Exhibit 10.1

yieldexhibit101formof_image1.gif [yieldexhibit101formof_image1.gif]NRG YIELD,
INC. 2013 EQUITY INCENTIVE PLAN
RESTRICTED STOCK UNIT AGREEMENT
_____________________________________________________________________
Name
Address
City, ST Zip

Congratulations on your selection as a Participant under the NRG Yield, Inc.
2013 Equity Incentive Plan (the “Plan”) of NRG Yield, Inc. (the “Company”). You
have been chosen to receive Restricted Stock Units (“RSUs”) under the Plan.
This Restricted Stock Unit Agreement (this “Agreement”) constitutes the Grant
Agreement pursuant to Section 8 of the Plan. If there is any inconsistency
between the terms of this Agreement and the terms of the Plan, the Plan’s terms
shall completely supersede and replace the conflicting terms of this Agreement.
Capitalized terms used but not defined in this Agreement shall have the meaning
assigned to them in the Plan. You are sometimes referred to as the “Participant”
in this Agreement.
If you disagree with any of the terms of this Award or choose not to accept this
Award, please contact Jennifer Wallace at 713-537-2182 within 45 days of Date of
Grant. Otherwise, you will be deemed to have accepted this Award under the terms
and conditions set forth in this Agreement and the Plan.
1.
Grant of RSU

You are hereby granted RSUs as follows:

Date of Grant:
Date of Grant
Vesting Commencement Date:
Date of Grant
Vesting Period:
Please refer to Section 2 of this Agreement
Total Number of RSUs:
Amount

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2.
Vesting Schedule

Provided that you have been continuously employed by the Company during the
vesting period, the RSUs will vest in full on the third anniversary of the Date
of Grant.
Notwithstanding the foregoing, if the Company terminates your employment without
Cause (as defined in the Plan) in connection with a Change in Control (as
defined in the Plan), the RSUs shall vest in full immediately upon the later of
such Change in Control or such termination of employment. The Company’s
termination of your employment may be treated as being in connection with a
Change in Control only if such termination occurs during the period beginning
six months prior to the Change in Control and ending twelve months following the
Change in Control.
3.
Conversion of RSU and Issuance of Shares

Upon vesting of the Award, one share of Class C Common Stock of the Company
shall be issued for each RSU that vests on such vesting date, subject to the
terms and conditions of this Agreement and the Plan.
4.
Dividend Equivalent Rights

Cash dividends on Common Stock issuable hereunder shall be credited to a
dividend book entry account on behalf of the Participant with respect to each
RSU granted to the Participant, provided that such cash dividends shall be
deemed to be reinvested in shares of Common Stock immediately following the time
declared at the then fair market value of the Common Stock and shall vest and be
paid at the same time that the shares of Common Stock underlying the RSUs vest
and are delivered to the Participant in accordance with the provisions hereof.
Stock dividends on shares of Common Stock issuable hereunder shall be credited
to a dividend book entry account on behalf of the Participant with respect to
each RSU granted to the Participant, provided that such stock dividends shall
vest and be paid at the same time that the shares of Common Stock underlying the
RSU vest and are delivered to the Participant in accordance with the provisions
hereof. Notwithstanding the foregoing, in the event that there are insufficient
shares of Common Stock available in the Plan to settle the accrued dividends in
shares of Common Stock, such shares shall be settled in cash in an amount equal
to the fair market of such shares of Common Stock at the time of settlement.
Except as otherwise provided herein, the Participant shall have no rights as a
stockholder with respect to any shares of Common Stock covered by any RSU unless
and until the Participant has become the holder of record of such shares.
5.
Transfer of RSUs

Unless otherwise permitted by the Committee (as defined in the Plan) or Section
16 of the Plan, the RSUs may not be sold, transferred, pledged, assigned or
otherwise alienated or hypothecated, other than pursuant to a will or the laws
of descent and distribution. Any attempted disposition in violation of this
Section 5 of this Agreement and Section 16 of the Plan shall be void.
6.
Status of Participant

The Participant shall not be, or have rights as, a stockholder of the Company
with respect to any of the shares of Common Stock subject to the Award unless
such Award has vested, and shares underlying the RSU have been issued and
delivered to him or her. The Company shall not be required to issue or transfer
any certificates for shares of Common Stock upon vesting of the Award until all
applicable requirements of law have been complied with and such shares have been
duly listed on any securities exchange on which the Common Stock may then be
listed.
7.
No Effect on Capital Structure

The Award shall not affect the right of the Company or any Subsidiary to
reclassify, recapitalize or otherwise change its capital or debt structure or to
merge, consolidate, convey any or all of its assets, dissolve, liquidate,
windup, or otherwise reorganize.
8.
Expiration and Forfeiture of Award

Your Award shall vest and/or expire in the circumstances described below in this
Section 9. As used herein, “Termination of Service” means termination of a
Participant’s employment by or service to the Company, including any of its
Subsidiaries.
(a)
Death

