CenterPoint Energy 2015 Annual Report Download - page 201

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EXHIBIT 10(ll)(7)
CENTERPOINT ENERGY, INC.
2009 LONG TERM INCENTIVE PLAN
FORM OF EXECUTIVE CHAIRMAN RESTRICTED STOCK UNIT AWARD AGREEMENT
PursuanttothisRestrictedStockUnitAwardAgreement(“AwardAgreement”),C ENTER P OINT E NERGY , I NC .
(the“Company”)herebygrantsto[NAME],anemployeeoftheCompany,ontheAwardDate,arestrictedstockunitawardofthe
number of units of Common Stock of the Company (the “RSU Award”) as specified on this administrator web site (“Award
Notice”),pursuanttotheC ENTER P OINT E NERGY , I NC . 2009 L ONG T ERM I NCENTIVE P LAN (the“Plan”),subjecttothe
terms,conditionsandrestrictionsdescribedinthePlanandasfollows:
1. Relationship to the Plan; Definitions. This RSU Award is subject to all of the terms, conditions and
provisionsofthePlanineffectonthedatehereofandadministrativeinterpretationsthereunder,ifany,adoptedbytheCommittee.
Exceptasdefinedherein, capitalizedtermsshallhavethesamemeaningsascribed tothemunderthePlan.Totheextentthatany
provisionofthisAwardAgreementconflictswiththeexpresstermsofthePlan,itisherebyacknowledgedandagreedthattheterms
ofthePlanshallcontroland,ifnecessary,theapplicableprovisionsofthisAwardAgreementshallbeherebydeemedamendedsoas
to carry out the purpose and intent of the Plan. References to the Participant herein also include the heirs or other legal
representativesoftheParticipant.ForpurposesofthisAwardAgreement:
“Award Date” meansthedatethisRSUAwardisgrantedtotheParticipantasspecifiedintheAwardNotice.
“Change in Control Closing Date” meansthedateaChangeinControl(asdefinedinthePlan)isconsummated.
“Change in Control Payment Date” meansthefollowing:
(i)IftheChangeinControlisaSection409AChangeinControl,thentheChangeinControlPaymentDate
shallbenotlaterthanthe70thdayaftertheChangeinControlClosingDate;and
(ii) If the Change in Control is a Non-Section 409A Change in Control, then the Change in Control
PaymentDateshallbethefirsttooccurof:
(1) theVestingDate(s)onwhichtheunitsarepaidunderSection3hereofforthenumberofunits
indicatedintheAwardNoticeassumingcontinuousEmploymentbytheParticipantasofsuch
VestingDate(s);or
(2) inthecaseoftheParticipant’sdeathorSeparationfromServiceduetoDisabilityorRetirement
priortotheVesting