Document:

TMUS 06/30/2013 EX 10.20

EXHIBIT 10.20

T-MOBILE US, INC.
2013 OMNIBUS INCENTIVE PLAN
T-Mobile US, Inc., a Delaware corporation (the “Company”), sets forth herein the terms of its 2013 Omnibus Incentive Plan (the “Plan”), as follows:
		
	1.
	PURPOSE

The Plan is intended to enhance the Company's and its Affiliates' (as defined herein) ability to attract and retain highly qualified officers, non-employee members of the Board, key employees, consultants and advisors, and to motivate such officers, non-employee members of the Board, key employees, consultants and advisors to serve the Company and its Affiliates and to expend maximum effort to improve the business results and earnings of the Company, by providing to such persons an opportunity to acquire or increase a direct proprietary interest in the operations and future success of the Company.  To this end, the Plan provides for the grant of stock options, stock appreciation rights, restricted stock, restricted stock units, unrestricted stock, other stock-based awards and cash awards. Any of these awards may, but need not, be made as performance incentives to reward attainment of performance goals in accordance with the terms hereof. Stock options granted under the Plan may be non-qualified stock options or incentive stock options, as provided herein.
		
	2.
	DEFINITIONS

For purposes of interpreting the Plan and related documents (including Award Agreements), the following definitions shall apply:
2.1.    “Affiliate" means any company or other trade or business that “controls,” is “controlled by” or is “under common control” with the Company within the meaning of Rule 405 of Regulation C under the Securities Act, including, without limitation, any Subsidiary.

2.2.     “Annual Incentive Award”means a cash-based Performance Award with a performance period that is the Company's fiscal year or other 12-month performance period as specified under the terms of the Award as approved by the Committee.

2.3.     “Award” means a grant of an Option, Stock Appreciation Right, Restricted Stock, Restricted Stock Unit, Other Stock-based Award or cash award under the Plan.

2.4.     “Award Agreement” means a written agreement between the Company and a Grantee, or notice from the Company or an Affiliate to a Grantee that evidences and sets out the terms and conditions of an Award.

2.5.     “Board” means the Board of Directors of the Company.

2.6.    “Change in Control” shall have the meaning set forth in Section 15.3.2.

2.7.     “Code” means the Internal Revenue Code of 1986, as now in effect or as hereafter amended. References to the Code shall include the valid and binding governmental regulations, court decisions and other regulatory and judicial authority issued or rendered thereunder.

2.8.     “Committee” means one or more committees or subcommittees of the Board.  The Board will cause the Committee to satisfy the applicable requirements of any stock exchange on which the Common Stock may then be listed.  For purposes of Awards to Covered Employees intended to constitute Performance Awards, to the extent required by Code Section 162(m), Committee means all of the members of the Committee who are “outside directors” within the meaning of Section 162(m) of the Code.  For purposes of Awards to Grantees who are subject to Section 16 of the Exchange Act, Committee means all of the members of the Committee who are “non-employee directors” within the meaning of Rule 16b-3 adopted under the Exchange Act.  All references in the Plan to the Board shall mean such Committee or the Board.

2.9.     “Company” means T-Mobile US, Inc., a Delaware corporation, or any successor corporation.

2.10.    “Common Stock” or “Stock” means a share of common stock of the Company, par value $0.00001 per share.

2.11.     “Covered Employee” means a Grantee who is a “covered employee” within the meaning of Section 162(m)(3) of the Code as qualified by Section 12.4 herein.

2.12.     “Disability” means total and permanent disability as defined in Section 22(e)(3) of the Code. Notwithstanding the foregoing, for any Awards that constitute nonqualified deferred compensation within the meaning of Section 409A and provide for an accelerated payment in connection with any Disability, Disability shall have the same meaning as defined under Section 409A.

2.13.     “Effective Date” means June 4, 2013, the date the Plan was approved by the Company's stockholders.

2.14.     “Exchange Act” means the Securities Exchange Act of 1934, as now in effect or as hereafter amended.

2.14.     “Fair Market Value”of a share of Common Stock as of a particular date shall mean (i) if the Common Stock is listed on a national securities exchange, the closing or last price of the Common Stock on the composite tape or other comparable reporting system for the applicable date, or if the applicable date is not a trading day, the trading day immediately preceding the applicable date, or (ii) if the shares of Common Stock are not then listed on a national securities exchange, the closing or last price of the Common Stock quoted by an established quotation service for over-the-counter securities, or (iii) if the shares of Common Stock are not then listed on a national securities exchange or quoted by an established quotation service for over-the-counter securities, or the value of 

such shares is not otherwise determinable, such value as determined by the Board in good faith in its sole discretion.

2.16.     “Family Member” means a person who is a spouse, former spouse, child, stepchild, grandchild, parent, stepparent, grandparent, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother, sister, brother-in-law, or sister-in-law, including adoptive relationships, of the applicable individual, any person sharing the applicable individual's household (other than a tenant or employee), a trust in which any one or more of these persons have more than fifty percent of the beneficial interest, a foundation in which any one or more of these persons (or the applicable individual) control the management of assets, and any other entity in which one or more of these persons (or the applicable individual) own more than fifty percent of the voting interests

2.17.     “Grant Date” means, as determined by the Board, the latest to occur of (i) the date as of which the Board approves an Award, (ii) the date on which the recipient of an Award first becomes eligible to receive an Award under Section 6 hereof, or (iii) such other date as may be specified by the Board in the Award Agreement.

2.18.     “Grantee” means a person who receives or holds an Award under the Plan.

2.19.    “Incentive Stock Option” means an “incentive stock option” within the meaning of Section 422 of the Code, or the corresponding provision of any subsequently enacted tax statute, as amended from time to time.

2.20.     “Non-qualified Stock Option” means an Option that is not an Incentive Stock Option.

