Document:

ex10zz1.htm

    Exhibit
10-zz(i)

    

    

    AMENDMENT TO THE BELLSOUTH
CORPORATION

    SUPPLEMENTAL EXECUTIVE RETIREMENT
PLAN

    

    THIS AMENDMENT is made to the BellSouth
Corporation Supplemental Executive Retirement Plan (the "Plan"), effective as of
December 31, 2005.

    

    WITNESSETH:

    

    WHEREAS, BellSouth Corporation (the
"Company") sponsors the Plan, which was amended and restated effective November
1, 1997; and

    

    WHEREAS, the Board of Directors of the
Company has delegated to the Executive Nominating and Compensation Committee of
the Board of Directors (the "Compensation Committee") authority to approve
amendments to existing executive compensation plans or programs, other than
amendments involving significant policy considerations or as otherwise
appropriate; and

    

    WHEREAS, the Plan has previously been
amended pursuant to actions of the Compensation Committee at its November 24,
2003 and June 28, 2004 meetings; and

    

    WHEREAS, the Compensation Committee, at
its November 28, 2005 meeting and at its special meeting on January 10, 2006,
approved further amendments to the Plan to provide for capping the amount of
lump sum death benefits under Section 5 of the Plan for current Plan
Participants at the amount that would have been payable had a Participant died
on December 31, 2005 and, for all future Plan Participants, to eliminate
altogether death benefits described in Section 5 of the Plan; and

    

    WHEREAS,
the Compensation Committee authorized appropriate officers of the Company to do
such further acts and to execute such documents as may be necessary or advisable
to effectuate the purposes of its resolutions adopting such Plan
amendments;

    

    NOW,
THEREFORE, pursuant to the authority delegated by the Compensation Committee,
the undersigned officer approves the following revisions to the Plan
document:

    

    Section 5
of the Plan shall be amended by inserting, immediately following Section 5.1, a
new Section 5.1A which shall read as follows:

    

    1A.  Death Benefits After
2005.

    

    Notwithstanding the provisions of
Section 5.1 preceding:

    

    (i) with respect to each Participant in
the Plan on December 31, 2005, the amount of any death benefit payable pursuant
to Section 5.1 shall in no event be based on base salary and/or Standard Award
amounts greater than such Participant's base salary and the Standard Award
applicable with respect to such Participant on December 31, 2005;
and

    

    (ii) with respect to individuals who
become eligible to participate in the Plan on or after January 1, 2006, no death
benefits shall be payable pursuant to this Section 5.

    

    Any other provisions of the Plan not
amended herein shall remain in full force and effect.

    

    

    

    
      	
              January
      19, 2006

            	 	
              /s/
      Richard D. Sibbernsen

            
	
              Date

            	 	
              Vice
      President-Human Resourcesex10aaa.htm

    

    Exhibit
      10-aaa

    

    

    BELLSOUTH
      SUPPLEMENTAL LIFE INSURANCE PLAN

    

    PLAN
      DOCUMENT

    

    This
      section includes a general
      information summary (first 3 pages) and the plan document for the BellSouth
      Supplemental Life Insurance Plan. The plan document and the general information
      summary together are intended to serve as both the full text of the BellSouth
      Supplemental Life Insurance Plan as well as a summary plan description of such
      plan.

    

    

    GENERAL
      INFORMATION ABOUT THE BELLSOUTH

    SUPPLEMENTAL
      LIFE INSURANCE PLAN

    

    NAME
      OF
      PLAN: BellSouth Supplemental Life Insurance Plan

    

    NAME
      AND
      ADDRESS OF EMPLOYER

    

    Various
      BellSouth companies
      participate in this Plan. BellSouth Corporation's address is:

    

    1155
      Peachtree Street,
      N.E.

    Suite
      13C09

    Atlanta,
      Georgia 30309

    

    EMPLOYER
      IDENTIFICATION
      NUMBER:        58-1533433

    

    PLAN
      NUMBER: 589

    

    TYPE
      OF
      PLAN

    

    This
      Plan is a welfare benefit plan
      in which participants are given the opportunity to receive life insurance
      coverage purchased with a combination of employer and employee
      contributions.

    

    TYPE
      OF
      ADMINISTRATION

    

    Benefits
      are provided through
      insurance contracts purchased under the terms of the Plan. The Plan is
      administered by BellSouth Corporation.

    

    CLAIMS
      PROCEDURE

    

    Claims
      for insurance benefits under
      the Plan are handled by and should be directed to the Plan
      Administrator.

    

    
      
        
          1

        

        
           

          
            

          

        

        
           

        

      

    

    

    PLAN
      YEAR

    

    The
      Plan Year is the period beginning
      each January 1 and ending each December 31 during which the Plan is in
      effect.

