Document:

Successor Deferral Plan, effective as of January 1, 2002

 Exhibit 10.30 
  
 RELIANT RESOURCES, INC. 
 SUCCESSOR DEFERRAL PLAN 
  
 (As Established Effective January 1, 2002) 
  
 RECITALS
AND PURPOSES OF THE PLAN 
  
 Reliant Resources Inc.
(“RRI” or the “Company”), a Delaware corporation, and Reliant Energy, Incorporated (“REI”), a Texas corporation (formerly known as Houston Industries Incorporated) entered into an Employee Matters Agreement as of
December 31, 2000. 
  
 REI established the REI Deferred
Compensation Plan effective September 1, 1985 (“1985 Plan”) and the REI Deferred Compensation Plan as amended and restated effective January 1, 1989 (“1989 Plan”), herein referred to collectively as the “REI DC Plan.”

  
 Section 5.02 (a) of such Employee Matters Agreement contains
provisions with respect to the establishment by RRI of a RRI Deferred Compensation Plan, and in connection with the establishment thereof, Participants in the REI DC Plan were given an opportunity to make a written election that their benefits in
the REI DC Plan be transferred to a newly established plan of RRI with the same terms and conditions of the REI DC Plan, and continue accruing interest pursuant to the Interest Crediting Rate provisions of the REI DC Plan, including having their
account balance paid at the Prior Plan Rate, as evidenced by such written election (a “Prior Plan Election”); 
  
 NOW, THEREFORE, pursuant to authorization of the Board of Directors of the Company, and subject to the performance by REI of its obligations stated in
Paragraph 14 hereof, RRI hereby establishes this Plan effective January 1, 2002 (the “Effective Date”), to read as follows: 
  
 1. Name. The name of this Plan is the “Reliant Resources, Inc. Successor Deferral Plan.” 
  

 2. Incorporation by Reference. The REI Deferred Compensation Plan, as described in Section 5.02 of
the Employee Matters Agreement, subject to the provisions hereof, is incorporated herein by reference as though fully stated herein. 
  
 3. Participants. Participants in the Plan shall be limited to and consist of those Participants in the REI Deferred Compensation Plan who made a
Prior Plan Election received by the Company. 
  
 4 Change of
Distribution Election. Effective January 14, 2003, notwithstanding any other provision of this Plan, before any distribution commences (excluding an Early Withdrawal under Section 5 below) pursuant to a distribution election previously made by a
Participant, the Participant may change, in accordance with procedures established by the Benefits Committee, the Participant’s previous distribution elections and make a new, irrevocable distribution election that shall take the place of such
previous distribution election, provided, however, that such revised election shall not become effective until twelve (12) months after the date such revised election, executed by the Participant, has been physically received by the Benefits
Committee. If such revised election does not become effective, the distribution election in effect and made prior to the revised election shall control. 
  
 5. Early Withdrawal with Penalty. Effective January 14, 2003, notwithstanding any other provision of this Plan, or any applicable distribution
election to the contrary, a Participant may elect, in accordance with procedures established by the Committee, to receive a lump-sum distribution payment equal to the entire balance of the Participant’s total credits under the 1985 Plan and/or
one or more individual plan year deferral accounts under the 1989 Plan at any time prior to the date(s) otherwise designated for the distribution thereof. Such payment shall be made as soon as practicable following the date the Benefits Committee
receives the Participant’s written request of such early withdrawal. The Benefits Committee shall impose a penalty for such early distribution payment, in an amount equal to 10% of such distribution, and such penalty shall be deducted from the
distribution and forfeited by the Participant. 
  
 6.
Termination of Employment in Connection with Change of Control. Notwithstanding any other provision of this Plan, if a Participant’s employment is terminated in 

  

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connection with a Change of Control, a distribution under this Plan shall be made as if the Participant had retired and terminated employment at his Normal
Retirement Date. Whether a Participant’s employment was terminated in connection with a Change of Control shall be determined by the Committee in its sole discretion. 
  
 7. Contractual Obligation of Company. The benefits described in this Plan are contractual obligations of the Company
to pay compensation for services, and shall constitute a liability to the Participants and/or their beneficiaries in accordance with the terms hereof. The payment of such benefits shall be made from the general funds of the Company. No special or
separate fund shall be established and no segregation of assets shall be made to assure the payment of such benefits. No Participant shall have any interest in any particular asset of the Company by virtue of his rights under this Plan. To the
extent that any person acquires a right to receive payments from the Company under this Plan, such right shall be no greater than the right of an unsecured general creditor of the Company. 
  
 8. Administration. The Plan shall be administered, construed and
interpreted by the Benefits Committee of the Company. The determinations by the Benefits Committee of the Employees who are eligible to be Participants in the Plan, the amounts of their benefits under the Plan and the construction and interpretation
by the Benefits Committee of any provision of the Plan, shall be final, conclusive and binding upon all parties including the Company, its shareholders and its employees. No member of the Benefits Committee shall be liable for any act done or
determination made in good faith. All expenses of administering the Plan shall be borne by the Company. 
  
