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Date: March 18, 2019

To: Nokia CWA-Represented Employees

Re: Enhanced Special Voluntary Termination Program

Due to a surplus condition in certain base locations, US Field Force has decided to implement an Enhanced Special Voluntary Termination Program (Enhanced SVTP) to CWA-represented technicians located at the following base locations in accordance with paragraph E(5) of the 2014 Installation Effects Agreement memorandum of understanding.

Asbury Park, NJ Camden, NJ Newark, NJ Trenton, NJ Cincinnati, OH Columbus, OH Toledo, OH Allentown, PA Harrisburg, PA Philadelphia, PA Dallas, TX Houston, TX St Louis, MO Kansas City, MO Salt Lake City, UT Albuquerque, NM Denver, CO

The Enhanced SVTP

Under the terms of this offer, CWA-represented Installation employees are being given the opportunity to elect to leave Nokia (hereafter the “Company”) voluntarily with eligibility for the provisions of the Enhanced SVTP.

Eligible employees who wish to participate in this program must elect to do so by 12:00 PM (noon) local time on April 12, 2019. The Company will then determine which elections have been accepted. The last day on roll for volunteers who are accepted under this offer is Friday May 3, 2019 unless you are notified otherwise.

To assist you in deciding whether you want to participate in this voluntary program, please review the Enhanced SVTP Benefit Summary (Attachment 1) which includes:

- An explanation of the Special Pension Benefit (SPB) calculation (equivalent from 117% to 134.3% of the termination allowance you would be eligible to receive if involuntarily terminated)

- An explanation of the Enhanced Pension Benefit (EPB) of $20,000

- An explanation of the Five-Year Enhanced Transition Leave of Absence

- An explanation of the Expanded and Enhanced Social Security Supplement, and

- An explanation of the COBRA Extended Period for Company-Subsidized Benefit Coverage

In addition, the following information is important for you to consider as you determine whether the Enhanced SVTP is right for you:

- You will have a window during which time you can decide whether you want to participate in the offer, which shall be subject to the Company’s acceptance. Should you wish to participate in the Enhanced SVTP, the Employee Election Form (Attachment 2) must be signed by you and received by Nokia’s Americas Labor Relations no later than 12:00 PM (noon) on Friday April 12, 2019.

- If you do not submit an election form that is received by the above-stated deadline, you will be deemed to have declined to participate in the offer. After the election window closes, your decision to participate in, or decline, the Enhanced SVTP, is irrevocable.

- If you leave the Company under this enhanced voluntary program offer, you will be paid in lieu of any unused 2019 Paid Time Off for which you are eligible.

- If you leave the Company under this enhanced voluntary program offer, you will not be eligible for recall or termination allowances under the collective bargaining agreement.

- If you are accepted to participate in this Enhanced SVTP offer, benefits provided for under this offer are conditioned on you also signing and returning a Termination Agreement and Release (Attachment 3). If you do not sign the Termination Agreement and Release, you will not be paid any enhanced pension benefits following your termination, and you will not be reemployed or reinstated. You should not sign the Termination Agreement and Release until after the termination of your employment from Nokia.

- If you are accepted for the Enhanced SVTP offer, the Company reserves the right to delay your off roll date based on business needs. You will be notified by your management in writing if your off roll date will be later than May 3, 2019.

- If you decline this voluntary offer, you may or may not be eligible for these termination benefits again.

SUMMARY OF IMPORTANT DATES

March 18, 2019 – Beginning of Enhanced SVTP election window

April 12, 2019 (12:00 Noon)– Close of the Enhanced SVTP election window

April 19, 2019 – Notification of acceptance by the Company

May 3, 2019 – Last day on roll for those accepted by the Company

May 4, 2019 – First day off roll for those accepted by the Company

NEXT STEPS

Should you decide to participate in this Enhanced SVTP offer, please complete and sign the EMPLOYEE ELECTION FORM (Attachment 2), which must be received by Nokia no later than 12:00 PM (noon) local time on Friday April 12, 2019. If you elect to participate, you will receive a letter no later than April 19, 2019 indicating whether the Company has accepted your election to participate in the Enhanced SVTP.

If your election is accepted, your last day at work will be Friday May 3, 2019 (unless the Company notifies you otherwise in writing). Shortly after your last work day, a pension commencement package will be mailed to your home by the Pension Service Center. The package will include instructions on completing the necessary paperwork to initiate your benefits, subject to the Company receiving, and your not revoking, the Termination Agreement and Release.

