Comcast 2010 Annual Report Download - page 124

November 18, 2002) with respect to whom an account was maintained, and (ii) for the period beginning on December 31, 2002 and extending
through any date of determination, has been actively and continuously in service to the Company or an Affiliate.
2.24. “ Hardship ” means an “unforeseeable emergency,” as defined in Section 409A. The Committee shall determine whether the
circumstances of the Participant constitute an unforeseeable emergency and thus a Hardship within the meaning of this Paragraph 2.24.
Following a uniform procedure, the Committee’s determination shall consider any facts or conditions deemed necessary or advisable by the
Committee, and the Participant shall be required to submit any evidence of the Participant’s circumstances that the Committee requires. The
determination as to whether the Participant’s circumstances are a case of Hardship shall be based on the facts of each case; provided however,
that all determinations as to Hardship shall be uniformly and consistently made according to the provisions of this Paragraph 2.24 for all
Participants in similar circumstances.
2.25. “ Inactive Participant ” means each Participant (other than a Retired Participant, Deceased Participant or Disabled Participant)
who is not in active service as an Outside Director and is not actively employed by a Participating Company.
2.26. “ Income Fund ” means a hypothetical investment fund pursuant to which income, gains and losses are credited to a
Participant’s Account as if the Account, to the extent deemed invested in the Income Fund, were credited with interest at the Applicable Interest
Rate.
2.27. “ Initial Election ” means a written election on a form provided by the Administrator, filed with the Administrator in
accordance with Article 3, pursuant to which an Outside Director or an Eligible Employee may:
(a) Elect to defer any portion of the Compensation payable for the performance of services as an Outside Director or as an
Eligible Employee following the time that such election is filed, provided that the maximum amount of Base Salary available for deferral shall
be determined net of required withholdings and deductions as determined by the Administrator in its sole discretion, but shall in no event be less
than 85% of the Participant’s Base Salary; and
(b) Designate the time of payment of the amount of deferred Compensation to which the Initial Election relates.
2.28. “ New Key Employee ” means each employee of a Participating Company:
(a) who becomes an employee of a Participating Company and has an Annual Rate of Pay of $200,000 or more as of his
employment commencement date, or
(b) who has an Annual Rate of Pay that is increased to $200,000 or more and who, immediately preceding such increase, was
not an Eligible Employee.
2.29. “ Normal Retirement ” means:
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