Document:

ETR-12.31.2013-10Kex - 10(a)105

 R                                                                                    Confidential
Exhibit 10(a)105
Date:        March ___, 2014

To:        Name

		
	From:
	Jennifer Raeder

		
	Subject:
	2014 Restricted Share Agreement (“Agreement”) – Under the 2011 Equity Ownership and Long Term Cash Incentive Plan of Entergy Corporation and Subsidiaries (Effective for Grants and Elections On or After May 6, 2011)

I am pleased to inform you on behalf of Entergy Corporation (the “Company”) that the Personnel Committee of the Entergy Corporation Board of Directors (“Committee”) has agreed to grant you, pursuant to the 2011 Equity Ownership and Long Term Cash Incentive Plan of Entergy Corporation and Subsidiaries (Effective for Grants and Elections On or After May 6, 2011), (the "Plan"), xxxx Restricted Shares of Entergy Corporation Common Stock (the "Restricted Shares"), subject to the following terms and conditions and to the provisions of the Plan, the terms of which are incorporated herein by reference.

1.         Effective Date of Restricted Shares Grant.  This Restricted Shares grant by the Company is effective January 30, 2014 (“Grant Date”), unless you file a written objection in accordance with Section 10 below.

2.         Restricted Period.  
 
(a)        Except as otherwise provided in Subsection 2(b) to the contrary, the following vesting provisions shall apply during the thirty-six (36)-month Restricted Period:
 
(i)         Restrictions shall lift on one-third (1/3rd) of the total Restricted Shares on each of the first three (3) twelve-month anniversaries of the Grant Date, provided you (A) remain a continuous full-time regular employee of a System Company at System Management Level 1 through 6 on that anniversary date or (B) later become and then remain a continuous part-time regular System Company employee participating in the Company’s Phased Retirement Program on that anniversary date.
 
(ii)        Unless solely attributable to your becoming a participant in the Company’s Phased Retirement Program, upon your termination of continuous full-time regular employment to become a part-time employee or upon your demotion to a position below System Management Level 1 through 6, all Restricted Shares on which restrictions have not already lifted in accordance with Subsection 2(a)(i) at such time shall be forfeited immediately to the Company.
 
(iii)       Upon your retirement or termination from System Company employment for any reason (with or without Cause), all Restricted Shares on which restrictions have not already lifted in accordance with Subsection 2(a)(i) at such time shall be forfeited immediately to the Company
 
(b)        Notwithstanding the foregoing provisions of Subsection 2(a) to the contrary, the following provisions shall govern to the extent applicable:  
 

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(i)         If you die or become Totally Disabled while actively employed as an eligible System Company employee in accordance with the requirements set forth in Subsection 2(a)(i), then restrictions immediately shall lift on a pro-rated portion of the unvested Restricted Shares that were otherwise scheduled to become vested on the immediately following twelve (12)-month Grant Date anniversary date (as well as dividends declared on the pro-rated portion of such Restricted Shares), which pro-rated vested portion shall be determined by a fraction, the numerator of which shall be the number of days between the later of the Grant Date or your most recent preceding twelve (12)-month Grant Date anniversary date, if applicable, and the date of your death or the date as of which you are determined to be Totally Disabled, and the denominator of which shall be 365 days. 
 
(ii)          Unless solely attributable to your becoming a participant in the Company’s Phased Retirement Program, if you are demoted to a position below System Management Level 1 through 6 and you thereafter remain a regular, full-time System Company employee until the immediately following twelve (12)-month Grant Date anniversary date, then you shall remain eligible to vest in a pro-rated portion of the unvested Restricted Shares that were otherwise scheduled to become vested on such immediately following twelve (12)-month Grant Date anniversary date (as well as dividends declared on the pro-rated portion of such Restricted Shares), which pro-rated vested portion shall be determined by a fraction, the numerator of which shall be the number of days between the later of the Grant Date or your most recent preceding twelve (12)-month Grant Date anniversary date, if applicable, and the date of your demotion, and the denominator of which shall be 365 days. 
 
(iii)           If within twenty-four (24) months following the effective date of a Change in Control, your System Company employment is terminated by a System Company without Cause or by you for Good Reason (such that you are no longer employed by any System Company), all restrictions imposed hereunder on the Restricted Shares shall lift effective as of the date your System Company employment is terminated;
 
(iv)         Except as provided below for an employee on an extended leave of absence bridge to retirement under an approved severance program under the Entergy System Severance Pay Plan No. 537 or the Entergy System Severance Pay Plan for Officers and Directors (ML 1-5) Plan No. 538,  if you are on a leave of absence (whether paid or unpaid) approved by your System Company employer for reasons other than Total Disability, you will be treated, solely for purposes of the Plan and this Agreement, as continuing to satisfy the requirements of Subsection 2(a)(i) while on such approved leave of absence. If your System Company employment terminates during such approved leave of absence, the remaining provisions of this Section 2 shall apply as if you were actively employed by your System Company employer immediately prior to such termination event.  Employees on an extended leave of absence bridge to retirement under an approved severance program under the Entergy System Severance Plan Pay No. 537 or the Entergy System Severance Pay Plan for Officers and Directors (ML 1-5) Plan No. 538, shall not be considered under the Plan or this Agreement as full-time employees or part-time System Company employees under the Company’s Phased Retirement Program during the extended leave of absence bridge period, and their System Company employment shall be considered terminated for purposes of vesting in Awards under the Plan and this Agreement as of the commencement of their extended leave of absence bridge period.  
3.         Share Issuance.  During the Restricted Period, the Restricted Shares shall be held in an account with Computershare, as custodian, in book entry form and with the restrictions noted.  You can track your Restricted Shares account: by contacting Computershare Shareowner Services at 1 (877) ETR-6299, or via the Internet address https://www.cpushareownerservices.com/cpuportal/index.jsp. 
 
4.         Lifting of Restrictions.  Upon the satisfaction of all requirements for restrictions to lift on all or a portion of the Restricted Shares, the restrictions on such Restricted Shares shall lapse and such vested shares of Common Stock (including any dividends on the vested Restricted Shares that were reinvested in Common Stock) shall be credited by Wells Fargo to a separate book entry account in your name, and such vested shares shall be free of all restrictions except any that may be imposed by law.  Upon the crediting of 

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vested Restricted Shares to a book entry account, participants may treat the Common Stock in the same manner as all other Common Stock owned by the participant.  All System Management Level 1-4 Participants are considered Restricted Employees under Entergy’s Insider Trading Policy and, as such, may trade in Entergy Corporation securities only during an open window period (and only if not in possession of material, non-public information).   Currently, window periods begin on the second business day after the quarterly earnings release and run through the last business day of the second month of the current quarter.  In addition, the Insider Trading Policy requires that you pre-clear all transactions involving Entergy securities with Entergy Corporation’s Office of the General Counsel.  The customer service number for Wells Fargo Shareholder Services is 1-855-854-1360. 

5.        Common Stock Ownership Guidelines.  If you are a System Management Level 1-4 Participant, you must maintain the applicable Target Stock Ownership Level in the chart below, which is expressed as a multiple of your base salary and depends on your System Management Level.
 
	
		
	System Management Level
	Common Stock
Ownership 
Target Levels

	ML1
	6 times base salary

	ML2
	3 times base salary

	ML3
	2 times base salary

	ML4
	1 times base salary

             
These ownership multiples may be satisfied through any shares of Common Stock held by the System Management Level 1-4 Participant, including unvested Restricted Shares, shares held in tax-qualified 401(k) plans, etc.  Until you achieve your multiple of base salary ownership position, upon restrictions lifting on your Restricted Shares, you must continue to retain the book entry shares until the earlier of (a) achieving and maintaining your multiple of base salary ownership threshold, or (b) your termination of full-time employment within the Entergy System.  Once you have achieved and maintain your multiple of base salary ownership threshold, you are no longer bound to hold the Restricted Shares converted to book entry shares upon restrictions lifting.  However, you are still subject to the trading restrictions and pre-clearance requirements in transacting in these shares described in Section 4 of this Agreement.
 
6.       Withholding Taxes.  Your System Company employer shall have the right to require you to remit to it, or to withhold from other amounts payable to you, an amount sufficient to satisfy all federal, state and local tax withholding requirements.  The Company may use the “net shares method” to satisfy any tax withholding obligation, which means the Company may reduce the number of vested Restricted Shares otherwise payable to you by the number of vested Restricted Shares necessary to cover such obligation. 
 
7.         No Fractional Shares.    Any fractional shares to be distributed shall be settled in cash and applied to satisfy tax withholding requirements.  The company will not payout any fractional shares. 
 
8.         Shareholder Rights.  Subject to the terms and conditions set forth herein, as the Grantee of the Restricted Shares, you shall have all rights as a Company shareholder, including, but not limited to, voting rights, the right to receive vested dividends and the right to participate in any capital adjustment applicable to all holders of Common Stock.  Notwithstanding the preceding sentence, any and all dividends paid with respect to the Restricted Shares shall be subject to the same restrictions on transfer and risks of forfeiture as applicable to the underlying Restricted Shares and shall also be subject to any other provisions or reinvestment requirements (including, without limitation, the reinvestment of dividends in the form of Common Stock) as the Committee may, in its discretion, determine.  You shall have the same rights 

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and privileges, and be subject to the same restrictions, with respect to any additional shares received pursuant to Plan Section 3.2 (Adjustments Upon Change in Capital Structure).
 
9.         No Code Section 83(b) Election. This Award of Restricted Shares is conditioned upon you refraining from making an election with respect to the Award under Internal Revenue Code Section 83(b).
 
10.       Objection to Restricted Shares Grant.  If for any reason you do not wish to receive this Restricted Shares grant, you must file a written objection with HR Employee Services on or before April 15, 2014.  If you do not file a written objection with HR Employee Services by such date, you shall be deemed to have accepted this Restricted Shares grant, effective January 30, 2014, subject to all of the terms and conditions set forth in this Agreement. 
 
11.        Restricted Shares Nontransferable.  None of the Restricted Shares shall be sold, exchanged, pledged, transferred, assigned, or otherwise encumbered, hypothecated or disposed of by you (or your designated Beneficiary) other than by (a) will or laws of descent and distribution or (b) a qualified domestic relations order (as defined by the Internal Revenue Code). 
 
12.      Entergy Policies. 
 
(a)  Hedging Policy.  Pursuant to the Entergy Corporation Policy Relating to Hedging, as adopted by the Company’s Board of Directors at its meeting held on December 3, 2010, officers, directors and employees are prohibited from entering into hedging or monetization transactions involving Common Stock so they continue to own Common Stock with the full risks and rewards of ownership, thereby ensuring continued alignment of their objectives with the Company’s other shareholders.  Participation in any hedging transaction with respect to Common Stock (including Restricted Shares) is prohibited.

(b)  Recoupment Policy.  Pursuant to the Entergy Corporation Policy Relating to Recoupment of Certain Compensation, as adopted by the Company’s Board of Directors at its meeting held on December 3, 2010, the Company is allowed to seek reimbursement of certain incentive compensation (including Restricted Shares) from “executive officers” for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, if the Company is required to restate its financial statements due to material noncompliance with any financial reporting requirement under the federal securities laws (other than corrections resulting from changes to accounting standards) or if there is a material miscalculation of a performance measure relative to incentive compensation, regardless of the requirement to restate the financial statements; or if the Board of Directors determines that an executive officer engaged in fraud resulting in either a restatement of the Company’s financial statements or a material miscalculation of a performance measure relative to incentive compensation whether or not the financial statements were restated.  
 
13.        Governing Law.  This Agreement shall be governed by and construed according to the laws of the State of Delaware without regard to its principles of conflict of laws.
 
14.        Incorporation of Plan.  The Plan is hereby incorporated by reference and made a part hereof, and the Restricted Shares and this Agreement shall be subject to all terms and conditions of the Plan.  Any capitalized term which is not defined in this Agreement shall have the meaning set forth in the Plan. If any terms of this Agreement are inconsistent with the terms of the Plan, the terms of the Plan shall govern.
 
