Comcast 2009 Annual Report Download - page 150

(b) Inactive Participants . The Committee may, in its sole and absolute discretion, permit an Inactive Participant to make a
Subsequent Election defer the time of payment of any part or all of such Inactive Participant’s Account for a minimum of five years and a
maximum of ten additional years from the previously-elected payment date, by filing a Subsequent Election with the Administrator at least
12 months before the lump-sum distribution or initial installment payment would otherwise be made. The number of Subsequent Elections
under this Section 3.5(b) shall be determined by the Committee in its sole and absolute discretion.
(c) Surviving Spouses .
(i) Acceleration Election . To the extent permitted under Section 409A (except to the extent that Section 3.7(b) applies), a
Surviving Spouse who is a Deceased Participant’s Beneficiary may elect to accelerate the time of payment of the Deceased
Participant’s Account from the date payment would otherwise be made to a time that is as soon as reasonably practicable following
the Deceased Participant’s date of death.
(ii) Subsequent Election . A Surviving Spouse who is a Deceased Participant’s Beneficiary may elect to defer the time of
payment of any part or all of such Deceased Participant’s Account the payment of which would be made more than 12 months after
the date of such election. Such election shall be made by filing a Subsequent Election with the Administrator in which the Surviving
Spouse shall specify the change in the time of payment, which shall be no less than five (5) years nor more than ten (10) years from
the previously-elected payment date, or such Surviving Spouse may elect to defer payment until such Surviving Spouse’s death. A
Surviving Spouse may make a total of two (2) Subsequent Elections under this Section 3.5(c)(ii), with respect to all or any part of the
Deceased Participant’s Account. Subsequent Elections pursuant to this Section 3.5(c)(ii) may specify different changes with respect
to different parts of the Deceased Participant’s Account.
(d) Beneficiary of a Deceased Participant Other Than a Surviving Spouse.
(i) Acceleration Election . To the extent permitted under Section 409A (except to the extent that Section 3.7(b) applies), a
Beneficiary of a Deceased Participant other than a Surviving Spouse may elect to accelerate the time of payment of the Deceased
Participant’s Account from the date payment would otherwise be made to a time that is as soon as reasonably practicable following
the Deceased Participant’s date of death.
(ii) Subsequent Election . A Beneficiary of a Deceased Participant other than a Surviving Spouse may elect to defer the time of
payment, of any part or all of such Deceased Participant’s Account the payment of which would be made more than 12 months after
the date of such election. Such election shall be made by filing a Subsequent Election with the Administrator in which the
Beneficiary shall specify the deferral of the time of payment, which shall be no less than five (5) years nor more than ten (10) years
from the previously-elected payment date. A Beneficiary may make one (1) Subsequent Election under this Section 3.5(d)(i), with
respect to all or any part of the Deceased Participant’s Account. Subsequent Elections pursuant to this Section 3.5(d)(i) may specify
different changes with respect to different parts of the Deceased Participant’s Account.
-
11
-