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                                                            Exhibit (10)(g)


                              Sprint Corporation

                            1990 Stock Option Plan




                   Adopted as a Stock Option Plan under the
           1997 Sprint Corporation Long-Term Stock Incentive Program




                            As Amended and Restated
                            by the Board Effective
<PAGE>

                      Table of Contents


1 Establishment                                             1

2 Defined Terms                                             1

3 Purpose                                                   1

4 Administration                                            1
  4.01 Interpretation of the Plan . . . . . . . . . . . .   1
  4.02 Abstention in Certain Cases by Committee Members .   2

5 Number of Shares Authorized to be Issued                  2

6 Grant of Options                                          3

6.01 Eligibility for Grants . . . . . . . . . . .  . . .    3
6.02 Committee Grants . . . . . . . . . . . . . . . . .     3
6.03 Interim Grants . . . . . . . . . . . . . . . . . .     3
6.04 Limitation on Discretion of Committee and
     Authorized Officers . . . . . . . . . . . . . . . .    4

7 Terms of Options                                          4

7.01 Standard Terms of Options . . . . . . . . . . . . .    4
7.02 Mandatory Terms of Incentive Stock Options . . . .     7
7.03 Standard Terms of Incentive Stock Options . . . . .    8
7.04 Stock Option Agreement . . . . . . . . . . . . . .     8

8 Exercise of Options                                       8

8.01 Notice of Exercise . . . . . . . . . . . . . . . .     8
8.02 Form of Payment of Exercise Price . . . . . . . .      9

9 Withholding of Payroll Taxes on Exercise                 10

9.01 Obligation to Pay Payroll Taxes . . . . . . . . .     10
9.02 Amount to Be Withheld . . . . . . . . . . . . . .     10
9.03 Eligibility to Elect Stock Withholding . . . . .      11
9.04 Manner of Withholding . . . . . . . . . . . . . .     11

10 Issuance of Shares on Exercise                          12

10.01 Generally . . . . . . . . . . . . . . . . . . .      12
10.02 Elective Issuance of Restricted Shares . . . .       12

                                   i
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<TABLE>
<S>                                                                        <C>
10.03 Mandatory Issuance of Restricted Shares............................  12
10.04 Issuance of Restricted Shares Not Available to
      Transferred Options................................................  13
10.05 Terms of Restricted Shares Issued on Exercise......................  13

11 Reload Rights.........................................................  15

11.01 Grant of Reload Rights on Outstanding
      Non-Qualified Options..............................................  15
11.02 Terms of Reload Options............................................  15
11.03 Variant Reload Rights..............................................  17

12 Change in Stock, Adjustments, Etc.....................................  17
13 Amendment and Termination.............................................  18
14 Effective Date and Duration of the Plan...............................  18
15 Definitions...........................................................  18

15.01 1989 Program.......................................................  18
15.02 1997 Program.......................................................  18
15.03 Affiliate..........................................................  18
15.04 Authorized Officer.................................................  18
15.05 Board..............................................................  18
15.06 Change in Control..................................................  18
15.07 Code...............................................................  19
15.08 Code Section.......................................................  19
15.09 Committee..........................................................  19
15.10 Common Stock.......................................................  19
15.11 Company............................................................  19
15.12 Corporate Secretary................................................  20
15.13 Director...........................................................  20
15.14 Employee...........................................................  20
15.15 Equity Security....................................................  20
15.16 Exchange Act.......................................................  20
15.17 Exchange Act Section 16............................................  20
15.18 Executive Officer..................................................  20
15.19 Exercise Date......................................................  20
15.20 Exercise Price.....................................................  20
15.21 Expiration Date....................................................  20
</TABLE>

                              ii
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<TABLE>
<S>                                                                        <C>
15.22 Fair Market Value..................................................  20
15.23 FON Stock..........................................................  21
15.24 Foreign Reload Option..............................................  21
15.25 Grant Date.........................................................  21
15.26 Grantee............................................................  21
15.27 Incentive Stock Option.............................................  21
15.28 Minimum Withholding Amount.........................................  21
15.29 Non-Qualified Option...............................................  21
15.30 Normal Retirement..................................................  21
15.31 Notice of Exercise.................................................  21
15.32 Option.............................................................  22
15.33 Option Class.......................................................  22
15.34 Optionee...........................................................  22
15.35 Payroll Tax........................................................  22
15.36 Payroll Taxpayer...................................................  22
15.37 PCS Stock..........................................................  22
15.38 Person.............................................................  22
15.39 Program Adoption Date..............................................  22
15.40 Plan...............................................................  22
15.41 Qualified Transferee...............................................  22
15.42 Qualified Trust....................................................  22
15.43 Reload Option......................................................  23
15.44 Restricted Shares..................................................  23
15.45 Retirement.........................................................  23
15.46 Seasoned Shares....................................................  23
15.47 Securities Act.....................................................  23
15.48 Strike Price.......................................................  23
15.49 Subsidiary.........................................................  23
15.50 Tax Date...........................................................  24
15.51 Termination Date...................................................  24
15.52 Termination for Cause..............................................  24
15.53 Total Disability...................................................  24
15.54 Underlying Option..................................................  24
15.55 Vesting Period.....................................................  25
15.56 Withholding Amount.................................................  25

                              iii
</TABLE>
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                                   Article 1
                                 Establishment

Pursuant to the 1989 Program the Company established a stock option plan named
the 1990 Stock Option Plan (the "Plan") for officers and key employees of the
Company and its subsidiaries. The 1989 Program has been replaced by the 1997
Program, and this Plan is now established pursuant to the 1997 Program.

                                   Article 2
                                 Defined Terms

Capitalized words used throughout this Plan have the meanings assigned to them
parenthetically throughout the Plan or in Article 15.

                                   Article 3
                                    Purpose

The purposes of the Plan are to induce officers and key employees of the Company
or its Subsidiaries who are in a position to contribute materially to the
Company's prosperity to remain with the Company or its Subsidiaries, to offer
them incentives and rewards in recognition of their share in the Company's
progress, to encourage them to continue to promote the best interests of the
Company and its stockholders, and to allow the Company and its Subsidiaries to
successfully compete with other enterprises in the recruitment of new officers
and key employees.

                                   Article 4
                                Administration

The Committee shall administer the Plan as set forth in this Section.

4.01. Interpretation of the Plan.

The Committee may from time to time adopt, and thereafter amend or rescind, such
rules and regulations for carrying out the Plan and take such action in the
administration of the Plan, not inconsistent with the provisions of the Plan and
the 1997 Program, as it considers proper. The interpretation and construction of
any provisions of the Plan by the Committee shall be final. No member of the
Board or the Committee shall be liable for any action or determination made in
good faith with respect to the Plan or any Option granted under it.

The Corporate Secretary shall have the discretion and authority to establish any
and all procedures, forms, and rules of a ministerial nature that the Corporate
Secretary considers necessary or desirable for the orderly administration of the

                                       1
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Plan and shall have other administrative responsibilities as set forth elsewhere
in this Plan.

The Committee may designate one or more Employees to hear and resolve disputes
arising under the Plan.

