Document:

Letter of Separation

 Exhibit 10.1 
 

 
  

			
	TO:	  	David E. Levitan
		
	FROM:	  	David A. Woodle, CEO
		
	DATE:	  	February 12, 2007

 This will confirm the agreement that we offered to you today concerning your separation from
employment with C-COR Incorporated (the “Company”). Your last day of employment will be February 20, 2007 and your regular salary and benefits will end at that time, except as described below. You will be paid for any accrued and
unused PTO time through your last day of employment and you will be reimbursed for your reasonable and customary business expenses through that date. 
 If you were granted Company stock options under the 1988 Stock Option Plan or the 1998 Incentive Plan, or received options from a company acquired by the Company whose options may still be exercised, please review the
documentation you received while an active employee concerning the options. The vesting and exercise restrictions vary depending upon the plan from which the options were issued. Please be aware that some options may only be exercisable prior to
your separation date (or, in some cases, for a limited period of time thereafter), so you may need to act quickly. You should consult with your tax advisor regarding the choices available and the tax consequences thereof. 
 To aid you in your search for a new position and to provide you with assistance in your transition to new employment, the Company is offering you the
following separation package. 
 1. The Company will pay you 26 weeks of severance pay at 100% of your current base salary, (for total of $
109,000, minus appropriate withholdings and deductions), 

 
without regard to whether you obtain another position with a new employer. These payments will be made on or about the regular pay dates recognized by the
Company, with payments to begin after the effective date of the General Release Agreement described below. These payments, however, will end if you should be re-employed by the Company or its affiliates. 
 2. If you currently are covered by medical, dental or vision benefits, those will continue through your last day of employment. Beginning
February 21, 2007, you may continue the medical, dental and/or vision benefits that you elected in the last open enrollment under COBRA for up to eighteen months and you will receive a separate notice concerning your right to do so even if you
do not accept this offer. As part of this offer, if you do elect to continue your medical, dental and/or vision benefits under COBRA, the Company will pay the full monthly cost of those benefits for six (6) months, or until you become
covered under a comparable benefit plan provided to you in connection with any new employment you obtain, which ever is earlier. Your participation in the Company’s other benefit plans, including without limitation, the Company’s 401(k)
plan and life insurance plan, however, will terminate today. 
 3. If you are currently eligible for the Profit Incentive Plan
(“PIP”) and should the Board of Directors of the Company following the end of the fiscal year in which your employment terminates approve a PIP payment, you will receive a pro-rated PIP payment based upon the amount of time you were
actively employed by the Company during the measurement period. Payment will be in the form of a lump sum, subject to appropriate withholdings and deductions, and will be paid in alignment with the timing of payments for active employees.

 4. If you apply for unemployment compensation benefits, when contacted by the Unemployment Compensation Authorities, the Company will not
contest such a request for benefits. 
  

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 5. You will be provided with professional outplacement services through Drake Beam Morin, for a period of
up to 3 months which will be arranged for and paid for by the Company. You will have 6 months from your separation date to begin using these services. 
 In exchange for this special separation package, you will be required to do the following: 
 (a) You will cooperate with any transition of your duties requested, including, without limitation, making yourself available to meet or speak with a designated manager of the Company for a reasonable amount of time concerning the status of
various projects and the location of any files and other documents. 
 (b) You will sign the General Release Agreement
attached as Exhibit A. By doing so, you are releasing, any claim you might have against the Company and its affiliates and each of their directors, officers, employees, employee benefit plans and related parties (including, without limitation, any
and all claims under Title VII of the Civil Rights Act, the Age Discrimination in Employment Act, the Americans with Disabilities Act and state and local discrimination laws), except for claims based on the enforcement or validity of this agreement
being offered to you, for unemployment compensation benefits or for any accrued benefits under an employee benefit plan of the Company. 
 (c) If you elect to continue your medical, dental and/or vision benefits under COBRA, you will notify me in writing within one week if you obtain a new position that provides health, dental and/or vision benefits to
you. 
 (d) You will not engage in any activities or make any statements that may disparage or reflect negatively on the
Company or its affiliates or any of their directors, officers or employees. 
  

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 (e) You will keep the terms and conditions of this separation offer and any subsequent
separation agreement and all matters concerning or relating to them confidential, except the fact of your termination from employment and except that you may reveal the terms and conditions of this separation offer and any subsequent separation
agreement to your spouse, attorney and financial advisor, if any, so long as they first agree not to disclose them to anyone else. 
 (f) By no later than 2 business days from your last actual day of work, you will deliver to the Company all Company property of any kind or character, which shall include, but not be limited to, all Company identification and credit cards,
any Company equipment, books, keys, journals, records, publications, price lists, customer lists, files, memoranda and documents of any kind or description, or any other Company property that may be in your possession, custody or control. You will
return any computers and computer equipment in your possession at the end of this severance agreement. 
 (g) In addition to
your existing common law obligations to do so, you agree that all confidential information (whether written, graphic, oral, committed to memory or otherwise in your possession), including, without limitation, such information regarding the
operations, pricing, customers, suppliers, production methods, plans and personnel information of the Company, shall remain strictly confidential and secret so long as that information has not been published in a form generally available to the
public and you will not use it or disclose it to others. 
  

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 (h) You will cooperate with any reasonable request of the Company to participate in the
preparation for, response to, prosecution of and/or defense of any pending, actual or threatened litigation involving the Company. The Company will reimburse you for all reasonable out-of-pocket expenses you incur as a result of such cooperation.

 (i) If you breach any of your obligations set forth in this memorandum in addition to all other remedies available to the
Company, you will not receive any further payments or benefits provided for in this memorandum and you will reimburse the Company all amounts paid to you under this offer (including the Company’s payment of COBRA premiums), except for your
salary and reimbursed expenses through February 20, 2007 and your accrued but unused PTO time. (As required by regulations issued by the EEOC, the foregoing sentence does not apply with respect to a claim under the Age Discrimination in
Employment Act). Further, you agree that any breach by you of paragraphs d), e), f) g), h) or i) will cause the Company substantial and irreparable harm for which money damages would be inadequate. Thus, if you breach your obligations set forth in
paragraphs d), e), f), g), h) or i) above, the Company also shall be entitled to temporary and permanent injunctive relief to restrain any further breach of those obligations, without the necessity of proving actual damage to the Company.

