Comcast 2010 Annual Report Download - page 144

Notwithstanding anything in this Paragraph 2(s) to the contrary, effective and contingent upon the closing of the transactions contemplated by
the Master Agreement, except as otherwise provided by the Committee or its delegate, no Grantee who is an employee of NBC Universal, LLC
and its subsidiaries (collectively, “NBC Universal”) shall be a Deferral Eligible Employee with respect to any Award granted to such Grantee on
or after the closing of the transactions contemplated by the Master Agreement. For this purpose, the term “Master Agreement” means the Master
Agreement, dated as of December 3, 2009, by and among: General Electric Company, a New York corporation; NBC Universal, Inc, a Delaware
corporation; Comcast; and, Navy, LLC, a Delaware limited liability company.
(t) “ Deferred Stock Units ” means the number of hypothetical Shares subject to an Election.
(u) “ Disability ” means:
(v) “ Disabled Grantee ” means:
(w) “ Diversification Election ” means a Grantee’s election to have a portion of the Grantee’s Account credited in the form of Deferred
Stock Units and attributable to
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5
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(ii) An Eligible Employee whose Annual Rate of Pay is $125,000 as of each of: (A) June 30, 2002; (B) the date on which an
Initial Election is filed with the Committee; and (C) the first day of each calendar year beginning after December 31, 2002.
(iii)
Each New Key Employee.
(iv) Each other employee of a Participating Company who is designated by the Committee, in its sole and absolute discretion, as a
Deferral Eligible Employee.
(i) A Grantee’s substantial inability to perform Grantee’s employment duties due to partial or total disability or incapacity
resulting from a mental or physical illness, injury or other health-related cause for a period of 12 consecutive months or for a
cumulative period of 52 weeks in any two calendar year period; or
(ii)
If different from the definition in Paragraph 2(u)(i) above,
“
Disability
”
as it may be defined in such Grantee
’
s employment
agreement between the Grantee and the Company or an Affiliate, if any.
(i)
A Grantee whose employment by a Participating Company is terminated by reason of Disability;
(ii)
The duly
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appointed legal guardian of an individual described in Paragraph 2(v)(i) acting on behalf of such individual.