Comcast 2014 Annual Report Download - page 190

(c) Each employee of NBCUniversal, other than an employee who is described in Section 2.25, who, for the 2013 Plan Year:
(i) Is not a member of NBCUniversal’s Operating Committee;
(ii) Has been a participant in the NBCUniversal Supplementary Pension Plan for the period extending from January 29, 2011
through December 31, 2012;
(iii) Has an Annual Rate of Pay is $200,000 or more as of both (iii) the date on which an Initial Election is filed with the
Administrator for the 2013 Plan Year and (iv) January 1, 2013; and
(iv) Files an Initial Election with the Administrator for the 2013 Plan Year.
(d) Each Grandfathered Employee who is an employee of NBCUniversal.
(e) Each New Key Employee who is an employee of NBCUniversal,
2.29. “ Fair Market Value ”
(a) If shares of Company Stock are listed on a stock exchange, Fair Market Value shall be determined based on the last reported sale
price of a share on the principal exchange on which shares are listed on the date of determination, or if such date is not a trading day, the next
trading date.
(b) If shares of Company Stock are not so listed, but trades of shares are reported on the Nasdaq National Market, Fair Market Value
shall be determined based on the last quoted sale price of a share on the Nasdaq National Market on the date of determination, or if such date is
not a trading day, the next trading date.
(c) If shares of Company Stock are not so listed nor trades of shares so reported, Fair Market Value shall be determined by the
Committee in good faith.
2.30. “ Grandfathered Employee ” means:
(a) Effective before January 1, 2014:
(i) Each employee of a Participating Company other than NBCUniversal who, as of December 31, 1989, was eligible to
participate in the Prior Plan and who has been in continuous service to the Company or an Affiliate since December 31, 1989.
(ii) Each employee of a Participating Company other than NBCUniversal who was, at any time before January 1, 1995,
eligible to participate in the Prior Plan and whose Annual Rate of Pay was $90,000 or more as of both (A) the date on which an Initial Election is
filed with the Administrator and (B) the first day of each calendar year beginning after December 31, 1994.
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