Document:

exv10w65

 

Exhibit 10.65

RELIANT ENERGY, INC.

2002 LONG-TERM INCENTIVE PLAN

QUARTERLY COMMON STOCK AND PREMIUM RESTRICTED STOCK AWARD

     Pursuant
to this Award Agreement, as of October 1, 2007, Reliant
Energy, Inc. (the
“Company”) hereby grants to «Director» (the “Participant”), a Director of the Company, «Shares»
shares of Common Stock, in lieu of fees otherwise payable to the Participant for services as a
Director for the period from July 1, 2007 through September 30, 2007 plus an additional «Premium»
premium restricted shares of Common Stock (“Premium Restricted Stock”). Such number of shares are
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. This grant of Common Stock and Premium Restricted Stock 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.
Except as defined herein, capitalized terms have the same meanings as under the Plan. If any
provision of this Award Agreement conflicts with the express terms of the Plan, the terms of
the Plan control and, if necessary, the applicable provisions of this Award 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.
	 
	2.	 	Restrictions. The Premium Restricted Stock granted under this Agreement may not be sold,
assigned, transferred, pledged or otherwise encumbered until the restrictions have lapsed
(“Restriction Period”) except as otherwise provided in this Section 2. Notwithstanding
anything herein or in the Plan to the contrary, the shares of Premium Restricted Stock 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.
	 
	3.	 	Vesting and Forfeiture.

	 	(a)	 	The Common Stock granted herein is fully vested and transferable as of the date
granted.
	 
	 	(b)	 	The Premium Restricted Stock vests as of the date of the Company’s annual
meeting in «Vest_Year» (“Vesting Date”) (the end of the Participant’s current term as a
Director during which the shares of Premium Restricted Stock were granted), provided
the Participant does not terminate service, except as otherwise provided in this
Section 3, before the Vesting Date.
	 
	 	(c)	 	If the Participant’s service as a Director is terminated due to death or
Disability, Participant’s right to receive Premium Restricted Stock vests at the time
of such termination to the extent not previously vested pursuant to this Section 3.
For purposes of this Award Agreement, “Disability” means a physical or mental
impairment of sufficient severity such that the Participant can no longer serve as a
Director.

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	 	(d)	 	If the Participant terminates service on the Board for any reason other than
death or Disability, the Participant’s right to receive Premium Restricted Stock
granted during the term during which the Participant terminates service will be
forfeited in its entirety upon termination.

	4.	 	Rights as a Stockholder. Except as otherwise specifically provided in this Award Agreement
and the Plan, during the Restriction Period the Participant shall have all the rights of a
stockholder with respect to the Premium Restricted Stock including, without limitation, the
right to vote the Premium Restricted Stock and the right to receive any dividends with respect
thereto.
	 
	5.	 	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, Participant’s
right to receive Premium Restricted Stock shall be settled by a cash payment to Participant
equal to the product of (i) the Fair Market Value per share of Common Stock on the date
immediately preceding the date on which the Change of Control occurs and (ii) the total number
of shares of Premium Restricted Stock granted. Such cash payment shall satisfy the rights of
Participant and the obligations of the Company under this Award Agreement in full.
	 
	6.	 	Notices. For purposes of this Award 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 as follows:

	 	 	 
	If to Company:

	 	Reliant Energy, Inc.
	 

	 	1000 Main Street
	 

	 	Houston, Texas 77002
	 

	 	ATTENTION: Senior Vice President and
	 

	 	Corporate Secretary
	 
	 	 
	If to Director:

	 	«Director»
	 

	 	c/o Corporate Secretary
	 

	 	Reliant Energy, Inc.
	 

	 	1000 Main Street
	 

	 	Houston, Texas 77002

	 	 	or to such other address as either party may furnish to the other in writing in accordance
with this Section 6.

	7.	 	Successors and Assigns. This Award Agreement is binding upon and inures to the benefit of
the Participant, the Company and their respective permitted successors and assigns.

	 	 	 	 	 
	 	 	 
	 	
 	 
	 	Mark M. Jacobs 	 
	 	President and Chief Executive Officer 	 
	 

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Exhibit 10.66

RELIANT ENERGY, INC.

2002
LONG-TERM INCENTIVE PLAN

RESTRICTED STOCK AWARD AGREEMENT

     Pursuant
 to this Award Agreement, as of May 16, 2007, Reliant Energy,
Inc. (the
“Company”) hereby grants to «Director» (the “Participant”), a Director of the Company, «Shares»
shares of Restricted Stock. Such number of shares are 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. This grant of Restricted Stock 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. Except as defined
herein, capitalized terms have the same meanings as under the Plan. If any provision of this
Award Agreement conflicts with the express terms of the Plan, the terms of the Plan control
and, if necessary, the applicable provisions of this Award 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.
	 
	2.	 	Restrictions. The Restricted Stock granted under this Agreement may not be sold, assigned,
transferred, pledged or otherwise encumbered until the restrictions have lapsed (“Restriction
Period”) except as otherwise provided in this Section 2. Notwithstanding anything herein or
in the Plan to the contrary, the shares of Restricted Stock 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.
	 
	3.	 	Vesting and Forfeiture.

	 	(a)	 	The Restricted Stock vests as of the date of the Company’s annual meeting in
«Vest_Year» (“Vesting Date”) (the end of the Participant’s current term as a Director
during which the shares of Restricted Stock were granted), provided the Participant
does not terminate service, except as otherwise provided in this Section 3, before the
Vesting Date.
	 
	 	(b)	 	If the Participant’s service as a Director is terminated due to death or
Disability, the Restricted Stock vests at the time of such termination to the extent
not previously vested pursuant to this Section 3. For purposes of this Award
Agreement, “Disability” means a physical or mental impairment of sufficient severity
such that the Participant can no longer serve as a Director.
	 
	 	(c)	 	If the Participant terminates service on the Board for any reason other than
death or Disability, the Restricted Stock granted during the term during which the
Participant terminates service will be forfeited in its entirety upon termination.

	4.	 	Rights as a Stockholder. Except as otherwise specifically provided in this Award
Agreement and the Plan, during the Restriction Period the Participant shall have all the
rights of a stockholder with respect to the Restricted Stock including, without limitation,
the right 

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	 	 	to vote the Restricted Stock and the right to receive any dividends with respect
thereto.

	5.	 	Change in Control. Notwithstanding anything herein to the contrary, upon any Change of
Control the Restricted Stock will vest to the extent not previously vested.
	 
	6.	 	Notices. For purposes of this Award 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 as follows:

	 	 	 	 	 
	 

	 	If to Company:
	 	Reliant Energy, Inc.

1000 Main Street

Houston, Texas 77002

ATTENTION: Senior Vice President and

Corporate Secretary
	 
	 	 	 	 
	 

	 	If to Director:
	 	«Director»

c/o Corporate Secretary

Reliant Energy, Inc.

1000 Main Street

Houston, Texas 77002

	 	 	or to such other address as either party may furnish to the other in writing in accordance
with this Section 6.
	 
	7.	 	Successors and Assigns. This Award Agreement is binding upon and inures to the benefit of
the Participant, the Company and their respective permitted successors and assigns.

	 	 	 	 	 
	 	——————————————————

Mark M. Jacobs

President and Chief Executive Officer

 	 
	 	 	 
	 	 	 
	 	 	 
	 

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