0000764622-19-000019 Sample Contracts

TERM LOAN AGREEMENT
Term Loan Agreement • February 22nd, 2019 • Arizona Public Service Co • Electric & other services combined • New York

PINNACLE WEST CAPITAL CORPORATION, an Arizona corporation (the “Borrower”), the banks, financial institutions and other institutional lenders (the “Initial Lenders”) listed on the signature pages hereof, the other Lenders (as hereinafter defined), PNC BANK, NATIONAL ASSOCIATION and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Co-Syndication Agents, and KEYBANK NATIONAL ASSOCIATION, as Agent for the Lenders, agree as follows:

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DISCRETIONARY CREDIT AWARD AGREEMENT
Discretionary Credit Award Agreement • February 22nd, 2019 • Arizona Public Service Co • Electric & other services combined

This Discretionary Credit Award Agreement (the “Agreement”) is entered into by and between Arizona Public Service Company (“APS”) and Robert Bement (“Employee”).

RETENTION AGREEMENT
Retention Agreement • February 22nd, 2019 • Arizona Public Service Co • Electric & other services combined

This RETENTION AGREEMENT (“Agreement”) is entered into by and between Arizona Public Service Company (“APS”) and Robert Bement (“Employee”) (collectively the “Parties”). APS highly values and desires to continue to employ Employee, and Employee desires to continue to be employed by APS.

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