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ZOETIS INC.
2013 EQUITY AND INCENTIVE PLAN
DIRECTOR RESTRICTED STOCK UNIT AWARD

Zoetis Inc. (the “Company”) has granted to the person named below (the “Participant”), an Award of Restricted Stock Units under Section 8.1 of the Zoetis Inc. 2013 Equity and Incentive Plan, as amended and restated (the “Plan”).  This Award is subject to all of the terms, definitions and provisions of this Restricted Stock Unit Award (this “RSU Award”) and the Plan, which is incorporated herein by reference, as follows:
Participant Name:            _______________
Date of Grant:    _______________
Number of Restricted Stock Units:     _______________
Unless otherwise defined in this RSU Award, the terms used in this RSU Award shall have the meanings defined in the Plan.  In the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this RSU Award, the terms and conditions of the Plan will prevail.

1.Vesting Schedule.  
    (a)    Regular Vesting Schedule.  Subject to the acceleration provisions set forth below, 100% of the total Number of Restricted Stock Units subject to this Award shall vest and be settled on the third anniversary of the Date of Grant (the “Settlement Date”); provided that, except as set forth in Section 1(b) below, this Award shall cease vesting immediately upon Participant’s Termination of Service.
        Except as set forth in Section 1(b) below, Restricted Stock Units scheduled to vest on a certain date or upon the occurrence of a certain condition will not vest on such date or occurrence unless Participant has continuously and actively been providing services to the Company from the Date of Grant until the date such vesting occurs.  The Administrator (or any delegate) shall have the sole discretion to determine when Participant is no longer employed or providing services for purposes of this Award and participation in the Plan.
        (b)    Accelerated or Special Vesting Conditions
    Subject to the general provisions above, in the event of the following circumstances, the following vesting and settlement provisions shall apply:
(I)    Death.  In the event of Participant’s Termination of Service due to Participant’s death, 100% of the Restricted Stock Units subject to this Award (including dividend equivalents with respect thereto credited pursuant to Section 7 below) will vest immediately and be settled within 60 days following such Termination of Service.  The person named in 
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Participant’s will or Participant’s beneficiary, as the case may be, will receive the Shares issued upon settlement of Participant’s Restricted Stock Units, subject to applicable law.
(ii)    Disability.  In the event of Participant’s Termination of Service due to Participant’s Disability (as defined below), 100% of the Restricted Stock Units subject to this Award (including dividend equivalents with respect thereto credited pursuant to Section 7 below) will vest immediately and be settled within 60 days following such Termination of Service.  For purposes of this Award, “Disability” shall mean that Participant is unable to perform his or her duties as a Director due to disability or incapacity of more than a temporary nature, as determined by the Board of Directors.
(iii)    Termination of Service at Conclusion of Term.  In the event of Participant’s Termination of Service at the conclusion of the term for which he or she was elected, 100% of the Restricted Stock Units subject to this Award (including dividend equivalents with respect thereto credited pursuant to Section 7 below) will vest immediately and be settled within 60 days following such Termination of Service.
    (iv)    Other Termination of Service.  In the event of Participant’s Termination of Service before the conclusion of the term for which he or she was elected other than by reason of death, Disability, or a Change in Control, a pro-rata portion of the Restricted Stock Units subject to this Award (including dividend equivalents with respect thereto credited pursuant to Section 7 below) will vest immediately and be settled within 60 days following such Termination of Service. For this purpose, the pro-rata portion of the Award that vests will be determined based on the number of days that Participant was a Director from the Date of Grant through the date of Participant’s Termination of Service as compared to the total number of days from the Date of Grant to the third anniversary of the Date of Grant.  The balance of the Restricted Stock Units that have not vested as of the date of Participant’s Termination of Service and do not vest as a result of Participant’s Termination of Service will be immediately forfeited without consideration. The Company shall have the sole discretion to determine when and under what circumstances Participant’s Termination of Service occurs for purposes of this RSU Award.
