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Exhibit 10.4
PERFORMANCE SHARE AGREEMENT
PURSUANT TO THE
GREAT PLAINS ENERGY INCORPORATED
LONG-TERM INCENTIVE PLAN
EFFECTIVE MAY 7, 2002 (THE PLAN)
THIS AGREEMENT dated as of
____________, and entered into, in duplicate by and between GREAT
PLAINS ENERGY INCORPORATED (the Company) and _______ (the
Grantee).
WHEREAS, all capitalized
terms used herein shall have the respective meanings set forth in
the Plan; and
WHEREAS, the Grantee is
employed by the Company or one of its subsidiaries in a key
capacity, and the Company desires to (i) encourage the Grantee to
acquire a proprietary and vested long-term interest in the growth
and performance of the Company, (ii) provide the Grantee with the
incentive to enhance the value of the Company for the benefit of
its customers and shareholders, and (iii) encourage the Grantee to
remain in the employ of the Company as one of the key employees
upon whom the Company's success depends;
NOW, THEREFORE, in
consideration of the covenants and agreements herein contained, the
parties hereto agree as follows:
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1.
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Performance Share Award. The
Company hereby grants to the Grantee ________ Performance Shares
for the three-year period ending 2007 (the Award Period). The
Performance Shares may be earned based upon the Grantee's
performance as set forth in Appendix A.
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2 .
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Terms and Conditions
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