4.02. Abstention in Certain Cases by Committee Members.

If any Committee member's participation in an action to approve the acquisition
or disposition of an Equity Security by an Executive Officer would prevent the
Executive Officer's acquisition or disposition of the Equity Security from being
exempt from the liability provisions of Exchange Act Section 16, the member
shall abstain from voting on the transaction if doing so would cause the
acquisition or disposition to be exempt.

                                   Article 5
                   Number of Shares Authorized to be Issued

The number of shares of Common Stock that may be issued upon exercise of Options
granted under the Plan may not exceed 70,200,000 shares of FON Stock or
64,400,000 shares of PCS Stock, subject to adjustment as provided in Article 12
hereof. The shares issued under the Plan may be either treasury shares or
authorized but unissued shares.

The number of shares of Common Stock that may be issued upon exercise of Options
granted pursuant to this Plan after April 15, 1997, together with shares of
Common Stock subject to other awards under the 1997 Program, may not exceed the
limits set forth in Section 4(a) of the 1997 Program.

The number of shares of Common Stock that may be issued upon exercise of
Incentive Stock Options granted pursuant to this Plan after April 15, 1997, may
not exceed 8,000,000 shares of FON Stock or 4,000,000 shares of PCS Stock.

The shares of Common Stock allocable to the unexercised portion of any Option
that for any reason expires or is forfeited may again be subject to an Option
under the Plan.

                                       2
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                                   Article 6
                               Grant of Options

6.01. Eligibility for Grants.

The Committee or an Authorized Officer may grant Options under this Plan to any
Grantee who is a Director or Employee of the Company or a Subsidiary of the
Company on the Grant Date of the Option and to whom the granting of Options and
the exercise thereof would not be in violation of the laws of the jurisdiction,
foreign or domestic, having legal authority over the issuance of Options to, or
the exercise thereof by, Directors or Employees working or residing in such
jurisdiction.

No Incentive Stock Option may be granted to any Grantee who owns directly or
indirectly shares of Common Stock or options to purchase shares of Common Stock,
together possessing more than 10% of the total combined voting power or value of
all classes of stock of the Company or any of its Subsidiaries.

6.02. Committee Grants.

The Committee shall determine which Directors or Employees among those eligible
shall be granted Options and, with respect to each Option, shall specify the
Option Class and number of shares of Common Stock subject to the Option. The
Committee may designate Grantees, the Option Class, and the number of shares
subject to each Option by any objectively determinable description. The
Committee may also specify the Grant Date of the Option, the Strike Price, the
Expiration Date of the Option, the rate at which the Option may be exercised,
and such other terms of the Option as the Committee may consider appropriate. In
making its determinations, the Committee shall take into consideration the value
of the services rendered by the Grantees, their present and potential
contribution to the success of the Company and its Subsidiaries, and such other
factors the Committee may consider relevant in accomplishing the purposes of the
Plan.

6.03. Interim Grants.

Between meetings of the Committee, any of the Authorized Officers may grant an
Option to any eligible Employee other than a Director or an Executive Officer.
The number of shares subject to Options granted pursuant to this Section 6.03
may not exceed a total of 20,000 shares of all Classes of Common Stock for any
single Grantee between any two meetings of the Committee. An Authorized Officer
may make interim grants of Options in excess of 20,000 shares with the written
concurrence of the chairman of the Committee on or before the Grant Date.

In making such grants, the Authorized Officer shall specify in a writing,
executed by the Authorized Officer (and the chairman of the Committee, if the
number of shares subject to the Option are in excess of 20,000) and setting
forth the actual date of execution, which Employees among those eligible shall
be granted Options and, with respect to each Option, shall specify the Option

                                       3
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Class and number of shares of Common Stock subject to the Option. The Authorized
Officer may designate Grantees, the Option Class, and the number of shares
subject to each Option by any objectively determinable description. The
Authorized Officer may also specify the Grant Date of the Option, the Strike
Price, the Expiration Date of the Option, the rate at which the Option may be
exercised, and such other terms of the Option as the Authorized Officer may
consider appropriate. In making its determinations, the Authorized Officer shall
take into consideration the value of the services rendered by the Grantees,
their present and potential contribution to the success of the Company and its
Subsidiaries, and such other factors the Authorized Officer may consider
relevant in accomplishing the purposes of the Plan.

The Authorized Officer shall report to the Committee the Grantees and terms of
all Options granted pursuant to this Section 6.03 at the next meeting of the
Committee following such grants.

6.04. Limitation on Discretion of Committee and Authorized Officers.

Neither the Committee nor the Authorized Officer may

(i)   set the Grant Date of any Option to any date earlier than the
      date of the action granting the Option;

(ii)  establish the Strike Price of any Option at a price lower than the greater
      of (a) the Fair Market Value of one share of the Option Class of Common
      Stock on the Grant Date of the Option or (b) the par value on the Grant
      Date of the Option Class of the Common Stock; or

(iii) subject more than 6,000,000 shares to Options in the FON Stock Option
      Class nor more than 3,000,000 shares to Options in the PCS Stock Option
      Class granted to any single Director or Employee in any calendar year.

                                   Article 7
                               Terms of Options

7.01. Standard Terms of Options.

Unless the Committee or Authorized Officer specifies otherwise, the terms set
forth in this Section 7.01 shall apply to all Options granted under this Plan.
Any Stock Option Agreement that incorporates the terms of the Plan by reference
shall be deemed to have incorporated the terms set forth in this Section 7.01 to
the extent that these terms are not in conflict with those explicitly set forth
in the Stock Option Agreement.

(a)  Non-Qualified Options. Each Option shall be a Non-Qualified Option.

(b)  Grant Date. The Grant Date of each Option shall be the date of the
     Committee's or Authorized Officer's action granting the Option.

(c)  Strike Price. The Strike Price of each Option shall be the Fair Market
     Value of one share of the Option Class of Common Stock on the Grant Date.

                                       4
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(d)  Expiration Date. The Expiration Date of each Option shall be the close of
     business on the tenth anniversary of the Option's Grant Date. The Option
     shall not be exercisable after its Expiration Date .

(e)  Rate of Exercisability. Each Option shall become exercisable with respect
     to 25% of the number of shares of the Option Class of Common Stock subject
     to the Option on each of the first four anniversaries of the Grant Date if,
     on such anniversary date, the Grantee shall have been continuously employed
     by or served as a Director of the Company, a Subsidiary of the Company, or
     an Affiliate from the Grant Date.

(f)  Reload Rights. Each Non-Qualified Option, other than Options granted
     pursuant to Reload Rights, shall be granted with Reload Rights.

(g)  Limitations on Transfer. No Option may, during the lifetime of the Grantee,
     be transferred, levied, garnished, executed upon, subjected to a security
     interest, or assigned to any person other than the Grantee, except that a
     Grantee may transfer an Option to a Qualified Transferee if the transfer is
     made without payment of consideration being paid to the Grantee. Documents
     evidencing the transfer of any Option and the identity of the Qualified
     Transferee shall be in such form as may be required by the Corporate
     Secretary. No such Qualified Transferee may dispose of shares issued upon
     exercise of an Option, other than to the Company, until such shares are
     validly registered or, in the opinion of the Corporate Secretary, exempt
     from registration under the Securities Act.

