Document:

Exhibit

Exhibit 10(r)

CenterPoint Energy, Inc.
Summary of Non-Employee Director Compensation

The following is a summary of compensation paid to the non-employee directors of CenterPoint Energy, Inc. (the “Company”) effective April 25, 2019. For additional information regarding the compensation of the non-employee directors, please read the definitive proxy statement relating to the Company’s 2020 annual meeting of shareholders to be filed pursuant to Regulation 14A.

		
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	Annual retainer fee of $110,000 for Board membership, paid quarterly in arrears;

		
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	Supplemental annual retainer of $20,000 for serving as a chairman of the Audit Committee or Compensation Committee; and

		
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	Supplemental annual retainer of $15,000 for serving as a chairman of the Finance Committee or Governance Committee.

Stock Grants. Each non-employee director serving as of May 1, 2019 was granted an annual stock award under the CenterPoint Energy Inc. Stock Plan for Outside Directors in 2019.  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 by the fair market value of the common stock on the grant date.  In 2019, the Board determined a cash value for the stock award, as of the grant date, of $150,000, resulting in a stock award to each non-employee director of 4,873 shares of common stock. The annual stock award granted in 2019 and any future stock awards under the Stock Plan for Outside Directors are immediately fully vested upon grant.

Deferred Compensation Plan. Directors may elect each year to defer all or part of their annual retainer fees, including any 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 deferrals for the year in any year that is at least four years from the year of deferral or, if earlier, the year in which they attain their normal retirement date under the plan (the first day of the month coincident with or next following attainment of age 70); (ii) a lump sum distribution payable in the year after they reach their normal retirement date or leave the Board of Directors, whichever is later; or (iii) 15 annual installments beginning on the first of the month coincident with or next following their normal retirement date or upon leaving the Board of Directors, whichever is later.Exhibit

Exhibit 10(s)

CenterPoint Energy, Inc.
Summary of Senior Executive Officer Compensation

The following is a summary of compensation paid to the Chief Executive Officer, Chief Financial Officer, Executive Vice President and President - Electric Division and Executive Vice President - Natural Gas Distribution identified below (to whom we collectively refer as our “senior executive officers”) of CenterPoint Energy, Inc. (the “Company”). For additional information regarding the compensation of the senior executive officers, please read the definitive proxy statement relating to the Company’s 2020 annual meeting of shareholders to be filed pursuant to Regulation 14A.

Base Salary. The following table sets forth the annual base salary of the Company’s senior executive officers effective April 1, 2020:
	
					
	Name and Position
	 
	Base Salary

	Scott M. Prochazka*
President and Chief Executive Officer
	 
	$
	1,323,000
	

	
Xia Liu
Executive Vice President and Chief Financial Officer
	 
	$
	620,000
	

	Tracy B. Bridge**
Executive Vice President and President - Electric Division
	 
	$
	560,000
	

	Scott E. Doyle
Executive Vice President - Natural Gas Distribution
	 
	$
	500,000
	

Short Term Incentive Plan. Annual bonuses are paid to the Company’s senior executive officers pursuant to the Company’s short term incentive plan, which provides for cash bonuses based on the achievement of certain performance objectives approved in accordance with the terms of the plan at the commencement of the year. Information regarding awards to the Company’s senior executive officers under the short term incentive plan is provided in definitive proxy statements relating to the Company’s annual meeting of shareholders.  In February 2020, the Compensation Committee of the Company approved the following:

		
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	No changes were made to Mr. Prochazka’s short-term incentive target of 115%*; 

		
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	No changes were made to Ms. Liu’s short-term incentive target of 75%; 

		
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	No changes were made to Mr. Bridge’s short-term incentive target of 75%**; and

		
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	No changes were made to Mr. Doyle’s short-term incentive target of 65%. 

Long Term Incentive Plan. Under the Company’s long term incentive plan, the Company’s senior executive officers may receive grants of (i) stock option awards, (ii) stock appreciation rights, (iii) stock awards, (iv) restricted stock unit awards, (v) cash awards and (vi) performance awards. The current forms of the applicable award agreements pursuant to the Company’s long term incentive plan are included as exhibits hereto. In February 2020, the Compensation Committee of the Company approved the following:

		
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	No changes were made to Mr. Prochazka’s long-term incentive target of 450%*;

		
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	Ms. Liu’s long-term incentive target was increased from 190% to 225%; 

		
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	No changes were made to Mr. Bridge’s long-term incentive target of 170%**; and

		
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	Mr. Doyle’s long-term incentive target was increased from 150% to 170%.

