Comcast 2010 Annual Report Download - page 129

provided, however, that, except as otherwise specifically provided by the Plan, no distribution may commence earlier than January 2nd of the
second calendar year beginning after the date the compensation subject to the Initial Election would be paid but for the Initial Election, nor later
than January 2nd of the tenth calendar year beginning after the date the date the compensation subject to the Initial Election would be paid but
for the Initial Election. Further, each Outside Director or Eligible Employee may select with each Initial Election the manner of distribution in
accordance with Article 4.
3.5. Subsequent Elections . No Subsequent Election shall be effective until 12 months after the date on which such Subsequent
Election is made.
(a) Active Participants . Each Active Participant, who has made an Initial Election, or who has made a Subsequent Election,
may elect to defer the time of payment of any part or all of such Participant’s Account for a minimum of five and a maximum of ten additional
years from the previously
-elected payment date, by filing a Subsequent Election with the Administrator at least 12 months before the lump-sum
distribution or initial installment payment would otherwise be made. The number of Subsequent Elections under this Section 3.5(a) shall not be
limited.
(b) Inactive Participants . The Committee may, in its sole and absolute discretion, permit an Inactive Participant to make a
Subsequent Election defer the time of payment of any part or all of such Inactive Participant’s Account for a minimum of five years and a
maximum of ten additional years from the previously-elected payment date, by filing a Subsequent Election with the Administrator at least 12
months before the lump-sum distribution or initial installment payment would otherwise be made. The number of Subsequent Elections under
this Section 3.5(b) shall be determined by the Committee in its sole and absolute discretion.
(c) Surviving Spouses .
(i) Subsequent Election . A Surviving Spouse who is a Deceased Participant’
s Beneficiary may elect to defer the time of
payment of any part or all of such Deceased Participant’s Account the payment of which would be made more than 12 months after the date of
such election. Such election shall be made by filing a Subsequent Election with the Administrator in which the Surviving Spouse shall specify
the change in the time of payment, which shall be no less than five (5) years nor more than ten (10) years from the previously-elected payment
date, or such Surviving Spouse may elect to defer payment until such Surviving Spouse’s death. A Surviving Spouse may make a total of two
(2) Subsequent Elections under this Section 3.5(c)(ii), with respect to all or any part of the Deceased Participant’
s Account. Subsequent Elections
pursuant to this Section 3.5(c)(ii) may specify different changes with respect to different parts of the Deceased Participant’s Account.
(d) Beneficiary of a Deceased Participant Other Than a Surviving Spouse.
(i) Subsequent Election . A Beneficiary of a Deceased Participant other than a Surviving Spouse may elect to defer the
time of payment, of any part or
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