Comcast 2009 Annual Report Download - page 135

(iv) Except for amounts described in Section 5.2(c), if a Participant ceases to continue in service as an Active Participant, then,
notwithstanding any election to the contrary, such Participant’
s Account shall be deemed invested in the Income Fund, effective as of
the first day of any calendar year beginning after such Participant ceases to continue in service as an Active Participant.
(c) Outside Director Stock Fund Credits
. Amounts credited to the Accounts of Outside Directors in the form of Company Stock shall
be credited with income, gains and losses as if they were invested in the Company Stock Fund. No portion of such Participant’s Account
attributable to amounts credited after December 31, 2002 to the Company Stock Fund may be deemed transferred to the Income Fund.
Distributions of amounts credited to the Company Stock Fund with respect to Outside Directors’ Accounts after December 31, 2002 shall
be distributable in the form of Company Stock, rounded to the nearest whole share.
(d) Timing of Credits . Compensation deferred pursuant to the Plan shall be deemed invested in the Income Fund on the date such
Compensation would otherwise have been payable to the Participant. Accumulated Account balances subject to an investment fund
election under Section 5.2(b) shall be deemed invested in the applicable investment fund as of the effective date of such election. The value
of amounts deemed invested in the Company Stock Fund shall be based on hypothetical purchases and sales of Company Stock at Fair
Market Value as of the effective date of an investment election
5.3. Status of Deferred Amounts . Regardless of whether or not the Company is a Participant’s employer, all Compensation deferred
under this Plan shall continue for all purposes to be a part of the general funds of the Company.
5.4. Participants’ Status as General Creditors . Regardless of whether or not the Company is a Participant’s employer, an Account
shall at all times represent a general obligation of the Company. The Participant shall be a general creditor of the Company with respect to this
obligation, and shall not have a secured or preferred position with respect to the Participant’s Accounts. Nothing contained herein shall be
deemed to create an escrow, trust, custodial account or fiduciary relationship of any kind. Nothing contained herein shall be construed to
eliminate any priority or preferred position of a Participant in a bankruptcy matter with respect to claims for wages.
ARTICLE 6 – NO ALIENATION OF BENEFITS; PAYEE DESIGNATION
Except as otherwise required by applicable law, the right of any Participant or Beneficiary to any benefit or interest under any of the
provisions of this Plan shall not be subject to encumbrance, attachment, execution, garnishment, assignment, pledge, alienation, sale, transfer, or
anticipation, either by the voluntary or involuntary act of any Participant or any Participant’s Beneficiary or by operation of law, nor shall such
payment, right, or interest be subject to any other legal or equitable process. However, subject to the terms and conditions of the Plan, a
Participant or Beneficiary may direct that any amount payable pursuant to an Initial Election or a Subsequent Election on any date designated for
payment be paid to any person or persons or legal entity or entities, including, but not limited to, an organization exempt from federal income tax
under section 501(c)(3) of the Code, instead of to the Participant or
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