    (v)    Change in Control.  In the event of a Change in Control while Participant is serving as a Director, 100% of the Restricted Stock Units subject to this Award (including dividend equivalents with respect thereto credited pursuant to Section 7 below) will immediately vest and be settled; provided, however, that if the Change in Control does not qualify as a “change of control” under Section 409A of the Internal Revenue Code of 1986 (“Section 409A”), settlement of such Restricted Stock Units will be delayed until, and will occur on, the earliest of: (i) the Settlement Date (as defined in Section 1(a)), (ii) the date of Participant’s Termination of Service, or (iii) the occurrence of a Change in Control which qualifies as a “change of control” under Section 409A.
(vi)    Section 409A.  Notwithstanding the foregoing provisions of this Section 1(b), settlement upon Participant’s Termination of Service shall not occur unless such Termination of Service is also a “separation from service” (within the meaning of Section 409A).
2.Company’s Obligation to Pay.  Each Restricted Stock Unit represents the right to receive a Share of Common Stock if the Restricted Stock Unit vests.  Unless and until the Restricted Stock Units have vested in the manner set forth in Section 1 above, Participant will have no right to payment of any Shares.  Prior to actual payment of any Shares, such Restricted Stock Unit will represent an unsecured obligation of the Company.  Restricted Stock Units will 
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be automatically settled and paid to Participant in Shares (cash will be paid in lieu of any  fractional Shares) upon the Settlement Date (or earlier date for settlement provided in Section 1(b)) of such Restricted Stock Units, subject to Participant satisfying any applicable tax, tax withholding or other obligations as set forth in Section 5 and any other requirements or restrictions that may be imposed by the Company to comply with applicable laws or facilitate administration of the Plan.
3.Inappropriate Activity; Clawbacks.
(a)    Forfeiture for Inappropriate Activity.  To the extent permitted by applicable law, if at any time Participant engages in any of the activities listed below, this Award (including any vested portion thereof) shall immediately terminate in its entirety and be forfeited without consideration.  The activities subject to this paragraph are any activity inimical, contrary or harmful to the interests of the Company or any Affiliate, including, but not limited to: (A) conduct related to Participant’s service as a Director for which either criminal or civil penalties against Participant may be sought, (B) violation of Company or any Affiliate policies, including, without limitation, the Company’s insider trading policy, (C) accepting employment with or serving as a consultant, advisor or in any other capacity to a person or entity that is in competition with or acting against the interest of the Company or any Affiliate while serving as a Director, (D) disclosing or misusing  any confidential information or material concerning the Company or any Affiliate, or (E) participating in an attempted hostile takeover of the Company.
(b)    Clawbacks.  The Company shall recover all or a portion of any compensation realized by Participant under this Award as defined in and to the extent required by regulations or stock exchange requirements adopted pursuant to the Dodd-Frank Act.
4.Tax Obligations.  Regardless of any action the Company takes with respect to any or all applicable national, local, or other taxes or social contributions, withholdings, required deductions, or other payments, if any, that arise upon the grant, vesting or settlement of the Restricted Stock Units or the holding or subsequent sale of Shares, and the receipt of dividends (or dividend equivalent units), if any (“Tax-Related Items”), Participant acknowledges and agrees that the ultimate liability for all Tax-Related Items legally due by Participant is and remains Participant’s responsibility and may exceed the amount actually withheld by the Company.  Participant further acknowledges that the Company (a) makes no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of this RSU Award , including grant, vesting, settlement, the holding or subsequent sale of Shares acquired under the Plan, and the receipt of dividends (or dividend equivalents), if any; and (b) does not commit to and is under no obligation to structure the terms of the Restricted Stock Units or any aspect of the Restricted Stock Units to reduce or eliminate Participant’s liability for Tax-Related Items, or achieve any particular tax result.  Further, if Participant has become subject to Tax-Related Items in more than one jurisdiction, Participant acknowledges that the Company may be required to withhold or account for Tax-Related Items in more than one jurisdiction.  Notwithstanding any contrary provision of this RSU Award, no Shares will be issued (or other payment made) to Participant, unless and until satisfactory arrangements (as determined by the Administrator) have been made by Participant with respect to the payment of any Tax-Related Items that the Company determines must be satisfied with respect to such Shares.
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The Company may require Participant to satisfy applicable tax withholding obligations (if any) by (a) paying cash, (b) having the Company withhold Shares otherwise deliverable to Participant to satisfy the minimum withholding obligation (but only limited to such minimum to the extent required to avoid adverse tax consequences), (c) having the Company withhold the required amount from Participant’s cash compensation or any other payment of any kind otherwise due to Participant,, (d) surrendering already-owned Shares having a Fair Market Value equal to the minimum statutory withholding (but only limited to such minimum to the extent required to avoid adverse tax consequences), or (e) pursuant to such other procedures as may be specified by the Administrator from time to time.  The Company in its discretion will have the right (but not the obligation) to satisfy any applicable tax withholding obligations by reducing the number of Shares otherwise deliverable to Participant or by withholding such amounts from other compensation payable to Participant.  If Participant fails to make satisfactory arrangements for the payment of any applicable tax withholding obligations hereunder at the time any applicable Restricted Stock Units otherwise are scheduled to be settled, Participant will permanently forfeit such Restricted Stock Units and any right to receive Shares thereunder and the Restricted Stock Units will be returned to the Company at no cost to the Company.
5.Rights as Stockholder.  Until the issuance of the Shares subject to this Award (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a holder of capital stock shall exist with respect to this Award.  No adjustment will be made for a dividend or other right for which the record date is prior to the date the Shares are issued, except as provided in Section 7 below and Section 3.2 of the Plan
6.Dividend Equivalent Units.  Unless otherwise set forth in any applicable Country-Specific Addendum, if the Company declares a cash dividend on its Common Stock, Participant will be entitled to be credited with dividend equivalent units equal to (i) the amount of such dividend declared and paid with respect to one share of Common Stock, multiplied by (ii) the number of Restricted Stock Units subject to this Award plus the number of dividend equivalent units previously credited with respect to such Restricted Stock Units that are outstanding on the applicable dividend record date with respect to such dividend payment date, divided by (iii) the Fair Market Value of a Share of Common Stock on the dividend record date.  Dividend equivalent units will not be credited with interest.  Each dividend equivalent unit represents one Share of Common Stock and will be paid in Shares at the same time and to the same extent to which the Company issues the Shares underlying the Restricted Stock Units with respect to which they were credited. The Administrator may prospectively change the method of crediting dividend equivalent units as it, in its sole discretion, determines appropriate from time to time. 
7.No Guarantee of Continued Service or Grants.  PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE VESTING OF THE RESTRICTED STOCK UNITS PURSUANT TO THE VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY AND NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS AWARD OF RESTRICTED STOCK UNITS OR ACQUIRING SHARES HEREUNDER.  PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THIS RSU AWARD, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND WILL NOT INTERFERE IN ANY WAY WITH PARTICIPANT’S RIGHT OR THE RIGHT OF THE COMPANY TO TERMINATE 
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PARTICIPANT’S RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE (SUBJECT TO APPLICABLE LAWS).
Participant also acknowledges and agrees that: (a) the Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended, suspended or terminated by the Company at any time; (b) the grant of Restricted Stock Units is voluntary and occasional and does not create any contractual or other right to receive future grants of Restricted Stock Units, or benefits in lieu of Restricted Stock Units even if Restricted Stock Units have been granted repeatedly in the past, and all decisions with respect to future grants of Restricted Stock Units or other Awards, if any, will be at the sole discretion of the Company; (c) all decisions with respect to future awards of Restricted Stock Units, if any, will be at the sole discretion of the Company; (d) Participant’s participation in the Plan is voluntary; (e) the Restricted Stock Units and the Shares subject to the Restricted Stock Units are extraordinary items that do not constitute regular compensation for services rendered to the Company, and are outside the scope of Participant’s service contract, if any; (f) the Restricted Stock Units and the Shares subject to the Restricted Stock Units are not intended to replace any pension rights or compensation; (g) the Restricted Stock Units and the Shares subject to the Restricted Stock Units are not part of normal or expected compensation or salary for any purposes, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, or end of service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments and in no event should be considered as compensation for, or relating in any way to, past services for the Company. 
