Document:

Exhibit 10.18

 

Form

 

NUSCALE POWER CORPORATION

 

INDEMNITY AGREEMENT

 

This Indemnity Agreement (this
 “Agreement”), dated as of ___________ ___, 202__ is made by and between NuScale Power Corporation, a Delaware
corporation (the “Company”), and ___________________, a director, officer or key employee of the Company or
one of the Company’s subsidiaries or other service provider who satisfies the definition of Indemnifiable Person set forth below
(“Indemnitee”).

 

RECITALS

 

A.       The
Company is aware that competent and experienced persons are increasingly reluctant to serve as representatives of corporations unless
they are protected by comprehensive liability insurance and indemnification, due to increased exposure to litigation costs and risks resulting
from their service to such corporations, and due to the fact that the exposure frequently bears no relationship to the compensation of
such representatives;

 

B.       The
members of the Board of Directors of the Company (the “Board”) have concluded that in order to retain and attract
talented and experienced individuals to serve as representatives of the Company and its Subsidiaries and Affiliates and to encourage such
individuals to take the business risks necessary for the success of the Company and its Subsidiaries and Affiliates, it is necessary for
the Company to contractually indemnify certain of its representatives and the representatives of its Subsidiaries and Affiliates, and
to assume for itself maximum liability for Expenses and Other Liabilities in connection with claims against such representatives in connection
with their service to the Company and its Subsidiaries and Affiliates;

 

C.       Section 145
of the Delaware General Corporation Law (“Section 145”), empowers the Company to indemnify by agreement
its officers, directors, employees and agents, and persons who serve, at the request of the Company, as directors, officers, employees
or agents of other corporations, partnerships, joint ventures, trusts or other enterprises, and expressly provides that the indemnification
provided thereby is not exclusive; and

 

D.       The
Company desires and has requested Indemnitee to serve or continue to serve as a representative of the Company and/or the Subsidiaries
or Affiliates of the Company free from undue concern about inappropriate claims for damages arising out of or related to such services
to the Company and/or the Subsidiaries or Affiliates of the Company.

 

E.       The
Indemnitee may have certain rights to indemnification and/or insurance which are intended to be secondary to the primary obligation of
the Company to indemnify Indemnitee as provided herein, with the Company’s acknowledgment and agreement to the foregoing being a
material condition to Indemnitee’s willingness to serve on the Company’s Board of Directors.

 

     

     

    

 

AGREEMENT

 

NOW, THEREFORE, the parties
hereto, intending to be legally bound, hereby agree as follows:

 

1.        Definitions.

 

(a)       Affiliate.
For purposes of this Agreement, “Affiliate” of the Company means any corporation, partnership, limited liability
company, joint venture, trust or other enterprise in respect of which Indemnitee is or was or will be serving as a director, officer,
trustee, manager, member, partner, employee, agent, attorney, consultant, member of the entity’s governing body (whether constituted
as a board of directors, board of managers, general partner or otherwise), fiduciary, or in any other similar capacity at the request,
election or direction of the Company, and including, but not limited to, any employee benefit plan of the Company or a Subsidiary or Affiliate
of the Company.

 

(b)       Change
in Control. For purposes of this Agreement, “Change in Control” means any event or circumstance where (i) any
 “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the
 “Exchange Act”)), other than a Subsidiary or a trustee or other fiduciary holding securities under an employee
benefit plan of the Company or Subsidiary, is or becomes the “Beneficial Owner” (as defined in Rule 13d-3 under the Exchange
Act), directly or indirectly, of securities of the Company representing 50% or more of the total voting power represented by the Company’s
then outstanding capital stock, (ii) during any period of two consecutive years, individuals who at the beginning of such period
constitute the Board and any new director whose election by the Board or nomination for election by the Company’s stockholders was
approved by a vote of at least two-thirds (2/3) of the directors then still in office who either were directors at the beginning of the
period or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority thereof,
(iii) the stockholders of the Company approve a merger or consolidation of the Company with any other corporation or other entity,
other than a merger or consolidation that would result in the outstanding capital stock of the Company outstanding immediately prior thereto
continuing to represent (either by remaining outstanding or by being converted into capital stock or other equity interests of the surviving
entity) at least 50% of the total voting power represented by the capital stock or other equity interests of the Company or such surviving
entity outstanding immediately after such merger or consolidation, or (iv) the stockholders of the Company approve a plan of complete
liquidation of the Company or an agreement for the sale or disposition by the Company (in one transaction or a series of transactions)
of all or substantially all of the Company’s assets.

 

(c)       Expenses.
For purposes of this Agreement, “Expenses” means all reasonable and documented direct and indirect costs
of any type or nature whatsoever (including, without limitation, all attorneys’ fees and related disbursements, and other
out-of-pocket costs), paid or incurred by Indemnitee in connection with either the investigation, settlement, defense or appeal of,
or being a witness or otherwise involved in, a Proceeding (as defined below), or establishing or enforcing a right to
indemnification under this Agreement, Section 145 or otherwise; provided, however, that Expenses shall not include any
judgments, fines or taxes (including ERISA or other benefit plan related excise taxes or penalties) actually levied against
Indemnitee or amounts paid in settlement of a Proceeding by or on behalf of Indemnitee.

 

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(d)       Indemnifiable
Event. For purposes of this Agreement, “Indemnifiable Event” means any event or occurrence related to Indemnitee’s
service for the Company or any Subsidiary or Affiliate as an Indemnifiable Person (as defined below), or by reason of anything done or
not done, or any act or omission, by Indemnitee in any such capacity.

 

(e)       Indemnifiable
Person. For the purposes of this Agreement, “Indemnifiable Person” means any person who is or was a director,
officer, trustee, manager, member, partner, employee, attorney, consultant, member of an entity’s governing body (whether constituted
as a board of directors, board of managers, general partner or otherwise) or other agent or fiduciary of the Company or a Subsidiary or
Affiliate of the Company.

 

(f)       Independent
Counsel. For purposes of this Agreement, “Independent Counsel” means legal counsel that has not performed
services for the Company or Indemnitee in the five years preceding the time in question and that would not, under applicable standards
of professional conduct, have a conflict of interest in representing either the Company or Indemnitee.

 

(g)       Independent
Director. For purposes of this Agreement, “Independent Director” means a member of the Board who is not
a party to the Proceeding for which a claim is made under this Agreement.

 

(h)       Other
Liabilities. For purposes of this Agreement, “Other Liabilities” means any and all liabilities of any type
whatsoever (including, but not limited to, judgments, fines, penalties, taxes (including ERISA or other benefit plan related excise taxes
or penalties), and amounts paid in settlement and all interest, taxes, assessments and other charges paid or payable in connection with
or in respect of any such judgments, fines, ERISA (or other benefit plan related) excise taxes or penalties, or amounts paid in settlement).

 

(i)       Proceeding.
For the purposes of this Agreement, “Proceeding” means any threatened, pending, or completed action, suit or
other proceeding, whether civil, criminal, administrative, investigative, legislative or any other type whatsoever, preliminary, informal
or formal, including any arbitration or other alternative dispute resolution and including any appeal of any of the foregoing.

