Document:

Performance Share Agreement

 Exhibit 10.5 
 PG&E CORPORATION 
 2006 LONG-TERM INCENTIVE PLAN 

2011 PERFORMANCE SHARE GRANT 
 ANTHONY F. EARLEY, JR. 
 PG&E CORPORATION, a California
corporation, hereby grants Performance Shares to the Recipient named below. The Performance Shares have been granted under the PG&E Corporation 2006 Long-Term Incentive Plan, as amended (the “LTIP”). The terms and conditions of the
Performance Shares are set forth in this cover sheet and the attached Performance Share Agreement (the “Agreement”). 
  

			
	Date of Grant:	  	September 13, 2011
		
	Name of Recipient:	  	 Anthony F. Earley, Jr.

		
	Recipient’s Participant ID:	  	  

		
	Number of Performance Shares:	  	 29,570

 By accepting this award, you agree to all of the terms and conditions described in the attached
Agreement. You and PG&E Corporation agree to execute such further instruments and to take such further action as may reasonably be necessary to carry out the intent of the attached Agreement. You are also acknowledging receipt of this Grant, the
attached Agreement, and a copy of the prospectus describing the LTIP and the Performance Shares dated March 1, 2011, which is supplemented hereby. 
 Attachment 

 This document constitutes part of a 

Prospectus covering securities that 
 have been registered under the 
 Securities Act of 1933, as amended.

 PG&E CORPORATION 2006 LONG-TERM INCENTIVE PLAN 

PERFORMANCE SHARE AGREEMENT 
  

			
	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 Any prior agreements, commitments or negotiations are superseded.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 or the Prospectus dated March 1, 2011, this Agreement shall govern.
The LTIP provides the Committee with discretion to adjust the performance award formula.
  
 For purposes of this Agreement, employment with PG&E Corporation shall mean employment with any member of the Participating Company Group.

		
	 Grant of
 Performance
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.
		
	 Vesting of Performance

Shares
	  	As long as you remain employed with PG&E Corporation, the Performance Shares will vest on December 31, 2013 (the “Vesting Date”). Except as described below, all
Performance Shares subject to this Agreement that have not vested shall be forfeited upon termination of your employment.
		
	 Settlement in

Shares and

Settlement

Percentage
	  	Vested Performance Shares will be settled in shares of PG&E Corporation common stock, subject to the satisfaction of Withholding Taxes, as described below. The number of shares
you are entitled to receive will be calculated by multiplying the number of vested Performance Shares by the “settlement percentage” determined as follows (except as set forth elsewhere in this Agreement):
		
		  	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 performance comparator group for the period starting on the date on which you start employment with PG&E Corporation (the “Start Date”) and ending on December 31, 2013 (the “Performance Period”). Subject to
rounding considerations, if PG&E Corporation’s TSR falls below the 25th percentile of the comparator group the settlement percentage will be 0%; if PG&E Corporation’s TSR is at the 25th percentile, the settlement percentage will be 25%; if PG&E Corporation’s TSR is at the 75th percentile, the settlement percentage will be 100%; and if PG&E
Corporation’s TSR is in the top rank, the settlement percentage will be 200%. The following table sets forth the settlement percentages for the other TSR rankings that could be

			
		  	achieved based on PG&E Corporation’s TSR rank within the comparator group:

  

									
	 Number of Companies in
Total
(Including PG&E Corporation) - 13
	 
	  	  	Performance
Percentile
	 	 	Rounded
Payout	 
	 Rank
	  	 
	 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	% 

  

			
	 Settlement

Timing
	  	The final settlement percentage, if any, will be determined as soon as practicable following the date that the Compensation Committee (or Subcommittee of that Committee) of the
PG&E Corporation Board of Directors or an equivalent body certifies the TSR percentile rank over the Performance Period pursuant to Section 10.5(a) of the LTIP. Vested Performance Shares will be settled no earlier than January 1, 2014 and
no later than March 14, 2014.
		
	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 settlement in accordance with the preceding paragraph, at the time of settlement 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 settlement percentage used to determine the number of shares you are entitled to receive, if any.
		
	 Voluntary

Termination
	  	If you terminate your employment with PG&E Corporation voluntarily 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.
		
	 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.

