Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 1087

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 3
Chunk 1087
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 in Control, the executive officers, including the continuing NEOs, generally will receive the benefits set forth below:

Termination EventCompensation ElementSeveranceAnnual IncentiveStock OptionsRestricted Stock(2)Performance UnitsVoluntary Resignation (Not Retirement)NoneForfeited(1)Unvested options are forfeited.  Vested options expire on the earlier of (i) 90 days from the last day of active employment and (ii) the option’s normal expiration date.ForfeitedForfeited(3)Termination for CauseNoneForfeitedForfeitedForfeitedForfeitedRetirementNonePro-rated based on number of days employed during the performance periodUnvested stock options continue to vest following retirement, in accordance with the original vesting schedule and expire the earlier of (i) five years from the retirement date and (ii) the option’s normal expiration date.ForfeitedOfficers with a minimum of 12 months of participation are eligible for a pro-rated award based on actual performance and full months of service during the performance periodDeath/DisabilityNonePro-rated based on number of days employed during the performance periodUnvested stock options vest on the termination date and expire on the earlier of (i) five years from the termination date and (ii) the option’s normal expiration dateFully VestOfficers are eligible for pro-rated award based on actual performance and full months of service during the performance period

(1)If an officer resigns after the completion of an annual incentive program performance period, but before the payment date of the annual incentive payment, he or she may receive, at Entergy’s discretion, an annual incentive payment.

(2)This column refers solely to restricted stock awards.  Certain officers are occasionally granted restricted stock units for retention purposes, to offset forfeited compensation from a previous employer or for other limited purposes.  The treatment of restricted stock units depends on the terms of the individual restricted stock unit agreement, which terms can vary.  The standard off-cycle restricted stock unit agreement approved by the Talent and Compensation Committee provides that the units are forfeited if employment is terminated for any reason before the vesting date, except in the case of a termination other than for cause or voluntary termination for Good Reason during a Change in Control period.  However, individual restricted stock unit agreements may provide for accelerated vesting in certain events, such as death or disability.  Messrs. Fisackerly and May each have outstanding restricted stock units, the treatment of which upon various events of