EX-10.17
from S-1/A
2 pages
March 20, 2006 James F. Mulski Senior Vice President - Human Resources «name» «company» «locality» Re: Retention Agreement Dear «name1»: You Received a Letter in December 2005 Advising You That You Would Be Eligible to Receive a Special Key Leadership Retention Bonus. • You Must Effectively Perform Your Job Duties and Responsibilities and Support the Divestiture; • You Must Acknowledge That This Bonus Is in Lieu of an Rwe Ltip Program; • You Must Maintain Confidentiality of This Agreement, Including Its Existence and the Specific Terms and Conditions Stated Herein; and • Your Employment With American Water Must Not Be Voluntarily Terminated by You or Terminated by the Company “For Cause.” Determination of Whether the Above Conditions for Payment of the Retention Bonus Have Been Satisfied Shall Be at the Sole Discretion of American Water. «name» Retention Agreement March 20, 2006 Page 2 if the Conditions Are Satisfied, Your Retention Bonus Will Be Paid in a Lump Sum Not Later Than 30 Days From the “Retention Date,” Subject to Any Applicable Federal, State and Local Taxes That Are Required to Be Withheld
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