    

    END
      OF
      YEAR FOR FISCAL YEAR
      PURPOSES:                                                                                                                          December
      31

    

    NAME,
      BUSINESS ADDRESS AND TELEPHONE NUMBER OF PLAN ADMINISTRATOR

    

    BellSouth
      Corporation

    1155
      Peachtree Street,
      N.E.

    Atlanta,
      Georgia
      30309-3610

    Attn.:
      Director Executive
      Benefits

    (404)
      249-2228

    

    SERVICE
      OF LEGAL PROCESS

    

    Service
      of legal process may be made
      upon the Plan Administrator.

    

    EFFECTIVE
      DATE

    

    The
      Effective Date of the Plan is
      January 1, 1998 and was amended and restated April 1, 2004.

    

    PARTICIPANT'S
      RIGHTS UNDER ERISA

    

    Participants
      in the Plan are entitled
      to certain rights and protections under the Employee Retirement Income Security
      Act of 1974 ("ERISA"). ERISA provides that each Plan participant
      may:

    

    (1)        Examine,
      without charge, all Plan documents, and copies of all documents files by the
      Plan with the U.S. Department of Labor, such as detailed annual reports and
      Plan
      descriptions, if applicable.

    

    (2)        Obtain
      copies of all Plan documents and other Plan information upon written request
      to
      the Plan Administrator. The Administrator may make a reasonable charge for
      copies;

    

    (3)        Receive
      a summary of the Plan's annual financial report. The Plan Administrator is
      required by law to furnish each participant with a copy of this summary annual
      report;

    

    You
      should also be aware of the
      following protections afforded by ERISA:

    

    
      
        2

      

      
         

        
          

        

      

      
         

      

    

    (1)  The
      people who operate the Plan, called "fiduciaries," must act prudently and in
      the
      interest of you and other Plan participants and beneficiaries.

    

    (2)  No
      one
      may interfere with the exercise of any rights which you have under the Plan
      or
      ERISA.

    

    (3)  If
      your
      claim for a benefit is denied in whole or in part, you must receive a written
      explanation of the reason for denial.

    

    (4)  You
      have
      the right to have the Plan Administrator review and reconsider your
      claim.

    

    Under
      ERISA, there are steps you can
      take to enforce the above rights. If you request materials from the Plan and
      do
      not receive them within 30 days, you may choose to file suit in a federal court.
      If the court finds that you are entitled to receive those materials, it may
      require the Plan Administrator to provide the materials and pay you a daily
      penalty until you receive them. However, if the documents were
      not  sent because of reasons beyond the control of the Plan
      Administrator, he will not be penalized. If you have a claim for benefits which
      is denied or ignored, in whole or in part, you may choose to file suit in a
      state or federal court. If it should happen that Plan fiduciaries misuse the
      Plan's money, or if you are discriminated against for asserting your rights,
      you
      may seek assistance from the U. S. Department of Labor, or you may file suit
      in
      a federal court. The court will decide who should pay court costs and legal
      fees. If you lose, the court may order you to pay these costs and fees, if,
      for
      example, it finds your claim frivolous.

    

    If
      you have any questions about this
      statement or about your rights under ERISA, you should contact the nearest
      Area
      Office of the U.S. Labor --Management Services Administration Department of
      Labor.

    

    

    
      
        
          3

        

        
           

          
            

          

        

        
           

        

      

    

    

    BELLSOUTH
      SUPPLEMENTAL LIFE INSURANCE PLAN

    AMENDED
      AND RESTATED APRIL 1, 2004

    

    1.    PURPOSE

    

    The
      purpose of the BellSouth
      Supplemental Life Insurance Plan (the "Plan") is to provide an insurance
      arrangement under which BellSouth Corporation and its subsidiaries and
      affiliates can assist key employees in acquiring and financing life insurance
      coverage.

    

    2.    DEFINITIONS

    

    For
      purposes of this Plan, the
      following terms have the meanings set forth below:

    

    2.01  "COVERAGE
      AMOUNT"
      means the Policy death benefit payable under the Participant's
      Policy.

    

    2.02  COVERAGE
      EFFECTIVE
      DATE" means the Policy Date as determined by the Insurer.

    

    2.03  "COVERAGE
      LEVEL"
      means the Single Life Coverage insurance death benefit the Employee is eligible
      for under the Plan, determined based on the Employee's job classification,
      in
      accordance with the schedule of Coverage Levels maintained by the Plan
      Administrator.  Provided, however, that to determine the amount of
      insurance death benefit for which an Employee is eligible, the applicable amount
      from the schedule of Coverage Levels shall be reduced by one hundred percent
      (100%) of the amount of any Single Life Coverage insurance death benefit and
      by
      fifty percent (50%) of the amount of any Survivorship Coverage insurance death
      benefit provided to the Employee under the BellSouth Split-Dollar Life Insurance
      Plan, the BellSouth Corporation Executive Life Insurance Plan, or the BellSouth
      Corporation Senior Manager Life Insurance Plan.

