Sprint - Nextel 2011 Annual Report Download - page 191

3.4 FICA and Other Taxes. For each Plan Year in which credits are made for or on behalf of a Participant, Sprint Nextel, or its applicable
subsidiaries, shall withhold from that portion of the Participant's Base Salary or incentive that is not being deferred, in a manner determine
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y the Committee, the Participant's share of FICA and other employment taxes. If Base Salary or incentive compensation that is not being
deferred is insufficient for this purpose, the Committee may reduce any Pre-Tax Contribution of the Participant in order to withhold the
Participant's share of FICA and other employment taxes.
SECTION 4
VESTING OF ACCOUNT
4.1 Vesting of Pre-Tax Contribution Accounts. The Pre-Tax Contribution Accounts of Participants shall be fully (100%) vested an
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nonforfeitable at all times.
4.2 Vesting of Matching Contribution Accounts. The Matching Contribution Account of a Participant shall be forfeited if the Participant
has a Termination for Cause. "Termination for Cause" shall mean, in the case of an employee, an involuntary termination of employment
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ecause (i) the employee has materially breached Sprint Nextel's Code of Conduct, or the code of conduct of the employer; (ii) the employee
has materially breached the Sprint Nextel Employee Agreement Regarding Property Rights and Business Practices (as it may be amended an
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renamed from time to time); (iii) the employee has engaged in acts or omissions constituting dishonesty, intentional breach of a fiduciary
obligation, or intentional acts of wrongdoing or misfeasance; or (iv) the employee has acted intentionally and in bad faith in a manner that
results in a material detriment to the assets, business, or prospects of the employer.
SECTION 5
DISTRIBUTION
5.1 General Valuation Date. A Participant's Account shall be valued on the last business day of the month of the event giving rise to the
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ayment, which month shall be, for the purposes of an event that is a specific future year (i.e., without a designated month in such year),
January of such year.
5.2 General Distribution Date. A Participant's Account shall be paid (or commence to be paid, as applicable) within forty-five (45) days o
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the first Valuation Date on or following the event giving rise to the payment, which Valuation Date shall be, for the purposes of an event that
is a specific future year, that Valuation Date in January of such year.
5.2.1 Time of Distribution of Pre-Tax Contributions. A Participant must, with respect to each separate initial deferral election
made pursuant to Section 2.2 above, elect to commence payment of such Pre-Tax Contribution (together with gains and losses
thereon) in accordance with Section 5.3.1 on either of the following dates:
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(a) Such Participant's Separation From Service; or