Sprint - Nextel 2011 Annual Report Download - page 194

5.5.1 Right to Designate. Each Participant may designate, upon a Beneficiary Designation Form furnished by and filed with the
Committee, one or more primary Beneficiaries or alternative Beneficiaries to receive all or a specified part of such Participant's
Account in the event of such Participant's death. The Participant may change or revoke any such designation from time to time without
notice to or consent from any Beneficiary. No such designation, change or revocation shall be effective unless executed by the
Participant and received by the Committee during the Participant's lifetime.
5.5.2 Failure of Designation. If a Participant:
Participant's surviving spouse
Participant's surviving issue per stirpes and not per capita
Representative of Participant's estate.
5.5.3 Disclaimers by Beneficiaries. A Beneficiary entitled to a distribution of all or a portion of a deceased Participant's Account
may disclaim an interest therein subject to the following requirements. To be eligible to disclaim, a Beneficiary must be a natural
person, must not have received a distribution of all or any portion of the Account at the time such disclaimer is executed and delivered,
and must have attained at least age twenty-one (21) years as of the date of the Participant's death. Any disclaimer must be in writing
and must be executed personally by the Beneficiary before a notary public. A disclaimer shall state that the Beneficiary's entire
interest in the undistributed Account is disclaimed or shall specify what portion thereof is disclaimed. To be effective, duplicate
original executed copies of the disclaimer must be both executed and actually delivered to the Committee after the date of the
Participant's death but not later than one hundred eighty (180) days after the date of the Participant's death. A disclaimer shall be
irrevocable when delivered to the Committee. A disclaimer shall be considered to be delivered to the Committee only when actually
received by the Committee. The Committee shall be the sole judge of the content, interpretation and validity of a purported disclaimer.
Upon the filing of a valid disclaimer, the Beneficiary shall be considered not to have survived the Participant as to the interest
disclaimed. A disclaimer by a Beneficiary shall not be considered to be a transfer of an interest in violation of the provisions o
f
Section 6. The Committee shall recognize no other form of attempted disclaimer.
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(a) fails to designate a Beneficiary,
(b) designates a Beneficiary and thereafter revokes such designation without naming another Beneficiary, o
r
(c) designates one or more Beneficiaries and such Beneficiaries so designated fail to survive the Participant, such Participant's
Account, or the part thereof as to which such Participant's designation fails, as the case may be, shall be payable to the first
class of the following classes of automatic Beneficiaries with a member surviving the Participant and (except in the case o
f
surviving issue) in equal shares if there is more than one member in such class surviving the Participant: