2006 Base Salary and Short-Term Incentive Plan Target Participation Schedule for Certain Officers of PG&E Corporation and Subsidiaries
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Summary
This document lists the 2006 base salaries and short-term incentive plan (STIP) target participation rates for select executive officers of PG&E Corporation and its subsidiaries. It specifies the annual salary and the percentage of salary eligible as a target bonus for each named officer. The perquisite amounts for these officers range from $20,000 to $35,000. The agreement outlines compensation details for the year 2006 and applies only to the listed officers.
EX-10.24 8 ex10-24.htm SCHEDULE OF 2006 BASE SALARY AND SHORT-TERM INCENTIVE PLAN TARGET PARTICIPATION RATES FOR CERTAIN OFFICERS OF PG&E CORPORATION AND ITS SUBSIDIARIES Schedule of 2006 Base Salary and Short-Term Incentive Plan Target Participation Rates for certain officers of PG&E Corporation and its subsidiaries
Exhibit 10.24
Schedule of 2006 Officer Base Salary and Short-Term Incentive Plan Target Participation Rates
The 2006 base salaries and the 2006 STIP award targets (based on a percentage of base salary) for certain executive officers of PG&E Corporation and the Utility are as follows:
| Name and Title | 2006 Base Salary | 2006 STIP % Target |
| Peter A. Darbee, Chairman of the Boards, Chief Executive Officer and President, PG&E Corporation | $975,000 | 100% |
| Thomas B. King, President and Chief Executive Officer, Utility | $615,000 | 75% |
| Christopher P. Johns, Senior Vice President, Chief Financial Officer and Treasurer, PG&E Corporation and Utility | $494,000 | 55% |
| Bruce R. Worthington, Senior Vice President and General Counsel, PG&E Corporation | $489,250 | 55% |
| Rand L. Rosenberg, Senior Vice President, Corporate Strategy and Development, PG&E Corporation | $475,000 | 55% |
The 2006 perquisite amount for each officer ranges from $20,000 to $35,000.
