First Amendment to CenterPoint Energy, Inc. Long-Term Incentive Plan (Effective January 1, 2007)

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment, made by CenterPoint Energy, Inc., updates the company's Long-Term Incentive Plan by changing the term "Change of Control" to "Change in Control" throughout the plan. The amendment is effective as of January 1, 2007, and is executed by the company's authorized officers. The amendment clarifies terminology but does not otherwise alter the substantive provisions of the plan.

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EX-10.5 2 h45957exv10w5.htm FIRST AMENDMENT TO LONG-TERM INCENTIVE PLAN exv10w5  

Exhibit 10.5
LONG-TERM INCENTIVE PLAN OF
CENTERPOINT ENERGY, INC.
(As Amended and Restated Effective May 1, 2004)
First Amendment
          CenterPoint Energy, Inc., a Texas corporation, having reserved the right under Section 12 of the Long-Term Incentive Plan of CenterPoint Energy, Inc., as amended and restated effective as of May 1, 2004 (the “Plan”), to amend the Plan, does hereby amend the Plan, effective as of January 1, 2007, as follows:
The term “Change of Control” in Section 1 of the Plan is hereby amended to be “Change in Control” and all references in the Plan to the term “Change of Control” are replaced with the term “Change in Control.”
          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 of February, 2007, but effective as provided above.
         
    CENTERPOINT ENERGY, INC.
 
        
 
  By   /s/ David M. McClanahan
 
       
 
      David M. McClanahan
 
      President and Chief Executive Officer
ATTEST:
     
/s/ Richard Dauphin
 
     
Richard Dauphin
    
Assistant Secretary