Document:

EXHIBIT 10.33

 Exhibit 10.33 
 Pepco Holdings, Inc. 
 Executive and Director Deferred Compensation Plan 

2012 Plan Year Salary Election Form – Executive 
 Please complete and sign this form and send it to the attention of Ned Dove – Rm. 4025 at Edison Place. 
 Personal Information 
  

					
	  
	 	  
	 	  

	Last	 	First	 	Middle

  

					
	  
	 		 	  

	Social Security Number	 		 	E-mail Address

 I elect to participate in the Pepco Holdings, Inc. Executive and Director Deferred Compensation Plan (the”
Plan”) with respect to the time period January 1, 2012 to December 31, 2012. I understand the general provisions of the Plan. I further understand that with respect to the deferral election I have made herein, notwithstanding the
terms of the Plan, the following shall apply: 
  

	1.	I can only receive the deferrals elected herein in accordance with my election below or, in the case of death or an unforeseen financial emergency; and

  

	2.	I further understand that if I meet the definition of “Specified Employee” under the applicable provisions of the Internal Revenue Code, notwithstanding my
election herein, the earliest I can receive my compensation deferred herein that is payable upon a separation from service is six (6) months after my separation from service; and 

 

	3.	I cannot change the time or form of my deferral made herein unless 

  

	 	a.	such revised election is not effective for 12 months after it is made; 

  

	 	b.	such revised election if made for a distribution at a specified time is made at least 12 months prior to the first scheduled payment; and 

 

	 	c.	an election to delay a distribution must be for a period of at least five years. 

 Deferral Election* – Base Salary 
 Please select all that apply. 

 

			
		
	  ̈       Defer Evenly Throughout the Year (no
matching credits)
	  	 I hereby elect to defer           % of my Base Salary paid each pay period
in 2012.
  
 I understand that none of my deferrals under this deferral option
will be credited with matching contributions.

		
	  ̈       Defer to Obtain Missed Matching
Contributions in 401(k) Plan
	  	 I hereby elect to defer 6% of my Base Salary to the extent (if any) that my Base Salary exceeds $250,000. My deferrals under this
option will be matched with credits in my Plan account based on the matching contribution formula in the 401(k) plan in which I participate.
  

I understand that this deferral option is intended to provide an amount of deferrals necessary to obtain matching contributions that the Internal Revenue
Code prevents from being made under the 401(k) plan. However, my deferrals under this deferral option will be made without regard to any election I actually make (or do not make) under the
 401(k) Plan.

		
	  ̈       Non-Participation
	  	I elect not to defer any portion of my Base Salary in the 2012 Plan Year.

  

			
	 Page 1 of 3
	 	 Form continued on next page
 PHI-12/11-B

 Pepco Holdings, Inc. Executive and Director Deferred Compensation Plan 

2012 Plan Year Salary Election Form – Executive 
 Benefit Payout Election 
 I elect to have the above-referenced deferred amounts paid to me
(check one): 
  ̈ (i) on the first day of the month following my separation from
service. 
  ̈ (ii) on January 31 of the calendar year following my separation from
service. 
  ̈ (iii) on January 31 of the calendar year following the later of my
attainment of age              or separation from service. 
  ̈ (iv) on January 31 of              (Note: The designated year may not be earlier than 2015). 

Manner of Payment 
 Benefits deferred
under the Plan shall be paid to me (or, if applicable, my beneficiary) in the following manner (check one). Note that recent changes to the tax law may require that payments to an executive who is a “Key Employee” be delayed for a
period of six (6) months following the executive’s termination of employment: 
  ̈ a
lump sum. 
  ̈ annual installments over
            (2-15) years. 

 ̈ monthly installments over
            (24-180) months. 
 I further recognize that nothing
contained herein or in the Plan shall be construed as a contract of employment between me and Pepco Holdings, Inc., as a right to continue employment or as a limitation of Pepco Holdings, lnc.’s right of discharge. In addition, Pepco Holdings,
Inc. and its subsidiaries reserve the right to amend or terminate its employee benefit plans, including this Plan, at any time, subject to the terms of those plans. 
 I understand that if I die during active service, my beneficiary shall receive an amount equal to two times my account balance resulting from deferrals under this agreement. 

