Definition of PSEG Merger


PSEG Merger means the transactions contemplated by the agreement and plan of merger between Exelon and PSEG dated as of December 20, 2004, as such agreement may be amended from time to time.

Examples of PSEG Merger in a sentence

Engage in, or permit any of its Subsidiaries (other than any ComEd Entity or, on or after the PSEG Merger Date, Energy Holdings Entity) to engage in, any line of business which is material to Exelon and its Subsidiaries, taken as a whole, other than businesses engaged in by such Borrower and its Subsidiaries as of the date hereof and reasonable extensions thereof.
If a Participants Termination Date occurs prior to the closing of the PSEG Merger, then the adjustment of any payments received by the Participant prior to such closing shall be effected by a lump sum payment to the Participant (without interest) within 60 days after such closing.
Engage in, or permit any Subsidiary (other than any Energy Holdings Entity on or after the PSEG Merger Date) to engage in, any line of business which is material to the Borrower and its Subsidiaries taken as a whole, other than businesses engaged in by the Borrower and its Subsidiaries as of the date hereof and reasonable extensions thereof.
If the Participants Termination Date occurs on or after the Effective Date and prior to the closing of the PSEG Merger, any Stock Options that are not vested and exercisable as of the Termination Date shall, subject to and upon the closing of the PSEG Merger prior to the last day of the Extended Exercise Period, become vested and remain exercisable for the remainder of the Extended Exercise Period.
If the Participants Termination Date occurs on or after the closing of the PSEG Merger, any Stock Options that are not vested and exercisable as of the Termination Date shall become vested and remain exercisable for the Extended Exercise Period.