ComEd 2015 Annual Report Download - page 502

4.8. Executive Perquisites. Executive perquisites shall terminate effective as of the Participant’s Termination Date, and any Company-owned
property shall be required to be returned to the Company no later than such date.
4.9. Outplacement and Financial Counseling Services. Each Participant shall be entitled to outplacement services at the expense of the Company
for the twelve month period following the Termination Date, and subject to such terms and conditions as the Plan Administrator, in its sole
discretion, determines are appropriate. No cash shall be paid in lieu of such fees and costs.
4.10. Restrictions on In-Kind Benefits. The in-kind benefits provided under each of Sections 4.5, 4.7 and 4.8 during any calendar year shall not
affect the benefits to be provided under such section in any subsequent calendar year. The right to such benefits shall not be subject to
liquidation or exchange for any other benefit
4.11. Other Coverage. Notwithstanding the foregoing, if such Participant is eligible to obtain a specific type of coverage under welfare plan(s)
sponsored by another employer of such Participant (e.g. medical, prescription, vision, dental, disability, individual life insurance benefits,
group life insurance benefits, but excluding for the purposes of this sentence retiree benefits if such Participant is so eligible), then the
Company shall not be obligated to provide any such specific type of coverage. The Participant shall promptly notify the Plan Administrator
of any such coverage.
5. CHANGE IN CONTROL BENEFITS
A Participant described in Section 2.3 shall be entitled to all Accrued Obligations and, subject to Section 6, benefits pursuant to this Section 5 if such a
Participant has a Termination of Employment during a Post-Change Period or Imminent Control Change Period, and such Participant shall not be eligible for
benefits under Section 4 unless so expressly provided in this Section 5.
5.1. Termination During a Post-Change Period. If, during a Post-Change Period, an eligible Executive has a Termination of Employment and
becomes a Participant, the Company’s sole obligations under Section 4 and Sections 5.1 and 5.2 shall be as set forth in this Section 5.1
(subject to Sections 5.3, 5.5, 5.6 and 6.0.
(a) Severance Payments. The Company shall pay or provide (or cause to be provided) to such Participant, according to the payment
terms set forth in Section 5.3 below, the following:
(i) Annual Incentive for Year of Termination. An amount equal to the Annual Incentive applicable to such Participant under the
Incentive Plan for the performance period in which the Termination Date occurs;
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Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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