Document:

ex10eeei.htm

    

     

    Exhibit
10-eee(i)

     

    

     

    

     

    FIRST AMENDMENT

     

    TO THE

     

    BELLSOUTH NONQUALIFIED DEFERRED
INCOME PLAN

     

    THIS
FIRST AMENDMENT to the BellSouth Nonqualified Deferred Income Plan (the "Plan'),
is made effective as of January 1, 2006;

     

    WITNESSETH:

     

    WHEREAS,
BellSouth Corporation established the Plan on September 1, 1985;

     

    WHEREAS,
the Plan was most recently amended and restated effective as of January 1, 1999;
and

     

    WHEREAS,
Article 2 of the Plan provides that the Plan may be amended by the Chief
Executive Officer of BellSouth Corporation;

     

    
      NOW,
THEREFORE, the Plan is hereby amended as follows:

       

      1.

       

      Article 5
of the Plan is amended by adding, following Section 5.5, a new Section 5.5A
which shall read as follows:

    

     

    5.5A   Termination of Employment
Under TPPS: Prior to Retirement or Disability. If a Participant
terminates employment with his or her Employer under the BellSouth Corporation
Transition Payment Plan for Senior Management: Voluntary ("TPPS:V") during
calendar year 2006, prior to death, Disability or Retirement, the Participant
shall be permitted to make a new payment election with respect to the
Participant's Plan benefits to have his or her benefits paid as if the
Participant's termination of employment constituted a Retirement for all
purposes of the Plan. Each Participant who elects to participate in TPPS:V, and
who terminates employment under the provisions of TPPS:V and satisfies all
requirements of TPPS:V, will be deemed to have made this new payment election
with respect to his or her NQDIP benefits. Notwithstanding anything to the
contrary in this Plan, the new payment election described above shall in no
event change payment elections with respect to benefits that otherwise would
have been paid in 2006, or to cause payments to be made in 2006. No new payment
election may be made pursuant to this Section 5.5A after December 31,
2006.

     

    

     

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

     

    

     

    

     

                                                  By:  __________________________

     

                                                         Chairman
of the Board and

     

                                                         Chief
Executive Officerex10fff.htm

    Exhibit 10-fff

      

      AT&T
Mobility 2005 Cash Deferral Plan

      

      Effective
:  January 1, 2005

      

      

      Article
1 – History; Statement of Purpose

      

      In 2001,
Cingular Wireless adopted the Cingular Wireless Cash Deferral Plan (the “Prior
Plan”).  Following the enactment of the American Jobs Creation Act of
2004, Cingular Wireless froze the Prior Plan, effective December 31,
2004.  Following that date, no additional deferrals were permitted
under the Prior Plan.  Participant accounts in the Prior Plan as of
December 31, 2004 continue to be credited with interest pursuant to Section 4.3
of the Prior Plan and remain subject to all provisions of the Prior Plan and
elections made by Participants under such Prior Plan.

      

      Cingular
Wireless (now AT&T Mobility) created a new plan to govern and hold cash
deferrals, company match contributions, company contributions (and associated
earnings) made by or for Eligible Employees on or after January 1,
2005.  The new plan, entitled the AT&T Mobility 2005 Cash Deferral
Plan (the “Plan”), is effective January 1, 2005 and its terms are set forth
herein in this document.  The Plan is intended to comply with the
provisions of 409A of the Code and the applicable guidance
thereunder.

      

      No
Participant Contributions or Matching Contributions with respect to Base Salary,
Bonus Awards or Long-Term Incentive Awards shall be made to or permitted under
the Plan after 2008.  Participant Contribution Accounts as of December
31, 2008 shall continue to be credited with interest pursuant to Section 4.3 and
shall remain subject to the provisions of the Plan, as it may be amended from
time to time.

      

      The
purpose of the Plan is to provide a select group of management employees of
AT&T Mobility LLC (“AMLLC”) and affiliate companies that participate in the
Plan with an opportunity (i) to defer the receipt and income taxation of a
portion of such individual’s compensation; and (ii) to receive an investment
return on those deferred amounts.

      

      Article
2 - Definitions

      

      For the
purposes of this Plan, the following words and phrases shall have the meanings
indicated, unless the context indicates otherwise:

      

      Administrator.  The
Board or Committee, if such Committee is appointed, as determined by the
Board.  The Board/Committee may delegate administrative authority to
the Chief Executive Officer, the senior Human Resources division officer or
another individual.  Provided, however, effective on and after January
18, 2007, the Administrator shall be the Senior Executive Vice President – Human
Resources of AT&T Inc. or his delegate(s).  The Administrator may
select an outside third party as the recordkeeper of the Plan.

