Company: AWK
Filing Date: 2025-12-17
Form Type: S-4
Source: 0001193125-25-321389
Chunk: 369

Company: American Water Works Company, Inc.
Filing Date: 2025-12-17
Form: S-4
Chunk 369
---
 of the benefit of the bargain by the Company and its shareholders (including any
lost premium), and (ii) in the case of liabilities or damages payable by the Company, shall be based upon the loss of the benefit of the bargain by Parent and its stockholders) incurred or suffered as a result of a Willful Breach by such Party
of its covenants or other agreements set forth in this Agreement or as provided for in the Confidentiality Agreement, in which case the aggrieved Party shall be entitled to all rights and remedies available at law or in equity.

Section 7.2 .

(a) Parent and the Company agree that:

(i) if this Agreement is terminated by (A) Parent pursuant to (Company Adverse Recommendation Change) or (B) the Company pursuant to (Company Superior Proposal); or

(ii) (A) if this Agreement is terminated (1) by Parent pursuant to (Breach of Company Representations or Covenants) and the breach or other circumstance giving rise to such termination was willful or (2) by the Company or Parent pursuant to (End Date) or
(No Company Shareholder Approval), (B) prior to any such termination, any Person shall have made a Company Competing Proposal which shall have been publicly announced or disclosed and not publicly
withdrawn, and (C) within twelve (12) months after such termination of this Agreement, the Company shall have entered into a Company Competing Agreement,

then the Company shall pay to Parent the Company Termination Fee. Any Company Termination Fee shall be paid to Parent by the Company in
immediately available funds (x) upon termination of this Agreement in the case of a termination pursuant to , (y) within five (5) Business Days after termination in the case of a termination
pursuant to and (z) upon the execution of or entry into a Company Competing Agreement in the case of a termination pursuant to .

(b) Parent and the Company agree that:

(i) if this Agreement is terminated by (A) the Company pursuant to (Parent Adverse Recommendation Change) or (B) Parent pursuant to (Parent Superior Proposal); or

(ii) (A) if this Agreement is terminated (1) by the Company pursuant to
(Breach of Parent Representations or Covenants) and the breach or other circumstance giving rise to such termination was willful or (2) by the Company or Parent pursuant to (End Date) or
(No

A-69

Parent Stockholder Approval), (