Document:

2002 Deferred Compensation Plan

 Exhibit 10.5 
 COMCAST CORPORATION 
 2002 DEFERRED COMPENSATION PLAN 
 ARTICLE 1 - COVERAGE OF PLAN 
 1.1.
Background, Continuation and Freeze of Plan. 
 (a) Comcast Corporation, a Pennsylvania corporation, hereby amends and restates the
Comcast Corporation 2002 Deferred Compensation Plan (the “Plan”), effective December 5, 2006. The Plan was initially adopted effective February 12, 1974 and was amended and restated effective August 15,
1996, June 21, 1999, December 19, 2000, October 26, 2001, April 29, 2002, July 9, 2002, November 18, 2002, March 3, 2003, December 1, 2003, January 30,
2004, February 24, 2004 and February 16, 2005. 
 (b) In order to preserve the favorable tax treatment available to deferrals
that were made under the Plan before January 1, 2005 in light of the American Jobs Creation Act of 2004 and the regulations issued by the Department of the Treasury thereunder (the “AJCA”), no Compensation may be deferred under
the Plan pursuant to an Initial Election after December 31, 2004, other than amounts that (i) were subject to an Initial Election before January 1, 2005, (ii) would, but for such Initial Election, have been paid in 2005 and
(iii) are treated as earned and vested as of December 31, 2004 under IRS Notice 2005-1. 
 (c) The Company has maintained
the Comcast Corporation Supplemental Retirement-Investment Plan (the “Supplemental RIP”), a non-qualified deferred compensation plan pursuant to which eligible employees have been credited with certain account balances that are credited
with earnings at the same rate as the earnings rate for active participants in the Plan. Credits to the Supplemental RIP are frozen. Distributions of participants’ account balances credited under the Supplemental RIP are distributable as soon
as administratively practicable following a participant’s termination of employment. Effective as of December 5, 2006, the Supplemental RIP is merged with and into the Plan and the separate existence of the Supplemental RIP shall cease,
and all undistributed participants’ accounts that had previously been administered pursuant to the Supplemental RIP (hereinafter referred to as “Supplemental RIP Legacy Accounts”) shall be held under the Plan. Supplemental RIP Legacy
Accounts shall be subject only to the provisions of this Section 1.1(c) and the other provisions of this Article 1, Section 4.4, Section 5.3, Section 5.4, Article 6, Section 7.2, Article 9, Article 10, Article 11, Article 12
and such portions of Article 2 of the Plan as shall be integral to the interpretation and operation of the Plan provisions listed above. An individual whose Supplemental RIP Legacy Account is held under the Plan as a result of the merger of the
Supplemental RIP with and into the Plan shall be a participant in the Plan only for purposes of the Supplemental RIP Legacy Account, unless such individual is otherwise eligible to participate in the Plan and an Account under the Plan has been
established for such individual’s benefit. Except for earnings credits, no amounts shall be credited to Supplemental RIP Legacy Accounts administered under the Plan. Except for earnings credited to Supplemental RIP Legacy Accounts after 2004,
Supplemental RIP Legacy Accounts consist solely of deferred compensation credits that were earned and vested before January 1, 2005. Accordingly, Supplemental RIP Legacy Accounts are intended to be treated as grandfathered benefits that are not
subject to the AJCA. 
  

 (d) Amounts earned and vested prior to January 1, 2005 are and will remain subject to the terms and
conditions of the Plan. 
 1.2. Plan Unfunded and Limited to Outside Directors and Select Group of Management or Highly Compensated
Employees. The Plan is unfunded and is maintained primarily for the purpose of providing outside directors and a select group of management or highly compensated employees the opportunity to defer the receipt of compensation otherwise payable to
such outside directors and eligible employees in accordance with the terms of the Plan. 
 ARTICLE 2 - DEFINITIONS 
 2.1. “Account” means the bookkeeping accounts established pursuant to Section 5.1 and maintained by the Administrator in the names
of the respective Participants, to which all amounts deferred and earnings allocated under the Plan shall be credited, and from which all amounts distributed pursuant to the Plan shall be debited. 
 2.2. “Active Participant” means: 
 (a) Each Participant who is in active service as an Outside Director; and 
 (b) Each Participant who is actively employed by a
Participating Company as an Eligible Employee. 
 2.3. “Administrator” means the Committee. 
 2.4. “Affiliate” means, with respect to any Person, any other Person that, directly or indirectly, is in control of, is controlled by,
or is under common control with, such Person. For purposes of this definition, the term “control,” including its correlative terms “controlled by” and “under common control with,” mean, with respect to any Person, the
possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities, by contract or otherwise. 
 2.5. “Annual Rate of Pay” means, as of any date, an employee’s annualized base pay rate. An employee’s Annual Rate of Pay
shall not include sales commissions or other similar payments or awards. 
 2.6. “Applicable Interest Rate” means:

 (a) Except as otherwise provided in Sections 2.6(b) or (c), the Applicable Interest Rate means the interest rate that, when compounded
daily pursuant to rules established by the Administrator from time to time, is mathematically equivalent to 12% per annum, compounded annually. 
 (b) Except to the extent otherwise required by Section 10.2, effective for the period beginning as soon as administratively practicable following a Participant’s employment termination date to the date the
Participant’s Account is distributed in full, the Administrator, in its sole discretion, may designate the term “Applicable Interest Rate” for such 
  

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 Participant’s Account to mean the lesser of (i) the rate in effect under Section 2.6(a) or (ii) the
Prime Rate plus one percent. Notwithstanding the foregoing, the Administrator may delegate its authority to determine the Applicable Interest Rate under this Section 2.6(b) to an officer of the Company or committee of two or more officers of
the Company. 
 (c) Except to the extent otherwise required by Section 10.2, the Applicable Interest Rate for Severance Pay deferred
pursuant to Article 3 shall be determined by the Administrator, in its sole discretion, provided that the Applicable Interest Rate shall not be less than the lower of the Prime Rate or LIBOR, nor more than the rate specified in Section 2.6(a).
Notwithstanding the foregoing, the Administrator may delegate its authority to determine the Applicable Interest Rate under this Section 2.6(c) to an officer of the Company. 
 2.7. “Beneficiary” means such person or persons or legal entity or entities, including, but not limited to, an organization exempt from
federal income tax under section 501(c)(3) of the Code, designated by a Participant or Beneficiary to receive benefits pursuant to the terms of the Plan after such Participant’s or Beneficiary’s death. If no Beneficiary is designated by
the Participant or Beneficiary, or if no Beneficiary survives the Participant or Beneficiary (as the case may be), the Participant’s Beneficiary shall be the Participant’s Surviving Spouse if the Participant has a Surviving Spouse and
otherwise the Participant’s estate, and the Beneficiary of a Beneficiary shall be the Beneficiary’s Surviving Spouse if the Beneficiary has a Surviving Spouse and otherwise the Beneficiary’s estate. 
 2.8. “Board” means the Board of Directors of the Company. 
 2.9. “CCCHI” means Comcast Cable Communications Holdings, Inc., formerly known as AT&T Broadband Corp. 
 2.10. “Change of Control” means any transaction or series of transactions as a result of which any Person who was a Third Party immediately before such transaction or series of transactions owns
then-outstanding securities of the Company such that such Person has the ability to direct the management of the Company, as determined by the Board in its discretion. The Board may also determine that a Change of Control shall occur upon the
completion of one or more proposed transactions. The Board’s determination shall be final and binding. 
 2.11.
“CHC” means Comcast Holdings Corporation, formerly known as Comcast Corporation. 
 2.12. “Code” means the
Internal Revenue Code of 1986, as amended. 
 2.13. “Committee” means the Compensation Committee of the Board of Directors
of the Company. 
 2.14. “Company” means Comcast Corporation, a Pennsylvania corporation, as successor to CHC, including any
successor thereto by merger, consolidation, acquisition of all or substantially all the assets thereof, or otherwise. 
 2.15.
“Company Stock” means: 
 (a) except as provided in Section 2.15(b), Comcast Corporation Class A Special Common
Stock, par value, $0.01, including a fractional share; and 
  

