This excerpt taken from the PCG 10-Q filed Nov 6, 2008.
Resignation. Effective August 31, 2008 (the �Resignation Date�), the Executive hereby resigns from his positions as Chief Executive Officer and President and a member of the Board of Directors of the Company, and resigns from employment with the Company and from each other position he holds with any of its affiliates, including as a director of any such entity. Promptly after his Resignation Date, he will be paid all salary or wages and vacation accrued, unpaid and owed to him as of the Resignation Date, he will remain entitled to any other benefits to which he is otherwise entitled as of the Resignation Date under the provisions of the Company�s plans and programs, and he will receive notice of the right to continue his existing health-insurance coverage pursuant to COBRA. The Executive shall make a diligent search for, and deliver to the Company, by the Resignation Date (i) any document, materials, files or computer files, or copies, reproductions, duplicates, transcriptions or replicas thereof relating to the Company�s business or affairs or belonging to the Company or any of its affiliates, which are in his possession or control and (ii) all other Company property (including, without limitation, laptop computer, blackberry, identification cards, security access cards, etc.), which are in his possession or control.
The continuation of wages and other compensation set forth in paragraph 2 below is conditioned upon the Executive�s acceptance of this Agreement.
2. Continued pay and service credit. To induce the Executive to resign as of the Resignation Date and for other consideration set forth herein, the Company will provide to the Executive, or his estate, the following compensation benefits conditioned upon the occurrence of the Effective Date of this Agreement as set forth in paragraph 18(a) below:
This excerpt taken from the PCG 10-Q filed May 6, 2008.
Resignation. Effective the close of business on March 5, 2008 (for purposes of this Agreement, the “Date of Resignation”), Mr. Powell will resign from his positions as Vice President, Chief Financial Officer and Controller of Pacific Gas and Electric Company and Vice President and Controller of PG&E Corporation, and resign from employment with the Corporation. Mr. Powell shall have until March 26, 2008, to accept this Agreement by submitting a signed copy to the Corporation. Regardless of whether Mr. Powell 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. Powell’s acceptance of this Agreement.