Company: AWK
Filing Date: 2025-10-27
Form Type: 425
Source: 0001193125-25-250649
Chunk: 114

Company: American Water Works Company, Inc.
Filing Date: 2025-10-27
Form: 425
Chunk 114
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ii) employee benefits (excluding defined benefit pension benefits, retiree
health or welfare benefits, equity-based compensation or change in control, transaction or retention bonuses (collectively, the “”)) that are substantially comparable in the aggregate to the employee benefits
(other than the Excluded Benefits) provided to such Continuing Employee under Company Benefit Plans as of immediately prior to the Closing Date. In the case of any Continuing Employee whose terms and conditions of employment are subject to a
collective bargaining agreement, Parent shall provide for such continued employment to be on such terms and conditions as may be required under that collective bargaining agreement. Nothing contained in this
whether express or implied shall require Parent, any Parent Subsidiary or the Surviving Corporation to continue the employment of any Continuing Employee.

(b) Any Continuing Employee whose employment is terminated by Parent, the Company or any Affiliate thereof without cause during the twelve
(12)-month period following the Effective Time, and who is not eligible to receive severance benefits pursuant to an individual agreement with the Company or a Company Subsidiary, shall be eligible to receive severance benefits as specified in
of the Company Disclosure Schedule, subject to the Continuing Employee entering into a customary release of claims.

(c) For purposes of vesting, eligibility to participate and accrual and level of benefits under the employee benefit plans of Parent and the
Parent Subsidiaries providing benefits to any Company Employees after the Effective Time (the “”), each Company Employee shall be credited for his or her years of service with the Company and the Company Subsidiaries and
their respective predecessors before the Effective Time, to the same extent as such Company Employee was entitled, before the Effective Time, to credit for such service under any similar Company employee benefit plan in which such Company Employee
participated or was eligible to participate immediately prior to the Effective Time; , , that the foregoing shall

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not apply to the extent that its application would result in a duplication of benefits or to benefit accrual under a defined benefit pension plan or retiree welfare benefit plan unless otherwise
required by a collective bargaining agreement. In addition, and without limiting the generality of the foregoing, (i) Parent shall use commercially reasonably efforts to cause each Company Employee to be immediately eligible to participate,
without any waiting time, in any and all New Plans to the extent coverage under such New Plan replaces coverage under a Company Benefit Plan set forth on of the Company Disclosure Schedule in which such
Company Employee participated immediately before the Effective Time (such plans, collectively