Ex.10.1
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PERFORMANCE SHARE AGREEMENT

THIS PERFORMANCE SHARE AGREEMENT (the “Award Agreement”) is entered into as of
March 5, 2013 (the “Grant Date”), by and between Great Plains Energy
Incorporated (the “Company”) and _______________________ (the “Grantee”). All
capitalized terms in this Award Agreement that are not defined herein shall have
the meanings ascribed to such terms in the Company's Amended Long-Term Incentive
Plan, as amended as of May 3, 2011 (the “Plan”).

WHEREAS, the Grantee is employed by the Company or one of its subsidiaries in a
key capacity, and the Company desires to (i) encourage the Grantee to acquire a
proprietary and vested long-term interest in the growth and performance of the
Company, (ii) provide the Grantee with an incentive to enhance the value of the
Company for the benefit of its customers and shareholders, and (iii) encourage
the Grantee to remain in the employ of the Company as one of the key employees
upon whom the Company's success depends; and

WHEREAS, the Company wishes to grant to Grantee, and Grantee wishes to accept,
an Award of Performance Shares as approved on February 12, 2013, pursuant to the
terms and conditions of the Plan and this Award Agreement.

NOW, THEREFORE, in consideration of the covenants and agreements herein
contained, the parties hereto agree as follows:

1.
Performance Share Award. The Company hereby grants to the Grantee an Award of
_________ Performance Shares for the three-year period ending December 31, 2015,
(the “Award Period”). The Performance Shares may be earned based upon the
Company's performance as set forth in Appendix A.

2.
Terms and Conditions. The Award of Performance Shares is subject to the
following terms and conditions:

a.
The Performance Shares shall be credited with a hypothetical cash credit equal
to the per share dividend paid on the Company's common stock as of the date of
any such dividend paid during the entire Award Period, and not just the period
of time after the Grant Date. At the end of the Award Period and provided the
Performance Shares have not been forfeited in accordance with the terms of the
Plan, the Grantee shall be paid, in a lump sum cash payment, the aggregate
amount of such hypothetical dividend equivalents.

    
b.
No Company common stock will be delivered under this or any other outstanding
awards of performance shares until either (i) the Grantee (or the Grantee's
successor) has paid to the Company the amount that must be withheld under
federal, state and local income and employment tax laws or (ii) the Grantee and
the Company have made satisfactory provision for the payment of such taxes. The
Company shall first withhold such taxes from the cash portion, if any, of the
Award. To the extent the cash portion of the Award is insufficient to cover the
full withholding amount, unless otherwise elected by the Grantee or not
permitted by the Compensation and Development Committee (which may disallow
share withholding at any time), the remaining tax withholding will be
accomplished through the Company's withholding of a number of shares having a
Fair Market Value equal to the Company's applicable tax withholding obligation.

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As an alternative to the Company retaining that number of shares (valued at
their Fair Market Value) necessary to satisfy the Company's applicable tax
withholding obligations, the Grantee or the Grantee's successor may elect to
make a cash payment to the Company in an amount equal to the Company's
applicable tax withholding obligation. If the Grantee desires to satisfy his or
her remaining tax withholding liability through a cash payment to the Company,
or to have shares withheld having a Fair Market Value in excess of the Company's
minimum state income tax withholding obligation (but in no event in excess of
the state's highest marginal tax rate), the Grantee must make a withholding
election on the form provided by the Corporate Secretary of the Company and
return it to the designated person set forth on the form no later than the date
specified thereon (which shall in no event be more than thirty (30) days from
the Grant Date of the Award). Following satisfaction of all tax withholding
liabilities, the Company will release or deliver, as applicable, the shares owed
to the Grantee.

c.
The Company will, to the full extent permitted by law, have the discretion based
on the particular facts and circumstances to require that the Grantee reimburse
the Company for all or any portion of any awards if and to the extent the awards
reflected the achievement of financial results that were subsequently the
subject of a restatement, or the achievement of other objectives that were
subsequently found to be inaccurately measured, and a lower award would have
occurred based upon the restated financial results or inaccurately measured
objectives. The Company may, in its discretion, (i) seek repayment from the
Grantee; (ii) reduce the amount that would otherwise be payable to the Grantee
under current or future awards; (iii) withhold future equity grants or salary
increases; (iv) pursue other available legal remedies; or (v) any combination of
these actions. The Company may take such actions against any Grantee, whether or
not such Grantee engaged in any misconduct or was otherwise at fault with
respect to such restatement or inaccurate measurement. The Company will,
however, not seek reimbursement with respect to any awards paid more than three
years prior to such restatement or the discovery of inaccurate measurements, as
applicable.

d.
Except as otherwise specifically provided herein, the Award of Performance
Shares is subject to and governed by the applicable terms and conditions of the
Plan, which are incorporated herein by reference.

1.
Amendment. This Agreement may be amended only in the manner provided by the
Company evidencing both parties' agreement to the amendment. This Agreement may
also be amended, without prior notice to Grantee and without Grantee's consent
prior to any Change in Control by the Committee if the Committee in good faith
determines the amendment does not materially adversely affect any of Grantee's
rights under this Agreement.

2.
Entire Agreement. This Agreement contains the entire agreement between the
parties with respect to the subject matter hereof, and supersedes all prior
agreements or understandings between the parties relating thereto.

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GREAT PLAINS ENERGY INCORPORATED
 
 
 
By: _____________________________________
________________________________________
       Terry Bassham
_______________________
 
Grantee
 
 
 
March _____, 2013

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APPENDIX A

2013 - 2015 Performance Criteria

Objective
Weighted (Percent)
Threshold (50%)
Threshold (100%)
Stretch (150%)
Superior (200%)
1.
Three-year (2013-2015) Average FFO to Total Adjusted Debt1
50%
14.5%
15.0%
15.5%
16.0%
2.
Total Shareholder Return (TSR) versus EEI Index2
50%
See Below

_____________________________
¹ S&P calculation of FFO to total adjusted debt. This is a financial measure
that is not calculated in accordance with generally accepted accounting
principles ("GAAP").
² TSR is compared to an industry peer group of the Edison Electric Institute
(EEI) index of electric companies during the three-year measurement period from
2013-2015. At the end of the three-year measurement period, the Company will
assess its total shareholder return compared to the EEI index. Depending on how
the Company ranks, the executive will receive a percentage of the performance
share grants according to the following table:
Percentile Rank
Payout Amount
(Percent of Target)
75th and above
200%
60th to 74th
150%
40th to 59th
100%
25th to 39th
50%
24th and below
0%

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