Ban on Acceleration or Deferral. Under no circumstances may the time or schedule of any payment made or benefit provided pursuant to this Award Agreement be accelerated or subject to a further deferral except as otherwise permitted or required pursuant to regulations and other guidance issued pursuant to Section 409A of the Code.
Appears in 8 contracts
Samples: Restricted Stock Unit Agreement (Pinnacle West Capital Corp), Performance Share Agreement (Pinnacle West Capital Corp), Restricted Stock Unit Agreement (Arizona Public Service Co)
Ban on Acceleration or Deferral. Under no circumstances may the time or schedule of any Dividend Equivalent payment made or benefit provided pursuant to under Section 6(b) of this Award Agreement be accelerated or subject to a further deferral except as otherwise permitted or required pursuant to regulations and other guidance issued pursuant to Section 409A of the Code.
Appears in 2 contracts
Samples: Restricted Stock Agreement (Arizona Public Service Co), Restricted Stock Agreement (Arizona Public Service Co)