2.21.     “Option” means an option to purchase one or more shares of Stock pursuant to the Plan.

2.22.     “Option Price” means the exercise price for each share of Stock subject to an Option.

2.23.     “Other Stock-based Awards” means Awards consisting of Stock units, or other Awards, valued in whole or in part by reference to, or otherwise based on, Common Stock.

2.24.     “Performance Award” means an Award made subject to the attainment of performance goals (as described in Section 12) over a performance period of at least one (1) year, and includes an Annual Incentive Award.

2.25.    “Plan” means this T-Mobile US, Inc. 2013 Omnibus Incentive Plan, as amended from time to time.

2.26.     “Predecessor Plans”    means the MetroPCS Communications, Inc. 2004 Equity Incentive Compensation Plan and the MetroPCS Communications, Inc. 2010 Equity Incentive Compensation Plan.

2.27.    “Purchase Price” means the purchase price for each share of Stock pursuant to a grant of Restricted Stock.

2.28.    “Restricted Stock” means shares of Stock, awarded to a Grantee pursuant to Section 10 hereof.

2.29.    “Restricted Stock Unit” means a bookkeeping entry representing the equivalent of shares of Stock, awarded to a Grantee pursuant to Section 10 hereof.

2.30.    “SAR Exercise Price” means the per share exercise price of a SAR granted to a Grantee under Section 9 hereof.

2.31.    “SEC” means the United States Securities and Exchange Commission.

2.32.    “Section 409A” means Section 409A of the Code.

2.33.    “Securities Act” means the Securities Act of 1933, as now in effect or as hereafter amended.

2.34.    “Separation from Service” means a termination of Service by a Service Provider, as determined by the Board, which determination shall be final, binding and conclusive; provided if any Award governed by Section 409A is to be distributed on a Separation from Service, then the definition of Separation from Service for such purposes shall comply with the definition provided in Section 409A.

2.35.    “Service” means service as a Service Provider to the Company or an Affiliate. Unless otherwise stated in the applicable Award Agreement, a Grantee's change in position or duties shall not result in interrupted or terminated Service, so long as such Grantee continues to be a Service Provider to the Company or an Affiliate.

2.36.    “Service Provider” means an employee, officer, non-employee member of the Board, consultant or advisor of the Company or an Affiliate.

2.37.    “Stock Appreciation Right” or “SAR” means a right granted to a Grantee under Section 9 hereof.

2.38.    “Subsidiary” means any “subsidiary corporation” of the Company within the meaning of Section 424(f) of the Code.

2.39.    “Substitute Award” means any Award granted in assumption of or in substitution for an award of a company or business acquired by the Company or a Subsidiary or with which the Company or an Affiliate combines.

2.40.    “Ten Percent Stockholder” means an individual who owns more than ten percent (10%) of the total combined voting power of all classes of outstanding stock of the Company, its parent or any of its Subsidiaries. In determining stock ownership, the attribution rules of Section 424(d) of the Code shall be applied.

2.41    “Termination Date” means the date that is ten (10) years after the Effective Date, unless the Plan is earlier terminated by the Board under Section 5.2 hereof.

2.42.    “Transaction” shall have the meaning set forth in Section 15.2.

3. ADMINISTRATION OF THE PLAN
3.1    General. The Board shall have such powers and authorities related to the administration of the Plan as are consistent with the Company's certificate of incorporation and bylaws and applicable law. The Board shall have the power and authority to delegate its responsibilities hereunder to the Committee, which shall have full authority to act in accordance with its charter, and with respect to the authority of the Board to act hereunder, all references to the Board shall be deemed to include a reference to the Committee, to the extent such power or responsibilities have been delegated.  Except as specifically provided in Section 14 or as otherwise may be required by applicable law, regulatory requirement or the certificate of incorporation or the bylaws of the Company, the Board shall have full power and authority to take all actions and to make all determinations required or provided for under the Plan, any Award or any Award Agreement, and shall have full power and authority to take all such other actions and make all such other determinations not inconsistent with the specific terms and provisions of the Plan that the Board deems to be necessary or appropriate to the administration of the Plan.  The Committee shall administer the Plan; provided that, the Board shall retain the right to exercise the authority of the Committee to the extent consistent with applicable law and the applicable requirements of any securities exchange on which the Common Stock may then be listed.  The interpretation and construction by the Board of any provision of the Plan, any Award or any Award Agreement shall be final, binding and conclusive. Without limitation, the Board shall have full and final authority, subject to the other terms and conditions of the Plan, to:

(i) designate Grantees;
(ii) determine the type or types of Awards to be made to a Grantee;
(iii) determine the number of shares of Stock to be subject to an Award;
(iv) establish the terms and conditions of each Award (including, but not limited to, the Option Price of any Option, the nature and duration of any restriction or condition (or provision for lapse thereof) relating to the vesting, exercise, transfer, or forfeiture of an Award or the shares of Stock subject thereto, and any terms or conditions that may be necessary to qualify Options as Incentive Stock Options);
(v) prescribe the form of each Award Agreement; and
(vi) amend, modify, or supplement the terms of any outstanding Award including the authority, in order to effectuate the purposes of the Plan, to modify Awards to foreign nationals or individuals who are employed outside the United States to recognize differences in local law, tax policy, or custom.
To the extent permitted by applicable law, the Board may delegate its authority as identified herein to any individual or committee of individuals (who need not be directors), 

including without limitation the authority to make Awards to Grantees who are not subject to Section 16 of the Exchange Act or who are not Covered Employees.  To the extent that the Board delegates its authority to make Awards as provided by this Section, all references in the Plan to the Board's authority to make Awards and determinations with respect thereto shall be deemed to include the Board's delegate.  Any such delegate shall serve at the pleasure of, and may be removed at any time by the Board.
3.2.    Restrictions; No Repricing. 

