Document:

Comcast Corporation Restricted Stock Unit Award

 Exhibit 10.39 
 COMCAST CORPORATION 
 RESTRICTED STOCK UNIT AWARD 
 This is a Restricted Stock Unit Award (the “Award”) dated «Grant_Date» from Comcast Corporation (the “Company”) to
«Name» (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) “Cash Flow” means operating
income before depreciation and amortization for the Company and those of its affiliates which are included with the Company in its consolidated financial statements, as determined by the Committee. 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 Cash Flow, the Committee shall adjust the First Tier Goal and the Second Tier Goal to take into
account the impact of such acquisition or disposition by increasing or decreasing such goals in the same proportion as 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 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.

 (e) “Code” means the Internal Revenue Code of 1986, as amended. 
 (f) “Committee” means the Compensation Committee of the Board or its delegate. 

 (g) “Date of Grant” means the date first set forth above, on which the
Company awarded the Restricted Stock Units. 
 (h) “Deferred Stock Units” means the number of hypothetical
Shares subject to an Election. 
 (i) “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. 
 (j) “Employer” means the Company or the subsidiary or affiliate of the Company for
which Grantee is performing services on the Vesting Date. 
 (k) “First Tier Goal” means the objective
performance goal established by the Committee for each of [Year 1], [Year 2], [Year 3], [Year 4] and [Year 5] on or before March 29 of each such calendar year and designated by the Committee as the First Tier Goal. 
 (l) “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. 
 (m) “Plan” means
the Comcast Corporation 2002 Restricted Stock Plan, incorporated herein by reference. 
 (n) “Restricted
Period” means, with respect to each Restricted Stock Unit, the period beginning on the Date of Grant and ending on the Vesting Date. 
 (o) “Restricted Stock Unit” means a unit that entitles Grantee, upon the Vesting Date set forth in an Award, to receive one Share. 
 (p) “Rule 16b-3” means Rule 16b-3 promulgated under the 1934 Act, as in effect from time to time. 
 (q) “Retired Grantee” means Grantee, following Grantee’s termination of employment pursuant to a Normal Retirement.

 (r) “Second Tier Goal” means the objective performance goal established by the Committee for each of [Year
1], [Year 2], [Year 3], [Year 4] and [Year 5] on or before March 29 of each such calendar year and designated by the Committee as the Second Tier Goal. 
 (s) “Shares” mean shares of the Company’s Class A Common Stock, par value $.01 per share. 
  

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 (t) “Vesting Date” means the date(s) on which Grantee vests in all or a
portion of the Restricted Stock Units, as provided in Paragraph 3. 
 (u) “1934 Act” means the
Securities Exchange Act of 1934, as amended. 
 (v) “[Year 1] RSUs” means «Rvest_Year_1» of the
Restricted Stock Units described in Paragraph 2. 
 (w) “[Year 2] RSUs” means «Rvest_Year_2»
of the Restricted Stock Units described in Paragraph 2, plus any [Year 1] RSUs that fail to vest under Paragraph 3(b)(1). 
 (x) “[Year 3] RSUs” means «Rvest_Year_3» of the Restricted Stock Units described in Paragraph 2, plus any [Year 2] RSUs that fail to vest under Paragraph 3(b)(2) (including Restricted Stock Units that
failed to vest before [Year 3]). 
 (y) “[Year 4] RSUs” means «Rvest_Year_4» of the Restricted
Stock Units described in Paragraph 2, plus any [Year 3] RSUs that fail to vest under Paragraph 3(b)(3) (including Restricted Stock Units that failed to vest before [Year 4]). 
 (z) “[Year 5] RSUs” means «Rvest_Year_5» of the Restricted Stock Units described in Paragraph 2, plus
any [Year 4] RSUs that fail to vest under Paragraph 3(b)(4) (including Restricted Stock Units that failed to vest before [Year 5]). 
 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 «Total_RSU» 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 in Paragraph 3(b), 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, and provided further that the applicable performance conditions as set forth in Paragraph 3(b) have been satisfied. 
 (b) Subject to Paragraphs 3(a) and 3(c), a Vesting Date for Restricted Stock Units subject to the Award shall occur in accordance with the following schedule: 
 (1) [Year 1] RSUs. 
 A. As to two-thirds of the [Year 1] RSUs, April 28, [Year 2], provided that the First Tier Goal is satisfied for [Year 1]. 
 B. As to an additional one-third of the [Year 1] RSUs, April 28, [Year 2], provided that the Second Tier Goal is satisfied for [Year
1]. 
  

