Document:

Form of Restricted Stock Award under Comcast Corp. 2002 Restricted Stock Plan

 Exhibit 10.4 
 FORM OF COMCAST CORPORATION 
 RESTRICTED STOCK UNIT AWARD 
 This is a Restricted Stock Unit Award (the “Award”) dated [Insert Date of Grant] from Comcast Corporation (the “Company”) to the
Grantee. The vesting of Restricted Stock Units is conditioned on the Grantee’s continuation in service from the Date of Grant through each applicable Vesting Date, and on the Company’s attainment of certain performance objectives, as
further provided in this Award. The delivery of Shares under this Award is intended to constitute performance-based compensation, within the meaning of section 162(m) of the Code, and Treasury Regulations issued under section 162(m) of the Code.

 1. Definitions. Capitalized terms used herein are defined below or, if not defined below, have the meanings given to them in the
Plan. 
 (a) “Account” means an unfunded bookkeeping account established pursuant to Paragraph 5(d) and maintained by
the Committee in the name of Grantee (a) to which Deferred Stock Units are deemed credited and (b) to which an amount equal to the Fair Market Value of Deferred Stock Units with respect to which a Diversification Election has been made and
interest thereon are deemed credited, reduced by distributions in accordance with the Plan. 
 (b) “Award” means the award
of Restricted Stock Units hereby granted. 
 (c) “Board” means the Board of Directors of the Company. 
 (d) “Code” means the Internal Revenue Code of 1986, as amended. 
 (e) “Committee” means the Compensation Committee of the Board or its delegate. 
 (f) “Date of Grant” means the date first set forth above, on which the Company awarded the Restricted Stock Units. 
 (g) “Deferred Stock Units” means the number of hypothetical Shares subject to an Election. 
 (h) “Disabled Grantee” means 
 (1) Grantee, if Grantee’s employment by a Participating Company is terminated by reason of Disability; or 
 (2)
Grantee’s duly-appointed legal guardian following Grantee’s termination of employment by reason of Disability, acting on Grantee’s behalf. 
 (i) “Employer” means the Company or the subsidiary or affiliate of the Company for which Grantee is performing services on the Vesting Date. 

 (j) “First Tier Goal” means, for a calendar year beginning in or after [Year 1] and
before [Year 6], Free Cash Flow that is 105 percent of Free Cash Flow for the immediately preceding calendar year. 
 (k) “Free Cash
Flow” means the Company’s “Net Cash Provided by Operating Activities” (as stated in the Company’s Consolidated Statement of Cash Flows) reduced by capital expenditures and cash paid for intangible assets, and adjusted
for any amounts related to certain nonoperating items, net of estimated tax benefits (such as income taxes on investment sales, and nonrecurring payments related to income taxes and litigation contingencies of acquired companies), provided that
adjustments to “Net Cash Provided by Operating Activities” applied to determine “Free Cash Flow” for each year shall be determined consistently with the Company’s reconciliations of “Free Cash Flow” to the
Company’s “Net Cash Provided by Operating Activities” for the Company’s calendar years ending December 31, 2006, December 31, 2007 and December 31, 2008 as reflected on Forms 8-K filed by the Company on
February 1, 2007, February 14, 2008 and February 18, 2009, respectively, such that the “Free Cash Flow” for each year beginning after 2008 and ending before [Year 6] shall be determined on the same basis as for the
Company’s calendar years ending December 31, 2006, December 31, 2007 and December 31, 2008 and that the comparison of “Free Cash Flow” for a year to “Free Cash Flow” for the immediately preceding year is
determined to ensure comparability between amounts in the prior calendar year and the year to which the performance condition applies and without regard to extraordinary items or items unrelated to the Company’s operations. In the event there
is a significant acquisition or disposition of any assets, business division, company or other business operations of the Company that is reasonably expected to have an effect on Free Cash Flow, the Committee shall adjust the 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 Free Cash Flow of the Company would have been affected for the prior calendar year on a pro forma
basis had such an acquisition or disposition occurred on the same date during the prior calendar year. Such adjustment shall be based upon the historical equivalent of Free Cash Flow of the assets so acquired or disposed of for the prior calendar
year, as shown by such records as are available to the Company, as further adjusted to reflect any aspects of the transaction that should be taken into account to ensure comparability between amounts in the prior calendar year and the year to which
the performance condition applies. 
 (l) “Grantee” means the individual to whom this Award has been granted as identified
on the attached Long-Term Incentive Awards Summary Schedule. 
 (m) “Long-Term Incentive Awards Summary Schedule” means the
schedule attached hereto, which sets forth specific information relating to the grant and vesting of this Award. 
 (n) “Normal
Retirement” means Grantee’s termination of employment that is treated by the Participating Company as a retirement under its employment policies and practices as in effect from time to time. 
 (o) “Plan” means the Comcast Corporation 2002 Restricted Stock Plan, incorporated herein by reference. 
  

