Comcast 2014 Annual Report Download - page 360

(b) Subsequent Elections
. No Subsequent Election shall be effective until 12 months after the date on which a Subsequent Election is
filed with the Committee.
(1) If Grantee makes an Initial Election, or pursuant to this Paragraph 6(b)(1) makes a Subsequent Election, to defer the
distribution date for Shares issuable with respect to some or all of the Restricted Stock Units hereby granted, Grantee may elect to defer the
distribution date for a minimum of five years and a maximum of ten additional years from the previously-elected distribution date by filing a
Subsequent Election with the Committee on or before the close of business at least one year before the date on which the distribution would
otherwise be made.
(2) If Grantee dies before Shares subject to an Initial Election under Paragraph 6(a) are to be delivered, the estate or
beneficiary to whom the right to delivery of such Shares shall have passed may make a Subsequent Election to defer receipt of all or any portion
of such Shares for five additional years from the date delivery of Shares would otherwise be made, provided that such Subsequent Election must
be filed with the Committee at least one year before the date on which the distribution would otherwise be made, as reflected on Grantee’s last
Election.
(3) If Grantee becomes a Retired Grantee before Shares subject to an Initial Election under Paragraph 6(a) are to be delivered,
Grantee may make a Subsequent Election to defer all or any portion of such Shares for five additional years from the date delivery of Shares
would otherwise be made. Such a Subsequent Election must be filed with the Committee at least one year before the date on which the
distribution would otherwise be made.
(c) Diversification Election . As provided in the Plan and as described in the prospectus for the Plan, a Grantee with an Account may
be eligible to make a Diversification Election on an election form supplied by the Committee for this purpose.
(d) Book Accounts . An Account shall be established for each Grantee who makes an Initial Election. Deferred Stock Units shall be
credited to the Account as of the Date an Initial Election becomes effective. Each Deferred Stock Unit will represent a hypothetical Share
credited to the Account in lieu of delivery of the Shares to which an Initial Election, Subsequent Election or Acceleration Election applies. If an
eligible Grantee makes a Diversification Election, then to the extent an Account is deemed invested in the Income Fund, the Committee shall
credit earnings with respect to such Account at the Applicable Interest Rate.
(e) Status of Deferred Amounts . Grantee’s right to delivery of Shares subject to an Initial Election, Subsequent Election or
Acceleration Election, or to amounts deemed invested in the Income Fund pursuant to a Diversification Election, shall at all times represent the
general obligation of the Company. Grantee shall be a general creditor of the Company with respect to this obligation, and shall not have a
secured or preferred position with respect to such obligation. Nothing contained in the Plan or an Award shall be deemed to create
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