Company: NPWR-WT
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001140361-25-015450
Chunk: 26

Company: NET Power Inc.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 26
---
,000 for each non-employee director; |

| • | an additional annual cash retainer of $25,000 for each of the non-executive chair and any lead director (or equivalent position, the “Lead                                 
 Director”) (or if the non-executive chair also serves as the Lead Director or if no member of the Board serves as the Lead Director, $50,000 for the non-executive chair); |

| • | an additional annual cash retainer for serving as a committee chair in the following amounts: (i) $20,000 for the audit committee chair, (ii) 
 $15,000 for the compensation committee chair and (iii) $12,000 for the nominating and corporate governance committee chair;                   |

| • | an additional annual cash retainer for serving as a committee member in the following amounts: (i) $10,000 for each audit committee member,                                                            
 (ii) $7,500 for each compensation committee member and (iii) $6,000 for each nominating and corporate governance committee member (in each case, excluding the chair of the applicable committee); and |

| • | commencing on the first annual meeting of Net Power’s stockholders, an annual equity award with grant date fair value of $150,000 for each                                                                                   
 non-employee director, granted in the form of RSUs that will vest on the earlier of (i) the day before the date of the following annual meeting of Net Power’s stockholders and (ii) one-year anniversary of the grant date, 
 subject to the non-employee director’s continuous service through the applicable vesting date.                                                                                                                               |

The annual cash retainers are paid quarterly in arrears and prorated for the eligible non-employee director’s period of service on the Board or the applicable positions on the Board (or committee thereof) as described above. Non-employee directors may elect to receive cash retainer amounts in the form of unrestricted shares of our Class A Common Stock .In addition, each of Net Power’s eligible non-employee directors who was appointed to the Board on the date of consummation of the Business Combination received a one-time grant of RSUs under the Incentive Plan with a grant date fair value of $300,000. Each of these one-time grants will vest ratably on each of the first, second and third anniversaries of the grant date, subject to the non-employee director’s continuous service through the applicable vesting date. The following