Comcast 2014 Annual Report Download - page 227

Award may provide for Restricted Stock or Restricted Stock Units to vest in installments, as determined by the Committee. The Committee may,
in its sole discretion, waive, in whole or in part, any remaining conditions to vesting with respect to such Grantee’s Restricted Stock or
Restricted Stock Units, provided that for avoidance of doubt, such unilateral discretion shall not apply to any grant of rights that is designated as
intended to satisfy the rules for performance-based compensation under section 162(m) of the Code. All references to Shares in Awards granted
before the consummation of the AT&T Broadband Transaction as to which a Vesting Date has not occurred shall be deemed to be references to
Special Common Stock.
(f) Rights of the Grantee . Grantees may have such rights with respect to Shares subject to an Award as may be determined by the
Committee and set forth in the Award, including the right to vote such Shares, and the right to receive dividends paid with respect to such
Shares. A Grantee whose Award consists of Restricted Stock Units shall not have the right to vote with respect to such Restricted Stock Units.
With respect to Awards of Restricted Stock Units granted prior to March 1, 2015, a Grantee shall not have the right to receive dividend
equivalents with respect to such Restricted Stock Units.
(g) Dividend Equivalents . With respect to Awards of Restricted Stock Units granted on and after March 1, 2015, the Committee may, in
its discretion, provide for the payment of dividend equivalents with respect to Restricted Stock Units, which may be paid directly to the Grantee,
accrued and paid by the Company at such time or times specified in the applicable agreement specifying the terms of an Award, or treated as
reinvested in additional Restricted Stock Units, or a combination thereof, as determined by the Committee in its sole discretion.
(h) Termination of Grantee’s Employment . A transfer of an Eligible Employee between two employers, each of which is a Participating
Company, shall not be deemed a termination of employment. In the event that a Grantee terminates employment with all Participating
Companies, all Restricted Shares and/or Restricted Stock Units as to which a Vesting Date has not occurred shall be forfeited by the Grantee and
deemed canceled by the Company.
(i) Delivery of Shares
. For purposes of the Plan, the Company may satisfy its obligation to deliver Shares issuable under the Plan either by
(i) delivery of a physical certificate for Shares issuable under the Plan or (ii) arranging for the recording of Grantee’s ownership of Shares
issuable under the Plan on a book entry recordkeeping system maintained on behalf of the Company. Except as otherwise provided by Paragraph
8, when a Vesting Date occurs with respect to all or a portion of an Award of Restricted Stock or Restricted Stock Units, the Company shall
notify the Grantee that a Vesting Date has occurred, and shall deliver to the Grantee (or the Grantee’s Successor-in-
Interest) Shares as to which a
Vesting Date has occurred (or in the case of Restricted Stock Units, the number of Shares represented by such Restricted Stock Units) without
any legend or restrictions (except those that may be imposed by the Committee, in its sole judgment, under Paragraph 9(a)). The right to
payment of any fractional Shares that may have accrued shall be satisfied in cash, measured by the product of the fractional amount times the
Fair Market Value of a Share at the Vesting Date, as determined by the Committee.
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