Sincerely,

/s/ Jerry Delaney Senior Director, U.S. Field Force Operations

Attachments

(1) Enhanced SVTP Benefit Summary

(2) Employee Election Form

(3) Termination Agreement and Release

(4) Enhanced SVTP Frequently Asked Questions (FAQ)

(5) Wire Transfer Worksheet

ENHANCED SVTP BENEFIT SUMMARY ATTACHMENT 1

Enhanced SVTP Benefit Summary PAGE 1 OF 3

SUMMARY OF ENHANCED SVTP BENEFITS FOR CWA-REPRESENTED ELIGIBLE EMPLOYEES

March 18, 2019

Do not call the Nokia Benefits Resource Center (NBRC). Your Pension Estimate will be mailed to your home address on record on March 18, 2019. Please allow up to 5 business days for mail delivery. This estimate will include any benefit from the 5-Year Enhanced Transition Leave of Absence, if applicable. The following summary describes certain benefits that apply to eligible employees covered under the Enhanced SVTP. In the event that there is any conflict between the information provided herein and the 2014 Installation Effects Agreement, the 2014 Installation Effects Agreement shall control. Employees who receive these benefits are not eligible for recall or regular termination allowance under the collective bargaining agreement. Special Pension Benefit (“SPB”) equivalent from 117.0% to 134.3% (depending

upon term of employment) of the termination allowance the employee would have been eligible to receive if involuntarily terminated (see “SPB schedule” on the following page) • paid from the Pension Plan • employees have a choice of how to receive this benefit

- lump sum in cash, or roll over lump sum distribution into an IRA or another employer’s qualified plan, e.g. 401(k), where permitted

- single life annuity - joint and 50% survivor annuity - joint and 75% survivor annuity - joint and 100% survivor annuity (service pension eligible only) - 10-year certain annuity (service pension eligible only)

• employees can defer payment of cash lump sum or annuity until a future date



SPB SCHEDULE

Completed Years of Service

SPB Is the Equivalent of the Applicable Termination Allowance To Which Eligible If Laid Off Multiplied by This Percentage

0 0 1 134.30% 2 133.60% 3 132.90% 4 132.20% 5 131.40% 6 130.70% 7 130.00% 8 129.30% 9 128.60%

10 127.80% 11 127.10% 12 126.40% 13 125.70% 14 124.90% 15 124.20% 16 123.50% 17 122.80% 18 122.10% 19 121.30% 20 120.60% 21 119.90% 22 119.20% 23 118.40% 24 117.70%

25 or more 117.00%

Enhanced Pension Benefit of $20,000

• same distribution options as under SPB above 5-Year Enhanced Transition Leave of Absence

• applies to employees who as of the date their employment with Nokia ends are within 5 years of qualifying for a service pension because of age and/or service

• counts towards service pension-eligibility but does not apply to the pension benefit calculation

• pension can be commenced immediately • counts towards reducing discount for early retirement (under age 55 with less

than 30 years service – ½% a month under age 55 or 6%/yr); this also applies to employees who are service-pension-eligible and subject to the age discount at termination.



Expanded and Enhanced Social Security Supplement

• applies to employees who are eligible for a service pension with an age discount at the time of termination (including those covered by the Enhanced TLA)

• amount of the supplement equals the amount of the discount because of retirement prior to age 55

• payments continue until the first to occur of the attainment of age 62 or death of the retiree (normal provision is maximum of 12 years or age 62 whichever comes first)

COBRA – Extended Period for Company-Subsidized Benefit Coverage for

Employees Not Eligible for a Service Pension • Employees who leave the active payroll under the Enhanced SVTP and who are

not eligible for a service pension shall be entitled to continued coverage under the company’s medical and dental plans on the same basis as if actively employed (the employee is responsible for paying the monthly active rate contribution for the first 12 months of coverage, and the remaining 6-months of COBRA coverage will be billed at the COBRA rate).

EMPLOYEE ELECTION FORM PAGE 1 OF 1

EMPLOYEE ELECTION FORM ATTACHMENT 2

Enhanced Special Voluntary Termination Program

EMPLOYEE ELECTION FORM

Print Name: _____________________________ Nokia ID: __________________

Last Day on Payroll: May 3, 2019 (unless notified otherwise by the Company)

Work Address: __________________________________________________

Home Address: __________________________________________________

Contact Numbers: Home __________________ Mobile ____________________

I have reviewed and understand the provisions of the Enhanced Special Voluntary Termination Program (“Enhanced SVTP”) and the Termination Agreement and Release that I must sign in order to receive the benefits under the Enhanced SVTP. I request to participate in the Enhanced SVTP and understand that if the company accepts my request, my employment will voluntarily terminate on May 3, 2019 and that I will have no recall rights under the Collective Bargaining Agreement. I understand that, to participate in the program, I must submit this form so that it is received prior to 12:00 PM (NOON), April 12, 2019. I understand that, if I elect to participate in the program, I CANNOT revoke my decision after 12:00 PM (NOON) local time on Friday, April 12, 2019. I understand that if I do not timely submit my election, the company will have considered me to have declined the program. ________________________________________________________________ Employee Signature Date (Note: Only hand signatures will be accepted; typed electronic signatures will not be accepted)

Please return this completed and signed form to Americas Labor Relations by email to [email protected] before 12:00 PM (NOON) local time

on Friday, April 12, 2019

mailto:[email protected]

