Third Amendment to CenterPoint Energy Benefit Restoration Plan (Effective October 1, 2023)
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Summary
This amendment, effective October 1, 2023, modifies the CenterPoint Energy Benefit Restoration Plan for eligible employees of CenterPoint Energy, Inc. The key change adds a provision allowing the company to recover or reclaim benefits paid to participants under any clawback or recoupment policy it adopts. This means that benefits may be taken back if required by company policy, regardless of when the benefits were paid. The amendment is executed by the company's Chief Executive Officer and Corporate Secretary.
EX-10.2 5 exhibit102thirdamendmentto.htm EX-10.2 Document
Third Amendment
Exhibit 10.2
CENTERPOINT ENERGY BENEFIT RESTORATION PLAN
(Effective as of January 1, 2008)
(Effective as of January 1, 2008)
Third Amendment
WHEREAS, CenterPoint Energy, Inc. (the “Company”) maintains the CenterPoint Energy Benefit Restoration Plan, effective as of January 1, 2008 (the “Plan”) for the benefit of its eligible employees; and
WHEREAS, the Company desires to amend the Plan in certain respects;
NOW, THEREFORE, the Company, having reserved the right under Section 18 thereof to amend the Plan, does hereby amend the Plan, effective as of October 1, 2023, as follows:
1.A new Section 22 shall be added to the Plan to read as follows:
“22. Clawback or Recoupment. Notwithstanding any other provision in this Plan, a Participant’s Plan Benefit shall be subject to clawback, recovery or recoupment by the Company under any clawback or recoupment policy adopted by the Company, whether before or after payment of the Plan Benefit.”
IN WITNESS WHEREOF, CenterPoint Energy, Inc. has executed these presents as evidenced by the signature of its officer affixed hereto, which may be sufficiently evidenced by any executed copy hereof, this 28th day of September, 2023, but effective as set forth above.
CENTERPOINT ENERGY, INC.
By: /s/ David J. Lesar________________________
David J. Lesar
Chief Executive Officer
David J. Lesar
Chief Executive Officer
ATTEST:
/s/ Vincent A. Mercaldi___
Vincent A. Mercaldi
Corporate Secretary
Vincent A. Mercaldi
Corporate Secretary
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