ComEd 2006 Annual Report Download - page 371

ComEd
Name
Cash
Payment
($)
See Note 4
Value of
Unvested
Equity Awards
($)
See Note 5
Perquisites and Other
Benefits
($)
See Note 6
Total Value of all
Payments and Benefits
($)
(A) (B) (C) (D) (E)
Clark .............................. $286,000 $4,361,000 $— $4,647,000
McDonald .......................... 150,000 1,953,000 — 2,103,000
Mitchell ............................ 249,000 3,194,000 — 3,443,000
Costello ............................ 188,000 1,376,000 — 1,564,000
Hilzinger ........................... 158,000 1,833,000 — 1,991,000
4. Officers receive a pro-rated target annual incentive award based on the number of days worked during the year of
termination. Mr. Rowe would be entitled to a pro-rated portion of his Formula Annual Incentive as specified by his
employment agreement. His Formula Annual Incentive is defined as the greater of the (i) target annual incentive for the year
of termination, (ii) the actual annual incentive paid for the latest calendar year ended on or before the termination date, and
(ii) the average annual incentive paid for the three years prior to the year of termination (i.e., the 2003, 2004 and 2005 actual
annual incentives).
5. The Value of Unvested Equity Awards includes the sum of previously unvested stock options, previously earned but
unvested performance share units, a pro-rated target performance share unit award for the year of termination, and, if
applicable (depending upon each officer’s individual restricted stock or restricted stock unit awards (if any)), the value of any
unvested restricted stock or restricted stock units that may vest upon death or disability. For previously unvested stock
options, the value is determined by taking the spread between the closing price of Exelon stock on December 29, 2006,
which was $61.89, and the exercise price of each unvested stock option grant, multiplied by the number of unvested options.
Under the terms of the LTIP, if an optionee terminates employment due to death or disability, all options vest upon
termination. For all performance share units and restricted shares or restricted share units, the value is based on the
December 29, 2006 closing price of Exelon stock.
6. Pursuant to his employment agreement, Mr. Rowe would be entitled to three years of tax, financial and estate planning
services upon termination due to disability, and his estate would receive only one year of such services upon his death.
Estimated Value of Benefits to be Received Upon Involuntary Separation Not Related to a
Change in Control
The following tables show the estimated value of payments and other benefits to be conferred
upon the NEOs assuming they were terminated as of December 29, 2006 under the terms of the
Amended and Restated Senior Management Severance Plan. These payments and benefits are in
addition to the present value of the accumulated benefits from the NEO’s qualified and non-qualified
pension plans shown in the tables within the Pension Benefit section and the aggregate balance due to
each NEO that is shown in the tables within the Nonqualified Deferred Compensation section.
Exelon, Generation and PECO
Name
Cash
Payment
($)
See Note 7
Retirement
Benefit
Enhancement
($)
See Note 8
Value of
Unvested
Equity Awards
($)
See Note 9
Health &
Welfare
Benefit
Continuation
($)
See Note 10
Perquisites and
Other Benefits
($)
See Note 11
Total Value of
all Payments
and Benefits
($)
(A) (B) (C) (D) (E) (F) (G)
Rowe(11) ...... $7,527,000 $1,888,000 $22,549,000 $633,000 $975,000 $33,572,000
Skolds ........ 2,699,000 747,000 6,191,000 146,000 65,000 9,848,000
Young ........ 2,255,000 330,000 2,384,000 100,000 40,000 5,109,000
Mehrberg ..... 2,296,000 518,000 5,254,000 106,000 65,000 8,239,000
Clark ......... 1,738,000 367,000 3,742,000 182,000 65,000 6,094,000
McLean ....... 1,691,000 82,000 2,496,000 125,000 40,000 4,434,000
Crane ........ 1,938,000 471,000 2,454,000 80,000 40,000 4,983,000
O’Brien ....... 1,520,000 74,000 1,269,000 79,000 40,000 2,982,000
Hilzinger ...... 749,000 187,000 681,000 15,000 40,000 1,672,000
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