Comcast 2013 Annual Report Download - page 267

Beginning Date, at which time his nonforfeitable interest shall commence to be paid to him. A Participant’s election to receive payment prior to
his Required Beginning Date may be made no earlier than 180 days prior to the Benefit Commencement Date elected by the Participant.
5.6.2. If a Participant’s nonforfeitable interest in his Account is not greater than $1,000, his Benefit Commencement
Date shall be the earliest practicable date following the Valuation Date coincident with or next following the first day of the first calendar quarter
that begins after his Severance from Service Date and, provided the participant does not affirmatively elect to have the distribution of Account
paid directly to an eligible retirement plan in a direct rollover, his Account will be distributed in a cash lump sum. If a Participant’s
nonforfeitable interest in his Account is greater than $1,000 but not in excess of $5,000, and if the participant does not elect to have such
distribution paid directly to an eligible retirement plan specified by the Participant in a direct rollover or to receive the distribution directly, then
the Participant’s vested Account shall be distributed in a direct rollover to an individual retirement plan designated by the Committee. The
preceding sentence shall not apply to alternate payees (under qualified domestic relations orders, as defined in section 414(p) of the Code),
surviving Spouses or beneficiaries.
5.6.3. This Section shall apply to all Participants, including Participants who had a Severance from Service Date or
ceased to be Covered Employees prior to the Effective Date.
Section 5.7. Mode of Distribution of Retirement or Disability Benefits .
5.7.1. Except as provided to the contrary in this Article, a Participant may elect in writing to have his nonforfeitable
interest in his Account paid to him or applied for his benefit in accordance with any of the following modes of payment:
(a) in the case of a Participant whose nonforfeitable interest in his Account exceeds $5,000, approximately
equal annual or quarterly installments over a period not to exceed the lesser of:
(1) the life expectancy of the Participant or the joint and survivor life expectancy of the Participant
and his beneficiary (with such life expectancy to be determined in accordance with applicable regulations under the Code); or
(2) unless the sole beneficiary is the Participant’s Spouse, the maximum number of years permitted
by section 401(a)(9) of the Code and the applicable regulations; or
(b) a single sum payment in cash, except that a Participant may elect to receive the portion of his Account
invested in Company Stock and/or Investment Stock in the form of shares.
(c) in the case of a Participant who was a participant in the CCCHI Plan, a Participant may withdraw up to
ninety-five percent (95%) of his Account, in increments of not less than $500. A surviving beneficiary of such a Participant may also make
withdrawal in accordance with this Section 5.7.1(c).
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