Document:

Exhibit

EXHIBIT 10(ll)(3)

CENTERPOINT ENERGY, INC.
2009 LONG TERM INCENTIVE PLAN

FORM OF QUALIFIED PERFORMANCE AWARD AGREEMENT FOR EXECUTIVE CHAIRMAN 
JANUARY 1, 20XX – DECEMBER 31, 20XX PERFORMANCE CYCLE
Pursuant to this Qualified Performance Award Agreement (the “Award Agreement”), CENTERPOINT ENERGY, INC. (the “Company”) hereby grants to the Participant, an employee of the Company, this Qualified Performance Award (the “Award”) covering the target number of shares of Common Stock (the “Target Shares”) as specified in the award notice on this administrator web site (the “Award Notice”), pursuant to the CENTERPOINT ENERGY, INC. 2009 LONG TERM INCENTIVE PLAN (the “Plan”).  The number of Target Shares shall be subject to adjustment as provided in                Section 14 of the Plan, conditioned upon the Company’s achievement of the Performance Goals over the course of the 20XX – 20XX Performance Cycle, and subject to the following terms and              conditions:
1.Relationship to the Plan.  The 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.  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.   
2.    Definitions.  Except as defined herein, capitalized terms shall have the same meanings ascribed to them under the Plan.  For purposes of this Award Agreement:
“Achievement Percentage” means the percentage of achievement determined by the Committee after the end of the Performance Cycle in accordance with Section 4 that reflects the extent to which the Company achieved the Performance Goals during the Performance    Cycle.
“Change in Control Closing Date” means the date a Change in Control is    consummated during the Performance Cycle.
“Disability” means that the Participant is (i) eligible for and in receipt of benefits          under the Company’s long-term disability plan and (ii) not eligible for Retirement.
“Employment” means employment with the Company or any of its Subsidiaries.
“Performance Cycle” means the period beginning on January 1, 20XX and ending          on December 31, 20XX.
“Performance Goal” means the standards established by the Committee for the Performance Cycle to determine in whole or in part the number of Vested Shares pursuant to 

 

Section 4, which are specified in the performance goals section of the Award Notice and made a part hereof for all purposes.
“Retirement” means a termination of Employment that is also a Separation from    Service (i) on or after the attainment of age 55 and (ii) with at least five years of service;       provided, however, that such termination of Employment is not by the Company for Cause.      For purposes of this Award Agreement, “Cause” means the Participant’s (a) gross negligence in the performance of his or her duties, (b) intentional and continued failure to perform his or her duties, (c) intentional engagement in conduct which is materially injurious to the             Company or its Subsidiaries (monetarily or otherwise) or (d) conviction of a felony or a misdemeanor involving moral turpitude.  For this purpose, an act or failure to act on the part     of the Participant will be deemed “intentional” only if done or omitted to be done by the Participant not in good faith and without reasonable belief that his or her action or omission    was in the best interest of the Company, and no act or failure to act on the part of the                Participant will be deemed “intentional” if it was due primarily to an error in judgment or negligence.
“Separation from Service” means a separation from service with the Company or        any of its Subsidiaries within the meaning of Treasury Regulation § 1.409A-1(h) (or any successor regulation).
“Target Shares” means the actual number of shares originally granted to the       Participant pursuant to the Award Notice. 
“Vested Shares” means the shares of Common Stock actually distributable to the Participant following the Participant’s satisfaction of the vesting provisions of Section 5 and,    if applicable, the determination by the Committee of the extent to which the Company has achieved the Performance Goals for the Performance Cycle pursuant to Section 4.
3.    Establishment of Award Account.  The grant of Target Shares pursuant to          this Award Agreement shall be implemented by a credit to a bookkeeping account maintained by the Company evidencing the Participant’s unfunded and unsecured right to receive shares of Common    Stock of the Company, which right shall be subject to the terms, conditions and restrictions set forth     in the Plan and to the further terms, conditions and restrictions set forth in this Award Agreement.       Except as otherwise provided in this Award Agreement, the Target Shares of Common Stock                  credited to the Participant’s bookkeeping account may not be sold, assigned, transferred, pledged or otherwise encumbered until the Participant has been registered as a holder of shares of Common              Stock on the records of the Company as provided in Section 6 or 7 of this Award Agreement.  
4.    Award Opportunity.
(a)    Except as otherwise provided in Section 5(b)(ii) and Section 6, the         Participant’s Vested Shares shall be the product of the number of Target Shares and the Achievement Percentage that is based upon the Committee’s determination of whether and to what extent the Performance Goals have been achieved during the Performance Cycle.
(b)    No later than 60 days after the close of the Performance Cycle, the               Committee shall determine the extent to which each Performance Goal has been achieved.  If the Company has performed at or above the threshold level of achievement for a                   Performance Goal, the Achievement Percentage shall be between X% and X%.  In no event 

