Comcast 2013 Annual Report Download - page 195

(h) Date of Exercise .
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13
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event shall an Incentive Stock Option be exercisable after five years from the Date of Grant in the case of a grant to a Ten
Percent Shareholder, nor shall any other Option be exercisable after ten years from the Date of Grant.
(ii) In the event that an Optionee terminates employment with the Company by reason of his death, any Option held at death by
such Optionee which is then exercisable shall be exercisable for a period of one year from the date of death (unless a longer
period is established by the Committee) by the person to whom the rights of the Optionee shall have passed by will or by the
laws of descent and distribution; provided, however
, that in no event shall an Incentive Stock Option be exercisable after five
years from the Date of Grant in the case of a grant to a Ten Percent Shareholder, nor shall any other Option be exercisable
after ten years from the Date of Grant.
(iii) In the event that an Optionee’
s employment with the Company is terminated for Cause, each unexercised Option held by such
Optionee shall terminate and cease to be exercisable; provided further , that in such event, in addition to immediate
termination of the Option, the Optionee, upon a determination by the Committee shall automatically forfeit all Shares
otherwise subject to delivery upon exercise of an Option but for which the Sponsor has not yet delivered the Share
certificates, upon refund by the Sponsor of the option price.
(i) In General . The date of exercise of an Option shall be the date on which written notice of exercise, addressed to the Sponsor
at its main office to the attention of its Secretary, is hand delivered, telecopied or mailed first class postage prepaid; provided,
however , that the Sponsor shall not be obligated to deliver any certificates for Shares pursuant to the exercise of an Option
until the Optionee shall have made payment in full of the option price for such Shares. Each such exercise shall be irrevocable
when given. Each notice of exercise must (i) specify the Incentive Stock Option, Non-Qualified Option or combination
thereof being exercised; and (ii) if applicable, include a statement of preference (which shall binding on and irrevocable by
the Optionee but shall not be binding on the Committee) as to the manner in which payment to the Sponsor shall be made.
Each notice of exercise shall also comply with the requirements of Paragraph 15.