Omnibus Amendment to CenterPoint Energy, Inc. Benefit Plans Excluding Executive Chairman from Participation

Summary

CenterPoint Energy, Inc. has amended its various employee benefit plans to specify that the executive Chairman of the Board, effective June 1, 2013, is not eligible to participate in these plans. This amendment applies to the retirement, savings, restoration, short-term incentive, and group welfare benefit plans. The change was authorized by the company and executed by its President and CEO, ensuring that the executive Chairman position is excluded from all relevant plan provisions.

EX-10.ZZ 5 cnp_exhibit10zzx12312013.htm EXHIBIT CNP_Exhibit 10(zz)_12.31.2013

Exhibit 10(zz)

OMNIBUS AMENDMENT

CENTERPOINT ENERGY, INC. BENEFIT PLANS

WHEREAS, CenterPoint Energy, Inc., a Texas corporation (the “Company”), maintains and sponsors the CenterPoint Energy Retirement Plan, the CenterPoint Energy Savings Plan, the CenterPoint Energy Benefit Restoration Plan, the CenterPoint Energy Savings Restoration Plan, the CenterPoint Energy Short Term Incentive Plan and the CenterPoint Energy, Inc. Group Welfare Benefits Plan (collectively, the “Plans”); and

WHEREAS, under the terms of the Plans, the Company has the authority to amend the Plans; and

WHEREAS, effective as of June 1, 2013, Milton Carroll shall become executive Chairman of the Board of Directors of the Company (the “Board”); and

WHEREAS, the Company desires to provide that the position of executive Chairman of the Board shall not be covered by or eligible to participate in the Plans;

NOW, THEREFORE, the Company hereby amends the Plans, effective as of June 1, 2013, to provide that the position of executive Chairman of the Board is not covered by or eligible to participate in the Plans and amends the eligibility and all other relevant provisions of the Plans as otherwise necessary to reflect the foregoing.

IN WITNESS WHEREOF, CenterPoint Energy, Inc. has caused these presents to be executed by their duly authorized officers in a number of copies, all of which shall constitute one and the same instrument, which may be sufficiently evidenced by any executed copy thereof, this 23rd day of May, 2013, but effective as of June 1, 2013.



	CENTERPOINT ENERGY, INC.

	By:	/s/ David M. McClanahan
	Name:	David M. McClanahan
	Title:	President and Chief Executive Officer