Comcast 2009 Annual Report Download - page 132

(iii) The Administrator shall withdraw from the Decedent’s Account such amount or amounts as the Decedent’s Personal
Representative shall certify to the Administrator as being necessary to pay the Death Taxes apportioned against the Decedent’s
Account; the Administrator shall remit the amounts so withdrawn to the Personal Representative, who shall apply the same to the
payment of the Decedent’s Death Taxes, or the Administrator may pay such amounts directly to any taxing authority as payment on
account of Decedent’s Death Taxes, as the Administrator elects;
(iv) If the Administrator makes a withdrawal from the Decedent’s Account to pay the Decedent’s Death Taxes and such
withdrawal causes the recognition of income to the Beneficiary, the Administrator shall pay to the Beneficiary from the Decedent’s
Account, within thirty (30) days of the Beneficiary’s request, the amount necessary to enable the Beneficiary to pay the Beneficiary’
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income tax liability resulting from such recognition of income; additionally, the Administrator shall pay to the Beneficiary from the
Decedent’s Account, within thirty (30) days of the Beneficiary’s request, such additional amounts as are required to enable the
Beneficiary to pay the Beneficiary’s income tax liability attributable to the Beneficiary’s recognition of income resulting from a
distribution from the Decedent’s Account pursuant to this Section 3.7(b)(iv);
(v) Amounts withdrawn from the Decedent’s Account by the Administrator pursuant to Sections 3.7(b)(iii) and 3.7(b)(iv) shall
be withdrawn from the portions of Decedent’s Account having the earliest distribution dates as specified in Decedent’s Initial
Election or Subsequent Election; and
(vi) Within a reasonable time after the later to occur of the Death Tax Clearance Date and the payment date designated in the
Decedent’s Initial Election or Subsequent Election, the Administrator shall pay the Decedent’s Account to the Beneficiary.
ARTICLE 4 – MANNER OF DISTRIBUTION
4.1. Manner of Distribution .
(a) Amounts credited to an Account shall be distributed, pursuant to an Initial Election or Subsequent Election in either (i) a lump
sum payment or (ii) substantially equal annual installments over a five (5), ten (10) or fifteen (15) year period or (iii) substantially equal
monthly installments over a period not exceeding fifteen (15) years. Installment distributions payable in the form of shares of Company
Stock shall be rounded to the nearest whole share.
(b) Notwithstanding any Initial Election or Subsequent Election or any other provision of the Plan to the contrary:
(i) distributions pursuant to Initial Elections or Subsequent Elections shall be made in one lump sum payment unless the portion
of a Participant’s Account subject to distribution, as of both the date of the Initial Election or Subsequent Election and the benefit
commencement date, has a value of more than $10,000;
(ii) following a Participant’s termination of employment for any reason, if the amount credited to the Participant’s Account has
a value of $25,000 or less, the Administrator may, in its sole discretion, direct that such amount be distributed to the Participant
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