 

(j)       Subsidiary.
For purposes of this Agreement, “Subsidiary” means any entity of which more than 50% of the outstanding voting
securities is owned directly or indirectly by the Company.

 

2.        Agreement
to Serve. The Indemnitee agrees to serve and/or continue to serve as an Indemnifiable Person in the capacity or capacities in which
Indemnitee currently serves the Company as an Indemnifiable Person, and any additional capacity in which Indemnitee may agree to serve,
until such time as Indemnitee’s service in a particular capacity shall end according to the terms of an agreement, the Company’s
Certificate of Incorporation or Bylaws, governing law, or otherwise. Nothing contained in this Agreement is intended to create any right
to continued employment or other form of service for the Company or a Subsidiary or Affiliate of the Company by Indemnitee.

 

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3.        Mandatory
Indemnification.

 

(a)       Agreement
to Indemnify. In the event Indemnitee is a person who was or is a party to, a witness in or otherwise involved in or is threatened
to be made a party to or a witness in or to become otherwise involved in any Proceeding by reason of an Indemnifiable Event, the Company
shall indemnify Indemnitee from and against any and all Expenses and Other Liabilities incurred by Indemnitee in connection with (including
in preparation for) such Proceeding to the fullest extent not prohibited by the provisions of the Company’s Certificate of Incorporation,
Bylaws and the Delaware General Corporation Law (“DGCL”), as the same may be amended from time to time (but
only to the extent that such amendment permits the Company to provide broader indemnification rights than the Certificate of Incorporation,
Bylaws or the DGCL permitted prior to the adoption of such amendment).

 

(b)       Exception
for Amounts Covered by Insurance and Other Sources. Notwithstanding the foregoing, the Company shall not be obligated to indemnify
Indemnitee for Expenses or Other Liabilities of any type whatsoever (including, but not limited to judgments, fines, penalties, ERISA
excise taxes or penalties and amounts paid in settlement) to the extent such have been paid directly to Indemnitee (or paid directly to
a third party on Indemnitee’s behalf) by any directors and officers, or other type of, insurance maintained by the Company; provided, however,
that payment made to Indemnitee pursuant to an insurance policy purchased and maintained by Indemnitee at his or her own expense of any
amounts otherwise indemnifiable or obligated to be made pursuant to this Agreement shall not reduce the Company’s obligations to
Indemnitee pursuant to this Agreement.

 

(c)       Company
Obligations Primary. The Company hereby acknowledges that Indemnitee may have rights to indemnification for Expenses and Other Liabilities
provided by another sponsoring organization (“Other Indemnitor”). The Company agrees with Indemnitee that the
Company is the indemnitor of first resort of Indemnitee with respect to matters for which indemnification is provided under this Agreement
and that the Company will be obligated to make all payments due to or for the benefit of Indemnitee under this Agreement without regard
to any rights that Indemnitee may have against the Other Indemnitor. The Company hereby waives any equitable rights to contribution or
indemnification from the Other Indemnitor in respect of any amounts paid to Indemnitee hereunder. The Company further agrees that no reimbursement
of Other Liabilities or payment of Expenses by the Other Indemnitor to or for the benefit of Indemnitee shall affect the obligations of
the Company hereunder, and that the Company shall be obligated to repay the Other Indemnitor for all amounts so paid or reimbursed to
the extent that the Company has an obligation to indemnify Indemnitee for such Expenses or Other Liabilities hereunder.

 

4.        Partial
Indemnification. If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some or a
portion of any Expenses or Other Liabilities but not entitled, however, to indemnification for the total amount of such Expenses or
Other Liabilities, the Company shall nevertheless indemnify Indemnitee for such total amount except as to the portion thereof for
which indemnification is prohibited by the provisions of the Company’s Certificate of Incorporation, Bylaws or the DGCL. In
any review or Proceeding to determine the extent of indemnification, the Company shall bear the burden to establish, by clear and
convincing evidence, the lack of a successful resolution of a particular claim, issue or matter and which amounts sought in
indemnity are allocable to claims, issues or matters which were not successfully resolved.

 

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5.        Liability
Insurance. So long as Indemnitee shall continue to serve the Company or a Subsidiary or Affiliate of the Company as an Indemnifiable
Person and thereafter so long as Indemnitee shall be subject to any possible claim or threatened, pending or completed Proceeding as a
result of an Indemnifiable Event, the Company shall use reasonable efforts to maintain in full force and effect for the benefit of Indemnitee
as an insured (i) liability insurance issued by one or more reputable insurers and having the policy amount and deductible deemed
appropriate by the Board and providing in all respects coverage at least comparable to and in the same amount as that provided to the
Chairman of the Board or the Chief Executive Officer of the Company and (ii) any replacement or substitute policies issued by one
or more reputable insurers providing in all respects coverage at least comparable to and in the same amount as that being provided to
the Chairman of the Board or the Chief Executive Officer of the Company. The purchase, establishment and maintenance of any such insurance
or other arrangements shall not in any way limit or affect the rights and obligations of the Company or of Indemnitee under this Agreement
except as expressly provided herein, and the execution and delivery of this Agreement by the Company and Indemnitee shall not in any way
limit or affect the rights and obligations of the Company or the other party or parties thereto under any such insurance or other arrangement.
In the event of a Change in Control subsequent to the date of this Agreement, or the Company’s becoming insolvent, including being
placed into receivership or entering the federal bankruptcy process, the Company shall use reasonable efforts to maintain in force any
and all insurance policies then maintained by the Company in providing insurance—directors’ and officers’ liability,
fiduciary, employment practices or otherwise—in respect of the individual directors and officers of the Company, for a fixed period
of six years thereafter. Such coverage shall be non-cancelable and shall be placed and serviced by the Company’s incumbent
insurance broker or a broker selected by a majority of the Independent Directors.

 

6.        Mandatory
Advancement of Expenses. If requested by Indemnitee, the Company shall advance prior to the final disposition of the Proceeding
all Expenses incurred by Indemnitee in connection with (including in preparation for) a Proceeding related to an Indemnifiable Event
within 20 days after the receipt by the Company of a statement or statements from Indemnitee requesting such advance or advances
from time to time, whether prior to or after final disposition of such Proceeding. Such statement or statements shall reasonably
evidence the Expenses incurred by Indemnitee. The right to advances under this section shall in all events continue until final
disposition of any Proceeding, including any appeal therein. Indemnitee hereby undertakes to repay such amounts advanced if, and
only if and to the extent that, it shall ultimately be determined that Indemnitee is not entitled to be indemnified by the Company
under the provisions of this Agreement, the Company’s Certificate of Incorporation or Bylaws or the DGCL, and no additional
form of undertaking with respect to such obligation to repay shall be required. Indemnitee’s undertaking to repay any Expenses
advanced to Indemnitee hereunder shall be unsecured and shall not be subject to the accrual or payment of any interest thereon. In
the event that Indemnitee’s request for the advancement of expenses shall be accompanied by an affidavit of counsel to
Indemnitee to the effect that such counsel has reviewed such Expenses and that such Expenses are reasonable in such counsel’s
view, then such expenses shall be deemed reasonable in the absence of clear and convincing evidence to the contrary.

