Comcast 2009 Annual Report Download - page 142

2.6. “ Applicable Interest Rate ” means:
(a) Except as otherwise provided in Sections 2.6(b), the Applicable Interest Rate means the interest rate that, when compounded daily
pursuant to rules established by the Administrator from time to time, is mathematically equivalent to 12% per annum, compounded
annually.
(b) Effective for the period beginning as soon as administratively practicable following a Participant’s employment termination date
to the date the Participant’s Account is distributed in full, the Administrator, in its sole discretion, may designate the term “Applicable
Interest Rate” for such Participant’s Account to mean the lesser of (i) the rate in effect under Section 2.6(a) or (ii) the Prime Rate plus one
percent. Notwithstanding the foregoing, the Administrator may delegate its authority to determine the Applicable Interest Rate under this
Section 2.6(b) to an officer of the Company or committee of two or more officers of the Company.
2.7. “ Beneficiary ” means such 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, designated by a Participant or Beneficiary to receive benefits pursuant to the terms
of the Plan after such Participant’s or Beneficiary’s death. If no Beneficiary is designated by the Participant or Beneficiary, or if no Beneficiary
survives the Participant or Beneficiary (as the case may be), the Participant’s Beneficiary shall be the Participant’s Surviving Spouse if the
Participant has a Surviving Spouse and otherwise the Participant’s estate, and the Beneficiary of a Beneficiary shall be the Beneficiary’s
Surviving Spouse if the Beneficiary has a Surviving Spouse and otherwise the Beneficiary’s estate.
2.8. “ Board ” means the Board of Directors of the Company.
2.9. “ Change of Control ” means any transaction or series of transactions that constitutes a change in the ownership or effective
control or a change in the ownership of a substantial portion of the assets of the Company, within the meaning of Section 409A.
2.10. “ Code ” means the Internal Revenue Code of 1986, as amended.
2.11. “ Committee ” means the Compensation Committee of the Board of Directors of the Company.
2.12. “ Company ” means Comcast Corporation, a Pennsylvania corporation, including any successor thereto by merger,
consolidation, acquisition of all or substantially all the assets thereof, or otherwise.
2.13. “ Company Stock ” means with respect to amounts credited to the Company Stock Fund pursuant to deferral elections by
Outside Directors made pursuant to Section 3.1(a), Comcast Corporation Class A Common Stock, par value $0.01, including a fractional share,
and such other securities issued by Comcast Corporation as may be subject to adjustment in the event that shares of either class of Company
Stock are changed into, or exchanged for, a different number or kind of shares of stock or other securities of the Company, whether through
merger,
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