    

    2.04  "DISABILITY"
      means
      that the Participant is receiving disability benefits under any long-term
      disability plan sponsored by the Employer or an affiliated entity.

    

    2.05  "EMPLOYEE"
      means an
      employee or former employee of the Employer who is eligible to participate
      in
      the Plan.

    

    2.06  "EMPLOYER"
      means
      BellSouth Corporation and any subsidiary or affiliate of BellSouth Corporation
      which is authorized by the Plan Administrator to participate in this
      Plan.

    

    2.07  "EMPLOYER
      PREMIUM"
      means, with respect to a Participant's Policy, the Total Policy Premium payable
      for the year, less the portion of the premium to be paid by the Participant
      pursuant to Section 5.01 of the Plan.

    

    
      
        4

      

      
         

        
          

        

      

      
         

      

    

    2.08  "ENROLLMENT
      AGE"
      means the Participant's age at the time of enrollment in the Plan as to the
      Participant's initial Coverage Amount under the Plan, and it means the
      Participant's age at a subsequent enrollment for an increased Coverage Amount
      as
      to the increased Coverage Amount.

    

    2.09  "INSURANCE
      COST"
      means, with respect to a Participant, the annual cost for the Participant's
      Coverage Amount determined pursuant to the Insurance Cost schedule maintained
      by
      the Plan Administrator.  The Insurance Cost for a Participant shall be
      determined at the time of the Participant's enrollment in the Plan, based on
      the
      Participant's Coverage Amount and Enrollment Age, and shall not change
      thereafter. A smoker rate shall be used to determine the Insurance Cost for
      any
      Participant who is deemed a smoker by the Insurer; a nonsmoker rate shall be
      used for all other Participants.  A change in the Insurance Cost
      schedule will be effective only as to Plan enrollments occurring after the
      effective date of the change; it shall not affect the Insurance Cost for a
      Participant with respect to any Coverage Amount in effect for the Participant
      prior to the effective date of the change.

    

    If
      a Participant's coverage is in
      effect for a period of less than twelve (12) months during any Policy Year,
      the
      Participant's Insurance Cost for that year shall be determined by multiplying
      the annual cost as determined from the Insurance Cost schedule by a fraction,
      the numerator of which is the number of full months that the coverage is in
      effect and the denominator of which is twelve (12).

    

    2.10  "INSURER"
      means, with
      respect to a Participant's Policy, the insurance company issuing the insurance
      policy on the Participant's life (or on the joint lives of the Participant
      and
      the Participant's spouse, in the case of a Survivorship Policy) pursuant to
      the
      provisions of the Plan.

    

    2.11  "PARTICIPANT"
      means
      an Employee who is participating in the Plan.

    

    2.12  "PARTICIPANT
      PREMIUM"
      means, with respect to each Policy Year (or portion thereof) for a Participant,
      the Participant's Insurance Cost.

    

    2.13  "PERMANENT
      POLICY"
      means a Participant's Policy having cash values which are projected to be
      sufficient to continue to provide death benefit coverage at least equal to
      the
      Participant's Coverage Amount until the policy maturity date specified in the
      Participant's Policy (determined without regard to any Policy rider which
      extends the maturity date beyond the originally scheduled policy maturity date),
      and which is projected to have a cash accumulation value equal to at least
      ninety-five percent (95%) of the Policy Coverage Amount at the maturity date
      specified in such Policy, with no further premium payments. The determination
      of
      whether a Policy is at a given time a Permanent Policy shall be made by the
      Plan
      Administrator, based on Policy projections provided by the Insurer or its agent
      utilizing the Policy's then current mortality rates and Policy expenses, and
      the
      following Policy interest crediting rates.

    

    
      
        5

      

      
         

        
          

        

      

      
         

      

    

    For
      the Policy Year in which the
      determination is made and for all prior Policy years, if any, the Policy
      projection shall be based on the actual interest crediting rates in effect
      for
      the Policy (or, if such rate is not known when the determination is made, the
      actual rate in effect for the preceding Policy Year). For each of the ten (10)
      succeeding Policy Years, the projections shall reflect that rate decreased
      ratably such that the rate for the tenth Policy Year following the Policy Year
      in which the determination is made shall be five percent (5%). For all
      successive Policy Years, the projection shall reflect a five percent (5%) Policy
      interest crediting rate. Notwithstanding the foregoing, if the interest
      crediting rate in effect for the Policy Year in which the determination is
      made
      is less than five percent (5%), the projections shall reflect such lower rate
      for all Policy Years thereafter.

    

    2.14  "PLAN"
      means the
      BellSouth Supplemental Life Insurance Plan, embodied herein.

    

    2.15  "PLAN
      ADMINISTRATOR"
      means the Chief Executive Officer of BellSouth Corporation and any individual
      or
      committee he designates to act on his behalf with respect to any or all of
      his
      responsibilities hereunder; provided, the Board of Directors of BellSouth
      Corporation may designate any other person or committee to serve in lieu of
      the
      Chief Executive Officer as the Plan Administrator with respect to any or all
      of
      the administrative responsibilities hereunder.

