Agreement Regarding Responsibility for John E. Bryson’s Deferred Compensation Plan Participation between Edison International, Southern California Edison Company, and John E. Bryson

Summary

This agreement is between Edison International (EIX), Southern California Edison Company (SCE), and John E. Bryson. It clarifies that, effective December 31, 2003, SCE will be responsible for the costs and payments related to Bryson’s participation in certain deferred compensation plans, not EIX. EIX will transfer Bryson’s account balance as of December 31, 2003, to SCE within 90 days. Bryson acknowledges SCE as the responsible party for future payments under these agreements.

EX-10.35 4 exh103503.htm AGREEMENT Exhibit 10.35
 AGREEMENT WHEREAS, John E. Bryson ("Bryson") and Southern California Edison Company, a California corporation ("SCE") entered into that certain 1985 Deferred Compensation Plan Agreement for Executives (the "1985 Agreement"), dated September 27, 1985, and that certain Deferred Compensation Plan Deferred Compensation Agreement, dated November 28, 1984 (the "1981A Agreement") (collectively, the "Agreements"); WHEREAS, in connection with Bryson's resigning as a director and officer of SCE effective January 1, 2000, Edison International ("EIX") agreed to prospectively be responsible for the costs of Bryson's participation in the Agreements and SCE transferred to EIX an amount equal to Bryson's account balance under the Agreements as of December 31, 1999; WHEREAS, effective January 1, 2003, Bryson resumed his position as Chairman of the Board of SCE. NOW THEREFORE, the parties hereby agree as follows: 1. Effective December 31, 2003, EIX shall no longer be responsible for the costs of Bryson's participation in the Agreements. 2. Within 90 days after the date hereof, EIX shall transfer to SCE an amount equal to equal to Bryson's account balance under the Agreements as of December 31, 2003, reflecting the cost of Bryson's participation in the Agreements through the end of 2003. 3. Bryson confirms that SCE, and not EIX, is the party responsible for payments under the Agreements. IN WITNESS WHEREOF, the parties have executed this Agreement as of December 31, 2003. EDISON INTERNATIONAL SOUTHERN CALIFORNIA EDISON COMPANY /S/ Theodore F. Craver, Jr. /S/ Alan J. Fohrer - -------------------------------------- ---------------------------------------- By: Theodore F. Craver, Jr. By: Alan J. Fohrer EVP, CFO and Treasurer CEO AGREED AND ACKNOWLEDGED: /S/ John E. Bryson - ------------------------------------ John E. Bryson