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shall the Achievement Percentage exceed X%.  Upon completing its determination of the             level at which the Performance Goals have been achieved, the Committee shall notify the Participant, in the form and manner as determined by the Committee, of the number of                  Vested Shares that will be issued to the Participant pursuant to Section 6.
5.    Vesting of Shares.
(a)    Unless earlier forfeited in accordance with Section 5(b)(i) or unless earlier    vested in accordance with Section 5(b)(iii) or Section 6, the Participant’s right to receive             shares pursuant to this Award Agreement, if any, shall vest on the last day of the                     Performance Cycle (with the number of shares, if any, based on the Committee’s            determination that each Performance Goal has been met (as provided in Section 4)).  As soon as administratively practicable, but in no event later than 70 days, after the close of the Performance Cycle, the Committee shall notify the Participant as required by Section 4 of the level at which the Performance Goals established for the Performance Cycle have been     achieved.
(b)    If the date of Participant’s termination of Employment occurs prior to the            close of the Performance Cycle or the occurrence of a Change in Control, then the applicable of the following clauses shall apply with respect to the Target Shares subject to this Award Agreement:
(i)    Termination of Employment for Cause.  If the Participant’s     Employment is terminated by the Company or any of its Subsidiaries for Cause, then the Participant’s rights to receive any Target Shares shall be forfeited in its entirety as of the date of such termination of Employment. 
(ii)    Termination of Employment without Cause. If the Participant’s Employment is terminated by the Company or any of its Subsidiaries without Cause or by the Participant for any reason other than due to death, Disability or Retirement,             then the Participant’s right to receive shares pursuant to this Award Agreement, if                any, shall vest on the date the Committee determines that each Performance Goal has been met (as provided in Section 4) in a pro-rata amount determined by multiplying      (1) the number of Vested Shares awarded to the Participant based upon the          Committee’s determination of achievement of Performance Goals as provided in     Section 4, by (2) a fraction, the numerator of which is the number of days elapsed in    the Performance Cycle as of the date of the Participant’s termination of Employment, and the denominator of which is the total number of days in the Performance Cycle.
(iii)    Death or Disability.  If the Participant’s Employment is terminated            due to death or Disability, the Participant’s right to receive the Target Shares shall                vest on the date of termination of Employment in the proportion of the number of               days elapsed in the Performance Cycle as of the date of termination by the total            number of days in the Performance Cycle.  The Participant’s right to receive any additional shares pursuant to this Award Agreement shall be forfeited at such time.
(iv)    Retirement.  If the Participant’s Employment is terminated due to Retirement, the Participant’s right to receive shares pursuant to this Award            Agreement, if any, shall vest on the date the Committee determines that each 

