Document:

Amendment 2011-1 to the Pension Plan for Employees

 Exhibit 10.1 
 AMENDMENT 2011-1 
 TO THE 

PENSION PLAN FOR EMPLOYEES OF 
 AMERICAN WATER WORKS COMPANY, INC. 
 AND ITS DESIGNATED SUBSIDIARIES

 Pursuant to the authority reserved to the Board of Directors of American Water Works Company, Inc. (the “Board”) under
Paragraph 56 of the Pension Plan for Employees of American Water Works Company, Inc. and its Designated Subsidiaries (the “Plan”) and as permitted under Paragraph 58 of the Plan, the Board hereby amends the Plan, effective as of
June 30, 2011, as follows: 
  

	1.	Paragraph 1 of the Plan is hereby amended by adding a new paragraph between the existing third and fourth paragraphs, to read as follows: 

“Effective as of July 1, 2011, in connection with that certain Stock Purchase Agreement, dated as of January 23, 2011, by
and among the Company, Arizona-American Water Company, New Mexico-American Water Company, Inc. and EPCOR Water (USA), Inc., pursuant to which the Company agreed to sell all of the issued and outstanding stock of Arizona-American Water Company and
New Mexico-American Water Company, Inc. to EPCOR Water (USA), Inc., (the “Sale”) the Company is transferring the assets and liabilities attributable to those Participants who are, or were previously, employed by Arizona-American Water
Company and New Mexico-American Water Company, Inc. to the Pension Plan for Employees of Arizona-American Water Company and New Mexico-American Water Company, Inc. (the “Arizona-New Mexico Pension Plan”), a new pension plan established for
such Participants. Such assets and liabilities include those attributable to active Participants as of June 30, 2011, terminated vested Participants, and retired Participants (or their Beneficiaries) who are receiving benefit payments from the
Plan, all of whom are, or were previously, employed by Arizona-American Water Company or New Mexico-American Water Company, Inc. (collectively, the “Arizona-New Mexico Employees”). Any benefit to which an Arizona-New Mexico Employee may
have been entitled under the Plan immediately prior to July 1, 2011 shall not be provided under the Plan, but instead shall be provided under the Arizona-New Mexico Pension Plan. In addition, with respect to any Participant who is transferred
to the employment of Arizona-American Water Company and New Mexico-American Water Company, Inc. from the Employer on or after July 1, 2011 and prior to the consummation date of the Sale, assets and liabilities with respect to such
Participant’s Accrued Benefit under the Plan, if any, shall be transferred to the Arizona-New Mexico Pension Plan. Furthermore, with respect to any participant under the Arizona-New Mexico Pension Plan who transfers employment from
Arizona-American Water Company and New Mexico-American Water Company, Inc. to the Employer prior to the consummation date of the Sale, assets and liabilities with respect to such participant’s Accrued Benefit under the Arizona-New Mexico
Pension Plan shall be transferred back to this Plan and be payable from this Plan to such transferred participant. 
 The
Arizona-New Mexico Employees described in this paragraph are identified in Appendix 6 attached hereto.” 

	2.	Exhibit A-1 (List of Designated Subsidiaries) of the Plan is hereby amended to delete the references to “Arizona-American Water Company” and “New
Mexico-American Water Company.” 

 “EXHIBIT A-1” 

LIST OF DESIGNATED SUBSIDIARIES 
  

	 	•	 	 American Water Works Company, Inc. 

  

	 	•	 	 American Water Enterprises, Inc. 

  

	 	•	 	 AAET, L.P. 

  

	 	•	 	 EA2 Systems L.C. 

  

	 	•	 	 American Water Operations and Maintenance, Inc. 

  

	 	•	 	 American Water Services CDM, Inc. 

  

	 	•	 	 Environmental Management Corporation (effective June 1, 2010) 

 

	 	•	 	 American Water Resources, Inc. 

  

	 	•	 	 American Water Works Service Company, Inc. 

