Comcast 2009 Annual Report Download - page 175

(b) Effect of Failure of Vesting Date to Occur . An Election shall be null and void if a Vesting Date with respect to the Restricted Stock or
Restricted Stock Units does not occur before the distribution date for Shares issuable with respect to such Restricted Stock or Restricted Stock
Units identified in such Election.
(c) Deferral Period . Except as otherwise provided in Paragraph 8(d), all Shares issuable with respect to Restricted Stock or Restricted
Stock Units that are subject to an Election shall be delivered to the Grantee (or the Grantee’s Successor-in-Interest) without any legend or
restrictions (except those that may be imposed by the Committee, in its sole judgment, under Paragraph 9(a)), on the distribution date for such
Shares designated by the Grantee on the most recently filed Election. Subject to acceleration or deferral pursuant to Paragraph 8(d) or Paragraph
11, no distribution may be made earlier than January 2nd of the third calendar year beginning after the Vesting Date, nor later than January 2nd
of the eleventh calendar year beginning after the Vesting Date. The distribution date may vary with each separate Election.
(d) Additional Elections . Notwithstanding anything in this Paragraph 8(d) to the contrary, no Subsequent Election shall be effective until
12 months after the date on which such Subsequent Election is made.
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15
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(i)
Each Active Grantee who has previously made an Initial Election to receive a distribution of part or all of his or her Account, or who,
pursuant to this Paragraph 8(d)(i) has made a Subsequent Election to defer the distribution date for Shares issuable with respect to
Restricted Stock or Restricted Stock Units for an additional period from the originally-
elected distribution date, may elect to defer the
distribution date for a minimum of five and a maximum of ten additional years from the previously-
elected distribution date, by filing
a Subsequent Election with the Committee on or before the close of business at least one year before the date on which the
distribution would otherwise be made.
(ii)
A Deceased Grantee
’
s Successor
-
in
-
Interest may elect to: (A) file a Subsequent Election to defer the distribution date for the
Deceased Grantee’s Shares issuable with respect to Restricted Stock or Restricted Stock Units for five additional years from the date
payment would otherwise be made; or (B) file an Acceleration Election to accelerate the distribution date for the Deceased Grantee’s
Shares issuable with respect to Restricted Stock or Restricted Stock Units from the date payment would otherwise be made to a date
that is as soon as practicable following the Deceased Grantee’s death. A Subsequent Election must be filed with the Committee at
least one year before the date on which the distribution would otherwise be made, as reflected on the Deceased Grantee’s last
Election. An Acceleration Election pursuant to this Paragraph 8(d)(ii) must be filed with the Committee as soon as practicable
following the Deceased Grantee
’
s death, as determined by the Committee.