 

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7.        Notice
and Other Indemnification Procedures.

 

(a)       Notification.
Promptly after receipt by Indemnitee of notice of the commencement of or the threat of commencement of any Proceeding, unless the Company
is a named co-defendant with Indemnitee, Indemnitee shall, if Indemnitee believes that indemnification or advancement of Expenses
with respect thereto may be sought from the Company under this Agreement, notify the Company of the commencement or threat of commencement
thereof. However, a failure so to notify the Company promptly following Indemnitee’s receipt of such notice shall not relieve the
Company from any liability that it may have to Indemnitee except to the extent that the Company is materially prejudiced in its defense
of such Proceeding as a result of such failure, provided, however, that the Company shall have the burden to prove the existence of such
material prejudice by clear and convincing evidence.

 

(b)       Insurance
and Other Matters. If, at the time of the receipt of a notice of the commencement of a Proceeding pursuant to Section 7(a) above,
the Company has director and officer liability insurance in effect, the Company shall give prompt notice of the commencement of such Proceeding
to the insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all reasonable
action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such Proceeding in accordance with the
terms of such insurance policies. In addition, the Company will instruct the insurers and the Company’s insurance broker that they
may communicate directly with Indemnitee regarding such claim.

 

(c)       Assumption
of Defense. In the event the Company shall be obligated to advance the Expenses for any Proceeding against Indemnitee, the
Company, if deemed appropriate by the Company, shall be entitled to assume the defense of such Proceeding as provided herein. Such
defense by the Company may include the representation of two or more parties by one attorney or law firm as permitted under the
ethical rules and legal requirements related to joint representations. Following delivery of written notice to Indemnitee of
the Company’s election to assume the defense of such Proceeding, the approval by Indemnitee (which approval shall not be
unreasonably withheld) of counsel designated by the Company and the retention of such counsel by the Company, the Company will not
be liable to Indemnitee under this Agreement for any fees and expenses of counsel subsequently incurred by Indemnitee with respect
to the same Proceeding. If (A) the employment of counsel by Indemnitee has been previously authorized by the Company,
(B) Indemnitee shall have notified the Board in writing that Indemnitee has reasonably concluded that there may be a conflict
of interest between the Company and Indemnitee in the conduct of any such defense, (C) the Company fails to employ counsel to
assume the defense of such Proceeding within 60 days, or (D) after a Change in Control, the employment of counsel by Indemnitee
has been approved by the Independent Counsel, the Expenses related to work conducted by Indemnitee’s counsel shall be subject
to indemnification and/or advancement pursuant to the terms of this Agreement. Nothing herein shall prevent Indemnitee from
employing counsel for any such Proceeding at Indemnitee’s expense. Indemnitee agrees that any such separate counsel retained
by Indemnitee will be a member of any approved list of panel counsel under the Company’s applicable directors’ and
officers’ insurance policy, should the applicable policy provide for a panel of approved counsel.

 

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(d)       Settlement.
The Company shall not be liable to indemnify Indemnitee under this Agreement or otherwise for any amounts paid in settlement of any Proceeding
effected without the Company’s written consent; provided, however, that if a Change in Control has occurred subsequent to the date
of this Agreement, the Company shall be liable for indemnification of Indemnitee for amounts paid in settlement if the Independent Counsel
has approved the settlement. Neither the Company nor any Subsidiary or Affiliate shall enter into a settlement of any Proceeding that
might result in the imposition of any Expense, Other Liability, penalty, limitation or detriment on or would directly or indirectly constitute
or impose any admission or acknowledgment of fault or culpability with respect to Indemnitee, whether indemnifiable under this Agreement
or otherwise, without Indemnitee’s written consent. Neither the Company nor Indemnitee shall unreasonably withhold consent from
any settlement of any Proceeding. The Company shall promptly notify Indemnitee upon the Company’s receipt of an offer to settle,
or if the Company makes an offer to settle, any Proceeding, and provide Indemnitee with a reasonable amount of time to consider such settlement,
in the case of any such settlement for which the consent of Indemnitee would be required hereunder. The Company shall not, on its own
behalf, settle any part of any Proceeding to which Indemnitee is a party with respect to other parties (including the Company) without
the written consent of Indemnitee if any portion of the settlement is to be funded from insurance proceeds unless approved by a majority
of the Independent Directors, provided that this sentence shall cease to be of any force and effect if it has been determined in accordance
with this Agreement that Indemnitee is not entitled to indemnification hereunder with respect to such Proceeding or if the Company’s
obligations hereunder to Indemnitee with respect to such Proceeding have been fully discharged.

 

8.        Determination
of Right to Indemnification.

 

(a)       Success
on the Merits or Otherwise. To the extent that Indemnitee has been successful on the merits or otherwise in defense of any Proceeding
referred to in Section 3(a) above or in the defense of any claim, issue or matter described therein, the Company shall indemnify
Indemnitee against Expenses actually and reasonably incurred in connection therewith.

 

(b)       Indemnification
in Other Situations. In the event that Section 8(a) is inapplicable, the Company shall also indemnify Indemnitee if Indemnitee
has not failed to meet the applicable standard of conduct for indemnification.

 

(c)       Forum.
Indemnitee shall be entitled to select the forum in which determination of whether or not Indemnitee has met the applicable standard of
conduct shall be decided, and such election will be made from among the following:

 

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(i)       Those
members of the Board who are Independent Directors even though less than a quorum;

 

(ii)       A
committee of Independent Directors designated by a majority vote of Independent Directors, even though less than a quorum; or

 

(iii)          Independent
Counsel selected by Indemnitee and approved by the Board, which approval may not be unreasonably withheld, which counsel shall make such
determination in a written opinion.

 

If Indemnitee is an officer
or a director of the Company at the time that Indemnitee is selecting the forum, then Indemnitee shall not select Independent Counsel
as such forum unless there are no Independent Directors or unless the Independent Directors agree to the selection of Independent Counsel
as the forum.

 

The selected forum shall be
referred to herein as the “Reviewing Party”. Notwithstanding the foregoing, following any Change in Control subsequent to
the date of this Agreement, the Reviewing Party shall be Independent Counsel selected in the manner provided in clause (iii) above.

 

(d)       Decision
Timing and Expenses. As soon as practicable, and in no event later than 30 days after receipt by the Company of written notice of
Indemnitee’s choice of forum pursuant to Section 8(c) above, the Company and Indemnitee shall each submit to the Reviewing
Party such information as they believe is appropriate for the Reviewing Party to consider. The Reviewing Party shall arrive at its decision
within a reasonable period of time following the receipt of all such information from the Company and Indemnitee, but in no event later
than 30 days following the receipt of all such information, provided that the time by which the Reviewing Party must reach a decision
may be extended by mutual agreement of the Company and Indemnitee. All Expenses associated with the process set forth in this Section 8(d),
including but not limited to the Expenses of the Reviewing Party, shall be paid by the Company.