      

      Affiliate.  Any
corporation, partnership, venture or other entity in which AT&T Mobility or
AMLLC holds, directly or indirectly, a 10% or greater ownership
interest.  The Administrator may, in its sole discretion, designate
any other corporation, partnership, venture or other entity an Affiliate for the
purpose of allowing it to participate in the Plan.

      

      AMLLC.  AT&T
Mobility LLC, a Delaware limited liability company, of which AT&T Mobility
is the manager.

      

      AT&T Mobility. AT&T
Mobility Corporation.

      

      Base Salary.  The
annual base salary, as determined by the Administrator, paid by an Employer,
before reduction due to any contribution pursuant to this Plan or reduction
pursuant to any deferral plan of an Employer, including but not limited to a
plan that includes a qualified cash or deferred arrangement under Section 401(k)
of the Code.

      

      Base Salary does not include zone
allowances or any other geographical differential and shall not include payments
made in lieu of unused vacation or other paid days off, and such payments shall
not be deemed to be contributed to this Plan.

      

      Board.  The Board of
Directors of AT&T Mobility.

      

      Bonus Award.  An
incentive award based on an assessment of performance, payable by the Employer
to a Participant with respect to the Participant’s services during a given
fiscal year of the Employer.  For purposes of the Plan, “Bonus Award”
shall not include incentive awards which relate to a period exceeding one (1)
fiscal year.

      

      Code.  The Internal
Revenue Code of 1986, as amended.

      

      Committee.  The
Compensation Committee of the Board of Directors of AT&T Mobility, if such
committee is appointed, or other committee with responsibility for oversight of
the compensation and benefit programs.

      

      Contribution Account. The
accounting entry as to each Participant showing the amount of such Participant’s
Contributions, interest credits and Matching Contributions credited to such
account.

      

      Eligible
Employee.  An Employee who:

      

      (a) is a full time, salaried Employee
who is on active duty or Leave of Absence,

      

      (b) is, as determined by the
Administrator, a member of the Employer's "select group of management or highly
compensated employees" such that the Plan will qualify for treatment as a “Top
Hat” plan within the meaning of ERISA,

      

      (c) has an employment status which has
been approved by the Administrator to be eligible to participate in this Plan
and

      

      (d) has been notified in writing by the
Administrator that he is eligible to participate in the Plan.

      

      Notwithstanding
the foregoing, the Administrator may, from time to time, exclude any Employee or
group of Employees from being deemed an "Eligible Employee" under this
Plan.

      

      In the
event a court or other governmental authority determines that an individual was
improperly excluded from the class of persons who would be considered Eligible
Employees during a particular time for any reason, that individual shall not be
an Eligible Employee for purposes of the Plan for the period of time prior to
such determination.

      

                 Employee.  Any
person classified as an “employee” according to the payroll and personnel
records of an Employer, excluding persons hired for a fixed maximum term and
excluding persons who are neither citizens nor permanent residents of the United
States, all as determined by the Administrator. Individuals classified
as leased employees or independent contractors according to an Employer’s
payroll and personnel records shall not be eligible to
participate.  For purposes of this Plan, a person on Leave of Absence
who otherwise would be an Employee shall be deemed to be an
Employee.

      

      Employer.  AMLLC or
any Affiliates that adopt the Plan with the consent of the Chief Executive
Officer.

      

      ERISA.  The Employee
Retirement Income Security Act of 1974, as amended.

      

      Executive.  An
Employee who is in a position that is eligible to participate in the Employer’s
Executive Compensation Programs as determined by the Administrator.

      

      Leave of
Absence.  Where a person is absent from employment with an
Employer on a formally granted leave of absence (i.e., the absence is with
formal permission in order to prevent a break in the continuity of term of
employment, which permission is granted (and not revoked) in conformity with the
rules of the Employer which employs the individual, as adopted from time to
time).  For purposes of this Plan, a Leave of Absence shall be deemed
to also include a transfer of an individual to an entity that is not an
Affiliate by an Employer for a rotational work assignment.

      

      Long-Term Incentive Award. An
incentive award, based on an assessment of performance over a period greater
than one (1) year, payable by the Employer to a Participant.

