Exhibit 10-e(i)
PLAN AMENDMENTS
SBC SENIOR MANAGEMENT DEFERRED COMPENSATION PLAN
SBC MANAGEMENT DEFERRED COMPENSATION PLAN
(8 - Year Units)
Section 9.14, reading as follows, is hereby added to each Plan:
9.14 Termination Under EPR. Notwithstanding any other provisions of the Plan, if a Participant's
employment terminates before the Participant attains age fifty-five, and if such termination is as an
EPR Terminee under the Enhanced Pension and Retirement Program ("EPR") of the SBC Pension Benefit
Plan-Nonbargained Program ("SBC PBP") or as a Deceased Electing Employee under EPR and is on or after
the date Participant is within five years of being pension eligible, i.e., would be within five years
of being eligible to retire with a service pension under the rules for service pension eligibility as
in effect under the SBC PBP, and/or is a Senior Manager within five years of being eligible to retire
with an immediate pension based on the eligibility rules of the SBC Supplemental Retirement Income
Plan, whether or not actually a participant in either such plan, or a Participant who is age 55 or
over terminates employment under EPR, then the provisions of this Section 9.14 shall govern and
control with respect to the distribution of the Plan's benefits if the benefits offered by this
Section 9.14 are elected. In such case, the Participant, or the Participant's Beneficiary(ies) if the
Participant's employment terminates by reason of the Participant's death, may irrevocably elect in
writing, in an EPR special election form accompanied by a Waiver Agreement, as described below, filed
with the Company, to waive the Termination Benefit or the Pre-Retirement Survivor Benefit or the Early
Retirement Benefit, as applicable, with respect to any or all Units of Participation, and in lieu of
said Benefit for any such Unit, receive an "EPR Alternative Termination Benefit."
Such an EPR Alternative Termination Benefit for a Unit shall be the Unit as described in the
Participant's Agreement, provided in accordance with and governed in all respects by the terms of the
Plan and said Agreement, except that the Plan and Agreement shall be applied with respect to such
Unit, in accordance with Participant's special EPR election form applicable to such Unit, as if the
Participant had remained in employment and retired upon the Participant's Early Retirement Date
specified in his EPR special election form applicable to such Unit of Participation, regardless of
Participant's actual termination date. For purposes of applying the Plan and the Agreement, Normal
Retirement shall be the Participant's sixty-fifth birthday and Early Retirement shall be the date
specified by the Participant as Participant's Early Retirement date, which date shall be specified at
the time the Waiver Agreement, as described below, is filed with the Company, and which date may be no
earlier than Participant's fifty-fifth birthday. In the event of Participant's death prior to age
fifty-five, the EPR Alternative Termination Benefit for a Unit, whether such Benefit was elected by
the Participant or Participant's Beneficiary(ies), shall be determined, as described below, by
applying the Plan and Agreement with respect to such Unit as if the Participant had died upon or after
reaching age fifty-five.
Accordingly, notwithstanding any other provisions of the Plan, for purposes of application of this
Section 9.14, in the event a Participant elects an EPR Alternative Termination Benefit in lieu of the
Termination Benefit or the Early Retirement Benefit for a Unit, or a Beneficiary(ies) elects to
receive an EPR Alternative Termination Benefit in lieu of a Pre-Retirement Survivor Benefit for a
Unit, as applicable, survivor benefits for such Unit shall be determined as follows: (a) If
Participant dies on or after the date specified by Participant as Participant's Early Retirement date,
Participant's Beneficiary(ies) shall receive the remaining installments of Participant's retirement
benefit; or (b) If Participant dies on or after age fifty-five but prior to the date specified by
Participant as Participant's Early Retirement date, Participant's Beneficiary(ies) will receive
survivor benefits in accordance with the next to the last paragraph in Section 6.2, i.e., the
provision of the Plan that would have applied had Participant's death actually been an in service
death which occurred upon or after attainment of age fifty-five; or (c) If Participant's death occurs
prior to age fifty-five, Participant's Beneficiary(ies) will receive at such time as Participant would
have attained age fifty-five, survivor benefits in accordance with the next to the last paragraph in
Section 6.2, i.e., the provision of the Plan that would have applied had Participant's death actually
been an in service death which occurred upon attainment of age fifty-five; and (d) Finally, the
benefit described in Section 6.6 shall apply commencing on the later of the sixteenth year after
commencement of payments pursuant to the EPR Alternative Termination Benefit or the first of the month
following Participant's death.
