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This excerpt taken from the PCG 10-Q filed Nov 6, 2008. Non-Disparagement. The
Executive agrees to refrain from performing any act, engaging in any conduct or
course of action or making or publishing any statements, claims, allegations or
assertions, which have or may reasonably have the effect of demeaning the name
or business reputation of PG&E Corporation or any of its
subsidiaries or affiliates, or any of their respective employees, officers,
directors, agents or advisors in their capacities as such or which adversely
affects (or may reasonably be expected adversely to affect) the best interests
(economic or otherwise) of any of them. The Company agrees to refrain
from performing any act, engaging in any conduct or course of action or making
or publishing any statements, claims, allegations or assertions in any print,
electronic or television media or in investor conference calls or webcasts,
which have or may reasonably have the effect of demeaning the name or business
reputation of the Executive. The Company further agrees to instruct
the members of the Company�s Board of Directors, Peter Darbee, and all of the
Company�s Chief Executive Officers, Chief Operating Officers, Presidents, Senior
Vice Presidents and Vice Presidents (in each case, while such person remains a
Board member or employee of the Company) to comply with the Company�s
obligations under this paragraph. In the event that Peter
Darbee, or the Company�s Chief Legal Officer or Head of Human Resources acquires
actual knowledge that a violation of the Company�s obligations under this
paragraph 11 has occurred, the Company shall take reasonable action to reprimand
and further discourage such behavior in violation of this paragraph
11. Each Party agrees that nothing in this paragraph 11 shall
preclude the other Party from fulfilling any duty or obligation that he or it
may have at law, from responding to any subpoena or official inquiry from any
court or government agency, including providing truthful testimony, documents
subpoenaed or requested or otherwise cooperating in good faith with any
proceeding or investigation, or from taking any reasonable actions to enforce
such party�s rights under this Agreement in accordance with the dispute
resolution provisions specified in paragraph 14 hereof. Each Party shall
continue to comply with its or his obligations under this Paragraph 11
regardless of any alleged breach by the other Party of its or his
agreements contained in this paragraph 11 unless and until there has been a
final determination by a court or an arbitration panel that the other Party has
breached its or his obligations under this paragraph 11.
12. |
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