    

    2.16  "PLAN
      EFFECTIVE DATE"
      means the effective date of the Plan, which is January 1, 1998.

    

    2.17  "POLICY"
      means the
      life insurance coverage acquired on the life of the Participant (or on the
      joint
      lives of the Participant and the Participant's spouse, in the case of a
      Survivorship Policy) by the Participant or other Policy Owner issued pursuant
      to
      the terms of this Plan. The Plan Administrator shall determine the specific
      policies which may be acquired under the Plan, and shall maintain a list of
      approved policies.

    

    2.18  "POLICY
      OWNER" means
      the Participant or that person or entity to whom the Participant has assigned
      his interest in the Policy.

    

    2.19  "POLICY
      YEAR" means
      the twelve month period (and each successive twelve month period) beginning
      on
      the Coverage Effective Date.

    

    2.20  "PREMIUM
      PAYMENT
      YEARS" means, with respect to a Participant's Policy, the number of consecutive
      Policy Years, beginning with the first Policy Year, and continuing for the
      longer of: (1) all Policy Years ending at the end of the Policy Year during
      which the Participant attains age sixty-two (62) (or, if the Participant dies
      before such time, the end of the Policy Year during which the Participant would
      have attained such age); or (2) five (5) Policy Years. Notwithstanding the
      foregoing, if prior to the end of such period the Policy qualifies as a
      Permanent Policy, the Premium Payment Years shall end at such earlier
      time.

    

    
      
        6

      

      
         

        
          

        

      

      
         

      

    

    2.21  "RETIREMENT"
      means a
      termination of the Participant's employment with the Employer under
      circumstances where the Participant is immediately eligible to receive pension
      benefits under the Supplemental Executive Retirement Plan (SERP) maintained
      by
      the Employer or one of its subsidiaries.

    

    2.22  "SINGLE
      LIFE
      COVERAGE" means life insurance coverage on the life of the
      Participant.

    

    2.23  "SURVIVORSHIP
      COVERAGE" means life insurance coverage on the lives of the Participant and
      the
      Participant's spouse, with the life insurance death benefit to be payable at
      the
      death of the last survivor of the Participant and the Participant's
      spouse.

    

    2.24  "TOTAL
      POLICY
      PREMIUM" means the level annual premium amount for the Participant's Single
      Life
      Coverage Policy that is projected to result in the Policy qualifying as a
      Permanent Policy if the annual premium amount is paid each year for all
      scheduled Premium Payment Years, assuming the Participant qualifies for the
      Insurer's guaranteed issue nonsmoker rates, or if the Participant is deemed
      by
      the Insurer to be a smoker, the Insurer's guaranteed issue smoker rates. The
      determination as to the amount of the Total Policy Premium shall be based on
      Single Life Coverage even if the Participant elects Survivorship Coverage.
      If
      more than one type of Single Life Coverage Policy is available under the Plan,
      the Plan Administrator shall determine the Single Life Coverage Policy to be
      used to determine the Total Policy Premium. The Total Policy Premium for a
      Participant shall be determined when the Participant enrolls for coverage under
      the Plan, and shall not be changed thereafter; it shall be based on the
      Participant's Coverage Level, or, if less, the actual Coverage Amount elected
      by
      the Participant.

    

    3.    ELIGIBILITY

    

    3.01  GENERAL.  Each
      Employee who is designated by the Plan Administrator as a member of the
      Employer's "executive compensation group" or as a "senior manager" shall be
      eligible to participate in the Plan, provided that the Employee (and any other
      appropriate party, such as the Employee's spouse or a Policy Owner other than
      the Employee, as determined by the Plan Administrator) relinquishes any rights
      to or interests in any policies providing interim coverage during the
      rehabilitation of Confederation Life Insurance Company under the BellSouth
      Corporation Executive Life Insurance Plan or the BellSouth Corporation Senior
      Manager Life Insurance Plan and completes such other forms as the Plan
      Administrator may require. Each such Employee on the Plan Effective Date shall
      be eligible to participate in the Plan as of the Plan Effective Date. Each
      Employee subsequently satisfying such eligibility requirements shall be eligible
      to participate in the Plan effective as of the first day of January following
      the date on which such eligibility requirements are satisfied.

    

    3.02  TYPE
      OF
      COVERAGE.  If an Employee is married at the time the Employee enrolls
      in the Plan, the Employee can elect to participate in either Single Life
      Coverage or Survivorship Coverage. An Employee who is unmarried at the time
      the
      Employee enrolls in the Plan shall be eligible for Single Life Coverage only.
      The election of one type of coverage shall not preclude the Participant from
      electing the other type of coverage as to any increased Coverage Level the
      Participant becomes eligible for pursuant to Section 4.02 of the
      Plan.

