Exhibit 10.3



 Exhibit 10.3 
 Stock Option Award Agreement 
 2009 Award 
 Throughout this Award Agreement we sometimes refer to Sprint Nextel Corporation and its subsidiaries as “we” or “us.” 
 1. Award of Option Right 
 On
[                ], 2009 (the “Date of Grant”), the Compensation Committee of the Board of Directors of Sprint Nextel (the “Compensation Committee”)
granted you an Option Right to purchase from us [<<             >> shares]1
[the number shares shown above]2 of Series 1 common stock, par value $2.00 per share of Sprint Nextel (the “Common Stock”) at an Option
Price of $<<    .    >> per share. The Option Right is governed by the terms of the Sprint Nextel Corporation 2007 Omnibus Incentive Plan (the “Plan”) and is subject to the terms and
conditions described in this Award Agreement. The Option Right is not intended to qualify as an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code of 1986 (the “Code”). 
 2. When the Option Right Becomes Exercisable 
 Your Option Right becomes exercisable (or “vested”) at a rate of 1/4th of the total number of shares subject to purchase on each of
[                ], 2010, [                ],
2011, [                ], 2012 and [                ], 2013, conditioned upon you
continuously serving as our employee through each applicable vesting date. The portion of your Option Right that has not vested as of your Termination Date will be forfeited as of such date, except to the extent vesting accelerates as described in
paragraph 3 below. 
 3. Acceleration of Vesting 
 The unvested portion of your Option Right may become vested before the time at which it would normally become vested by the passage of time — that is, the vesting may accelerate. Accelerated vesting can apply in the four circumstances
described below. 
  

					
	 Event
	  	 Condition for acceleration
	  	 Effective date of acceleration

	 Death
	  	If you die	  	Death
			
	 Disability
	  	If you have a termination of employment under circumstances that would make you eligible for benefits under our long-term disability plan	  	Your Termination Date
			
	Change in Control	  	If you have a termination of employment during the CIC Severance Protection Period under circumstances that you receive severance benefits under the Sprint Nextel Separation Plan, the CIC
Severance Plan, or your employment agreement (if applicable).	  	Your Termination Date, without regard to clause (b)
			
	Normal Retirement	  	 If your Termination Date is on or after
  
 •   The first anniversary of the Date of Grant, and
  
 •   Your 65th birthday.
	  	Your Termination Date

  

	 1
	 For paper award agreements. 



	 2
	 For on-line grant acceptance. 










 Stock Option Award Agreement 
  

 CIC Severance Plan means the Sprint Nextel Corporation Change in Control Plan, as it may be amended
from time to time, or any successor plan. 
 CIC Severance Protection Period the time period commencing on the date of the first occurrence
of a Change in Control and continuing until the earlier of (i) the 18-month anniversary of such date and (ii) the Participant’s death. 
 Sprint Nextel Separation Plan means the Sprint Nextel Separation Plan as it may be amended from time to time or any successor plan. 
 Termination Date means (a) the last day of your relationship with us as a common-law employee, or (b) if, after your involuntary termination you receive severance from us paid according to our payroll cycle
(i.e., not in a lump sum), Termination Date means the last day of your severance pay period. 
 4. Exercise of Option Right 
 To the extent it has vested, you may exercise your Option Right under this Award in whole or in part at the time or times as permitted by the Plan if the
Option Right has not otherwise expired, been forfeited or terminated. To exercise you must: 
  

	 	•	 	 deliver a written election under procedures we establish (including by approved electronic medium) and 


  

	 	•	 	 pay the Option Price. 


 You may pay the Option Price
by 
  

	 	•	 	 check or by wire transfer of immediately available funds, 


  

	 	•	 	 actual or constructive transfer of shares of Common Stock you have owned for at least six months having a market value on the Exercise Date equal to the total
Option Price, or 


  

	 	•	 	 any combination of cash, shares of Common Stock and other consideration as the Compensation Committee may permit. 


 If you pay the Option Price by delivery of funds or shares of Common Stock, the value per share for purposes of determining your taxable income from such
an exercise will be the Market Value Per Share of the Common Stock on the immediately preceding day before the exercise except that we will use the average of the high and low prices on that date in lieu of the closing price. 
  

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 Stock Option Award Agreement 
  

 To the extent permitted by law, you may pay the Option Price from the proceeds of a sale through a
broker we designate. The Market Value Per Share for purposes of determining your taxable income from such an exercise will be the actual price at which the broker sold the shares. 
 5. Expiration of Option Right 
 Unless terminated earlier in accordance with the terms of this Award
Agreement or the Plan, the Option Right granted herein will expire at 4:00 P.M., U.S. Eastern Time, on the tenth anniversary of the Grant Date (the “Expiration Date”). If the tenth anniversary of the Grant Date, however, is a Saturday,
Sunday or any other day on which the market on which our Common Stock trades is closed (a “Non-Business Day”), then the Expiration Date will occur at 4:00 P.M., U.S. Eastern Time, on the first business day before the tenth anniversary of
the Grant Date. 
 6. Effect of your Termination of Employment 
 The length of time you have to exercise your vested Option Right after your termination of employment with us depends on the reason for your termination. The table below describes the post-termination exercise period
for the various termination reasons. The Option Right will expire as of the end of the applicable period. In no event, however, may you exercise your Option Right after the Expiration Date. 
  

