Exhibit 10.77
RELIANT ENERGY, INC.
2002 LONG TERM INCENTIVE PLAN
LONG TERM INCENTIVE AWARD
AWARD AGREEMENT
     Pursuant to this award agreement (“Agreement”), as of January 2, 2008,
Reliant Energy, Inc. (the “Company”) hereby grants to Albert H. Myres (the
“Participant”), 6,700 Restricted Stock Units and rights (the “Nonqualified Stock
Options” or “Options”) to purchase from the Company 16,800 shares of Common
Stock of the Company at $26.285 per share. The number of units and shares is
subject to adjustment as provided in Section 15 of the Reliant Energy, Inc. 2002
Long-Term Incentive Plan (the “Plan”), subject to the terms, conditions and
restrictions described in the Plan and in this Agreement.

1.   Relationship to the Plan; Definitions.

  (a)   This grant of Restricted Stock Units and Options is subject to all of
the terms, conditions and provisions of the Plan and administrative
interpretations thereunder, if any, which have been adopted by the Committee and
are in effect on this date. If any provision of this Agreement conflicts with
the express terms of the Plan, the terms of the Plan control and, if necessary,
the applicable provisions of this Agreement are deemed amended so as to carry
out the purpose and intent of the Plan. References to the Participant also
include the heirs or other legal representatives of the Participant or the
Participant’s estate.     (b)   Except as defined herein, capitalized terms have
the same meanings as under the Plan.         Disability means a physical or
mental impairment of sufficient severity such that the Participant is receiving
benefits under the Company’s long-term disability plan.         Employment means
employment with the Company or any of its subsidiaries.         Options mean
Nonqualified Stock Options.         Option Period means the period beginning on
the date of this Agreement and ending on the date the Options expire pursuant to
Section 4.         Option Shares means shares of Common Stock which the
Participant may have the right to purchase under this Agreement.        
Restricted Stock Unit means a Stock Award with restrictions and subject to a
vesting condition as described in this Agreement.

      Retirement means termination of Employment on or after attainment of age
55 with at least five years of service with the Company.

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2.   Account. The Awards granted pursuant to this Agreement will be implemented
by a credit to a bookkeeping account maintained by the Company evidencing the
accrual in favor of the Participant of the unfunded and unsecured right to
receive the Restricted Stock Units and the Options granted. Except as provided
in Section 9, the Awards credited to the bookkeeping account may not be sold,
assigned, transferred, pledged or otherwise encumbered until the Participant has
been registered as the holder of shares of Common Stock representing the
Restricted Stock Units or exercised Options.   3.   Vesting. Unless earlier
forfeited as described below, the Awards will vest as follows:

     (i) The Options will vest and become exercisable in three cumulative annual
installments as follows:
     5,600 Option Shares exercisable on January 2, 2009;
     an additional 5,600 Option Shares exercisable on January 2, 2010;
     and the remaining 5,600 Option Shares exercisable on January 2, 2011.
The Participant must be continuously employed by the Company through the date of
exercisability of each installment for the Options to become exercisable with
respect to additional shares of Common Stock on such date.
     (ii) The Restricted Stock Units will vest on January 2, 2011.
The Participant must be continuously employed by the Company through the date of
vesting for the Restricted Stock Units to vest.

4.   Expiration of Option Period. The Option Period will expire on January 1,
2018 except as follows:

     (i) Upon termination of Employment of the Participant due to death or
Disability, (a) the unvested portion of the Options will expire immediately, and
(b) the vested Options, if any, will expire upon the earlier of (I) one year
following the date of termination of Employment or (II) the expiration of the
Option Period.
     (ii) Upon termination of Employment of the Participant because of
Retirement, (a) the unvested portion of the Options will expire immediately and
(b) the vested Options, if any, will expire upon the earlier of (I) three years
following the date of termination of Employment or (II) the expiration of the
Option Period.
     (iii) Upon termination of Employment of the Participant by the Company or
any of its subsidiaries for any reason or due to voluntary resignation by the
Participant, (a) the unvested portion of the Options will expire immediately and
(b) the vested Options, if any, will expire upon the earlier of (I) one year
following the date of termination of Employment or (II) the expiration of the
Option Period.

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     (iv) Notwithstanding anything herein to the contrary, in the event the
Participant dies following termination of Employment but prior to the expiration
of the Option Period pursuant to this Section 4, the portion of the Option
exercisable upon the Participant’s death will expire one year following the date
of the Participant’s death or, if earlier, upon the expiration of the Option
Period.

