Exelon Corporation Non-Transferable Stock Option Award Agreement under Long-Term Incentive Plan (2002)

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Summary

This agreement grants an employee of Exelon Corporation the right to purchase a specified number of company shares at a set price, as part of the company's Long-Term Incentive Plan. The options vest over three years, provided the employee remains with the company, and must be exercised by January 27, 2012. The agreement is subject to the terms of the incentive plan and any additional conditions set by the Compensation Committee.

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EX-10.6.3 12 c68219ex10-6_3.txt FORMS OF NON-TRANSFERABLE STOCK OPTION AWARD AGMT EXHIBIT 10-6-3 STOCK OPTION UNDER THE EXELON CORPORATION LONG-TERM INCENTIVE PLAN (as amended and restated effective January 28, 2002) GRANT INSTRUMENT Pursuant to Section 5 of the Exelon Corporation Long-Term Incentive Plan, as amended and restated effective January 28, 2002 (the "Plan"), the Compensation Committee of the Board of Directors has granted an option (the "Option") to purchase the number of shares of common stock, without par value, of Exelon Corporation ("Common Stock") as set forth below, subject to the terms and conditions listed below, and such other terms and conditions contained in the Plan. Optionee: Option Number : Number of Shares Subject to Option: Grant Date: January 28, 2002 Expiration Date: 11:59 p.m. (CST) on January 27, 2012 Exercise Price (per share): $46.92 When Exercisable: Except as otherwise provided in Section 5(e) of the Plan and subject to the other terms and conditions of the Plan, this Option shall become exercisable on or after the dates set forth below (if the Grantee is employed by the Company on such dates) with respect to the indicated number of shares of Common Stock originally subject to this Option:
NUMBER OF SHARES FOR WHICH OPTION Vesting Date(s): IS EXERCISABLE ---------------- -------------- January 28, 2003 January 28, 2004 January 28, 2005
This Option is at all times subject to the terms and conditions set forth in the Plan and as may be specified by the Compensation Committee of the Board of Directors from time to time.