Comcast 2010 Annual Report Download - page 153

Grantee shall not be permitted to sell, transfer, pledge or assign Restricted Stock or Restricted Stock Units awarded under the Plan.
(e) Vesting/Lapse of Restrictions . Subject to the provisions of the Plan and the Award, a Vesting Date for Restricted Stock or Restricted
Stock Units subject to an Award shall occur at such time or times and on such terms and conditions as the Committee may determine and as are
set forth in the Award; provided, however, that except as otherwise provided by the Committee, a Vesting Date shall occur only if the Grantee is
an employee of a Participating Company as of such Vesting Date, and has been an employee of a Participating Company continuously from the
Date of Grant. The Award may provide for Restricted Stock or Restricted Stock Units to vest in installments, as determined by the Committee.
The Committee may, in its sole discretion, waive, in whole or in part, any remaining conditions to vesting with respect to such Grantee’s
Restricted Stock or Restricted Stock Units, provided that for avoidance of doubt, such unilateral discretion shall not apply to any grant of rights
that is designated as intended to satisfy the rules for performance-based compensation under section 162(m) of the Code. All references to
Shares in Awards granted before the consummation of the AT&T Broadband Transaction as to which a Vesting Date has not occurred shall be
deemed to be references to Special Common Stock.
(f) Rights of the Grantee . Grantees may have such rights with respect to Shares subject to an Award as may be determined by the
Committee and set forth in the Award, including the right to vote such Shares, and the right to receive dividends paid with respect to such
Shares. A Grantee whose Award consists of Restricted Stock Units shall not have the right to vote or to receive dividend equivalents with respect
to such Restricted Stock Units.
(g) Termination of Grantee’s Employment . A transfer of an Eligible Employee between two employers, each of which is a Participating
Company, shall not be deemed a termination of employment. In the event that a Grantee terminates employment with all Participating
Companies, all Restricted Shares and/or Restricted Stock Units as to which a Vesting Date has not occurred shall be forfeited by the Grantee and
deemed canceled by the Company.
(h) Delivery of Shares . For purposes of the Plan, the Company may satisfy its obligation to deliver Shares issuable under the Plan either
by (i) delivery of a physical certificate for Shares issuable under the Plan or (ii) arranging for the recording of Grantee’s ownership of Shares
issuable under the Plan on a book entry recordkeeping system maintained on behalf of the Company. Except as otherwise provided by Paragraph
8, when a Vesting Date occurs with respect to all or a portion of an Award of Restricted Stock or Restricted Stock Units, the Company shall
notify the Grantee that a Vesting Date has occurred, and shall deliver to the Grantee (or the Grantee’s Successor-in-
Interest) Shares as to which a
Vesting Date has occurred (or in the case of Restricted Stock Units, the number of Shares represented by such Restricted Stock Units) without
any legend or restrictions (except those that may be imposed by the Committee, in its sole judgment, under Paragraph 9(a)). The right to
payment of any fractional Shares that may have accrued shall be satisfied in cash, measured by the product of the fractional amount
-
14
-