RESTRICTED STOCK AGREEMENT
Exhibit
10.1.20
THIS RESTRICTED STOCK AGREEMENT (the
“Award Agreement”) is entered into, by and between Great Plains Energy
Incorporated (the “Company”) and _______________ (the
“Grantee”). All capitalized terms in this Agreement that are not
defined herein shall have the meanings ascribed to in the Company’s Amended
Long-Term Incentive Plan, as amended as of May 1, 2007 (the
“Plan”).
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;
and
WHEREAS,
the Company wishes to grant to Grantee, and Grantee wishes to accept, an Award
of Restricted Shares as approved on _________________, pursuant to the terms and
conditions of the Plan and this Award Agreement.
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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Restricted Stock
Award. The Company hereby grants to the Grantee an Award
of _______________________________
(_____) shares of Restricted Stock subject to the restrictions
provided herein.
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2.
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Terms and
Conditions. The Award of Restricted Stock is subject to
the following terms and conditions:
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a.
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The
Restricted Stock granted hereunder will be held in book entry and may not
be sold, transferred, pledged, hypothecated or otherwise transferred other
than as provided in the Plan. The restrictions will terminate
on ____________
(Restriction Period).
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b.
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Except
as otherwise specifically provided herein, the Award of Restricted Stock
is subject to and governed by the applicable terms and conditions of the
Plan, which are incorporated herein by
reference.
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GREAT
PLAINS ENERGY INCORPORATED
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By: ________________________________
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By: ________________________________
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Xxxxxxx
X. Xxxxxxx
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___________________
Grantee
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Dated:
________________________________
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