Summary of Certain Compensation Arrangements of the Executive Chairman of the Board
EX-10.(H) 5 cnpexhibit10h12312019.htm EXHIBIT 10.(H) Exhibit
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.