Comcast 2009 Annual Report Download - page 156

investment fund election under Section 5.2(b) shall be deemed invested in the applicable investment fund as of the effective date of such
election. The value of amounts deemed invested in the Company Stock Fund shall be based on hypothetical purchases and sales of
Company Stock at Fair Market Value as of the effective date of an investment election.
5.3. Status of Deferred Amounts . Regardless of whether or not the Company is a Participant’s employer, all Compensation deferred
under this Plan shall continue for all purposes to be a part of the general funds of the Company.
5.4. Participants’ Status as General Creditors . Regardless of whether or not the Company is a Participant’s employer, an Account
shall at all times represent a general obligation of the Company. The Participant shall be a general creditor of the Company with respect to this
obligation, and shall not have a secured or preferred position with respect to the Participant’s Accounts. Nothing contained herein shall be
deemed to create an escrow, trust, custodial account or fiduciary relationship of any kind. Nothing contained herein shall be construed to
eliminate any priority or preferred position of a Participant in a bankruptcy matter with respect to claims for wages.
ARTICLE 6 – NO ALIENATION OF BENEFITS; PAYEE DESIGNATION
Except as otherwise required by applicable law, the right of any Participant or Beneficiary to any benefit or interest under any of the
provisions of this Plan shall not be subject to encumbrance, attachment, execution, garnishment, assignment, pledge, alienation, sale, transfer, or
anticipation, either by the voluntary or involuntary act of any Participant or any Participant’s Beneficiary or by operation of law, nor shall such
payment, right, or interest be subject to any other legal or equitable process. However, subject to the terms and conditions of the Plan, a
Participant or Beneficiary may direct that any amount payable pursuant to an Initial Election or a Subsequent Election on any date designated for
payment be paid to any person or persons or legal entity or entities, including, but not limited to, an organization exempt from federal income tax
under section 501(c)(3) of the Code, instead of to the Participant or Beneficiary. Such a payee designation shall be provided to the Administrator
by the Participant or Beneficiary in writing on a form provided by the Administrator, and shall not be effective unless it is provided immediately
preceding the time of payment. The Company’s payment pursuant to such a payee designation shall relieve the Company and its Affiliates of all
liability for such payment.
ARTICLE 7 – DEATH OF PARTICIPANT
7.1. Death of Participant . A Deceased Participant’s Account shall be distributed in accordance with the last Initial Election or
Subsequent Election made by the Deceased Participant before the Deceased Participant’s death, unless the Deceased Participant’s Surviving
Spouse or other Beneficiary timely elects to accelerate or defer the time of payment pursuant to Section 3.5.
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