Comcast 2010 Annual Report Download - page 130

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 Beneficiary shall specify the deferral of 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. A Beneficiary may
make one (1) Subsequent Election under this Section 3.5(d)(i), with respect to all or any part of the Deceased Participant’s Account. Subsequent
Elections pursuant to this Section 3.5(d)(i) may specify different changes with respect to different parts of the Deceased Participant’s Account.
(e) Retired Participants and Disabled Participants . The Committee may, in its sole and absolute discretion, permit a Retired
Participant or a Disabled Participant to make a Subsequent Election to defer the time of payment of any part or all of such Retired or Disabled
Participant’s Account that would not otherwise become payable within twelve (12) months of such Subsequent Election for a minimum of five
(5) years and a maximum of ten (10) additional years from the previously-elected payment date, by filing a Subsequent Election with the
Administrator on or before the close of business on the date that is at least twelve (12) months before the date on which the lump-sum
distribution or initial installment payment would otherwise be made. The number of Subsequent Elections under this Section 3.5(f) shall be
determined by the Committee in its sole and absolute discretion.
(f) Most Recently Filed Initial Election or Subsequent Election Controlling . Except as otherwise specifically provided by the
Plan, no distribution of the amounts deferred by a Participant for any calendar year shall be made before the payment date designated by the
Participant or Beneficiary on the most recently filed Initial Election or Subsequent Election with respect to each deferred amount.
3.6. Discretion to Provide for Distribution in Full Upon or Following a Change of Control
. To the extent permitted by Section 409A,
in connection with a Change of Control, and for the 12-month period following a Change of Control, the Committee may exercise its discretion
to terminate the Plan and, notwithstanding any other provision of the Plan or the terms of any Initial Election or Subsequent Election, distribute
the Account balance of each Participant in full and thereby effect the revocation of any outstanding Initial Elections or Subsequent Elections.
3.7. Withholding and Payment of Death Taxes .
(a) Notwithstanding any other provisions of this Plan to the contrary, including but not limited to the provisions of Article 3
and Article 7, or any Initial or Subsequent Election filed by a Deceased Participant or a Deceased Participant’s Beneficiary (for purposes of this
Section, the “Decedent”), and to the extent permitted by Section 409A, the Administrator shall apply the terms of Section 3.7(b) to the
Decedent’s Account unless the Decedent affirmatively has elected, in writing, filed with the Administrator, to waive the application of
Section 3.7(b).
(b) Unless the Decedent affirmatively has elected, pursuant to Section 3.7(a), that the terms of this Section 3.7(b) not apply,
but only to the extent permitted under Section 409A:
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