Exhibit 10-1
SEPARATION AGREEMENT
THIS SEPARATION AGREEMENT (this "Agreement") is entered into as of April 23, 2002 between Exelon
Corporation, a Pennsylvania corporation (the "Company"), and Corbin A. McNeill, Jr. (the "Executive").
W I T N E S S E T H:
WHEREAS, Executive currently serves as Chairman and Co-Chief Executive Officer of the Company and as a
member of its Board of Directors; and
WHEREAS, the Company and Executive desire to set forth herein their mutual agreement with respect to all
matters relating to Executive's retirement, resignation and separation from the Company and its affiliates;
NOW, THEREFORE, in consideration of the mutual promises and agreements contained herein, the adequacy
and sufficiency of which are hereby acknowledged, the Company and Executive agree as follows:
1. Retirement; Resignation; Termination of Employment. Executive hereby resigns, effective as of April 23, 2002,
as Chairman and Co-Chief Executive Officer and as a member of the Board of Directors of the Company, as
Chairman and President of Exelon Generation Company, LLC ("Genco"), from all other positions (if any) with
the Company and from all other directorships and positions (if any) with Genco and the Company's other
subsidiaries and affiliates. Executive shall continue to be employed by the Company until (and including) April 23,
2002 (the "Employment Termination Date"), at which time Executive shall cease to be an employee of, or have
any other position with, the Company, its subsidiaries or their affiliates.
2. Payment of Accrued Amounts. The Company shall pay to Executive not later than three days after the
Employment Termination Date the following amounts:
(a) $8,576.92, which the Company represents and warrants equals the portion of his annual salary that has
accrued but is unpaid as of the Employment Termination Date; and
(b) $1,500,300, which the Company represents and warrants equals the greatest of (i) the annual incentive award
paid to Executive for 2001, (ii) the average of