Notwithstanding the foregoing, no amendment or modification may be made to an outstanding Option or SAR that causes the Option or SAR to become subject to Section 409A, without the Grantee's written prior approval.  Notwithstanding any provision herein to the contrary, the repricing of Options or SARs is prohibited without prior approval of the Company's stockholders.  For this purpose, a “repricing” means any of the following (or any other action that has the same effect as any of the following): (i) changing the terms of an Option or SAR to lower its Option Price or SAR Exercise Price; (ii) any other action that is treated as a “repricing” under generally accepted accounting principles; and (iii) repurchasing for cash or canceling an Option or SAR at a time when its Option Price or SAR Exercise Price is greater than the Fair Market Value of the underlying shares in exchange for another Award, unless the cancellation and exchange occurs in connection with a change in capitalization or similar change under Section 15.  A cancellation and exchange under clause (iii) would be considered a “repricing” regardless of whether it is treated as a “repricing” under generally accepted accounting principles and regardless of whether it is voluntary on the part of the Grantee.

3.3.    Award Agreements; Clawbacks.

The grant of any Award may be contingent upon the Grantee executing the appropriate Award Agreement.  The Company may retain the right in an Award Agreement to cause a forfeiture of the gain realized by a Grantee on account of actions taken by the Grantee in violation or breach of or in conflict with any employment agreement, non-competition agreement, any agreement prohibiting solicitation of employees or clients of the Company or any Affiliate thereof or any confidentiality obligation with respect to the Company or any Affiliate thereof or otherwise in competition with the Company or any Affiliate thereof, to the extent specified in such Award Agreement applicable to the Grantee.  Furthermore, the Company may annul an Award if the Grantee is terminated for “cause” as defined in the applicable Award Agreement.
Awards shall be subject to the requirements of (i) Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (regarding recovery of erroneously awarded compensation) and any implementing rules and regulations thereunder, (ii) similar rules under the laws of any other jurisdiction, (iii) any compensation recovery policies adopted by the Company to implement any such requirements or (iv) any other compensation recovery policies as may be adopted from time to time by the Company, all to the extent determined by the Committee in its discretion to be applicable to a Grantee.

3.4.    Deferral Arrangement.

The Board may permit or require the deferral of any Award payment into a deferred compensation arrangement, subject to such rules and procedures as it may establish and in accordance with Section 409A, which may include provisions for the payment or crediting of interest or dividend equivalents, including converting such credits into deferred Stock units.
3.5    No Liability.

No member of the Board or of the Committee shall be liable for any action or determination made in good faith with respect to the Plan, any Award or Award Agreement.
3.6.    Book Entry.

Notwithstanding any other provision of this Plan to the contrary, the Company may elect to satisfy any requirement under this Plan for the delivery of stock certificates through the use of book-entry.
4.    STOCK SUBJECT TO THE PLAN

4.1.    Authorized Number of Shares

Subject to adjustment under Section 15, the aggregate number of shares of Common Stock that may be initially issued pursuant to the Plan is 63,275,000 shares.  In addition, Shares of Common Stock underlying any outstanding stock option or other award granted under either of the Predecessor Plans that is canceled, terminates, expires, or lapses for any reason without issuance of such shares shall be available for the grant of new Awards under this Plan.  No new awards shall be granted under the Predecessor Plans following the Effective Date.  Shares issued under the Plan may consist in whole or in part of authorized but unissued shares, treasury shares, or shares purchased on the open market or otherwise, all as determined by the Company from time to time.
4.2    Share Counting

If any Award is canceled, terminates, expires, or lapses for any reason, any shares of Common Stock subject to such Award shall not count against the aggregate number of Shares available for grants under the Plan set forth in Section 4.1 above.  In addition, the following items shall not count against the aggregate number of shares of Common Stock available for grants under the Plan set forth in Section 4.1 above: (i) the payment in cash of dividends or dividend equivalents under any outstanding Award; (ii) any Award that is settled in cash rather than by issuance of Shares; or (iii) Substitute Awards.  The full number of shares of Common Stock with respect to which an Option or SAR is granted shall count against the aggregate number of shares available for grant under the Plan.  Accordingly, if in accordance with the terms of the Plan, a Participant pays the Option Price for an Option by either tendering previously owned shares or having the Company withhold shares, then such shares surrendered to pay the Option Price shall continue to count against the aggregate number of shares available for grant under the Plan set forth in Section 4.1 above.  In addition, if in accordance with the terms of the Plan, a Participant satisfies any tax withholding requirement with respect to any 

taxable event arising as a result of this Plan by either tendering previously owned shares or having the Company withhold shares, then such shares surrendered to satisfy such tax withholding requirements shall continue to count against the aggregate number of shares available for grant under the Plan set forth in Section 4.1 above.
4.3    Award Limits

4.3.1    Incentive Stock Options.

Subject to adjustment under Section 15, all 63,275,000 of such shares of Common Stock available for issuance under the Plan shall be available for issuance under Incentive Stock Options.
4.3.2    Individual Award Limits for Section 162(m) - Share-Based Awards.

Subject to adjustment under Section 15, the maximum number of each type of Award (other than cash-based Performance Awards) intended to constitute “performance-based compensation” under Code Section 162(m) granted to any Grantee in any calendar shall not exceed the following: (i) Options and SARs: 5,000,000 shares; and (ii) all share-based Performance Awards (including Restricted Stock, Restricted Stock Units and Other Stock-based Awards that are Performance Awards): 2,000,000 shares.
4.3.3    Individual Award Limits for Section 162(m) - Cash-Based Awards.

The maximum amount of cash-based Performance Awards intended to constitute “performance-based compensation” under Code Section 162(m) granted to any Grantee in any calendar year shall not exceed the following: (i) Annual Incentive Award: $10,000,000; and (ii) all other cash-based Performance Awards: $10,000,000.
4.3.4    Limits on Awards to Non-Employee Directors.

