Document:

WR-12.31.2014-10K Exhibit 10g-FormofPerformanceBasedRestrictedShareUnitsAward

Exhibit 10 (g)

WESTAR ENERGY 
2011 LONG-TERM INCENTIVE AND SHARE AWARD PLAN 
 
PERFORMANCE RESTRICTED SHARE UNITS AWARD
	
		
	Name:
	«Officer»

	Target Award:
	«Target Number_of_Restricted Share Units»

	Grant Date:
	____________________________________

	Performance Period
	____________________________________

Westar Energy, Inc. (the "Company") hereby grants to you «Target Number_of_Restricted Share Units» Restricted Share Units pursuant to the Company's 2011 Long-Term Incentive and Share Award Plan (the "Plan"), a copy of which has been delivered to you and made a part hereof, subject to the following terms and conditions and the terms and conditions of the Plan.  The number of Restricted Share Units granted under this paragraph is referred to in this Award as the "Target Award."  The terms used in this Award shall have the same meaning as in the Plan, except as otherwise specified herein, and except that "Restricted Share Units" shall refer only to the Restricted Share Units granted under this Award.
		
	1.
	Restricted Share Units.  Subject to the terms and conditions hereof and as contained in the Plan, each Restricted Share Unit earned by you in accordance with Section 3 below, shall represent the right to receive one share of the Company's common stock.

		
	2.
	Vesting.  The Restricted Share Units earned by you in accordance with Section 3 below shall vest on January 1, «Year_Following_End_of_Performance_Period» (the "Scheduled Vesting Date") if your employment continues uninterrupted through such date.

		
	3.
	Performance Criteria and Adjustment of Target Award.  

		
	(a)
	The Target Award to be earned by you shall be adjusted upward or downward based upon the Company's "Total Shareholder Return" (as defined below) compared to Total Shareholder Return for the "Peer Group" (as defined below) during the performance period indicated above (the "Performance Period"), as shown in the following chart: 

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Exhibit 10 (g)

	
		
	Company Total Shareholder Return Relative to Peer Group:
	Payout as Percentage of Target Award

	90th percentile or above
	200%

	50th percentile
	100%

	25th percentile
	25%

Interpolation shall be used to determine the payout as a percentage of the Target Award if the Company's performance falls between the percentiles shown. You shall not receive any portion of the Target Award if the Company's Total Shareholder Return during the Performance Period is below the 25th percentile.  You shall receive 200% of the Target Award if the Company's Total Shareholder Return during the Performance Period ranks at the 90th percentile or above.
		
	(b)
	Total Shareholder Return shall be determined by the following formula: Total Shareholder Return equals Ending Stock Price minus Beginning Stock Price plus Dividends Paid, divided by Beginning Stock Price.

Beginning Stock Price shall mean the average closing price on the applicable stock exchange of one share of stock for the calendar month immediately preceding the first day of the Performance Period.  
Ending Stock Price shall mean the average closing price on the applicable stock exchange of one share of stock for the calendar month in which the last day of the Performance Period occurs.
Dividends Paid shall mean the total of all dividends paid on one share of stock during the Performance Period.
		
	(c)
	The Company's percentile rank shall be determined by listing from highest Total Shareholder Return to lowest Total Shareholder Return, each company in the Peer Group, including the Company.  The highest company would have a 100 percentile rank and the lowest company would have a zero percentile rank.  Each company in between would have a percentile rank equal to 100 divided by N minus 1 (100/(N-1)), where N is the total number of companies in the Peer Group, plus the percentile rank of the company below it. 

		
	(d)
	The Peer Group consists of the companies listed on Exhibit A attached to this Award.  Companies that cease to be publicly traded during the Performance Period shall be removed from the Peer Group for purposes of measuring the Company's relative performance.  The Committee (as defined in the Plan) reserves the right to add one or more companies to the Peer Group if the 

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Exhibit 10 (g)

number of companies in the Peer Group decreases below twelve during the Performance Period. 
4.Dividend Equivalents.  
		
