Form of Restricted  Stock Unit Award under the Comcast Corp 2002 Stock Plan



 Exhibit 10.4 

FORM OF COMCAST CORPORATION 

RESTRICTED STOCK UNIT AWARD 

This is a Restricted Stock Unit Award (the “Award”) dated [Month/Day], [Year1] 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 5(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) “Code” means the Internal Revenue Code of 1986, as amended. 

(e) “Committee” means the Compensation Committee of the Board or its delegate. 

(f) “Date of Grant” means the date first set forth above, on which the Company awarded the Restricted Stock Units.

 (g) “Deferred Stock Units” means the number of hypothetical Shares subject to an Election. 

(h) “Disabled Grantee” means 

(1) Grantee, if Grantee’s employment by a Participating Company is terminated by reason of Disability; or 

(2) Grantee’s duly-appointed legal guardian following Grantee’s termination of employment by reason of Disability, acting on
Grantee’s behalf. 
 (i) “Employer” means the Company or the subsidiary or affiliate of the Company for
which Grantee is performing services on the Vesting Date. 







 (j) “Free Cash Flow” means the Company’s “Net Cash Provided by
Operating Activities” (as stated in the Company’s Consolidated Statement of Cash Flows) reduced by capital expenditures and cash paid for intangible assets, and adjusted for any amounts related to certain nonoperating items, net of
estimated tax benefits (such as income taxes on investment sales, and nonrecurring payments related to income taxes and litigation contingencies of acquired companies), provided that adjustments to “Net Cash Provided by Operating
Activities” applied to determine “Free Cash Flow” for each year shall be determined consistently with the Company’s reconciliations of “Free Cash Flow” to the Company’s “Net Cash Provided by Operating
Activities” for the Company’s calendar years ending after December 31, 2005 as reflected on Forms 8-K (with the exhibit that contains the press release that announces the Company’s earnings and other financial results for the
preceding calendar year) filed annually thereafter by the Company, such that the “Free Cash Flow” for each year beginning after 2008 and before 2015 shall be determined on the same basis as for the Company’s calendar years ending
after December 31, 2005, and that the comparison of “Free Cash Flow” for a calendar year to “Free Cash Flow” for the immediately preceding calendar year is determined to ensure comparability between amounts in the prior
calendar year and the year to which the performance condition applies and without regard to extraordinary items or items unrelated to the Company’s operations. In the event there is a significant acquisition or disposition of any assets,
business division, company or other business operations of the Company that is reasonably expected to have an effect on Free Cash Flow, the Committee shall adjust the Performance Goal to take into account the impact of such acquisition or
disposition by increasing or decreasing such Performance Goal in the same proportion as Free Cash Flow of the Company would have been affected for the prior calendar year on a pro forma basis had such an acquisition or disposition occurred on the
same date during the prior calendar year. Such adjustment shall be based upon the historical equivalent of Free Cash Flow of the assets so acquired or disposed of for the prior calendar year, as shown by such records as are available to the Company,
as further adjusted to reflect any aspects of the transaction that should be taken into account to ensure comparability between amounts in the prior calendar year and the year to which the performance condition applies. 

(k) “Grantee” means the individual to whom this Award has been granted as identified on the attached Long-Term
Incentive Awards Summary Schedule. 
 (l) “HSR Act” means the Hart-Scott-Rodino Antitrust Improvements Act of
1976, as amended. 
 (m) “Long-Term Incentive Awards Summary Schedule” means the schedule attached hereto,
which sets forth specific information relating to the grant and vesting of this Award. 
 (n) “Normal
Retirement” means Grantee’s termination of employment that is treated by the Participating Company as a retirement under its employment policies and practices as in effect from time to time. 

(o) “Performance Goal” means Free Cash Flow for a calendar year that exceeds Free Cash Flow for the immediately
preceding calendar year. 
  

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 (p) “Plan” means the Comcast Corporation 2002 Restricted Stock Plan,
incorporated herein by reference. 
 (q) “Restricted Period” means, with respect to each Restricted Stock
Unit, the period beginning on the Date of Grant and ending on the Vesting Date. 
 (r) “Restricted Stock
Units” means the total number of restricted stock units granted to Grantee pursuant to this Award as set forth on the attached Long-Term Incentive Awards Summary Schedule. Each Restricted Stock Unit entitles Grantee, upon the Vesting Date
of such Restricted Stock Unit, to receive one Share. 
 (s) “Rule 16b-3” means Rule 16b-3 promulgated under
the 1934 Act, as in effect from time to time. 
 (t) “Retired Grantee” means Grantee, following Grantee’s
termination of employment pursuant to a Normal Retirement. 
 (u) “Shares” mean shares of the Company’s
Class A Common Stock, par value $.01 per share. 
 (v) “Vesting Date” means the date(s) on which Grantee
vests in all or a portion of the Restricted Stock Units, as set forth on the attached Long-Term Incentive Awards Summary Schedule. 

