Comcast 2013 Annual Report Download - page 264

ARTICLE IV
PARTICIPANTS’ ACCOUNTS
Section 4.1. Accounts . All contributions and earnings thereon may be invested in one commingled Fund for the benefit of all Participants.
However, in order that the interest of each Participant may be accurately determined and computed, separate Accounts shall be maintained for
each Participant and each Participant’s Accounts shall be made up of sub-accounts reflecting his investment elections pursuant to Section 11.5.
These Accounts shall represent the Participant’s individual interest in the Fund. All contributions shall be credited to Participants’ Accounts as
set forth in Article III or Exhibit B (as applicable).
Section 4.2. Valuation . The value of each Investment Medium in the Fund shall be computed by the Trustee as of the close of business on
each Valuation Date on the basis of the fair market value of the assets of the Fund.
Section 4.3. Apportionment of Gain or Loss . The value of each Investment Medium in the Fund, as computed pursuant to Section 4.2,
shall be compared with the value of such Investment Medium in the Fund as of the preceding Valuation Date. Any difference in the value, not
including contributions or distributions made since the preceding Valuation Date, shall be the net increase or decrease of such Investment
Medium in the Fund, and such amount shall be ratably apportioned by the Trustee on its books, among the Participants’ Accounts which are
invested in such Investment Medium at the current Valuation Date.
Section 4.4. Accounting for Allocations .
4.4.1. In General . The Committee shall establish or provide for the establishment of accounting procedures for the
purpose of making the allocations, valuations and adjustments to Participants’ Accounts provided for in this Article. From time to time such
procedures may be modified for the purpose of achieving equitable and non-discriminatory allocations among the Accounts of Participants in
accordance with the general concepts of the Plan and the provisions of this Article.
4.4.2. Accounting and Other Procedures Regarding Company Stock and Investment Stock .
(a) Company Stock required for purposes of the Plan shall either be transferred or sold to the Trustee by
the Company, or if not so transferred or sold shall be acquired by the Trustee on the market.
(b) As of each Valuation Date, all amounts to be invested in Company Stock shall be allocated to
Participants’
Accounts as additional shares in accordance with this Section 4.4.2(b). First, the Committee shall determine the number of shares to
be allocated under the Plan as of such Valuation Date. Second, the number of shares to be allocated to each Participant’s Account shall be equal
to the total number of shares to be allocated under the Plan as of such Valuation Date multiplied by the ratio of the sum of the items listed below
for each Participant entitled to share in such allocation that are to be invested in Company Stock to
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