      

      Matching
Contributions.  The contributions credited to a Participant’s
Contribution Account pursuant to Section 4.4.

      

      Participant.  An
Eligible Employee or former Eligible Employee who participates in the
Plan.

      

      Participant
Contributions.  The amounts Eligible Employees are deemed to
contribute, by deferring amounts otherwise payable to them, pursuant to Sections
4 of the Plan.

      

      Plan.  AT&T
Mobility 2005 Cash Deferral Plan.

      

      Retirement or
Retire.  The Termination of Employment for reasons other than
death, on or after the date on which the Employee is first eligible, upon
terminating employment, for retiree health coverage in accordance with the terms
of the Employer’s health plan.

      

      Specified
Employee.  A Participant who is a “specified employee,” within
the meaning of Section 409A(2)(B)(i) of the Code, as determined under the
AT&T Inc. compensation guidelines and provisions.

      

      Termination of Employment.
References herein to “Termination of Employment,” "Terminate Employment" or a
similar reference, shall mean the event where the Employee ceases to be an
Employee of any Employer.

      

      

      Article
3 - Administration of the Plan

      

      
        	
                3.1  

              	
                The
      Administrator.

              

      

      

      The
Administrator will administer the Plan, interpret, construe and apply its
provisions in accordance with its terms.  The Administrator may
further establish, adopt or revise such rules and regulations as such person may
deem necessary or advisable for the administration of the
Plan.   References to determinations or other actions by the
Administrator, herein, shall mean actions authorized by such person or his
respective successors or duly authorized delegates, in each case in the
discretion of such person.  All decisions by the Administrator shall
be final and binding.

      

      
        	
                3.2  

              	
                Claims
      Procedure.

              

      

      

      If a
request for benefits by a Participant or beneficiary is wholly or partially
denied, the Administrator will provide such claimant written notice setting
forth the denial.  A review procedure is available upon written
request by the claimant to the Administrator within 90 days after the date of
the Administrator’s written notice of the denial of the claim, and includes the
right to examine pertinent documents and submit issues and comments in writing
to the Administrator.  The decision on review will be made within 90
days after receipt of the request for review, unless circumstances warrant an
extension of time not to exceed an additional 90 days, and shall be in
writing.  If a decision on review is not made within such period, the
Participant’s claims shall be deemed denied.

      

      
        	
                3.3  

              	
                Decisions
      Binding.

              

      

      

      The
Administrator shall have the sole and exclusive discretion to administer,
construe and interpret the Plan and make all determinations hereunder, including
any determinations on review of a denied claim.  All determinations
and decisions of the Administrator, including but not limited to factual
determinations and questions of construction and interpretation, shall be final,
conclusive and binding on all parties and shall be subject to the fullest
discretion afforded by law.

      

      

      Article
4 - Contributions

      

      
        	
                4.1  

              	
                Employee Election to Make
      Contributions.

              

      

      

      
        	
                (a)  

              	
                Each
      year, an Eligible Employee may make an election to make Participant
      Contributions with respect to Base Salary paid during the immediately
      following calendar year.  No elections with respect to Base
      Salary shall be permitted after 2007.  As permitted by the
      Administrator, an Eligible Employee may also make an election to make
      Participant Contributions with respect to Bonus Awards; provided, however,
      the election with respect to such awards must be made by the Participant
      prior to the year preceding the year in which such awards are regularly
      scheduled to be paid.  No elections with respect to Bonus Awards
      shall be permitted after 2006.  The enrollment period for making
      such elections shall be established by the Administrator.  Any
      such election is irrevocable.

              

      

      

      
        	
                (b)  

              	
                An
      Eligible Employee may elect to contribute from 6% to 30% (in whole
      percentage increments) of Base Salary and Bonus Awards (in either one or
      separate elections as determined by the Administrator), as the same may
      change from time to time, and such Participant Contributions shall be
      credited to his/her Contribution
Account.

              

      

      

      
        	
                (c)  

              	
                An
      Eligible Employee who is an Executive may elect to contribute up to an
      additional 20% (in whole percentage increments) of Base Salary and/or up
      to an additional 45% of Bonus Awards, as the same may change from time to
      time, and such Participant Contributions shall be credited to his/her
      Contribution Account.

