Comcast 2009 Annual Report Download - page 157

7.2. Designation of Beneficiaries . Each Participant (and Beneficiary) shall have the right to designate one or more Beneficiaries to
receive distributions in the event of the Participant’s (or Beneficiary’s) death by filing with the Administrator a Beneficiary designation on a
form that may be prescribed by the Administrator for such purpose from time to time. The designation of a Beneficiary or Beneficiaries may be
changed by a Participant (or Beneficiary) at any time prior to such Participant’s (or Beneficiary’
s) death by the delivery to the Administrator of a
new Beneficiary designation form. The Administrator may require that only the Beneficiary or Beneficiaries identified on the Beneficiary
designation form prescribed by the Administrator be recognized as a Participant’s (or Beneficiary’s) Beneficiary or Beneficiaries under the Plan,
and that absent the completion of the currently prescribed Beneficiary designation form, the Participants (or Beneficiary’s) Beneficiary
designation shall be the Participant’s (or Beneficiary’s) estate.
ARTICLE 8 – HARDSHIP AND OTHER ACCELERATION EVENTS
8.1. Hardship . Notwithstanding the terms of an Initial Election or Subsequent Election, if, at the Participant’s request, the Board
determines that the Participant has incurred a Hardship, the Board may, in its discretion, authorize the immediate distribution of all or any
portion of the Participant’s Account.
8.2. Other Acceleration Events . To the extent permitted by Section 409A, notwithstanding the terms of an Initial Election or
Subsequent Election, distribution of all or part of a Participant’s Account may be made:
8.2.1. To fulfill a domestic relations order (as defined in section 414(p)(1)(B) of the Code) to the extent permitted by Treasury
Regulations section 1.409A-3(j)(4)(ii) or any successor provision of law).
8.2.2. To the extent necessary to comply with laws relating to avoidance of conflicts of interest, as provided in Treasury Regulation
section 1.409A-3(j)(4)(iii) (or any successor provision of law).
8.2.3. To pay employment taxes to the extent permitted by Treasury Regulation section 1.409A-3(j)(4)(vi) (or any successor
provision of law).
8.2.4. In connection with the recognition of income as the result of a failure to comply with Section 409A, to the extent permitted by
Treasury Regulation section 1.409A-3(j)(4)(vii) (or any successor provision of law).
8.2.5. To pay state, local or foreign taxes to the extent permitted by Treasury Regulation section 1.409A-3(j)(4)(xi) (or any successor
provision of law).
8.2.6. In satisfaction of a debt of a Participant to a Participating Company where such debt is incurred in the ordinary course of the
service relationship between the Participant and the Participating Company, to the extent permitted by Treasury Regulation section
1.409A-3(j)(4)(xiii) (or any successor provision of law).
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