Comcast 2009 Annual Report Download - page 134

ARTICLE 5 – BOOK ACCOUNTS
5.1. Deferred Compensation Account . A deferred Compensation Account shall be established for each Outside Director and Eligible
Employee when such Outside Director or Eligible Employee becomes a Participant. Compensation deferred pursuant to the Plan shall be
credited to the Account on the date such Compensation would otherwise have been payable to the Participant.
5.2. Crediting of Income, Gains and Losses on Accounts .
(a) In General . Except as otherwise provided in this Section 5.2, the Administrator shall credit income, gains and losses with respect
to each Participant’s Account as if it were invested in the Income Fund.
(b) Investment Fund Elections .
(i) Except for amounts credited to the Accounts of Participants who are Outside Directors who have elected to defer the receipt
of Compensation payable in the form of Company Stock, all amounts credited to Participants’ Accounts on and after July 9, 2002
shall be credited with income, gains and losses as if it were invested in the Income Fund. Each Participant who, as of July 9, 2002,
has all or any portion of his or her Account credited with income, gains and losses as if it were invested in the Company Stock Fund
may direct, as of any business day, to have all or any portion of the amount credited to the Company Stock Fund deemed transferred
to the Income Fund, in accordance with procedures established by the Administrator from time to time. No portion of the
Participant’s Account credited to the Income Fund may be deemed transferred to the Company Stock Fund.
(ii) With respect to amounts credited to Participants’
Accounts through July 9, 2002, investment fund elections shall continue in
effect until revoked or superseded. Except for amounts credited to the Accounts of Participants who are Outside Directors who have
elected to defer the receipt of Compensation payable in the form of Company Stock, all amounts credited to Participants’ Accounts
on and after July 9, 2002 shall be deemed to be invested in the Income Fund. Except for amounts described in Section 5.2(c),
notwithstanding any investment fund election to the contrary, as of the valuation date (as determined under Section 4.2) for the
distribution of all or any portion of a Participant’s Account that is subject to distribution in the form of installments described in
Section 4.1(a) or (b), such Account, or portion thereof, shall be deemed invested in the Income Fund (and transferred from the
Company Stock Fund to the Income Fund, to the extent necessary) until such Account, or portion thereof, is distributed in full.
(iii) Investment fund elections under this Section 5.2(b) shall be effective as soon as practicable following the Participant’s
election, pursuant to procedures established by the Administrator. An Active Participant may not make an investment fund election
with respect to Compensation to be deferred for a calendar year.
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