Common use of Common Stock Ownership Guidelines Clause in Contracts

Common Stock Ownership Guidelines. If you are an ML 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 dependent on your ML. System Management Level ML1ML2ML3ML4 Common StockOwnership Target Levels 6 times base salary3 times base salary2 times base salary1 times base salary These ownership multiples may be satisfied through any shares of Common Stock held by the ML 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, and (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 preclearance requirements in transacting in these shares described in Section 4 of this Agreement.

Common Stock Ownership Guidelines. If you are an ML All System Management Level 1-4 Participant, you Participants must maintain the applicable Target Common Stock Ownership Target Level in the chart below, which is expressed as a multiple of your base salary and dependent depends on your MLSystem Management Level. System Management Level ML1ML2ML3ML4 Common StockOwnership Stock Ownership Target Levels ML 1 6 times base salary3 salary ML 2 3 times base salary2 salary ML 3 2 times base salary1 salary ML 4 1 times base salary These ownership multiples may be satisfied through any shares of Common Stock held by the ML System Management Level 1-4 Participant, including unvested those shares earned during this Performance Period, all 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 You must continue to retain the book entry shares issued to you pursuant to this Agreement until the earlier of (a) achieving and maintaining your multiple of base salary ownership threshold, and 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 shares earned during this Performance Period in book entry shares upon restrictions liftingentry. However, you are still subject to the trading restrictions and preclearance pre-clearance requirements in transacting in these shares described in Section 4 Subsection 6(b) of this Agreement.

Common Stock Ownership Guidelines. If you are an All ML 1-4 Participant, you Participants must maintain the applicable Target Common Stock Ownership Target Level in the chart below, which is expressed as a multiple of your base salary and dependent depends on your ML. System Management Level ML1ML2ML3ML4 Common StockOwnership Target Levels ML 1 6 times base salary3 salary ML 2 3 times base salary2 salary ML 3 2 times base salary1 salary ML 4 1 times base salary These ownership multiples may be satisfied through any shares of Common Stock held by the ML 1-4 Participant, including unvested Restricted Sharesthose shares earned during this Performance Period, all 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 You must continue to retain the book entry shares issued to you pursuant to this Agreement until the earlier of (a) achieving and maintaining your multiple of base salary ownership threshold, and or (b) your termination of full-time employment within the Entergy Systemall System Companies. 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 shares earned during this Performance Period in book entry shares upon restrictions liftingentry. However, you are still subject to the trading restrictions and preclearance pre-clearance requirements in transacting in these shares described in Section 4 Subsection 6(b) of this Agreement.

Common Stock Ownership Guidelines. If you are an All ML 1-4 Participant, you Participants must maintain the applicable Target Common Stock Ownership Target Level in the chart below, which is expressed as a multiple of your base salary and dependent depends on your ML. System Management Level ML1ML2ML3ML4 Common StockOwnership Target StockOwnershipTarget Levels 6 times base salary3 times base salary2 times base salary1 times base salary These ownership multiples may be satisfied through any shares of Common Stock held by the ML 1-4 Participant, including unvested Restricted Sharesthose shares earned during this Performance Period, all 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 You must continue to retain the book entry shares issued to you pursuant to this Agreement until the earlier of (a) achieving and maintaining your multiple of base salary ownership threshold, and (b) your termination of full-time employment within the Entergy Systemall System Companies. 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 shares earned during this Performance Period in book entry shares upon restrictions liftingentry. However, you are still subject to the trading restrictions and preclearance pre-clearance requirements in transacting in these shares described in Section 4 Subsection 6(b) of this Agreement.