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 (2) [Year 2] RSUs. 
 A. As to two-thirds of the [Year 2] RSUs, March 28, [Year 3], provided that the First Tier Goal is satisfied for either [Year 1] or
[Year 2]. 
 B. As to an additional one-third of the [Year 2] RSUs, March 28, [Year 3], provided that the Second Tier
Goal is satisfied for either [Year 1] or [Year 2]. 
 (3) [Year 3] RSUs. 
 A. As to two-thirds of the [Year 3] RSUs, March 28, [Year 4], provided that the First Tier Goal is satisfied for any of [Year 1],
[Year 2] or [Year 3]. 
 B. As to an additional one-third of the [Year 3] RSUs, March 28, [Year 4], provided that the
Second Tier Goal is satisfied for any of [Year 1], [Year 2] or [Year 3]. 
 (4) [Year 4] RSUs. 
 A. As to two-thirds of the [Year 4] RSUs, March 28, [Year 5], provided that the First Tier Goal is satisfied for any of [Year 1],
[Year 2], [Year 3] or [Year 4]. 
 B. As to an additional one-third of the [Year 4] RSUs, March 28, [Year 5], provided
that the Second Tier Goal is satisfied for [Year 1], [Year 2], [Year 3] or [Year 4]. 
 (5) [Year 5] RSUs. 

A. As to two-thirds of the [Year 5] RSUs, March 28, [Year 6], provided that the First Tier Goal is satisfied for [Year 1], [Year
2], [Year 3], [Year 4] or [Year 5]. 
 B. As to an additional one-third of the [Year 5] RSUs, March 28, [Year 6],
provided that the Second Tier Goal is satisfied for [Year 1], [Year 2], [Year 3], [Year 4] or [Year 5]. 
 Notwithstanding anything herein to
the contrary, to the extent a Vesting Date for any [Year 5] RSUs has not occurred on or prior to March 28, [Year 6], such [Year 5] RSUs which have not vested and become nonforfeitable shall immediately and automatically, without any action on
the part of the Grantee or the Company, be forfeited by the Grantee and deemed canceled. 
 (c) Notwithstanding
Paragraphs 3(a) and 3(b) 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(i)(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. 
  

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 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. 
 (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. 
  

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 (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.

 (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 

  

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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:	 	 
		 	
		
	 ATTEST:
	 	 
		 	

  

 -8-Form of Comcast Corporation Non-Qualified Stock Option

 Exhibit 10.40 
 FORM OF COMCAST CORPORATION 
 NON-QUALIFIED OPTION 
 This is a Non-Qualified Stock Option Award dated «Grant_Date» (“Award”) from Comcast Corporation (the “Sponsor”) to
«Name» (the “Optionee”). 
 1. Definitions. As used herein: 
 (a) “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. 
 (b) “Board” means the board of directors of the Sponsor. 
 (c) “Cause” means (i) fraud; (ii) misappropriation; (iii) embezzlement; (iv) gross negligence in the
performance of duties; (v) self-dealing; (vi) misrepresentation; (vii) dishonesty; (viii) conviction of a crime of a felony; (ix) material violation of any Company policy; (x) material violation of the Company’s
Code of Ethics and Business Conduct or, (xi) in the case of an employee of a Company who is a party to an employment agreement with a Company, material breach of such agreement; provided that as to items (ix), (x) and (xi), if
capable of being cured, such event or condition remains uncured following 30 days written notice thereof. 
 (d)
“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 Sponsor
such that such Person has the ability to direct the management of the Sponsor, 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. 
 (e) “Closing” means the
closing of the acquisition and sale of the Shares as described in, and subject to the provisions of, Paragraph 9 hereof. 
 (f) “Closing Date” means the date of the Closing. 
 (g) “Code” means the Internal
Revenue Code of 1986, as amended. 
 (h) “Committee” means those members of the Board who have been
designated pursuant to the Plan to act in that capacity. 
 (i) “Common Stock” means the Sponsor’s
Class A Common Stock, par value, $.01 per share. 