 9. Amendment or Termination of the Plan. The Board of Directors may terminate this Plan at any time. The Board of Directors may amend or modify
this Plan from time to time in any respect. No such termination or amendment by the Board of Directors shall divest a Participant of any benefit which had previously accrued to him or which had previously become payable to him under this Plan unless
the Participant agrees in writing to such divestment. 
  

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 10. Non-Alienation of Benefits. Except by mutual agreement between the Company and the
Participant, any benefit which shall be payable under this Plan shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, or charge, and any attempt at such shall be void, and any such benefit
shall not in any way be subject to the debts, contract, liabilities, engagements, or torts of the person who shall be entitled to such benefit, nor shall it be subject to attachment or legal process for or against such person. 
  
 11. No Employment Rights. The receipt of benefits under this Plan
shall not give a Participant any right to continued employment by the Company and its Subsidiaries; the right to terminate employment of any Participant for any reason, with or without cause, is specifically reserved by the Company. 
  
 12. Definitions. For purposes of this Plan, the following definitions
shall be applicable: 
  
 a. “Benefits Committee” shall
mean the committee designated as such from time to time by the Board of Directors. 
  
 b. “Board of Directors” shall mean the Board of Directors of Reliant Resources, Inc. 
  
 c. “Change of Control” shall have the same meaning as stated in the Long-Term Incentive Plan of Reliant Resources, Inc., which definition is
incorporated herein by reference. 
  
 d. “Company” shall
mean Reliant Resources, Inc. and any successor thereto. 
  
 e.
“Interest Crediting Rate” means, for a given Plan Year, a rate of interest equivalent to the average Prior Plan Rate for such year. 
  
 f. “Participant” shall mean any Employee who is eligible to participate in the Plan under the provisions of Paragraph 3. 
  
 g. “Prior Plan Rate” means the rate of interest specified in the
1985 Plan or 1989 Plan or in individual agreements under such plans. 
  
 13. Effective Date. The effective date of this Plan shall be January 1, 2002 except as otherwise indicated herein. 
  

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 14. Applicable Law. To the extent not preempted by federal law, the Plan administered hereunder
shall be construed, administered, and governed in all respects under the laws of the State of Texas, notwithstanding any conflict of laws principles. 
  
 15. The Company as Successor Employer. Effective January 1, 2002, the liabilities for benefits accrued under this Plan and payable by the Company
pursuant to the provisions of Paragraph 6 hereof, and equivalent cash assets with respect thereto will be transferred from the REI DC Plan and REI to this Plan and the Company. Accordingly, from and after January 1, 2002, REI shall have no further
obligation with respect to such benefits, if any, accrued under the REI DC Plan on behalf of Participants in this Plan and such Participants shall look solely to this Plan established by the Company for the payment of such benefits. 
  
 IN WITNESS WHEREOF, Reliant Resources, Inc. has caused these presents to be
executed by its duly authorized officers in a number of copies, each of which shall be deemed an original, but all of which shall constitute the same instrument, this 16th day of June, 2003, but effective as of January 1, 2002. 
  

			
	 RELIANT RESOURCES, INC.

		
	By:	 	/s/    PHILIP J.
BAZELIDES        
	 	 	Philip J. Bazelides
	 	 	Senior Vice President – Human Resources

  

 5Form of Long-Term Incentive Plan Performance Share Award Agreement

 Exhibit 10.38 
  
 RELIANT RESOURCES, INC. 
 LONG-TERM INCENTIVE PLAN 
  
 PERFORMANCE SHARE AWARD 
 2002-2004 PERFORMANCE CYCLE 
  
 Pursuant to this Award Agreement, RELIANT RESOURCES, INC. (the
“Company”) hereby grants to «legal» (the “Participant”), an employee of the Company, «shares» performance shares of Common Stock (the “Target Performance Shares”), such number of
shares being subject to adjustment as provided in Section 15 of the Reliant Resources, Inc. Long-Term Incentive Plan (the “Plan”), conditioned upon the Company’s achievement of the Performance Objectives over the course of the
2002-2004 Performance Cycle pursuant to the Plan, and subject to the following terms and conditions: 
  
 1. Relationship to the Plan; Definitions. 
  
 This grant of Performance Shares 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 the date hereof. 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: 
  
 “2002-2004 Performance Cycle” means the period from January 1, 2002 to December 31, 2004. 
  
 “Achievement Percentage” means the percentage of achievement
determined by the Committee in accordance with Section 3 that reflects the extent to which the Company achieved the Performance Objectives during the performance cycle applicable to this Award Agreement. 
  
 “Disability” means a physical or mental impairment of
sufficient severity such that the Participant is both eligible for and in receipt of benefits under the long-term disability provisions of the Company’s benefit plans. 
  
 “Employment” means employment with the Company or any of its Subsidiaries. 
  
 “Performance Objectives” means the standards established by
the Committee to determine whether and to what extent the Participant’s right to Performance Shares shall vest, which are attached hereto and made a part hereof for all purposes. 
  

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 “Performance Shares” means the shares of Common Stock potentially deliverable to
Participant pursuant to this Award Agreement. 
  
