ComEd 2015 Annual Report Download - page 561

12. Investment Representation. By accepting an Award, the Participant represents and covenants that (a) any share of Common Stock acquired upon
the vesting of the Award will be acquired for investment and not with a view to the distribution thereof within the meaning of the Securities Act of 1933, as
amended (the “Securities Act”), unless such acquisition has been registered under the Securities Act and any applicable state securities law; (b) any
subsequent sale of any such shares shall be made either pursuant to an effective registration statement under the Securities Act and any applicable state
securities laws, or pursuant to an exemption from registration under the Securities Act and such state securities laws; and (c) if requested by the Company, the
Participant shall submit a written statement, in form satisfactory to the Company, to the effect that such representation (x) is true and correct as of the date of
acquisition of any shares hereunder or (y) is true and correct as of the date of any sale of any such shares, as applicable. As a further condition precedent to the
delivery to the Participant of any shares subject to the Award, the Participant shall comply with all regulations and requirements of any regulatory authority
having control of or supervision over the issuance of the shares and, in connection therewith, shall execute any documents which the Company shall in its
sole discretion deem necessary or advisable.
13. Award Confers No Rights to Continued Employment. In no event shall the granting of an Award or its acceptance by a Participant give or be
deemed to give the Participant any right to continued employment by the Company.
14. Administrator. This Program shall be administered by the Company’s Vice President, Corporate Compensation (the “Administrator”). Except for
authority reserved to the Board or the Committee, the Administrator shall have the right to interpret the Program, make any determinations hereunder, and
take any necessary or appropriate actions with respect to the administration of the Program or in connection with each Award. Any such interpretation,
determination or other action made or taken by the regarding this Program or an Award shall be final, binding and conclusive.
15. Miscellaneous Provisions.
(a) Successors. This Program and each Award shall be binding upon and inure to the benefit of any successor or successors of the Company and
any person or persons who shall, upon the death of a Participant, acquire any rights under such Award in accordance with this Program or the Plan.
(b) Notices. All notices, requests or other communications provided for in this Program (other than the exercise of a stock option) shall be made,
if to the Company, to Exelon Corporation, 10 South Dearborn Street, Chicago, Illinois 60603, Attention: Vice President, Corporate Compensation, and
if to the Participant, to his or her then current work location. All notices, requests or other communications provided for in this Program shall be made
in writing either (a) by personal delivery to the party entitled thereto, (b) by facsimile with confirmation of receipt, (c) by mailing in the United States
mails to the last known address of the party entitled thereto or (d) by express courier service. The notice, request or other communication shall be
deemed to be received upon personal delivery, upon confirmation of receipt of facsimile transmission, or upon receipt by the party entitled thereto if
by United States mail or express courier service; provided, however, that if a notice, request or other communication is not received during regular
business hours, it shall be deemed to be received on the next succeeding business day of the Company.
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Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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