ComEd 2015 Annual Report Download - page 520

7.37. “SEC Person” means any person (as such term is used in Rule 13d-5 of the SEC under the Exchange Act) or group (as such term is defined in
Sections 3(a)(9) and 13(d)(3) of the Exchange Act), other than (a) Exelon or any Person that directly or indirectly controls, is controlled by, or
is under common control with, Exelon (an “Affiliate”). For purposes of this definition the term “control” with respect to any Person means the
power to direct or cause the direction of management or policies of such Person, directly or indirectly, whether through the ownership of
Voting Securities, by contract or otherwise, or (b) any employee benefit plan (or any related trust) of Exelon or any of its Affiliates.
7.38. “Section” means, unless the context otherwise requires, a section of this Plan.
7.39. “Senior Executive Management” means (a) an Executive whose title with respect to Exelon is Executive Vice President or above, (b) an
Executive whose title is President or Chief Executive Officer with respect to Baltimore Gas & Electric Company, Commonwealth Edison
Company, Exelon Generation Company, LLC, PECO Energy Company or such other Company as may be designated by Exelon’s Chief
Human Resources Officer, and (c) such other Executive who was described in subparagraph (a) or (b) and has been grandfathered by the Plan
Administrator.
7.40. “SERP” means the Constellation Energy Group, Inc. Benefit Restoration Plan, the PECO Energy Company Supplemental Retirement Plan or
the Exelon Corporation Supplemental Executive Retirement Plan, whichever is applicable to a Participant, or any successor thereto.
7.41. “Severance Incentive” means the Target Incentive for the performance period in which the Termination Date occurs; provided, however, that
for purposes of Section 5, “Severance Incentive” shall mean the greater of (a) the Target Incentive for the performance period in which the
Termination Date occurs, or (b) the average of the actual Annual Incentives paid (or payable, to the extent not previously paid) to a
Participant under the Annual Incentive Award Plan for each of the two calendar years preceding the calendar year in which the Termination
Date occurs.
7.42. “Severance Period” means the period beginning on a Participant’s Termination Date, provided such Participant’s Termination of Employment
entitles such Participant to benefits under Section 5.1 or 5.2, and ending on the second anniversary thereof.
7.43. “Specified Employee” means a “specified employee” within the meaning of Section 409A of the Code.
7.44. “Stock Options” — see Section 5.1(b).
7.45. “Target Incentive” as of a certain date means an amount equal to the product of Base Salary determined as of such date multiplied by the
percentage of such Base Salary (if any) to which a Participant would have been entitled immediately prior to such date under the Annual
Incentive Award Plan for the applicable
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Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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