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 (b) with respect to amounts credited to the Company Stock Fund pursuant to deferral elections by Outside
Directors made pursuant to Section 3.1(a), Comcast Corporation Class A Common Stock, par value $0.01, including a fractional share; 
 and such
other securities issued by Comcast Corporation as may be subject to adjustment in the event that shares of either class of Company Stock are changed into, or exchanged for, a different number or kind of shares of stock or other securities of the
Company, whether through merger, consolidation, reorganization, recapitalization, stock dividend, stock split-up or other substitution of securities of the Company. In such event, the Committee shall make appropriate equitable anti-dilution
adjustments to the number and class of hypothetical shares of Company Stock credited to Participants’ Accounts under the Company Stock Fund. Any reference to the term “Company Stock” in the Plan shall be a reference to the appropriate
number and class of shares of stock as adjusted pursuant to this Section 2.15. The Committee’s adjustment shall be effective and binding for all purposes of the Plan. 
 2.16. “Company Stock Fund” means a hypothetical investment fund pursuant to which income, gains and losses are credited to a
Participant’s Account as if the Account, to the extent deemed invested in the Company Stock Fund, were invested in hypothetical shares of Company Stock, and all dividends and other distributions paid with respect to Company Stock were held
uninvested in cash, and reinvested in additional hypothetical shares of Company Stock as of the next succeeding December 31 (to the extent the Account continues to be deemed invested in the Company Stock Fund through such December 31),
based on the Fair Market Value of the Company Stock for such December 31. 
 2.17. “Compensation” means: 
 (a) In the case of an Outside Director, the total remuneration payable in cash or payable in Company Stock (as elected by the Outside Director pursuant to
the Comcast Corporation 2003 Director Compensation Plan) for services as a member of the Board and as a member of any Committee of the Board; and 
 (b) In the case of an Eligible Employee, the total cash remuneration for services payable by a Participating Company, excluding sales commissions or other similar payments or awards. 
 2.18. “Death Tax Clearance Date” means the date upon which a Deceased Participant’s or a deceased Beneficiary’s Personal
Representative certifies to the Administrator that (i) such Deceased Participant’s or deceased Beneficiary’s Death Taxes have been finally determined, (ii) all of such Deceased Participant’s or deceased Beneficiary’s
Death Taxes apportioned against the Deceased Participant’s or deceased Beneficiary’s Account have been paid in full and (iii) all potential liability for Death Taxes with respect to the Deceased Participant’s or deceased
Beneficiary’s Account has been satisfied. 
 2.19. “Death Taxes” means any and all estate, inheritance,
generation-skipping transfer, and other death taxes as well as any interest and penalties thereon imposed by any governmental entity (a “taxing authority”) as a result of the death of the Participant or the Participant’s Beneficiary.

  

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 2.20. “Deceased Participant” means a Participant whose employment, or, in the case of a
Participant who was an Outside Director, a Participant whose service as an Outside Director, is terminated by death. 
 2.21.
“Disabled Participant” means: 
 (a) A Participant whose employment or, in the case of a Participant who is an Outside
Director, a Participant whose service as an Outside Director, is terminated by reason of disability; 
 (b) The duly-appointed legal guardian
of an individual described in Section 2.21(a) acting on behalf of such individual. 
 2.22. “Eligible Employee” means:

 (a) Each employee of a Participating Company who, as of December 31, 1989, was eligible to participate in the Prior Plan. 

(b) Each employee of a Participating Company who was, at any time before January 1, 1995, eligible to participate in the Prior Plan and whose
Annual Rate of Pay is $90,000 or more as of both (i) the date on which an Initial Election is filed with the Administrator and (ii) the first day of each calendar year beginning after December 31, 1994. 
 (c) Each individual who was an employee of an entity that was a Participating Company in the Plan as of June 30, 2002 and who has an Annual Rate of
Pay of $125,000 as of each of (i) June 30, 2002; (ii) the date on which an Initial Election is filed with the Administrator and (iii) the first day of each calendar year beginning after December 31, 2002. 
 (d) Each employee of a Participating Company whose Annual Rate of Pay is $200,000 or more as of both (i) the date on which an Initial Election is
filed with the Administrator and (ii) the first day of the calendar year in which such Initial Election is filed. 
 (e) Each New Key
Employee. 
 (f) Each employee of a Participating Company who (i) as of December 31, 2002, was an “Eligible Employee”
within the meaning of Section 2.34 of the AT&T Broadband Deferred Compensation Plan (as amended and restated, effective November 18, 2002) with respect to whom an account was maintained, and (ii) for the period beginning on
December 31, 2002 and extending through any date of determination, has been actively and continuously in service to the Company or an Affiliate. 
 (g) Each other employee of a Participating Company who is designated by the Committee, in its discretion, as an Eligible Employee. 
  

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 2.23. “Fair Market Value” 
 (a) If shares of Company Stock are listed on a stock exchange, Fair Market Value shall be determined based on the last reported sale price of a share on
the principal exchange on which shares are listed on the date of determination, or if such date is not a trading day, the next trading date. 
 (b) If shares of Company Stock are not so listed, but trades of shares are reported on the Nasdaq National Market, Fair Market Value shall be determined based on the last quoted sale price of a share on the Nasdaq National Market on the
date of determination, or if such date is not a trading day, the next trading date. 
 (c) If shares of Company Stock are not so listed nor
trades of shares so reported, Fair Market Value shall be determined by the Committee in good faith. 
 2.24. “Former Eligible
Employee” means an employee of a Participating Company who, as of any relevant date, does not satisfy the requirements of an “Eligible Employee” but who previously met such requirements under the Plan or the Prior Plan.

 2.25. “Grandfathered Participant” means an Inactive Participant who, on or before December 31, 1991, entered into a
written agreement with the Company to terminate service to the Company or gives written notice of intention to terminate service to the Company, regardless of the actual date of termination of service. 
 2.26. “Hardship” means a Participant’s severe financial hardship due to an unforeseeable emergency resulting from a sudden and
unexpected illness or accident of the Participant, or, a sudden and unexpected illness or accident of a dependent (as defined by section 152(a) of the Code) of the Participant, or loss of the Participant’s property due to casualty, or other
similar and extraordinary unforeseeable circumstances arising as a result of events beyond the control of the Participant. A need to send the Participant’s child to college or a desire to purchase a home is not an unforeseeable emergency. No
Hardship shall be deemed to exist to the extent that the financial hardship is or may be relieved (a) through reimbursement or compensation by insurance or otherwise, (b) by borrowing from commercial sources on reasonable commercial terms
to the extent that this borrowing would not itself cause a severe financial hardship, (c) by cessation of deferrals under the Plan, or (d) by liquidation of the Participant’s other assets (including assets of the Participant’s
spouse and minor children that are reasonably available to the Participant) to the extent that this liquidation would not itself cause severe financial hardship. For the purposes of the preceding sentence, the Participant’s resources shall be
deemed to include those assets of his spouse and minor children that are reasonably available to the Participant; however, property held for the Participant’s child under an irrevocable trust or under a Uniform Gifts to Minors Act
custodianship or Uniform Transfers to Minors Act custodianship shall not be treated as a resource of the Participant. The Board shall determine whether the circumstances of the Participant constitute an unforeseeable emergency and thus a
Hardship within the meaning of this Section. Following a uniform procedure, the Board’s determination shall consider any facts or conditions deemed necessary or advisable by the Board, and the Participant shall be required to submit any
evidence of the Participant’s circumstances that the Board requires. The determination as to whether the Participant’s 
  

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 circumstances are a case of Hardship shall be based on the facts of each case; provided however, that all determinations
as to Hardship shall be uniformly and consistently made according to the provisions of this Section for all Participants in similar circumstances. 
 2.27. “Inactive Participant” means each Participant (other than a Retired Participant, Deceased Participant or Disabled Participant) who is not in active service as an Outside Director and is not actively employed by a
Participating Company. 
 2.28. “Income Fund” means a hypothetical investment fund pursuant to which income, gains and
losses are credited to a Participant’s Account as if the Account, to the extent deemed invested in the Income Fund, were credited with interest at the Applicable Interest Rate. 
 2.29. “Initial Election” means a written election on a form provided by the Administrator, filed with the Administrator in accordance
with Article 3, pursuant to which an Outside Director or an Eligible Employee may: 
 (a) Elect to defer all or any portion of the
Compensation payable for the performance of services as an Outside Director or as an Eligible Employee (including Severance Pay, to the extent permitted with respect to an Eligible Employee pursuant to Section 3.2) following the time that such
election is filed; and 
 (b) Designate the time of payment of the amount of deferred Compensation to which the Initial Election relates.

