Comcast 2014 Annual Report Download - page 348

program or arrangement pursuant to which discontinuance of contributions to the Plan may be required in connection with a Participant’s
hardship withdrawal shall automatically resume Payroll Deductions at the rate in effect immediately before the suspension for the next Offering
Period that commences after the conclusion of the suspension, unless the Participant elects otherwise.
(c) Termination of Employment . Upon termination of a Participant’s employment for any reason, all amounts credited to such
Participant’s Account shall be returned to the Participant, or, following the Participant’s death, to the Participant’s Successor-in-Interest.
8. Interest .
No interest shall be paid or allowed with respect to Payroll Deductions paid into the Plan or credited to any Participant’s Account.
9. Shares .
(a) Maximum Number of Shares; Adjustments . Subject to adjustment as provided in this Paragraph 9, not more than 4,600,000 Shares
in the aggregate may be issued pursuant to the Plan pursuant to Offerings under the Plan. Shares delivered pursuant to the Plan may, at the
Company’s option, be either treasury Shares or Shares originally issued for such purpose. In the event that Shares are changed into or exchanged
for a different number or kind of shares of stock or other securities of the Company, whether through merger, consolidation, reorganization,
recapitalization, stock dividend, stock split-up or other substitution of securities of the Company, the Board or the Committee shall make
appropriate equitable anti-dilution adjustments to the number and class of shares of stock available for issuance under the Plan, to the number
and class of shares of stock subject to outstanding Offerings and to the Purchase Price. Any reference to the Purchase Price in the Plan and in any
related documents shall be a reference to the Purchase Price as so adjusted. Any reference to the term “Shares” in the Plan and in any related
documents shall be a reference to the appropriate number and class of shares of stock available for issuance under the Plan, as adjusted pursuant
to this Paragraph 9. The Board’s or the Committee’s adjustment shall be effective and binding for all purposes of this Plan. All Shares issued
pursuant to the Plan shall be validly issued, fully paid and nonassessable.
(b) Participant’s Interest in Shares . A Participant shall have no interest in Shares offered under the Plan until Shares are credited to the
Participant’s Brokerage Account.
(c) Crediting of Shares to Brokerage Account . Shares purchased under the Plan shall be credited to the Participant’
s Brokerage Account
as soon as practicable following the Offering Termination Date.
(d) Restrictions on Purchase . The Board or the Committee may, in its discretion, require as conditions to the purchase of any Shares
under the Plan such conditions as it may deem necessary to assure that such purchase of Shares is in compliance with applicable securities laws.
-
8
-