Comcast 2009 Annual Report Download - page 178

(j) Crediting of Income, Gains and Losses on Accounts . Except as otherwise provided in Paragraph 8(k), the value of a Grantee’s Account
as of any date shall be determined as if it were invested in the Company Stock Fund.
(k) Diversification Elections .
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(ii) The Administrator may, with a Grantee’s consent, make such arrangements as it may deem appropriate to assume another employer’
s
obligation to pay benefits with respect to such Grantee which have not become payable under the deferred compensation plan,
program or arrangement under which such future right to payment arose, to the Plan, or to assume a future payment obligation of the
Company or an Affiliate under another plan, program or arrangement sponsored by the Company or an Affiliate. Upon the
completion of the Plan’s assumption of such payment obligation, the Administrator shall establish an Account for such Grantee, and
the Account shall be subject to the rules of this Plan, as in effect from time to time.
(iii)
Pursuant to rules established under Section 409A relating to certain
“
Transition Elections,
”
to the extent provided by the Committee
or its delegate, a Grantee may, on or before December 31, 2008, (A) with respect to all or any portion of his or her Grandfathered
Amount under the Plan as in effect on December 31, 2004 that is scheduled to commence to be distributed under the Plan after
December 31, 2008, and (B) with respect to any other amount credited to a Grantee’s Account that is scheduled to commence to be
distributed under the Plan after December 31, 2008, make new payment elections as to the form and timing of payment of such
amounts as may be permitted under this Plan, provided that (C) commencement of any distribution under such new payment election
may not occur before January 1, 2009 and (D) with respect to any Grandfathered Amount, following the completion of such new
payment election, such amounts shall not be treated as a Grandfathered Amount, but instead shall be treated as a non-Grandfathered
Amount, subject to the rules of this Plan.
(i) In General . A Diversification Election shall be available: (A) at any time that a Registration Statement filed under the 1933 Act (a
“Registration Statement”)
is effective with respect to the Plan; and (B) with respect to a Special Diversification Election, if and to the
extent that the opportunity to make such a Special Diversification Election has been approved by the Committee. No approval is
required for a Diversification Election other than a Special Diversification Election.