Sprint - Nextel 2011 Annual Report Download - page 192

5.2.2 Time of Distribution of Matching Contributions. A Participant's Matching Contribution Account shall be paid upon such
Participant's Separation From Service.
5.2.3 Acceleration of Benefits. Notwithstanding the provisions of Section 5.2.1, the entire Pre-Tax Contribution Account balance o
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a Participant shall be paid in a lump sum on the first Valuation Date following the occurrence of any of the following events:
The entire Account balance of a Participant shall be accelerated and paid in the benefit form selected on the first Valuation Date
following the determination by the Committee that the Participant is Disabled.
5.2.4 Delay for Specified Employees. Notwithstanding the foregoing provisions of this Section 5.2, if a distribution is being made
to a Specified Employee due to such employee’s Separation From Service (including a distribution on Separation from Service within
twelve months of a Change in Control made pursuant to Section 5.2.3(c)), distribution shall be delayed until the earlier to occur of the
Participant's death or the first Valuation Date that is six months and one day following the Participant's Separation From Service (the
“Delay Period”). Upon the expiration of the Delay Period, the payment delayed pursuant to this Section 5.2.4 shall be paid to the
Participant, and any remaining installment payments shall be payable in accordance with Section 5.3.3.
5.3 Form of Distribution.
5.3.1 Pre-Tax Contribution Account. The Participant shall elect in his or her Initial Deferral Election form to have his or her Pre-
Tax Contribution Account distributed either in (a) a series of annual installments payable over at least two (2) but not more than ten
(10) years, or (b) single lump sum payment. No spouse, former spouse, Beneficiary or other person shall have any right to participate
in the Participant's selection of a form of benefit. All payments from such Pre-Tax Contribution Account shall be made in cash an
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shall be subject to the provisions of Section 5.2.3.
5.3.2 Matching Contribution Account. A Participant's Matching Contribution Account shall be distributed in cash in a lump sum
upon Separation From Service unless the Participant has a Termination for Cause.
5.3.3 Installment Amounts. The amount of the annual installments shall be determined by dividing the value of the amount of the
Account as of the Valuation Date
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(b) A specific future month or year, but not earlier than five (5) years from the effective date of such initial deferral election.
(a) The Participant's death; or
(b) The Participant’s Separation From Service if the total account value under the Plan as of such date is less than $20,000.
(c) The Participant's Separation From Service within twelve (12) months after a Change in Control.