Common use of Deferred Payouts Clause in Contracts

Deferred Payouts. If a Participant who has become entitled to a payout of their Performance Share Award has previously elected to defer receipt of all or a portion of the Performance Shares under the Dominion Energy, Inc. Deferred Compensation Plan (“Deferred Compensation Plan”), then, in lieu of issuing shares to the Participant as otherwise described in this Agreement, the Performance Shares (or applicable portion thereof) will be credited to the Participant’s book-entry account under the Deferred Compensation Plan as of the date such shares would otherwise have been issued to the Participant.

Deferred Payouts. If a Participant who has become entitled to a payout of their this Performance Share Award G▇▇▇▇ has previously elected to defer receipt of all or a portion of the Performance Shares Share Units under the Dominion Energy, Inc. Deferred Compensation Plan (“Deferred Compensation Plan”), then, in lieu of issuing shares a cash payment to the Participant as otherwise described in this Agreement, the payment amount of the Performance Shares Share Units (or applicable portion thereof) will be credited to the Participant’s book-entry account under the Deferred Compensation Plan as of the date such shares units would otherwise have been issued paid to the Participant.

Deferred Payouts. If a Participant who has become entitled to a payout of their this Performance Share Award ▇▇▇▇▇ has previously elected to defer receipt of all or a portion of the Performance Shares Share Units under the Dominion Energy, Inc. Deferred Compensation Plan (“Deferred Compensation Plan”), then, in lieu of issuing shares a cash payment to the Participant as otherwise described in this Agreement, the payment amount of the Performance Shares Share Units (or applicable portion thereof) will be credited to the Participant’s book-entry account under the Deferred Compensation Plan as of the date such shares units would otherwise have been issued paid to the Participant.