Fourth Amendment to CenterPoint Energy Savings Restoration Plan (Effective October 1, 2023)

Summary

CenterPoint Energy, Inc. has amended its Savings Restoration Plan, which benefits eligible employees, to add a new provision. Effective October 1, 2023, the company may recover or reclaim benefits paid under the plan if required by any clawback or recoupment policy it adopts. This amendment ensures that employee benefits under the plan are subject to potential recovery by the company in accordance with such policies.

EX-10.3 6 exhibit103fourthamendmentt.htm EX-10.3 Document

Exhibit 10.3

CENTERPOINT ENERGY SAVINGS RESTORATION PLAN
(Effective as of January 1, 2008)

Fourth Amendment

WHEREAS, CenterPoint Energy, Inc. (the “Company”) maintains the CenterPoint Energy Savings 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 6.2 thereof to amend the Plan, does hereby amend the Plan, effective as of October 1, 2023, as follows:

1.A new Section 4.10 shall be added to the Plan to read as follows:

“4.10 Clawback or Recoupment. Notwithstanding any other provision in this Plan, a Participant’s Total 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 Total 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

ATTEST:

/s/ Vincent A. Mercaldi_
Vincent A. Mercaldi
Corporate Secretary


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