Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 1212

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 1212
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 supplemental credited service agreement.Payable upon separation from service subject to six month delay if the participant is a "specified employee" under Code Section 409A.Payable upon separation from service subject to six month delay required under the Code Section 409A.Payable at age 65Prior to age 65, vesting is conditioned on the prior written consent of the officer’s Entergy employer.Benefits payable prior to age 65 are subject to the same reduced terminated vested or subsidized early retirement reduction factors as benefits payable under the Entergy Retirement Plan as described above. Payable upon separation from service subject to six month delay if the participant is a "specified employee" under Code Section 409A. 

(1)The SERP was closed to new executive officers effective July 1, 2014.  Effective July 1, 2014,  no new grants of supplemental service may be provided to participants in the PEP. Participants in Entergy Corporation’s Cash Balance Plan are not eligible to participate in the PEP and instead may be eligible to participate in the CBEP.

(2)Benefits accrued under the SERP, PEP, and CBEP, if any, will become fully vested if a participant is involuntarily terminated without cause or terminates his or her employment for good reason in connection with a change in control with payment generally made in a lump-sum payment as soon as reasonably practicable following the first day of the month after the termination of employment, unless delayed six months under Code Section 409A.

2024 Non-Qualified Deferred Compensation

As of December 31, 2024, Mr. May had a deferred account balance under a frozen Defined Contribution Restoration Plan.  The amount is deemed invested, as chosen by Mr. May, in certain T. Rowe Price investment funds that are also available to participants under the Savings Plan.  Mr. May has elected to receive the deferred account balance after he retires.  The Defined Contribution Restoration Plan, until it was frozen in 2005, credited eligible employees’ deferral accounts with employer contributions to the extent contributions under the qualified savings plan in which the employee participated were subject to limitations imposed by the Code.

Defined Contribution Restoration PlanNameExecutive Contributions in 2024Registrant Contributions in 2024Aggregate Earnings in 2024(1)Aggregate Withdrawals/DistributionsAggregate Balance at December 31, 2024(a)(b)(c)(d)(e)(f)Phillip R. May, Jr.$— $—