              

      

      

      
        	
                (d)  

              	
                An
      Eligible Employee who is an Executive may elect to contribute up to 75%
      (in whole percentage increments) of any Long-Term Incentive Award paid by
      AT&T Mobility, as the same may change from time to time, and such
      Participant Contributions shall be credited to his/her Contribution
      Account.  Elections with respect to Long-Term Incentive Awards
      must be made by the Participant prior to the year preceding the year in
      which such Award is regularly scheduled to be paid.  No
      elections under this subsection (d) shall be permitted after
      2006.

              

      

      

      
        	
                4.2  

              	
                Duration
      and Crediting of Participant
Contributions.

              

      

      

      
        	
                (a)  

              	
                Participant
      Contributions (as well as any corresponding Matching Contributions) shall
      be made solely pursuant to a proper election and only during the
      Participant’s lifetime and while the Participant remains an Eligible
      Employee (if the Participant ceases to be an Eligible Employee, his or her
      election to make Employee Contributions shall be cancelled); provided,
      however, Termination of Employment of an Eligible Employee shall not
      constitute loss of eligibility solely with respect to contribution
      of  Base Salary or Bonus Awards earned prior to termination but
      paid within 60 days thereafter or with respect to a Bonus or Long-Term
      Incentive Award paid after Retirement (and such person shall be deemed an
      Eligible Employee for such
contributions).

              

      

      

      
        	
                (b)  

              	
                Participant
      Contributions shall be credited to a Contribution Account when the
      compensation would have otherwise actually been paid were it not for an
      election under this Plan. A contribution from any eligible payment that is
      delayed for any reason shall be credited when the delayed payment is
      made.

              

      

      

         4.3   Crediting of
Interest.

      

      Interest
is to be credited to the Participant’s Contribution Account pursuant to the
provisions of this Section 4.3 and the procedures adopted by the Administrator
for crediting interest.    The annual interest rate for each
calendar year shall be a reasonable rate of interest as determined by the Vice
President and Treasurer with the concurrence of the Chief Financial
Officer.  However, in no event will the interest rate for any calendar
year be less than the Moody’s Corporate Bond Yield Average as published by
Moody’s Investor Services, Inc. (or any successor thereto) for the month ending
two months prior to the month in which Eligible Employees make their annual
deferral elections under the Plan.  Effective January 1, 2009, the
interest rate shall equal the Moody’s Long-Term Corporate Bond Yield Average for
the month of September preceding the calendar year during which the interest
rate will apply or such other interest rate determined by the
Administrator.

      

           
4.4     Matching
Contributions.

      

      When an
Eligible Employee makes a Participant Contribution, his/her Contribution Account
shall be credited with an amount found by multiplying the matching contribution
rate provided in the Cingular Wireless 401(k) plan, including any special
transition rates, by:

      

      
        	
                (a)  

              	
                6%
      (or such other percentage as approved by the Committee) of the Participant
      Contributions;  plus,

              

      

      

      
        	
                (b)  

              	
                6%
      of any eligible compensation, excluding the Participant Contribution, that
      is in excess of the Code Section 401(a)(17)
  limits.

              

      

      

      Compensation
paid in the form of a Long-Term Incentive Award is not eligible for Matching
Contributions.

      

      
        	
                4.5  

              	
                Freeze
      of Plan.

              

      

      

      No
Participant Contributions or Matching Contributions with respect to Base Salary,
Bonus Awards or Long-Term Incentive Awards shall be made to or permitted under
the Plan after 2008.  Participant Contribution Accounts as of December
31, 2008 shall continue to be credited with interest pursuant to Section 4.3 and
shall remain subject to the provisions of the Plan, as it may be amended from
time to time.

      

      

      Article
5  - RESERVED–

      

      Article
6 - Distributions

      

      6.1           Employee
Elections.

      

      Eligible
Employees shall designate the time for a distribution and form of payment from
their Participant Contribution Accounts at the same time contribution elections
are made in Article 4.  Eligible Employees may elect to receive a
distribution: (a) following Termination of Employment or (b) prior to
Termination of Employment.

      

      (a) Employee Elections to
Receive Distributions from Participant Accounts Following Termination of
Employment.

      

      Participants
may elect, during the applicable enrollment period under Article 4, to receive a
distribution from their account following their Termination of
Employment.  Participants, who are eligible for Retirement at the time
of their Termination of Employment, may elect, during the applicable enrollment
period under Article 4, to receive their distributions in 1 to 10 payments
beginning in March of the year following Termination of Employment.

