Description of Compensatory Arrangements for Former Director and Executive Officers of Great Plains Energy
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Summary
This document outlines compensatory arrangements for Dr. William K. Hall, a former director of Great Plains Energy, and for the company's executive officers. Dr. Hall received a token of appreciation and a $5,000 charitable donation in his name upon his departure from the board. Additionally, the Compensation and Development Committee approved a new executive health management benefit program for all officers of Great Plains Energy and KCP&L, with an estimated annual cost of $50,000.
EX-10.1.24 10 ex10_1-24.htm DIRECTOR & OFFICER COMPENSATORY ARRANGEMENTS ex10_1-24.htm
Exhibit 10.1.24
Description of Certain Former Director and
Named Executive Officer Compensatory Arrangements
Dr. William K. Hall declined to stand for reelection to the Great Plains Energy Board of Directors at the May 6, 2008, annual shareholders meeting. On that date, the Great Plains Energy Board of Directors recognized his service as a director by providing a nominal value token of appreciation and committing to making a $5,000 donation in his name to a charitable organization of his choice.
On May 5, 2008, the Compensation and Development Committee approved an executive health management benefit program to be made available to all officers of Great Plains Energy and KCP&L, including the named executive officers. The total annual cost of the program is estimated to be approximately $50,000.
