Document:

exv10w26

 

Exhibit 10.26

Award Agreement

This Award
Agreement (the “Agreement”) is entered into as of                     , 2007 (the
“Grant Date”), by and between Sprint Nextel Corporation, a Kansas corporation (together
with its direct and indirect subsidiaries, “Sprint”) and                     (the “Executive”), an employee of
Sprint for the grant of options and restricted stock units with respect to Sprint’s common stock,
Series 1, par value $2.00 per share (“Common Stock”).

In consideration of the mutual covenants and agreements set forth in this Agreement, the
parties agree to the following.

	1.	 	Defined Terms Incorporated from 1997 Long-Term Stock Incentive Program

Capitalized terms used in this Award Agreement and not defined herein shall have the meanings set
forth in Sprint’s 1997 Long-Term Stock Incentive Program (the “Program”).

	2.	 	Grant of Stock Options

Sprint hereby grants to the Executive under the Program options to buy                     shares of Common
Stock at an exercise price of $                    per share (the “Option”). The Option becomes exercisable at
a rate of 1/3rd of the total number of shares of Common Stock subject to purchase on
each of the first three anniversaries of the Grant Date and expires on the 10th
anniversary of the Grant Date. The Option is governed by the Program, and this Agreement hereby
incorporates the Standard Terms of Options set forth in Section 6(g) of the Program except as
provided in Section 4 below.

	3.	 	Grant of Restricted Stock Units

Sprint hereby grants to Executive under the Program                     restricted stock units (the “RSUs”).
Each RSU represents the unsecured right to require Sprint to deliver to Executive one share of
Common Stock. With respect to 100% of the RSUs, the “vesting date” and “initial delivery date” is
on the third anniversary of the Grant Date, subject to paragraph 4.02 below. The RSUs are governed
by, and this Agreement hereby incorporates, the Standard Terms of Other Stock Unit Awards set forth
in Section 9(c) of the Program except as provided in Section 4 below.

	4.	 	Terms different from Standard Terms

4.01 Option vesting. The Option will vest as described in Section 2 above rather than the standard
term set forth in Section 6(g)(v) of the Program.

4.02 Performance adjustment. Subject to the discretion of the Human Capital and Compensation
Committee of Sprint’s Board of Directors, the number of RSUs in Section 3 will be adjusted by
multiplying that number by a payout percentage (from 0% to 200%) based on achievement of financial
objectives relating to consolidated adjusted operating income before depreciation and amortization
(OIBDA) margin during 2009 (excluding certain business segments) and cumulative free cash flow from
operations during 2007 through 2009 (the “Performance Adjustment”). The Performance Adjustment
will be made as of the vesting date after year end 2009. Cash dividends on the Common Stock, if
any, underlying the Executive’s vested RSUs will be paid to the Executive as soon as practicable
after completion of the Performance Adjustment. These cash dividends will be calculated by first
adjusting the RSUs by the Performance Adjustment and then applying the dividend rate for each
quarterly dividend for which the Executive held the RSUs, as adjusted, on each dividend record
date.

4.03 Deferral of delivery not permitted. The Executive will not have the ability to defer delivery
of the RSUs under the provisions of Section 9(c)(ii) of the Program.

	5.	 	Plan Information

The Executive hereby acknowledges having read the 1997 Long-Term Stock Incentive Program Plan
Information Statement dated March 2007. To the extent not inconsistent with the provisions of this
Agreement, the terms of such information statement and the Program are hereby incorporated by this
reference.

In Witness Whereof, Sprint has caused this Agreement to be executed by its duly authorized
officer and the Executive has executed the same as of the Grant Date.

	 	 	 	 	 	 	 
	 

	 	 	 	Sprint Nextel Corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Authorized Officer
	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	“Executive”exv10w42

 

Exhibit 10.42

EMPLOYMENT AGREEMENT

     THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of February 12, 2007
(the “Effective Date”), by and between Sprint Nextel Corporation, a Kansas corporation (the
“Company”) on behalf of itself and any of its subsidiaries, affiliates and related entities, and
Mark Angelino (the “Executive”) (the Company and the Executive, collectively, the “Parties,” and
each, a “Party”). Certain capitalized terms are defined in Section 29.

WITNESSETH:

     WHEREAS, the Executive serves the Company as President-Sales & Distribution;

     WHEREAS, the Executive and the Company desire to enter into this Agreement; and

     NOW, THEREFORE, in consideration of the premises and of the covenants and agreements set forth
herein and for other good and valuable consideration, the sufficiency and receipt of which are
hereby acknowledged, the Company and the Executive agree as follows:

     1. Employment.  

          (a) The Company will continue to employ the Executive and the Executive will continue to be
employed by the Company upon the terms and conditions set forth herein.

          (b) The employment relationship between the Company and the Executive shall be governed by the
general employment policies and practices of the Company, including without limitation, those
relating to the Company’s Code of Conduct, confidential information and avoidance of conflicts,
except that when the terms of this Agreement differ from or are in conflict with the Company’s
general employment policies or practices, this Agreement shall control.

     2. Term. Subject to termination under Section 9, the Executive’s employment shall be
for an initial term of 24 months commencing on the Effective Date and shall continue through the
second anniversary of the Effective Date (the “Initial Employment Term”). At the end of the
Initial Employment Term and on each succeeding anniversary of the Effective Date, the Employment
Term will be automatically extended by an additional 12 months (each, a “Renewal Term”), unless not
less than 12 months prior to the end of the Initial Employment Term or any Renewal Term, either the
Executive or the Company has given the other written notice (in accordance with Section 20) of
nonrenewal. The Executive shall provide the Company with written notice of his intent to terminate
employment with the Company at least 30 days prior to the effective date of such termination.

     3. Position and Duties of the Executive. 

          (a) The Executive shall serve as President-Sales & Distribution and agrees to serve as an
officer of any enterprise and/or agrees to be an employee of any Subsidiary as may be requested
from time to time by the Board of Directors of the Company (the “Board”), any committee or person
delegated by the Board or the Chief Executive Officer of the Company (the “Chief Executive
Officer”). In such capacity, the Executive shall report directly to the Chief

 

 

Executive Officer of the Company or such other officer of the Company as may be designated by
the Chief Executive Officer. The Executive shall have such duties, responsibility and authority
commensurate with the Executive’s title and position, and such duties and responsibilities, as may
be assigned to the Executive from time to time by the Chief Executive Officer, the Board or such
other officer of the Company as may be designated by the Chief Executive Officer or the Board.

