Document:

ex10hhh_1.htm

    Exhibit
hhh(i)

    

    

    

    AT&T
CORP.

    SENIOR
MANAGEMENT

    UNIVERSAL
LIFE INSURANCE PROGRAM

    (amended
July 28, 2003)

    

    

    

    Section   8.                            
Amendment and Termination

    

    

    * * *
*

    

    8.2  Continued  Maintenance
of Program After Change in Control.  Notwithstanding any
other  provision  of the Program to
the  contrary  (including,  but not limited to
the  provisions  of Section 8.0 and Section 8.1), if a
Change in Control occurs,  the Company (or its
successor)  shall continue to maintain
the  Program  in  accordance  with
its  terms and  conditions  prior to the
occurrence  of the Change in
Control  (including,  but not  limited to, the
provisions  in Section 5.1 and Section 5.2 that require the Company to
make applicable premium payments and tax adjustment
payments,  respectively, and any amendment to such terms
and  conditions  that was duly adopted prior to the
occurrence of the Change in Control), without any material reduction in any
Program benefits, features or Participant or Policyholder rights, for a minimum
of two (2) years after the Change in Control occurs.

    

    8.3  Prohibition  on  Amendments  After
Change in Control.  Notwithstanding  any other provision of
the Program to the contrary (including,  but not limited to,
the  amendment  provisions  set forth in Section
8.0 and Section  8.1), unless  required
by  applicable  law,  after
the  occurrence of a Change in Control, no amendment shall be made by
the Board (or the successor board of directors),  a delegate, the
Company (or the successor of the Company), any committee,  any
officer,  any employee of the Company (or the  successor of
the Company) or by any other party,  to
suspend,  modify,  or eliminate the
Program  continuation  provisions set forth in Section 8.2,
or to eliminate the  restrictions  contained in this Section
8.3, and no such  amendment to the Program  made
in  violation  of this  Section  8.3
shall be  effective.  Nothing in Section 8.2 or
this  Section 8.3 shall be  construed to preclude
the  Company  (or the  successor  of
the  Company)  from  implementing  any
amendment to the Program that was duly adopted  prior to
the  occurrence of the Change in Control, but does not become
effective until after the Change in Control occurs.

    

    * * *
*ex10iii.htm

    Exhibit
10-iii

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    AT&T
Corp. NON-QUALIFIED PENSION PLAN

    

    

    As
Amended and Restated effective January 1, 1995

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     AT&T
NON-QUALIFIED PENSION PLAN

    

    

    ARTICLE
1

    PURPOSE

    

    

    This
AT&T Non-Qualified Pension Plan (the "Plan") is an Amendment and Restatement
of predecessor programs sponsored by the Company that where first adopted on
October 1, 1980, to provide supplemental pension, disability and death benefits
to certain employees of the Company. The Plan is intended to constitute an
unfunded plan of deferred compensation for a select group of management or
highly compensated employees for purposes of Title I of ERISA.

    

    

    ARTICLE
2

    DEFINITIONS

    

    

    Whenever
used herein, the terms set forth below have the following meanings unless a
different meaning is clearly required by the context:

    

    
      	
              2.01.

            	
              "Active  Service"
      means the period of active employment but excluding any time the
      individual is absent on account of disability and receiving or eligible to
      receive sickness or accident disability benefits under the Company's
      Sickness and Accident Disability Benefit
Plan.

            

    

    

    
      	
              2.02.

            	
              "ADEA"
      means the Age Discrimination in Employment Act of 1967, as it may be
      amended from time to time.

            

    

    

    
      	
              2.03.

            	
              "Adjusted
      Career Average Pay" as used in the Alternate Formula described in Section
      4.02(b), means (i) in the case of an Officer, the sum of A and B below
      divided by such Officer's Term of Employment and (ii) in the case of an
      E-band Employee, the amount described in B below divided by such E-band
      Employee's Term of Employment:

            

    

    

    
      	
               

            	
              A.

            	
              the
      sum of (1) the average of an Officer's annual Short Term Incentive Awards
      and any salary amounts deferred under the AT&T Senior Management
      Incentive Award Deferral Plan includable in the 1989 Base Period
      multiplied by his or her Term of Employment as of December 31, 1989 and
      (2) his or her Short Term
      Incentive  Awards  includable under the Basic Formula
      and any salary amounts deferred under the AT&T Senior Management
      Incentive Award Deferral Plan for the period from January 1, 1990 to the
      date of retirement.

            

    

    

    
      	
               

            	
              B.

            	
              the
      sum of (a) the product of (i) the Participant's average annual
      "Compensation" as defined in the Pension Plan for the 1992 Base Period and
      (ii) the Participant's Term of Employment as of December 31, 1992 and (b)
      the Participant's "Compensation" for the period from January 1, 1993 to
      the last day of his or her Term of
Employment.

            

    

     

     

    
      
        2

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
              2.04.

            	
              "Administrator"
      means the person identified as the Pension Plan Administrator under the
      Pension Plan or such other person or entity designated by the
      Company.

            

    

    

    
      	
              2.05.

            	
              "Affiliated
      Corporation" means any corporation or other entity of which 50 percent or
      more of the voting stock is owned directly or indirectly by
      AT&T.

            

    

    

    
      	
              2.06.

            	
              "AT&T"
      or "Company" means AT&T Corp. (formerly American Telephone and
      Telegraph Company), a New York Corporation, or its
    successors.

            

    

    

    2.07.              "1989
Base Period" means the period from January 1, 1987, to December  31,
1989.

    

    2.08.              "1992
Base Period" means the period from January 1, 1990, to December 31,
1992.

    

    2.09.              "Board"
means the Board of Directors of AT&T.

    

    
      	
              2.10.

            	
              "Committee"
      means the Employees' Benefit Committee appointed by the Company to
      administer the Pension Plan.

            

    

    

    
      	
              2.11.

            	
              "Covered
      Compensation Base" means an amount which is the average of the maximum
      wage amounts on which an employee's liability for Social Security taxes
      were  determined for each year beginning with January 1, 1958
      and ending with the year in which the calculation is
  made.

            

    

    

    
      	
              2.12.

            	
              "Delegate"
      means the Board's authorized representative designated pursuant to a
      delegation of authority by the Board to act on behalf of or to perform one
      or more administrative responsibilities under the
  Plan.

            

    

    

    
      	
              2.13.

            	
              "E-band
      Employee" means any employee of a Participating Company employed in a
      position evaluated or classified as an "E-band" or equivalent position by
      the Company, except that no employee who is assigned to such a position on
      a temporary basis after being notified in writing of the temporary status
      of such assignment shall be an "E-band Employee" for any purpose under
      this Plan.

            

    

    

    
      	
              2.14.

            	
              "ERISA"
      means the Employee Retirement Income Security Act of 1974, as amended from
      time to time.

            

    

    

    
      	
              2.15.

            	
              "Long
      Term Disability Plan" means the AT&T Senior Management Long Term
      Disability and Survivor Protection
Plan.

            

    

     

     

    
      
        3

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
              2.16.

            	
              "Normal
      Retirement Age" means the Normal Retirement Age determined under the
      Pension Plan.

            

    

    

    
      	
              2.17.

            	
              "Officer"
      means any employee of a Participating Company holding a position evaluated
      or classified above the "E-band" level by the Company, except that no
      employee who is assigned to such a position on a temporary basis after
      being notified in writing of the temporary status of such assignment shall
      be an "Officer" for any purpose under this
Plan.

            

    

    

    
      	
              2.18.