  

	 	•	 	 Applied Water Management, Inc. 

  

	 	•	 	 California-American Water Company 

  

	 	•	 	 Citizens Utilities Company 

  

	 	•	 	 Hawaii American Water Company 

  

	 	•	 	 Illinois-American Water Company 

  

	 	•	 	 Indiana-American Water Company, Inc. 

  

	 	•	 	 Iowa-American Water Company 

  

	 	•	 	 Kentucky-American Water Company 

  

	 	•	 	 Long Island Water Corporation 

  

	 	•	 	 Maryland-American Water Company 

  

	 	•	 	 Michigan American Water Company 

  

	 	•	 	 Missouri-American Water Company 

  

	 	•	 	 New Jersey-American Water Company, Inc. 

  

	 	•	 	 Ohio-American Water Company 

  

	 	•	 	 Pennsylvania-American Water Company 

  

	 	•	 	 Tennessee-American Water Company 

  

	 	•	 	 Texas American Water Company 

  

	 	•	 	 Virginia-American Water Company 

  

	 	•	 	 United Water Virginia, Inc. 

  

	 	•	 	 West Virginia-American Water Company 

  

	 	•	 	 Bluefield Valley Water Works Company 

  
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	3.	A new Appendix 6 is hereby added to the Plan: 

 “APPENDIX 6” 
 Arizona-New Mexico Employees 

Effective July 1, 2011, the following Participants shall not be eligible to receive any benefit or future benefit under the Plan
– 
 AWW PARTICIPANTS ON WHOSE BEHALF BENEFITS WERE TRANSFERRED TO THIS PLAN 

 

			
	 Employee No.
	  	 Participant

	23000807	  	Akine, Blaine H.
	23001408	  	Andre, Carole C.
	50249000	  	Appelhans, Courtney L.
	50114003	  	Arnold, Cynthia D.
	19000001	  	Autrey, Bill R.
	23000709	  	Avery, Brian K.
	50185566	  	Barnard, Dale H.
	23001238	  	Baysinger, Terri E.
	50139659	  	Bean, Kenneth S.
	19000002	  	Bell, Shelley J.
	23000711	  	Benedict Jr., Thomas M.
	23000712	  	Bermea, Robert G.
	23000696	  	Berry, Larry A.
	23000713	  	Biesemeyer, Brian K.
	19000003	  	Bonner, James A.
	19000005	  	Brockmeier, L. Laquane
	50166410	  	Broderick, Thomas M.
	23000343	  	Bromley, J. Colleen
	23001240	  	Brouws, Antoinette
	23000715	  	Bruno, Ray T.
	50122459	  	Burton, Garry T.
	50048608	  	Butler, Michael R.
	50140812	  	Cabrera, Nicholas A.
	50248994	  	Camacho, Daniel
	23001241	  	Camacho, Rigoberto
	50176132	  	Ceccarelli-Wolf, Sally L.
	50098260	  	Chapman, Nancy L.
	50122454	  	Chihanik, John M.
	23001200	  	Cho, Hyung-Yul
	23000719	  	Clark, Jerry R.
	23000720	  	Clark, Mark R.
	5000001	  	Cole, Bradley J.
	50037496	  	Conner, Donald W.
	19000007	  	Conover, Dale E.
	23000010	  	Cooks, Torrey L.
	23001501	  	Coppinger, Eric L.
	23000722	  	Cordova, Gilbert
	T-10/16/95	  	Cota, Karen M.

