Sprint - Nextel 2011 Annual Report Download - page 197

violation of this provision shall be of no force and effect and shall be disregarded by the Committee.
SECTION 7
AMENDMENT AND TERMINATION
7.1 Amendment. By action of the Committee, Sprint Nextel reserves the power to amend the Plan Statement from time to time,
retroactively and/or prospectively, as it deems appropriate. No such amendment of the Plan Statement shall, however, reduce a Participant's
Account earned as of the date of such amendment unless the Participant so affected consents in writing to the amendment.
7.2 Termination. By action of the Human Capital & Compensation Committee, Sprint Nextel reserves the right to terminate the Plan an
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accelerate the payment of Accounts to Participants in accordance with one of the following provisions:
7.2.1 Dissolution or Bankruptcy. At the discretion of Sprint Nextel within twelve (12) months of a corporate dissolution taxe
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under Code Section 331 or with the approval of a bankruptcy court pursuant to 11 U.S.C. §503(b)(1)(A), provided that Accounts are
included in the Participants’ gross incomes in the latest of the following years (or, if earlier, the taxable year in which the amount is
actually or constructively received): (a) the calendar year in which the Plan termination occurs; (b) the first calendar year in which the
amount is no longer subject to a substantial risk of forfeiture; or (c) the first calendar year in which payment is administratively
feasible.
7.2.2 Discretionary Termination. At the discretion of Sprint Nextel, provided that (a) all other arrangements sponsored by Sprint
Nextel that would be aggregated with this arrangement under Code Section 409A are also terminated; (b) no payments, other than
payments that would have been made under this Plan had the termination not occurred, are made from the Plan within twelve (12)
months of the termination; (c) all Accounts are fully distributed within twenty-four (24) months of such termination; (d) Sprint Nextel
does not adopt a new arrangement that would be aggregated under Code Section 409A with this Plan for three (3) years following the
termination of this Plan; and (e) the termination does not occur proximate to a downturn in the financial health of Sprint Nextel.
SECTION 8
DETERMINATIONS - RULES AND REGULATIONS
8.1 Determinations. The Committee shall have the sole discretion to make such determinations as may be required from time to time in the
administration of the Plan. The Committee shall have the sole discretionary authority and responsibility to interpret and construe the Plan
Statement and to determine all factual and legal questions under the Plan, including, but not limited to, the eligibility of an individual to
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articipate in the Plan, the amounts of benefits paid under the Plan, and the administrative reasonability of the Valuation Dates used to
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