15.        Amendments.  This Agreement may be amended or modified at any time only by an instrument in writing signed by the parties hereto.  The Plan may be amended, modified or terminated only in accordance with its terms.
 

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16.        Agreement Not a Contract of Employment.  Neither the Plan, the granting of the Restricted Shares, this Agreement nor any other action taken pursuant to the Plan shall constitute or be evidence of any agreement or understanding, express or implied, that you have a right to continue as an employee of any System Company for any period of time or at any specific rate of compensation.
 
17.        Authority of the Committee.  The Committee shall have full authority to interpret and construe the terms of the Plan and this Agreement.  The determination of the Committee as to any such matter of interpretation or construction shall be final, binding and conclusive.

/s/ Jennifer Raeder

5ETR-12.31.2013-10Kex - 10(a)109

Exhibit 10(a)109

2011 EQUITY OWNERSHIP AND LONG TERM CASH INCENTIVE
PLAN OF ENTERGY CORPORATION AND SUBSIDIARIES

RESTRICTED UNITS AGREEMENT

THIS RESTRICTED UNITS AGREEMENT, by and between Entergy Corporation (“Company”) and Jeffrey S. Forbes (“Grantee”), is effective on January 2, 2013 (the “Effective Date”), as approved by the Personnel Committee of the Board of Directors of Entergy Corporation.  For purposes of this Restricted Units Agreement (the “Agreement”), Company shall include any successor to its business and/or assets which assumes and agrees to perform this Agreement by operation of law or otherwise.
1.    Grant of Restricted Units.   Company hereby grants to Grantee, pursuant to the 2011 Equity Ownership and Long Term Cash Incentive Plan of Entergy Corporation and Subsidiaries (the “Equity Plan”), Eight Thousand (8,000) Restricted Share Units (the “Restricted Units”), subject to the terms and conditions of the Equity Plan and this Agreement. 
2.    Vesting of Restricted Units.  The Restricted Units shall vest on January 2, 2016 (the “Vesting Date”) provided that Grantee remains continuously employed through the Vesting Date as a full-time employee of Employer (as defined in Section 16 below) and performs Grantee’s job duties in a satisfactory manner through such Vesting Date, as determined solely in the discretion of the Company’s Executive Vice President & Chief Operating Officer (“Vesting Criteria”).  For purposes of this Section 2, Grantee shall no longer be considered a full-time employee of a System Company on the date of Grantee’s death, separation from employment because of Disability, retirement, or any other separation from employment with Employer.  If Grantee fails to meet the Vesting Criteria set forth in this Section 2, then Grantee shall not vest in the Restricted Units, except as otherwise provided in Section 4 of this Agreement. 
3.    Scheduled Payment of Restricted Units.  If Grantee meets the Vesting Criteria, then as soon as reasonably practicable after the Vesting Date, but in no event later than the date that is 2 1⁄2 months following the end of the Employer’s taxable year in which such Restricted Units are no longer subject to a substantial risk of forfeiture, Grantee’s Employer shall pay to Grantee, or Grantee’s beneficiary or estate (i.e., if Grantee should die after the Vesting Date, but prior to the payment date), as the case may be, a cash amount equal to the Fair Market Value of a share of Common Stock on the Vesting Date, multiplied by the number of Restricted Units, less all federal and state deductions, tax withholdings, and other withholdings and offsets that may apply or be required to be withheld in connection with such payment.  Such payment shall be made in accordance with the short-term deferral exception under Code Section 409A and final regulations issued thereunder, as may be amended after the Effective Date.
4.    Accelerated Vesting.  Notwithstanding the Vesting Criteria set forth in Section 2 to the contrary, the vesting of all or a portion of Grantee’s Restricted Units shall accelerate in the following circumstances: 
		
	4.1
	Employer terminates Grantee’s System Company employment for a reason other than Cause (as defined in Section 16 of this Agreement), Disability or death, and Grantee has otherwise satisfied the Vesting Criteria set forth in Section 2 through the date of such termination, then Grantee shall fully vest in all Restricted Units on such termination date, unless Grantee becomes employed by an employer that assumes this Agreement or the obligations to Grantee hereunder.

		
	4.2
	Further, in accordance with the terms and conditions of the Equity Plan, if within twenty-four (24) months following the effective date of a Change in Control, Grantee’s System Company employment is terminated by a System Company without Cause (as defined in the Equity Plan) or by Grantee with Good Reason (such that Grantee is no longer employed by any System Company), then Grantee shall fully vest in all Restricted Units as of the date Grantee’s System Company employment is terminated, unless Grantee becomes employed by an employer that assumes this Agreement or the obligations to Grantee hereunder, 

In the event of accelerated vesting as described in this Section 4, Employer shall pay Grantee a lump sum cash payment equal to the Fair Market Value of such vested Restricted Units as of the earlier of the Vesting Date or separation from service, less all applicable income, employment and other tax amounts required to be withheld in connection with such payment, as soon as reasonably practicable following such accelerated vesting date, but in no event later than March 15th following the end of the calendar year in which such Restricted Units are no longer subject to a “substantial risk of forfeiture” (within the meaning of Code Section 409A).  It is intended that the timing of such payments shall be in accordance with the short-term deferral exception of Code Section 409A and accompanying final regulations.  In no event shall Grantee be entitled to accelerated vesting and payment of Restricted Units under more than one of the events described in Section 4 above.  If vesting and payment of the Restricted Units is accelerated in accordance with the event described in 4.1 above, then the value of any such Restricted Units shall reduce dollar-by-dollar the amount of any cash severance payment otherwise payable to Grantee under the terms and conditions of any Company-sponsored severance plan or severance arrangement. 
5.    Termination and Forfeiture of Restricted Units.  Except as otherwise provided herein, the Restricted Units shall terminate on the date on which Grantee’s full-time System company employment terminates.  Further, except as otherwise provided in Section 4 of this Agreement, if Grantee fails to meet a condition of the Restricted Units Vesting Criteria set forth in Section 2 at any time prior to the Vesting Date, then Grantee shall not vest in the Restricted Units and shall forfeit any portion of the Restricted Units not yet paid.
6.    Compliance with Code Section 409A Limitations.  Notwithstanding any provision to the contrary, all provisions of this Agreement shall be construed and interpreted to comply with Code Section 409A and if necessary, any provision shall be held null and void to the extent such provision (or part thereof) fails to comply with Code Section 409A or final regulations thereunder.  Specifically, the terms “termination” and “termination of employment” shall be applied in a manner consistent with the definition of “separation from service” within the meaning of Code Section 409A.  A right of the Company, if any, to offset or otherwise reduce any sums that may be due or become payable by the Company to Grantee by any overpayment or indebtedness of the Grantee shall be subject to limitations imposed by Code Section 409A.  For purposes of the limitations on nonqualified deferred compensation under Code Section 409A, each payment of compensation under this Agreement shall be treated as a separate payment of compensation for purposes of applying the Section 409A deferral election rules and the exclusion from Section 409A for certain short-term deferral amounts.  Amounts payable under this Agreement shall be excludible from the requirements of Code Section 409A, to the maximum possible extent, either as (i) short-term deferral amounts (e.g., amounts payable prior to March 15 of the calendar year following the calendar year of substantial vesting), or (ii) under the exclusion for involuntary separation pay provided in Treasury Regulations Section 1.409A-1(b)(9)(iii).  To the extent that deferred compensation subject to the requirements of Code Section 409A becomes payable under this Agreement to Grantee at a time when Grantee is a “specified employee” (within the meaning of Code Section 409A), any such payments shall be delayed by six months to the extent necessary to comply with the requirements of Code Section 409A(a)(2)(B). 
7.    Restricted Units Nontransferable.  Restricted Units awarded pursuant to this Agreement may not be sold, exchanged, pledged, transferred, assigned, or otherwise encumbered, hypothecated or disposed of by 