For purposes of computing the Vested Benefits (as such term is used in rabbi trusts ("Trusts")
established by the Company for the purpose of providing for the payment of benefits under the Plan)
corresponding to an EPR Alternative Termination Benefit, for all Trust purposes, including for
purposes of determining the Trust funding level applicable for such EPR Alternative Termination
Benefit, the Participant shall be treated for each such EPR Alternative Termination Benefit Unit as if
continuing in employment until age fifty-five if the Participant dies before attaining age fifty-five
or until the date of Participant's death if Participant dies after attaining age fifty-five or until
reaching the Participant's Early Retirement date for such Unit as selected by the Participant if
Participant survives until such date, i.e., the Trust funding for any such Unit and the security
afforded Participant or Participant's Beneficiary(ies) thereby shall be no different as a result of
this Section 9.14 than they would have been had Participant continued in employment in the absence of
this Section 9.14 and lived until at least age fifty-five.
Waiver of a Termination Benefit or Early Retirement Benefit with respect to a Unit by a Participant,
or of a Pre-Retirement Survivor Benefit with respect to a Unit by a Beneficiary(ies), as applicable,
and receipt of an EPR Alternative Termination Benefit in lieu thereof, shall be conditioned upon the
agreement in writing by the Participant, or Participant's Beneficiary(ies), as applicable, at the time
of Participant's termination of employment, to provisions substantially as follows:
SBC SENIOR MANAGEMENT DEFERRED COMPENSATION PLAN OF 1988
SBC MANAGEMENT DEFERRED COMPENSATION PLAN OF 1988
(4-Year Units- Retirement Option)
Section 6.8, reading as follows, is hereby added to each Plan:
6.8 Termination Under EPR. Notwithstanding any other provisions of the Plan, if a Participant's
employment terminates before the Participant attains age fifty-five, and if such termination is as an
EPR Terminee under the Enhanced Pension and Retirement Program ("EPR") of the SBC Pension Benefit
Plan-Nonbargained Program ("SBC PBP") or as a Deceased Electing Employee under EPR, and is on or after
the date Participant is within five years of being pension eligible, i.e., would be within five years
of being eligible to retire with a service pension under the rules for service pension eligibility as
in effect under the SBC PBP, and/or is a Senior Manager within five years of being eligible to retire
with an immediate pension based on the eligibility rules of the SBC Supplemental Retirement Income
Plan, whether or not actually a participant in either such plan, or a Participant who is age 55 or
over terminates employment under EPR, then the provisions of this Section 6.8 shall govern and control
with respect to the distribution of the Plan's benefits if the benefits offered by this Section 6.8
are elected. In such case, the Participant, or the Participant's Beneficiary(ies) if the
Participant's employment terminates by reason of the Participant's death, may irrevocably elect in
writing, in an EPR special election form filed with the Company, to waive the Termination Benefit or
the Pre-Retirement Survivor Benefit or the Early Retirement Benefit, as applicable, with respect to
any or all Units of Participation, and in lieu of said Benefit for any such Unit, receive an "EPR
Alternative Termination Benefit".
Such an EPR Alternative Termination Benefit for a Unit shall be the Unit as described in the
Participant's Agreement, provided in accordance with and governed in all respects by the terms of the
Plan and said Agreement, except that the Plan and Agreement shall be applied with respect to such
Unit, in accordance with Participant's special EPR election form applicable to such Unit, as if the
Participant had remained in employment and retired upon the Participant's Early Retirement Date
specified in his EPR special election form applicable to such Unit of Participation, regardless of
Participant's actual termination date. For purposes of applying the Plan and the Agreement, Normal
Retirement shall be the Participant's sixty-fifth birthday and Early Retirement shall be the date
specified by the Participant as Participant's Early Retirement date, which date shall be specified in
Participant's special EPR election form filed with the Company, and which date may be no earlier than
Participant's fifty-fifth birthday. In the event of Participant's death prior to age fifty-five, the
EPR Alternative Termination Benefit for a Unit, whether such Benefit was elected by the Participant or
Participant's Beneficiary(ies), shall be determined, as described below, by applying the Plan and
Agreement with respect to such Unit as if the Participant had died upon or after reaching age
fifty-five.
