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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
paymen
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