Sprint - Nextel 2011 Annual Report Download - page 180

Table of Contents
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1.2.40 Subsequent Deferral Election Form 5
1.2.41 Valuation Date 5
1.3 Rules of Interpretation 5
1.4 Legal Construction 6
SECTION 2 PARTICIPATION 6
2.1 Participation 6
2.2 Initial Deferral Election 7
2.2.1 Pre-Tax Contribution Election 7
2.2.2 Distribution Election 7
2.3 Specific Exclusions 7
2.4 Suspension of Pre-Tax Contributions 7
SECTION 3 ADJUSTMENT OF ACCOUNTS 7
3.1 Credits to Accounts 7
3.1.1 Pre-Tax Contributions 7
3.1.2 Matching Contributions 7
3.2 Adjustments of Account 8
3.2.1 Initial Election of Investment Funds 8
3.2.2 Changes to Investment Fund Elections 8
3.2.3 Proportionate Allocation 8
3.2.4 Investment Funds 8
3.2.5 Embarq Share Units 8
3.2.6 Debits and Credits to Accounts 9
3.3 No Actual Investment 9
3.4 FICA and Other Taxes 10
SECTION
4 VESTING OF ACCOUNT 10
SECTION
5 DISTRIBUTION 10
5.1 General Valuation Date 10
5.2 General Distribution Date 10
5.2.1 Time of Distribution of Pre-Tax Contributions 10
5.2.2 Time of Distribution of Matching Contributions 11
5.2.3 Acceleration of Benefits 11
5.2.4 Delay for Specified Employees 11
5.3 Form of Distribution 11
5.3.1 Pre-Tax Contribution Account. 11
5.3.2 Matching Contribution Account 11
5.3.3 Installment Amounts 11
5.3.4 Delay for Taxes 12
5.4 Subsequent Changes in Time and Form of Payment 12
5.5 Designation of Beneficiaries 12
5.5.1 Right to Designate 13
5.5.2 Failure of Designation 13
5.5.3 Disclaimers by Beneficiaries 13