0001104659-12-032315 Sample Contracts

MASTER AMENDMENT TO PERFORMANCE SHARE AGREEMENTS
Performance Share Agreements • May 3rd, 2012 • Pinnacle West Capital Corp • Electric services

This Master Amendment is entered into by and between Pinnacle West Capital Corporation (the “Company”) and (“Employee”) as of this day of , 2012 (the “Effective Date”).

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PERFORMANCE SHARE AWARD AGREEMENT
Performance Share Award Agreement • May 3rd, 2012 • Pinnacle West Capital Corp • Electric services

THIS AWARD AGREEMENT is made and entered into as of , (the “Date of Grant”), by and between Pinnacle West Capital Corporation (the “Company”), and (“Employee”).

RESTRICTED STOCK UNIT AWARD AGREEMENT
Restricted Stock Unit Award Agreement • May 3rd, 2012 • Pinnacle West Capital Corp • Electric services

THIS AWARD AGREEMENT is made and entered into as of , 201 (the “Date of Grant”), by and between Pinnacle West Capital Corporation (the “Company”), and (“Employee”).

MASTER AMENDMENT TO RESTRICTED STOCK UNIT AGREEMENTS
Restricted Stock Unit Agreements • May 3rd, 2012 • Pinnacle West Capital Corp • Electric services

This Master Amendment is entered into by and between Pinnacle West Capital Corporation (the “Company”) and (“Employee”) as of this day of , 2012 (the “Effective Date”).

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