Exhibit 10.1.10
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 February 6, 2007 , 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 2009 (the Award Period). The Performance
Shares may be earned based upon the Company’s performance as
set forth in Appendix A.
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2.
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Terms
and Conditions. The
grant of Performance Shares is subject to the following terms and
conditions:
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a.
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Payment
of Award . As soon
as practicable after the end of the Award Period, the Compensation
and Development Committee of the Board of Directors (the Committee)
shall for purposes of this Agreement determine the Company’s
performance as set forth in Appendix A. The number of performance
shares shall be adjusted in accordance with the provisions provided
in Appendix A.
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b.
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Form of
Payment. The payment
to which Grantee shall be entitled at the end of
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