Document:

ex10jjj.htm

    Exhibit
10-jjj

    

    

    

    

    

    

    

    

    

    

    

    

    AT&T EXCESS BENEFIT AND
COMPENSATION PLAN

    

    AT&T
Corp.

    and

    Such of
its Subsidiary Companies which are

    Participating
Companies

    

    Effective
October 1, 1996

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ADMINISTRATION
OF THE PLAN

    

    AT&T
EXCESS BENEFIT AND COMPENSATION PLAN

    

    AMENDED
and RESTATED effective October 1, 1996

    

    

    Article 1
– Background and Purpose

    

    The AT&T Excess Benefit Plan was
established to provide eligible management and occupational employees of
AT&T Corp. (formerly American Telephone and Telegraph Company) ("AT&T")
and its subsidiaries that became Participating Companies with certain benefits
which would have been payable under the AT&T Management Pension Plan or the
AT&T Pension Plan, respectively, but for the limitations placed on benefits
payable under the AT&T Management Pension Plan or the AT&T Pension Plan
by section 415 of the Internal Revenue Code of 1986, as amended (and its
predecessor, the Internal Revenue Code of 1954, as amended)
("Code").  Effective January 1, 1989, AT&T established an
additional plan to provide eligible management employees with certain benefits
which would have been payable under the AT&T Management Pension Plan but for
the limitations placed on eligible compensation by Code Section
401(a)(17).  The aforementioned plans are intended to encompass those
plans identified in AT&T's December 28, 1992 filing with the Pension and
Welfare Benefits Administration ("PWBA") in response to the PWBA's September 21,
1992 Notice (Extension of Grace Period for Assessment of Civil Penalties for
Failure to File Timely Annual Return Reports; Top Hat Plans and Pre-Grace Period
Late Filers).  These plans are amended and restated, effective January
1, 1994, and shall hereinafter be referred to collectively as the "AT&T
Excess Benefit and Compensation Plan" or "Plan."

    

    The Plan is intended to constitute an
unfunded "excess benefit plan" as defined in section 3(36) of the Employee
Retirement Income Security Act of 1974, as amended ("ERISA"), to the extent it
provides benefits that would be paid under the AT&T Management Pension Plan
or the AT&T Pension Plan but for the limitations imposed by Code Section
415, and an "unfunded plan of deferred compensation for a select group of
management or highly compensated employees" for purposes of Title I of ERISA, to
the extent it provides other benefits.

    

    Except as expressly provided below,
this amended and restated plan document applies only to employees who terminate
employment on or after October 1, 1996.  For former employees who
terminated employment before October 1, 1996, the provisions of the AT&T
Excess Benefit and Compensation Plan in effect at termination of the former
employee's employment governs.

    

    Effective October 1, 1996, Lucent
Technologies Inc. established the Lucent Technologies Inc. Excess Benefit and
Compensation Plan as a successor to the AT&T Excess Benefit and Compensation
Plan, in effect as of September 30, 1996, with respect to Transferred
Individuals (as defined in Article 2).  Accordingly, the AT&T
Excess Benefit and Compensation Plan relinquished to the Lucent Technologies
Inc. Excess Benefit and Compensation Plan all liabilities as of
September  30, 1996 relating to Transferred Individuals, and the
Lucent Technologies Inc. Excess Benefit and Compensation Plan assumed and is
solely responsible for all such liabilities.  Except to the extent
required by law or Article 5 of this Plan, the Plan shall not recognize service
and compensation before October 1, 1996 with respect to Transferred
Individuals.  Effective as of the date an individual becomes a
"Transition Individual" (as defined in Section 1.38(a) or (d) of the Management
Interchange Agreement or Section 1.30(a) or (d) of the Occupational Interchange
Agreement), the Plan shall also assume and be solely responsible for all
liabilities relating to such Transition Individuals.

    

    Article 2
– Definitions

    

    Unless the context clearly indicates
otherwise, the following terms have the meanings described  below when
used in this Plan and references to a particular Article or Section shall mean
the Article or Section so delineated in this Plan.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    2.1.           Administrator

    

    With respect to individuals covered by
the AT&T Management Pension Plan, the Pension Plan Administrator under the
AT&T Management Pension Plan and, with respect to individuals covered by the
AT&T Pension Plan, the Pension Plan Administrator under the AT&T Pension
Plan.

    

    2.2.           Affiliated
Corporation

    

    Any corporation of which more than 50
percent of the voting stock is owned directly or indirectly by
AT&T.

    

    2.3.           AT&T

    

    AT&T Corp. (formerly the American
Telephone and Telegraph Company), a New York corporation, or its
successor.

