Comcast 2009 Annual Report Download - page 128

Election is filed with the Administrator. Further, each Outside Director or Eligible Employee may select with each Initial Election the
manner of distribution in accordance with Article 4.
3.5. Subsequent Elections .
(a) Active Participants . Each Active Participant, who has made an Initial Election, or who has made a Subsequent Election, may
elect to change the manner of distribution or defer the time of payment of any part or all of such Participant’s Account for a minimum of
two and a maximum of ten additional years from the previously-elected payment date, by filing a Subsequent Election with the
Administrator on or before the close of business on June 30 of the calendar year preceding the calendar year in which the lump-sum
distribution or initial installment payment would otherwise be made. The number of Subsequent Elections under this Section 3.5(a) shall
not be limited.
(b) Inactive Participants . The Committee may, in its sole and absolute discretion, permit an Inactive Participant to make a
Subsequent Election to change the manner of distribution, or defer the time of payment of any part or all of such Inactive Participant’s
Account for a minimum of two years and a maximum of ten additional years from the previously-elected payment date, by filing a
Subsequent Election with the Administrator on or before the close of business on June 30 of the calendar year preceding the calendar year
in which the lump-sum distribution or initial installment payment would otherwise be made. The number of Subsequent Elections under
this Section 3.5(b) shall be determined by the Committee in its sole and absolute discretion.
(c) Surviving Spouses .
(i) General Rule . A Surviving Spouse who is a Deceased Participant’s Beneficiary may elect to change the manner of
distribution, or defer the time of payment, of any part or all of such Deceased Participant’s Account the payment of which would be
made neither within six (6) months after, nor within the calendar year of, the date of such election. Such election shall be made by
filing a Subsequent Election with the Administrator in which the Surviving Spouse shall specify the change in the manner of
distribution or the change in the time of payment, which shall be no less than two nor more than ten years from the previously-
elected payment date, or such Surviving Spouse may elect to defer payment until such Surviving Spouse’
s death. A Surviving Spouse
may make a total of two (2) Subsequent Elections under this Section 3.5(c)(i), with respect to all or any part of the Deceased
Participant’s Account. Subsequent Elections pursuant to this Section 3.5(c)(i) may specify different changes with respect to different
parts of the Deceased Participant’s Account.
(ii) Exception . Notwithstanding the above Section 3.5(c)(i), a Subsequent Election may be made by a Surviving Spouse within
sixty (60) days of the Deceased Participant’s death; provided, however, such election may only be made with respect to amounts
which would not be paid under the Deceased Participant’s election as in effect on the date of the Deceased Participant’s death until a
date which is at least six (6) months from the Deceased Participant’s date of death. Such election shall be made by filing a
Subsequent Election with the Administrator in which the Surviving Spouse shall specify the change in the manner of distribution or
the change in the time of payment, which shall be no less than two (2) nor more
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