Summary of Executive Chairman Compensation Arrangements for Milton Carroll at CenterPoint Energy, Inc.

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Summary

This document outlines the compensation arrangements for Milton Carroll, Executive Chairman of CenterPoint Energy, Inc. Effective April 1, 2019, Mr. Carroll's annual base salary increases from $710,000 to $760,000, continuing until his service as Executive Chairman ends or the Board decides otherwise. His long-term incentive compensation target also rises from 300% to 325% of his base salary. No additional restricted stock units were granted to him in 2019, except those related to his long-term incentive award.

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EX-10.(H) 3 cnp_exhibit10hx12312018.htm EXHIBIT 10.(H) Exhibit


Exhibit 10(h)

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 $710,000 to $760,000 effective as of April 1, 2019 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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Mr. Carroll’s long-term incentive compensation target is increased from a target equal to 300% of base salary to a target equal to 325% of base salary.

Mr. Carroll was not granted any additional awards of restricted stock units in 2019, other than in connection with his long-term incentive award noted above.