Comcast 2013 Annual Report Download - page 218

Section 5.1. Amounts credited to the Accounts of Outside Directors in the form of Company Stock shall be credited to the Company Stock Fund
and credited with income, gains and losses in accordance with Section 5.2(c).
(b) Subsequent Elections . Each Participant or Beneficiary shall have the right to elect to defer the time of payment or to change the
manner of payment of amounts previously deferred in accordance with the terms of a previously made Initial Election pursuant to the terms of
the Plan by filing a Subsequent Election at the time, to the extent, and in the manner described in this Article 3.
3.2. Filing of Initial Election: General . An Initial Election shall be made on the form provided by the Administrator for this purpose.
Except as provided in Section 3.3:
(a) No such Initial Election shall be effective with respect to Compensation other than Signing Bonuses or Performance-Based
Compensation unless it is filed with the Administrator on or before December 31 of the calendar year preceding the calendar year to which the
Initial Election applies.
(b) No such Initial Election shall be effective with respect to Performance-Based Compensation unless it is filed with the
Administrator at least six months before the end of the Performance Period during which such Performance-
Based Compensation may be earned.
(c) No such Initial Election shall be effective with respect to a Signing Bonus for an Eligible Employee other than a New Key
Employee unless (i) such Signing Bonus is forfeitable if the Participant fails to continue in service to a specified date (other than as the result of
the Participant’s termination of employment because of death, Disability or Company-initiated termination without cause, as determined by the
Administrator), and (ii) the Initial Election is filed with the Administrator at least one year before such specified date.
3.3. Filing of Initial Election by New Key Employees and New Outside Directors .
(a) New Key Employees . Notwithstanding Section 3.1 and Section 3.2, a New Key Employee may file an Initial Election:
(i) To defer Compensation payable for services to be performed after the date of such Initial Election. An Initial Election to
defer Compensation payable for services to be performed after the date of such Initial Election must be filed with the Administrator within 30
days of the date such New Key Employee first becomes eligible to participate in the Plan.
(ii) To defer Compensation payable as a Signing Bonus. An Initial Election to defer Compensation payable as a Signing
Bonus must be filed with the Administrator before such New Key Employee commences service as an Eligible Employee.
An Initial Election by such New Key Employee for succeeding calendar years shall be made in accordance with Section 3.1 and Section 3.2.
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