          (b) During the Employment Term, the Executive shall, except as may from time to time be
otherwise agreed to in writing by the Company, during reasonable vacations (as set forth in Section
7 hereof) and authorized leave and except as may from time to time otherwise be permitted pursuant
to Section 3(c), devote his best efforts, full attention and energies during his normal working
time to the business of the Company, any duties as may be delineated in the Company’s Bylaws for
the Executive’s position and title and such other related duties and responsibilities as may from
time to time be reasonably prescribed by the Board, any committee or person designated by the
Board, or the Chief Executive Officer, in each case, within the framework of the Company’s policies
and objectives.

          (c) During the Employment Term, and provided that such activities do not contravene the
provisions of Section 3(a) or Sections 10, 11, 12 or 13 hereof and, provided
further, the Executive does not engage in any other substantial business activity for gain,
profit or other pecuniary advantage which materially interferes with the performance of his duties
hereunder, the Executive may participate in any governmental, educational, charitable or other
community affairs and, subject to the prior approval of the Chief Executive Officer serve as a
member of the governing board of any such organization or any private or public for-profit company.
The Executive may retain all fees and other compensation from any such service, and the Company
shall not reduce his compensation by the amount of such fees.

     4. Compensation.

          (a) Base Salary. During the Employment Term, the Company shall pay to the Executive
an annual base salary of not less than his base salary as of the Effective Date, subject to this
Section 4(a), (the “Base Salary”), which Base Salary shall be payable at the times and in the
manner consistent with the Company’s general policies regarding compensation of the Company’s
senior executives. The Base Salary will be reviewed periodically by the Compensation Committee and
may be increased (but not decreased, except for across-the-board reductions generally applicable to
the Company’s senior executives) from time to time in the sole discretion of the Compensation
Committee.

          (b) Incentive Compensation.

     (i) The Executive will continue to be eligible to participate in any short-term
and long-term incentive compensation plans, annual bonus plans and such other
management incentive programs or arrangements of the Company approved by the Board
that are generally available to the Company’s senior executives, including, but not
limited to, the STIP, the 2006/2007 Integration Overachievement Plan and the LTSIP.
Incentive compensation shall be paid in

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accordance with the terms and conditions of the applicable plans, programs and
arrangements.

     (ii) Annual Performance Bonus. During the Employment Term, the
Executive shall be entitled to participate in the STIP, with such opportunities as
may be determined by the Compensation Committee in its sole discretion (“Target
Bonuses”), and as may be increased (but not decreased, except for across-the-board
reductions generally applicable to the Company’s senior executives) from time to
time, and the Executive shall be entitled to receive full payment of any award under
the STIP, determined pursuant to the STIP (a “Bonus Award”).

     (iii) Long-Term Performance Bonus. During the Employment Term, the
Executive shall be entitled to participate in the LTSIP with such opportunities, if
any, as may be determined by the Compensation Committee (“LTSIP Target Award
Opportunities”).

     (iv) Incentive bonuses, if earned, shall be paid when incentive compensation is
customarily paid to the Company’s senior executives in accordance with the terms of
the applicable plans, programs or arrangements.

     (v) Pursuant to the Company’s applicable incentive or bonus plans as in effect
from time to time, the Executive’s incentive compensation during the term of this
Agreement may be determined according to criteria intended to qualify as
performance-based compensation under Section 162(m) of the Internal Revenue Code of
1986, as amended (the “Code”).

          (c) Equity Compensation. The Executive shall continue to be eligible to participate
in such equity incentive compensation plans and programs as the Company generally provides to its
senior executives, including, but not limited to, the LTSIP. During the Employment Term, the
Compensation Committee may, in its sole discretion, grant equity awards to the Executive, which
would be subject to the terms of the respective award agreements evidencing such grants and the
applicable plan or program.

     (i) Restricted Stock Units. The Compensation Committee hereby grants
to the Executive 134,409 restricted stock units (the “RSUs”). Each RSU represents
the unsecured right to require the Company to deliver to the Executive one share of
common stock of the Company, Series 1, par value $2.00 per share. With respect to
100% of the RSUs, the “vesting date” and “delivery date” will be the third
anniversary of the Effective Date. The RSUs will be governed by the Standard Terms
of Other Stock Unit Awards set forth in Section 9(c) of the Company’s 1997 Long-Term
Stock Incentive Program; provided, however, that:

(A) the Executive will not be permitted to elect to defer delivery of
the RSUs pursuant to the provisions of Section 9(c)(ii) of the 1997
Long-Term Stock Incentive Program; and

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(B) in the event that the Executive’s employment is terminated by the
Company without Cause, conditioned upon the Executive delivering a
release to the Company pursuant to Section 9(b), vesting of the RSUs
will accelerate and any forfeiture provisions will lapse as of the
date of termination of employment.

     5. Benefits.  

          (a) During the Employment Term, the Company shall make available to the Executive, subject to
the terms and conditions of the applicable plans, participation for the Executive and his eligible
dependents in: (i) Company-sponsored group health, major medical, dental, vision, pension and
profit sharing, 401(k) and employee welfare benefit plans, programs and arrangements (the “Employee
Plans”) and such other usual and customary benefits in which senior executives of the Company
participate from time to time, and (ii) such fringe benefits and perquisites as may be made
available to senior executives of the Company as a group.

          (b) The Executive acknowledges that the Company may change its benefit programs from time to
time which may result in certain benefit programs being amended or terminated for its senior
executives generally.

     6. Expenses. The Company shall pay or reimburse the Executive for reasonable and
necessary business expenses incurred by the Executive in connection with his duties on behalf of
the Company in accordance with the Company’s Enterprise Financial Services—Employee Travel and
Expense Policy, as may be amended from time to time, or any successor policy, plan program or
arrangement thereto and any other of its expense policies applicable to senior executives of the
Company, following submission by the Executive of reimbursement expense forms in a form consistent
with such expense policies.

     7. Vacation. In addition to such holidays, sick leave, personal leave and other paid
leave as is allowed under the Company’s policies applicable to senior executives generally, the
Executive shall be entitled to participate in the Company’s vacation policy in accordance with the
Company’s policy generally applicable to senior executives. The duration of such vacations and the
time or times when they shall be taken will be determined by the Executive in consultation with the
Company.

     8. Place of Performance. In connection with his employment by the Company, the
Executive shall be based at the the principal executive offices of the Company in the vicinity of
Fairfax County, Virginia (the “Place of Performance”), except for travel reasonably required for
Company business. If the Company relocates the Executive’s place of work more than 50 miles from
his place of work prior to such relocation, the Executive shall relocate to a residence within (a)
50 miles of such relocated executive offices or (b) such total miles that does not exceed the total
number of miles the Executive commuted to his place of work prior to relocation of the Executive’s
place of work. To the extent the Executive relocates his residence as provided in this Section 8,
the Company will pay or reimburse the Executive’s relocation expenses in accordance with the
Company’s relocation policy applicable to senior executives.