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 (p) “Restricted Period” means, with respect to each Restricted Stock Unit, the period
beginning on the Date of Grant and ending on the Vesting Date. 
 (q) “Restricted Stock Units” means the total number of
restricted stock units granted to Grantee pursuant to this Award as set forth on the attached Long-Term Incentive Awards Summary Schedule. Each Restricted Stock Unit entitles Grantee, upon the Vesting Date of such Restricted Stock unit, to receive
one Share. 
 (r) “Rule 16b-3” means Rule 16b-3 promulgated under the 1934 Act, as in effect from time to time. 

(s) “Retired Grantee” means Grantee, following Grantee’s termination of employment pursuant to a Normal Retirement. 

(t) “Second Tier Goal” means, for a calendar year beginning in or after [Year 1] and before [Year 6], Free Cash Flow that is 107
percent of Free Cash Flow for the immediately preceding calendar year. 
 (u) “Shares” mean shares of the Company’s
Class A Common Stock, par value $.01 per share. 
 (v) “Vesting Date” means the date(s) on which Grantee vests in all
or a portion of the Restricted Stock Units, as set forth on the attached Long-Term Incentive Awards Summary Schedule. 
 (w) “1934
Act” means the Securities Exchange Act of 1934, as amended. 
 2. Grant of Restricted Stock Units. Subject to the terms and
conditions set forth herein and in the Plan, the Company hereby grants to Grantee the Restricted Stock Units. 
 3. Vesting of Restricted
Stock Units. 
 (a) Subject to the terms and conditions set forth herein and in the Plan, Grantee shall vest in the Restricted Stock
Units on the Vesting Dates set forth on the attached Long-Term Incentive Awards Summary Schedule, and as of each Vesting Date shall be entitled to the delivery of Shares with respect to such Restricted Stock Units; provided, however, that on the
Vesting Date, Grantee is, and has from the Date of Grant continuously been, an employee of the Company or a Subsidiary Company during the Restricted Period, and provided further that the applicable performance conditions as set forth on the attached
Long-Term Incentive Awards Summary Schedule have been satisfied. 
 (b) Notwithstanding Paragraph 3(a) to the contrary, if Grantee
terminates employment with the Company or a Subsidiary Company during the Restricted Period due to his death or due to Grantee becoming a Disabled Grantee within the meaning of Paragraph 1(h)(1), the Vesting Date for the Restricted Stock Units
shall be accelerated so that a Vesting Date will be deemed to occur with respect to the Restricted Stock Units on the date of such termination of employment. 
  

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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 [or With Good Reason (as defined in Grantee’s employment agreement with the Company), or unless Grantee experiences a Discharge Without Cause (as defined in Grantee’s employment
agreement)], Grantee shall forfeit the Restricted Stock Units as of such termination of employment. [If Grantee terminates employment With Good Reason or experiences a Discharge Without Cause, notwithstanding anything herein to the contrary,
Grantee’s Restricted Stock Units will continue to vest in accordance with the attached Long Term Incentive Awards Summary Schedule for a period of [one year] [two years] following 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 

  

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restate all or a portion of its financial statements, the Board, in its sole discretion, may, to the extent permitted by law and to the extent it determines
in its sole judgment that it is in the best interests of the Company to do so, require repayment of Shares delivered pursuant to the vesting of the Restricted Stock Units, or to effect the cancellation of unvested Restricted Stock Units, if
(i) the vesting of the Award was calculated based upon, or contingent on, the achievement of financial or operating results that were the subject of or affected by the restatement, and (ii) the extent of vesting of the Award would have
been less had the financial statements been correct. In addition, to the extent that the receipt of an Award subject to repayment under this Paragraph 8(b) has been deferred pursuant to Paragraph 5 (or any other plan, program or
arrangement that permits the deferral of receipt of an Award), such Award (and any earnings credited with respect thereto) shall be forfeited in lieu of repayment. 
 9. Award Not to Affect Employment. The Award granted hereunder shall not confer upon Grantee any right to continue in the employment of the Company or any subsidiary or affiliate of the Company. 
 10. Miscellaneous. 
 (a) The Award
granted hereunder is subject to the approval of the Plan by the shareholders of the Company to the extent that such approval (i) is required pursuant to the By-Laws of the National Association of Securities Dealers, Inc., and the schedules
thereto, in connection with issuers whose securities are included in the NASDAQ National Market System, or (ii) is required to satisfy the conditions of Rule 16b-3. 
 (b) The address for Grantee to which notice, demands and other communications to be given or delivered under or by reason of the provisions hereof shall be Grantee’s address as reflected in the Company’s
personnel records. 
 (c) The validity, performance, construction and effect of this Award shall be governed by the laws of the Commonwealth
of Pennsylvania, without giving effect to principles of conflicts of law. 
  