    

    
      
        7

      

      
         

        
          

        

      

      
         

      

    

    3.03  CONVERSION
      OF
      COVERAGE.  Subject to any proof of insurability required by the
      Insurer, a Participant (or other Policy Owner) can elect to convert Survivorship
      Coverage to Single Life Coverage, and with respect to a married Participant,
      the
      Participant (or other Policy Owner) can elect to convert Single Life Coverage
      to
      Survivorship Coverage. Provided, however, that the number of Premium Payment
      Years for a Participant shall not be redetermined in connection with a
      conversion from one type of coverage to another. Upon a conversion, the cash
      values of the replaced Policy shall be transferred to the new Policy in
      accordance with the Insurer's practices. Any Insurer charges or tax liability
      resulting from a conversion shall be borne by the Participant or other Policy
      Owner.

    

    4.    AMOUNT
      OF COVERAGE

    

    4.01  GENERAL.  An
      Employee who is eligible to participate in the Plan under Section 3.01 of the
      Plan shall be eligible for the full Coverage Level as specified in the Plan
      under Section 2.03. However, within sixty (60) days of the distribution of
      the
      enrollment materials, a Participant can elect a Coverage Amount which is less
      than the applicable Coverage Level; provided, however, that the Coverage Amount
      elected must be an even multiple of $100,000. If a Participant elects a Coverage
      Amount less than the Participant's Coverage Level (or fails to elect any
      Coverage), the Participant cannot later increase the Coverage Amount except
      in
      connection with a promotion under Section 4.02 of the Plan.

    

    4.02  PROMOTIONS.  Employees
      promoted to a job classification or position eligible for an increased Coverage
      Level shall be eligible for the increased Coverage Level effective as of the
      first day of January following the promotion. The additional Coverage Amount
      available to the Participant under this Section shall be equal to the applicable
      Coverage Level after the promotion reduced by any Coverage Amounts already
      in
      effect for a Participant. In order to be effective, any election for an increase
      in the Coverage Amount must be made within the time period prescribed by the
      Plan Administrator in enrollment materials provided to the
      Employee.

    

    4.03  SURVIVORSHIP
      COVERAGE.  If a Participant elects Survivorship Coverage, the amount
      of Survivorship Coverage will be determined by the Plan Administrator based
      on
      the Participant's age and smoker or nonsmoker status, the age and insurability
      of the Participant's spouse, and based on the Participant's Total Policy
      Premium. The Coverage Amount shall be the highest amount such that the Policy
      will qualify as a Permanent Policy if the Total Policy Premium is paid for
      each
      year that is a scheduled Premium Payment Year.

    

    
      
        8

      

      
         

        
          

        

      

      
         

      

    

    4.04  OTHER.  Notwithstanding
      any provision herein to the contrary, any benefits payable under the Plan shall
      be limited to those provided by the applicable Policy and all the terms of
      such
      Policy (including, but not limited to, any requirements of insurability) shall
      apply under the Plan. Under no circumstances will the Employer be liable for
      any
      amount claimed to be due under any Policy or for any Coverage amount or Coverage
      Level and any benefits due under the Plan shall be limited to those provided
      by
      the Insurer under the Policy.

    

    4.05  EXCLUSIONS.  If
      a
      Participant commits suicide within two years of policy issue, or if a
      Participant makes any material misstatement of information (smoker and/or
      employment status) and dies within two years of policy issue, then no benefits
      will be paid to the beneficiary of such Participant.

    

    5.    PAYMENT
      OF PREMIUMS

    

    5.01  PARTICIPANT
      PREMIUM
      PAYMENTS.  A Participant shall pay the Participant Premium for each
      Policy Year which is a Premium Payment Year for the Participant. The amount
      shall be paid by the Participant to the Employer by payroll (or retirement
      income) deductions of equal installments during the Policy Year, or in such
      other manner as may be determined by the Plan Administrator. The Employer shall
      pay the Participant Premium amount to the Insurer, and can do so as collected
      from the Participant or can advance payments to the Insurer, except Section
      16
      insiders, for a Policy Year at any time during the Policy Year or up to thirty
      (30) days in advance of the Policy Year. If a Participant terminates employment
      with the Employer, and the Employer has made such an advance payment of the
      Participant Premium to the Insurer, the Employer may withhold any uncollected
      portion of the advanced Participant Premium from any amount payable to the
      Participant by the Employer to the extent permitted by law. Notwithstanding
      the
      other provisions of this paragraph, no Participant Premium shall be required
      with respect to Survivorship Coverage after the death of the
      Participant.

    

    5.02  EMPLOYER
      PREMIUM
      PAYMENTS.  The Employer shall pay the Employer Premium for a
      Participant's Policy within thirty (30) days of the beginning of each Policy
      Year which is a Premium Payment Year.

