Comcast 2010 Annual Report Download - page 128

3.2. Filing of Initial Election: General . An Initial Election shall be made on the form provided by the Administrator for this purpose.
Except as provided in Section 3.3, no such Initial Election shall be effective with respect to Compensation other than Performance-Based
Compensation unless it is filed with the Administrator on or before December 31 of the calendar year preceding the calendar year to which the
Initial Election applies. No such Initial Election shall be effective with respect to Performance-Based Compensation unless it is filed with the
Administrator at least six months before the end of the Performance Period during which such Performance-
Based Compensation may be earned.
3.3. Filing of Initial Election by New Key Employees and New Outside Directors .
(a) New Key Employees . Notwithstanding Section 3.1 and Section 3.2, a New Key Employee may elect to defer
Compensation by filing an Initial Election with respect to (i) base salary portion of his Compensation that he would otherwise be entitled to
receive based on services performed in the calendar year in which the New Key Employee was hired or promoted, beginning with the payroll
period next following the filing of an Initial Election with the Administrator and before the close of such calendar year, and (ii) the Performance-
Based Compensation that he would otherwise be entitled to receive based on services performed for Performance Periods that include the
calendar year in which the New Key Employee was hired or promoted and after the filing of the Initial Election. Such Initial Election must be
filed with the Administrator within 30 days of such New Key Employee’s date of hire or within 30 days of the date such New Key Employee
first becomes eligible to participate in the Plan. Any Initial Election by such New Key Employee for succeeding calendar years shall be made in
accordance with Section 3.1 and Section 3.2.
(b) New Outside Directors . Notwithstanding Section 3.1 and Section 3.2, an Outside Director may elect to defer
Compensation by filing an Initial Election with respect to his Compensation attributable to services provided as an Outside Director in the
calendar year in which an Outside Director’s election as a member of the Board becomes effective (provided that such Outside Director is not a
member of the Board immediately preceding such effective date), beginning with Compensation earned following the filing of an Initial Election
with the Administrator and before the close of such calendar year. Such Initial Election must be filed with the Administrator within 30 days of
the effective date of such Outside Director’s election. Any Initial Election by such Outside Director for succeeding calendar years shall be made
in accordance with Section 3.1 and Section 3.2
3.4. Calendar Years to which Initial Election May Apply
. A separate Initial Election may be made for each calendar year as to which
an Outside Director or Eligible Employee desires to defer such Outside Director’s or Eligible Employee’s Compensation. The failure of an
Outside Director or Eligible Employee to make an Initial Election for any calendar year shall not affect such Outside Director’s or Eligible
Employee’s right to make an Initial Election for any other calendar year.
(a) Initial Election of Distribution Date
. Each Outside Director or Eligible Employee shall, contemporaneously with an Initial
Election, also elect the time of payment of the amount of the deferred Compensation to which such Initial Election relates;
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