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This excerpt taken from the PCG 10-Q filed May 6, 2008. Payment of COBRA
premiums. If Mr. Powell 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. Powell becomes covered under the health-insurance plan of another
employer or through self-employment. Mr. Powell will promptly notify
the PG&E Corporation’s Human Resources Officer if he becomes employed within
that period.
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