---
schema_version: "secwatch.filing_event.v1"
accession: "0001845437-23-000014"
form_type: "8-K"
ticker: "NPWR"
cik: "0001845437"
company_name: "NET Power Inc."
filed_at: "2023-08-25T23:59:59+00:00"
generated_at: "2026-06-11T03:39:09.192921+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Net Power adopts Executive Severance Plan with 1x to 1.5x severance multiples

## Summary
- Board adopted severance plan on Aug 21, 2023; provides cash severance for eligible executives on qualifying termination.
- Outside change-in-control: 1x base salary plus average bonus, pro-rata bonus, and 12 months COBRA premium payment.
- During change-in-control protection period: 1.5x base salary plus average bonus, pro-rata bonus, and 18 months COBRA.
- Plan supersedes all prior individual severance agreements; includes non-compete, non-solicit, and confidentiality covenants.
- Severance conditioned on execution of release and continued compliance with restrictive covenants.

## SEC filing metadata
- accession: 0001845437-23-000014
- form_type: 8-K
- ticker: NPWR
- cik: 0001845437
- company_name: NET Power Inc.
- filed_at: 2023-08-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1845437/000184543723000014/0001845437-23-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1845437/000184543723000014/npwr-20230821.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001845437-23-000014
- JSON: https://secwatch.observer/filing/0001845437-23-000014.json
- Plain text: https://secwatch.observer/filing/0001845437-23-000014.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.