Document:

Form of SUPERVALU INC. 2002 Stock Plan Restricted Award Certificate and Restrict

 EXHIBIT 10.7 
  
 SUPERVALU INC. 
  
 2002 STOCK PLAN 
 RESTRICTED STOCK
AWARD CERTIFICATE 
  
 Certification of Award 
  
 This certifies that the individual named below as a “Recipient”,
has been awarded restricted shares of the common stock of SUPERVALU INC. (the “Company”) pursuant to the Company’s 2002 Stock Plan (the “Plan”). The number of shares awarded, the effective date of the award, and the date on
which the restrictions lapse (the “Vesting Date”), are set forth below. The award is non-transferable and is subject to all of the terms and conditions of the Plan, and the Restricted Stock Award Terms and Conditions attached hereto.

  

			
	 Name of Recipient:
	 	 «First_» «Last»

		
	 Effective Date:
	 	 
		
	 Number of Shares Awarded:
	 	 «Shares_Issued»

		
	 Vesting Date:
	 	 

  
 This Certificate has
been executed by an authorized officer of the Company pursuant to the authority granted by the Executive Personnel and Compensation Committee of its Board of Directors. 
  

			
	
	 	

	 	 	Date

  
 Recipient’s Acknowledgement of
Receipt 
  
 I hereby acknowledge receipt of the award of
restricted shares of the common stock of SUPERVALU INC. as described above, the Restricted Stock Award Terms and Conditions that are attached, and a copy of the Plan and the Prospectus relating thereto. I accept the award subject to the Plan
provisions and the Restricted Stock Award Terms and Conditions. 
  

			
	
	 	

	                                        
     «First_» «Last»
	 	Date

 SUPERVALU INC. 
  
 2002 STOCK PLAN 
 RESTRICTED STOCK AWARD TERMS AND CONDITIONS 
  
 SUPERVALU INC. (the “Company”) has established the 2002 Stock Plan (as amended from time to time, the “Plan”), pursuant to which certain key employees of the Company may receive awards (each an “Award”) of
restricted shares of the Company’s common stock (each a “Share”). Each Award is evidenced by a Restricted Stock Award Certificate (the “Certificate”) setting forth the employee’s name, the date the Award is granted, the
number of Shares subject thereto, and the date all rights to the Shares fully vest in favor of the employee and the restrictions thereon lapse. The Award is governed by and subject to, the terms and conditions of the Plan and those set forth herein.

  
 1. Award of Restricted Stock 
  
 The Company has granted you an Award of Restricted Stock for the number of
Shares set forth in the Certificate attached hereto. The Award shall become effective as of the date set forth in the Certificate, after you have signed and returned the Certificate to the Company. 
  
 2. Vesting; Change in Control 
  
 (a) The Shares shall vest in full in favor of you on the date set forth in
the Certificate provided you remain continuously employed by the Company or any of its affiliates until such date. 
  
 (b) Notwithstanding the foregoing, in the event of a Change in Control (as defined in the Plan) prior to the vesting of the Shares, all Shares shall vest
in full as of the date of such Change in Control if you have been continuously employed by the Company or any of its affiliates until the date of such Change in Control. 
  
 3. Forfeiture; Early Vesting in Event of Death, Disability or Retirement 
  
 (a) If you cease to be an employee of the Company or any of its affiliates
for any reason other than death, Disability (as defined below) or Retirement (as defined below), prior to the vesting of the Shares pursuant to Section 2 hereof, then your rights to all of the Shares not theretofore vested shall be immediately and
irrevocably forfeited. 
  
 (b) If you cease to be an employee of
the Company or any of its affiliates by reason of death, Disability or Retirement prior to the vesting of the Shares pursuant to Section 2 hereof, then you or your estate shall become immediately vested, as of the date of such death, Disability or
Retirement, in all unvested Shares; provided, however, that the vesting upon Retirement of all unvested Shares shall require the approval of the Executive Personnel and Compensation Committee of the Board of Directors of the Company
(the “Committee”). No transfer by will or by laws of descent and distribution of any Shares which vest by reason of your death shall be effective to bind the Company, unless the Company shall have been furnished with written notice of such
transfer and a copy of the will or such other evidence as the Company may deem necessary to establish the validity of the transfer. 
  
