Election of Form of Payment. Within 30 days after the Date of Grant, Employee must elect to receive payment for Employee’s vested Restricted Stock Units in cash or in fully transferable shares of Stock by completing and returning to the Company the election form attached to this Agreement. In the absence of a timely election by Employee, Employee will receive payment for the vested Restricted Stock Units in fully transferable shares of Stock.
Appears in 2 contracts
Samples: Award Agreement (Arizona Public Service Co), Restricted Stock Unit Agreement (Arizona Public Service Co)
Election of Form of Payment. Within 30 ___ days after the Date of Grant, Employee must elect to receive payment for Employee’s vested Restricted Stock Units in cash or in fully transferable shares of Stock by completing and returning to the Company the election form attached to this Agreement. In the absence of a timely election by Employee, Employee will receive payment for the vested Restricted Stock Units in fully transferable shares of Stock.
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (Arizona Public Service Co)
Election of Form of Payment. Within 30 45 days after the Date of Grant, Employee must elect to receive payment for Employee’s vested Restricted Stock Units in cash or and Dividend Equivalents in fully transferable shares of Stock or 50% in cash and 50% in fully transferrable shares of Stock by completing and returning to the Company the election form attached to this Agreement. In the absence of a timely election by Employee, Employee will receive payment for the vested Restricted Stock Units and Dividend Equivalents in fully transferable shares of Stock.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Pinnacle West Capital Corp)
Election of Form of Payment. Within 30 _____ days after the Date of Grant, Employee must elect to receive payment for Employee’s vested Restricted Stock Units in cash or and Dividend Equivalents in fully transferable shares of Stock or 50% in cash and 50% in fully transferrable shares of Stock by completing and returning to the Company the election form attached to this Agreement. In the absence of a timely election by Employee, Employee will receive payment for the vested Restricted Stock Units and Dividend Equivalents in fully transferable shares of Stock.
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (Pinnacle West Capital Corp)
Election of Form of Payment. Within 30 75 days after the Date of Grant, Employee must elect to receive payment for Employee’s vested Restricted Stock Units in cash or and Dividend Equivalents in fully transferable shares of Stock or 50% in cash and 50% in fully transferrable shares of Stock by completing and returning to the Company the election form attached to this Agreement. In the absence of a timely election by Employee, Employee will receive payment for the vested Restricted Stock Units and Dividend Equivalents in fully transferable shares of Stock.
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (Pinnacle West Capital Corp)