Comcast 2012 Annual Report Download - page 161

amount shall not be deemed invested in the Income Fund until the first day of the calendar month next following such Company payroll date.
Accumulated Account balances subject to an investment fund election under Section 5.2(b) shall be deemed invested in the applicable investment
fund as of the effective date of such election. The value of amounts deemed invested in the Company Stock Fund shall be based on hypothetical
purchases and sales of Company Stock at Fair Market Value as of the effective date of an investment election.
5.3. Status of Deferred Amounts . Regardless of whether or not the Company is a Participant’s employer, all Compensation deferred under
this Plan shall continue for all purposes to be a part of the general funds of the Company.
5.4. Participants’ Status as General Creditors . Regardless of whether or not the Company is a Participant’
s employer, an Account shall at all
times represent a general obligation of the Company. The Participant 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 the Participant’s Accounts. Nothing contained herein shall be deemed to create
an escrow, trust, custodial account or fiduciary relationship of any kind. Nothing contained herein shall be construed to eliminate any priority or
preferred position of a Participant in a bankruptcy matter with respect to claims for wages.
ARTICLE 6 – NO ALIENATION OF BENEFITS; PAYEE DESIGNATION
6.1. Non-Alienation . Except as otherwise required by applicable law, or as provided by Section 6.2, the right of any Participant or
Beneficiary to any benefit or interest under any of the provisions of this Plan shall not be subject to encumbrance, attachment, execution,
garnishment, assignment, pledge, alienation, sale, transfer, or anticipation, either by the voluntary or involuntary act of any Participant or any
Participant’s Beneficiary or by operation of law, nor shall such payment, right, or interest be subject to any other legal or equitable process.
6.2. Domestic Relations Orders
. Notwithstanding any other provision of the Plan or the terms of any Initial Election or Subsequent Election,
the Plan shall honor the terms of a Domestic Relations Order if the Administrator determines that it satisfies the requirements of the Plan’s
policies relating to Domestic Relations Orders as in effect from time to time, provided that a Domestic Relations Order shall not be honored unless
(i) it provides for payment of all or a portion of a Participant’s Account under the Plan to the Participant’s spouse or former spouse and (ii) it
provides for such payment in the form of a single cash lump sum that is payable as soon as administratively practicable following the
determination that the Domestic Relations Order meets the conditions for approval.
6.3. Payee Designation . Subject to the terms and conditions of the Plan, a Participant or Beneficiary may direct that any amount payable
pursuant to an Initial Election or a Subsequent Election on any date designated for payment be paid to any person or persons or legal entity or
entities, including, but not limited to, an organization exempt from federal income tax under section 501(c)(3) of the Code, instead of to the
Participant or Beneficiary. Such a payee designation shall be provided to the Administrator by the Participant or Beneficiary in writing on a form
provided by the Administrator, and shall not be effective unless it is provided immediately preceding the time of payment. The Company’s
payment pursuant to such a payee designation shall relieve the Company and its Affiliates of all liability for such payment.
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