    

    5.03  ADDITIONAL
      EMPLOYER
      PREMIUM PAYMENTS.  For each of the last three (3) scheduled Premium
      Payment Years for a Participant, the Plan Administrator shall determine whether
      there will be any increased Employer premium payment with respect to a
      Participant's Policy. The Plan Administrator shall first determine whether
      the
      Participant's Policy is then projected to qualify as a Permanent Policy if
      the
      Total Policy Premium is paid each year for the remaining scheduled Premium
      Payment Years. If the Policy is projected to qualify as a Permanent Policy,
      no
      increased Employer Premium payment shall be required for such Premium Payment
      Year. If the projections indicate that the Policy will not qualify as a
      Permanent Policy, then the amount payable by the Employer under Section 5.02
      shall be increased by an amount which will result in the Policy qualifying
      as a
      Permanent Policy if such increased amount is paid for each remaining Premium
      Payment Year, but any such increase in Employer Premium shall be limited by
      the
      maximum premium amounts permissible for such Policy under Internal Revenue
      Code
      Sections 7702 and 7702A (or comparable successor sections) without forfeiting
      any of the favorable tax attributes associated with life insurance policies.
      The
      determination as to whether any increased amount is payable shall be made
      separately for each of the last three (3) Premium Payment Years. However, the
      Employer Premium payable under Section 5.02 shall not be reduced to an amount
      that is less than the amount which would have been payable by the Employer
      for a
      Premium Payment Year without regard to this Section 5.03.

    

    
      
        9

      

      
         

        
          

        

      

      
         

      

    

    Regardless
      of the type of coverage
      actually provided to a Participant, and notwithstanding any changes in the
      type
      of coverage provided to the Participant under Section 3.03, the increased
      Employer Premium payable under this Section 5.03 shall be the amount that would
      be payable if the Participant had elected Single Life Coverage and maintained
      such coverage for all Policy Years; also, if more than one type of Single Life
      Coverage Policy is available under the Plan, the Single Life Coverage Policy
      used to determine Total Policy Premium under Section 2.24 shall be used to
      make
      the determination under this Section 5.03. In the event tax law limits preclude
      the Employer from qualifying a Policy as a Permanent Policy by the end of the
      last scheduled Premium Payment Year, then the Employer's obligation to pay
      premiums under Section 5.02 and 5.03 (and make additional Employer payments
      under Section 5.04) shall be extended until projections indicate that the Policy
      qualifies as a Permanent Policy.

    

    5.04  ADDITIONAL
      EMPLOYER
      PAYMENTS.

    

    a.    If
      the
      payment of an Employer Premium under Section 5.02 (or any increased amount
      under
      Section 5.03) results in the recognition of income for tax purposes by the
      Participant in any year, the Employer shall pay to the Participant an amount
      determined by the Plan Administrator which is designed to approximate (1) the
      sum of the total federal and state income taxes and applicable payroll taxes
      which would be payable by the Participant at the highest marginal rate provided
      for under applicable federal income tax laws, and at the highest marginal rate
      provided for under applicable state income tax laws for the state of the
      Participant's tax domicile, on the income so recognized, plus (2) the total
      federal and state income taxes and applicable payroll taxes which would be
      payable by the Participant on the payment described in clause (1).

    

    b.    If
      the
      payment of any Employer Premium under Section 5.02 (or any increased amount
      under Section 5.03) on Survivorship Coverage after the death of the Employee
      results in the recognition of income for tax purposes by the Participant's
      spouse or other Policy Owner, the Employer shall pay to the Participant's spouse
      or other Policy Owner an amount determined by the Plan Administrator which
      is
      designed to approximate the total federal and state income taxes which would
      be
      payable by the Participant's spouse or other Policy Owner at the highest
      marginal rate provided for under applicable federal income tax laws, and at
      the
      highest marginal rate provided for under applicable state income tax laws for
      the state of the tax domicile of the Participant's spouse or other Policy Owner,
      attributable to such premium payment.

    

    
      
        10

      

      
         

        
          

        

      

      
         

      

    

    c.    For
      purposes of this Section 5.04, a tax shall be deemed payable or income shall
      be
      deemed recognized if either (i) it is finally determined by the Internal Revenue
      Service, or (ii) an opinion is given by the Employer's counsel, that the tax
      is
      payable.

    

    d.    Any
      payment
      made to a Participant or a Participant's spouse under this Section shall be
      made
      no later than April 1 of the year following the year to which the payment
      relates.

    

    e.    Any
      amount
      to be paid to a Participant, a Participant's spouse, or other Policy Owner
      under
      this Section, and the amounts payable, shall be conclusively determined by
      the
      Plan Administrator based on generally applicable tax rates and not based upon
      the unique tax situation of each Participant, Participant's spouse, or other
      Policy Owner.