  
 A-2

			
	 	 	  
 For these purposes, “cause” means when
PG&E Corporation, acting in good faith based upon information then known
to it, determines that you have engaged in, committed, or are responsible for (1) serious misconduct, gross negligence,
theft, or fraud against PG&E Corporation
and/or its affiliates, (2) refusal or unwillingness to perform your duties; (3)
inappropriate conduct in violation of PG&E Corporation’s equal employment opportunity policy; (4) conduct which
reflects adversely upon, or making any
remarks disparaging of, PG&E Corporation, its Board of Directors, Officers, or
employees, or its affiliates or subsidiaries; (5) insubordination; (6) any willful act that is likely to have the effect of
injuring the reputation, business,
or business relationship of PG&E Corporation or its subsidiaries or affiliates; (7)
violation of any fiduciary duty; or (8) breach of any duty of loyalty.

		
	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, all unvested Performance Shares will be
cancelled unless your termination of employment was in
connection with a Change in Control as provided below.
		
	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 settled, if at all, based
on the settlement percentages and the timing described in “Settlement in Shares and Settlement Percentage” and “Settlement Timing” above. At the time of settlement 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 settlement percentage used to determine the number of shares you are entitled to receive, if any.
		
	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, the Performance Shares shall vest and be settled in the same manner as for a “Termination other than for
Cause” described above.
		
	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 for the Performance Period shall be calculated by combining (a) the
TSR of PG&E Corporation

  
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		  	for the period from the Start Date 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 Vesting Date. In all other
respects, the settlement percentage will be determined following the methology in “Settlement in Shares and Settlement Percentage” above. Any vested Performance Shares will be settled based on the timing described in “Settlement
Timing” above. At the time of settlement 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 settlement percentage
used to determine the number of shares you are entitled to receive, if any.
		
		  	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. The settlement percentage, if any, will be based on TSR for the period from the Start Date to the date of the Change in Control compared to the TSR of the other companies in PG&E Corporation’s comparator group for the same period.
In all other respects, the settlement percentage will be determined following the methology in “Settlement in Shares and Settlement Percentage” above. Any vested Performance Shares will be settled based on the timing described in
“Settlement Timing” above. At the time of settlement 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 settlement percentage used to determine the number of shares you are entitled to receive, if any.
		
	Termination In Connection with a Change in Control	  	If your employment is terminated by PG&E Corporation other than for cause in connection with a Change in Control 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. If your
employment is terminated by PG&E Corporation other than for cause in connection with a Change in Control within three months before the Change in Control occurs, all of your outstanding Performance Shares will automatically vest in full and
become nonforfeitable (including the portion that you would have otherwise forfeited based on the proration of vested Performance Shares through the date of termination of your employment) as of the date of the Change in Control. Your vested
Performance Shares will be settled, if at all, based on the timing described above in “Settlement Timing” and the settlement percentages described above in “Change in Control.” At the time of settlement you shall also 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 settlement percentage used to determine the number of shares you are entitled to
receive, if any. 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	  	The number of shares of PG&E Corporation common stock that you are otherwise entitled to receive upon settlement of Performance Shares will be reduced by a number of shares
having an aggregate Fair Market Value, as determined by PG&E Corporation, equal to the amount of any Federal, state, or local taxes of any kind required by law to be withheld by PG&E Corporation in connection with the Performance Shares
determined using the applicable minimum statutory withholding rates, including social security and Medicare taxes due under the Federal Insurance Contributions Act and the California State Disability Insurance tax (“Withholding Taxes”). If
the withheld shares were not sufficient to satisfy your minimum Withholding Taxes, you will be required to pay, as soon as practicable, including through additional payroll withholding, any amount of the Withholding Taxes that is not satisfied by
the withholding of shares described above.
		
	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.

		
	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.
		
	Applicable Law	  	This Agreement will be interpreted and enforced under the laws of the State of California.