No more than $400,000 may be granted in equity-based Awards under the Plan during any one year to a Grantee who is a non-employee member of the Board (based on the Fair Market Value of the shares of Common Stock underlying the Award as of the applicable Grant Date in the case of Restricted Stock, Restricted Stock Units or Other Stock-based Awards, and based on the applicable grant date fair value for accounting purposes in the case of Options or SARs).
5.    EFFECTIVE DATE, DURATION AND AMENDMENTS

5.1.    Term.

The Plan shall be effective as of the Effective Date, provided that it has been approved by the Company's stockholders.  The Plan shall terminate automatically on the ten (10) year anniversary of the Effective Date and may be terminated on any earlier date as provided in Section 5.2.

5.2    Amendment and Termination of the Plan.
The Board may, at any time and from time to time, amend, suspend, or terminate the Plan as to any Awards which have not been made. An amendment shall be contingent on approval of the Company's stockholders to the extent stated by the Board, required by applicable law or required by applicable stock exchange listing requirements.  Notwithstanding the foregoing, any amendment to Section 3.2 shall be contingent upon the approval of the Company's stockholders.  No Awards shall be made after the 

Termination Date. The applicable terms of the Plan, and any terms and conditions applicable to Awards granted prior to the Termination Date shall survive the termination of the Plan and continue to apply to such Awards.  No amendment, suspension, or termination of the Plan shall, without the consent of the Grantee, materially impair rights or obligations under any Award theretofore awarded.
6.    AWARD ELIGIBILITY AND LIMITATIONS

6.1.    Service Providers.

Subject to this Section, Awards may be made to any Service Provider, including any Service Provider who is an officer, non-employee member of the Board, consultant or advisor of the Company or of any Affiliate, as the Board shall determine and designate from time to time in its discretion.
6.2.    Successive Awards.

An eligible person may receive more than one Award, subject to such restrictions as are provided herein.
6.3.    Stand-Alone, Additional, Tandem, and Substitute Awards.

Awards may, in the discretion of the Board, be granted either alone or in addition to, in tandem with, or in substitution or exchange for, any other Award or any award granted under another plan of the Company, any Affiliate, or any business entity to be acquired by the Company or an Affiliate, or any other right of a Grantee to receive payment from the Company or any Affiliate. Such additional, tandem, and substitute or exchange Awards may be granted at any time. If an Award is granted in substitution or exchange for another Award, the Board shall have the right to require the surrender of such other Award in consideration for the grant of the new Award. Subject to Section 3.2, the Board shall have the right, in its discretion, to make Awards in substitution or exchange for any other award under another plan of the Company, any Affiliate, or any business entity to be acquired by the Company or an Affiliate. In addition, Awards may be granted in lieu of cash compensation, including in lieu of cash amounts payable under other plans of the Company or any Affiliate, in which the value of Stock subject to the Award is equivalent in value to the cash compensation (for example, Restricted Stock Units or Restricted Stock).

7.    AWARD AGREEMENT

Each Award shall be evidenced by an Award Agreement, in such form or forms as the Board shall from time to time determine.  Without limiting the foregoing, an Award Agreement may be provided in the form of a notice which provides that acceptance of the Award constitutes acceptance of all terms of the Plan and the notice.  Award Agreements granted from time to time or at the same time need not contain similar provisions but shall be consistent with the terms of the Plan.  Each Award Agreement evidencing an Award of Options shall specify whether such Options are intended to be Non-qualified Stock Options or Incentive Stock Options, and in the absence of such specification such options shall be deemed Non-qualified Stock Options.
8.    TERMS AND CONDITIONS OF OPTIONS

8.1.    Option Price.

The Option Price of each Option shall be fixed by the Board and stated in the related Award Agreement. The Option Price of each Option (except those that constitute Substitute Awards) shall be at least the Fair Market Value on the Grant Date of a share of Stock; provided, however, that in the event that a Grantee is a Ten Percent Stockholder as of the Grant Date, the Option Price of an Option granted to such Grantee that is intended to be an Incentive Stock Option shall be not less than 110 percent of the Fair Market Value of a share of Stock on the Grant Date.  In no case shall the Option Price of any Option be less than the par value of a share of Stock.
8.2.    Vesting.

Subject to Section 8.3 hereof, each Option shall become exercisable at such times and under such conditions (including, without limitation, performance requirements) as shall be determined by the Board and stated in the Award Agreement.
8.3.    Term.

Each Option shall terminate, and all rights to purchase shares of Stock thereunder shall cease, upon the expiration of ten (10) years from the Grant Date, or under such circumstances and on such date prior thereto as is set forth in the Plan or as may be fixed by the Board and stated in the related Award Agreement; provided, however, that in the event that the Grantee is a Ten Percent Stockholder, an Option granted to such Grantee that is intended to be an Incentive Stock Option at the Grant Date shall not be exercisable after the expiration of five (5) years from its Grant Date.
8.4.    Limitations on Exercise of Option.

Notwithstanding any other provision of the Plan, in no event may any Option be exercised, in whole or in part, (i) prior to the date the Plan is approved by the stockholders of the Company as provided herein or (ii) after the occurrence of an event which results in termination of the Option.

8.5.    Method of Exercise.

An Option that is exercisable may be exercised by the Grantee's delivery of a notice of exercise to the Company, setting forth the number of shares of Stock with respect to which the Option is to be exercised, accompanied by full payment for the shares.  To be effective, notice of exercise must be made in accordance with procedures established by the Company from time to time.
8.6.    Rights of Holders of Options.

