Comcast 2010 Annual Report Download - page 158

(l) Grantees’ Status as General Creditors . A Grantee’s right to delivery of Shares subject to an Election under this Paragraph 8, or to
amounts deemed invested in the Income Fund pursuant to a Diversification Election, shall at all times represent the general obligation of the
Company. The Grantee shall be a general creditor of the Company with respect to this obligation, and shall not have a secured or preferred
position with respect to such obligation. Nothing contained in the Plan or an Award shall be deemed to create an escrow, trust, custodial account
or fiduciary relationship of any kind. Nothing contained in the Plan or an Award shall be construed to eliminate any priority or preferred position
of a Grantee in a bankruptcy matter with respect to claims for wages.
(m) Non-Assignability, Etc . The right of a Grantee to receive Shares subject to an Election under this Paragraph 8, or to amounts deemed
invested in the Income Fund pursuant to a Diversification Election, shall not be subject in any manner to attachment or other legal process for the
debts of such Grantee; and no right to receive Shares or cash payments hereunder shall be subject to anticipation, alienation, sale, transfer,
assignment or encumbrance.
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(iii) Timing and Manner of Making Diversification Elections . Each Grantee and, in the case of a Deceased Grantee, the
Successor-in-Interest, may make a Diversification Election to convert up to 40 percent (or in the case of a Special
Diversification Election, up to the approved percentage) of Deferred Stock Units attributable to such Award credited to the
Company Stock Fund to the Income Fund. No deemed transfers shall be permitted from the Income Fund to the Company
Stock Fund. Diversification Elections under this Paragraph 8(k)(iii) shall be prospectively effective on the later of: (A) the
date designated by the Grantee on a Diversification Election filed with the Committee; or (B) the business day next following
the lapse of six months from the date Deferred Stock Units subject to the Diversification Election are credited to the Grantee’
s
Account. In no event may a Diversification Election be effective earlier than the business day next following the lapse of six
(6) months from the date Deferred Stock Units are credited to the Account following the lapse of restrictions with respect to
an Award.
(iv) Timing of Credits . Account balances subject to a Diversification Election under this Paragraph 8(k) shall be deemed
transferred from the Company Stock Fund to the Income Fund immediately following the effective date of such
Diversification Election. The value of amounts deemed invested in the Income Fund immediately following the effective date
of a Diversification Election shall be based on hypothetical sales of Common Stock or Special Common Stock, as applicable,
underlying the liquidated Deferred Stock Units at Fair Market Value as of the effective date of a Diversification Election.