Comcast 2012 Annual Report Download - page 202

Valuation Date coincident with or next following 30 days after his Severance from Service Date, except that, if the Participant does not consent to
such distribution, distribution of his benefits shall commence on any later date elected by the Participant, that is not later than his Required
Beginning Date, at which time his nonforfeitable interest shall commence to be paid to him. A Participant’s election to receive payment prior to
his Required Beginning Date may be made no earlier than 180 days prior to the Benefit Commencement Date elected by the Participant.
5.6.2. If a Participant’s nonforfeitable interest in his Account is not greater than $1,000, his Benefit Commencement Date shall
be the earliest practicable date following the Valuation Date coincident with or next following the first day of the first calendar quarter that begins
after his Severance from Service Date and, provided the participant does not affirmatively elect to have the distribution of Account paid directly to
an eligible retirement plan in a direct rollover, his Account will be distributed in a cash lump sum. If a Participant’s nonforfeitable interest in his
Account is greater than $1,000 but not in excess of $5,000, and if the participant does not elect to have such distribution paid directly to an eligible
retirement plan specified by the Participant in a direct rollover or to receive the distribution directly, then the Participant’
s vested Account shall be
distributed in a direct rollover to an individual retirement plan designated by the Committee. The preceding sentence shall not apply to alternate
payees (under qualified domestic relations orders, as defined in section 414(p) of the Code), surviving spouses or beneficiaries.
5.6.3. This Section shall apply to all Participants, including Participants who had a Severance from Service Date or ceased to
be Covered Employees prior to the Effective Date.
Section 5.7. Mode of Distribution of Retirement or Disability Benefits .
5.7.1. Except as provided to the contrary in this Article, a Participant may elect in writing to have his nonforfeitable interest in
his Account paid to him or applied for his benefit in accordance with any of the following modes of payment:
(a) in the case of a Participant whose nonforfeitable interest in his Account exceeds $5,000, approximately equal annual
or quarterly installments over a period not to exceed the lesser of:
(1) the life expectancy of the Participant or the joint and survivor life expectancy of the Participant and his
beneficiary (with such life expectancy to be determined in accordance with applicable regulations under the Code); or
(2) unless the sole beneficiary is the Participant’s spouse, the maximum number of years permitted by section 401
(a)(9) of the Code and the applicable regulations; or
(b) a single sum payment in cash, except that a Participant may elect to receive the portion of his Account invested in
Company Stock and/or Investment Stock in the form of shares.
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