Company: TVC
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001376986-25-000056
Chunk: 350

Company: Tennessee Valley Authority
Filing Date: 2025-11-13
Form: 10-K
Item: Item 1
Chunk 350
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 CEO). EAIP and LTIP incentive awards for the retired CEO are calculated in the same manner except that the scorecard achievement ranges from 0 percent to 150 percent instead of 0 percent to 200 percent.

(3)  Target incentive opportunity was 70% of salary for Mr. Rausch. For all others, the target opportunity was a blended opportunity based on time in role.   An individual performance multiplier of up to 150 percent may also be applied which may increase the award to 225 percent of target for all NEOs except for the retired CEO, whose maximum award is 150 percent of target.  Actual EAIP awards earned for performance in 2025 are reported for each of the NEOs under the "Non-Equity Incentive Plan Compensation" column in the Summary Compensation Table.

(4)  At the end of the performance period, TVA's LTIP Scorecard was applied to the grants in order to determine LTP award payouts.  Award payouts are reported for each of the NEOs under the "Non-Equity Incentive Plan Compensation" column in the Summary Compensation Table.  The LTP awards for Mr. Lyash and Mr. Thomas are prorated due to retirement in 2025.

(5)  All LTR awards will be paid in a lump sum within two months of the September 30th vesting date except in the case of death, disability, or retirement.  The awards will be paid in cash after deducting applicable federal, state, and local withholding taxes. In the case of death, the beneficiary will be paid as soon as 

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administratively practicable but in no event later than the last day of the second full calendar month following the participant's death. Disability awards will be paid as soon as administratively practicable but in no event later than the last day of the second full calendar month following the participant's separation from service due to disability.  Actual LTR awards earned in 2025 are reported for each of the NEOs under the "Non-Equity Incentive Plan Compensation" column in the Summary Compensation Table.  The LTR awards for Mr. Lyash and Mr. Thomas are prorated due to retirement in 2025.

(6)  At the end of the performance period, TVA's LTIP Scorecard will be applied to the grants in order to determine LTP award payouts.  The final award may be adjusted by the TVA Board in its discretion in appropriate