	(a)
	Each Restricted Share Unit earned by you in accordance with Section 3 above includes the right to receive dividend equivalents in an amount equal to the amount of the cash dividends that you would have received if you owned the number of shares of the Company's common stock represented by such Restricted Share Unit during the Performance Period or the portion of such period until such Restricted Share Unit is forfeited pursuant to Section 8 below, and such dividend equivalents shall be accrued and paid to you following the end of the Performance Period as provided in Section 5 below.

		
	(b)
	If during the Performance Period any shares of the Company's common stock or other property (other than cash) are distributed to holders of the Company's common stock in a pro rata distribution other than as a result of a stock split, you shall be entitled to receive the number of shares of the Company's common stock or the other property that you would have received if you owned the number of shares of the Company's common stock represented by the Restricted Share Units earned by you in accordance with Section 3 above, and such shares or other property shall be paid to you following the end of the Performance Period as provided in Section 5 below.

		
	(c)
	If during the Performance Period any shares of the Company's common stock are distributed to holders of the Company's common stock as a result of a stock split, your Target Award shall be increased by a number of additional Restricted Share Units equal to the number of shares of the Company's common stock that you would have received if you owned the number of shares of the Company's common stock represented by your Target Award.  Such additional Restricted Share Units shall be subject to the same terms, conditions and restrictions as the original Restricted Share Units covered by this Award.

5.Payment and Withholding.
		
	(a)
	As soon as administratively practicable following, but in no event later than thirty days of, the Scheduled Vesting Date, either certificate(s) evidencing the shares of the Company's common stock represented by those Restricted Share Units you have earned in accordance with Section 3 above shall be delivered to you (without any legend to reflect terms, conditions and restrictions hereunder) or such shares shall be credited to an account maintained for you, and dividend 

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Exhibit 10 (g)

equivalents and other distributions will be paid to you; provided, however, that the Company may, in its sole discretion, permit you to elect to defer receipt of such shares and dividend equivalents pursuant to the Westar Energy, Inc. 2005 Deferred Compensation Plan.
		
	(b)
	In the case of your death, shares to be delivered or credited pursuant to subsection (a) above following the Scheduled Vesting Date and vesting pursuant to Section 6 below, shall instead be made to the beneficiary designated in writing by you pursuant to a form of designation provided by the Company, or, if none, to your estate.

		
	(c)
	The Company, if required, shall withhold taxes, at a rate not to exceed the minimum statutory rate, on any income realized in connection with the payment of Restricted Share Units or dividend equivalents.

		
	6.
	Separation from Service.  Except as provided below in this Section 6 and in Section 7, you shall be eligible for payment of awarded Restricted Share Units, as determined in Section 3, only if your employment with the Company continues uninterrupted through the Scheduled Vesting Date set forth in Section 2 above.

		
	(a)
	If you have a Separation from Service as defined in Internal Revenue Code section 409A prior to the Scheduled Vesting Date on account of your death or Disability (as defined below), your Target Award shall be prorated based on the number of days from the Grant Date to the date of your Separation from Service, and the prorated Target Award (and related dividend equivalents) shall be adjusted as provided in Section 3 above based on the Company's Total Shareholder Return for the entire Performance Period, and paid following the Scheduled Vesting Date as provided in Section 5 above.  For purposes of this Award, the term "Disability" means, (1) you are unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, or (2) you are, by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of the Company, or (3) you are determined to be totally disabled by the Social Security Administration. 

		
	(b)
	If you have a Separation from Service prior to the Scheduled Vesting Date on account of your Retirement (as defined below), your Target Award shall be prorated based on the number of days from the Grant Date to the date of your 

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Exhibit 10 (g)

Separation from Service, and the prorated Target Award (and related dividend equivalents) shall be adjusted as provided in Section 3 above based on the Company's Total Shareholder Return for the entire Performance Period, and paid following the Scheduled Vesting Date as provided in Section 5 above.  For purposes of this Award, the term “Retirement” means your cessation of services as an employee of the Company on or after the attainment of 60 years of age and 10 years of "Service" as defined in the Westar Energy, Inc. Retirement Plan.
		