Unless otherwise stated in the related Award Agreement, an individual holding or exercising an Option shall have none of the rights of a stockholder (for example, the right to receive cash or dividend payments or distributions attributable to the subject shares of Stock or to direct the voting of the subject shares of Stock) until the shares of Stock covered thereby are fully paid and issued to him. Except as provided in Section 15 hereof or the related Award Agreement, no adjustment shall be made for dividends, distributions or other rights for which the record date is prior to the date of such issuance.
8.7.    Delivery of Stock Certificates.

Promptly after the exercise of an Option by a Grantee and the payment in full of the Option Price, such Grantee shall be entitled to the issuance of a stock certificate or certificates evidencing his or her ownership of the shares of Stock subject to the Option.
8.3.    Limitations on Incentive Stock Options.

An Option shall constitute an Incentive Stock Option only (i) if the Grantee of such Option is an employee of the Company or any Subsidiary of the Company; (ii) to the extent specifically provided in the related Award Agreement; and (iii) to the extent that the aggregate Fair Market Value (determined at the time the Option is granted) of the shares of Stock with respect to which all Incentive Stock Options held by such Grantee become exercisable for the first time during any calendar year (under the Plan and all other plans of the Grantee's employer and its Affiliates) does not exceed $100,000. This limitation shall be applied by taking Options into account in the order in which they were granted.
9.    TERMS AND CONDITIONS OF STOCK APPRECIATION RIGHTS

9.1.    Right to Payment.

A SAR shall confer on the Grantee a right to receive, upon exercise thereof, the excess of (i) the Fair Market Value of one share of Stock on the date of exercise over (ii) the SAR Exercise Price, as determined by the Board. The Award Agreement for an SAR shall specify the SAR Exercise Price, which shall be fixed on the Grant Date as not less than the Fair Market Value of a share of Stock on that date.  SARs may be granted alone or in conjunction with all or part of an Option or at any subsequent time during the term of such Option or in conjunction with all or part of any other Award. A SAR granted in tandem with an outstanding Option following the Grant Date of such Option shall have a grant price that is equal to the Option Price; provided, 

however, that the SAR's grant price may not be less than the Fair Market Value of a share of Stock on the Grant Date of the SAR to the extent required by Section 409A.
9.2.    Other Terms.

The Board shall determine at the Grant Date or thereafter, the time or times at which and the circumstances under which a SAR may be exercised in whole or in part (including based on achievement of performance goals and/or future service requirements), the time or times at which SARs shall cease to be or become exercisable following Separation from Service or upon other conditions, the method of exercise, whether or not a SAR shall be in tandem or in combination with any other Award, and any other terms and conditions of any SAR.
9.3.    Term of SARs.

The term of a SAR granted under the Plan shall be determined by the Board, in its sole discretion; provided, however, that such term shall not exceed ten (10) years.
9.4.    Payment of SAR Amount.

Upon exercise of a SAR, a Grantee shall be entitled to receive payment from the Company (in cash or Stock, as determined by the Board) in an amount determined by multiplying:
		
	(i)  
	the difference between the Fair Market Value of a share of Stock on the date of exercise over the SAR Exercise Price; by

		
	(ii)  
	the number of shares of Stock with respect to which the SAR is exercised.

10.    TERMS AND CONDITIONS OF RESTRICTED STOCK AND RESTRICTED STOCK UNITS

10.1.    Restrictions.

At the time of grant, the Board may, in its sole discretion, establish a period of time (a “restricted period”) and any additional restrictions including the satisfaction of corporate or individual performance objectives applicable to an Award of Restricted Stock or Restricted Stock Units in accordance with Section 12.1 and 12.2. Each Award of Restricted Stock or Restricted Stock Units may be subject to a different restricted period and additional restrictions. Neither Restricted Stock nor Restricted Stock Units may be sold, transferred, assigned, pledged or otherwise encumbered or disposed of during the restricted period or prior to the satisfaction of any other applicable restrictions.
10.2.    Restricted Stock Certificates.

The Company shall issue stock, in the name of each Grantee to whom Restricted Stock has been granted, stock certificates or other evidence of ownership representing the total number of shares of Restricted Stock granted to the Grantee, as soon as reasonably practicable after the Grant Date. The Board may provide in an Award Agreement that either (i) the Secretary of the 

Company shall hold such certificates for the Grantee's benefit until such time as the Restricted Stock is forfeited to the Company or the restrictions lapse, or (ii) such certificates shall be delivered to the Grantee; provided, however, that such certificates shall bear a legend or legends that comply with the applicable securities laws and regulations and make appropriate reference to the restrictions imposed under the Plan and the Award Agreement.
10.3.    Rights of Holders of Restricted Stock.

Unless the Board otherwise provides in an Award Agreement, holders of Restricted Stock shall have rights as stockholders of the Company, including voting and dividend rights.
10.4.    Rights of Holders of Restricted Stock Units.

10.4.1.    Settlement of Restricted Stock Units.

Restricted Stock Units may be settled in cash or Stock, as determined by the Board and set forth in the Award Agreement. The Award Agreement shall also set forth whether the Restricted Stock Units shall be settled (i) within the time period specified for “short term deferrals” under Section 409A or (ii) otherwise within the requirements of Section 409A, in which case the Award Agreement shall specify upon which events such Restricted Stock Units shall be settled.
10.4.2.    Voting and Dividend Rights.

Unless otherwise stated in the applicable Award Agreement, holders of Restricted Stock Units shall not have rights as stockholders of the Company, including no voting or dividend or dividend equivalents rights.
10.4.3.    Creditor's Rights.

A holder of Restricted Stock Units shall have no rights other than those of a general creditor of the Company. Restricted Stock Units represent an unfunded and unsecured obligation of the Company, subject to the terms and conditions of the applicable Award Agreement.
10.5.    Purchase of Restricted Stock.