Accordingly, notwithstanding any other provisions of the Plan, for purposes of application of this
Section 6.8, in the event a Participant elects an EPR Alternative Termination Benefit in lieu of the
Termination Benefit or the Early Retirement Benefit for a Unit, or a Beneficiary(ies) elects to
receive an EPR Alternative Termination Benefit in lieu of a Pre-Retirement Survivor Benefit for a
Unit, as applicable, survivor benefits for such Unit shall be determined as follows: (a) If
Participant dies on or after the date specified by Participant as Participant's Early Retirement date,
Participant's Beneficiary(ies) shall receive the remaining installments of Participant's retirement
benefit; or (b) If Participant dies on or after age fifty-five but prior to the date specified by
Participant as Participant's Early Retirement date, Participant's Beneficiary(ies) will receive
survivor benefits in accordance with Section 6.6(b), i.e., the provision of the Plan that would have
applied had Participant's death actually been an in service death which occurred upon or after
attainment of age fifty-five, or (c) If Participant's death occurs prior to age fifty-five,
Participant's Beneficiary(ies) will receive at such time as Participant would have attained age
fifty-five, survivor benefits in accordance with Section 6.6(b), i.e., the provision of the Plan that
would have applied had Participant's death actually been an in service death which occurred upon
attainment of age fifty-five; and (d) Finally, the benefit described in Section 6.6(e) shall apply
commencing on the later of the sixteenth year after commencement of payments pursuant to the EPR
Alternative Termination Benefit or the first of the month following Participant's death.
For purposes of computing the Vested Benefits (as such term is used in rabbi trusts ("Trusts")
established by the Company for the purpose of providing for the payment of benefits under the Plan)
corresponding to an EPR Alternative Termination Benefit, for all Trust purposes, including for
purposes of determining the Trust funding level applicable for such EPR Alternative Termination
Benefit, the Participant shall be treated for each such EPR Alternative Termination Benefit Unit as if
continuing in employment until age fifty-five if the Participant dies before attaining age fifty-five
or until the date of Participant's death if Participant dies after attaining age fifty-five or until
reaching the Participant's Early Retirement Date for such Unit as selected by the Participant if
Participant survives until such date, i.e., the Trust funding for any such Unit and the security
afforded Participant or Participant's Beneficiary(ies) thereby shall be no different as a result of
this Section 6.8 than they would have been had Participant continued in employment in the absence of
this Section 6.8 and lived until at least age fifty-five.
SBC COMPENSATION DEFERRAL PLAN
(4-Year Unit- Retirement Option)
Section 6.8, reading as follows, is hereby added to Plan:
6.8 Termination Under EPR. Notwithstanding any other provisions of the Plan, if a Participant's
employment terminates before the Participant attains age fifty-five, and if such termination is as an
EPR Terminee under the Enhanced Pension and Retirement Program ("EPR") of the SBC Pension Benefit
Plan-Nonbargained Program ("SBC PBP") or as a Deceased Electing Employee under EPR, and is on or after
the date Participant is within five years of being pension eligible, i.e., would be within five years
of being eligible to retire with a service pension under the rules for service pension eligibility as
in effect under the SBC PBP, and/or is a Senior Manager within five years of being eligible to retire
with an immediate pension based on the eligibility rules of the SBC Supplemental Retirement Income
Plan, whether or not actually a participant in either such plan, or a Participant who is age 55 or
over terminates employment under EPR, then the provisions of this Section 6.8 shall govern and control
with respect to the distribution of the Plan's benefits if the benefits offered by this Section 6.8
are elected. In such case, the Participant, or the Participant's Beneficiary(ies) if the
Participant's employment terminates by reason of the Participant's death, may irrevocably elect in
writing, in an EPR special election form filed with the Company, to waive the Termination Benefit or
the Pre-Retirement Survivor Benefit or the Early Retirement Benefit, as applicable, with respect to
any or all Units of Participation, and in lieu of said Benefit for any such Unit, receive an "EPR
Alternative Termination Benefit".
