ComEd 2006 Annual Report Download - page 409

(G) Final Base Salary. The regular base salary paid by an Employer to a Participant during the final year of such
Participant’s employment by an Employer, increased by all amounts not includible in such Participant’s regular base salary
solely on account of his or her election to have compensation reduced pursuant to any qualified cash or deferred arrangement
described in section 401(k) of the Internal Revenue Code of 1986, as amended (the “Code”) or a cafeteria plan as defined in
section 125 of the Code, in either case, maintained by an Employer, but excluding amounts paid for overtime, payments made
under an annual or quarterly incentive plan and any reimbursements or other allowances for automobile, relocation, travel or
education expenses (even if includible in the Participant’s regular base salary).
(H) Participant. An Executive employed by the Company or one of its subsidiaries or affiliates designated as a Participant
by the Board of Directors of the Company, or a duly authorized designee. The names of participants appear in Schedule A to the
Plan.
(I) Plan. The plan herein set forth, as from time to time amended.
(J) Plan Administrator. The person designated as the Plan Administrator pursuant to Section 5.1 (A) or such other person,
partnership or corporation designated by the Company.
(K) Policy. A life insurance policy on the life of a Participant pursuant to which the Company is designated as the
beneficiary and which may be used to provide funds to the Company in order to provide the benefits under the Plan.
(L) Retirement. Termination of employment under circumstances that entitle a Participant to retiree medical benefits under
the Exelon Corporation Employee’s Medical Expense Plan or termination or employment that is otherwise deemed by the Plan
Administrator, in its sole discretion, to be a “retirement” for purposes of this Plan; provided that, in the event that a Participant
terminates employment pursuant to a salary continuation program maintained by an Employer, such Participant shall not be
considered to have terminated employment for purposes of this Plan or had a Retirement until payments under such salary
continuation program cease.
(M) Target Incentive. The target award that is established for the Participant with respect to the final year of such
Participant’s employment by an Employer under each incentive pay plan maintained by an Employer.
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