Comcast 2013 Annual Report Download - page 223

ARTICLE 4 – MANNER OF DISTRIBUTION
4.1. Manner of Distribution .
(a) Amounts credited to an Account shall be distributed, pursuant to an Initial Election or Subsequent Election in either (i) a lump
sum payment or (ii) substantially equal monthly or annual installments over a five (5), ten (10) or fifteen (15) year period. Installment
distributions payable in the form of shares of Company Stock shall be rounded to the nearest whole share.
(b) To the extent permitted by Section 409A, notwithstanding any Initial Election, Subsequent Election or any other provision of the
Plan to the contrary:
(i) distributions pursuant to Initial Elections or Subsequent Elections shall be made in one lump sum payment unless the
portion of a Participant’s Account subject to distribution, as of both the date of the Initial Election or Subsequent Election and the benefit
commencement date, has a value of more than $10,000;
(ii) following a Participant’s termination of employment for any reason, if the amount credited to the Participant’s Account
has a value of $10,000 or less, the Administrator may, in its sole discretion, direct that such amount be distributed to the Participant (or
Beneficiary, as applicable) in one lump sum payment, provided that the payment is made on or before the later of (i) December 31 of the
calendar year in which the Participant terminates employment or (ii) the date two and one-half months after the Participant terminates
employment.
4.2. Determination of Account Balances for Purposes of Distribution . The amount of any distribution made pursuant to Section 4.1 shall
be based on the balances in the Participant’s Account on the date the recordkeeper appointed by the Administrator transmits the distribution
request for a Participant to the Administrator for payment and processing, provided that payment with respect to such distribution shall be made
as soon as reasonably practicable following the date the distribution request is transmitted to the Administrator. For this purpose, the balance in a
Participant’s Account shall be calculated by crediting income, gains and losses under the Company Stock Fund and Income Fund, as applicable,
through the date immediately preceding the date on which the distribution request is transmitted to the recordkeeper.
4.3. Plan-to-Plan Transfers; Change in Time and Form of Election Pursuant to Special Section 409A Transition Rules . The Administrator
may delegate its authority to arrange for plan-to-plan transfers or to permit benefit elections as described in this Section 4.3 to an officer of the
Company or committee of two or more officers of the Company.
(a) The Administrator may, with a Participant’s consent, make such arrangements as it may deem appropriate to transfer the
Company’s obligation to pay benefits with respect to such Participant which have not become payable under this Plan, to another
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