Document

This Retirement Benefit Agreement (“Agreement”) dated as of November 22, 2022, is entered into by and between Entergy Corporation, a Delaware corporation (“Entergy”), and Marcus V. Brown (“Executive” and, together with Entergy, the “Parties”), as approved by the Personnel Committee of the Entergy Board of Directors, effective as of November 30, 2022.

WHEREAS, the terms of Executive’s participation in the SERP are governed by the SERP and the Participant Application thereunder executed by Executive on January 29, 2010 (the “Participant SERP Application”);

WHEREAS, the Parties wish to provide that, in respect of any separation from service of Executive from Entergy or its affiliates after November 30, 2022, Executive’s benefit, if any, under the SERP and PEP shall be governed by the terms of the SERP and PEP as amended by, respectively, Amendment No. 8 and Amendment No. 9 thereto substantially in the form attached hereto as Exhibit A and Exhibit B, respectively.

1.Executive consents to an amendment to the SERP in the form attached hereto as Exhibit A (the “SERP Amendment”), and he agrees and acknowledges on his behalf and any others who may claim through him that his benefit entitlement, if any, under the SERP in respect of any separation from service of Executive from Entergy or its affiliates after November 30, 2022, shall be governed by the SERP as in effect as of the date hereof as further amended by the SERP Amendment.

2.Executive consents to an amendment to the PEP in the form attached hereto as Exhibit B (the “PEP Amendment”), and he agrees and acknowledges on his behalf and any others who may claim through him that his benefit entitlement, if any, under the PEP in respect of any separation from service of Executive from Entergy or its affiliates after November 30, 2022, shall be governed by the PEP as in effect as of the date hereof as further amended by the PEP Amendment.

3.This Agreement constitutes the entire agreement between Executive and Entergy, and supersedes all prior agreements, understandings and arrangements, oral or written, between Executive and Entergy, with respect to the subject matter hereof (including without limitation, to the extent inconsistent herewith the Participant SERP Application and, as in effect immediately prior to their amendment pursuant to the respective Exhibits attached hereto, the SERP and the PEP), and in the event of any inconsistency between this Agreement and any other plan, program, practice or agreement to which Executive is party or in which he is a participant, this Agreement shall control unless such other plan, program, practice or agreement specifically refers to this Agreement as not so controlling.

THIS INSTRUMENT, executed this day of , 2022, and effective December 1, 2022, constitutes the Eighth Amendment of the System Executive Retirement Plan of Entergy Corporation and Subsidiaries (As Amended and Restated effective January 1, 2009) (the “Plan”).

Pursuant to Section 9.01 of the Plan and in accordance with the Resolutions of the Personnel Committee of the Board of Directors adopted at its meeting of October 27, 2022, the Plan is hereby amended by adding an Appendix E at the end thereof to read in its entirety as follows:

This Appendix E is intended to memorialize certain provisions applicable to the benefit under the Plan of one of its Participants, Marcus V. Brown (for purposes of this Appendix E, “Executive”).

“Cause Termination” shall mean a separation from service of Executive from Entergy or its affiliates due to the occurrence of any of the following acts, omissions, events or circumstances, as determined by Executive’s employer in its sole discretion:

(d)a violation by Executive of Entergy Corporation or an affiliate policy or procedure, the Code of Entegrity, any applicable law or regulation, or of any agreement between Executive and Entergy Corporation or any affiliate,

an adverse effect on Executive’s ability to carry out Executive’s duties or which is injurious to the Entergy Corporation or any affiliate monetarily, with respect to reputation, or otherwise,

(h)the failure of Executive to obtain or retain, as applicable, any license, qualification, exemption or other status necessary for Executive to fully perform Executive’s employment duties.

“Qualifying Transition Termination” shall mean a separation from service of Executive from Entergy or its affiliates after November 30, 2022 other than by reason of death, that:

(c) in the case of a separation before Executive’s attainment of age 65, is a separation in connection with which the Administrator, after consultation with the Chief Executive Officer of Entergy Corporation and the Board of Directors, shall have (i) determined that Executive has successfully prepared his successor for his position and (ii) determined that the forfeiture provision in Section 6.01(a) shall not apply; or

“Qualifying Death Transition Termination” shall mean a separation from service of Executive from Entergy or its affiliates by reason of death and where no basis for a Cause Termination of the Executive existed at the time of his death: (i) on or after Executive’s attainment of age 65; or (ii) before Executive’s attainment of age 65 and where the Administrator, after consultation with the Chief Executive Officer of Entergy Corporation and the Board of Directors, has determined that, as of the time of his death, Executive had successfully prepared his successor for his position.