 (j) “Company” means the Sponsor and each of its Subsidiaries.

 (k) “Date of Exercise” means the date on which the notice required by Paragraph 6 hereof is
hand-delivered, placed in the United States mail postage prepaid, or delivered to a telegraph or telex facility. 
 (l)
“Date of Grant” means the date hereof, the date on which the Sponsor awarded the Option. 
 (m)
“Disability” means a disability within the meaning of section 22(e)(3) of the Code. 
 (n)
“Expiration Date” means the earliest of the following: 
 (1) If the Optionee’s Termination of
Employment with the Company is due to any reason other than death, Disability, Retirement, Discharge Without Cause (as defined in the Optionee’s employment agreement with the Company), With Good Reason (as defined in the Optionee’s
Employment Agreement) or Cause, the date 90 days following such Termination of Employment; 
 (2) If the Optionee’s
Termination of Employment with the Company occurs after qualifying for Retirement, the date 39 months after the date of the Optionee’s Termination of Employment, subject to cancellation by the Committee pursuant to Paragraph 3(b); 

(3) If the Optionee’s Termination of Employment with the Company is due to Discharge Without Cause (as defined in the
Optionee’s employment agreement) or With Good Reason (as defined in the Optionee’s employment agreement), the date that is 90 days following the first anniversary of the Termination of Employment; 
 (4) If the Optionee’s Termination of Employment with the Company is for Cause, the date of such Termination of Employment; or

 (5) The day before the tenth anniversary of the Date of Grant. 
 (o) “Fair Market Value” means the Fair Market Value of a Share, as determined pursuant to the Plan. 
 (p) “Option” means the option hereby granted. 
 (q) “Option Price” means «Strike_Price» per Share, as calculated pursuant to the Plan. 
 (r) “Person” means an individual, a corporation, a partnership, an association, a trust or any other entity or
organization. 
 (s) “Plan” means the Comcast Corporation 2003 Stock Option Plan, incorporated herein by
reference. 
  

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 (t) “Retirement” An Optionee will be qualified for Retirement after
reaching age 62 and completing 10 or more years of service with the Company. 
 (u) “Shares” mean the
«Total_Options» shares of Common Stock, which are the subject of the Option hereby granted. 
 (v)
“Sponsor” means Comcast Corporation, a Pennsylvania corporation, including any successor thereto by merger, consolidation, acquisition of all or substantially all the assets thereof, or otherwise. 
 (w) “Subsidiary” means any business entity that, at the time in question, is a subsidiary of the Sponsor within the
meaning of section 424(f) of the Code. 
 (x) “Ten Percent Shareholder” means a person who on the Date of
Grant owns, either directly or within the meaning of the attribution rules contained in section 424(d) of the Code, stock possessing more than 10% of the total combined voting power of all classes of stock of his employer corporation or of its
parent or subsidiary corporations, as defined respectively in sections 424(e) and (f) of the Code, provided that the employer corporation is the Sponsor or a Subsidiary. 
 (y) “Terminating Event” means any of the following events: 
 (1) the liquidation of the Sponsor; or 
 (2) a Change of Control. 
 (z) “Termination of Employment” means the
Optionee’s termination of employment. For purposes of the Plan and this Award, the Optionee’s Termination of Employment occurs on the date the Optionee ceases to have a regular obligation to perform services for the Company, without regard
to whether (i) the Optionee continues on the Company’s payroll for regular, severance or other pay or (ii) the Optionee continues to participate in one or more health and welfare plans maintained by the Company on the same basis as
active employees. Whether the Optionee ceases to have a regular obligation to perform services for the Company shall be determined by the Committee in its sole discretion. Notwithstanding the foregoing, if the Optionee is a party to an employment
agreement or severance agreement with the Company which establishes the effective date of the Optionee’s termination of employment for purposes of this Award, that date shall apply. 
 (aa) “Third Party” means any Person other than a Company, together with such Person’s Affiliates, provided that the
term “Third Party” shall not include the Sponsor or an Affiliate of the Sponsor. 
 (bb) “1933 Act”
means the Securities Act of 1933, as amended. 
 (cc) “1934 Act” means the Securities Exchange Act of 1934,
as amended. 
  

