Comcast 2009 Annual Report Download - page 124

2.29. “ Initial Election ” means a written election on a form provided by the Administrator, filed with the Administrator in
accordance with Article 3, pursuant to which an Outside Director or an Eligible Employee may:
(a) Elect to defer all or any portion of the Compensation payable for the performance of services as an Outside Director or as an
Eligible Employee (including Severance Pay, to the extent permitted with respect to an Eligible Employee pursuant to Section 3.2)
following the time that such election is filed; and
(b) Designate the time of payment of the amount of deferred Compensation to which the Initial Election relates.
2.30. “ Insider ” means an Eligible Employee or Outside Director who is subject to the short-swing profit recapture rules of section
16(b) of the Securities Exchange Act of 1934, as amended.
2.31. “ LIBOR ” means, for any calendar year, the interest rate that, when compounded daily pursuant to rules established by the
Administrator from time to time, is mathematically equivalent to the annual London Inter Bank Offered Rate (compounded annually), as
published in the Eastern Edition of The Wall Street Journal , on the last business day preceding the first day of such calendar year, and as
adjusted as of the last business day preceding the first day of each calendar year beginning thereafter.
2.32. “ New Key Employee ” means each employee of a Participating Company:
(a) who becomes an employee of a Participating Company and has an Annual Rate of Pay of $200,000 or more as of his employment
commencement date, or
(b) who has an Annual Rate of Pay that is increased to $200,000 or more and who, immediately preceding such increase, was not an
Eligible Employee.
2.33. “ Normal Retirement ” means:
(a) For a Participant who is an employee of a Participating Company immediately preceding his termination of employment, a
termination of employment that is treated by the Participating Company as a retirement under its employment policies and practices as in
effect from time to time; and
(b) For a Participant who is an Outside Director immediately preceding his termination of service, his normal retirement from the
Board.
2.34. “ Outside Director ” means a member of the Board, who is not an employee of a Participating Company.
2.35. “ Participant ” means each individual who has made an Initial Election, or for whom an Account is established pursuant to
Section 5.1, and who has an undistributed amount credited to an Account under the Plan, including an Active Participant, a Deceased Participant
and an Inactive Participant.
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