ComEd 2006 Annual Report Download - page 414

ARTICLE 6
MISCELLANEOUS
Section 6.1. Non-Assignability. It is a condition of the Plan, and all rights of each Participant and any other person entitled
to benefits hereunder shall be subject thereto, that no right or interest of any Participant or such other person in the Plan shall be
assignable or transferable in whole or in part, either directly or by operation of law or otherwise, including, but not by way of
limitation, execution, levy, garnishment, attachment, pledge or bankruptcy, but excluding rights or interests arising by reason of death
or mental incompetency, and no right or interest of any Participant or other person in the Plan shall be liable for, or subject to, any
obligation or liability of such Participant or other person, including claims for alimony or the support of any spouse or child.
Section 6.2. Company as Agent for Employers. Each Employer agrees that the Company shall act as such Employer’s
agent in respect of the Plan to exercise on its behalf all of the powers and authorities hereby conferred upon the Company by the
terms of the Plan, including, but not by way of limitation, the power to amend and terminate the Plan.
Section 6.3. Employment Non-Contractual. The Plan shall not be interpreted as conferring any right upon any Employee to
continue in employment.
Section 6.4. Unfunded Benefits. Nothing in this Plan shall be interpreted as requiring any Employer to set aside any of its
assets for the purpose of funding its obligation under this Plan. No person entitled to benefits under this Plan shall have any right, title
or claim in or to any specific assets of any Employer, but shall have the right only as a general creditor of his Employer to receive
benefits from his Employer on the terms and conditions herein provided. Notwithstanding the foregoing, the Company may, in order
to provide funds to the Company to satisfy its obligations hereunder, purchase a policy insuring the life of each Participant pursuant to
which the Company is the beneficiary of proceeds thereunder. Except as provided in Section 4.4 (relating to distribution of Policy),
no Participant or Beneficiary shall have any rights whatsoever with respect to any such Policies.
Section 6.5. Governing Law. This Plan shall be construed and enforced under the laws of the State of Illinois.
Section 6.6. Gender and Plurals. Wherever used in the plan, words of the masculine gender shall include both the
masculine or feminine gender, and, unless the context otherwise requires, words in the singular shall include the plural, and words in
the plural shall include the singular.
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