      

      Participants,
who are not eligible for Retirement at the time of Termination of Employment,
may elect, during the applicable enrollment period under Article 4, to receive
their distributions in 1 to 3 payments beginning in March of the year following
Termination of Employment.

      

      If
Participants do not have a valid election on file, distributions will be made in
a single lump sum payment.

      

      (b)           Employee Elections to
Receive Distributions from Participant Contribution Accounts Prior to
Termination of Employment.

      

      In lieu
of an election to receive a distribution at Termination of Employment, Eligible
Employees may elect, during the applicable enrollment period under Article 4, to
receive a distribution from their Contribution Accounts prior to Termination of
Employment.  Such election must be made during the applicable
enrollment period determined by Article 4.  Eligible Employees may
elect to receive an “in-service” distribution according to the following
guidelines:

      

      Participants
may elect to receive an in-service distribution in any year of an 8 year period
beginning in the third year following the year of the deferrals.  For
example, for deferrals in 2005, in-service distributions can be elected in 2008
through 2015.

      

      All
in-service distributions will be paid in March of the year of the requested
distribution.  The total value, consisting of Participant and Company
Match Contributions plus accrued interest as of March 1 (the Valuation Date)
related to the specific deferral, will be paid in a single payment.

      

      Notwithstanding
any of the provisions of this paragraph 6.2, if a Participant incurs a
Termination of Employment in a year prior to the year of a scheduled in-service
distribution, the value of the Employee’s Contribution Account will be
distributed in accordance with the guidelines for a distribution at Termination
of Employment.

      

      

      6.2            Distributions from Participant
Accounts.

       

             
(a) Notwithstanding
any elections made by a Participant, but subject to the provisions of (b)
through (e) below and the last paragraph of Section 6.1(b) of the Plan, a
Participant’s account shall be distributed following the first to occur of the
following events (and no sooner):

      

      (i)           The
Participant’s Termination of Employment;

      (ii)           The
date of the Participant’s death; or

      (iii)           The
date specified in an election made pursuant to Section 6.1(b).

      

      (b) All
distributions will be based on the value of the Employee’s Contribution Account
as of March 1 of the year of the distribution.  Generally,
Participants shall receive distribution payments within 30 workdays following
the applicable March 1.

      

      (c) Multi-year
distributions will be based on the Value of the Employee’s Contribution Account
as of March 1 of each year.  Distributions are to be equal to the
Participant’s Contribution Account balance divided by the number of remaining
distributions.

      

      (d) Notwithstanding
the provisions of (a) or (b) above or any provision in the Plan, if the Value of
the Employee’s Contribution Account is (1) less than $50,000 as of March 1 of
the year of the initial distribution payment, the number of multi-year payments
can not exceed three, or (2) less than $10,000 of the year of the initial
distribution, the total Contribution Account balance will be paid in a single
payment.

      

      (e) All
distributions are subject to Section 6.6 of the Plan.

      

      6.3           Revoked or Amended
Elections.

      

      A
Participant, who has previously elected to receive a distribution prior to
Termination of Employment pursuant to Section 6.1(b), may revoke such election
during the time period specified by the Administrator.  Generally, the
period for revoking such elections will be a period that occurs prior to the
year preceding the year of the distribution.  If an election to
receive a distribution prior to Termination of Employment is revoked, the value
of the distribution will remain in the Employee’s Contribution Account and will
be distributed following the later of (i) Termination of Employment or (ii) the
date which is five (5) years from the date such payment would have been made had
such election not been revoked by the Participant, and no further changes may be
elected at any time.

      

      A
Participant, who has elected to receive a distribution at Termination of
Employment pursuant to Section 6.1(a), may amend that election to increase the
number of distribution payments to be received following a Termination of
Employment. Provided, however, the first distribution shall not occur until the
date which is five (5) years from the date such distributions would have
commenced had such election not been changed by the Participant.  To
be valid, a revised election must be submitted during the time period
established by the Administrator which shall occur prior to the year preceding
the year the distribution was originally scheduled to occur.  No
election to decrease the number of payments or accelerate the time for payments
will be permitted by a Participant under any circumstances.

      

      6.4           Designation
of Beneficiary; Distributions at Death.

      

      Each
Participant may designate a beneficiary or beneficiaries (who may be named
contingently or successively) who, upon the Participant’s death, will receive
the amounts that otherwise would have been paid to the Participant under the
Plan.  All designations shall be signed by the Participant, and shall
be in such form as prescribed by the Administrator.  Each designation
shall be effective as of the date received from the Participant.

