EX-10.7
from 8-K
4 pages
1 Centerpoint Energy 2005 Deferred Compensation Plan (As Amended and Restated Effective January 1, 2009) Fifth Amendment Whereas, Centerpoint Energy, Inc., a Texas Corporation (The “Company”), Maintains the Centerpoint Energy 2005 Deferred Compensation Plan, as Amended and Restated Effective January 1, 2009 and Thereafter Amended (The “Plan”); Whereas, Pursuant to Section 7.1 of the Plan, the Board of Directors of the Company May Amend or Terminate the Plan at Any Time; Whereas, the Company Heretofore Amended the Plan to Cease Deferrals of Compensation Under the Plan for Participation Years Beginning on or After January 1, 2023; Whereas, the Company Desires to Amend the Plan to (I) Resume Deferrals of Compensation Under the Plan for Participation Years Beginning on or After January 1, 2026 and (II) Designate the Employees Eligible to Participate in the Plan for Such Participation Years; and Now, Therefore, the Company Does Hereby Amend the Plan as Follows, Effective as of January 1, 2026: 1. Capitalized Terms Used but Not Defined Herein Shall Have the Meanings Set Forth in the Plan. 2. Notwithstanding Any Prior Amendment to the Plan, a Participant May Defer Compensation Under the Plan for Participation Years Beginning on or After January 1, 2026, Subject to the Terms of the Plan Without Regard to the Second Amendment to the Plan. for the Sake of Clarity, a Bonus That Qualifies as “Performance-Based Compensation” Under Code Section 409a(a)(4)(b) May Not Be Deferred Under the Plan if the Performance Period Ends Prior to January 1, 2026
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