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Performance Goal has been met (as provided in Section 4) in a pro-rata amount determined by multiplying (1) the number of Vested Shares awarded to the              Participant based upon the Committee’s determination of achievement of          Performance Goals as provided in Section 4, by (2) a fraction, the numerator of                 which is the number of days elapsed in the Performance Cycle as of the date of the Participant’s termination of Employment, and the denominator of which is the total number of days in the Performance Cycle.
(c)    In accordance with the provisions of this Section 5, the Vested Shares shall              be distributed as provided in Section 7 hereof.
6.    Distribution Upon a Change in Control.  Notwithstanding anything herein     to the contrary and without regard to the Performance Goals, if there is a Change in Control during        the Performance Cycle, upon the Change in Control Closing Date, the Participant’s right to receive        the Target Shares shall vest and be settled by the distribution to the Participant of:
(a)    shares of Common Stock equal to the Target Shares; plus
(b)    Dividend Equivalents in the form of shares of Common Stock (rounded up to the nearest whole share) for the number of such shares determined under clause (a) for the      period commencing at the beginning of the Performance Cycle and ending on the date immediately preceding the Change in Control Closing Date;
with such shares of Common Stock registered in book-entry form with the Company’s transfer agent in the Participant’s name.  In lieu of the foregoing distribution in shares, the Committee, in its sole discretion, may direct that such distribution be made to the Participant in a lump cash payment equal to:
(x)    the product of (i) the Fair Market Value per share of Common Stock on the        date immediately preceding the Change in Control Closing Date and (ii) the Target Shares;       plus
(y)    Dividend Equivalents for the number of shares of Common Stock determined under clause (a) above for the period commencing at the beginning of the Performance Cycle and ending on the date immediately preceding the Change in Control Closing Date.
Such distribution, whether in the form of shares of Common Stock or, if directed by the Committee,     in cash, shall be made to the Participant no later than the 70th day after the Change in Control                    Closing Date, and shall satisfy the rights of the Participant and the obligations of the Company under this Award Agreement in full.  In the event a Change in Control occurs after the Participant’s          termination of Employment without Cause or due to Retirement, the Target Shares such Participant    shall receive under this Section 6 shall be pro-rated based on the number of days that elapsed in the Performance Cycle as of the date of his termination of Employment over the total number of days in the Performance Cycle.
7.    Distribution of Vested Shares.
(a)    If the Participant’s right to receive shares pursuant to this Award           Agreement has vested pursuant to Section 5(a) or Section 5(b)(ii) or (iv), a number of          shares of Common Stock equal to the number of Vested Shares shall be registered in                

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book-entry form with the Company’s transfer agent in the Participant’s name not later than March 15th of the calendar year following the calendar year in which occurs the last day    of the Performance Cycle. 
(b)    If the Participant’s right to receive shares pursuant to this Award Agreement has vested pursuant to Section 5(b)(iii), a number of shares of Common Stock equal to the               number of Vested Shares shall be registered in book-entry form with the Company’s transfer agent in the name of the Participant (or his or her estate, if applicable) not later than the 70th day after the date of Participant’s termination of Employment.
(c)    The Company shall have the right to withhold applicable taxes from any such distribution of Vested Shares or from other compensation payable to the Participant at the              time of such vesting and distribution pursuant to Section 11 of the Plan (but subject to      compliance with the requirements of Section 409A of the Internal Revenue Code (“Section 409A”), if applicable).
(d)    Upon distribution of the Vested Shares pursuant to Section 7(a) or 7(b)               above, the Participant shall also be entitled to receive Dividend Equivalents for the Vested      Shares for the period after the commencement of the Performance Cycle but prior to the date the Vested Shares are delivered to the Participant.
8.    Confidentiality.  The Participant agrees that the terms of this Award        Agreement are confidential and that any disclosure to anyone for any purpose whatsoever (save and except disclosure to financial institutions as part of a financial statement, financial, tax and legal     advisors, or as required by law) by the Participant or his or her agents, representatives, heirs,                  children, spouse, employees or spokespersons shall be a breach of this Award Agreement and the Company may elect to revoke the grant made hereunder, seek damages, plus interest and reasonable attorneys’ fees, and take any other lawful actions to enforce this Award Agreement.
9.    Notices.  For purposes of this Award Agreement, notices to the Company             shall be deemed to have been duly given upon receipt of written notice by the Corporate Secretary of CenterPoint Energy, Inc., 1111 Louisiana, Houston, Texas 77002, or to such other address as the Company may furnish to the Participant.
Notices to the Participant shall be deemed effectively delivered or given upon          personal, electronic, or postal delivery of written notice to the Participant, the place of Employment      of the Participant, the address on record for the Participant at the human resources department of the Company, or such other address as the Participant hereafter designates by written notice to the       Company.
10.    Shareholder Rights.  The Participant shall have no rights of a shareholder          with respect to the Target Shares, unless and until the Participant is registered as the holder of shares    of Common Stock.
11.    Successors and Assigns.  This Award Agreement shall bind and inure to the benefit of and be enforceable by the Participant, the Company and their respective permitted           successors and assigns except as expressly prohibited herein and in the Plan.  Notwithstanding          anything herein or in the Plan to the contrary, the Target Shares are transferable by the Participant to 

