Comcast 2014 Annual Report Download - page 354

Exhibit 10.59
FORM OF COMCAST CORPORATION
RESTRICTED STOCK UNIT AWARD
This is a Restricted Stock Unit Award (the “Award”) dated [Grant Date, Year 1] from Comcast Corporation (the “Company”) to the
Grantee. The vesting of Restricted Stock Units is conditioned on the Grantee’s continuation in service from the Date of Grant through each
applicable Vesting Date, and on the Company’s attainment of certain performance objectives, as further provided in this Award. The delivery of
Shares under this Award is intended to constitute performance-based compensation, within the meaning of section 162(m) of the Code, and
Treasury Regulations issued under section 162(m) of the Code.
1. Definitions . Capitalized terms used herein are defined below or, if not defined below, have the meanings given to them in the Plan.
(a) “ Account ”
means an unfunded bookkeeping account established pursuant to Paragraph 6(d) and maintained by the Committee in
the name of Grantee (a) to which Deferred Stock Units are deemed credited and (b) to which an amount equal to the Fair Market Value of
Deferred Stock Units with respect to which a Diversification Election has been made and interest thereon are deemed credited, reduced by
distributions in accordance with the Plan.
(b) “ Award ” means the award of Restricted Stock Units hereby granted.
(c) “ Board ” means the Board of Directors of the Company.
(d) “ Cause ” means (i) fraud; (ii) misappropriation; (iii) embezzlement; (iv) gross negligence in the performance of duties; (v) self-
dealing; (vi) dishonesty; (vii) misrepresentation; (viii) conviction of a crime of a felony; (ix) material violation of any Company policy;
(x) material violation of the Company’
s Code of Ethics and Business Conduct or, (xi) in the case of an employee of a Company who is a party to
an employment agreement with a Company, material breach of such agreement; provided that as to items (ix), (x) and (xi), if capable of being
cured, such event or condition remains uncured following 30 days written notice thereof.
(e) “ Code ” means the Internal Revenue Code of 1986, as amended.
(f) “ Committee ” means the Compensation Committee of the Board or its delegate.
(g) “ Date of Grant ” means the date first set forth above, on which the Company awarded the Restricted Stock Units.
(h)
“
Deferred Stock Units
”
means the number of hypothetical Shares subject to an Election.