	7.
	Change in Control.  Notwithstanding anything herein to the contrary, if a "Change in Control," as defined below, occurs prior to the Scheduled Vesting Date, you shall be entitled to receive your Target Award, adjusted as provided in Section 3 above, provided that for purposes of calculating Total Shareholder Return, Ending Stock price shall mean the average closing price on the applicable stock exchange of one share of stock for the twenty trading days immediately prior to the effective date of the Change in Control, and the Performance Period shall end on the effective date of the Change in Control.  Certificate(s) evidencing the shares of the Company's common stock represented by the Restricted Share Units shall be delivered to you (without any legend to reflect terms, conditions and restrictions hereunder) or such shares shall be credited to an account maintained for you, or the consideration to be received upon consummation of the Change in Control shall be paid to you, as soon as administratively practicable following, but in no event later than thirty days of, the effective date of the Change in Control.  Section 8(a) of the Plan shall not apply to the Restricted Share Units covered by this Award.

The term “Change in Control” means any one of events (a), (b) or (c):
		
	(a)
	Change in the Ownership of the Company.

Any one person, or more than one person acting as a group (as defined below in (d)) acquires ownership of stock of the Company that, together with stock held by such person or group, constitutes more than 50 percent of the total fair market value or total voting power of the stock of the Company.
		
	(b)
	Change in the Effective Control of the Company.

Either (i) any one person, or more than one person acting as a group (as defined below in (d)), acquire (or has acquired during the 12- month period ending on the date of the most recent acquisition by such person or persons) ownership of stock of the Company possessing 35 percent or more of the total voting power of the stock of the Company; or (ii) a majority of members of the Company’s Board of Directors is replaced during any 12-month period by 

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Exhibit 10 (g)

directors whose appointment or election is not endorsed by a majority of the members of the Company’s Board of Directors prior to the date of the appointment or election.
		
	(c)
	Change in the Ownership of a Substantial Portion of the Company’s Assets.

Any one person, or more than one person acting as a group (as defined below in (d)), acquire (or has acquired during the 12- month period ending on the date of the most recent acquisition by such person or persons) assets from the Company that have a total gross fair market value (“gross fair market value” means the value of the assets of the Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets) equal to or more than 40 percent of the total gross fair market value of all of the assets of the Company immediately prior to such acquisition or acquisitions.
		
	(d)
	Persons Acting as a Group.

Persons will not be considered to be acting as a group solely because they purchase or own stock, or purchase assets, of the same corporation at the same time, or as a result of the same public offering. However, persons will be considered to be acting as a group if they are owners of a corporation that enters into a merger, consolidation, purchase or acquisition or stock or assets, or similar business transaction with the corporation.  If a person, including an entity or entity shareholder, owns stock in both corporations that enter into a merger, consolidation, purchase or acquisition of stock or assets, or similar transaction, such shareholder is considered to be acting as a group with other shareholders in a corporation (only with respect to the ownership in that corporation in the case of a change in the Effective Control of a Company or only to the extent of the ownership in that corporation in the case of a Change in the Ownership of a Substantial Portion of a Company’s Assets) prior to the transaction giving rise to the change and not with respect to the ownership interest in the other corporation.
		
	8.
	Forfeiture of Restricted Share Units.  If you have a Separation from Service for any reason other than those described in Section 6 above prior to the Scheduled Vesting Date, all of the Restricted Share Units shall be forfeited, and you shall have no further right to receive any benefits or payments under this Award.

		
	9.
	Rights as Shareholder.  Prior to the Scheduled Vesting Date, you shall have none of the rights of a shareholder of the Company with respect to the shares of the 

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Exhibit 10 (g)

Company's common stock represented by the Restricted Share Units.  You shall, however, have the right to receive dividend equivalents as described in Section 4 above.  In addition, if shares of the Company's common stock are held under a "rabbi trust" (the assets of which are subject to claims of the Company's creditors in the event of the Company's insolvency) established to assist the Company in meeting its obligations under this and other restricted share unit awards, you may (at the Company's sole discretion) be given the right prior to the Scheduled Vesting Date to direct the trustee as to the voting of a number of shares held by the trustee corresponding to the Target Award.
		