(h)  Post-Employment Exercise of Options. Each Option may be exercised after the
     Grantee's Termination Date only with respect to the number of shares of
     Common Stock that were exercisable on the Grantee's Termination Date. An
     Optionee may exercise an Option before its Expiration Date with respect to
     those shares during a limited period beginning on the Grantee's Termination
     Date and ending

     (i)    on the fifth anniversary of the Grantee's Termination Date, if the
            Grantee's service as Director or employment terminated by reason of
            his Retirement or Total Disability;

     (ii)   on the first anniversary of the Grantee's Termination Date if the
            Grantee's employment or service as Director terminated by reason of
            his death;

     (iii)  on the day three months following the Grantee's Termination Date if
            the Grantee terminated his employment or service as Director
            voluntarily, for a reason other than Retirement, or involuntarily
            for a reason not constituting Termination for Cause.

If a Grantee's employment has been Terminated for Cause, the Optionee shall
forfeit all outstanding Options immediately on the Grantee's Termination Date.

(i) Acceleration on Termination of Employment for Certain Reasons.

                                       5
<PAGE>

     (1)  Death or Total Disability. Each Option shall become exercisable
          immediately on the Grantee's Termination Date if the reason for
          termination was the Grantee's death or Total Disability.

     (2)  Normal Retirement. Each Option shall become exercisable immediately on
          the Grantee's Termination Date if (i) the reason for termination was
          the Grantee's Normal Retirement and (ii) the Option's Grant Date was
          at least one year before the Grantee's Termination Date.

(j)  Acceleration on Change in Control.

     (1)  Acceleration. Each Option shall become immediately exercisable in full
          upon a Change in Control if

          (i)  the Change in Control occurs at least one year after the Option's
               Grant Date and

          (ii) the Grantee of the Option has been a Director, Employee, or an
               employee of an Affiliate continuously from the Option's Grant
               Date to the date of the Change in Control.

     (2)  Limitation on Acceleration. If the acceleration of exercisability
          under Section 7.01(j)(1), together with all other payments or benefits
          contingent on the Change in Control with the meaning of Code Section
          280G, results in any portion of such payments or benefits not being
          deductible by the Company as a result of the application of Code
          Section 280G, the benefits shall be reduced until the entire amount of
          the benefits is deductible. The reduction shall be effected by the
          exclusion of grants of options or portions thereof in reverse
          chronological order of their respective Grant Dates from the
          application of Section 7.01(j)(1) until no portion of such benefits is
          rendered non-deductible by application of Code Section 280G.

(k)  Exercise After Death of Optionee. Upon the death of an Optionee, all
     Options held by the Optionee on the Optionee's date of death, to the extent
     exercisable under their terms, may be exercised by

     (i)   the executor or administrator of the Optionee's estate,

     (ii)  the Person or Persons to whom the Optionee's rights under the Options
           pass by the Optionee's will or the laws of descent and distribution,
           or

     (iii) the beneficiary or beneficiaries designated by the Optionee in
           accordance with Section 7.01(l).

(l)  Designation of Beneficiaries. An Optionee may designate a beneficiary or
     beneficiaries to exercise unexpired Options and to own shares issued upon
     any such exercise after the Optionee's death without order of any probate
     court or otherwise. A beneficiary so designated may exercise an Option upon
     presentation to the Company of evidence satisfactory to the Corporate
     Secretary of the beneficiary's identity and the death of the Optionee.

                                       6
<PAGE>

     An Optionee may change any beneficiary designation at any time before his
     death but may not do so by testamentary designation in his will or
     otherwise. Beneficiary designations must be made in writing on a form
     provided by the Corporate Secretary. Beneficiary designations shall become
     effective on the date that the form, properly completed, signed, and
     notarized, is received by the Corporate Secretary. Any designation of a
     beneficiary by an Optionee with respect to any Option shall be canceled
     upon the transfer of such Option by the Optionee in accordance with the
     terms of the Plan.

(m)  Agreement to Remain Employed. Each Grantee other than Directors shall, as
     consideration for the grant of each Option, agree in the Stock Option
     Agreement to remain in the employ of the Company, its Subsidiaries, or an
     Affiliate at the pleasure of the Company, such Subsidiary, or Affiliate for
     at least one year from the Option's Grant Date or the earlier termination
     of the Grantee's employment effected or approved by the Company, the
     Subsidiary, or Affiliate. If the Grantee violates the agreement, the
     Optionee shall forfeit the Option.

     Nothing contained in the Plan or in any Option granted pursuant to the Plan
     shall confer upon any Grantee any right to continue employment with the
     Company, its Subsidiaries, or Affiliates nor interfere in any way with the
     right of the Company, its Subsidiaries, or Affiliates to terminate the
     Grantee's employment or change the Grantee's compensation at any time.

(n)  Forfeiture Upon Conflict of Interest. If any Grantee, without the consent
     of the Committee, becomes associated with, employed by, renders services
     to, or owns any significant interest in any business that is in competition
     with the Company, its Subsidiaries, or Affiliates, any outstanding Option
     granted to such Grantee shall be forfeited.

7.02. Mandatory Terms of Incentive Stock Options.

If the Committee or Authorized Officer specifies that an Option is an Incentive
Stock Option, the terms set forth in this Section 7.02 shall be incorporated
into the terms of the Option in preference to any conflicting terms set forth in
Section 7.01. If the Stock Option Agreement setting forth the terms of any
Option contradict the terms set forth in this Section 7.02, such Option shall be
treated as a Non-Qualified Stock Option, notwithstanding its designation as an
Incentive Stock Option.

(a)  Grant Date within 10 Years of Program Adoption. No Incentive Stock Option
     may be granted under the Plan after the tenth anniversary of the Program
     Adoption Date.

(b)  Limitation on Option Term. No Incentive Stock Option may be exercised after
     the tenth anniversary of its Grant Date.

(c)  Strike Price. No Incentive Stock Option may have a Strike Price less than
     the Fair Market Value of one share of the Option Class of Common Stock on
     the Grant Date of the Incentive Stock Option.

                                       7
<PAGE>

(d)  Non-Transferability. No Incentive Stock Option may be transferred by the
     Grantee except by the Grantee's will or the laws of descent and
     distribution. An Incentive Stock Option may be exercised during the
     Grantee's lifetime only by the Grantee, and after the Grantee's death only
     by a beneficiary designated by the Grantee pursuant to the terms of the
     Plan, or otherwise by the executor or administrator of the Grantee's estate
     or the Person succeeding to the Grantee's interest in the Incentive Stock
     Option under the Grantee's will or the applicable laws of intestacy.

7.03. Standard Terms of Incentive Stock Options.

Unless the Committee or Authorized Officer specifies otherwise in the action
granting the Option, the following terms shall apply to all Incentive Stock
Options granted under the Plan. To the extent the terms set forth in this
Section 7.03 conflict with the standard terms applicable to Options generally
set forth in Section 7.01, the terms of this section shall control the terms of
any Options designated as Incentive Stock Options at the time of grant.