			
	COMCAST CORPORATION
		
	BY:	 	  

		
	ATTEST:	 	  

  

 -7-Employment Agreement between Comcast Corp. and Arthur R. Block dated 01/01/2006

 Exhibit 10.5 
 EMPLOYMENT AGREEMENT 
 This EMPLOYMENT
AGREEMENT (the “Agreement”) is entered into as of the 1st day of January, 2006, between COMCAST CORPORATION, a Pennsylvania corporation
(together with its subsidiaries, the “Company”), and ARTHUR R. BLOCK (“Employee”). 
 BACKGROUND 
 Employee desires to have Employee’s employment relationship with the Company be governed by the terms and conditions of this Agreement, which
include material benefits favorable to Employee. In return for such favorable benefits, Employee is agreeing to the terms and conditions contained in this Agreement, which include material obligations on Employee. 
 AGREEMENT 
 Intending to be legally
bound, the Company and Employee agree as follows: 
  

	 	1.	Position and Duties; Company Property. 

 (a)
Employee shall continue to serve and the Company shall continue to employ Employee in the position set forth on Schedule 1. The position and duties of Employee from time to time hereunder will be those assigned by the Company commensurate with
Employee’s education, skills and experience. 
 (b) Employee shall work full-time and devote Employee’s reasonable best efforts to
the business of the Company in a manner which will further the interests of the Company. Without the prior written consent of the Company, Employee shall not, directly or indirectly, work for or on behalf of any person or business, other than the
Company. Nothing herein shall restrict Employee from engaging in non-compensatory civic and charitable activities with the consent of the Company, which consent shall not be unreasonably withheld or delayed. 
 (c) Employee shall comply with all policies of the Company applicable to Employee, including the Employee Handbook and the Code of Ethics and
Business Conduct. 
 (d) The Company shall own, and be entitled to receive all of the results and proceeds of, items produced or created
by Employee (including, without limitation, inventions, patents, copyrights, trademarks, literary material and any other intellectual property) that: (i) relate to the Company’s businesses, if produced or created during the Term (whether
during or after working hours); or (ii) relate to any business, if produced or created during working hours or using the Company’s information, materials or facilities. Employee will, at the request of the Company, execute such instruments
as the Company may from time to time reasonably deem necessary or desirable to evidence, establish, maintain, protect, enforce and defend its title in and right to any such items. 
 2. Term. The term of this Agreement (the “Term”) shall be from the date first-above written (the “Commencement Date”) through
the first to occur of: (i) the date Employee’s employment is terminated in accordance with Paragraph 6; or (ii) December 31, 2009. 

 
Notwithstanding the end of the Term, the Company’s obligation to make any payments expressly set forth herein as to be made after the Term, and the
covenants of Employee contained in Paragraph 9, shall be enforceable after the end of the Term. 
 3. Compensation. 
 (a) Base Salary. Employee’s base salary from the Commencement Date through December 31, 2006 shall be at the annual rate set forth on
Schedule 1 (“Base Salary”). Base Salary, less normal deductions, shall be paid to Employee in accordance with the Company’s payroll practices in effect from time to time. Base Salary shall be increased for each subsequent calendar
year (or portion thereof) in the Term as set forth on Schedule 1. 
 (b) Stock Option/Restricted Stock Grants. 
 (i) As soon as practicable after the date hereof, Employee shall receive a grant of: 
 (A) A non-qualified stock option under a Company Stock Option Plan to purchase the number of shares of the Company’s Class A Common Stock set
forth on Schedule 1. The exercise price of such options shall be the closing price of the Class A Common Stock on the date of grant. Such options shall have a term of ten (10) years and shall vest and become exercisable as set forth on
Schedule 1. 
 (B) Restricted stock units under a Company Restricted Stock Plan for the number of shares of the Company’s Class A
Common Stock set forth on Schedule 1. Such units shall vest as set forth on Schedule 1. 
 (ii) Commencing in 2006, Employee shall be
entitled to participate in any annual (or other) broad-based grant programs under the Company’s Stock Option Plans and/or Restricted Stock Plans (or any successor long-term compensation plans) on the same basis as is applicable to other
employees at Employee’s level, taking into account Employee’s position, duties and performance. 
 (c) Cash Bonuses.

