Sprint - Nextel 2011 Annual Report Download - page 241

of credited service as specified in the recommendation under Section 5.1 and (ii) the actuarial equivalent amount,
expressed as a single life annuity beginning on such Participant’s Normal Retirement Date, received by such Participant
from any pension plans of his or her previous employers, if any, whether qualified under Section 401 of the Code or not.
5.3 Service Requirements. Unless provided otherwise in the recommendation, the number of additional years of service
specified in the recommendation shall be credited to a Participant at the rate of one additional year of service for each completed
year of service with the Company or one of its Subsidiaries.
5.4 Forfeiture. Unless provided otherwise in the recommendation, mid-career pension enhancement benefits shall be
forfeited, and a Participant, together with any of his or her beneficiaries, shall have no right to such benefits if:
(a) the Participant has engaged in Gross Misconduct;
(b) the Participant, without the consent of the Committee, while employed by the Company or a Subsidiary or afte
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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 has a substantial interest as determined by the Committee (such
restriction from competition after termination of employment shall not apply to a Participant in the event he or she has an
Involuntary Termination without Cause); or
(c) the Participant terminates employment with the Company and all of its Subsidiaries prior to age 60, unless the
Participant terminates such employment for reasons of (i) death, (ii) total and permanent disability, or (iii) Involuntary
Termination without Cause.
5.5 Applicability. The provisions of Section 5 are only effective for a Participant who has been granted a mid-caree
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pension enhancement pursuant to Section 5 before April 19, 2005.
The provisions of Section 5 are not applicable to a Participant entering the Plan on or after April 19, 2005, or any Participant who
has not been granted a mid-career pension enhancement pursuant to Section 5 before April 19, 2005.
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