Compensation Arrangements With Directors and Named Executive Officers (May 9th, 2008)
In January 2008, the Compensation and Development Committee of the Great Plains Energy Board clarified the treatment of outstanding grants of restricted stock and performance shares held by employees of Strategic Energy under Great Plains Energy's Long-Term Incentive Plan dated as of May 7, 2002 (Plan) in order to provide that such awards would vest, and thus would become payable, in the event that Great Plains Energy were to cease to own, directly or indirectly, more than 80% of the outstanding equity interest in Strategic Energy. Shahid Malik, who is Executive Vice President of Great Plains Energy and the President and Chief Executive Officer of Strategic Energy, is a "named executive officer" of Great Plains Energy (as defined in applicable SEC regulations) and a participant in the Plan.
Change in Control Severance Agreement (November 7th, 2006)
THIS CHANGE IN CONTROL SEVERANCE AGREEMENT is entered into as of the ___ day of _________, 2006, among Great Plains Energy Incorporated, a Missouri corporation, ("Great Plains Energy"), Strategic Energy, L.L.C., a Delaware limited liability company, (the "Company") and Shahid Malik ("Executive").
Compensation Arrangements of Directors and Certain Executive Officers Updated May 3, 2005 (May 6th, 2005)
Note: This document is an update to the document filed as Exhibit 10.1.n to the combined annual report on Form 10-K for the year ended December 31, 2004 separately filed by Great Plains Energy and Kansas City Power & Light Company (KCP&L). The update reflects, among other things, changes to director compensation and compensation of Ms. Bielsker and Latz, and the compensation arrangements of Ms. Curry and Messrs. Bassham and Marshall.
Compensation Arrangements of Directors and Certain Executive Officers (March 7th, 2005)
Compensation is paid to non-employee members of the Board. An annual retainer of $50,000 will be paid in 2005 ($25,000 of which will be used to acquire shares of Great Plains Energy common stock through Great Plains Energy's Dividend Reinvestment and Direct Stock Purchase Plan on behalf of each non-employee member of the Board). An additional retainer of $10,000 will be paid annually to the lead director. Also, a retainer of $3,000 will be paid to those non-employee directors serving as chair of a committee. Attendance fees of $1,000 for each Board meeting and $1,000 for each committee meeting attended will also be paid in 2005. Directors may defer the receipt of all or part of the cash retainers and meeting fees. Great Plains Energy also provides life and medical insurance coverage for each non-employee member of the Board.
Severance Agreement (March 7th, 2005)
THIS SEVERANCE AGREEMENT (this "Agreement") is entered into as of the 10th day of November, 2004, by and among Great Plains Energy Incorporated, a Missouri corporation, ("Great Plains Energy"), Strategic Energy, L.L.C. a Delaware limited liability company, (the "Company") and Shahid J. Malik ("Executive").
Employment Agreement (March 7th, 2005)
This Employment Agreement (this "Agreement") is made as of November 10, 2004 ("Effective Date") by and among Strategic Energy, L.L.C. a Delaware limited liability company, whose address is Two Gateway Center, 9th Floor, Pittsburgh, PA 15222 ("Employer") and Great Plains Energy Incorporated ("Great Plains Energy"), whose address is 1201 Walnut, Kansas City, Missouri 64106-2124, and Shahid J. Malik; an individual (the "Executive").