Comcast 2009 Annual Report Download - page 154

4.2. Determination of Account Balances for Purposes of Distribution . The amount of any distribution made pursuant to Section 4.1
shall be based on the balances in the Participant’
s Account on the date the recordkeeper appointed by the Administrator transmits the distribution
request for a Participant to the Administrator for payment and processing, provided that payment with respect to such distribution shall be made
as soon as reasonably practicable following the date the distribution request is transmitted to the Administrator. For this purpose, the balance in a
Participant’s Account shall be calculated by crediting income, gains and losses under the Company Stock Fund and Income Fund, as applicable,
through the date immediately preceding the date on which the distribution request is transmitted to the recordkeeper.
4.3. Plan-to-Plan Transfers; Change in Time and Form of Election Pursuant to Special Section 409A Transition Rules . The
Administrator may delegate its authority to arrange for plan-to-plan transfers or to permit benefit elections as described in this Section 4.3 to an
officer of the Company or committee of two or more officers of the Company.
(a) The Administrator may, with a Participant’s consent, make such arrangements as it may deem appropriate to transfer the
Company’s obligation to pay benefits with respect to such Participant which have not become payable under this Plan, to another
employer, whether through a deferred compensation plan, program or arrangement sponsored by such other employer or otherwise, or to
another deferred compensation plan, program or arrangement sponsored by the Company or an Affiliate. Following the completion of such
transfer, with respect to the benefit transferred, the Participant shall have no further right to payment under this Plan.
(b) The Administrator may, with a Participant’s consent, make such arrangements as it may deem appropriate to assume another
employer’s obligation to pay benefits with respect to such Participant which have not become payable under the deferred compensation
plan, program or arrangement under which such future right to payment arose, to the Plan, or to assume a future payment obligation of the
Company or an Affiliate under another plan, program or arrangement sponsored by the Company or an Affiliate. Upon the completion of
the Plan’s assumption of such payment obligation, the Administrator shall establish an Account for such Participant, and the Account shall
be subject to the rules of this Plan, as in effect from time to time.
(c) Pursuant to Final Treasury Regulations issued under section 409A of the Code, to the extent provided by the Committee or its
delegate:
(i) a Participant may, during the period extending from January 1, 2007 to December 31, 2007, with respect to all or any
portion of his or her account under the 2005 Plan that is scheduled to be paid after December 31, 2007, and with respect to all or any
portion of his or her account under the Prior Plan that is scheduled to be paid after December 31, 2007, make new payment elections
as to the form and timing of payment of such amounts as may be permitted under this Plan, provided that following the completion of
such new payment election, amounts previously credited under the Prior Plan shall not be treated as grandfathered benefits under the
Prior Plan, but instead shall be treated as non-grandfathered benefits, subject to the rules of this Plan, and provided that no portion of
the benefit subject to such an election shall be payable before January 1, 2008.
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