Comcast 2014 Annual Report Download - page 212

Exhibit 10.10
COMCAST CORPORATION
2002 RESTRICTED STOCK PLAN
(a) Amendment and Restatement of Plan . COMCAST CORPORATION, a Pennsylvania corporation, hereby amends and restates the
Comcast Corporation 2002 Restricted Stock Plan (the “Plan”). The purpose of the Plan is to promote the ability of Comcast Corporation to
recruit and retain employees and enhance the growth and profitability of Comcast Corporation by providing the incentive of long-term awards
for continued employment and the attainment of performance objectives.
(b) Purpose of the Amendment; Credits Affected . The Plan was previously amended and restated, effective January 1, 2005 in order (i) to
preserve the favorable tax treatment available to amounts deferred pursuant to the Plan before January 1, 2005 and the earnings credited in
respect of such amounts (each a “Grandfathered Amount”) in light of the enactment of section 409A of the Internal Revenue Code of 1986, as
amended (the “Code”) as part of the American Jobs Creation Act of 2004, and the issuance of various Notices, Announcements, Proposed
Regulations and Final Regulations thereunder (collectively, “Section 409A”), and (ii) with respect to all other amounts eligible to be deferred
under the Plan, to comply with the requirements of Section 409A. Grandfathered Amounts will continue to be subject to the terms and conditions
of the Plan as in effect prior to January 1, 2005. All amounts eligible to be deferred under the Plan other than Grandfathered Amounts will be
subject to the terms of this amendment and restatement of the Plan and Section 409A.
(c) Reservation of Right to Amend to Comply with Section 409A . In addition to the powers reserved to the Board and the Committee
under Paragraph 14 of the Plan, the Board and the Committee reserve the right to amend the Plan, either retroactively or prospectively, in
whatever respect is required to achieve and maintain compliance with the requirements of the Section 409A.
(d) Deferral Provisions of Plan Unfunded and Limited to Select Group of Management or Highly Compensated Employees . Deferral
Eligible Grantees and Non-Employee Directors may elect to defer the receipt of Restricted Stock and Restricted Stock Units as provided in
Paragraph 8. The deferral provisions of Paragraph 8 and the other provisions of the Plan relating to the deferral of Restricted Stock and
Restricted Stock Units are unfunded and maintained primarily for the purpose of providing a select group of management or highly compensated
employees the opportunity to defer the receipt of compensation otherwise payable to such eligible employees in accordance with the terms of the
Plan.
(e) References to Written Forms, Elections and Notices . Any action under the Plan that requires a written form, election, notice or other
action shall be treated as completed if taken via electronic or other means, to the extent authorized by the Committee.
1.
BACKGROUND AND PURPOSE