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Immediate Family Members, Immediate Family Member trusts, and Immediate Family Member partnerships pursuant to Section 13 of the Plan.
12.    No Employment Guaranteed.  Nothing in this Award Agreement shall give the Participant any rights to (or impose any obligations for) continued Employment by the Company or any Subsidiary or any successor thereto, nor shall it give such entities any rights (or impose any obligations) with respect to continued performance of duties by the Participant.
13.    Waiver.  Failure of either party to demand strict compliance with any of the terms or conditions hereof shall not be deemed a waiver of such term or condition, nor shall any waiver by either party of any right hereunder at any one time or more times be deemed a waiver of such right at any other time or times.  No term or condition hereof shall be deemed to have been waived except by written instrument.
14.    Exclusion from Section 409A.  At all times prior to the date that the         Committee determines that each Performance Goal has been met (following the last date of the Performance Cycle) or, if applicable under Section 6 or 7(b), the Change in Control Closing Date or the date of Participant’s termination of Employment, respectively, the benefit payable under this           Award Agreement is subject to a substantial risk of forfeiture within the meaning of Treasury         Regulation § 1.409A-1(d) (or any successor regulation).  Accordingly, this Award is not subject to Section 409A under the short term deferral exclusion, and this Award Agreement shall be       interpreted and administered consistent therewith.
15.    Compliance with Recoupment Policy.  Any amounts payable, paid, or distributed under this Award Agreement are subject to the recoupment policy of the Company as in effect from time to time.
16.    Modification of Award Agreement.  Any modification of this Award Agreement shall be binding only if evidenced in writing and signed by an authorized representative       of the Company. 

     -6-Exhibit

EXHIBIT 10(ll)(5)

CENTERPOINT ENERGY, INC.
2009 LONG TERM INCENTIVE PLAN 

FORM OF RESTRICTED STOCK UNIT AWARD AGREEMENT

Pursuant to this Restricted Stock Unit Award Agreement (“Award Agreement”), CENTERPOINT ENERGY, INC. (the “Company”) hereby grants to the Participant, 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 CENTERPOINT ENERGY, INC. 2009 LONG TERM INCENTIVE PLAN (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 

 

Date(s), all shares not previously paid shall be paid at the    time of distribution indicated in Section 4(b).
“Disability” means that the Participant is both eligible for and in receipt of           benefits under the Company's long-term disability plan.
“Employment” means employment with the Company or any of its Subsidiaries.
“Non-Section 409A Change in Control” means a Change in Control that is not a Section 409A Change in Control.
“Retirement” means a Separation from Service (i) on or after attainment of age      55 and (ii) with at least five years of Employment; provided, however, that such Separation from Service is not by the Company for Cause.  For purposes of this Award Agreement, “Cause”                 means the Participant's (a) gross negligence in the performance of his or her duties, (b)                 intentional and continued failure to perform his or her duties, (c) intentional engagement in          conduct which is materially injurious to the Company or its Subsidiaries (monetarily or            otherwise) or (d) conviction of a felony or a misdemeanor involving moral turpitude.  For this purpose, an act or failure to act on the part of the Participant will be deemed “intentional” only if done or omitted to be done by the Participant not in good faith and without reasonable belief that his or her action or omission was in the best interest of the Company, and no act or failure to act on the part of the Participant will be deemed “intentional” if it was due primarily to an error in judgment or negligence.
“Section 409A” means Code Section 409A and the Treasury regulations and guidance issued thereunder.
“Section 409A Change in Control” means a Change in Control that satisfies the requirements of a change in control for purposes of Code Section 409A(a)(2)(A)(v) and the      Treasury regulations and guidance issued thereunder.
“Separation from Service” means a separation from service with the Company       or any of its Subsidiaries within the meaning of Treasury Regulation § 1.409A-1(h) (or any     successor regulation).
“Termination Date” means the date of the Participant's Separation from Service.
“Vesting Date” means one or more vesting dates as specified in the Award              Notice.
2.    Establishment of RSU Award Account.  The grant of units of Common Stock of the Company pursuant to this Award Agreement shall 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 a corresponding number of shares of Common Stock, which right shall be subject to the terms, conditions and restrictions set forth in the Plan and to the further terms, conditions and restrictions set forth in this Award Agreement.  Except as otherwise provided in Section 10 of this Award Agreement, the units of Common                 Stock credited to the Participant's bookkeeping account may not be sold, assigned, transferred, 

