Comcast 2014 Annual Report Download - page 192

(ii) Such Eligible Comcast Employee’s Account in the Prior Plan; plus
(iii) Such Eligible Comcast Employee’s Account in the Restricted Stock Plan to the extent such Account is credited to the
“Income Fund.”
(b) With respect to amounts credited pursuant to an Eligible Comcast Employee’s Initial Elections on account of Compensation
earned after 2014, the sum of (x) plus (y) where (x) equals the highest of the sum of the amounts described in Section 2.32(a)(i), (ii) and (iii) as
of the last day of any calendar quarter beginning after December 31, 2008 and before January 1, 2014, and (y) equals the sum of:
(i) The amount credited to an Eligible Comcast Employee’s Account pursuant to Section 3.8 after December 31, 2013 and on
or before September 30, 2014 that is contractually committed pursuant to an employment agreement entered into on or before December 31,
2013; plus
(ii) The deferred portion of an Eligible Comcast Employee’s cash bonus award earned for 2013 and payable, but for the
Eligible Comcast Employee’s Initial Deferral Election, after December 31, 2013 and on or before September 30, 2014; plus
(iii) The amount credited to the Eligible Comcast Employee’s “Income Fund” under the Restricted Stock Plan pursuant to a
“Diversification Election” made by an Eligible Comcast Employee before January 1, 2014 with respect to restricted stock units that vest under
the Restricted Stock Plan after December 31, 2013 and on or before September 30, 2014.
2.33. “ Inactive Participant ” means each Participant (other than a Retired Participant, Deceased Participant or Disabled Participant) who is
not in active service as an Outside Director or Director Emeritus and is not actively employed by a Participating Company.
2.34. “ Income Fund ” means a hypothetical investment fund pursuant to which income, gains and losses are credited to a Participant’s
Account as if the Account, to the extent deemed invested in the Income Fund, were credited with interest at the Applicable Interest Rate.
2.35. “ Initial Election .”
(a) Outside Directors and Directors Emeriti . With respect to Outside Directors and Directors Emeriti, the term “Initial Election”
means one or more written elections on a form provided by the Administrator and filed with the Administrator in accordance with Article 3,
pursuant to which an Outside Director or Director Emeritus may:
(i) Elect to defer any portion of the Compensation payable for the performance of services as an Outside Director or a
Director Emeritus, net of required withholdings and deductions as determined by the Administrator in its sole discretion; and
(ii) Designate the time of payment of the amount of deferred Compensation to which the Initial Election relates.
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