Common use of Vesting of Restricted Units Clause in Contracts

Vesting of Restricted Units. [Subject to the release requirement described in Section 4 hereof], the Restricted Units (excluding dividend equivalents) shall vest on [the third (3rd) anniversary of the Effective Date] (such date, the “Vesting Date”), provided that Grantee complies with Section 15 of this Agreement and remains continuously and actively employed through the Vesting Date as a regular full-time employee of a System Company Employer and performs Grantee’s job duties in a satisfactory manner through the Vesting Date, as determined solely in the discretion of [APPLICABLE SYSTEM COMPANY OFFICER] (“Vesting Criteria”). For purposes of this Section 3, Grantee shall no longer be considered a regular full-time employee of any System Company Employer on the date Grantee is no longer actively employed on a full-time basis with any System Company Employer for any reason, including without limitation because of Grantee’s resignation, retirement, death, separation from employment due to disability, involuntary termination of employment for any reason or no reason, or any other separation from full-time active employment with Grantee’s System Company Employer, except as otherwise required by law. If Grantee fails to meet the Vesting Criteria, then Grantee shall not vest in the Restricted Units, except as otherwise provided in Section 5 of this Agreement. [Variation from this default vesting schedule and release requirement may be determined by Entergy Corporation’s Chief Executive Officer or the senior-most officer within the Human Resources Department.]

Vesting of Restricted Units. [Subject to the release requirement described in Section 4 hereof]5 of this Agreement, the Restricted Units (excluding dividend equivalents) shall vest in full on [the third (3rd) anniversary of the Effective Date] Date (such date, the “Vesting Date”), provided that Grantee complies with Section 15 of this Agreement and remains continuously and actively employed through the Vesting Date as Executive Vice President and General Counsel of Entergy or other executive officer that is a regular full-time employee member of a System Company Employer the Office of the Chief Executive and performs Grantee’s job duties in a satisfactory manner through the Vesting Date, as determined solely in the discretion of [APPLICABLE SYSTEM COMPANY OFFICER] Entergy’s Chief Executive Officer (“Vesting Criteria”). For purposes of this Section 3, Grantee shall no longer be considered a regular full-time employee of any System Company Employer on the date Grantee is no longer actively employed on a full-time basis with any System Company Employer on the date Grantee is no longer actively employed on a full-time basis with any System Company Employer for any reason, including without limitation because of Grantee’s resignation, retirement, death, separation from employment due to disability, involuntary termination of employment for any reason or no reason, or any other separation from full-time active employment with Grantee’s System Company Employer, except as otherwise required by law. If Grantee fails to meet the Vesting Criteria, then Grantee shall not vest in the Restricted Units, except as otherwise provided in Section 5 4 of this Agreement. [Variation from this default vesting schedule and release requirement may be determined by Entergy Corporation’s Chief Executive Officer or the senior-most officer within the Human Resources Department.]

Vesting of Restricted Units. [Subject to the release requirement described in Section 4 hereof]5 of this Agreement, the Restricted Units (excluding dividend equivalents) shall vest in three equal installments on [the third June 1, 2024, June 1, 2025, and June 1,2026 (3rd) anniversary of the Effective Date] (each such date, the “Vesting Date” and collectively “Vesting Dates”), provided that that, through the Vesting Date, Grantee (i) complies with Section 15 of this Agreement and Agreement, (ii) remains continuously and actively employed through the Vesting Date as Group President, Utility Operations or similar or higher management position and a regular full-time employee of a System Company Employer and Employer, (iii) performs GranteeXxxxxxx’s job duties in a satisfactory manner through manner, and (iv) actively prepares for the Vesting Datesuccessful transition of the role of Group President, Utility Operations, including assisting in identifying and developing a potential successor, all as determined solely in the discretion of [APPLICABLE SYSTEM COMPANY OFFICER] Entergy’s Chief Executive Officer (“Vesting Criteria”). For purposes of this Section 3, Grantee shall no longer be considered a regular full-time employee of any System Company Employer on the date Grantee is no longer actively employed on a full-time basis with any System Company Employer for any reason, including without limitation because of Grantee’s resignation, retirement, death, separation from employment due to disability, involuntary termination of employment for any reason or no reason, or any other separation from full-time active employment with Grantee’s System Company Employer, except as otherwise required by law. If Grantee fails to meet the Vesting Criteria, then Grantee shall not vest in the Restricted Units, except as otherwise provided in Section 5 4 of this Agreement. [Variation from this default vesting schedule and release requirement may be determined by Entergy Corporation’s Chief Executive Officer or the senior-most officer within the Human Resources Department.]

