Sprint - Nextel 2011 Annual Report Download - page 238

SECTION 4
BENEFIT RESTORATION AMOUNTS
4.1 Computation of Benefit. The monthly amount of benefit restoration payable to a Participant under this Plan, when
expressed in the form of a single life annuity beginning on the Participant's Normal Retirement Date, shall be equal to the excess
of (a) over (b) where:
(a) equals the Participant's monthly retirement income benefit under the Qualified Pension Plan, payable in the
form of a single life annuity beginning on such Participant's Normal Retirement Date, as determined under the terms and
conditions of such plan, except that (i) such determination shall disregard the restrictions on retirement income benefits
under such plan which are imposed in accordance with Sections 415 and 401(a)(17) of the Code and (ii) compensation
for purposes of such determination shall include any Deferred Compensation Plan Deferrals; and
(b) equals such Participant's actual monthly retirement income benefit under such Qualified Pension Plan, payable
in the form of a single life annuity beginning on such Participant's Normal Retirement Date, as determined under the
terms and conditions of such plan, including the restrictions on retirement income benefits under such plan which are
imposed in accordance with sections 415 and 401(a)(17) of the Code and excluding any Deferred Compensation Plan
Deferrals from compensation for purposes of such determination.
4.2 Vesting and Forfeiture for Cause.
A
Participant shall be vested in the benefit restoration payable under the Plan to the
same degree that the Participant is vested in his or her retirement income benefits under the Qualified Pension Plan.
Notwithstanding the foregoing, however, any vested supplemental retirement income benefits or survivor benefits payable unde
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this Plan shall be forfeited, and a Participant, together with any of his or her beneficiaries, shall have no right to such benefits if:
(a) such Participant has engaged in Gross Misconduct, or (b) the Participant, without the consent of the Committee, while
employed by the Company or a Subsidiary or after termination of such employment, becomes associated with, employed by,
renders services to, or owns any interest in (other than any non-substantial interest, as determined by the Committee), any
business that is in competition with the Company or with any business in which the Company
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