 Please consider this offer for up to 21 days from today (until March 5, 2007). You also should consult with your personal attorney
before deciding whether to accept this offer. You must notify me of your acceptance of this offer by returning a signed and notarized copy of the attached General Release Agreement to me no later than March 5, 2007 at 5:00 p.m. If you return it
before March 5, 2007, you will be voluntarily waiving your right to consider it for the entire 21 day period. In addition, you will have 7 days after you return a signed copy of the General Release Agreement to revoke it by submitting a signed
revocation notice to me, if you choose to do so. Upon the expiration of that 7 day period, the General Release Agreement will become effective. 
  

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 If you do not return a signed and notarized copy of the General Release Agreement by March 5, 2007
by 5:00 p.m., or if you revoke the Agreement within the 7 day revocation period, or if you do not comply with the terms of this Agreement, you will not receive the separation payments and benefits described in this memorandum. 
 On behalf of the Company, I thank you for your past service and I wish you well in your future endeavors. 
  

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 CONFIDENTIAL 
 EXHIBIT A  
 GENERAL RELEASE AGREEMENT 
 I, David E. Levitan, for myself, my heirs, executors, administrators and assigns, if any, for and in consideration of the benefits described in the
foregoing memorandum dated February 12, 2007 (the “Severance Offer”), and other good and valuable consideration, do hereby state that: 
 (1) I agree to and accept the terms of the Severance Offer. 
 (2) I waive, release and forever discharge
C-COR Incorporated (as defined below) of and from any and all Claims (as defined below). I agree not to file a lawsuit to assert any such Claim. This release and promise not to sue covers all Claims arising up to and including the date of this
Agreement, but does not cover claims relating to the validity or enforcement of this Agreement; claims for unemployment compensation; or claims for any accrued benefit under the terms of any employee benefit plan within the meaning of the Employee
Retirement Income Security Act maintained by C-COR Incorporated, except that it will apply to any severance benefits that otherwise might be payable outside of this Severance Offer. Further, I agree that should any other person, organization or
entity file a lawsuit to assert any such Claim, I will not seek or accept any personal relief in such lawsuit. 
 The following provisions
further explain this general release and promise not to sue: 
 a. Definition of “Claims.” “Claims”
includes, without limitation, all actions or demands of any kind that I now have, or may have or claim to have in the future. More specifically, Claims include rights, causes of action, damages, penalties, losses, attorneys’ fees, costs,
expenses, obligations, agreements, judgments and all other liabilities of any kind or description whatsoever, either in law or in equity, whether known or unknown, suspected or unsuspected. 
 b. The nature of Claims covered by this release and promise not to sue includes, without limitation, all actions or demands in any way
based on my employment with C-COR Incorporated, the terms and conditions of such employment or my separation from employment (except as stated above in paragraph 2). More specifically, all of the following are among the types of Claims that will be
barred by this release and promise not to sue (except as stated above in paragraph 2): 
  

	 	•	 	 Contract Claims (whether express or implied); 

  

	 	•	 	 Tort Claims, such as for defamation or emotional distress; 

  

	 	•	 	 Claims under federal, state and municipal laws, regulations, ordinance or court decisions of any kind; 

  

	 	•	 	 Claims of discrimination, harassment or retaliation, whether based on race, color, religion, gender, sex, age, sexual orientation, handicap and/or disability,
national origin or any other legally protected class; 

	 	•	 	 Claims under the Age Discrimination in Employment Act, Title VII of the Civil Rights Act of 1964, as amended, the Americans with Disabilities Act, the Family and
Medical Leave Act, the Occupational Safety and Health Law, and similar state and local laws; 

  

	 	•	 	 Claims under the Employee Retirement Income Security Act, the Fair Labor Standards Act, state wage payment laws and state wage and hour laws;

  

	 	•	 	 Claims for wrongful discharge; and 

  

	 	•	 	 Claims for attorney’s fees, litigation expenses and/or costs. 

 c. Definition of “C-COR Incorporated” “C-COR Incorporated,” includes, without limitation, C-COR Incorporated, its
past, present and future parents, affiliates, subsidiaries, divisions, predecessors, successors, assigns, employee benefit plans and trusts, if any. It also includes all past, present and future managers, members, principals, directors, officers,
partners, agents, employees, attorneys, representatives, consultants, associates, fiduciaries, plan sponsors, administrators and trustees of each of the entities listed in the preceding sentence. 
 (3) I acknowledge that I have carefully read and I understand the provisions of this General Release Agreement and the Severance Offer, that I have had
twenty-one (21) days from the date I received a copy of the General Release Agreement and the Severance Offer to consider entering into this General Release Agreement and accepting the Severance Offer, that if I sign and return this General
Release Agreement before the end of the twenty-one (21) day period that I will have voluntarily waived my right to consider the Agreement for the full twenty-one (21) days and that I have executed this General Release Agreement voluntarily
and with full knowledge of its significance, meaning and binding effect. 
 (4) I also acknowledge that C-COR Incorporated, has advised me in
writing to consult with an attorney of my own choosing with regard to entering into this General Release Agreement and accepting the Severance Offer. 
 (5) I acknowledge that my decision to sign this General Release Agreement has not been influenced in any way by fraud, duress, coercion, mistake or misleading information and that I have not relied on any information
except what is set forth in this General Release Agreement and the Severance Offer. 
 (6) I acknowledge that I may revoke this General
Release Agreement within seven (7) days of my execution of this document by submitting a written notice of my revocation to Mary G. Beahm, Corporate Vice President, Human Resources. I also understand that this General Release Agreement shall
not become effective or enforceable until the expiration of that 7 day period. 
 (7) I agree that if any provision of this General Release
Agreement is or shall be declared invalid or unenforceable by a court of competent jurisdiction, then such provision will be modified only to the extent necessary to cure such invalidity and with a view to enforcing the parties’ intention as
set forth in this Agreement to the extent permissible and the remaining provisions of this Agreement shall not be affected thereby and shall remain in full force and effect. 
  

