Comcast 2014 Annual Report Download - page 350

Plan, with or without the advice of counsel. The Committee may delegate its administrative duties, subject to its review and supervision, to the
appropriate officers and employees of the Company. The determinations of the Board and the Committee on the matters referred to in this
Paragraph 13 shall be conclusive and binding.
14. Amendment and Termination .
The Board or the Committee may terminate the Plan at any time and may amend the Plan from time to time in any respect; provided,
however, that upon any termination of the Plan, all Shares or Payroll Deductions (to the extent not yet applied to the purchase of Shares) under
the Plan shall be distributed to the Participants, provided further, that no amendment to the Plan shall affect the right of any Participant to receive
his or her proportionate interest in the Shares or his or her Payroll Deductions (to the extent not yet applied to the purchase of Shares) under the
Plan, provided further that the Company may seek shareholder approval of the Plan or any amendment to the Plan if such approval is determined
to be required by or advisable under the regulations of the Securities and Exchange Commission or the Internal Revenue Service, the rules of any
stock exchange or system on which the Shares are listed or other applicable law or regulation, and provided further that the Board or the
Committee may condition the effectiveness of any Election Form on such shareholder approval.
15. Effective Date .
The Plan was originally adopted on January 29, 2011. The first Offering Period under the Plan commenced on July 1, 2011.
16. Government and Other Regulations .
(a) In General . The purchase of Shares under the Plan shall be subject to all applicable laws, rules and regulations, and to such
approvals by any governmental agencies as may be required.
(b) Securities Law . The Committee shall have the power to make each Offering under the Plan subject to such conditions as it deems
necessary or appropriate to comply with the then-existing requirements of the Securities Act of 1933, as amended, and the Securities Exchange
Act of 1934, as amended, including Rule 16b-3 (or any similar rule) promulgated by the Securities and Exchange Commission thereunder.
17. Non-Alienation .
No Participant shall be permitted to assign, alienate, sell, transfer, pledge or otherwise encumber his right to purchase Shares under the
Plan prior to time that Shares are credited to the Participant’
s Brokerage Account. Any attempt at assignment, alienation, sale, transfer, pledge or
other encumbrance shall be void and of no effect.
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