Comcast 2010 Annual Report Download - page 142

The effective date of any reduction in the Applicable Interest Rate shall not precede the later of: (A) the 30 day following
the date of the Committee’s action to establish a reduced rate; or (B) the lapse of 24 full calendar months from the date of the
most recent adjustment of the Applicable Interest Rate by the Committee.
(g) “ AT&T Broadband Transaction ” means the acquisition of AT&T Broadband Corp. (now known as Comcast Cable Communications,
LLC) by the Company.
(h) “ Award ” means an award of Restricted Stock or Restricted Stock Units granted under the Plan.
(i) “ Board ” means the Board of Directors of the Company.
(j) “ Change of Control ” means:
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2005 Deferred Compensation Plan as in effect for active participants in such Plan from time to time.
(ii) Effective for the period extending from a Grantee’s employment termination date to the date the Grantee’s Account is
distributed in full, the Committee, in its sole and absolute discretion, may designate the term “Applicable Interest Rate” for
such Grantee’s Account to mean the lesser of: (A) the rate in effect under Paragraph 2(f)(i) or (B) the interest rate that, when
compounded annually pursuant to rules established by the Committee from time to time, is mathematically equivalent to the
Prime Rate plus one percent, compounded annually as of the last day of the calendar year. Notwithstanding the foregoing, the
Committee may delegate its authority to determine the Applicable Interest Rate under this Paragraph 2(f)(ii) to an officer of
the Company or committee of two or more officers of the Company.
(i) For all purposes of the Plan other than Paragraph 8, any transaction or series of transactions as a result of which any Person
who was a Third Party immediately before such transaction or series of transactions owns then-outstanding securities of the
Company such that such Person has the ability to direct the management of the Company, as determined by the Board in its
discretion. The Board may also determine that a Change of Control shall occur upon the completion of one or more proposed
transactions. The Board
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s determination shall be final and binding.
(ii)
For purposes of Paragraph 8, any transaction or series of transactions that constitutes a change in the ownership or effective
control or a change in the ownership of a substantial portion of the assets of the Company, within the meaning of
Section 409A.
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