Common use of Timing of Distribution Clause in Contracts

Timing of Distribution. If the Participant is entitled to a benefit pursuant to Section 4(a) or (b) hereof, then the number of shares of Common Stock determined in accordance with the applicable provision of this Section 4 shall be distributed not later than the 70th day after the Participant’s Termination Date.

Appears in 3 contracts

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

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Timing of Distribution. If the Participant is entitled to a benefit pursuant to Section 4(a) hereof due to the Participant’s death or (b) hereofSeparation from Service due to Disability, then the number of shares of Common Stock determined in accordance with the applicable provision of this Section 4 shall be distributed not later than the 70th day after the Participant’s Termination DateDate except as otherwise provided in Section 7.

Appears in 1 contract

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

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