 (i) Employee shall be entitled to participate in the Company’s cash bonus plans as set forth on Schedule 1 through December 31,
2006. Employee’s participation in the plans will be pursuant to the terms and conditions of the plans. The performance standards applicable to such cash bonuses will be the same as those applicable to other employees at Employee’s level,
taking into account Employee’s position and duties. 
 (ii) Employee shall be entitled to continued participation in the
Company’s cash bonus plans (or any successor performance-based incentive compensation plans) with respect to each subsequent calendar year (or portion thereof) in the Term on the same basis as is applicable to other employees at Employee’s
level, taking into account Employee’s 

  

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position and duties, provided that in no event will the aggregate bonus potential thereunder be less than the sum of the two percentages in item 6, Schedule
1 of Base Salary assuming full achievement of performance targets. 
 (d) Withholding. All compensation under this Agreement is
subject to applicable tax withholding requirements. 
 4. Other Benefits. Employee shall be entitled to continue to receive and
participate in the Company’s other employee benefit plans and programs (including group insurance programs, vacation benefits and applicable directors and officers liability insurance and indemnification and advancement of expenses provisions
relating to claims made by third parties against Employee in Employee’s role as an employee, officer or director of the Company), on the same terms (including cost) as are made available to other employees at Employee’s level, in
accordance with the terms of such plans and programs. Nothing in this Agreement shall limit the Company’s right to modify or discontinue any plans or programs at any time, provided no such action may adversely affect any vested rights of
Employee thereunder. The provisions of this Paragraph 4 shall not apply to compensation and benefit plans and programs specifically addressed in this Agreement, in which case the applicable terms of this Agreement shall apply. 
 5. Business Expenses. The Company shall pay or reimburse Employee for reasonable travel, lodging, meals, entertainment and other reasonable
expenses incurred by Employee in connection with the performance of Employee’s duties hereunder, upon receipt of vouchers therefor submitted to the Company on a timely basis and in accordance with the Company’s practices in effect from
time to time. 
 6. Termination. Employee’s employment, and the Company’s obligations under this Agreement (excluding any
obligations the Company may have under Paragraph 7, any other obligations expressly set forth herein as surviving termination of employment, and any obligations with respect to any vested rights of Employee under any benefit plans or programs),
shall or may be terminated, in the circumstances set forth below. 
 (a) Death. Employee’s employment shall terminate
automatically in the event of Employee’s death. 
 (b) Disability. The Company may terminate Employee’s employment in
accordance with the provisions of applicable law, in the event Employee becomes substantially unable to perform Employee’s duties hereunder due to partial or total disability or incapacity resulting from a mental or physical illness, injury or
other health-related cause (“Disability”) for a period of nine (9) consecutive months or for a cumulative period of fifty-two (52) weeks. 
 (c) Discharge With Cause by the Company or Termination by Employee Without Good Reason. 
 (i) The
Company may terminate Employee’s employment as a result of any of the following acts of Employee (“Discharge With Cause”): fraud; misappropriation; 

  

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embezzlement; gross negligence in the performance of duties; self-dealing; dishonesty; misrepresentation; conviction of a felony; material violation of any
Company policy; material violation of the Company’s Code of Ethics and Business Conduct; or material breach of any provision of this Agreement (which, as to the last three items, if capable of being cured, shall remain uncured following thirty
(30) days after written notice thereof). 
 (ii) Employee may terminate Employee’s employment at any time without Good Reason (as
defined in subparagraph (d)(ii) below) (“Without Good Reason”). 
 (d) Discharge Without Cause by the Company or Termination by
Employee With Good Reason. 
 (i) The Company may terminate Employee’s employment at any time other than on account of a Discharge
With Cause (“Discharge Without Cause”). 
 (ii) Employee may terminate this Agreement as a result of any of the following acts of
the Company (“With Good Reason”), provided Employee has provided Company written notice thereof within sixty (60) days of the occurrence thereof: assignment to Employee of any position or duties inconsistent in any material respect
with Employee’s education, skills and experience or any other action by the Company that results in a substantial diminution in Employee’s position or duties; or material breach of any provision of this Agreement (which, as to either such
items, if capable of being cured, shall remain uncured following thirty (30) days after written notice thereof) (“Good Reason”). 
 7. Payments and Other Entitlements As a Result of Termination. Employee’s sole entitlements as a result of a termination under Paragraph 6 shall be as set forth below. 
 (a) Death or Disability. Upon termination due to death or Disability, Employee (or Employee’s estate, as applicable) will be entitled to
payment of Employee’s then-current Base Salary for a period of three (3) months following the date of termination, amounts accrued or payable under any benefit plans and programs (payable at such times as is provided therein), any accrued
but unused vacation time, amounts payable on account of any unreimbursed business expenses, and an amount on account of the current year’s cash bonus program grants (pro-rated through the date of termination, and assuming full achievement of
performance targets). 
 (b) Discharge With Cause by the Company or Termination by Employee Without Good Reason. If Employee is
Discharged With Cause or Employee terminates Without Good Reason, Employee will be entitled only to payment of amounts accrued or payable under any benefit plans and programs (payable at such times as is provided therein), any accrued but unused
vacation time, and amounts payable on account of any unreimbursed business expenses. 
 (c) Discharge Without Cause by the Company or
Termination by Employee With Good Reason. If Employee is Discharged Without Cause or Employee terminates With Good Reason: 
  