    

    5.05  TERMINATION
      OF
      OBLIGATION TO PAY PREMIUMS.  Notwithstanding anything herein to the
      contrary, the Employer's obligation to pay premiums (including any increased
      amounts under Section 5.03) with respect to the Participant's Policy, shall
      terminate upon the first to occur of any of the following events:

    

    a.    Termination
      of employment of the Participant with the Employer prior to the Participant's
      death for reasons other than Retirement or Disability.

    

    b.    The
      written
      notice by the Employer to the Participant following a resolution by the Board
      of
      Directors of BellSouth Corporation to terminate this Plan.

    

    c.    As
      to
      Single Life Coverage only, the death of the Participant.

    

    d.    As
      to
      Survivorship Coverage only, the death of the last survivor of the Participant
      and the Participant's spouse.

    

    e.    The
      surrender or cancellation of the Participant's Policy, except that a Policy
      will
      not be considered surrendered or canceled if the surrender or cancellation
      is in
      connection with the replacement of the Policy with another Policy pursuant
      to
      the provisions of the Plan.

    

    f.    The
      withdrawal of any Policy cash values, or borrowing against the Policy cash
      values, by the Participant or other Policy Owner.

    

    g.    The
      reduction of the Participant's Policy death benefit to a level that is less
      than
      the initial Policy Coverage Amount, except that a conversion from Survivorship
      Coverage to Single Life Coverage shall not be considered a reduction in Policy
      death benefit for the purpose of this Section.

    

    
      
        11

      

      
         

        
          

        

      

      
         

      

    

    h.    The
      determination by the Plan Administrator that the Policy will qualify as a
      Permanent Policy with no further Employer Premium payments.

    

    6.    POLICY
      OWNERSHIP

    

    6.01  OWNERSHIP.  The
      Policy Owner shall be the sole and exclusive owner of a Participant's Policy
      and
      shall be entitled to exercise all of the rights of ownership.

    

    6.02  POSSESSION
      OF
      POLICY.  The Policy Owner shall keep possession of the
      Policy.

    

    7.    GOVERNING
      LAWS & NOTICES

    

    7.01  GOVERNING
      LAW.  This Plan shall be governed by and construed in accordance with
      the laws of the State of Georgia.

    

    7.02  NOTICES.  All
      notices hereunder shall be in writing and sent by first class mail with postage
      prepaid. Any notice to the Employer shall be addressed to BellSouth Corporation
      at its office at 1155 Peachtree Street, N.E., Atlanta, GA 30367-6000, ATTENTION:
      Human Resources - Director Executive Benefits. Any notice to the Employee shall
      be addressed to the Employee at the address for the Employee maintained in
      the
      Employer's records. Any party may change the address for such party herein
      set
      forth by giving notice of such change to the other parties pursuant to this
      Section.

    

    8.    NOT
      A CONTRACT OF EMPLOYMENT

    

    This
      Plan shall not be deemed to
      constitute a contract of employment between an Employee and the Employer or
      a
      Participant and the Employer, nor shall any provision restrict the right of
      the
      Employer to discharge an Employee or Participant, or restrict the right of
      an
      Employee or Participant to terminate employment.

    

    9.    AMENDMENT,
      TERMINATION, ADMINISTRATION, CONSTRUCTION ANDSUCCESSORS

    

    9.01  AMENDMENT.  The
      Board of Directors of BellSouth Corporation, or its delegate, shall have the
      right in its sole discretion, to amend the Plan in whole or in part at any
      time
      and from time to time. In addition, the Plan Administrator shall have the right,
      in its sole discretion, to amend the Plan at any time and from time to time
      so
      long as such amendment is not of a material nature. Notwithstanding the
      foregoing, no modification or amendment shall be effective so as to decrease
      any
      benefits of a Participant unless the Participant consents in writing to such
      modification or amendment. Written notice of any material modification or
      amendment shall be given promptly to each Participant.

    

    
      
        12

      

      
         

        
          

        

      

      
         

      

    

    9.02  TERMINATION.  The
      Board of Directors of BellSouth Corporation may terminate the Plan without
      the
      consent of the Participants or Employees.

    

    9.03  SUCCESSORS.  The
      terms and conditions of this Plan shall enure to the benefit of and bind the
      Employer, the Participant, their successors, assignees, and representatives.
      If,
      subsequent to the Effective Date of the Plan, substantially all of the stock
      or
      assets of the Employer are acquired by another corporation or entity or if
      the
      Employer is merged into, or consolidated with, another corporation or entity,
      then the obligations created hereunder shall be obligations of the acquirer
      or
      successor corporation or entity.

    

    10.    PLAN
      ADMINISTRATION

    

    10.01
      INDIVIDUAL
      ADMINISTRATOR.  If the Plan Administrator is an individual, he shall
      act and record his actions in writing. Any matter concerning specifically such
      individual's own benefit or rights hereunder shall be determined by the Board
      of
      Directors of BellSouth Corporation or its delegate.