	10.
	Nontransferability.  Except by will or by the laws of descent and distribution, you may not sell, transfer, assign, pledge or otherwise encumber or dispose of any Restricted Share Units nor may you sell, transfer, assign, pledge, encumber or dispose of any of the shares of the Company's common stock represented by your Restricted Share Units prior to the payment of such shares to you pursuant to Section 5 or Section 7.

		
	11.
	Unsecured Creditor Status.  This Award constitutes a mere promise by the Company to pay you the benefits described in this Award (to the extent vested).  You shall have the status of a general unsecured creditor of the Company with respect to any benefits payable under this Award.

		
	12.
	Committee Authority.  Any questions concerning the interpretation of this Award, including without limitation any adjustments under Section 4(c) of the Plan (relating to Share splits, reorganizations, mergers, spin-offs and other corporate transactions and events), and any controversy which arises under this Award shall be settled by the Committee, as defined in the Plan, in its sole discretion.

		
	13.
	Inconsistencies.  The terms of this Award are governed by the terms of the Plan and in the case of any inconsistency between the terms of this Award and the terms of the Plan, the terms of the Plan shall control.  By signing this Award letter, you acknowledge receipt of a copy of the Plan.  

		
	14.
	Governing Law.  The provisions of this Award shall be governed by the laws of the State of Kansas without giving effect to principles of conflict of laws.

		
	15.
	Compliance with Section 409A.  It is the intent of the parties that the provisions of this award comply with Internal Revenue Code Section 409A and the Treasury regulations and guidance issued thereunder ("Section 409A") and that this award be interpreted and operated consistent with such requirements of Section 409A in order to avoid the application of additive income taxes under Section 409A ("409A Penalties").  To the extent that a payment, or the settlement or deferral thereof, is subject to Section 409A, except as the Company and the above-named officer otherwise determine in writing, 

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Exhibit 10 (g)

the payment shall be paid, settled or deferred in a manner that will meet the requirements of Section 409A, such that the payment, settlement or deferral shall not be subject to the 409A Penalties.

WESTAR ENERGY, INC. 

By:                             
Name: 
Title: 
AGREED TO: 
                                                
Name:                                 Date
Title:   

7WR-12.31.2014-10K Exhibit10l-401kBenefitRestorationPlan

Exhibit 10(l)

WESTAR ENERGY, INC. 401(k) BENEFIT RESTORATION PLAN

The Westar Energy, Inc. 401(k) Benefit Restoration Plan (the "Plan") is adopted effective January 1, 2015, and is intended to be an unfunded, top hat and nonqualified deferred compensation arrangement.  The Plan is established and maintained by Westar Energy, Inc. solely for the purpose of providing benefits in excess of the limitations on benefits imposed by the Internal Revenue Code on qualified retirement plans for certain of its executive officers who participate in both the Westar Energy, Inc. Employees’ 401(k) Savings Plan and the Westar Energy, Inc. Retirement Plan as a Cash Balance Member.
Accordingly, Westar Energy, Inc. hereby adopts the Plan pursuant to the terms and provisions set forth below: 
ARTICLE I.
DEFINITIONS

Wherever used herein the following terms shall have the meanings hereinafter set forth:
1.1    "Account" means the bookkeeping entry used to record Supplemental Company Matching Contributions to a Participant under the Plan
1.2    "Beneficiary" means the person designated under the Plan to receive any death benefit payable with respect to a Participant
1.3    "Board" means the Board of Directors of the Company.
1.4    "Change in Control" means any one of events (a), (b) or (c):
(a)    Change in the Ownership of Company.
Any one person, or more than one person acting as a group (as defined below in (d)) acquires ownership of stock of the Company that, together with stock held by such person or group, constitutes more than 50 percent of the total fair market value or total voting power of the stock of the Company.
(b)    Change in the Effective Control of Company.
Either  (i) any one person, or more than one person acting as a group (as defined below in (d)), acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons) ownership of stock of the Company possessing 35 percent or more of the total voting power of the stock of the Company; or (ii) a majority of members of the Company's Board is replaced during any 12-month period by directors whose appointment or election is not endorsed by a majority of the members of the Company's Board prior to the date of the appointment or election.

