Exhibit 10.1.11
Discretionary Bonus
Agreement
This Agreement
is entered into effective as of May 5, 2009, by and between Great
Plains Energy Incorporated (the “Company”) and Terry
Bassham (the “Executive”).
WHEREAS, the
independent members of the Board of Directors of the Company on May
5, 2009, authorized the payment of certain discretionary cash
bonuses (the “Bonuses) to the Executive; and
WHEREAS, the
Company and the Executive wish to memorialize the terms and
conditions of the Bonuses.
NOW THEREFORE,
in consideration of the premises, and of other good and valuable
consideration, the receipt and sufficiency of which are hereby
acknowledged, the Company and the Executive agree as
follows:
1.
Payment of Bonuses . The Company shall pay the
Executive a Bonus of $92,500 in cash, less all applicable
employment, payroll and other withholdings, on each of February 10,
2010 and February 10, 2011.
2.
Payment Not Conditioned On Continued Employment
. Except as set forth in this Agreement, the
Company’s obligation to pay the Bonuses is absolute, and is
not conditioned on the Executive’s continued employment with
the Company.
3.
Bonuses Subject t