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Upon a Termination of Service by reason of death, the Award shall vest in full
and the Common Stock underlying the Award shall be issued and delivered to the
Participant's legal representatives, heirs, legatees, or distributees.
(b)
Qualified Retirement

Upon a Termination of Service for a Qualified Retirement, defined as the
retirement of an employee with more than 10 years of service with the Company
who is at least 55 years of age at the time of the Retirement, the Award shall
continue to vest according to the vesting schedule if the Retirement occurs more
than 12 months following the Grant Date.
(c)
Qualified Disability

Upon a Termination of Service as a result of Total and Permanent Disability,
under the terms of the Company’s “Absence due to Extended Illness/Disability”
policy, the Award shall vest in full and the Common Stock underlying the Award
shall be immediately issued and delivered to the Participant. In the absence of
a Company “Absence due to Extended Illness/Disability” policy, the Committee, in
its discretion, shall determine whether a Termination of Service as a result of
Total and Permanent Disability has occurred.
(d)
Termination of Service other than as a result of Death, Qualified Retirement, or
Qualified Disability

Upon a Termination of Service by any reason other than death, Qualified
Retirement, or Qualified Disability, including without limitation as a result of
non-qualified retirement, non-qualified disability, voluntary resignation or
termination for Cause, any unvested portion of the Award shall expire and be
forfeited to the Company.
(e)
Forfeiture as a result of misconduct

Unless otherwise determined by the Committee, if the Company, NRG Energy, Inc.
or their respective Subsidiaries is required to prepare a material restatement
of its financial statements as a result of misconduct, and the Committee
determines that you knowingly engaged in the misconduct, were grossly negligent
with respect to such misconduct, or knowingly or grossly negligently failed to
prevent the misconduct, or the Committee concludes that you engaged in willful
fraud, embezzlement or other similar activity (including acts of omission)
materially detrimental to the Company, NRG Energy, Inc., or their Subsidiaries,
the Company may require you (or your beneficiary) to reimburse the Company, NRG
Energy, Inc., or their Subsidiaries, for all or any portion of your Award,
and/or to forfeit the proceeds of the sale (including sales to the Company)
during the 12-month period following the first public filing of the financial
document requiring restatement, or during the 12-month period following the date
of your misconduct, of any Company securities acquired by or on behalf of you
(or your beneficiary) pursuant to an Award under this Agreement.
9.
Committee Authority

Any question concerning the interpretation of this Agreement, any adjustments
required to be made under the Plan, and any controversy that may arise under the
Plan or the Grant Agreement shall be determined by the Committee in its sole
discretion. Any decisions by the Committee regarding the Plan or this Agreement
shall be final and binding.
10.
Plan Controls

The terms of this Agreement are governed by the terms of the Plan, as it exists
on the date of the grant and as the Plan is amended from time to time. In the
event of any conflict between the provisions of this Agreement and the
provisions of the Plan, the terms of the Plan shall control.
11.
Limitation on Rights; No Right to Future Grants; Extraordinary Item

By entering into this Agreement and accepting the Award, the Participant
acknowledges that: (a) the Plan is discretionary and may be modified, suspended
or terminated by the Company at any time as provided in the Plan, provided that,
except as provided in Section 24 of the Plan, no amendment to this Agreement
shall adversely affect in a material manner the Participant’s rights under this
Agreement without his or her written consent; (b) the grant of the Award is a
one-time benefit and does not create any contractual or other right to receive
future grants of awards or benefits in lieu of awards; (c) all determinations
with respect to any such future grants, including, but not limited to, the times
when awards will be granted, the number of shares subject to each award, the
award price, if any, and the time or times when each award will be settled, will
be at the sole discretion of the Company; (d) participation in the Plan is
voluntary; (e) the value of the Award is an extraordinary item which is outside
the scope of the Participant's employment contract, if any, unless expressly
provided for in any such employment contract; (f) the Award is not part of
normal or expected compensation for any purpose, including without limitation
for calculating any benefits, severance, resignation, termination, redundancy,
end of service payments, bonuses, long-service awards, pension or retirement
benefits or similar payments, and the Participant will have no entitlement to
compensation or damages as a consequence of the forfeiture of any unvested
portion of the Award as a result of the

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Participant’s Termination of Service for any reason; (g) the future value of the
Common Stock subject to the Award is unknown and cannot be predicted with
certainty, (h) neither the Plan, the Award nor the issuance of the shares
underlying the Award confers upon the Participant any right to continue in the
employ or service of (or any other relationship with) the Company or any
Subsidiary, nor do they limit in any respect the right of the Company or any
Subsidiary to terminate the Participant’s employment or other relationship with
the Company or any Subsidiary, as the case may be, at any time with or without
Cause, and (i) the grant of the Award will not be interpreted to form an
employment relationship with the Company or any Subsidiary; and furthermore, the
grant of the Award will not be interpreted to form an employment contract with
the Company or any Subsidiary.
12.
General Provisions

