Comcast 2014 Annual Report Download - page 194

(C) No Initial Election with respect to Compensation expected to be earned in a Plan Year shall be effective if the sum
of (x) the value of the Eligible Employee’s Account in the Plan, plus (y) the value of the Eligible Employee’s Account in the Prior Plan, plus
(z) the value of the Eligible Employee’s Account in the Restricted Stock Plan to the extent such Account is credited to the “Income Fund”
thereunder, exceeds the Contribution Limit with respect to such Plan Year, determined as of September 30 immediately preceding such Plan
Year.
2.36. “ NBCUniversal ” means NBCUniversal, LLC and its subsidiaries.
2.37. “ New Key Employee ” means:
(a) Effective before January 1, 2014, and except as provided in Section 2.37(e), each employee of a Participating Company other
than NBCUniversal and Comcast Spectacor:
(i) who becomes an employee of a Participating Company and has an Annual Rate of Pay of $200,000 or more as of his
employment commencement date, or
(ii) who has an Annual Rate of Pay that is increased to $200,000 or more and who, immediately preceding such increase, was
not an Eligible Employee.
(b) Effective after December 31, 2013, and except as provided in Section 2.37(e), each employee of a Participating Company other
than NBCUniversal and Comcast Spectacor:
(i) who (x) becomes an employee of a Participating Company and (y) has an Annual Rate of Pay of $250,000 or more as of
his employment commencement date, or
(ii) who (x) has an Annual Rate of Pay that is increased to $250,000 or more and (y) immediately preceding such increase,
was not an Eligible Employee.
(c) Each employee of NBCUniversal who (x) first becomes a member of the NBCUniversal Operating Committee and approved by
the Administrator during a Plan Year and (y) immediately preceding the effective date of such membership, was not an Eligible Employee.
(d) Effective on and after May 20, 2014, each employee of Comcast Spectacor:
(i) who (x) becomes an employee of Comcast Spectacor, (y) has an Annual Rate of Pay of $350,000 or more as of his
employment commencement date and (z) is designated as an Eligible Comcast Spectacor Employee by the Administrator or its delegate, or
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