Comcast 2013 Annual Report Download - page 197

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The aggregate Fair Market Value (determined as of the time Options are granted) of the Shares with respect to which Incentive Stock
Options may first become exercisable by an Optionee in any one calendar year under the Plan and any other plan of the Company shall not
exceed $100,000. The limitations imposed by this Paragraph 8 shall apply only to Incentive Stock Options granted under the Plan, and not to any
other options or stock appreciation rights. In the event an individual receives an Option intended to be an Incentive Stock Option which is
subsequently determined to have exceeded the limitation set forth above, or if an individual receives Options that first become exercisable in a
calendar year (whether pursuant to the terms of an option document, acceleration of exercisability or other change in the terms and conditions of
exercise or any other reason) that have an aggregate Fair Market Value (determined as of the time the Options are granted) that exceeds the
limitations set forth above, the Options in excess of the limitation shall be treated as Non-Qualified Options.
An Optionee shall not have any right as a shareholder with respect to any Shares subject to his Options until the Option shall have been
exercised in accordance with the terms of the Plan and the option document and the Optionee shall have paid the full purchase price for the
number of Shares in respect of which the Option was exercised and the Optionee shall have made arrangements acceptable to the Sponsor for the
payment of applicable taxes consistent with Paragraph 15.
In the event that Shares are changed into or exchanged for a different number or kind of shares of stock or other securities of the Sponsor,
whether through merger, consolidation, reorganization, recapitalization, stock dividend, stock split-up or other substitution of securities of the
Sponsor, the Board shall make appropriate equitable anti-dilution adjustments to the number and class of shares of stock available for issuance
-
15
-
(iii) Such Cash Right shall be subject to the same restrictions on transferability as the Non-Qualified Option to which it is
attached.
(iv) Such Cash Right shall be exercisable only when such conditions to exercise as shall be determined by the Committee and
stated in the option document, if any, have been satisfied.
(v)
Such Cash Right shall expire upon the exercise of the Non
-
Qualified Option to which it is attached.
(vi) Upon exercise of a Cash Right that is attached to a Non-Qualified Option, the Option to which the Cash Right is attached
shall expire.
8.
LIMITATION ON EXERCISE OF INCENTIVE STOCK OPTIONS
9. RIGHTS AS SHAREHOLDERS
10.
CHANGES IN CAPITALIZATION