Average Incentive Award or Average Award

Average Incentive Award or Average Award. Means generally the product of the percentage equal to an average of the two highest of the participant's five immediately prior year award percentages earned under Constellation Energy Group's Executive Annual Incentive Plan, Constellation Energy Group's Senior Management Annual Incentive Plan and/or other Incentive Awards Program multiplied by the participant's annualized base rate of pay amount (i.e., the types of such pay that are includable in the computation of Pension Plan benefits) in... effect at the end of the prior year. View More

Average Incentive Award or Average Award. Means the average of the two highest of the participant's five immediately prior year awards earned under Constellation Energy Group's Executive Annual Incentive Plan, 1 Constellation Energy Group's Senior Management Annual Incentive Plan and/or Other Incentive Awards Programs.