TERMINATION AGREEMENT AND RELEASE ATTACHMENT 3

TERMINATION AGREEMENT AND RELEASE PAGE 1 OF 3

TERMINATION AGREEMENT AND RELEASE In consideration of the fact that I have voluntarily and of my own free elected to leave Nokia of America Corporation (hereafter referred to as “Nokia” or the “Company”) and accept the Enhanced Special Voluntary Termination Program (“SVTP”) payment, and that my employer Nokia has agreed to pay me the SVTP payment subject to the terms of the Enhanced SVTP, I acknowledge and agree to the following: 1. I have been told by Nokia, and I understand, that I may elect, at my option, to receive the SVTP payment, but

that my election to receive the SVTP payment is expressly conditioned upon: (A) my signing this Termination Agreement and Release after the termination of my employment from Nokia (“Termination Date”), (B) returning it, postmarked within ninety (90) calendar days after the Termination Date to the SVTP Coordinator at Nokia, 600 Mountain Avenue, Room 6C 418 Murray Hill, NJ 07974-0636, and (C) not revoking it within the seven-day revocation period (or fifteen days for employees residing in Minnesota) set forth under Paragraph 13, below.

2. I realize that there are various state and federal laws that govern my employment relationship with Nokia

which, among other things, prohibit employment discrimination on the basis of age, color, race, national origin, gender, sexual preference/orientation, marital status, national origin, mental or physical disability, religious affiliation or military or veteran status, and which prohibit unlawful retaliation. I acknowledge that these laws are enforced through the courts and agencies such as the Equal Employment Opportunity Commission, Department of Labor, Occupational Safety and Health Administration and state human rights agencies. Such laws include, but are not limited to, Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act, as amended, 42 U.S.C. Section 1981, the Older Worker Benefits Protection act, the Americans with Disabilities Act, as amended, the Genetic Information Non-Discrimination Act, the Sarbanes-Oxley Act of 2002, as amended, the Family and Medical Leave Act, the Uniform Services Employment and Re-Employment Rights Act, the Worker Adjustment and Retraining Notification Act, the Fair Labor Standards Act of 1938, the Equal Pay Act, the Lilly Ledbetter Fair Pay Act, the Conscientious Employee Protection Act, the Employee Retirement Income Security Act, and these state and local law counterparts, including those prohibiting discrimination on the basis of age and other protected classes. In consideration of the SVTP payment provided for in this Termination Agreement and Release, the sufficiency of which is hereby acknowledged, I intend to give up any and all rights I have or may have under these or any other laws with respect to my employment at Nokia and the termination of that employment. I also acknowledge that no Nokia entity, officer, employee, agent or representative has: (a) discriminated against me, (b) retaliated against me, and/or (c) otherwise acted unlawfully toward me.

3. On behalf of myself, my heirs, executors, administrators, successors, and assigns, I release and discharge

Nokia, its affiliates, subsidiaries, divisions, successors and assigns, each of their respective past and present officers, directors, employees, benefit plans, plan administrators, benefit claim and appeal committees, agents and attorneys, and the respective heirs, executors, administrators, successors and assigns of each of the foregoing (herein, separately and collectively referred to as the “Releasees”), from any and all claims (including claims for attorneys’ fees and costs), charges, grievances, and causes of action which I have, may have, or may allege to have up until the date I sign this Termination Agreement and Release. The released and discharged claims include, but are not limited to, claims arising out of my employment at Nokia or the termination of my employment from Nokia. The released and discharged claims also include those arising under federal, state, or local laws prohibiting any forms of discrimination, retaliation, violations of a collective bargaining agreement, and other theories. Section 1542 of the Civil Code of the State of California states:

A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the Release, which if known by him must have materially affected his settlement with the debtor.



Notwithstanding the provisions of Section 1542 and similar laws of other states, and for the purpose of implementing a full and complete release and discharge of all Releases, I expressly acknowledge that this Termination Agreement and Release is intended to include not only claims that are known, anticipated or disclosed, but also claims that are unknown, unanticipated and undisclosed. However, I understand that I am not releasing any claims that may arise after I sign this Termination Agreement and Release.

4. On behalf of myself, my heirs, executors, administrators, successors, and assigns, I promise that no lawsuit,

claim or complaint will be filed or brought against any of the Releasees seeking personal recovery or personal injunctive relief relating the claims released and discharged under this Termination Agreement and Release, including but not limited to claims arising out of or related to my employment with Nokia and the termination of that employment. However, nothing contained in this Termination Agreement and Release shall prohibit me from bringing any action to enforce the terms of this Termination Agreement and Release. Furthermore, nothing contained in this Termination Agreement and Release limits my ability to file a charge or complaint with, or to participate in any investigation or proceeding by, the Equal Employment Opportunity Commission, the National Labor Relations Board, the Occupational Safety and Health Administration, the Securities and Exchange Commission, or any other federal, state or local governmental agency or commission (“Government Agencies”); however, I hereby waive any right to personal recovery (except as it may pertain to any award for information provided to the Securities and Exchange Commission) or personal injunctive relief in connection with any such charge or complaint against any Releasee. I further understand that this Termination Agreement and Release does not limit my ability to communicate with any Government Agencies, including providing documents or other information, so long as I do not disclose any attorney-client privileged information.

