BKV adopts executive severance plan: CEO gets 2x pay, 3x on change in control

BKV Corp

Board adopted the BKV Corporation Executive Severance Plan effective September 24, 2026; initial participants include the CEO and the named executive officers designated as Tier 1 Participants.
Non-change-in-control qualifying termination: 2.0x base salary plus target bonus for the CEO and 1.0x for Tier 1 participants, paid over 24 or 12 months, plus a prorated target bonus.
Termination within two years after a Change in Control: lump sum of 3.0x base salary plus target bonus for the CEO and 2.0x for Tier 1 participants, with full vesting of time-based equity awards.
Health benefit payments equal to the company's share of medical, dental and vision premiums: 24 months for the CEO (12 for Tier 1) normally, rising to 36 and 24 months after a Change in Control.
Severance requires a signed separation agreement with a waiver and release plus compliance with non-compete, non-solicit, confidentiality and non-disparagement covenants; breach requires repayment.

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