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 IN WITNESS WHEREOF, and with the intention of being legally bound hereby, I have executed this General
Release Agreement on the 12th day of February, 2007. 
  

	
	
	

	David E. Levitan

 Sworn to and subscribed 
 before me this 20th day 
 of Feb, 2007. 
  

	
	
	

	Notary Public

  

			
		  	

  

 3Edison International 2007 Long-Term Incentives

 Exhibit 10.1 
 EDISON INTERNATIONAL 
 2007 Long-Term Incentives 
 Terms and Conditions 
  

	1.	LONG-TERM INCENTIVES 

 The long-term incentive
awards granted in 2007 (“LTI”) for eligible persons (each, a “Holder”) employed by Edison International (“EIX”) or its participating affiliates (the “Companies”, or individually,
the “Company”) include the following: 
  

	 	•	 	 Nonqualified stock options to purchase shares of EIX Common Stock (“EIX Options”) as described in Section 3; 

  

	 	•	 	 Contingent EIX performance units (“Performance Shares”) as described in Section 4; and 

  

	 	•	 	 With respect to certain eligible persons, restricted EIX stock units (“Restricted Stock Units”) as described in Section 5.

 Each of the LTI awards will be granted under the Equity Compensation Plan (the “ECP”) or, after the 2007
annual meeting of the Company’s shareholders (the “Annual Meeting”), the 2007 Performance Incentive Plan (the “2007 Plan” and, together with the ECP, the “Plans”); provided, however, that no
award shall be granted under the 2007 Plan unless and until such plan is approved by the Company’s shareholders or such award is expressly granted subject to approval of the 2007 Plan by the Company’s shareholders. 
 The LTI shall be subject to these 2007 Long-Term Incentives Terms and Conditions (these “Terms”). The LTI shall be administered by the
Compensation and Executive Personnel Committee of the EIX Board of Directors (the “Committee”). The Committee shall have the administrative powers with respect to the LTI set forth in Section 3.2 of the ECP or Section 3.2
of the 2007 Plan, as applicable. 
 In the event EIX grants LTI to a Holder, the number of EIX Options, Performance Shares and Restricted
Stock Units (if any) granted to the Holder will be set forth in a written award certificate delivered by EIX to the Holder. 
  

	2.	VESTING OF LTI 

  

	 	2.1	EIX Options. The EIX Options will vest over a four-year period as described in this Section 2 (the “Vesting Period”). The effective
“initial vesting date” will be January 2 of the year following the date of the grant, or six months after the date of the grant, whichever date is later. The EIX Options will vest as follows: 

  

	 	•	 	 On the initial vesting date, one-fourth of the award will vest. 

  

	 	•	 	 On January 2, 2009, an additional one-fourth of the award will vest. 

  

	 	•	 	 On January 2, 2010, an additional one-fourth of the award will vest. 

  

	 	•	 	 On January 2, 2011, the balance of the award will vest. 

  

	 	2.2	Performance Shares. The Performance Shares will vest and become payable to the extent earned as determined at the end of the three-calendar-year period
commencing on January 1, 2007, and ending December 31, 2009 (the “Performance Period”), subject to the provisions of Section 4. 

  

	 	2.3	Restricted Stock Units. The Restricted Stock Units will vest and become payable on January 2, 2010. 

  

	 	2.4	Continuance of Employment/Service Required. The vesting schedule requires continued employment or service through each applicable vesting date as a condition to
the vesting of the applicable installment of the LTI and the rights and benefits thereunder. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Holder to any proportionate vesting or
avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services except as provided in Section 8 below. 

  

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	3.	EIX OPTIONS 

  

	 	3.1	Exercise Price. The exercise price of an EIX Option stated in the award certificate is the closing price (in regular trading) of a share of EIX Common Stock on
the New York Stock Exchange for the effective date of the award. 

  

	 	3.2	Cumulative Exercisability; Term of Option. The vested portions of the EIX Options will accumulate to the extent not exercised, and be exercisable by the Holder
subject to the provisions of this Section 3 and Sections 8 and 9, in whole or in part, in any subsequent period but not later than January 3, 2017. 

  

	 	3.3	Method of Exercise. The Holder may exercise an EIX Option by providing written notice to EIX on the form prescribed by the Committee for this purpose, or
completion of such other EIX Option exercise procedures as EIX may prescribe, accompanied by full payment of the applicable exercise price. Payment must be in cash or its equivalent acceptable to EIX. At the discretion of the Holder, EIX Common
Stock valued on the exercise date at a per-share price equal to the closing price of EIX Common Stock on the New York Stock Exchange may be used to pay the exercise price, provided the Company can comply with any legal requirements. A
broker-assisted “cashless” exercise may be accommodated for EIX Options at the discretion of EIX. Until payment is accepted, the Holder will have no rights in the optioned stock. The provisions of Section 11 must be satisfied as a
condition precedent to the effectiveness of any purported exercise. 

  

	4.	PERFORMANCE SHARES 

  

	 	 4.1
	 Performance Shares. Performance Shares are EIX Common Stock-based units subject to a performance
measure based on the percentile ranking of EIX total shareholder return (“TSR”) among the TSRs for the stocks comprising the Comparison Group (as defined below) over the entire Performance Period. TSR is calculated using the average
closing stock price for the relevant stock for the 20-trading-day period ending with the measurement date (or the immediately preceding trading day if the measurement date is not a trading day). A target number of contingent Performance Shares will
be awarded on the initial grant date. The target number of contingent Performance Shares will be increased by any additional Performance Shares created by “reinvestment” of dividend equivalents as provided in Section 4.4. The actual
amount of Performance Shares to be paid will depend on EIX’s TSR percentile ranking on the measurement date. If EIX’s TSR is below the 40th percentile, no Performance Shares will be paid. Twenty-five percent (25%) of the target number of Performance Shares will be paid if EIX’s TSR percentile ranking is at the 40th percentile. The target number of Performance Shares will be paid if EIX’s TSR rank is at the 50th percentile. Two times the target number of Performance Shares will be paid if EIX’s TSR percentile ranking is at the 75th
percentile or higher. The payment multiple is interpolated for performance between the points indicated in the preceding three sentences on a straight-line basis. 