1

(c)    Change in the Ownership of a Substantial Portion of Company's Assets.
Any one person, or more than one person acting as a group (as defined below in (d)), acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons) assets from the Company that have a total gross fair market value ("gross fair market value" means the value of the assets of the Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets) equal to or more than 40 percent of the total gross fair market value of all of the assets of the Company immediately prior to such acquisition or acquisitions.
(d)    Persons Acting as a Group.
Persons will not be considered to be acting as a group solely because they purchase or own stock, or purchase assets, of the same corporation at the same time, or as a result of the same public offering.  However, persons will be considered to be acting as a group if they are owners of a corporation that enters into a merger, consolidation, purchase or acquisition of stock or assets, or similar business transaction with the corporation.  If a person, including an entity or entity shareholder, owns stock in both corporations that enter into a merger, consolidation, purchase or acquisition of stock or assets, or similar transaction, such shareholder is considered to be acting as a group with other shareholders in a corporation (only with respect to the ownership in that corporation in the case of a change in the Effective Control of a Company or only to the extent of the ownership in that corporation in the case of a Change in the Ownership of a Substantial Portion of a Company’s Assets) prior to the transaction giving rise to the change and not with respect to the ownership interest in the other corporation.
1.5    "Company" means Westar Energy, Inc., a Kansas corporation, or, to the extent provided in Section 6.8 below, any successor corporation or other entity resulting from a merger or consolidation into or with the Company or a transfer or sale of substantially all of the assets of the Company.
1.6    "Compensation" means a Participant’s "Annual Compensation" as defined in the Qualified Savings Plan, but determined without regard to the Statutory Limit.
1.7    "IRC" means the Internal Revenue code of 1986 as amended, and includes any final regulations interpreting the Code.
1.8    "Participant" means an executive officer of the Company who is a participant under both the Qualified Savings Plan (or any successor or replacement of the Qualified Savings Plan) and the Westar Energy, Inc. Retirement Plan as a Cash Balance Member and who is designated by the Board to receive a benefit payable under the Plan.
1.9    "Plan" means the Westar Energy, Inc. 401(k) Benefit Restoration Plan.

2

1.10    "Plan Year" means the calendar year.
1.11    "Qualified Savings Plan" means the Westar Energy, Inc. Employees’ 401(k) Savings Plan.
1.12    "Qualified Savings Plan Company Matching Contribution" means the matching contribution made by the Company to a Participant's account in the Qualified Savings Plan.
1.13    "Separation From Service" means the Participant's death, retirement or other termination of employment with the Company.  A Separation From Service shall not occur if the Participant is on military leave, sick leave or other bona fide leave of absence (such as temporary employment by the government) if the period of such leave does not exceed six (6) months, or if longer, as the Participant's right to reemployment with the Company is provided either by statute or by contract.
1.14    "Statutory Limit" means the limit on eligible compensation under tax-qualified defined contribution plans imposed by IRC Section 401(a)(17).
1.15    Words in the masculine gender shall include the feminine and the singular shall include the plural, and vice versa, unless qualified by the context. Any headings used herein are included for ease of reference only, and are not to be construed so as to alter the terms hereof. 
ARTICLE II.
ELIGIBILITY

A Participant in the Qualified Savings Plan who has made the maximum elective deferrals under IRC Section 402(g) or the maximum contributions under the terms of the Qualified Savings Plan shall be eligible to participate in the Plan and to receive the Supplemental Company Matching Contributions hereunder.
ARTICLE III.
SUPPLEMENTAL COMPANY MATCHING CONTRIBUTIONS

3.1    Amount of Contributions. Not later than December 31 of each Plan Year the Company will make a Supplemental Company Matching Contribution to this Plan on behalf of each Participant in an amount equal to the difference between (i) and (ii) below
		
	(i)
	4.5% [i.e. 75% of 6%] of the Participant’s Compensation

LESS
		
	(ii)
	The amount of the Qualified Savings Plan Company Matching Contribution actually allocated to the Participant’s Qualified Savings Plan for the Plan Year.

