Comcast 2009 Annual Report Download - page 199

The Plan shall be implemented by a series of Offerings that shall commence after Offerings have been authorized by the Board or the
Committee, and terminate on the Plan Termination Date. Offerings shall be made with respect to Compensation accumulated during each
Offering Period for the period commencing with the first day of the first Offering Period (when such Offering Period is authorized by the Board
or the Committee) and ending with the Plan Termination Date. Shares available for any Offering shall be the difference between the maximum
number of Shares that may be issued under the Plan, as determined pursuant to Paragraph 8(a), for all of the Offerings, less the actual number of
Shares purchased by Participants pursuant to prior Offerings. If the total number of Shares subject to purchase under the Plan on any Offering
Termination Date exceeds the maximum number of Shares available, the Board or the Committee shall make a pro rata allocation of Shares
available for delivery and distribution in as nearly a uniform manner as practicable, and as it shall determine to be fair and equitable, and the
unapplied Account balances shall be returned to Participants as soon as practicable following the Offering Termination Date.
(a) Amount of Payroll Deductions
. On the Election Form, an Eligible Employee may elect to have Payroll Deductions of not more than 15
percent of Compensation earned for each payroll period ending within the Offering Period, subject to the limitation that the maximum amount of
Payroll Deductions for any Eligible Employee for any calendar year shall not exceed $10,000. The rules established by the Committee regarding
Payroll Deductions, as reflected on the Election Form, shall be consistent with section 423(b)(5) of the Code.
(b) Participants’ Accounts . All Payroll Deductions with respect to a Participant pursuant to Paragraph 5(a) shall be credited to the
Participant’s Account under the Plan.
(c) Changes in Payroll Deductions . A Participant may discontinue Payroll Deductions during an Offering Period by providing a
Termination Form to the Committee at any time before the Offering Termination Date applicable to any Offering. No other change can be made
during an Offering, including, but not limited to, changes in the amount of Payroll Deductions for such Offering. A Participant may change the
amount of Payroll Deductions for subsequent Offerings by giving written notice (or notice in another form pursuant to procedures established by
the Committee) of such change to the Committee on or before the 15th day of the month immediately preceding the Offering Commencement
Date for the Offering for which such change is effective.
(a) In General . On each Offering Termination Date, each Participant shall be deemed to have purchased a number of whole Shares equal
to the quotient obtained by dividing the balance credited to the Participant’
s Account as of the Offering Termination Date, by the Purchase Price,
rounded to the next lowest whole Share. Shares deemed purchased by a Participant under the Plan shall be credited to the Participant’s
Brokerage Account as soon as practicable following the Offering Termination Date.
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5
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4.
Shares Per Offering
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5.
Payroll Deductions
.
6.
Purchase of Shares
.