Comcast 2009 Annual Report Download - page 153

Committee, Company Credits shall be credited with income, gains and losses on the same basis as all other amounts credited to the Participant’s
Account pursuant to Section 5.2. Company Credits and income, gains and losses credited with respect to Company Credits shall be distributable
to the Participant on the same basis as if the Participant had made an Initial Election to receive a lump sum distribution of such amount on
January 2 of the third calendar year beginning after the Plan Year with respect to which the Company Credits were authorized, unless the
Participant timely designates another time and form of payment that is a permissible time and form of payment for amounts subject to an Initial
Election under Section 3.4(a) and Section 4.1. In addition, the Participant may make one or more Subsequent Elections with respect to such
Company Credits (and income, gains and losses credited with respect to Company Credits) on the same basis as all other amounts credited to
such Participant’s Account.
3.9. Required Suspension of Payment of Benefits . To the extent compliance with the requirements of Treas. Reg. § 1.409A-3(i)(2)
(or any successor provision) is necessary to avoid the application of an additional tax under Section 409A to payments due to a Participant upon
or following his separation from service, then notwithstanding any other provision of this Plan, any such payments that are otherwise due within
six months following the Participant’s separation from service will be deferred and paid to the Participant in a lump sum immediately following
that six-month period.
ARTICLE 4 – MANNER OF DISTRIBUTION
4.1. Manner of Distribution .
(a) Amounts credited to an Account shall be distributed, pursuant to an Initial Election or Subsequent Election in either (i) a lump
sum payment or (ii) substantially equal monthly or annual installments over a five (5), ten (10) or fifteen (15) year period. Installment
distributions payable in the form of shares of Company Stock shall be rounded to the nearest whole share.
(b) To the extent permitted by Section 409A, notwithstanding any Initial Election, Subsequent Election or any other provision of the
Plan to the contrary:
(i) distributions pursuant to Initial Elections or Subsequent Elections shall be made in one lump sum payment unless the portion
of a Participant’s Account subject to distribution, as of both the date of the Initial Election or Subsequent Election and the benefit
commencement date, has a value of more than $10,000;
(ii) following a Participant’s termination of employment for any reason, if the amount credited to the Participant’s Account has
a value of $10,000 or less, the Administrator may, in its sole discretion, direct that such amount be distributed to the Participant (or
Beneficiary, as applicable) in one lump sum payment, provided that the payment is made on or before the later of (i) December 31 of
the calendar year in which the Participant terminates employment or (ii) the date two and one-half months after the Participant
terminates employment.
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