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EXHIBIT 10 (e)    
  

AMENDMENT TO

SEVERANCE PAY AGREEMENT 

        THIS
AGREEMENT dated as of                        , between THE EMPIRE DISTRICT ELECTRIC COMPANY (the "Company"), a Kansas corporation,
having its principal offices at 602 Joplin Street, Joplin,
Missouri, and                        , residing
at                        (the "Executive"). 

W  I  T  N  E  S  S  E  T  H: 

        WHEREAS,
the Company and the Executive entered into a Severance Pay Agreement dated as of June 21, 1996 (the "Severance Pay Agreement") pursuant to The Empire District Electric
Company Change in Control Severance Pay Plan (the "Plan"); and 

        WHEREAS,
a "Change in Control" of the Company has occurred for purposes of the Plan by reason of the approval by the Company's shareholders of the Agreement and Plan of Merger between
the Company and UtiliCorp United Inc. (the "UtiliCorp Change in Control"); and 

        WHEREAS,
the UtiliCorp Change in Control has resulted in the Executive having the right to terminate his employment in a "Voluntary Termination" entitling him to benefits as described in
the Plan and the Severance Pay Agreement; and 

        WHEREAS,
the Company wishes to encourage the Executive to continue in employment through December 31, 2002; and 

        WHEREAS,
the Executive is willing to continue in employment with the Company beyond the otherwise applicable last day for a "Voluntary Termination" provided the period for such a
"Voluntary Termination" is extended; 

        NOW,
THEREFORE, the Company and the Executive agree as follows: 

        1.    Section 2
of the Severance Pay Plan is amended by adding at the end thereof the following new subsection (e): 

        "(e)
Anything in this Agreement to the contrary notwithstanding, any termination of the Executive's employment on or before December 31, 2002 at the election of the Executive
(other than a termination constituting an Involuntary Termination) shall be considered a Voluntary Termination for purposes of the Plan and this Agreement." 

        2.    Except
as modified above, the Severance Pay Agreement shall remain in full force and effect in accordance with its terms. 

        IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date first above set forth. 

	 	 	THE EMPIRE DISTRICT ELECTRIC COMPANY
	

	
 	

 	
 	

 
	 	 	By	 	 
	 	 	 	 	

	

 	
 	

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EXHIBIT 10 (e)<Page>

                                                                 Exhibit 10.17

                             2001 STOCK OPTION PLAN

         1. Purpose. The purpose of this Plan is to attract and retain the best
available talent and encourage the highest level of performance by executive
officers, employees, directors, advisors and consultants, and to provide them
with incentives to put forth maximum efforts for the success of Scottish Annuity
& Life Holdings, Ltd.'s business, in order to serve the best interests of
Scottish Annuity & Life Holdings, Ltd. and its stockholders. All options granted
under the Plan are intended to be nonstatutory stock options.

         2. Definitions. The following terms, when used in the Plan with initial
capital letters, shall have the following meanings:

         (a) "ACT" means the Securities Exchange Act of 1934, as in effect from
time to time.

         (b) "BOARD" means the Board of Directors of the Company and, to the
extent of any delegation by the Board to a committee (or subcommittee thereof)
pursuant to Paragraph 9 of this Plan, such committee (or subcommittee).

         (c) "CHANGE IN CONTROL" shall have the meaning provided in Paragraph 11
of this Plan.

         (d) "CODE" means the Internal Revenue Code of 1986, as amended from
time to time, and any successor thereto.

         (e) "COMPANY" means Scottish Annuity & Life Holdings, Ltd., a Cayman
Islands company.

         (f) "DATE OF GRANT" means the date specified by the Board on which a
grant of Stock Options shall become effective (which date shall not be earlier
than the date on which the Board takes action with respect thereto).

         (g) "DIRECTOR" means a member of the Board of Directors of the Company.

         (h) "ELIGIBLE PERSON" means a person who may be awarded Stock Options
under this Plan and includes executive officers, any other employee, directors,
advisors and consultants of the Company and of any Subsidiary

         (i) "ELIGIBLE NON-EMPLOYEE DIRECTOR" means any person, not an employee
of the Company or any Subsidiary, who is a Director.

         (j) "IMMEDIATE FAMILY" has the meaning ascribed thereto in Rule
16a-1(e) under the Act (or any successor rule to the same effect) as in effect
from time to time.

