Exelon 2015 Annual Report Download - page 550

(j) “First Tranche” shall mean one-third of the Performance Share Units granted under a Transition Award.
(k) “Grant Date” shall mean the date on which an Award is granted, as set forth in the applicable Award Notice.
(l) “Option” shall mean a nonqualified option to purchase shares of Common Stock upon and subject to the satisfaction of the vesting conditions
set forth in Section 5 of this Program.
(m) “Participant” shall mean the recipient of an Award granted under this Program.
(n) “Performance Cycle” shall mean (A) for Performance Share Unit Awards granted prior to January 1, 2013, the one-year period beginning on
January 1 of the year in which the Award is granted (and any applicable look-back period), (B) for the Transition Awards, the two-year period
beginning on January 1, 2013 and (C) for Performance Share Unit Awards granted on or after January 1, 2013 (other than Transition Awards) and
Performance Cash Awards granted on or after January 1, 2014, the three-year period beginning on January 1of the year in which the Performance Share
Unit Award is granted.
(o) “Performance Cash Unit” shall mean a right granted to a Participant employed in a Utility Company to receive an amount of cash subject to
the achievement of the applicable performance goals and the satisfaction of the vesting conditions set forth in Section 3 of this Program.
(p) “Performance Share Unit” shall mean a right to receive shares of Common Stock or a cash equivalent (as applicable) subject to the
achievement of the applicable performance goals and the satisfaction of the vesting conditions set forth in Section 3 of this Program.
(q) “Restricted Stock Unit” shall mean a right to receive shares of Common Stock upon and subject to the satisfaction of the vesting conditions
set forth in Section 4 of this Program.
(r) “Restrictive Covenants” shall mean any noncompetition, nonsolicitation, confidentiality, intellectual property or other restrictive covenants
to which a Participant is subject, required as a condition to receipt of an Award, or which is contained in any other agreement between the Participant
and the Company or any of its affiliates.
(s) “Retirement” shall mean a Participant’s termination of employment (other than a termination upon death, disability or involuntary
termination for cause) on or after the date as of which the Participant has attained age 50 (age 55 with respect to Awards granted on or after January 1,
2013) and completed at least ten years of service with the Company and the Subsidiaries. For purposes of this definition, the holder’s age and service
shall be determined taking into account any deemed age or service awarded to the holder for benefit accrual purposes under any nonqualified defined
benefit retirement plan of the Company in which the holder is a participant.
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Source: BALTIMORE GAS & ELECTRIC CO, 10-K, February 10, 2016 Powered by Morningstar® Document Research℠
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