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     9. Termination.

          (a) Termination by the Company for Cause or Resignation by the Executive Without Good
Reason. If, during the Employment Term, the Executive’s employment is terminated by the
Company for Cause, or if the Executive resigns without Good Reason, the Executive shall not be
eligible to receive Base Salary or to participate in any Employee Plans with respect to future
periods after the date of such termination or resignation except for the right to receive accrued
but unpaid cash compensation and vested benefits under any Employee Plan in accordance with the
terms of such Employee Plan and applicable law.

          (b) Termination by the Company Without Cause or Resignation by the Executive for Good
Reason outside of the CIC Severance Protection Period. If, during the Employment Term, the
Executive’s employment is terminated by the Company without Cause or the Executive terminates for
Good Reason prior to or following expiration of the CIC Severance Protection Period, receive from
the Company the Executive’s accrued, but unpaid, Base Salary through the date of termination of
employment, payable in accordance with the Company’s normal payroll practices, and conditioned upon
the Executive delivering to the Company a release in a form reasonably satisfactory to the Company
with all periods for revocation expired, in full satisfaction of the Executive’s rights and any
benefits the Executive might be entitled to under the Separation Plan and this Agreement, unless
otherwise specified, during the Payment Period, the Executive shall be entitled to:

     (i) receive from the Company periodic payments equal to his Base Salary in
effect prior to the termination of his employment in accordance with the Company’s
normal payroll practices;

     (ii) (A) receive a pro rata payment of the Bonus Award for the portion of the
Company’s fiscal year prior to the date of termination of his employment, (B)
receive a pro rata payment of the Capped Bonus Award for the portion of the
Company’s fiscal year following the date of termination of his employment, (C)
receive for the next fiscal year following the fiscal year during which termination
of his employment occurs, the Capped Bonus Award; and (D) receive payment of a pro
rata portion of the Capped Bonus Award for the second year following the fiscal year
during which the Executive’s employment terminates (for purposes of this Section
9(b)(ii) any pro rata payment shall be determined based on the methodology for
determining pro rated awards under the STIP); provided, however,
that to the extent the Executive’s employment is terminated for Good Reason due to a
reduction of the Executive’s Target Bonus, in accordance with Section 29(x)(ii), the
Executive’s Target Bonus for the purposes of this Section 9(b)(ii) shall be the
Executive’s Target Bonus immediately prior to such reduction;

     (iii) continued participation at then-existing participation and coverage
levels for 24 months in the Company’s medical, dental, vision and employee life
insurance plans comparable to the terms in effect from time to time for the
Company’s senior executives, including any co-payment and premium payment
requirements, except that (A) following such period, the Executive shall retain

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any rights to continue coverage under the Company’s medical, dental, vision and
employee life insurance plans under the benefits continuation provisions pursuant to
Section 4980B of the Code by paying the applicable premiums of such plans; (B) the
Executive shall no longer be eligible to receive the benefits otherwise receivable
pursuant to this Section 9(b)(iii) as of the date that the Executive becomes
eligible to receive comparable benefits from a new employer; and (C) the Company
will not provide for cash in lieu of benefits under this Section 9(b)(iii); and

     (iv) receive outplacement services by a firm selected by the Company at its
expense in an amount not to exceed $35,000, and the Company will not provide for
cash in lieu of this benefit.

          (c) Termination by the Company Without Cause or Resignation by the Executive for Good
Reason During the CIC Severance Protection Period. If prior to the expiration of the
Employment Term and during the CIC Severance Protection Period, the Executive’s employment is
terminated by the Company without Cause or the Executive terminates his employment for Good Reason,
subject to the terms and conditions of the CIC Severance Plan, the Executive shall be entitled to
severance compensation and benefits pursuant to the terms of the CIC Severance Plan. To the extent
that the Executive is not a Participant in the CIC Severance Plan at the time of termination, the
Executive shall be entitled to severance compensation and benefits pursuant to the terms of Section
9(b).

          (d) Termination by Death. If the Executive dies during the Employment Term, the
Executive’s employment will terminate and the Executive’s beneficiary or if none, the Executive’s
estate, shall be entitled to receive from the Company, the Executive’s accrued, but unpaid Base
Salary through the date of termination of employment and any vested benefits under any Employee
Plan in accordance with the terms of such Employee Plan and applicable law.

          (e) Termination by Disability. If the Executive becomes Disabled, prior to the
expiration of the Employment Term, the Executive’s employment will terminate and the Executive
shall be entitled to:

     (i) receive periodic payments of Base Salary in the same frequency as the
Company’s payroll schedule for 12 months (reduced by any amounts paid under a
long-term disability plan (“LTD Plan”) now or hereafter sponsored by the Company
(calculated on a monthly basis)); and

     (ii) continued participation at then-existing participation and coverage levels
for 12 months in the Company’s medical, dental, vision and employee life insurance
plans comparable to the terms in effect from time to time for the Company’s senior
executives, including any co-payment and premium payment requirements;
provided, however, that the Company will not provide for cash in
lieu of these benefits under this Section 9(e)(ii).

          (f) No Mitigation Obligation. No amounts paid under Section 9 will be reduced by any
earnings that the Executive may receive from any other source. The Executive’s

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coverage under the Company’s medical, dental, vision and employee life insurance plans will
terminate as of the date that the Executive is eligible for comparable benefits from a new
employer. The Executive shall notify the Company within 30 days after becoming eligible for
coverage of any such benefits.

          (g) Forfeiture. Notwithstanding the foregoing, any right of the Executive to receive
termination payments and benefits hereunder shall be forfeited to the extent of any amounts payable
after any breach of Section 10, 11, 12, 13 or 15 by the Executive.

     10. Confidential Information; Statements to Third Parties.

          (a) During the Employment Term and on a permanent basis upon and following termination of the
Executive’s employment, the Executive acknowledges that:

     (i) all information, whether reduced to writing (or in a form from which
information can be obtained, translated, or derived into reasonably usable form) or
maintained in the mind or memory of the Executive and whether compiled or created by
the Company, any of its Subsidiaries or any affiliates of the Company or its
Subsidiaries (collectively, the “Company Group”), which derives independent economic
value from not being readily known to or ascertainable by proper means by others who
can obtain economic value from the disclosure or use of such information, of a
proprietary, private, secret or confidential (including, without exception,
inventions, products, processes, methods, techniques, formulas, compositions,
compounds, projects, developments, sales strategies, plans, research data, clinical
data, financial data, personnel data, computer programs, customer and supplier
lists, trademarks, service marks, copyrights (whether registered or unregistered),
artwork, and contacts at or knowledge of customers or prospective customers) nature
concerning the Company Group’s business, business relationships or financial affairs
(collectively, “Proprietary Information”) shall be the exclusive property of the
Company Group.