         (k) "MARKET VALUE PER SHARE" means, as of any given day, the closing
price of an Ordinary Share on a national securities exchange on which the
Ordinary Shares are listed or admitted to trading on the day preceding the day
such determination is being made or, if there was no closing price reported on
such day, on the most recently preceding day on which such a closing price was
reported; or if the Ordinary Shares are not listed or admitted to trading on a

<Page>

national securities exchange on the day as of which the determination is being
made, the amount determined by the Board to be the fair market value of an
Ordinary Share on such day.

         (l) "OPTION PRICE" means the purchase price per Ordinary Share payable
on exercise of a Stock Option.

         (m) "OPTIONEE" means the optionee named in an agreement evidencing an
outstanding Stock Option or a permitted transferee of a Stock Option.

         (n) "ORDINARY SHARES" means the ordinary shares, par value $0.01 per
share, of the Company or any security into which such Ordinary Shares may be
changed by reason of any transaction or event of the type described in Paragraph
7 of this Plan.

         (o) "PARTICIPANT" means an Eligible Person who is selected by the Board
to receive Stock Options under Paragraph 5 of this Plan.

         (p) "PLAN" means this 2001 Stock Option Plan of the Company, as amended
from time to time.

         (q) "RULE 16B-3" means Rule 16b-3 under Section 16 of the Act (or any
successor rule to the same effect) as in effect from time to time.

         (r) "STOCK OPTION" means the right to purchase Ordinary Shares upon
exercise of an option granted pursuant to Paragraph 5 of this Plan.

         (s) "SUBSIDIARY" means any corporation, partnership, joint venture or
other entity in which the Company owns or controls, directly or indirectly, not
less than 50% of the total combined voting power or equity interests represented
by all classes of stock issued by such corporation, partnership, joint venture
or other entity.

         3. Shares Available Under Plan. The Ordinary Shares which may be issued
under the Plan shall not exceed in the aggregate 650,000 shares, subject to
adjustment as provided in this Paragraph 3. Such shares may be shares of
original issuance or treasury shares or a combination of the foregoing.

         (a) Any Ordinary Shares which are subject to Stock Options that are
terminated unexercised, forfeited or surrendered or that expire for any reason
shall again be available for issuance under the Plan.

         (b) The shares available for issuance under the Plan also shall be
subject to adjustment as provided in Paragraph 7 of this Plan.

         4. Individual Limitation on Stock Options. Notwithstanding anything in
this Plan to the contrary, and subject to adjustment as provided in Paragraph 7
of this Plan, no individual Participant shall be granted Stock Options under
this Plan, during the term of this Plan, for more than 406,250 Ordinary Shares.
<Page>

         5. Grants of Stock Options to Participants. The Board may from time to
time authorize grants to any Participant of Stock Options upon such terms and
conditions as the Board may determine in accordance with the provisions set
forth below.

         (a) Each grant shall specify the number of Ordinary Shares to which it
pertains, subject to the limitations set forth in Paragraphs 3 and 4 of this
Plan.

         (b) Each grant shall specify the Option Price, which shall not be less
than 100% of the Market Value Per Share on the Date of Grant.

         (c) Each grant shall specify whether the Option Price shall be payable
(i) in cash or by check acceptable to the Company or (ii) deferred payment of
the Option Price from the proceeds of sale through a bank or broker of some or
all of the shares to which such exercise relates or (iii) by a combination of
methods (i) or (ii).

         (d) Successive grants may be made to the same Participant whether or
not any Stock Options previously granted to such Participant remain unexercised.

         (e) Each grant shall specify the required period or periods (if any) of
continuous service by the Participant with the Company or any Subsidiary and/or
any other conditions to be satisfied before the Stock Options or installments
thereof shall become exercisable, and any grant may provide for the earlier
exercise of the Stock Options in the event of a Change in Control of the Company
or in the event of any other similar transaction or event. Unless otherwise
provided in the option agreement evidencing a grant, a grant shall become
exercisable in five equal annual installments, commencing on the first
anniversary of the grant.

         (f) Except as otherwise determined by the Committee all Stock Options
granted to a Participant under the Plan shall be exercisable during the
Optionee's lifetime only by such Participant and no Stock Option granted under
the Plan may be sold, transferred, pledged, assigned, or otherwise alienated or
hypothecated, other than by will or by the laws of descent and distribution.

         (g) No Stock Option shall be exercisable more than 10 years from the
Date of Grant.

         (h) An Optionee may exercise a Stock Option in whole or in part at any
time and from time to time during the period within which the Stock Option may
be exercised. To exercise a Stock Option, an Optionee shall give written notice
to the Company specifying the number of Ordinary Shares to be purchased and
provide payment of the Option Price and any other documentation that may be
required by the Company.

         (i) An Optionee shall be treated for all purposes as the owner of
record of the number of Ordinary Shares purchased pursuant to exercise of the
Stock Option (in whole or in part) as of the date the conditions set forth in
Paragraph 5(h) of this Plan are satisfied.

         (j) The Board may permit Optionees to elect to defer the issuance of
Ordinary Shares under this Plan pursuant to such rules, procedures or programs
as it may establish for purposes of this Plan. The Board may also provide that
deferred issuances and settlements include the payment or crediting of dividend
equivalents or interest on the deferred amounts.

<Page>

         (k) Each grant shall be evidenced by a stock option agreement executed
on behalf of the Company by the Chief Executive Officer (or another officer
designated by the Board) and delivered to the Participant and containing such
further terms and provisions, consistent with the Plan, as the Board may
approve.

         6. Grants of Stock Options to Eligible Non-Employee Directors. Each
Eligible Non-Employee Director will be granted a Stock Option to purchase 2,000
Ordinary Shares at each successive annual general meeting, provided that (i)
such individual continues to be an Eligible Non-Employee Director at the close
of business of each such annual general meeting and (ii) if such Eligible
NonEmployee Director receives a grant at such time of options under Paragraph 6
of the Company's Second Amended and Restated 1998 Stock Option Plan and/or the
Scottish Annuity & Life Holdings, Ltd. 1999 Stock Option Plan the grant of
options at such time under such Stock Option Plans and this Plan shall not
exceed in the aggregate options to purchase 2,000 Ordinary Shares. The Stock
Options granted under this Paragraph 6 will have an exercise price equal to the
fair market value of the Ordinary Shares on the date of grant and shall be
immediately exercisable. For purposes of this Paragraph 6, the date of an annual
general meeting is the date on which the meeting is convened or, if later, the
date of the last adjournment thereof. In addition, each person who becomes a
Non-Employee Director, as defined in the Plan, after the date on which this Plan
becomes effective, as set forth in such Paragraph 10(e) of this Plan, will be
granted an option to purchase 10,000 Ordinary Shares with as exercise price
equal to the fair market value of the Ordinary Share on the date of grant, and
shall be immediately exercisable.

         7. Adjustments. The Board may make or provide for such adjustments in
the maximum number of shares specified in Paragraphs 3 or 4 of this Plan, in the
number of Ordinary Shares covered by outstanding Stock Options granted
hereunder, in the Option Price applicable to any such Stock Options, and/or in
the kind of shares covered thereby (including shares of another issuer), as the
Board in its sole discretion, exercised in good faith, may determine is
equitably required to prevent dilution or enlargement of the rights of
Participants that otherwise would result from any stock dividend, stock split,
combination of shares, recapitalization or other change in the capital structure
of the Company, merger, consolidation, spin-off, reorganization, partial or
complete liquidation, issuance of rights or warrants to purchase securities or
any other corporate transaction or event having an effect similar to any of the
foregoing. Any fractional shares resulting from the foregoing adjustments shall
be eliminated.

         8. Withholding of Taxes. To the extent that the Company or any
Subsidiary is required to withhold federal, state, local or foreign taxes
(including in the case of the UK, but without limitation, income tax and Class I
national insurance contributions) in connection with any benefit realized by an
Optionee under the Plan, or is requested by an Optionee to withhold additional
amounts with respect to such taxes, and the amounts available to the Company or
a Subsidiary for such withholding are insufficient, it shall be a condition to
the realization of such benefit that the Optionee make arrangements satisfactory
to the Company or a Subsidiary for payment of the balance of such taxes required
or requested to be withheld. In addition, if permitted by the Board, an Optionee
may elect to have any withholding obligation of the Company or a Subsidiary
satisfied with Ordinary Shares that would otherwise be transferred to the
Optionee on exercise of the Stock Option.