 The “Comparison Group” consists of the stocks comprising the Philadelphia Utility Index as the index is constituted on the measurement
date, but deleting AES Corporation and adding Sempra Energy (in each case, if such stock is publicly traded on the measurement date), and adjusted as described below if there are less than 20 companies in such index as so adjusted on the measurement
date. If the Comparison Group consists of less than 20 stocks on the measurement date, the stock with the median TSR for the entire Performance Period (or, if there are an even number of stocks in the Comparison Group before giving effect to this
sentence, a stock deemed to have a TSR equal to the average TSR of the two stocks in the Comparison Group that fall in the middle of such group when ranked based on TSR for the entire Performance Period) shall be added back to the Comparison Group a
sufficient number of times to bring the stocks comprising the Comparison Group to 20. (For purposes of clarity, if there are only 17 stocks in the Comparison Group before giving effect to the preceding sentence, the stock with the median TSR for the
entire Performance Period will be added back to the Comparison Group a total of three times to bring the stocks comprising the Comparison Group to 20.) 
  

	 	4.2	Measurement Date. The performance measurement date will be the last day of the Performance Period on which the New York Stock Exchange is open for trading. As
of that date, the applicable payment multiple will be determined as provided in Section 4.1 above based on the EIX TSR percentile ranking achieved during the Performance Period. 

  

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	 	4.3	Payment of Performance Shares. Fifty percent of the Performance Shares that are earned pursuant to Section 4.1 (plus any fractional shares) will be paid in
cash. The remainder of the Performance Shares earned will be paid on a one-for-one basis in EIX Common Stock under the ECP or 2007 Plan, as applicable. The value of each Performance Share paid in cash will be equal to the closing price per share of
EIX Common Stock on the New York Stock Exchange for the measurement date. The cash and stock payable for the earned Performance Shares will be delivered within 30 days following the end of the Performance Period. The Performance Shares are subject
to termination and other conditions specified in Sections 8 and 9, and to the provisions of Section 11. 

  

	 	4.4	Dividend Equivalent Reinvestment. For each dividend on EIX Common Stock for which the ex-dividend date falls within the Performance Period, the Holder of
Performance Shares will be credited with an additional number of target contingent Performance Shares. The additional number of shares added on each ex-dividend date will be equal to (i) the per-share cash dividend paid by EIX on its Common
Stock with respect to the related ex-dividend date, multiplied by (ii) the Holder’s number of target Performance Shares (including any additional target Performance Shares previously credited under this Section 4.4), divided by
(iii) the closing price of a share of EIX Common Stock on the related ex-dividend date. Any target Performance Shares added pursuant to the foregoing provisions of this Section 4.4 will be subject to the same vesting, payment, termination
and other terms, conditions and restrictions as the original target Performance Shares to which they relate (including application of the TSR payment multiple as contemplated by Section 4.1). No target Performance Shares will be added pursuant
to this Section 4.4 with respect to any target Performance Shares which, as of the related ex-dividend date, have either become payable pursuant to Section 4.3 or terminated pursuant to Section 8. 

  

	5.	RESTRICTED STOCK UNITS 

  

	 	5.1	Restricted Stock Units. Restricted Stock Units are EIX Common Stock-based units that vest based on the passage of time. As soon as administratively practical
following January 2, 2010, EIX will deliver to the Holder a number of shares of EIX Common Stock equal to the number of Restricted Stock Units that have vested, except that if the Restricted Stock Units vest pursuant to Section 8.3, 8.4,
8.5 or 9, the Restricted Stock Units will become payable immediately upon vesting. The Restricted Stock Units are subject to termination and other conditions specified in Sections 8 and 9, and to the provisions of Section 11.

  

	 	5.2	Dividend Equivalent Reinvestment. For each dividend declared on EIX Common Stock with an ex-dividend date on or after the date an award of Restricted Stock
Units is granted and before all of such Restricted Stock Units either have become payable pursuant to Section 5.1 or have terminated pursuant to Section 8, the Holder of such award will be credited with an additional number of Restricted
Stock Units equal to (i) the per-share cash dividend paid by EIX on its Common Stock with respect to the related ex-dividend date, multiplied by (ii) the total number of outstanding and unpaid Restricted Stock Units (including any
Restricted Stock Units previously credited under this Section 5.2) subject to such award as of such ex-dividend date, divided by (iii) the closing price of a share of EIX Common Stock on the related ex-dividend date. Any additional
Restricted Stock Units credited pursuant to the foregoing provisions of this Section 5.2 will be subject to the same vesting, payment, termination and other terms, conditions and restrictions as the original Restricted Stock Units to which they
relate; provided, however, that the Committee shall retain discretion to pay any Restricted Stock Units in cash rather than shares of EIX Common Stock if and to the extent that payment in shares would exceed the applicable share limits of the ECP or
the 2007 Plan, as applicable, with any fractional shares to be paid in cash. No crediting of Restricted Stock Units will be made pursuant to this Section 5.2 with respect to any Restricted Stock Units which, as of the related ex-dividend date,
have either been paid pursuant to Section 5.1 or terminated pursuant to Section 8. 

  

	6.	DELAYED PAYMENT OR DELIVERY OF LTI GAINS 

 Notwithstanding any other provision herein, Holders who are eligible to defer salary under the EIX Executive Deferred Compensation Plan (the “EDCP”) may irrevocably elect to defer receipt of all or a part of the cash
payable in respect of the portion of earned Performance Shares that are payable in cash pursuant to the terms of the EDCP. 

