SEC Contract Filing

Filing Date: 2017-02-24

Document Content:
<DOCUMENT>
<TYPE>EX-10.(A)54
<SEQUENCE>5
<FILENAME>a10kex-10a542016.htm
<DESCRIPTION>EXHIBIT 10.(A)54
<TEXT>
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<div><a name="s58f621fc137d43bab1a1249c86e177e7"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Exhibit 10(a)54</font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">2015 EQUITY OWNERSHIP PLAN OF</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">ENTERGY CORPORATION AND SUBSIDIARIES</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">RESTRICTED STOCK UNITS AGREEMENT (STOCK SETTLED)</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:96px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">THIS RESTRICTED STOCK UNITS AGREEMENT</font><font style="font-family:inherit;font-size:12pt;">&#32;(the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;), by and between Entergy Corporation (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Entergy</font><font style="font-family:inherit;font-size:12pt;">&#8221;) and A. Christopher Bakken III (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Grantee</font><font style="font-family:inherit;font-size:12pt;">&#8221;), is effective on April 6, 2016 (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Effective Date</font><font style="font-family:inherit;font-size:12pt;">&#8221;), as approved by the Personnel Committee of the Entergy Board of Directors, subject to Grantee becoming a regular full-time employee of an Entergy System Company employer (a &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">System Company Employer</font><font style="font-family:inherit;font-size:12pt;">&#8221;) on the Effective Date and being elected Chief Nuclear Officer of Entergy as of the Effective Date. For purposes of this Agreement, Entergy shall include any successor to its business or assets by operation of law or otherwise and any entity that assumes or agrees to perform this Agreement. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:48px;text-align:justify;text-indent:48px;"><font style="text-align:justify;font-family:inherit;font-size:10pt;padding-right:48px;">1.</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Grant of Restricted Stock Units</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">. </font><font style="font-family:inherit;font-size:12pt;">Entergy hereby grants to Grantee, pursuant to the 2015 Equity Ownership Plan of Entergy Corporation and Subsidiaries (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Equity Plan</font><font style="font-family:inherit;font-size:12pt;">&#8221;), thirty thousand (30,000) Restricted Stock Units (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Restricted Units</font><font style="font-family:inherit;font-size:12pt;">&#8221;), for the purposes of retaining Grantee&#8217;s full-time active services as described herein through the Vesting Dates described below, and for Grantee&#8217;s agreement to the terms and conditions of the Equity Plan and this Agreement. </font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:48px;text-align:justify;text-indent:48px;"><font style="text-align:justify;font-family:inherit;font-size:10pt;padding-right:48px;">2.</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Incorporation of Equity Plan</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">. </font><font style="font-family:inherit;font-size:12pt;">&#32;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 Grantee. Any capitalized term that is not defined in this Agreement shall have the meaning set forth in the Equity Plan.</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:48px;text-align:justify;text-indent:48px;"><font style="text-align:justify;font-family:inherit;font-size:10pt;padding-right:48px;">3.</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">Vesting of Restricted Units</font><f