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

Summary

This document outlines the compensation terms for Milton Carroll, Executive Chairman of CenterPoint Energy, Inc. His annual base salary is increased to $820,000 effective April 1, 2020, and he will receive a $500,000 bonus for 2019. His long-term incentive compensation target remains at 325% of his base salary, with no additional restricted stock units granted in 2020 beyond this incentive. These terms remain in effect until his service as Executive Chairman ends or is otherwise modified by the Board.

EX-10.(H) 5 cnpexhibit10h12312019.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”):


•	Mr. Carroll’s annual base salary is increased from $760,000 to $820,000 effective as of April 1, 2020 and continuing thereafter until the termination of Mr. Carroll’s service as Executive Chairman of the Board or as otherwise modified by the Board;


•	Mr. Carroll will receive a 2019 bonus of $500,000; and


•	No changes were made to Mr. Carroll’s long-term incentive compensation target of 325% of base salary.

Mr. Carroll was not granted any additional awards of restricted stock units in 2020, other than in connection with his long-term incentive award noted above.