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| The      LTIP and Other Agreements                                                                                                                                                                                                                            |   | This      Agreement constitutes the entire understanding between you and PG&E      Corporation regarding the Performance Shares, subject to the terms of the      LTIP.  Any prior agreements, commitments or negotiations are      superseded.  In the event of any conflict or inconsistency      between the provisions of this Agreement and the LTIP, the LTIP shall      govern.  Capitalized terms that are not defined in this      Agreement are defined in the LTIP. In the event of any conflict between      the provisions of this Agreement and the PG&E Corporation Officer      Severance Policy, this Agreement shall govern. For      purposes of this Agreement, employment with PG&E Corporation shall      mean employment with any member of the Participating Company      Group.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               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| Grant      ofPerformance      Shares                                                                                                                                                                                                                          |   | PG&E      Corporation grants you the number of Performance Shares shown on the cover      sheet of this Agreement.  The Performance Shares are subject to      the terms and conditions of this Agreement and the LTIP.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              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| Vesting      of Performance Shares                                                                                                                                                                                                                            |   | As      long as you remain employed with PG&E Corporation, the Performance      Shares will vest on the first business day of March (the “Vesting Date”)      of the third year following the date of grant specified in the cover      sheet.  Except as described below, all Performance Shares      subject to this Agreement that have not vested shall be forfeited upon      termination of your employment.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| Payment      of Performance Shares                                                                                                                                                                                                                            |   | Upon      the Vesting Date, PG&E Corporation’s total shareholder return (TSR)      will be compared to the TSR of the twelve other companies in PG&E      Corporation’s comparator group1 for the prior three calendar years (the      “Performance Period”).  Subject to rounding considerations,      there will be no payout for TSR below the 25th      percentile of the comparator group; TSR at the 25th      percentile will result in a 25% payout of Performance Shares; TSR at the      75th      percentile will result in a 100% payout of Performance Shares; and TSR in      the top rank will result in a 200% payout of Performance      Shares.  The following table sets forth the payout percentages      for the various TSR rankings that could be achieved:                                               Number of Companies      in                                Total (Including      PG&E Corporation)   - 13                                                         Performance                  Rounded                              Rank                     Percentile                      Payout                                   1                        100%                             200%                                  2                          92%                             170%                                  3                          83%                             130%                                  4                          75%                             100%                                  5                          67%                             90%                                  6                          58%                              75%                                  7                          50%                              65%                                  8                          42%                              50%                                  9                          33%                              35%                                10                          25%                              25%                                11                          17%                                0%                                12                            8%                                0%                                13                            0%                                0% The      payment will equal the product of the number of vested Performance Shares,      the applicable payout percentage, and the average closing price of a share      of PG&E Corporation common stock for the last 30 calendar days of the      year preceding the Vesting Date as reported on the New York Stock      Exchange.  Payments, if any, will be made as soon as practicable      following the date that the Compensation Committee of the PG&E      Corporation Board of Directors certifies the TSR percentile rank over the      Performance Period pursuant to Section 10.5(a) of the LTIP, but in any      event within sixty (60) days of the Vesting Date.  |
| 1      The identities of the companies currently comprising the comparator group      are included in the prospectus.  PG&E Corporation reserves      the right to change the companies comprising the comparator group at any      time.  |
| Dividends                                                                                                                                                                                                                                                     |   | Each      time that PG&E Corporation declares a dividend on its shares of common      stock, an amount equal to the dividend multiplied by the number of      Performance Shares granted to you by this Agreement shall be accrued on      your behalf.  If you receive a Performance Share payout in      accordance with the preceding paragraph, at that same time you also shall      receive a cash payment equal to the amount of any dividends accrued with      respect to your Performance Shares over the Performance Period multiplied      by the same payout percentage used to determine the amount of the      Performance Share payout.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   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| Voluntary      Termination                                                                                                                                                                                                                                    |   | If      you terminate your employment with PG&E Corporation voluntarily before      the Vesting Date (other than for Retirement), all of the Performance      Shares shall be cancelled as of the date of such termination and any      dividends accrued with respect to your Performance Shares shall be      forfeited.