FORM OF EMPLOYEE MATTERS AGREEMENT by and among ENTERGY CORPORATION, ENEXUS ENERGY CORPORATION and EQUAGEN LLC Dated as of ________, 2008Employee Matters Agreement • September 12th, 2008 • Enexus Energy CORP • Electric services • Delaware
EMPLOYEE MATTERS AGREEMENT (this “Agreement”), dated as of [•], 2008, by and among Entergy Corporation, a Delaware corporation (“Entergy”), Enexus Energy Corporation, a Delaware corporation (“Enexus”), and EquaGen LLC, a Delaware limited liability company (“EquaGen”). Each of Entergy, Enexus and EquaGen is herein referred to as a “Party” and collectively, as the “Parties”.
Entergy Services, Inc. 639 Loyola Avenue New Orleans, LA 70113Conditional Offer of Employment • September 12th, 2008 • Enexus Energy CORP • Electric services • Delaware
In furtherance of our discussions, this letter agreement sets forth the terms and conditions of our conditional offer of employment with the new legal entity expected to be established in 2008 to own the non-utility nuclear business contemplated to be spun off from Entergy Corporation in a separate transaction. For purposes of this Agreement, the new legal entity shall be referred to as “Spinco.” Provided Spinco has been legally formed, the spin-off occurs, and you have met all of the terms and conditions for employment with Spinco as set forth below, your new full-time position is contemplated to be Chief Operating Officer, reporting to Richard J. Smith, with your job location in Jackson, MS. The details of employment under this agreement (the “Agreement”) are set forth below and shall supersede any other oral or written employment offers, representations, agreements or communications related to current or future Spinco employment that you may have received from, or entered into with,
Entergy Services, Inc. 639 Loyola Avenue New Orleans, LA 70113 July 2, 2008Contingent Offer of Employment • September 12th, 2008 • Enexus Energy CORP • Electric services • Delaware
Further to our discussions, this letter agreement sets forth the terms and conditions of our contingent offer of employment with Enexus Energy Corporation (“Enexus”), the non-utility nuclear business contemplated to be spun off from Entergy Corporation on terms approved by the board of directors of Entergy Corporation (the “Spin Transaction”). The details of employment under this agreement (the “Agreement”) are set forth below and shall supersede any other oral or written employment offers, representations, agreements or communications that you may have received from, or entered into with, any affiliate or subsidiary of Entergy Corporation (collectively, the “Entergy System,” and each an “Entergy System Company”) related to current or future Enexus or Entergy System Company employment prior to the execution of this Agreement, which prior offers, representations, agreements or communications you acknowledge are without effect. The date upon which you execute this Agreement indicating yo
May 22, 2008 Carolyn C. Shanks 308 East Pearl Street, Apt. 1001 Jackson, MS 39201 Re: Conditional Offer of Enexus Employment Dear Carolyn:Conditional Offer of Employment • September 12th, 2008 • Enexus Energy CORP • Electric services • Delaware
In furtherance of our discussions, this letter agreement sets forth the terms and conditions of our conditional offer of employment with the new legal entity expected to be established in 2008 to own the non-utility nuclear business contemplated to be spun off from Entergy Corporation in a separate transaction. For purposes of this Agreement, the new legal entity shall be referred to as “Enexus.” Provided Enexus has been legally formed, the spin-off occurs, and you have met all of the terms and conditions for employment with Enexus as set forth below, your new full-time position is contemplated to be Senior Vice President, Administration & Corporate Support (CAO), reporting to Richard J. Smith, with your job location in Jackson, MS. The details of employment under this agreement (the “Agreement”) are set forth below and shall supersede any other oral or written employment offers, representations, agreements or communications related to current or future Enexus employment that you may h
