EXECUTIVE EMPLOYMENT AGREEMENT
This EXECUTIVE EMPLOYMENT AGREEMENT is made as of the ____ day of _________, 2000,
between COMCAST CORPORATION, a Pennsylvania corporation (together with its subsidiaries and affiliates,
collectively referred to as the "Company"), and LAWRENCE S. SMITH, an individual residing in and working
for the Company in Pennsylvania ("Employee").
Employee is currently employed as Executive Vice President of the Company pursuant to an Employment
Agreement dated January 1, 1995, as amended August 16, 1996 (the "Prior Employment Agreement").
Employee has been advised by the Company that Employee may continue to be employed pursuant to the terms
of the Prior Employment Agreement or may elect to be employed on the terms and conditions contained in this
Agreement. Employee has elected to have Employee's relationship with the Company be governed by the terms
and conditions of this Agreement, which include increases in Employee's compensation and other material
changes and benefits favorable to the Employee. In return for such favorable material changes, Employee is
agreeing to the terms and conditions contained in this Agreement which include other material changes favorable
to the Company which impose additional material obligations on Employee. Employee, however, will retain all
stock option, restricted stock and cash bonus plan grants made in connection with the Prior Employment
Agreement or made at any other time prior to the date hereof.
Intending to be legally bound, the Company and Employee agree as follows:
(a) Employee shall serve and the Company shall employ Employee as Executive Vice President of the Company.
The specific duties of Employee are set forth on Schedule 1 attached hereto. The Company reserves the right to
modify the duties and responsibilities of Employee from time to time (other than by making a substantial
(b) Except as otherwise provided in this Agreement, through