Comcast 2013 Annual Report Download - page 192

time of grant of a Non-Qualified Option or by amendment of an option document for an Incentive Stock Option or a Non-Qualified Option,
provide that Options granted to or held by an Optionee may be transferred, in whole or in part, to one or more transferees and exercised by any
such transferee; provided further that (i) any such transfer is without consideration and (ii) each transferee is a Family Member with respect to
the Optionee; and provided further that
any Incentive Stock Option granted pursuant to an option document which is amended to permit transfers
during the lifetime of the Optionee shall, upon the effectiveness of such amendment, be treated thereafter as a Non-
Qualified Option. No transfer
of an Option shall be effective unless the Committee is notified of the terms and conditions of the transfer and the Committee determines that the
transfer complies with the requirements for transfers of Options under the Plan and the option document. Any person to whom an Option has
been transferred may exercise any Options only in accordance with the provisions of Paragraph 7(g) and this Paragraph 7(c).
(d) Payment Upon Exercise of Options . With respect to Options granted on and after February 28, 2007 (other than Options subject to the
automatic exercise rules described in Paragraph 7(h)(ii)), full payment for Shares purchased upon the exercise of an Option shall be made
pursuant to one or more of the following methods as determined by the Committee and set forth in the Option document:
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10
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(i)
In cash;
(ii)
By certified check payable to the order of the Sponsor;
(iii) By surrendering or attesting to ownership of Shares with an aggregate Fair Market Value equal to the aggregate option price,
provided, however , with respect to Options granted before February 28, 2007, that ownership of Shares may be attested to
and Shares may be surrendered in satisfaction of the option price only if the Optionee certifies in writing to the Sponsor that
the Optionee owns a number of Other Available Shares as of the date the Option is exercised that is at least equal to the
number of Shares as to which ownership has been attested, or the number of Shares to be surrendered in satisfaction of the
option price, as applicable; provided further , however, that the option price may not be paid in Shares if the Committee
determines that such method of payment would result in liability under section 16(b) of the 1934 Act to an Optionee. Except
as otherwise provided by the Committee, if payment is made in whole or in part by surrendering Shares, the Optionee shall
deliver to the Sponsor certificates registered in the name of such Optionee representing Shares legally and beneficially owned
by such Optionee, free of all liens, claims and encumbrances of every kind and having a Fair Market Value on the date of
delivery that is equal to or greater than the aggregate option price for the Option Shares subject to payment by the surrender of
Shares, accompanied by stock powers duly endorsed