  
 3 

			
	23000723	  	Cron, Robert L.
	24018916	  	Crooks, Ian
	19000009	  	Daly, Brian A.
	23001244	  	Day, Garry T.
	23000780	  	Delgadillo, Hector F.
	23001245	  	Delgado, Christopher J.
	23000725	  	Deyoung Sr., Thomas W.
	23000727	  	Diego, Brian J.
	23000728	  	DiFrancisco, Bruce E.
	50180529	  	Dominguez, Johnnie D.
	50229352	  	Dotray, David J.
	50147427	  	Duarte, Isaac J.
	23001248	  	Duhamell Mark E.
	19000010	  	Eagle, Glenn E.
	19000011	  	Encinias, Leroy J.
	23000730	  	Espinoza Jr., Daniel B.
	23000732	  	Evans, Charles D.
	23001250	  	Faiello, Arthur W.
	50164845	  	Farrell, Todd R.
	50157397	  	Fernandez, Camila
	50089220	  	Finke, Brad W.
	23000734	  	Fisher, Erman C.
	23000735	  	Flanagan, Jon S.
	50191151	  	Flores, Jesus M.
	23001251	  	Flores, John A.
	23000738	  	Franz, Jeannie E.
	23000739	  	Franz, Volker M.
	23000740	  	Garcia, Robert
	23000741	  	Giulioli, Matthew R.
	50049882	  	Gonzales Jr., Paul H.
	23000742	  	Griffith, Douglas J.
	50018773	  	Grooman Jr, James A.
	50168957	  	Gross, Joseph E.
	3000117	  	Gutowski, Linda J.
	50048605	  	Gwinn, Martina J.
	19000012	  	Hadley, Shawn M.
	23000802	  	Hairston, Anitria W.
	23000744	  	Hampshire, B. Diane
	23000008	  	Hawking, Michael C.
	19000013	  	Hawkins, Loretto M.
	23000746	  	Hernandez, Gustabo
	23000021	  	Hernandez, Michael
	19000015	  	Hopkins, Sondra A.
	23000748	  	Huckeby, Nancy J.
	23000006	  	Huddleston, Lee F.
	50098096	  	Huerta, Mark A.
	23001254	  	Humble, James W.
	23000749	  	Hunt, Sanford R.
	50245515	  	Huntspon, Melvin
	19000016	  	Ingram, Mark O.

  
 4 

			
	19000538	  	Irwin, Janet N.
	23000750	  	Ishmael, James D.
	23000751	  	Jackson, Ronald C.
	50059917	  	James, Rebecca
	23001255	  	Jones, Ray L.
	23000753	  	Kennow, Dale E.
	50089211	  	Kennow, Dolores J.
	50287994	  	Kolibas, Daniel
	23001260	  	Kriess, Jason S.
	50437986	  	Kunselman, Carol
	23000756	  	Landoni, Dean L.
	23000757	  	Lands, James T.
	19001479	  	Lee, Timothy W.
	23000002	  	Leyva, Saul H.
	23000760	  	Lingenfelter, Bradley S.
	50251281	  	Lovisetto, Alessandro G.
	23001419	  	Loyd, Neil G.
	17000053	  	Lutringer, Steven J.
	23000761	  	Mahoney, Raymond B.
	50205777	  	Mares, William
	50154897	  	Marez, Josephine D.
	23000762	  	Marlow, Jefferey A.
	23000763	  	Martinez, Andrew
	23001263	  	Masson, Michael G.
	23000764	  	Mcdonald, Jeff
	23000003	  	McKinney, Floyd Keith
	50196564	  	McQuay, Patrick M.
	50049875	  	McReynolds, Mary C.
	23001283	  	Mecham, Jeremiah
	19001097	  	Meeks, Matthew L.
	50241716	  	Mercado, Miguel A.
	50161249	  	Miller, Nina E.
	23000766	  	Mincher, Bradley J.
	23001285	  	Monroe, Robert M.
	23000007	  	Montgomery, Joyce A.
	19000018	  	Montoya, M. Lupe
	50202890	  	Moore, Karan L.
	23000768	  	Moore, Richard S.
	23000769	  	Nicolai, Deborah L.
	19000019	  	Ortega, Yolanda J.
	50193783	  	Oxx, Michael L.
	23000743	  	Papini, Kathleen A.
	23001286	  	Payan, John F.
	23001287	  	Perez Jr., Roy
	23000004	  	Perreault, Linda Marie
	17003606	  	Polt, Kenneth G.
	50107231	  	Poston, Daniel H.
	23000771	  	Qualls, Shawntel
	3001284	  	Radwanski, Edward J.
	50049884	  	Ramirez, Pedro