8.No Advice Regarding Grant.  The Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding Participant’s participation in the Plan, or Participant’s acquisition or sale of the Shares underlying this Award.  Participant is hereby advised to consult with his or her own personal tax, legal and financial advisors regarding Participant’s participation in the Plan before taking any action related to the Plan.
9.Address for Notices.  Except as required under Section 15, any notice to be given to the Company under the terms of this RSU Award shall be addressed to the Company, in care of its General Counsel at Zoetis Inc., 10 Sylvan Way, Parsippany, New Jersey, or at such other address as the Company may hereafter designate in writing.
10.Non-Transferability of Restricted Stock Units.  The Restricted Stock Units shall not be transferable other than by will or the laws of descent and distribution.  The designation of a beneficiary does not constitute a transfer.  
11.Binding Agreement.  Subject to the limitation on the transferability of this grant contained herein and to the other terms and conditions of the Plan, this RSU Award will be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto.
12.Additional Conditions to Issuance of Shares.  If at any time the Company will determine, in its discretion, that the listing, registration or qualification of this Award or the 
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Shares upon any securities exchange or under any state, federal or foreign law, or the consent or approval of any governmental regulatory authority is necessary or desirable as a condition to the grant of this Award or the issuance of Shares to Participant (or his or her beneficiary or estate), such grant or issuance will not occur unless and until such listing, registration, qualification, consent or approval will have been effected or obtained free of any conditions not acceptable to the Company.  Where the Company determines that the grant of this Award or the delivery of the payment of any Shares will violate federal securities laws or other applicable laws, the Company will defer the grant of this Award or the delivery of the Shares until the earliest date at which the Company reasonably anticipates that the grant of this Award or the delivery of Shares will no longer cause such violation.  The Company shall have no obligation, and will have no liability for failure, to satisfy the requirements of any such state, federal or foreign law or securities exchange or to obtain any such consent or approval of any such governmental authority.  The Company shall not be obligated to treat this Award as outstanding or issue any Shares pursuant to this Award at any time if the grant of this Award or the issuance of Shares pursuant to this Award violates or is not in compliance with any laws, rules or regulations of the United States or any state or country.
Furthermore, the Company reserves the right to impose other requirements on Participant’s participation in the Plan, this Award and on any Shares acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with applicable law or facilitate the administration of the Plan, and to require Participant to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing.  Furthermore, Participant understands that the laws of the country in which he or she is resident at the time of grant or vesting or settlement of this Award or the holding or disposition of Shares or receipt of dividends (or dividend equivalent units), if any (including any rules or regulations governing securities, foreign exchange, tax, labor or other matters) may restrict or prevent the grant of this Award or the issuance of Shares or may subject Participant to additional procedural or regulatory requirements he or she is solely responsible for and will have to independently fulfill in relation to this Award or the Shares.  Notwithstanding any provision herein, this Award and any Shares issuable hereunder shall be subject to any special terms and conditions or disclosures as set forth in any addendum for Participant’s country (the “Country-Specific Addendum”), which forms part this RSU Award.
13.Administrator Authority.  The Administrator has the power to interpret the Plan and this RSU Award and to adopt such rules for the administration, interpretation and application of the Plan and this RSU Award as are consistent therewith and to interpret or revoke any such rules (including, but not limited to, the determination of whether or not any Restricted Stock Units have vested).  All actions taken and all interpretations and determinations made by the Administrator in good faith will be final and binding upon Participant, the Company and all other interested persons.  No member of the Administrator will be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or this RSU Award.