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 (i) Employee shall continue to receive: (A) Employee’s then-current Base Salary; and
(B) “health and welfare” benefit plans and programs (to the extent permitted under such plans and programs and at a cost to the Company not in excess of that for an “active” employee; and at the same cost to Employee as is
paid by other employees at Employee’s level); in each case for the period of time set forth on Schedule 1 from the date of termination; in exchange for Employee’s entering into an agreement containing a release by Employee of the Company
with respect to all matters relating to Employee’s employment (other than with respect to those items referred to in the following sentence and rights under this Agreement), and such other terms as Company customarily requires of terminated
employees receiving salary continuation payments. Employee shall also receive amounts accrued or payable under any benefit plans and programs (payable at such times as provided therein), any accrued but unused vacation time, and amounts payable on
account of any unreimbursed business expenses. 
 (ii) Employee shall have no obligation to obtain employment during the period in which
Employee receives salary continuation payments under this subparagraph (c). However, the Company’s obligation to continue “health and welfare” benefit plans and programs shall cease upon Employee’s eligibility for similar
benefits from a subsequent employer. 
 (iii) Employee shall be entitled to receive payment on account of cash bonus program grants payable
through the date of termination and thereafter through the period of time set forth on Schedule 1 from the date of termination, as if there had been no termination (assuming full achievement of performance targets, and prorated for the period from
the beginning of the calendar year following the year in which employment terminated through the end of such period of time). 
 (iv)
Employee’s Restricted Stock Plan grants and stock options shall continue to vest during the period of time set forth on Schedule 1 form the date of termination, as if there had been no termination. 
 (d) “COBRA” Rights. Nothing herein shall constitute a waiver by Employee of “COBRA” rights under federal law in connection
with termination of employment. 
 8. Termination of Employment by Employee Following the Term. If Employee terminates employment
(other than With Good Reason) at any time following December 31, 2009 then either: (a) if the Company so elects by written notice to Employee given within ten (10) days of such termination: (i) the provisions of subparagraph 9(b)
shall apply to Employee; and (ii) the Company shall pay to Employee, for the one-year period specified in such subparagraph, Employee’s cash and bonus compensation (in the case of bonus compensation, assuming full achievement of
performance targets, and based on Employee’s then existing participation levels), as if there had been no termination; or (b) if the Company does not so elect, the provisions of subparagraph 9(b) shall not apply to Employee. 
  

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 9. Non-Solicitation; Non-Competition; Confidentiality. 
 (a) While employed by the Company (whether during the Term or thereafter), and for a period of one year after termination of Employee’s employment
for any reason (whether during the Term or thereafter), Employee 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 terminate the employment or other relationship with the Company. 
 (b) (i) WHILE EMPLOYED BY THE COMPANY
(WHETHER DURING THE TERM OR THEREAFTER), AND FOR A PERIOD OF ONE YEAR AFTER TERMINATION OF EMPLOYEE’S EMPLOYMENT (DURING THE TERM OR THEREAFTER, BUT N THE CIRCUMSTANCES SET FORTH IN SUBPARAGRAPH 8(d)(a)(i), SUBJECT TO THE COMPANY’S PAYMENT
OBLIGATIONS SET FORTH IN SUBPARAGRAPH 8(d)(a)(ii)), FOR ANY REASON OTHER THAN DISCHARGE WITHOUT CAUSE OR TERMINATION BY EMPLOYEE WITH GOOD REASON, OR THE CIRCUMSTANCES SET FORTH IN SUBPARAGRAPH 8(b), EMPLOYEE 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 A COMPETITIVE BUSINESS. A “COMPETITIVE BUSINESS” SHALL BE
DEFINED AS A BUSINESS (WHETHER CONDUCTED BY AN ENTITY OR INDIVIDUAL, INCLUDING EMPLOYEE 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 BEING PLANNED BY THE COMPANY WITH EMPLOYEE’S KNOWLEDGE AT THE TIME OF EMPLOYEE’S TERMINATION OF EMPLOYMENT. 
 (ii) TO APPROPRIATELY TAKE ACCOUNT OF THE HIGHLY COMPETITIVE ENVIRONMENT IN THE COMPANY’S BUSINESSES, THE PARTIES AGREE THAT ANY BUSINESS
ENGAGED IN ANY OF THE ACTIVITIES SET FORTH ON SCHEDULE 2 SHALL BE DEEMED TO BE A “COMPETITIVE BUSINESS” UNDER SUBPARAGRAPH (i) ABOVE. 
 (iii) THIS RESTRICTION SHALL APPLY IN ANY GEOGRAPHIC AREA OF THE UNITED STATES IN WHICH THE COMPANY CARRIES OUT BUSINESS ACTIVITIES. EMPLOYEE AGREES THAT THE LACK OF A MORE SPECIFIC GEOGRAPHIC LIMITATION HEREIN IS
REASONABLE IN LIGHT OF THE BROAD GEOGRAPHIC SCOPE OF THE ACTIVITIES CARRIED OUT BY THE COMPANY IN THE UNITED STATES. 
 (iv) Nothing herein
shall prevent Employee 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. Further, if Employee is an attorney, Employee may

