ComEd 2015 Annual Report Download - page 530

Company, any Subsidiary or the Company’s or Subsidiary’s business. Such individual performance measures related to the Company, a Subsidiary or the
Company’s or Subsidiary’s business may include: (A) production-related factors such as generating capacity factor, performance against the INPO index,
generating equivalent availability, heat rates and production cost, (B) transmission and distribution-related factors such as customer satisfaction, reliability
(based on outage frequency and duration), and cost, (C) customer service-related factors such as customer satisfaction, service levels and responsiveness and
bad debt collections or losses, and (D) relative performance against other similar companies in targeted areas. The measures may be weighted differently for
holders of awards based on their management level and the extent to which their responsibilities are primarily corporate or business unit-related, and may be
based in whole or in part on the performance of the Company, a Subsidiary, division and/or other operational unit under one or more of such measures. In the
sole discretion of the Committee, but subject to Section 162(m) of the Code, the Committee may amend or adjust the Performance Measures or other terms
and conditions of an outstanding award in recognition of unusual or nonrecurring events affecting the Company or its financial statements or changes in law
or accounting principles.
“Performance Option” shall mean an Incentive Stock Option or Nonqualified Stock Option, the grant of which or the exercisability of all or a portion
of which is contingent upon the attainment of specified Performance Measures within a specified Performance Period.
“Performance Period” shall mean any period designated by the Committee during which (i) the Performance Measures applicable to an award shall
be measured and (ii) the conditions to vesting applicable to an award shall remain in effect.
“Performance Share Award” shall mean a Restricted Stock Award or Restricted Stock Unit Award, the vesting of which is subject to the attainment of
specified Performance Measures within a specified Performance Period.
“Performance Unit” shall mean a right to receive, contingent upon the attainment of specified Performance Measures within a specified Performance
Period and the expiration of any applicable Restriction Period, a specified cash amount or, in lieu thereof, shares of Common Stock having a Fair Market
Value equal to such cash amount.
“Performance Unit Award” shall mean an award of Performance Units under this Plan.
“Person” shall mean any individual, sole proprietorship, partnership, joint venture, limited liability company, trust, unincorporated organization,
association, corporation, institution, public benefit corporation, entity or government instrumentality, division, agency, body or department.
“Plan” shall have the meaning set forth in Section 1.1.
“Prior Plan” shall mean the Exelon Corporation 2006 Long-Term Incentive Plan, as amended.
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Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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