Vesting of Restricted Units. [Subject to the release requirement described in Section 4 hereof]5 of this Agreement, the Restricted Units (excluding dividend equivalents) shall vest in full on [the third (3rd) anniversary of the Effective Date] October 1, 2025 (such date, the “Vesting Date”), provided that that, through the Vesting Date, Grantee (i) complies with Section 15 of this Agreement and Agreement, (ii) remains continuously and actively employed through the Vesting Date as President & CEO - Entergy MS or similar or higher management position and a regular full-time employee of a System Company Employer and Employer, (iii) performs Grantee’s job duties in a satisfactory manner through manner, and (iv) actively prepares for the Vesting Datesuccessful transition of the role of the President & CEO – Entergy MS, including assisting in identifying and developing a potential successor, all as determined solely in the discretion of [APPLICABLE SYSTEM COMPANY OFFICER] Entergy’s Chief Executive Officer (“Vesting Criteria”). For purposes of this Section 3, Grantee shall no longer be considered a regular full-time employee of any System Company Employer on the date Grantee is no longer actively employed on a full-time basis with any System Company Employer for any reason, including without limitation because of Grantee’s resignation, retirement, death, separation from employment due to disability, involuntary termination of employment for any reason or no reason, or any other separation from full-time active employment with Grantee’s System Company Employer, except as otherwise required by law. If Grantee fails to meet the Vesting Criteria, then Grantee shall not vest in the Restricted Units, except as otherwise provided in Section 5 4 of this Agreement. [Variation from this default vesting schedule and release requirement may be determined by Entergy Corporation’s Chief Executive Officer or the senior-most officer within the Human Resources Department.]

Vesting of Restricted Units. [Subject to the release requirement described in Section 4 hereof]5 of this Agreement, the Restricted Units (excluding dividend equivalents) shall vest in full on [the third (3rd) anniversary of the Effective Date] October 1, 2025 (such date, the “Vesting Date”), provided that that, through the Vesting Date, Grantee (i) complies with Section 15 of this Agreement and Agreement, (ii) remains continuously and actively employed through the Vesting Date as President & CEO - Entergy LA or similar or higher management position and a regular full-time employee of a System Company Employer and Employer, (iii) performs Grantee’s job duties in a satisfactory manner through manner, and (iv) actively prepares for the Vesting Datesuccessful transition of the role of the President & CEO – Entergy LA, including assisting in identifying and developing a potential successor, all as determined solely in the discretion of [APPLICABLE SYSTEM COMPANY OFFICER] Entergy’s Chief Executive Officer (“Vesting Criteria”). For purposes of this Section 3, Grantee shall no longer be considered a regular full-time employee of any System Company Employer on the date Grantee is no longer actively employed on a full-time basis with any System Company Employer for any reason, including without limitation because of Grantee’s resignation, retirement, death, separation from employment due to disability, involuntary termination of employment for any reason or no reason, or any other separation from full-time active employment with Grantee’s System Company Employer, except as otherwise required by law. If Grantee fails to meet the Vesting Criteria, then Grantee shall not vest in the Restricted Units, except as otherwise provided in Section 5 4 of this Agreement. [Variation from this default vesting schedule and release requirement may be determined by Entergy Corporation’s Chief Executive Officer or the senior-most officer within the Human Resources Department.]

Vesting of Restricted Units. [Subject to the release requirement described in Section 4 hereof]of this Agreement, the Restricted Units (excluding dividend equivalents) shall vest on [the third (3rd) anniversary of the Effective Date] Date (such date, the “Vesting Date”), provided that Grantee complies with Section 15 of this Agreement and remains continuously and actively employed through the Vesting Date as a regular full-time employee of a System Company Employer and performs Grantee’s job duties in a satisfactory manner through the Vesting Date, as determined solely in the discretion of [APPLICABLE SYSTEM COMPANY OFFICER] ______ (“Vesting Criteria”). For purposes of this Section 3, Grantee shall no longer be considered a regular full-time employee of any System Company Employer on the date Grantee is no longer actively employed on a full-time basis with any System Company Employer for any reason, including without limitation because of Grantee’s resignation, retirement, death, separation from employment due to disabilityDisability, involuntary termination of employment for any reason or no reason, or any other separation from full-time active employment with Grantee’s System Company Employer, except as otherwise required by law. If Grantee fails to meet the Vesting Criteria, then Grantee shall not vest in the Restricted Units, except as otherwise provided in Section 5 of this Agreement. [Variation from this default vesting schedule and release requirement may be determined by Entergy Corporation’s Chief Executive Officer or the senior-most officer within the Human Resources Department.]