			
	 Termination Event
	  	 Time to Exercise Vested Options

	Resignation	  	May exercise up through the 90th day after your Termination Date
		
	Death *	  	May exercise up through the 12th month after your Termination Date
		
	Disability *	  	May exercise up through 60 months after your termination of employment under circumstances that would make you eligible for benefits under the company’s long-term disability
plan
		
	Early Retirement (i.e., on your Termination Date you would be eligible to commence early or special early retirement benefits under the Sprint Retirement Pension Plan whether or not you are a
participant in that plan)	  	May exercise up through 60 months after your Termination Date
		
	Normal Retirement (i.e., your Termination Date is on or after your 65th birthday)
*	  	May exercise up through 60 months after your Termination Date
		
	Involuntary termination (not for Cause) not in connection with a Change in Control	  	 May exercise up through:
  
 •   the 90th day after your Termination Date, or
  
 •   60 months after your Termination Date if you are eligible for Early Retirement or Normal Retirement on your Termination Date


  

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 Stock Option Award Agreement 
  


			
	If you have a termination of employment during the CIC Severance Protection Period under circumstances for which you receive severance benefits under the Sprint Nextel Separation Plan, the CIC
Severance Plan, or your employment agreement (if applicable). *	  	 May exercise up through:
  
 •   the 90th day after your Termination Date, or
  
 •   60 months after your Termination Date if you are eligible for Early Retirement or Normal Retirement on your Termination Date

		
	For Cause	  	Forfeited as of Termination Date

  

	*	See paragraph 3 for rules regarding acceleration of vesting. 

 If the last day to exercise under the schedule described in the table above is a Non-Business Day, then you must exercise no later than the previous business day. 
 You are solely responsible for managing the exercise of your Option Award in order to avoid inadvertent expiration. 
 7. Transfer of your Option Right and Designation of Beneficiaries  
 Your Option Right represents a contract between Sprint Nextel and you, and your rights under the contract are not assignable to any other party during your lifetime. Upon your death, your Option Right may be exercised
in accordance with the terms of the Award by any beneficiary you name in a beneficiary designation or, if you make no designation, by your estate. 
 8.
Plan Terms 
 All capitalized terms used in this Award Agreement that are not defined in this Award Agreement have the same meaning as
those terms have in the Plan. The terms of the Plan are hereby incorporated by this reference. The Plan is available on line at http://            . 
 9. Adjustment 
 In the event of any change in the
number or kind of outstanding shares of our Common Stock by reason of a recapitalization, merger, consolidation, reorganization, separation, liquidation, stock split, stock dividend, combination of shares or any other change in our corporate
structure or shares of our Common Stock, an appropriate adjustment will be made consistent with applicable provisions of the Code and applicable Treasury Department rulings and regulations in the number and kind of shares subject to outstanding
Awards and any other adjustments as the Board deems appropriate. 
  

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 Stock Option Award Agreement 
  

 10. Amendment; Discretionary Nature of Plan 
 This Award Agreement is subject to the terms of the Plan, as may be amended from time to time, except that the Award which is the subject of this Award
Agreement may not be materially impaired by any amendment or termination of the Plan approved after the Date of Grant without your written consent. You acknowledge and agree that the Plan is discretionary in nature and may be amended, cancelled, or
terminated by the Company, in its sole discretion, at any time. The grant of the Option Award under the Plan is a one-time benefit and does not create any contractual or other right to receive a grant of Option Awards, other types of grants under
the Plan, or benefits in lieu of such grants in the future. Future grants, if any, will be at the sole discretion of the Company, including, but not limited to, the timing of any grant, the number of shares underlying the Option Award granted, and
vesting provisions. 
 11. Data Privacy 
 By entering into this agreement, you (i) authorize us, and any agent of ours administering the Plan or providing Plan recordkeeping services, to disclose to us or our subsidiaries such information and data as we or our subsidiaries
request in order to facilitate the grant of the Option Right and the administration of the Plan; (ii) waive any data privacy rights you may have with respect to such information; and (iii) authorize us to store and transmit such
information in electronic form. 
 12. Governing Law 
 This Award Agreement will be governed by the laws of the State of Kansas. No shares of Common Stock will be delivered upon the exercise of the Option Right unless counsel for the Company is satisfied that such
delivery will be in compliance with all applicable laws. 
 13. Severability 
 The various provisions of this Award Agreement are severable, and any determination of invalidity or unenforceability of any one provision shall have no
effect on the remaining provisions. 
 14. Entire Agreement 
 You hereby acknowledge that you have read the 2007 Omnibus Incentive Plan Information Statement dated March 2009 (the “Information Statement”) available on line at
http://            . To the extent not inconsistent with the provisions of this Award Agreement, the terms of the Information Statement and the Plan are hereby incorporated by reference.
This Award Agreement, along with the Information Statement and the Plan, contain the entire understanding of the parties. 
  

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 Stock Option Award Agreement 
  


			
	Sprint Nextel Corporation
		
	By:	 	 
	
	  

	[<<Employee>>]1


 This document constitutes part of a prospectus covering securities that have been
registered under the Securities Act of 1933 
  

	 3
	 Signature line not to be included for on-line grant acceptance. 


  

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