Comcast 2013 Annual Report Download - page 204

2.2. “ Active Participant ” means:
(a) Each Participant who is in active service as an Outside Director or a Director Emeritus; and
(b) Each Participant who is actively employed by a Participating Company as an Eligible Employee.
2.3. “ Administrator ” means the Committee or its delegate.
2.4. “ Affiliate ” means, with respect to any Person, any other Person that, directly or indirectly, is in control of, is controlled by, or is
under common control with, such Person. For purposes of this definition, the term “control,” including its correlative terms “controlled by” and
“under common control with,” mean, with respect to any Person, the possession, directly or indirectly, of the power to direct or cause the
direction of the management and policies of such Person, whether through the ownership of voting securities, by contract or otherwise.
2.5. “ Annual Rate of Pay ” means, as of any date, an employee’s annualized base pay rate. An employee’s Annual Rate of Pay shall not
include sales commissions or other similar payments or awards, including payments earned under any sales incentive arrangement for employees
of NBCUniversal.
2.6. “ Applicable Interest Rate .”
(a) Active Participants .
(i) Protected Account Balances
. Except as otherwise provided in Sections 2.6(b), with respect to Protected Account Balances,
the term “Applicable Interest Rate,”
means the interest rate that, when compounded daily pursuant to rules established by the Administrator from
time to time, is mathematically equivalent to 12% (0.12) per annum, compounded annually.
(ii) Contributions Credited on and after January 1, 2014 (on and after January 1, 2013 for Eligible NBCUniversal
Employees) . Except as otherwise provided in Sections 2.6(b):
(A) For amounts (other than Protected Account Balances) credited to Accounts of Eligible Comcast Employees,
Outside Directors and Directors Emeriti with respect to Compensation earned on and after January 1, 2014 or pursuant to Section 3.8, and for
amounts credited pursuant to Subsequent Elections filed on and after January 1, 2014 that are attributable to such amounts, the term “Applicable
Interest Rate,” means the interest rate that, when compounded daily pursuant to rules established by the Administrator from time to time, is
mathematically equivalent to 9% (0.09) per annum, compounded annually.
-
2
-