*You may subsequently elect to change your distribution election for the retirement benefit; provided, however, that any such election will be subject
to the fallowing requirements: (i) the change shall not take effect until at least 12 months after the date on which the election is made; (ii) the new benefit distribution date for the retirement benefit shall be five years after the
benefit distribution date that otherwise would have been applicable to such benefit; and (iii) the election must be made at least 12 months prior to the benefit distribution date that otherwise would have been applicable to the retirement
benefit. Please note that if the Committee determines such election to be inconsistent with applicable tax law, the election will not be effective. 

  

			
	 Page 2 of 3
	 	 Form continued on next page
 PHI-12/11-B

 Pepco Holdings, Inc. Executive and Director Deferred Compensation Plan 

2012 Plan Year Salary Election Form – Executive 
 Asset Allocation Election 
 I elect to allocate my new deferrals to the following
Measurement Funds (percentage total must equal 100%): 
  

					
		
	 Prudential Conservative Balanced
	  	 	%	  
		
	 Prudential Flexible Managed
	  	 	%	  
		
	 Prudential Money Market
	  	 	%	  
		
	 Prudential Government Income
	  	 	%	  
		
	 Prudential Diversified Bond
	  	 	%	  
		
	 Prudential High Yield Bond
	  	 	%	  
		
	 American Century VP Value
	  	 	%	  
		
	 Prudential Value
	  	 	%	  
		
	 Prudential Stock Index
	  	 	%	  
		
	 Prudential Equity
	  	 	%	  
		
	 Prudential Jennison
	  	 	%	  
		
	 Janus Aspen Janus Portfolio
	  	 	%	  
		
	 MFS Emerging Growth
	  	 	%	  
		
	 Prudential Small Capitalization Stock
	  	 	%	  
		
	 Prudential Global
	  	 	%	  
		
	 T. Rowe Price International Stock
	  	 	%	  
		
	 Prudential Natural Resources
	  	 	%	  
		
	 Prime Rate Fund
	  	 	%	  
		  	  
	  
	 
		
	 Total
	  	 	100	% 
		  	  
	  
	 

 Please note that these elections affect future deferrals only. To change your current allocations, please log onto
your account at plandestination.com. 
 Acknowledged & Accepted (Please Sign Below) 

 

					
	Signature of Participant	 		  	Date
			
		 		  	
	Signature of Committee Member	 		  	Date

  

			
		 	
	 Page 3 of 3
	 	PHI-12/11-B

 Pepco Holdings, Inc. 
 Executive and Director Deferred Compensation Plan 
 Salary Beneficiary Designation – Executive

 Please complete and sign this form and send it to the attention of Ned Dove – Rm. 4025 at Edison Place. 

Personal Information 
  

													
	 	 		  	 	 		  	 	 		  	 
	Last	 		  	First	 		  	Middle	 		  	Social Security Number

 I hereby designate the following Beneficiary(ies) to receive any benefit payable under the Plan by reason of my death, as
provided in the Plan document. 
 Primary Beneficiary(ies) (Whole percentages only and must total 100%) 

 

			
	 	 
	 	  	 
	Beneficiary Name	  	Percentage
	 	 
	 	  	 
	Relationship to Participant	  	Social Security Number
	 	 
	 	  	 
	Beneficiary Name	  	Percentage
	 	 
	 	  	 
	Relationship to Participant	  	Social Security Number
	 	 
	 	  	 

  

			
	 	 
	 	  	 
	Beneficiary Name	  	Percentage
	 	 
	 	  	 
	Relationship to Participant	  	Social Security Number
	 	 
	 	  	 

 Contingent Beneficiary(ies) (Whole percentages only and must total 100%) 

 

			
	 	 
	 	  	 
	Beneficiary Name	  	Percentage
	 	 
	 	  	 
	Relationship to Participant	  	Social Security Number
	 	 
	 	  	 
	Beneficiary Name	  	Percentage
	 	 
	 	  	 
	Relationship to Participant	  	Social Security Number
	 	 
	 	  	 

  

			
		 	 Form continued on next page

	 Page 1 of 2
	 	PHI-12/11-C

 Pepco Holdings, Inc. Executive and Director Deferred Compensation Plan 

Salary Beneficiary Designation – Executive 

Spousal Consent 

I,                     , am the spouse of
                     . I acknowledge that my spouse has named someone other than me as a Primary Beneficiary of the survivor benefit under the
Pepco Holdings, Inc. Executive and Director Deferred Compensation Plan, and I hereby approve of that designation. I agree that the designation shall be binding upon me with the same effect as if I had personally executed said designation.

