Comcast 2009 Annual Report Download - page 192

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not later than the 15 day of the third month beginning after calendar year in which the Grantee dies. The Award shall be calculated
based on the assumption that the applicable Targets were satisfied, and based on the Grantee’s compensation earned through the date
of the Grantee’s death.
(iii) Termination Because of Disability or Retirement
. If a Grantee terminates employment with the Company and its Affiliates
because of Disability or Retirement, the Company shall pay the Award to the Grantee at the same time that Awards are payable to
Grantees whose employment has not terminated. The Award shall be calculated based on the extent to which the applicable Targets
are actually satisfied for the calendar year in which the Grantee’s employment terminated, and based on the Grantee’s compensation
earned through the date of the Grantee’s termination of employment.
(f) Maximum Grant . In no event shall the amount paid to any Grantee pursuant to an Award for any Plan Year exceed $12 million.
(g) Shareholder Approval . The effectiveness of the grants of Section 162(m) Awards under the Plan relating to payments on the
satisfaction of the Quantitative Performance Standards established by the Committee from time to time shall be conditioned on the approval of
the Plan by the Company’s shareholders.
The Committee shall give Grantees at least thirty (30) days’ notice (or, if not practicable, such shorter notice as may be reasonably
practicable) prior to the anticipated date of the consummation of a Terminating Event. The Committee may, in its discretion, provide in such
notice that upon the consummation of such Terminating Event, any remaining conditions to payment of a Grantee’s Award shall be waived, in
whole or in part.
No Awards shall be granted for any period commencing after December 31, 2015, provided that the effectiveness of the grants of
Section 162(m) Awards under the Plan after December 31, 2010 relating to payments on the satisfaction of the Quantitative Performance
Standards established by the Committee from time to time shall be conditioned on the approval of the Plan by the Company’s shareholders. To
the extent that awards are or have been made pursuant to the terms of the 2002 CB Plan, the Executive Plan, the Supplemental Plan or the MAP,
the Committee may, in its discretion, treat such awards as Awards under this Plan. The Plan may be terminated by the Board or the Committee at
any time. The Plan may be amended by the Board or the Committee at any time. No Award shall be affected by any such termination or
amendment without the written consent of the Grantee.
(a) Unsecured Creditor Status
. A Grantee entitled to payment of an Award hereunder shall rely solely upon the unsecured promise of
the Company, as set forth herein, for the payment thereof, and nothing herein contained shall be construed to give to or vest
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7
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6.
TERMINATING EVENTS
7.
AMENDMENT AND TERMINATION
8.
MISCELLANEOUS PROVISIONS
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