Comcast 2012 Annual Report Download - page 158

3.8. Company Credits . In addition to the amounts credited to Participants’ Accounts pursuant to Initial Elections with respect to
Compensation, the Committee may provide for additional amounts to be credited to the Accounts of one or more designated Eligible Employees
(“Company Credits”) for any year. A Participant whose Account is designated to receive Company Credits may not elect to receive any portion of
the Company Credits as additional Compensation in lieu of deferral as provided by this Section 3.8. The total amount of Company Credits
designated with respect to an Eligible Employee’s Account for any Plan Year shall be credited to such Eligible Employee’
s Account as of the time
or times designated by the Administrator, as a bookkeeping entry to such Eligible Employee’s Account in accordance with Section 5.1. From and
after the date Company Credits are allocated as designated by the Administrator, Company Credits shall be credited to the Income Fund.
Company Credits and income, gains and losses credited with respect to Company Credits shall be distributable to the Participant on the same basis
as if the Participant had made an Initial Election to receive a lump sum distribution of such amount on January 2 of the third calendar year
beginning after the Plan Year with respect to which the Company Credits were authorized, unless the Participant timely designates another time
and form of payment that is a permissible time and form of payment for amounts subject to an Initial Election under Section 3.4(b) and
Section 4.1. In addition, the Participant may make one or more Subsequent Elections with respect to such Company Credits (and income, gains
and losses credited with respect to Company Credits) on the same basis as all other amounts credited to such Participant’s Account.
3.9. Separation from Service .
(a) Required Suspension of Payment of Benefits . To the extent compliance with the requirements of Treas. Reg. § 1.409A-3(i)(2) (or
any successor provision) is necessary to avoid the application of an additional tax under Section 409A to payments due to a Participant upon or
following his separation from service, then notwithstanding any other provision of this Plan, any such payments that are otherwise due within six
months following the Participant’s separation from service will be deferred and paid to the Participant in a lump sum immediately following that
six-month period.
(b) Termination of Employment . For purposes of the Plan, a transfer of an employee between two employers, each of which is a
Company, shall not be deemed a termination of employment. A Participant who is a Non-Employee Director shall be treated as having terminated
employment on the Participant’s termination of service as a Non-
Employee Director, provided that if such a Participant is designated as a Director
Emeritus upon termination of service as a Non-
Employee Director, such Participant shall not be treated as having terminated employment until the
Participant’s termination of service as a Director Emeritus.
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