 

(e)       Delaware
Court of Chancery. Notwithstanding a final determination by any Reviewing Party that Indemnitee is not entitled to indemnification
with respect to a specific Proceeding, Indemnitee shall have the right to apply to the Court of Chancery, for the purpose of enforcing
Indemnitee’s right to indemnification pursuant to this Agreement.

 

(f)       Expenses.
The Company shall indemnify Indemnitee against all Expenses incurred by Indemnitee in connection with any hearing or Proceeding under
this Section 8 involving Indemnitee and against all Expenses and Other Liabilities incurred by Indemnitee in connection with any
other Proceeding between the Company and Indemnitee involving the interpretation or enforcement of the rights of Indemnitee under this
Agreement unless a court of competent jurisdiction finds that each of the material claims of Indemnitee in any such Proceeding was frivolous
or made in bad faith.

 

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(g)       Determination
of “Good Faith”. For purposes of any determination of whether Indemnitee acted in “good faith” or acted
in “bad faith”, Indemnitee shall be deemed to have acted in good faith or not acted in bad faith if in taking or
failing to take the action in question Indemnitee relied on the records or books of account of the Company or a Subsidiary or
Affiliate, including financial statements, or on information, opinions, reports or statements provided to Indemnitee by the officers
or other employees of the Company or a Subsidiary or Affiliate in the course of their duties, or on the advice of legal counsel for
the Company or a Subsidiary or Affiliate, or on information or records given or reports made to the Company or a Subsidiary or
Affiliate by an independent certified public accountant or by an appraiser or other expert selected by the Company or a Subsidiary
or Affiliate, or by any other person (including legal counsel, accountants and financial advisors) as to matters Indemnitee
reasonably believes are within such other person’s professional or expert competence and who has been selected with reasonable
care by or on behalf of the Company or a Subsidiary or Affiliate. In connection with any determination as to whether Indemnitee is
entitled to be indemnified hereunder, or to advancement of Expenses, the Reviewing Party or court shall presume that Indemnitee has
satisfied the applicable standard of conduct and is entitled to indemnification or advancement of Expenses, as the case may be, and
the burden of proof shall be on the Company to establish, by clear and convincing evidence, that Indemnitee is not so entitled. The
provisions of this Section 8(g) shall not be deemed to be exclusive or to limit in any way the other circumstances in
which Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement. In addition, the
knowledge and/or actions, or failures to act, of any other person serving the Company or a Subsidiary or Affiliate as an
Indemnifiable Person shall not be imputed to Indemnitee for purposes of determining the right to indemnification hereunder.

 

9.        Exceptions.
Any other provision herein to the contrary notwithstanding,

 

(a)       Claims
Initiated by Indemnitee. The Company shall not be obligated pursuant to the terms of this Agreement to indemnify or advance Expenses
to Indemnitee with respect to Proceedings or claims initiated or brought voluntarily by Indemnitee and not by way of defense, except (1) with
respect to Proceedings brought to establish or enforce a right to indemnification under this Agreement, any other statute or law, as permitted
under Section 145, or otherwise, (2) where the Board has consented to the initiation of such Proceeding, or (3) with respect
to Proceedings brought to discharge Indemnitee’s fiduciary responsibilities, whether under ERISA or otherwise, but such indemnification
or advancement of Expenses may be provided by the Company in specific cases if the Board finds it to be appropriate; or

 

(b)       Actions
Based on Federal Statutes Regarding Profit Recovery and Return of Bonus Payments. The Company shall not be obligated pursuant to the
terms of this Agreement to indemnify Indemnitee on account of (i) any suit in which judgment is rendered against Indemnitee by a
court of competent jurisdiction in a final adjudication not subject to further appeal for an accounting of profits made from the purchase
or sale by Indemnitee of securities of the Company pursuant to the provisions of Section 16(b) of the Exchange Act or similar
provisions of any federal, state or local statutory law, or (ii) any reimbursement of the Company by the Indemnitee of any bonus
or other incentive-based or equity-based compensation or of any profits realized by the Indemnitee from the sale of securities of the
Company, as required in each case under the Exchange Act (including any such reimbursements that arise from an accounting restatement
of the Company pursuant to Section 304 of the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”), or
the payment to the Company of profits arising from the purchase and sale by Indemnitee of securities in violation of Section 306
of the Sarbanes-Oxley Act); or

 

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(c)       Unlawful
Indemnification. The Company shall not be obligated pursuant to the terms of this Agreement to indemnify Indemnitee for Other Liabilities
if such indemnification is prohibited by law as determined by a court of competent jurisdiction in a final adjudication not subject to
further appeal.

 

10.       Non-exclusivity.
The provisions for indemnification and advancement of Expenses set forth in this Agreement shall not be deemed exclusive of any other
rights which Indemnitee may have under any provision of law, the Company’s Certificate of Incorporation or Bylaws, the vote of the
Company’s stockholders or disinterested directors, other agreements, or otherwise, both as to acts or omissions in his or her official
capacity and to acts or omissions in another capacity while serving the Company or a Subsidiary or Affiliate as an Indemnifiable Person
and Indemnitee’s rights hereunder shall continue after Indemnitee has ceased serving the Company or a Subsidiary or Affiliate as
an Indemnifiable Person and shall inure to the benefit of the heirs, executors and administrators of Indemnitee.

 

11.       Severability.
If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever, (i) the
validity, legality and enforceability of the remaining provisions of the Agreement (including, without limitation, all portions of any
paragraphs of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that are not themselves invalid,
illegal or unenforceable) shall not in any way be affected or impaired thereby, and (ii) to the fullest extent possible, the provisions
of this Agreement (including, without limitation, all portions of any paragraphs of this Agreement containing any such provision held
to be invalid, illegal or unenforceable, that are not themselves invalid, illegal or unenforceable) shall be construed so as to give effect
to the intent manifested by the provision held invalid, illegal or unenforceable.

 

12.       Supersession,
Modification and Waiver. This Agreement supersedes any prior indemnification agreement between the Indemnitee and the Company, its
Subsidiaries or its Affiliates. If the Company and Indemnitee have previously entered into an indemnification agreement providing for
the indemnification of Indemnitee by the Company, parties entry into this Agreement shall be deemed to amend and restate such prior agreement
to read in its entirety as, and be superseded by, this Agreement. No supplement, modification or amendment of this Agreement shall be
binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed
or shall constitute a waiver of any other provision hereof (whether or not similar) and except as expressly provided herein, no such waiver
shall constitute a continuing waiver.

 

13.       Successors
and Assigns. The terms of this Agreement shall bind, and shall inure to the benefit of, and be enforceable by the parties hereto and
their respective successors (including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially
all of the business and/or assets of the Company), assigns, spouses, heirs and personal and legal representatives. In addition, the Company
shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially
all, or a substantial part, of the business and/or assets of the Company, by written agreement in form and substance satisfactory to Indemnitee,
expressly to assume and agree to perform this Agreement and indemnify Indemnitee to the fullest extent permitted by law.