  

 6 

 
engage in the practice of law in accordance with the canons of ethics of the state or states in which Employee is authorized or may be authorized to practice
law. 
 (c) During the Term and at all times thereafter, Employee shall not, directly or indirectly, use for Employee’s personal
benefit, or disclose to or use for the direct or indirect benefit of anyone other than the Company (except as may be required within the scope of Employee’s duties hereunder), any secret, confidential or non-public information, knowledge or
data of the Company or any of its subsidiaries, affiliates, employees, officers, directors or agents, which Employee acquires in the course of Employee’s employment, and which is not otherwise lawfully known by the general public. This
information includes, but is not limited to: sales, marketing and other business methods; policies, plans, procedures, strategies and techniques; research and development projects and results; software and firmware; trade secrets, know-how,
processes and other intellectual property; information on or relating to past, present or prospective employees or suppliers; and information on or relating to past, present or prospective customers, including customer lists. Employee confirms that
such information is the exclusive property of the Company, and agrees that, immediately upon Employee’s termination of employment for any reason (whether during or after the Term), Employee shall deliver to the Company all correspondence,
documents, books, records, lists and other materials containing such information that are within Employee’s possession or control, regardless of the medium in which such materials are maintained; and Employee shall retain no copies thereof in
any medium. As part of this restriction, Employee agrees neither to prepare, participate in or assist in the preparation of any article, book, speech or other writing or communication relating to the business, operations, personnel or prospects of
the Company, its subsidiaries and affiliates, nor to encourage or assist others to do any of the foregoing, without the prior written consent of the Company (which may be withheld in the Company’s sole discretion). Nothing herein shall prevent
Employee from complying with a valid subpoena or other legal requirement for disclosure of information; provided that Employee shall use good faith efforts to notify the Company promptly and in advance of disclosure if Employee believes Employee is
under a legal requirement to disclose information otherwise protected from disclosure under this subparagraph. 
 (d) Employee acknowledges
that the restrictions contained in this Paragraph 9, in light of the nature of the business in which the Company is engaged and Employee’s position with the Company, are reasonable and necessary to protect the legitimate interests of the
Company, and that any violation of these restrictions would result in irreparable injury to the Company. Employee therefore agrees that, in the event of Employee’s violation or threatened violation of any of these restrictions, the Company
shall be entitled to seek from any court of competent jurisdiction: (i) preliminary and permanent injunctive relief against Employee; (ii) damages from Employee (including the Company’s reasonable legal fees and other costs and
expenses); and (iii) an equitable accounting of all compensation, commissions, earnings, profits and other benefits to Employee arising from such violation; all of which rights shall be cumulative and in addition to any other rights and
remedies to which the Company may be entitled as set forth herein or as a matter of law. 
  

 7 

 (e) Employee agrees that if any portion of the restrictions contained in this Paragraph 9, or the
application thereof, is construed to be invalid or unenforceable, the remainder of such restrictions or the application thereof shall not be affected and the remaining restrictions will have full force and effect without regard to the invalid or
unenforceable portions. If any restriction is held to be unenforceable because of the area covered, the duration thereof or the scope thereof, Employee agrees that the court making such determination shall have the power to reduce the area and/or
the duration, and/or limit the scope thereof, and the restriction shall then be enforceable in its reduced form. 
 (f) If Employee violates
any such restrictions, the period of such violation (from the commencement of any such violation until such time as such violation shall be cured by Employee) shall not count toward or be included in any applicable restrictive period. 
 10. Representations. 
 (a) Employee
represents that: 
 (i) Employee has had the opportunity to retain and consult with legal counsel and tax advisors of Employee’s choice
regarding the terms of this Agreement. 
 (ii) Subject to equitable principles, this Agreement is enforceable against Employee in accordance
with its terms. 
 (iii) This Agreement does not conflict with, violate or give rise to any rights of third parties under, any
agreement, benefit plan or program, order, decree or judgment to which Employee is a party or by which Employee is bound. 
 (b) The
Company represents that: 
 (i) Subject to equitable principles, this Agreement is enforceable against the Company in accordance with
its terms. 
 (ii) This Agreement does not conflict with, violate or give rise to any rights to third parties under, any agreement,
order, decree or judgment to which the Company is a party or by which it is bound. 
 11. Successors. 
 (a) If the Company merges with, or transfers all or substantially all of its assets to, or as part of a reorganization, restructuring or other transaction
becomes a subsidiary of, another entity, such other entity shall be deemed to be the successor to the Company hereunder, and the term “Company” as used herein shall mean such other entity as is appropriate, and this Agreement shall
continue in full force and effect. 
  

