Comcast 2009 Annual Report Download - page 201

(a) Maximum Number of Shares; Adjustments . Subject to adjustment as provided in this Paragraph 9, not more than 15,375,000 Shares in
the aggregate may be issued pursuant to the Plan pursuant to Offerings under the Plan, including Offerings commenced since the Plan first
became effective as the Comcast Corporation 2001 Employee Stock Purchase Plan, provided that subject to the approval of the Company’s
shareholders at the Company’s Annual Meeting of Shareholders to be held in 2009, the number of Shares in the aggregate that may be issued
under the Plan, pursuant to the grant of Awards, subject to adjustment in accordance with this Paragraph 9, shall be increased from 15,375,000 to
26,500,000. Shares delivered pursuant to the Plan may, at the Company’s option, be either treasury Shares or Shares originally issued for such
purpose. In the event that Shares are changed into or exchanged for a different number or kind of shares of stock or other securities of the
Company, whether through merger, consolidation, reorganization, recapitalization, stock dividend, stock split-up or other substitution of
securities of the Company, the Board or the Committee shall make appropriate equitable anti-dilution adjustments to the number and class of
shares of stock available for issuance under the Plan, to the number and class of shares of stock subject to outstanding Offerings and to the
Purchase Price. Any reference to the Purchase Price in the Plan and in any related documents shall be a reference to the Purchase Price as so
adjusted. Any reference to the term “Shares”
in the Plan and in any related documents shall be a reference to the appropriate number and class of
shares of stock available for issuance under the Plan, as adjusted pursuant to this Paragraph 9. The Board’s or the Committee’s adjustment shall
be effective and binding for all purposes of this Plan. All Shares issued pursuant to the Plan shall be validly issued, fully paid and nonassessable.
(b) Participant’s Interest in Shares . A Participant shall have no interest in Shares offered under the Plan until Shares are credited to the
Participant’s Brokerage Account.
(c) Crediting of Shares to Brokerage Account . Shares purchased under the Plan shall be credited to the Participant’
s Brokerage Account as
soon as practicable following the Offering Termination Date.
(d) Restrictions on Purchase . The Board or the Committee may, in its discretion, require as conditions to the purchase of any Shares under
the Plan such conditions as it may deem necessary to assure that such purchase of Shares is in compliance with applicable securities laws.
The Participating Companies shall pay all fees and expenses incurred (excluding individual Federal, state, local or other taxes) in
connection with the Plan. No charge or deduction for any such expenses will be made to a Participant upon the termination of his or her
participation under the Plan or upon the distribution of certificates representing Shares purchased with his or her Payroll Deductions.
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9.
Shares
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10.
Expenses
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