    

    2.4.           Beneficiary

    

    Any person entitled to an Excess Death
Benefit pursuant to Section 4.9.

    

    2.5.           Benefit
Limitation

    

    The maximum benefit payable to a
Participant under the AT&T Management Pension Plan or the AT&T Pension
Plan in accordance with Code Section 415, but after application of the
Compensation Limitation, if any, under the AT&T Management Pension Plan or
the AT&T Pension Plan.

    

    2.6.           Board

    

    The Board of Directors of
AT&T.

    

    2.7.           Code

    

    The Internal Revenue Code of 1986, as
amended from time to time.  Any reference to a particular section of
the Code includes any applicable regulations promulgated under that
section.

    

    2.8.           Committee

    

    The AT&T Employees Benefit
Committee.

    

    2.9.           Compensation
Limitation

    

    The maximum amount of annual
compensation under Code Section 401(a)(17) that may be taken into account in any
Plan Year for benefit accrual purposes under the AT&T Management Pension
Plan or for purposes of calculating an Accident Death Benefit, Sickness Death
Benefit or Pensioner Death Benefit under the AT&T Management Pension
Plan.

    

    2.10.           EBA

    

    The Employee Benefits Agreement between
AT&T and Lucent Technologies Inc. as of February 1, 1996, as
amended.

    

    2.11.           ERISA

    

    The Employee Retirement Income Security
Act of 1974, as amended from time to time.  Any reference to a
particular section of ERISA includes any applicable regulations promulgated
under that section.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    2.12.           Excess
Retirement Benefit

    

    The benefit, if any, described in
Article 4 which is payable to a Participant or a Surviving Spouse under the
terms of the Plan.

    

    2.13.           Executive

    

    An individual who is considered to be
within "a select group of management or highly compensated employees" for
purposes of Title I of ERISA and whose annual compensation in any year exceeds
the Compensation Limitation.

    

    2.14.         Participant

    

    An individual and/or an Executive who
has satisfied the eligibility requirements in Section 3.1 for accrual of an
Excess Retirement Benefit.

    

    2.15.         Participating
Company

    

    AT&T and any Affiliated Corporation
which is a Participating Company under the AT&T Management Pension Plan or
the AT&T Pension Plan.

    

    2.16.        Plan

    

    This AT&T Excess Benefit and
Compensation Plan.

    

    2.17.         Subsidiary

    

    Any corporation of which more than 80%
of the voting stock is owned directly or indirectly by AT&T.

    

    2.18.         Surviving
Spouse

    

    A deceased Participant's surviving
spouse who is eligible to receive a survivor annuity benefit under the AT&T
Management Pension Plan or the AT&T Pension Plan.

    

    2.19.         Term
of Employment

    

    "Term of Employment" within the meaning
of the AT&T Management Pension Plan or the AT&T Pension Plan, as
applicable, for purposes of calculating the amount of a Participant's
benefit.

    

    2.20.         Transferred
Individual

    

    A "Transferred Individual" within the
meaning of the EBA.

    

    Article 3
– Eligibility

    

    3.1.           Participation

    

    (i) Each individual who becomes
eligible or is eligible for a deferred vested pension, a disability pension or a
service pension, under the terms and conditions of either the AT&T
Management Pension Plan or the AT&T Pension Plan, shall be eligible to
participate in this Plan, and/or (ii) each Executive who, in any year, has
annual compensation in excess of the Compensation Limitation and who becomes or
is eligible for a deferred vested pension, a disability pension or a service
pension, under the terms and conditions of the AT&T Management Pension Plan,
shall be eligible to participate in this Plan.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    3.2.           Surviving
Spouse Benefit

    

    Each Surviving Spouse of a Participant
shall be eligible to receive an Excess Retirement Benefit under the Plan, if
eligible as provided in Section 4.1 of the Plan.

    

    3.3.           Relationship
To Other Plans

    

    The Excess Retirement Benefit and
Excess Death Benefit payable under the Plan shall be in addition to any other
benefits provided, directly or indirectly, to a Participant, Surviving Spouse or
Beneficiary by any the Participating Company.  Participation in the
Plan shall not preclude or limit the participation of the Participant in any
other benefit plan sponsored by a Participating Company for which such
Participant would otherwise be eligible.  The Excess Retirement
Benefit and Excess Death Benefit payable to a Participant, Surviving Spouse or
Beneficiary under this Plan shall not duplicate benefits payable to such
Participant, Surviving Spouse or Beneficiary under any other plan or arrangement
of a Participating Company or any Affiliated Corporation.