5.   Payment of Restricted Stock Units. Upon the vesting of the Participant’s
right to receive Restricted Stock Units, a number of shares of Common Stock
equal to the number of vested Restricted Stock Units will be registered in the
Participant’s name and issued or distributed to him as soon as practicable after
the vesting date, but in no event later than March 15th of the year immediately
following the year during which the vesting date occurs. The Company will have
the right to withhold applicable taxes from any such payment or from other
compensation payable to the Participant at the time of such vesting and delivery
pursuant to Section 12 of the Plan.   6.   Exercise of Options. Subject to the
limitations set forth herein and in the Plan, the Options may be exercised
pursuant to the procedures established by the Committee. Unless otherwise
permitted by the Committee, upon exercise the Participant must provide to the
Company or its designated representative, cash, check or money order payable to
the Company equal to the full amount of the purchase price for any shares of
Common Stock being acquired or, at the election of the Participant, Common Stock
held by the Participant for at least six months equal in value to the full
amount of the purchase price (or any combination of cash, check, money order or
such Common Stock). For purposes of determining the amount, if any, of the
purchase price satisfied by payment in Common Stock, the Common Stock will be
valued at its Fair Market Value on the date of exercise. Any Common Stock
delivered in satisfaction of all or a portion of the purchase price must be
appropriately endorsed for transfer and assignment to the Company. The Company
will have the right to withhold applicable taxes from compensation otherwise
payable to the Participant at the time of exercise pursuant to Section 12 of the
Plan.   7.   Cash Payment Upon a Change of Control. Notwithstanding anything
herein to the contrary, upon or immediately prior to the occurrence of any
Change of Control of the Company prior to one or more of the vesting dates
provided for under this Agreement, (i) the Participant’s right to receive
Restricted Stock Units will vest and will be settled by a cash payment to the
Participant equal to the product of (A) the Fair Market Value per share of
Common Stock on the date immediately preceding the date on which the Change of
Control occurs and (B) the total number of Restricted Stock Units granted, and
(ii) the Participant’s right to receive the Options (unless previously expired
pursuant to Section 4) shall be settled by a cash payment to the Participant
equal to the product of (A) the difference between (1) the Fair Market Value per
share of Common Stock on the date immediately preceding the date on which the
Change in Control occurs and (2) the exercise price of the Options and (B) the
total number of unexercised Option Shares, regardless of whether such Option
Shares have become exercisable under Section 3, with such payments under clauses
(i) and (ii) above in no event made later than March 15th of the year
immediately following the year during which the date immediately prior to the
date of the Change of Control occurs. Such cash payment will satisfy the rights
of the Participant and the obligations of the Company under this Agreement in
full.

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8.   Notices. For purposes of this Agreement, notices and all other
communications must be in writing and will be deemed to have been given when
personally delivered or when mailed by United States registered or certified
mail, return receipt requested, postage prepaid, addressed to the Company at
1000 Main St., Houston, TX 77002, and to the Participant at the address on
record for the Participant in the Company’s human resources department or to
such other address as either party may furnish to the other in writing in
accordance with this Section 8.   9.   Successors and Assigns. This Agreement is
binding upon and inures to the benefit of the Participant, the Company and their
respective permitted successors and assigns. Notwithstanding anything herein to
the contrary, the Restricted Stock Units and/or Options are transferable by the
Participant to Immediate Family Members, Immediate Family Member Trusts and
Immediate Family Member Partnerships pursuant to Section 14 of the Plan.   10.  
No Employment Guaranteed. Nothing in this Agreement gives the Participant any
rights to (or imposes any obligations for) continued Employment by the Company
or any Subsidiary thereof or successor thereto, nor does it give those entities
any rights (or impose any obligations) with respect to continued performance of
duties by the Participant.   11.   Shareholder Rights. The Participant shall
have no rights of a shareholder with respect to the Restricted Stock Units or
the Options unless and until the Participant is registered as the holder of
shares of Common Stock representing the Restricted Stock Units and/or the Option
Shares on the records of the Company.   12.   Section 409A of the Code. It is
intended that this Agreement and any Awards under this Agreement satisfy the
short-term deferral exclusion from Section 409A of the Code.

            RELIANT ENERGY, INC.
      By:   (-S- KAREN D. TAYLOR) [h53976h5397601.gif]         Karen D. Taylor 
      Senior Vice President-Human Resources     

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