 8 

 (b) If the Company transfers part of its assets to another entity owned by the shareholders of the
Company (or any substantial portion of them), or distributes stock or other interests in a subsidiary or affiliate of the Company to the shareholders of the Company (or any substantial portion of them), and Employee works for the portion of the
Company or the entity so transferred, then such other entity shall be deemed the successor to the Company hereunder, the term “Company” as used herein shall mean such other entity, and this Agreement shall continue in full force and
effect. 
 12. Jurisdiction; Governing Law. Litigation concerning this Agreement, if initiated by or on behalf of Employee, shall be
brought only in a state court in Philadelphia County, Pennsylvania or federal court in the Eastern District of Pennsylvania, or, if initiated by the Company, in either such jurisdiction or in a jurisdiction in which Employee then resides or works.
Employee consents to jurisdiction in any such jurisdiction, regardless of the location of Employee’s residence or place of business. Employee and the Company irrevocably waive any objection, including any objection to the laying of venue or
based on the grounds of forum non conveniens, which Employee or the Company may now or hereafter have to the bringing of any action or proceeding in any such jurisdiction. Employee and the Company acknowledge and agree that any service of legal
process by mail constitutes proper legal service of process under applicable law in any such action or proceeding. This Agreement shall be interpreted and enforced in accordance with the substantive law of the Commonwealth of Pennsylvania, without
regard to any choice-of-law doctrines. In any litigation concerning this Agreement, the prevailing party shall be entitled to reimbursement from the other party for all costs of defending or maintaining such action, including reasonable
attorneys’ fees. 
 13. Notices. All notices referred to in this Agreement shall be given in writing and shall be effective:
(a) if given by fax, when transmitted to the number below (with an appropriate confirmation received); or (b) if given by registered or certified mail, when received at the address below (with an appropriate receipt received): 

if to the Company: 
 c/o Comcast
Corporation 
 1500 Market Street 
 Philadelphia, PA 19102 
 Attention: General Counsel 
 Fax: (215) 981-7794; and 
 if to Employee: 
 Employee’s address and fax number as indicated in the Company’s records. 
 14. Entire Agreement. This Agreement (including Schedules 1 and 2 hereto) constitutes the entire agreement of the parties with respect to the
subject matter hereof. In the event of any conflict between the terms of this Agreement and the terms of any plans or policies of the Company (including the Employee Handbook), the terms of this Agreement shall control. 
  

 9 

 15. Invalidity or Unenforceability. If any term or provision of this Agreement is held to be
invalid or unenforceable for any reason, such invalidity or enforceability shall not affect any other term or provision hereof and this Agreement shall continue in full force and effect as if such invalid or unenforceable term or provision (to the
extent of the invalidity or unenforceability) had not been contained herein. 
 16. Amendments and Waivers. No amendment or waiver of
this Agreement or any provision hereof shall be binding upon the party against whom enforcement of such amendment or waiver is sought unless it is made in writing and signed by or on behalf of such party. The waiver by either party of a breach of
any provision of this Agreement by the other party shall not operate and be construed as a waiver or a continuing waiver by that party of the same or any subsequent breach of any provision of this Agreement by the other party. 
 17. Binding Effect; No Assignment. This Agreement shall be binding on and inure to the benefit of the parties hereto and their respective heirs,
executors, administrators, successors and assigns, except that (other to effect the provisions of Paragraph 11) it may not be assigned by either party without the other party’s consent. 
  

 10 

 IN WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement as of the date
first-above written. 
  

			
	COMCAST CORPORATION
		
	By:	 	 /s/ David L. Cohen

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

	Arthur R. Block

  

 11 

 SCHEDULE 1 TO EMPLOYMENT AGREEMENT WITH ARTHUR R. BLOCK 
  

	1.	Position:              Senior Vice President, Secretary and General Counsel Corporate Division

  

	2.	Base Salary:        $700,000 

  

	3.	Base Salary Increases: The greater of (i) 5% or (ii) the percentage increase during the previous year in the Consumer Price Index for all urban consumers published by the
U.S. Department of Labor or (if such index is discontinued) the nearest equivalent index, up to a maximum of 10%. 

  

	4.	Stock Option Amount and Vesting Schedule: 45,500 shares; vesting: as to 22,750 shares, 40% on the second anniversary of the date of grant, and 20% on each of the third to fifth
anniversaries of the date of grant; and as to 22,750 shares, 20% on the second anniversary of the date of grant, 10% on each of the third to the ninth anniversaries of the date of grant, and 10% on the nine year and six month anniversary of the date
of grant. 

  

	5.	Restricted Stock Amount and Vesting Schedule: 17,500 units; vesting: 15% on the thirteen-month anniversary of the date of grant, 15% on each of the second to fourth anniversaries of
the date of grant, and 40% on the fifth anniversary of the date of grant. 

