Summary of Executive Chairman Compensation Arrangements – CenterPoint Energy, Inc. and Milton Carroll

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation arrangements for Milton Carroll, Executive Chairman of the Board at CenterPoint Energy, Inc. Effective April 1, 2017, Mr. Carroll's annual base salary increases from $625,000 to $675,000, continuing until his service as Executive Chairman ends or the Board decides otherwise. His long-term incentive compensation target remains at 300%. No additional restricted stock units were granted to him in 2017, except those related to his long-term incentive award.

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EX-10.(S) 4 cnp_exhibit10sx12312016.htm EXHIBIT 10.(S) Exhibit


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”):
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Mr. Carroll's annual base salary is increased from $625,000 to $675,000 effective as of April 1, 2017 and continuing thereafter until the termination of Mr. Carroll's service as Executive Chairman of the Board or as otherwise modified by the Board; and

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No changes were made to Mr. Carroll’s 300% long-term incentive compensation target.

Mr. Carroll was not granted any additional awards of restricted stock units in 2017, other than in connection with his long-term incentive award noted above.