CONSOLIDATED EDISON COMPANY OF NEW YORK, INC.
THE CON EDISON SEVERANCE PAY PLAN
FOR MANAGEMENT EMPLOYEES
1. Purpose; Effective Date
A. The Con Edison Severance Pay Plan for Management Employees ( the "Severance Pay Plan") is designed to
provide specified post-employment payments to eligible management employees of Consolidated Edison
Company of New York, Inc. (the "Company").
B. This Severance Pay Plan is effective as of June 1, 1997 and replaces and supersedes any other management
severance or separation pay plan or program currently in effect in the Company.
2. Type of Plan
The Severance Pay Plan is classified as a welfare plan under the provisions of the Employee Retirement Income
Security Act of 1974, as amended ("ERISA"). It is intended to be a severance pay plan as defined in Federal
Regulations 29 CFR 2510.3-2(b) for eligible management employees of the Company.
A "Participant" means a regular non-bargaining unit employee working as a full time employee or a part time
employee, whose regularly scheduled hours of annual service are 1,000 hours or more in a 12-month period, of
the Company who is on the active payroll or who is on a leave of absence with a right to reemployment.
Participant shall exclude officers of the Company, temporary workers (agency or independent), independent
contractors, cooperative or student employees, employees with an agreement providing for severance benefits, or
employees covered by a collective bargaining agreement that does not provide for participation in the Severance
Pay Plan. For purposes of the Severance Pay Plan the Company in its sole discretion shall determine who is a
In order to be eligible to receive benefits under the Severance Pay Plan a Participant must be involuntarily
separated from service with the Company because of a reduction in staffing levels or any other reasons which the
Company in the exercise of its business judgment may deem appropriate.