Common use of Termination of Award Clause in Contracts

Termination of Award. This Award Agreement will terminate and be of no further force or effect on the date that Employee is no longer employed by the Company or any of its subsidiaries, whether due to voluntary or involuntary termination, death, retirement, Disability, or otherwise, except as specifically set forth in Section 4 above or in Article 15 of the Plan. Employee will, however, be entitled to receive any Stock and Dividend Equivalents payable under Section 4 of this Award Agreement if Employee’s employment terminates after the end of the Performance Period but before Employee’s receipt of such Stock and Dividend Equivalents.

Appears in 6 contracts

Samples: Performance Share Award Agreement (Arizona Public Service Co), Performance Share Award Agreement (Arizona Public Service Co), Performance Share Award Agreement (Arizona Public Service Co)

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Termination of Award. This Award Agreement will terminate and be of no further force or effect on the date that Employee is no longer actively employed by the Company or any of its subsidiariesSubsidiaries, whether due to voluntary or involuntary termination, death, retirement, Disabilitydisability, or otherwise, except as specifically set forth in Section 4 above or in Article 15 of the Plan4. Employee will, however, be entitled to receive any Stock and Dividend Equivalents payable under Section 4 of this Award Agreement if Employee’s employment terminates after the end of the Performance Period but before Employee’s receipt of such Stock and Dividend Equivalents.

Appears in 5 contracts

Samples: Performance Share Agreement (Pinnacle West Capital Corp), Performance Share Agreement (Pinnacle West Capital Corp), Performance Share Agreement (Arizona Public Service Co)

Termination of Award. This Award Agreement will terminate and be of no further force or effect on the date that Employee is no longer employed by the Company or any of its subsidiariesSubsidiaries, whether due to voluntary or involuntary termination, death, retirement, Disabilitydisability, or otherwise, except as specifically set forth in Section 4 above or in Article 15 of the Plan. Employee will, however, be entitled to receive any Stock and Dividend Equivalents payable under Section 4 of this Award Agreement if Employee’s employment terminates after the end of the Performance Period but before Employee’s receipt of such Stock and Dividend Equivalents.

Appears in 1 contract

Samples: Performance Share Award Agreement (Arizona Public Service Co)

Termination of Award. This Award Agreement will terminate and be of no further force or effect on the date that Employee is no longer actively employed by the Company or any of its subsidiaries, whether due to voluntary or involuntary termination, death, retirement, Disabilitydisability, or otherwise, except as specifically set forth in Section 4 above or in Article 15 of the Plan. Employee will, however, be entitled to receive any Common Stock and Dividend Equivalents dividend equivalents payable under Section 4 of this Award Agreement if Employee’s employment terminates after the end of the Performance Period but before Employee’s receipt of such Common Stock and Dividend Equivalentsdividend equivalents.

Appears in 1 contract

Samples: Performance Share Agreement (Pinnacle West Capital Corp)

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Termination of Award. This Award Agreement will terminate and be of no further force or effect on the date that Employee is no longer employed by the Company or any of its subsidiariesSubsidiaries, whether due to voluntary or involuntary termination, death, retirement, Disabilitydisability, or otherwise, except as specifically set forth in Section 4 above or in Article 15 of the Plan4. Employee will, however, be entitled to receive any Stock and Dividend Equivalents payable under Section 4 of this Award Agreement if Employee’s employment terminates after the end of the Performance Period but before Employee’s receipt of such Stock and Dividend Equivalents.

Appears in 1 contract

Samples: Performance Share Award Agreement (Pinnacle West Capital Corp)

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