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This excerpt taken from the PCG 10-Q filed May 6, 2008. Career transition
services. For a maximum period of one year following the Date
of Resignation, the Corporation will provide Mr. Powell 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. Powell’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. Powell 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.
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