  

					
			
	  	 		 	  
	Signature of Spouse	 		 	Date

  

	 ̈	Check the box if you are not married and thus the “Spousal Consent” does not apply. 

 Please Sign Below 
 This Beneficiary Designation Form is effective until the participant
files another such designation. 
  

					
			
	  	 		 	  
	Signature of Participant	 		 	Date

  

			
		 	Form continued on next page
	 Page 5 of 3
	 	PHI-12/11-D

 Pepco Holdings, Inc. 
 Executive and Director Deferred Compensation Plan 
 2012 Plan Year Incentive Compensation Election
Form – Executive 
 Please complete and sign this form and send it to the attention of Ned Dove – Rm. 4025 at Edison Place.

 Personal Information – the “Participant” 

 

									
					
	 	 		  	 	 		  	 
	Last	 		  	First	 		  	Middle

  

					
			
	 	 		  	 
	Social Security Number	 		  	E-mail Address

 This agreement is made by and between (the “Participant”) and Pepco Holdings, Inc. (the “Company”).

 The parties agree to and acknowledge the following: 
 The Participant has been designated as a Participant on the Pepco Holdings, Inc.’s Executive Incentive Compensation Plan for the 2012 Plan Year, has received a copy of the Plan and is familiar with
the terms and conditions of the Plan, all of which are hereby incorporated into this agreement. 
 Deferral Election – Incentive
Compensation 
 In the event that an incentive award becomes payable to the Participant for the 2012 Plan Year, the Participant hereby
irrevocably elects: 
  ̈ that
            % of the award is paid in a lump sum upon determination of the award. 
  ̈ that             % of the award is deferred. 

  

			
		 	Form continued on next page
	 Page 6 of 3
	 	PHI-12/11-D

 Pepco Holdings, Inc. Executive and Director Deferred Compensation Plan 

2012 Plan Year Incentive Compensation Election Form – Executive 
 Benefit Payout Election 
 I elect to have the above-referenced deferred amounts paid to me
(check one): 
  ̈ (i) on the first day of the month following my separation from
service. 
  ̈ (ii) on January 31 of the calendar year following my separation from
service. 
  ̈ (iii) on January 31 of the calendar year following the later of my
attainment of age                     or separation from service. 
  ̈ (iv) on January 31 of
                     (Note: The designated year may not be earlier than 2015). 

Manner of Payment 
 Benefits deferred
under the Plan shall be paid to me (or, if applicable, my beneficiary) in the following manner (check one). Note that recent changes to the tax law may require that payments to an executive who is a “Key Employee” be delayed for a
period of six (6) months following the executive’s termination of employment: 
  ̈ a
lump sum. 
  ̈ annual installments over
             (2-15) years. 

 ̈ monthly installments over
             (24-180) months. 
 I further recognize that nothing
contained herein or in the Plan shall be construed as a contract of employment between me and Pepco Holdings, Inc., as a right to continue employment or as a limitation of Pepco Holdings, Inc.’s right of discharge. 

I understand that if I die during active service, my beneficiary shall receive an amount equal to two times my account balance resulting from deferrals
under this agreement. 
 *You may subsequently elect to change your distribution election for the retirement benefit; provided, however, that
any such election will be subject to the following requirements: (i) the change shall not take effect until at least 12 months after the date on which the election is made; (ii) the new benefit distribution date for the retirement benefit
shall be five years after the benefit distribution date that otherwise would have been applicable to such benefit; and (iii) the election must be made at least 12 months prior to the benefit distribution date that otherwise would have been
applicable to the retirement benefit. Please note that if the Committee determines such election to be inconsistent with applicable tax law, the election will not be effective. 

  

			
		 	Form continued on next page
	 Page 7 of 3
	 	PHI-12/11-D

 Pepco Holdings, Inc. Executive and Director Deferred Compensation Plan 

2012 Plan Year Incentive Compensation Election Form – Executive 
 Asset Allocation Election 
 I elect to allocate my new deferrals to the following
Measurement Funds (percentage total must equal 100%): 
  

					
		