<Page>

         9.    Administration of the Plan.

         (a) The Plan shall be administered by the Board, which from time to
time may delegate all or any part of its authority under this Plan to a
committee (the "Stock Option Committee") of not less than two Directors
appointed by the Board. The members of the Stock Option Committee shall be
"Non-Employee Directors" within the meaning of Rule 16b-3. To the extent of any
such delegation, references in this Plan to the Board shall also refer to the
Stock Option Committee. A majority of the members of the Stock Option Committee
shall constitute a quorum, and any action taken by a majority of the members of
the Stock Option Committee who are present at any meeting of the Stock Option
Committee at which a quorum is present, or any actions of the Stock Option
Committee that are unanimously approved by the members of the Stock Option
Committee in writing, shall be the acts of the Stock Option Committee. The Board
shall have the authority to delegate responsibility and authority for the
operation and administration of this Plan, appoint employees and officers of the
Company and Subsidiaries to act on its behalf, and employ persons to assist in
fulfilling its responsibilities under this Plan.

         (b) The Board has the full authority and discretion to interpret and
construe any provision of this Plan or of any agreement, notification or
document evidencing the grant of a Stock Option. The interpretation and
construction by the Board of any such provision and any determination by the
Board pursuant to any provision of the Plan or of any such agreement,
notification or document shall be final and conclusive. No member of the Board
shall be liable for any such action or determination made in good faith.

         10.     Admendments, Etc.

         (a) The Board may, without the consent of the Optionee, amend any
agreement evidencing a Stock Option granted under the Plan, or otherwise take
action, to accelerate the time or times at which the Stock Option may be
exercised, to extend the expiration date of the Stock Option, to waive any other
condition or restriction applicable to such Stock Option or to the exercise of
such Stock Option and to reduce the exercise price of such Stock Option and may
amend any such agreement in any other respect with the consent of the Optionee.

         (b) The Plan may be amended from time to time by the Board or any duly
authorized committee thereof. In the event any law, or any rule or regulation
issued or promulgated by the Internal Revenue Service, the Securities and
Exchange Commission, the National Association of Securities Dealers, Inc., any
stock exchange upon which the Ordinary Shares are listed for trading, or any
other governmental or quasi-governmental agency having jurisdiction over the
Company, the Common Stock or the Plan, requires the Plan to be amended, or in
the event Rule 16b-3 is amended or supplemented (e.g., by addition of
alternative rules) or any of the rules under Section 16 of the Act are amended
or supplemented, in either event to permit the Company to remove or lessen any
restrictions on or with respect to Stock Options, the Board reserves the right
to amend the Plan to the extent of any such requirement, amendment or
supplement, and all Stock Options then outstanding shall be subject to such
amendment.

         (c) The Plan may be terminated at any time by action of the Board. The
termination of the Plan shall not adversely affect the terms of any outstanding
Stock Option.

<Page>

         (d) The Plan shall not confer upon any Participant any right with
respect to continuance of employment or other service with the Company or any
Subsidiary, nor shall it interfere in any way with any right the Company or any
Subsidiary would otherwise have to terminate a Participant's employment or other
service at any time.

         (e)  This Plan shall be effective as of December 31, 2002.

         (f) No Stock Option shall be granted pursuant to this Plan on or after
the tenth anniversary of the date of effectiveness of this Plan, but awards
granted prior to such tenth anniversary may extend beyond that date.

         11. Change in Control. For purposes of this Plan, a "Change in Control"
shall mean the occurrence of any of the following events shall have occurred:

         (a) The Company is merged or consolidated or reorganized into or with
another corporation or other legal person, and as a result of such merger,
consolidation or reorganization less than a majority of the combined voting
power of the then-outstanding securities of such corporation or person
immediately after such transaction are held in the aggregate by the holders of
Ordinary Shares immediately prior to such transaction;

         (b) The Company sells or otherwise transfers all or substantially all
of its assets to any other corporation or other legal person, and less than a
majority of the combined voting power of the then-outstanding securities of such
corporation or person immediately after such sale or transfer is held in the
aggregate by the holders of Ordinary Shares immediately prior to such sale or
transfer;

         (c) Any person or entity (excluding for this purpose an entity
affiliated with the Company and excluding a Company benefit plan) becomes the
beneficial owner, directly or indirectly, of more than fifty (50) percent of the
combined voting power of the Company's then outstanding stock;

         (d) If during any period of two consecutive years after December 31,
l999, individuals who at the beginning of any such period constitute the
Directors cease for any reason to constitute at least a majority thereof, unless
the election, or the nomination for election by the Company's shareholders, of
each Director first elected during such period was approved by a vote of at
least two-thirds of the Directors then still in office who were Directors at the
beginning of any such period.

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