Comcast 2014 Annual Report Download - page 219

constitute an unforeseeable emergency and thus a Hardship within the meaning of this Paragraph 2(dd). Following a uniform procedure, the
Committee’s determination shall consider any facts or conditions deemed necessary or advisable by the Committee, and the Grantee shall be
required to submit any evidence of the Grantee’s circumstances that the Committee requires. The determination as to whether the Grantee’s
circumstances are a case of Hardship shall be based on the facts of each case; provided however, that all determinations as to Hardship shall be
uniformly and consistently made according to the provisions of this Paragraph 2(dd) for all Grantees in similar circumstances.
(ee) “ High Water Mark ” means:
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8
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(i) With respect to amounts credited to the Income Fund on account of Diversification Elections made in 2014, the highest of the
sum of the amounts described in (A), (B) and (C) below as of the last day of any calendar quarter beginning after
December 31, 2008 and before October 1, 2013:
(A)
the Grantee
’
s Account under the 2005 Deferred Compensation Plan; plus
(B)
the Grantee
’
s Account under the 2002 Deferred Compensation Plan; plus
(C)
the portion of the Grantee
’
s Account under this Plan credited to the Income Fund.
(ii) With respect to amounts credited to the Income Fund on account of Diversification Elections and Special Diversification
Elections made after 2014, the sum of (x) plus (y) where (x) equals the highest of the sum of the amounts described in
Section 2(ee)(i)(A), (B) and (C) 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:
(A) The amount credited to a Grantee’s Account under Section 3.8 of the 2005 Deferred Compensation Plan 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
(B) The deferred portion of a Grantee’s cash bonus award earned for 2013 and payable, but for the Grantee’s deferral
election under the 2005 Deferred Compensation Plan after December 31, 2013 and on or before September 30, 2014;
plus