	 Prudential Conservative Balanced
	  	 	  	% 
		
	 Prudential Flexible Managed
	  	 	  	% 
		
	 Prudential Money Market
	  	 	  	% 
		
	 Prudential Government Income
	  	 	  	% 
		
	 Prudential Diversified Bond
	  	 	  	% 
		
	 Prudential High Yield Bond
	  	 	  	% 
		
	 American Century VP Value
	  	 	  	% 
		
	 Prudential Value
	  	 	  	% 
		
	 Prudential Stock Index
	  	 	  	% 
		
	 Prudential Equity
	  	 	  	% 
		
	 Prudential Jennison
	  	 	  	% 
		
	 Janus Aspen Janus Portfolio
	  	 	  	% 
		
	 MFS Emerging Growth
	  	 	  	% 
		
	 Prudential Small Capitalization Stock
	  	 	  	% 
		
	 Prudential Global
	  	 	  	% 
		
	 T. Rowe Price International Stock
	  	 	  	% 
		
	 Prudential Natural Resources
	  	 	  	% 
		
	 Prime Rate Fund
	  	 	  	% 
		  	  
	  
	 
	 Total
	  	 	100	% 
		  	  
	  
	 

 Please note that these elections affect future deferrals only. To change your current allocations, please log onto
your account at plandestination.com. 
 Acknowledged & Accepted (Please Sign Below) 

 

					
			
	  	 		  	  
	Signature of Participant	 		  	Date
			
	  	 		  	  
	Signature of Committee Member	 		  	Date

  

			
	 Page 3 of 3
	 	PHI-12/11-D

 Pepco Holdings, Inc. 
 Executive and Director Deferred Compensation Plan 
 Incentive Compensation Beneficiary Designation
– Executive 
 Please complete and sign this form and send it to the attention of Ned Dove – Rm. 4025 at Edison Place. 

Personal Information 
  

													
	 	 		  	 	 		  	 	 		  	 
	Last	 		  	First	 		  	Middle	 		  	Social Security Number

 I hereby designate the following Beneficiary(ies) to receive any benefit payable under the Plan by reason of my death, as
provided in the Plan document. 
 Primary Beneficiary(ies) (Whole percentages only and must total 100%) 

 

			
	 	 
	 	  	 
	Beneficiary Name	  	Percentage
	 	 
	 	  	 
	Relationship to Participant	  	Social Security Number
	 	 
	 	  	 
	Beneficiary Name	  	Percentage
	 	 
	 	  	 
	Relationship to Participant	  	Social Security Number
	 	 
	 	  	 

  

			
	 	 
	 	  	 
	Beneficiary Name	  	Percentage
	 	 
	 	  	 
	Relationship to Participant	  	Social Security Number
	 	 
	 	  	 

 Contingent Beneficiary(ies) (Whole percentages only and must total 100%) 

 

			
	 	 
	 	  	 
	Beneficiary Name	  	Percentage
	 	 
	 	  	 
	Relationship to Participant	  	Social Security Number
	 	 
	 	  	 
	Beneficiary Name	  	Percentage
	 	 
	 	  	 
	Relationship to Participant	  	Social Security Number
	 	 
	 	  	 

  

			
		 	Form continued on next page
	 Page 1 of 2
	 	PHI-12/11-E

 Pepco Holdings, Inc. Executive and Director Deferred Compensation Plan 

Incentive Compensation Beneficiary Designation – Executive 
 Spousal Consent 
 I,
                         , am the spouse of
                        . I acknowledge that my spouse has named someone other than me as a Primary Beneficiary of the
survivor benefit under the Pepco Holdings, Inc. Executive and Director Deferred Compensation Plan, and I hereby approve of that designation. I agree that the designation shall be binding upon me with the same effect as if I had personally executed
said designation. 
  

					
			
	  	 		 	  
	Signature of Spouse	 		 	Date

  ̈ Check the box if you are not married and thus the “Spousal
Consent” does not apply. 
 Please Sign Below 
 This Beneficiary Designation Form is effective until the participant files another such designation. 
  

					
			
	  	 		 	  
	Signature of Participant	 		 	Date

  

			
		 	
	 Page 2 of 2
	 	PHI-12/11-CEXHIBIT 10.34

 Exhibit 10.34 

PEPCO HOLDINGS, INC. 
 RESTRICTED STOCK UNIT AGREEMENT 
 (Time-Vested) 