  
 5 

			
	23001289	  	Reyes, Paul M.
	50197699	  	Reyna Jr., Fernando
	23000773	  	Reynolds, Bert L.
	17000095	  	Reynolds, Brian L.
	23000774	  	Reynolds, Johnny L.
	23000775	  	Rios, Frank J.
	50241693	  	Rivera, Steve M.
	50147422	  	Romero, Rafael
	50245493	  	Salazar, Joe L.
	23000779	  	Samarripa Jr., Ygnasio
	23000781	  	Santillan, Joe J.
	19000078	  	Schaeffer, Janet E.
	23001290	  	Shore, Josephine K.
	50033559	  	Spartz, Adam P.
	50220117	  	Stevens, Angel
	50212416	  	Stevens, Mark
	19000022	  	Stewart, Kathy L.
	50088030	  	Stillman, Linda C.
	50213543	  	Stuck, Jeffrey W.
	19000023	  	Sutherland Jr., James C.
	50073630	  	Sutton, Richard B.
	19000024	  	Swann, Norman C.
	23000786	  	Tacho, Ernest
	23000787	  	Taylor James G.
	50202861	  	Taylor, Paul D.
	19000025	  	Tharp, Jeff E.
	23000788	  	Thomas, Kenneth R.
	23000789	  	Thompson, Michael J.
	19000026	  	Thornton, Robert E.
	23000790	  	Tober, Vivien
	50048603	  	Torres, Thomas S.
	5010145	  	Townsley, Paul G.
	23001003	  	Troub, Molly
	23001294	  	Tucker, Thomas D.
	19000027	  	Underwood, Tommy L.
	23000794	  	Uraine, Steven S.
	50255413	  	Vig, Joshua A.
	23000795	  	Wachter, John P.
	23001295	  	Wahlers, Clifford D.
	23001050	  	Wallace, Robert A.
	5006850	  	Wallstead, William L.
	50090066	  	Ward, David A.
	23000009	  	West, John M.
	50114842	  	White, William
	23000798	  	Wilkins, Charles D.
	23000800	  	Wilkins, Karl B.
	50332044	  	Windham, Todd
	50141141	  	Winter, Thomas G.
	50191189	  	Wood, Alexandra L.
	19000029	  	Wright, Kathy A.

  
 6 

			
	23001296	  	Yates, Amy K.
	23000805	  	Zamora, Daniel V.

 IN WITNESS WHEREOF, and as evidence of the adoption of this Amendment 2011-1 to the Plan set forth
herein, the Board has caused this instrument to be executed this 17th day of June, 2011. 
  

			
		
	/S/	 	Sean Burke         
	By:	 	 Sean Burke
 Vice President,
Human Resources

  
 72007 Omnibus Equity Compensation Plan 2011 Form of Stock Unit Grant Agreement

 Exhibit 10.2 
 FORM FOR 
 NON-EMPLOYEE DIRECTORS – 

2011 GRANT 
 AMERICAN WATER WORKS COMPANY, INC. 
 2007 OMNIBUS EQUITY COMPENSATION PLAN

 STOCK UNIT GRANT 
 This STOCK UNIT GRANT, dated as of May 6, 2011 (the “Date of Grant”), is delivered by American Water Works Company, Inc. (the “Company”) to
                 (the “Participant”). 
 RECITALS 
 WHEREAS, the Committee (as defined in the American Water Works
Company, Inc. 2007 Omnibus Equity Compensation Plan) has determined to grant each non-employee member of the Board of Directors of the Company (the “Board”) who is a non-employee director of the Company immediately following the
Company’s 2011 Annual Stockholder meeting a stock unit grant that will be converted to shares of common stock of the Company, par value $0.01 per share, (the “Company Stock”) at a later date; 

WHEREAS, the Participant is a non-employee director on the Board; and 

WHEREAS, the Committee has determined that the stock unit grant granted to the Participant shall be issued under the American Water Works
Company, Inc. 2007 Omnibus Equity Compensation Plan (the “Plan”) and the terms and conditions of such stock unit shall be memorialized in this grant (the “Grant”). 

