APS 2015 Annual Report Download - page 210

Participant’s Beneficiary over the remaining number of years and in the same amounts as that benefit would have been paid to the
Participant had the Participant survived.
5.3 Payment of Discretionary Credits. Payment of a Participant’s Discretionary Credit Account shall be at the time and in
the manner provided in the written award of the Discretionary Credits. If the written award does not specify the time and manner of
payment of the Discretionary Credit Account, the Discretionary Credit Account will be paid in a lump sum within thirty (30) days after
the Participant’s Separation from Service. Payment of the Discretionary Credit Account shall not be made or commence prior to the
date which is six (6) months after the date of a Participant’s Separation from Service in the case of a Participant who is determined to
be a Specified Employee. Unless the written award provides otherwise, if a Participant dies prior to his or her Separation from Service,
the Discretionary Credit Account will be paid in a lump sum at the time specified in Section 5.2(a) of the Plan.
ARTICLE 6
Disability Credit
6.1 Disability Credit.
(a) Eligibility. By participating in the Plan, all Participants are eligible for this credit.
(b) Credit for Plan Year of Disability . A Participant who is determined to be suffering from a Disability, and who is
not receiving Base Annual Salary, Year-End Bonus and/or Directors Fees, shall be credited with an amount equal to that portion of the
Annual Deferral commitment that would otherwise have been withheld from the Participant’s Base Annual Salary, Year-End Bonus
and/or Directors Fees for the Plan Year during which the Participant first suffers Disability, unless the Disability ceases in the Plan
Year that it commences, in which case the crediting shall apply only for the period of Disability.
ARTICLE 7
Beneficiary Designation
7.1 Beneficiary. Each Participant shall have the right, at any time, to designate his or her Beneficiary (both primary as well as
contingent) to receive any benefits payable under the Plan to a Beneficiary upon the death of a Participant.
7.2 Beneficiary Designation and Change; Spousal Consent. A Participant shall designate his or her Beneficiary by
completing and signing the Beneficiary Designation Form, and returning it to the Company or its designated agent. A Participant shall
have the right to change a
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