14.Electronic Delivery and Language.  The Company may, in its sole discretion, decide to deliver any documents related to this Award, any future restricted stock units or other 
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equity awards granted by the Company, whether under the Plan or otherwise, or any other Company securities by electronic means or request Participant’s consent to participate in the Plan by electronic means.  Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through any on-line or electronic system established and maintained by the Company or another third party designated by the Company.  If Participant has received this RSU Award, including appendices, or any other document related to the Plan translated into a language other than English, and the meaning of the translated version is different than the English version, the English version will control.
15.Captions.  Captions provided herein are for convenience only and are not to serve as a basis for interpretation or construction of this RSU Award.
16.Severability.  In the event that any provision in this RSU Award will be held invalid or unenforceable, such provision will be severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining provisions of this RSU Award.
17.Modifications to the RSU Award and the Plan.
(a)    This RSU Award and the Plan constitute the entire understanding of the parties on the subjects covered.  Participant expressly warrants that he or she is not accepting this Award in reliance on any promises, representations, or inducements other than those contained herein.
(b)    In the event of a Change in Capitalization (as defined in Section 3.2 of the Plan), the Administrator shall make equitable adjustments to this Award as provided in Section 3.2 of the Plan.  Except as provided in the preceding sentence, modifications to this Award can be made only in an express written contract executed by a duly authorized officer of the Company.
(c)    The Administrator expressly reserves the right to terminate this RSU Award prior to the Settlement Date, in which case the number of Restricted Stock Units and related dividend equivalent units shall be calculated as if the Settlement Date was the trading day immediately prior to the date of such termination (without proration to reflect the shortened vesting period), and shall be settled immediately; provided, however, that if immediate settlement is not permitted under Section 409A of the Code, such Restricted Stock Units and related dividend equivalent units shall be converted to cash based on the Fair Market Value of a Share of Common Stock on the date of termination of the Award and such amount shall be paid to Participant at the earliest date permitted under Section 409A of the Code.
(d)    Notwithstanding anything to the contrary in the Plan or this RSU Award, the Company reserves the right to revise this RSU Award as it deems necessary or advisable, in its sole discretion and without the consent of Participant, to comply with Section 409A of the Code or to otherwise avoid imposition of any additional tax or income recognition under Section 409A of the Code in connection with this RSU Award.
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(e)    Participant understands that the Plan is discretionary in nature and may be amended, suspended or terminated by the Company at any time, subject to the terms of the Plan.
18.Data Privacy.  Participant hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of Participant’s Personal Data (as described below) by and among, as applicable, the Company, any of its Affiliates, and third parties as may be selected by the Company, for the exclusive purpose of implementing, administering and managing Participant’s participation in the Plan.  Participant understands that refusal or withdrawal of consent will affect Participant’s ability to participate in the Plan; without providing consent, Participant will not be able to participate in the Plan or realize benefits (if any) from this Award. 
Participant understands that the Company and its Affiliates and any designated third parties may hold certain personal information about Participant, including, but not limited to, Participant’s name, home address and telephone number, date of birth, social insurance number or other identification number, compensation, nationality, job title, any shares of stock or directorships held in the Company or any Affiliate, details of all Restricted Stock Units, Shares, or any other entitlement to Shares awarded, canceled, exercised, vested, unvested or outstanding in Participant’s favor, for the exclusive purpose of implementing, administering and managing the Plan (“Personal Data”).  Participant understands that Personal Data may be transferred to any Affiliates or third parties assisting in the implementation, administration and management of the Plan, that these recipients may be located in the United States, Participant’s country (if different than the United States), or elsewhere, and that the recipient’s country may have different data privacy laws and protections than Participant’s country.  In particular, the Company may transfer Personal Data to the broker or stock plan administrator assisting with the Plan, to its legal counsel and tax/accounting advisor, and to the Subsidiary or Affiliate and its payroll provider.

Participant should also refer to the Zoetis Privacy Policy (which is available to Participant separately and may be updated from time to time) for more information regarding the collection, use, storage, and transfer of Participant’s Personal Data.  