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 2. Grant of Option. Subject to the terms and conditions set forth herein and in the Plan, the
Sponsor hereby grants to the Optionee the Option to purchase any or all of the Shares. 
 3. Time of Exercise of Options. 

(a) Except as provided in Paragraphs 3(b) or 4, the Option may be exercised after such time or times as set forth below, and shall
remain exercisable until the Expiration Date, when the right to exercise shall terminate absolutely: 
  

			
		
	«OVest_Year_2»	  	of the Shares subject to the Option may be exercised following the second anniversary of the Date of Grant.
		
	«OVest_Year_3»	  	of the Shares subject to the Option may be exercised following the third anniversary of the Date of Grant.
		
	«OVest_Year_4»	  	of the Shares subject to the Option may be exercised following the fourth anniversary of the Date of Grant.
		
	«OVest_Year_5»	  	of the Shares subject to the Option may be exercised following the fifth anniversary of the Date of Grant.
		
	«OVest_Year_6»	  	of the Shares subject to the Option may be exercised following the sixth anniversary of the Date of Grant.
		
	«OVest_Year_7»	  	of the Shares subject to the Option may be exercised following the seventh anniversary of the Date of Grant.
		
	«OVest_Year_8»	  	of the Shares subject to the Option may be exercised following the eighth anniversary of the Date of Grant.
		
	«OVest_Year_9»	  	of the Shares subject to the Option may be exercised following the ninth anniversary of the Date of Grant.
		
	«OVest_Year_95»	  	of the Shares subject to the Option may be exercised following the nine and one-half year anniversary of the Date of Grant.

 (b) No Shares subject to the Option shall first become exercisable following the
Optionee’s Termination of Employment for any reason other than death or Disability, after qualifying for Retirement or due to Discharge Without Cause (as defined in the Optionee’s employment agreement) or With Good Reason (as defined in
the Optionee’s employment agreement). All Shares subject to the Option shall vest and become exercisable upon the Optionee’s Termination of Employment because of death or Disability. Furthermore, the Option shall continue to vest and
become exercisable in accordance with Paragraph 3(a) for a period of three years following the Optionee’s Termination of Employment after qualifying for Retirement; provided, however, that the Option will be subject to cancellation by the
Committee, in its sole discretion, if the Optionee breaches either of the following non-solicitation or non-competition obligations during the 39-month period following such Termination of Employment: 
  