5. I expressly agree that I do not have any rights to re-employment, reinstatement or recall.

6. I understand that this Termination Agreement and Release in no way affects any rights I may have for any

vested benefits, if any, under the Nokia pension plan for occupational employees. 7. In addition, I agree to keep all proprietary Nokia information confidential and not to disclose it to any third

party in the future. As used in this Termination Agreement and Release, the term "proprietary Nokia information" includes, but is not limited to, technical, marketing, business, financial, personnel or other information which constitutes trade secret information or information not available to competitors of Nokia, the use or disclosure of which might reasonably be construed to be contrary to the interests of Nokia.

8. I have no knowledge of any wrongdoing involving improper or false claims against a federal or state

governmental agency, or other wrongdoing that involves me or other present or former employees of any Nokia entity.

9. I agree to cooperate with Nokia in its defense or preparation for any investigation, litigation, or other

proceeding by or against, or otherwise involving Nokia in any respect. Such cooperation includes complying with Nokia’s reasonable requests to participate in interviews, to review documents, records and other materials, or to testify or otherwise participate in the investigation or the proceedings. Nokia will compensate me for my reasonable travel and lodging expenses, but not for lost time or compensation from other employment.

10. I also agree that I will not at any time voluntarily make any statement, oral or written, which criticizes or is

disparaging of Nokia or its products, technical abilities, research, services, organizational structure, leadership, employees, and/or business and operational methods, including, but not limited to, communications with Nokia customers, suppliers or competitors. This paragraph does not prohibit accurate and truthful responses to compulsory legal process or testimony in legal proceedings. I will notify the Senior Vice President and Chief Legal Officer of Nokia promptly if served with any legal process calling for disclosure of information regarding Nokia.



11. I acknowledge that any tax liabilities and consequences that may result from my receipt of the SVTP payment is solely my responsibility, and I indemnify and hold the Company harmless from any liability for tax payments, tax withholdings, penalties, additions to tax, and/or interest which may result from my receipt of the SVTP payment. Further, I agree that the Company shall not be required to pay any further sum to me, or to any other person or entity, for any reason as part of this Termination Agreement and Release even if the tax liabilities and consequences to me are ultimately assessed in a fashion which I do not presently anticipate.

12. The construction, interpretation, and performance of this Termination Agreement and Release shall be

governed by the laws of the state in which I am working on the date of my termination from Nokia. 13. In the event that any one or more of the provisions contained in this Termination Agreement and Release

shall for any reason be held to be unenforceable in any respect under the law of any state or of the United States of America, such unenforceability shall not affect any other provisions of this Release, but, with respect only to that jurisdiction holding the provision to be unenforceable, this Release shall then be construed as if such unenforceable provision or provisions had never been contained herein.

14. I understand that, pursuant to the Older Workers Benefit Protection Act of 1990, I have the right and have

been advised to consult with an attorney before signing the Termination Agreement and Release, I have been given over forty-five (45) days to consider the Release before signing it, and I may revoke the Release within seven (7) calendar days after signing it (fifteen (15) calendar days if I reside in Minnesota). For revocation to be effective, written notice must be received by Nokia no later than the close of business on the seventh day after I sign this Termination Agreement and Release. I understand that this revocation can be made only by delivering the written notice of revocation to the SVTP Coordinator at Nokia, 600-700 Mountain Avenue, Room 6C 418, Murray Hill, NJ 07974-0636.

15. This Termination Agreement and Release contains the entire agreement between Nokia and me and fully

supersedes any and all prior agreement or understandings pertaining to the subject matter hereof. I represent and acknowledge that in executing this Termination Agreement and Release, I have not relied upon any representation or statement not set forth herein made by any of the Releasees or by any of the Releasees’ agents, representatives, or attorneys with regard to the subject matter of this Agreement.

BY SIGNING THIS TERMINATION AGREEMENT AND RELEASE, I STATE THAT: I HAVE READ THIS TERMINATION AGREEMENT AND RELEASE, I UNDERSTAND IT, AND I KNOW THAT I AM GIVING UP IMPORTANT RIGHTS; I AGREE WITH EVERYTHING IN IT; THE ONLY CONSIDERATION THAT I AM BEING GIVEN IN EXCHANGE FOR THIS RELEASE IS THE SVTP PAYMENT; I WAS ADVISED TO, AND I AM AWARE OF MY RIGHT TO CONSULT AN ATTORNEY BEFORE SIGNING IT; AND I HAVE SIGNED IT KNOWINGLY AND VOLUNTARILY. [NOTE: TO BE VALID, THIS RELEASE MUST BE SIGNED AND DATED AFTER THE TERMINATION OF YOUR EMPLOYMENT FROM NOKIA (THE “TERMINATION DATE”) AND RETURNED, POSTMARKED WITHIN NINETY (90) DAYS AFTER THE TERMINATION DATE TO THE SVTP COORDINATOR AT NOKIA, 600 MOUNTAIN AVENUE, ROOM 6C 418, MURRAY HILL, NJ 07974-0636. ANY RELEASE THAT IS SIGNED, DATED OR RETURNED BEFORE THE TERMINATION DATE OR POSTMARKED AFTER THE NINETY (90) DAY WINDOW WILL NOT BE ACCEPTED. FURTHER, ANY RELEASE THAT IS MODIFIED OR ALTERED WILL NOT BE ACCEPTED.] Employee Signature Employee Name Employee HRID#/UPI Date