 For purposes hereof, “Disability” is defined as eligibility for long-term disability payments under the applicable Long-Term Disability Plan of
the Company; and “Retirement” is defined as severance of employment after age 55, with ten (10) or more years of service with the Company or its affiliates. 
  
 4. Restrictions on Transfer 
  
 Except as may be otherwise determined by the Committee, until the Shares vest pursuant to Section 2 or 3 hereof, none of the Shares may be sold, assigned,
transferred, pledged, hypothecated or otherwise disposed of or encumbered by you, and no attempt to transfer the Shares, whether voluntary or involuntary, by operation of law or otherwise, shall vest the transferee with any interest or right in or
with respect to the Shares. 
  

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 5. Issuance and Custody of Certificate 
  
 (a) The Company shall, at its option, cause the Shares to be issued in “book entry” form, i.e. registered with the
company’s stock transfer agent, in your name, or in the form of a certificate registered in your name, in each case, with the following legend or a legend containing words substantially similar thereto: 
  
 “The shares of Common Stock represented by this book
entry or certificate are subject to forfeiture, and the transferability of this entry or certificate and the shares of Common Stock represented thereby are subject to the restrictions, terms and conditions (including restrictions against transfer)
contained in the SUPERVALU INC. Long-Term Incentive Plan and a Restricted Stock Award Certificate executed by SUPERVALU INC. and the registered owner of such shares. Copies of such Plan and Certificate are on file in the office of the Secretary of
SUPERVALU INC., 11840 Valley View Road, Eden Prairie, Minnesota.” 
  
 (b) Any certificate issued pursuant to Section 5(a) hereof shall be deposited by the Company with the Secretary of the Company or a custodian designated by the Secretary. Upon request, the Secretary or such custodian shall issue a receipt
to you evidencing the certificate or certificates held which are registered in your name. 
  
 (c) After Shares vest pursuant to Sections 2 or 3 hereof, the Company shall promptly cause: (i) a certificate or certificates evidencing such vested Shares to be issued and registered in your name or your name and the
name of another adult person (21 years of age or older) as joint tenants, and delivered to you or your legal representative(s), beneficiary(ies) or heir(s); or, (ii) such Shares to be registered in book entry form in your name or your name and the
name of another adult person (21 years of age or older) as joint tenants, and sent by electronic delivery to your brokerage account or that of your legal representative(s), beneficiary(ies) or heir(s); in each case, together with any other property
held in custody with respect to such Shares pursuant to Section 6(c) hereof and free of the legend provided in Section 5(a) hereof. 
  
 Only whole Shares shall be issued to you pursuant to a certificate; the value of any fractional Share shall be paid in cash at the time a certificate
evidencing such fractional Share would otherwise have been delivered to you hereunder and shall be based on the Fair Market Value (as defined below) of the Common Stock. 
  
 6. Distributions and Adjustments 
  
 (a) If the Shares vest in your favor subsequent to any change in the number or character of the outstanding Shares of the Common Stock (through merger,
consolidation, reorganization, recapitalization, stock dividend or otherwise), you shall then receive upon such vesting the number and type of securities or other consideration which you would have received if the Shares had vested prior to the
event changing the number or character of outstanding Shares of Common Stock. 
  
 (b) Any additional Shares, any other securities of the Company and any other property (except for cash dividends or other cash distributions) distributed with respect to the Shares prior to the date the Shares vest
shall be subject to the same restrictions, terms and conditions as the Shares. Any cash dividends or other cash distributions payable with respect to the Shares shall be distributed to you at the same time cash dividends or other cash distributions
are distributed to stockholders of the Company generally. 
  
 (c)
Any additional Shares, any securities and any other property (except for cash dividends or other cash distributions) distributed with respect to the Shares prior to the date such Shares vest shall be promptly deposited with the Secretary or the
custodian designated by the Secretary to be held in custody in accordance with Section 5(c) hereof. 
  
