Comcast 2014 Annual Report Download - page 220

(ff) “ Income Fund ” means a hypothetical investment fund pursuant to which an amount equal to the Fair Market Value of Deferred Stock
Units subject to a Diversification Election is credited as of the effective date of such Diversification Election and as to which interest is credited
thereafter until the date of distribution at the Applicable Interest Rate. In addition, the Income Fund shall also be deemed to hold dividend
equivalents and earnings on dividend equivalents credited to a Grantee’
s Account as described in Section 2(b) and Section 2(p). Notwithstanding
any other provision of the Plan to the contrary, for purposes of determining the time and form of payment of amounts credited to the Income
Fund, the rules of the 2005 Deferred Compensation Plan shall apply on the same basis as if such amounts were credited to a participant’
s account
under such 2005 Deferred Compensation Plan.
(gg) “ Initial Election ” means a written election on a form provided by the Committee, pursuant to which a Grantee: (i) elects, within the
time or times specified in Paragraph 8(a), to defer the distribution date of Shares issuable with respect to Restricted Stock or Restricted Stock
Units; (ii) designates the distribution date of such Shares; or (iii) makes a tax withholding election as described in Paragraph 9(c)(iii).
(hh) “ New Key Employee ” means:
-
9
-
(C)
The amount credited to the Income Fund pursuant to a Diversification Election or Special Diversification Election made
by a Grantee before January 1, 2014 with respect to Restricted Stock Units that vest after December 31, 2013 and on or
before September 30, 2014.
(i)
Effective before January 1, 2014, each employee of a Participating Company who:
(A) 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
(B) has an Annual Rate of Pay that is increased to $200,000 or more and who, immediately preceding such increase, was
not a Deferral Eligible Employee.
(ii)
Effective on and after January 1, 2014, each employee of a Participating Company who:
(A) becomes an employee of a Participating Company and has an Annual Rate of Pay of $250,000 or more as of his
employment commencement date; or
(B) has an Annual Rate of Pay that is increased to $250,000 or more and who, immediately preceding such increase, was
not a Deferral Eligible Employee.