    

    3.4.           Forfeiture
of Benefits

    

    If any Participant who otherwise would
be entitled to an Excess Retirement Benefit under this Plan is discharged for
cause due to conviction of a felony related to his or her employment, the rights
of such Participant to an Excess Retirement Benefit under this Plan, including
the rights of the Participant's spouse to an Excess Retirement Benefit as a
Surviving Spouse and/or the rights of a Beneficiary to an Excess Death Benefit,
shall be forfeited.

    

    Article 4
– Retirement and Death Benefits

    

    4.1.           Excess
Retirement Benefits

    

    If the benefit payable to a Participant
or a Surviving Spouse under the AT&T Management Pension Plan or the AT&T
Pension Plan is limited by reason of the application of the Benefit Limitation
and/or, for an Executive or a Surviving Spouse of an Executive, the Compensation
Limitation, an Excess Retirement Benefit shall be paid as provided in this
Article 4 to the Participant or the Surviving Spouse.

    

    4.2.           Amount
of Excess Retirement Benefit

    

    The amount, if any, of the Excess
Retirement Benefit payable monthly to a Participant or a Surviving Spouse shall
be equal to the difference between (i) and (ii) where:

    

    (i)           is
the amount of the monthly pension benefit which would be provided to the
Participant or Surviving Spouse under the AT&T Management Pension Plan or
the AT&T Pension Plan, without regard to the Benefit Limitation and/or for
an Executive, or a Surviving Spouse of an Executive, without regard to the
Compensation Limitation under the AT&T Management Pension Plan, based upon
the AT&T Management Pension Plan or the AT&T Pension Plan formula, as
applicable, in effect as of the date of termination of employment or death;
and

    

    (ii)           is
the amount of the monthly pension benefit actually payable to such Participant
or Surviving Spouse under the AT&T Management Pension Plan or the AT&T
Pension Plan.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    The amount of the Excess Retirement
Benefit payable as a result of the application of the Benefit Limitation under
the AT&T Management Pension Plan or the AT&T Pension Plan shall be
determined or redetermined, based upon the AT&T Management Pension Plan or
the AT&T Pension Plan formula, as applicable, in effect as of the date of
termination of employment or termination of reemployment pursuant to Section 4.7
or death, (a) as of the date when benefits are to commence pursuant to Section
4.3 or recommence pursuant to Section 4.7; (b) as of the effective date of any
subsequent increases and/or decreases in the Benefit Limitation, and/or (c) as
of the effective date of any special increases in the monthly benefit payable,
prior to application of the Benefit Limitation, as a result of amendments to the
AT&T Management Pension Plan and/or the AT&T Pension Plan, whichever is
applicable.  Further, the amount of the Excess Retirement Benefit
shall be reduced for commencement of the Excess Retirement Benefit prior to age
55 and/or for the cost of the survivor annuity, if any, in the same manner as is
set forth in the AT&T Management Pension Plan or the AT&T Pension Plan,
as applicable.

    

    4.3.           Commencement
and Form of Benefits Payable to Participant or Surviving Spouse

    

    The Excess Retirement Benefit provided
under this Plan payable to either the Participant or the Surviving Spouse (a)
shall commence at the same time, (b) shall be paid for as long as (subject to
Section 4.2) and (c) shall be paid in the same benefit form as the Participant's
or Surviving Spouse's benefits are paid under the AT&T Management Pension
Plan or the AT&T Pension Plan; whichever is applicable, provided, however,
that the Committee shall have the right to approve the Participant's election of
the form of the Excess Retirement Benefit payable to the
Participant.

    

    4.4.           No
Surviving Spouse

    

    If a Participant dies before the date
as of which his or her benefit commences under the AT&T Management Pension
Plan or the AT&T Pension Plan, and he or she does not have a Surviving
Spouse on his or her date of death, no Excess Retirement Benefit shall be paid
after the death of the Participant with respect to the Participant.

    

    4.5.           Future
Benefit Adjustments

    

    a)           If
a Participant has commenced receiving a service or disability pension under the
AT&T Management Pension Plan or the AT&T Pension Plan in the form of a
joint and 50 percent survivor annuity and his or her designated annuitant
subsequently predeceases him or her, the Participant's Excess Retirement Benefit
under this Plan shall be calculated in accordance with Section 4.02 and
thereafter paid, prospectively, by restoring the original cost of the joint and
50 percent survivor annuity form of benefit under the AT&T Management
Pension Plan or the AT&T Pension Plan, whichever is
applicable.  Such adjustment shall be effective as of the first day of
the first month following the death of the Participant's surviving
annuitant.

