Sprint - Nextel 2011 Annual Report Download - page 182

SPRINT NEXTEL CORPORATION DEFERRED COMPENSATION PLAN
SECTION 1
INTRODUCTION
1.1 Statement of Plan. Effective January 1, 2006, Sprint Nextel Corporation (hereinafter sometimes referred to as "Sprint Nextel") create
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this nonqualified, unfunded, elective deferral Plan for the purpose of allowing members of its Board of Directors and a select group of its
management and highly compensated employees to defer the receipt of compensation which would otherwise be paid to them. Effective May
17, 2006, Sprint Nextel amended and restated the Plan to reflect the spin-off of Embarq from Sprint Nextel. Effective December 11, 2008,
Sprint Nextel amended and restated the Plan to comply with the final Treasury regulations issued under Code Section 409A. Effective
February 17, 2011, Sprint Nextel amended the Plan clarifying the timing of valuation of a Plan Participant’s Account for purposes o
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distributions under the Plan. Effective November 17, 2011, Sprint Nextel amended and restated the Plan removing the “excess compensation”
deferral option.
1.2 Definitions. When the following terms are used herein with initial capital letters, they shall have the following meanings:
1.2.1 Account – the separate bookkeeping account(s) representing the unfunded and unsecured general obligation of Sprint Nextel
that are maintained for the purpose of determining each Participant's or Beneficiary's interest in the Plan. To the extent determined by
the Committee, the Committee may establish a separate Pre-Tax Contribution Account and a separate Matching Contribution Account
and such other accounts and subaccounts as it determines from time to time to be advisable. For convenience, and unless the context
otherwise indicates, "Account" shall refer to a Participant's or Beneficiary's entire interest under the Plan.
1.2.2 Annual Valuation Date – each December 31.
1.2.3 Base Salary – an employee's salary inclusive of any amounts contributed on behalf of the Employee to a cafeteria plan or cash
or deferred arrangement or a qualified transportation fringe plan and not includible in income under Code Sections 125, 402(g) or 132
(f) and inclusive of any Pre-Tax Contributions made from Base Salary.
1.2.4 Beneficiary -- a person designated by a Participant (or automatically by operation of this Plan Statement) to receive all or a
part of the Participant's Account in the event of the Participant's death prior to its complete distribution. A person so designated shall
not be considered a Beneficiary until the death of the Participant.
1.2.5 Beneficiary Designation Form -- the form prescribed by the Committee upon which a Participant may designate a
Beneficiary.
1.2.6 Board Member – a member of the Board of Directors of Sprint Nextel.
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