  
 A-5Separation Agreement

 Exhibit 10.6 
 THE TERMS AND CONDITIONS OF THIS AGREEMENT ARE PURSUANT TO THE PG&E CORPORATION OFFICER SEVERANCE PLAN, ADOPTED BY THE NOMINATING, COMPENSATION, AND GOVERNANCE COMMITTEE OF PG&E CORPORATION,
AND ARE NOT SUBJECT TO NEGOTIATION 
 SEPARATION AGREEMENT 

This Separation Agreement (this “Agreement”) is made and entered into by and between Rand Rosenberg and PG&E Corporation
(the “Corporation”) (collectively the “Parties”) and sets forth the terms and conditions of Mr. Rosenberg’s separation from employment with the Corporation. The “Effective Date” of this Agreement is defined in
paragraph 18(a). 
 1. Resignation. Effective the close of business on October 31, 2011 (for purposes of this
Agreement, the “Date of Separation,”Mr. Rosenberg no longer will serve in his position as Senior Vice President, Corporate Strategy and Development of the Corporation. Mr. Rosenberg shall have until October 20, 2011 to accept
this Agreement by submitting a signed copy to the Corporation. Regardless of whether Mr. Rosenberg accepts this Agreement, on his Date of Resignation, he will be paid all salary or wages and vacation accrued, unpaid and owed to him as of that
date, he will remain entitled to any other benefits to which he is otherwise entitled under the provisions of the Corporation’s plans and programs, and he will receive notice of the right to continue his existing health-insurance coverage
pursuant to COBRA. 
 The benefits set forth in paragraph 2 below are conditioned upon Mr. Rosenberg’s acceptance of
this Agreement. 
 2. Separation benefits. Even though Mr. Rosenberg is not otherwise entitled to them, in
consideration of his acceptance of this Agreement, the Corporation will provide to Mr. Rosenberg the following separation benefits: 
 a. Severance payment. Under the terms of the PG&E Corporation Officer Severance Policy, Mr. Rosenberg’s severance payment amount is One Million Seven Hundred and Nine Thousand And Two
Hundred Thirty-Two Dollars ($1,709,232), less applicable withholdings and deductions. 
 b. Stock. Upon the Date of
Resignation, but conditioned on the occurrence of the Effective Date of this Agreement as set forth in paragraph 18(a) below, all unvested restricted stock grants, performance share grants, and special incentive stock ownership premiums (SISOPS)
provided to Mr. Rosenberg under PG&E Corporation’s 2006 Long-Term Incentive Plan shall continue to vest, terminate, or be canceled as provided under the terms of their respective plans or program, as modified by the PG&E
Corporation Officer Severance Policy in effect at the time this Agreement is signed by Mr. Rosenberg. The payment and withdrawal of Mr. Rosenberg’s vested restricted stock grants, performance share grants, and SISOPs shall be as
provided under the terms of their respective plans or program, as modified by the PG&E Corporation Officer Severance Policy in effect at the time this Agreement is signed by Mr. Rosenberg. 

 c. In the event that officers in Mr. Rosenberg’s officer band are eligible for a
payment under the Corporation’s Short-Term Incentive Plan (“STIP”) for the year in which the Date of Resignation occurs, Mr. Rosenberg will be entitled to receive a prorated STIP bonus at the same time such bonus, if any, would
otherwise be paid to other officers in his band. The STIP Plan Administrator will have the sole discretion to determine the amount of STIP payment, consistent with the program guidelines for the year in which the Date of Resignation occurs.

 d. Career transition services. For a maximum period of one year following the Date of Resignation, the Corporation
will provide Mr. Rosenberg with executive career transition services from the firm of Torchiana, Mastrov & Sapiro, Inc., in accordance with the contract between the Corporation and Torchiana, Mastrov & Sapiro, Inc.
Mr. Rosenberg’s entitlement to services under this Agreement will terminate when he becomes employed, either by another employer or through self-employment other than consulting with the Corporation. If Mr. Rosenberg becomes employed,
he will promptly notify PG&E Corporation’s Human Resources Officer to enable the Corporation to end the provision of services to him by Torchiana, Mastrov & Sapiro, Inc. 

e. Payment of COBRA premiums. If Mr. Rosenberg elects and is otherwise eligible to continue his existing health-insurance
coverage pursuant to COBRA, the Corporation will pay his monthly COBRA premiums for the eighteen-month period commencing the first full month after the Date of Resignation and until and unless Mr. Rosenberg becomes covered under the
health-insurance plan of another employer or through self-employment. Mr. Rosenberg will promptly notify the PG&E Corporation’s Human Resources Officer if he becomes employed within that period. 

