SEC Contract Filing

Filing Date: 2016-05-04

Document Content:
<DOCUMENT>
<TYPE>EX-10.3.4
<SEQUENCE>9
<FILENAME>awk-ex1034_308.htm
<DESCRIPTION>EX-10.3.4 2016 PSU-IM AGREEMENT (FOR CERTAIN EXECUTIVES)
<TEXT>
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;font-size:12pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;font-size:12pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Exhibit 10.3.4</font></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">AMERICAN WATER WORKS COMPANY, INC. </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2007 OMNIBUS EQUITY COMPENSATION PLAN </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">PERFORMANCE STOCK UNIT GRANT </font></p>
<p style="text-align:center;margin-top:9pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This PERFORMANCE STOCK UNIT GRANT, dated as of February 16, 2016, (the &#8220;<font style="text-decoration:underline;">Date of Grant</font>&#8221;), is delivered by American Water Works Company, Inc. (the &#8220;<font style="text-decoration:underline;">Company</font>&#8221;) to _________________ (the &#8220;<font style="text-decoration:underline;">Participant</font>&#8221;).</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:9pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">RECITALS</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:12pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Committee (as defined in the American Water Works Company, Inc. 2007 Omnibus Equity Compensation Plan) has adopted a 2016 Long Term Performance Plan (&#8220;<font style="text-decoration:underline;">2016 LTPP</font>&#8221;) pursuant to which designated employees will be granted equity awards (collectively, the &#8220;<font style="text-decoration:underline;">Equity Award</font>&#8221;) for shares of Common Stock of the Company, par value $0.01 per share (the &#8220;<font style="text-decoration:underline;">Company Stock</font>&#8221;); </p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:12pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Equity Award is comprised of four separate grants, a nonqualified stock option, a restricted stock unit, and two performance stock unit grants;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:12pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Committee has determined that the Participant is eligible to participate in the 2016 LTPP and to grant the Participant an Equity Award under the 2016 LTPP; and </p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:12pt;text-indent:5.24%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Committee has determined that the performance stock unit portion of the Equity Award granted to the Participant pursuant to the 2016 LTPP shall be issued under the American Water Works Company, Inc. 2007 Omnibus Equity Compensation Plan (the &#8220;<font style="text-decoration:underline;">Plan</font>&#8221;), and the terms and conditions of the performance stock unit grant that may be earned based on performance goals relating to compounded earnings per share growth, as set forth in <font style="text-decoration:underline;">Exhibit&#160;A</font> attached hereto, shall be memorialized in this grant (the &#8220;<font style="text-decoration:underline;">Grant</font>&#8221;). </p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:12pt;text-indent:5.24%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">NOW, THEREFORE, the parties to this Grant, intending to be legally bound hereby, agree as follows: </p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.<font style="margin-left:36pt;"></font><font style="text-decoration:underline;">Grant of Performance Stock Units</font>. Subject to the terms and conditions set forth in this Grant and the Plan, the Company hereby grants to the Participant ___________ performance stock units (the &#8220;<font style="text-decoratio