 7. Taxes 
  
 (a) In order
to comply with all applicable federal or state income, social security, payroll, withholding or other tax laws or regulations, the Company may take such action, and may require you to take such action, as it deems appropriate to ensure that all
applicable federal or state income, social security, payroll, withholding or other taxes, which are your sole and absolute responsibility, are withheld or collected from you. 
  

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 (b) You may elect to satisfy any federal and state income tax withholding obligations arising upon the
vesting of any Shares pursuant to Sections 2 or 3 hereof by (i) having the Company withhold a portion of the Shares otherwise to be delivered by you upon such vesting having a Fair Market Value (as defined below) equal to the amount of federal and
state income taxes required to be withheld on such vesting, or (ii) delivering to the Company shares of Common Stock, other than the Shares issuable upon such vesting, having a Fair Market Value equal to such taxes. You may elect to satisfy any
federal and state income tax withholding obligations arising prior to the vesting of any Shares pursuant to Sections 2 or 3 hereof by delivering to the Company Shares other than the Shares issuable upon such vesting having a Fair Market Value equal
to such taxes. For purposes hereof, the term “Fair Market Value” shall mean the average of the opening and closing sale price of a Share as reported on the New York Stock Exchange on the date of determination, or, if no trading in the
Common Stock occurred on the date of determination, on the day closest to the date of determination when such trading did occur. Any election pursuant to this paragraph (b) will be subject to such rules as may be adopted from time to time by the
Committee. 
  
 8. Covenants. 
  
 (a) Non-competition Covenant. You agree that you will not be an
employee, trustee, principal, agent, consultant, partner, director or substantial stockholder of any company or business that is engaged in the same business in which you were employed by the Company or any of its affiliates. This paragraph shall
not apply in the event of a Change in Control as described in the Plan. 
  
 (b) Confidential Information Covenant. You acknowledge that you will have access to and gain knowledge of highly confidential and proprietary information and trade secrets pertaining to the Company, its affiliates, customers,
suppliers, joint ventures, licensors, licensees, distributors and other persons and entities with whom the Company does business (“Confidential Information”) in the course of your employment with the Company or any of its affiliates. You
agree to hold all Confidential Information in a fiduciary capacity for the sole benefit of the Company and/or its affiliates. You further agree that you will not, without the prior written consent of the Company or as required by your duties as an
employee of the Company or any of its affiliates, in any way divulge or disclose any Confidential Information. All Confidential Information, including all copies, notes and replications thereof will remain the sole property of the Company and/or its
affiliates, and must be returned to the Company immediately upon your termination of employment. 
  
 (c) Non-solicitation Covenant. You agree that you will not, directly or in concert with others, have any contact for the purpose of recruiting or
soliciting any employee(s) of the Company or any of its affiliates to terminate their employment with the Company or such affiliate in order to become associated with another employer. You agree that, with respect to the customers or accounts of the
business unit(s) in which you worked or over which you had management responsibility, you will not, directly or in concert with others, have contact with such customers or accounts for the purpose of attempting to divert any customer’s business
or any account from the Company or any of its affiliates. 
  
 (d)
No Disparaging Statements Covenant. You agree that you will not make any disparaging statements about the Company, its affiliates, directors, officers, agents, employees, products, pricing policies or services. 
  
 (e) Term. You agree that each of the covenants set forth in this
Section will continue in effect during your employment with the Company or any of its affiliates, and for a period of fifteen (15) months after your employment with the Company or such affiliate ends. 
  
 (f) Remedies for Breach of these Covenants. Should you violate any of
the above covenants, you agree that the Company shall recover from you the monetary loss resulting from such breach, together with the costs and attorneys fees necessary to gain such recovery. In addition to monetary relief, you agree that upon your
breach of any covenant in this Section, your Award will be immediately forfeited, and that a court may order injunctive relief requiring you to stop all actions in violation of the provisions of this Section. 
  
 (g) Enforceability of these Covenants. You agree that to the extent
that a court determines that any provision of this Section detailing the covenants set forth herein is invalid or unenforceable, such provision shall be deleted, but all remaining provisions shall remain in full force and effect. 
  