  

	6.	Cash Bonuses. Bonus potential under Management Achievement Plan: 50% of Base Salary. Bonus potential under Supplemental Cash Bonus Plan: 50% of Base Salary.

  

	7.	Base Salary Continuation Period following Discharge Without Cause or Termination With Good Reason: 24 months. 

  

	8.	Cash Bonus Programs, Restricted Stock Plan and Stock Option Plan Grants Continued Payment/Vesting Period following Discharge Without Cause or Termination With Good Reason: 12
months. 

  

 12 

 SCHEDULE 2 
 COMPETITIVE BUSINESS ACTIVITIES 
  

	A.	The distribution of video programming to residential or commercial subscribers, whether by analog or digital technology, to any type of end-user equipment (television, computer or
other), and by any distribution method (including coaxial cable, fiber optic cable, digital subscriber line, power line, satellite and wireless) or protocol (IP or other). Employee agrees that the following companies (or their parents, subsidiaries
or controlled affiliates), and their successors and assigns, are among those engaged in competitive video programming distribution as of the date hereof: Adelphia Communications Corporation; Bell South Corporation; Cablevision Systems Corp.; Charter
Communications, Inc.; Cox Communications, Inc.; DirecTV, Inc.; Echostar Communications Corporation; Knology Holdings, Inc.; Qwest Communications International, Inc.; RCN Corporation; SBC Communications, Inc.; Time Warner Cable, Inc.; Verizon
Communications, Inc.; and Wide Open West. 

  

	B.	The provision of voice and/or data service to residential or commercial subscribers, whether by analog or digital technology, by any distribution method (including coaxial cable,
fiber optic cable, digital subscriber line, power line, satellite and wireless) or protocol (IP or other). Employee agrees that the following companies (or their parents, subsidiaries or controlled affiliates), and their successors and assigns, are
among those engaged in competitive voice and/or data transport service as of the date hereof: Adelphia Communications Corporation; AT&T Corp.; Bell South Corporation; Cablevision Systems Corp.; Charter Communications, Inc.; Cox Communications,
Inc.; DirecTV, Inc.; Echostar Communications Corporation; Knology Holdings, Inc.; Qwest Communications International, Inc.; RCN Corporation; SBC Communications, Inc.; Sprint Corporation; MCI, Inc.; Time Warner Inc.; Verizon Communications, Inc.; and
Wide Open West. 

  

	C.	The provision of Internet access or portal service to residential or commercial subscribers, whether by analog or digital technology, to any type of end-user equipment (television,
computer or other), and by any distribution method (including dial-up, coaxial cable, fiber optic cable, digital subscriber line, power line, satellite and wireless) or protocol (IP or other). Employee agrees that the following companies (or their
parents, subsidiaries or controlled affiliates), and their successors and assigns, are among those engaged in competitive high-speed Internet access and/or portal service as of the date hereof: Adelphia Communications Corporation, AT&T Corp.;
Bell South Corporation; Cablevision Systems Corp.; Charter Communications Inc.; Cox Communications, Inc.; DirecTV, Inc.; Echostar Communications Corporation; Google, Inc.; Knology Holdings, Inc.; MCI, Inc.; Microsoft Corporation (including MSN);
Qwest Communications International, Inc.; RCN Corporation; SBC Communications, Inc.; Sprint Corporation; Time Warner Inc. (including AOL); Verizon Communications, Inc.; and Yahoo, Inc. 

  

 13 

	D.	The provision of wireless communications services to residential or commercial subscribers, whether by analog or digital technology, to any type of end-user equipment (television,
computer, phone, personal digital assistant or other) and by any technology or protocol (IP or other). Employee agrees that the following companies (or their parents, subsidiaries or controlled affiliates), and their successor and assigns, are among
those engaged in the provision of competitive wireless service as of the date hereof: Cingular Wireless LLC, Sprint Corporation; T-Mobile USA, Inc.; and Verizon Communications, Inc. 

  

	E.	The (i) creation, (ii) production or (iii) sale, license or other provision, of audio and/or video program content, whether for use by program content providers,
broadcast, satellite or other program networks, distributors of program content, or providers of high-speed Internet portal or other Internet-based services or websites. Employee agrees that the following companies (or their parents, subsidiaries or
controlled affiliates), and their successors and assigns, are among those engaged in the competitive creation, production or provision of audio and/or video program content as of the date hereof: A&E Television Networks; Cablevision Systems
Corp. (including Rainbow); Discovery Communications, Inc.; Dreamworks; EW Scripps Co.; General Electric Co. (including NBC-Universal); IAC/Interactive Corp.; Liberty Media Corp.; Metro-Goldwyn-Mayer Inc.; News Corp. (including Fox); Sony Corporation
of America; The Walt Disney Company, Inc. (including ABC); Time Warner Inc. (including AOL, Turner and Warner Bros.); and Viacom Inc. (including CBS and Paramount). 

  

 14

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