(w) “1934 Act” means the Securities Exchange Act of 1934, as amended. 

2. Grant of Restricted Stock Units. Subject to the terms and conditions set forth herein and in the Plan, the Company hereby
grants to Grantee the Restricted Stock Units. 
 3. Vesting of Restricted Stock Units. 

(a) Subject to the terms and conditions set forth herein and in the Plan, Grantee shall vest in the Restricted Stock Units on the
Vesting Dates set forth on the attached Long-Term Incentive Awards Summary Schedule, and as of each Vesting Date shall be entitled to the delivery of Shares with respect to such Restricted Stock Units; provided, however, that on the Vesting Date,
Grantee is, and has from the Date of Grant continuously been, an employee of the Company or a Subsidiary Company during the Restricted Period, provided further that the applicable performance conditions as set forth on the attached Long-Term
Incentive Awards Summary Schedule have been satisfied, and provided further that Grantee has complied with all applicable provisions of the HSR Act. 

(b) Notwithstanding Paragraph 3(a) to the contrary, if Grantee terminates employment with the Company or a Subsidiary Company
during the Restricted Period due to his death or due to Grantee becoming a Disabled Grantee within the meaning of Paragraph 1(h)(1), the Vesting Date for the Restricted Stock Units shall be accelerated so that a Vesting Date will be deemed to
occur with respect to the Restricted Stock Units on the date of such termination of employment; provided, however, that Grantee has complied with all applicable provisions of the HSR Act. 

 

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 (c) If Restricted Stock Units would have vested pursuant to the Long-Term Incentive Awards
Summary Schedule or Paragraph 3(b), but did not vest solely because Grantee was not in compliance with all applicable provisions of the HSR Act, the Vesting Date for such Restricted Stock Units shall occur on the first date following the date on
which they would have vested pursuant to the Long-Term Incentive Awards Summary Schedule or Paragraph 3(b) on which Grantee has complied with all applicable provisions of the HSR Act. 

4. Forfeiture of Restricted Stock Units. 

(a) Subject to the terms and conditions set forth herein and in the Plan, if Grantee terminates employment with the Company and all
Subsidiaries during the Restricted Period, other than due to death or Disability, Grantee shall forfeit the Restricted Stock Units as of such termination of employment. Upon a forfeiture of the Restricted Stock Units as provided in this
Paragraph 4, the Restricted Stock Units shall be deemed canceled. 
 (b) The provisions of this Paragraph 4 shall not
apply to Shares issued in respect of Restricted Stock Units as to which a Vesting Date has occurred. 
 5. Deferral
Elections. 
 Grantee may elect to defer the receipt of Shares issuable with respect to Restricted Stock Units, consistent,
however, with the following: 
 (a) Deferral Elections. 

(1) Initial Election. Grantee shall have the right to make an Initial Election to defer the receipt of all or a portion of the
Shares issuable with respect to Restricted Stock Units hereby granted by filing an Initial Election to defer the receipt of such Shares on the form provided by the Committee for this purpose. 

(2) Deadline for Deferral Election. An Initial Election to defer the receipt of Shares issuable with respect to Restricted Stock
Units hereby granted shall not be effective unless it is filed with the Committee on or before June 30, [Year 1]. 
 (3)
Deferral Period. Subject to Paragraph 5(b), all Shares issuable with respect to Restricted Stock Units that are subject to an Initial Election under this Paragraph 5(a) shall be delivered to Grantee without any legend or
restrictions (except those that may be imposed by the Committee, in its sole judgment, under Paragraph 7), on the date designated by Grantee, which shall not be earlier than January 2 of the third calendar year beginning after the Vesting
Date, nor later than January 2 of the eleventh calendar year beginning after the Vesting Date. 
 (4) Effect of Failure
of Vesting Date to Occur. An Initial Election shall be null and void if a Vesting Date does not occur with respect to Restricted Stock Units identified in such Initial Election. 

 

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 (b) Subsequent Elections/Acceleration 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 5(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 5(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) In lieu of a Subsequent Election described in Paragraph 5(b)(2), the estate or beneficiary to whom the
right to delivery of Shares shall have passed may, as soon as practicable following the Grantee’s death, make an Acceleration Election to accelerate the delivery date of such Shares from the date delivery of such Shares would otherwise be made
to a date that is as soon as practicable following the Grantee’s death. 
 (4) If Grantee becomes a Disabled Grantee
before the Shares subject to an Initial Election under Paragraph 5(a) are to be delivered, Grantee may, as soon as practicable following the date on which Grantee becomes a Disabled Grantee, elect to accelerate the distribution date of such
Shares from the date payment would otherwise be made to a date that is as soon as practicable following the date the Disabled Grantee became disabled. 