  

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To make such an election, the Holder must submit a signed agreement in the form approved by, and in advance of the applicable deadline established by, the
Committee. In the event of any timely deferral election, the LTI with respect to which the deferral election was made shall be paid in accordance with the terms of the EDCP. 
  

	7.	TRANSFER AND BENEFICIARY 

  

	 	7.1	Limitations on Transfers. Except as provided below and in Section 11, the LTI will not be transferable by the Holder and, during the lifetime of the
Holder, the LTI will be exercisable only by him or her. The Holder may designate a beneficiary who, upon the death of the Holder, will be entitled to exercise the then vested portion of the LTI during the remaining term subject to the provisions of
the Plans and these Terms. 

  

	 	7.2	Exceptions. Notwithstanding the foregoing, the LTI of the CEOs of EIX, Edison Mission Group, and Southern California Edison Company, and the EVPs of EIX, are
transferable to a spouse, children or grandchildren, or trusts or other vehicles established exclusively for their benefit. Any transfer request must specifically be authorized by EIX in writing and shall be subject to any conditions, restrictions
or requirements as the Committee may determine. 

  

	8.	TERMINATION OF EMPLOYMENT 

  

	 	8.1	General. In the event of termination of the employment of the Holder for any reason other than those specified in Sections 8.2, 8.3 or 8.4, the LTI will
terminate as follows: (i) the Holder’s unvested EIX Options will terminate for no value on the date such employment terminates, (ii) the Holder’s vested EIX Options will terminate for no value 180 days from the date on which such
employment terminated (or, if earlier, on the last day of the applicable EIX Option term) to the extent not theretofore exercised, (iii) the Holder’s unearned Performance Shares will terminate for no value, and (iv) the Holder’s
unvested Restricted Stock Units will terminate for no value. Any fractional vested EIX Options will be rounded up to the next whole share. 

  

	 	8.2	Retirement. If the Holder terminates employment on or after the first day of the month in which he or she (A) attains age 65 or (B) attains age
61 with five “years of service,” as that term is defined in the Edison 401(k) Savings Plan, then the vesting and exercise provisions of this Section 8.2 will apply. 

  

	 	(A)	EIX Options. The EIX Options will vest; provided, however, that in the event the Holder’s termination of employment occurs within the calendar year in which the
applicable EIX Option is granted, the portion of the option that vests upon the Holder’s Retirement will be prorated by multiplying the total number of shares subject to the option by a fraction, the numerator of which shall be the number of
whole months in the calendar year of grant that the Holder was employed by one or more of the Companies, and the denominator of which shall be twelve (12). In no event shall the Holder be credited with services performed during any portion of a
calendar month (even if a substantial portion) if the Holder is not employed by one of the Companies as of the last day of such calendar month. The portion of the option not eligible to vest following the Holder’s Retirement after giving effect
to the proration described in the preceding two sentences shall terminate upon the Holder’s Retirement, and the Holder shall have no further rights with respect to such terminated portion. Any fractional EIX Options vested under this
Section 8.2 will be rounded up to the next whole number. Although vested upon Retirement, the options will become exercisable on the schedule under which they would have been vested had the Holder not retired (one-fourth of the option grant on
the effective initial vesting date (January 2, 2008 or six months after the date of grant, whichever is later) and an additional one-fourth on January 2, 2009, 2010 and 2011), except that if the Holder dies, the then-outstanding portion of the
option will be immediately exercisable as of the date of the Holder’s death. In the event prorated vesting is required in connection with the Holder’s Retirement, the portion of the option that does vest will become exercisable first on
the effective initial vesting date (up to the maximum number of shares that would have become exercisable on that date had no termination of employment occurred) and so on until the vested portion of the option becomes exercisable, except that if
the Holder dies, the then-outstanding portion of the option will be immediately exercisable as of the date of the Holder’s death. Once exercisable, EIX Options will remain exercisable as provided in Section 3 for the remainder of the
original EIX Option term. 

  

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	 	(B)	Performance Shares. The Performance Shares will vest and become payable at the end of the Performance Period to the extent they would have vested and become payable if the
Holder’s employment had continued through the last day of the Performance Period; provided, however, that if the Holder’s Retirement occurs within the calendar year in which the applicable Performance Shares are granted, the portion of the
Performance Shares that will vest and become payable will equal (i) the portion that would have vested and become payable if the Holder’s employment had continued through the last day of the Performance Period, multiplied by (ii) a
fraction, the numerator of which shall be the number of whole months in the calendar year of grant that the Holder was employed by one or more of the Companies, and the denominator of which shall be twelve (12). For this purpose, the number of
“whole calendar months” shall be calculated as provided in Section 8.2(A) above. Performance Shares will be payable to the Holder on the payment date specified in Section 4 to the extent of the EIX TSR ranking achieved as
specified in Section 4.1. Any fractional Performance Shares vested under this Section 8.2 will be rounded up to the next whole number. Any unvested Performance Shares (after application of the foregoing vesting provisions) will
terminate for no value. 

  

	 	(C)	Restricted Stock Units. The Restricted Stock Units will vest and become payable January 2, 2010; provided, however, that in the event the Holder’s termination of
employment occurs within one year following the date the applicable Restricted Stock Unit award is granted, the number of Restricted Stock Units that vests upon the Holder’s Retirement will be prorated by multiplying the total number of
Restricted Stock Units subject to the award by a fraction, the numerator of which shall be the number of whole months in the calendar year of grant that the Holder was employed by one or more of the Companies, and the denominator of which shall be
twelve (12). In no event shall the Holder be credited with services performed during any portion of a calendar month (even if a substantial portion) if the Holder is not employed by one of the Companies as of the last day of such calendar month. Any
fractional Restricted Stock Units vested under this Section 8.2 will be rounded up to the next whole number. Any unvested Restricted Stock Units (after application of the foregoing vesting provisions) will terminate for no value.

  

	 	8.3	Death or Disability. If the Holder’s employment terminates due to death or permanent and total disability, the provisions of this Section 8.3 will
apply. 

  

	 	(A)	EIX Options. Any unvested EIX Options will immediately vest. The EIX Options will be exercisable immediately as of the date of such termination and will remain exercisable as
provided in Section 3 for the remainder of the original EIX Option term. 

