Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 1079

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 3
Chunk 1079
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 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 years of vesting service or upon attainment of age 65 while actively employed by an Entergy system company.A participant becomes vested in the Cash Balance Plan upon attainment of at least 3 years of vesting service or upon attainment of age 65 while actively employed by an Entergy system company.Form of Payment Upon RetirementBenefits are payable as an annuity.  For employees who separate from service on or after January 1, 2018, a single lump sum distribution