Comcast 2014 Annual Report Download - page 283

ARTICLE VI
VESTING
Section 6.1. Nonforfeitable Amounts . A Participant shall have a 100% nonforfeitable interest at all times in the following Accounts:
(1) After-Tax Matched Contribution Account, (2) After-Tax Unmatched Contribution Account, (3) Catch-Up Contribution Account,
(4) Matching Contribution Account, (5) After-Tax Rollover Account, (6) Pre-Tax Matched Contribution Account, (7) Pre-Tax Unmatched
Contribution Account, (8) Prior Company Matching Contribution Account (Vested), (9) DC Adder Contribution Account, (10) QNEC Account,
(11) Roth Catch-Up Contribution Account, (12) Roth Matched Contribution Account, (13) Roth Rollover Account, (14) Roth Unmatched
Contribution Account, and (15) Taxable Rollover Account.
Section 6.2. Vesting of Comcast Retirement Contributions . Each Participant shall become vested in the following portion of his Comcast
Retirement Contribution Account:
Notwithstanding the foregoing, a Participant shall have a 100% nonforfeitable interest in his Comcast Retirement Contribution Account upon his
attainment of his Normal Retirement Date, his death or his Total Disability, provided the Participant is an Active Participant at the time of the
occurrence of such event.
A Participant shall have such nonforfeitable interest in any Accounts not referenced in either Section 6.1 of 6.2 as determined pursuant to the
rules of the Plan as in effect on December 31, 2009.
Section 6.3. Years of Service for Vesting .
6.3.1. For the purposes of this Article, an Employee shall be credited with Years of Service equal to the number of whole years in all
of the Employee’s Periods of Service. To determine the number of whole years in all of an Employee’s Periods of Service, non-contiguous
periods shall be aggregated.
6.3.2. Years of Service shall be calculated on the basis that 30 days equals a completed month or one-twelfth (1/12) of a year and
twelve completed months equal one year.
6.3.3. If a former Employee is reemployed by a Participating Company or an Affiliated Company before he incurs a One-
Year Period
of Severance and if such Employee’s Period of Severance commenced with a quit, discharge or retirement, the Employee shall be credited with
Years of Service for the Period of Severance.
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40
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Years of Service
Vested Percentage
Less than 2 years
0%
2 years but less than 3 years
20%
3 years but less than 4 years
40%
4 years but less than 5 years
60%
5 years but less than 6 years
80%
6 years or more
100%