Comcast 2014 Annual Report Download - page 346

4. Shares Per Offering .
The Plan shall be implemented by a series of Offerings that shall commence after Offerings have been authorized by the Board or the
Committee, and terminate on the Plan Termination Date. Offerings shall be made with respect to Compensation accumulated during each
Offering Period for the period commencing with the first day of the first Offering Period (when such Offering Period is authorized by the Board
or the Committee) and ending with the Plan Termination Date. Shares available for any Offering shall be the difference between the maximum
number of Shares that may be issued under the Plan, as determined pursuant to Paragraph 9(a), for all of the Offerings, less the actual number of
Shares purchased by Participants pursuant to prior Offerings, provided that the maximum number of Shares subject to purchase by any
Participant for any Offering Period shall not exceed 1,500. If the total number of Shares subject to purchase under the Plan on any Offering
Termination Date exceeds the maximum number of Shares available, the Board or the Committee shall make a pro rata allocation of Shares
available for delivery and distribution in as nearly a uniform manner as practicable, and as it shall determine to be fair and equitable, and the
unapplied Account balances shall be returned to Participants as soon as practicable following the Offering Termination Date.
5. Payroll Deductions .
(a) Amount of Payroll Deductions . On the Election Form, an Eligible Employee may elect to have Payroll Deductions of not more than
15 percent of Compensation earned for each payroll period ending within the Offering Period, subject to the limitation that the maximum amount
of Payroll Deductions for any Eligible Employee for any calendar year (including, for this purpose, any payroll deductions for such calendar year
pursuant to the Comcast Corporation 2002 Employee Stock Purchase Plan, if any) shall not exceed $12,500, or, with respect to Participants
whose compensation is denominated in currency other than United States dollars, if any, the equivalent amount as denominated in such local
currency, as determined by the Committee.
(b) Participants’ Accounts . All Payroll Deductions with respect to a Participant pursuant to Paragraph 5(a) shall be credited to the
Participant’s Account under the Plan.
(c) Changes in Payroll Deductions . A Participant may discontinue Payroll Deductions during an Offering Period by providing a
Termination Form to the Committee at any time before the Offering Termination Date applicable to any Offering. No other change can be made
during an Offering, including, but not limited to, changes in the amount of Payroll Deductions for such Offering. A Participant may change the
amount of Payroll Deductions for subsequent Offerings by giving written notice (or notice in another form pursuant to procedures established by
the Committee) of such change to the Committee on or before the 15th day of the month immediately preceding the Offering Commencement
Date for the Offering for which such change is effective.
6. Purchase of Shares .
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