Common use of No Assumption or Substitution Clause in Contracts

No Assumption or Substitution. If the Participant is entitled to a benefit pursuant to Section 5(b), distributions shall be made in accordance with Section 5(e) on the Change in Control Payment Date.

Appears in 13 contracts

Sources: Restricted Stock Unit Award Agreement (Centerpoint Energy Resources Corp), Restricted Stock Unit Award Agreement (Centerpoint Energy Resources Corp), Restricted Stock Unit Award Agreement (Centerpoint Energy Resources Corp)

No Assumption or Substitution. If the Participant is entitled to a benefit pursuant to Section 5(b6(b), distributions shall be made in accordance with Section 5(e6(e) on the Change in Control Payment Date.

Appears in 9 contracts

Sources: Performance Award Agreement (Centerpoint Energy Resources Corp), Performance Award Agreement (Centerpoint Energy Resources Corp), Performance Award Agreement (Centerpoint Energy Resources Corp)

No Assumption or Substitution. If the Participant is entitled to a benefit pursuant to Section 5(b6(b), distributions shall be made in accordance with Section 5(e6(d) on the Change in Control Payment Date.

Appears in 4 contracts

Sources: Performance Award Agreement (Centerpoint Energy Inc), Performance Award Agreement (Centerpoint Energy Inc), Performance Award Agreement (Centerpoint Energy Inc)

No Assumption or Substitution. If the Participant is entitled to a benefit pursuant to Section 5(b), distributions shall be made in accordance with Section 5(e5(d) on the Change in Control Payment Date.

Appears in 4 contracts

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