     (ii) the Proprietary Information of the Company Group gained by the Executive
during the Executive’s association with the Company Group was or will be developed
by and/or for the Company Group through substantial expenditure of time, effort and
money and constitutes valuable and unique property of the Company Group;

     (iii) reasonable efforts have been put forth by the Company Group to maintain
the secrecy of its Proprietary Information;

     (iv) such Proprietary Information is and will remain the sole property of the
Company Group; and

     (v) any retention or use by the Executive of Proprietary Information after the
termination of the Executive’s services for the Company Group will constitute a
misappropriation of the Company Group’s Proprietary Information.

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          (b) The Executive further acknowledges and agrees that he will take all affirmative steps
reasonably necessary or required by the Company to protect the Proprietary Information from
inappropriate disclosure during and after his employment with the Company.

          (c) The Executive further agrees that all files, letters, memoranda, reports, records, data,
sketches, drawings, laboratory notebooks, program listings, or other written, photographic,
electronic, or other tangible material containing or constituting Proprietary Information, whether
created by the Executive or others, which shall come into his custody or possession, regardless of
medium, shall be and are the exclusive property of the Company to be used by him only in the
performance of his duties for the Company. All such materials or copies thereof and all tangible
things and other property of the Company Group in the Executive’s custody or possession shall be
delivered to the Company (to the extent the Executive has not already returned) in good condition,
on or before five business days subsequent to the earlier of: (i) a request by the Company or (ii)
the Executive’s termination of employment for any reason or Cause, including for nonrenewal of this
Agreement, Disability, termination by the Company or termination by the Executive. After such
delivery, the Executive shall not retain any such materials or portions or copies thereof or any
such tangible things and other property and shall execute any statements or affirmations of
compliance under oath that the Company may require.

          (d) The Executive further agrees that his obligation not to disclose or to use information and
materials of the types set forth in Sections 10(a), 10(b) and 10(c) above, and his obligation to
return materials and tangible property, set forth in Section 10(c) above, also extends to such
types of information, materials and tangible property of customers of the Company Group,
consultants for the Company Group, suppliers to the Company Group, or other third parties who may
have disclosed or entrusted the same to the Company Group or to the Executive.

          (e) The Executive further acknowledges and agrees that he will continue to keep in strict
confidence, and will not, directly or indirectly, at any time, disclose, furnish, disseminate, make
available, use or suffer to be used in any manner any Proprietary Information of the Company Group
without limitation as to when or how the Executive may have acquired such Proprietary Information
and that he will not disclose any Proprietary Information to any person or entity other than
appropriate employees of the Company or use the same for any purposes (other than in the
performance of his duties as an employee of the Company) without written approval of the Board,
either during or after his employment with the Company.

          (f) Further the Executive acknowledges that his obligation of confidentiality will survive,
regardless of any other breach of this Agreement or any other agreement, by any party hereto, until
and unless such Proprietary Information of the Company Group has become, through no fault of the
Executive, generally known to the public. In the event that the Executive is required by law,
regulation, or court order to disclose any of the Company Group’s Proprietary Information, the
Executive will promptly notify the Company prior to making any such disclosure to facilitate the
Company seeking a protective order or other appropriate remedy from the proper authority. The
Executive further agrees to cooperate with the Company in seeking such order or other remedy and
that, if the Company is not successful in precluding the requesting legal body from requiring the
disclosure of the Proprietary Information, the Executive will furnish only that portion of the
Proprietary Information that is legally required, and the

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Executive will exercise all legal efforts to obtain reliable assurances that confidential
treatment will be accorded to the Proprietary Information.

          (g) The Executive’s obligations under this Section 10 are in addition to, and not in
limitation of, all other obligations of confidentiality under the Company’s policies, general legal
or equitable principles or statutes.

          (h) During the Employment Term and following his termination of employment:

     (i) the Executive shall not, directly or indirectly, make or cause to be made
any statements, including but not limited to, comments in books or printed media, to
any third parties criticizing or disparaging the Company Group or commenting on the
character or business reputation of the Company Group. Without the prior written
consent of the Board, unless otherwise required by law, the Executive shall not (A)
publicly comment in a manner adverse to the Company Group concerning the status,
plans or prospects of the business of the Company Group or (B) publicly comment in a
manner adverse to the Company Group concerning the status, plans or prospects of any
existing, threatened or potential claims or litigation involving the Company Group;

     (ii) the Company shall comply with its policies regarding public statements
with respect to the Executive and any such statements shall be deemed to be made by
the Company only if made or authorized by a member of the Board or a senior
executive officer of the Company; and

     (iii) nothing herein precludes honest and good faith reporting by the Executive
to appropriate Company or legal enforcement authorities.

          (i) The Executive acknowledges and agrees that a violation of the foregoing provisions of this
Section 10 would cause irreparable harm to the Company Group, and that the Company’s remedy at law
for any such violation would be inadequate. In recognition of the foregoing, the Executive agrees
that, in addition to any other relief afforded by law or this Agreement, including damages
sustained by a breach of this Agreement and any forfeitures under Section 9(g), and without the
necessity or proof of actual damages, the Company shall have the right to enforce this Agreement by
specific remedies, which shall include, among other things, temporary and permanent injunctions, it
being the understanding of the undersigned parties hereto that damages, the forfeitures described
above and injunctions shall all be proper modes of relief and are not to be considered as
alternative remedies.

     11. Non-Competition. In consideration of the Company entering into this Agreement,
for a period commencing on the Effective Date and ending on the expiration of the Restricted
Period:

          (a) The Executive covenants and agrees that the Executive will not, directly or indirectly,
engage in any activities on behalf of or have an interest in any Competitor of the Company Group,
whether as an owner, investor, executive, manager, employee, independent consultant, contractor,
advisor, or otherwise. The Executive’s ownership of less than one percent

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(1%) of any class of stock in a publicly traded corporation shall not be a breach of this
paragraph.

          (b) A “Competitor” is any entity doing business directly or indirectly (e.g., as an owner,
investor, provider of capital or otherwise) in the United States including any territory of the
United States (the “Territory”) that provides products and/or services that are the same or similar
to the products and/or services that are currently being provided at the time of Executive’s
termination or that were provided by the Company Group during the two-year period prior to the
Executive’s separation from service with the Company Group.

