exv10w19









Exhibit 10.19




NON-QUALIFIED STOCK OPTION AGREEMENT




pursuant to the




CLEARWIRE CORPORATION

2008 Stock Compensation Plan




* * * * *




	 	 	 	 	 
	Optionee:
	 	 	 	 
	 

	 	 

	 	 
	Grant Date:
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Vesting Date:
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Per Share Exercise Price:

	 	$[___]	 	 
	 
	 	 	 	 
	Number of Option Shares subject to this Option:                     	 	 






* * * * *




          THIS NON-QUALIFIED STOCK OPTION AGREEMENT (this “Agreement”), dated as of the Grant
Date specified above, is entered into by and between Clearwire Corporation., a company organized in
the State of Delaware (the “Company”), and the Optionee specified above (the
“Optionee”), pursuant to the Clearwire Corporation 2008 Stock Compensation Plan, as in
effect and as amended from time to time (the “Plan”); and




          WHEREAS, it has been determined under the Plan that it would be in the best interests of the
Company to grant the non-qualified stock option provided for herein to the Optionee;




          NOW, THEREFORE, in consideration of the mutual covenants and promises hereinafter set forth
and for other good and valuable consideration, the parties hereto hereby mutually covenant and
agree as follows:




     1. Incorporation By Reference; Plan Document Receipt. This Agreement is subject in
all respects to the terms and provisions of the Plan (including, without limitation, any amendments
thereto adopted at any time and from time to time unless such amendments are expressly intended not
to apply to the grant of the option hereunder), all of which terms and provisions are made a part
of and incorporated in this Agreement as if they were each expressly set forth herein. The
Optionee hereby acknowledges receipt of a true copy of the Plan and that the Optionee has read the
Plan carefully and fully understands its content. In the event of any conflict between the terms
of this Agreement and the terms of the Plan, the terms of the Plan shall control.



 









 





     2. Grant of Option. The Company hereby grants to the Optionee, as of the Grant Date
specified above, a non-qualified stock option (this “Stock Option”) to acquire from the
Company at the Per Share Exercise Price specified above, the aggregate number of Option Shares
specified above (the “Option Shares”).



     3. No Dividend Equivalents. The Optionee shall not be entitled to receive a cash
payment in respect of the Option Shares underlying this Stock Option on any dividend payment date
for the Shares.



     4. Exercisability of this Stock Option.



          4.1 This Stock Option shall become exercisable as to 25% of the Option Shares, on each of the
first four anniversaries of the Vesting Date, provided the Optionee is then employed by or
performing services for the Company and/or one of its Subsidiaries or Affiliates.




          4.2 Unless earlier terminated in accordance with the terms and provisions of the Plan and/or
this Agreement, this Stock Option shall expire and shall no longer be exercisable after the
expiration of ten years from the Grant Date (the “Option Period”).




          4.3 The Committee may, in its sole discretion, accelerate the exercisability of any portion of
the unexercisable portion of this Stock Option at any time, including, but not limited to, upon a
Participant’s death or Disability (as defined in Sections 4.4 below). In no event shall this Stock
Option be exercisable for a fractional Share.




          4.4 For purposes of this Agreement, “Disability,” if the Participant is a party to an
employment agreement, shall have the same meaning as in such employment agreement, otherwise,
“Disability” means disability as determined by the Committee in accordance with the
standards and procedures similar to those under the Company’s or the relevant Affiliate’s long-term
disability plan, if any. Subject to the first sentence of this Section 4.4, at any time that the
Company or the relevant Affiliate does not maintain a long-term disability plan,
“Disability” shall mean any physical or mental disability which is determined to be total
and permanent by a doctor selected in good faith by the Company or the relevant Affiliate.




     5. Method of Exercise and Payment. This Stock Option shall be exercised by the
Optionee by delivering to the Chief Financial Officer of the Company or his/her designated agent on
any business day a notice, in such manner and form as may be required by the Company, specifying
the number of Option Shares the Optionee then desires to acquire (the “Exercise Notice”).
The Exercise Notice shall be accompanied by payment of the aggregate Per Share Exercise Price
specified above for such number of the Option Shares to be acquired upon such exercise plus an
amount sufficient to pay all taxes required to be withheld by any governmental agency. Such
payment shall be made in the manner set forth in Section 5.6 of the Plan.



2









 





     6. Termination of Service Relationship.



          6.1 If the Optionee’s Service Relationship with the Company and its Subsidiaries terminates
for any reason, any then unexercisable portion of this Stock Option shall be forfeited by the
Optionee and cancelled by the Company.




          6.2 If the Optionee’s Service Relationship with the Company and its Subsidiaries terminates
for any reason other than due to the Optionee’s death or Disability, the Optionee’s rights, if any,
to exercise any then exercisable portion of this Stock Option shall terminate ninety (90) days
after the date of such termination, but not beyond the expiration of the Option Period, and
thereafter this Stock Option shall be forfeited by the Optionee and cancelled by the Company.




          6.3 If the Optionee’s Service Relationship with the Company and its Subsidiaries is terminated
due to the Optionee’s death, Disability, the Optionee (or, in the case of the Optionee’s death, the
Optionee’s estate, designated beneficiary or other legal representative, as the case may be, as
determined by the Committee) shall have the right, to the extent exercisable immediately prior to
any such termination, to exercise this Stock Option at any time within the one (1) year period
following such termination, but not beyond the expiration of the Option Period, and thereafter this
Stock Option shall be forfeited by the Optionee and cancelled by the Company.