    

    (b)           In
the event that, following commencement of benefits to a Participant under the
Plan, the AT&T Management Pension Plan benefit is subsequently adjusted to
include any payments considered Compensation under the AT&T Management
Pension Plan paid after commencement of the AT&T Management Pension Plan
benefit, the Excess Retirement Benefit to the Participant under this Plan shall
be recalculated as soon as practicable after the AT&T Management Pension
Plan benefit is adjusted and shall be paid retroactively to the date the
AT&T Management Pension Plan benefit commences, if the AT&T Management
Pension Plan benefit is adjusted retroactively to such date.

    

    (c)           In
the event that, following commencement of benefits to a Participant or Surviving
Spouse under the Plan, the AT&T Management Pension Plan or AT&T Pension
Plan benefit is subsequently increased as a result of a successful claim for
benefits under the AT&T Management Pension Plan or AT&T Pension Plan,
the Excess Retirement Benefit to the Participant or Surviving Spouse under this
Plan shall be recalculated as soon as practicable after the AT&T Management
Pension Plan or the AT&T Pension Plan benefit is adjusted.

    

    4.6.           Determination
of Benefits

    

    Excess Retirement Benefit payments and
Excess Death Benefit payments under this Plan shall be calculated in accordance
with the rules, procedures, and assumptions utilized under the AT&T
Management Pension Plan or the AT&T Pension Plan, whichever is
applicable.  Thus, whenever it is necessary to determine whether one
benefit is less than, equal to, or larger than another, or to determine the
equivalent actuarial value of any benefit, whether or not such form of benefit
is provided under this Plan, such determination shall be made, at the
Administrator's discretion, by AT&T's enrolled actuary, using mortality,
interest and other assumptions normally used at the time in determining
actuarial equivalence under the AT&T Management Pension Plan or AT&T
Pension Plan, whichever is applicable.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    4.7.           Suspension
and Recommencement of Benefit Payments

    

    A Participant's employment or
reemployment subsequent to retirement or termination of employment with
entitlement to an Excess Retirement Benefit under this Plan shall result in the
permanent suspension of payment of the Excess Retirement Benefit to the
Participant for the period of such employment or reemployment to the extent and
in a manner consistent with the terms and conditions applicable to the
suspension of benefit payments under the AT&T Management Pension Plan or the
AT&T Pension Plan, whichever is applicable.  A Participant's
Excess Retirement Benefit shall recommence simultaneously with the
recommencement of his or her benefits under the AT&T Management Pension Plan
or the AT&T Pension Plan.  The amount of the Participant's Excess
Retirement Benefit upon recommencement shall be adjusted to reflect adjustments,
if any, in the amount of the Participant's pension benefit under the AT&T
Management Pension Plan or the AT&T Pension Plan resulting from the period
of reemployment, pursuant to Section 4.2.  Following recommencement of
payment under this Plan, the Participant (or Surviving Spouse) shall not be
eligible to receive any Excess Retirement Benefit payments that would otherwise
have been payable but for the suspension.

    

    4.8.           Mandatory
Portability Agreement

    

    A Participant (a) who is employed by an
"Interchange  Company", as that term is defined under the Mandatory
Portability Agreement ("MPA"), subsequent to retirement or termination of
employment from AT&T, its subsidiaries or any Affiliated Company, (b) who is
covered under the terms and conditions of the MPA, and (c) for whom assets and
liabilities are transferred from the AT&T Management Pension Plan or the
AT&T Pension Plan, shall forfeit his rights to an Excess Retirement Benefit
under this Plan, including the rights of the Participant's spouse to an Excess
Retirement Benefit as a Surviving Spouse and the rights of Beneficiary to an
Excess Death Benefit.

    

    4.9.           Excess
Death Benefit

    

    (a)           If
the actual Accident Death Benefit, Sickness Death Benefit or Pensioner Death
Benefit ("Death Benefit") payable to any person as a result of the death of a
Participant under the terms of the AT&T Management Pension Plan is reduced
or limited by reason of the Compensation Limitation, an Excess Death Benefit
shall be paid as provided in this Section 4.9 to the beneficiary otherwise
entitled to receive the Death Benefit under the terms and conditions of the
AT&T Management Pension Plan.

    

    (b)           The
amount, if any, of the Excess Death Benefit payable shall be equal to the
difference between (i) and (ii) where:

    

    (i)           is
the amount of the Death Benefit which would be provided to the beneficiary under
the AT&T Management Pension Plan without regard to the Compensation
Limitation under the AT&T Management Pension Plan in effect as of the date
of death; and

    

    (ii)           is
the amount of the Death Benefit actually payable to such beneficiary under the
AT&T Management Pension Plan.

    

    (c)           The
Excess Death Benefit provided under this Plan (i) shall commence at the same
time, (ii) shall be paid for as long as, and (iii) shall be paid in the same
benefit form as the Committee or its delegate has determined with respect to the
Death Benefit payable under the AT&T Management Pension Plan.

