Comcast 2012 Annual Report Download - page 153

2.47. “ Retired Participant ” means a Participant who has terminated service pursuant to a Normal Retirement.
2.48. “ Severance Pay ” means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any
amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for
work for a Participating Company.
2.49. “ Signing Bonus ” means Compensation payable in cash and designated by the Administrator as a special bonus intended to induce an
individual to accept initial employment (or re-employment) by a Participating Company or to execute an employment agreement, or an amount
payable in connection with a promotion.
2.50. “ Subsequent Election ” means one or more written elections on a form provided by the Administrator, filed with the Administrator in
accordance with Article 3, pursuant to which a Participant or Beneficiary may elect to defer the time of payment of amounts previously deferred in
accordance with the terms of a previously made Initial Election or Subsequent Election.
2.51. “ Surviving Spouse ” means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as
applicable).
2.52. “ Third Party ” means any Person, together with such Person’s Affiliates, provided that the term “Third Party” shall not include the
Company or an Affiliate of the Company.
2.53. “ Total Compensation ” means, for any Plan Year, the sum of an Eligible Employee’s Annual Rate of Pay, plus Company Credits
described in Section 3.8, plus any target bonus amount under an annual cash bonus award, plus the grant date value (for Eligible Comcast
Employees) or the target value (for Eligible NBCU Employees) of any annual long-term incentive award granted in the immediately preceding
Plan Year, all as determined by the Administrator in its sole discretion, as of the September 30th immediately preceding the Plan Year. For the
purpose of determining Total Compensation under the Plan, the Administrator, in its sole discretion, may determine the applicable value of an
Eligible Employee’s annual long-term incentive award in appropriate circumstances, such as where the Eligible Employee’s actual annual long-
term incentive award (if any) reflects a new hire’s short period of service, or other similar circumstances.
ARTICLE 3 – INITIAL AND SUBSEQUENT ELECTIONS
3.1. Elections .
(a) Initial Elections . Subject to any applicable limitations or restrictions on Initial Elections, each Outside Director, Director Emeritus
and Eligible Employee
-
13
-