APS 2001 Officers Variable Incentive Plan

Summary

This agreement outlines APS's 2001 Officers Variable Incentive Plan, which allows the Chief Executive Officer, with approval from the Human Resources Committee of the Board, to select participating officers, set their incentive levels, and establish performance goals. At the end of each year, the CEO, again with committee approval, determines if the goals are met and the amount of incentive pay awarded. The plan is designed to reward officers based on company and individual performance.

EX-10.6.A 7 ex10-6a.txt 2000 OFFICERS VARIABLE INCENTIVE PLAN (APS) Exhibit 10.6a Under APS' 2001 Officers Variable Incentive Plan, the Chief Executive Officer of APS, with the approval of the Human Resources Committee of the Board of Directors, annually designates the officers who will participate in the program, establishes their participation level, and establishes certain financial and operational goals for APS which must be satisfied in order for variable pay awards to be made. The impact, if any, of each officer's performance on his or her variable pay award is determined by the Chief Executive Officer of APS, with the approval of the Human Resources Committee. Subject to final approval by the Human Resources Committee of the Board of Directors, the Chief Executive Officer also determines at year-end the degree to which those goals have been satisfied and the amount of variable pay to be awarded to participating officers, if any.