| 1.   | An      Entergy System Company, as designated by the Chief Executive Officer of      Entergy Corporation (“CEO”), shall      continue to employ you in a position, at a management level and with a      salary no less than your management level and salary with Entergy      Services, Inc. as of the effective date of this  Agreement. |
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| 2.   | Your      duties during your continued employment shall be as the CEO may direct,      including, but not limited to, coordinating the orderly unwinding of the      preparations for the contemplated Spin Transaction and assisting in      efforts to renew the operating license for the Indian Point Energy Center,      and you shall be required to perform such duties to the satisfaction of      the CEO. |
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| 3.   | Should      you remain continuously employed in accordance the terms and conditions      set forth above for twenty-four (24) months following the date of a public      announcement that the Spin Transaction shall not occur, then at the end of      such twenty-four (24) month period, you shall receive payment of a      single-sum cash payment equal to 1.5 times your “base salary,” as defined      below, and such cash amount shall be payable to you as      soon as practicable after, and no later than March 15th following, the end      of the calendar year in which such amount is no longer subject to a      “substantial risk of forfeiture” (within the meaning of Code Section      409A). |
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| 4.   | Should      you not      remain continuously employed for twenty-four (24) months and, therefore,      not be entitled to payment under (3) above, but should you remain      continuously employed at least six (6) months following the date of a      public announcement that the Spin Transaction shall not occur and in      accordance with the terms and conditions set forth above, then with the      CEO’s express written consent (which consent may be freely withheld in the      CEO’s sole discretion and for any reason) you may elect to retire from      Entergy System Company employment, in which case upon your “separation      from service” (within the meaning of Section 409A of the Internal Revenue      Code of 1986, as amended) you shall receive payment of a single-sum cash      payment equal to 1.5 times your “base salary,” as defined below, and such      cash amount shall be payable to you as      soon as practicable after, and no later than March 15th following, the end      of the calendar year in which such amount is no longer subject to a      “substantial risk of forfeiture” (within the meaning of Code Section      409A). |
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| 5.   | For      purposes of (3) and (4) above, your “base salary”      shall mean your annual pre-tax rate of base pay as of the date of your      separation from service, exclusive of any bonuses, overtime, incentive or      other special payments but inclusive of the amount(s), if any, you have      elected to defer under a qualified 401(k) plan, cafeteria plan or similar      deferred compensation plan sponsored by Entergy Corporation or otherwise      in which your Entergy System Company employer      participates;  and |
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| 6.   | The      amount that may become payable under this Agreement shall be excludible      from the requirements of Code Section 409A, to the maximum possible      extent, as a short-term deferral amount (e.g., payable prior to      March 15 of the calendar year following the calendar year in which such      amount is no longer subject to a substantial risk of      forfeiture). |
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