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pledged or otherwise encumbered until the Participant has been registered as the holder of shares of Common Stock on the records of the Company, as provided in Sections 4, 5 or 6 of this                      Award Agreement.
3.    Vesting of RSU Award.  Unless earlier (a) vested or forfeited pursuant to this Section 3 or Section 4(a) below or (b) vested upon the occurrence of a Change in Control pursuant to Section 5 below, the Participant's right to receive shares of Common Stock under this Award Agreement shall vest on the Vesting Date(s) for the number of units indicated in the                 Award Notice.  Except as provided in Sections 4 and 5 below, the Participant must be in              continuous Employment during the period beginning on the Award Date and ending on the            Vesting Date(s) in order for the units (as indicated in the Award Notice) of the RSU Award to                vest on such Vesting Date; otherwise, all unvested units shall be forfeited as of the Participant's Termination Date.
4.    Effect of Separation from Service; Timing of Distribution.  
(a)    Separation from Service Prior to the Final Vesting Date or Change in      Control.  Notwithstanding Section 3 above, if the Participant's Termination Date occurs    prior to (i) the final Vesting Date or (ii) the occurrence of a Change in Control, due to the Participant's death or Separation from Service due to Disability or Retirement, then the Participant shall vest in the right to receive a number of the shares of Common Stock    (rounded up to the nearest whole share) with respect to the unvested portion of this RSU Award determined by multiplying (A) the total number of units of Common Stock             covered by this RSU Award by (B) a fraction, the numerator of which is the number of        days that have elapsed from the Award Date to the Participant's Termination Date, and                 the denominator of which is the total number of days from the Award Date until the final Vesting Date.
(b)    Timing of Distribution.  
(1)    Death.  If the Participant is entitled to a benefit pursuant to Section 4(a) hereof due to the Participant's death, the number of shares of Common Stock determined in accordance with Section 4(a) shall be registered in book-entry form with the Company’s transfer agent in the name of the Participant (or his or her         estate) as soon as practicable but not later than the 70th day after the date of the Participant's death.
(2)    Disability or Retirement.  If the Participant is entitled to a benefit pursuant to Section 4(a) hereof due to the Participant's Separation from Service          due to Disability or Retirement, then the number of shares of Common Stock determined in accordance with Section 4(a) shall be registered in book-entry form with the Company’s transfer agent in the name of the Participant on the date that       is the earlier of (x) the second business day following the end of the six-month       period commencing on the Participant's Termination Date or (y) the Participant's date of death, if death occurs during such six-month period.

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(c)    Dividend Equivalents.  Upon the date of distribution of shares of Common Stock under this Section 4, the Participant shall also be entitled to receive Dividend Equivalents for the period from the Award Date to the date such vested shares of                Common Stock are distributed to the Participant (in accordance with the requirements of Section 409A, to the extent applicable).
5.    Distribution Upon a Change in Control.  Notwithstanding any provision of this Award Agreement to the contrary, if there is a Change in Control and the Change in                 Control Closing Date occurs during the Participant's Employment and prior to (a) the final             Vesting Date or (b) a vesting event under Section 4 above, then, upon the Change in Control          Closing Date, the Participant's right to receive the unvested units of Common Stock subject to           this Award Agreement shall be fully vested.  This RSU Award shall be settled by one or more distributions, on the Change in Control Payment Date, to the Participant of:
(a)    The number of units of Common Stock subject to this Award Agreement       not previously vested or forfeited pursuant to Sections 3 or 4 above, plus
(b)    Dividend Equivalents in the form of shares of Common Stock (rounded up to the nearest whole share) for the period commencing on the Award Date and ending on the date immediately preceding the Change in Control Payment Date;
with such shares of Common Stock registered in book-entry form with the Company’s transfer agent in the name of the Participant. In lieu of the foregoing distribution in shares, the                Committee, in its sole discretion, may direct that such distribution be made to the Participant in    one or more cash payments equal to:
(x)    The product of (i) the Fair Market Value per share of Common          Stock on the date immediately preceding the Change in Control Closing Date and (ii) the number of units of Common Stock subject to this Award Agreement not previously vested or forfeited pursuant to Sections 3 or 4 above, plus
(y)    Dividend Equivalents for the period commencing on the Award       Date and ending on the date immediately preceding the Change in Control           Payment Date;
with such cash payment(s) to be made on the Change in Control Payment Date.  Such                 distribution under this Section 5, whether in the form of shares of Common Stock or, if directed    by the Committee, in cash, shall satisfy the rights of the Participant and the obligations of the Company under this Award Agreement in full.
6.    Payment of RSU Award Under Section 3.  Upon the vesting of the Participant's right to receive a number of the shares of Common Stock pursuant to Section 3                   under this Award Agreement, such shares of Common Stock will be registered in book-entry               form with the Company’s transfer agent in the Participant’s name not later than the 70th day after the applicable Vesting Date.  Moreover, upon the date of distribution of shares of Common                 Stock, the Participant shall also be entitled to receive Dividend Equivalents for the period commencing on the Award Date and ending on the date such vested shares of Common Stock are 