  

	 	(B)	Performance Shares. The Performance Shares will vest and become payable at the end of the Performance Period to the extent they would have vested and become payable if the
Holder’s employment had continued through the last day of the Performance Period. 

  

	 	(C)	Restricted Stock Units. Any unvested Restricted Stock Units will immediately vest and become payable. 

  

	 	8.4	Involuntary Termination Not for Cause. Upon involuntary termination of the Holder’s employment by his or her employer not for cause, the provisions of this
Section 8.4 shall apply. 

  

	 	(A)	 EIX Options. Unvested EIX Options will vest to the extent necessary to cause the aggregate number of shares subject to vested EIX Options (including any
shares acquired pursuant to previously exercised EIX Options) to equal the number of shares granted multiplied by a fraction (not greater than 1), the numerator of which is the number of weekdays in the period from January 1 of the year of
grant of the award through the one-year anniversary of the Holder’s last day of employment prior to termination of the Holder’s employment, and the denominator of which is the number of weekdays in the four calendar years 2007-2010. The
Holder will have one year following the date of termination in which to exercise the EIX Options, or until the end of the EIX Option term, whichever occurs earlier, except that if the Holder qualifies for Retirement (as defined in Section 8.2)
the EIX Options will become exercisable on the schedule specified in Section 8.2 and will remain exercisable for the remainder of the original EIX Option term. The Holder’s vested options will terminate for no value at the end of such
period to the extent not theretofore exercised. The portion of the option not eligible to vest following the termination of the Holder’s employment after giving effect to the proration 

  

 5 

	 	 
described in this Section 8.4(A) shall terminate upon the termination of the Holder’s employment, and the Holder shall have no further rights with
respect to such terminated portion. Any fractional EIX Options vested under this Section 8.4 will be rounded up to the next whole number. 

  

	 	(B)	Performance Shares. The Performance Shares will vest to the extent necessary to cause the number of vested Performance Shares to equal the target number of Performance Shares
granted (including Performance Shares added as provided in Section 4.4) multiplied by a fraction (not greater than 1), the numerator of which is the number of weekdays the Holder was employed by EIX or a subsidiary from January 1 of the
year of grant of the award through the one-year anniversary of the Holder’s last day of employment prior to termination of the Holder’s employment, and the denominator of which is the number of weekdays in the three calendar years
2007-2009. Such vested Performance Shares will be payable to the Holder on the payment date specified in Section 4 to the extent of the EIX TSR ranking achieved as provided in Section 4.1. Any fractional Performance Shares vested under
this Section 8.4 will be rounded up to the next whole number. Any unvested Performance Shares (after application of the foregoing vesting provisions) will terminate for no value as of the date of the Holder’s termination of employment.

  

	 	(C)	Restricted Stock Units. The Restricted Stock Units will vest to the extent necessary to cause the aggregate number of vested Restricted Stock Units to equal the number
of Restricted Stock Units granted (including any Restricted Stock Units added as provided in Section 5.2) multiplied by a fraction (not greater than 1), the numerator of which is the number of weekdays in the period from January 1 of the
year of grant of the award through the one-year anniversary of the Holder’s last day of employment prior to termination of the Holder’s employment, and the denominator of which is the number of weekdays in the three calendar years
2007-2009. Any fractional Restricted Stock Units vested under this Section 8.4 will be rounded up to the next whole number. Any unvested Restricted Stock Units (after application of the foregoing vesting provisions) will terminate for no value
as of the date of the Holder’s termination of employment. Vested Restricted Stock Units will be paid as soon as administratively feasible following the date employment terminated. 

  

	 	8.5	Effect of Change of Employer. For purposes of the LTI only, involuntary termination of employment will be deemed to occur on the date the Holder’s
employing company is no longer a member of the EIX controlled group of corporations as defined in Section 1563(a) of the Internal Revenue Code (the “Code”), regardless of whether Holder’s employment continues with that
entity or a successor entity outside of the EIX controlled group. A termination of employment will not be deemed to occur for purposes of the LTI if a Holder’s employment by one EIX Company terminates but immediately thereafter the Holder is
employed by another EIX Company. 

  

	9.	CHANGE IN CONTROL; EARLY TERMINATION OF LTI 

 Notwithstanding any other provision herein, in the event of a Change in Control of EIX (as defined in Section 9.4), the provisions of this Section 9 will apply. 
  

	 	9.1	EIX Options. Upon (or, as may be necessary to effect the acceleration, immediately prior to) a Change in Control of EIX, all outstanding and unvested EIX
Options will become fully vested; provided, however, that such acceleration provision will not apply, unless otherwise expressly provided by the Committee, with respect to any EIX Options to the extent the Committee has made a provision for the
substitution, assumption, exchange or other continuation or settlement of the EIX Options, or the EIX Options would otherwise continue in accordance with their terms, in the circumstances. Any EIX Options that become vested pursuant to this
Section 9.1 or are otherwise vested shall terminate upon the related Change in Control of EIX; provided that the Holder of such EIX Option will be given reasonable advance notice of the impending termination and a reasonable opportunity to
exercise such EIX Option in accordance with its terms before such termination (except that in no event will more than 10 days’ notice of the accelerated vesting and impending termination be required); and provided further, that the Committee
may provide for such EIX Option, to the extent such option remains outstanding and unexercised, to be settled by a cash payment to the Holder of such option based upon the distribution or consideration payable to the holders of the EIX Common Stock
upon or in respect of such event, such cash payment to be made as soon as practicable after the Change in Control of EIX. 