 2.30. “Insider” means an Eligible Employee or Outside Director who is subject to the short-swing profit recapture rules
of section 16(b) of the Securities Exchange Act of 1934, as amended. 
 2.31. “LIBOR” means, for any calendar year, the
interest rate that, when compounded daily pursuant to rules established by the Administrator from time to time, is mathematically equivalent to the annual London Inter Bank Offered Rate (compounded annually), as published in the Eastern Edition of
The Wall Street Journal, on the last business day preceding the first day of such calendar year, and as adjusted as of the last business day preceding the first day of each calendar year beginning thereafter. 
 2.32. “New Key Employee” means each employee of a Participating Company: 
 (a) who becomes an employee of a Participating Company and has an Annual Rate of Pay of $200,000 or more as of his employment commencement date, or

 (b) who has an Annual Rate of Pay that is increased to $200,000 or more and who, immediately preceding such increase, was not an Eligible
Employee. 
 2.33. “Normal Retirement” means: 
 (a) For a Participant who is an employee of a Participating Company immediately preceding his termination of employment, a 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; and 
  

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 (b) For a Participant who is an Outside Director immediately preceding his termination of service, his
normal retirement from the Board. 
 2.34. “Outside Director” means a member of the Board, who is not an employee of a
Participating Company. 
 2.35. “Participant” means each individual who has made an Initial Election, or for whom an Account
is established pursuant to Section 5.1, and who has an undistributed amount credited to an Account under the Plan, including an Active Participant, a Deceased Participant and an Inactive Participant. 
 2.36. “Participating Company” means: 
 (a) The Company; 
 (b) CHC; 
 (c) Comcast Cable Communications, LLC, and its subsidiaries; 
 (d) Comcast International Holdings, Inc.;

 (e) Comcast Online Communications, Inc.; 
 (f) Comcast Business Communications, Inc.; 
 (g) CCCHI and its subsidiaries; 
 (h) Comcast Shared Services Corporation (“CSSC”), to the extent individual employees of CSSC or groups of CSSC employees, categorized by their
secondment, are designated as eligible to participate by the Committee or its delegate; and 
 (i) Any other entities that are subsidiaries
of the Company as designated by the Committee in its sole discretion. 
 2.37. “Person” means an individual, a corporation,
a partnership, an association, a trust or any other entity or organization. 
 2.38. “Plan” means the Comcast Corporation
2002 Deferred Compensation Plan, as set forth herein, and as amended from time to time. 
 2.39. “Prime Rate” means, for any
calendar year, the interest rate that, when compounded daily pursuant to rules established by the Administrator from time to time, is mathematically equivalent to the prime rate of interest (compounded annually) as published in the Eastern Edition
of The Wall Street Journal on the last business day preceding the first day of such calendar year, and as adjusted as of the last business day preceding the first day of each calendar year beginning thereafter. 
  

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 2.40. “Prior Plan” means the Comcast Corporation 1996 Deferred Compensation Plan, as in
effect immediately preceding the amendment, restatement and renaming of the Plan as the Comcast Corporation 2002 Deferred Compensation Plan. 
 2.41. “Retired Participant” means a Participant who has terminated service pursuant to a Normal Retirement. 
 2.42. “Severance Pay” means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an
employee (or former employee) is required to report for work for a Participating Company. 
 2.43. “Subsequent Election”
means a written election on a form provided by the Administrator, filed with the Administrator in accordance with Article 3, pursuant to which a Participant or Beneficiary may elect to defer (or, in limited cases, accelerate) the time of payment or
to change the manner of payment of amounts previously deferred in accordance with the terms of a previously made Initial Election or Subsequent Election. 
 2.44. “Surviving Spouse” means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable). 
 2.45. “Terminating Event” means either of the following events: 
 (a) the liquidation of the Company; or 
 (b)
a Change of Control. 
 2.46. “Third Party” means any Person, together with such Person’s Affiliates, provided that the
term “Third Party” shall not include the Company or an Affiliate of the Company. 
 ARTICLE 3 - INITIAL AND SUBSEQUENT ELECTIONS

 3.1. Elections. 
 (a) Initial Elections. Each Outside Director and Eligible Employee shall have the right to defer all or any portion of the Compensation (including bonuses, if any, and, in the case of Outside Directors, including any portion of an
Outside Director’s Compensation payable in the form of Company Stock) that he would otherwise be entitled to receive in a calendar year by filing an Initial Election at the time and in the manner described in this Article 3; provided that
Severance Pay shall be included as “Compensation” for purposes of this Section 3.1 only to the extent permitted, and subject to such rules regarding the length of any initial deferral period and subsequent deferral period, if any,
established by the Administrator in its sole discretion. The Compensation of such Outside Director or Eligible Employee for a calendar year shall be reduced in an amount equal to the portion of the Compensation deferred by such Outside Director or
Eligible Employee for such calendar year pursuant to such Outside Director’s or Eligible Employee’s Initial Election. Such reduction shall be effected on a pro rata basis from each periodic installment payment of such Outside
Director’s or Eligible Employee’s 
  

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 Compensation for the calendar year (in accordance with the general pay practices of the Participating Company), and
credited, as a bookkeeping entry, to such Outside Director’s or Eligible Employee’s Account in accordance with Section 5.1. Amounts credited to the Accounts of Outside Directors in the form of Company Stock shall be credited to the
Company Stock Fund and credited with income, gains and losses in accordance with Section 5.2(c). 
 (b) Subsequent Elections.
Each Participant or Beneficiary shall have the right to elect to defer (or, in limited cases, accelerate) the time of payment or to change the manner of payment of amounts previously deferred in accordance with the terms of a previously made Initial
Election pursuant to the terms of the Plan by filing a Subsequent Election at the time, to the extent, and in the manner described in this Article 3. 
 3.2. Filing of Initial Election: General. An Initial Election shall be made on the form provided by the Administrator for this purpose. Except as provided in Section 3.3, no such Initial Election shall be
effective unless it is filed with the Administrator on or before December 31 of the calendar year preceding the calendar year to which the Initial Election applies; provided that an Initial Election with respect to Severance Pay shall not be
effective unless it is filed within 30 days following the date of written notification to an Eligible Employee from the Administrator or its duly authorized delegate of such Eligible Employee’s eligibility to defer Severance Pay. 
 3.3. Filing of Initial Election by New Key Employees and New Outside Directors. 
 (a) New Key Employees. Notwithstanding Section 3.1 and Section 3.2, a New Key Employee may elect to defer all or any portion of his
Compensation that he would otherwise be entitled to receive in the calendar year in which the New Key Employee was employed, beginning with the payroll period next following the filing of an Initial Election with the Administrator and before the
close of such calendar year by making and filing the Initial Election with the Administrator within 60 days of such New Key Employee’s date of hire or within 60 days of the date such New Key Employee first becomes eligible to participate in the
Plan. Any Initial Election by such New Key Employee for succeeding calendar years shall be made in accordance with Section 3.1 and Section 3.2. 
 (b) New Outside Directors. Notwithstanding Section 3.1 and Section 3.2, an Outside Director may elect to defer all or any portion of his Compensation that he would otherwise be entitled to receive in
the calendar year in which an Outside Director’s election as a member of the Board becomes effective (provided that such Outside Director is not a member of the Board immediately preceding such effective date), beginning with Compensation
payable following the filing of an Initial Election with the Administrator and before the close of such calendar year by making and filing the Initial Election with the Administrator within 60 days of the effective date of such Outside
Director’s election. Any Initial Election by such Outside Director for succeeding calendar years shall be made in accordance with Section 3.1 and Section 3.2. 
 3.4. Calendar Years to which Initial Election May Apply. A separate Initial Election may be made for each calendar year as to which an Outside
Director or Eligible 
  

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 Employee desires to defer all or any portion of such Outside Director’s or Eligible Employee’s Compensation.
The failure of an Outside Director or Eligible Employee to make an Initial Election for any calendar year shall not affect such Outside Director’s or Eligible Employee’s right to make an Initial Election for any other calendar year.