 

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14.       Notice.
All notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed duly given (i) if
delivered by hand and a receipt is provided by the party to whom such communication is delivered, (ii) if mailed by certified or
registered mail with postage prepaid, return receipt requested, on the signing by the recipient of an acknowledgement of receipt form
accompanying delivery through the U.S. mail, (iii) if delivered by personal service by a process server, (iv) if sent by email with
a confirmation of receipt by the party to whom such email is sent; or (v) by delivery to the recipient’s address by overnight
delivery (e.g., FedEx, UPS or DHL) or other commercial delivery service. Addresses (including email addresses) for notice to either party
are as shown on the signature page of this Agreement, or as subsequently modified by written notice complying with the provisions
of this Section 14. Delivery of communications to the Company with respect to this Agreement shall be sent to the attention of the
Company’s General Counsel.

 

15.       No
Presumptions. For purposes of this Agreement, the termination of any Proceeding, by judgment, order, settlement (whether with or without
court approval) or conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that Indemnitee
did not meet any particular standard of conduct or have any particular belief or that a court has determined that indemnification is not
permitted by applicable law or otherwise. In addition, neither the failure of the Company or a Reviewing Party to have made a determination
as to whether Indemnitee has met any particular standard of conduct or had any particular belief, nor an actual determination by the Company
or a Reviewing Party that Indemnitee has not met such standard of conduct or did not have such belief, prior to the commencement of Proceedings
by Indemnitee to secure a judicial determination by exercising Indemnitee’s rights under Section 8(e) of this Agreement
shall be a defense to Indemnitee’s claim or create a presumption that Indemnitee has failed to meet any particular standard of conduct
or did not have any particular belief or is not entitled to indemnification under applicable law or otherwise. Additionally, any admission
of liability by the Company in connection with any settlement by the Company with a regulatory agency shall not, of itself, create a presumption
that Indemnitee did not meet any particular standard of conduct or have any particular belief or that a court has determined that indemnification
is not permitted by applicable law or otherwise.

 

16.       Survival
of Rights. The rights conferred on Indemnitee by this Agreement shall continue after Indemnitee has ceased to serve the Company or
a Subsidiary or Affiliate of the Company as an Indemnifiable Person and shall inure to the benefit of Indemnitee’s heirs, executors
and administrators.

 

    11

     

    

 

17.       Subrogation
and Contribution. (a) Except as otherwise expressly provided in this Agreement, in the event of payment under this Agreement,
the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all documents
required and shall do all acts that may be necessary to secure such rights and to enable the Company effectively to bring suit to enforce
such rights.

 

(a)       To
the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is unavailable to
Indemnitee for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by or
on behalf of Indemnitee, whether for judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement and/or for
Expenses, in connection with any claim relating to an Indemnifiable Event under this Agreement, in such proportion as is deemed fair
and reasonable in light of all of the circumstances of such Proceeding in order to reflect (i) the relative benefits received
by the Company and Indemnitee as a result of the event(s) and/or transaction(s) giving cause to such Proceeding; and/or
(ii) the relative fault of the Company (and its directors, officers, employees and agents) and Indemnitee in connection with
such event(s) and/or transaction(s).

 

18.       Specific
Performance, Etc. The parties recognize that if any provision of this Agreement is violated by the Company, Indemnitee may be
without an adequate remedy at law. Accordingly, in the event of any such violation, Indemnitee shall be entitled, if Indemnitee so
elects, to institute Proceedings, either in law or at equity, to obtain damages, to enforce specific performance, to enjoin such violation,
or to obtain any relief or any combination of the foregoing as Indemnitee may elect to pursue.

 

19.       Counterparts.
This Agreement may be executed in counterparts, each of which shall for all purposes be deemed to be an original but all of which together
shall constitute one and the same agreement. Only one such counterpart signed by the party against whom enforceability is sought needs
to be produced to evidence the existence of this Agreement.

 

20.       Headings.
The headings of the sections and paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute
part of this Agreement or to affect the construction or interpretation thereof.

 

21.       Governing
Law. This Agreement shall be governed exclusively by and construed according to the laws of the State of Delaware, as applied to contracts
between Delaware residents entered into and to be performed entirely with Delaware.

 

22.       Consent
to Jurisdiction. The Company and Indemnitee each hereby irrevocably consent to the jurisdiction of the courts of the State of Delaware
for all purposes in connection with any Proceeding which arises out of or relates to this Agreement.

 

[Signature Page Follows]

 

    12

     

    

 

The parties hereto have entered
into this Indemnity Agreement effective as of the date first above written.

 

	NUSCALE POWER CORPORATION	 	INDEMNITEE
	 	 	 
	By	 	 	Signature	 
	Name	 	 	 
	Title	 	 	Print Name	 
	 	 	 
	Address:	 	Address:
	 	 	 
	6650 SW Redwood Lane, Suite 201	 	 
	Portland, oR
    97224	 	 
	 	 	 
	Email:	 	 	Email:	 

 

[Signature Page to Indemnity Agreement]Exhibit 10.19

 

	NuScale Human Resources Policy	 

 

This NuScale Power, LLC (“NuScale”) policy is subject
to modification or revision in part or in its entirety to reflect changes in conditions subsequent to the effective date of this policy.

 

SUBJECT: EXECUTIVE SEVERANCE POLICY

 

Review Date: 3/7/2022

 

Severance Provisions Applicable to Executive-Level Employees
[Without Employment Agreements]

 

SECTION 1: DEFINITIONS:

 

All terms defined in this Section and throughout the policy have the
meanings given herein:

 

(a)         "Annual
Incentive Plan" means the Company’s incentive plan pursuant to which annual incentives are granted, including any
successor plan thereto.

 

 (b)          "Board" means the governing board of the Company.

 

(c)          
"Base Salary" means on the date of termination, the annual base salary then in effect for Executive (but not less than
the highest annual base salary paid to Executive during any of three (3) years immediately preceding the date of Executive’s Qualifying
Termination).

 

(d)           “Best
Net Provision” means In the event payments to Employee pursuant to this policy (when considered with all other payments made
to Employee that are subject to section 280G of the Internal Revenue Code) (the amount of all such payments, collectively, the
 "Severance Payment") results in Employee becoming liable for the payment of any excise taxes pursuant to section 4999 of
the Code, together with any interest or penalties with respect to such excise tax ("280G Excise Tax"), then the Company
will automatically reduce (the “Reduction”) Employee’s Severance Payment to the minimum extent necessary to
prevent the Severance Payment (after the Reduction) from being subject to the Excise Tax, but only if, by reason of the Reduction,
the after-tax benefit of the reduced Severance Payment exceeds the after-tax benefit if such Reduction were not made. If the
after-tax benefit of the reduced Severance Payment does not exceed the after-tax benefit if the Severance Payment is not reduced,
then the Reduction will not apply. If the Reduction is applicable, the Severance Payment will be reduced in such a manner that
provides Employee with the best economic benefit and, to the extent any portions of the Severance Payment are economically
equivalent with each other, each will be reduced pro rata.

