EXHIBIT 10.3



 Exhibit 10.3 
 

 
 June 11, 2008 
 Mr. Robert L. Johnson 
 2001 Edmund Halley Dr 
 Reston, VA 20191 
 Dear Bob: 
 In recognition of your
ongoing leadership and the key role you will play in improving our customer experience, the Human Capital & Compensation Committee of the Board of Directors has approved my recommendation to award you 26,316 restricted stock units (RSUs)
and to provide you a cash award to help offset travel expenses. 
 Your award has been designed to be approximately one-half of your base pay and will be
delivered in the form of RSUs. The number of RSUs to be granted has been calculated by dividing the value of the target award amount by the 30-calender-day average closing S stock price for the period April 24, 2008 through May 23, 2008
($8.74). The RSUs will vest in their entirety on June 9, 2009. The terms of your RSU award are described in the enclosed Award Agreement your review and signature. Please complete and return the agreement to Jim Hayes, Director –
compensation, MS: KSOPHL0302 – 3B321; 6500 Sprint Parkway, Overland Park, KS 66251. 
 In addition, to help offset travel expenses until you move to the
vicinity of the headquarters within the next three years, a cash award of $230,000, equal to one-half your base pay, has been approved. The cash payment is payable 50% as soon as practicable and 50% on June 9, 2009, subject to your continued
employment through that date. You can expect $115,000 payment, subject to applicable Federal and state taxes, will be paid on June 27, 2008. You should pay all travel expenses including airfare, lodging, ground transportation, and meals for
your trips to and from Kansas City. 
 You are one of a very few carefully selected executives who were chosen to receive the grant and the cash award –
a decision that reflects our confidence in you and the important role you play in our success. Because of the select nature of this special award, I must request that you treat it as highly confidential and discuss it only with Sandy Price, Ellen
Petrocci, or me until it is publicly disclosed. Beyond that, you may only discuss the award on a confidential basis with your immediate family, personal financial planner, or personal attorney. 
 Once again, I appreciate your personal commitment to deliver on our goal of making Sprint Nextel the nation’s leading provider of mobility solutions. 
  

	
	Best regards,
	
	 /s/ Dan

	Dan


 Enclosure 







 Restricted Stock Unit Award Agreement 
 2008 Retention Award 
 Throughout this Award Agreement we sometimes refer to Sprint Nextel Corporation
and its subsidiaries as “we” or “us.” 
 1. Award of Restricted Stock Units 
 On June 9, 2008 (the “Date of Grant”), the Human Capital and Compensation Committee (the “Compensation Committee”) of the Board
of Directors of Sprint Nextel granted you an Award of 26,316 Restricted Stock Units (RSUs) under the terms of the Sprint Nextel Corporation 2007 Omnibus Incentive Plan (the “Plan”) as of the Date of Grant. Subject to the restrictions and
conditions of the Plan and this Award Agreement, each RSU represents the right for you to receive from us one share of Common Stock on the Vesting Date and gives you the right to dividend equivalents as described in paragraph 3 below. Your right to
receive shares of Common Stock under the RSUs is a contractual right between you and us and does not give you a preferred claim to any particular assets or shares of Sprint Nextel. 
 2. Restriction Period 
 Your RSUs vest 100 percent on the first anniversary of the Date of Grant, or
on the date vesting is accelerated as described in paragraph 5 below (the “Vesting Date”), conditioned upon you continuously serving as our employee through that Vesting Date. RSUs that are subject to forfeiture on your termination of
service as an employee are called “unvested RSUs,” and RSUs no longer subject to forfeiture or restrictions on transfer are called “vested RSUs.” 
 3. Dividends 
 If cash dividends are paid on the Common Stock underlying your RSUs, and you hold the
RSUs on the dividend record date, each year you will receive a cash payment equal to the amount of the dividend that would be paid on the Common Stock underlying your RSUs. 
 If non-cash dividends are paid on the Common Stock underlying your RSUs, the Compensation Committee, in its sole discretion, may (1) adjust the RSUs
as described in Section 9 of this Award Agreement or, (2) provide for distribution of the property distributed in the non-cash dividend. If the Compensation Committee provides for distribution of the non-cash dividend, and you hold the
RSUs on the dividend record date, your vesting and delivery dates for the property distributed on the Common Stock underlying your RSUs will be the same as those dates for the RSUs. 
 4. Forfeiture of RSUs 
 You will forfeit unvested RSUs if you terminate your service with us for any
reason (unless vesting of your RSUs accelerates under paragraph 5). 
 5. Acceleration of Vesting; Continued Vesting during Separation Pay Period

 Unvested RSUs may become vested RSUs before the time at which they would normally become vested — that is, the vesting of RSUs may
accelerate. Accelerated vesting occurs under the three circumstances described below: 
  

					
	 Event
	  	 Condition for acceleration
	  	 Effective date of acceleration

	Death	  	If you die before your Termination Date.	  	Death
			
	Disability	  	If you have a Separation from Service under circumstances that make you eligible for benefits under the company’s long-term disability plan.	  	Your Separation from Service (or after the Six-Month Payment Delay if you are a “specified employee” subject to this delay).
			
	Involuntary Termination without Cause	  	If you have an Involuntary Termination without Cause subject to your execution of a release as described under Section 9(b) of your employment agreement.	  	Your Separation from Service (or after the Six-Month Payment Delay if you are a “specified employee” subject to this delay).








 Termination Date means your termination of employment, or 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. 
 Separation from Service is defined in the Plan. Generally, it means the date of your termination of employment with us. To contrast the date of your Separation from Service from your Termination Date, if you are
involuntarily terminated and receive severance pay from us, your Separation from Service would occur on the last day you actually worked for us and your Termination Date would occur on the last day of your severance pay period. 
 Six-Month Payment Delay is defined in the Plan to mean the required delay in payment to a Participant who is a “specified employee” of amounts
subject to Section 409A of the Internal Revenue Code (the “Code”) that are paid upon Separation from Service. 
 Notwithstanding Section 9(b)(v) of your Employment Agreement, your RSUs hereby granted will not vest and become non-forfeitable upon your resignation with Good Reason. Furthermore, service for vesting will not continue during your
severance pay period. 
 6. Delivery Date; Market Value Per Share 
 The Delivery Date is the date as of which we distribute the Common Stock underlying the RSUs to you. It is the Vesting Date, or the day after the Six-Month Payment Delay if that delay applies to your RSUs. We
calculate your taxable income on the Delivery Date using the Market Value Per Share on the immediately preceding trading day, but we use the average of the high and low reported prices of our Common Stock instead of the closing price. We will
distribute the Common Stock underlying the RSUs, as soon as practicable after the Delivery Date, but in no event later than 45 days after the Delivery Date. 
 7. Transfer of your RSUs and Designation of Beneficiaries  
 Your RSUs 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, shares of Common Stock underlying your RSUs will be delivered in accordance with the terms of the Award to any beneficiaries you name in
a beneficiary designation or, if you make no designation, to 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 online at http://iconnect.nextel.com/portal/iland/?dochome=iw&docpath=IntranetDirectory/LandingPage/20050315_11555#LTI. 
 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, spin-off, 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. 
 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 us, in our sole discretion, at any time. The grant of RSUs under the Plan is a one-time benefit and does not create
any contractual or other right to receive a grant of RSUs, 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 RSUs granted, the payment of dividend equivalents, 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 RSUs 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 to you upon the vesting of the RSUs
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. Taxes 
 You are liable for any and all taxes, including withholding taxes, arising out of this grant or the issuance of the Common Stock on vesting of RSUs. The Company is authorized to deduct the amount of the tax withholding from the amount
payable to you upon settlement of the RSUs. We will withhold from the total number of shares of Common Stock you are to receive the value equal to the amount necessary to satisfy any such withholding obligation at the minimum applicable withholding
rate. In addition, if you become subject to FICA or Medicare tax, but you are not yet entitled to delivery of the shares of Common Stock underlying the RSUs, you hereby authorize us to withhold the resulting FICA or Medicare tax from other income
payable to you. 
 15. Entire Agreement 
 You hereby acknowledge that you have read the 2007 Omnibus Incentive Plan Information Statement dated April 2008 (the “Information Statement”) available at
http://iconnect.nextel.com/portal/iland/?dochome=iw&docpath=IntranetDirectory/LandingPage/20050315_11555#LTI. 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. 
  

			
	Sprint Nextel Corporation
		
	By:	 	 /s/ Sandra J. Price

		
		 	 /s/ Robert L. Johnson

		 	Robert L. Johnson


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