The Exelon Corporations Stock Deferral Plan, as amended and restated effective
January 1, 2005
(the
“Plan”), is hereby amended in the following respect:
(b) Each Participant may elect to receive a distribution of such
Participant’s Deferred Stock Account attributable to Plan Years
prior to
January 1, 2007 in a lump sum payment of Exelon Stock in
the third quarter of 2007, by submitting such election on or before
December 31, 2006 in accordance with procedures prescribed by the
Plan Administrator, provided that such election shall be null and
void if such Participant’s distribution under the Plan otherwise
would be made or commence prior to
January 1, 2007. A Participant
who files such a lump sum election, whose position is Executive Vice
President or above and who has achieved two times his or her stock
ownership requirement may elect to receive such distribution in the
form of Exelon Stock, in cash, or one quarter in Exelon Stock and
three quarters in cash.