      

      Participants
may change their designations of beneficiary on a form prescribed by the
Administrator.  The payment of amounts deferred under the Plan shall
be in accordance with the last unrevoked written designation of beneficiary that
has been signed by the Participant and delivered by the Participant to the
Administrator or a designated third party.

      

      In the
event that all the beneficiaries named by a Participant pursuant to this Section
6.4 predecease the Participant, the deferred amounts that would have been paid
to the Participant or the Participant’s beneficiaries shall be paid to the
Participant’s estate.

      

      In the
event a Participant does not designate a beneficiary, or for any reason such
designation is ineffective, in whole or in part, the amounts that otherwise
would have been paid to the Participant or the Participant’s beneficiaries under
the Plan shall be paid to the Participant’s estate.

      

      In the
event of death, payments shall commence beginning in March of the year following
the date of the Participant’s death.  The Participant’s Contribution
Account will be paid in 1 to 10 payments, as specified by the Participant on the
Beneficiary Designation Form, subject to the rules contained in Section 6.2(b),
(c) or (d).  If no Beneficiary Designation Form is on file, payments
will be made in a single lump sum payment.

      

      
        	
                6.5

              	
                Distribution
      Process.

              

      

      

      As to a
Participant’s  deferrals of cash compensation, the payment of which
would have been deductible by an Employer under Section 162(m) of the Code,
regardless of the size of the cash compensation, shall be deemed to be
distributed first.

      

      6.6           Payments
to Specified Employees Following Termination of Employment

      

      Notwithstanding
any provision of this Plan to the contrary, effective on or after December 29,
2006, payments to Participants following a Termination of Employment who are
Specified Employees as of their Termination of Employment shall not be made
before the date which is 6 months after the Participant’s Termination of
Employment (or, if earlier, the date of the Participant’s death).

      

      

      Article 7 - Discontinuation,
Termination, Amendment.

      

      AMLLC
hereby reserves the right to amend, modify or terminate the Plan at any time by
action of the Board of Directors.  Notwithstanding the foregoing, the
Senior Vice President of Human Resources may make ministerial amendments to the
plan to conform the plan to the intent of the Administrator.

      

      The Plan
is intended to be an unfunded plan maintained primarily to provide deferred
compensation benefits for a select group of “management or highly compensated”
within the meaning of Sections 201, 301 and 401 of ERISA, and therefore be
exempt from the provisions of Parts 2, 3 and 4 of Title I of
ERISA.  Accordingly, the Board may terminate the Plan and commence
termination payout for all or certain Participants, or remove certain employees
as Participants, if it is determined by the United States Department of Labor or
a court of competent jurisdiction that the Plan constitutes an employee pension
benefit plan within the meaning of Section 3(2) of ERISA which is not so
exempt.  If payout is commenced pursuant to the operation of this
Article 7, the payment of such amounts shall be made in a lump sum regardless of
the manner selected by each Participant under Article 6 herein as
applicable.

      

      

      Article
8 - Miscellaneous

      

      
        	
                8.1  

              	
                Tax
      Withholding.

              

      

      

      Upon
distribution the Administrator shall withhold amounts required to satisfy
the  Federal, state, and local taxes required by law to be withheld as
a result of such distribution.

      

      8.2           Elections and
Notices.

      

      Notwithstanding
anything to the contrary contained in this Plan, all elections and notices of
every kind shall be made on forms prepared by the Administrator or made in such
other manner as permitted or required by the Administrator, including through
electronic means, over the Internet or otherwise.  An election shall
be deemed made when received by the Administrator, which may waive any defects
in form.  Unless made irrevocable by the electing person, each
election with regard to making Participant contributions or distributions shall
become irrevocable at the close of business on the last day to make such
election. The Administrator may limit the time an election may be made in
advance of any deadline.

      

      Any
notice or filing required or permitted to be given to AMLLC under the Plan shall
be delivered to the principal office of AMLLC, directed to the attention of the
Senior Executive Vice President-Human Resources of AMLLC or his or her
successor.  Such notice shall be deemed given on the date of
delivery.

