CenterPoint Energy, Inc. Summary of Certain Compensation Arrangements of the Executive Chairman of the Board
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”):
• | 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 |
• | 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.