 (a) Initial Election of Distribution Date. Each Outside Director or Eligible Employee shall, contemporaneously with an Initial
Election, also elect the time of payment of the amount of the deferred Compensation to which such Initial Election relates; provided, however, that, subject to acceleration pursuant to Section 3.5(e) or (f), Section 3.7, Section 7.1,
7.2, or Article 8, no distribution may commence earlier than January 2nd of the second calendar year beginning after the date the Initial Election is filed with the Administrator, nor later than January 2nd of the eleventh calendar year
beginning after the date the Initial Election is filed with the Administrator. Further, each Outside Director or Eligible Employee may select with each Initial Election the manner of distribution in accordance with Article 4. 
 3.5. Subsequent Elections. 
 (a)
Active Participants. Each Active Participant, who has made an Initial Election, or who has made a Subsequent Election, may elect to change the manner of distribution or defer the time of payment of any part or all of such Participant’s
Account for a minimum of two and a maximum of ten additional years from the previously-elected payment date, by filing a Subsequent Election with the Administrator on or before the close of business on June 30 of the calendar year preceding the
calendar year in which the lump-sum distribution or initial installment payment would otherwise be made. The number of Subsequent Elections under this Section 3.5(a) shall not be limited. 
 (b) Inactive Participants. The Committee may, in its sole and absolute discretion, permit an Inactive Participant to make a Subsequent Election to
change the manner of distribution, or defer the time of payment of any part or all of such Inactive Participant’s Account for a minimum of two years and a maximum of ten additional years from the previously-elected payment date, by filing a
Subsequent Election with the Administrator on or before the close of business on June 30 of the calendar year preceding the calendar year in which the lump-sum distribution or initial installment payment would otherwise be made. The number of
Subsequent Elections under this Section 3.5(b) shall be determined by the Committee in its sole and absolute discretion. 
 (c)
Surviving Spouses. 
 (i) General Rule. A Surviving Spouse who is a Deceased Participant’s Beneficiary may elect to change
the manner of distribution, or defer the time of payment, of any part or all of such Deceased Participant’s Account the payment of which would be made neither within six (6) months after, nor within the calendar year of, the date of such
election. Such election shall be made by filing a Subsequent Election with the Administrator in which the Surviving Spouse shall specify the change in the manner of distribution or the change in the time of payment, which shall be no less than two
nor more than ten years from the previously-elected payment date, or such Surviving Spouse may elect to defer payment until such Surviving Spouse’s death. A Surviving Spouse may make a total of two (2) Subsequent 
  

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 Elections under this Section 3.5(c)(i), with respect to all or any part of the Deceased Participant’s Account.
Subsequent Elections pursuant to this Section 3.5(c)(i) may specify different changes with respect to different parts of the Deceased Participant’s Account. 
 (ii) Exception. Notwithstanding the above Section 3.5(c)(i), a Subsequent Election may be made by a Surviving Spouse within sixty (60) days of the Deceased Participant’s death; provided, however,
such election may only be made with respect to amounts which would not be paid under the Deceased Participant’s election as in effect on the date of the Deceased Participant’s death until a date which is at least six (6) months from
the Deceased Participant’s date of death. Such election shall be made by filing a Subsequent Election with the Administrator in which the Surviving Spouse shall specify the change in the manner of distribution or the change in the time of
payment, which shall be no less than two (2) nor more than ten (10) years from the previously-elected payment date, or such Surviving Spouse may elect to defer payment until such Surviving Spouse’s death. A Surviving Spouse may only
make one (1) Subsequent Election under this Section 3.5(c)(ii) with respect to all or any part of the Deceased Participant’s Account. Such Surviving Spouse may, however, make one additional Subsequent Election under
Section 3.5(c)(i) in accordance with the terms of Section 3.5(c)(i). The one (1) Subsequent Election permitted under this Section 3.5(c)(ii) may specify different changes for different parts of the Deceased Participant’s
Account. 
 (d) Beneficiary of a Deceased Participant Other Than a Surviving Spouse. 
 (i) General Rule. A Beneficiary of a Deceased Participant (other than a Surviving Spouse) may elect to change the manner of distribution, or defer
the time of payment, of any part or all of such Deceased Participant’s Account the payment of which would be made neither within six (6) months after, nor within the calendar year of, the date of such election. Such election shall be made
by filing a Subsequent Election with the Administrator in which the Beneficiary shall specify the change in the manner of distribution or the change in the time of payment, which shall be no less than two (2) nor more than ten (10) years
from the previously-elected payment date. A Beneficiary may make one (1) Subsequent Election under this Section 3.5(d)(i), with respect to all or any part of the Deceased Participant’s Account. Subsequent Elections pursuant to this
Section 3.5(d)(i) may specify different changes for different parts of the Deceased Participant’s Account. 
 (ii)
Exception. Notwithstanding the above Section 3.5(d)(i), a Subsequent Election may be made by a Beneficiary within sixty (60) days of the Deceased Participant’s death; provided, however, such election may only be made with
respect to amounts which would not be paid under the Deceased Participant’s election as in effect on the date of the Deceased Participant’s death until a date which is at least six (6) months from the Deceased Participant’s date
of death. Such election shall be made by filing a Subsequent Election with the Administrator in which the Beneficiary shall specify the change in the manner of distribution or the change in the time of payment, which shall be no less than two
(2) nor more than ten (10) years from the previously-elected payment date. A Beneficiary may make one (1) Subsequent Election under this Section 3.5(d)(ii) with respect to all or any part of the Deceased Participant’s
Account. Subsequent Elections pursuant to this Section 3.5(d)(ii) may specify different changes for different parts of the Deceased Participant’s Account. 
  

 -12- 

 (e) Other Deferral and Acceleration by a Beneficiary. Any Beneficiary (other than a Surviving
Spouse who has made a Subsequent Election under Section 3.5(c) or a Beneficiary who has made a Subsequent Election under Section 3.5(d)) may elect to change the manner of distribution from the manner of distribution in which payment of a
Deceased Participant’s Account would otherwise be made, and 
 (i) Defer the time of payment of any part or all of the Deceased
Participant’s Account or deceased Beneficiary’s Account for one additional year from the date a payment would otherwise be made or begin (provided that if a Subsequent Election is made pursuant to this Section 3.5(e)(i), the Deceased
Participant’s Account or deceased Beneficiary’s Account shall be in all events distributed in full on or before the fifth anniversary of the Deceased Participant’s or a deceased Beneficiary’s death); or 
 (ii) Accelerate the time of payment of a Deceased Participant’s Account or deceased Beneficiary’s Account from the date or dates that payment
would otherwise be made or begin to the date that is the later of (A) six (6) months after the date of the Deceased Participant’s or deceased Beneficiary’s death and (B) January 2nd of the calendar year beginning after
the Deceased Participant’s or deceased Beneficiary’s death, provided that if a Subsequent Election is made pursuant to this Section 3.5(e)(ii), the Deceased Participant’s Account or deceased Beneficiary’s Account shall be
distributed in full on such accelerated payment date. 
 A Subsequent Election pursuant to this Section 3.5(e) must be filed with the Administrator
within one hundred and twenty (120) days following the Deceased Participant’s or deceased Beneficiary’s death. One and only one Subsequent Election shall be permitted pursuant to this Section 3.5(e) with respect to a Deceased
Participant’s Account or deceased Beneficiary’s Account, although if such Subsequent Election is filed pursuant to Section 3.5(e)(i), it may specify different changes for different parts of the Account. 
 (f) Disabled Participant. A Disabled Participant (who has not been permitted to make a Subsequent Election under Section 3.5(h)) may elect to
change the form of distribution from the form of distribution that the payment of the Disabled Participant’s Account would otherwise be made and may elect to accelerate the time of payment of the Disabled Participant’s Account from the
date payment would otherwise be made to January 2nd of the calendar year beginning after the Participant became disabled. A Subsequent Election pursuant to this Section 3.5(f) must be filed with the Administrator on or before the close of
business on the later of (i) the June 30 following the date the Participant becomes a Disabled Participant if the Participant becomes a Disabled Participant on or before May 1 of a calendar year; (ii) the 60th day following the
date the Participant becomes a Disabled Participant if the Participant becomes a Disabled Participant after May 1 and before November 2 of a calendar year or (iii) the December 31 following the date the Participant becomes a
Disabled Participant if the Participant becomes a Disabled Participant after November 1 of a calendar year. 
 (g) Retired
Participant. A Retired Participant (who has not been permitted to make a Subsequent Election under Section 3.5(h)) may elect to change the form of distribution from the form of distribution that payment of the Retired Participant’s
Account would otherwise be made and may elect to defer the time of payment of the Retired Participant’s Account for a minimum of two additional years from the date payment would otherwise be made (provided that 
  