 

(e)          "Bonus"
means the annual incentive amount payable to Executive, if any, under the Annual Incentive Plan.

 

(f)           “Cause: as determined in the reasonable judgment of the Company, means the Employee's (i) commission of any felony or any
crime involving moral turpitude or dishonesty; (ii)  participation in a fraud against the
Company; (iii) willful and material breach of Employee’s duties that has not been cured within thirty (30) days after written
notice from the Company of such breach; (iv) intentional and material damage to the Company’s property; (v) material violation
of Company policy or (vi) material breach by Employee of his/her Employee Proprietary Information and Inventions Agreement.

 

Executive will not be deemed to have been terminated for Cause
unless and until there has been delivered to Executive written notice that Executive has engaged in conduct constituting Cause. The determination
of Cause will be made by the Executive’s immediate superior to whom the executive reports.

 

     

     

    

 

 (g)          "Code" means the Internal Revenue Code of 1986, as amended.

 

(h)          "Company" means NuScale, and any successor thereto which assumes and agrees to perform this Policy by operation of law,
or otherwise.

 

 (i)           "Compensation" means the greater of

 

(a) the sum of Executive’s Base Salary plus pro-rated
Target Bonus determined immediately prior to the date on which Qualifying Termination occurs. Such Bonus will be pro-rated as a fraction
of twelve (12) for full or partial months worked by Executive for the Company during such fiscal year and will be paid to Executive, at
the time and in the same manner specified in the Annual Incentive Plan. Executive’s performance relative to assigned performance
metrics may also be considered in determination of payment of pro-rated earned bonus

 

or (b) the sum of Executive’s Base Salary plus Target
Bonus determined immediately following the date of the Qualifying Termination.

 

(j)           "Compensation
Committee" means the Organization and Compensation Committee of the Board.

 

(k)          "Equity
Plan" means any equity-compensation plan maintained by the Company or a Subsidiary under which Executive received equity-based awards,
such as stock options, restricted stock units, performance units or restricted stock.

 

 (l)           "IRS" means the Internal Revenue Service.

 

 (m)         “Qualifying Termination”
means any termination of Executive’s employment with the Company or any Affiliate due to Executive’s involuntary
termination of employment without Cause.

 

(n)          "Subsidiary"
means any entity in which the Company, directly or indirectly, possesses 50% or more of the total combined voting power of all classes
of its stock.

 

 (o)          "Target Bonus" means Executive’s target incentive award opportunity under the Annual Incentive Plan in effect for the year with respect to which the target bonus amount is being determined or, if no such plan is then in effect, for the last year in which such a plan was in effect.

 

(p)          "Waiver
and Release" means a legal document, substantially in the form attached hereto as Attachment A, in which Executive, in exchange
for severance benefits described in Section 2, among other things, releases the Company, its Subsidiaries and their Affiliates,
their respective directors, officers, employees and agents, and their respective employee benefit plans and the fiduciaries and
agents of said plans from liability and damages in any way related to Executive’s employment with or separation from the
Company.

 

(q)          "Welfare Benefit Coverage"
means each of the group medical, dental and vision benefit coverages provided by the Company in which Executive and Executive’s
eligible dependents, if any, are participating immediately preceding the date of Executive’s Qualifying Termination.

 

     

     

    

 

SECTION 2: SEVERANCE FOLLOWING QUALIFYING TERMINATION

 

If Executive experiences a Qualifying Termination [section
1 (m)], then, subject to the Waiver and Release requirement in Section 2(i) below, Executive will be entitled to receive, as additional
compensation for services rendered to the Company (including its Subsidiaries and Affiliates), the following severance benefits:

 

(a)           Cash
Severance Amount: A lump sum cash payment in an amount equal to one (1) times Executive’s Compensation, subject to applicable
withholding for income and employment taxes. Such cash severance payment will be paid by the sixtieth (60th) day following
Executive’s Qualifying Termination, but only if the Waiver and Release described in Exhibit A has been timely executed and
returned and the Waiver and Release Revocation Period has expired.

 

(b)          
Accrued Obligations: Executive will be entitled to payment of all accrued Base Salary, accrued time off and any other accrued and
unpaid obligations as of the date of the Qualifying Termination. Such accrued obligations will be paid in a lump sum, subject to
applicable withholding for income and employment taxes, as soon as practicable following the date of Executive’s Qualifying
Termination in accordance with the Company’s normal payroll policies and practices.

 

(c)          
Welfare Benefit Coverage: Executive will be entitled to continued Welfare Benefit Coverage on the same basis as similarly situated
active executives of the Company for Executive and his or her eligible dependents for a period of twelve (12) months. Executive and his
or her covered dependents, if any, will be required to pay on an after-tax basis that portion of the premium cost paid by similarly situated
executives for active employee coverage to retain such coverages and the Company paid portion of the premium for such coverages will be
imputed as income and reported as wages to Executive. In all other respects Executive and his or her dependents will be treated the same
as other participants under the terms of such plans. The Welfare Benefit Coverage provided to Executive and his or her dependents pursuant
to this Section 2(d) will run concurrently with any continued coverage available to Executive and dependents under the Consolidated Omnibus
Budget Reconciliation Act of 1985, as amended ("COBRA"), and Executive and such dependents will be provided with notice of their
COBRA rights, if any, within 30 days of termination of employment.

 

(d)           Equity
Compensation Adjustments. Upon a Qualifying Termination, (i) any equity-based compensation awards, other than performance-based
equity awards, granted to Executive by the Company under an Equity Plan prior to such termination that are outstanding will vest
subject to the vesting or retirement vesting provisions provided in the individual equity grant agreements; and (ii) to the extent
that equity awards are subject to further vesting, such unvested award would be forfeited.

 

     

     

    

 

(e)           
Retention Awards. Upon a Qualifying Termination any outstanding retention awards granted to Executive which are outstanding will
become immediately vested and settled pursuant to their terms, subject to the requirements of section 409A of the Code, to the extent
applicable.

 

(f)           
Waiver and Release Requirement. Payment of the benefits under this Section 2 is subject to Executive’s timely execution and
return of the Waiver and Release to the Company, without subsequent revocation during the seven (7)-day period following such execution
date (the "Waiver and Release Revocation Period"), as provided in this Section 2(i). Executive will have fifty (50) days following
(i) his or her Qualifying Termination date to consider, execute and return the Waiver and Release to the Company and will then have the
right to revoke the Waiver and Release during the Waiver and Release Revocation Period. If Executive fails to timely execute and return
the Waiver and Release [Exhibit A] to the Company or revokes such Waiver and Release during the Waiver and Release Revocation Period,
then Executive will forfeit, and will not be entitled to, any of the benefits described in this Section 2 (other than the amounts described
in Section 2(b).

 

SECTION 3: APPLICABLE LAW

 

The validity, interpretation, construction
and performance of this Policy will be governed by and construed in accordance with the substantive laws of the State of Oregon, including
the Oregon statute of limitations, but without giving effect to the principles of conflict of laws of such State.