            	
              "Participant"
      means an Officer who is eligible for a service pension, deferred vested
      pension or disability pension under the terms of the Pension Plan or an
      E-band Employee who is eligible for a  service pension under the
      terms of the Pension Plan.

            

    

    

    
      	
              2.19.

            	
              "Participating
      Company" means AT&T and any Affiliated Corporation which has elected,
      with the approval of the Committee as required by Section 8.01, to
      participate in the Plan.

            

    

    

    
      	
              2.20.

            	
              "Pension
      Plan" means the AT&T Management Pension Plan, as amended from time to
      time.

            

    

    

    
      	
              2.21.

            	
              "Pension
      Plan Benefit" means the annual pension benefit determined under the
      Pension Plan without regard to the limitations on covered compensation
      under Section 401(a)(17) of the Internal Revenue Code of 1986, or the
      limitations on benefit accruals and payments under Section 415 of the
      Internal Revenue Code of 1986, and before any reduction in such pension
      benefit for the cost of a survivor annuity or for early
      retirement.

            

    

    

    
      	
              2.22.

            	
              "Plan"
      means this AT&T Non-Qualified Pension Plan, as set forth herein and as
      amended from time to time.

            

    

    

    
      	
              2.23.

            	
              "Position
      Rate" means an amount established periodically by the Company for each
      Officer position upon which base salaries are
  administered.

            

    

    

    
      	
              2.24.

            	
              "Short
      Term Incentive Award" means the actual amount awarded (including any
      amounts deferred pursuant to the AT&T Senior Management Incentive
      Award Deferral Plan) annually to an Officer pursuant to the AT&T Short
      Term Incentive Plan or predecessor short term incentive plans. Short Term
      Incentive Awards shall, for purposes of this Plan, be considered to be
      awarded on the last day of the performance period with respect to which
      they are earned.

            

    

    

    
      	
              2.25.

            	
              "Standard
      Award" means an amount determined periodically for each Position Rate
      under the AT&T Short Term Incentive Plan or predecessor short term
      incentive plans.

            

    

    

    
      	
              2.26.

            	
              "Successor
      Plan Sponsor" means Lucent Technologies Inc. and any other corporation or
      entity that enters into an agreement or agreements providing for the
      assumption of liabilities arising under this Plan comparable to the
      Management Interchange Agreement dated as of April 8, 1996, and the
      Employee Benefits Agreement dated February 1, 1996, and amended and
      restated as of March 29, 1996, between AT&T and Lucent Technologies
      Inc.

            

    

     

     

    
      
        4

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
              2.27.

            	
              "Term
      of Employment" means the period of employment described in Section 2.38 of
      the Pension Plan and, unless expressly limited by the context, shall also
      mean the number of full or partial calendar years comprising Years of
      Service as defined in Section 2.39 of the Pension
  Plan.

            

    

    

    
      	
              2.28.

            	
              "Total
      Compensation" As used in the Alternate Minimum Formula described in
      Section 4.02(c) means the sum of (i) the elements of Compensation as
      defined in Section 4.2(f) of the Pension Plan, (ii) salary amounts
      deferred under the AT&T Senior Management Incentive Award Deferral
      Plan, and (iii) Short Term Incentive
Awards.

            

    

    

    
      	
              2.29.

            	
              "Transition
      Participant" means a Participant as to  whom the responsibility
      and liability for the payment of benefits accrued or payable under this
      Plan has been assumed by a Successor Plan
  Sponsor.

            

    

    

    

    ARTICLE
3

    PARTICIPATION
AND ELIGIBILITY

    

    3.01.              Participation.

    

    
      	
               

            	
              All
      Officers and E-band Employees who meet the criteria set forth in Section
      2.18 shall be eligible to participate in this
  Plan.

            

    

    

    3.02.              Eligibility.

    

    
      	
               

            	
              (a)

            	
              Service
      Benefit. Each Participant who is eligible for a service pension pursuant
      to the terms of the Pension Plan (excluding for purposes of this Section
      3.02(a) the effect of any management pension enhancement pursuant to
      Section 4.2(h) of the Pension Plan) and who meets the relevant
      requirements of Article 4 shall be eligible for a service benefit pursuant
      to this Plan.

            

    

    

    (b)        Deferred
Benefit.

    

    
      	
               

            	
              (i)

            	
              Except
      as otherwise specified in Sections 4.04 and 4.05, an Officer who is
      eligible for a deferred vested pension pursuant to the terms and
      conditions of the Pension Plan is eligible for a deferred benefit pursuant
      to this Plan.

            

    

    

    
      	
               

            	
              (ii)

            	
              An
      Officer who leaves the service of a Participating Company and who has
      elected to have his or her deferred vested pension payable early in
      reduced amounts pursuant to the terms and conditions of the Pension Plan
      shall be deemed to have elected to have his or her deferred benefits under
      this Plan payable early in reduced amounts under the same terms and
      conditions as set forth in the Pension Plan. In the event of such an
      election, the amount of deferred benefit otherwise payable at Normal
      Retirement Age under this Plan to such participant shall be reduced in
      accordance with the same formulas  as are set forth in the
      Pension Plan for the discounting of the deferred vested
      pension.

            

    

     

     

    
      
        5

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
              (iii)

            	
              The
      Committee, the Administrator or a Delegate, as appropriate, shall notify
      each Officer who leaves the employment of such Participating Company
      (except to take employment without a break in service with another
      Participating Company or other Affiliated Corporation) of his or her
      eligibility, if any, for a deferred benefit by mailing, within a
      reasonable time after his or her leaving, a notice to his or her last
      known address as shown on the Participating Company's
    records.

            

    

    

    
      	
               

            	
              (c)

            	
              Disability
      Benefit. A Participant who, while an Officer, has become eligible for a
      Disability Pension pursuant to Section 4.1(c) of the
      Pension  Plan shall be eligible for a Disability Benefit
      hereunder. Should the Disability Pension be discontinued (other than by
      reason of conversion to a Service Pension) pursuant to the terms of the
      Pension Plan, the Disability Benefit hereunder shall be discontinued as
      well.

            

    

    

    (d)        Contingent
Benefits.

    

    
      	
               

            	
              (i)

            	
              An
      Officer who, on or after January 1, 1986, is reassigned to a position
      evaluated below the E-band level for reasons other than unsatisfactory
      performance, and who has satisfied the vesting requirements of Section
      3.02(a) or Section 3.02(b) of this Plan as of the reassignment date, will
      be eligible for Officer benefits upon his or her termination of employment
      provided he or she is then eligible for either a service pension under
      Section 4.1(a) or a deferred vested pension under Section 4.1(b) of the
      Pension Plan. The determination of the amount of such former Officer's
      benefits will be based on his or her Term of Employment completed as of
      the reassignment date and shall be computed in accordance with Section
      4.02(a) in effect on such date.

            

    

    

    
      	
               

            	
              (ii)

            	
              An
      Officer who, on or after January 1, 1986, is reassigned to a position
      evaluated below the E-band, and who has not satisfied the vesting
      requirements of this Plan as of the reassignment date, will not be
      eligible for benefits under this Plan upon his or her termination of
      employment.

