APS 2015 Annual Report Download - page 201

1.13 “Directors Fees” shall mean the annual fees paid by an Employer, including retainer fees and meetings fees, as
compensation for serving on a board of directors of an Employer.
1.14 “Disability” shall mean (i) in the case of a Participant who is an employee of an Employer, a period of disability during
which a Participant qualifies for benefits under the Participant’s Employer’s long-term disability plan, or (ii) in the case of a Participant
who is a Director, a period of disability during which the Participant would have qualified for benefits under such a plan, as determined
in the sole discretion of the Committee, had the Participant been an employee of an Employer.
1.15 “Disability Benefit” shall mean the benefit set forth in Article 6.
1.16 “Discretionary Credit Account” shall mean the account maintained to record any Discretionary Credits allocated to a
Participant in accordance with Section 3.9 and any interest on the Discretionary Credits.
1.17 “Discretionary Credits” shall mean the amounts, if any, allocated to a Participant pursuant to Section 3.9.
1.18 “Effective Date” shall mean January 1, 2016 except as otherwise provided in this document.
1.19 “Election Form” shall mean the form established from time to time by the Committee that a Participant completes, signs
and returns to the Company to make an election under the Plan.
1.20 “Employer” shall mean the Company, Arizona Public Service Company, an Arizona corporation, El Dorado Investment
Company, an Arizona corporation, Bright Canyon Energy Corporation, a Delaware corporation and/or any subsidiaries of such
corporations that have been selected by the Board to participate in the Plan.
1.21 “Participant” shall mean any employee or Director of an Employer (i) who is selected to participate in the Plan, (ii) who
elects to participate in the Plan, and (iii) who signs an Election Form and a Beneficiary Designation Form.
1.22 “Plan” shall mean this Deferred Compensation Plan of 2005 for Employees of Pinnacle West Capital Corporation and
Affiliates, which shall be evidenced by this amended and restated instrument, as it may be further amended from time to time.
1.23 “Plan Year” shall begin on January 1 of each year and continue through December 31.
3