(a)  Maximum Rate of Exercisability. The Fair Market Value on the Grant Date of
     the shares of Common Stock subject to any Incentive Stock Option with
     respect to which the Incentive Stock Option becomes exercisable for the
     first time during any calendar year, together with the Fair Market Value of
     shares of Common Stock subject to other Incentive Stock Options on their
     respective Grant Dates owned by the Optionee under all plans of the Company
     and its Subsidiaries and first becoming exercisable in the same calendar
     year, shall not exceed $100,000 or, if different, the maximum limitation in
     effect under Code Section 422 for Incentive Stock Options on the Grant Date
     of such Incentive Stock Option. To the extent the terms of the Option
     permit the exercise of an Option for more shares than permitted by this
     Section 7.03(a), each Option or portion of an Option, in reverse
     chronological order of their Grant Dates, shall be treated as NonQualified
     Options until the remaining Options or portions of Options meet the
     limitations set forth in this Section 7.03(a).

(b)  Post-Termination Exercise. Any Incentive Stock Option exercised after the
     end of the 12-month period beginning on the Grantee's Termination Date
     shall, to that extent, be treated as a Non- Qualified Option.

7.04. Stock Option Agreement.

The terms of each Option shall be set forth in a Stock Option Agreement executed
by the Company and the Grantee. The Stock Option Agreement must set forth those
terms that are not made standard terms of the Option pursuant to this Plan.

                                   Article 8
                              Exercise of Options

8.01. Notice of Exercise.

                                       8
<PAGE>

An Optionee may exercise his Option to purchase shares of Common Stock by
written notice to the Corporate Secretary

(i)   unambiguously identifying the Option that he is exercising;

(ii)  stating the number of shares with respect to which he is exercising the
      Option;

(iii) accompanied by payment of the Exercise Price in cash or any other form
      permitted by Section 8.02;

(iv)  if the Optionee wants to have the shares issued to be registered jointly
      with the Optionee's spouse, a statement to that effect;

(v)   if the Optionee is electing to have any Payroll Tax withholding obligation
      discharged by delivery of Seasoned Shares or withholding of shares from
      shares issuable upon the exercise pursuant to Section 9.04, a statement to
      that effect, and, if the Optionee elects to have more than the required
      minimum percentage of Payroll Taxes withheld, a statement of the
      percentage to be withheld, not exceeding, if the Grantee is an Executive
      Officer, the applicable marginal tax rate;

(vi)  if the Optionee is electing to receive Restricted Shares pursuant to
      Section 10.02, a statement of the Vesting Period the Optionee is electing;

(vii) if the Optionee is delivering or attesting to ownership of Restricted
      Shares in payment of the Exercise Price and desires to elect a more
      extended Vesting Period pursuant to Section 10.03, a statement of the
      extended Vesting Period the Optionee is electing.

The Corporate Secretary may dispense with a written Notice of Exercise in the
case of certain exercises in which he considers a written Notice of Exercise
unnecessary.

The Exercise Date shall be the date on which the Notice of Exercise, together
with the payment of the Exercise Price, is received by the Corporate Secretary
or his designee. The Optionee may not, after the Exercise Date, change the form
of payment of the Exercise Price, the election regarding stock withholding, or
other aspects of the exercise dependent on the Fair Market Value of the Common
Stock.

The Corporate Secretary may condition the exercise of an Option on the
Optionee's filing with the Company a representation in writing that at the time
of such exercise it is the Optionee's then present intent to hold the shares
being purchased for investment and not for resale, or on the completion of any
registration or other qualification of shares under any state or federal laws or
rulings or regulations of any government regulatory body that the Corporate
Secretary may determine to be necessary or advisable.

8.02. Form of Payment of Exercise Price.

(a)  Payment in Cash. Unless the Optionee elects in the Notice of Exercise to
     make payment in another form authorized by the Plan, payment of the

                                       9
<PAGE>

Exercise Price shall be in United States dollars, payable in cash or by check.
The Corporate Secretary may establish procedures to delay the processing of any
Option exercise until any check delivered in payment of the Exercise Price has
cleared, and, if a check fails to clear, cancel the exercise.

(b)  Payment in Shares of Common Stock. On exercise of any Option, the Optionee
     may elect in the Notice of Exercise to pay the Exercise Price by surrender
     of stock certificates in transferable form representing Seasoned Shares of
     the Option Class having an aggregate Fair Market Value, determined as of
     the Exercise Date, at least equal to the Exercise Price.

(c)  Payment by Attestation. In lieu of the delivery of physical certificates,
     an Optionee may deliver shares in payment of the Exercise Price by
     attesting, on a form established by the Corporate Secretary, to the
     ownership, either outright or through ownership of a broker account, of a
     sufficient number of Seasoned Shares of the Option Class to pay the
     Exercise Price. The attestation must be notarized and signed by the
     Optionee and any co-owners with the Optionee of the shares with respect to
     which the attestation is being made. The form of attestation must be
     accompanied by any other documentation the Corporate Secretary considers
     necessary to evidence actual ownership of such shares or otherwise preserve
     the integrity of the Plan. Shares, the ownership of which is so attested to
     by the Optionee, shall be deemed to have been re-issued to the Optionee on
     the Exercise Date in partial satisfaction of the Company's obligation to
     issue shares of the Option Class of Common Stock pursuant to the Option
     exercise to which it relates.

(d)  Fractional Shares. If an Optionee pays the Exercise Price of an Option by
     delivery or attestation of Seasoned Shares, the Company shall apply to
     payment of the Exercise Price from the shares delivered or attested the
     highest number of whole shares having a Fair Market Value on the Exercise
     Date less than or equal to the Exercise Price, and the Optionee shall be
     required to pay in cash the Fair Market Value of the fractional share
     resulting from truncating the number of shares to a whole number of shares.

                                   Article 9
                   Withholding of Payroll Taxes on Exercise

9.01. Obligation to Pay Payroll Taxes. Any Optionee, Grantee, or other Person
(the "Payroll Taxpayer") with respect to whom the Company or a Subsidiary of the
Company has an obligation under any Payroll Tax law to withhold amounts with
respect to income arising from the exercise of any Option must pay to the
Company or Subsidiary of the Company the Minimum Withholding Amount.

                                      10
<PAGE>

9.02. Amount to Be Withheld.

The Payroll Taxpayer may elect in the Notice of Exercise or on another form
specified by the Corporate Secretary for such purpose an amount to be withheld
(the "Withholding Amount") with respect to the exercise of any Option. The
Withholding Amount must be greater than or equal to the Minimum Withholding
Amount and, if the Payroll Taxpayer is an Executive Officer, less than or equal
to the Payroll Taxpayer's combined marginal tax rate for all Payroll Taxes. In
the absence of such an election, the Withholding Amount shall be the Minimum
Withholding Amount.

If all amounts withheld in payment of Payroll taxes are reported to the
appropriate taxing jurisdiction as amounts withheld from the Payroll Taxpayer,
the Company or Subsidiary may, in cases where the Corporate Secretary considers
it necessary, set the Withholding Amount to an amount in excess of the Minimum
Withholding Amount based on assumptions about the amount required by law to be
withheld.