19.Foreign Exchange Fluctuations and Restrictions.  Participant understands and agrees that the future value of the underlying Shares is unknown and cannot be predicted with certainty and may decrease.  Participant also understands that neither the Company, nor any Affiliate is responsible for any foreign exchange fluctuation between local currency and the United States Dollar or the selection by the Company or any Affiliate in its sole discretion of an applicable foreign currency exchange rate that may affect the value of the Restricted Stock Units or Shares received (or the calculation of income or Tax-Related Items thereunder).  Participant understands and agrees that any cross-border remittance made to transfer proceeds received upon the sale of Shares must be made through a locally authorized financial institution or registered foreign exchange agency and may require the Participant to provide such entity with certain information regarding the transaction.
20.Governing Law.  This RSU Award will be governed by the laws of the State of Delaware, without giving effect to the conflict of law principles thereof.  For purposes of litigating any dispute that arises under this RSU Award or the Plan, the parties hereby submit to 
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and consent to the jurisdiction of the State of New Jersey and agree that such litigation will be conducted in the state courts of Morris County, New Jersey, or the federal courts of the United States for the District of New Jersey, and no other courts.
21.Acceptance of Award.  By Participant’s acceptance of this RSU Award, Participant and the Company agree that this Award of Restricted Stock Units is granted under and governed by the terms and conditions of this RSU Award (including any Country-Specific Addendum hereto) and the Plan, and any ancillary documents, all of which are being delivered simultaneously with, and made a part of, this RSU Award.  In addition, Participant acknowledges and agrees that Participant has reviewed the Plan and this RSU Award in their entirety, has had an opportunity to obtain the advice of counsel prior to accepting this RSU Award and fully understands all provisions of the Plan and this RSU Award.  Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions relating to the Plan and this RSU Award.  Participant further agrees to notify the Company upon any change in Participant’s residence address.

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Exhibit 10(a)

FIRST AMENDED AND RESTATED ENTERGY CORPORATION
NON-EMPLOYEE DIRECTOR CASH DEFERRAL PLAN
This First Amended and Restated Non-Employee Director Cash Deferral Plan (the “ Amended CDP”) effective as of July 29, 2022 (the “Effective Date”) hereby amends and restates the Entergy Corporation Non-Employee Director Cas Deferral Plan  established by Entergy Corporation (the “Company”) pursuant to the terms of the Entergy Corporation 2019 Omnibus Incentive Plan (the “2019 OIP”); the terms of which are incorporated into this Amended CDP.  References in this Amended CDP to any specific 2019 OIP provision do not limit the applicability of any other 2019 OIP provision.  This Amended CDP shall subject to its terms apply to deferrals of cash fees payable in respect of the period after the Effective Date.  Capitalized terms used in this Amended CDP that are not otherwise defined shall have the meanings assigned to them in the 2019 OIP.
1.Eligibility.  The only persons eligible to participate in the Amended CDP are members of the Board of Directors of the Company (the “Board”) who are not employees of a System Company (each, a “Non-Employee Director”).
2.Participation. 
(a)Time of Election.  Before the beginning of a calendar year, each eligible Non-Employee Director may elect to participate in the Amended CDP by directing that all or any part of their cash compensation (including fees payable for services as chair, lead director, or similar position, Board committee chair or a member of a committee of the Board) which otherwise would have been earned currently for services rendered as a Non-Employee Director (“Compensation”) during such calendar year shall be credited to a deferred notional compensation account (such account severally with respect to each calendar year, the “Account).  Any such election shall be irrevocable as of the last day of the calendar year preceding the year for which it is made.  Any person who shall become a Non-Employee Director during any calendar year, and who was not a Non-Employee Director of the Company before the beginning of such calendar year, may elect, within 30 days after the Non-Employee Director’s term begins, to defer payment of all or any part of their Compensation earned during the remainder of such calendar year from and after the date of such election.  Equity awards granted to the Non-Employee Directors may not be deferred pursuant to the terms of this Amended CDP. 