          6.4 The Committee may, in its sole discretion, determine that all or any portion of
this Stock Option, to the extent exercisable immediately prior to the termination of the
Optionee’s Service Relationship with the Company and/or one of its Subsidiaries for any
reason, may remain exercisable for an additional specified time period after the relevant
period specified above in this Section 6 expires (subject to any other applicable terms and
provisions of the Plan and this Agreement), but not beyond the expiration of the Option
Period.




          6.5 If the Affiliate of the Company engaging the Optionee ceases to be an Affiliate of
the Company, that event shall be deemed to constitute a termination of the Optionee’s
Service Relationship described in Section 6.2 above (in connection with such termination of
employment, the provisions in Section 6.1 would also be applicable).




     7. Non-transferability.



          7.1 Except as provided in Section 7.2 below, this Stock Option, and any rights or interests
therein, (i) shall not be sold, exchanged, transferred, assigned or otherwise disposed of in any
way at any time by the Optionee (or any beneficiary(ies) of the Optionee), other than by
testamentary disposition by the Optionee or by the laws of descent and distribution, (ii) shall not
be pledged, encumbered or otherwise hypothecated in any way at any time by the Optionee (or any
beneficiary(ies) of the Optionee) and (iii) shall not be subject to execution, attachment or
similar legal process. Any attempt to sell, exchange, pledge, transfer, assign, encumber or
otherwise dispose of or hypothecate this Stock Option, or the levy of any execution, attachment or
similar legal process upon this Stock Option, contrary to the terms of this Agreement and/or the
Plan, shall be null and void and without legal force or effect.




3









 








          7.2 During the Optionee’s lifetime, the Optionee may, with the consent of the Committee,
transfer without consideration all or any portion of this Stock Option to one or more members of
his or her Immediate Family, to a trust established for the exclusive benefit of one or more
members of his or her Immediate Family, to a partnership in which all the partners are members of
his or her Immediate Family, or to a limited liability company in which all the members are members
of his or her Immediate Family. For purposes of this Agreement, “Immediate Family” means
the Optionee’s children, stepchildren, grandchildren, parents, stepparents, grandparents, spouse,
siblings (including half-brothers and half-sisters), in-laws, and all such relationships arising
because of legal adoption; provided, however, that any such Immediate Family, or
any such trust, partnership and limited liability company, shall agree to be and shall be bound by
the terms and provisions of this Agreement and the Plan.




     8. Entire Agreement; Amendment. This Agreement, together with the Plan contains the
entire agreement between the parties hereto with respect to the subject matter contained herein,
and supersedes all prior agreements or prior understandings, whether written or oral, between the
parties relating to such subject matter. The Committee shall have the right, in its sole
discretion, to modify or amend this Agreement from time to time in accordance with and as provided
in the Plan; provided, however, that no such modification or amendment shall
materially adversely affect the rights of the Optionee under this Stock Option without the consent
of the Optionee. This Agreement may also be modified or amended by a writing signed by both the
Company and the Optionee. The Company shall give written notice to the Optionee of any such
modification or amendment of this Agreement as soon as practicable after the adoption thereof.



     9. Notices. Any Exercise Notice or other notice which may be required or permitted
under this Agreement shall be delivered in such manner and form as may be required by the Company
as follows:




     (i) If such notice is to the Company, to the attention of the Clearwire Stock Plan
Administrator, or at such address as may be specified by the Company, by notice to the
Optionee, shall designate from time to time.




     (ii) If such notice is to the Optionee, at his or her address as shown on the
Company’s records, or at such other address as the Optionee, by notice to the Company, shall
designate from time to time.



     10. Governing Law. This Agreement shall be governed by and construed in accordance
with the laws of the State of Delaware, without reference to the principles of conflict of laws
thereof.



     11. Compliance with Laws. The issuance of this Stock Option (and the Option Shares
upon exercise of this Stock Option) pursuant to this Agreement shall be subject to, and shall
comply with, any applicable requirements of any foreign and U.S. federal and state securities laws,
rules and regulations (including, without limitation, the provisions of the Securities Act of 1933,
the Securities Exchange Act of 1934 and the respective rules and regulations promulgated
thereunder) and any other law or regulation applicable thereto. The



4









 




Company shall not be obligated to issue this Stock Option or any of the Option Shares pursuant to
this Agreement if any such issuance would violate any such requirements.




     12. Binding Agreement; Assignment. This Agreement shall inure to the benefit of, be
binding upon, and be enforceable by the Company and its successors and assigns. The Optionee shall
not assign (except as provided by Section 7 hereof) any part of this Agreement without the prior
express written consent of the Company.



     13. Counterparts. This Agreement may be executed in one or more counterparts, each of
which shall be deemed to be an original, but all of which shall constitute one and the same
instrument.



     14. Headings. The titles and headings of the various sections of this Agreement have
been inserted for convenience of reference only and shall not be deemed to be a part of this
Agreement.



     15. Further Assurances. Each party hereto shall do and perform (or shall cause to be
done and performed) all such further acts and shall execute and deliver all such other agreements,
certificates, instruments and documents as either party hereto reasonably may request in order to
carry out the intent and accomplish the purposes of this Agreement and the Plan and the
consummation of the transactions contemplated thereunder.



     16. Severability. The invalidity or unenforceability of any provisions of this
Agreement in any jurisdiction shall not affect the validity, legality or enforceability of the
remainder of this Agreement in such jurisdiction or the validity, legality or enforceability of any
provision of this Agreement in any other jurisdiction, it being intended that all rights and
obligations of the parties hereunder shall be enforceable to the fullest extent permitted by law.



          IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its duly
authorized officer, and the Optionee has hereunto set his hand, all as of the Grant Date specified
above.




	 	 	 	 	 	 	 	 	 
	 	 	CLEARWIRE CORPORATION
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 	 	Optionee	 	 	 	 







5