Terrestrial Energy enters new employment agreements with CFO, COO, and CTO on April 16, 2026

Terrestrial Energy Inc. /DE/

CFO Brian Thrasher: base salary $350k, annual bonus target 43% of base, eligible for equity awards under 2025 Plan.
COO William Smith: base salary $330k, bonus target 20% of base; CTO David LeBlanc: base salary $250k, bonus target 20% of base.
Without cause termination triggers 6 months base salary severance, pro-rata bonus, accelerated vesting of equity scheduled to vest within 6 months.
COO and CTO also receive continuation of group health/dental benefits for up to 6 months post-termination; CFO receives COBRA premium reimbursement.
Each agreement includes 6-month non-compete and non-solicitation covenants post-termination.

item 5.02 item 9.01

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accession 0001104659-26-044426

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