            

    

    

    
      	
              (iii)

            	
              An
      Officer who, on or after January 1, 1986, is reassigned to a position
      evaluated at the E-band level for reasons other than unsatisfactory
      performance, and who has satisfied the vesting requirements of Section
      3.02(a) or Section 3.02(b) of this Plan as of the reassignment date shall
      be eligible for a benefit (A) under Section 3.02(a), if such Officer is
      eligible for a service pension under Section 4.1(a) of the Pension Plan on
      the last day of his or her Term of Employment or (B) under Section
      3.02(b), if such Officer is not eligible for a service pension under
      Section 4.1(a) of the Pension Plan on the last day of his or her Term of
      Employment. The benefit of any reassigned Officer described in this
      Section 3.02(d)(iii)(A) shall be computed based on his or her Term of
      Employment and in accordance with Section 4.02(b) in effect on the last
      day of such Term of Employment. The benefit of any reassigned Officer
      described in this Section 3.02(d)(iii)(B) shall be computed based on his
      or her Term of Employment completed as of the last day of the year in
      which his or her job is reclassified and in accordance with Section
      4.02(a) in effect as of the date of such
  reassignment.

            

    

     

     

    
      
        6

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
              (iv)

            	
              A
      Participant, other than an Officer whose job is classified or reclassified
      during or after 1986 to a level below E-band will be eligible for the
      service benefit described in Section 3.02(a) and computed in accordance
      with Section 4.02(b) based on his or her Term of Employment completed as
      of the last day of 1988 or if later, the last day of the year in which his
      or her job is reclassified and based on the provisions of the Plan in
      effect on such day, provided he or she is then eligible for a service
      pension under the Pension Plan, and further provided he or she is not
      demoted subsequent to such day because of unsatisfactory job performance
      prior to retiring under the Pension
Plan.

            

    

    

    

    ARTICLE
4

    PENSION
BENEFITS

    

    

    4.01.              Benefit
Eligibility.

    

    
      	
               

            	
              (a)

            	
              Officers.
      The following provisions govern the eligibility for benefits of Officers
      whose retirement date is on or after December 31,
  1993.

            

    

    

    
      	
               

            	
              (i)

            	
              The
      benefit of an Officer who had at least five Years of Service as an Officer
      as of December 31, 1993 will be the greater of the annual benefit amounts
      determined under the Basic Formula, the Alternate Formula or the Alternate
      Minimum Formula described in Sections 4.02(a), (b) and (c)
      respectively.

            

    

    

    
      	
               

            	
              (ii)

            	
              The
      benefit of an Officer who is not described in Section 4.01(a)(i) but who
      is eligible for a service pension under Section 4.1(a) of the Pension Plan
      as of the last day of his or her Term of Employment will be the greater of
      the annual benefit amounts under the Basic Formula or the Alternate
      Formula described in Sections 4.02(a) and (b)
  respectively.

            

    

    

    
      	
              (iii)

            	
              The
      benefit of an Officer who is not described in Sections 4.01(a)(i) or (ii)
      but who is eligible for a deferred vested pension under Section 4.1(b) or
      a disability pension under Section 4.1(c) the Pension Plan as of the last
      day of his or her Term of Employment will be the amount determined under
      the Basic Formula described in Section
4.02(a).

            

    

     

    
 

    
      
        7

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
              (iv)

            	
              The
      benefit payable to the surviving lawful spouse of an Officer shall be
      determined in accordance with Section 4.02(d)(i), if the Officer is an
      employee at the time of death and in accordance with Sections 4.02(d)(ii)
      and (iii), if the Officer is not an employee at the time of
      death.

            

    

    

    
      	
               

            	
              (b)

            	
              E-band
      Employees. The annual service benefit of an E-band Employee whose
      retirement date is on or after October 19, 1993, will be the amount
      computed under the Alternate Formula described in Section 4.02(b). The
      benefit payable to the surviving lawful spouse of an E-band Employee shall
      be determined in accordance with Section 4.02(d)(i), if the E-band
      Employee is an employee at the time of death. The formulas for computing
      the pension benefits of an E-band Employee whose employment terminated
      prior to October 19, 1993, are shown in Appendix
  A.

            

    

    

    4.02.              Benefit
Formulas.

    

    
      	
               

            	
              (a)

            	
              Basic
      Formula. The annual service or disability benefit under the Basic Formula
      shall be determined by adding (A) the product of one and five-tenths
      percent (1.5%) of the average annual Short Term Incentive Awards for the
      1989 Base Period and the Officer's Term of Employment as of December 31,
      1989, and (B) the sum of one and six-tenths percent (1.6%) of the Short
      Term Incentive Award for each successive full or partial calendar year of
      employment following 1989.

            

    

    

    
      	
               

            	
              (i)

            	
              Early
      Retirement Discount. The monthly service benefit, determined in accordance
      with the Basic Formula of this Section 4.02(a), for each Officer who is
      granted a service benefit for reasons other than total disability as a
      result of sickness or injury, shall be reduced by one-half percent (0.5%)
      for each calendar month or part thereof by which his or her age at time
      benefits are first paid under this Plan is less than fifty-five (55)
      years, except that each Officer retired with thirty (30) or more years of
      service shall receive a monthly benefit allowance reduced by one-quarter
      percent (0.25%) for each calendar month or part thereof by which such
      Officer's age at the time benefits are first paid under this Plan is less
      than fifty-five (55) years.

            

    

    

    
      	
               

            	
              (ii)

            	
              Deferred
      Benefit Amount. The monthly benefit for each Officer eligible for a
      deferred benefit under the provisions of Section 3.02(b)  shall
      be calculated exclusively in accordance with the provisions specified as
      applicable to those receiving a benefit under this Section 4.02(a)
      effective as of the date such Officer leaves the service of a
      Participating Company.

            

    

    

    
      	
              (iii)

            	
              An
      Officer who leaves the service of a Participating Company with eligibility
      for a deferred benefit in accordance with Section 3.02(b) but who is not
      entitled to any other class of pension or benefit under this Plan shall
      not be considered a retiree pursuant to the Pension Plan or a retired
      Officer.

            

    

    

    
      	
               

            	
              (b)

            	
              Alternate
      Formula. The annual benefit under the Alternate Formula shall be the
      excess of B over A, where A equals the Participant's Pension Plan Benefit
      and B equals the product of one and seven-tenths percent (1.7%) of the
      Participant's Adjusted Career Average Pay, less eight-tenths of one
      percent (0.8%) of the Participant's Covered Compensation Base, and the
      Participant's Term of Employment. The service benefit under this Alternate
      Formula will be reduced in case of retirement before age 60 by applying
      the appropriate reduction factor from the Table of such factors shown in
      Appendix C to such benefit.

            

    

     

    
 

    
      
        8

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
               

            	
              (c)

            	
              Alternate
      Minimum Formula. The annual benefit under the Alternate Minimum Formula in
      this Section 4.02(c) shall be an amount equal to (A) the product of the
      greater of the amount determined under Formula A or the amount determined
      under Formula B, multiplied by the applicable factor set forth in Appendix
      B, less (B) the amount of the Officer's Pension Plan
    Benefit.

            

    

    

    
      	
               

            	
              (i)

            	
              Formula
      A. For purposes of the Alternate Minimum Formula in this Section 4.02(c),
      Formula A means the sum of (a) the product of one and five tenths percent
      (1.5%) of average calendar year Total Compensation for the 1992 Base
      Period and the Term of Employment as of December 31, 1992 and (b) one and
      six tenths percent (1.6%)of Total Compensation for the calendar year 1993
      actuarially reduced in case of retirement before age 55 by applying the
      appropriate reduction factor set forth in Section
    4.02(a)(i).

            

    

    

    
      	
               

            	
              (ii)

            	
              Formula
      B. For purposes of this Alternate Minimum Formula in this Section 4.02(c),
      Formula B means the product of (a) the excess of one and seven tenths
      percent (1.7%) of Adjusted Career Average Pay, over eight tenths of one
      percent (0.8%) of the Covered Compensation Base, and (b) the Officer's
      Term of Employment at December 31, 1993, reduced in case of retirement
      before age 60 by applying the appropriate reduction factor set forth in
      Appendix C.

