Comcast 2009 Annual Report Download - page 131

(h) Retired Participants and Disabled Participants . The Committee may, in its sole and absolute discretion, permit a Retired
Participant or a Disabled Participant to make a Subsequent Election to change the form of distribution that the payment of the Retired
Participant’s account would otherwise be made or to defer the time of payment of any part or all of such Retired or Disabled 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(h) shall be determined by the Committee in its sole and absolute discretion.
(i) Most Recently Filed Initial Election or Subsequent Election Controlling . Subject to acceleration pursuant to Section 3.5(e) or 3.5
(f), Section 3.7 or Section 7.1, no distribution of the amounts deferred by a Participant for any calendar year shall be made before the
payment date designated by the Participant or Beneficiary on the most recently filed Initial Election or Subsequent Election with respect to
each deferred amount.
3.6. Distribution in Full Upon Terminating Event . The Company shall give Participants at least thirty (30) days notice (or, if not
practicable, such shorter notice as may be reasonably practicable) prior to the anticipated date of the consummation of a Terminating Event. The
Committee may, in its discretion, provide in such notice that notwithstanding any other provision of the Plan or the terms of any Initial Election
or Subsequent Election, upon the consummation of a Terminating Event, the Account balance of each Participant shall be distributed in full and
any outstanding Initial Elections or Subsequent Elections shall be revoked.
3.7. Withholding and Payment of Death Taxes .
(a) Notwithstanding any other provisions of this Plan to the contrary, including but not limited to the provisions of Article 3 and
Article 7, or any Initial or Subsequent Election filed by a Deceased Participant or a Deceased Participant’
s Beneficiary (for purposes of this
Section, the “Decedent”), the Administrator shall apply the terms of Section 3.7(b) to the Decedent’s Account unless the Decedent
affirmatively has elected, in writing, filed with the Administrator, to waive the application of Section 3.7(b).
(b) Unless the Decedent affirmatively has elected, pursuant to Section 3.7(a), that the terms of this Section 3.7(b) not apply:
(i) The Administrator shall prohibit the Decedent’s Beneficiary from taking any action under any of the provisions of the Plan
with regard to the Decedent’s Account other than the Beneficiary’s making of a Subsequent Election pursuant to Section 3.5;
(ii) The Administrator shall defer payment of the Decedent’s Account until the later of the Death Tax Clearance Date and the
payment date designated in the Decedent’s Initial Election or Subsequent Election;
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