3. Defense and indemnification in third-party claims. The Corporation and/or its affiliate, or subsidiary will provide
Mr. Rosenberg with legal representation and indemnification protection in any legal proceeding in which he is a party or is threatened to be made a party by reason of the fact that he is or was an employee or officer of the Corporation and/or
its parent, affiliate or subsidiary, in accordance with the terms of the resolution of the Board of Directors of PG&E Corporation dated December 18, 1996. 
 4. Cooperation with legal proceedings. Mr. Rosenberg will, upon reasonable notice, furnish information and proper assistance to the Corporation and/or its affiliate or subsidiary (including
truthful testimony and document production) as may reasonably be required by them or any of them in connection with any legal, administrative or regulatory proceeding in which they or any of them is, or may become, a party, or in connection with any
filing or similar obligation imposed by any taxing, administrative or regulatory authority having jurisdiction, provided, however, that the Corporation and/or its affiliate or subsidiary will pay all reasonable expenses incurred by
Mr. Rosenberg in complying with this paragraph. 
 5. Release of claims and covenant not to sue. 

a. In consideration of the separation benefits and other benefits the Corporation is providing under this Agreement, Mr. Rosenberg,
on behalf of himself and his representatives, agents, heirs and assigns, waives, releases, discharges and promises never to assert any and all claims, liabilities or obligations of every kind and nature, whether known or

  
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unknown, suspected or unsuspected that he ever had, now has or might have as of the Effective Date against the Corporation or its predecessors, affiliates, subsidiaries, shareholders, owners,
directors, officers, employees, agents, attorneys, successors, or assigns. These released claims include, without limitation, any claims arising from or related to Mr. Rosenberg’s employment with the Corporation, or any of its affiliates
and subsidiaries, and the termination of that employment. These released claims also specifically include, but are not limited, any claims arising under any federal, state and local statutory or common law, such as (as amended and as applicable)
Title VII of the Civil Rights Act, the Age Discrimination in Employment Act, the Americans With Disabilities Act, the Employee Retirement Income Security Act, the California Fair Employment and Housing Act, the California Labor Code, any other
federal, state or local law governing the terms and conditions of employment or the termination of employment, and the law of contract and tort; and any claim for attorneys’ fees. 

b. Mr. Rosenberg acknowledges that there may exist facts or claims in addition to or different from those which are now known or
believed by him to exist. Nonetheless, this Agreement extends to all claims of every nature and kind whatsoever, whether known or unknown, suspected or unsuspected, past or present, and Mr. Rosenberg specifically waives all rights under
Section 1542 of the California Civil Code which provides that: 
 A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE
CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN TO HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR. 

c. With respect to the claims released in the preceding paragraphs, Mr. Rosenberg will not initiate or maintain any legal or
administrative action or proceeding of any kind against the Corporation or its predecessors, affiliates, subsidiaries, shareholders, owners, directors, officers, employees, agents, attorneys, successors, or assigns, for the purpose of obtaining any
personal relief, nor (except as otherwise required or permitted by law) assist or participate in any such proceedings, including any proceedings brought by any third parties. 
 6. Re-employment. Mr. Rosenberg will not seek any future re-employment with the Corporation, or any of its subsidiaries or affiliates. This paragraph will not, however, preclude
Mr. Rosenberg from accepting an offer of future employment from the Corporation, or any of its subsidiaries or affiliates. 

7. Non-disclosure. 
 a. Mr. Rosenberg will not use, disclose, publicize, or circulate any confidential or proprietary information concerning the Corporation or its subsidiaries or affiliates, which has come to his
attention during his employment with the Corporation, unless doing so is expressly authorized in writing by the PG&E Corporation’s Chief Legal Officer, or is otherwise required or permitted by law. Before making any legally-required or
permitted disclosure, Mr. Rosenberg will give the Corporation notice at least ten (10) business days in advance. 