NOW, THEREFORE, the parties to this Grant, intending to be legally bound hereby, agree as follows: 

1. Grant of Stock Units. Subject to the terms and conditions set forth in this Grant and the Plan, the Company hereby grants to the Participant
                 units (the “Stock Units”). Each Stock Unit shall be a phantom right and shall be equivalent to one share of Company Stock on the
applicable distribution date, as described in Paragraph 4 below. 
 2. Stock Unit Account. The Company shall establish and maintain a
Stock Unit account as a bookkeeping account on its records (the “Stock Unit Account”) for the Participant and shall record in such Stock Unit Account the number of Stock Units granted to the Participant. The Participant shall not
have any interest in any fund or specific assets of the Company by reason of this grant or the Stock Unit Account established for the Participant. 

 3. Vesting. The Participant shall be fully vested in the Stock Units credited to the
Participant’s Stock Unit Account pursuant to this Grant on the Date of Grant. 
 4. Distribution. The Stock Units shall be converted
to shares of Company Stock and distributed by the Company within thirty (30) days following the earlier of (i) August 10, 2012 (the “Specified Date”) (or, if applicable, the Deferred Date, as defined in Paragraph 5
below), (ii) the Participant’s separation from service (within the meaning of section 409A of the Internal Revenue Code of 1986, as amended (the “Code”)) with the Company (the “Separation from Service
Date”), or (iii) the date of a Change of Control (as defined below) (the “Change of Control Date”). At the time of distribution, all Stock Units shall be converted to an equivalent number of shares of Company Stock,
and the Participant shall receive a single sum distribution of such shares of Company Stock, which shall be issued under the Plan. For purposes of this Grant, the term “Change of Control” shall have the same meaning as such term is defined
in the Plan, except that a Change of Control shall not be deemed to have occurred for purposes of this Grant unless the event constituting the Change of Control constitutes a change in ownership or effective control of the Company, or in the
ownership of a substantial portion of the assets of the Company, within the meaning of section 409A of the Code and its corresponding regulations. 
 5. Deferrals. The Participant may make an irrevocable election to defer the Specified Date (or further defer the Deferred Date (as defined below), if applicable) of all of the Stock Units,
plus dividend equivalents earned on such Stock Units as described in Paragraph 6 below, to a later date, provided that (i) the election shall not take effect until at least twelve (12) months after the date on which the election is made,
(ii) the deferred Specified Date cannot be earlier than five (5) years from the original Specified Date under Paragraph 4 (or five (5) years from the applicable Deferred Date, if a subsequent deferral of a Deferred Date is being
made), and (iii) the election must be made no less than twelve (12) months prior to the date of the Specified Date (or twelve (12) months prior to the previously applicable Deferred Date, if a subsequent deferral of a Deferred Date is
being made). To defer the Specified Date, the Participant must elect to defer 100% of the Stock Units, including corresponding dividend equivalents, granted to the Participant under this Grant and complete the deferral election form provided to the
Participant by the Committee, in the form attached hereto as Exhibit A or as may subsequently modified in the discretion of the Committee. If the Participant desires to make a further deferral, the Participant must make such election on a
separate form provided by the Committee for such purpose. Any such election shall be made in accordance with section 409A of the Code and any corresponding guidance and regulations issued under section 409A of the Code. Notwithstanding a
Participant’s election pursuant to this Paragraph, if the Separation from Service Date or Change of Control Date occurs prior to the Deferred Date, the distribution of the Participant’s Stock Units, plus corresponding dividend equivalents,
will be made as a result of the occurrence of the Separation from Service Date or Change of Control Date, whichever is earlier. If a Specified Date is delayed one or more times pursuant to this Paragraph 5, the new Specified Date shall be referred
to as the “Deferred Date.” 
 6. Dividend Equivalents. Until the earlier of the Specified Date (or the Deferred Date, if
elected), Separation from Service Date or Change of Control Date, if any dividends are declared with respect to the shares of Company Stock, the Company shall credit to a dividend equivalent account (the “Dividend Equivalent
Account”) the value of the dividends that would have been distributed if the Stock Units credited to the Participant’s Stock Unit Account at the time of the declaration of the dividend were shares of Company Stock. At the same time
that the Stock Units are converted to shares of Company Stock and distributed to the Participant, the Company shall pay to the Participant a lump sum cash payment equal to the value of the dividends credited to the Participant’s Dividend
Equivalent Account. No interest shall accrue on any dividend equivalents credited to the Participant’s Dividend Equivalent Account. 
  

