Comcast 2013 Annual Report Download - page 210

(d) Each Grandfathered Employee who is an employee of NBCUniversal.
(e) Each New Key Employee who is an employee of NBCUniversal,
2.27. “ Fair Market Value ”
(a) If shares of Company Stock are listed on a stock exchange, Fair Market Value shall be determined based on the last reported sale
price of a share on the principal exchange on which shares are listed on the date of determination, or if such date is not a trading day, the next
trading date.
(b) If shares of Company Stock are not so listed, but trades of shares are reported on the Nasdaq National Market, Fair Market Value
shall be determined based on the last quoted sale price of a share on the Nasdaq National Market on the date of determination, or if such date is
not a trading day, the next trading date.
(c) If shares of Company Stock are not so listed nor trades of shares so reported, Fair Market Value shall be determined by the
Committee in good faith.
2.28. “ Grandfathered Employee ” means:
(a) Effective before January 1, 2014:
(i) Each employee of a Participating Company other than NBCUniversal who, as of December 31, 1989, was eligible to
participate in the Prior Plan and who has been in continuous service to the Company or an Affiliate since December 31, 1989.
(ii) Each employee of a Participating Company other than NBCUniversal who was, at any time before January 1, 1995,
eligible to participate in the Prior Plan and whose Annual Rate of Pay was $90,000 or more as of both (A) the date on which an Initial Election is
filed with the Administrator and (B) the first day of each calendar year beginning after December 31, 1994.
(iii) Each employee of a Participating Company other than NBCUniversal who was an employee of an entity that was a
Participating Company in the Prior Plan as of June 30, 2002 and who had an Annual Rate of Pay of $125,000 as of each of (i) June 30, 2002;
(ii) the date on which an Initial Election was filed with the Administrator and (iii) the first day of each calendar year beginning after
December 31, 2002.
(iv) Each employee of a Participating Company other than NBCUniversal who (i) as of December 31, 2002, was an “Eligible
Employee” within the meaning of Section 2.34 of the AT&T Broadband Deferred Compensation Plan (as amended and restated, effective
November 18, 2002) with respect to whom an account was maintained, and (ii) for the period beginning on December 31, 2002 and extending
through any date of determination, has been actively and continuously in service to the Company or an Affiliate.
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