            

    

    

    (d)        Automatic
Survivor Annuities.

    

    
      	
               

            	
              (i)

            	
              Before-Retirement.
      In the event of the death of an active Participant whose Term of
      Employment includes at least fifteen years or who is eligible for a
      service benefit under Section 4.02(a) at the time of his or her death and
      who leaves a surviving lawful spouse, such surviving lawful spouse shall
      receive, effective on the day following the date of death, a survivor
      annuity in the amount of forty five percent (45%) of the benefit which
      would have been payable had such Participant retired with a service
      benefit, regardless of his or her actual eligibility therefor, on the date
      of his or her death. For purposes of the automatic survivor annuity
      provided in this Section 4.02(d)(i), the early retirement discounts in
      Sections 4.02(a)(i) and 4.02 (b)(i) shall not
  apply.

            

    

    

    
      	
               

            	
              (ii)

            	
              Post-Retirement.
      Upon the death of an Officer receiving a service or disability benefit
      under this Plan who retired on or after December 31, 1986 or retired prior
      to that date but had not reached age 55 on or before December 31, 1983, a
      survivor annuity in the amount of 45% of such retired Officer's monthly
      benefit amount will be payable beginning on the day following the date of
      his or her death to the surviving lawful spouse of such retired
      Officer.

            

    

    

    
      
        9

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
              (iii)

            	
              Post-Retirement
      Transition Cases. In the case of a deceased Officer who retired prior to
      December 31, 1987, the survivor annuity payable under Section 4.02(d)(ii)
      above, shall be increased by the amount required, if any, to bring the
      total monthly survivor annuity payable under this Plan to an amount
      computed by multiplying the product of the average of such Officer's
      Standard Awards for a maximum of six (6) years prior to his or her
      retirement year and sixty-five hundredths percent (0.65%) by his or her
      Term of Employment, and dividing the result by twelve (12); the Standard
      Awards includable in this computation cannot exceed sixty percent (0.60%)
      of such Officer's Position Rate.

            

    

    

    
      	
               

            	
              (e)

            	
              Special
      Increases. Service and disability benefit payments, as determined under
      Sections 4.02(a) and (b), of retired Officers and service benefit
      payments, as determined under Section 4.02(b), of retired E-band
      Employees, and survivor annuities in pay status under Sections 4.02(d)(i),
      (d)(ii), and (d)(iii) shall be increased by the same percentage and
      pursuant to the same terms and conditions as are set forth for comparable
      payments, from time to time, in the Pension
  Plan.

            

    

    

    4.03.              Monthly
Payments.

    

    
      	
               

            	
              The
      annual benefit  determined under this Article 4 shall be divided
      by twelve (12) and shall be payable monthly or at such other periods as
      the Committee or the Administrator, as applicable, may determine in each
      case.

            

    

    

    4.04.              Commencement
and Duration of Payments

    

    
      	
               

            	
              (i)

            	
              Subject
      to the exception set forth in paragraph (ii) herein, benefits granted
      under this Plan shall commence on the date the benefits under the Pension
      Plan are first paid to the Participant and shall, except for the reasons
      specified in Sections 3.02(c), 4.05 and 9.12, continue to the death of the
      recipient.

            

    

    

    
      	
               

            	
              (ii)

            	
              Any
      benefit payable to an Officer pursuant to Section 4.02(c) who had at least
      five Years of Service as an Officer as of December 31, 1993 and as to whom
      the sum of his or her attained age and Term of Employment equaled or
      exceeded seventy (70) as of that date shall be payable as of the last day
      of his or her Term of Employment and shall, except for the reasons
      specified in Section 4.05 and Section 9.12, continue to his or her
      death.

            

    

    

    
      	
                      (iii)

            	
              Benefit
      amounts accrued and payable under this Article 4 but not actually paid at
      the time of death of a Participant shall be paid in accordance with the
      standards and procedures set forth in the Pension
  Plan.

            

    

    

    4.05.              Treatment
During Subsequent Employment.

     

     

    
      
        10

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
               

            	
              When
      a Participant's Term of Employment includes service with more than one
      Participating Company or with a company that is not a Participating
      Company, the last Participating Company to employ him or her immediately
      prior to his or her retirement or termination of employment with
      entitlement to a benefit hereunder shall be responsible for the full
      benefit under this Plan. Employment with any Participating Company
      subsequent to retirement or termination of employment with entitlement to
      any type of benefit under this Plan shall result in the permanent
      suspension of the benefit 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
      Pension Plan. Payment of a Participant's benefit under this Plan shall
      resume simultaneously with the recommencement of his or her benefits under
      the Pension Plan. Following recommencement of payment under this Plan, the
      Participant (or surviving lawful spouse) shall not be eligible to receive
      any payments under this Plan that would otherwise have been payable but
      for the suspension.

            

    

    

    4.06.              Method
and Form of Payment.

    

    
      	
               

            	
              Payments
      under this Article 4 shall be made in the same manner as set forth under
      the Pension Plan.

            

    

    

    

    ARTICLE
5

    DEATH
BENEFITS

    

    5.01.              Participation.

    

    
      	
               

            	
              Upon
      the death of an active Officer or an Officer who, on or after August 10,
      1980, retires on a service or disability pension under the Pension Plan
      (excluding for purposes of this Section 5.01 the effect of any management
      pension enhancement pursuant to Section 4.2(h) of the Pension Plan) or who
      terminates employment with eligibility to receive payments under the Long
      Term Disability Plan, a Death Benefit shall be provided under this Article
      5. The Death Benefits under this Article 5 are in addition to the
      accident, sickness and pensioner death benefits under the Death Benefit
      Plan in the Pension Plan and shall be paid to the same beneficiary or
      beneficiaries and administered in the same manner as such benefits under
      the Pension Plan.

            

    

    

    5.02.              Death
Benefits.

    

    
      	
               

            	
              (a)

            	
              Primary
      Death Benefit.  In the case of the death of an Officer described
      in Section 5.01 a benefit equal to one year's wages shall be
      paid.

            

    

    

    
      	
               

            	
              (i)

            	
              Death
      Prior to June 1, 1991. For purposes of determining the benefit payable
      under this Section 5.02(a) with respect to an Officer who dies on or after
      August 10, 1980 but prior to June 1, 1991, one year's wages is defined as
      the lesser of the Officer's Standard Award in effect as of the earlier of
      his or her retirement date, termination date or date of death, or the
      percentage shown below of his or her Position Rate as of the earlier of
      such dates:

            

    

    

    

    
      
        11

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Percentage

     

    Retirement, Termination or
Death:                                                                                                of Position
Rate

    

    

    On or After September 30, 1983
through May 31, 1991                     60%

    

    October 31, 1981 through September
29,
1983                                                                             50%

    

    August 10, 1980 through October 30,
1981                                                                                  15%

    

    
      	
               

            	
              (ii)

            	
              Death
      On or After June 1, 1991. For purposes of determining the benefit payable
      under this  Section 5.02(a) with respect to an Officer who dies
      on or after June 1, 1991, one year's wages is defined as the greater of
      (A) his or her Short Term Award for the calendar year preceding the
      earlier of his or her date of death or date of retirement, or (B) the
      Officer's Short  Term Award payable with respect to any later
      partial calendar year period of
service.

