Comcast 2009 Annual Report Download - page 133

(or Beneficiary, as applicable) in one lump sum payment; provided, however, that this Section 4.1(b)(ii) shall not apply to any
amount credited to a Participant’s Account until the expiration of the deferral period applicable under any Initial Election or
Subsequent Election in effect as of April 29, 2002.
4.2. Determination of Account Balances for Purposes of Distribution . The amount of any distribution made pursuant to Section 4.1
shall be based on the balances in the Participant’s Account on the date of distribution. For this purpose, the balance in a Participant’s Account
shall be calculated by crediting income, gains and losses under the Company Stock Fund and Income Fund, as applicable, through the date
immediately preceding the date of distribution.
4.3. Plan-to-Plan Transfers . The Administrator may delegate its authority to arrange for plan-to-plan transfers as described in this
Section 4.3 to an officer of the Company or committee of two or more officers of the Company.
(a) The Administrator may, with a Participant’s consent, make such arrangements as it may deem appropriate to transfer the
Company’s obligation to pay benefits with respect to such Participant which have not become payable under this Plan, to another
employer, whether through a deferred compensation plan, program or arrangement sponsored by such other employer or otherwise, or to
another deferred compensation plan, program or arrangement sponsored by the Company or an Affiliate. Following the completion of such
transfer, with respect to the benefit transferred, the Participant shall have no further right to payment under this Plan.
(b) Pursuant to Q-A 19(c) of IRS Notice 2005-1 , to the extent provided by the Committee or its delegate, on or before December 31,
2005, a Participant may, with respect to all or any portion of his or her Account, make new payment elections as to the form and timing of
payment of such amounts as may be permitted under the Comcast Corporation 2005 Deferred Compensation Plan, provided that following
the completion of such new payment election, such amounts shall not be treated as grandfathered benefits under this Plan, but instead shall
be treated as non-grandfathered benefits, subject to the rules of the Comcast Corporation 2005 Deferred Compensation Plan.
4.4. Supplemental RIP Legacy Accounts .
(a) Earnings Adjustment . As of the last day of each calendar year, each Supplemental RIP Legacy Account shall be adjusted as if
such Account were invested at the rate of 12% per annum, compounded annually.
(b) Distribution . A Participant with respect to whom a Supplemental RIP Legacy Account has been established under the Plan and
whose employment terminates for any reason shall receive distribution of the Participant’
s entire Supplemental RIP Legacy Account in one
lump sum as soon after such termination of employment as is administratively feasible. The amount distributed shall be the balance of the
Participant’s Supplemental RIP Legacy Account as of the preceding December 31
, increased by one percent for each completed month in
the year of distribution preceding the date on which distribution is made, reduced by any applicable payroll taxes or required tax
withholding.
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