    

    Article 5
– Disposition of Participating Company

    

    5.1.           Sale,
Spin-Off, or Other Disposition of Participating Company

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (a)           Subject
to Sections 4.8 and 9.1, in the event AT&T sells, spins off, or otherwise
disposes of a Subsidiary or an Affiliated Corporation, or disposes of all or
substantially all of the assets of a Subsidiary or an Affiliated Corporation
such that one or more Participants terminate employment for the purpose of
accepting employment with the purchaser of such stock or assets, any person
employed by such Subsidiary or Affiliated Corporation who ceases to be an
employee as a result of the sale, spin-off, or disposition shall be deemed to
have terminated his or her employment with a Participating Company and be
eligible for an Excess Retirement Benefit commencing at the same time as his or
her benefit, if any, commences under the AT&T Management Pension Plan or the
AT&T Pension Plan.  Further, if the Participant dies after
termination of employment as described in this Section 5.1, his or her Surviving
Spouse may be entitled to an Excess Retirement Benefit, if eligible as provided
in Section 4.1, and/or his or her Beneficiary may be entitled to an Excess Death
Benefit, if eligible as provided in Section 4.9.

    

    (b)           Notwithstanding
the foregoing provisions of this Section 5.1, and subject to Section 9.1, if, as
part of the sale, spin-off, or other disposition of the stock or assets of a
Subsidiary or Affiliated Corporation, the Subsidiary or Affiliated Corporation,
its successor owner, or any other party agrees in writing to assume the
liability for the payment of the Excess Retirement Benefit and/or the Excess
Death Benefit to which the Participant, Surviving Spouse and/or Beneficiary
would have been entitled under the Plan but for such sale, spin-off, or other
disposition, then the entitlement of the Participant or his or her Surviving
Spouse to an Excess Retirement Benefit and/or any Beneficiary to an Excess Death
Benefit under this Plan shall terminate.  Any subsequent entitlement
of the former Participant or his or her Surviving Spouse or Beneficiary to the
Excess Retirement Benefit and/or the Excess Death Benefit shall be the sole
responsibility of the assuming party.  Upon the assumption of the
liability for the payment of an Excess Retirement Benefit and Excess Death
Benefit by Lucent Technologies Inc. pursuant to Section 6.1 of the EBA, the
entitlement of a Transferred Individual (as defined in the EBA), and/or his or
her Surviving Spouse or Beneficiary, to an Excess Retirement Benefit and/or an
Excess Death Benefit under this Plan shall terminate.  Upon the
assumption of the liability for the payment of an Excess Retirement Benefit and
Excess Death Benefit by Lucent Technologies Inc. pursuant to Section 7.1 of the
Management Interchange Agreement or Section 3.1 of the Occupational Interchange
Agreement, both dated as of April 8, 1996, between AT&T and Lucent
Technologies Inc., the entitlement of a Transition Individual (as defined in
Section 1.38(b) or (c) of the Management Interchange Agreement or Section
1.30(b) or (c) of the Occupational Interchange Agreement), and/or his or her
Surviving Spouse or Beneficiary, to an Excess Retirement Benefit and/or an
Excess Death Benefit under this Plan shall terminate.

    

    Article 6
– Source of Payment

    

    6.1.           Source
of Payments

    

    Benefits arising under this Plan and
all costs, charges, and expenses relating thereto will be payable from the
Company's general assets.  The Company may, however, establish a trust
to pay such benefits and related expenses, provided such trust does not cause
the Plan to be "funded" within the meaning of ERISA.  To the extent
trust assets are available, they may be used to pay benefits arising under this
Plan and all costs, charges, and expenses relating thereto.  To the
extent that the funds held in the trust, if any, are insufficient to pay such
benefits, costs, charges and expenses, the Company shall pay such benefits,
costs, charges, and expenses from its general assets.  In addition,
the Company may, in its sole discretion, purchase and distribute one or more
commercial annuity contracts, or cause the trustee of the trust to purchase and
distribute one or more commercial annuity contracts, to make benefit payments
required under this Plan, to any Senior Manager, as defined in the AT&T
Non-Qualified Pension Plan, or the Surviving Spouse of any Senior Manager,
provided, however, that the purchase and distribution of any such annuity
contracts shall be no sooner than the expiration of any forfeiture provisions
applicable to the Senior Manager under the AT&T Non-Competition
Guidelines.  Such annuity contracts may be purchased from a commercial
insurer acceptable to the Executive Vice President - Human
Resources.  Further, the Executive Vice President - Human Resources,
may determine,  in his sole discretion, to pay additional sums to any
Senior Manager, from the Company's general assets or from the trust, if any, to
reimburse the Senior Manager for additional federal and state income taxes
estimated to be incurred by reason of the distribution of any such annuity
contracts.  The Executive Vice President Human Resources shall
establish a methodology or methodologies for determining the amount of such
additional sums.  The methodology or methodologies selected shall be
those that the Executive Vice President - Human Resources determines, in his
sole discretion, to be the most effective and administratively feasible for the
purpose of producing after tax periodic benefit payments that approximate the
after tax periodic benefit payments that would have been received by Senior
Managers in the absence of the distribution of the annuity
contract.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    6.2.           Unfunded
Status

