Company: TVC
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001376986-25-000056
Chunk: 362

Company: Tennessee Valley Authority
Filing Date: 2025-11-13
Form: 10-K
Item: Item 1
Chunk 362
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In addition to the amounts set forth in the termination tables, all NEOs would also be entitled to payments from plans generally available to TVA employees under the specific circumstances of termination of employment, including the health and welfare and pension plans and amounts in the 401(k) plan.

Donald A. MoulResignationRetirementTermination without Cause or Resignation for Good ReasonTermination with CauseDeath/DisabilitySeverance Plan$— $— $2,520,000 $— $— SERP(1)1,861,040 1,861,040 1,861,040 1,861,040 1,861,040 Restoration Plan— — — — — EAIP1,411,271 1,411,271 1,411,271 1,411,271 1,411,271 LTR961,667 961,667 961,667 961,667 1,428,334 LTP(2)1,396,500 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