  
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 8. No unfair competition. 

a. Mr. Rosenberg will not engage in any unfair competition against the Corporation, or any of its subsidiaries or affiliates.

 b. For a period of one year after the Effective Date, Mr. Rosenberg will not, directly or indirectly, solicit or contact
for the purpose of diverting or taking away or attempt to solicit or contact for the purpose of diverting or taking away: 
  

	 	(1)	any existing customer of the Corporation, or its affiliates or subsidiaries; 

 

	 	(2)	any prospective customer of the Corporation, or its affiliates or subsidiaries about whom Mr. Rosenberg acquired information as a result of any solicitation
efforts by the Corporation, or its affiliates or subsidiaries, or by the prospective customer, during Mr. Rosenberg’s employment with the Corporation; 

 

	 	(3)	any existing vendor of the Corporation or its affiliates or subsidiaries; 

  

	 	(4)	any prospective vendor of the Corporation, or its affiliates or subsidiaries, about whom Mr. Rosenberg acquired information as a result of any solicitation efforts
by the Corporation or its affiliates or subsidiaries, or by the prospective vendor, during Mr. Rosenberg’s employment with the Corporation; 

  

	 	(5)	any existing employee, agent or consultant of the Corporation or its affiliates or subsidiaries, to terminate or otherwise alter the person’s or entity’s
employment, agency or consultant relationship with the Corporation, or its affiliates or subsidiaries; or 

  

	 	(6)	any existing employee, agent or consultant of the Corporation, or its affiliates or subsidiaries, to work in any capacity for or on behalf of any person, Corporation or
other business enterprise that is in competition with the Corporation, or its affiliates or subsidiaries. 

 9.
Material breach by Employee. In the event that Mr. Rosenberg breaches any material provision of this Agreement, including but not necessarily limited to paragraphs 4, 5, 6, 7, and/or 8, the Corporation will have no further obligation to
pay or provide to him any unpaid amounts or benefits specified in this Agreement and will be entitled to immediate return of any and all amounts or benefits previously paid or provided to him under this Agreement. Despite any breach by
Mr. Rosenberg, his other duties and obligations under this Agreement, including his waivers and releases, will remain in full force and effect. In the event of a breach or threatened breach by Mr. Rosenberg of any of the provisions in
paragraphs 4, 5, 6, 7, and/or 8, the Corporation will, in addition to any other remedies provided in this Agreement, be entitled to 

  
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equitable and/or injunctive relief and, because the damages for such a breach or threatened breach will be difficult to determine and will not provide a full and adequate remedy, the Corporation
will also be entitled to specific performance by Mr. Rosenberg of his obligations under paragraphs 4, 5, 6, 7, and/or 8. Pursuant to paragraph 14, and except as otherwise prohibited or limited by law, Mr. Rosenberg will also be liable for
any litigation costs and expenses that the Corporation incurs in successfully seeking enforcement of its rights under this Agreement, including reasonable attorney’s fees. 

10. Material breach by the Corporation. Mr. Rosenberg will be entitled to recover actual damages in the event of any material
breach of this Agreement by the Corporation, including any unexcused late or non-payment of any amounts owed under this Agreement, or any unexcused failure to provide any other benefits specified in this Agreement. In the event of a breach or
threatened breach by the Corporation of any of its material obligations to him under this Agreement, Mr. Rosenberg will be entitled to seek, in addition to any other remedies provided in this Agreement, specific performance of the
Corporation’s obligations and any other applicable equitable or injunctive relief. Pursuant to paragraph 14, and except as prohibited or limited by law, the Corporation will also be liable for any litigation costs and expenses that
Mr. Rosenberg incurs in successfully seeking enforcement of his rights under this Agreement, including reasonable attorney’s fees. Despite any breach by the Corporation, its other duties and obligations under this Agreement will remain in
full force and effect. 
 11. No admission of liability. This Agreement is not, and will not be considered, an admission
of liability or of a violation of any applicable contract, law, rule, regulation, or order of any kind. 
 12. Complete
agreement. This Agreement sets forth the entire agreement between the Parties pertaining to the subject matter of this Agreement and fully supersedes any prior or contemporaneous negotiations, representations, agreements, or understandings
between the Parties with respect to any such matters, whether written or oral (including any that would have provided Mr. Rosenberg with any different severance arrangements). The Parties acknowledge that they have not relied on any promise,
representation or warranty, express or implied, not contained in this Agreement. Parol evidence will be inadmissible to show agreement by and among the Parties to any term or condition contrary to or in addition to the terms and conditions contained
in this Agreement. 
 13. Severability. If any provision of this Agreement is determined to be invalid, void, or
unenforceable, the remaining provisions will remain in full force and effect except that, should paragraphs 4, 5, 6, 7, and/or 8 be held invalid, void or unenforceable, either jointly or separately, the Corporation will be entitled to rescind the
Agreement and/or recover from Mr. Rosenberg any payments made and benefits provided to him under this Agreement. 
 14.
Arbitration. With the exception of any request for specific performance, injunctive or other equitable relief, any dispute or controversy of any kind arising out of or related to this Agreement, Mr. Rosenberg’s employment with the
Corporation, the separation of Mr. Rosenberg from that employment and from his positions as an officer and/or director of the Corporation or any subsidiary or affiliate, or any claims for benefits, will be resolved exclusively

