Comcast 2013 Annual Report Download - page 258

Section 3.5. Matching Contributions .
3.5.1. Subject to Sections 2.2, 3.5.1(c), 3.9 and 3.10, the Participating Company shall contribute to the Fund for each
Payroll Period:
(a) with respect to each Active Participant (other than an Active Participant who is a Covered Union
Employee (Comcast) and a member of Local Union 827, International Brotherhood of Electrical Workers and who is employed in Pleasantville,
New Jersey or Toms River, New Jersey), an amount equal to one hundred percent (100%) of such Participant
’s Pre-Tax Matched Contributions
for such Payroll Period not in excess of four and one-half percent (4
1
⁄
2
%) of his Compensation for such Payroll Period; and
(b) with respect to each Active Participant who is a Covered Union Employee (Comcast) and who is a
member of Local Union 827, International Brotherhood of Electrical Workers and who is employed in Pleasantville, New Jersey or Toms River,
New Jersey, an amount equal to one hundred percent (100%) of such Participant
’s Pre-Tax Matched Contributions for such Payroll Period not in
excess of six percent (6%) of his Compensation for such Payroll Period.
(c) Notwithstanding Section 3.5.1(a) or (b), if the sum of the Matching Contributions made for an Active
Participant on a Payroll Period basis for any Plan Year fails to provide the maximum amount of Matching Contributions to which such Active
Participant would be entitled except for the Matching Contributions being made on a Payroll Period basis for such Plan Year or because of
Catch-Up Contributions being re-designated as Pre-Tax Matched Contributions, a Participating Company shall make an additional Matching
Contribution for the benefit of such Participant for such Plan Year in an amount equal to the amount which, when added to the Matching
Contributions made pursuant to Section 3.4.1, would have been contributed had the Matching Contribution been based on the amount of the
Participant’s annual Pre-Tax Matched Contributions and annual Compensation. Notwithstanding the foregoing, the maximum total Matching
Contribution for any Plan Year for any Participant shall be $10,000 if such Participant is both (i) a Highly Compensated Employee (other than a
Covered Union Employee (Comcast) or a Covered Union Employee (Broadband)) and (ii) as of the first day of such Plan Year (or, if later, the
applicable Participant’s Employment Commencement Date or Reemployment Commencement Date), eligible to contribute to the Comcast
Corporation 2005 Deferred Compensation Plan.
3.5.2. The Participating Companies’ Matching Contribution obligation for a Plan Year shall be offset by the amount, if
any, of the sum of Matching Contributions, Broadband Heritage Matching Contributions and Prior Company Matching Contributions (Unvested)
forfeited during such Plan Year by Participants who were Employees of such Participating Company, provided that Matching Contributions may
be prospectively limited as provided in Section 3.10. Notwithstanding the foregoing, the contributions under this Section for any Plan Year shall
not cause the total contributions by the Participating Company to exceed the maximum allowable current deduction under the applicable
provisions of the Code.
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