Exhibit(10)(iii)(A)(17.10)
AMENDMENT TO
CINCINNATI BELL MANAGEMENT
PENSION PLAN
The Cincinnati Bell Management
Pension Plan (the “Plan”) is hereby amended, effective
as of January 1, 1997 and in order (i) to revise the
Plan’s definition of an accrued benefit in accordance with a
request of the Internal Revenue Service made in connection with
such organization’s review of the Plan as restated effective
as of January 1, 1997 and (ii) to make certain
corresponding or clarifying changes in other provisions of the
Plan, in the following respects.
1. Subsection 2.1.1 of the Plan is
amended in its entirety to read as follows.
2.1.1 “Accrued Benefit”
means, when applied to any Participant and his interest as of any
specified date under this Plan, under the Prior Pension Plan, or
under a plan which merges into this Plan or has its assets and
liabilities attributable to the Participant transferred to this
Plan (for purposes of this Subsection 2.1.1, a “merged
plan”), the monthly amount of the benefit to which the
Participant would be entitled under the Plan, under the Prior
Pension Plan, or under the merged plan, as the case may be:
(i) if the Participant permanently ceased to be an Employee as
of the specified date (if he has not already done so); (ii) if
the Participant was fully vested in ( i.e. , had a
nonforfeitable right to) his benefit under the Plan, under the
Prior Pension Plan, or under the merged plan, as the case may be,
as of the specified date (even if he is not yet fully vested in
such benefit); and (iii) if the Participant’s benefit
under the Plan, under the Prior Pension Plan, or under the merged
plan, as the case may be, is paid in the form of a Single Life
Annuity commencing as of the Participant’s Normal Retirement
Date (or, if the specified date is later than the
Participant’s Normal Retirement Date, commencing as of the
specified date).
(a) For purposes of the Plan, when a
Participant’s “Accrued Benefit” as of any
specified date is to be determined under the other provisions of
this Plan based on the amount credited to the Participant’s
Cash Balance Account, then the Participant’s “Accrued
Benefit” as of the specified date is determined:
(1) first, by determining the amount
that as of the specified date is credited to the
Participant’s Cash Balance Account;
(2) next, in the event (and only in
the event) the specified date occurs before the Participant’s
Normal Retirement Date, by projecting the amount determined under
subparagraph (1) immediately above from the specified date to
the Participant’s Normal Retirement Date at an interest rate
of 4% per annum (which is the interest rate used under the
Plan to determine interest rate credits to the Participant’s
Cash Balance Account after the Participant has ceased to be an
Employee, assuming that the Participant does not elect to reduce
that rate in return for a pre-retirement death benefit that
otherwise could be provided under the Plan); and
(3) next and last, by dividing the
amount determined under subparagraph (1) above, as projected
to the Participant’s Normal Retirement Date under the
provisions of subparagraph (2) immediately above in the event
the
1
specified date occurs before the
Participant’s Normal Retirement Date, by both (i) 9.7
(which is the annuity conversion rate used by the Plan pursuant to
Table 1 to this Plan to convert, at a Participant’s Normal
Retirement Date or a later date, the Participant’s Cash
Balance Acco