            

    

    

    
      	
               

            	
              b)

            	
              Other
      Post-Retirement Death Benefits. An additional death benefit described in
      this Section 5.02(b) shall be provided under this Plan in the case of an
      Officer who retires on a service or disability Pension under the Pension
      Plan after December 31, 1986, or before such date provided he or she did
      not attain age 55 on or before December 31, 1983. The death benefits under
      Section 5.02(b)(ii) are provided also in the case of an Officer who
      terminates employment with entitlement to Long Term Disability Plan
      payments.

            

    

    

    
      	
               

            	
              (i)

            	
              Group
      Life Differential. Upon the death of an Officer age 66 or older who
      retired after December 31, 1986, and before October 1, 1990, the
      difference between the amount of his or her Basic Group Life Insurance
      under the Company's Group Life Insurance Program which was in effect on
      the day before his or her sixty-sixth (66) birthday and the amount of such
      insurance in effect on the date of his or her death shall be paid in a
      lump sum to a beneficiary or beneficiaries designated by the Officer, or,
      if there is no such beneficiary, to the Officer's
  Estate.

            

    

    

    
      	
               

            	
              (ii)

            	
              Tax
      Differential. An individual who is the beneficiary of a deceased retired
      Officer or an Officer who terminated employment with entitlement to Long
      Term Disability payments and who receives one or more of the benefits
      listed below, shall be eligible to receive, under this Section
      5.02(b)(ii), a tax differential payment related to the difference between
      the beneficiary's assumed Federal Income tax liability on such benefit or
      benefits and the beneficiary's assumed Federal Income Tax liability had
      such benefit or benefits been funded by the proceeds of a life insurance
      policy on the life of the retired
Officer:

            

    

     

    
 

    
      
        12

      

      
        
        

        
          

        

      

      
        
        

      

    

    

      
(A)            Post-Retirement
Survivo Annuity described in Section 4.02(d)(ii),

    

    (B)            Pensioner
Death Benefit described in Section 5.02(a),

    

    (C)           Group
Life Differential Death Benefit described in Section 5.02(b)(i),

    

    
      	
              (D)

            	
              Pensioner
      Death Benefit described in Paragraph 3 of Section 5 of the Pension Plan,
      and

            

    

    

    (E)         The
Death Benefit described in Section 5 of the Long Term Disability
Plan.

    

    Federal
Estate Tax and state and local inheritance or income taxes shall not be
considered in computing the tax differential payment under this Section
5.02(b)(ii).

    

    

    ARTICLE
6

    SOURCE OF
PAYMENT

    

    6.01.              Source
of Payments.

    

    
      	
               

            	
              AT&T
      may establish a trust to hold assets to be used to make benefit payments
      under the terms of this Plan, provided such trust does not cause the Plan
      to be "funded" within the meaning of ERISA. Funds invested hereunder
      shall, for purposes of this Plan, be considered to be part of the general
      assets of the Participating Company which invested the funds, and no
      Participant, beneficiary or lawful spouse shall have any interest or right
      in such funds. 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
      are insufficient to pay such benefits, costs, charges and expenses,
      AT&T or the responsible Participating Company shall pay such benefits,
      costs, charges and expenses from its general assets. In addition, AT&T
      may, in its sole discretion, direct that payments required under this Plan
      to any Participant or surviving lawful spouse be made through the purchase
      and distribution of one or more nontransferable annuity contracts or cause
      the trustee of the trust to purchase and distribute such annuity
      contracts. Any such purchase and distribution of an annuity contract shall
      be a full and complete discharge of the Plan's, AT&T's and the
      Participating Companies' liability for payments assumed by the issuer of
      the annuity contract. Further, the Senior 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 Senior 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 Senior 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.

            

    

     

    
 

    
      
        13

      

      
        
        

        
          

        

      

      
        
        

      

    

    6.02.              Unfunded
Status.

    

    
      	
               

            	
              The
      Plan at all times shall be entirely unfunded for purposes of the Internal
      Revenue Code of 1986 and ERISA, and, except as provided in Section 6.01,
      no provision shall at any time be made with respect to segregating any
      assets of a Participating Company for payment of any benefits hereunder.
      The Plan constitutes a mere promise by the Participating Company to make
      payments, if any, in the future. No Participant, surviving lawful 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 lawful 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.

            

    

    

    

    ARTICLE
7

    ADMINISTRATION
OF THE PLAN

    

    

    7.01.              Administration
and Authorities.

    

    
      	
               

            	
              The
      Plan shall be administered by the Company and it shall have full
      discretionary authority to manage and control the operation and
      administration of the Plan, including the power to interpret provisions of
      the Plan, make determinations of fact, promulgate rules and regulations,
      determine benefit eligibility of individual and classes of Participants
      (including, without limitation, determinations of a Participant's
      applicable Term of Employment, Position Rate and rate of pay), delegate
      its powers and duties hereunder to the Committee, the Administrator or
      others and take such other action as it shall find necessary and
      appropriate to implement the provisions of the Plan. The Committee and the
      Administrator may retain attorneys, consultants, accountants or other
      persons (who may be employees of the Company or an Affiliated
      Corporation)  to render advice and assistance and may delegate
      any of the authorities conferred on it to such persons as it shall
      determine to be appropriate to effect the discharge of its duties
      hereunder. The Company, the Affiliated Corporations and any of their
      Officers and E-band Employees shall be entitled to rely upon the advice,
      opinions, and determinations of any such persons. Any exercise of the
      authorities  set forth in this Section, whether by the Company,
      the Committee or its Delegate, or the Administrator, shall be final and
      binding upon the Company, its Affiliated Corporations, their officers,
      directors and affected Participants and
  beneficiaries.

            

    

    

    7.02.              Committee.

     

    
 

    
      
        14

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
               

            	
              The
      Company has delegated to the Committee authority to make the final
      determination to grant or deny claims for benefits under the Plan with
      respect to Participants, surviving lawful spouses, and other beneficiaries
      and to authorize disbursements according to the terms of the
      Plan.

            

    

    

    7.03.              Indemnification.

    

    
      	
               

            	
              No
      member of the Board, the Committee or the Administrator 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 a
      member of the Board, Committee or the Administrator nor for any mistake of
      judgment made in good faith, and AT&T shall indemnify and hold
      harmless each member of the Board, each member of the Committee, the
      Administrator and each other employee, officer, or director of AT&T or
      any Participating Company 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.

            

    

    

    7.04.              Benefit
Claims and Appeals

    

    
      	
               

            	
              (a)

            	
              Benefit
      Claims. All claims for benefit payments under the Plan shall be submitted
      in writing by Participants to the person designated by the Company to make
      determinations as to eligibility for benefits under the Plan and such
      person shall notify the Participant 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 reason or 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 Participant's request may be acted upon favorably, and (iv)
      explain the procedure for appealing the adverse
    determination.

            

    

    

    
      	
              (b)  

            	
              Benefit
      Appeals. A Participant whose claim for benefits has been denied 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.

            

    

     

    
 

    
      
        15

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    ARTICLE
8

    Adoption,
Amendment and Termination

    

    

    8.01.              Adoption
of Plan.

    

    
      	
               

            	
              Any
      Affiliated Corporation that participates in the Pension Plan may, with the
      consent of the Committee, elect to participate in the Plan. Such
      Affiliated Corporation shall become a Participating Company as of the date
      specified by the Committee in its resolution approving the participation
      of the Affiliated Corporation in the
Plan.

            

    

    

    
      	
              8.02.

            	
              Amendment
      and Termination.

