SEC Contract Filing

Filing Date: 2018-11-07

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>2
<FILENAME>ex102evergyincformofindemn.htm
<DESCRIPTION>EVERGY INDEMNIFICATION AGREEMENT FORM
<TEXT>
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 <title>Exhibit</title>
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<div><a name="se7d0552db1d641a6a149dfb0a07397b9"></a></div><div><div style="line-height:120%;padding-bottom:24px;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exhibit 10.2</font></div><div style="line-height:120%;padding-bottom:24px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">INDEMNIFICATION AGREEMENT</font></div><div style="line-height:120%;padding-bottom:24px;text-align:justify;-sec-extract:summary;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;-sec-extract:summary;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">This Indemnification Agreement (this &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;) is made and entered into as of the ____ day of ______, 20__, by and between Evergy, Inc., a Missouri corporation (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Company</font><font style="font-family:inherit;font-size:12pt;">&#8221;) and _________ (&#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Indemnitee</font><font style="font-family:inherit;font-size:12pt;">&#8221;).</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">W I T N E S S E T H:</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, Indemnitee is either a member of the Board of Directors of the Company (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Board</font><font style="font-family:inherit;font-size:12pt;">&#8221;) or an officer of the Company, or both, and in such capacity or capacities is performing a valuable service for the Company;</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, the Company is aware that competent and experienced persons are increasingly reluctant to serve as directors or officers of corporations unless they are protected by comprehensive indemnification and liability insurance, due to increased exposure to litigation costs and risks resulting from their service to such corporations, and because the exposure frequently bears no reasonable relationship to the compensation of such directors and officers;</font></div><div style="line-height:120%;padding-bottom:0px;text-align:justify;padding-left:4px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, the Board has concluded that, to retain and attract talented and experienced individuals to serve or continue to serve as officers or directors of the Company, and to encourage such individuals to take the business risks necessary for the success of the Company, it is necessary for the Company contractually to indemnify and advance expenses to directors and officers and to assume for itself, to the fullest extent permitted by law, expenses and damages related to claims against such officers and directors in connection with their service to the Company and its subsidiaries;</font></div><div style="line-height:120%;padding-bottom:0px;text-align:justify;padding-left:4px;text-indent:48px;-sec-extract:summary;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:0px;text-align:justify;padding-left:4px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, the Amended and Restated Articles of Incorporation (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Articles of Incorporation</font><font style="font-family:inherit;font-size:12pt;">&#8221;) of the Company provide that the Company shall indemnify and advance expenses to all directors and officers of the Company in the manner set forth therein and to the fullest extent permitted by applicable law. In addition, the Missouri General Business and Corporate Law (as it may be amended from time to time, the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">MGBCL</font><font style="font-family:inherit;font-size:12pt;">&#8221;) empowers the Company to enter into agreements to indemnify its officers, directors, employees and agents, and persons who serve, at the request of the Company, as directors, officers, employees or agents of other corporations, partnerships, joint ventures, trusts or other enterprises, and expressly provides that the indemnification provided by the MGBCL is not exclusive;</font></div><div style="line-height:120%;padding-bottom:0px;text-align:justify;padding-left:4px;text-indent:48px;-sec-extract:summary;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:0px;text-align:justify;padding-left:4px;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">&#32;WHEREAS, the Company desires and has requested Indemnitee to serve or con