Sprint - Nextel 2011 Annual Report Download - page 240

SECTION 5
MID-CAREER PENSION ENHANCEMENT
5.1 Recommendation of Participants for Mid-Career Pension Enhancement. Subject to the approval of the Organization
and Compensation Committee of the Board, the Company’s Chief Executive Officer may recommend Participants who are
Senior Vice President and above to receive a mid-career pension enhancement. Such recommendation shall be delivered, in
writing, to the Committee and shall specify the following: (a) the identity of the Participant selected, (b) the number of additional
years of service (based on the relevant business experience of the Participant with another employer prior to his or he
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employment with the Company or a Subsidiary) with which such Participant will be credited for the purpose of calculating
benefits in accordance with the benefit formula under the Qualified Pension Plan, (c) the service requirements which a
Participant must satisfy to be eligible for such benefits (if different than as described in Section 5.3) and (d) the conditions unde
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which such benefits will be forfeited (if different than as described in Section 5.4).
5.2 Computation of Benefit. The monthly amount of any mid-career pension enhancement benefit 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 Section 4.1 of this Plan and 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 plans, except that such determination under this Section 5.2(a) shall
be made assuming that the Participant had additional years of credited service as specified in the recommendation unde
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Section 5.1; and
(b) equals the sum of (i) such Participant's actual monthly retirement income benefit under Section 4.1 of this Plan
and 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 plans, but without assuming the additional years
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