9.03. Eligibility to Elect Stock Withholding.

A Payroll Taxpayer may elect to pay all or part of the Withholding Amount in
shares of the Option Class of Common Stock if the Optionee pays the Exercise
Price by delivering or attesting to ownership of shares of the Option Class of
Common Stock pursuant to Sections 8.02(b) or 8.02(c).

9.04. Manner of Withholding.

If the Payroll Taxpayer is eligible to satisfy his obligation to pay the
Withholding Amount by payment of shares of the Option Class of the Common Stock
pursuant to Section 9.03, he may pay the Withholding Amount by one or more of
the following methods:

     (i)   delivering Seasoned Shares of the Option Class; or

     (ii)  directing the Company to withhold from those shares that would
           otherwise be received upon exercise of the Option or upon the vesting
           of Restricted Shares, shares of the Option Class of the Common Stock
           having a Fair Market Value on the Tax Date of no more than the
           Minimum Withholding Amount; or

     (iii) paying cash to the Company.

     If the Payroll Taxpayer is not eligible to elect stock withholding, the
     Withholding Amount must be paid entirely in cash. Any portion of the
     Withholding Amount that would require withholding or delivery of a
     fractional share and any portion of the Withholding Amount not paid by the
     withholding or surrender of Common Stock must be paid in cash.

     (a)  Limit on Use of Unvested Restricted Shares. If the Option exercise
          resulted in the issuance of Restricted Shares and the Vesting Period
          with respect to the Restricted Shares has not ended on or before the
          Tax Date, method (ii) described in Section 9.04 shall not be available
          as a means of

                                      11
<PAGE>

          stock withholding.

     (b)  Limit with Respect to Transferred Options. If an Option was
          transferred by the Grantee or the tax liability resulting from the
          exercise of the Option is otherwise not imposed on the Optionee,
          method (ii) described in Section 9.04 shall not be available as a
          means of stock withholding.

                                  Article 10
                        Issuance of Shares on Exercise

10.01. Generally.

No Optionee will be considered a holder of any shares of Common Stock subject to
an Option until a stock certificate or certificates for such shares are issued
to the Optionee after an exercise of the Option under the terms of the Plan. No
Optionee shall be entitled to dividends (ordinary or extraordinary, whether in
cash, securities or other property), distributions, or other rights with respect
to the shares subject to purchase under the Option unless the record date for
any such dividend, distribution, or other right falls on or after the date the
Optionee becomes a record holder of such shares.

All shares of Common Stock issued pursuant to an exercise of an Option shall be
issued in the name of the Optionee, or in the name of the Optionee and the
Optionee's spouse, and shall, except as otherwise provided in Article 8, be
freely transferable by the registered owners upon issuance.

10.02. Elective Issuance of Restricted Shares.

Certain Optionees, as determined by the Committee, may elect to receive
Restricted Shares upon the exercise of an Option if the Optionee so states in
the Notice of Exercise and has paid the Exercise Price of the Option by
attesting to or by delivering shares of unrestricted Common Stock pursuant to
Sections 8.02(b) or 8.02(c).

If an Optionee elects on exercise of any Option to receive Restricted Shares,
the Company shall issue to the Optionee

(i)  a number of unrestricted shares of the Option Class of Common Stock equal
     to the number of unrestricted shares the Optionee used to pay the Exercise
     Price plus

(ii) all other shares issuable pursuant to the exercise of the Option as
     Restricted Shares, having the Vesting Period specified by the Optionee in
     the Notice of Exercise and otherwise subject to the restrictions on
     transfer and other terms set forth in Section 10.05.

10.03. Mandatory Issuance of Restricted Shares.

Certain Optionees, as determined by the Committee, may in the exercise of an
Option deliver or attest to ownership of Restricted Shares of the Option Class
of Common Stock in payment of the Exercise Price, notwithstanding restrictions

                                      12
<PAGE>

on transferability to which such shares are subject. If an Optionee elects to so
pay the Exercise Price of an Option, the Company shall issue to the Optionee

(i)  a number of shares of the Option Class equal to the number of Restricted
     Shares used to pay the Exercise Price as Restricted Shares having a Vesting
     Period identical to the Vesting Period of the shares so used in payment of
     the Exercise Price and

(ii) all other shares of the Option Class issuable pursuant to the exercise of
     the Options as Restricted Shares having a Vesting Period identical to the
     Vesting Period of the shares so used to pay the Exercise Price, or if the
     Optionee elects in the Notice of Exercise, a Vesting Period extending
     beyond the end of the Vesting Period of the shares so used.

10.04. Issuance of Restricted Shares Not Available to Transferred Options.

Neither the Optionee nor the Grantee of an Option transferred by the Grantee
pursuant to the provisions of this Plan may use Restricted Shares in payment of
the Exercise Price nor elect to receive Restricted Shares on exercise of the
Option.

10.05. Terms of Restricted Shares Issued on Exercise.

Subject to the right of the Optionee to elect the length of the Vesting Period
applicable to Restricted Shares issued pursuant to an Option exercise under the
Plan, all Restricted Shares issued pursuant to the Plan shall be subject to the
terms and conditions set forth in this Section 10.05.

(a)  Restriction on Transfer. An Optionee who receives Restricted Shares may not
     sell, transfer, assign, pledge or otherwise encumber or dispose of the
     Restricted Shares until the end of the Vesting Period for such shares,
     except:

     (i)  to the Company in payment of the exercise price of a stock option
          issued by the Company under any director or employee stock option plan
          adopted by the Company that provides for payment of the exercise price
          in the form of restricted stock or

     (ii) to a trust that is a Qualified Trust upon the following
          terms:

          (A)  the Company receives, before the transfer, a true copy of the
               trust agreement of the Qualified Trust and an opinion from
               Optionee's counsel that (1) the trust will be treated as a
               grantor trust owned by the Optionee under Subchapter J of the
               Code at all times until the restrictions on such stock lapse or
               the stock is forfeited under the terms of their grant, (2) the
               terms of the trust provide that upon the forfeiture of the
               Restricted Shares under the terms of its grant or the earlier
               termination of the trust for whatever reason, ownership of the
               Restricted Shares shall revert to the Optionee or to the Company,
               (3) the trustee of such trust may not, prior to the lapsing of
               restrictions on such stock, sell, transfer, assign, pledge, or
               otherwise encumber or dispose of the

                                      13
<PAGE>

               Restricted Shares except to the Company or to the Optionee,
               subject to the restrictions provided for in this Plan, and (4)
               until the restrictions lapse, the trustee is not authorized to
               incur liabilities on behalf of the trust, other than to the
               beneficiaries of the trust; and

          (B)  the Corporate Secretary, in his discretion, may require the
               Optionee and the trustee to execute other documents as a
               precondition to such transfer to insure enforcement of the terms
               of the Restricted Shares or otherwise.