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 9. Arbitration  
  

You and the Company agree that any controversy, claim, or dispute arising out of or relating to the Restricted Stock Award Certificate or the breach of
any of these Restricted Stock Award Terms and Conditions, or arising out of or relating to your employment relationship with the Company or any of its affiliates, or the termination of such relationship, shall be resolved by binding arbitration
before a neutral arbitrator under rules set forth in the Federal Arbitration Act. By way of example only, such claims include claims litigated under federal, state and local statutory or common law, such as the Age Discrimination in Employment Act,
Title VII of the Civil Rights Act of 1964, as amended, including the Civil Rights Act of 1994, the Americans with Disabilities Act, the law of contract and the law of tort. You and the Company agree that such claims may be brought in an appropriate
administrative forum, but at the point at which you or the Company seek a judicial forum to resolve the matter, this agreement for binding arbitration becomes effective. This agreement to arbitrate shall continue in full force and effect despite the
forfeiture of your Award or the termination of your employment relationship with the Company or any of its affiliates. You and the Company agree that any award rendered by the arbitrator shall be final and binding and that judgment upon the final
award may be entered in any court having jurisdiction thereof. You and the Company hereby knowingly and voluntarily waive any right to have any such dispute tried and adjudicated by a judge or jury. The arbitrator may grant any remedy or relief that
the arbitrator deems just and equitable, including any remedy or relief that would have been available to you, the Company or any of its affiliates had the matter been heard in court. All expenses of the arbitration, including the required travel
and other expenses of the arbitrator and any witnesses, and the costs relating to any proof produced at the direction of the arbitrator, shall be borne equally by you and the Company unless otherwise mutually agreed or unless the arbitrator directs
otherwise in the award. The arbitrator’s compensation shall be borne equally by you and the Company unless otherwise mutually agreed or unless the law provides otherwise. 
  
 10. Severability In the event that any portion of these Restricted Stock Award Terms and Conditions shall be held to be
invalid, the same shall not affect in any respect whatsoever the validity and enforceability of the remainder of these Restricted Stock Award Terms and Conditions. 
  
 11. Miscellaneous 
  
 (a) The terms and conditions set forth herein are subject in all respects to the terms of the Plan. In the event that any provision of hereof is
inconsistent with the terms of the Plan, the terms of the Plan shall govern. Any question of administration or interpretation arising hereunder shall be determined by the Committee or its delegates, and such determination shall be final and
conclusive upon all parties in interest. 
  
 (b) Nothing in the
Certificate or herein shall confer on you any right with respect to continuance of employment by the Company or any of its affiliates, nor will it interfere in any way with the right of the Company to terminate such employment at any time with or
without cause. 
  
 (c) You shall have none of the rights of a
shareholder with respect to the Shares until the Shares have vested in your favor as provided herein, except the rights to receive all cash dividends or other cash distributions and the right to vote. 
  
 (d) Any compensation realized from the receipt or payment of (or the lapse of
restrictions relating to) the Award shall constitute a special long-term incentive payment to you and shall not be taken into account as compensation in determining the amount of any benefit under any retirement or other employee benefit plan of the
Company or any of its affiliates. 
  

 4Non-Employee Director Deferred Compensation Plan

 Exhibit 10.1 
  
 WESTAR ENERGY, INC. 
 NON-EMPLOYEE DIRECTOR 
 DEFERRED COMPENSATION PLAN 
 Amended and Restated as of October 20, 2004 
  
 Effective as of January 1, 2005 
  
 1. Purposes; History. 
  
 The purpose of this Non-Employee Director Deferred Compensation Plan (the “Plan”) is to provide non-employee directors of Westar Energy,
Inc. (the “Company”) with the opportunity to elect to defer receipt of specified portions of their director remuneration. 
  
 The Plan was initially adopted by the Board on September 15, 1990 and subsequently amended and restated in its entirety as of January 1, 1994, and further
amended on May 17, 2000. Effective as of January 1, 2005 the Plan will be amended and restated in its entirety according to the terms and conditions hereof and beginning as of January 1, 2005 all deferrals by Eligible Directors will be subject to
the terms and conditions hereof. 
  
