Comcast 2013 Annual Report Download - page 214

(b) Effective after December 31, 2013, and except as provided in Section 2.35(d), each employee of a Participating Company other
than NBCUniversal:
(i) who becomes an employee of a Participating Company and has an Annual Rate of Pay of $250,000 or more as of his
employment commencement date, or
(ii) who has an Annual Rate of Pay that is increased to $250,000 or more and who, immediately preceding such increase, was
not an Eligible Employee.
(c) Each employee of NBCUniversal who first becomes a member of the NBCUniversal Operating Committee and approved by the
Administrator during a Plan Year and who, immediately preceding the effective date of such membership, was not an Eligible Employee.
(d) Notwithstanding Section 2.35(a), (b) or (c) to the contrary, no employee shall be treated as a New Key Employee with respect to
any Plan Year under this Section 2.35 if:
(i) Such employee was eligible to participate in another plan sponsored by the Company or an Affiliate of the Company which
is considered to be of a similar type as defined in Treasury Regulation Section 1.409A -1(c)(2)(i)(A) or (B) with respect to such Plan Year; or
(ii) Such employee has been eligible to participate in the Plan or any other plan referenced in Section 2.35(d)(i) (other than
with respect to the accrual of earnings) at any time during the 24-month period ending on the date such employee would, but for this
Section 2.35(d), otherwise become a New Key Employee.
2.36. “ Normal Retirement ” means:
(a) For a Participant who is an employee of a Participating Company immediately preceding his termination of employment, a
termination of employment that is treated by the Participating Company as a retirement under its employment policies and practices as in effect
from time to time; and
(b) For a Participant who is an Outside Director or Director Emeritus immediately preceding his termination of service, the
Participant’s normal retirement from the Board.
2.37. “ Outside Director ” means a member of the Board, who is not an employee of a Participating Company.
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