;and
(ii) If the Change in Control is a Non-Section 409A Change in Control, then the Change in Control
PaymentDateshallbethefirsttooccurof:
(1) theVestingDate(s)onwhichtheunitsarepaidunderSection3hereofforthenumberofunits
indicatedintheAwardNoticeassumingcontinuousEmploymentbytheParticipantasofsuch
VestingDate(s);or
(2) inthecaseoftheParticipant’sdeathorSeparationfromServiceduetoDisabilityorRetirement
priortotheVesting