SEPARATION AGREEMENT By and Between EXELON CORPORATION and CONSTELLATION ENERGY CORPORATION Dated January 31, 2022Separation Agreement • February 2nd, 2022 • Exelon Corp • Electric & other services combined • Delaware
THIS SEPARATION AGREEMENT (this “ Agreement”) is entered into January 31, 2022, by and between Exelon Corporation, a Pennsylvania corporation (“Exelon”), and Constellation Energy Corporation, a Pennsylvania corporation and a direct, wholly-owned subsidiary of Exelon (“Constellation”). Exelon and Constellation are sometimes referred to herein individually as a “Party,” and collectively as the “Parties.” Capitalized terms used but not otherwise defined herein shall have the respective meanings set forth in Section 1.1.
TAX MATTERS AGREEMENTTax Matters Agreement • February 2nd, 2022 • Exelon Corp • Electric & other services combined
THIS TAX MATTERS AGREEMENT is dated January 31, 2022, by and among Exelon Corporation (“Exelon”), a Pennsylvania corporation, by and on behalf of itself and each Affiliate of Exelon (as determined after the Distribution), and Constellation Energy Corporation, a Pennsylvania corporation and, immediately prior to the Distribution (as defined below), a direct, wholly-owned subsidiary of Exelon (“Constellation”), by and on behalf of itself and each Affiliate of Constellation (as determined after the Distribution). Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to such terms in the Separation Agreement, dated January 31, 2022, by and between Exelon and Constellation (the “Separation Agreement”).
TRANSITION SERVICES AGREEMENT By and Between EXELON CORPORATION and CONSTELLATION ENERGY CORPORATION Dated as of January 31, 2022Transition Services Agreement • February 2nd, 2022 • Exelon Corp • Electric & other services combined • Delaware
THIS TRANSITION SERVICES AGREEMENT (as the same may be amended or supplemented from time to time, this “Agreement”) is entered into as of January 31, 2022, by and between Exelon Corporation, a Pennsylvania corporation (“Exelon”), and Constellation Energy Corporation, a Pennsylvania corporation (“Constellation”). Exelon and Constellation are sometimes referred to herein individually as a “Party,” and collectively as the “Parties.” Capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed to such terms in the Separation Agreement.
EMPLOYEE MATTERS AGREEMENTEmployee Matters Agreement • February 2nd, 2022 • Exelon Corp • Electric & other services combined
THIS EMPLOYEE MATTERS AGREEMENT (this “Agreement”) is dated January 31, 2022, by and between EXELON CORPORATION, a Pennsylvania corporation (“Exelon”), and Constellation Energy Corporation, a Pennsylvania corporation and a direct, wholly-owned subsidiary of Exelon (“Constellation”). Exelon and Constellation are sometimes referred to herein individually as a “Party,” and collectively as the “Parties.” Capitalized terms used but not otherwise defined herein shall have the respective meanings set forth in Section 1.1.