 2. Definitions.

  
 In addition to the terms defined in Section 1 above, the
following terms used in the Plan shall have the meanings set forth below: 
  
 (a) “Administrator” shall mean the Nominating and Corporate Governance Committee of the Board, unless otherwise determined by the Board. Any duty or responsibility allocated to the Administrator under
the Plan may also be performed or exercised by the Board. 
  
 (b)
“Beneficiary” shall mean any person (which may include trusts and is not limited to one person) who has been designated by the Participant in his or her most recent written beneficiary designation filed with the Company to receive
the benefits specified under the Plan in the event of the Participant’s death. If no Beneficiary has been designated who survives the Participant’s death, then Beneficiary means any person(s) entitled by will or, in the absence thereof,
the laws of descent and distribution to receive such benefits. 
  
 (c) “Board” shall mean the Board of Directors of the Company. 
  
 (d) “Code” shall mean the Internal Revenue Code of 1986, as amended. References to any provision of the Code or regulation (including a proposed regulation) thereunder shall include any successor
provisions or regulations. 

 (e) “Cash Deferral Account” shall mean the account or subaccount established and
maintained by the Company for specified deferrals of cash compensation by a Participant, as described in Section 6. Cash Deferral Accounts will be maintained solely as bookkeeping entries by the Company to evidence unfunded obligations of the
Company. 
  
 (f) “Deferral Account” shall mean a
Cash Deferral Account or Stock Deferral Account, as applicable. 
  
 (g) “Dividend Equivalents” has the meaning given in Section 8 hereof. 
  
 (h) “Eligible Director” shall mean a current member of the Board who is not an employee of the Company. 
  
 (i) “Participant” shall mean any Eligible Director who
participates or makes an election to participate in the Plan. 
  
 (j) “Prime Rate” shall mean the prime rate of interest in effect on the first business day of the applicable calendar year as such rate is reported by the Wall Street Journal (or, if no longer reported by the Wall Street
Journal, such other nationally recognized publication as selected by the Administrator). 
  
 (k) “Stock” means the common stock of the Company or such other securities or rights economically related to the common stock or other capital stock or securities of the Company as may be designated
by the Administrator, including restricted shares of the Company’s common stock and restricted share units. 
  
 (l) “Stock Deferral Account” shall mean the account or subaccount established and maintained by the Company for specified deferrals of
Stock compensation by a Participant, as described in Section 8. Stock Deferral Accounts will be maintained solely as bookkeeping entries by the Company to evidence unfunded obligations of the Company. 
  
 3. Administration. 
  
 (a) The Administrator shall administer the Plan in accordance with its
terms, and shall have all powers necessary to accomplish such purpose, including the power and authority to construe and interpret the Plan, to define the terms used herein, to prescribe, amend and rescind rules and regulations, agreements, forms,
and notices relating to the administration of the Plan (including timing and manner of elections to be made with respect to participation in the Plan), and to make all other determinations necessary or advisable for the administration of the Plan.
Any actions of the Administrator with respect to the Plan shall be conclusive and binding upon all persons interested in the Plan. The Administrator may appoint agents and delegate thereto powers and duties under the Plan, except as otherwise
limited by the Plan. 
  

 2 

 (b) Each member of the Administrator shall be entitled to, in good faith, rely or act upon any report or
other information furnished to him or her by any officer or other employee of the Company or any subsidiary, the Company’s independent certified public accountants, or any executive compensation consultant, legal counsel, or other professional
retained by the Company to assist in the administration of the Plan. To the maximum extent permitted by law, no member of the Administrator, nor any person to whom ministerial duties have been delegated, shall be liable to any person for any action
taken or omitted in connection with the interpretation and administration of the Plan. 
  
 4. Eligibility. 
  
 Each
Eligible Director shall be eligible to participate in the Plan. 
  
