Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 1211

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 1211
---
aley R. Fisackerly Laura R. LandreauxAndrew S. MarshPhilip R. May, Jr.Kimberly A. FontanDeanna D. Rodriguez Roderick K. WestPeter S. Norgeot, Jr.Eliecer ViamontesMarcus V. BrownHaley R. FisackerlyAndrew S. MarshPhilip R. May, Jr.Roderick K. WestEligibility(1)Management or highly compensated employees who participate in the Entergy Retirement PlanManagement or highly compensated employees who participate in the Cash Balance PlanCertain individuals who became executive officers before July 1, 2014Form of Payment Upon RetirementSingle lump sum distributionSingle lump sum distributionSingle lump sum distributionRetirement Benefit FormulaBenefits generally are equal to the actuarial present value of the difference between (1) the amount that would have been payable as an annuity under the Entergy Retirement Plan, including executive annual incentive program awards as eligible earnings and without applying the limitations of the Code on pension benefits and earnings that may be considered in calculating tax-qualified pension benefits, and (2) the amount actually payable as an annuity under the Entergy Retirement Plan. Executive annual incentive awards are taken into account as eligible earnings under this plan.Benefits generally are equal to the difference between the amount that would have been payable as a lump sum under the Cash Balance Plan, but for the Code limitations on pension benefits and earnings that may be considered in calculating tax-qualified cash balance plan benefits, and the amount actually payable as a lump sum under the Cash Balance Plan.Benefits generally are equal to the actuarial present value of a specified percentage, based on the participant’s years of service and management level of the participant’s “Final Average Monthly Compensation” (which is generally 1/36th of the sum of the participant’s base salary and annual incentive plan award for the three highest years during the last 10 years preceding separation from service), after first being reduced by the value of the participant’s Entergy Retirement Plan benefit.

510

Pension Equalization PlanCash Balance Equalization PlanSystem Executive Retirement PlanBenefit timing(2)Payable at age 65Benefits payable prior to age 65 are subject to the same reduced terminated vested or early retirement reduction factors as benefits payable under the Entergy Retirement Plan as described above.An employee with supplemental credited service who terminates employment prior to age 65 must receive prior written consent of the Entergy employer in order to receive the portion of their benefit attributable to their