  
 2 

 7. Change of Control. Except as set forth above, the provisions set forth in the Plan applicable to a
Change of Control (as defined in the Plan) shall apply to the Stock Units, and, in the event of a Change of Control, the Committee may take such actions as it deems appropriate pursuant to the Plan and is consistent with the requirements of section
409A of the Code. 
 8. Acknowledgment by Participant. By accepting this Grant, the Participant acknowledges that with respect to any
right to distribution pursuant to this Grant, the Participant is and shall be an unsecured general creditor of the Company without any preference as against other unsecured general creditors of the Company, and the Participant hereby covenants for
himself or herself, and anyone at any time claiming through or under the Participant, not to claim any such preference, and hereby disclaims and waives any such preference which may at any time be at issue, to the fullest extent permitted by
applicable law. The Participant also hereby agrees to be bound by the terms and conditions of the Plan and this Grant. The Participant further agrees to be bound by the determinations and decisions of the Committee with respect to this Grant and the
Plan and the Participant’s rights to benefits under this Grant and the Plan, and agrees that all such determinations and decisions of the Committee shall be binding on the Participant, his or her beneficiaries and any other person having or
claiming an interest under this Grant and the Plan on behalf of the Participant. 
 9. Restrictions on Issuance or Transfer of Shares of
Company Stock. 
 (a) The obligation of the Company to deliver shares of Company Stock upon the distribution of the Stock
Units shall be subject to the condition that if at any time the Committee shall determine in its discretion that the listing, registration or qualification of the shares of Company Stock upon any securities exchange or under any state or federal
law, or the consent or approval of any governmental regulatory body is necessary or desirable as a condition of, or in connection with, the issuance of shares of Company Stock, the shares of Company Stock may not be issued in whole or in part unless
such listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Committee. The issuance of shares of Company Stock and the payment of cash to the Participant pursuant
to this Grant is subject to any applicable taxes and other laws or regulations of the United States or of any state having jurisdiction thereof. 
 (b) As a condition to receive any shares of Company Stock upon conversion of the Stock Units, the Participant agrees: 
 (i) to be bound by the Company’s policies regarding the limitations on the transfer of such shares, and understands that there may be certain times during the year that the Participant will be
prohibited from selling, transferring, pledging, donating, assigning, mortgaging, hypothecating or otherwise encumbering the shares; and 

  
 3 

 (ii) that the shares of Company Stock obtained by the Participant upon the distribution of
the Stock Units shall not be tradeable until the Participant owns enough shares of Company Stock outright, as stock units convertible into shares of Company Stock, and time-based restricted Company Stock, to meet or exceed four (4) times the
Participant’s annual cash retainer, which ownership requirement must be satisfied by the later of February 2015, or the fifth anniversary of the Participant’s commencement of service as a director on the Board. 