            

    

    

    
      	
               

            	
              AT&T
      is the Sponsor of the Plan and the Board or its Delegate, may from time to
      time amend, modify or change the Plan as set forth in this document, and
      the Board or its Delegate (acting pursuant to the Board's delegations of
      authority then in effect) may 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 to any class or classes of
      Participant (and surviving lawful spouses). Any and all Plan amendments
      may be made without the consent of any Participant, surviving lawful
      spouse or beneficiary. Notwithstanding the foregoing, no such amendment,
      suspension or termination shall retroactively impair or otherwise
      adversely affect the rights of any Participant or surviving lawful spouse
      to benefits under the Plan to which they have previously become entitled
      as a result of a Participant's satisfaction of the vesting schedule of
      this Plan which is the same as and never will be greater than the vesting
      schedule under the Pension Plan.

            

    

    

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

    

    
      	
               

            	
              (a)

            	
              Subject
      to Section 9.01 of this Plan, in the event AT&T sells, spins off, or
      otherwise disposes of an Affiliated Corporation, or disposes of all or
      substantially all of the assets of an Affiliated Corporation such that one
      or more Participants terminate employment for the purposes of accepting
      employment with the purchaser of such stock or assets, any person employed
      by such Affiliated Corporation who ceases to be an employee of the Company
      or an Affiliated Corporation as a result of the sale, spin-off, or
      disposition shall be deemed to have terminated his or her employment with
      a Participating Company for all relevant purposes under this
      Plan.

            

    

    

    
      	
               

            	
              (b)

            	
              Notwithstanding
      the foregoing provisions of this Section 8.03, and subject to Section 9.01
      of this Plan, if the sale, spin-off, or other disposition of the stock or
      assets of an Affiliated Corporation is to a Successor Plan Sponsor with
      the effect that a Participant is or becomes a Transition Participant, the
      Successor Plan Sponsor shall be solely liable for the payment of the
      pension and death benefits described in this Plan, and the entitlement of
      the Transition Participant or his or her surviving lawful spouse or
      beneficiary to benefits under this Plan shall terminate. A Transition
      Participant shall not be considered to have terminated his or her
      employment with AT&T or a Participating Company for any purpose under
      this Plan.

            

    

    

    

    
      
        16

      

      
        
        

        
          

        

      

      
        
        

      

    

    ARTICLE
9

    GENERAL
PROVISIONS

    

    9.01.              Binding
Effect.

    

    
      	
               

            	
              The
      Plan shall be binding upon and inure to the benefit of each Participating
      Company and its successors and assigns, and each Participant, employee,
      his or her successors, assigns, designees, spouse, 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,
      but 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,
      employees and surviving lawful spouses 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 and assumption that
      results in a Participant continuing to be employed by the Company or an
      Affiliated Corporation, the term "Participating Company" shall refer to
      such other corporation and the Plan shall continue in full force and
      effect as to that Participant and his or her lawful spouse or other
      beneficiary.

            

    

    

    
      	
              9.02.

            	
              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 contract of
      any kind, or a fiduciary relationship between or among AT&T, any other
      Participating Company, any Affiliated Corporation, the Board, the
      Administrator, the Committee, any Participant, employee, any surviving
      lawful spouse or any other person.

            

    

    

    9.03.              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 employee 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 the Participating Company to discharge or
      dismiss any employee at any time.

            

    

    

    9.04.              Tax
Withholding.

     

    
 

    
      
        17

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
               

            	
              AT&T
      shall withhold all federal, state, local or other taxes required by law to
      be withheld from payments or accruals under the
  Plan.

            

    

    

    9.05.              Assignment
of Benefits.

    

    
      	
               

            	
              The
      benefits payable hereunder or the right to receive future benefits under
      the Plan may not be anticipated, alienated, sold, transferred, assigned,
      pledged, executed upon, encumbered, or subjected to any charge or legal
      process; no interest or right to receive a benefit may be taken, either
      voluntarily or involuntarily, for the satisfaction of the debts of, or
      other obligations or claims against, such person or entity, including
      without limitation, any judgment or claim for alimony, support or separate
      maintenance pursuant to a domestic relations order within the meaning of
      Section 206(d)(3) of ERISA and claims in bankruptcy proceedings. Any such
      attempted disposition shall be null and
void.

            

    

    

    
      	
              9.06.

            	
              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 therefor 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 benefits with respect to
      such person are paid under the Pension Plan if applicable, or to the
      Participant's surviving lawful spouse, a child, a relative, an institution
      maintaining or having custody of such person, or to 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 therefor. If any payment
      to which a Participant 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.

            

    

    

    
      	
              9.07.

            	
              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.

            

    

    

    
      	
              9.08.

            	
              Effective
      Date.

            

    

     

    
 

    
      
        18

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
               

            	
              This
      Plan first became effective for Officers actively employed on or after
      October 1, 1980 and for E-band Employees actively employed on or after on
      January 1, 1984 and is amended and restated effective January 1,
      1995.

            

    

    

    
      	
              9.09.

            	
              Plan
      Year.

            

    

    

    
      	
               

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

            

    

    

    
      	
              9.10.

            	
              Headings.

            

    

    

    
      	
               

            	
              The
      captions of the preceding 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 provision of the
  Plan.

            

    

    

    9.11.            Governing
Law.

    

    
      	
               

            	
              To
      the extent such laws are not preempted by the laws of the United States of
      America, the Plan shall be governed by the laws of the State of New
      Jersey, except as to its principles of conflict of
  laws.

            

    

    

    9.12.            Forfeiture
of Benefits.

    

    
      	
               

            	
              Except
      as provided in this  Section 9.12 and Section 3.02, benefits
      previously awarded may not be canceled and, upon attaining the right under
      the Plan for an immediate service benefit or deferred benefit or for an
      automatic survivor annuity, such right shall be nonforfeitable.
      Notwithstanding any eligibility or entitlement to benefits of an
      individual arising or conferred under any other provision or paragraph of
      this Plan, all benefits for which a Participant would otherwise be
      eligible hereunder may be forfeited, at the discretion of the Board or the
      Committee, if an individual without the Company's consent establishes a
      relationship with a competitor of the Company or engages in activity in
      conflict with or adverse to the interests of the Company under the
      standards of the AT&T Non-Competition Guideline and as determined by
      the Board or the Committee in its sole
  discretion.

            

    

    

    
      	
              9.13.

            	
              Option
      During Disability.

            

    

    

    
      	
               

            	
              If
      an employee who has left the service of a Participating Company has
      elected to continue receiving disability benefits which he or she had been
      receiving prior to his or her termination and to defer receiving pension
      payments under the Pension Plan to which he or she is eligible, benefits
      under the Plan shall be deferred until such time as the employee begins to
      receive payments under the Pension
Plan.

            

    

    

    9.14.            Special
Classification.

     

    
 

    
      
        19

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
               

            	
              For
      purposes of the Plan, the determination of those causes of death not
      classified as due to accident shall be accomplished in the same manner as
      set forth in the Pension Plan.

            

    

    

    9.15.            Claims
Release.

    

    
      	
               

            	
              In
      case of accident resulting in the death of a Participant which entitles
      his or her beneficiaries or his or her annuitant to death benefits under
      the Plan, such beneficiaries or annuitant shall, prior to the payment of
      any such benefits, sign a release, releasing the Company or other
      Participating Companies, as applicable, from all claims and demands which
      the deceased had and which his or her beneficiaries or his or her
      annuitant may have against them, otherwise than under the Plan, on account
      of such accident. If any persons other than the beneficiaries under this
      Plan might legally assert claims against a Participating Company on
      account of the death of the individual, no part of the death benefit under
      the Plan shall be due or payable until there have also been delivered to
      the Committee or the Administrator, as applicable, good and sufficient
      releases of all claims, arising from or growing out of the death of the
      individual, which such other persons might legally assert against any
      Participating Company. The Committee or the Administrator, as applicable,
      in its discretion, may require that the releases described above shall
      release any other company connected with the accident, including the
      Company or any other Participating Company, as applicable. This
      requirement of a release or releases shall not apply in the case of
      Survivor Annuities as described in Section
  4.02(d).