THIS RESTRICTED STOCK UNIT AGREEMENT (this “Agreement”) is made this
            day of             , 2011 (the “Date of Grant”), by and between Pepco Holdings, Inc. (the
“Company”), and             , an employee of the Company (the “Participant”). 
 WHEREAS, the Company has adopted the Pepco Holdings, Inc. Long-Term Incentive Plan (the “Plan”). 
 WHEREAS, on January 27, 2011, the Committee approved the material terms and conditions of a grant to the Participant of a Service-Based Award of Restricted Stock Units under the Plan (the
“RSU Award”). 
 WHEREAS, the Company desires to enter into a formal agreement with the Participant related to
the grant to the Participant of the RSU Award on the terms and conditions approved by the Committee and as hereinafter set forth. 
 NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth and for other good and valuable consideration, the Company and Participant agree as follows: 

1. Restricted Stock Unit Award. The Company hereby grants to the Participant the RSU Award consisting of
            Restricted Stock Units. The Restricted Stock Units are notional units of measurement denominated in shares of Stock (i.e., one Restricted Stock Unit is equivalent in
value to one share of Stock, subject to the terms hereof). The Restricted Stock Units represent an unfunded, unsecured contractual right. 
 2. Vesting. This RSU Award shall vest, as follows: 
 (a) On
the third anniversary of the Date of Grant (the “Vesting Date”), this RSU Award shall vest, provided that the Participant must remain continuously employed by the Company or a Subsidiary beginning on the Date of Grant and ending on the
Vesting Date. Except as otherwise provided by Section 2(b), 2(c) or 3 hereof, if this continuous employment requirement is not satisfied, the RSU Award shall be immediately forfeited. The three-year vesting period described to in this
Section 2(a) shall be referred to herein as the “Restriction Period.” 
 (b) Upon the Retirement,
Disability or death of the Participant, or upon the Early Retirement of the Participant at the Company’s request, in each case, during the Restriction Period and prior to any termination of Participant’s employment with the Company or any
Subsidiary, a portion of the RSU Award shall vest, which portion shall equal the number of Restricted Stock Units covered by this Agreement multiplied by a fraction, the numerator of which shall be the number of days in the Restriction Period during
which the Participant was continuously employed by the Company or a Subsidiary, and the denominator of which shall be the total number of days in the Restriction Period. The remaining portion of this RSU Award shall immediately be forfeited.

 (c) Upon the Early Retirement of the Participant at the Participant’s
request, the RSU Award shall immediately be forfeited, unless otherwise provided by the Committee in writing prior thereto. 
 Any Restricted
Stock Units associated with this RSU Award as to which the vesting requirement of this Section 2 has been satisfied shall be payable in accordance with Section 5 hereof. 

3. Accelerated Vesting. Notwithstanding the foregoing, if the Participant is terminated by the Company or a Subsidiary as an
employee or if the Participant terminates such employment for Good Reason, in each case within 12 months following a Change in Control, a portion of the Restricted Stock Units represented hereby shall vest and be payable in accordance with
Section 5 hereof, which portion shall equal such number of Restricted Stock Units multiplied by a fraction, the numerator of which shall be the number of months in the Restriction Period that have elapsed as of the date of termination of
employment, and the denominator of which shall be the total number of months in the Restriction Period. 
 4. Dividend
Equivalents. Dividend Equivalents under the Plan have been granted in conjunction with this RSU Award, such that any dividend paid in cash on shares of Stock will be credited to the Participant as Dividend Equivalents as if the Restricted Stock
Units represented hereby were outstanding shares of Stock. Such credit shall be made in the form of additional whole and/or fractional Restricted Stock Units, based on the Fair Market Value of the Stock on the trading day immediately prior to the
date of payment of any such dividend. All such additional Restricted Stock Units shall be subject to the same vesting and forfeiture provisions applicable to the Restricted Stock Units in respect of which they were credited and shall be awarded in
accordance with Section 5 hereof. 
 5. Payment of Award. Payment of vested Restricted Stock Units (which
shall include Restricted Stock Units paid pursuant to Dividend Equivalents described in Section 4) shall be made within thirty (30) days following the earlier of (i) the Vesting Date, (ii) the vesting of this RSU Award in whole
or in part pursuant to Section 2(b) or Section 3 hereof, or (iii) any determination by the Committee pursuant to Section 2(c) hereof to vest all or a portion of this RSU Award, but subject in each case, as applicable, to any
delay that may be required under Section 16 hereof. The vested Restricted Stock Units shall be paid in the form of one share of Stock for each Restricted Stock Unit, minus deductions for applicable minimum statutory withholding taxes as set
forth in Section 11 of this Agreement. 
 6. Nontransferability of Award. Neither this RSU Award nor any
Restricted Stock Units covered hereby (including any Dividend Equivalents described in Section 4) may be assigned or alienated, and shall not be subject to attachment or other legal process except (i) to the extent specifically mandated
and directed by applicable state or Federal statute; (ii) to the Company as a result of the forfeiture thereof pursuant to this Agreement; or (iii) as provided in Section 11 this Agreement with respect to withholding of applicable
taxes. Any attempted disposition of this RSU Award or the Restricted Stock Units (or any interest herein) in violation of this Section 6 shall be null and void. 
 7. Terms and Conditions. The terms and conditions included in the Plan are incorporated herein by reference, and to the extent that any conflict or ambiguity may exist between the terms and
conditions included in this Agreement and the terms and conditions 

