Summary of Named Executive Officer Compensation
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EX-10.(EE) 4 h54051exv10wxeey.htm SUMMARY OF NAMED EXECUTIVE OFFICER COMPENSATION exv10wxeey
Exhibit 10(ee)
CenterPoint Energy, Inc.
Summary of Named Executive Officer Compensation
Summary of Named Executive Officer Compensation
The following is a summary of compensation paid to the named executive officers of CenterPoint Energy, Inc. (the Company). For additional information regarding the compensation of the named executive officers, please read the definitive proxy statement relating to the Companys 2008 annual meeting of shareholders to be filed pursuant to Regulation 14A.
Base Salary. The following table sets forth the annual base salary of the Companys named executive officers effective April 1, 2008:
Name and Position | Base Salary | |||
David M. McClanahan | $ | 1,060,000 | ||
President and Chief Executive Officer | ||||
Gary L. Whitlock | $ | 505,000 | ||
Executive Vice President and Chief Financial Officer | ||||
Scott E. Rozzell | $ | 475,000 | ||
Executive Vice President, General Counsel and Corporate Secretary | ||||
Thomas R. Standish | $ | 457,000 | ||
Senior Vice President and Group President Regulated Operations | ||||
Byron R. Kelley | $ | 390,000 | ||
Senior Vice President and Group President, Pipelines and Field Services |
Short Term Incentive Plan. Annual bonuses are paid to the Companys named executive officers pursuant to the Companys 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 Companys named executive officers under the short term incentive plan is provided in definitive proxy statements relating to the Companys annual meeting of shareholders.
Long Term Incentive Plan. Under the Companys long term incentive plan, the Companys named executive officers may receive grants of (i) stock option awards, (ii) performance share awards, (iii) performance unit awards and/or (iv) stock awards. The current forms of the applicable award agreements pursuant to the Companys long term incentive plan are included as exhibits hereto.