Company: TVC
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001376986-25-000056
Chunk: 622

Company: Tennessee Valley Authority
Filing Date: 2025-11-13
Form: 10-K
Item: Item 11
Chunk 622
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396,500 1,396,500 3,846,500 1,396,500 3,846,500 Deferred Compensation— — — — — Total Value of Potential Payments$5,630,478 $5,630,478 $10,600,478 $5,630,478 $8,547,145 

Notes

(1)   Under the terms of his offer letter, if Mr. Moul is terminated for any reason prior to five years of actual service with TVA, the five-year vesting requirement under SERP will be waived and his SERP benefit will be calculated based on his actual years of credited service and his accrued benefit as of September 30, 2025.

(2)   On July 25, 2025, the TVA Board authorized Mr. Moul to receive prorated LTP benefits under the LTP, without regard to meeting the retirement requirements as defined in the LTP, so long as he separates from service due to (1) a termination of service by TVA, other than due to Gross Misconduct or as a result of death or disability, or (2) a resignation due to Good Reason.

Thomas C. RiceResignationRetirementTermination without Cause or Resignation for Good ReasonTermination with CauseDeath/DisabilitySeverance Plan$— $— $1,233,750 $— $— SERP— — — — — Restoration Plan41,227 41,227 41,227 41,227 41,227 EAIP635,536 635,536 635,536 635,536 635,536 LTR419,963 419,963 419,963 419,963 667,963 LTP336,013 336,013 336,013 336,013 1,638,013 Deferred Compensation— — — — — Total Value of Potential Payments$1,432,739 $1,432,739 $2,666,489 $1,432,739 $2,982,739 

183

Matthew M. RasmussenResignationRetirementTermination without Cause or Resignation for Good ReasonTermination with CauseDeath/DisabilitySeverance Plan$— $— $534,400 $— $—