Company: AWK
Filing Date: 2025-12-17
Form Type: S-4
Source: 0001193125-25-321389
Chunk: 196

Company: American Water Works Company, Inc.
Filing Date: 2025-12-17
Form: S-4
Chunk 196
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 more than $200 million in the aggregate of its properties or assets, including the capital stock of subsidiaries, other than (i) dispositions among                                             
 American Water and wholly owned subsidiaries, (ii) dispositions among subsidiaries, (iii) dispositions of obsolete equipment or assets or dispositions of assets being replaced, in each case in the ordinary course of business consistent 
 with past practice, (iv) dispositions according to the terms of restructuring and divestiture plans mandated by any governmental entity, (v) liens arising under first mortgage bonds or similar indentures and related securities and      
 agreements of operating subsidiaries, (vi) under existing credit facilities that provide for the cash collateralization of letters of credit upon a default, and                                                                            |

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| (vii) dispositions of accounts receivable of subsidiaries under accounts receivable financing arrangements and liens associated therewith; |

| • |     | (i) materially increase the compensation or other benefits (including equity-based awards), payable or provided                                                                                                                                      
 to directors or officers with a title of Vice President and above, (ii) terminate the employment of any American Water officer with a title of Senior Vice President and above other than for cause, (iii) enter into any employment, change of      
 control or retention agreement with any current or future employee, (iv) establish, adopt, enter into, accelerate any rights or benefits under, or amend (other than any amendment that is immaterial or administrative in nature) any plan, policy, 
 program or arrangement for the benefit of any current or former directors, officers or employees or any of their beneficiaries, except as permitted pursuant to clause (iii) above, or (v) enter into, accelerate any rights or benefits under,      
 amend or renew any collective bargaining agreement or any other labor-related agreement or arrangement with any union except in the ordinary course of business consistent with past practice, except, in each case, as required by the terms of an  
 American Water benefit plan specified in the confidential disclosure schedule delivered by American Water, by any applicable collective bargaining agreement, by applicable Law or in the ordinary course of business consistent with past practice; |

| • |     | waive, release or amend the restrictive covenant obligations of any current or former director, officer, 
 employee, or natural independent contractor of American Water or any subsidiary;                         |

| • |     | engage in any “plant closing,” “mass layoff” or similar act requiring notice under the         
 Worker Adjustment and Retraining Notification Act, or any similar federal,