CenterPoint Energy 2015 Annual Report Download - page 207

Exhibit 10(mm)
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CenterPoint Energy, Inc.
Summary of Non-Employee Director Compensation
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The following is a summary of compensation paid to the non-employee directors of CenterPoint Energy, Inc. (the “Company”) effective April 1, 2015. For
additional information regarding the compensation of the non-employee directors, please read the definitive proxy statement relating to the Company’s 2016
annualmeetingofshareholderstobefiledpursuanttoRegulation14A.
• Annualretainerfeeof$90,000forBoardmembership,paidquarterlyinarrears;
• Supplementalannualretainerof$20,000forservingasachairmanoftheAuditCommitteeorCompensationCommittee;and
• Supplementalannualretainerof$15,000forservingasachairmanoftheGovernancecommittee.
Stock Grants. Each non-employee director serving as of May 1, 2015 was granted an annual stock award under the CenterPoint Energy Inc. Stock Plan for
OutsideDirectorsin2015.Thecashvalueoftheseawards,asofthegrantdate,issetannuallybytheBoardofDirectorsoftheCompany.Thenumberofshares
awardedisthendeterminedbydividingthecashvalueofbythefairmarketvalueofthecommonstockonthegrantdate.In2015,theBoarddeterminedthecash
valueofthestockaward,resultinginastockawardtoeachnon-employeedirectorof5,710sharesofcommonstock.
Deferred Compensation Plan. Directorsmayelecteachyeartodeferallorpartoftheirannualretainerfees,includingcommitteechairmanfees,andmeeting
fees.Directorsparticipatingintheseplansmayelecttoreceivedistributionsoftheirdeferredcompensationandinterestinthreeways:(i)anearlydistributionof
either50%or100%oftheiraccountbalanceinanyyearthatisatleastfouryearsfromtheyearofdeferraluptotheyearinwhichtheyreachage70,(ii)alump
sumdistributionpayableintheyearaftertheyreachage70oruponleavingtheBoardofDirectors,whicheverislater,or(iii)15annualinstallmentsbeginningon
thefirstofthemonthcoincidentwithornextfollowingage70oruponleavingtheBoardofDirectors,whicheverislater.