Financially, the arrangement your hu*****and proposed is very unfair according to CA law. Your marriage has lasted 10 years, based on the current salary difference, he has to pay you alimony lifetime; the split of the current wealth is also unfair; he may also entitle to pay you child support.
Of course, it also depends on how soon you want the divorce be finalized, how "greedy" you are. If two sides can reach an agreement, the divorce can drag for years. If you let judge decide, usually the wife will be much better off. A lawyer in CA told me so.
I agree with Lao Ma, your kid's interest is above all.
Good luck!