(b)Form and Duration of Election.  An election to participate in the Amended CDP shall be made by written notice filed with the Board as provided in Section 2(a) hereof.  Such election shall specify the amount (all or a portion) of the Non-Employee Director’s Compensation to be deferred and the form of its distribution in accordance with Section 4 hereof.  An election made with respect to a calendar year shall continue in effect for later calendar years unless and until the Non-Employee Director changes or terminates the election by written notice timely filed with the Board.  Any such change or termination shall become effective with respect to Compensation earned from and after the first day of the calendar year following the calendar year in which such notice is given.
(c)Renewal.  A Non-Employee Director who has terminated his election to participate may thereafter file another election to participate for the calendar year 

subsequent to the filing of such election in accordance with the requirements of Section 2(a) hereof.
3.The Non-Employee Director’s Account.  
(a)As of the date the Non-Employee Director’s Compensation would otherwise be payable, the Non-Employee Director’s Account will be credited with a notional amount equal to the amount of such Compensation which the Non-Employee Director elected to defer.
(b)A Non-Employee Director may from time to time direct the investment of the Non-Employee Director’s Account in one or more hypothetical investment alternatives made available by the Board from time to time, and, except as otherwise provided in Section 3(c), earnings or losses thereon shall be credited to the Non-Employee Director’s Account in accordance with the valuation procedures under such investment alternatives.  The Non-Employee Director shall make his or her investment elections, and changes thereto, in accordance with procedures established by the Board.  Unless the Board determines otherwise, the investment alternatives available under the Amended CDP (and corresponding valuation procedures) shall, to the extent administratively practicable, mirror the alternatives that are made available from time to time under the Savings Plan of Entergy Corporation and Subsidiaries (or any successor thereto), but in all events including an investment alternative denominated in shares of Common Stock and excluding any investment window alternative.  The provisions of Section 5 of the 2019 OIP (Equitable Adjustments) shall apply in respect of deemed Common Stock investments under this Amended CDP.
(c)If the Company declares a cash dividend in respect of holders of Common Stock, each Non-Employee Director’s Account, to the extent deemed invested in Common Stock, shall be credited on the dividend payment date with a dividend equivalent equal in value to the per-share cash dividend paid to a holder of record multiplied by the number of shares of Common Stock then deemed credited to the Non-Employee Director’s Account, and such dividend equivalent shall then be deemed immediately invested in a number of shares of Common Stock equal to the quotient of such dividend equivalent amount divided by the Fair Market Value of a share of Common Stock on the dividend payment date.
4.Distribution from Accounts.  
(a)Lump Sum Distribution.  Unless a Non-Employee Director elects to receive the distribution of the value of the Non-Employee Director’s Account in accordance with the provisions of Section 4(b), upon the Non-Employee Director’s separation from service with the Board (within the meaning of Section 409A of the Code, a “Separation”), the Company shall pay to the Non-Employee Director (or, upon a Separation by reason of death, to the Non-Employee Director’s designated beneficiary on file with the Company’s Secretary or estate if none) the value of the Non-Employee Director’s Account in a lump sum in cash as soon as administratively practicable following the Non-Employee Director's Separation.
(b)Installment Distribution.  A Non-Employee Director may elect to receive distribution of the value of the Non-Employee Director’s Account in annual installments.  If such an election is made, commencing on the first day of the month next following the Non-Employee Director’s Separation, and thereafter for the four consecutive anniversary dates of such date (each an “Annual Installment Date”), the Non-Employee Director shall receive an annual installment payment as follows:
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i)Timing.  Each annual installment shall be paid in cash within thirty (30) days after the applicable Annual Installment Date.