          (c) The Executive acknowledges and agrees that due to the continually evolving nature of the
Company Group’s industry, the scope of its business and/or the identities of Competitors may change
over time. The Executive further acknowledges and agrees that the Company Group markets its
products and services on a nationwide basis, encompassing the Territory and that the restrictions
imposed by this covenant, including the geographic scope, are reasonably necessary to protect the
Company Group’s legitimate interests.

          (d) The Executive covenants and agrees that should a court at any time determine that any
restriction or limitation in this Section 11 is unreasonable or unenforceable, it will be deemed
amended so as to provide the maximum protection to the Company Group and be deemed reasonable and
enforceable by the court.

     12. Non-Solicitation. In consideration of the Company entering into this Agreement,
for a period commencing on the Effective Date and ending on the expiration of the Restricted
Period, the Executive hereby covenants and agrees that he shall not, directly or indirectly,
individually or on behalf of any other person or entity do or suffer any of the following:

          (a) hire or employ or assist in hiring or employing any person who was at any time during the
last 18 months of Executive’s employment an employee, representative or agent of any member of the
Company Group or solicit, aid, induce or attempt to solicit, aid, induce or persuade, directly or
indirectly, any person who is an employee, representative, or agent of any member of the Company
Group to leave his or her employment with any member of the Company Group to accept employment with
any other person or entity;

          (b) induce any person who is an employee, officer or agent of the Company Group, or any of its
affiliated, related or subsidiary entities to terminate such relationship;

          (c) solicit any customer of the Company Group, or any person or entity whose business the
Company Group had solicited during the 180 day period prior to termination of the Executive’s
employment for purposes of business which is competitive to the Company Group within the Territory;
or

          (d) solicit, aid, induce, persuade or attempt to solicit, aid, induce or persuade any person
or entity to take any action that would result in a Change in Control of the Company or to seek to
control the Board in a material manner.

          (e) For purposes of this Section 12, the term “solicit or persuade” includes, but is not
limited to, (i) initiating communications with an employee of the Company Group

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relating to possible employment, (ii) offering bonuses or additional compensation to encourage
an employee of the Company Group to terminate his employment, (iii) referring employees of the
Company Group to personnel or agents employed by competitors, suppliers or customers of the Company
Group, and (iv) initiating communications with any person or entity relating to a possible Change
in Control.

     13. Developments.

          (a) The Executive acknowledges and agrees that he will make full and prompt disclosure to the
Company of all inventions, improvements, discoveries, methods, developments, software, mask works,
and works of authorship, whether patentable or copyrightable or not, (i) which relate to the
Company’s business and have heretofore been created, made, conceived or reduced to practice by the
Executive or under his direction or jointly with others, and not assigned to prior employers, or
(ii) which have utility in or relate to the Company’s business and are created, made, conceived or
reduced to practice by the Executive or under his direction or jointly with others during his
employment with the Company, whether or not during normal working hours or on the premises of the
Company (all of the foregoing of which are collectively referred to in this Agreement as
“Developments”).

          (b) The Executive further agrees to assign and does hereby assign to the Company (or any
person or entity designated by the Company) all of the Executive’s rights, title and interest
worldwide in and to all Developments and all related patents, patent applications, copyrights and
copyright applications, and any other applications for registration of a proprietary right. This
Section 13(b) shall not apply to Developments that the Executive developed entirely on his own time
without using the Company’s equipment, supplies, facilities, or Proprietary Information and that
does not, at the time of conception or reduction to practice, have utility in or relate to the
Company’s business, or actual or demonstrably anticipated research or development. The Executive
understands that, to the extent this Agreement shall be construed in accordance with the laws of
any Territory which precludes a requirement in an employee agreement to assign certain classes of
inventions made by an employee, this Section 13(b) shall be interpreted not to apply to any
invention which a court rules or the Company agrees falls within such classes.

          (c) The Executive further agrees to cooperate fully with the Company, both during and after
his employment with the Company, with respect to the procurement, maintenance and enforcement of
copyrights, patents and other intellectual property rights (both in the United States and other
countries) relating to Developments. The Executive shall not be required to incur or pay any costs
or expenses in connection with the rendering of such cooperation. The Executive will sign all
papers, including, without limitation, copyright applications, patent applications, declarations,
oaths, formal assignments, assignments of priority rights, and powers of attorney, and do all
things that the Company may reasonably deem necessary or desirable in order to protect its rights
and interests in any Development.

          (d) The Executive further acknowledges and agrees that if the Company is unable, after
reasonable effort, to secure the Executive’s signature on any such papers, any executive officer of
the Company shall be entitled to execute any such papers as the Executive’s agent and
attorney-in-fact, and the Executive hereby irrevocably designates and appoints each

11

 

executive officer of the Company as his agent and attorney-in-fact to execute any such papers
on the Executive’s behalf, and to take any and all actions as the Company may deem necessary or
desirable in order to protect its rights and interests in any Development, under the conditions
described in this sentence.

     14. Remedies. The Executive and the Company agree that the covenants contained in
Sections 10, 11, 12 and 13 are reasonable under the circumstances, and further agree that if in the
opinion of any court of competent jurisdiction any such covenant is not reasonable in any respect,
such court will have the right, power and authority to sever or modify any provision or provisions
of such covenants as to the court will appear not reasonable and to enforce the remainder of the
covenants as so amended. The Executive acknowledges and agrees that the remedy at law available to
the Company for breach of any of the Executive’s obligations under Sections 10, 11, 12 and 13 would
be inadequate and that damages flowing from such a breach may not readily be susceptible to being
measured in monetary terms. Accordingly, the Executive acknowledges, consents and agrees that, in
addition to any other rights or remedies that the Company may have at law, in equity or under this
Agreement, upon adequate proof of the Executive’s violation of any such provision of this
Agreement, the Company will be entitled to immediate injunctive relief and may obtain a temporary
order restraining any threatened or further breach, without the necessity of proof of actual
damage. Without limiting the applicability of this Section 14 or in any way affecting the right of
the Company to seek equitable remedies hereunder, in the event that the Executive breaches any of
the provisions of Sections 10, 11, 12 or 13 or engages in any activity that would constitute a
breach save for the Executive’s action being in a state where any of the provisions of Sections 10,
11, 12, 13 or this Section 14 is not enforceable as a matter of law, then the Company’s obligation
to pay any remaining severance compensation and benefits that has not already been paid to
Executive pursuant to Section 9 shall be terminated and within ten days of notice of such
termination of payment, the Executive shall return all severance compensation and the value of such
benefits, or profits derived or received from such benefits.

