Exhibit 10.26
AMENDMENT NO. 2 TO EMPLOYMENT AGREEMENT
This AMENDMENT NO. 2 TO EMPLOYMENT AGREEMENT is entered into on the 25 th day of January, 2006, between
COMCAST CORPORATION, a Pennsylvania corporation (together with its subsidiaries, the “Company”), and DAVID L.
COHEN (“Employee”).
BACKGROUND
The Company and Employee entered into an Employment Agreement on November 7, 2005 (the “Effective Date”), as
amended by Amendment No. 1 to Employment Agreement dated November 11, 2005 (together, the “Agreement”), and desire to
further amend the Agreement as provided herein.
AGREEMENT
Intending to be legally bound hereby, the Company and Employee agree as follows:
1. Subparagraph 7(c)(iv) is deleted in its entirety, as of the Effective Date.
2. A new subparagraph 7(c)(iv) is hereby added to read in its entirety as follows, effective as of the date hereof:
“(iv) Employee’s Restricted Stock Plan grants and stock options shall continue to vest, and Employee’s stock options
shall continue to be exercisable, during the period of time set forth in Items 7 and 8 on Schedule 1 from the date of
termination, as if there had been no termination.”
3. Item 7 of Schedule 1 is deleted in its entirety, as of the Effective Date.
4. A new Item 7 of Schedule 1 is hereby added, to read in its entirety as follows, effective as of the date hereof:
“7. Cash Bonus Program and Restricted Stock Plan Continued Payment/Vesting Period following Discharge Without Cause
or Termination With Good Reason: 12 months.”
5. A new Item 8 of Schedule 1 is hereby added, to read in its entirety as follows, effective as of the date hereof:
“8. Stock Option Plan Grants Continued Vesting/Exerciseability Period following Discharge Without Cause or Termination
With Good Reason: That period of time, no longer than 12 months, which may apply without effecting a modification,
extension or renewal under Internal Revenue Code section 409A (and the rules, regulations or proposed re