(b)  Enforcement of Transfer Restrictions. Unless the Corporate Secretary
     establishes alternative procedures, certificates representing Restricted
     Shares shall be registered in the name of the Optionee (or the Qualified
     Transferee trust in the case of shares transferred to such a trust pursuant
     to Section 10.05(a)) and shall be held by the Company in escrow, together
     with a stock power assigning the Restricted Shares back to the Company, to
     be used only in the event of the forfeiture of any of the Restricted
     Shares.

(c)  Vesting Period. When an Optionee elects a Vesting Period to apply to
     Restricted Shares issued under the Plan, the Optionee shall elect a Vesting
     Period ending at least six months and no more than ten years after the
     Exercise Date of the Option with respect to which the Restricted Shares
     were issued, but in no event may the Optionee elect a Vesting Period ending
     before the end of the Vesting Period of any Restricted Shares used to pay
     the Exercise Price of the Option pursuant to Section 10.03.

     The Corporate Secretary may establish restrictions on the dates during the
     year on which Vesting Periods electable pursuant to this Article 10 may end
     for the convenient administration of Restricted Shares issued under the
     Plan.

     At any time on or before the last day of the 13th calendar month that ends
     on or before the last day of the Vesting Period for any Restricted Shares,
     the Optionee may elect to extend the Vesting Period on all but not a
     portion of the Restricted Shares by any multiple of six months.

(d)  Forfeiture and Vesting of Restricted Shares.

     (1)  Vesting at End of Vesting Period. Any Restricted Shares not forfeited
          by the end of the Vesting Period shall vest, and the Company shall
          issue a certificate evidencing the shares to the registered owner
          thereof promptly after the end of the Vesting Period.

     (2)  Restricted Shares Issued Mandatorily. Unless the Committee determines
          otherwise, Restricted Shares issued mandatorily pursuant to the
          exercise of an Option under Section 10.03 shall inherit the vesting
          conditions of the Restricted Shares used to pay the Exercise Price. If
          the Restricted Shares used to pay the Exercise Price would be
          forfeited upon the Grantee's termination of service or employment
          before the

                                      14
<PAGE>

     end of the Vesting Period, the Restricted Shares issued pursuant to such
     exercise shall be forfeited; if the Restricted Shares used to pay the
     Exercise Price would be vested upon the Grantee's termination of service or
     employment before the end of the Vesting Period, the Restricted Shares
     issued pursuant to such exercise shall vest and the Company shall issue a
     certificate representing the shares to the registered owner thereof.
     Likewise, Restricted Shares issued under the Plan shall be forfeited or
     shall vest upon the occurrence of any other event that would cause the
     forfeiture or vesting of the Restricted Shares used to pay the Exercise
     Price under Section 10.03.

     (3)  Restricted Shares Issued Electively. Unless the Committee determines
          otherwise, restrictions on Restricted Shares issued at the election of
          the Optionee under Section 10.02 shall lapse if the Grantee terminates
          his service or employment at any time before the end of the Vesting
          Period for the Restricted Shares if

          (i)   the Grantee terminated service or employment by reason of the
                Grantee's Death or Total Disability,

          (ii)  the Grantee terminated service or employment by reason of the
                Grantee's Normal Retirement, or

          (iii) the Grantee's employment was terminated involuntarily other than
                as a Termination for Cause,

          in which cases, the Company shall issue a certificate representing the
          shares to the registered owner thereof; otherwise the Restricted
          Shares shall be forfeited.

     (e)  Acceleration on Change in Control. Unless the Committee determines
          otherwise, Restricted Shares issued at the election of the Optionee
          under Section 10.02 shall vest on a Change in Control if the Change in
          Control occurs at least one year after the Exercise Date on which the
          Restricted Shares were issued.

     (f)  Rights of Grantee in Restricted Stock. The registered owner of
          Restricted Shares shall have the right to vote the shares of stock and
          to receive dividends or other distributions with respect to the
          shares.

                                  Article 11
                                 Reload Rights

11.01. Grant of Reload Rights on Outstanding Non-Qualified Options.

The Committee may grant Reload Rights with respect to any outstanding
NonQualified Options issued under any stock option plan of the Company, whether
originally granted with Reload Rights or not.

                                      15
<PAGE>

11.02. Terms of Reload Options.

Any Underlying Option granted Reload Rights shall, unless the Committee
specifies other terms at the time the Reload Rights are granted, entitle the
Grantee to receive a new Option (a "Reload Option") to purchase shares of the
same Option Class as the Underlying Option upon the Optionee's exercise of the
Underlying Option by delivery or attestation of shares of Common Stock in
payment of the Exercise Price on the terms set forth in this Article 11.

(a)  Conditions to the Grant of Reload Options. No Reload Option
     shall be granted on the exercise of the Underlying Option unless

     (i)   a sufficient number of shares remain authorized and not issued or
           subject to purchase under outstanding Options granted under the Plan;

     (ii)  the Grantee of the Option is a Director or Employee on the Exercise
           Date of the Underlying Option;

     (iii) the exercise of the Underlying Option is for the purchase of a number
           of shares of Common Stock at least equal to the lesser of (a) 25% of
           the total number of shares subject to purchase under the Underlying
           Option or (b) 100% of the shares with respect to which the Underlying
           Option is then exercisable;

     (iv)  the Grant Date of the Reload Option would be at least one year before
           the Expiration Date of the Underlying Option; and

     (v)   the Fair Market Value of one share of the Underlying Option's Option
           Class on the Exercise Date is greater than or equal to the Strike
           Price of the Underlying Option.

(b)  Number of Shares Subject to Purchase; Grant Date. Each Reload Option shall
     entitle the Optionee to purchase a number of shares equal to the sum of

     (i)  the number of shares of the Option Class used to pay the Exercise
          Price of the Underlying Option pursuant to Sections 8.02(b) or 8.02(c)
          on the Exercise Date and

     (ii) the number of shares of the Option Class delivered or withheld in
          payment of the Withholding Amount pursuant to Section 9.04.

     If the Exercise Date and the Tax Date do not coincide, the Reload Option
     shall be issued as two separate Options to purchase the number of shares
     set forth in (i) and (ii) above and having Grant Dates on the Exercise Date
     and the Tax Date, respectively.

(c)  Strike Price. Each Reload Option shall have a Strike Price equal to the
     Fair Market Value of one share of the Option Class of the Common Stock on
     the Grant Date of the Reload Option.

(d)  Expiration Date. Each Reload Option shall have the same Expiration Date as
     the Underlying Option.

                                      16
<PAGE>

(e)  No Reload Rights. No Reload Option shall have Reload Rights.

(f)  Rate of Exercisability. Each Reload Option shall become exercisable in full
     on the first anniversary of the Grant Date of the Reload Option.

(g)  Forfeiture on Disposition of Shares Acquired in Exercise of Underlying
     Option. Each Reload Option shall be forfeited if the Optionee disposes of
     any of the shares issued on exercise of the Underlying Option before the
     date six months after the Exercise Date to any Person other than the
     Company in the payment of Payroll Taxes on exercise of the Underlying
     Option.

(h)  Other Terms and Conditions. Except to the extent in conflict with the terms
     set forth in this Article 11, the terms for Options granted under the Plan
     as set forth in Section 7.01 shall apply to each Reload Option.