     15. Continued Availability and Cooperation.

          (a) Following termination of the Executive’s employment, the Executive shall cooperate fully
with the Company and with the Company’s counsel in connection with any present and future actual or
threatened litigation, administrative proceeding or investigation involving the Company that
relates to events, occurrences or conduct occurring (or claimed to have occurred) during the period
of the Executive’s employment by the Company. Cooperation will include, but is not limited to:

     (i) making himself reasonably available for interviews and discussions with the
Company’s counsel as well as for depositions and trial testimony;

     (ii) if depositions or trial testimony are to occur, making himself reasonably
available and cooperating in the preparation therefore, as and to the extent that
the Company or the Company’s counsel reasonably requests;

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     (iii) refraining from impeding in any way the Company’s prosecution or defense
of such litigation or administrative proceeding; and

     (iv) cooperating fully in the development and presentation of the Company’s
prosecution or defense of such litigation or administrative proceeding.

          (b) The Company will reimburse the Executive for reasonable travel, lodging, telephone and
similar expenses, as well as reasonable attorneys’ fees (if independent legal counsel is
necessary), incurred in connection with any cooperation, consultation and advice rendered under
this Agreement after the Executive’s termination of employment.

     16. Dispute Resolution. 

          (a) In the event that the Parties are unable to resolve any controversy or claim arising out
of or in connection with this Agreement or breach thereof, either Party shall refer the dispute to
binding arbitration, which shall be the exclusive forum for resolving such claims. Such
arbitration will be administered by Judicial Arbitration and Mediation Services, Inc. (“JAMS”)
pursuant to its Employment Arbitration Rules and Procedures and governed by Kansas law. The
arbitration shall be conducted by a single arbitrator selected by the Parties according to the
rules of JAMS. In the event that the Parties fail to agree on the selection of the arbitrator
within 30 days after either Party’s request for arbitration, the arbitrator will be chosen by JAMS.
The arbitration proceeding shall commence on a mutually agreeable date within 90 days after the
request for arbitration, unless otherwise agreed by the Parties, and in the location where the
Executive worked during the six months immediately prior to the request for arbitration if that
location is in Kansas or Virginia, and if not, the location will be Kansas, unless the Parties
agree otherwise.

          (b) The Parties agree that each will bear their own costs and attorneys’ fees. The arbitrator
shall not have authority to award attorneys’ fees or costs to any Party.

          (c) The arbitrator shall have no power or authority to make awards or orders granting relief
that would not be available to a Party in a court of law. The arbitrator’s award is limited by and
must comply with this Agreement and applicable federal, state, and local laws. The decision of the
arbitrator shall be final and binding on the Parties.

          (d) Notwithstanding the foregoing, no claim or controversy for injunctive or equitable relief
contemplated by or allowed under applicable law pursuant to Sections 10, 11, 12 and 13 of this
Agreement will be subject to arbitration under this Section 16, but will instead be subject to
determination in a court of competent jurisdiction in Kansas, which court shall apply Kansas law
consistent with Section 21 of this Agreement, where either Party may seek injunctive or equitable
relief.

     17. Other Agreements. No agreements (other than the agreements evidencing any grants
of equity awards) or representations, oral or otherwise, express or implied, with respect to the
subject matter hereof have been made by either party which are not expressly set forth in this
Agreement. Each party to this Agreement acknowledges that no representations, inducements,
promises, or other agreements, orally or otherwise, have been made by any party, or anyone acting
on behalf of any party, pertaining to the subject matter hereof, which are not embodied

13

 

herein, and that no prior and/or contemporaneous agreement, statement or promise pertaining to
the subject matter hereof that is not contained in this Agreement shall be valid or binding on
either party.

     18. Withholding of Taxes. The Company will withhold from any amounts payable under
this Agreement all federal, state, city or other taxes as the Company is required to withhold
pursuant to any law or government regulation or ruling.

     19. Successors and Binding Agreement.

          (a) The Company will require any successor (whether direct or indirect, by purchase, merger,
consolidation, reorganization or otherwise) to all or substantially all of the business or assets
of the Company expressly to assume and agree to perform this Agreement in the same manner and to
the same extent the Company would be required to perform if no such succession had taken place.
This Agreement will be binding upon and inure to the benefit of the Company and any successor to
the Company, including without limitation any persons acquiring directly or indirectly all or
substantially all of the business or assets of the Company whether by purchase, merger,
consolidation, reorganization or otherwise (and such successor shall thereafter be deemed the
“Company” for the purposes of this Agreement), but will not otherwise be assignable, transferable
or delegable by the Company, except that the Company may assign and transfer this Agreement and
delegate its duties thereunder to a wholly owned Subsidiary.

          (b) This Agreement will inure to the benefit of and be enforceable by the Executive’s personal
or legal representatives, executors, administrators, successors, heirs, distributees and legatees.

          (c) This Agreement is personal in nature and neither of the parties hereto shall, without the
consent of the other, assign, transfer or delegate this Agreement or any rights or obligations
hereunder except as expressly provided in Sections 19(a) and 19(b). Without limiting the
generality or effect of the foregoing, the Executive’s right to receive payments hereunder will not
be assignable, transferable or delegable, whether by pledge, creation of a security interest, or
otherwise, other than by a transfer by the Executive’s will or by the laws of descent and
distribution and, in the event of any attempted assignment or transfer contrary to this Section
19(c), the Company shall have no liability to pay any amount so attempted to be assigned,
transferred or delegated.

     20. Notices. All communications, including without limitation notices, consents,
requests or approvals, required or permitted to be given hereunder will be in writing and will be
duly given when hand delivered or dispatched by electronic facsimile transmission (with receipt
thereof confirmed), or five business days after having been mailed by United States registered or
certified mail, return receipt requested, postage prepaid, or three business days after having been
sent by a nationally recognized overnight courier service such as Federal Express or UPS, addressed
to the Company (to the attention of the General Counsel of the Company) at its principal executive
offices and to the Executive at his principal residence, or to such other address as any party may
have furnished to the other in writing and in accordance herewith, except that notices of changes
of address shall be effective only upon receipt.

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     21. Governing Law and Choice of Forum.

          (a) This Agreement will be construed and enforced according to the laws of the State of
Kansas, without giving effect to the conflict of laws principles thereof.

          (b) To the extent not otherwise provided for by the Section 16 of this Agreement, the
Executive and the Company consent to the jurisdiction of all state and federal courts located in
Overland Park, Johnson County, Kansas, as well as to the jurisdiction of all courts of which an
appeal may be taken from such courts, for the purpose of any suit, action, or other proceeding
arising out of, or in connection with, this Agreement or that otherwise arise out of the employment
relationship. Each party hereby expressly waives any and all rights to bring any suit, action, or
other proceeding in or before any court or tribunal other than the courts described above and
covenants that it shall not seek in any manner to resolve any dispute other than as set forth in
this paragraph. Further, the Executive and the Company hereby expressly waive any and all
objections either may have to venue, including, without limitation, the inconvenience of such
forum, in any of such courts. In addition, each of the parties consents to the service of process
by personal service or any manner in which notices may be delivered hereunder in accordance with
this Agreement.

