Comcast 2009 Annual Report Download - page 174

(h) Delivery of Shares . For purposes of the Plan, the Company may satisfy its obligation to deliver Shares issuable under the Plan either
by (i) delivery of a physical certificate for Shares issuable under the Plan or (ii) arranging for the recording of Grantee’s ownership of Shares
issuable under the Plan on a book entry recordkeeping system maintained on behalf of the Company. Except as otherwise provided by Paragraph
8, when a Vesting Date occurs with respect to all or a portion of an Award of Restricted Stock or Restricted Stock Units, the Company shall
notify the Grantee that a Vesting Date has occurred, and shall deliver to the Grantee (or the Grantee’s Successor-in-
Interest) Shares as to which a
Vesting Date has occurred (or in the case of Restricted Stock Units, the number of Shares represented by such Restricted Stock Units) without
any legend or restrictions (except those that may be imposed by the Committee, in its sole judgment, under Paragraph 9(a)). The right to
payment of any fractional Shares that may have accrued shall be satisfied in cash, measured by the product of the fractional amount times the
Fair Market Value of a Share at the Vesting Date, as determined by the Committee.
A Grantee may elect to defer the receipt of Shares that would otherwise be issuable with respect to Restricted Stock or Restricted Stock
Units as to which a Vesting Date has occurred, as provided by the Committee in the Award, consistent, however, with the following:
(a) Initial Election .
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8.
DEFERRAL ELECTIONS
(i)
Election
. Each Grantee who is a Non
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Employee Director or a Deferral Eligible Employee shall have the right to defer the receipt of
some or all of the Shares issuable with respect to Restricted Stock or Restricted Stock Units as to which a Vesting Date has not yet
occurred, by filing an Initial Election to defer the receipt of such Shares on a form provided by the Committee for this purpose.
(ii) Deadline for Initial Election . No Initial Election to defer the receipt of Shares issuable with respect to Restricted Stock or Restricted
Stock Units that are not Performance-Based Compensation shall be effective unless it is filed with the Committee on or before the 30
day following the Date of Grant and 12 or more months in advance of the applicable Vesting Date. No Initial Election to defer the
receipt of Shares issuable with respect to Restricted Stock or Restricted Stock Units that are Performance-Based Compensation shall
be effective unless it is filed with the Administrator at least six months before the end of the Performance Period during which such
Performance
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Based Compensation may be earned.
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