    

    The Plan at all times shall be entirely
unfunded for purposes of the Code and ERISA and no provision shall at any time
be made with respect to segregating any assets of a Participating Company for
payment of any benefits hereunder.  Funds that may be invested through
a trust described in Section 6.1 shall continue for all purposes to be part of
the general assets of the Participating Company which invested the
funds.  The Plan constitutes a mere promise by AT&T and the
Participating Companies to make Excess Retirement Benefit payments and Excess
Death Benefit payments, if any, in the future.  No Participant,
Surviving Spouse or any other person shall have any interest in any particular
assets of a Participating Company by reason of the right to receive a benefit
under the Plan and to the extent the Participant, Surviving Spouse or any other
person acquires a right to receive benefits under this Plan, such right shall be
no greater than the right of any unsecured general creditor of a Participating
Company.

    

    6.3.           Fiduciary
Relationship

    

    Nothing contained in the Plan, and no
action taken pursuant to the provisions of the Plan, shall create or be
construed to create a trust or a fiduciary relationship between or among
AT&T, any other Participating Company, the Board, the Administrator, the
Committee, any Participant, any Surviving Spouse, or any other person, except as
provided in Section 7.4.

    

    Article 7
– Administration of the Plan

    

    7.1.           Administration

    

    AT&T shall be the "plan
administrator" of the Plan as that term is defined in ERISA.

    

    7.2.           Indemnification

    

    Neither the Administrator, any member
of the Board or of the Committee, nor each other officer to whom any duty or
power relating to the administration or interpretation of the Plan may be
allocated or delegated, shall be personally liable by reason of any contract or
other instrument executed by such individual or on his or her behalf in his or
her capacity as the Administrator or as a member of the Board or of the
Committee, nor for any mistake of judgment made in good faith, and AT&T
shall indemnify and hold harmless the Administrator, each member of the Board,
each member of the Committee, and each other employee or officer to whom any
duty or power relating to the administration or interpretation of the Plan may
be allocated or delegated, against any cost or expense (including attorneys'
fees) or liability (including any sum paid in settlement of a claim) arising out
of any act or omission to act in connection with the Plan unless arising out of
such person's own fraud or bad faith.

    

    7.3.           Claims
Procedure

    

    (a)           All
claims for benefit payments under the Plan shall be submitted in writing by the
Participant, Surviving Spouse, Beneficiaries, or any individual duly authorized
by them ("Claimant" for purposes of Section 7.3), to the
Administrator.  The Administrator shall notify the Claimant in writing
within 90 days after receipt as to whether the claim has been granted or
denied.  This period may be extended for up to an additional 90 days
in unusual cases provided that written notice of the extension is furnished to
the Claimant prior to the commencement of the extension.  In the event
the claim is denied, such notice shall (i) set forth the specific reasons for
denial, (ii) make reference to the pertinent Plan provisions on which the denial
is based, (iii) describe any additional material or information necessary before
the Claimant's request may be acted upon, and (iv) explain the procedure for
appealing the adverse determination.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (b)           Any
Claimant whose claim for benefits has been denied, in whole or in part, may,
within 60 days of receipt of any adverse benefit determination, appeal such
denial to the Committee.  All appeals shall be in the form of a
written statement and shall (i) set forth all of the reasons in support of
favorable action on the appeal, (ii) identify those provisions of the Plan upon
which the Claimant is relying, and (iii) include copies of any other documents
or materials which may support favorable consideration of the
claim.  The Committee shall decide the issues presented within 60 days
after receipt of such request, but this period may be extended for up to an
additional 60 days in unusual cases provided that written notice of the
extension is furnished to the Claimant prior to the commencement of the
extension.  The decision of the Committee shall be set forth in
writing, include specific reasons for the decision, refer to pertinent Plan
provisions on which the decision is based, and shall be final and binding on all
persons affected thereby.

    

    Any Claimant whose claim for benefits
has been denied shall have such further rights of review as are provided in
ERISA Section 503, and the Committee and Administrator shall retain such right,
authority, and discretion as is provided in or not expressly limited by ERISA
Section 503.

