Comcast 2012 Annual Report Download - page 180

merger between AT&T Broadband and Comcast Corp. contemplated in the Agreement and Plan of Merger dated as of December 19, 2001 by and
among AT&T Corp., AT&T Broadband Corp., Comcast Corporation, AT&T Broadband Acquisition Corp., Comcast Acquisition Corp. and
AT&T Comcast Corporation.
“ Code ” means the Internal Revenue Code of 1986, as amended, and any regulations issued thereunder.
“ Committee ” means the individuals appointed to supervise the administration of the Plan, as provided in Article X of the Plan.
“ Company ” means Comcast Corporation.
“ Company Stock ” means Comcast Corporation Class A Common Stock.
“ Compensation ” means, for any Eligible Employee, for any Plan Year or Limitation Year, as the case may be:
(a) except as otherwise provided below in this definition, and subject to the limitations set forth in subsection (c) of this
definition, his wages as reported on Form W-2 ( i.e. , wages as defined in section 3401(a) of the Code and all other payments of compensation for
which the Participating Company is required to furnish the employee a written statement under sections 6041(d) and 6051(a)(3) of the Code) from
a Participating Company for such Plan Year, reduced by reimbursements or other expense allowances, fringe benefits (cash and non-cash),
moving expenses, deferred compensation, and welfare benefits, but including Pre-Tax Contributions and elective contributions that are not
includible in gross income under sections 125 or 402(a)(8) of the Code. For the purposes of the definitions of “Actual Deferral Percentage” and
“Contribution Percentage” in this Article (except as otherwise provided in such definitions), the Company may elect to consider only
Compensation as defined above for that portion of the Plan Year during which the Employee was an Eligible Employee, provided that this
election is applied uniformly to all Eligible Employees for the Plan Year.
(b) for the purposes of Article XIII and Section 3.9, subject to the limitations set forth in subsection (c) of this definition,
the Employee’s wages as reported on Form W-2 ( i.e. , wages as defined in section 3401(a) of the Code and all other payments of compensation
for which the Participating Company is required to furnish the employee a written statement under sections 6041(d) and 6051(a)(3) of the Code);
provided that , Compensation shall include any elective deferral as defined by section 402(g)(3) of the Code, all employee contributions to an
annuity under section 403(b) of the Code, and any amount which is contributed or deferred by a Participating Company or Affiliated Company at
the election of the Employee and which is not includible in the gross income of the Employee by reason of sections 125, 132(f) or 457 of the
Code.
(c) Only compensation not in excess of $250,000, as adjusted for cost-of-living increases in accordance with section 401
(a)(17)(B) of the Code, shall be considered for all purposes under the Plan.
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