Comcast 2009 Annual Report Download - page 110

(h) Date of Exercise . The date of exercise of an Option shall be the date on which written notice of exercise, addressed to the Sponsor at
its main office to the attention of its Secretary, is hand delivered, telecopied or mailed first class postage prepaid; provided, however , that the
Sponsor shall not be obligated to deliver any certificates for Shares pursuant to the exercise of an Option until the Optionee shall have made
payment in full of the option price for such Shares. Each such exercise shall be irrevocable when given. Each notice of exercise must (i) specify
the Incentive Stock Option, Non-Qualified Option or combination thereof being exercised; and (ii) if applicable, include a statement of
preference (which shall binding on and irrevocable by the Optionee but shall not be binding on the Committee) as to the manner in which
payment to the Sponsor shall be made. Each notice of exercise shall also comply with the requirements of Paragraph 15.
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of his Options which are then exercisable for a period of one year following such termination of employment (unless a longer period
is established by the Committee); provided, however, that in no event shall an Incentive Stock Option be exercisable after five years
from the Date of Grant in the case of a grant to a Ten Percent Shareholder, nor shall any other Option be exercisable after ten years
from the Date of Grant.
(ii) In the event that an Optionee terminates employment with the Company by reason of his death, any Option held at death by such
Optionee which is then exercisable shall be exercisable for a period of one year from the date of death (unless a longer period is
established by the Committee) by the person to whom the rights of the Optionee shall have passed by will or by the laws of descent
and distribution; provided, however , that in no event shall an Incentive Stock Option be exercisable after five years from the Date of
Grant in the case of a grant to a Ten Percent Shareholder, nor shall any other Option be exercisable after ten years from the Date of
Grant.
(iii)
In the event that an Optionee
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s employment with the Company is terminated for Cause, each unexercised Option held by such
Optionee shall terminate and cease to be exercisable; provided further
, that in such event, in addition to immediate termination of the
Option, the Optionee, upon a determination by the Committee shall automatically forfeit all Shares otherwise subject to delivery
upon exercise of an Option but for which the Sponsor has not yet delivered the Share certificates, upon refund by the Sponsor of the
option price.