Comcast 2009 Annual Report Download - page 196

(i) “ Compensation ” means an Eligible Employee’s wages as reported on Form W-2 ( i.e. , wages as defined in section 3401(a) of the
Code and all other payments of compensation for which the Participating Company is required to furnish the employee a written statement under
sections 6041(d) and 6051(a)(3) of the Code) from a Participating Company, reduced by reimbursements or other expense allowances, fringe
benefits (cash and non-cash), moving expenses, deferred compensation, and welfare benefits, but including salary reduction contributions and
elective contributions that are not includible in gross income under sections 125 or 402(a)(8) of the Code.
(j) “ Election Form ” means the written or electronic form acceptable to the Committee which an Eligible Employee shall use to make an
election to purchase Shares through Payroll Deductions pursuant to the Plan.
(k) “ Eligible Employee ” means an Employee who is not an Ineligible Employee.
(l) “ Eligible Employer ” means the Company and any subsidiary of the Company, within the meaning of section 424(f) of the Code.
(m) “ Employee ” means a person who is an employee of a Participating Company.
(n) “ Fair Market Value ” means the closing price per Share on the principal national securities exchange on which the Shares are listed or
admitted to trading or, if not listed or traded on any such exchange, on the National Market System of the National Association of Securities
Dealers Automated Quotation System (“NASDAQ”), or if not listed or traded on any such exchange or system, the fair market value as
reasonably determined by the Board or the Committee, which determination shall be conclusive.
(o) “ Five Percent Owner ” means an Employee who, with respect to a Participating Company, is described in section 423(b)(3) of the
Code.
(p) “ Ineligible Employee ” means an Employee who, as of an Offering Commencement Date:
(1) is a Five Percent Owner;
(2) has been continuously employed by a Participating Company on a full-time basis for less than 90 days;
(3) has been continuously employed by a Participating Company on a part-time basis for less than one year; or
(4) is restricted from participating under Paragraph 3(b).
For purposes of this Paragraph 2(p), an Employee is employed on a part-time basis if the Employee customarily works less than 20 hours per
week. For purposes of this Paragraph 2(p), an Employee is employed on a full-time basis if the Employee customarily works 20 or more hours
per week.
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