(i)  Terms of Foreign Reload Options. A Foreign Reload Option shall be subject
     to the terms and conditions set forth in the plan in which the underlying
     reload right was granted.

11.03. Variant Reload Rights.

Any terms of Reload Rights or Reload Options different from those set forth in
this Article 11 must be set forth in the Stock Option Agreement for the
Underlying Option.

                                  Article 12
                       Change in Stock, Adjustments, Etc

If the outstanding Common Stock of the Company is increased or decreased or
changed into or exchanged for a different number of shares or kind of shares or
other securities of the Company or of another Person by reason of a
reorganization, merger, consolidation, recapitalization, reclassification, stock
split-up, combination of shares, or a dividend payable in capital stock
(including a spinoff), or otherwise, the Committee shall make an appropriate
adjustment to the number and kind of shares for the purchase of which Options
may be granted under the Plan including the maximum number that may be granted
to any one person.

In addition, the Committee shall make appropriate adjustment to the number and
kind of shares as to which outstanding Options, or portions thereof then
unexercised, shall be exercisable and to the Strike Price of the Options. Each
such adjustment to outstanding Incentive Stock Options shall be made in such a
manner as not to constitute a modification as defined in Code Section 424. If
any outstanding Options are subject to any conditions affected by the event, the
Committee shall also make appropriate adjustments to such conditions. Any such
adjustments made by the Committee shall be conclusive.

The grant of an Option pursuant to the Plan shall not affect in any way the
right or power of the Company to make adjustments, reclassifications,
reorganizations or changes of its capital or business structure or to merge or
to consolidate or to dissolve, liquidate, or to sell or transfer all or any part
of its business or assets.

                                      17
<PAGE>

                                  Article 13
                           Amendment and Termination

The Board may at any time amend or terminate the Plan as it considers advisable
and in the best interests of the Company, but no such termination or amendment
may

(i)  without the consent of the Optionee, adversely affect or impair the rights
     of the Optionee under any outstanding Option; or

(ii) be inconsistent with the provisions of the 1997 Program.

                                  Article 14
                    Effective Date and Duration of the Plan

This Plan was initially effective as of February 17, 1990, and was continued as
a plan under the 1997 Program on the Program Adoption Date. No Option shall be
granted under the Plan after the last permissible date for the granting of
Options under the 1997 Program, but Options granted before that date may have
Expiration Dates that extend beyond such date.

                                  Article 15
                                  Definitions

15.01. 1989 Program.

"1989 Program" means the Company's Long-Term Stock Incentive Program, approved
by the Company's shareholders on April 18, 1989.

15.02. 1997 Program.

"1997 Program" means the Company's 1997 Long-Term Stock Incentive Program,
approved by the Company's shareholders on April 15, 1997, as amended from time
to time.

15.03. Affiliate.

"Affiliate" means those Persons, other than Subsidiaries of the Company,
designated from time to time by the Committee as such.

15.04. Authorized Officer.

"Authorized Officer" means the Chief Executive Officer of the Company.

15.05. Board.

"Board" means the board of directors of the Company.

15.06. Change in Control.

"Change in Control" means the occurrence of any of the following events

                                      18
<PAGE>

(i)   the acquisition of securities of the Company representing 20% or more of
      the combined voting power of the Company's then outstanding securities by
      any "person" or "group" as such terms are defined in Sections 13(d) and
      14(d) of the Exchange Act, other than

      (A)  a trustee or other fiduciary holding securities under an
           employee benefit plan of the Company;

      (B)  the Company or a Person (or one of its Subsidiaries) owned by the
           stockholders of the Company in substantially the same proportions as
           their ownership of the stock of the Company; or

      (C)  Deutsche Telekom AG or France Telecom, individually or collectively;

(ii)  at the end of any two-year period, less than a majority of the directors
      of the Company are directors

      (A)  who were directors of the Company at the beginning of the two-year
           period or

      (B)  whose election as director was approved by a vote of two-thirds of
           the then directors described in the preceding clause (A) or this
           clause (B) by prior election;

(iii) the Company's shareholders approve a merger or consolidation in which the
      Company is not the surviving entity, or a liquidation or dissolution of
      the Company, or a sale of all or substantially all of the Company's
      assets; or

(iv)  the acquisition by Deutsche Telekom AG or France Telecom, individually or
      collectively, of additional securities of the Company that would result in
      their possessing in the aggregate 35% or more of the combined voting power
      of the Company's then outstanding securities.

15.07. Code.

"Code" means the Internal Revenue Code of 1986, as amended, or any successor
statute.

15.08. Code Section.

"Code Section" is a reference to a particular section of the Code, and includes
any successor provision or the same or a successor provision as renumbered at
any time.

15.09. Committee.

"Committee" means the the Organization, Compensation, and Nominating Committee
of the Board.

15.10. Common Stock.

"Common Stock" means any class of the Company's publicly-traded common stock as
the Committee may determine to issue under the Plan, including the FON Stock and
the PCS Stock.

                                      19
<PAGE>

15.11. Company.

"Company" means Sprint Corporation, a Kansas corporation, or its successor.

15.12. Corporate Secretary.

"Corporate Secretary" means the secretary of the Company.

15.13. Director.

"Director" means a member of the Board or a member of the board of directors of
a Subsidiary of the Company.

15.14. Employee.

"Employee" means an employee of the Company or a Subsidiary of the Company.

15.15. Equity Security.

"Equity Security" means an equity security as defined by the Exchange Act for
purposes of Exchange Act Section 16.

15.16. Exchange Act.

"Exchange Act" means the Securities Exchange Act of 1934, as amended from time
to time and as interpreted and implemented by the rules and regulations issued
thereunder.

15.17. Exchange Act Section 16.

"Exchange Act Section 16" means section 16 of the Exchange Act.

15.18. Executive Officer.

"Executive Officer" means an officer of the Company that is subject to the
liability provisions of Exchange Act Section 16.

15.19. Exercise Date.

"Exercise Date" has the meaning indicated in Section 8.01.

15.20. Exercise Price.

"Exercise Price" means, with respect to the exercise of an Option, the Strike
Price of the Option multiplied by the number of shares with respect to which the
Option is being exercised.

15.21. Expiration Date.

"Expiration Date" means, with respect to any Option, the last date on which the
Option may be exercised in the absence of an earlier forfeiture of the Option.

15.22. Fair Market Value.

"Fair Market Value" means, with respect to any class of the Common Stock on any
date, the average of the high and low prices per share of that class of Common
Stock for composite transactions on that date, unless there was no trading in
that class of Common Stock on that date, in which case, on the most

                                      20
<PAGE>

recent day before that date on which that class of Common Stock was traded. The
Fair Market Value of shares of Restricted Stock shall be determined without
taking into account any restrictions.

"Fair Market Value" means, with respect to other property, the value of the
property as determined by the Committee.

15.23. FON Stock.

"FON Stock" means the Series 1 FON Stock as described in the Company's articles
of incorporation.

15.24. Foreign Reload Option.

"Foreign Reload Option" means a reload option issued with respect to an option
issued under a plan of Sprint's other than this Plan.

