Comcast 2009 Annual Report Download - page 151

(e) Disabled Participant . To the extent permitted under Section 409A, a Disabled Participant may elect to accelerate the time of
payment of the Disabled Participant’s Account from the date payment would otherwise be made to a time that is as soon as reasonably
practicable following the time the Disability occurred.
(f) Retired Participants and Disabled Participants . The Committee may, in its sole and absolute discretion, permit a Retired
Participant or a Disabled Participant to make a Subsequent Election to defer the time of payment of any part or all of such Retired or
Disabled Participant’s Account that would not otherwise become payable within twelve (12) months of such Subsequent Election for a
minimum of five (5) years and a maximum of ten (10) additional years from the previously-elected payment date, by filing a Subsequent
Election with the Administrator on or before the close of business on the date that is at least twelve (12) months before the date on which
the lump-sum distribution or initial installment payment would otherwise be made. The number of Subsequent Elections under this
Section 3.5(f) shall be determined by the Committee in its sole and absolute discretion.
(g) Most Recently Filed Initial Election or Subsequent Election Controlling . Subject to acceleration pursuant to Section 3.5(e),
Section 3.7 or Section 7.1 (to the extent permitted under Section 409A), no distribution of the amounts deferred by a Participant for any
calendar year shall be made before the payment date designated by the Participant or Beneficiary on the most recently filed Initial Election
or Subsequent Election with respect to each deferred amount.
3.6. Discretion to Provide for Distribution in Full Upon or Following a Change of Control
. To the extent permitted by Section 409A,
in connection with a Change of Control, and for the 12-month period following a Change of Control, the Committee may exercise its discretion
to terminate the Plan and, notwithstanding any other provision of the Plan or the terms of any Initial Election or Subsequent Election, distribute
the Account balance of each Participant in full and thereby effect the revocation of any outstanding Initial Elections or Subsequent Elections.
3.7. Withholding and Payment of Death Taxes .
(a) Notwithstanding any other provisions of this Plan to the contrary, including but not limited to the provisions of Article 3 and
Article 7, or any Initial or Subsequent Election filed by a Deceased Participant or a Deceased Participant’
s Beneficiary (for purposes of this
Section, the “Decedent”), and to the extent permitted by Section 409A, the Administrator shall apply the terms of Section 3.7(b) to the
Decedent’s Account unless the Decedent affirmatively has elected, in writing, filed with the Administrator, to waive the application of
Section 3.7(b).
-
12
-