Comcast 2014 Annual Report Download - page 264

ARTICLE III
CONTRIBUTIONS TO THE PLAN
Section 3.1. Pre-Tax Contributions, Catch-Up Contributions and Roth Contributions .
3.1.1. When an Eligible Employee files an election under Section 2.3 to have Pre-Tax Contributions made on his behalf, he shall
elect the percentage by which his Compensation shall be reduced on account of such Pre-Tax Contributions. Subject to Section 3.9, this
percentage may be between one percent (1%) and fifty percent (50%) of such Compensation, rounded to the nearer half percentage (0.5%). An
automatically enrolled Eligible Employee’s Pre-Tax Contributions will, unless and until changed or discontinued by the Eligible Employee in
accordance with Sections 3.2 or 3.3 and subject to Section 3.10, be equal to three percent (3%) (or, in the case of an Eligible Employee
automatically enrolled prior to January 1, 2013, 2% ) of the Eligible Employee’s Compensation in the first Plan Year in which such Eligible
Employee is automatically enrolled in the Plan. The Pre-Tax Contribution percentage of an Eligible Employee hired on or after January 1, 2013
will, unless otherwise elected by the Eligible Employee, increase by one percent (1%), up to a maximum of ten percent (10%) of the Eligible
Employee’
s Compensation, each subsequent Plan Year beginning on the anniversary occurring in that subsequent Plan Year of the date on which
such Eligible Employee was first enrolled in the Plan. The Participating Company shall contribute an amount equal to such percentage of the
Eligible Employee’s Compensation to the Fund for credit to the Eligible Employee’s Pre-Tax Matched Contribution Account and/or Pre-Tax
Unmatched Contribution Account, as applicable, provided that such contributions may be prospectively limited as provided in Section 3.10.
3.1.2. Pre-Tax Contributions made on behalf of an Eligible Employee under this Plan, together with elective deferrals under any
other plan or arrangement maintained by any Participating Company or Affiliated Company, shall not exceed $17,500 (as adjusted in accordance
with section 402(g) of the Code and regulations thereunder) for any calendar year. To the extent necessary to satisfy this limitation for any year:
(a) elections under Section 3.1.1 shall be prospectively restricted; and
(b) after application of Section 3.1.2(a), the excess Pre-Tax Contributions and excess elective deferrals under any other plan
or arrangement maintained by any Participating Company or Affiliated Company (with earnings thereon, but reduced by any amounts previously
distributed under Section 3.10.1 for the year) shall be paid to the Participant on or before the April 15 first following the calendar year in which
such contributions were made.
If the Pre-Tax Contributions plus elective deferrals described above do not exceed such limitation, but Pre-Tax Contributions, plus the elective
deferrals, as defined in section 402(g)(3) of the Code, under any other plan for any Participant exceed such limitation for any calendar year, upon
the written request of the Participant made on or before the March 1 first following such calendar year, the excess, including any earnings
attributable thereto, designated by the Participant to be distributed from the Plan shall be paid to the Participant on or before the April 15 first
following such calendar year.
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