  

 6 

	 	9.2	Performance Shares. Upon a Change in Control of EIX, the Performance Period for all outstanding Performance Shares will be shortened so that the Performance
Period will be deemed to have ended on the last day prior to such Change in Control of EIX, and the Performance Shares that will vest and become payable will be determined in accordance with Section 4.1 based on such shortened Performance
Period; provided, however, that this provision will not apply, unless otherwise expressly provided by the Committee, with respect to any Performance Shares to the extent the Committee has made a provision for the substitution, assumption, exchange
or other continuation or settlement of the Performance Shares, or the Performance Shares would otherwise continue in accordance with their terms, in the circumstances. Any Performance Shares that become subject to a shortened Performance Period
pursuant to this Section 9.2 shall be paid, to the extent such Performance Shares become vested and payable after giving effect to the first sentence of this Section 9.2, to the Holder in cash within 30 days after the date of the Change in
Control of EIX, and any such Performance Shares that do not become vested and payable shall terminate for no value as of the date of the Change in Control of EIX. 

  

	 	9.3	Restricted Stock Units. Upon (or, as may be necessary to effect the acceleration, immediately prior to) a Change in Control of EIX, all outstanding and unvested
Restricted Stock Units will become fully vested; provided, however, that such acceleration provision will not apply, unless otherwise expressly provided by the Committee, with respect to any Restricted Stock Units to the extent the Committee has
made a provision for the substitution, assumption, exchange or other continuation or settlement of the Restricted Stock Units, or the Restricted Stock Units would otherwise continue in accordance with their terms, in the circumstances.

  

	 	9.4	Other Acceleration Rules. Any acceleration of LTI pursuant to this Section 9 will comply with applicable legal requirements and, if necessary to accomplish
the purposes of the acceleration or if the circumstances require, may be deemed by the Committee to occur within a limited period of time not greater than 30 days prior to the Change in Control of EIX. Without limiting the generality of the
foregoing, the Committee may deem an acceleration to occur immediately prior to the applicable event and/or reinstate the original terms of a LTI if the event giving rise to acceleration does not occur. 

  

	 	9.5	Definition of Change in Control of EIX. A “Change in Control of EIX” shall be deemed to have occurred as of the first day, after the date of
grant of the award, that any one or more of the following conditions shall have been satisfied: 

  

	 	(A)	Any Person (other than a trustee or other fiduciary holding securities under an employee benefit plan of EIX) becomes the Beneficial Owner, directly or indirectly, of securities of
EIX representing thirty percent (30%) or more of the combined voting power of EIX’s then outstanding securities. For purposes of this clause, “Person” shall mean any individual, entity or group (within the meaning of
Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), except that such term shall not include one or more underwriters acquiring newly-issued voting securities (or securities
convertible into voting securities) directly from EIX with a view towards distribution; and the term “Beneficial Owner” shall mean as defined under Rule 13d-3 promulgated under the Exchange Act. 

  

	 	(B)	On any day after the date of grant (the “Reference Date”) Continuing Directors cease for any reason to constitute a majority of the Board. A director is a
“Continuing Director” if he or she either: 

  

	 	(i)	was a member of the Board on the applicable Initial Date (an “Initial Director”); or 

  

	 	 (ii)
	 was elected to the Board, or was nominated for election by EIX’s shareholders, by a vote of at least two-thirds
( 2/3) of the Initial Directors then in office. 

 A member of the Board who was not a director on the applicable Initial Date shall be deemed to be
an Initial Director for purposes of clause (b) above if his or her election, or nomination for election by EIX’s shareholders, was approved by a vote of at least two-thirds ( 2/3) of the Initial Directors (including directors elected after the applicable Initial Date who are deemed to be Initial Directors by application of
this provision) then in office. For these purposes, “Initial Date” means the later of (A) the date of grant or (B) the date that is two (2) years before the Reference Date. 
  

 7 

	 	(C)	EIX is liquidated; all or substantially all of EIX’s assets are sold in one or a series of related transactions; or EIX is merged, consolidated, or reorganized with or
involving any other corporation, other than a merger, consolidation, or reorganization that results in the voting securities of EIX outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted
into voting securities of the surviving entity) more than fifty percent (50%) of the combined voting power of the voting securities of EIX (or such surviving entity) outstanding immediately after such merger, consolidation, or reorganization.
Notwithstanding the foregoing, a bankruptcy of EIX or a sale or spin-off of an affiliate of EIX (short of a dissolution of EIX or a liquidation of substantially all of EIX’s assets, determined on an aggregate basis) will not constitute a Change
in Control of EIX. 

  

	 	(D)	The consummation of such other transaction that the Board may, in its discretion in the circumstances, declare to be a Change in Control of EIX for purposes of the Plans.

  

	10.	ENGAGING IN COMPETITION WITH EIX OR ITS AFFILIATES 

 In the event that a Holder who is at the level of Senior Vice President or above “competes” (as defined below) with any of the Companies prior to, or during the six-month period following, any exercise of an EIX Option, the
Committee, in its sole discretion, may rescind such exercise within two years after such exercise. In the event of any such rescission, the Holder shall pay to EIX, or the Company by which the Holder is or was last employed, the amount of any gain
realized as a result of the rescinded exercise in such manner and on such terms and conditions as the Committee may require, and EIX or such Company shall be entitled to set-off the amount of any such gain against any amount owed to the Holder by
EIX or such Company. For purposes of this Section 10, “compete” shall mean the Holder’s rendering of services for any organization, or engaging directly or indirectly in any business that competes with the business of EIX or any
of the Companies without the prior written consent of the General Counsel of EIX. 
  

	11.	TAXES AND OTHER WITHHOLDING 

 Upon any exercise,
vesting, or payment of any LTI, the Company shall have the right at its option to: 
  

	 	•	 	 require the Holder (or the Holder’s personal representative or beneficiary, as the case may be) to pay or provide for payment of at least the minimum amount of
any taxes which the Company may be required to withhold with respect to such LTI event or payment; or 

  

	 	•	 	 deduct from any amount otherwise payable in cash to the Holder (or the Holder’s personal representative or beneficiary, as the case may be) the minimum amount
of any taxes which the Company may be required to withhold with respect to such cash payment. 