3

3.2    Investment of Supplemental Company Matching Contributions. Amounts credited hereunder to the Account of a Participant shall be treated as if they were actually invested in the Qualified Savings Plan of the Participant and shall be subject to the same Participant investment elections, and credited with gains and losses at the same time and in the same manner, as is applicable to amounts invested in the Qualified Savings Plan of such Participant. A change by a Participant in the investment election applicable to amounts in his Qualified Savings Plan, or a direction to transfer amounts in his Qualified Savings Plan among investment funds maintained under the Qualified Savings Plan, will also apply to amounts credited to his Account under this Plan and will be effective at the same time that such change in election or direction to transfer is applicable to the Qualified Savings Plan.
3.3    Vesting. A Participant’s Account under this Plan shall be 100 percent vested at all times.
3.4    Distribution of Account Upon Separation from Service. A Participant’s Account shall be distributed in a lump sum in cash on the first business day of the seventh month following Separation from Service (or if earlier, on the 30th day following the date of his death) with accrued interest at the prime rate in effect on the date of the Participant’s Separation from Service as reported in The Wall Street Journal (or if no longer reported by said newspaper, then as reported in such other nationally recognized publication as selected by the Company) for the period of delay since Participant’s Separation from Service.
3.5    Distribution Upon Change in Control. A Participant’s Account shall be paid in a lump sum in cash on the first business day of the month following Change in Control.
ARTICLE IV.
ADMINISTRATION OF THE PLAN

4.1    Administration by the Company. The Company shall be responsible for the general operation and administration of the Plan and for carrying out the provisions thereof.
4.2    General Powers of Administration. All provisions set forth in the Qualified Savings Plan with respect to the administrative powers and duties of the Company, expenses of administration, and procedures for filing claims shall also be applicable with respect to the Plan. The Company shall be entitled to rely conclusively upon all tables, valuations, certificates, opinions and reports furnished by any actuary, accountant, controller, counsel or other person employed or engaged by the Company with respect to the Plan.
4.3    Claims Procedure.  The Claims Procedure is set forth in Exhibit A attached hereto.

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ARTICLE V.
AMENDMENT OF TERMINATION

5.1    Amendment or Termination. The Company intends the Plan to be permanent but reserves the right to amend or terminate the Plan when, in the sole opinion of the Company, such amendment or termination is advisable. Any such amendment or termination shall be made pursuant to a resolution of the Board and shall be effective as of the date set forth in such resolution.
5.2    Effect of Amendment or Termination. No amendment or termination of the Plan shall directly or indirectly deprive any current or former Participant of all or any portion of his Account, payment of which has commenced prior to the effective date of such amendment or termination or which would be payable if the Participant terminated employment for any reason, including death, on such effective date.
ARTICLE VI.
GENERAL PROVISIONS

6.1    Funding. The Plan at all times shall be entirely unfunded and no provision shall at any time be made with respect to segregating any assets of the Company for payment of any benefits hereunder. No Participant, or any other person shall have any interest in any particular assets of the Company by reason of the right to receive a benefit under the Plan and any such Participant or other person shall have only the rights of a general unsecured creditor of the Company with respect to any rights under the Plan.
6.2    No Guaranty of Benefits. Nothing contained in the Plan shall constitute a guaranty by the Company or any other entity or person that the assets of the Company will be sufficient to pay any benefit hereunder.
6.3    No Enlargement of Employee Rights. No Participant shall have any right to a benefit under the Plan except in accordance with the terms of the Plan. Establishment of the Plan shall not be construed to give any Participant the right to be retained in the service of the Company.
6.4    Spendthrift Provision. No interest of any person or entity in, or right to receive a benefit under, the Plan shall be subject in any manner to sale, transfer, assignment, pledge, attachment, garnishment, or other alienation or encumbrance of any kind; nor may such interest or right to receive a benefit be taken, either voluntarily or involuntarily, for the satisfaction of the debts of, or other obligations or claims against, such person or entity, including claims for alimony, support, separate maintenance and claims in bankruptcy proceedings.
6.5    Applicable Law. The Plan shall be construed and administered under the laws of the State of Kansas.

