Comcast 2009 Annual Report Download - page 179

(l) Effect of Distributions within Five Years of Effective Date of Diversification Election . If, pursuant to Paragraphs 8(a) through 8(d),
Shares distributable with respect to Deferred Stock Units credited to the Company Stock Fund that are attributable to an Award as to which a
Diversification Election was made are distributed on or before the fifth anniversary of the effective date of such Diversification Election (and, in
the case of a Grantee who is a Successor-in-Interest, whether or not such Diversification Election was made by a Grantee’s predecessor-in-
interest), then, except as to the extent such distribution would constitute an impermissible acceleration of the time of payment under
Section 409A, or as may otherwise be provided by the Committee in its
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(ii) Committee Approval of Special Diversification Elections . The opportunity to make a Special Diversification Election and the extent
to which a Special Diversification Election applies to Deferred Stock Units credited to the Company Stock Fund may be approved or
rejected by the Committee in its sole discretion. A Special Diversification Election shall only be effective if (and to the extent)
approved by the Committee.
(iii) Timing and Manner of Making Diversification Elections . Each Grantee and, in the case of a Deceased Grantee, the Successor-in-
Interest, may make a Diversification Election to convert up to 40 percent (or in the case of a Special Diversification Election, up to
the approved percentage) of Deferred Stock Units attributable to such Award credited to the Company Stock Fund to the Income
Fund. No deemed transfers shall be permitted from the Income Fund to the Company Stock Fund. Diversification Elections under
this Paragraph 8(k)(iii) shall be prospectively effective on the later of: (A) the date designated by the Grantee on a Diversification
Election filed with the Committee; or (B) the business day next following the lapse of six months from the date Deferred Stock Units
subject to the Diversification Election are credited to the Grantee’s Account. In no event may a Diversification Election be effective
earlier than the business day next following the lapse of six (6) months from the date Deferred Stock Units are credited to the
Account following the lapse of restrictions with respect to an Award.
(iv) Timing of Credits
. Account balances subject to a Diversification Election under this Paragraph 8(k) shall be deemed transferred from
the Company Stock Fund to the Income Fund immediately following the effective date of such Diversification Election. The value of
amounts deemed invested in the Income Fund immediately following the effective date of a Diversification Election shall be based
on hypothetical sales of Common Stock or Special Common Stock, as applicable, underlying the liquidated Deferred Stock Units at
Fair Market Value as of the effective date of a Diversification Election.