 5. Provisions Relating to Participant Deferrals. 
  
 (a) To the extent authorized by the Administrator, a Participant may elect to defer all or any portion of cash or Stock remuneration payable by the Company for the Participant’s service as a member of the Board, including retainers,
committee chair and meeting fees, and Stock awards, until such Participant ceases to be an Eligible Director or such other date or event as permitted under rules established by the Board and uniformly applied. The Administrator may impose
limitations on the amounts permitted to be deferred and other terms and conditions on deferrals under the Plan. Any such limitations, and other terms and conditions of deferral, shall be set forth in the rules relating to the Plan or election forms,
other forms, or instructions published by the Administrator. 
  
 (b) Once an election form, properly completed, is received by the Administrator, the elections of the Participant shall be irrevocable; provided, however, that the Administrator may permit a Participant to amend,
revoke, or supersede a prior election in such special circumstances as may be determined by the Administrator. 
  
 (c) An election to defer cash or Stock awards hereunder must be received by the Administrator prior to the date specified by the Administrator.

  
 6. Cash Deferral Accounts. 
  
 (a) One or more Cash Deferral Accounts will be established for each
Participant, as determined by the Administrator. The amount of cash compensation deferred with respect to each Participant will be credited to a Cash Deferral Account for such Participant as of the date on which such amounts 
  

 3 

 would have been paid to the Participant but for the Participant’s election to defer receipt hereunder. The amounts
of hypothetical income and appreciation and depreciation in value of such account, as applicable, will be credited and debited to, or otherwise reflected in, such Cash Deferral Account from time to time. 
  
 (b) Subject to the provisions hereof, amounts credited to a Cash Deferral
Account shall earn interest at a rate, with respect to any calendar year, equal to the Prime Rate plus one (1%) percent, and such interest will be credited to the Cash Deferral Account from time to time; provided,
however, that during the time period that installment payments are being made from a Cash Deferral Account, the balance of the Cash Deferral Account shall earn interest at a rate, with respect to any calendar year, equal to the Prime
Rate, and such accrued interest will be paid together with the next distribution from the account. 
  
 7. Settlement of Cash Deferral Accounts. 
  
 (a) The Company shall settle a Participant’s Cash Deferral Account and discharge all of its obligations to pay deferred compensation under the Plan
with respect to such Cash Deferral Account, by payment of cash in accordance with the Participant’s elections relating thereto. 
  
 (b) Payments in settlement of a Cash Deferral Account shall be made as soon as practicable after the date or dates (including upon the occurrence of
specified events) and in the manner directed by the Participant in his or her election relating to such Cash Deferral Account. 
  
 (c) Other provisions of the Plan notwithstanding, if, upon the written application of a Participant, the Administrator determines that the Participant has
a financial emergency of such a substantial nature and beyond the Participant’s control that payment of amounts previously deferred under the Plan is warranted, the Administrator may direct the payment to the Participant of all or a portion of
the balance of a Cash Deferral Account and the time and manner of such payment. 
  
 8. Stock Deferral Accounts 
  
 (a) One or more Stock Deferral Accounts will be established for each Participant, as determined by the Administrator. In the event of Stock deferrals, upon the date of grant or, if applicable, satisfaction of vesting of other conditions,
the Administrator will credit such Participant’s Stock Deferral Account with share credits equal to the number of shares of Stock elected to be deferred, including fractional share credits. 
  

 4 

 (b) The Participant is deemed to receive “dividends” on the shares of Stock credited to the
Participant’s Stock Deferral Account equal to the dividends paid on the Company’s common stock and such other dividend rights related to Stock, if any, whether vested or unvested, granted to the Participant as such rights are approved by
the Administrator (“Dividend Equivalents”). The notional dollar amount of the Dividend Equivalents will be converted into additional share credits of the Company’s common stock, including fractional share credits, and credited
to the Participant’s Stock Deferral Account by dividing (x) the notional dollar amount of the Dividend Equivalents by (y) the average of the highest and lowest sales price of the Company’s common stock for the three (3) trading days
immediately preceding the dividend payment date, unless the Administrator determines that another procedure for determining conversion would be more appropriate; provided, however, that during the time period that
installment distributions are being made from a Stock Deferral Account, the notional dollar amount of Dividend Equivalents earned on the balance of the Stock Deferral Account shall be paid together with the next distribution from the account.

