Sprint - Nextel 2012 Annual Report Download - page 98

Table of Contents
Pension Benefits
None of our named executive officers are offered pension benefits from us.
Nonqualified Deferred Compensation
Certain employees, including our named executive officers, are entitled to participate in the Sprint Nextel Deferred Compensation Plan, a
nonqualified and unfunded plan under which participants may defer to future years the receipt of certain compensation. For 2012, the plan permitted
participants to defer up to 50% of base salary and 75% of their STIC plan payout. To compensate participants for federal tax law limitations under our
401(k) plan, we match deferrals to the plan using the same matching contribution formula as our 401(k) plan for eligible compensation above the
applicable annual limit, which for 2012 was $250,000. Of our named executive officers, only Mr. Hesse participated in this plan with respect to
compensation earned during 2012. The table below summarizes the information with respect to this plan and the activity and balances with respect to
the account of each named executive officer.
_____________________________________
Compensation deferred by participants and any matching contributions made by us are credited to a bookkeeping account that represents
our unsecured obligation to repay the participant in the future. Participants elect to allocate deferred and matching contributions among one or more
hypothetical investment options, which include one option that tracks our common stock and other options that track broad
- based bond and equity
indices. Participants may change hypothetical investment elections only four times a year and at least three months must elapse between each change.
Under the plan, the amount of our unfunded obligation is determined by tracking the value in the bookkeeping account according to the performance
of the hypothetical investments.
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Name
Executive
Contributions in
Last FY ($)(1)
Registrant
Contributions in
Last FY ($)(2)
Aggregate
Earnings in
Last FY ($)
Aggregate
Withdrawals/
Distributions($)
Aggregate
Balance at
Last FYE
($)(3)
Hesse
145,423
131,105
25,520
—
775,833
Euteneuer
—
—
—
—
—
Cowan
—
—
—
—
—
Elfman
—
—
—
—
—
Johnson
—
—
—
—
—
(1)
Includes contributions by Mr. Hesse with respect to (i) 2012 base salary compensation, the amount of which is included in the 2012 Summary Compensation Table
in the “Salary” and "Non-Equity Incentive Plan Compensation" column and (ii) the payout to Mr. Hesse pursuant to the 2012 STIC plan.
(2)
Represents matching contributions by us with respect to 2012 base salary deferrals on STIC plan compensation paid in 2012 but earned in 2011 and will not be
credited to the account of Mr. Hesse until March 29, 2013, the amount of which is included in the 2012 Summary Compensation Table in the “
All Other
Compensation” column.
(3)
Represents the aggregate balance as of December 31, 2012, adjusted to include the matching contribution noted in footnote 2 above.