Comcast 2009 Annual Report Download - page 146

2.26. “ Income Fund ” means a hypothetical investment fund pursuant to which income, gains and losses are credited to a
Participant’s Account as if the Account, to the extent deemed invested in the Income Fund, were credited with interest at the Applicable Interest
Rate.
2.27. “ Initial Election ” means a written election on a form provided by the Administrator, filed with the Administrator in
accordance with Article 3, pursuant to which an Outside Director or an Eligible Employee may:
(a) Elect to defer any portion of the Compensation payable for the performance of services as an Outside Director or as an Eligible
Employee following the time that such election is filed, provided that the maximum amount of Base Salary available for deferral shall be
determined net of required withholdings and deductions as determined by the Administrator in its sole discretion, but shall in no event be
less than 85% of the Participant’s Base Salary; and
(b) Designate the time of payment of the amount of deferred Compensation to which the Initial Election relates.
2.28. “ New Key Employee ” means each employee of a Participating Company:
(a) who becomes an employee of a Participating Company and has an Annual Rate of Pay of $200,000 or more as of his employment
commencement date, or
(b) who has an Annual Rate of Pay that is increased to $200,000 or more and who, immediately preceding such increase, was not an
Eligible Employee.
2.29. “ Normal Retirement ” means:
(a) For a Participant who is an employee of a Participating Company immediately preceding his termination of employment, a
termination of employment that is treated by the Participating Company as a retirement under its employment policies and practices as in
effect from time to time; and
(b) For a Participant who is an Outside Director immediately preceding his termination of service, his normal retirement from the
Board.
2.30. “ Outside Director ” means a member of the Board, who is not an employee of a Participating Company.
2.31. “ Participant ” means each individual who has made an Initial Election, or for whom an Account is established pursuant to
Section 5.1, and who has an undistributed amount credited to an Account under the Plan, including an Active Participant, a Deceased Participant
and an Inactive Participant.
2.32. “ Participating Company ” means the Company and each Affiliate of the Company designated by the Committee in which the
Company owns, directly or indirectly, 50 percent or more of the voting interests or value. Notwithstanding the foregoing, the Administrator may
delegate its authority to designate an eligible Affiliate as a Participating Company under this Section 2.32 to an officer of the Company or
committee of two or more officers of the Company.
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