  
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by final and binding arbitration using a three-member arbitration panel in accordance with the Commercial Arbitration Rules of the American Arbitration Association currently in effect, provided,
however, that in rendering their award, the arbitrators will be limited to accepting the position of Mr. Rosenberg or the Corporation. The only claims not covered by this paragraph are any non-waivable claims for benefits under workers’
compensation or unemployment insurance laws, which will be resolved under those laws. Any arbitration pursuant to this paragraph will take place in San Francisco, California. The Parties may be represented by legal counsel at the arbitration but
must bear their own fees for such representation in the first instance. The prevailing party in any dispute or controversy covered by this paragraph, or with respect to any request for specific performance, injunctive or other equitable relief, will
be entitled to recover, in addition to any other available remedies specified in this Agreement, all litigation expenses and costs, including any arbitrator, administrative or filing fees and reasonable attorneys’ fees, except as prohibited or
limited by law. The Parties specifically waive any right to a jury trial on any dispute or controversy covered by this paragraph. Judgment may be entered on the arbitrators’ award in any court of competent jurisdiction. Subject to the
arbitration provisions of this paragraph, the sole jurisdiction and venue for any action related to the subject matter of this Agreement will be the California state and federal courts having within their jurisdiction the location of the
Corporation’s principal place of business in California at the time of such action, and both Parties hereby consent to the jurisdiction of such courts for any such action. 

15. Governing law. This Agreement will be governed by and construed under the laws of the United States and, to the extent not
preempted by such laws, by the laws of the State of California, without regard to their conflicts of laws provisions. 
 16.
No waiver. The failure of either Party to exercise or enforce, at any time, or for any period of time, any of the provisions of this Agreement will not be construed as a waiver of that provision, or any portion of that provision, and will in
no way affect that party’s right to exercise or enforce such provisions. No waiver or default of any provision of this Agreement will be deemed to be a waiver of any succeeding breach of the same or any other provisions of this Agreement.

 17. Non-disparagement Covenant. Mr. Rosenberg shall not disparage the Corporation, or any affiliate or
subsidiary, or any product or service of the Corporation, or any affiliate or subsidiary, or any past or present employee, officer or director of the Corporation or any affiliate or subsidiary, or of any member of any Board of Directors of any
entity affiliated with the Corporation. No Corporation officer or director of the Corporation or affiliate or subsidiary shall, while employed by or a member of the Board, as the case may be, disparage Mr. Rosenberg. 

18. Acceptance of Agreement. 
 a. Mr. Rosenberg was provided up to 21 days to consider and accept the terms of this Agreement and was advised to consult with an attorney about the Agreement before signing it. The provisions of the
Agreement are, however, not subject to negotiation. After signing the Agreement, Mr. Rosenberg will have an additional seven (7) days in which to revoke 

  
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in writing acceptance of this Agreement. To revoke, Mr. Rosenberg will submit a signed statement to that effect to PG&E Corporation’s Chief Legal Officer before the close of
business on the seventh day. If Mr. Rosenberg does not submit a timely revocation, the Effective Date of this Agreement will be the eighth day after he has signed it. 
 b. Mr. Rosenberg acknowledges reading and understanding the contents of this Agreement, being afforded the opportunity to review carefully this Agreement with an attorney of his choice, not relying
on any oral or written representation not contained in this Agreement, signing this Agreement knowingly and voluntarily, and, after the Effective Date of this Agreement, being bound by all of its provisions. 

 

			
		 	  

	Dated: October     , 2011	 	 JOHN SIMON
 Senior Vice
President
 Human Resources

		
	Dated: October 13, 2011	 	 RAND ROSENBERG

		 	RAND ROSENBERG

  
 7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00195-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00195-of-00352.parquet"}]]