Comcast 2010 Annual Report Download - page 141

(a) [RESERVED]
(b) “ Account ” means unfunded bookkeeping accounts established pursuant to Paragraph 8(h) and maintained by the Committee in the
names of the respective Grantees (i) to which Deferred Stock Units, dividend equivalents and earnings on dividend equivalents shall be credited
with respect to the portion of the Account allocated to the Company Stock Fund and (ii) to which an amount equal to the Fair Market Value of
Deferred Stock Units with respect to which a Diversification Election has been made and interest thereon are deemed credited, reduced by
distributions in accordance with the Plan.
(c) “ Active Grantee ” means each Grantee who is actively employed by a Participating Company.
(d) “ Affiliate ” means, with respect to any Person, any other person that, directly or indirectly, is in control of, is controlled by, or is under
common control with, such Person. For purposes of this definition, the term “control,” including its correlative terms “controlled by” and “under
common control with,” mean, with respect to any Person, the possession, directly or indirectly, of the power to direct or cause the direction of
the management and policies of such Person, whether through the ownership of voting securities, by contract or otherwise.
(e) “ Annual Rate of Pay ” means, as of any date, an employee’s annualized base pay rate. An employee’s Annual Rate of Pay shall not
include sales commissions or other similar payments or awards.
(f) “ Applicable Interest Rate ” means:
-
2
-
2.
DEFINITIONS
(i)
Except as otherwise provided in Paragraph 2(f)(ii),
(A) the Applicable Interest Rate with respect to amounts credited to the Income Fund that are attributable to Diversification
Elections and Special Diversification Elections made before January 1, 2010 shall be the interest rate that, when
compounded annually pursuant to rules established by the Committee from time to time, is mathematically equivalent to
8% per annum, compounded annually, or such other interest rate established by the Committee from time to time,
provided that
(B)
the Applicable Interest Rate with respect to amounts credited to the Income Fund that are attributable to Diversification
Elections and Special Diversification Elections made after December 31, 2009 shall be the “Applicable Interest Rate”
under the Comcast Corporation