Comcast 2014 Annual Report Download - page 195

(ii) who (x) is designated as an Eligible Comcast Spectacor Employee by the Administrator or its delegate, (y) has an Annual
Rate of Pay that is increased to $350,000 or more and (z) immediately preceding such increase, was not an Eligible Employee.
(e) Notwithstanding Section 2.37(a), (b), (c) or (d) to the contrary, no employee shall be treated as a New Key Employee with respect
to any Plan Year under this Section 2.37 if:
(i) Such employee was eligible to participate in another plan sponsored by the Company or an Affiliate of the Company which
is considered to be of a similar type as defined in Treasury Regulation Section 1.409A -1(c)(2)(i)(A) or (B) with respect to such Plan Year; or
(ii) Such employee has been eligible to participate in the Plan or any other plan referenced in Section 2.37(e)(i) (other than
with respect to the accrual of earnings) at any time during the 24-month period ending on the date such employee would, but for this
Section 2.37(e), otherwise become a New Key Employee.
2.38. “ Normal Retirement ” means:
(a) For a Participant who is an employee of a Participating Company immediately preceding his termination of employment, a
termination of employment that is treated by the Participating Company as a retirement under its employment policies and practices as in effect
from time to time; and
(b) For a Participant who is an Outside Director or Director Emeritus immediately preceding his termination of service, the
Participant’s normal retirement from the Board.
2.39. “ Outside Director ” means a member of the Board, who is not an employee of a Participating Company.
2.40. “ Participant ” means each individual who has made an Initial Election, or for whom an Account is established pursuant to
Section 5.1, and who has an undistributed amount credited to an Account under the Plan, including an Active Participant, a Deceased Participant
and an Inactive Participant.
2.41. “ Participating Company ” means the Company, Comcast Spectacor and each other Affiliate of the Company in which the Company
owns, directly or indirectly, 50 percent or more of the voting interests or value, other than such an affiliate designated by the Administrator as an
excluded Affiliate. Notwithstanding the foregoing, the Administrator may delegate its authority to designate an eligible Affiliate as an excluded
Affiliate under this Section 2.41 to an officer of the Company or committee of two or more officers of the Company.
2.42. “ Performance-Based Compensation ” means “Performance-Based Compensation” within the meaning of Section 409A.
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