Comcast 2014 Annual Report Download - page 349

(e) Restrictions on Sale of Shares . The Board or the Committee may, in its discretion, require as conditions to the sale of any Shares
credited to Participants’ Brokerage Accounts under the Plan (i) such conditions as it may deem necessary to assure that such sale of Shares is in
compliance with applicable securities laws and (ii) a minimum holding period (not to exceed one year) following the purchase of Shares before
Shares credited to Participants’ Brokerage Accounts may be sold or otherwise transferred, provided that such holding period, if any, shall not
apply to Shares applied to pay withholding taxes pursuant to Paragraph 11 or to Shares credited to the Brokerage Account of a Participant who
has terminated employment on account of death or disability.
10. Expenses .
The Participating Companies shall pay all fees and expenses incurred (excluding individual Federal, state, local or other taxes) in
connection with the Plan. No charge or deduction for any such expenses will be made to a Participant upon the termination of his or her
participation under the Plan or upon the distribution of certificates representing Shares purchased with his or her Payroll Deductions.
11. Taxes .
The Participating Companies shall have the right to withhold from each Participant’s Compensation an amount equal to all federal, state,
city or other taxes as the Participating Companies shall determine are required to be withheld by them in connection with the purchase of Shares
under the Plan and in connection with the sale of Shares acquired under the Plan. The Company’s obligation to make any delivery or transfer of
Shares shall be conditioned on the Participant’s compliance, to the Company’s satisfaction, with any withholding requirement.
Any tax liabilities incurred in connection with a Participant’s participation in the Plan may, to the extent such liabilities cannot be satisfied
in full by withholding cash payable in connection with a taxable event, be satisfied by withholding a portion of the Shares otherwise creditable
under the Plan having a Fair Market Value approximately equal to the minimum amount of taxes required to be withheld under applicable law.
12. Plan and Contributions Not to Affect Employment .
The Plan shall not confer upon any Eligible Employee any right to continue in the employ of the Participating Companies.
13. Administration .
The Plan shall be administered by the Committee. The Board and the Committee shall have authority to interpret the Plan, to prescribe,
amend and rescind rules and regulations relating to it, and to make all other determinations deemed necessary or advisable in administering the
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