Grantee (or any beneficiary) other than by will or laws of descent and distribution or otherwise as the Equity Plan may allow. 
8.    Governing Law.  This Agreement shall be governed by and construed according to the laws of the State of Delaware without regard to its principles of conflict of laws. 
9.    Incorporation of Equity Plan.  The Equity Plan is hereby incorporated by reference and made a part hereof and the Restricted Units and this Agreement shall be subject to all terms and conditions of the Equity Plan, a copy of which has been provided or otherwise made accessible to the Grantee.  Any capitalized term that is not defined in this Agreement shall have the meaning set forth in the Equity Plan. 
10.    Amendments.  The Equity Plan may be amended, modified or terminated only in accordance with its terms.  No provision of this Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to in writing and signed by Grantee and such officer as may he specifically designated by the Committee.  No waiver by either party hereto at any time of any breach by the other party hereto of, or of any lack of compliance with, any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time.
11.    Rights as a Shareholder.  Neither the Grantee nor any of Grantee’s successors in interest shall have any rights as a stockholder of the Company with respect to any Restricted Units, including without limitation the right to any dividends or dividend equivalents.
12.    Agreement Not a Contract of Employment.  Neither the Equity Plan, the granting of the Restricted Units, this Agreement nor any other action taken pursuant to the Equity Plan shall constitute or be evidence of any agreement or understanding, express or implied, that the Grantee has a right to continue as an employee of any System Company for any period of time or at any specific rate of compensation. 
13.    Notices.  For the purpose of this Agreement, notices and all other communications provided for in the Agreement shall be in writing and shall be deemed to have been duly given when hand-delivered or mailed by United States registered mail, return receipt requested, postage prepaid. if to the Grantee, to his last known address as shown in the personnel records of Employer, and if to Employer, to the following address shown below or thereafter to such other address as either party may have furnished to the other in writing in accordance herewith, except that notice of change of address shall be effective only upon actual receipt: 
If to Employer:  
Entergy Services, Inc.
Attention:  General Counsel
639 Loyola Avenue, 26th floor
New Orleans, LA  70113-3125

14.    Validity.  The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. 
15.    Counterparts.  This Agreement may be executed in several counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same instrument. 
16.    Definitions.  For purposes of this Agreement, the following terms shall have the meanings indicated unless otherwise specified:

		
	16.1
	“Cause” shall mean:

		
	(a)
	the willful and continuing failure by Grantee to substantially perform Grantee’s duties; or

		
	(b)
	the engaging by Grantee in conduct which is demonstrably and materially injurious to any System Company, monetarily or otherwise; or

		
	(c)
	conviction of, or entrance of a plea of guilty or nolo contendere to, a felony or other crime which has or may have a material adverse effect on Grantee’s ability to carry out Grantee’s duties or upon the reputation of any System Company; or

		
	(d)
	a material violation by Grantee of any agreement Grantee has with a System Company; or

		
	(e)
	unauthorized disclosure by Grantee of the confidences of any System Company.

		
	16.2
	“Employer” shall mean Entergy Services, Inc. or any successor System Company employer of Grantee or any successor to any such System Company employer’s business and/or assets which assumes and agrees to perform this Agreement by operation of law, or otherwise.

IN WITNESS WHEREOF, the parties have executed and delivered this Agreement which is effective on the day and year first above written.
ENTERGY CORPORATION

By: /s/ E. Renae Conley 
E. Renae Conley
Executive Vice-President,
Human Resources and Administration

The undersigned hereby accepts and agrees to all the terms and provisions of the foregoing Agreement and to all the terms and provisions of the Equity Plan herein incorporated by reference.  The undersigned further acknowledges that the Equity Plan and Equity Plan Prospectus are available to him on the Company’s internal Web page.

/s/ Jeffrey S. Forbes            
Jeffrey S. Forbes, Grantee

This document constitutes part of a prospectus covering Securities that have been registered under the Securities Act of 1933.  The remaining documents constituting the prospectus are available on Entergy Corporation’s intranet under the Compensation icon on the HR Home Page (http://www.prod.entergy.com/admin/hr/dcompen.htm)

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