Comcast 2009 Annual Report Download - page 107

be less than 100% of the Fair Market Value of such Share on the Date of Grant, and provided further that with respect to any Incentive Stock
Options granted to a Ten Percent Shareholder, the option price per Share shall not be less than 110% of the Fair Market Value of such Share on
the Date of Grant.
(c) Restrictions on Transferability . No Option granted under this Paragraph 7 shall be transferable otherwise than by will or the laws of
descent and distribution and, during the lifetime of the Optionee, shall be exercisable only by him or for his benefit by his attorney-in-fact or
guardian; provided that the Committee may, in its discretion, at the time of grant of a Non-Qualified Option or by amendment of an option
document for an Incentive Stock Option or a Non-Qualified Option, provide that Options granted to or held by an Optionee may be transferred,
in whole or in part, to one or more transferees and exercised by any such transferee; provided further that (i) any such transfer is without
consideration and (ii) each transferee is a Family Member with respect to the Optionee; and provided further that any Incentive Stock Option
granted pursuant to an option document which is amended to permit transfers during the lifetime of the Optionee shall, upon the effectiveness of
such amendment, be treated thereafter as a Non-Qualified Option. No transfer of an Option shall be effective unless the Committee is notified of
the terms and conditions of the transfer and the Committee determines that the transfer complies with the requirements for transfers of Options
under the Plan and the option document. Any person to whom an Option has been transferred may exercise any Options only in accordance with
the provisions of Paragraph 7(g) and this Paragraph 7(c).
(d) Payment Upon Exercise of Options . With respect to Options granted on and after February 28, 2007, full payment for Shares
purchased upon the exercise of an Option shall be made pursuant to one or more of the following methods as determined by the Committee and
set forth in the Option document:
-
10
-
(i)
In cash;
(ii)
By certified check payable to the order of the Sponsor;
(iii) By surrendering or attesting to ownership of Shares with an aggregate Fair Market Value equal to the aggregate option price,
provided, however , with respect to Options granted before February 28, 2007, that ownership of Shares may be attested to and
Shares may be surrendered in satisfaction of the option price only if the Optionee certifies in writing to the Sponsor that the Optionee
owns a number of Other Available Shares as of the date the Option is exercised that is at least equal to the number of Shares as to
which ownership has been attested, or the number of Shares to be surrendered in satisfaction of the Option Price, as applicable;
provided further
, however, that the option price may not be paid in Shares if the Committee determines that such method of payment
would result in liability under section 16(b) of the 1934 Act to an Optionee. Except as otherwise provided by the Committee, if