 

SECTION 4: SEVERABILITY

 

If a court of competent jurisdiction determines that any provision
of this Policy is invalid or unenforceable, then the invalidity or unenforceability of that provision will not affect the validity or
enforceability of any other provision of this Policy and all other provisions will remain in full force and effect.

 

SECTION 5: WITHHOLDING OF TAXES

 

The Company may withhold from any benefits payable under this
Policy all federal, state, city or other taxes as may be required pursuant to any law or governmental regulation or ruling.

 

SECTION 6: NO EMPLOYMENT AGREEMENT

 

Nothing in this Policy changes the at will nature of Executive’s
employment, nor will it give Executive any rights to (or impose any obligations for) continued employment by the Company (or any Affiliate
or Subsidiary) or successor thereto, nor will it give the Company any rights (or impose any obligations) with respect to continued performance
of duties by Executive for the Company (or any Affiliate or Subsidiary) or successor thereto.

 

SECTION 7: NO ASSIGNMENT

 

Executive’s right to receive payments or benefits
hereunder will not be assignable or transferable, whether by pledge, creation of a security interest or otherwise, whether
voluntary, involuntary, by operation of law or otherwise, other than a transfer by will or by the laws of descent or distribution,
and in the event of any attempted assignment or transfer contrary to this Section 7, the Company will have no liability to pay any
amount so attempted to be assigned or transferred.

 

     

     

    

 

SECTION 8: SUCCESSORS

 

This Policy will inure to the benefit
of and be enforceable by Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees,
devisees and legatees.

 

This Policy will be binding upon and inure to the benefit of
the Company, its successors and assigns (including, without limitation, any company into or with which the Company may merge or consolidate).
The Company agrees that it will not effectuate the sale or other disposition of all or substantially all of its assets unless either (a)
the person or entity acquiring such assets or a substantial portion thereof will expressly assume by an instrument in writing all duties
and obligations of the Company hereunder or (b) the Company will provide, through the establishment of a separate reserve therefor, for
the payment in full of all amounts which are or may reasonably be expected to become payable to Executive hereunder.

 

SECTION 9: DEATH

 

In the event of Executive’s death while employed
hereunder, Executive’s beneficiary (or such other person(s) specified by will, Executive estate planning documents, or
applicable laws of descent and distribution) shall receive a lump sum payment within forty-five (45) days of Executive's death equal
to (i) any earned and unpaid Base Salary, (ii) Executive's accrued and unused vacation, and (iii) Executive's Annual Incentive Bonus
to which Executive would have been entitled, prorated to the date of Executive’s death. In addition, the Company shall pay
100% of the COBRA premium for up to 18 months of continuation coverage under the Company's group health plan for the Executive's
surviving spouse and any dependent children, provided they were covered under the Company's group health plan on the date of
Executive's death and timely elect COBRA continuation coverage. Notwithstanding the foregoing, the COBRA subsidy shall terminate and
the Company shall have no further obligation upon the earlier of (i) the date COBRA coverage terminates, and (ii) the date such
subsidy may, in the Company's discretion, violate the nondiscrimination rules of or result in the imposition of penalties under the
Affordable Care Act and the regulations and guidance promulgated thereunder or any other applicable law. Notwithstanding the
provision in Section 11.e, any options granted to Executive pursuant to an Equity Incentive Plan shall, in the event of
Executive’s death while employed, be transferred to Executive’s beneficiary (or such other person(s) specified by will,
Executive estate planning documents, or applicable laws of descent and distribution). The Equity Incentive Plan then in effect will
control when and whether such options have vested and whether and how they may be exercised.

 

     

     

    

 

SECTION 10: PAYMENT OBLIGATIONS ABSOLUTE

 

Except for the requirement of Executive to execute and return to
the Company a Waiver and Release in accordance with Section 2, the Company’s obligation to pay (or cause one of its Affiliates
or Subsidiaries to pay) Executive the amounts and to make the arrangements provided herein will be absolute and unconditional and
will not be affected by any circumstances, including, without limitation, any set off, counter claim, recoupment, defense or other
right which the Company (including its Affiliates and Subsidiaries) may have against Executive or anyone else. All amounts payable
by the Company (including its Affiliates and Subsidiaries hereunder) will be paid without notice or demand. Executive will not be
obligated to seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Policy,
and, subject to the restrictions in Section 8, the obtaining of any other employment will in no event affect any reduction of the
Company’s obligations to make (or cause to be made) the payments and arrangements required to be made under this Policy.
Notwithstanding the foregoing, in the event of a material restatement of the Company’s financial results, or as otherwise
required by law, the Board or a Board committee will evaluate the circumstances and may, in its discretion, recover from Employee
the portion of any performance-based compensation earned by that Employee during the fiscal periods materially affected by the
restatement that would not have been earned had performance been measured on the basis of the restated results, regardless of
fault.

 

SECTION 11: DISPUTE RESOLUTION

 

a.            
Mediation. In the event of any dispute or claim arising out of, in connection with, or related to this Policy, the parties shall
first meet and confer in good faith to fairly and equitably resolve the dispute. Such meeting shall occur within seven days of the date
of notice implementing this dispute resolution process. If the parties cannot resolve the issue within 10 days following such meeting,
then they shall mediate the matter within 30 days after their meeting, under the auspices of Arbitration Service of Portland ("ASP"),
or if that entity fails or declines to serve, such other similar service or organization as agreed by the parties to this Policy.

 

b.            
Arbitration. Should the parties be unable to resolve any such dispute through such mediation, they agree that binding arbitration
shall be the exclusive remedy for any such claim or dispute. Any arbitration shall be conducted through ASP in Portland, Oregon, using
a single arbitrator agreed upon by the parties, or if the parties are unable to agree on an arbitrator, selected by the parties alternatively
striking names off a list of seven arbitrators provided by ASP. Such arbitration shall be conducted under the employment arbitration rules
of ASP. Advance costs of the arbitration shall be divided equally between the parties. If the arbitrator finds, based on all the facts
and circumstances, that the conduct of or the claims made by a party were unreasonable or substantially without merit, the prevailing
party shall be entitled to recover its reasonable attorney’s fees and expenses (including expert witness fees) incurred in connection
with the arbitration and any subsequent litigation, together with the costs of the arbitration, from the party asserting unreasonable
or meritless claims, in addition to all other remedies provided in law or in equity. Judgment on the arbitration award may be entered
by any court of competent jurisdiction. Should any party to this Policy institute any legal action or administrative proceeding against
the other with respect to any Claim or arbitrable dispute related to this Policy without first engaging in binding arbitration as provided
herein, the responding party shall be entitled to recover from the initiating party all damages, costs, expenses, and attorney’s
fees incurred as a result of that breach.