10. Grant Subject to Plan Provisions. This Grant is made pursuant to the Plan, the terms of which are incorporated herein by reference, and in all
respects shall be interpreted in accordance with the Plan. In the event of any contradiction, distinction or difference between this Grant and the terms of the Plan, the terms of the Plan will control. Except as otherwise defined in this Grant,
capitalized terms used in this Grant shall have the meanings set forth in the Plan. This Grant is subject to the interpretations, regulations and determinations concerning the Plan established from time to time by the Committee in accordance with
the provisions of the Plan, including, but not limited to, provisions pertaining to (i) rights and obligations with respect to withholding taxes, (ii) the registration, qualification or listing of the shares of Company Stock,
(iii) changes in capitalization of the Company, and (iv) other requirements of applicable law. The Committee shall have the authority to interpret and construe this Grant pursuant to the terms of the Plan, its decisions shall be conclusive
as to any questions arising hereunder and the Participant’s acceptance of this Grant is the Participant’s agreement to be bound by the interpretations and decisions of the Committee with respect to this Grant and the Plan. 

11. No Rights as Stockholder. The Participant shall not have any rights as a stockholder of the Company, including the right to any cash dividends
(except as provided in Paragraph 6), or the right to vote, with respect to any Stock Units. 
 12. No Rights to Continued Employment or
Service. This Grant shall not confer upon the Participant any right to be retained in the employment or service of the Employer (as defined in the Plan) and shall not interfere in any way with the right to terminate the Participant’s
employment or service at any time. The right to terminate at will the Participant’s employment or service at any time for any reason is specifically reserved. 
 13. Assignment and Transfers. No Stock Units or dividend equivalents awarded to the Participant under this Grant may be transferred, assigned, pledged, or encumbered by the Participant and the
Stock Units and dividend equivalents shall be distributed during the lifetime of the Participant only for the benefit of the Participant. Any attempt to transfer, assign, pledge, or encumber the Stock Units or dividend equivalents under this Grant
by the Participant shall be null, void and without effect. The rights and protections of the Company hereunder shall extend to any successors or assigns of the Company. This Grant may be assigned by the Company without the Participant’s
consent. 
 14. Withholding. To the extent required by applicable law, the Participant shall be required to pay to the Company, or make
other arrangements satisfactory to the Company to provide for the payment of, any federal, state, local or other taxes that the Company is required to withhold with respect to the Grant, vesting or distribution of the Stock Units and dividend
equivalents. 

  
 4 

 15. Effect on Other Benefits. The value of shares of Company Stock and dividend equivalents
distributed with respect to the Stock Units shall not be considered eligible earnings for purposes of any other plans maintained by the Employer. Neither shall such value be considered part of the Participant’s compensation for purposes of
determining or calculating other benefits that are based on compensation, such as life insurance. 
 16. Applicable Law. The validity,
construction, interpretation and effect of this Grant shall be governed by and construed in accordance with the laws of the State of Delaware, without giving effect to the conflicts of laws provisions thereof. 