Enhanced SVTP FAQ’s Attachment 4

Enhanced SVTP FAQ’s Page 1 of 10

THESE FREQUENTLY ASKED QUESTIONS (“FAQ’S”) AND ANSWERS PROVIDE GENERAL INFORMATION ABOUT NOKIA OF AMERICA CORPORATION’S (“NOKIA” OR “COMPANY”) ENHANCED SPECIAL VOLUNTARY TERMINATION PROGRAM (“ENHANCED SVTP”) AND RELATED BENEFITS FOR CERTAIN ELIGIBLE EMPLOYEES. THE ANSWERS PROVIDED HERE MAY BE CHANGED AT NOKIA’S DISCRETION AT ANY TIME, AND EMPLOYEES MAY OR MAY NOT BE NOTIFIED OF THE CHANGE(S) IN ADVANCE. THE CHANGE(S) MAY BE MINOR OR THEY COULD SIGNIFICANTLY DEVIATE FROM PAST OR CURRENT PRACTICES. THESE FAQ’S AND ANSWERS DO NOT CONSTITUTE A CONTRACT, EITHER EXPRESSED OR IMPLIED, AND THEY DO NOT CREATE ANY CONTRACTUAL RIGHTS. TO THE EXTENT THAT THERE IS ANY CONFLICT BETWEEN THE INFORMATION FURNISHED HERE AND ANY COLLECTIVE BARGAINING AGREEMENT OR EMPLOYEE BENEFIT PLAN, THE COLLECTIVE BARGAINING AGREEMENT AND/OR EMPLOYEE BENEFIT PLAN SHALL CONTROL.

General Questions

1. What is the Enhanced SVTP?

The Enhanced Special Voluntary Termination Program (“Enhanced SVTP”) is an enhanced special voluntary termination program agreed to by the Company and the Communications Workers of America (“CWA”) as part of the 2014 Installation Effects Agreement memorandum of understanding. The Enhanced SVTP applies to certain CWA-represented employees, as more fully explained below.

2. Who is eligible for the Enhanced SVTP?

You are eligible for the Enhanced SVTP and the benefits payable under the program if you are a Nokia CWA-represented employee: (i) who is covered by Installation Contract CWA-25 (excluding Communication Services Installers), (ii) who is actively employed by the Company (or are on an approved leave of absence with a guaranteed right of reinstatement); (iii) who has received a letter indicating there is currently a force surplus and that the Enhanced SVTP conditionally applies to you; (iv) whose election to participate in the program is accepted by the Company; and (v) who has timely signed and returned and not revoked a Termination Agreement and Release. Such employees are considered “Eligible Employees”.



3. If my election to participate in the Enhanced SVTP is accepted, what will I get?

Eligible Employees are eligible to receive a Five-Year Enhanced Transition Leave of Absence, Expanded and Enhanced Social Security Supplement, Special Pension Benefit, and Enhanced Pension Benefit of $20,000 subject to the claims and appeals process of the pension plan. In addition, Eligible Employees will be entitled to pay in lieu of any unused Paid Time Off for which they are eligible. These Enhanced SVTP benefits are in lieu of termination pay or other involuntary termination benefits or severance. Taxes and withholdings will apply.

4. If I am accepted for the Enhanced SVTP, when will my employment end?

If you are accepted for the Enhanced SVTP, your last day of employment is contained in your offer notification letter, unless delayed by the Company based on business needs. If your last day of employment is delayed, you will be notified in a separate letter.

5. If I am accepted for the Enhanced SVTP, will I be eligible to collect unemployment?

Each state has different eligibility criteria for unemployment compensation. Please contact your local unemployment office for additional information.

6. Even with the Enhanced Transition Leave of Absence provided in the Enhanced SVTP, I am still short a few weeks from becoming eligible for a service pension and retiree healthcare. Is there an option to apply for an additional Transitional Leave of Absence (TLA) so I can reach pension eligibility?

No. There is no additional TLA available under the Enhanced SVTP. The TLA under the Enhanced SVTP cannot be added to any other TLA. Even with the Enhanced Transition Leave of Absence some eligible employees will find that they are short by a few days, weeks or months from becoming eligible for a service pension.

