Company: AWK
Filing Date: 2025-12-17
Form Type: S-4
Source: 0001193125-25-321389
Chunk: 257

Company: American Water Works Company, Inc.
Filing Date: 2025-12-17
Form: S-4
Chunk 257
---
 Exchange Agent will deliver in exchange for such lost, stolen or destroyed certificate (i) the applicable Merger Consideration with
respect to the shares of Company Common Stock formerly represented thereby, (ii) any cash in lieu of fractional shares of Company Common Stock to which such holders are entitled pursuant to and
(iii) any unpaid dividends and distributions to which such holders are entitled pursuant to as the case may be, deliverable in respect thereof pursuant to this Agreement.

(i) . The Exchange Agent shall invest any cash in the Exchange Fund, as directed by Parent, on a daily
basis; that no gain or loss thereon shall affect the amounts payable to the holders of shares of Company Common Stock pursuant to the other provisions of this , and such investment shall be in obligations of, or
guaranteed by, the United States of America, in commercial paper obligations of issuers organized under the Law of a state of the United States of America, rated A-1 or
P-1 or better by Moody’s Investors Service, Inc. or Standard & Poor’s Ratings Service, respectively, or in certificates of deposit, bank repurchase agreements or bankers’ acceptances
of commercial banks with capital exceeding $10,000,000,000, or in mutual funds investing in such assets. Any interest and other income resulting from such investments shall be paid to, and be the property of, Parent. To the extent that there are any
losses with respect to any investments of the funds deposited with the Exchange Agent, or the funds shall for any other reason not be sufficient for the Exchange Agent to make prompt payment of any amounts contemplated to be paid pursuant to this
, Parent shall promptly reimburse any such loss or otherwise provide additional funds so as to ensure that the funds are at all times maintained at a level sufficient for the Exchange Agent to make such payments contemplated by this
.

Section 2.3 .

(a) . At the Effective Time, by virtue of the Merger and actions taken by the Company Board or a
duly authorized committee thereof, each Company Equity Award outstanding

A-7

as of immediately prior to the Effective Time shall be treated as follows, automatically and without any required action on the part of the recipient or holder thereof:

(i) Each Company Stock Option, whether vested or unvested, that is outstanding immediately prior to the Effective Time shall,
as of the Effective Time, be assumed and converted into an option (each, as so converted and adjusted as follows, an “”) to acquire, on the same