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Exhibit 10.13


COMCAST CORPORATION
2002 NON-EMPLOYEE DIRECTOR COMPENSATION PLAN
(As Amended and Restated, Effective January 12, 2005)

1.     BACKGROUND AND PURPOSE

        COMCAST CORPORATION, a Pennsylvania corporation, hereby amends and restates the Comcast Corporation 2002 Non-Employee Director Compensation Plan, effective January 12, 2005. The purpose of the Plan is to provide Non-Employee Directors of COMCAST CORPORATION (the "Company") with compensation for services to the Company.

2.     DEFINITIONS

        (a)    "Annual Retainer"    means the amount payable for service as a Non-Employee Director for a calendar year, as a member of the Board, and as a member of one or more Committees as determined under Paragraph 3(a) of the Plan.

        (b)    "Board"    means the Board of Directors of the Company.

        (c)    "Board Meeting"    means a meeting of the Board, whether in person or by telephone.

        (d)    "Committee"    means a duly-constituted committee of the Board.

        (e)    "Committee Meeting"    means a meeting of a Committee, whether in person or by telephone, other than a meeting of a Committee that is convened and held during a Board Meeting.

        (f)    "Company"    means Comcast Corporation, a Pennsylvania corporation, including any successor thereto by merger, consolidation, acquisition of all or substantially all the assets thereof, or otherwise.

        (g)    "Fair Market Value" means:    

        (h)    "Non-Employee Director"    means an individual who is a member of the Board, and who is not an employee of the Company, including an individual who is a member of the Board and who previously was an employee of the Company.

        (i)    "Plan"    means the Comcast Corporation 2003 Non-Employee Director Compensation Plan, as set forth herein, and as amended from time to time.

        (j)    "Plan Year"    means (i) the period from November 18, 2002 through December 31, 2002 and (ii) each calendar year beginning after 2002.


        (k)    "Restricted Stock Plan"    means the Comcast Corporation 2002 Restricted Stock Plan.

        (l)    "Restricted Stock Unit"    means a Restricted Stock Unit granted under the Restricted Stock Plan.

        (m)    "Share"    means a share of Comcast Corporation Class A Common Stock, par value $0.01.

3.     NON-EMPLOYEE DIRECTOR COMPENSATION

        (a)    Non-Employee Director Compensation Package.    Effective as of January 1, 2005, Non-Employee Directors shall be entitled to payments, grants and awards determined as follows:

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Date of Commencement of Service as a Non-Employee Director
  Number of Shares Subject to Grant of Restricted Stock
After November 20 of a Plan Year and before the next following February 20   Shares having a Fair Market Value on the date of grant of $100,000
On or after February 20 of a Plan Year and before the next following May 20   Shares having a Fair Market Value on the date of grant of $75,000
On or after May 20 of a Plan Year and before the next following August 20   Shares having a Fair Market Value on the date of grant of $50,000
On or after August 20 of a Plan Year and before the next following November 20   Shares having a Fair Market Value on the date of grant of $25,000
Date of Commencement of Service as a Non-Employee Director

  Number of Shares Subject to Grant of Non-Qualified Options
After November 20 of a Plan Year and before the next following February 20   7,500
On or after February 20 of a Plan Year and before the next following May 20   5,625
On or after May 20 of a Plan Year and before the next following August 20   3,750
On or after August 20 of a Plan Year and before the next following November 20   1,875

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4.     ADMINISTRATION OF THE PLAN

        The Plan shall be administered by the Board. Subject to the express terms and conditions set forth in the Plan, the Board shall have the power, from time to time, to interpret the Plan's provisions, prescribe, amend and rescind rules and regulations for the Plan, and make all other determinations necessary or advisable for the administration of the Plan. The determination of the Board in all matters as stated above shall be conclusive.

5.     TAXES

        The Company shall withhold the amount of any federal, state, local or other tax, charge or assessment attributable to the grant of any Award or lapse of restrictions under any Award as it may deem necessary or appropriate, in its sole discretion.

6.     AMENDMENT AND TERMINATION

        The Plan may be amended or terminated by the Board at any time. No accrued right to payment as determined under Paragraph 3 shall be affected by any such termination or amendment without the written consent of the affected Non-Employee Director.

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7.     EFFECTIVE DATE

        The effective date of this amendment and restatement of the Plan is January 12, 2005. The original effective date of the Plan is November 18, 2002.

8.     GOVERNING LAW

        The Plan and all determinations made and actions taken pursuant to the Plan shall be governed in accordance with Pennsylvania law.

    COMCAST CORPORATION

 

 

BY:

 



 

 

ATTEST:

 


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SCHEDULE I
COMCAST CORPORATION
NON-EMPLOYEE DIRECTOR COMPENSATION
2005

 
   
Director Annual Retainer   $50,000, subject to election to receive up to half in the form of Comcast Corporation Class A Common Stock
Board Meeting Fee1   $2,500
Audit Committee Annual Retainer—Chair   $20,000
Compensation Committee Annual Retainer—Chair   $10,000
Governance and Directors Nominating Committee Annual Retainer—Chair   $10,000
Other Committee Annual Retainer—Chair   $5,000
Audit Committee Annual Retainer—Member   $10,000
Compensation Committee Annual Retainer—Member   $5,000
Governance and Directors Nominating Committee Annual Retainer—Member   $5,000
Other Committee Annual Retainer—Member   $2,500
Committee Meeting Fee—Audit Committee   $2,500
Committee Meeting Fee—Compensation Committee   $2,500
Committee Meeting Fee—Governance and Directors Nominating Committee   $2,500
Committee Meeting Fee—Other Committee   $1,000
Annual Restricted Stock Grant2   Shares having a Fair Market Value on the date of grant of $100,000

1
Fee will also be paid when a member of the Board is asked to attend a meeting or otherwise to conduct business on behalf of the Company in his/her capacity as Director.

2
Subject to shareholder approval, as described in Paragraphs 3(a)(xi) and 3(a)(xii) of the Plan. If the shareholders decline to approve the amendments to the Restricted Stock Plan at the Annual Meeting of Shareholders of the Company to be held in 2005 to expand eligibility for grants under the 2002 Restricted Stock Plan to include Non-Employee Directors, Non-Employee Directors shall be entitled to an annual grant of non-qualified stock options, as further described in Paragraph 3(a)(xii) of the Plan.

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COMCAST CORPORATION 2002 NON-EMPLOYEE DIRECTOR COMPENSATION PLAN (As Amended and Restated, Effective January 12, 2005)