Sprint - Nextel 2011 Annual Report Download - page 224

ARTICLE SIX
MISCELLANEOUS
Each Company intends this Plan to constitute a legally enforceable obligation between (A) such Company and (B) each Participant.
It is also intended that the Plan shall confer vested and non-forfeitable rights for each Participant to receive benefits to which the
Participant is entitled under the terms of the Plan with Participants being third party beneficiaries.
Except as provided in the definitions of Cause and Good Reason, nothing in this Plan shall be construed to confer on any Participant
any right to continue in the employ of any Company or a Subsidiary or affiliate of the Corporation or to affect in any way the right o
f
the Corporation or a Subsidiary or affiliate of the Corporation to terminate a Participant’s employment without prior notice at any time
for any reason or no reason.
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6.01 Participant Rights
6.02 Authority of the Compensation Committee
(a) The Compensation Committee will administer the Plan and have the full authority and discretion necessary to accomplish that
p
urpose, including, without limitation, the authority and discretion to:
(i) resolve all questions relating to the eligibility of Participants;
(ii) determine the amount of benefits, if any, payable to Participants under the Plan and determine the time and manner in
which such benefits are to be paid;
(iii) engage any administrative, legal, tax, actuarial, accounting, clerical, or other services it deems appropriate in
administering the Plan;
(iv) construe and interpret the Plan, supply omissions from, correct deficiencies in and resolve inconsistencies o
r
ambiguities in the language of the Plan, resolve inconsistencies or ambiguities between the provisions of this document,
and adopt rules for the administration of the Plan which are not inconsistent with the terms of the Plan document;
(v) compile and maintain all records it determines to be necessary, appropriate or convenient in connection with the
administration of the Plan; and
(vi) resolve all questions of fact relating to any matter for which it has administrative responsibility.
(b) The Compensation Committee shall perform all of the duties and may exercise all of the powers and discretion that the
Compensation Committee deems necessary or