  * On February 19, 2020, Mr. Prochazka resigned from his position as President and Chief Executive Officer of the Company.
** On February 25, 2020, Mr. Bridge retired from his position as Executive Vice President and President - Electric Division of the Company.Document

Exhibit 4.01
Description of the Registrant’s Securities
Registered Pursuant to Section 12 of the
Securities Exchange Act of 1934, as Amended

State Auto Financial Company (the “Company”) has its common shares, without par value (the “Common Shares”), registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).  The Common Shares are listed on the Nasdaq Global Select Market under the symbol “STFC.” 
Description of Common Shares 
The following description of the terms of the Common Shares is a summary and does not purport to be complete. It is subject to, and qualified in its entirety by, reference to the Company’s Amended and Restated Articles of Incorporation, as amended (the “Charter”), and its Amended and Restated Code of Regulations, as amended (the “Code of Regulations”), each of which are filed as exhibits to the Annual Report on Form 10-K of which this Exhibit 4.01 is a part.
The Charter authorizes the issuance of 15,000,000 Common Shares.  The Charter also authorizes the issuance of 5,000,000 “blank check” preferred shares (the “Preferred Shares”), consisting of 2,500,000 Class A preferred shares, without par value, and 2,500,000 Class B preferred shares, without par value.  However, none of the Preferred Shares have been issued or are registered under the Exchange Act.  The Charter does not authorize the issuance of any other securities.  
Voting Rights
The holders of Common Shares are entitled to one vote per share for the election of directors and on all other matters submitted to a vote of shareholders.  Holders of Common Shares are not entitled to cumulative voting for the election of directors, each means that the holder of more than 50% of the voting power of the Company is able to elect all directors entitled to be elected by the shareholders.  The absence of cumulative voting and the Company’s staggered Board of Directors, together with the ownership of more than a majority o the Common Shares of the Company by State Automobile Mutual Insurance Company (“Mutual”), insurance laws and regulations applicable to the acquisition of insurance holding companies could be expected to have the effect of delaying averting or preventing a change in control of the Company unless Mutual was in favor of such change in control.
Dividend Rights
Subject to any senior rights of the Preferred Shares which may from time to time be outstanding, the holders of Common Shares are entitled to receive such dividends as may be declared by the Company’s Board of Directors out of funds legally available therefor.
Rights upon Liquidation
Upon dissolution and liquidation, the holders of Common Shares are entitled to a ratable share of the net assets of the Company remaining after payment to the holders of the Preferred Shares of the full preferential amounts to which they may be entitled.
Other Rights and Preferences
The holders of Common Shares have no preemptive, conversion, or other subscription or similar equity preservation rights, and the Common Shares do not have any redemption or sinking fund provisions.
Anti-Takeover Provisions
Certain provisions in the Charter and the Code of Regulations may have the effect of delaying, deferring or preventing a change in control of the Company.
Classified Board of Directors.  Under to the Code of Regulations, the Board of Directors is divided into three classes, each with a term of three years, with the term of one class expiring each year.  As part of such provisions, the Code of Regulations (a) provides that directors may not be removed from office by the shareholders without cause except by the affirmative vote of holders of Common Shares entitling them to exercise at least two-thirds of the voting power of such proposal (b) provides that any vacancy on the Board may be filled by the remaining directors then in office even though less than a quorum, and (c) provides that a vote of holders of Common Shares entitling them to exercise at least two-thirds of the voting power on such proposal is required to alter, amend, or repeal the foregoing provisions or the corresponding and implementing provisions of the Code of Regulations or to adopt any inconsistent provision.

Advance Notice of Proposals and Nominations. The Code of Regulations provides for an advance notice procedure for shareholders to nominate persons to stand for election as a director or to bring other business before meetings of the Company’s shareholders. Any shareholder wishing to nominate persons to stand for election as a director or to bring other business before meetings must deliver advance written notice and certain other information to our Secretary in accordance with our Code of Regulations.
Limits on Special Meetings. The Code of Regulations provides that special meetings of the Company’s shareholders may only be called under certain circumstances described therein. Business transacted at any special meeting will be limited to the purposes specified in the notice calling such meeting.
Exclusive Forum. The Code of Regulations provides that, unless the Company consents in writing to the selection of an alternative forum, the sole and exclusive forum for (a) any derivative action or proceeding brought on behalf of the Company, (b) any action asserting a claim of breach of a fiduciary duty owed by any director, officer or other employee of the Company to the Company or the Company’s shareholders, (c) any action asserting a claim against the Company or any director or officer or other employee of the Company arising pursuant to any provision of Chapter 1701 of the Ohio Revised Code or the Charter or the Code of Regulations, or (d) any action asserting a claim against the Company or any director, officer or other employee of the Company governed by the internal affairs doctrine shall be (i) the Court of Common Pleas of Franklin County, Ohio, or (ii) if that court does not have jurisdiction, then the United States District Court for the Southern, in all cases subject to the court’s having personal jurisdiction over the indispensable parted names as defendants.

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