Comcast 2009 Annual Report Download - page 190
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Awards may be granted only to Eligible Employees of the Company and its Affiliates, as determined by the Committee. No Awards
shall be granted to an individual who is not an Eligible Employee of the Company or an Affiliate of the Company.
The Committee may grant Awards in accordance with the Plan. The terms and conditions of Awards shall be as determined from
time to time by the Committee, consistent, however, with the following:
(a) Time of Grant
. Awards may be granted at any time from the date of adoption of the Plan by the Board until the Plan is terminated
by the Board or the Committee.
(b) Non-uniformity of Awards . The provisions of Awards need not be the same with respect to each Grantee.
(c) Establishment of Targets and Conditions to Payment of Awards .
(i) Awards shall be expressed as a percentage of a Grantee’s base salary.
(ii) The Committee shall establish such conditions on the payment of a bonus pursuant to an Award as it may, in its sole discretion,
deem appropriate.
(iii) The Award may provide for the payment of Awards in installments, or upon the satisfaction of Qualitative Performance
Standards or Quantitative Performance Standards, on an individual, divisional or Company-wide basis, as determined by the Committee.
(iv) For any Section 162(m) Award, the Committee shall establish the Targets for each Plan Year no later than 90 days after the first
day of the Plan Year, or, if sooner, within the first 25% of the Plan Year, provided, however, that the Committee must determine that, as of
the date the Quantitative Performance Standards are established, it is substantially uncertain whether the Quantitative Performance
Standards will be achieved.
(v) Each Grantee shall be entitled to receive payment of the Award for a Plan Year only after certification by the Committee that the
Targets established by the Committee for such Plan Year have been satisfied. The Company shall pay the Awards under the Plan to each
Grantee as soon as reasonably practicable following the end of each Plan Year, but not later than 2-1/2 months following the close of such
Plan Year.
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5
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4.
ELIGIBILITY
5.
AWARDS