Comcast 2009 Annual Report Download - page 100

(n) “ Fair Market Value .” If Shares are listed on a stock exchange, Fair Market Value shall be determined based on the last reported sale
price of a Share on the principal exchange on which Shares are listed on the date of determination, or if such date is not a trading day, the next
trading date. If Shares are not so listed, but trades of Shares are reported on the Nasdaq National Market, Fair Market Value shall be determined
based on the last quoted sale price of a Share on the Nasdaq National Market on the date of determination, or if such date is not a trading day, the
next trading date. If Shares are not so listed nor trades of Shares so reported, Fair Market Value shall be determined by the Board or the
Committee in good faith.
(o) “ Family Member ” has the meaning given to such term in General Instructions A.1(a)(5) to Form S-
8 under the Securities Act of 1933,
as amended, and any successor thereto.
(p) “ Incentive Stock Option ” means an Option granted under the Plan, designated by the Committee at the time of such grant as an
Incentive Stock Option within the meaning of section 422 of the Code and containing the terms specified herein for Incentive Stock Options;
provided, however , that to the extent an Option granted under the Plan and designated by the Committee at the time of grant as an Incentive
Stock Option fails to satisfy the requirements for an incentive stock option under section 422 of the Code for any reason, such Option shall be
treated as a Non-Qualified Option.
(q) “ Non-Employee Director ” means an individual who is a member of the Board, and who is not an employee of a Company, including
an individual who is a member of the Board and who previously was, but at the time of reference is not, an employee of a Company.
(r) “ Non-Qualified Option ” means:
(s) “ Officer ” means an officer of the Sponsor (as defined in section 16 of the 1934 Act).
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(B) If more favorable to the Optionee, “Disability” as it may be defined in such Optionee’s employment agreement between the
Optionee and the Sponsor or an Affiliate, if any.
(i)
an Option granted under the Plan, designated by the Committee at the time of such grant as a Non
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Qualified Option and containing
the terms specified herein for Non
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Qualified Options; and
(ii)
an Option granted under the Plan and designated by the Committee at the time of grant as an Incentive Stock Option, to the extent
such Option fails to satisfy the requirements for an incentive stock option under section 422 of the Code for any reason.