 “Retirement” means termination of Employment on or after attainment of age 55 and with at least five years of service with the Company or Reliant. 
  
 “Target Performance Shares” means the actual number of Performance Shares initially granted to the
Participant pursuant to this Award Agreement, with such number of Performance Shares to be awarded to the Participant at the close of the 2002-2004 Performance Cycle if the Company attains an Achievement Percentage of 100%. 
  
 “Vested Performance Shares” means the shares of Common Stock
awarded to Participant following Participant’s satisfaction of the vesting provisions of Section 4 and, if applicable, the determination by the Committee of the extent to which the Company has achieved the Performance Objectives for the
2002-2004 Performance Cycle pursuant to Section 3. 
  
 2.
Establishment of Restricted Share Account. The grant of Target Performance Shares 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 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. 
  
 3. Award Opportunity.
The Performance Objectives established for the 2002-2004 Performance Cycle are attached hereto and made a part hereof for all purposes. Except as otherwise provided in Sections 4 and 5, the number of Performance Shares awarded to Participant shall
be the product of the number of Target Performance Shares and a percentage (the “Achievement Percentage”) that is based upon the Committee’s determination of whether and to what extent the Company achieves the Performance Objectives
during the 2002-2004 Performance Cycle. 
  
 As soon as practicable
after the close of the 2002-2004 Performance Cycle, the Committee shall determine the extent to which the Company has achieved the Performance Objectives. If the Company has performed at or above the threshold level of achievement, the Achievement
Percentage shall be between 50% and 150%, with a target level of achievement resulting in an Achievement Percentage of 100%. If the Company has performed below the threshold level of achievement, the Achievement Percentage shall be 0%. In no event
shall the Achievement Percentage exceed 150%. Upon completing its determination of the level at which the Performance Objectives have been achieved, the Committee shall notify the Participant of the number of Vested Performance Shares that will be
issued to the Participant pursuant to Section 6. 
  
 4.
Vesting of Performance Shares. 
  
 (a) Unless earlier
forfeited or vested in accordance with paragraph (b) or Section 5, Participant’s right to receive Performance Shares shall vest upon Participant’s receipt of 

  

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written notice from the Committee, as required by Section 3, of the level at which the Performance Objectives established for the 2002-2004 Performance Cycle
have been achieved. Such notice shall be given by the Committee as soon as practical after the close of the 2002-2004 Performance Cycle in accordance with the terms of the Plan and this Award Agreement. 
  
 (b) If Participant’s Employment is terminated prior to the close of the
2002-2004 Performance Cycle: 
  
 (i) by the
Company or any of its Subsidiaries for any reason or due to voluntary resignation by the Participant, Participant’s right to receive Performance Shares shall be forfeited in its entirety as of such termination. 
  
 (ii) due to death, Disability, or Retirement,
Participant’s right to receive the Target Performance Shares shall vest at the time of such termination in the same proportion as the number of days elapsed in the 2002-2004 Performance Cycle as of the date of such termination of Employment
bears to the total number of days in the 2002-2004 Performance Cycle and shall be delivered to Participant as soon as possible following such termination. Participant’s right to receive additional Performance Shares shall be forfeited at such
time. 
  
 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 prior to the end of the 2002-2004 Performance Cycle, Participant’s right to receive Performance Shares, unless
previously forfeited pursuant to Section 4, 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) 150% of the number of Target Performance Shares. Such cash payment shall satisfy the rights of Participant and the obligations of the Company under this Award Agreement in full. 
  
 6. Payment of Award. 
  
 (a) If Participant’s right to receive Performance Shares has vested
pursuant to Section 4, a number of shares of Common Stock equal to the number of Vested Performance Shares shall be registered in the name of the Participant and certificates representing such Common Stock shall be delivered to the Participant as
soon as practical after the date upon which the Participant’s right to such shares vested according to the provisions of Section 4. The Company shall have the right to withhold applicable taxes from any such payment of Vested Performance Shares
or from other compensation payable to the Participant at the time of such vesting and delivery pursuant to Section 12 of the Plan. 
  
 (b) Upon delivery of the Vested Performance Shares pursuant to paragraph (a), above, Participant shall also be entitled to receive a cash payment equal to
the sum of all dividends, if any, announced or paid on the Vested Performance Shares after the commencement of the 2002-2004 Performance Cycle but prior to the date the Vested Performance Shares are delivered to the Participant. 
  

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 7. 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 the Company at 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. 
  
 8. Shareholder Rights. The Participant shall have no rights of a shareholder with respect to the Performance Shares, unless and until the Participant is registered as the holder of shares of Common Stock representing the Vested
Performance Shares on the records of the Company as provided in Section 6. 
  
 9. 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 Performance Shares are transferable by the Participant to Immediate Family Members, Immediate Family Members Trusts, and Immediate
Family Member Partnerships pursuant to Section 14 of the Plan. 
  
 10. 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 thereof or successor thereto, nor shall it
give such entities any rights (or impose any obligations) with respect to continued performance of duties by the Participant. 
  
 11. Modification of Agreement. Any modification of this Award Agreement shall be binding only if evidenced in writing and signed by an authorized
representative of the Company. 
  

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