 -13- 

 if a Subsequent Election is made pursuant to this Section 3.5(g), the Retired Participant’s Account shall be
distributed in full on or before the fifth anniversary of the Retired Participant’s Normal Retirement). A Subsequent Election pursuant to this Section 3.5(g) must be filed with the Administrator on or before the close of business on the
later of (i) the June 30 following the Participant’s Normal Retirement on or before May 1 or a calendar year, (ii) the 60th day following the Participant’s Normal Retirement after May 1 and before November 2
of a calendar year or (iii) the December 31 following the Participant’s Normal Retirement after November 1 of a calendar year. 
 (h) Retired Participants and Disabled Participants. The Committee may, in its sole and absolute discretion, permit a Retired Participant or a Disabled Participant to make a Subsequent Election to change the form of distribution that
the payment of the Retired Participant’s account would otherwise be made or to defer the time of payment of any part or all of such Retired or Disabled Participant’s Account for a minimum of two years and a maximum of ten additional years
from the previously-elected payment date, by filing a Subsequent Election with the Administrator on or before the close of business on June 30 of the calendar year preceding the calendar year in which the lump-sum distribution or initial
installment payment would otherwise be made. The number of Subsequent Elections under this Section 3.5(h) shall be determined by the Committee in its sole and absolute discretion. 
 (i) Most Recently Filed Initial Election or Subsequent Election Controlling. Subject to acceleration pursuant to Section 3.5(e) or 3.5(f),
Section 3.7 or Section 7.1, no distribution of the amounts deferred by a Participant for any calendar year shall be made before the payment date designated by the Participant or Beneficiary on the most recently filed Initial Election or
Subsequent Election with respect to each deferred amount. 
 3.6. Distribution in Full Upon Terminating Event. The Company shall give
Participants at least thirty (30) days notice (or, if not practicable, such shorter notice as may be reasonably practicable) prior to the anticipated date of the consummation of a Terminating Event. The Committee may, in its discretion, provide
in such notice that notwithstanding any other provision of the Plan or the terms of any Initial Election or Subsequent Election, upon the consummation of a Terminating Event, the Account balance of each Participant shall be distributed in full and
any outstanding Initial Elections or Subsequent Elections shall be revoked. 
 3.7. Withholding and Payment of Death Taxes.

 (a) Notwithstanding any other provisions of this Plan to the contrary, including but not limited to the provisions of Article 3 and Article
7, or any Initial or Subsequent Election filed by a Deceased Participant or a Deceased Participant’s Beneficiary (for purposes of this Section, the “Decedent”), the Administrator shall apply the terms of Section 3.7(b) to the
Decedent’s Account unless the Decedent affirmatively has elected, in writing, filed with the Administrator, to waive the application of Section 3.7(b). 
  

 -14- 

 (b) Unless the Decedent affirmatively has elected, pursuant to Section 3.7(a), that the terms of
this Section 3.7(b) not apply: 
 (i) The Administrator shall prohibit the Decedent’s Beneficiary from taking any action under any
of the provisions of the Plan with regard to the Decedent’s Account other than the Beneficiary’s making of a Subsequent Election pursuant to Section 3.5; 
 (ii) The Administrator shall defer payment of the Decedent’s Account until the later of the Death Tax Clearance Date and the payment date designated in the Decedent’s Initial Election or Subsequent Election;

 (iii) The Administrator shall withdraw from the Decedent’s Account such amount or amounts as the Decedent’s Personal
Representative shall certify to the Administrator as being necessary to pay the Death Taxes apportioned against the Decedent’s Account; the Administrator shall remit the amounts so withdrawn to the Personal Representative, who shall apply the
same to the payment of the Decedent’s Death Taxes, or the Administrator may pay such amounts directly to any taxing authority as payment on account of Decedent’s Death Taxes, as the Administrator elects; 
 (iv) If the Administrator makes a withdrawal from the Decedent’s Account to pay the Decedent’s Death Taxes and such withdrawal causes the
recognition of income to the Beneficiary, the Administrator shall pay to the Beneficiary from the Decedent’s Account, within thirty (30) days of the Beneficiary’s request, the amount necessary to enable the Beneficiary to pay the
Beneficiary’s income tax liability resulting from such recognition of income; additionally, the Administrator shall pay to the Beneficiary from the Decedent’s Account, within thirty (30) days of the Beneficiary’s request, such
additional amounts as are required to enable the Beneficiary to pay the Beneficiary’s income tax liability attributable to the Beneficiary’s recognition of income resulting from a distribution from the Decedent’s Account pursuant to
this Section 3.7(b)(iv); 
 (v) Amounts withdrawn from the Decedent’s Account by the Administrator pursuant to Sections
3.7(b)(iii) and 3.7(b)(iv) shall be withdrawn from the portions of Decedent’s Account having the earliest distribution dates as specified in Decedent’s Initial Election or Subsequent Election; and 
 (vi) Within a reasonable time after the later to occur of the Death Tax Clearance Date and the payment date designated in the Decedent’s Initial
Election or Subsequent Election, the Administrator shall pay the Decedent’s Account to the Beneficiary. 
 ARTICLE 4 - MANNER OF
DISTRIBUTION 
 4.1. Manner of Distribution. 
 (a) Amounts credited to an Account shall be distributed, pursuant to an Initial Election or Subsequent Election in either (i) a lump sum payment or (ii) substantially equal annual installments over a five
(5), ten (10) or fifteen (15) year period or (iii) substantially equal monthly installments over a period not exceeding fifteen (15) years. Installment distributions payable in the form of shares of Company Stock shall be rounded
to the nearest whole share. 
  

 -15- 

 (b) Notwithstanding any Initial Election or Subsequent Election or any other provision of the Plan to the
contrary: 
 (i) distributions pursuant to Initial Elections or Subsequent Elections shall be made in one lump sum payment unless the portion
of a Participant’s Account subject to distribution, as of both the date of the Initial Election or Subsequent Election and the benefit commencement date, has a value of more than $10,000; 
 (ii) following a Participant’s termination of employment for any reason, if the amount credited to the Participant’s Account has a value of
$25,000 or less, the Administrator may, in its sole discretion, direct that such amount be distributed to the Participant (or Beneficiary, as applicable) in one lump sum payment; provided, however, that this Section 4.1(b)(ii) shall not apply
to any amount credited to a Participant’s Account until the expiration of the deferral period applicable under any Initial Election or Subsequent Election in effect as of April 29, 2002. 
 4.2. Determination of Account Balances for Purposes of Distribution. The amount of any distribution made pursuant to Section 4.1 shall be
based on the balances in the Participant’s Account on the date of distribution. For this purpose, the balance in a Participant’s Account shall be calculated by crediting income, gains and losses under the Company Stock Fund and Income
Fund, as applicable, through the date immediately preceding the date of distribution. 
 4.3. Plan-to-Plan Transfers. The
Administrator may delegate its authority to arrange for plan-to-plan transfers as described in this Section 4.3 to an officer of the Company or committee of two or more officers of the Company. 
 (a) The Administrator may, with a Participant’s consent, make such arrangements as it may deem appropriate to transfer the Company’s obligation
to pay benefits with respect to such Participant which have not become payable under this Plan, to another employer, whether through a deferred compensation plan, program or arrangement sponsored by such other employer or otherwise, or to another
deferred compensation plan, program or arrangement sponsored by the Company or an Affiliate. Following the completion of such transfer, with respect to the benefit transferred, the Participant shall have no further right to payment under this Plan.

 (b) Pursuant to Q-A 19(c) of IRS Notice 2005-1, to the extent provided by the Committee or its delegate, on or before
December 31, 2005, a Participant may, with respect to all or any portion of his or her Account, make new payment elections as to the form and timing of payment of such amounts as may be permitted under the Comcast Corporation 2005 Deferred
Compensation Plan, provided that following the completion of such new payment election, such amounts shall not be treated as grandfathered benefits under this Plan, but instead shall be treated as non-grandfathered benefits, subject to the rules of
the Comcast Corporation 2005 Deferred Compensation Plan. 
  

 -16- 

 4.4. Supplemental RIP Legacy Accounts. 
 (a) Earnings Adjustment. As of the last day of each calendar year, each Supplemental RIP Legacy Account shall be adjusted as if such Account were
invested at the rate of 12% per annum, compounded annually. 
 (b)
Distribution. A Participant with respect to whom a Supplemental RIP Legacy Account has been established under the Plan and whose employment terminates for any reason shall receive distribution of the Participant’s entire Supplemental RIP
Legacy Account in one lump sum as soon after such termination of employment as is administratively feasible. The amount distributed shall be the balance of the Participant’s Supplemental RIP Legacy Account as of the preceding
December 31st, increased by one percent for each completed month in the year of distribution preceding the date
on which distribution is made, reduced by any applicable payroll taxes or required tax withholding. 
 ARTICLE 5 - BOOK ACCOUNTS

 5.1. Deferred Compensation Account. A deferred Compensation Account shall be established for each Outside Director and Eligible
Employee when such Outside Director or Eligible Employee becomes a Participant. Compensation deferred pursuant to the Plan shall be credited to the Account on the date such Compensation would otherwise have been payable to the Participant.

