Comcast 2014 Annual Report Download - page 267

Section 3.6. Comcast Retirement Contributions .
3.6.1. Contribution . With respect to each Plan Year, the Participating Companies may, in the discretion of the Company and subject
to the limitations of Section 3.11 of the Plan, contribute to the Fund, for each Eligible Employee described in Section 3.6.2 below, an additional
amount of up to 1% of such Eligible Employee’s Base Pay (or, in the case of an Eligible Employee eligible to receive commission-based
compensation, such Eligible Employee’s Annual Benefit Base Rate) for the applicable the Plan Year. The determination of whether a Comcast
Retirement Contribution will be allocated to Eligible Employees for a particular Plan Year shall be made by the EVP no later than the date on
which such contribution may be declared and remain attributable to such Plan Year.
3.6.2. Eligibility . An Employee is eligible to receive a Comcast Retirement Contribution for a particular Plan Year in accordance
with Section 3.6.1 above if such Employee meets each of the conditions described in (a), (b) and (c) below:
(a) Such Employee’s Employment Commencement Date occurs prior to October 1 of the applicable Plan Year;
(b) Such Employee is an Employee on the last day of the applicable Plan Year (including an Employee on an approved leave
of absence as of such date); and
(c) Such Employee is not (i) eligible to participate in the Comcast Corporation 2005 Deferred Compensation Plan (or any
successor Plan), (ii) a Highly Compensated Employee for the applicable Plan Year, (iii) an Eligible Employee with an Employment
Commencement Date or Reemployment Commencement Date during the applicable Plan Year whose Annual Rate of Pay is greater than the
annual dollar amount set forth in section 414(q)(1)(B)(i) of the Code for purposes of determining Highly Compensated Employees for the
applicable Plan Year, or (iv) an Eligible Employee with an Employment Commencement Date or Reemployment Commencement Date during
the immediately preceding Plan Year whose Annual Rate of Pay for both the immediately preceding Plan Year and the applicable Plan Year is
greater than the annual dollar amount set forth in section 414(q)(1)(B)(i) of the Code for purposes of determining Highly Compensated
Employees for the applicable Plan Year.
In the event that an Employee is eligible to receive an allocation of the Comcast Retirement Contribution for a particular Plan Year pursuant to
the conditions described above and such Employee is employed by NBCUniversal or one of its subsidiaries as of the last day of the Plan Year
due to a transfer of employment from the Company or one of its subsidiaries (other than NBCUniversal and its subsidiaries) during such Plan
Year, such eligible Employee’s allocation of the Comcast Retirement Contribution for that Plan Year will be determined solely with respect to
the Base Pay (or Annual Benefit Base Rate, as applicable) received by such Employee for the portion of the Plan Year he or she was employed
by the Company or one of its subsidiaries (other than NBCUniversal and its subsidiaries).
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