Such an EPR Alternative Termination Benefit for a Unit shall be the Unit as described in the
Participant's Agreement, provided in accordance with and governed in all respects by the terms of the
Plan and said Agreement, except that the Plan and Agreement shall be applied with respect to such
Unit, in accordance with Participant's special EPR election form applicable to such Unit, as if the
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Participant had remained in employment and retired upon the Participant's Early Retirement Date
specified in his EPR special election form applicable to such Unit of Participation, regardless of
Participant's actual termination date. For purposes of applying the Plan and the Agreement, Normal
Retirement shall be the Participant's sixty-fifth birthday and Early Retirement shall be the date
specified by the Participant as Participant's Early Retirement date, which date shall be specified in
Participant's special EPR election form filed with the Company, and which date may be no earlier than
Participant's fifty-fifth birthday. In the event of Participant's death prior to age fifty-five, the
EPR Alternative Termination Benefit for a Unit, whether such Benefit was elected by the Participant or
Participant's Beneficiary(ies), shall be determined, as described below, by applying the Plan and
Agreement with respect to such Unit as if the Participant had died upon or after reaching age
fifty-five.
Accordingly, notwithstanding any other provisions of the Plan, for purposes of application of this
Section 6.8, in the event a Participant elects an EPR Alternative Termination Benefit in lieu of the
Termination Benefit or the Early Retirement Benefit for a Unit, or a Beneficiary(ies) elects to
receive an EPR Alternative Termination Benefit in lieu of a Pre-Retirement Survivor Benefit for a
Unit, as applicable, survivor benefits for such Unit shall be determined as follows: (a) If
Participant dies on or after the date specified by Participant as Participant's Early Retirement date,
Participant's Beneficiary(ies) shall receive the remaining installments of Participant's retirement
benefit; or (b) If Participant dies on or after age fifty-five but prior to the date specified by
Participant as Participant's Early Retirement date, Participant's Beneficiary(ies) will receive
survivor benefits in accordance with Section 6.6(b), i.e., the provision of the Plan that would have
applied had Participant's death actually been an in service death which occurred upon or after
attainment of age fifty-five, or (c) If Participant's death occurs prior to age fifty-five,
Participant's Beneficiary(ies) will receive at such time as Participant would have attained age
fifty-five, survivor benefits in accordance with Section 6.6(b), i.e., the provision of the Plan that
would have applied had Participant's death actually been an in service death which occurred upon
attainment of age fifty-five.
For purposes of computing the Vested Benefits (as such term is used in rabbi trusts ("Trusts")
established by the Company for the purpose of providing for the payment of benefits under the Plan)
corresponding to an EPR Alternative Termination Benefit, for all Trust purposes, including for
purposes of determining the Trust funding level applicable for such EPR Alternative Termination
Benefit, the Participant shall be treated for each such EPR Alternative Termination Benefit Unit as if
continuing in employment until age fifty-five if the Participant dies before attaining age fifty-five
or until the date of Participant's death if Participant dies after attaining age fifty-five or until
reaching the Participant's Early Retirement Date for such Unit as selected by the Participant if
Participant survives until such date, i.e., the Trust funding for any such Unit and the security
afforded Participant or Participant's Beneficiary(ies) thereby shall be no different as a result of
this Section 6.8 than they would have been had Participant continued in employment in the absence of
this Section 6.8 and lived until at least age fifty-five.
SBC SENIOR MANAGEMENT DEFERRED COMPENSATION PLAN OF 1988
(EARLY RETIREMENT OPTION)
SBC MANAGEMENT DEFERRED COMPENSATION PLAN OF 1988
SBC COMPENSATION DEFERRAL PLAN
(4-Year Units- Early Payment Option)
Section 7.6, reading as follows, is hereby added to each Plan:
7.6 Termination Under EPR. Notwithstanding any other provisions of the Plan, if a Participant's
employment terminates before the Participant attains age fifty-five and prior to the Early Payment
Date with respect to a Unit of Participation, and if such termination is as an EPR Terminee under the
Enhanced Pension and Retirement Program ("EPR") of the SBC Pension Benefit Plan-Nonbargained Program
("SBC PBP") or as a Deceased Electing Employee under EPR, and is on or after the date Participant is
within five years of being pension eligible, i.e., would be within five years of being eligible to
retire with a service pension under the rules for service pension eligibility as in effect under the
SBC PBP, and/or is a Senior Manager within five years of being eligible to retire with an immediate
pension based on the eligibility rules of the SBC Supplemental Retirement Income Plan, whether or not
actually a Participant in either such Plan, or a Participant who is age 55 or over terminates
employment under EPR, then the provisions of this Section 7.6 shall govern and control with respect
to the distribution of the Plan's benefits if the benefits offered by this Section 7.6 are elected.