 5.2. Crediting of Income, Gains and Losses on Accounts. 
 (a) In General. Except as otherwise provided in this Section 5.2, the Administrator shall credit income, gains and losses with respect to each
Participant’s Account as if it were invested in the Income Fund. 
 (b) Investment Fund Elections. 
 (i) Except for amounts credited to the Accounts of Participants who are Outside Directors who have elected to defer the receipt of Compensation payable
in the form of Company Stock, all amounts credited to Participants’ Accounts on and after July 9, 2002 shall be credited with income, gains and losses as if it were invested in the Income Fund. Each Participant who, as of July 9,
2002, has all or any portion of his or her Account credited with income, gains and losses as if it were invested in the Company Stock Fund may direct, as of any business day, to have all or any portion of the amount credited to the Company Stock
Fund deemed transferred to the Income Fund, in accordance with procedures established by the Administrator from time to time. No portion of the Participant’s Account credited to the Income Fund may be deemed transferred to the Company Stock
Fund. 
 (ii) With respect to amounts credited to Participants’ Accounts through July 9, 2002, investment fund elections shall
continue in effect until revoked or superseded. Except for amounts credited to the Accounts of Participants who are Outside Directors who have elected to defer the receipt of Compensation payable in the form of Company Stock, all amounts credited to
Participants’ Accounts on and after July 9, 2002 shall be deemed to be invested in the Income Fund. Except for amounts described in Section 5.2(c), 
  

 -17- 

 notwithstanding any investment fund election to the contrary, as of the valuation date (as determined under
Section 4.2) for the distribution of all or any portion of a Participant’s Account that is subject to distribution in the form of installments described in Section 4.1(a) or (b), such Account, or portion thereof, shall be deemed
invested in the Income Fund (and transferred from the Company Stock Fund to the Income Fund, to the extent necessary) until such Account, or portion thereof, is distributed in full. 
 (iii) Investment fund elections under this Section 5.2(b) shall be effective as soon as practicable following the Participant’s election,
pursuant to procedures established by the Administrator. An Active Participant may not make an investment fund election with respect to Compensation to be deferred for a calendar year. 
 (iv) Except for amounts described in Section 5.2(c), if a Participant ceases to continue in service as an Active Participant, then, notwithstanding
any election to the contrary, such Participant’s Account shall be deemed invested in the Income Fund, effective as of the first day of any calendar year beginning after such Participant ceases to continue in service as an Active Participant.

 (c) Outside Director Stock Fund Credits. Amounts credited to the Accounts of Outside Directors in the form of Company Stock shall
be credited with income, gains and losses as if they were invested in the Company Stock Fund. No portion of such Participant’s Account attributable to amounts credited after December 31, 2002 to the Company Stock Fund may be deemed
transferred to the Income Fund. Distributions of amounts credited to the Company Stock Fund with respect to Outside Directors’ Accounts after December 31, 2002 shall be distributable in the form of Company Stock, rounded to the nearest
whole share. 
 (d) Timing of Credits. Compensation deferred pursuant to the Plan shall be deemed invested in the Income Fund on the
date such Compensation would otherwise have been payable to the Participant. Accumulated Account balances subject to an investment fund election under Section 5.2(b) shall be deemed invested in the applicable investment fund as of the effective
date of such election. The value of amounts deemed invested in the Company Stock Fund shall be based on hypothetical purchases and sales of Company Stock at Fair Market Value as of the effective date of an investment election. 
 5.3. Status of Deferred Amounts. Regardless of whether or not the Company is a Participant’s employer, all Compensation deferred under this
Plan shall continue for all purposes to be a part of the general funds of the Company. 
 5.4. Participants’ Status as General
Creditors. Regardless of whether or not the Company is a Participant’s employer, an Account shall at all times represent a general obligation of the Company. The Participant 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 the Participant’s Accounts. Nothing contained herein shall be deemed to create an escrow, trust, custodial account or fiduciary relationship of any kind. Nothing
contained herein shall be construed to eliminate any priority or preferred position of a Participant in a bankruptcy matter with respect to claims for wages. 
  

 -18- 

 ARTICLE 6 - NO ALIENATION OF BENEFITS; PAYEE DESIGNATION 
 Except as otherwise required by applicable law, the right of any Participant or Beneficiary to any benefit or interest under any of the provisions of
this Plan shall not be subject to encumbrance, attachment, execution, garnishment, assignment, pledge, alienation, sale, transfer, or anticipation, either by the voluntary or involuntary act of any Participant or any Participant’s Beneficiary
or by operation of law, nor shall such payment, right, or interest be subject to any other legal or equitable process. However, subject to the terms and conditions of the Plan, a Participant or Beneficiary may direct that any amount payable pursuant
to an Initial Election or a Subsequent Election on any date designated for payment be paid to any person or persons or legal entity or entities, including, but not limited to, an organization exempt from federal income tax under section 501(c)(3) of
the Code, instead of to the Participant or Beneficiary. Such a payee designation shall be provided to the Administrator by the Participant or Beneficiary in writing on a form provided by the Administrator, and shall not be effective unless it is
provided immediately preceding the time of payment. The Company’s payment pursuant to such a payee designation shall relieve the Company and its Affiliates of all liability for such payment. 
 ARTICLE 7 - DEATH OF PARTICIPANT 
 7.1. Death of Participant. A Deceased Participant’s Account shall be distributed in accordance with the last Initial Election or Subsequent Election made by the Deceased Participant before the Deceased Participant’s death,
unless the Deceased Participant’s Surviving Spouse or other Beneficiary timely elects to accelerate or defer the time or change the manner of payment pursuant to Section 3.5. 
 7.2. Designation of Beneficiaries. Each Participant and Beneficiary shall have the right to designate one or more Beneficiaries to receive
distributions in the event of the Participant’s or Beneficiary’s death by filing with the Administrator a Beneficiary designation on the form provided by the Administrator for such purpose. The designation of a Beneficiary or Beneficiaries
may be changed by a Participant or Beneficiary at any time prior to such Participant’s or Beneficiary’s death by the delivery to the Administrator of a new Beneficiary designation form. 
 ARTICLE 8 - HARDSHIP DISTRIBUTIONS 
 Notwithstanding the terms of an Initial Election or Subsequent Election, if, at the Participant’s request, the Board determines that the Participant has incurred a Hardship, the Board may, in its discretion, authorize the immediate
distribution of all or any portion of the Participant’s Account. 
 ARTICLE 9 - INTERPRETATION 
 9.1. Authority of Committee. The Committee shall have full and exclusive authority to construe, interpret and administer this Plan and the
Committee’s construction and interpretation thereof shall be binding and conclusive on all persons for all purposes. 
  

 -19- 

 9.2. Claims Procedure. If an individual (hereinafter referred to as the “Applicant,”
which reference shall include the legal representative, if any, of the individual) does not receive timely payment of benefits to which the Applicant believes he is entitled under the Plan, the Applicant may make a claim for benefits in the manner
hereinafter provided. 
 An Applicant may file a claim for benefits with the Administrator on a form supplied by the Administrator. If the
Administrator wholly or partially denies a claim, the Administrator shall provide the Applicant with a written notice stating: 
 (a) The
specific reason or reasons for the denial; 
 (b) Specific reference to pertinent Plan provisions on which the denial is based; 

(c) A description of any additional material or information necessary for the Applicant to perfect the claim and an explanation of why such material
or information is necessary; and 
 (d) Appropriate information as to the steps to be taken in order to submit a claim for review.

