No. If the team who would've gone on the power play scores before the "penalized" team touches the puck, the penalty is nullified. On the other end, as soon as the "penalized" team touches the puck, play is stopped and the penalized player is sent to the penalty box. Sometimes, however, play is stopped as soon as the penalty is committed. An example may be if a player slashes another and breaks his opponent's stick.
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