In such case, the Participant, or the Participant's Beneficiary(ies) if the Participant's employment
terminates by reason of the Participant's death, may irrevocably elect in writing, in an EPR special
election form filed with the Company, to waive the Termination Benefit or the Pre-Retirement Survivor
Benefit or the Early Payment Date benefit, as applicable, with respect to any or all Units of
Participation, and in lieu of said Benefit for any such Unit, receive an "EPR Alternative Termination
Benefit".
Such EPR Alternative Termination Benefit for a Unit shall be the Unit as described in the
Participant's Agreement, provided in accordance with and governed in all respects by the terms of the
Plan and said Agreement, except that the Plan and Agreement shall be applied with respect to such
Unit, in accordance with Participant's special EPR election form applicable to such Unit, as if the
Participant had remained in employment and retired upon attaining the Early Payment Date specified in
his EPR special election form applicable to such Unit of Participation, regardless of Participant's
actual termination date. For purposes of applying the Plan and the Agreement, Normal Retirement shall
be the Participant's sixty-fifth birthday and Early Retirement shall be the Early Payment Date for
such Unit, which date shall be specified in Participant's special EPR election form filed with the
Company, and which date may be no later than the first day of the month after the Participant attains
age sixty-five. In the event of Participant's death prior to age fifty-five, the EPR Alternative
Termination Benefit for a Unit, whether such Benefit was elected by the Participant or Participant's
Beneficiary(ies), shall be determined, as described below, by applying the Plan and Agreement with
respect to such Unit as if the Participant had died upon reaching age fifty-five.
Accordingly, notwithstanding any other provisions of the Plan, for purposes of application of this
Section 7.6, in the event a Participant elects an EPR Alternative Termination Benefit in lieu of the
Termination Benefit or the Early Payment Date benefit for a Unit, or a Beneficiary(ies) elects to
receive an EPR Alternative Termination Benefit in lieu of a Pre-Retirement Survivor Benefit for a
Unit, as applicable, survivor benefits for such Unit shall be determined as follows: (a) If
Participant dies on or after the Early Retirement Date for such Unit (i.e., on or after Participant's
Early Retirement date for such Unit), Participant's Beneficiary(ies) shall receive the remaining
installments of Participant's benefit; or (b) If Participant dies on or after age fifty-five but
prior to the Early Payment Date for a Unit (i.e., on or after Participant's Early Retirement date for
such Unit), Participant's Beneficiary(ies) will receive survivor benefits in accordance with Section
7.4(b), i.e., the provision of the Plan that would have applied had Participant's death actually been
an in service death which occurred upon or after attainment of age fifty-five; or (c) If Participant's
death occurs prior to age fifty-five, Participant's Beneficiary(ies) will receive at such time as
Participant would have attained age fifty-five, survivor benefits in accordance with Section 7.4(b),
i.e., the provision of the Plan that would have applied had Participant's death actually been an in
service death which occurred upon attainment of age fifty-five.
For purposes of computing the Vested Benefits (as such term is used in rabbi trusts ("Trusts")
established by the Company for the purpose of providing for the payment of benefits under the Plan)
corresponding to an EPR Alternative Termination Benefit, for all Trust purposes, including for
purposes of determining the Trust funding level applicable for such EPR Alternative Termination
Benefit, the Participant shall be treated for each such EPR Alternative Termination Benefit Unit as if
continuing in employment until age fifty-five if the Participant dies before attaining age fifty-five
or until the date of Participant's death if Participant dies after attaining age fifty-five or until
reaching the Early Payment Date for a Unit (i.e., on or after Participant's Early Retirement date for
such Unit) if Participant survives until such date, i.e., the Trust funding for any such Unit and the
security afforded Participant or Participant's Beneficiary(ies) thereby shall be no different as a
result of this Section 7.6 than they would have been had Participant continued in employment in the
absence of this Section 7.6 and lived until at least age fifty-five.
