Comcast 2013 Annual Report Download - page 319

each subsequent Plan Year beginning on the anniversary occurring in that subsequent Plan Year of the date on which such Eligible Employee
was first enrolled in the Plan. The Participating Company shall contribute an amount equal to such percentage of the Eligible Employee’s
Compensation to the Fund for credit to the Eligible Employee’s Pre-Tax Contribution Account.
(b) Catch-Up Contributions . Eligible Employees who have attained Age 50 before the close of any Plan Year and who
have previously contributed at least 4.5% of their Compensation as Pre-Tax Contributions or Roth Contributions during such Plan Year shall be
eligible to make Catch-Up Contributions during that Plan Year. Catch-Up Contributions shall be expressed as a percentage of Compensation
between one percent (1%) and thirty percent (30%) (rounded to the nearer one-half percentage (
1
⁄
2
%)) and may be designated as either Pre-
Tax Catch-Up Contributions or Roth Catch-Up Contributions. Catch-Up Contributions shall not be taken into account for purposes of the
provisions of the Plan implementing the required limitations of sections 402(g) and 415 of the Code. The Plan shall not be treated as failing to
satisfy the provisions of the Plan implementing the requirements of section 401(k)(3), 401(k)(11), 401(m)(12), 410(b) or 416 of the Code, as
applicable, by reason of the making of such Catch-Up contributions. Catch-
Up Contributions shall not be matched pursuant to Section 3.2 of this
Exhibit B .
(c) Roth Contributions . An Eligible Employee may elect, on a form prescribed by the Committee, to contribute, in lieu
of all or a portion of the Pre-Tax Contributions and/or Pre-Tax Catch-Up Contributions the Participant is otherwise eligible to make under the
Plan, Roth Contributions and/or Roth Catch-Up Contributions to the Plan. Such Roth Contributions and Roth Catch-Up Contributions shall be
allocated to the Eligible Employee’s Roth Contribution Account or Roth Catch-Up Contribution Account, as applicable. Roth Contributions and
Roth Catch-Up Contributions shall be: (i) irrevocably designated as such by the Eligible Employee at the time of the election described in
Sections 3.1(a) or (b) that is being made in lieu of all or a portion of the Pre-Tax Contribution and/or Pre-Tax Catch-Up Contributions the
Eligible Employee is otherwise eligible to make under the Plan; and (ii) treated by the Participating Company as includible in the Eligible
Employee’s income at the time the Participant would have received that amount in cash if the Eligible Employee had not made an election
described in Sections 3.1(a) or (b). Unless specifically stated otherwise, Roth Contributions shall be treated as Pre-Tax Contributions for all
purposes of the Plan (including, without limitation, Matching Contributions under Section 3.2) and Roth Catch-
Up Contributions shall be treated
as Pre-Tax Catch-Up Contributions for all purposes of the Plan.
3.2. Matching Contributions . Subject to Sections 3.2(b) below and 3.10 of the Plan, the Participating Company shall
contribute to the Fund for each Payroll Period:
(a) with respect to each Active Participant, an amount equal to one hundred percent (100%) of such Participant’s Pre-
Tax Contributions for such Payroll Period not in excess of four and one-half percent (4
1
⁄
2
%) of his Compensation for such Payroll Period.
(b) True-Up Contribution . Notwithstanding Section 3.2(a), 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
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