7. Can I request a later off roll date under the Enhanced SVTP?

Employees may not unilaterally elect to extend their off-roll date. Under the agreement with the CWA, the Company may delay the off-roll date of select volunteers when, in the Company's discretion, the needs of the business would be adversely affected absent a delay. The intent of this delay is to provide a period of knowledge transfer of critical skills. The Company will not be making final decisions regarding delayed off roll dates until after the close of the Enhanced SVTP election window. At that time, the Company will assess the need to delay select individuals from those that have volunteered for the Enhanced SVTP.

8. I am currently receiving disability benefit payments; can I elect the Enhanced SVTP?

If you elect the Enhanced SVTP, active Eligible Employees on short-term disability will terminate from employment upon being cleared to return to work, or if a disability waiver is provided. Employees who are out on disability longer than the maximum allowed period are not eligible for this Enhanced SVTP.



9. If I have submitted my election form for the Enhanced SVTP and want to change my mind, how do I change my election?

You can change your election up to the close of the election window contained in your offer letter. To change your election, submit another election form with your name on it clearly stating that you are changing your decision. Please keep in mind that after the election window closes all decisions are irrevocable.

10. I am not eligible for retiree health care. If I elect the Enhanced SVTP, what should I expect regarding health care coverage?

Employees who leave the active payroll under the Enhanced SVTP will be eligible for continued coverage under the company’s medical and dental plans on the same basis as if actively employed (the employee is responsible for paying the monthly active rate contribution for the first 12 months of coverage, and the remaining 6-months of COBRA coverage will be billed at the COBRA rate).

Paid Time Off and Miscellaneous Questions

11. If I elect to take the Enhanced SVTP, will I be paid for my carryover paid time off and current year paid time off?

Eligible Employees who are accepted for the Enhanced SVTP will be paid in-lieu of any unused paid time off days, including any approved carryover days.

12. When can I expect to receive payment for my final week of work and any unused paid time off days?

You can expect to receive pay for unused paid time off within 30 days of your off-roll date. However, if your work state is one of 20 priority states, there is a state requirement regarding termination payments to be made within 72 hours. Please check attachment 5 for a listing of priority states which require additional information and steps to be taken.

13. Will I be paid for all my eligible paid time off days or only my accrued (pro-rated) number of days?

All eligible paid time days will be paid, subject to applicable withholdings and deductions.

14. Will I receive pay in-lieu of a Company Designated Day if I am not on roll on that day?

No, you will not receive payment in-lieu for any Company Designated Days that you miss because you are not on-roll at the time they occur.

15. Will I be eligible for Alliance or Funds for Alliance and ETOP Distribution (FAED)?

Employees who are part of a surplus universe and terminate their employment under the Enhanced SVTP should contact their Alliance coordinator for further information. FAED is not part of this Enhanced SVTP offer.



16. If I have a child currently receiving the Nokia Scholarship, will those payments stop if I leave under the Enhanced SVTP?

If an employee leaves the payroll as a result of accepting the Enhanced SVTP, scholarship RENEWALS are honored as long as the child continues to meet the eligibility requirements (i.e., grade point average, etc.).

17. What will happen to my Nokia Savings/401(k) Plan loan if I accept the Enhanced SVTP?

You may make monthly payments by coupon or through an automatic electronic funds transfer (EFT) from your checking account. Contact the savings plan record keeper for additional information at 888-232-4111.

18. Can I convert my Supplemental Life Insurance to another policy?

For information regarding your supplemental life options please contact MetLife at 888-201-4612.

19. If I leave the active payroll under the Enhanced SVTP, will I be eligible for a retirement gift?

If you retire with a service pension, you will be sent a retirement award selection package approximately four weeks after you receive your first pension check. Retirement data for the retirement award program vendor is processed once a month, generally mid-month. As a result, it will be several weeks before the vendor receives your information.

Pension and Social Security Supplement Questions

20. When can I expect to receive a pension estimate? All employees receiving this offer will be provided with an estimate of their regular pension and SPB/EPB benefits. The estimate will be mailed to the employee’s home address of record. Employees should allow approximately 5 business days from the date of this offer for receipt of the estimates.

21. If I am accepted for the Enhanced SVTP package, when can I expect to get my first pension check, and will that include the Special Pension Benefit (SPB) and the Enhanced Pension Benefit (EPB)?

Normally, if you submit your properly completed paperwork and supporting documentation within your 180- day election period, you can expect to receive your first pension check within a reasonable period of time. If you elect to waive the remainder of the 180-day election period (standard in all pension commencement packages), it will speed up the process (the decision of whether or not to waive the remainder of your election period should be carefully considered, and nothing in this document should be construed as encouraging you to do so). If you elect to immediately commence your pension benefit,



when you receive your first pension check, it will be retroactive to your first day off roll, as long as you submit your properly completed paperwork and supporting documentation within the 180-day election period. If you elect to take your SPB and/or EPB as an annuity, these monies will also be included in your pension check.

