Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 1055

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 3
Chunk 1055
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 a select group of individuals who became executive officers before July 1, 2014.See “2024 Pension Benefits” for additional information regarding the operation of and NEO participation in the plans described above.Savings Plan Entergy Corporation-sponsored 401(k) Savings Plan that covers a broad group of employees and provides for an employer matching contribution.Health & Welfare Benefits Medical, dental and vision coverage, health care and dependent care reimbursement plans, life and accidental death and dismemberment insurance, business travel accident insurance, and basic long-term disability insurance.Eligibility, coverage levels, potential employee contributions, and other plan design features are the same for the NEOs as for the broad employee population.

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Plan TypeDescription2024 PerquisitesCorporate aircraft usage and annual mandatory physical exams.  Members of the OCE do not receive tax gross ups on any benefits, except for relocation benefits. For additional information regarding perquisites, including additional limited perquisites that were received by certain of the NEOs during 2024 prior to becoming members of the OCE, see the “All Other Compensation” column in the 2024 Summary Compensation Table.Deferred CompensationThe NEOs are eligible to defer up to 100% of their base salary and annual incentive awards into the Entergy Corporation sponsored Executive Deferred Compensation Plan.Executive Disability Plan This plan pays eligible individuals a supplemental long-term disability (LTD) benefit if they are disabled and receiving LTD benefits from the broad-based LTD Plan.  The benefit payable under this plan is equal to 65% of the difference between their annual base salary and the annual base salary that produces the maximum disability payment under our broad-based LTD plan, which is $15,000.

Entergy Corporation provides these benefits to the NEOs as part of its effort to provide a competitive executive compensation program and because it believes that these benefits are important retention and recruitment tools since many of the companies with which it competes for executive talent provide similar arrangements to their senior executive officers.

Severance and Retention Arrangements

The Talent and Compensation Committee believes that retention and transitional compensation arrangements are an important part of overall compensation as they help to secure the continued employment and dedication of the NEOs, notwithstanding any concern that they might have at the time of a change in control regarding their own continued employment.  In addition, the Talent and Compensation Committee believes that these arrangements are important as recruitment and retention devices, as many of the companies with which Entergy Corporation competes for executive talent have similar arrangements in place for their senior employees.

To achieve these objectives