Comcast 2009 Annual Report Download - page 152

(b) Unless the Decedent affirmatively has elected, pursuant to Section 3.7(a), that the terms of this Section 3.7(b) not apply, but only
to the extent permitted under Section 409A:
(i) The Administrator shall prohibit the Decedent’s Beneficiary from taking any action under any of the provisions of the Plan
with regard to the Decedent’s Account other than the Beneficiary’s making of a Subsequent Election pursuant to Section 3.5;
(ii) The Administrator shall defer payment of the Decedent’s Account until the later of the Death Tax Clearance Date and the
payment date designated in the Decedent’s Initial Election or Subsequent Election;
(iii) The Administrator shall withdraw from the Decedent’s Account such amount or amounts as the Decedent’s Personal
Representative shall certify to the Administrator as being necessary to pay the Death Taxes apportioned against the Decedent’s
Account; the Administrator shall remit the amounts so withdrawn to the Personal Representative, who shall apply the same to the
payment of the Decedent’s Death Taxes, or the Administrator may pay such amounts directly to any taxing authority as payment on
account of Decedent’s Death Taxes, as the Administrator elects;
(iv) If the Administrator makes a withdrawal from the Decedent’s Account to pay the Decedent’s Death Taxes and such
withdrawal causes the recognition of income to the Beneficiary, the Administrator shall pay to the Beneficiary from the Decedent’s
Account, within thirty (30) days of the Beneficiary’s request, the amount necessary to enable the Beneficiary to pay the Beneficiary’
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income tax liability resulting from such recognition of income; additionally, the Administrator shall pay to the Beneficiary from the
Decedent’s Account, within thirty (30) days of the Beneficiary’s request, such additional amounts as are required to enable the
Beneficiary to pay the Beneficiary’s income tax liability attributable to the Beneficiary’s recognition of income resulting from a
distribution from the Decedent’s Account pursuant to this Section 3.7(b)(iv);
(v) Amounts withdrawn from the Decedent’s Account by the Administrator pursuant to Sections 3.7(b)(iii) and 3.7(b)(iv) shall
be withdrawn from the portions of Decedent’s Account having the earliest distribution dates as specified in Decedent’s Initial
Election or Subsequent Election; and
(vi) Within a reasonable time after the later to occur of the Death Tax Clearance Date and the payment date designated in the
Decedent’s Initial Election or Subsequent Election, the Administrator shall pay the Decedent’s Account to the Beneficiary.
3.8. Company Credits . In addition to the amounts credited to Participants’ Accounts pursuant to Initial Elections with respect to
Compensation, the Committee may provide for additional amounts to be credited to the Accounts of one or more designated Eligible Employees
(“Company Credits”) for any year. A Participant whose Account is designated to receive Company Credits may not elect to receive any portion
of the Company Credits as additional Compensation in lieu of deferral as provided by this Section 3.8. The total amount of Company Credits
designated with respect to an Eligible Employee’s Account for any Plan Year shall be credited to such Eligible Employee’s Account as of the
time or times designated by the Committee, as a bookkeeping entry to such Eligible Employee’s Account in accordance with Section 5.1. From
and after the date Company Credits are allocated as designated by the
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