 

     

     

    

 

Approval Documentation

 

	 	Name/Title	

                                                                                Signature

                                                                                 
	Date
	Preparer
	Carl Britsch
	/s/ Carl Britsch
	2022.03.30

	Approver
	John Hopkins
	/s/ John Hopkins	2022.03.31

  

     

     

    

 

EXHIBIT A

 

WAIVER AND RELEASE

 

In exchange for the payment to me of the Severance Benefits
described in Section 2 of the Executive Severance Policy, which I understand is incorporated herein by reference, and of other remuneration
and consideration provided for in the Agreement (the "Separation Benefits"), which is in addition to any remuneration or benefits
to which I am already entitled, I agree to waive all of my claims against and release (i) NuScale Power Corporation and its predecessors,
successors and assigns (collectively referred to as the "Company"), (ii) all of the affiliates (including all parent companies
and all wholly or partially owned subsidiaries) of the Company and their directors, officers, employees, agents, insurers, predecessors,
successors and assigns (collectively referred to as the "Affiliates"), and (iii) the Company’s and its Affiliates’
employee benefit plans and the fiduciaries and agents of said plans (collectively referred to as the "Benefit Plans") from any
and all claims, demands, actions, liabilities and damages arising out of or relating in any way to my employment with or separation from
employment with the Company and its Affiliates other than amounts due pursuant to Section 2 or Section 3 of the Agreement and rights and
benefits I am entitled to under the Benefit Plans. (The Company, its Affiliates and the Benefit Plans are sometimes hereinafter collectively
referred to as the "Released Parties.")

 

I understand that signing this Waiver and Release is an important
legal act. I acknowledge that I am hereby advised in writing to consult an attorney before signing this Waiver and Release. I understand
that, in order to be eligible for the Separation Benefits, I must sign (and return to the Company) this Waiver and Release. I acknowledge
that I have been given at least [21] days to consider whether to accept the Separation Benefits and therefore execute this Waiver and
Release.

 

In exchange for the payment to me of the Separation Benefits,
(1) I agree not to pursue a legal claim in any local, state and/or federal court regarding or relating in any way to my employment with
or separation from employment with the Company and its Affiliates, and (2) I knowingly and voluntarily waive all claims and release the
Released Parties from any and all claims, demands, actions, liabilities, and damages, whether known or unknown, arising out of or relating
in any way to my employment with or separation from employment with the Company and its Affiliates, except to the extent that my rights
are vested under the terms of any employee benefit plans sponsored by the Company and its Affiliates and except with respect to such rights
or claims as may arise after the date this Waiver and Release is executed.

 

This Waiver and Release includes, but is not limited to, claims
and causes of action under: Title VII of the Civil Rights Act of 1964, as amended; the Age Discrimination in Employment Act of 1967,
as amended, including the Older Workers Benefit Protection Act of 1990; the Civil Rights Act of 1866, as amended; the Civil Rights
Act of 1991; the Americans with Disabilities Act of 1990; the Workers Adjustment and Retraining Notification Act of 1988; the
Pregnancy Discrimination Act of 1978; the Employee Retirement Income Security Act of 1974, as amended; the Consolidated Omnibus
Budget Reconciliation Act of 1985, as amended; the Family and Medical Leave Act of 1993; the Fair Labor Standards Act; the
Occupational Safety and Health Act; the Oregon Bureau of Labor and Industry (BOLI) regulation, claims in connection with
workers’ compensation, retaliation or "whistle blower" statutes; and/or contract, tort, defamation, slander,
wrongful termination or any other state or federal regulatory, statutory or common law. Notwithstanding the above, I further
acknowledge that I am not waiving and am not being required to waive any right that cannot be waived under law (including, without
limitation, the right to file an administrative charge or participate in an administrative investigation or proceeding); provided
that I disclaim and waive any right to share or participate in any monetary award resulting from the prosecution of such charge or
investigation or proceeding.

 

     

     

    

 

Further, I expressly represent that no promise or agreement which is
not expressed in this Waiver and Release has been made to me in executing this Waiver and Release, and that I am relying on my own judgment
in executing this Waiver and Release, and that I am not relying on any statement or representation of the Company or its Affiliates or
any of their agents. I agree that this Waiver and Release is valid, fair, adequate and reasonable, is made with my full knowledge and
consent, was not procured through fraud, duress or mistake and has not had the effect of misleading, misinforming or failing to inform
me. I acknowledge and agree that the Company will withhold the minimum amount of any taxes required by federal or state law from the Separation
Benefits otherwise payable to me.

 

Notwithstanding the foregoing, I do not release and expressly
retain (a) all rights to indemnity, contribution, and defense, and directors and officers and other liability coverage that I may have
under any statute, the bylaws of the Company or by other agreement; and (b) the right to any, unpaid reasonable business expenses and
any accrued benefits payable under any Company welfare plan or tax-qualified plan.

 

I acknowledge that payment of the Separation Benefits is not
an admission by any one or more of the Released Parties that they engaged in any wrongful or unlawful act or that they violated any federal
or state law or regulation. I acknowledge that neither the Company nor its Affiliates has promised me continued employment or represented
to me that I will be rehired in the future. I acknowledge that my employer and I contemplate an unequivocal, complete and final dissolution
of my employment relationship. I acknowledge that this Waiver and Release does not create any right on my part to be rehired by the Company
or its Affiliates, and I hereby waive any right to future employment by the Company or its Affiliates.

 

I understand that for a period of seven (7) calendar days following
the date that I sign this Waiver and Release, I may revoke my acceptance of this Waiver and Release, provided that my written statement
of revocation is received on or before that seventh day by [Name and/or Title], [address], in which case the Waiver and Release will not
become effective. If I timely revoke my acceptance of this Waiver and Release, the Company will have no obligation to provide the Separation
Benefits to me. I understand that failure to revoke my acceptance of the offer within seven (7) calendar days from the date I sign this
Waiver and Release will result in this Waiver and Release being permanent and irrevocable.

 

Should any of the provisions set forth in this Waiver and Release
be determined to be invalid by a court, agency or other tribunal of competent jurisdiction, it is agreed that such determination will
not affect the enforceability of other provisions of this Waiver and Release. I acknowledge that this Waiver and Release sets forth the
entire understanding and agreement between me and the Company and its Affiliates concerning the subject matter of this Waiver and Release
and supersede any prior or contemporaneous oral and/or written agreements or representations, if any, between me and the Company or its
Affiliates.

 

     

     

    

 

I acknowledge that I have read this Waiver and Release,
have had an opportunity to ask questions and have it explained to me, am signing this Waiver and Release knowingly and voluntarily and
with the advice of any attorney I have retained to advise me with respect to it, and that I understand that this Waiver and Release will
have the effect of knowingly and voluntarily waiving any action I might pursue, including breach of contract, personal injury, retaliation,
discrimination on the basis of race, age, sex, national origin, or disability and any other claims arising prior to the date of this Waiver
and Release.

 

I represent that I am not aware of any claim by me other than the claims
that are released in this Waiver and Release. By execution of this document, I do not waive or release or otherwise relinquish any legal
rights I may have which are attributable to or arise out of acts, omissions, or events of the Company or its Affiliates which occur after
the date of the execution of this Waiver and Release.

 

Executive’s Signature 

 

Executive’s Printed Name 

 

Date

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