The Grantee shall be required, to the extent required by applicable law, to purchase the Restricted Stock from the Company at a Purchase Price equal to the greater of (i) the aggregate par value of the shares of Stock represented by such Restricted Stock or (ii) the Purchase Price, if any, specified in the related Award Agreement. If specified in the Award Agreement, the Purchase Price may be deemed paid by Services already rendered. The Purchase Price shall be payable in a form described in Section 11 or, in the discretion of the Board, in consideration for past Services rendered.
10.6.    Delivery of Stock.

Upon the expiration or termination of any restricted period and the satisfaction of any other conditions prescribed by the Board, the restrictions applicable to shares of Restricted Stock 

or Restricted Stock Units settled in Stock shall lapse, and, unless otherwise provided in the Award Agreement, a stock certificate for such shares shall be delivered, free of all such restrictions, to the Grantee or the Grantee's beneficiary or estate, as the case may be.
11.    FORM OF PAYMENT FOR OPTIONS AND RESTRICTED STOCK
11.1.    General Rule.

Payment of the Option Price for the shares purchased pursuant to the exercise of an Option or the Purchase Price for Restricted Stock shall be made in cash or in cash equivalents acceptable to the Company, except as provided in this Section 11.
11.2.    Surrender of Stock.

To the extent the Award Agreement so provides, payment of the Option Price for shares purchased pursuant to the exercise of an Option or the Purchase Price for Restricted Stock may be made all or in part through the tender to the Company of shares of Stock, which shares shall be valued, for purposes of determining the extent to which the Option Price or Purchase Price for Restricted Stock has been paid thereby, at their Fair Market Value on the date of exercise or surrender.  Notwithstanding the foregoing, in the case of an Incentive Stock Option, the right to make payment in the form of already owned shares of Stock may be authorized only at the time of grant.
11.3.    Cashless Exercise.

With respect to an Option only (and not with respect to Restricted Stock), to the extent permitted by law and to the extent the Award Agreement so provides, payment of the Option Price may be made all or in part by delivery (on a form acceptable to the Company) of an irrevocable direction to a licensed securities broker acceptable to the Company to sell shares of Stock and to deliver all or part of the sales proceeds to the Company in payment of the Option Price and any withholding taxes described in Section 17.3.
11.4.    Other Forms of Payment.

To the extent the Award Agreement so provides, payment of the Option Price or the Purchase Price for Restricted Stock may be made in any other form that is consistent with applicable laws, regulations and rules, including, but not limited to, the Company's withholding of shares of Stock otherwise due to the exercising Grantee.
12.    TERMS AND CONDITIONS OF PERFORMANCE AWARDS

12.1.    Performance Conditions.

The right of a Grantee to exercise or receive a grant or settlement of any Award, and the timing thereof, may be subject to such performance conditions as may be specified by the Committee. The Committee may use such business criteria and other measures of performance as it may deem appropriate in establishing any performance conditions.

12.2.    Performance Awards Granted to Designated Covered Employees.

If and to the extent that the Committee determines that a Performance Award to be granted to a Grantee who is designated by the Committee as having the potential to be a Covered Employee should qualify as “performance-based compensation” for purposes of Code Section 162(m), the grant, exercise and/or settlement of such Performance Award shall be contingent upon achievement of pre-established performance goals and other terms set forth in this Section 12.2. Notwithstanding anything herein to the contrary, the Committee in its discretion may provide for Performance Awards to Covered Employees that are not intended qualify as “performance-based compensation” for purposes of Code Section 162(m).
12.2.1.    Performance Goals Generally.

The performance goals for such Performance Awards shall consist of one or more business criteria and a targeted level or levels of performance with respect to each of such criteria, as specified by the Committee consistent with this Section 12.2.  Performance goals shall be objective and shall otherwise meet the requirements of Code Section 162(m) and regulations thereunder including the requirement that the level or levels of performance targeted by the Committee result in the achievement of performance goals being “substantially uncertain.” The Committee may determine that such Performance Awards shall be granted, exercised and/or settled upon achievement of any one performance goal or that two or more of the performance goals must be achieved as a condition to grant, exercise and/or settlement of such Performance Awards.  Performance goals may, in the discretion of the Committee, be established on a Company-wide basis, or with respect to one or more business units, divisions, subsidiaries or business segments, as applicable.  Performance goals may be absolute or relative (to the performance of one or more comparable companies or indices).  To the extent consistent with the requirements of Code Section 162(m), the Committee may determine prospectively at the time that goals under this Section 12 are established,  the extent to which measurement of performance goals may exclude the impact of charges for restructuring, discontinued operations, extraordinary items, and other unusual non-recurring items, and the cumulative effects of tax or accounting changes (each as defined by generally accepted accounting principles and as identified in the Company's financial statements or other SEC filings).  Performance goals may differ for Performance Awards granted to any one Grantee or to different Grantees.
12.2.2.    Business Criteria.

One or more of the following business criteria for the Company, on a consolidated basis, and/or specified subsidiaries or business units of the Company (except with respect to the total stockholder return and earnings per share criteria), shall be used exclusively by the Committee in establishing performance goals for such Performance Awards: (i) cash flow; (ii) earnings per share, as adjusted for any stock split, stock dividend or other recapitalization; (iii) earnings measures; (iv) return on equity; (v) total shareholder return; (vi) share price performance, as adjusted for any stock split, stock dividend or other recapitalization; (vii) return on capital; (viii) revenue; (ix) income; (x) profit margin; (xi) return on operating revenue; (xii) brand recognition/acceptance; (xiii) customer satisfaction; (xiv) productivity; (xv) expense targets; (xvi) market share; (xvii) cost control measures; (xviii) balance sheet metrics; (xix) strategic initiatives; (xx) implementation, completion or attainment of measurable objectives with respect

to recruitment or retention of personnel or employee satisfaction; (xxi) churn or other metrics related to subscriptions/subscribers, or (xxii) and any other business criteria established by the Committee; provided, however, that such business criteria shall include any derivations of business criteria listed above (e.g., income shall include pre-tax income, net income, operating income, etc.).
12.2.3.    Timing for Establishing Performance Goals.

