Sempra Energy Executive Personal Financial Planning Program Policy Document

EX-10.35 10 sempra-123119xex1035.htm EXHIBIT 10.35 Exhibit

Exhibit 10.35

SEMPRA ENERGY

EXECUTIVE PERSONAL FINANCIAL PLANNING PROGRAM

POLICY DOCUMENT

UPDATED EFFECTIVE JULY 1, 2019

Sempra Energy

Executive Financial Planning Policy


1.	PURPOSE

The purpose of this program is to assist executives in the following areas of financial planning: investment and retirement planning, income tax and estate planning, cash management, and stock option strategies.


2.	ADMINISTRATION

The program is administered by the Sempra Energy Executive Compensation department. The Chief Human Resources Officer has final authority with respect to all matters relating to this program.


3.	PARTICIPATION

Officers of Sempra Energy and any of its subsidiaries may be designated as participants. Current participation is limited to executives at the level of Vice President or higher. The Chief Human Resources Officer has final authority with respect to participation in the program.


4.	BENEFIT¹

Sempra Energy will pay participant expenses related to the financial planning services described in paragraph one, up to the maximum annual reimbursement amount. Maximum annual reimbursement amounts are:


(A)	Chief Executive Officer

$25,000 per year


(B)	Executive Vice Presidents, Group Presidents, Business Unit CEOs/Presidents and Corporate SVPs

$12,000 per year


(C)	All Other Participants

$10,000 per year

The benefit is taxable income to participants. If the participant incurs annual expenses less than the maximum annual reimbursement amount, the unused benefit may be paid in cash at year-end.


5.	PAYMENT OF EXPENSES

Participants must submit invoices for covered financial planning services to Executive Compensation. Sempra Energy will remit payment to the service provider. Participants should not pay the service provider directly. Invoices should be directed to:

Sempra Energy

Attn: Executive Compensation

488 8^th Avenue, HQ4N5

San Diego, CA 92101

¹Benefit levels effective July 1, 2019