Comcast 2014 Annual Report Download - page 232

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(
B)
No approval is required for a Diversification Election other than a Special Diversification Election.
(ii) Committee Approval of Special Diversification Elections
. The opportunity to make a Special Diversification Election and the
extent to which a Special Diversification Election applies to Deferred Stock Units credited to the Company Stock Fund may
be approved or rejected by the Committee or its delegate in its sole discretion. A Special Diversification Election shall only be
effective if (and to the extent) approved by the Committee or its delegate.
(iii) Timing and Manner of Making Diversification Elections . Each Grantee and, in the case of a Deceased Grantee, the
Successor-in-Interest, may make a Diversification Election to convert up to 40 percent (or in the case of a Special
Diversification Election, up to the approved percentage) of Deferred Stock Units attributable to such Award credited to the
Company Stock Fund to the Income Fund. No deemed transfers shall be permitted from the Income Fund to the Company
Stock Fund. Diversification Elections under this Paragraph 8(k)(iii) shall be prospectively effective on the later of: (A) the
date designated by the Grantee on a Diversification Election filed with the Committee; or (B) the business day next following
the lapse of six months from the date Deferred Stock Units subject to the Diversification Election are credited to the Grantee’
s
Account. In no event may a Diversification Election be effective earlier than the business day next following the lapse of six
(6) months from the date Deferred Stock Units are credited to the Account following the lapse of restrictions with respect to
an Award.
(iv) Timing of Credits . Account balances subject to a Diversification Election under this Paragraph 8(k) shall be deemed
transferred from the Company Stock Fund to the Income Fund immediately following the effective date of such
Diversification Election. The value of amounts deemed invested in the Income Fund immediately following the effective date
of a Diversification Election shall be based on hypothetical sales of Common Stock or Special Common Stock, as applicable,
underlying the liquidated Deferred Stock Units at Fair Market Value as of the effective date of a Diversification Election.
(v) Diversification Limit . No Diversification Election or Special Diversification Election during a calendar year by an Eligible
Employee shall be effective if the sum of (x) the value of the Eligible Employee’s Account in the 2005 Deferred
Compensation Plan, plus (y) the value of the Eligible Employee
’
s Account in the