 Written notice of a denial of a claim shall be provided within 90 days of the receipt of the claim, provided that if special circumstances require an
extension of time for processing the claim, the Administrator may notify the Applicant in writing that an additional period of up to 90 days will be required to process the claim. 
 If the Applicant’s claim is denied, the Applicant shall have 60 days from the date of receipt of written notice of the denial of the claim to
request a review of the denial of the claim by the Administrator. Request for review of the denial of a claim must be submitted in writing. The Applicant shall have the right to review pertinent documents and submit issues and comments to the
Administrator in writing. The Administrator shall provide a written decision within 60 days of its receipt of the Applicant’s request for review, provided that if special circumstances require an extension of time for processing the review of
the Applicant’s claim, the Administrator may notify the Applicant in writing that an additional period of up to 60 days shall be required to process the Applicant’s request for review. 
 It is intended that the claims procedures of this Plan be administered in accordance with the claims procedure regulations of the Department of Labor set
forth in 29 CFR § 2560.503-1. 
 Claims for benefits under the Plan must be filed with the Administrator at the following address:

 Comcast Corporation 
 1500
Market Street 
 Philadelphia, PA 19102 
 Attention: General Counsel 
  

 -20- 

 ARTICLE 10 - AMENDMENT OR TERMINATION 
 10.1. Amendment or Termination. Except as otherwise provided by Section 10.2, the Company, by action of the Board or by action of the
Committee, shall have the right at any time, or from time to time, to amend or modify this Plan. The Company, by action of the Board, shall have the right to terminate this Plan at any time. 
 10.2. Amendment of Rate of Credited Earnings. No amendment shall change the Applicable Interest Rate with respect to the portion of a
Participant’s Account that is attributable to an Initial Election or Subsequent Election made with respect to Compensation earned in a calendar year and filed with the Administrator before the date of adoption of such amendment by the Board.
For purposes of this Section 10.2, a Subsequent Election to defer the payment of part or all of an Account for an additional period after a previously-elected payment date (as described in Section 3.5) shall be treated as a separate
Subsequent Election from any previous Initial Election or Subsequent Election with respect to such Account. 
 ARTICLE 11 - WITHHOLDING OF
TAXES 
 Whenever the Participating Company is required to credit deferred Compensation to the Account of a Participant, the
Participating Company shall have the right to require the Participant to remit to the Participating Company an amount sufficient to satisfy any federal, state and local withholding tax requirements prior to the date on which the deferred
Compensation shall be deemed credited to the Account of the Participant, or take any action whatever that it deems necessary to protect its interests with respect to tax liabilities. The Participating Company’s obligation to credit deferred
Compensation to an Account shall be conditioned on the Participant’s compliance, to the Participating Company’s satisfaction, with any withholding requirement. To the maximum extent possible, the Participating Company shall satisfy all
applicable withholding tax requirements by withholding tax from other Compensation payable by the Participating Company to the Participant, or by the Participant’s delivery of cash to the Participating Company in an amount equal to the
applicable withholding tax. 
 ARTICLE 12 - MISCELLANEOUS PROVISIONS 
 12.1. No Right to Continued Employment. Nothing contained herein shall be construed as conferring upon any Participant the right to remain in
service as an Outside Director or in the employment of a Participating Company as an executive or in any other capacity. 
 12.2. Expenses
of Plan. All expenses of the Plan shall be paid by the Participating Companies. 
 12.3. Gender and Number. Whenever any words are
used herein in any specific gender, they shall be construed as though they were also used in any other applicable gender. The singular form, whenever used herein, shall mean or include the plural form, and vice versa, as the context may
require. 
 12.4. Law Governing Construction. The construction and administration of the Plan and all questions pertaining thereto,
shall be governed by the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and other applicable federal law and, to the extent not governed by federal law, by the laws of the Commonwealth of Pennsylvania. 

 

 -21- 

 12.5. Headings Not a Part Hereof. Any headings preceding the text of the several Articles,
Sections, subsections, or paragraphs hereof are inserted solely for convenience of reference and shall not constitute a part of the Plan, nor shall they affect its meaning, construction, or effect. 
 12.6. Severability of Provisions. If any provision of this Plan is determined to be void by any court of competent jurisdiction, the Plan shall
continue to operate and, for the purposes of the jurisdiction of that court only, shall be deemed not to include the provision determined to be void. 
 ARTICLE 13 - EFFECTIVE DATE 
 The effective date of this amendment and restatement of the Plan shall
be December 5, 2006. 
 IN WITNESS WHEREOF, COMCAST CORPORATION has caused this
Plan to be executed by its officers thereunto duly authorized, and its corporate seal to be affixed hereto, as of the 5th day of December, 2006. 
  

			
	COMCAST CORPORATION
		
	By:	 	 /s/ David L. Cohen

		 	David L. Cohen
		
	Attest:	 	 /s/ Arthur R. Block

		 	Arthur R. Block

  

 -22-Supplemental Indenture

 Exhibit 4.1 
 EXECUTION COPY 
  

 LEVEL 3 COMMUNICATIONS, INC., 
 as Guarantor, 
 LEVEL 3 FINANCING, INC. 
 as Issuer,

 and 
 THE BANK OF NEW YORK,

 as Trustee 
  

 SUPPLEMENTAL INDENTURE 
 DATED AS OF FEBRUARY 23, 2007 
  

 12.25% Senior Notes due 2013 
  

 SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of February 23, 2007, by
and among LEVEL 3 FINANCING, INC., a Delaware corporation (the “Company”), LEVEL 3 COMMUNICATIONS, INC., a Delaware corporation (“Parent”), LEVEL 3 COMMUNICATIONS, LLC, a Delaware limited liability company (“Level 3
LLC”), BROADWING FINANCIAL SERVICES, INC., a Delaware corporation (“Broadwing Financial” and, together with Parent and Level 3 LLC, the “Guarantors”), and THE BANK OF NEW YORK, a New York banking corporation (the
“Trustee”), as Trustee under the Indenture (as hereinafter defined). 
 RECITALS 
 WHEREAS, the Company, Parent and the Trustee have as of March 14, 2006 entered into an Indenture, as supplemented by (i) a supplemental
indenture, dated as of October 12, 2006, by and among the Company, Level 3 Communications, LLC (“Level 3 LLC”) and the Trustee, (ii) a supplemental indenture, dated as of October 12, 2006, by and among the Company, Parent,
Level 3 LLC and the Trustee and (iii) a supplemental indenture, dated as of January 4, 2007, by and among the Company, Parent, Level 3 LLC, Broadwing Financial Services, Inc. and the Trustee (as supplemented, the “Indenture”),
providing for the issuance by the Company from time to time of its 12.25% Senior Notes due 2013 (the “Notes”); 
 WHEREAS,
Section 902 of the Indenture provides, among other things, that the Company, the Guarantors and the Trustee, with the consent of the Holders of not less than a majority in principal amount of the Notes, may enter into one or more supplemental
indentures for the purpose of adding provisions to or changing or eliminating certain of the provisions of the Indenture; 
 WHEREAS, the
Company has received the written consents of the Holders of a majority of the aggregate principal amount of the Notes to amend the Indenture as provided herein and enter into this Supplemental Indenture; 
 WHEREAS, the Company desires to enter into this Supplemental Indenture, and has duly authorized the execution and delivery of this Supplemental Indenture
to modify the Indenture; 
 WHEREAS, concurrent with the execution hereof, the Company has delivered to the Trustee an Officers’
Certificate and has caused its counsel to deliver to the Trustee an Opinion of Counsel; and 
 WHEREAS, all conditions and requirements of
the Indenture necessary to make this Supplemental Indenture a valid, binding and legal instrument in accordance with its terms have been performed and fulfilled by the parties hereto and the execution and delivery thereof have been in all respects
duly authorized by the parties hereto. 
 NOW, THEREFORE: 
 For and in consideration of the mutual premises and agreements herein contained, the Company, the Guarantors and the Trustee covenant and agree, for the equal and proportionate benefit of all Holders of the Notes, as
follows: 