Notwithstanding any other provisions of the Plan (including without limitation Article II and Section 7.03) to the extent otherwise inconsistent herewith and subject to the further provisions of this Appendix E, the following provisions of this Paragraph II shall apply to the benefit of Executive under the Plan in respect of any separation from service of Executive from Entergy or its affiliates after November 30, 2022 (a “Covered Termination”).

In the event of a Covered Termination that is a Qualifying Transition Termination, the lump-sum cash amount payable under the Plan shall be the amount Executive would have been paid under the Plan if he had Retired from

Service on November 30, 2022 and had an Income Payment Date of December 1, 2022 (the “Benefit Amount”), which amount shall not be subject to increase or decrease except as provided in Section 3.03. Executive’s entitlement to the Benefit Amount shall remain subject to the other applicable provisions of the Plan to the extent not inconsistent with this Appendix E, including without limitation the forfeiture provisions of Article VI of the Plan (but exclusive of Sections 6.01(a) & (b) thereof).

In the event of a Covered Termination that is a Qualifying Death Transition Termination, for purposes of determining the amount payable under Article IV of the Plan (the “Death Benefit”), Executive shall be deemed for purposes of Section 4.01(a) to have separated from service on November 30, 2022, survived to his Normal Retirement Date, Retired on his Normal Retirement Date, with Final Average Monthly Compensation and Years of Service calculated for all purposes (including actuarial assumptions) as if his Normal Retirement Date had been November 30, 2022, been entitled to a 50% joint and survivor annuity form of payment under the Plan, and then died immediately thereafter. The Death Benefit (if any) shall not be subject to increase or decrease. The entitlement of Executive’s Surviving Spouse, if any, to the Death Benefit shall remain subject to the other applicable provisions of the Plan.

In the event of a Covered Termination other than by reason of death of the Executive that is not a Qualifying Transition Termination and in respect of which Executive is otherwise entitled to a benefit under the Plan, the lump-sum cash amount payable under the Plan shall be the lesser of (i) the Benefit Amount, which amount shall not be subject to increase or decrease except as provided in Section 3.03, or (ii) the amount payable to Executive pursuant to the terms of the Plan (including without limitation Section 2.05) as determined without regard to this Appendix E or Amendment No. 9 to the PEP.

In the event of a Covered Termination by reason of death of the Executive that is not a Qualifying Death Transition Termination and in respect of which Executive’s Surviving Spouse is otherwise entitled to a death benefit under the Plan, the single-sum death benefit shall be the lesser of (i) the death benefit amount calculated under Paragraph II.B above, or (ii) the death benefit amount payable to the Executive’s Surviving Spouse pursuant to the terms of the Plan (including without limitation Section 2.05) as determined without regard to this Appendix E or Amendment No. 9 to the PEP.

A. Notwithstanding any other provision of the Plan (including the other provisions of this Appendix E), no benefit shall be provided in respect of any Cause Termination or any separation from service by reason of death where circumstances warranting a Cause Termination existed.

B. This Appendix E is not intended to have, and shall not have, any effect on Executive’s benefit under the Entergy Retirement Plan, which shall be determined at all times in accordance with the terms of such plan as in effect from time to time.

IN WITNESS WHEREOF, the Personnel Committee has caused this Amendment No. 8 to the Plan to be executed by its duly authorized representative on the day, month, and year above set forth and effective December 1, 2022.

THIS INSTRUMENT, executed this day of , 2022, and effective December 1, 2022, constitutes the Ninth Amendment of the Pension Equalization Plan of Entergy Corporation and Subsidiaries (As Amended and Restated effective January 1, 2009) (the “Plan”).

Pursuant to Section 8.01 of the Plan and in accordance with the Resolutions of the Personnel Committee of the Board of Directors adopted at its meeting of October 27, 2022, the Plan is hereby amended by adding the following new Section 9.10 immediately following existing Section 9.09 of the Plan to read in its entirety as follows:

9.10 Special Rule for a Certain Participant. Notwithstanding any other provision of the Plan, no benefit shall be provided under the Plan to Marcus V. Brown or his Beneficiary in respect of any Separation from Service after November 30, 2022, that is either (i) a Qualifying Transition Termination or Qualifying Death Transition Termination within the meaning of the SERP as amended by Appendix E thereto or (ii) not a Qualifying Transition Termination or Qualifying Death Transition Termination but in respect of which Executive or his surviving spouse is entitled to the benefit described in Paragraph II.C(i) or Paragraph II.D(i), respectively, of such Appendix E. With regard to any other Separation from Service, the provisions of the Plan shall apply to Marcus V. Brown and his Beneficiary as determined without regard to this Section 9.10.

IN WITNESS WHEREOF, the Personnel Committee has caused this Ninth Amendment to the Pension Equalization Plan of Entergy Corporation and Subsidiaries (As Amended and Restated Effective January 1, 2009) to be executed by its duly authorized representative on the day, month, and year above set forth and effective December 1, 2022.