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 (1) The Optionee shall not, directly or indirectly, solicit, induce, encourage or attempt
to influence any customer, employee, consultant, independent contractor, service provider or supplier of the Company to cease to do business or to terminate the employment or other relationship with the Company. 
 (2) The Optionee shall not, directly or indirectly, engage or be financially interested in (as an agent, consultant, director, employee,
independent contractor, officer, owner, partner, principal or otherwise), any activities for any business (whether conducted by an entity or individuals, including the Optionee in self-employment) that is engaged in competition, directly or
indirectly through any entity controlling, controlled by or under common control with such business, with any of the business activities carried on by the Company or any business unit of the Company, or being planned by the Company or business unit
with the Optionee’s knowledge at the time of the Optionee’s Termination of Employment. This restriction shall apply in any geographical area of the United States in which the Company carries out business activities. Nothing herein shall
prevent the Optionee from owning for investment up to five percent (5%) of any class of equity security of an entity whose securities are traded on a national securities exchange or market. 
 (c) The Option shall continue to vest and become exercisable for a period of one year following the Optionee’s Termination of
Employment due to a Discharge Without Cause (as defined in the Optionee’s employment agreement) or With Good Reason (as defined in the Optionee’s employment agreement). 
 4. Terminating Event. 
 (a) The Sponsor shall give the Optionee 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.
Upon receipt of such notice, and for a period of ten (10) days thereafter (or such shorter period as the Board shall reasonably determine and so notify the Optionee), the Optionee shall be permitted to exercise the Option to the extent the
Option is then exercisable; provided that, the Sponsor may, by similar notice, require the Optionee to exercise the Option, to the extent the Option is then exercisable, or to forfeit the Option (or portion thereof, as applicable). The
Committee may, in its discretion, provide that upon the Optionee’s receipt of the notice of a Terminating Event under this Paragraph 4(a), the entire number of Shares covered by Options shall become immediately exercisable. Upon the close
of the period described in this Paragraph 4(a) during which an Option may be exercised in connection with a Terminating Event, such Option (including such portion thereof that is not exercisable) shall terminate to the extent that such Option
has not theretofore been exercised. 
 (b) Notwithstanding Paragraph 4(a), in the event the Terminating Event is not
consummated, the Option shall be deemed not to have been exercised and shall be exercisable thereafter to the extent it would have been exercisable if no such notice had been given. 
  

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 5. Payment for Shares. Full payment for Shares purchased upon the exercise of an Option shall be
made via cashless exercise, such that subject to the other terms and conditions of the Award and the Plan, the Company shall deliver to the Optionee Shares having a Fair Market Value, as of the Date of Exercise, equal to the excess, if any, of
(a) the Fair Market Value of such Shares on the Date of Exercise of the Option over (b) the sum of (i) the aggregate Option Price for such Shares, plus (ii) the applicable tax withholding amounts (as determined pursuant to
Paragraph 14 of the Award and Paragraph 15(b) of the Plan) for such exercise, provided that in connection with a cashless exercise that would not result in the issuance of a whole number of Shares, the Company shall withhold cash that would
otherwise be payable to the Optionee from its regular payroll or the Optionee shall deliver cash or a certified check payable to the order of the Company for the balance of the option price for a whole Share to the extent necessary to avoid the
issuance of a fractional Share or the payment of cash by the Company. 
 6. Manner of Exercise. The Option shall be exercised by
giving written notice of exercise in accordance with the manner prescribed by the Committee. Such notice shall be deemed to have been given when hand-delivered, telecopied or mailed, first class postage prepaid, and shall be irrevocable once given.

 7. Nontransferability of Option. The Option may not be transferred or assigned by the Optionee otherwise than by will or the laws
of descent and distribution or be exercised during his life other than by the Optionee or for his benefit by his attorney-in-fact or guardian. Any attempt at assignment, transfer, pledge or disposition of the Option contrary to the provisions hereof
or the levy of any execution, attachment or similar process upon the Option shall be null and void and without effect. Any exercise of the Option by a person other than the Optionee shall be accompanied by appropriate proofs of the right of such
person to exercise the Option. 
 8. Securities Laws. The Committee may from time to time impose any conditions on the exercise of the
Option as it deems necessary or appropriate to comply with the then-existing requirements of the 1933 Act or the 1934 Act, including Rule 16b-3 (or any similar rule) of the Securities and Exchange Commission. If the listing, registration or
qualification of Shares issuable on the exercise of the Option upon any securities exchange or under any federal or state law, or the consent or approval of any governmental regulatory body is necessary as a condition of or in connection with the
purchase of such Shares, the Sponsor shall not be obligated to issue or deliver the certificates representing the Shares otherwise issuable on the exercise of the Option unless and until such listing, registration, qualification, consent or approval
shall have been effected or obtained. If registration is considered unnecessary by the Sponsor or its counsel, the Sponsor may cause a legend to be placed on such Shares calling attention to the fact that they have been acquired for investment and
have not been registered. 
 9. Issuance of Certificate at Closing. Subject to the provisions of this Paragraph 9, the Closing Date
shall occur as promptly as is feasible after the exercise of the Option. Subject to the provisions of Paragraphs 8 and 10 hereof, a certificate for the Shares issuable on the exercise of the Option shall be delivered to the Optionee or to his
personal representative, heir or legatee at the Closing. 
  