    

    (c)           The
Committee shall serve as the final review committee, under the Plan and ERISA,
for the review of all appeals by Claimants whose initial claims for benefits
have been denied, in whole or in part, by the Administrator.  The
Committee shall have the authority to determine conclusively for all parties any
and all questions arising from administration of the Plan, and shall have sole
and complete discretionary authority and control to manage the operation and
administration of the Plan, including, but not limited to, authorizing
disbursements according to the Plan, the determination of all questions relating
to eligibility for participation and benefits, interpretation of all Plan
provisions, determination of the amount and kind of benefits payable to any
Participant, Surviving Spouse or Beneficiary, and the construction of disputed
and doubtful terms.  Such decisions by the Committee shall be
conclusive and binding on all parties and not subject to further
review.

    

    7.4.           Named
Fiduciaries

    

    AT&T, the Committee, the Pension
Plan Administrator(s) and each Participating Company is each a named fiduciary
as that term is used in ERISA with respect to the particular duties and
responsibilities herein provided to be allocated to each of them.

    

    7.5.           Role
of the Committee

    

    (a)           The
Committee shall have the specific powers elsewhere herein granted to it and
shall have such other powers as may be necessary in order to enable it to
administer the Plan, except for powers herein granted or provided to be granted
to others.

    

    (b)           The
procedures for the adoption of by-laws and rules of procedure and for the
employment of a secretary and assistants shall be the same as are set forth in
AT&T Management Pension Plan or the AT&T Pension Plan.

    

    7.6.           Allocation
of Responsibilities

    

    AT&T may allocate responsibilities
for the operation and administration of the Plan consistent with the Plan's
terms, including allocation of responsibilities to the Committee and the other
Participating Companies.  AT&T and other named fiduciaries may
designate in writing other persons to carry out their respective
responsibilities under the Plan, and may employ persons to advise them with
regard to any such responsibilities.

    

    7.7.           Multiple
Capacities

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Any person or group of persons may
serve in more than one fiduciary capacity with respect to the Plan.

    

    Article 8
– Amendment and Termination

    

    8.1.           Amendment
and Termination

    

    Pursuant to ERISA Section 402(b)(3),
the Board or its delegate (acting pursuant to the Board's delegations of
authority then in effect) may from time to time amend, suspend, or terminate the
Plan at any time. Plan amendments may include, but are not limited to,
elimination or reduction in the level or type of benefits provided prospectively
to any class or classes of Participants (and Surviving Spouses and
Beneficiaries).  Any and all Plan amendments may be made without the
consent of any Participant, Surviving Spouse or
Beneficiary.  Notwithstanding the foregoing, no such amendment,
suspension, or termination shall retroactively impair or otherwise adversely
affect the rights of any Participant, Surviving Spouse, or other person to
benefits under the Plan, the AT&T Management Pension Plan or the AT&T
Pension Plan which have arisen prior to the date of such action.

    

    Article 9
– General Provisions

    

    9.1.           Binding
Effect

    

    The Plan shall be binding upon and
inure to the benefit of each Participating Company and its successors and
assigns, and to each Participant, his or her successors, designees,
Beneficiaries, designated annuitants, and estate.  The Plan shall also
be binding upon any successor corporation or organization succeeding to
substantially all of the assets and business of AT&T.  Nothing in
the Plan shall preclude AT&T from merging or consolidating into or with, or
transferring all or substantially all of its assets to, another corporation
which assumes the Plan and all obligations of AT&T
hereunder.  AT&T

    agrees
that it will make appropriate provision for the preservation of the rights of
Participants, Surviving Spouses and Beneficiaries under the Plan in any
agreement or plan or reorganization into which it may enter to effect any
merger, consolidation, reorganization, or transfer of assets.  Upon
such a merger, consolidation, reorganization, or transfer of assets, the term
"Participating Company" shall refer to such other corporation and the Plan shall
continue in full force and effect.

    

    9.2.           No
Guarantee of Employment

    

    Neither the Plan nor any action taken
hereunder shall be construed as (i) a contract of employment or deemed to give
any Participant the right to be retained in the employment of a Participating
Company, the right to any level of compensation, or the right to future
participation in the Plan; or (ii) affecting the right of a Participating
Company to discharge or dismiss any Participant at any time.

    

    9.3.           Tax
Withholding

    

    AT&T or a Participating Company, as
applicable, shall withhold all federal, state, local, or other taxes required by
law to be withheld from Excess Retirement Benefit payments under the
Plan.  AT&T shall also withhold all FICA taxes required by law to
be withheld on an Executive's Excess Retirement Benefits under the
Plan.

