ComEd 2006 Annual Report Download - page 376

was terminated in 1997. Mr. D’Alessio was first elected to the PECO Energy board in 1983; Dr. Palms
was first elected in 1990, and Mr. Rubin was first elected in 1988. For Adm. DeMars and Mr. Jannotta,
a portion of the legacy deferred stock units were granted as a conversion of the accrued benefits under
the Unicom Directors Retirement plan when the plan was terminated in 1997. Ms. Gin also had 2,779
stock units from this plan that were distributed to her during 2006, pursuant to her election, upon her
65th birthday. Mr. Brennan was also a participant in this plan, however he made an irrevocable election
to receive deferred cash upon his retirement instead of stock. His cash balance under the plan, as of
12/31/2006 is $35,541.
Year First
Elected to the
Board
Deferred
Stock Units
From Legacy
Plans
Deferred
Stock Units
From
Exelon Plan
Total
Deferred
Stock
Units
Fair
Market
Value as of
12/31/2006
Edward A. Brennan ................ 1995 3,870 10,378 14,248 $ 881,804
M. Walter D’Alessio ................ 1983 23,414 10,378 33,792 2,091,391
Nicholas DeBenedictis .............. 2002 0 7,284 7,284 450,809
Bruce DeMars ..................... 1996 1,209 10,378 11,587 717,147
Nelson A. Diaz .................... 2004 0 3,627 3,627 224,489
SueL.Gin........................ 1993 0 10,378 10,378 642,304
Rosemarie B. Greco ................ 1998 5,669 10,378 16,047 993,184
Edgar D. Jannotta ................. 1994 12,905 10,378 23,283 1,440,979
John M. Palms .................... 1990 17,808 10,378 28,186 1,744,413
William C. Richardson .............. 2005 0 2,037 2,037 126,049
Thomas J. Ridge .................. 2005 0 1,811 1,811 112,088
John W. Rogers, Jr ................ 1999 3,259 10,378 13,637 843,979
Ronald Rubin ..................... 1988 23,295 10,378 33,673 2,084,012
Richard L. Thomas ................. 1998 8,694 10,378 19,072 1,180,351
Deferred Compensation
Directors may elect to defer any portion their cash compensation in a non-qualified multi-fund
deferred compensation plan. Each director has an unfunded account where the dollar balance can be
invested in one or more of several mutual funds, including one fund composed entirely of Exelon
common stock. Fund balances (including those amounts invested in the Exelon common stock fund)
will be paid out in cash and may be distributed in a lump sum or in annual installment payments upon a
director’s reaching age 65 or upon retirement from the board. These funds are identical to those that
are available to executive officers and are generally identical to those available to company employees
who participate in the Exelon Employee Savings Plan. Directors and executive officers do have one
additional fund not available to employees that, through its composition, does provide returns that for
2006 were found to be in excess of 120% of the federal long-term rate that is used by the IRS to
determine above market returns. Dr. Palms and Mr. Rubin had balances in this fund during 2006, and
the portion of their earnings which are in excess of the IRS criteria are included in the table.
Other Compensation
Exelon pays the cost of a director’s spouse’s travel, meals, lodging and other related amenities
when the spouses are invited to attend company or industry related events where it is customary and
expected that directors attend with their spouses. The cost of such travel, meals and other amenities is
imputed to the director as additional taxable income. However, in most cases there is no incremental
cost to Exelon of providing transportation and lodging for a director’s spouse when he or she
accompanies the director, and the only additional costs to Exelon are those for meals and other
amenities and to reimburse the director for the taxes on the imputed income. In 2006, incremental cost
to the company to provide these perquisites was less than $10,000 per director and the aggregate
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