  
 -2-

 
included in the Plan, the terms and conditions included in the Plan shall control. By execution of this Agreement, the Participant acknowledges receipt of a copy of the Plan and further agrees to
be bound thereby and by the actions of the Committee and/or the Board pursuant to the Plan. 
 8. No Rights as a
Stockholder. The Restricted Stock Units granted pursuant to this RSU Award, whether or not vested, will not confer any voting rights or any other rights of a stockholder of the Company upon the Participant, unless and until such Restricted Stock
Units have vested and shares of Stock underlying such Restricted Stock Units have been issued and delivered to the Participant. The Company shall not be required to issue or transfer any certificates representing shares of Stock upon vesting of the
RSU Award until all applicable requirements of any law, rule or regulation have been compiled with, and such required approvals of any government agency have been obtained. Further, no issue or transfer of such certificates shall occur until such
shares of Stock have been duly listed on any securities exchange on which the Stock may then be listed. 
 9. Stock Issuable
Upon Vesting. Upon vesting of the RSU Award and payment of any Stock pursuant to Section 5 hereof, the Participant shall be provided with the certificate or certificate numbers evidencing ownership of the shares of such Stock, subject to
the implementation of an arrangement with the Participant to effectuate all necessary tax withholding. Such certificate or certificates may, however, reflect the fact that the shares represented thereby have not been registered under the Securities
Act of 1933, as amended (the “Securities Act”), and may not be sold or transferred unless such shares are registered in the future or unless the Participant meets an exemption from registration under the Securities Act. The Company shall
follow all requisite procedures to deliver such certificates to the Participant; provided, however, that such delivery may be postponed to enable the Company to comply with any applicable procedures, regulations or listing requirements of any
government agency, stock exchange, transfer agent or regulatory agency. 
 10. No Employment Right; Tenure. This
Agreement shall not constitute a contract of employment between the Company or any Subsidiary and the Participant. The Participant’s right, if any, to serve the Company as a director, officer, employee or otherwise shall not be enlarged or
otherwise affected by this Agreement or his or her designation as a Participant under the Plan. 
 11. Tax Withholding.
The Participant acknowledges this RSU Award may give rise to a tax liability and a withholding obligation associated therewith, and that no shares of Stock shall be issuable to the Participant hereunder until such withholding obligation is satisfied
in full. In accordance with Section 16.C. of the Plan, the Company or a Subsidiary may withhold up to, but no more than, the minimum applicable statutory federal, state and/or local taxes (collectively, “Tax Withholding Requirements”)
at such time and upon such terms and conditions as required by law or determined by the Company or a Subsidiary. Subject to compliance with any requirements of applicable law, a Participant shall have all or any portion of any Tax Withholding
Requirements that may be payable in respect to a distribution of Stock under this Agreement satisfied when due through the payment by the Participant of cash to the Company or a Subsidiary, funded by the disposition on the Participant’s behalf
or for the Participant’s account of shares of Stock which would otherwise be delivered to the Participant having an aggregate Fair Market Value equal to the aggregate amount of such Tax Withholding Requirements. 

