Comcast 2013 Annual Report Download - page 311

4. Required Minimum Distributions After Participant’s Death .
(A) Death On or After Date Distributions Begin .
(1) Participant Survived by Designated Beneficiary
. If the Participant dies on or after the date distributions
begin and there is a Designated Beneficiary, the minimum amount that will be distributed for each Distribution Calendar Year after the year of
the Participant’s death is the quotient obtained by dividing the Participant’s Account Balance by the longer of the remaining Life Expectancy of
the Participant or the remaining Life Expectancy of the Participant’s Designated Beneficiary, determined as follows:
(a) The Participant’s remaining Life Expectancy is calculated using the Age of the Participant in the
year of death, reduced by one for each subsequent year.
(b) If the Participant’s surviving Spouse is the Participant’s sole Designated Beneficiary, the
remaining Life Expectancy of the surviving Spouse is calculated for each Distribution Calendar Year after the year of the Participant’s death
using the surviving Spouse’s age as of the Spouse’s birthday in that year. For Distribution Calendar Years after the year of the surviving
Spouse’s death, the remaining Life Expectancy of the surviving Spouse is calculated using the age of the surviving Spouse as of the Spouse’s
birthday in the calendar year of the Spouse’s death, reduced by one for each subsequent calendar year.
(c) If the Participant’s surviving Spouse is not the Participant’s sole Designated Beneficiary,
the Designated Beneficiary’s remaining Life Expectancy is calculated using the age of the beneficiary in the year following the year of the
Participant’s death, reduced by one for each subsequent year.
(2) No Designated Beneficiary . If the Participant dies on or after the date distributions begin and there is
no Designated Beneficiary as of September 30 of the year after the year of the Participant’s death, the minimum amount that will be distributed
for each Distribution Calendar Year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s Account
Balance by the Participant’s remaining Life Expectancy calculated using the age of the Participant in the year of death, reduced by one for each
subsequent year.
(B) Death Before Date Distributions Begin .
(1) Participant Survived by Designated Beneficiary . If the Participant dies before the date distributions
begin and there is a Designated Beneficiary, the minimum amount that will be distributed for each Distribution Calendar Year after the year of
the Participant’s death is the quotient obtained by dividing the Participant’s Account Balance by the remaining Life Expectancy of the
Participant’s Designated Beneficiary, determined as provided in Section 4(A).
(2) No Designated Beneficiary . If the Participant dies before the date distributions begin and there is no
Designated Beneficiary as of September 30 of the year following the year of the Participant’s death, distribution of the Participant’s entire
interest will be completed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death.
(3) Death of Surviving Spouse Before Distributions to Surviving Spouse Are Required to Begin . If the
Participant dies before the date distributions begin, the Participant’s surviving Spouse is the Participant’s sole Designated Beneficiary, and the
surviving Spouse dies before distributions are required to begin to the surviving Spouse under Section 2(B)(1), this Section 4(B) will apply as if
the surviving Spouse were the Participant.
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