            

    

    

    9.16.            Damage
Claims or Suits.

    

    
      	
               

            	
              Should
      a claim other than under the Plan be presented or suit brought against the
      Company or any Participating Company for damages on account of death of a
      Participant, nothing shall be payable under the Plan on account of such
      death except as provided in Section 9.17; provided, however, that the
      Committee or the Administrator, as applicable, may, in its discretion and
      upon such terms as it may prescribe, waive this provision if such claim be
      withdrawn or if such suit be discontinued; and provided further that this
      provision shall not preclude the payment of Survivor Annuities as
      described in Section 4.02(d).

            

    

    

    
      	
              9.17.

            	
              Judgment
      or Settlement.

            

    

    

    
      	
               

            	
              In
      case any judgment is recovered against any Participating Company or any
      settlement is made of any claim or suit on account of the death of a
      Participant, and the amount paid to the beneficiaries who would have
      received benefits under the Plan is less than what would otherwise have
      been payable under the Plan, the difference between the two amounts may,
      in the discretion of the Committee or the Administrator, as applicable, be
      distributed to such beneficiaries.

            

    

    

    9.18.            Payment
under Law.

     

    
 

    
      
        20

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
               

            	
              In
      the case of any benefit (which the Committee or the Administrator, as
      applicable, shall determine to be of the same general character as a
      payment provided by the Plan)that is payable to any Participant, to his or
      her beneficiaries, his or her estate or his or her annuitant under any law
      now in force or hereafter enacted, only the excess, if any, of the amount
      prescribed in the Plan above the amount of such payment prescribed by law
      shall be payable under the Plan; provided, however, that no benefit
      payable under the Plan shall be reduced by reason of any governmental
      benefit or pension payable on account of military service or by reason of
      any benefit which the recipient would be entitled to receive under the
      Social Security Act or Railroad Retirement Act. In those cases where,
      because of differences in the beneficiaries or in the time or methods of
      payment or otherwise, the determination of any such excess is not
      ascertainable by mere comparison but adjustments are necessary, the
      Committee or the Administrator, as applicable, shall, in its discretion,
      determine whether or not in fact any such excess exists and make the
      adjustments necessary to carry out in a fair and equitable manner the
      spirit of the provision for the payment of any such excess. Further, in
      determining whether or not there is an excess, to the extent any payments
      under any law are considered in determining whether there is any excess
      payable to an employee under any other comparable plan sponsored by the
      Company, the amount of such payments under law shall not be considered
      under this Plan.

            

    

    

    9.19.            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
    8.02.

            

    

    
      
        21

      

      
        
        

        
          

        

      

      
        
        

      

    

    Appendix
A

    

    Prior Pension
Formulas

    

    
      	
               

            	
              The
      pension formulas in effect for retirements between the period from August
      10, 1980 to April 14, 1991, inclusive, are outlined below. The Basic
      Formula shown in Part 1. applies solely to Officers; the Alternate Formula
      in Part 2. applies to all participants for service benefit purposes only,
      and an Officer is entitled to the greater benefit provided under either
      the Basic Formula or Alternate
Formula.

            

    

    

    Part 1 - Basic
Formula:

    

    
      	
               

            	
              The
      product of one and six tenths percentum (1.6%) and an Officer's Adjusted
      Career Income. The early retirement discounts shown is Paragraphs 3(b)(ii)
      and 4(b)(i) of Section 4 of the Plan apply to pension benefits under this
      Formula.

            

    

     

          "Adjusted Career Income" is
calculated in two steps:

    

    
      	
               

            	
              Step
      1 - Determine the average of the amount of short term  incentive
      awards or standard awards up to a permitted maximum amount which were paid
      or effective during a specified pay base period and multiply this average
      amount by Term of Employment completed as of the end of the pay base
      period;

            

    

    

    
      	
               

            	
              Step
      2 - Total the amount of the applicable awards after the pay base period to
      retirement and add this amount to the amount calculated under Step
      1.

            

    

    

    The components of the adjusted career
income calculation are shown below:

    

     

    

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        	 	 	
                Type
      of Award

              	
                Type
      of Award

              	
                Limitation
      on Amount

              
	 	 	 	 	 
	 	 	 	 	 
	
                Date
      of

              	
                Pay
      Base

              	
                Includable
      in

              	
                Includable
      after

              	
                of
      Award Includable in

              
	 	 	 	 	 
	
                Retirement

              	
                Period

              	
                Pay
      Base Period*

              	
                Pay
      Base Period*

              	
                Pension
      Computation

              
	 	 	 	 	 
	 	 	 	 	 
	
                8-10-80
      to

              	
                1-1-75
      to

              	
                Actual
      Short Term

              	
                Actual
      Short Term

              	
                15%
      of Position Rate

              
	 	 	 	 	 
	
                1-30-82

              	
                12-31-79

              	
                Incentive
      Award

              	
                Incentive
      Award

              	 
	 	 	 	 	 
	 	 	 	 	 
	
                1-31-82
      to

              	
                10-1-76
      to

              	
                Actual

              	 Actual
      for 1981 and	50%
      of Position Rate
	 	 	 	 	 
	 9-29-83	 9-30-81	 	 1982	 ;

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    
      
        	
                 

              	
                 

              	 	
                 

              	
                 

              
	
                9-30-83
      to

              	
                10-1-77
      to

              	
                Actual

              	
                Actual
      for 1982;

              	
                60%
      of Position Rate

              
	 	 	 	 	 
	 	 	 	 	 
	
                1-30-86

              	
                9-30-82

              	 	
                Standard
      for 1983

              	 
	 	 	 	 	 
	 	 	 	
                and
      after

              	 
	 	 	 	 	 
	 	 	 	 	 
	
                1-31-86
      to

              	
                7-1-79
      to

              	
                Actual
      to 1-1-83;

              	
                Standard

              	
                60%
      of Position Rate

              
	 	 	 	 	 
	
                5-30-88

              	
                6-30-85

              	
                Standard
      for 1983

              	 	 
	 	 	 	 	 
	 	 	
                and
      after

              	 	 
	 	 	 	 	 
	
                5-31-88
      to

              	
                1-1-84
      to

              	
                Standard

              	
                Standard

              	
                60%
      of Position Rate

              
	 	 	 	 	 
	 	 	 	 	 
	
                4-14-91

              	 	
                6-30-85

              	 	 

      

    

     

    

    
      	
              *

            	
              Awards
      for partial years during and after the Pay Base Period and for the year of
      retirement are prorated. In addition, no award is includable for the year
      of retirement if an Officer does not complete at least 3 months of Active
      Service during such year.

            

    

    

    
      
        23

      

      
        
        

        
          

        

      

      
        
        

      

    

    Appendix
A

    

    Part 2 - Alternate
Formula:

    

    Provisions applicable from
January 2, 1984 through May 30, 1988

    

    The
following Alternate Formula was effective for retirements on or after January 2,
1984 through May 30. 1988:

    

    
      	
               

            	
              A.

            	
              The
      product of one and two-tenths percentum (1.2%) and Adjusted Career Average
      Pay,

            

    

    

    PLUS

    

    
      	
               

            	
              B.

