Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 1208

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 1208
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 will be determined as if such separation from employment occurred as of November 30, 2022 (including the use of final average monthly compensation, service and actuarial assumptions applicable to separations as of such date).  If Mr. Brown separates from service and the contingencies are not met, then Mr. Brown (or his surviving spouse) will receive the lesser of the previously described benefit amount 

507

under the SERP or the benefit that would have been payable to Mr. Brown under the SERP or the PEP, without regard to the above-described amendments to the SERP and PEP.

(3)Service under the SERP is granted from the date of hire.  Service under the qualified Entergy Retirement Plan is granted from the later of the date of hire or the plan participation date.  The SERP amounts reflected in the table for Mr. May is calculated based on 30 years of service pursuant to the terms of the SERP.

The tables below contain summaries of the pension benefit plans sponsored by Entergy  that the NEOs participated in during 2024.  Benefits for the NEOs who participate in these plans are determined using the same formulas as for other eligible employees.

Qualified Retirement Benefits

All of our NEOs, except Messrs. Norgeot and Viamontes participate in the Entergy Retirement Plan, a tax-qualified final average pay defined benefit pension plan sponsored by Entergy.  Messrs. Norgeot and Viamontes participate in the Cash Balance Plan, which is a tax-qualified cash balance defined benefit pension plan Entergy sponsors for employees hired after June 30, 2014 and before January 1, 2021.  Summaries of these plans are provided below.  Benefits for the NEOs are determined using the same formulas as for other eligible employees:

Entergy Retirement Plan Cash Balance Plan(1) Eligible Named Executive OfficersMarcus V. BrownHaley R. FisackerlyAndrew S. MarshLaura R. LandreauxPhillip R. May, Jr.Kimberly A. FontanDeanna D. Rodriguez Roderick K. WestPeter S. Norgeot, Jr.Eliecer ViamontesEligibilityNon-bargaining employees hired before July 1, 2014Non-bargaining employees hired on or after July 1, 2014 and before January 1, 2021.VestingA participant becomes vested in the Entergy Retirement Plan upon attainment of at least 5