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distributed to the Participant (in accordance with the requirements of Section 409A, to the extent applicable).
7.    Confidentiality.  The Participant agrees that the terms of this Award Agreement are confidential and that any disclosure to anyone for any purpose whatsoever (save and except disclosure to financial institutions as part of a financial statement, financial, tax and legal advisors, or as required by law) by the Participant or his or her agents, representatives,                 heirs, children, spouse, employees or spokespersons shall be a breach of this Award Agreement      and the Company may elect to revoke the grant made hereunder, seek damages, plus interest and reasonable attorneys' fees, and take any other lawful actions to enforce this Award Agreement.
8.    Notices.  For purposes of this Award Agreement, notices to the Company shall be deemed to have been duly given upon receipt of written notice by the Corporate                Secretary of CenterPoint Energy, Inc., 1111 Louisiana, Houston, Texas 77002, or to such other address as the Company may furnish to the Participant.
Notices to the Participant shall be deemed effectively delivered or given upon personal, electronic, or postal delivery of written notice to the Participant, the place of          Employment of the Participant, the address on record for the Participant at the human resources department of the Company, or such other address as the Participant hereafter designates by          written notice to the Company.
9.    Shareholder Rights.  The Participant shall have no rights of a shareholder with respect to the units of Common Stock subject to this Award Agreement, unless and until the Participant is registered as the holder of such shares of Common Stock.
10.    Successors and Assigns.  This Award Agreement shall bind and inure to       the benefit of and be enforceable by the Participant, the Company and their respective permitted successors and assigns except as expressly prohibited herein and in the Plan.  Notwithstanding anything herein or in the Plan to the contrary, the units of Common Stock are transferable by the Participant to Immediate Family Members, Immediate Family Member trusts, and Immediate Family Member partnerships pursuant to Section 13 of the Plan.
11.    No Employment Guaranteed.  Nothing in this Award Agreement shall       give the Participant any rights to (or impose any obligations for) continued Employment by the Company or any Subsidiary, or any successor thereto, nor shall it give such entities any rights (or impose any obligations) with respect to continued performance of duties by the Participant.
12.    Waiver.  Failure of either party to demand strict compliance with any of the terms or conditions hereof shall not be deemed a waiver of such term or condition, nor shall any waiver by either party of any right hereunder at any one time or more times be deemed a waiver of such right at any other time or times.  No term or condition hereof shall be deemed to have been waived except by written instrument.
13.    Compliance with Section 409A.  It is the intent of the Company and the Participant that the provisions of the Plan and this Award Agreement comply with Section 409A and will be interpreted and administered consistent therewith.  Accordingly, (i) no adjustment to 

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the RSU Award pursuant to Section 14 of the Plan and (ii) no substitutions of the benefits under this Award Agreement, in each case, shall be made in a manner that results in noncompliance                with the requirements of Section 409A, to the extent applicable.
14.    Withholding.  The Company shall have the right to withhold applicable    taxes from any distribution of the Common Stock (including, but not limited to, Dividend Equivalents) or from other cash compensation payable to the Participant at the time of such            vesting and delivery pursuant to Section 11 of the Plan (but subject to compliance with the requirements of Section 409A, if applicable).  
15.    Modification of Award Agreement.  Any modification of this Award Agreement is subject to Section 13 hereof and shall be binding only if evidenced in writing and signed by an authorized representative of the Company.

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