    

    10.02
      ADMINISTRATIVE
      COMMITTEE.  If the Plan Administrator is a committee, or if any of the
      duties or responsibilities of the Plan Administrator are vested in a committee,
      action of the Plan Administrator may be taken with or without a meeting of
      committee members; provided, action shall be taken only upon the vote or other
      affirmative expression of a majority of the committee members qualified to
      vote
      with respect to such action. If a member of the committee is a Participant,
      he
      or she shall not participate in any decision which solely affects his or her
      own
      benefit under the Plan.  For purposes of administering the Plan, the
      Plan Administrator shall choose a secretary who shall keep minutes of the
      committee's proceedings and all records and documents pertaining to the
      administration of the Plan. The secretary may execute any certificate or other
      written direction on behalf of the Plan Administrator.

    

    10.03
      RIGHTS AND DUTIES OF THE PLAN
      ADMINISTRATOR.  The Plan Administrator shall administer the Plan and
      shall have all powers necessary to accomplish that purpose, including (but
      not
      limited to) the following:

    

    a.    to
      construe, interpret and administer the Plan;

    

    b.    to
      make
      determinations required by the Plan, and to maintain records regarding
      Participants' benefits hereunder;

    

    c.    to
      compute
      and certify the amount and kinds of benefits payable to Participants, and to
      determine the time and manner in which such benefits are to be
      paid;

    

    d.    to
      authorize all disbursements pursuant to the Plan;

    

    e.    to
      maintain
      all the necessary records of the administration of the Plan;

    

    
      
        13

      

      
         

        
          

        

      

      
         

      

    

    f.    to
      make and
      publish such rules and procedures for the regulation of the Plan as are not
      inconsistent with the terms hereof;

    

    g.    to
      designate to other individuals or entities from time to time the performance
      of
      any of its duties or responsibilities hereunder; and

    

    h.    to
      hire
      agents, accountants, actuaries, consultants and legal counsel to assist in
      operating and administering the Plan.

    

    The
      Plan Administrator shall have the
      exclusive right to construe and interpret the Plan, to decide all questions
      of
      eligibility for benefits and to determine the amount of benefits, and its
      decisions on such matters shall be final and conclusive on all
      parties.

    

    10.04
      BOND;
      COMPENSATION.  The Plan Administrator and (if applicable) its members
      shall serve as such without bond and without compensation for services
      hereunder.

    

    11.   CLAIMS
      PROCEDURE

    

    11.01
      NAMED FIDUCIARY.  The
      Plan Administrator is hereby designated as the named fiduciary under this
      Plan.

    

    11.02
      CLAIMS
      PROCEDURES.  Any controversy or claim arising out of or relating to
      this Plan shall be filed with the Plan Administrator which shall make all
      determinations concerning such claim. Any decision by the Plan Administrator
      denying such claim shall be in writing and shall be delivered to all parties
      in
      interest in accordance with the notice provisions of Section 7.02 hereof. Such
      decision shall set forth the reasons for denial in plain
      language.  Pertinent provisions of the Plan shall be cited and, where
      appropriate, an explanation as to how the Employee can perfect the claim will
      be
      provided. This notice of denial of benefits will be provided within 90 days
      of
      the Plan Administrator's receipt of the Employee's claim for benefits. If the
      Plan Administrator fails to notify the Employee of its decision regarding the
      claim, the claim shall be considered denied, and the Employee shall then be
      permitted to proceed with the appeal as provided in this Section.

    

    An
      Employee who has been completely
      or partially denied a benefit shall be entitled to appeal this denial of his/her
      claim by filing a written statement of his/her position with the Plan
      Administrator no later than sixty (60) days after receipt of the written
      notification of such claim denial. The Plan Administrator shall schedule an
      opportunity for a full and fair review of the issue within thirty (30) days
      of
      receipt of the appeal. The decision on review shall set forth specific reasons
      for the decision, and shall cite specific references to the pertinent Plan
      provisions on which the decision is based.  Following the review of
      any additional information submitted by the Employee, either through the hearing
      process or otherwise, the Plan Administrator shall render a decision on the
      review of the denied claim in the following manner:

    

    
      
        14

      

      
         

        
          

        

      

      
         

      

    

    a.    The
      Plan
      Administrator shall make its decision regarding the merits of the denied claim
      within sixty (60) days following receipt of the request for review (or within
      120 days after such receipt, in a case where there are special circumstances
      requiring extension of time for reviewing the appealed claim).  The
      Plan Administrator shall deliver the decision to the claimant in writing. If
      an
      extension of time for reviewing the appealed claim is required because of
      special circumstances, written notice of the extension shall be furnished to
      the
      Employee prior to the commencement of the extension. If the decision on review
      is not furnished within the prescribed time, the claim shall be deemed denied
      on
      review.

    

    b.    The
      decision on review shall set forth specific reasons for the decision, and shall
      cite specific references to the pertinent Plan provisions on which the decision
      is based.

    

     

    15

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