Document:

CNP_Exhibit 10(s)_12.31.2014

Exhibit 10(s) 

CenterPoint Energy, Inc.
Summary of Certain Compensation Arrangements
of the Executive Chairman of the Board

The following is a summary of certain compensation arrangements payable to Milton Carroll, the Executive Chairman of the Board of Directors (the “Board”) of CenterPoint Energy, Inc. (the “Company”), effective February 2014:
		
	•
	Mr. Carroll's annual base salary was increased to $600,000 effective as of January 1, 2014 and continuing thereafter until the termination of Mr. Carroll's service as Executive Chairman of the Board or as otherwise modified by the Board;

		
	•
	Mr. Carroll was granted an award of 30,000 restricted stock units to be payable on June 1, 2016 contingent on his continued service as Chairman on that date; and 

		
	•
	Mr. Carroll will receive a 2014 long term incentive compensation award under the Company's long term incentive plan that will be allocated between performance shares and stock awards on the same basis as 2014 awards to be made to other executive officers, with an incentive compensation target for Mr. Carroll equal to 200% of base salary.

Effective February 2015, Mr. Carroll was granted an additional award of 30,000 restricted stock units
to be payable on June 1, 2017 contingent on his continued service as Chairman on that date.  No changes were made to Mr. Carroll's annual base salary or his long-term incentive target in 2015.CNP_Exhibit 10(dd)(4)_12.31.2014

Exhibit 10(dd)(4)

CENTERPOINT ENERGY, INC. 
STOCK PLAN FOR OUTSIDE DIRECTORS
(As Amended and Restated Effective May 7, 2003) 
Third Amendment

WHEREAS, CenterPoint Energy, Inc., a Texas corporation, maintains, and shareholders of the Company have approved, the CenterPoint Energy,  Inc. Stock Plan for             Outside Directors, as amended and restated effective May 7, 2003, and as thereafter amended             (the "Plan"); and

WHEREAS, the Company has reserved the right under Section 6.1 to amend the plan; and
WHEREAS, the Company desires to amend the Plan to modify the method of determining the number of shares of common stock, par value $0.01 per share, of the Company ("Common Stock") that may be awarded to participants in the Plan;

NOW, THEREFORE, in consideration of the foregoing, the Plan is hereby amended, effective January 1, 2015, as follows:

1.Article II of the Plan is hereby amended to add two new definitions thereto as    follows:

'"FAIR MARKET VALUE' means, as of a particular date, (i) if shares of Common Stock are listed on a national securities exchange, the closing sales price per share of Common Stock on the consolidated transaction reporting system for  the principal national securities exchange on which shares of Common Stock are listed on that date, or, if there shall have been no such sale so reported on that                 date, on the date immediately preceding the date on which such a sale was so   reported, (ii) if the Common Stock is not so listed, the average of the closing bid and asked price on that date, or, if there are no quotations available for such date, on the date immediately preceding the date on which such quotations shall be available, as reported by an inter-dealer quotation system, (iii) if shares of         Common Stock are not publicly traded, the most recent value determined by an independent appraiser appointed by the Company for such purpose, or (iv) if none of the above are applicable, the fair market value of a share of Common Stock as determined in good faith by the Board."

"'STOCK AWARD AMOUNT' means a number of shares of  Common Stock  equal  to  (i)  a  dollar  amount  determined  by  the  Board  in  its  discretion 

divided by (ii) the Fair Market Value of the Common Stock on the relevant award date, rounded to the nearest whole share."

		
	2.
	Section 5.1 of the Plan is hereby amended to read as follows:

"5.1 Initial Awards: On or after the date an individual first becomes an  Outside Director, at the discretion of the Board, such Outside Director may be     granted  a one-time, initial Stock  Award  consisting of  the right to receive the     number of shares of Common Stock equal to the Stock Award Amount, as   determined by the Board, with such award subject to the terms, conditions and limitations set forth in this Plan; provided, however, that such Outside Director is then in office as of the grant date of such initial Stock Award. Any Stock Award under this Section 5.1 shall be in addition to, and not in lieu of, any Stock Award granted under Section 5.2."

		
	3.
	Section 5.2 of the Plan is hereby amended to read as follows:

"5.2      Annual Awards:   As of each Annual Award Date, at the discretion  of the Board, each Outside Director then in office may be granted a Stock Award consisting of the right to receive the number of shares of Common Stock equal to the Stock Award Amount, as determined by the Board, with such awards subject to the terms, conditions and limitations set forth in this Plan."
IN WITNESS WHEREOF,  CenterPoint Energy, Inc. has caused these presents     to be executed by its duly authorized officer in a number of copies, all of which shall constitute  one and the same instrument, which may be sufficiently evidenced by any executed copy hereof, on this 28th day of December, 2014, and effective as of January 1, 2015.

