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Compensation Deferral Plan

 

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Title:

Compensation Deferral Plan

Entities:

Bottling Group LLC

Date:

2008

Size:

68KB total

Price:

$44

ID:

#3273159

 

 

► Plans ► Deferral ► Compensation Deferral Plans

 

 

Start of Preview

















BELLSOUTH
COMPENSATION DEFERRAL PLAN
(As Amended and Restated Effective as of January 1, 2005)



      
        58149v19      
    

BELLSOUTH COMPENSATION DEFERRAL PLAN
(As Amended and Restated Effective as of January 1, 2005)


TABLE OF CONTENTS

BACKGROUND AND PURPOSE
1
     
ARTICLE I ? DEFINITIONS
2
     
1.1
?Account?
2
     
1.2
?Affiliate?
2
     
1.3
?Base Salary?
2
     
1.4
?BellSouth?
2
     
1.5
?Beneficiary?
2
     
1.6
?Board?
2
     
1.7
?Business Day?
2
     
1.8
?Code?
2
     
1.9
?Company Stock?
2
     
1.10
?Compensation?
3
     
1.11
?Credited Interest Rate?
3
     
1.12
?Deferral Contributions?
3
     
1.13
?Deferral Election?
3
     
1.14
?Effective Date?
3
     
1.15
?Election Deadline?
3
     
1.16
?Election Package?
3
     
1.17
?Eligible Employee?
3
     
1.18
?ERISA?
4
 
58149.19
i
     
1.19
?Interest Income Option?
4
     
1.20
?Interest Income Subaccount?
4
     
1.21
?Investment Election?
4
     
1.22
?Investment Options?
4
     
1.23
?Merger?
4
     
1.24
?Participant?
4
     
1.25
?Participating Company?
4
     
1.26
?Plan?
 4
     
1.27
?Plan Administrator?
4
     
1.28
?Plan Year?
5
     
1.29
?Rabbi Trust Agreements?
5
     
1.30
?Section 409A?
5
     
1.31
?Senior Manager?
5
     
1.32
?Short Term Bonus Plan?
5
     
1.33
?Stock Unit?
5
     
1.34
?Stock Unit Option?
5
     
1.35
?Stock Unit Subaccount?
5
     
1.36
?Valuation Date?
5
     
ARTICLE II ? ELIGIBILITY AND PARTICIPATION
6
     
2.1
Annual Participation
6
     
2.2
Election Procedures
6
     
2.3
Cessation of Eligibility
6
     
2.4
Limitations on New Elections
6
 
58149.19

ii


ARTICLE III ? PARTICIPANTS? ACCOUNTS; DEFERRAL CONTRIBUTIONS
7
       
3.1
Participants? Accounts
7
 
(a)
Establishment of Accounts
7
 
(b)
Nature of Contributions and Accounts
7
 
(c)
Several Liabilities
7
 
(d)
General Creditors
7
       
3.2
Deferral Contributions
7
 
(a)
Effective Date
7
 
(b)
Term
8
 
(c)
Deferral Election Amount
8
 
(d)
Revocation
8
 
(e)
Crediting of Deferred Compensation
8
       
3.3
Deferral Elections and Multiple Participating Companies
8
       
3.4
Vesting
9
       
3.5
Debiting of Distributions
9
       
ARTICLE IV - DETERMINATION AND CREDITING OF INVESTMENT RETURN
10
       
4.1
General Investment Parameters
10
       
4.2
Participant Direction of Deemed Investments
10
 
(a)
Nature of Participant Direction
10
 
(b)
Investment of Contributions
10
 
(c)
Investment of Existing Account Balances
10
 
(d)
Investment Subaccounts
10
       
4.3
Stock Unit Option
11
 
(a)
Stock Unit Subaccount
11
 
(b)
Cash Dividends
11
 
(c)
Adjustments
11
       
4.4
Interest Income Option
12
 
(a)
Interest Income Subaccount
12
 
(b)
Crediting of Deemed Interest
12
   
(i)   Amount Invested
12
   
(ii)  Determination of Amount
12
       
4.5
Good Faith Valuation Binding
12
       
4.6
Errors and Omissions in Accounts
12
 
 
58149.19
iii
ARTICLE V - PAYMENT OF ACCOUNT BALANCES
13
       
5.1
Benefit Amounts
13
 
(a)
Benefit Entitlement
13
 
(b)
Valuation of Benefit
13
 
(c)
Conversion of Stock Units into Dollars
13
       
5.2
Elections of Timing and Form
13
 
(a)
Timing
13
 
(b)
Form of Distribution
13
 
(c)
Multiple Selections
14
       
5.3
Benefit Payments to a Participant
14
 
(a)
Timing
14
 
(b)
Form of Distribution
14
 
(c)
Valuation of Single Lump-Sum Payments
14
 
(d)
Valuation of Installment Payments
14
 
(e)
One-Time Modification of Certain Elections
14
 
(f)
Distributions to Section 409A Specified Employees
15
     
 
5.4
Death Benefits
15
 
(a)
General
15
 
(b)
Valuation
15
     
 
5.5
Beneficiary Designation
15
 
(a)
General
15
 
(b)
No Designation or Designee Dead or Missing
16
 
(c)
Death of Beneficiary
16
       
5.6
Taxes
  
16
       
ARTICLE VI ? CLAIMS
17
     
 
6.1
Initial Claim
17
       
6.2
Appeal
17
       
6.3
Satisfaction of Claims
17
     
 
ARTICLE VII ? SOURCE OF FUNDS
18
       
ARTICLE VIII - PLAN ADMINISTRATION
19
       
8.1
Action by the Plan Administrator
19
 
(a)
Individual Administrator