     22. Validity/Severability. If any provision of this Agreement or the application of
any provision is held invalid, unenforceable or otherwise illegal, the remainder of this Agreement
and the application of such provision will not be affected, and the provision so held to be
invalid, unenforceable or otherwise illegal will be reformed to the extent (and only to the extent)
necessary to make it enforceable, valid or legal. To the extent any provisions held to be invalid,
unenforceable or otherwise illegal cannot be reformed, such provisions are to be stricken herefrom
and the remainder of this Agreement will be binding on the parties and their successors and assigns
as if such invalid or illegal provisions were never included in this Agreement from the first
instance.

     23. Survival of Provisions. Notwithstanding any other provision of this Agreement,
the parties’ respective rights and obligations under Sections 10, 11, 12, 13, 14, 15, 16, 18, 22
and 26 will survive any termination or expiration of this Agreement or the termination of the
Executive’s employment.

     24. Representations and Acknowledgements.

          (a) The Executive hereby represents that he is not subject to any restriction of any nature
whatsoever on his ability to enter into this Agreement or to perform his duties and
responsibilities hereunder, including, but not limited to, any covenant not to compete with any
former employer, any covenant not to disclose or use any non-public information acquired during the
course of any former employment or any covenant not to solicit any customer of any former employer.

          (b) The Executive hereby represents that, except as he has disclosed in writing to the
Company, he is not bound by the terms of any agreement with any previous employer or other party to
refrain from using or disclosing any trade secret or confidential or proprietary

15

 

information in the course of the Executive’s employment with the Company or to refrain from
competing, directly or indirectly, with the business of such previous employer or any other party.

          (c) The Executive further represents that, to the best of his knowledge, his performance of
all the terms of this Agreement and as an employee of the Company does not and will not breach any
agreement with another party, including without limitation any agreement to keep in confidence
proprietary information, knowledge or data the Executive acquired in confidence or in trust prior
to his employment with the Company, and that he will not knowingly disclose to the Company or
induce the Company to use any confidential or proprietary information or material belonging to any
previous employer or others.

          (d) The Executive acknowledges that he will not be entitled to any consideration or
reimbursement of legal fees in connection with execution of this Agreement.

          (e) The Executive hereby represents and agrees that, during the Restricted Period, if the
Executive is offered employment or the opportunity to enter into any business activity, whether as
owner, investor, executive, manager, employee, independent consultant, contractor, advisor or
otherwise, the Executive will inform the offeror of the existence of Sections 10, 11, 12 and 13 of
this Agreement and provide the offeror a copy thereof. The Executive authorizes the Company to
provide a copy of the relevant provisions of this Agreement to any of the persons or entities
described in this Section 24(e) and to make such persons aware of the Executive’s obligations under
this Agreement.

     25. Compliance with Code Section 409A. This Agreement is intended to be administered
and interpreted in a manner that is consistent with the requirements of Section 409A of the Code.
The timing of all payments or benefits provided in this Agreement, are therefore subject to the
requirements of Section 409A of the Code and other provisions of the Code and the implementing
regulations of the Code. Notwithstanding the foregoing, no particular tax result for the Executive
with respect to any income recognized by the Executive in connection with the Agreement is
guaranteed, and the Executive shall be responsible for any taxes, penalties and interest imposed on
him under or as a result of Section 409A of the Code in connection with the Agreement.

     26. Amendment; Waiver. Except as otherwise provided herein, his Agreement may not be
modified, amended or waived in any manner except by an instrument in writing signed by both Parties
hereto. No waiver by either Party at any time of any breach by the other Party hereto or
compliance with any condition or provision of this Agreement to be performed by such other Party
will be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any
prior or subsequent time.

     27. 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 together will constitute one and the same
agreement.

     28. Headings. Unless otherwise noted, the headings of sections herein are included
solely for convenience of reference and shall not control the meaning or interpretation of any of
the provisions of this Agreement.

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     29. Defined Terms.

          (a) “Agreement” has the meaning set forth in the preamble.

          (b) “Base Salary” has the meaning set forth in Section 4(a).

          (c) “Board” has the meaning set forth in Section 3(a).

          (d) “Bonus Award” has the meaning set forth in Section 4(b)(ii).

          (e) “Bylaws” means the Amended and Restated Sprint Nextel Corporation Bylaws, as may be
amended from time to time.

          (f) “Capped Bonus Award” shall mean the lesser of the annual Target Bonus or actual
performance for such fiscal year in accordance with the then existing terms of the STIP, which
shall not be payable until the Compensation Committee has determined that any incentive targets
have been achieved and the subsequent designated payout date has arrived.

          (g) “Cause” shall mean:

     (i) any act or omission constituting a material breach by the Executive of any
provisions of this Agreement

     (ii) the willful failure by the Executive to perform his duties hereunder
(other than any such failure resulting from the Executive’s Disability), after
demand for performance is delivered by the Company that identifies the manner in
which the Company believes the Executive has not performed his duties, if, within 30
days of such demand, the Executive fails to cure any such failure capable of being
cured;

     (iii) any intentional act or misconduct materially injurious to the Company or
any Subsidiary, financial or otherwise, or including, but not limited to,
misappropriation, fraud including with respect to the Company’s accounting and
financial statements, embezzlement or conversion by the Executive of the Company’s
or any of its Subsidiary’s property in connection with the Executive’s duties or in
the course of the Executive’s employment with the Company;

     (iv) the conviction (or plea of no contest) of the Executive for any felony or
the indictment of the Executive for any felony including, but not limited to, any
felony involving fraud, moral turpitude, embezzlement or theft in connection with
the Executive’s duties or in the course of the Executive’s employment with the
Company;

     (v) the commission of any intentional or knowing violation of any antifraud
provision of the federal or state securities laws;

     (vi) the Board reasonably believes in its good faith judgment that the
Executive has committed any of the acts referred to in this Section 29(g)(v);

17

 

     (vii) there is a final, non-appealable order in a proceeding before a court of
competent jurisdiction or a final order in an administrative proceeding finding that
the Executive committed any willful misconduct or criminal activity (excluding minor
traffic violations or other minor offenses) which commission is materially inimical
to the interests of the Company or any Subsidiary, whether for his personal benefit
or in connection with his duties for the Company or any Subsidiary;

     (viii) current alcohol or prescription drug abuse affecting work performance;

     (ix) current illegal use of drugs; or

     (x) violation of the Company’s Code of Conduct, with written notice of
termination by the Company for Cause in each case provided under this Section 29(g).