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 10. Rights Prior to Exercise. The Optionee shall not have any right as a stockholder with respect
to any Shares subject to his Options until the Option shall have been exercised in accordance with the terms of the Plan and the Award and the Company shall have delivered the Shares. In the event that the Optionee’s Termination of Employment
with the Company is for Cause, upon a determination by the Committee, the Optionee shall automatically forfeit all Shares otherwise subject to delivery upon exercise of an Option but for which the Sponsor has not yet delivered the Shares.

 11. Status of Option; Interpretation. The Option is intended to be a non-qualified stock option. Accordingly, it is intended that
the transfer of property pursuant to the exercise of the Option be subject to federal income tax in accordance with section 83 of the Code. The Option is not intended to qualify as an incentive stock option within the meaning of section 422 of
the Code. The interpretation and construction of any provision of this Option or the Plan made by the Committee shall be final and conclusive and, insofar as possible, shall be consistent with the intention expressed in this Paragraph 11.

 12. Option Not to Affect Employment. The Option granted hereunder shall not confer upon the Optionee any right to continue in
service as an employee, officer or director of the Sponsor or any subsidiary of the Sponsor. 
 13. Miscellaneous. 
 (a) The address for the Optionee to which notice, demands and other communications to be given or delivered under or by reason of the
provisions hereof shall be the address contained in the Company’s personnel records, or such other address as the Optionee may provide to the Company by written notice. 
 (b) This Award may be executed in one or more counterparts all of which taken together will constitute one and the same instrument.

 (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. 
 (d) The Optionee hereby irrevocably and
unconditionally consents to submit to the exclusive jurisdiction of the courts of the Commonwealth of Pennsylvania and of the United States of America, in each case located in Philadelphia, Pennsylvania, for any actions, suits or proceedings arising
out of or relating to this Award and the transactions contemplated hereby (“Litigation”) and agrees not to commence any Litigation except in any such court, and further agrees that service of process, summons, notice or document by U.S.
registered mail to his respective address shall be effective service of process for any Litigation brought against him in any such court. Each party hereby irrevocably and unconditionally waives any objection to the laying of venue of any Litigation
in the courts of the Commonwealth of Pennsylvania or of the United States of America, in each case located in Philadelphia, Pennsylvania, and hereby further irrevocably and unconditionally waives and agrees not to plead or claim in any such court
that any Litigation brought in any such court has been brought in an inconvenient forum. 
  

 -7- 

 14. Withholding of Taxes. Whenever the Sponsor proposes or is required to deliver or transfer
Shares in connection with the exercise of the Option, the Sponsor shall have the right to (a) withhold Shares subject to the Optionee’s exercise of the Option as provided in Paragraph 5 of the Award and Paragraph 15(b) of the
Plan, (b) require the Optionee to remit to the Sponsor an amount sufficient to satisfy any federal, state and/or local withholding tax requirements prior to the delivery or transfer of any certificate or certificates for such Shares or
(c) take whatever action it deems necessary to protect its interests with respect to tax liabilities. 
 IN WITNESS WHEREOF, the Sponsor
has granted this Award on the day and year first above written. 
  

			
	COMCAST CORPORATION
		
	BY:	 	 
		
	ATTEST:	 	 

  

 -8-

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