      

      Notice to
the Participant shall be deemed given when mailed (or sent by telecopy) to the
Participant's work or home address as shown on the records of AMLLC or, at the
option of the Administrator, to the Participant's e-mail address as shown on the
records of AMLLC.   It is the Participant's responsibility to
ensure that the Participant's addresses are kept up to date on the records of
AMLLC. In the case of notices affecting multiple Participants, the notices may
be given by general distribution at the Participants’ work
locations.

      

      8.3           Rights of Participants; Unsecured
General Creditor.

      

      The Plan
shall create a contractual obligation on the part of AMLLC to make payments from
the Participant’s accounts when due.  Payment of account balances
shall be made out of the general funds of the AMLLC.

      Participants
and their beneficiaries, heirs, successors, and assigns shall have no legal or
equitable rights, interest, or claims in any property or assets of any
Employer.  No assets of any Employer shall be held under any trust for
the benefit of Participants, their beneficiaries, heirs, successors, or assigns,
or held in any way as collateral security for the fulfilling of the obligations
of any Employer under this Plan.  Any and all of each Employer's
assets shall be, and remain, the general, unpledged, unrestricted assets of such
Employer.  The only obligation of an Employer under the Plan shall be
merely that of an unfunded and unsecured promise of AMLLC to distribute amounts
deferred and interest theron under the Plan.

      

      AMLLC may
establish one or more trusts, with such trustee(s) as the Administrator may
approve, for the purpose of providing for the payment of deferred
amounts.  Any such trust created by the AMLLC will conform to the
terms of the model trust approved by the Internal Revenue Service pursuant to
Revenue Procedure 92-64, or any amendment thereof or successor to the claims of
the AMLLC’s general creditors.  To the extent any deferred amounts
under the Plan are actually paid from any trust, the AMLLC shall have no further
obligation with respect thereto, but to the extent not so paid, such deferred
amounts shall remain the obligation of, and shall be paid by,
AMLLC.

      

      8.4           Offset.

      

      The
Administrator may offset against the Contribution Account otherwise
distributable to a Participant, any amounts due an Employer by a Participant,
including but not limited to overpayments under any compensation or benefit
plans.

      

      8.5           Non-Assignability.

      

      Neither a
Participant nor any other person shall have any right to commute, sell, assign,
transfer, pledge, anticipate, mortgage, or otherwise encumber, transfer,
hypothecate or convey in advance of actual receipt  of such amounts
under the Plan, if any, or any part thereof, which are, and all rights to which
are, expressly declared to be unassignable and non-transferable.  No
part of the Participant’s Contribution Account, prior to actual distribution, be
subject to seizure or sequestration for the payment of any debts, judgments,
alimony or separate maintenance owed by a Participant or any other person, nor
be transferable by operation of law in the event of a Participant's or any other
person's bankruptcy or insolvency.

      

      8.6           Employment Not
Guaranteed.

      

      Nothing
contained in this Plan nor any action taken hereunder shall be construed as a
contract of employment or as giving any employee any right to be retained in the
employ of an Employer.

      

      8.7           Errors.

      

      At any
time the Administrator may correct any error made under the Plan without
prejudice to AMLLC, AT&T Mobility or any Affiliates.  Such
corrections may include, among other things, refunding contributions to a
Participant with respect to any period he or she made Participant Contributions
while not an Eligible Employee, or canceling the enrollment of a non-Eligible
Employee.

      

      
        	
                8.8

              	
                Captions.

              

      

      

      The
captions of the articles, sections, and paragraphs of this Plan are for
convenience only and shall not control nor affect the meaning or construction of
any of its provisions.

      

      8.9           Governing Law.

      

      To the
extent not preempted by ERISA, this Plan shall be governed by and construed in
accordance with the substantive laws of the State of Texas, excluding any
conflicts or choice of law rule or principle that might otherwise refer
constructive or interpretation of this Plan to provisions of the substantive law
of any jurisdiction other than the State of Texas. Any action seeking to enforce
the rights of an employee, former employee or person who holds such rights
through, from or on behalf of such employee or former employee under this Plan
may be brought only in a Federal or state court located in Bexar County,
Texas.

      

      8.10           Validity.

      

      In the
event any provision of this Plan is held invalid, void, or unenforceable, the
same shall not affect, in any respect whatsoever, the validity of any other
provision of this Plan.

      

      8.11           Successors and
Assigns.

      

      This Plan
shall be binding upon AMLLC and Affiliates that have adopted the Plan, and their
successors and assigns.

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