Comcast 2012 Annual Report Download - page 149

based on the facts of each case; provided however, that all determinations as to Hardship shall be uniformly and consistently made according to
the provisions of this Section 2.29 for all Participants in similar circumstances.
2.30. “ Inactive Participant ” means each Participant (other than a Retired Participant, Deceased Participant or Disabled Participant) who is
not in active service as an Outside Director or Director Emeritus and is not actively employed by a Participating Company.
2.31. “ Income Fund ” means a hypothetical investment fund pursuant to which income, gains and losses are credited to a Participant’s
Account as if the Account, to the extent deemed invested in the Income Fund, were credited with interest at the Applicable Interest Rate.
2.32. “ Initial Election .”
(a) Outside Directors and Directors Emeriti . With respect to Outside Directors and Directors Emeriti, the term “Initial Election”
means one or more written elections on a form provided by the Administrator and filed with the Administrator in accordance with Article 3,
pursuant to which an Outside Director or Director Emeritus may:
(i) Elect to defer any portion of the Compensation payable for the performance of services as an Outside Director or a Director
Emeritus, net of required withholdings and deductions as determined by the Administrator in its sole discretion; and
(ii) Designate the time of payment of the amount of deferred Compensation to which the Initial Election relates.
(b) 2013 Plan Year For Eligible Comcast Employees . With respect to Eligible Comcast Employees for Compensation earned in the
2013 Plan Year, the term “Initial Election means one or more written elections provided by the Administrator and filed with the Administrator in
accordance with Article 3 pursuant to which an Eligible Comcast Employee may:
(i) Elect to defer any portion of the Compensation payable for the performance of services as an Eligible Employee following
the time that such election is filed, provided that the maximum amount of base salary available for deferral shall be determined net of required
withholdings and deductions as determined by the Administrator in its sole discretion, but shall in no event be less than 85% of the Participant’s
base salary; and
(ii) Designate the time of payment of the amount of deferred Compensation to which the Initial Election relates.
(c) 2013 Plan Year For Eligible NBCU Employees, and Plan Years Beginning After December 31, 2013 . With respect to Eligible
NBCU employees for Compensation earned after December 31, 2012 and with respect to Eligible Comcast Employees for Compensation earned
after December 31, 2013, the term “Initial Election” means one or more written elections provided by the Administrator and filed with the
Administrator in accordance with Article 3 pursuant to which an Eligible Employee may:
(i) Subject to the limitations described in Section 2.32(c)(iii), elect to defer Compensation payable for the performance of
services as an Eligible Employee following the time that such election is filed; and
-
9
-