(5) If Grantee becomes a Retired Grantee before Shares subject to an Initial Election under Paragraph 5(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. 
  

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 (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 an escrow, trust, custodial
account or fiduciary relationship of any kind. Nothing contained in the Plan or an Award shall be construed to eliminate any priority or preferred position of Grantee in a bankruptcy matter with respect to claims for wages. 

(f) Non-Assignability, Etc. The right of Grantee to receive Shares subject to an Election under this Paragraph 5, or to
amounts deemed invested in the Income Fund pursuant to a Diversification Election, shall not be subject in any manner to attachment or other legal process for the debts of Grantee; and no right to receive Shares or cash hereunder shall be subject to
anticipation, alienation, sale, transfer, assignment or encumbrance. 
 6. Notices. Any notice to the Company under this
Agreement shall be made in care of the Committee at the Company’s main office in Philadelphia, Pennsylvania. All notices under this Agreement shall be deemed to have been given when hand-delivered or mailed, first class postage prepaid, and
shall be irrevocable once given. 
 7. Securities Laws. The Committee may from time to time impose any conditions on the
Shares issuable with respect to Restricted Stock Units as it deems necessary or advisable to ensure that the Plan satisfies the conditions of Rule 16b-3, and that Shares are issued and resold in compliance with the Securities Act of 1933, as
amended. 
 8. Delivery of Shares; Repayment. 

(a) Delivery of Shares. Except as otherwise provided in Paragraph 5, the Company shall notify Grantee that a Vesting Date
with respect to Restricted Stock Units has occurred. Within ten (10) business days of a Vesting Date, the Company shall, without payment from Grantee, satisfy its obligation to deliver Shares issuable under the Plan either by (i) delivery
of a physical certificate for Shares issuable under the Plan or (ii) arranging for the recording of Grantee’s ownership of Shares issuable under the Plan on a book entry recordkeeping system maintained on behalf of the Company, in either
case without any legend or restrictions, except for such restrictions as may be imposed by the Committee, in its sole judgment, under Paragraph 7, provided that Shares will not be delivered to Grantee until appropriate arrangements have been
made with the Employer for the withholding of any taxes which may be due with respect to such Shares. The Company may condition delivery of certificates for Shares upon the prior receipt from Grantee of any undertakings which it may determine are
required to assure that the certificates are being issued in compliance with federal and state securities laws. The right to payment of any fractional Shares shall be satisfied in cash, measured by the product of the fractional amount times the Fair
Market Value of a Share on the Vesting Date, as determined by the Committee. 
  

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 (b) Repayment. If it is determined by the Board that gross negligence, intentional
misconduct or fraud by Grantee caused or partially caused the Company to have to restate all or a portion of its financial statements, the Board, in its sole discretion, may, to the extent permitted by law and to the extent it determines in its sole
judgment that it is in the best interests of the Company to do so, require repayment of Shares delivered pursuant to the vesting of the Restricted Stock Units, or to effect the cancellation of unvested Restricted Stock Units, if (i) the vesting
of the Award was calculated based upon, or contingent on, the achievement of financial or operating results that were the subject of or affected by the restatement, and (ii) the extent of vesting of the Award would have been less had the
financial statements been correct. In addition, to the extent that the receipt of an Award subject to repayment under this Paragraph 8(b) has been deferred pursuant to Paragraph 5 (or any other plan, program or arrangement that permits the
deferral of receipt of an Award), such Award (and any earnings credited with respect thereto) shall be forfeited in lieu of repayment. 

9. Award Not to Affect Employment. The Award granted hereunder shall not confer upon Grantee any right to continue in the
employment of the Company or any subsidiary or affiliate of the Company. 
 10. Miscellaneous. 

(a) The Award granted hereunder is subject to the approval of the Plan by the shareholders of the Company to the extent that such
approval (i) is required pursuant to the By-Laws of the National Association of Securities Dealers, Inc., and the schedules thereto, in connection with issuers whose securities are included in the NASDAQ National Market System, or (ii) is
required to satisfy the conditions of Rule 16b-3. 
 (b) The address for Grantee to which notice, demands and other
communications to be given or delivered under or by reason of the provisions hereof shall be Grantee’s address as reflected in the Company’s personnel records. 

(c) The validity, performance, construction and effect of this Award shall be governed by the laws of the Commonwealth of Pennsylvania,
without giving effect to principles of conflicts of law. 
  

			
	COMCAST CORPORATION
		
	BY:	 	 
		 	David L. Cohen
		
	ATTEST:	 	 
		 	Arthur R. Block


  

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