SAN DIEGO GAS & ELECTRIC COMPANY
1994 DEFERRED COMPENSATION AGREEMENT
FOR OFFICERS #1
(1994 BASE COMPENSATION)
THIS AGREEMENT, made and entered into this 31st day of December, 1993, by and between San Diego Gas
& Electric Company, (hereinafter "Company") and ____________________________________ (hereinafter
"Officer"), an elected Officer of Company.
WHEREAS, in addition to 1994 base compensation, incentive compensation payable in the form of a single sum
cash bonus may be paid to Officer in 1995 for outstanding performance in 1994 ("1995 Bonus"); and
WHEREAS, Officer and Company desire that the payment of said 1994 base compensation and/or 1995 bonus
to Officer be deferred, pursuant to the terms and provisions of this Agreement;
NOW, THEREFORE, the parties hereto hereby agree as follows:
1. This Agreement shall be effective on the first date after its execution upon which Officer's bonus would
otherwise be payable to Officer for outstanding performance and shall continue in effect until this Agreement is
terminated as provided herein.
2. Company shall credit to an account on Company's books, in Officer's name, that portion of such Officer's
bonus otherwise payable to Officer as may be specified by Officer on an Election Form submitted to Company
simultaneously with the execution of this Agreement. If an Officer has elected to defer 100% of such Officer's
bonus and the Officer is also participating in the Savings Plan of San Diego Gas & Electric to the maximum extent
permissible, such Officer may also elect to defer, and Company shall credit to the Officer's account, a portion of
such Officer's base compensation (in equal monthly installments of whole dollar amounts).
3. There shall be credited to Officer's account an additional amount equal to seven percent (7%) per annum
computed on the balance in Officer's account as of the end of each month; provided, however, that Company
reserves the right to increase or decrease from time to time s