 To the extent that the
receipt, exercise and/or vesting of any LTI requires tax withholding and a sufficient amount of cash (not otherwise deferred) is not generated from the underlying transaction to satisfy such withholding obligations, EIX shall (except as provided
below) substitute a cash award for a number of shares of Common Stock otherwise issuable pursuant to the LTI, rounded up to the next whole share for fractional shares, valued in a consistent manner at their fair market value as of the date of such
receipt, exercise and/or vesting transaction, necessary to satisfy the minimum applicable withholding obligation in connection with such transaction to the extent that such withholding amount exceeds the amount of cash generated from the underlying
transaction and not otherwise deferred. In no event shall the shares withheld exceed the minimum whole number of shares required for tax withholding under applicable law. If for any reason EIX cannot or elects not to satisfy such withholding
obligations in such manner, the Company shall have the right to satisfy such withholding obligations, or require the Holder to satisfy such withholding obligations, as otherwise provided above. 
 To the extent that the receipt, exercise and/or vesting of any LTI requires Garnishment Payments by the Company, and a sufficient amount of cash is not
generated by the underlying transaction to satisfy the Garnishment Payment obligations arising from such transaction, the Company shall substitute a cash award for a number of shares of Common Stock otherwise issuable pursuant to the LTI, rounded up
to the next whole share for fractional shares, having a fair market value on the payment date equal to the amount required by any Garnishment, less any cash received and not deferred in connection with such transaction. For this purpose,
“Garnishment” means garnishment orders, levies, and other assessments imposed by legal authority and “Garnishment Payments” means payments required by the Company pursuant to any such Garnishment. 
  

 8 

	12.	CONTINUED EMPLOYMENT 

 Nothing in the award
certificate or these Terms will be deemed to confer on the Holder any right to continue in the employ of any Company or interfere in any way with the right of the Companies to terminate his or her employment at any time. 
  

	13.	INSIDER TRADING; SECTION 16 

  

	 	13.1	Insider Trading. Each Holder shall comply with all EIX notice, trading and other policies regarding transactions in and involving EIX securities (including,
without limitation, policies prohibiting insider trading). 

  

	 	13.2	Section 16. If an LTI is granted to a person who later becomes subject to the provisions of Section 16 of the Exchange Act (“Section
16”), the LTI will immediately and automatically become subject to the requirements of Rule 16b-3(d) and/or 16b-3(e) ( the “Rule”) and may not be exercised, paid or transferred until the Rule has been satisfied. In its sole
discretion, the Committee may take any action to assure compliance with the requirements of the Rule, including withholding delivery to Holder (or any other person) of any security or of any other payment in any form until the requirements of the
Rule have been satisfied. The Secretary of EIX may waive compliance with the requirements of the Rule if he or she determines the transaction to be exempt from the provisions of paragraph (b) of Section 16. 

  

	 	13.3	Notice of Disposition. The Holder agrees that if he or she should plan to dispose of any shares of stock acquired on the exercise or payment of LTI awards
(including a disposition by sale, exchange, gift or transfer of legal title) and the Holder is a person who is requested to preclear EIX securities transactions, the Holder will notify EIX prior to such disposition. 

  

	14.	AMENDMENT 

 The LTI are subject to the terms of the
ECP and 2007 Plan, as applicable, and as each may be amended from time to time. EIX reserves the right to amend these Terms from time to time to the extent that EIX reasonably determines that the amendment is necessary or advisable to comply with
applicable laws, rules or regulations or to preserve the intended tax consequences of the applicable LTI (including, without limitation, compliance with Section 409A of the Code and regulations thereunder, to the extent that Section 409A
is applicable to the LTI). The LTI may not otherwise be amended or terminated (by amendment to or of a Plan or otherwise) in any manner materially adverse to the rights of the Holder of the affected LTI without such Holder’s consent.

  

	15.	MISCELLANEOUS 

  

	 	15.1	Force and Effect. The various provisions herein are severable in their entirety. Any determination of invalidity or unenforceability of any one provision will
have no effect on the continuing force and effect of the remaining provisions. 

  

	 	15.2	Governing Law. These Terms will be construed under the laws of the State of California. 

  

	 	15.3	Notice. Unless waived by EIX, any notice required under or relating to the LTI must be in writing, with postage prepaid, addressed to: Edison International,
Attn: Corporate Secretary, P.O. Box 800, Rosemead, CA 91770. 

  

	 	15.4	Construction. These Terms shall be construed and interpreted to comply with Section 409A of the Code. Additionally, when any
provision of this document refers to a date, and that date falls on a holiday or weekend, the date shall be deemed to be the next succeeding business day, except that the last day of the Performance Period shall occur on December 31, 2009. Any
determination of trading price or fair market value for purposes of these Terms shall be made consistent with the resolutions adopted by the EIX Board of Directors on July 19, 2001 entitled “Fair Market Value Measure for Equity-Based
Awards.” 

  

 9 

	 	15.5	Transfer Representations. The Holder agrees that any securities acquired by him or her hereunder are being acquired for his or her own account for investment
and not with a view to or for sale in connection with any distribution thereof and that he or she understands that such securities may not be sold, transferred, pledged, hypothecated, alienated, or otherwise assigned or disposed of without either
registration under the Securities Act of 1933 or compliance with the exemption provided by Rule 144 or another applicable exemption under such act. 

  

	 	15.6	Award Not Funded. The Holder will have no right or claim to any specific funds, property or assets of the Companies as to any award of LTI.

  

	 	15.7	Section 409A. Notwithstanding any provision of these Terms to the contrary, if the Holder is a “specified employee” as defined in
Section 409A of the Code, the Holder shall not be entitled to any payment with respect to any LTI subject to Section 409A upon a termination of the Holder’s employment until the earlier of (a) the date which is six
(6) months after the Holder’s termination of employment for any reason other than the Holder’s death, or (b) the date of the Holder’s death. Any amounts otherwise payable to the Holder following a termination of the
Holder’s employment that are not so paid by reason of this Section 15.7 shall be paid as soon as practicable after the date that is six (6) months after the termination of the Holder’s employment (or, if earlier, the date of the
Holder’s death). The provisions of this Section 15.7 shall only apply if, and to the extent, required to comply with Section 409A of the Code. 

  

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