Comcast 2014 Annual Report Download - page 341

Exhibit 10.16
COMCAST-NBCUNIVERSAL
2011 EMPLOYEE STOCK PURCHASE PLAN
1. Purpose .
COMCAST CORPORATION, a Pennsylvania corporation, hereby amends and restates the Comcast-
NBCUniversal 2011 Employee Stock
Purchase Plan (the “Plan”). The Plan is intended to encourage and facilitate the purchase of shares of common stock of Comcast Corporation by
Eligible Employees of NBCUniversal and any Participating Companies, thereby providing such Eligible Employees with a personal stake in the
Company and a long-range inducement to remain in the employ of NBCUniversal and Participating Companies. It is the intention of the
Company that the Plan not qualify as an “employee stock purchase plan” within the meaning of section 423 of the Code.
2. Definitions .
(a) “ Account ” means a bookkeeping account established by the Committee on behalf of a Participant to hold Payroll Deductions.
(b) “ Affiliate ” means, with respect to any Person, any other Person that, directly or indirectly, is in control of, is controlled by, or is
under common control with, such Person. For purposes of this definition, the term “control,” including its correlative terms “controlled by” and
“under common control with,” mean, with respect to any Person, the possession, directly or indirectly, of the power to direct or cause the
direction of the management and policies of such Person, whether through the ownership of voting securities, by contract or otherwise.
(c) “ Board ” means the Board of Directors of the Company.
(d) “ Brokerage Account ”
means the brokerage account established under the Plan by the Company for each Participant, to which Shares
purchased under the Plan shall be credited.
(e) “ Change of Control ” means any transaction or series of transactions as a result of which any Person who was a Third Party
immediately before such transaction or series of transactions owns then-outstanding securities of the Company such that such Person has the
ability to direct the management of the Company, as determined by the Board in its discretion. The Board may also determine that a Change of
Control shall occur upon the completion of one or more proposed transactions. The Board’s determination shall be final and binding.
(f) “ Code ” means the Internal Revenue Code of 1986, as amended.
(g) “ Committee ” means the Compensation Committee of the Board or its delegate.
(h) “ Company ” means Comcast Corporation, a Pennsylvania corporation, including any successor thereto by merger, consolidation,
acquisition of all or substantially all the assets thereof, or otherwise.