Exelon 2015 Annual Report Download - page 519

7.22. “including” means including without limitation.
7.23. “Incumbent Board” - see definition of Change in Control.
7.24. “LTIP” means the Exelon Corporation Long-Term Incentive Plan, as amended from time to time, or any successor thereto.
7.25. “LTIP Performance Period” means the performance period applicable to an LTIP award, as designated in accordance with the LTIP.
7.26. “LTIP Target Level” means, in respect of any grant of Performance Shares under the Exelon Long Term Performance Share Award Program
under the LTIP, the number of Performance Shares which a Participant would have been awarded (prior to the Termination Date) for the LTIP
Performance Period corresponding to such grant if the business and personal performance goals related to such grant were achieved at the
100% (target) level as of the end of the LTIP Performance Period.
7.27. “Merger” - see definition of Change in Control.
7.28. “Notice of Termination” means a written notice given by an Executive in accordance with Sections 7.18(d)(i) and 13.10 which sets forth in
reasonable detail the specific facts and circumstances claimed to provide a basis for a Termination of Employment for Good Reason.
7.29. “Performance Shares” - see Section 5.1(c).
7.30. “Person” means 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.
7.31. “Plan Administrator” – See Section 9.
7.32. “Post-Change Period” means the period commencing on a Change Date and ending on the earlier of (a) the Termination Date or (b) the second
anniversary of such Change Date; provided that no duplicate benefits shall be paid with respect to simultaneous or overlapping Post-Change
Periods.
7.33. “Restricted Stock” — see Section 5.1(d).
7.34. “Retiree” means a Participant who, as of his or her Termination Date, is eligible for “retirement” as defined in the LTIP.
7.35. “Salary Continuation Period” means the applicable period designated in Section 4.1 during which severance is payable.
7.36. “SEC” means the United States Securities and Exchange Commission.
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Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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