  
 The Stock Deferral Account will be adjusted for any stock
dividends, stock splits or like events as determined by the Administrator. 
  
 9. Settlement of Stock Deferral Accounts. 
  
 (a) Issuance of shares of Stock in settlement of a Stock Deferral Account shall be made as soon as practicable after the date or dates (including upon the occurrence of specified events) and in the manner directed by
the Participant in his or her election relating to such Stock Deferral Account. 
  
 (b) Distributions in settlement of a Participant’s Stock Deferral Account shall be made in shares of the Company’s common stock, except that the value of (i) any fractional share and (ii) Dividend
Equivalents earned during the time period that installment distributions are being made from a Stock Deferral Account shall, in each case, be paid in cash. 
  
 (c) Other provisions of the Plan notwithstanding, if, upon the written application of a Participant, the Administrator determines that the Participant has
a financial emergency of such a substantial nature and beyond the Participant’s control that payment of amounts previously deferred under the Plan is warranted, the Administrator may direct the payment to the Participant of all or a portion of
the balance of a Stock Deferral Account and the time and manner of such payment. 
  
 10. Statements. 
  
 Participants shall receive statements reflecting the amount credited to a Participant’s Deferral Accounts and transactions therein not less frequently than once each calendar year. 
  

 5 

 11. Beneficiary. 
  
 In the case of the death of the Participant prior to the payment of all benefits accrued in such Participant’s Deferral
Accounts, the Beneficiary will receive the remainder of the accrued benefits in the Deferral Accounts in a lump sum payment or in such number of installments (not to exceed 15 years) as may be directed by the Participant in his or her election
relating to such Deferral Accounts. 
  
 12. Amendment,
Termination and Adjustments. 
  
 The Administrator may, with
prospective or retroactive effect, amend, alter, suspend, discontinue, or terminate the Plan at any time without the consent of Participants, shareholders, or any other person; provided, however, that, without the consent
of a Participant, no such action shall materially and adversely affect the rights of such Participant with respect to any rights to payment of amounts credited to such Participant’s Deferral Account. Notwithstanding the foregoing, the
Administrator may, in its sole discretion, terminate the Plan (in whole or in part) at any time and distribute to Participants (in whole or in part) the amounts credited to their Deferral Accounts. Notwithstanding anything to the contrary herein,
the Administrator may amend or terminate the Plan at any time to conform the Plan to or to comply with any applicable law or regulation with which the Administrator deems it necessary or desirable to comply. 
  
 13. General Provisions. 
  
 (a) Other than by will or the laws of descent and distribution, no right,
title or interest of any kind in the Plan shall be transferable or assignable by a Participant or his or her Beneficiary or be subject to alienation, anticipation, encumbrance, garnishment, attachment, levy, execution or other legal or equitable
process, nor subject to the debts, contracts, liabilities or engagements, or torts of any Participant or his or her Beneficiary. Any attempt to alienate, sell, transfer, assign, pledge, garnish, attach or take any other action subject to legal or
equitable process or encumber or dispose of any interest in the Plan shall be void. 
  
 (b) Payments (in any form) to any Participant or Beneficiary in accordance with the provisions of the Plan shall, to the extent thereof, be in full satisfaction of all claims for the compensation deferred and relating
to the Deferral Account to which the payments relate against the Company or any subsidiary thereof, and the Administrator may require such Participant or Beneficiary, as a condition to such payments, to execute a receipt and release to such effect.

  
 (c) The Plan is intended to constitute an “unfunded”
plan for deferred compensation and Participants shall rely solely on the unsecured promise of the Company for payment hereunder. With respect to any payment not yet made to a Participant under the Plan, nothing contained in the Plan shall give a
Participant any rights that are greater than those of a general unsecured creditor of the Company. 
  

 6 

 (d) A Participant in the Plan shall have no right to receive payment (in any form) with respect to his or
her Deferral Account until legal and contractual obligations of the Company relating to establishment of the Plan and the making of such payments shall have been complied in full. 
  