Performance goals shall be established not later than 90 days after the beginning of any performance period applicable to such Performance Awards, or at such other date as may be required or permitted for “performance-based compensation” under Code Section 162(m).
12.2.4.    Settlement of Performance Awards; Other Terms.

Settlement of Performance Awards shall be in cash, Stock, other Awards or other property, in the discretion of the Committee. The Committee may, in its discretion, reduce the amount of a settlement otherwise to be made in connection with such Performance Awards.
12.3.    Written Determinations.

All determinations by the Committee as to the establishment of performance goals, the amount of any Performance Award pool or potential individual Performance Awards and as to the achievement of performance goals relating to Performance Awards, shall be made in writing in the case of any Award intended to qualify under Code Section 162(m) to the extent required by Code Section 162(m). To the extent permitted by Code Section 162(m), the Committee may delegate any responsibility relating to such Performance Awards.
12.4.    Status of Section 12.2 Awards under Code Section 162(m).
It is the intent of the Company that Performance Awards under Section 12.2 hereof granted to persons who are designated by the Committee as having the potential to be Covered Employees within the meaning of Code Section 162(m) and regulations thereunder shall, if so designated by the Committee, constitute “qualified performance-based compensation” within the meaning of Code Section 162(m) and regulations thereunder. Accordingly, the terms of Section 12.2, including the definitions of Covered Employee and other terms used therein, shall be interpreted in a manner consistent with Code Section 162(m) and regulations thereunder. The foregoing notwithstanding, because the Committee cannot determine with certainty whether a given Grantee will be a Covered Employee with respect to a fiscal year that has not yet been completed, the term Covered Employee as used herein shall mean only a person designated by the Committee, at the time of grant of Performance Awards, as having the potential to be a Covered Employee with respect to that fiscal year or any subsequent fiscal year. If any provision of the Plan or any agreement relating to such Performance Awards does not comply or is inconsistent with the requirements of Code Section 162(m) or regulations thereunder, such provision shall be construed or deemed amended to the extent necessary to conform to such requirements.

13.    OTHER STOCK-BASED AWARDS

13.1.    Grant of Other Stock-based Awards.

Other Stock-based Awards may be granted either alone or in addition to or in conjunction with other Awards under the Plan.  Other Stock-based Awards may be granted in lieu of other cash or other compensation to which a Service Provider is entitled from the Company or may be used in the settlement of amounts payable in shares of Common Stock under any other compensation plan or arrangement of the Company.  Subject to the provisions of the Plan, the Committee shall have the sole and complete authority to determine the persons to whom and the time or times at which such Awards shall be made, the number of shares of Common Stock to be granted pursuant to such Awards, and all other conditions of such Awards.  Unless the Committee determines otherwise, any such Award shall be confirmed by an Award Agreement, which shall contain such provisions as the Committee determines to be necessary or appropriate to carry out the intent of this Plan with respect to such Award.
13.2.    Terms of Other Stock-based Awards.

Any Common Stock subject to Awards made under this Section 13 may not be sold, assigned, transferred, pledged or otherwise encumbered prior to the date on which the shares are issued, or, if later, the date on which any applicable restriction, performance or deferral period lapses.
14.    REQUIREMENTS OF LAW
14.1.    General.

The Company shall not be required to sell or issue any shares of Stock under any Award if the sale or issuance of such shares would constitute a violation by the Grantee, any other individual exercising an Option, or the Company of any provision of any law or regulation of any governmental authority, including without limitation any federal or state securities laws or regulations. If at any time the Company shall determine, in its discretion, that the listing, registration or qualification of any shares subject to an Award upon any securities exchange or under any governmental regulatory body is necessary or desirable as a condition of, or in connection with, the issuance or purchase of shares hereunder, no shares of Stock may be issued or sold to the Grantee or any other individual exercising an Option pursuant to such Award unless such listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the Company, and any delay caused thereby shall in no way affect the date of termination of the Award. Specifically, in connection with the Securities Act, upon the exercise of any Option or the delivery of any shares of Stock underlying an Award, unless a registration statement under such Act is in effect with respect to the shares of Stock covered by such Award, the Company shall not be required to sell or issue such shares unless the Board has received evidence satisfactory to it that the Grantee or any other individual exercising an Option may acquire such shares pursuant to an exemption from registration under the Securities Act. Any determination in this connection by the Board shall be final, binding, and conclusive. The Company may, but shall in no event be obligated to, register any securities covered hereby pursuant to the Securities Act. The Company shall not be obligated to take any 

affirmative action in order to cause the exercise of an Option or the issuance of shares of Stock pursuant to the Plan to comply with any law or regulation of any governmental authority. As to any jurisdiction that expressly imposes the requirement that an Option shall not be exercisable until the shares of Stock covered by such Option are registered or are exempt from registration, the exercise of such Option (under circumstances in which the laws of such jurisdiction apply) shall be deemed conditioned upon the effectiveness of such registration or the availability of such an exemption.
14.2.    Rule 16b-3.

