Comcast 2014 Annual Report Download - page 318

(1) Participant Survived by Designated Beneficiary . If the Participant dies on or after the date distributions begin and there is
a Designated Beneficiary, the minimum amount that will be distributed for each Distribution Calendar Year after the year of the Participant’s
death is the quotient obtained by dividing the Participant’s Account Balance by the longer of the remaining Life Expectancy of the Participant or
the remaining Life Expectancy of the Participant’s Designated Beneficiary, determined as follows:
(a) The Participant’s remaining Life Expectancy is calculated using the Age of the Participant in the year of death,
reduced by one for each subsequent year.
(b) If the Participant’s surviving Spouse is the Participant’
s sole Designated Beneficiary, the remaining Life Expectancy
of the surviving Spouse is calculated for each Distribution Calendar Year after the year of the Participant’s death using the surviving Spouse’s
age as of the Spouse’s birthday in that year. For Distribution Calendar Years after the year of the surviving Spouse’s death, the remaining Life
Expectancy of the surviving Spouse is calculated using the age of the surviving Spouse as of the Spouse’s birthday in the calendar year of the
Spouse’s death, reduced by one for each subsequent calendar year.
(c) If the Participant’s surviving Spouse is not the Participant’s sole Designated Beneficiary, the Designated
Beneficiary’s remaining Life Expectancy is calculated using the age of the beneficiary in the year following the year of the Participant’s death,
reduced by one for each subsequent year.
(2) No Designated Beneficiary . If the Participant dies on or after the date distributions begin and there is no Designated
Beneficiary as of September 30 of the year after the year of the Participant’s death, the minimum amount that will be distributed for each
Distribution Calendar Year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s Account Balance by the
Participant’
s remaining Life Expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.
(B) Death Before Date Distributions Begin .
(1) Participant Survived by Designated Beneficiary . If the Participant dies before the date distributions begin and there is a
Designated Beneficiary, the minimum amount that will be distributed for each Distribution Calendar Year after the year of the Participant’s
death is the quotient obtained by dividing the Participant’s Account Balance by the remaining Life Expectancy of the Participant’s Designated
Beneficiary, determined as provided in Section 4(A).
(2) No Designated Beneficiary . If the Participant dies before the date distributions begin and there is no Designated
Beneficiary as of September 30 of the year following the year of the Participant’s death, distribution of the Participant’s entire interest will be
completed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death.
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