APS 2015 Annual Report Download - page 236
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five-year installment option. In the absence of any such designation, the remaining installment payments shall be paid to his or her
spouse if he or she is living on the date of the participant’s death or, in the absence of any such spouse, to his or her estate.
ARTICLE 15
MISCELLANEOUS
Nothing contained in this Plan shall be construed as a contract of employment between the Company and an employee, or as a
right of any employee to be continued in the employment of the Company, or as a limitation of the right of the Company to discharge
any of its employees, with or without cause.
All of the provisions of this Plan shall be binding upon all persons who shall be entitled to any benefit hereunder, their heirs
and personal representatives.
IN WITNESS WHEREOF, the Company has caused this Pinnacle West Capital Corporation Supplemental Excess Benefit
Retirement Plan, as amended and restated herein, to be executed by its duly authorized officer this 29th day of December 2015.
PINNACLE WEST CAPITAL CORPORATION
By:/s/ Donald E. Brandt
Name: Donald E. Brandt
Its: Chairman of the Board, President and Chief Executive Officer
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