Comcast 2014 Annual Report Download - page 228

A Grantee may elect to defer the receipt of Shares that would otherwise be issuable with respect to Restricted Stock Units as to which a
Vesting Date has not occurred, as provided by the Committee in the Award, consistent, however, with the following:
(a) Initial Election .
(b) Effect of Failure of Vesting Date to Occur . An Election shall be null and void if a Vesting Date with respect to the Restricted Stock
Units does not occur before the distribution date for Shares issuable with respect to such Restricted Stock Units identified in such Election.
(c) Deferral Period . Except as otherwise provided in Paragraph 8(d), all Shares issuable with respect to Restricted Stock Units that are
subject to an Election shall be delivered to the Grantee (or the Grantee’s Successor-in-Interest) without any legend or restrictions (except those
that may be imposed by the Committee, in its sole judgment, under Paragraph 9(a)), on the distribution date for such Shares designated by the
Grantee on the most recently filed Election. Except as otherwise specifically provided by the Plan, no distribution may be made earlier than
January 2nd of the third calendar year beginning after the Vesting Date, nor later than January 2nd of the eleventh calendar year beginning after
the Vesting Date. The distribution date may vary with each separate Election.
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8.
DEFERRAL ELECTIONS
(i) Election . Each Grantee who is a Non-Employee Director or a Deferral Eligible Employee shall have the right to defer the
receipt of some or all of the Shares issuable with respect to Restricted Stock Units as to which a Vesting Date has not yet
occurred, by filing an Initial Election to defer the receipt of such Shares on a form provided by the Committee for this
purpose.
(ii) Deadline for Initial Election . No Initial Election to defer the receipt of Shares issuable with respect to Restricted Stock Units
that are not Performance-Based Compensation shall be effective unless it is filed with the Committee on or before the 30
day following the Date of Grant and 12 or more months in advance of the applicable Vesting Date. No Initial Election to defer
the receipt of Shares issuable with respect to Restricted Stock Units that are Performance-Based Compensation shall be
effective unless it is filed with the Administrator at least six months before the end of the Performance Period during which
such Performance
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Based Compensation may be earned.
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