SEC Contract Filing

Filing Date: 2023-10-26

Document Content:
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>5
<FILENAME>exhibit105-09302023.htm
<DESCRIPTION>EX-10.5
<TEXT>
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<title>Document</title></head><body><div id="idf3213c258804612992482aedd681ae4_1"></div><div style="min-height:69.12pt;width:100%"><div><font><br></font></div></div><div style="padding-left:360pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">EXHIBIT 10.5</font></div><div style="margin-bottom:0.1pt;padding-left:1pt;padding-right:1pt;text-align:center"><font><br></font></div><div style="margin-bottom:0.1pt;padding-left:1pt;padding-right:1pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:133%">PG&#38;E CORPORATION</font></div><div style="padding-left:1pt;padding-right:1pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">DEFINED CONTRIBUTION EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN </font></div><div style="padding-left:1pt;padding-right:1pt;text-align:center"><font><br></font></div><div style="padding-left:1pt;padding-right:1pt;text-align:center"><font><br></font></div><div style="padding-right:2pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Effective as of January 1, 2013 (the &#8220;Effective Date&#8221;), PG&#38;E Corporation adopted this Plan for the benefit of a select group of management or highly compensated employees of PG&#38;E Corporation and its Participating Subsidiaries. This Plan was further amended effective September 17, 2013, with respect to certain vesting and deferral election provisions and effective June 3, 2019 to reflect incentive structures adopted in connection with PG&#38;E Corporation&#8217;s and Pacific Gas and Electric Company&#8217;s voluntary petition filed on January 29, 2019 pursuant to chapter 11 of title 11 of the U.S. Bankruptcy Code. This Plan was further amended effective January 1, 2022 to reflect changes to officer categorization. This Plan was further amended effective February 15, 2023 with respect to when contribution payments are made under the Plan. This Plan was further amended effective September 12, 2023 to add Article 12 - Claims and Appeals Procedure. The Plan is an unfunded arrangement and is intended to be exempt from the participation, vesting, funding and fiduciary requirements set forth in Title I of ERISA.</font></div><div style="padding-right:2pt;text-indent:36pt"><font><br></font></div><div style="padding-left:1pt;padding-right:1pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">Article 1 &#8211; Definitions</font></div><div style="padding-right:2pt"><font><br></font></div><div style="padding-right:2pt;text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">When used in this Plan, the following words, terms and phrases have the meanings given to them in this Article unless another meaning is expressly provided elsewhere in this document. When applying these definitions and any other word, term or phrase used in this Plan, the form of any word, term or phrase will include any and all of its other forms.</font></div><div style="padding-right:2pt"><font><br></font></div><div style="padding-right:2pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">1.01&#160;&#160;&#160;&#160;&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">Account</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#8221; means the bookkeeping account established for each Eligible Employee as provided in Section 5.01 hereof.</font></div><div style="padding-right:2pt"><font><br></font></div><div style="padding-right:2pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">1.02&#160;&#160;&#160;&#160;&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">Aggregated Plan&#8221; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">means any arrangement that, along with this Plan, would be treated as a single nonqualified deferred compensation plan under Treasury Regulation Section 1.409A-</font></div><div style="padding-right:2pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">1(c)(2). </font></div><div style="padding-right:2pt"><font><br></font></div><div style="padding-right:2pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">1.03&#160;&#160;&#160;&#160;&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">Board</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#8221; means the Board of Directors of Company.</font></div><div style="padding-right:2pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%"> </font></div><div style="padding-right:2pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">1.04&#160;&#160;&#160;&#160;&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100