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          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| Termination      for Cause                                                                                                                                                                                                                                    |   | If      your employment with PG&E Corporation is terminated at any time by      PG&E Corporation for cause before the Vesting Date, all of the      Performance Shares shall be cancelled as of the date of such termination      and any dividends accrued with respect to your Performance Shares shall be      forfeited.  In general, termination for “cause” means      termination of employment because of dishonesty, a criminal offense or      violation of a work rule, and will be determined by and in the sole      discretion of PG&E Corporation.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              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| Termination      other than for Cause                                                                                                                                                                                                                         |   | If      your employment with PG&E Corporation is terminated by PG&E      Corporation other than for cause before the Vesting Date, your unvested      Performance Shares will vest proportionally based on the number of months      during the Performance Period that you were employed (rounded down)      divided by the number of months in the Performance Period (36      months).  All other outstanding Performance Shares (and any      associated accrued dividends) shall automatically be cancelled upon such      termination.  Your vested Performance Shares will be payable, if      at all, as soon as practicable after the Vesting Date based on the same      formula applied to active employees and in any event within sixty (60)      days of the Vesting Date.  At that time you also shall receive a      cash payment, if any, equal to the amount of dividends accrued over the      Performance Period with respect to your vested Performance Shares      multiplied by the same payout percentage used to determine the amount, if      any, of the Performance Share payout.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              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| Retirement                                                                                                                                                                                                                                                    |   | If      you retire before the Vesting Date, your outstanding Performance Shares      will continue to vest as though your employment had continued and will be      payable, if at all, as soon as practicable following the Vesting Date and      in any event within sixty (60) days of the Vesting Date.  At the      same time you also shall also receive a cash payment, if any, equal to the      amount of dividends accrued over the Performance Period with respect to      your Performance Shares multiplied by the same payout percentage used to      determine the amount, if any, of the Performance Share      payout.  You will be considered to have retired if you are age      55 or older on the date of termination and if you were employed by      PG&E Corporation for at least five consecutive years ending on the      date of termination of your employment.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               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| Death/Disability                                                                                                                                                                                                                                              |   | If      your employment terminates due to your death or disability before the      Vesting Date, all of your Performance Shares shall immediately vest and      will be payable, if at all, as soon as practicable after the Vesting Date      and in any event within sixty (60) days of the Vesting Date based on the      same formula applied to active employees.  At that same time you      also shall receive a cash payment, if any, equal to the amount of      dividends accrued over the Performance Period with respect to your      Performance Shares multiplied by the same payout percentage used to      determine the amount, if any, of the Performance Sharepayout.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| Termination      Due to Disposition of Subsidiary                                                                                                                                                                                                             |   | (1)      If your employment is terminated (other than for cause or your voluntary      termination) by reason of a divestiture or change in control of a      subsidiary of PG&E Corporation, which divestiture or change in control      results in such subsidiary no longer qualifying as a subsidiary      corporation under Section 424(f) of the Internal Revenue Code of 1986, as      amended, or (2) if your employment is terminated (other than for cause or      your voluntary termination) coincident with the sale of all or      substantially all of the assets of a subsidiary of PG&E Corporation,      all Performance Shares shall vest proportionally based on the number of      months during the Performance Period that you were employed (rounded down)      divided by the number of months in the Performance Period (36      months).  All other outstanding Performance Shares (and any      associated accrued dividends) shall automatically be cancelled upon such      termination.  Your vested Performance Shares will be payable, if      at all, as soon as practicable after the Vesting Date and in any event      within sixty (60) days of the Vesting Date, based on the same formula      applied to active employees.  At that same time you also shall      receive a cash payment, if any, equal to the amount of dividends accrued      over the Performance Period with respect to your vested Performance Shares      multiplied by the same payout percentage used to determine the amount, if      any, of the Performance Share payout.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| Change      in Control                                                                                                                                                                                                                                        |   | In      the event of a Change in Control, the surviving, continuing, successor, or      purchasing corporation or other business entity or parent thereof, as the      case may be (the “Acquiror”), may, without your      consent, either assume or continue PG&E Corporation’s rights and      obligations under this Agreement or provide a substantially equivalent      award in substitution for the Performance Shares subject to this      Agreement.  