Comcast 2012 Annual Report Download - page 181

(d) For purposes of Article III, except Section 3.9, as applied to Covered Union Employees (Broadband), Compensation
shall mean base pay (prior to reductions under sections 125 and 401(k) of the Code), bonuses (other than STIP and executive STIP listed below),
payments received under the Company Sickness and Accident Disability Plan or short term disability payments under the Company Disability
Plan, commissions, and buyout of base pay due to demotion or resulting from pay parity, but shall not include: (1) shift, expatriate, and geographic
differentials, overtime, non-cash payments, relocation allowances and special cash payments such as hire, stay or referral payments; (2) payments
under the Short-Term Incentive Program (STIP), and executive bonuses including long-term payments and Executive Short-Term Incentive Plan
(ESTIP); (3) payments made for waiver of medical coverage, previously deferred compensation, exercise of stock options, gross-up amounts or
cashout of paid time off; (4) deferred compensation in any nonqualified plan; or (5) any compensation that is paid with an effective date after
retirement or termination of employment.
(e) Notwithstanding anything in the Plan to the contrary, effective on and after January 1, 2006, Compensation shall not
include any payments of compensation as described above in subsections (a), (b) and (d) that are paid more than 75 calendar days after an
Employee’s Separation from Service.
“ Contribution Percentage ” means for any Early Entry Eligible Employee for a given Plan Year, the ratio of:
(a) the sum of
(1) such Early Entry Eligible Employee’s Matching Contributions, plus
(2) in the case of any Highly Compensated Early Entry Eligible Employee, any employee contributions and
employer matching contributions, including any elective deferrals recharacterized as employee contributions, under any other qualified retirement
plan, other than an employee stock ownership plan as defined in section 4975(e)(7) of the Code or a tax credit employee stock ownership plan as
defined in section 409(a) of the Code, maintained by the Participating Company or any Affiliated Company, plus
(3) at the election of the Committee, any portion of the Early Entry Eligible Employee’s Pre-Tax Contributions for
the Plan Year or elective deferrals under any other qualified retirement plan maintained by a Participating Company or any Affiliated Company
that may be disregarded without causing this Plan or such other qualified retirement plan to fail to satisfy the requirements of section 401(k)(3) of
the Code and the regulations issued thereunder; to
(b) the Early Entry Eligible Employee’s Compensation for that portion of the Plan Year during which he was an Early
Entry Eligible Employee.
“ Covered Employee ” means any Employee who is (a) employed by a Participating Company and designated on the books and
records of such Participating Company as an employee and (b) not covered by a collective bargaining agreement, unless such agreement
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