     For purposes of this Agreement, no act or failure to act on the part of the Executive shall be
deemed “intentional” if it was due primarily to an error in judgment or negligence, but shall be
deemed “intentional” only if done or omitted to be done by the Executive not in good faith and
without reasonable belief that the Executive’s action or omission was in the best interest of the
Company.

          (h) “Change in Control” has the meaning set forth in the CIC Severance Plan.

          (i) “Chief Executive Officer” has the meaning set forth in Section 3(a).

          (j) “CIC Severance Plan” means the Company’s Change in Control Severance Plan, as may be
amended from time to time, or any successor plan, program or arrangement thereto.

          (k) “CIC Severance Protection Period” has the meaning set forth in the CIC Severance Plan.

          (l) “Certificate of Incorporation” means the Amended and Restated Articles of Incorporation of
Sprint Nextel Corporation, as may be amended from time to time.

          (m) “Code” has the meaning set forth in Section 4(b)(v).

          (n) “Company” has the meaning set forth in the preamble.

          (o) “Company Group” has the meaning set forth in Section 10(a)(i).

          (p) “Compensation Committee” means the Human Capital and Compensation Committee of the Board.

          (q) “Competitor” has the meaning set forth in Section 11(b).

18

 

          (r) “Developments” has the meaning set forth in Section 13(a).

          (s) “Disability” or “Disabled” shall mean:

     (i) the Executive’s incapacity due to physical or mental illness to
substantially perform his duties and the essential functions of his position, with
or without reasonable accommodation, on a full-time basis for six consecutive months
as determined by the Board in its reasonable discretion, and within 30 days after a
notice of termination is thereafter given by the Company, the Executive shall not
have returned to the full-time performance of the Executive’s duties; and, further,

     (ii) the Executive becomes eligible to receive benefits under the LTD Plan;

provided, however, if the Executive shall not agree with a determination to
terminate his employment because of Disability, the question of the Executive’s disability shall be
subject to the certification of a qualified medical doctor agreed to by the Company and the
Executive. The costs of such qualified medical doctor shall be paid for by the Company.

          (t) “Effective Date” has the meaning set forth in the preamble.

          (u) “Employee Plans” has the meaning set forth in Section 5(a).

          (v) “Employment Term” means the Initial Employment Term and any Renewal Term.

          (w) “Executive” has the meaning set forth in the preamble.

          (x) “Good Reason” means the occurrence of any of the following without the Executive’s written
consent, unless within 30 days of the Executive’s written notice of termination of employment for
Good Reason, the Company cures any such occurrence:

     (i) the Company’s material breach of this Agreement;

     (ii) a reduction in the Executive’s Base Salary, as set forth in Section 4(a),
or Target Bonus, as set forth in Section 4(b)(ii) (that is not in either case agreed
to by the Executive), as compared to the corresponding circumstances in place on the
Effective Date as may be increased pursuant to Section 4, except for
across-the-board reductions generally applicable to all senior executives; or

     (iii) relocation of the Executive’s principal place of work more than 50 miles
without the Executive’s consent.

Any occurrence of Good Reason shall be deemed to be waived by the Executive unless the Executive
provides the Company written notice of termination of employment for Good Reason within 60 days of
the event giving rise to Good Reason.

19

 

          (y) “Initial Employment Term” has the meaning set forth in Section 2.

          (z) “JAMS” has the meaning set forth in Section 16.

          (aa) “LTD Plan” has the meaning set forth in Section 9(e).

          (bb) “LTSIP” means the Company’s 1997 Long-Term Stock Incentive Program, effective April 15,
1997 as may be amended from time to time, or any successor plan, program or arrangement thereto.

          (cc) “LTSIP Target Award Opportunities” has the meaning set forth in Section 4(b)(iii).

          (dd) “Parties” has the meaning set forth in the recitals.

          (ee) “Party” has the meaning set forth in the recitals.

          (ff) “Payment Period” means the 24 month period following the latest of: (i) the date
specified in this Agreement, (ii) the Executive’s “separation from service” with the Company or
(iii) if the Executive is a “specified employee,” the first business day that is after the date
that is six months following the date of the Executive’s “separation from service” with the
Company to the extent required in order to avoid the imposition of taxes or penalties under Code
Section 409A; except, in the case clause (iii) applies, the Executive will be paid a lump-sum cash
payment equal to the aggregate amount the Executive would have been entitled to receive during such
six month period and the Executive’s Payment Period shall then be the 18 month period following
such six month period. “Separation from service” and “specified employee” have the meanings
ascribed to such phrases in Code Section 409A.

          (gg) “Place of Performance” has the meaning set forth in Section 8.

          (hh) “Proprietary Information” has the meaning set forth in Section 10(a)(i).

          (ii) “Renewal Term” has the meaning set forth in Section 2.

          (jj) “Restricted Period” means the 24 month period following the Executive’s date of
termination of employment with the Company for any reason or Cause, including for nonrenewal of
this Agreement, Disability, termination by the Company or termination by the Executive.

          (kk) “Separation Plan” means the Company’s Separation Plan Amended and Restated Effective
August 13, 2006, as may be amended from time to time or any successor plan, program, arrangement or
agreement thereto.

          (ll) “STIP” means the Company’s Short-Term Incentive Plan, effective January 1, 2006, as may
be amended from time to time, or any successor plan, program or arrangement thereto.

20

 

          (mm) “Subsidiary” shall mean any entity, corporation, partnership (general or limited),
limited liability company, entity, firm, business organization, enterprise, association or joint
venture in which the Company directly or indirectly controls ten percent or more of the voting
interest.

          (nn) “Target Bonuses” has the meaning set forth in Section 4(b)(ii).

          (oo) “Territory” has the meaning set forth in Section 11(b).

          (pp) “2006/2007 Integration Overachievement Plan” means the Company’s 2006/2007 Integration
Overachievement Plan, effective as of January 1, 2006, as may be amended from time to time, or any
successor plan, program or arrangement thereto.

     IN WITNESS WHEREOF, the Company has caused this Agreement to be signed by an officer pursuant
to the authority of its Board, and the Executive has executed this Agreement, as of the day and
year first written above.

	 	 	 	 	 	 	 
	 	 	SPRINT NEXTEL CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Sandra J. Price	 	 
	 

	 	 	 	 	 	 
	 	 	Sandra J. Price	 	 
	 	 	Senior Vice President Human Resources	 	 
	 
	 	 	 	 	 	 
	 	 	/s/ M.E. Angelino	 	 
	 	 	 	 	 
	 	 	Mark Angelino	 	 

21

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