ii)Each annual installment represents a proportionate share of the remaining accumulated value in the Non-Employee Director’s Account based on the number of remaining annual installments to be paid.  Accordingly, at Separation, the first annual installment shall equal one-fifth of the aggregate value of the Account at the first Annual Installment Date.  The second annual installment shall equal one-fourth of the aggregate value of the remaining Account at the second Annual Installment Date.  The third annual installment shall equal one-third of the aggregate value of the remaining Account at the third Annual Installment Date.  The fourth annual installment shall equal one-half of the aggregate value of the remaining Account at the fourth Annual Installment Date, and the fifth and final annual installment shall equal the remaining value of the Account at the fifth Annual Installment Date.  Notwithstanding the foregoing, if a Non-Employee Director dies after Separation, but before all five annual installments have been paid, then the Non-Employee Director’s remaining unpaid accumulated value in the Non-Employee Director’s Account shall be distributed in a lump sum in cash to his or her designated beneficiary on file with the Company’s Secretary or estate if none, as soon as administratively practicable following notice to the Company’s Secretary of the Non-Employee Director’s death.  
5.Miscellaneous.
(a)The right of a Non-Employee Director to receive any amount in the Non-Employee Director’s Account shall not be transferable or assignable by the Non-Employee Director other than by will or the laws of descent and distribution, and no part of such amount shall be subject to attachment or other legal process.
(b)The Amended CDP is intended to constitute an “unfunded” plan for incentive compensation.  The Company shall not be required to reserve or otherwise set aside funds for the payment of its obligations hereunder.  The establishment and maintenance of, or allocation and credits to, a Non-Employee Director’s Account shall not vest in the Non-Employee Director or his beneficiary any right, title or interest in and to any specific assets of the Company.  The rights of a Non-Employee Director to receive payments under this Amended CDP shall be no greater than the right of an unsecured general creditor of the Company.
(c)The Amended CDP shall be administered by the Board.  The Board shall have the full discretion and power to interpret provisions of the Amended CDP, to prescribe, amend and rescind rules and regulations relating to the Amended CDP, to compute amounts to be credited to and distributed from Non-Employee Directors’ Accounts, and to make all other determinations it deems necessary or advisable to administer the Amended CDP, with all such determinations being final and binding.  The Board may delegate its rights and obligations hereunder as the Board shall determine.
(d)The Board may at any time terminate the Amended CDP or amend the Amended CDP in any manner it deems advisable and in the best interests of the Company; provided, however, that (i) no amendment or termination shall impair the rights of a Non-Employee Director with respect to amounts then credited to the Non-Employee Director’s Account, and (ii) no amendment or termination shall accelerate or defer any payments or distributions that would have been made under the Amended CDP if it had not been amended or terminated, except to the extent that such acceleration or deferral could be made without subjecting the Non-Employee Directors to additional taxes under Section 409A of the Code.
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(e)The Amended CDP shall be governed by, and construed in accordance with, the laws of the State of Delaware, without giving effect to principles of conflicts of law of such state.
(f)The Amended CDP and the payments and benefits under the Amended CDP are intended to be exempt from or, to the extent subject thereto, to comply with Section 409A of the Code, and, accordingly, to the maximum extent permitted, the Amended CDP shall be interpreted in accordance therewith.  Notwithstanding anything contained herein to the contrary, to the extent required in order to avoid accelerated taxation and/or tax penalties under Section 409A of the Code, a Non-Employee Director shall not be considered for purposes of the Amended CDP to have terminated service on the Board, and no payment shall be due to a Non-Employee Director under the Amended CDP, until the Non-Employee Director would be considered to have incurred a Separation from the Company and its affiliates within the meaning of Section 409A of the Code.
(g)If any provision of the Amended CDP is held to be invalid or unenforceable, the other provisions of the Amended CDP shall not be affected but shall be applied as if the invalid or unenforceable provision had not been included in the Amended CDP.
(h)The obligations of the Company under the Amended CDP shall be binding upon any successor corporation or organization resulting from the merger, consolidation or other reorganization of the Company, or upon any successor corporation or organization succeeding to substantially all of the assets and business of the Company.
(i)The titles and headings of the sections in the Amended CDP are for convenience of reference only and do not form part of the Amended CDP.
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