Comcast 2014 Annual Report Download - page 268

Notwithstanding the foregoing, an Employee who is otherwise eligible to receive an allocation of the Comcast Retirement Contribution for a
Plan Year may elect to not receive such allocation provided (i) such Employee has a sincere religious objection to receiving such contribution
and (ii) not later than the last day of the Plan Year to which such contribution relates, such Employee executes a waiver in a form provided by
the Committee pursuant to which such Employee elects not to receive an allocation of the Comcast Retirement Contribution and releases the
Plan, the Company and their respective affiliates from any and all claims related to not receiving such allocation.
Section 3.7. Timing and Deductibility of Contributions . Participating Company contributions for any Plan Year under this Article shall be
made no later than the last date on which amounts so paid may be deducted for Federal income tax purposes for the taxable year of the employer
in which the Plan Year ends. All Participating Company contributions are expressly conditioned upon their deductibility for Federal income tax
purposes. Amounts contributed as Pre-Tax Contributions, After-Tax Contributions, Catch-Up Contributions, Roth Contributions, Roth Catch-
Up
Contributions, After-Tax Rollover Contributions, Taxable Rollover Contributions, and Roth Rollover Contributions will be remitted to the
Trustee as soon as practicable.
Section 3.8. Fund . The contributions deposited by the Participating Company in the Fund in accordance with this Article shall constitute a
fund held for the benefit of Participants and their eligible beneficiaries under and in accordance with this Plan. No part of the principal or income
of the Fund shall be used for, or diverted to, purposes other than for the exclusive benefit of such Participants and their eligible beneficiaries
(including necessary administrative costs); provided, that in the case of a contribution made by the Participating Company as a mistake of fact,
or for which a tax deduction is disallowed, in whole or in part, by the Internal Revenue Service, the Participating Company shall be entitled to a
refund of said contributions, which must be made within one year after payment of a contribution made as a mistake of fact, or within one year
after disallowance.
Section 3.9. Limitation on Pre-Tax Contributions and Matching Contributions .
3.9.1. For any Plan Year, the Average Actual Deferral Percentage for the Highly Compensated Early Entry Eligible Employees for
the current Plan Year shall not exceed the greater of:
(a) one hundred twenty-five percent (125%) of the Average Actual Deferral Percentage for all other Early Entry Eligible
Employees for the preceding Plan Year; or
(b) the lesser of:
(1) two hundred percent (200%) of the Average Actual Deferral Percentage for all other Early Entry Eligible Employees
for the preceding Plan Year; or
(2) two percent (2%) plus the Average Actual Deferral Percentage for all other Early Entry Eligible Employees for the
preceding Plan Year.
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