	
			
	 
	 
	CENTERPOINT ENERGY, INC.

	 
	 
	 

	 
	By
	/s/ Scott M. Prochazka

	 
	 
	Scott M. Prochazka

	 
	 
	President and Chief Executive Officer

	
	
	ATTEST:

	 

	/s/ Vincent A. Mercaldi

	Vincent A. Mercaldi

	Assistant Corporate SecretaryCNP_Exhibit 10(kk)(1)_12.31.2014

Exhibit 10(kk)(1)

January 23, 2015

Mr. William D. Rogers
2 Sutton Place South 7-D New York, NY 10022

Dear Bill:

I am pleased to extend to you an offer of employment with CenterPoint Energy (the
"Company"), as the Executive Vice President of Finance & Accounting reporting to me.
Your offer includes the following:

Equity Signing Incentive:
As of your employment  date, you will be awarded 18,000 CenterPoint Energy
restricted stock units with the following time vesting schedule:
10,000 on the first anniversary of your employment date
8,000 on the second anniversary of your employment date

Salary:
$34,166.67 per month ($410,000 per year)

Incentive Compensation:
Short-Term Incentive (STI) plan participation - You will be eligible to participate in
the 2015 STI plan.  Your initial target award level is 75% of your 2015 plan year eligible
earnings calculated from your hire date.  Annual plan year award funding is based upon
the achievement  of a combination of corporate goals, approved by the Compensation
Committee of the Board of Directors (Committee).  Your actual payout, if any, is based
on achievement of corporate goals as well as your individual performance within the
available funding.

Long-Term Incentive (LTI) plan participation - Subject to Committee approval, you
will be granted a 2015-2017 LTIP award with a target ineentive level of 140% of your
annual base salary. This incentive may be granted in a combination of CenterPoint 
Energy performance share units, restricted stock units, stock options, or other
authorized form.  For your information, the 2014 award was made up of 30% restricted
stock units, 40% performance  shares based on total shareholder return versus peer

companies and 30% performance shares based on achieving a core operating income
goal.

Relocation Assistance:
If requested, relocation assistance will be provided pursuant to the Company's
relocation program.  A summary of the program is attached. If you accept the 
Company's reimbursement  for relocation expenses you will be required to repay 100% 
of the relocation expenses if you voluntarily resign within the first year after the effective 
date of your employment and 50% within two years.

Executive Benefits:
You are eligible for several executive benefits including the Change In Control Plan. 
Detail of these benefits will be provided upon your start of employment or upon request.

Other Benefits:
Participation in CenterPoint Energy's industry competitive benefits package.  Additional information about these plans can be accessed online at 
www.CenterPointEnergy.com/hr or a summary will be provided upon your request.

Vacation:
Four (4) weeks of vaGation each calendar year until such time as your service qualifies 
you for additional vacation under the vacation policy.

Anticipated Start Date:
February 16, 2015, or such other date as is mutually agreed in order to accommodate a 
reasonable request.

Conditions:
This offer is contingent on the Board of Director's ratification of your appointment.

This offer is contingent upon successful completion of our background  investigation 
and a drug screen; which will be conducted prior to your employment date.

The Immigration Reform & Control Act of 1990 requires that all employers verify that 
persons hired by their firms are authorized to be employed in the United
States.  Documents verifying this eligibility will need to be provided upon reporting to 
work.

Where provisions in this letter refer to CenterPoint Energy's compensation  or benefits 
plans or to policies of CenterPoint Energy, the applicable plan document or policy 
statement will govern administration of the plan or application of the policy in all cases.

This letter neither constitutes nor may be construed as an employment contract 
between the Company and you for any period of time.  Employment with CenterPoint 
Energy is an at-will employment  relationship governed by applicable federal and state
laws.

If you have any questions, please do not hesitate to give me a call at (713) 207-8480, or 
you may also contact Sue Ortenstone, SVP & CHRO at (713) 207-7567.

To indicate your acceptance of this employment offer, please sign the original offer 
letter and return to me.

I have enjoyed getting to know you as we have gone through the interview process, and 
I believe that you will be a great addition to or team and contribute to achieving our 
vision of leading the nation in delivering energy, service and value.

Sincerely,

     /s/ Scott Prochazka      
Scott Prochazka
President and CEO

      /s/ William D. Rogers                        William D. Rogers                    January 25, 2015       
             Signature                 Name (Print)             Date

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00240-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00240-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00240-of-00352.parquet"}]]