Comcast 2009 Annual Report Download - page 162

(a) “ Acceleration Election ” means a written election on a form provided by the Committee, pursuant to which a Deceased Grantee’s
Successor-in-Interest or a Disabled Grantee elects to accelerate the distribution date of Shares issuable with respect to Restricted Stock and/or
Restricted Stock Units.
(b) “ Account ” means unfunded bookkeeping accounts established pursuant to Paragraph 8(h) and maintained by the Committee in the
names of the respective Grantees (i) to which Deferred Stock Units, dividend equivalents and earnings on dividend equivalents shall be credited
with respect to the portion of the Account allocated to the Company Stock Fund and (ii) to which an amount equal to the Fair Market Value of
Deferred Stock Units with respect to which a Diversification Election has been made and interest thereon are deemed credited, reduced by
distributions in accordance with the Plan.
(c) “ Active Grantee ” means each Grantee who is actively employed by a Participating Company.
(d) “ Affiliate ” means, with respect to any Person, any other person that, directly or indirectly, is in control of, is controlled by, or is under
common control with, such Person. For purposes of this definition, the term “control,” including its correlative terms “controlled by” and “under
common control with,” mean, with respect to any Person, the possession, directly or indirectly, of the power to direct or cause the direction of
the management and policies of such Person, whether through the ownership of voting securities, by contract or otherwise.
(e) “ Annual Rate of Pay ” means, as of any date, an employee’s annualized base pay rate. An employee’s Annual Rate of Pay shall not
include sales commissions or other similar payments or awards.
(f) “ Applicable Interest Rate ” means:
-
2
-
2.
DEFINITIONS
(i) Except as otherwise provided in Paragraph 2(f)(ii) the Applicable Interest Rate means the interest rate that, when compounded
annually pursuant to rules established by the Committee from time to time, is mathematically equivalent to 8% per annum,
compounded annually, or such other interest rate established by the Committee from time to time. The effective date of any reduction
in the Applicable Interest Rate shall not precede the later of: (A) the 30 day following the date of the Committee’s action to
establish a reduced rate; or (B) the lapse of 24 full calendar months from the date of the most recent adjustment of the Applicable
Interest Rate by the Committee.
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