            	
              Ten
      dollars ($10.) and the product of five-hundredths percentum (.05%) and the
      difference between the Covered Compensation Base for the year of
      retirement and the Adjusted Career Average
Pay.

            

    

    

    TIMES

    

    C.        Term
of employment at retirement,

    

    MINUS

    

    
      	
               

            	
              D.

            	
              Annual
      Service pension payable under the Pension Plan before reduction for a
      Survivor Annuity or early
retirement.

            

    

    

    
      	
               

            	
              The
      early retirement discount described in Appendix C of this Plan applies to
      the amounts computed under the Alternate
  Formula.

            

    

    

    
      	
               

            	
              "Adjusted
      Career Average Pay" in the case of an Officer is calculated by dividing
      the sum of the total Adjusted Career Income under the Basic Formula of
      this Plan in effect at retirement and the total Adjusted Career Income
      under the Pension Plan formula in effect at retirement by such Officer's
      Term of Employment at retirement.

            

    

    

    
      	
               

            	
              "Adjusted
      Career Average Pay" for an E-band Employee is Calculated by dividing the
      total Adjusted Career Income under the Pension Plan formula in effect at
      retirement by such employee's Term of Employment at
      retirement.

            

    

    

    

    Provisions applicable from
May 31, 1988 through October 18, 1993

    

    The
following Alternate Formula was effective for retirements on or after May 31,
1988 through October 18. 1993:

     

     

    
      
        24

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
               

            	
              A.

            	
              The
      product of one and seven-tenths percentum (1.7%) and Adjusted Career
      Average Pay,

            

    

    

    MINUS

    

    B.        The
product of eight-tenths (0.8%) and the Covered Compensation Base,

    

    TIMES

    

    C.        Term
of employment at retirement,

    

    MINUS

    

    
      	
               

            	
              D.

            	
              Annual
      Service pension payable under the Pension Plan before reduction for a
      Survivor Annuity or early
retirement.

            

    

    

    
      	
               

            	
              The
      early retirement discount described in Appendix C of this Plan applies to
      the amounts computed under the Alternate
  Formula.

            

    

    

    
      	
               

            	
              "Adjusted
      Career Average Pay" is calculated by dividing the sum of the total
      Adjusted Career Income under the Basic Formula of this Plan in effect at
      retirement and the total Adjusted Career Income under the Pension Plan
      formula in effect at retirement by such Officer's Term of Employment at
      retirement.

            

    

    

    

    Part 3 - Waiver of Death
Benefit

    

    
      	
               

            	
              Waiver
      of the Death Benefit. If an Officer is deemed to have waived the death
      benefit under the Pension Plan, he or she will be deemed to have waived
      such death benefits pursuant to this Plan as well, provided he or she
      either died before January 1, 1987 or he or she retired or terminated
      employment before December 31, 1986 and had attained age 55 on or before
      December 31, 1983; if a prior waiver by an Officer of death benefits under
      the Pension Plan is deemed rescinded under the Pension Plan, such waiver
      is deemed rescinded under this Plan effective December 31,
      1986.

            

    

    

    

    
      
        25

      

      
        
        

        
          

        

      

      
        
        

      

    

    APPENDIX
B

    

    Section
4.02(c) Alternate Minimum Formula - Table of Factors

    

                  Age

                  50
or
less  51     52     53     54     55     56     57     58     59     60     61     62     63     64     65

    

    Service

    

      20
or
less  1.33        1.33   1.33   1.36   1.43   1.47   1.43   1.38   1.33   1.28   1.25   1.20   1.15   1.10   1.05   1.00

     

      21          1.38        1.32   1.32   1.35   1.42   1.46   1.42   1.37   1.32   1.27   1.24   1.19   1.14   1.09   1.05   1.00

     

      22          1.42        1.37   1.31   1.34   1.41   1.45   1.41   1.36   1.30   1.26   1.23   1.18   1.14   1.09   1.05   1.00

     

      23          1.47        1.41   1.36   1.33   1.40   1.44   1.40   1.35   1.29   1.25   1.22   1.17   1.13   1.09   1.04   1.00

     

      24          1.52        1.46   1.40   1.39   1.39   1.43   1.39   1.34   1.29   1.24   1.21   1.17   1.12   1.08   1.04   1.00

     

      25          1.58        1.51   1.45   1.43   1.45   1.42   1.38   1.33   1.28   1.23   1.20   1.16   1.12   1.08   1.04   1.00

     

      26          1.57        1.50   1.44   1.42   1.44   1.41   1.37   1.32   1.27   1.22   1.19   1.15   1.11   1.08   1.04   1.00

     

      27          1.57        1.49   1.43   1.42   1.43   1.40   1.36   1.31   1.26   1.21   1.18   1.15   1.11   1.07   1.04   1.00

     

      28          1.56        1.48   1.42   1.41   1.43   1.39   1.36   1.31   1.25   1.21   1.18   1.14   1.11   1.07   1.04   1.00

     

      29          1.55        1.48   1.42   1.40   1.42   1.39   1.35   1.30   1.25   1.20   1.17   1.14   1.10   1.07   1.03   1.00

     

      30          1.38        1.36   1.33   1.35   1.39   1.38   1.34   1.29   1.24   1.19   1.17   1.13   1.10   1.07   1.03   1.00

     

      31          1.38        1.35   1.33   1.34   1.39   1.37   1.34   1.29   1.24   1.19   1.16   1.13   1.10   1.06   1.03   1.00

     

      32          1.37        1.35   1.32   1.34   1.38   1.37   1.33   1.28   1.23   1.18   1.16   1.12   1.09   1.06   1.03   1.00

     

      33          1.37        1.34   1.32   1.34   1.38   1.36   1.33   1.28   1.23   1.18   1.15   1.12   1.09   1.06   1.03   1.00

     

      34          1.36        1.34   1.31   1.33   1.37   1.36   1.32   1.27   1.22   1.17   1.15   1.12   1.09   1.06   1.03   1.00

     

      35
or
more  1.36        1.33   1.31   1.33   1.37   1.35   1.32   1.27   1.22   1.17   1.14   1.11   1.09   1.06   1.03   1.00

     

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    APPENDIX
C

    

    

    Section
4.02(b) Alternate Formula

    Early
Retirement Factors Based Upon Attained Years and Months of Age

    

    Attained Age

    

    YearsMonths

    

    

                 
0      
1         
2       
3        
4        
5       
6       
7       
8        
9       10      
11      12

     50     .29      .29     .30      .30      .31      .31    .32     .32      .32     .33     .33     .34

    

     51     .34      .34     .35      .35      .36      .36    .37     .37      .37     .38     .38     .39

    

     52     .39      .40     .40      .41      .42      .42    .43     .44      .44     .45     .46     .46

    

     53     .47      .48     .48      .49      .50      .50    .51     .52      .52     .53     .54     .54

    

     54     .55      .56     .57      .57      .58      .59    .60     .60      .61     .62     .63     .63

    

     55     .64      .64     .66      .66      .66      .66    .67     .67      .67     .67     .69     .69

    

     56     .69      .69     .71      .71      .71      .72    .72     .72      .74     .74     .74     .76

    

     57     .76      .76     .78      .78      .78      .79    .79     .79      .81     .81     .81     .83

    

     58     .83      .83     .84      .84      .86      .86    .88     .88      .88     .90     .90     .91

    

     59     .91      .91     .93      .93      .95      .95    .97     .97      .97     .98     .98    1.00

    

     60    1.00

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00137-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00137-of-00352.parquet"}]]