15.25. Grant Date.

"Grant Date" means, with respect to any Option, the date on which the term of
the Option begins, as determined in Article 7 and Article 11.

15.26. Grantee.

"Grantee" means, with respect to any Option, the Director or Employee to whom
the Option was originally granted, notwithstanding any subsequent transfer of
the Option under the terms of the Plan.

15.27. Incentive Stock Option.

"Incentive Stock Option" means an Option designated as such in the action
granting the Option. This Plan's intent is that Incentive Stock Options meet the
requirements of Code Section 422.

15.28. Minimum Withholding Amount.

"Minimum Withholding Amount" means, with respect to any Option exercise, the
amount the employer is required to withhold from the income of the Payroll
Taxpayer under the Payroll Tax laws.

15.29. Non-Qualified Option.

"Non-Qualified Option" means any Option that is not an Incentive Stock Option.

15.30. Normal Retirement.

"Normal Retirement" means, with respect to any Employee, Retirement at or later
than an age qualifying as "normal retirement" under the Company's defined
benefit pension plan, whether or not the person is a participant in the plan
and, with respect to any Director, termination of service as a Director at the
mandatory retirement age for members of the Board under its policies, as amended
from time to time, even if the Director serves on the board of a Subsidiary or
Affiliate.

15.31. Notice of Exercise.

                                      21
<PAGE>

"Notice of Exercise" means the notice by an Optionee of the exercise of an
Option as set forth in Section 8.01.

15.32. Option.

"Option" means the right, set forth in a written agreement between the Company
and an Optionee, authorized by this Plan to acquire a determinable number of
shares of the Option Class of Common Stock at a determinable price for a
determinable period of time and having such other terms as may be determined by
the Committee or Authorized Officer or as set forth in this Plan.

15.33. Option Class.

"Option Class" means, with respect to any Option, the class of Common Stock
subject to purchase pursuant to the terms of the Option.

15.34. Optionee.

"Optionee" means, with respect to any Option at any particular time, the holder
of the Option at that time.

15.35. Payroll Tax.

"Payroll Tax" means any tax required by an employer to be withheld from wages
paid to its employees, including but not limited to federal income tax
withholding, Social Security and Medicare withholding taxes, and state and local
income tax withholding.

15.36. Payroll Taxpayer.

"Payroll Taxpayer" has the meaning specified in Section 9.01.

15.37. PCS Stock.

"PCS Stock" means the Series 1 PCS Stock as defined in the Company's articles of
incorporation.

15.38. Person.

"Person" means any individual, corporation, partnership, limited liability
company, business trust, or other entity.

15.39. Program Adoption Date.

"Program Adoption Date" means April 15, 1997.

15.40. Plan.

"Plan" means the 1990 Stock Option Plan, the terms of which are set forth in
this document.

15.41. Qualified Transferee.

"Qualified Transferee" means a Qualified Trust.

15.42. Qualified Trust.

"Qualified Trust" means a trust.

                                      22
<PAGE>

(i)   that is a grantor trust treated as owned by the Grantee under Subchapter J
      of the Code;

(ii)  of which the Grantee, the Grantee's spouse, or the Grantee's descendants
      by blood, adoption, or marriage, are the sole beneficiaries; and

(iii) that, by its terms, may not be amended to violate the foregoing
      restrictions so long as the trust is an Optionee under this Plan.

15.43. Reload Option.

"Reload Option" means an Option granted upon exercise of an Option having Reload
Rights under the terms and conditions set forth in Article 11

15.44. Restricted Shares.

"Restricted Shares" means shares of Common Stock subject to restrictions on
transfer and the possibility of forfeiture for any period of time.

15.45. Retirement.

"Retirement" means, in the case of an Employee, termination of employment by an
employee who is entitled to receive payment of pension benefits in accordance
with the Sprint Retirement Pension Plan or his employer's defined benefit
pension plan, if any, immediately after the employee's Termination Date and, in
the case of a Director, termination of service as a Director after five years of
service as a Director.

15.46. Seasoned Shares.

"Seasoned Shares" means, with respect to any Person, shares of Common Stock

(i)  acquired by such Person from the Company and owned by such Person for a
     period of at least six months; or

(ii) acquired by such Person other than from the Company.

15.47. Securities Act.

"Securities Act" means the Securities Act of 1933, as amended from time to time
and as interpreted and implemented by the rules and regulations issued
thereunder.

15.48. Strike Price.

"Strike Price" means, with respect to any Option, the price per share at which
the Optionee is entitled to purchase shares of Common Stock.

15.49. Subsidiary.

"Subsidiary" means, with respect to any Person (the "Controlling Person"),

(i)  all Persons (the "Controlled Persons") in whom the Controlling Person,
     together with its Subsidiaries, directly owns more than 50% of the voting
     rights, and

(ii) all Subsidiaries of the Controlled Persons.

                                      23
<PAGE>

15.50. Tax Date.

"Tax Date" means, with respect to any Option exercise, the date on which the
shares issued pursuant to the Option exercise become subject to federal income
taxation.

15.51. Termination Date. "Termination Date" means,

(i)  with respect to any Employee, the date on which the Employee ceases to be
     employed by the Company, any of its Subsidiaries, or any Affiliate, and
     ceases to receive severance benefits under any applicable plans for the
     payment of severance benefits by the employing entity, or

(ii) with respect to any Director, the date on which the Director's service as a
     director ends.

15.52. Termination for Cause.

In the case of an Employee, "Termination for Cause" means an involuntary
termination of employment because

(i)   the employee has materially breached the Company's Code of Ethics, or the
      code of ethics of the employer;

(ii)  the employee has materially breached the Sprint Employee Agreement
      Regarding Property Rights and Business Practices;

(iii) the employee has engaged in acts or omissions constituting dishonesty,
      intentional breach of a fiduciary obligation, or intentional acts of
      wrongdoing or misfeasance; or

(iv)  the employee has acted intentionally and in bad faith in a manner that
      results in a material detriment to the assets, business, or prospects of
      the employer.

In determining whether any particular employee was Terminated for Cause, the
characterization of the reason for termination used for purposes of other
employee benefit plans of the Company or other employer shall apply to this
Plan.

In the case of a Director, "Termination for Cause" means removal for cause from
service as a director.

15.53. Total Disability.

"Total Disability" means, in the case of employees, termination of employment
under circumstances that would make the employee eligible to receive benefits
under the employer's long-term disability plan and, in the case of Directors,
termination of service as a Director under circumstances that would make the
Director eligible to receive Social Security disability benefits.

15.54. Underlying Option.

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"Underlying Option" means, with respect to any Reload Option, the Option to
which the Reload Rights were attached and the exercise of which resulted in the
grant of the Reload Option.

15.55. Vesting Period.

"Vesting Period" means, with respect to any Restricted Shares, the period of
time during which the Restricted Shares (i) are subject to limitations on
transfer and (ii) may be divested from the owner upon failure to meet any
applicable conditions to vesting.

15.56. Withholding Amount.

"Withholding Amount" has the meaning specified in Section 9.02.

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