Comcast 2014 Annual Report Download - page 226

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Awards may be granted only to Eligible Employees and Non-Employee Directors.
The Committee may grant Awards in accordance with the Plan, provided that the Board or the Committee may grant Awards to Non-
Employee Directors authorized by the Comcast Corporation 2002 Non-Employee Director Compensation Plan, or otherwise. With respect to
Awards to Non-Employee Directors, the rules of this Paragraph 7 shall apply so that either the Board or the Committee acting alone shall have
all of the authority otherwise reserved in this Paragraph 7 to the Committee.
The terms and conditions of Awards shall be set forth in writing as determined from time to time by the Committee, consistent, however,
with the following:
(a) Time of Grant . All Awards shall be granted on or before May 11, 2021.
(b) Terms of Awards . The provisions of Awards need not be the same with respect to each Grantee. No cash or other consideration shall
be required to be paid by the Grantee in exchange for an Award.
(c) Awards and Agreements
. Each Grantee shall be provided with an agreement specifying the terms of an Award. In addition, a certificate
shall be issued to each Grantee in respect of Restricted Stock subject to an Award. Such certificate shall be registered in the name of the Grantee
and shall bear an appropriate legend referring to the terms, conditions and restrictions applicable to such Award. The Company may require that
the certificate evidencing such Restricted Stock be held by the Company until all restrictions on such Restricted Stock have lapsed.
(d) Restrictions . Subject to the provisions of the Plan and the Award, the Committee may establish a period commencing with the Date of
Grant during which the Grantee shall not be permitted to sell, transfer, pledge or assign Restricted Stock or Restricted Stock Units awarded
under the Plan.
(e) Vesting/Lapse of Restrictions . Subject to the provisions of the Plan and the Award, a Vesting Date for Restricted Stock or Restricted
Stock Units subject to an Award shall occur at such time or times and on such terms and conditions as the Committee may determine and as are
set forth in the Award; provided, however, that except as otherwise provided by the Committee, a Vesting Date shall occur only if the Grantee is
an employee of a Participating Company as of such Vesting Date, and has been an employee of a Participating Company continuously from the
Date of Grant. The
-
15
-
(
iii)
the delegate shall notify the Committee that he or she declines to continue to exercise such authority.
6.
ELIGIBILITY
7.
RESTRICTED STOCK AND RESTRICTED STOCK UNIT AWARDS