Comcast 2009 Annual Report Download - page 118

(d) The Company’s controlled subsidiary, E! Entertainment Television, Inc., (“E!”) has maintained the E! Entertainment Television,
Inc. 2002 Deferred Compensation Plan (the “E! Plan”), a non-qualified deferred compensation plan pursuant to which eligible employees
have been credited with certain account balances that are credited with earnings at the same rate as the earnings rate for active participants
in the Plan. Under the E! Plan, to the extent participants’ account balances are treated as earned and vested as of December 31, 2004 under
IRS Notice 2005-1 (the “E! Grandfathered Accounts”), the rules of the E! Plan, as amended and restated, effective May 26, 2004 apply.
Effective as of January 1, 2008, that portion of the E! Plan that includes the E! Grandfathered Accounts (the “E! Grandfathered Plan”) is
merged with and into the Plan and the separate existence of the E! Grandfathered Plan shall cease, and all E! Grandfathered Accounts that
had previously been administered pursuant to the E! Grandfathered Plan shall be held under the Plan. E! Grandfathered Accounts shall
continue to be subject to the rules of the E! Grandfathered Plan (to the limited extent such rules may be inconsistent with the rules of the
Plan) and the merger of the E! Grandfathered Plan with and into the Plan is not intended, in form or operation, to constitute a “material
modification” of E! Grandfathered Account, nor to provide any additional benefit, right or feature with respect to E! Grandfathered
Accounts. An individual whose E! Grandfathered Account is held under the Plan as a result of the merger of the E! Grandfathered Plan
with and into the Plan shall be a participant in the Plan only for purposes of the E! Grandfathered Account. Except for earnings credits, no
amounts shall be credited to E! Grandfathered Accounts administered under the Plan. Except for earnings credited with respect to E!
Grandfathered Accounts after 2004, E! Grandfathered Accounts consist solely of deferred compensation credits that were earned and
vested before January 1, 2005. Accordingly, E! Grandfathered Accounts are intended to be treated as grandfathered benefits that are not
subject to the AJCA.
(e) Amounts earned and vested prior to January 1, 2005 are and will remain subject to the terms and conditions of the Plan.
1.2. Plan Unfunded and Limited to Outside Directors and Select Group of Management or Highly Compensated Employees . The
Plan is unfunded and is maintained primarily for the purpose of providing outside directors and a select group of management or highly
compensated employees the opportunity to defer the receipt of compensation otherwise payable to such outside directors and eligible employees
in accordance with the terms of the Plan.
ARTICLE 2 – DEFINITIONS
2.1. “ Account ” means the bookkeeping accounts established pursuant to Section 5.1 and maintained by the Administrator in the
names of the respective Participants, to which all amounts deferred and earnings allocated under the Plan shall be credited, and from which all
amounts distributed pursuant to the Plan shall be debited.
2.2. “ Active Participant ” means:
(a) Each Participant who is in active service as an Outside Director; and
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