Comcast 2014 Annual Report Download - page 253

Percentage” and “Contribution Percentage”
in this Article (except as otherwise provided in such definitions), the Company may elect to consider
only Compensation as defined above for that portion of the Plan Year during which the Employee was an Eligible Employee, provided that this
election is applied uniformly to all Eligible Employees for the Plan Year.
(b) for the purposes of Article XIII and Section 3.11, subject to the limitations set forth in subsection (c) of this
definition, the Employee’s wages as reported on Form W-2 ( i.e. , wages as defined in section 3401(a) of the Code and all other payments of
compensation for which the Participating Company is required to furnish the employee a written statement under sections 6041(d) and 6051(a)
(3) of the Code); provided that , Compensation shall include any elective deferral as defined by section 402(g)(3) of the Code, all employee
contributions to an annuity under section 403(b) of the Code, and any amount which is contributed or deferred by a Participating Company or
Affiliated Company at the election of the Employee and which is not includible in the gross income of the Employee by reason of sections 125,
132(f) or 457 of the Code.
(c) Only compensation not in excess of $255,000, as adjusted for cost-of-living increases in accordance with section 401
(a)(17)(B) of the Code, shall be considered for all purposes under the Plan. The limitation described in this subsection (c) shall be applied
beginning from the first day of the Plan Year regardless of whether the applicable Employee transfers employment between the NBCUniversal
and its subsidiaries and the Company and its subsidiaries during such Plan Year.
(d) For purposes of Article III, except Section 3.11, as applied to Covered Union Employees (Broadband),
Compensation shall mean base pay (prior to reductions under sections 125 and 401(k) of the Code), bonuses (other than STIP and executive
STIP listed below), payments received under the Company Sickness and Accident Disability Plan or short term disability payments under the
Company Disability Plan, commissions, and buyout of base pay due to demotion or resulting from pay parity, but shall not include: (1) shift,
expatriate, and geographic differentials, overtime, non-cash payments, relocation allowances and special cash payments such as hire, stay or
referral payments; (2) payments under the Short-Term Incentive Program (STIP), and executive bonuses including long-term payments and
Executive Short-Term Incentive Plan (ESTIP); (3) payments made for waiver of medical coverage, previously deferred compensation, exercise
of stock options, gross-
up amounts or cashout of paid time off; (4) deferred compensation in any nonqualified plan; or (5) any compensation that
is paid with an effective date after retirement or termination of employment.
(e) Notwithstanding anything in the Plan to the contrary, effective on and after January 1, 2006, Compensation shall not
include any payments of compensation as described above in subsections (a), (b) and (d) that are paid more than 75 calendar days after an
Employee’s Separation from Service.
“ Contribution Percentage ” means for any Early Entry Eligible Employee for a given Plan Year, the ratio of:
(a) the sum of
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