ComEd 2006 Annual Report Download - page 417

Exhibit 10.53
FIRST AMENDMENT TO
EXELON CORPORATION
EXECUTIVE DEATH BENEFITS PLAN
WHEREAS, Exelon Corporation, a Pennsylvania corporation (the “Company”), has adopted and maintains a
supplemental death benefits plan for the benefit of selected executives titled “Exelon Corporation Executive Death
Benefits Plan” (the “Plan”); and
WHEREAS, the Company desires to amend the Plan (a) to freeze participation in the Plan, and (b) to provide a
gross-up payment upon distribution of an insurance policy to a participant in the Plan.
NOW, THEREFORE, RESOLVED, that pursuant to the power of amendment contained in Section 7.1 of the Plan,
the Plan is amended, effective January 1, 2006, as follows:
1. Article 1 of the Plan is amended by inserting the following new sentence at the end thereof:
Participation in the Plan is frozen as of January 1, 2006 and an individual who is not a Participant as of January 1,
2006 shall not be a Participant at any time.
2. Subdivision (H) of Article 2 is amended by adding the following new sentence at the end thereof:
An individual who is not a Participant as of January 1, 2006 shall not be a Participant at any time.
3. Section 3.1 of the Plan is amended by adding the following new sentence at the end thereof: