Company: PCG-PB
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001004980-25-000073
Chunk: 113

Company: PG&E Corp
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 113
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 Board to administer the Plan, references to “Committee” in this Plan shall refer to the Board.

(d) “Company” means PG&E Corporation, a California corporation.

(e) “Compensation” means, unless provided otherwise by the Committee in the terms and conditions of an Offering, base salary and wages paid in cash to a Participant by a Participating Company, without reduction for any pre-tax contributions made by the Participant under sections 401(k) or 125 of the Code. “Compensation” shall, unless provided otherwise by the Committee in the terms and conditions of an Offering, exclude variable compensation (including but not limited to commissions, bonuses, incentive compensation, overtime pay and shift premiums, lump sum payments), all non-cash items, moving or relocation allowances, cost-of-living equalization payments, car allowances, tuition reimbursements, imputed income attributable to cars or life insurance, severance pay, fringe benefits, contributions or benefits received under employee benefit plans, income attributable to the exercise of stock options or any other equity awards, and similar items. The Committee shall determine whether a particular item is included in Compensation.

(f) “Corporate Reorganization” means:

(i) the consummation of a merger or consolidation of the Company with or into another entity, or any other corporate reorganization; or

(ii) the sale, transfer or other disposition of all or substantially all of the Company’s assets or the complete liquidation or dissolution of the Company.

(g) “Eligible Employee” means any Employee of a Participating Company who meets the requirements set forth in the document(s) governing the Offering for eligibility to participate in the Offering, provided that such Employee also meets the requirements for eligibility to participate set forth in the Plan. The foregoing notwithstanding, an individual shall not be considered an Eligible Employee if his or her participation in the Plan is prohibited by the law of any country which has jurisdiction over the employee.

PG&E Corporation | Pacific Gas and Electric Company 2025 Joint Proxy Statement A-1

Appendix A: PG&E Corporation 2025 Employee Stock Purchase Plan

(h) “Employee” means any person who is “employed” by a Participating Company, and has been so continuously employed for at least one (1) year (including, for the avoidance of doubt, “highly compensated employees” as described in Section 432(b)(4)(D) of the Code); provided, that any person whose relationship with a Participating Company is “part-time” (as described in Section 423(b