 (e) The Plan shall inure to the benefit of, and be binding upon, the parties hereto and their successors and assigns.

  
 (f) The validity, construction, and effect of the Plan and any
rules and regulations relating to the Plan shall be determined in accordance with the laws of the State of Kansas, without regard to provisions governing conflicts of laws, except as such matters may be governed by applicable federal law.

  
 (g) A Participant and his or her Beneficiary shall assume all
risk in connection with any decrease in value of the Deferral Account, if applicable, and neither the Company nor the Administrator shall be liable or responsible therefor. 
  
 (h) The captions and numbers preceding the sections of the Plan are included solely as a matter of convenience of reference
and are not to be taken as limiting or extending the meaning of any of the terms and provisions of the Plan. Whenever appropriate, words used in the singular shall include the plural or the plural may be read as the singular. 
  
 (i) In the event that any provisions of the Plan shall be declared illegal or
invalid for any reason, said illegality or invalidity shall not affect the remaining provisions of the Plan but shall be fully severable, and the Plan shall be construed and enforced as if said illegal or invalid provision had never been inserted
herein. 
  
 (j) The establishment and maintenance of, or
allocations and credits to, the Deferral Account of any Participant shall not vest in any Participant any right, title or interest in and to any Plan assets or benefits except at the time or times and upon the terms and conditions and to the extent
expressly set forth in the Plan. 
  
 14. Effective Date;
Termination. 
  
 The Plan, as amended and restated herein,
shall be effective as of January 1, 2005, and shall terminate at such time as the Company has no remaining obligations to Participants under the Plan. 
  

 7 

 WESTAR ENERGY, INC. 
 NON-EMPLOYEE DIRECTOR 
 DEFERRED COMPENSATION AGREEMENT 
  
 THIS AGREEMENT, made as of
                    , 200  , by and between Westar Energy, Inc. (the “Company”), and the
undersigned participant (“Participant”). 
  
 WITNESSETH in consideration of the premises, and the mutual promises and agreements herein contained, the parties hereto agree as follows, intending to be legally bound hereby: 
  
 1. Agreement Incorporates Plan. The terms of Westar Energy, Inc. Non-Employee Director Deferred Compensation Plan
(hereinafter referred to as “Plan”), effective as of January 1, 2005, are hereby incorporated herein and made a part hereof as if set out verbatim. The Plan and this Agreement set forth the terms that govern and control
Director’s participation in the Plan. Capitalized terms not defined herein shall have the meaning given in the Plan. 
  
 2. Director’s Agreement to Participate. By execution of this Agreement, Director hereby agrees to participate in the Plan pursuant to the
terms hereof, elects to defer compensation pursuant to Exhibit A, and designates his Beneficiary pursuant to Exhibit B. Exhibit A, which is the Election Deferring Compensation described in the Plan, is attached hereto and made a part hereof. Exhibit
B, which is Director’s Designation of Beneficiary, is attached hereto and made a part hereof. 
  
 3. Successors and Assigns. Except as otherwise provided herein, this Agreement shall inure to the benefit of and be binding upon Director, his
heirs, executors, and administrators and upon the Company, its successors and assigns, including but not limited to any corporation which may acquire all or substantially all of the Company’s assets and business or with or into which the
Company may be consolidated or merged. 
  
 4. Director’s
Acknowledgements. Director acknowledges that he has read all parts of the Plan and this Agreement, including Exhibits A and B annexed hereto and made a part of this Agreement, and has sought and obtained satisfactory answer(s) to any question(s)
he had as to his rights, obligations, and potential liabilities under this Agreement prior to affixing his signature and initials to any part of this Agreement. 
  

5. Governing Law. This Agreement shall be governed by the laws of the State of Kansas. 
  
 6. Counterparts. This Agreement may be executed in several
counterparts, each of which shall be an original, but such counterparts shall together constitute but one instrument. 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above
written. 
  

			
	WESTAR ENERGY, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

			
	DIRECTOR:
	
	  

	(Signature)	 	 
	Print Name:

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