Comcast 2009 Annual Report Download - page 138

10.2. Amendment of Rate of Credited Earnings . No amendment shall change the Applicable Interest Rate with respect to the portion
of a Participant’s Account that is attributable to an Initial Election or Subsequent Election made with respect to Compensation earned in a
calendar year and filed with the Administrator before the date of adoption of such amendment by the Board. For purposes of this Section 10.2, a
Subsequent Election to defer the payment of part or all of an Account for an additional period after a previously-elected payment date (as
described in Section 3.5) shall be treated as a separate Subsequent Election from any previous Initial Election or Subsequent Election with
respect to such Account.
ARTICLE 11 – WITHHOLDING OF TAXES
Whenever the Participating Company is required to credit deferred Compensation to the Account of a Participant, the Participating
Company shall have the right to require the Participant to remit to the Participating Company an amount sufficient to satisfy any federal, state
and local withholding tax requirements prior to the date on which the deferred Compensation shall be deemed credited to the Account of the
Participant, or take any action whatever that it deems necessary to protect its interests with respect to tax liabilities. The Participating Company’
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obligation to credit deferred Compensation to an Account shall be conditioned on the Participant’s compliance, to the Participating Company’s
satisfaction, with any withholding requirement. To the maximum extent possible, the Participating Company shall satisfy all applicable
withholding tax requirements by withholding tax from other Compensation payable by the Participating Company to the Participant, or by the
Participant’s delivery of cash to the Participating Company in an amount equal to the applicable withholding tax.
ARTICLE 12 – MISCELLANEOUS PROVISIONS
12.1. No Right to Continued Employment . Nothing contained herein shall be construed as conferring upon any Participant the right
to remain in service as an Outside Director or in the employment of a Participating Company as an executive or in any other capacity.
12.2. Expenses of Plan . All expenses of the Plan shall be paid by the Participating Companies.
12.3. Gender and Number . Whenever any words are used herein in any specific gender, they shall be construed as though they were
also used in any other applicable gender. The singular form, whenever used herein, shall mean or include the plural form, and vice versa , as the
context may require.
12.4. Law Governing Construction . The construction and administration of the Plan and all questions pertaining thereto, shall be
governed by the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and other applicable federal law and, to the extent
not governed by federal law, by the laws of the Commonwealth of Pennsylvania.
12.5. Headings Not a Part Hereof . Any headings preceding the text of the several Articles, Sections, subsections, or paragraphs
hereof are inserted solely for convenience of reference and shall not constitute a part of the Plan, nor shall they affect its meaning, construction,
or effect.
12.6. Severability of Provisions . If any provision of this Plan is determined to be void by any court of competent jurisdiction, the
Plan shall continue to operate and, for the purposes of the jurisdiction of that court only, shall be deemed not to include the provision determined
to be void.
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