 ARTICLE ONE 
 EFFECTIVENESS AND EFFECT 
 SECTION 1.1. EFFECTIVENESS AND EFFECT 
 This Supplemental Indenture shall take effect at the time of the execution hereof, and the amendments to the Indenture provided for in Article Two hereof
shall have no force or effect prior to such time. Subject to the foregoing, the provisions set forth in this Supplemental Indenture shall be deemed to be, and shall be construed as part of, the Indenture. All references to the Indenture in the
Indenture or in any other agreement, document or instrument delivered in connection therewith or pursuant thereto shall be deemed to refer to the Indenture as amended by this Supplemental Indenture. Except as amended hereby, the Indenture shall
remain in full force and effect. 
 ARTICLE TWO 
 AMENDMENTS TO THE INDENTURE 
 SECTION 2.1. DEFINITIONS. 
 (a) Capitalized terms used in this Supplemental Indenture and not otherwise defined shall have the respective meanings assigned thereto in
the Indenture. 
 (b) The following definition is hereby added to Section 101 of the Indenture in appropriate
alphabetical position: 
 “Pro Forma Consolidated Cash Flow Available for Fixed Charges” for Parent and its
Restricted Subsidiaries or the Issuer or any Issuer Restricted Subsidiary for any period means Consolidated Cash Flow Available for Fixed Charges of Parent and its Restricted Subsidiaries for such period, calculated in accordance with the definition
thereof; provided, however, that if (A) since the beginning of the applicable period Parent or one of its Restricted Subsidiaries shall have made one or more Asset Dispositions or an Investment (by merger or otherwise) in any Restricted
Subsidiary (or any Person which becomes a Restricted Subsidiary) or an acquisition, merger or consolidation of Property which constitutes all or substantially all of an operating unit of a business or a line of business that was completed prior to
February 1, 2007, or (B) since the beginning of such period any Person (that subsequently became a Restricted Subsidiary or was merged with or into Parent or any Restricted Subsidiary since the beginning of such period) shall have made
such an Asset Disposition, Investment, acquisition, merger or consolidation that was completed prior to February 1, 2007, then in each case Consolidated Cash Flow Available for Fixed Charges for such four full fiscal quarter period shall be
calculated after giving pro forma effect to such Asset Dispositions, Investments, acquisitions, mergers or consolidations as if such Asset Dispositions, Investments, acquisitions, mergers or consolidations occurred on the first day of such period.
For purposes of this definition, whenever “pro forma” effect is to be given to any Asset Disposition, 

  

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Investment, acquisition, merger or consolidation, the calculations shall be performed in accordance with Article 11 of Regulation S-X promulgated under the
Securities Act, as interpreted in good faith by the chief financial officer of Parent, except that any such pro forma calculation may include operating expense reductions for such period attributable to the transaction to which pro forma effect is
being given (including, without limitation, operating expense reductions attributable to execution or termination of any contract, reduction of costs related to administrative functions, the termination of any employees or the closing (or the
approval by the Board of Directors of Parent of the closing) of any facility) that have been realized or for which all steps necessary for the realization of which have been taken or are reasonably expected to be taken within twelve months following
such transaction; provided that such adjustments are set forth in an Officers’ Certificate which states (i) the amount of such adjustment or adjustments and (ii) that such adjustment or adjustments are based on the reasonable good
faith beliefs of the Officers executing such Officers’ Certificate. 
 SECTION 2.2. AMENDMENT TO SECTION 1010.
Section 1010(b)(ii) of the Indenture is hereby amended and restated in its entirety to read as follows: 
 “(ii) Debt under Credit
Facilities in an aggregate principal amount outstanding or available (together with the sum of (A) the amount of any outstanding Debt Incurred pursuant to clause (ii) of paragraph (b) of Section 1011, plus (B) the amount of
all refinancing Debt outstanding or available pursuant to clause (vi) of paragraph (b) of Section 1011 in respect of Debt previously Incurred pursuant to clause (ii) of paragraph (b) of Section 1011, plus (C) the
amount of all refinancing Debt outstanding or available pursuant to clause (viii) below in respect of Debt previously Incurred pursuant to this clause (ii)) at any one time not to exceed the greater of (x) $750,000,000 and (y) 1.5
times Consolidated Cash Flow Available for Fixed Charges of Parent and its Restricted Subsidiaries for the four full fiscal quarters next preceding the Incurrence of such Debt for which consolidated financial statements are available, which amount
shall be permanently reduced by the amount of Net Available Proceeds used to repay Debt under the Credit Facilities or any refinancing Debt in respect of the Credit Facilities Incurred pursuant to clause (vi) of paragraph (b) of
Section 1011 or clause (viii) below), and not reinvested in Telecommunications/IS Assets or used to purchase Securities or repay other Debt, pursuant to and as permitted by Section 1016, provided, however, that on a one-time basis
designated by Parent at any time between February 23, 2007 and September 30, 2007, the reference to “Consolidated Cash Flow Available For Fixed Charges” in this clause (ii) shall be replaced with “Pro Forma Consolidated
Cash Flow Available For Fixed Charges,” and any such indebtedness incurred pursuant to the calculation of Pro Forma Consolidated Cash Flow Available For Fixed Charges may also be refinanced;” 
 SECTION 2.3. AMENDMENT TO SECTION 1011. Section 1011(b)(ii) of the Indenture is hereby amended and restated in its entirety to read as
follows: 
 “(ii) Debt of the Issuer or any Issuer Restricted Subsidiary under Credit Facilities in an aggregate principal amount
outstanding or available (together with the sum of (A) the amount of any outstanding Debt Incurred pursuant to clause (ii) of paragraph (b) of 

  

 3 

 
Section 1010, plus (B) the amount of all refinancing Debt outstanding or available pursuant to clause (viii) of paragraph (b) of
Section 1010, plus (C) the amount of all refinancing Debt outstanding or available pursuant to clause (vi) below in respect of Debt previously Incurred pursuant to this clause (ii)) at any one time not to exceed the greater of
(x) $750,000,000 and (y) 1.5 times Consolidated Cash Flow Available for Fixed Charges of Parent and its Restricted Subsidiaries for the four full fiscal quarters next preceding the Incurrence of such Debt for which consolidated financial
statements are available, which amount shall be permanently reduced by the amount of Net Available Proceeds used to repay Debt under the Credit Facilities (or any refinancing Debt in respect of the Credit Facilities Incurred pursuant to clause
(viii) of paragraph (b) of Section 1010 or clause (vi) below), and not reinvested in Telecommunications/IS Assets or used to purchase Securities or repay other Debt, pursuant to and as permitted by Section 1016, provided,
however, that on a one-time basis designated by Parent at any time between February 23, 2007 and September 30, 2007, the reference to “Consolidated Cash Flow Available For Fixed Charges” in this clause (ii) shall be replaced
with “Pro Forma Consolidated Cash Flow Available For Fixed Charges,” and any such indebtedness incurred pursuant to the calculation of Pro Forma Consolidated Cash Flow Available For Fixed Charges may also be refinanced;” 

ARTICLE THREE 
 MISCELLANEOUS 

SECTION 3.1. BENEFITS OF THIS SUPPLEMENTAL INDENTURE. Nothing contained in this Supplemental Indenture shall or shall be construed to confer
upon any person other than a Holder of the Notes, the Company, the Guarantors and the Trustee any right or interest to avail itself or himself, as the case may be, of any benefit under any provision of the Indenture or the Supplemental Indenture.

 SECTION 3.2. GOVERNING LAW. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE
STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 
 SECTION 3.3. COUNTERPARTS. This Supplemental Indenture may be executed in any number of counterparts, including via facsimile, each of which so
executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 
 SECTION
3.4. SEVERABILITY. In the event that any provision in this Supplemental Indenture shall be held to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or
impaired thereby. 
  

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 SECTION 3.5. HEADINGS. The article and section headings herein are for convenience only and shall
not affect the construction hereof. 
 SECTION 3.6. TRUSTEE NOT RESPONSIBLE FOR RECITALS. The recitals contained herein shall be
taken as the statements of the Issuer and the Guarantors, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Supplemental Indenture, except that the
Trustee represents that it is duly authorized to execute and deliver this Supplemental Indenture. 
 SECTION 3.7. SUCCESSORS AND
ASSIGNS. Any covenants and agreements in this Supplemental Indenture by the Company, the Guarantors and the Trustee shall bind their successors and assigns, whether so expressed or not. 
 [Remainder of Page Intentionally Left Blank] 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed by
their respective officers hereunto duly authorized, all as of the day and year first above written. 
  

					
	LEVEL 3 FINANCING, INC.
		
	By:	 	/s/ Sunit S. Patel
		 	Name:	 	 Sunit S. Patel

		 	Title:	 	Group Vice President

  

					
	LEVEL 3 COMMUNICATIONS, INC.
		
	By:	 	/s/ Robin E. Grey
		 	Name:	 	 Robin E. Grey

		 	Title:	 	Senior Vice President

  

					
	LEVEL 3 COMMUNICATIONS, LLC
		
	By:	 	/s/ Neil J. Eckstein
		 	Name:	 	Neil J. Eckstein
		 	Title:	 	 Senior Vice President 

  

					
	BROADWING FINANCIAL SERVICES, INC.
		
	By:	 	/s/ Neil J. Eckstein
		 	Name:	 	Neil J. Eckstein
		 	Title:	 	 Senior Vice President

  

					
	THE BANK OF NEW YORK, as Trustee
		
	By:	 	/s/ Stacey B. Poindexter
		 	Name:	 	Stacey B. Poindexter
		 	Title:	 	Assistant Vice President

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