Comcast 2014 Annual Report Download - page 333

(q) “ Offering ” means an offering of Shares by the Company to Eligible Employees pursuant to the Plan.
(r) “ Offering Commencement Date ” means the first day of each January 1, April 1, July 1 and October 1 beginning on or after Offerings
are authorized by the Board or the Committee, until the Plan Termination Date, provided that the first Offering Commencement Date shall be on
the Effective Date.
(s) “ Offering Period ” means the period extending from an Offering Commencement Date through the following Offering Termination
Date.
(t) “ Offering Termination Date ” means the last day of each March, June, September and December following an Offering
Commencement Date, or such other Offering Termination Date established in connection with a Terminating Event.
(u) “ Participant ” means an Eligible Employee who has timely delivered an Election Form to the Committee in accordance with
procedures established by the Committee.
(v) “ Participating Company ” means each Eligible Employer whose employees’ Compensation is administered under the Company’s
common payroll system, other than such an Eligible Employer that is designated by the Board or Committee as an excluded Eligible Employer,
provided that the Board or Committee may designate an Eligible Employer whose employees’ Compensation is not administered under the
Company’s common payroll system as a Participating Company. Notwithstanding the foregoing, the Board or the Committee may delegate its
authority to designate or exclude an Eligible Employer as a Participating Company under this Paragraph 2(v) to an officer of the Company or
committee of two or more officers of the Company.
(w) “ Payroll Deductions ” means amounts withheld from a Participant’s Compensation pursuant to the Plan, as described in Paragraph 5.
(x) “ Person ” means an individual, a corporation, a partnership, an association, a trust or any other entity or organization.
(y) “ Plan ” means the Comcast Corporation 2002 Employee Stock Purchase Plan, as set forth in this document, and as may be amended
from time to time.
(z) “ Plan Termination Date ” means the earlier of:
(1) the Offering Termination Date for the Offering in which the maximum number of Shares specified in Paragraph 9 have been
issued pursuant to the Plan; or
(2) the date as of which the Board or the Committee chooses to terminate the Plan as provided in Paragraph 14.
(aa) “ Purchase Price ” means 85 percent of the lesser of: (1) the Fair Market Value per Share on the Offering Commencement Date, or if
such date is not a trading day, then on the next
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