    

    9.4.           Assignment
of Benefits

    

    No Excess Retirement Benefit or Excess
Death Benefit under this Plan or any right or interest in such Excess Retirement
Benefit or Excess Death Benefit shall be assignable or subject in any manner to
anticipation, alienation, sale, transfer, claims of creditors, garnishment,
pledge, execution, attachment or encumbrance of any kind, including, but not
limited to, pursuant to any domestic relations order (within the meaning of
ERISA Section 206(d)(3)  and Code Section 414(p)(1)(B)) or judgment or
claims for alimony, support, separate maintenance, and claims in bankruptcy
proceedings, and any such attempted disposition shall be null and
void.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    9.5.           Facility
of Payment

    

    If the Administrator shall find that
any person to whom any amount is or was payable under the Plan is unable to care
for his or her affairs because of illness or accident, then any payment, or any
part thereof, due to such person (unless a prior claim therefore has been made
by a duly appointed legal representative), may, if the Administrator so directs
AT&T, be paid to the same person or institution that the benefit with
respect to such person is paid or to be paid under the AT&T Management
Pension Plan or AT&T Pension Plan, if applicable, or the Participant's
lawful spouse, a child, a relative, an institution maintaining or having custody
of such person, or any other person deemed by the Administrator to be a proper
recipient on behalf of such person otherwise entitled to payment.  Any
such payment shall be in complete discharge of the liability of AT&T, the
Board, the Committee, the Administrator, and the Participating Company
therefore.  If any payment to which a Participant, Surviving Spouse or
Beneficiary is entitled under this Plan is unclaimed or otherwise not subject to
payment to the person or persons so entitled, such amounts representing such
payment or payments shall be forfeited after a period of two years from the date
the first such payment was payable and shall not escheat to any state or revert
to any party; provided, however, that any such payment or payments shall be
restored if any person otherwise entitled to such payment or payments makes a
valid claim.

    

    9.6.           Severability

    

    If any section, clause, phrase,
provision, or portion of this Plan or the application thereof to any person or
circumstance shall be invalid or unenforceable under any applicable law, such
event shall not affect or render invalid or unenforceable the remainder of this
Plan and shall not affect the application of any section, clause, provision, or
portion hereof to other persons or circumstances.

    

    9.7.           Plan
Year

    

    For purposes of administering the Plan,
each plan year shall begin on January 1 and end on December 31.

    

    9.8.           Headings

    

    The captions preceding the sections and
articles hereof have been inserted solely as a matter of convenience and shall
not in any manner define or limit the scope or intent of any provisions of the
Plan.

    

    9.9.           Governing
Law

    

    The Plan shall be governed by the laws
of the State of New Jersey (other than its conflict of laws provisions) from
time to time in effect, except to the extent such laws are preempted by the laws
of the United States of America.

    

    9.10.           Entire
Plan

    

    This written Plan document is the final
and exclusive statement of the terms of this Plan, and any claim of right or
entitlement under the Plan shall be determined in accordance with its provisions
pursuant to the procedures described in Article 7.  Unless otherwise
authorized by the Board or its delegate, no amendment or modification to this
Plan shall be effective until reduced to writing and adopted pursuant to Section
8.1.ex10jjj_i.htm

    Exhibit
10-jjj(i)

    

    

    

    Amendment
to

    

    AT&T EXCESS BENEFIT AND
COMPENSATION PLAN

    

    Dated
July 28, 2003

    

    AT&T

    and

    such of
its Subsidiary Companies that are

    Participating
Companies

    

    

    ARTICLE
4

    

    RETIREMENT
AND DEATH BENEFITS

    

    * * *
*

    

    

    

    4.9.    Change
in Control Provisions

    

         (a)
In  accordance  with
the  preceding  provisions  of  Article
3 and this Article 4,  following  the  occurrence
of a "change in control," as that term is defined in the AT&T Management
Pension Plan, the benefit determined  pursuant to Section 4.2
and/or  Section 4.3 for a
"CIC  eligible  employee," as that term is defined in the
AT&T  Management  Pension Plan,  shall be
determined  taking into account  the change in
control  provisions  of such plan.  Pursuant to
the Board resolution  of January 21,  1998,  the
Company may elect to pay a  Participant's benefit from this Plan in a
single sum payment.

    

         (b)  Notwithstanding  the
provisions of Section 9.1, or any other provision of the
Plan,  unless  required
by  applicable  law,  this Section 4.9 may not be
amended in any manner  adverse to the  interests
of  Participants  without their consent and,
further,  upon the occurrence of a CIC, no amendment may be made to
this Section 4.9 by the
Board,  the  Company,  (including  any  successor
to the Company), any committee,  any officer, or any other party to
suspend, modify, or eliminate
any benefit provisions that are applicable upon occurrence of a
CIC.

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