Comcast 2009 Annual Report Download - page 198
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(bb) “ Shares ” means shares of Comcast Corporation Class A Common Stock, par value $0.01.
(cc) “ Successor-in-Interest ” means the Participant’s executor or administrator, or such other person or entity to which the Participant’s
rights under the Plan shall have passed by will or the laws of descent and distribution.
(dd) “ Terminating Event ” means any of the following events:
(1) the liquidation of the Company; or
(2) a Change of Control.
(ee) “ Third Party ” means any Person, together with such Person’s Affiliates, provided that the term “Third Party” shall not include the
Company or an Affiliate of the Company.
(ff) “ Termination Form ” means the written or electronic form acceptable to the Committee which an Employee shall use to discontinue
participation during an Offering Period pursuant to Paragraph 7(b).
(a) Eligibility . Except to the extent participation is restricted under Paragraph 3(b), each Eligible Employee shall be eligible to participate
in the Plan.
(b) Restrictions on Participation . Notwithstanding any provisions of the Plan to the contrary, no Employee shall be eligible to purchase
Shares in an Offering to the extent that:
(1) immediately after the purchase of Shares, such Employee would be a Five Percent Owner; or
(2) a purchase of Shares would permit such Employee’s rights to purchase stock under all employee stock purchase plans of the
Participating Companies which meet the requirements of section 423(b) of the Code to accrue at a rate which exceeds $25,000 in fair
market value (as determined pursuant to section 423(b)(8) of the Code) for each calendar year in which such right to purchase Shares is
outstanding.
(c) Commencement of Participation . An Eligible Employee shall become a Participant by completing an Election Form and filing it with
the Committee on or before the 15th day of the month immediately preceding the Offering Commencement Date for the first Offering to which
such Election Form applies. Payroll Deductions for a Participant shall commence on first payroll period ending after the applicable Offering
Commencement Date when his or her authorization for Payroll Deductions becomes effective, and shall end on the Plan Termination Date,
unless sooner terminated by the Participant pursuant to Paragraph 7(b).
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Eligibility and Participation
.