If the Acquiror assumes or continues PG&E      Corporation’s rights and obligations under this Agreement or substitutes a      substantially equivalent award, TSR shall be calculated by aggregating (a)      the TSR of PG&E Corporation for the period from January 1 of the year      of grant to the date of the Change in Control, and (b) the TSR of the      Acquiror from the date of the Change in Control to the last calendar day      of the year preceding the Vesting Date.   The payout      percentage reflected in the table set forth above for the highest      percentile TSR performance met or exceeded when calculated on that basis,      and considering any adjustments to the comparator group, will be used to      determine the amount of the payout, if any, upon settlement of the      assumed, continued or substituted award, which settlement shall occur as      soon as practicable after the Vesting Date and in any event within sixty      (60) days of the Vesting Date.  At that time you also shall      receive a cash payment, if any, equal to the amount of dividends accrued      with respect to your Performance Shares over the Performance Period      multiplied by the same payout percentage used to determine the amount, if      any, of the Performance Share payout. If      the Change in Control of PG&E Corporation occurs before the original      Vesting Date, and if this Award is neither assumed nor continued by the      Acquiror or if the Acquiror does not provide a substantially equivalent      award in substitution for the Performance Shares subject to this      Agreement, all of your outstanding Performance Shares shall automatically      vest and become nonforfeitable on the date of the Change in      Control.  Such vested Performance Shares will become payable, if      at all, as soon as practicable following the original Vesting Date and in      any event within sixty (60) days of the original Vesting      Date.  The payment, if any, will be based on PG&E      Corporation’s TSR for the period from January 1 of the year of grant to      the date of the Change in Control compared to the TSR of the other      companies in PG&E Corporation’s comparator group2 for the same period.  The      payment will be calculated by multiplying the number of vested Performance      Shares by the payout percentage.  The resulting number of      Performance Shares will be multiplied by the average closing price of a      share of PG&ECorporation      common stock for the last 30 calendar days preceding the Change in Control      as reported on the New York Stock Exchange.  At the same time      you also shall receive a cash payment, if any, equal to the amount of      dividends accrued with respect to your Performance Shares to the date of      the Change in Control multiplied by the same payout percentage used to      determine the amount, if any, of the Performance Share    payout.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          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|  2      The identities of the companies currently comprising the comparator group      are included in the prospectus.  PG&E Corporation reserves      the right to change the companies comprising the comparator group at any      time. |
| Termination      In Connection with a Change in Control                                                                                                                                                                                                       |   | If      your employment is terminated in connection with a Change in Control      within three months before the Change in Control occurs or within two      years following the Change in Control, all of your outstanding Performance      Shares (to the extent they did not previously vest upon failure of the      Acquiror to assume or continue this Award) shall automatically vest and      become nonforfeitable on the date of termination of your employment. Your      vested Performance Shares will be payable, if at all, as soon as      practicable following the original Vesting Date and in any event within      sixty (60) days of the Vesting Date and will be based on the same formula      applied to active employees.  You shall also at that time      receive a cash payment, if any, equal to the amount of dividends accrued      over the Performance Period with respect to your vested Performance Shares      multiplied by the same payout percentage used to determine the amount, if      any, of the Performance Share payout. PG&E      Corporation shall have the sole discretion to determine whether      termination of your employment was made in connection with a Change in      Control.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              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| Withholding      Taxes                                                                                                                                                                                                                                        |   | PG&E      Corporation will withhold amounts necessary to satisfy applicable taxes      from the payment to be made with respect to your Performance      Shares.  You will receive the remaining proceeds in      cash.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    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| Leaves      of Absence                                                                                                                                                                                                                                        |   | For      purposes of this Agreement, if you are on an approved leave of absence      from PG&E Corporation, or a recipient of PG&E Corporation      sponsored disability benefits, you will continue to be considered as      employed.  If you do not return to active employment upon the      expiration of your leave of absence or the expiration of your PG&E      Corporation sponsored disability benefits, you will be considered to have      voluntarily terminated your employment.  See above under      “Voluntary Termination.” PG&E      Corporation reserves the right to determine which leaves of absence will      be considered as continuing employment and when your employment terminates      for all purposes under this Agreement.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               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| No      Retention Rights                                                                                                                                                                                                                                      |   | This      Agreement is not an employment agreement and does not give you the right      to be retained by PG&E Corporation.  Except as otherwise      provided in an applicable employment agreement, PG&E Corporation      reserves the right to terminate your employment at any time and for any      reason.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               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| Applicable      Law                                                                                                                                                                                                                                           |   | This      Agreement will be interpreted and enforced under the laws of the State of      California.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        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