Comcast 2010 Annual Report Download - page 134

(ii) a Participant may, during the period extending from January 1, 2008 to December 31, 2008, with respect to all or
any portion of his or her account under the 2005 Plan that is scheduled to be paid after December 31, 2008, and with respect to all or any portion
of his or her account under the Prior Plan that is scheduled to be paid after December 31, 2008, make new payment elections as to the form and
timing of payment of such amounts as may be permitted under this Plan, provided that following the completion of such new payment election,
amounts previously credited under the Prior Plan shall not be treated as grandfathered benefits under the Prior Plan, but instead shall be treated
as non-grandfathered benefits, subject to the rules of this Plan, and provided that no portion of the benefit subject to such an election shall be
payable before January 1, 2009.
ARTICLE 5 – BOOK ACCOUNTS
5.1. Deferred Compensation Account . A deferred Compensation Account shall be established for each Outside Director and Eligible
Employee when such Outside Director or Eligible Employee becomes a Participant. Compensation deferred pursuant to the Plan shall be
credited to the Account on the date such Compensation would otherwise have been payable to the Participant.
5.2. Crediting of Income, Gains and Losses on Accounts .
(a) In General . Except as otherwise provided in this Section 5.2, the Administrator shall credit income, gains and losses with
respect to each Participant’s Account as if it were invested in the Income Fund.
(b) Investment Fund Elections . Except for amounts credited to the Accounts of Participants who are Outside Directors who
have elected to defer the receipt of Compensation payable in the form of Company Stock, all amounts credited to Participants’
Accounts shall be
credited with income, gains and losses as if it were invested in the Income Fund.
(c) Outside Director Stock Fund Credits . Amounts credited to the Accounts of Outside Directors in the form of Company
Stock shall be credited with income, gains and losses as if they were invested in the Company Stock Fund. No portion of such Participant’s
Account may be deemed transferred to the Income Fund. Distributions of amounts credited to the Company Stock Fund with respect to Outside
Directors’ Accounts shall be distributable in the form of Company Stock, rounded to the nearest whole share.
(d) Timing of Credits . Compensation deferred pursuant to the Plan shall be deemed invested in the Income Fund on the date
such Compensation would otherwise have been payable to the Participant, provided that if (i) Compensation would otherwise have been payable
to a Participant on a Company payroll date that falls within five days of the end of a calendar month, and (ii) based on the Administrator’s
regular administrative practices, it is not administratively practicable for the Administrator to transmit the deferred amount of such
Compensation to the Plan’s recordkeeper on or before the last day of the month, such deferred amount shall not be deemed invested in the
Income Fund until the first day of the calendar month next following such Company payroll date. Accumulated Account balances subject to an
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