Comcast 2014 Annual Report Download - page 305

ARTICLE XII
AMENDMENT OR TERMINATION OF THE PLAN
Section 12.1. Power of Amendment and Termination .
12.1.1. It is the intention of each Participating Company that this Plan will be permanent. However, each Participating Company
reserves the right to terminate its participation in this Plan at any time by action of its board of directors or other governing body. Furthermore,
the Company reserves the power to amend or terminate the Plan at any time and to any extent by action of the Board of Directors.
12.1.2. In addition,
(a) the Compensation Committee of the Board of Directors may approve any amendment to the Plan; and
(b) the EVP may approve any amendment to the Plan:
(i) that is required by law or necessary or appropriate to maintain the Plan as a plan meeting the requirements of Code
section 401(a), retroactively if necessary or appropriate;
(ii) that is necessary to make clarifying changes or to correct a drafting error;
(iii) to designate as a Participating Company, any organization subject to the adoption of the Plan by action of such
organization’s board of directors or other governing body, provided that as a result of such designation, the number of individuals reasonably
expected to become eligible to participate in the Plan does not exceed 1,000;
(iv) to exclude from status as a Participating Company any subsidiary of the Company which is eligible to file a
consolidated federal income tax return with the Company, provided that as a result of such exclusion, the number of individuals reasonably
expected to be excluded from eligibility to participate in the Plan does not exceed 1,000; or
(v) that is not expected to increase the costs of the Plan by more than $10 million annually based on a reasonable
actuarial or other estimate.
12.1.3 Any amendment or termination of the Plan shall become effective as of the date designated by the Board of Directors, the
Compensation Committee of the Board of Directors or EVP; provided however, that an amendment to the Plan shall not be effective to the
extent that it has the effect of decreasing a Participant’s accrued benefit under section 411(d)(6) of the Code. Except as expressly provided
elsewhere in the Plan, prior to the satisfaction of all liabilities with respect to the benefits provided under this Plan, no amendment or termination
shall cause any part of the monies contributed hereunder to revert to the
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