Common use of Appointment of Investment Managers Clause in Contracts

Appointment of Investment Managers. (1) The Committee may appoint one or more Investment Managers to direct theinvestment of all or part of the Trust, which investments shall be made in accordance with the terms of the applicable Investment ManagerAgreement(s) and the existing investment policies and procedures applicable to the Company’s nuclear decommissioning trusts, which policies and procedures may be updated from time to time by the Committee (provided that any amendment thereof shall require CPUC Approval) (the “Investment Policy”). The Committee shall also have theright to remove any such Investment Manager.

Appointment of Investment Managers. (1) The Committee may appoint one or more Investment Managers to direct theinvestment the investment of all or part of the Trust, which investments shall be made in accordance with the terms of the applicable Investment ManagerAgreement(sManager Agreement(s) and the existing investment policies and procedures applicable to the Company’s nuclear decommissioning trusts, which policies and procedures may be updated from time to time by the Committee (provided that any amendment thereof shall require CPUC Approval) (the “Investment Policy”). The Committee shall also have theright the right to remove any such Investment Manager.