Common use of Disability or Retirement Clause in Contracts

Disability or Retirement. If the Participant is entitled to a benefit pursuant to Section 4(b) hereof due to the Participant’s Disability or Retirement, then the number of shares of Common Stock determined in accordance with Section 4(b) shall be registered in book-entry form with the Company’s transfer agent in the name of the Participant on the date that is the earlier of (x) the second business day following the end of the six-month period commencing on the Participant’s Termination Date or (y) the Participant’s date of death, if death occurs during such six-month period.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Centerpoint Energy Inc), Restricted Stock Unit Award Agreement (Centerpoint Energy Inc)

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Disability or Retirement. If the Participant is entitled to a benefit pursuant to Section 4(a) or 4(b) hereof due to the Participant’s Disability or Retirement, then the number of shares of Common Stock determined in accordance with Section 4(a) or 4(b) ), as applicable, shall be registered in book-entry form with the Company’s transfer agent in the name of the Participant on the date that is the earlier of (x) the second business day following the end of the six-month period commencing on the Participant’s Termination Date or (y) the Participant’s date of death, if death occurs during such six-month period.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Centerpoint Energy Inc)

Disability or Retirement. If the Participant is entitled to a benefit pursuant to Section 4(b4(a) hereof due to the Participant’s Separation from Service due to Disability or Retirement, then the number of shares of Common Stock determined in accordance with Section 4(b4(a) shall be registered in book-entry form with the Company’s transfer agent in the name of the Participant and delivered to the Participant on the date that is the earlier of (x) the second business day following the end of the six-month period commencing on the Participant’s Termination Date or (y) the Participant’s date of death, if death occurs during such six-month period.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Centerpoint Energy Inc)

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Disability or Retirement. If the Participant is entitled to a benefit pursuant to Section 4(b4(a) hereof due to the Participant’s 's Separation from Service due to Disability or Retirement, then the number of shares of Common Stock determined in accordance with Section 4(b4(a) shall be registered in book-entry form with the Company’s transfer agent in the name of the Participant on the date that is the earlier of (x) the second business day following the end of the six-month period commencing on the Participant’s 's Termination Date or (y) the Participant’s 's date of death, if death occurs during such six-month period.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Centerpoint Energy Inc)

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