17. Notice. Any notice to the Company provided for in this instrument shall be addressed to the Company in care of the General Counsel at the
Company’s corporate headquarters, and any notice to the Participant shall be addressed to such Participant at the current address shown on the records of the Company, or to such other address as the Participant may designate to the Company in
writing. Any notice shall be delivered by hand, sent by telecopy or enclosed in a properly sealed envelope addressed as stated above, registered and deposited, postage prepaid, in a post office regularly maintained by the United States Postal
Service. 
 18. Section 409A of the Code. 
 (a) This Grant is intended to comply with the requirements of section 409A of the Code and shall be interpreted and administered to avoid any penalty sanctions under section 409A of the Code. If any
distribution cannot be provided or made at the time specified herein or as elected by the Participant, then such distribution shall be provided in full at the earliest time thereafter when such sanctions cannot be imposed. Unless a valid election is
made pursuant to Paragraph 5 above, in no event may the Participant designate the calendar year of distribution. 
 (b)
Notwithstanding any provision to the contrary in this Grant, if any of the distributions under this Grant are payable to the Participant upon separation from service (within the meaning of section 409A of the Code) from the Employer, then if at the
time of the Participant’s separation from service the Participant is a “specified employee” (as such term is defined in section 409A(2)(B)(i) of the Code and its corresponding regulations) as determined by the Company (or any
successor thereto) in its sole discretion in accordance with its specified employee determination policy, then all distributions to the Participant pursuant to this Grant shall be postponed for a period of six (6) months following the
Participant’s separation from service from the Employer. The postponed amounts shall be distributed to the Participant in a lump sum within thirty (30) days after the date that is six (6) months following the Participant’s
separation from service from the Employer. If the Participant dies during such six-month period and prior to the distribution of the postponed amounts hereunder, the amounts delayed on account of section 409A of the Code shall be distributed to the
personal representative of the Participant’s estate within sixty (60) days after the date of the Participant’s death, and any amounts not delayed shall be distributed to the personal representative of the Participant’s estate in
accordance with the terms of this Grant. 
 [SIGNATURE PAGE FOLLOWS] 

  
 5 

 IN WITNESS WHEREOF, the Company has caused its duly authorized officer to execute this
Grant, effective as of the Date of Grant. 
 AMERICAN WATER WORKS COMPANY, INC. 

 

			
		
	By:	 	/s/ Jeffry E. Sterba
	Its:	 	President and CEO

  
 6 

 EXHIBIT A 
 SUBSEQUENT DEFERRAL ELECTION FORM 
 PART A. TIME OF DISTRIBUTION 

I,                 , (the “Participant”) hereby
irrevocably elect to have all of the Stock Units, plus corresponding dividend equivalents, (the “Deferred Units”) granted to me pursuant to the Stock Unit Grant, dated as of May 6, 2011, (the “Grant”) under the
American Water Works Company, Inc. 2007 Omnibus Equity Compensation Plan (the “Plan”) that would have been distributed by American Water Works Company, Inc. to me on the Specified Date (as defined in the Grant), instead be
distributed to me on the deferred date designated below (the “Deferred Date”), which date must be at least five (5) years later than the Specified Date, and this election is at least twelve (12) months prior to the
Specified Date (to make this deferral election you must defer all of the Stock Units, plus corresponding dividend equivalents, granted to you pursuant the Grant, meaning there is no partial deferral): 

 

					
	 Number of Stock
Units, and Dividend
Equivalents, to be
Further Deferred
(All Must
Be
 Deferred)
	 	 Original Specified Date
(Election Must Be Made at
Least 12 Months Prior to
the
Specified Date)
	 	 Deferred Date 
(Must be a date that is at least
five years later than the

Original Specified Date)

	 100%
	 	August 10, 2012	 	

 PART B. ACKNOWLEDGMENT 
 I understand and expressly agree that (i) the Deferred Date for the Deferred Units shall be the date I specified in Part A above (which is a date that is at least five (5) years later than the
original Specified Date), and (ii) I will not be entitled to receive distribution of the Deferred Units on an earlier date, except in the event that the Separation from Service Date (as defined in the Grant) or the Change of Control Date (as
defined in the Grant) occurs prior to the Deferred Date. I also understand and expressly agree that this deferral election is irrevocable, is being made at least twelve (12) months prior to the original Specified Date, and shall not take effect
until twelve (12) months after the date on which I make this election. I further understand and agree that the terms and conditions of the Grant and the Plan are hereby incorporated into this form. Lastly, I understand and agree that this
deferral election applies to 100% of the Stock Units, and corresponding dividend equivalents, granted to me pursuant to the Grant. 

PARTICIPANT SIGNATURE 
  

									
	Participant:	 	 	 		 	Date:	 	 
				
	Receipt Acknowledged:	 		 		 	
					
	By:	 	 	 		 		 	
					
	Title:	 	 	 		 	Date:

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