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6.6    Small Benefits. If the actuarial value of any Account is less than $5,000, the Company may pay the actuarial value of such Account to the Participant in a single lump sum in lieu of any further benefit payments hereunder.
6.7    Incapacity of Recipient. If any person entitled to a benefit payment under the Plan is deemed by the Company to be incapable of personally receiving and giving a valid receipt for such payment, then, unless and until claim therefor shall have been made by a duly appointed guardian or other legal representative of such person, the Company may provide for such payment or any part thereof to be made to any other person or institution then contributing toward or providing for the care and maintenance of such person. Any such payment shall be a payment for the account of such person and a complete discharge of any liability of the Company and the Plan therefor.
6.8    Corporate Successors. The Plan shall not be automatically terminated by a transfer or sale of assets of the Company or by the merger or consolidation of the Company into or with any other corporation or other entity, but the Plan shall be continued after such sale, merger or consolidation only if and to the extent that the transferee, purchaser or successor entity agrees to continue the Plan. In the event that the Plan is not continued by the transferee, purchaser or successor entity, then the Plan shall terminate subject to the provisions of Section 5.2.
6.9    Limitations on Liability. Notwithstanding any of the preceding provisions of the Plan, neither the Company nor any individual acting as an employee or agent of the Company shall be liable to any Participant, former Participant, Beneficiary or any other person for any claim, loss, liability or expense incurred in connection with the Plan.
6.10    Department of Labor Notice. The Company shall be responsible for filing with the Department of Labor a notice in the form attached hereto as Exhibit B, not later than 120 days after the adoption of this Plan.
6.11    Compliance with IRC Section 409A. It is the intent of the parties that the provisions of the Plan and any Plan Agreement executed hereunder comply with IRC Section 409A and the Treasury regulations and guidance issued thereunder ("Section 409A") and that the Plan and any Plan Agreement executed hereunder be interpreted and operated consistent with such requirements of Section 409A in order to avoid the application of additive income taxes under Section 409A ("409A Penalties").  To the extent that a payment, or the settlement or deferral thereof, is subject to Section 409A, except as the Participant and the Board otherwise determine in writing, the payment shall be paid, settled or deferred in a manner that will meet the requirements of Section 409A, such that the payment, settlement or deferral shall not be subject to the 409A Penalties.

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IN WITNESS WHEREOF, the Company has caused this Plan to be executed by a duly authorized officer this 10th day of December, 2014.

WESTAR ENERGY, INC.

By: /s/ Jerl Banning                    

7

EXHIBIT A
CLAIMS PROCEDURES
		
	I.
	Initial Claim.

		
	A.
	Submitting the Claim

Upon request, the Plan Administrator shall provide any Participant or Beneficiary ("Claimant") with a claim form which the Claimant can use to request benefits.  In addition, the Plan Administrator will consider any written request for benefits under the Plan to be a claim.
		
	B.
	Approval of Initial Claim

If a claim for benefits is approved, the Plan Administrator shall provide the Claimant with written or electronic notice of such approval.  The notice shall include:
		
	1.
	The amount of benefits to which the Claimant is entitled.

		
	2.
	The duration of such benefit.

		
	3.
	The time the benefit is to commence.

		
	4.
	Other pertinent information concerning the benefit.

		
	C.
	Denial of Initial Claim

If a claim for benefits is denied (in whole or in part) by the Plan Administrator, the Plan Administrator shall provide the Claimant with written or electronic notification of such denial within ninety (90) days after receipt of the claim, unless special circumstances require an extension of time for processing the claim. (See Section III for the procedures concerning extensions of time.)
The notice of denial of the claim shall include:
		
	1.
	The specific reason that the claim was denied.

		
	2.
	A reference to the specific plan provisions on which the denial was based.

		
	3.
	A description of any additional material or information necessary to perfect the claim, and an explanation of why this material or information is necessary.

		
	4.
	A description of the plan's appeal procedures and the time limits that apply to such procedures, including a statement of the Claimant's right to bring a civil action under ERISA Section 502(a) if the claim is denied on appeal.

