Exhibit 10.1.10
Bonus Agreement
This Agreement
is entered into effective as of May 5, 2009, by and between Great
Plains Energy Incorporated (the “Company”) and Michael
J. Chesser (the “Executive”).
WHEREAS, the
independent members of the Board of Directors of the Company on May
5, 2009, authorized the payment of a cash bonus (the
“Bonus”) in lieu of a full grant of restricted stock
pursuant to the Company’s Long-Term Incentive Plan (the
“LTIP”) and the associated Long-Term Incentive Plan
awards Standards and Performance Criteria to the Executive;
and
WHEREAS, the
Company and the Executive wish to memorialize the terms and
conditions of the Bonus.
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 Bonus . The Company shall pay the
Executive a Bonus on February 10, 2012 equal to the sum of
$165,025, plus an additional amount of cash equal to the value
(calculated using the closing price of Great Plains Energy common
stock as of February 10, 2012) of the number of shares of Great
Plains Energy common stock resulting from dividends paid and
reinvested through the Dividend Reinvestment and Direct Stock
Purchase Plan on 11,500 shares of Great Plains Energy stock during
the period of May 5, 2009 and February 10, 2012.
2.
Paymen