(a)
Notice

Whenever any notice is required or permitted hereunder, such notice must be in
writing and delivered in person or by mail (to the address set forth below if
notice is being delivered to the Company) or electronically. Any notice
delivered in person or by mail shall be deemed to be delivered on the date on
which it is personally delivered, or, whether actually received or not, on the
third business day after it is deposited in the United States mail, certified or
registered, postage prepaid, addressed to the person who is to receive it at the
address set forth in this Agreement. Notices delivered to the Participant in
person or by mail shall be addressed to the address for the Participant in the
records of the Company. Notices delivered to the Company in person or by mail
shall be addressed as follows:
Company:    NRG Yield, Inc.
Attn: Deputy General Counsel & Corporate Secretary
804 Carnegie Center
Princeton, NJ 08540
The Company or the Participant may change, by written notice to the other, the
address previously specified for receiving notices.
(b)
No Waiver

No waiver of any provision of this Agreement will be valid unless in writing and
signed by the person against whom such waiver is sought to be enforced, nor will
failure to enforce any right under this Agreement constitute a continuing waiver
of the same or a waiver of any other right hereunder.
(c)
Undertaking

The Participant hereby agrees to take whatever additional action and execute
whatever additional documents the Company may deem necessary or advisable in
order to carry out or effect one or more of the obligations or restrictions
imposed on either the Participant or the Award pursuant to the express
provisions of this Agreement.
(d)
Entire Contract

This Agreement and the Plan constitute the entire contract between the parties
hereto with regard to the subject matter hereof. This Agreement is made pursuant
to the provisions of the Plan and will in all respects be construed in
conformity with the express terms and provisions of the Plan.
(e)
Successors and Assigns

The provisions of this Agreement shall inure to the benefit of, and be binding
on, the Company and its successors and assigns and Participant and Participant's
legal representatives, heirs, legatees, distributees, assigns and transferees by
operation of law.
(f)
Securities Law Compliance

The Company currently has an effective registration statement on file with the
Securities and Exchange Commission with respect to the shares of Common Stock
subject to the Award. The Company intends to maintain this registration but has
no obligation to the Participant to do so. If the registration ceases to be
effective, the Participant will not be able to transfer or sell shares of Common
Stock issued pursuant to the Award unless exemptions from registration under
applicable securities laws are available. Such exemptions from registration are
very limited and might be unavailable. Participant agrees that any resale of the
shares of Common Stock issued pursuant to the Award shall comply in all respects
with the requirements of all applicable securities laws, rules and regulations
(including, without limitation, the provisions of the Securities Act of 1933,
the Securities Exchange Act of 1934 and the respective rules and regulations
promulgated thereunder) and any other law, rule or regulation applicable
thereto, as such laws, rules, and regulations

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may be amended from time to time. The Company shall not be obligated to either
issue shares of Common Stock or permit the resale of any such shares if such
issuance or resale would violate any such requirements.
(g)
Taxes

Participant acknowledges that the removal of restrictions with respect to an RSU
will give rise to a withholding tax liability, and that no shares of Common
Stock are issuable hereunder until such withholding obligation is satisfied in
full. The Participant agrees to remit to the Company the amount of any taxes
required to be withheld. The Committee, in its sole discretion, may permit
Participant to satisfy all or part of such tax obligation through withholding of
the number of shares of Stock otherwise issued to him or her hereunder and/or by
the Participant transferring to the Company nonrestricted shares of Common Stock
previously owned by the Participant for at least six (6) months prior to the
vesting of the Award hereunder, with the amount of the withholding to be
credited based on the current Fair Market Value of the Stock as of the date the
amount of tax to be withheld is determined.
(h)
Information Confidential

As partial consideration for the granting of the Award, the Participant agrees
that he or she will keep confidential all information and knowledge that the
Participant has relating to the manner and amount of his or her participation in
the Plan; provided, however, that such information may be disclosed as required
by law and may be given in confidence to the Participant's spouse, tax and
financial advisors, or to a financial institution to the extent that such
information is necessary to secure a loan.
(i)
Governing Law

Except as may otherwise be provided in the Plan, the provisions of this
Agreement shall be governed by the laws of the state of Delaware, without giving
effect to principles of conflicts of law.
(j)
Code Section 409A Compliance

Notwithstanding any provision of this Agreement, to the extent that the
Committee determines that any Award granted under this Agreement is subject to
Section 409A of the Code and fails to comply with the requirements of Section
409A of the Code, notwithstanding anything to the contrary contained in the Plan
or in this Agreement, the Committee reserves the right to amend, restructure,
terminate or replace the Award in order to cause the Award to either not be
subject to Section 409A of the Code or to comply with the applicable provisions
of such section.

NRG YIELD, INC.

 
/s/ Mauricio Gutierrez
Name:
Mauricio Gutierrez
Title:
Chairman of the Board