22. What is the Expanded and Enhanced Social Security Supplement? The Expanded and Enhanced Social Security Supplement is a supplemental payment that makes up for any age-related discount if you are eligible for a service pension and under the age of 55 as of your retirement date. The monthly payment is equal to the amount of the monthly benefit reduction resulting from the early commencement of your pension. These payments continue until the earlier of your attainment of age 62 or your death.

23. Will the Expanded and Enhanced Social Security Supplement come in my pension check or will it come as a separate check? The payment is included with the monthly pension check.

24. Can I delay commencing my pension? Yes. However, delaying your pension may have financial implications. You should consult a financial advisor and the pension plan to determine what is best in your situation.

25. Can I take my service pension as a lump sum? No, you cannot take a service pension as a lump sum.

26. Are taxes withheld from my monthly pension check? Yes, applicable taxes are withheld from the pension check.

27. If I am single at the time that I commence my pension and I marry in the future, will I be able to elect a joint and survivor annuity at the time that I get married? No. Once you elect to commence your pension benefit, you cannot change the payment form.

28. If I am not married at the time that I commence my service pension, but subsequently get married, would my spouse be eligible for the death benefit paid from the pension plan? Yes. The death benefit is payable to your lawful spouse at the time of death. Your lawful spouse must be living with you at the time of death (unless you and your spouse are separated due to your living in a nursing home or being hospitalized). Please refer to the pension plan for additional information or contact the Nokia Benefits Resource Center by calling 888-232-4111.



29. If I am married when I commence my service pension, and I elect one of the survivor

annuity options, must I provide documentation substantiating that I am married? Yes.



Special Pension Benefit (SPB) and Enhanced Pension Benefit (EPB) Questions Applicable to Eligible Employees

30. Can I take the Special Pension Benefit (SPB) and the Enhanced Pension Benefit

(EPB) in “stream payments” or do I have to take it as a “lump sum”?

The SPB and EPB can either be taken as a cash lump sum payment, taken as a lump-sum payment and rolled over to an IRA, or taken as an annuity, subject to plan rules. The SPB and EPB cannot be taken in “stream payments” (i.e., installments). Please note that withdrawal as a cash lump sum payment may be subject to additional tax implications depending on your specific circumstances. You should consult a financial advisor for additional information.

31. Will union dues be deducted from the SPB or EPB?

No. Union dues are not deducted from the SPB and EPB.

32. Is the SPB a percentage of annual pay or a percentage of termination allowance?

Under the Enhanced SVTP, the SPB is a percentage of the applicable termination allowance.

33. Will the SPB include Night Work Bonus (NWB) or 7-Day Coverage Bonus?

The SPB calculation will include NWB and/or 7-Day Coverage Bonus if you regularly work on nights or in a 7-day coverage job prior to the offer window.

34. Will my service pension and Special Pension Benefit (SPB) checks automatically be deposited to the same account as my regular paycheck?

No. You must submit a new request for direct deposit with the Nokia Benefits Resource Center by calling 888-232-4111.

35. Can I choose to take my SPB payment as a monthly annuity?

Yes. If you elect to receive the SPB as a monthly annuity, it would be included in your pension check. Note: if you choose to receive the SPB as a monthly annuity, it must be the same type of annuity (e.g., Single-Life Annuity, Joint & 50% Survivor Annuity, etc.) that you choose for your regular pension benefit.

36. Will taxes be withheld from my SPB payment?

If you take the SPB as a cash lump sum payment, you will be required to pay taxes on the funds. However, if you elect to rollover the SPB to an IRA, the tax implications will vary depending upon how you are rolling it over. You should check with a qualified financial/tax professional for advice.



37. What date is used to calculate my SPB?

Your Net Credited Service (NCS) date as defined by the pension plan is used to calculate the SPB.

Retiree Health Care / Reimbursement Accounts

38. What is the current cost of retiree health care?

The cost of retiree health care is currently based on a percentage of your pension annuity, and varies based on several factors, including whether you have single or family coverage and your Medicare-eligibility status*. For plan year 2019, please be guided by the following:

Not Medicare-eligible Medicare-eligible

Individual coverage 14.5% of pension 10% of pension

Family coverage 29% of pension 20% of pension

Nokia reserves the right to modify, suspend, change or terminate any provision of the Medical Plan subject to the terms of an applicable collective bargaining agreement. Participants should make no assumptions about any possible future changes unless a formal announcement is made by the Company. *Retirees with HMO coverage may pay amounts in addition to what is shown in the chart above, depending upon the actual cost of the HMO that they select. Also, Medicare-eligible participants who choose the UHC Traditional Indemnity option over the UHC Medicare Advantage PPO will pay an additional percentage of their pension for coverage, and this amount is subject to change in future years (for plan year 2019, the amount is 25% of pension for single coverage, and 50% of pension for family coverage).

39. I’m over 65 and my wife is under 65. How will my health care contributions be

calculated? Retiree health care contributions are currently based on the Medicare-eligibility status of the retiree.