  
 -3-

 12. Securities Law Compliance. The Company currently has an effective registration
statement on file with the Securities and Exchange Commission with respect to the shares of Stock subject to the RSU Award. The Company intends to maintain the effectiveness of this registration statement but has no obligation to the Participant to
do so. If the registration statement ceases to be effective, the Participant will not be able to transfer or sell shares of Common Stock, which were issued to the Participant pursuant to the RSU Award at a time that such registration statement was
not effective, unless exemptions from registration under applicable securities laws are available. Such exemptions from registration are very limited and might not be available. The Participant agrees that any resale of shares of Stock issued
pursuant to the RSU Award shall comply in all respects with the requirements of all applicable securities laws, rules and regulations (including, without limitation, the provisions of the Securities Act and the Securities Exchange Act of 1934, and
the respective rules and regulations promulgated thereunder) and any other law, rule or regulation applicable thereto, as such laws, rules, and regulations may be amended from time to time. The Company shall not be obligated to either issue shares
of Stock or permit the resale of any such shares if such issuance or resale would violate any such requirements. 
 13. Other
Plans and Agreements. Any gain realized by the Participant pursuant to this Agreement shall not be taken into account as compensation in the determination of the Participant’s benefits under any pension, savings, group insurance, or other
benefit plan maintained by the Company or a Subsidiary, except as determined by the board of directors of such company or as expressly provided under the terms of such other plan. The Participant acknowledges that receipt of this Agreement or any
prior agreement under the Plan shall not entitle the Participant to any other benefits under the Plan or any plans maintained by the Company or a Subsidiary. 
 14. Committee Authority. The Committee shall have complete discretion in the exercise of its rights, powers, and duties under this Agreement and the Plan. Any interpretation or construction of any
provision of, and the determination of any question arising under, this Agreement shall be made by the Committee in its sole discretion and shall be final, conclusive, and binding. The Committee may designate any individual or individuals to perform
any of its functions hereunder. 
 15. Changes in Capitalization. The Restricted Stock Units under this RSU Award shall
be subject to the provisions of Section 16.H. of the Plan relating to adjustments for changes to the Company’s capitalization. The RSU Award shall not affect the right of the Company or any Subsidiary to reclassify, recapitalize or
otherwise change its capital or debt structure or to merge, consolidate, convey any or all of its assets, dissolve, liquidate, windup or otherwise reorganize. 
 16. Section 409A. This Agreement shall be interpreted to ensure, to the fullest extent possible, that the payments contemplated hereby comply with Section 409A of the Internal Revenue
Code of 1986, as amended, including the Treasury Regulations promulgated thereunder (“Section 409A”). To the extent that the RSU Award is subject to Section 409A and is payable upon a termination of employment: (a) the RSU Award
shall be payable only upon a separation from service; and (b) if the Participant is a “specified employee” (as determined under Section 409A) at the time of the separation from service, then, notwithstanding anything to the
contrary contained in this Agreement, payment of the RSU Award shall be made on the date that is six months and one day after such separation from service (or, if earlier, on the date of the Participant’s death), to the extent such delay is
required by Section 409A. 

  
 -4-

 17. Governing Law. This Agreement shall be construed and enforced in accordance with
the laws of the State of Delaware, without giving effect to the choice of law principles thereof. 
 18. Binding Effect.
This Agreement shall inure to the benefit of, and be binding on, the Company and its successors and assigns, and the Participant and his or her heirs, administrators, executors, other legal representatives and permitted assigns, whether so expressed
or not. 
 19. No Waiver. No waiver of any provision of this Agreement will be valid unless in writing and signed by the
person against whom such waiver is sought to be enforced, nor will failure to enforce any right under this Agreement constitute a continuing waiver of the same or a waiver of any other right hereunder. 

20. Further Assurances. The Participant hereby agrees to take whatever additional action and execute and deliver all agreements,
instruments and other documents the Company may deem necessary or advisable to carry out or effect any of the obligations or restrictions imposed on the Participant or the RSU Award pursuant to the express provisions of the Agreement and/or the
Plan. 
 21. Definition of Terms. Capitalized terms used herein but not otherwise defined in this Agreement shall have
the meanings ascribed to them under the Plan. 
 22. Entire Agreement. This Agreement and the Plan constitute the entire
understanding and agreement between the parties hereto with regard to the subject matter hereof, and they supersede all other negotiations, understandings and representations (if any) made by and between such parties. 

[signatures appear on the following page] 

  
 -5-

 IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its duly
authorized officers, under its corporate seal, and the Participant has hereunder set his hand and seal, all as of this             day of
            , 20__, effective as of the Date of Grant. 
  

									
	ATTEST:	 		 	PEPCO HOLDINGS, INC.
					
	By:	 	 	 		 	By:	 	 
		 	Jane K. Storero	 		 		 	Joseph M. Rigby
		 	Secretary	 		 		 	President and Chief Executive Officer
				
		 		 		 	 PARTICIPANT:

				
		 		 		 	 
				
		 		 		 	 Printed
Name:                                        
        

  
 -6-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00199-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00199-of-00352.parquet"}]]