The Claimant (or his duly authorized representative) may review pertinent documents and submit issues and comments in writing to the Plan Administrator.  The Claimant may appeal the denial as set forth in the next section of this procedure.  IF THE CLAIMANT FAILS TO

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APPEAL SUCH ACTION TO THE PLAN ADMINISTRATOR IN WRITING WITHIN THE PRESCRIBED PERIOD OF TIME DESCRIBED IN THE NEXT SECTION, THE PLAN ADMINISTRATOR'S DENIAL OF A CLAIM SHALL BE FINAL, BINDING AND CONCLUSIVE.
		
	II.
	Appeal Procedures

		
	A.
	Filing the Appeal

In the event that a claim is denied (in whole or in part), the Claimant may appeal the denial by giving written notice of the appeal to the Plan Administrator within 60 days after the Claimant receives the notice of denial of the claim.
At the same time the Claimant submits a notice of appeal, the Claimant may also submit written comments, documents, records, and other information relating to the claim.  Westar Energy, Inc. ("Company") (or its designee) shall review and consider this information without regard to whether the information was submitted or considered in conjunction with the initial claim.
		
	B.
	General Appeal Procedure

Company may hold a hearing or otherwise ascertain such facts as it deems necessary and shall render a decision which shall be binding upon both parties.
Company shall render a decision on appeal within sixty (60) days after the receipt by the Plan Administrator of the notice of appeal, unless special circumstances require an extension of time.  (See Section III for the procedures concerning extensions of time.)
The appeal decision of Company shall be provided in written or electronic form to the Claimant.  If the appeal decision is adverse to the Claimant, then the written decision shall include the following:
		
	1.
	The specific reason or reasons for the appeal decision.

		
	2.
	Reference to the specific plan provisions on which the appeal decision is based.

		
	3.
	A statement that the Claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records, and other information relevant to the Claimant's claim for benefits.  (Whether a document, record, or other information is relevant to a claim for benefits shall be determined by reference to 29 C.F.R. § 2560.503-1 (m)(8).)

		
	4.
	A statement describing any voluntary appeal procedures offered by the Plan and the Claimant's right to obtain the information about such procedures.

		
	5.
	A statement of the Claimant's right to bring an action under Section 502(a) of the Employee Retirement Income Security Act.

9

		
	III.
	Extensions of Time

		
	A.
	Notice of Extension

If Company requires an extension of time, Company shall provide the Claimant with written or electronic notice of the extension before the first day of the extension.
The notice of the extension shall include: 
		
	6.
	An explanation of the circumstances requiring the extension.  

		
	7.
	The date by which the Administrator or Company expects to render a decision.

		
	B.
	Length of Extension

For purposes of an initial claim, no more than one extension of ninety (90) days shall be allowed.
For purposes of an appeal, no more than one extension of sixty (60) days shall be allowed.

10

EXHIBIT B
CERTIFIED MAIL
RETURN RECEIPT NO._________

	
		
	Secretary of Labor
Top Hat Plan Exemption
Employee Benefits Security Administration
Room N-1513
U.S. Department of Labor
200 Constitution Avenue NW
Washington, DC 20210
	 

WESTAR ENERGY, INC.

REPORTING AND DISCLOSURE COMPLIANCE STATEMENT
In compliance with Section 110 of the Employee Retirement Income Security Act of 1974 ("ERISA") and the Regulations thereunder, found at 29 CFR 2520.104-23, Westar Energy, Inc. is filing this Reporting and Disclosure Compliance Statement and in connection herewith provides the following information:
	
		
	EMPLOYER
	WESTAR ENERGY, INC.

	ADDRESS:
	818 SOUTH KANSAS AVE.
P.O. BOX 889
TOPEKA, KS 66612

	EMPLOYER IDENTIFICATION #:
	48-0290150

	PLAN NAME:
	WESTAR ENERGY, INC 401(k) Benefit Restoration Plan

	NUMBER OF PLANS:
	[___ONE_______]

	NUMBER OF EMPLOYEES
PARTICIPATING IN PLAN:
	[__________]

Westar Energy, Inc. maintains the above-named unfunded Plan primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees.
Westar Energy, Inc. will provide the plan documents to the Secretary of Labor upon request, as required by Section 104(a)(1) of ERISA.
WESTAR ENERGY, INC.

By:    

Title:    
Date:    

11

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