40. What happens to my Health Care Reimbursement Account Plan if I accept the

Enhanced SVTP? You may submit claims under the Health Care Reimbursement Account Plan, for eligible health care expenses, until April 15th of the following year for all claims incurred until the last day of the month of your separation from Nokia. You may be eligible to continue to participate in the Health Care Reimbursement Account Plan through COBRA, on an after-



tax basis, to the end of the current plan year, by paying the COBRA rate for continued coverage. Call the Nokia Benefits Resource Center at 888-232-4111 for more information.

41. What happens to my Child/Elder Care Reimbursement Account Plan if I accept the 2014 Enhanced SVTP?

You may submit claims under the Child/Elder Care Reimbursement Account Plan, for eligible child/elder care expenses, up until April 15th of the following year for all claims incurred at any time during the calendar year of your termination. Participation in the Child/Elder Care Reimbursement Account Plan ends on the earlier of (1) December 31 of the current plan year, or (2) when there is no more money in your account. You cannot continue to make Account contributions after you leave the payroll

42. If I get married after I retire will I be able to change my medical benefits? You can add/change dependents for health care after you retire, consistent with medical plan rules.

43. When will my medical coverage end under the active medical plan?

For employees who are eligible for a service pension, coverage under the active medical plan ends on the last day of the month in which your status changes to inactive. Employees who are not eligible for a service pension may continue coverage under the active medical plan through COBRA.

Specific Questions for Former AGCS Employees

44. I am a former AGCS employee; does the SVTP’s Five Year Enhanced Transition Leave of Absence provision also apply toward eligibility or reduction of discount for my AGCS service pension?

Yes. The Five-Year Enhanced Transition Leave of Absence will apply toward eligibility (but not your benefit calculation) for your AGCS service pension and will reduce any discount to which you may otherwise be subject to.

45. I am a former AGCS employee; if I am service pension eligible with my combined service for the Nokia portion of my pension, does this mean I am also service pension eligible for the AGCS portion of my pension regardless of my age?

No. You must meet the service pension eligibility requirements for the AGCS portion of your benefit. However, The Five-Year Enhanced Transition Leave of Absence will apply toward eligibility (but not your benefit calculation) for your AGCS service pension and will reduce any discount to which you may otherwise be subject to.



46. I am a former AGCS employee; are the pension eligibility rules for the Nokia portion

of my pension the same as for the AGCS portion of my pension?

No. The pension eligibility rules are different for each portion of your pension. Please refer to the Nokia Retirement Plan Summary Plan Description (SPD) for more information. The SPD can be accessed in the following ways:

• Internet: http://www.benefitanswersplus.com/active_r/spd/LTRP_SPD_2011_100511_final.pdf • Nokia Benefits Resource Center: 888-232-4111 • Email: Contact the Employee Resource Coordinator at 800-296-3993 to request

that the SPD be emailed to you.

47. I am a former AGCS employee; will my retiree healthcare insurance costs be calculated using both the Nokia and AGCS portions of my pension?

Yes. Your retiree healthcare insurance premiums will be based on a percentage of the total pension that you receive from Nokia.

48. I am a former AGCS employee; when estimating my Special Pension Benefit (SPB),

do I use just my service as a Nokia installer or do I combine it with my service that I had as an AGCS installer?

To determine your SPB, you use your total net credited service which includes AGCS and Nokia service.

49. I am a former AGCS employee; do I fill out the same paperwork as other Installers?

Yes; former AGCS employees would make their election using the same form as all other Installers.

50. I am a former AGCS employee and am eligible for a pension from my former union’s

(IBEW) multi-employer pension plan. Does the Enhanced Transition Leave of Absence apply to my multi-employer pension? No. The SVTP, including the Five-Year Enhanced Transition Leave of Absence, has no effect on any other pension benefits you may have outside of Nokia.

ATTACHMENT 5

WIRE TRANSFER Information

DATE of Notification

EMPLOYEE NAME:

Nokia ID:

Home ADDRESS:

BANK NAME:

BANK ADDRESS:

Name on AccountAs appears on Stmt

Wire Transit ROUTING #: BANK ACCT #.:

PURPOSE:

Employee SignaturePrint Name:

Items in Red are required

In order to comply with some state requirements regarding involuntary termination payments, Payroll must process Priority State Wire Transfers to the employee. These transfers may require different information than the information you provided for your Direct Deposit (which are ACH). Other States not on the Priority States List will be made via normal Payroll Direct Deposits.

If you are in a Priority State (see list below) you will need to supply the requested information within 7 Business Days of the date your SVTP election is accepted by the company.

Alaska, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Hawaii, Idaho, Massachusetts, Minnesota, Missouri, Montana, New Hampshire, New Mexico, Nevada, Oregon, Texas, Utah, Vermont.

This information must be supplied prior to termination date to ADP via the Ticket Tool, the same location as you use to view your payslips, https://portal.globalview.adp.com/alu. Please label the Ticket as Wire Transfer Information. You may also contact the ADP Service Center at 1-877-331-5692. Incorrect information or failure to provide information resulting in Bank Rejects may result in a fee being charged.

Priority State Term.

Enhanced SVTP

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