Comcast 2014 Annual Report Download - page 214

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(B) The Applicable Interest Rate with respect to amounts credited to the Income Fund that are attributable to (1) dividends
and other distributions credited with respect to Deferred Stock Units that are deferred pursuant to Initial Elections made
on or after January 1, 2010 and before January 1, 2014 and (2) Diversification Elections and Special Diversification
Elections made on or after January 1, 2010 and before January 1, 2014, shall be the interest rate that, when compounded
annually pursuant to rules established by the Committee from time to time, is mathematically equivalent to 12% per
annum, or such other interest rate established by the Committee from time to time.
(C) Effective with respect to amounts credited to the Income Fund that are attributable to (1) dividends and other
distributions credited with respect to Deferred Stock Units that are deferred pursuant to Initial Elections made on or
after January 1, 2014, and (2) Diversification Elections and Special Diversification Elections made on or after
January 1, 2014, the “Applicable Interest Rate” shall be the Applicable Interest Rate that applies to “Protected Benefits”
under the Comcast Corporation 2005 Deferred Compensation Plan (the “2005 Deferred Compensation Plan”) if, as of
the September 30 immediately preceding the Plan Year to which the Initial Election or Diversification Election
applies, the sum of (x) the Grantee’s Account under the 2005 Deferred Compensation Plan, plus (y) the Grantee’s
Account under the Comcast Corporation 2002 Deferred Compensation Plan (the “2002 Deferred Compensation Plan”),
plus (z) the portion of the Grantee’s Account under this Plan credited to the Income Fund, is less than the High Water
Mark. If the conditions described in the preceding sentence do not apply, the “Applicable Interest Rate” shall be the
Applicable Interest Rate that applies under the 2005 Deferred Compensation Plan to amounts credited pursuant to Initial
Elections with respect to compensation earned after December 31, 2013, that are not Protected Benefits.
(ii) Effective for the period beginning as soon as administratively practicable following a Grantee’s employment termination date
to the date the Grantee’s Account is distributed in full, the Committee, in its sole and absolute discretion, may designate the
term “Applicable Interest Rate” for such Grantee’s Account to mean the lesser of: (A) the rate in effect under Paragraph 2(f)
(i) or (B) the interest rate that, when compounded annually pursuant to
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