During any time when the Company has a class of equity security registered under Section 12 of the Exchange Act, it is the intent of the Company that Awards and the exercise of Options granted to officers and directors hereunder will qualify for the exemption provided by Rule 16b-3 under the Exchange Act. To the extent that any provision of the Plan or action by the Board or Committee does not comply with the requirements of Rule 16b-3, it shall be deemed inoperative to the extent permitted by law and deemed advisable by the Board, and shall not affect the validity of the Plan. In the event that Rule 16b-3 is revised or replaced, the Board may exercise its discretion to modify this Plan in any respect necessary to satisfy the requirements of, or to take advantage of any features of, the revised exemption or its replacement.
15.    EFFECT OF CHANGES IN CAPITALIZATION

15.1    Changes in Stock.

If (i) the number of outstanding shares of Stock is increased or decreased or the shares of Stock are changed into or exchanged for a different number or kind of shares or other securities of the Company on account of any recapitalization, reclassification, stock split, reverse split, combination of shares, exchange of shares, stock dividend or other distribution payable in capital stock, or other increase or decrease in such shares effected without receipt of consideration by the Company occurring after the Effective Date or (ii) there occurs any spin-off, split-up, extraordinary cash dividend or other distribution of assets by the Company, the number and kinds of shares for which grants of Options and Other Stock-based Awards may be made under the Plan (including the per-Grantee maximums set forth in Section 4) shall be equitably adjusted by the Company; provided that any such adjustment shall comply with Section 409A. In addition, in the event of any such increase or decease in the number of outstanding shares or other transaction described in clause (ii) above, the number and kind of shares for which Awards are outstanding and the Option Price per share of outstanding Options and SAR Exercise Price per share of outstanding SARs shall be equitably adjusted; provided that any such adjustment shall comply with Section 409A.
15.2    Effect of Certain Transactions.

Except as otherwise provided in an Award Agreement and subject to the provisions of Section 15.3, in the event of (a) the liquidation or dissolution of the Company or (b) a reorganization, merger, exchange or consolidation of the Company or involving the shares of Common Stock (a “Transaction”), the Plan and the Awards issued hereunder shall continue in effect in accordance with their respective terms, except that following a Transaction either (i) 

each outstanding Award shall be treated as provided for in the agreement entered into in connection with the Transaction or (ii) if not so provided in such agreement, each Grantee shall be entitled to receive in respect of each share of Common Stock subject to any outstanding Awards, upon exercise or payment or transfer in respect of any Award, the same number and kind of stock, securities, cash, property or other consideration that each holder of a share of Common Stock was entitled to receive in the Transaction in respect of a share of Common stock; provided, however, that, unless otherwise determined by the Committee, such stock, securities, cash, property or other consideration shall remain subject to all of the conditions, restrictions and performance criteria which were applicable to the Awards prior to such Transaction.  Without limiting the generality of the foregoing, the treatment of outstanding Options and SARs pursuant to this Section 15.2 in connection with a Transaction in which the consideration paid or distributed to the Company's stockholders is not entirely shares of common stock of the acquiring or resulting corporation may include the cancellation of outstanding Options and SARs upon consummation of the Transaction as long as, at the election of the Committee, (i) the holders of affected Options and SARs have been given a period of at least fifteen days prior to the date of the consummation of the Transaction to exercise the Options or SARs (to the extent otherwise exercisable) or (ii) the holders of the affected Options and SARs are paid (in cash or cash equivalents) in respect of each Share covered by the Option or SAR being canceled an amount equal to the excess, if any, of the per share price paid or distributed to stockholders in the transaction (the value of any non-cash consideration to be determined by the Committee in its sole discretion) over the Option Price or SAR Exercise Price, as applicable.  For avoidance of doubt, (1) the cancellation of Options and SARs pursuant to clause (ii) of the preceding sentence may be effected notwithstanding anything to the contrary contained in this Plan or any Award Agreement and (2) if the amount determined pursuant to clause (ii) of the preceding sentence is zero or less, the affected Option or SAR may be cancelled without any payment therefore.  The treatment of any Award as provided in this Section 15.2 shall be conclusively presumed to be appropriate for purposes of Section 15.1.
15.3.    Change in Control

15.3.1    Consequences of a Change in Control

For Awards granted to non-employee members of the Board, upon a Change in Control all outstanding Awards that may be exercised shall become fully exercisable, all restrictions with respect to outstanding Awards shall lapse and become vested and non-forfeitable, and any specified performance goals with respect to outstanding Awards shall be deemed to be satisfied at the greater of (A) target or (B) the actual level of performance determined as if the applicable performance period had ended as of (y) the last trading day immediately preceding the Change in Control or (z) if determined by the Compensation Committee to be necessary or appropriate based on the applicable performance goal, as of another specified date preceding the Change in Control (e.g., the Company's preceding fiscal quarter end).
For Awards granted to any other Service Providers, either of the following provisions shall apply, depending on whether, and the extent to which, Awards are assumed, converted or replaced by the resulting entity in a Change in Control:

		
	(i)
	To the extent such Awards are not assumed, converted or replaced by the resulting entity in the Change in Control, then upon the Change in Control such outstanding Awards that may be exercised shall become fully exercisable, all restrictions with respect to such outstanding Awards, other than for Performance Awards, shall lapse and become vested and non-forfeitable, and for any outstanding Performance Awards:

		
	a.
	any specified performance goals with respect to such outstanding Awards shall be deemed to be satisfied at the greater of (A) target or (B) the actual level of performance 

determined as if the applicable performance period had ended as of (y) the last trading day immediately preceding the Change in Control or (z) if determined by the Compensation Committee to be necessary or appropriate based on the applicable performance goal, as of another specified date preceding the Change in Control (e.g., the Company's preceding fiscal quarter end); and 
		
	b.
	the Award shall become vested pro rata based on the portion of the applicable performance period completed through the date of the Change in Control.

		
	(ii)
	To the extent such Awards are assumed, converted or replaced by the resulting entity in the Change in Control, then the Awards shall become fully exercisable, all restrictions with respect to such outstanding Awards shall lapse and become vested and non-forfeitable, and any specified performance goals with respect to such outstanding Awards shall be deemed to be satisfied at the greater of (A) target or (B) the actual level of performance determined as if the applicable performance period had ended as of (y) the last trading day immediately preceding the Change in Control or (z) if determined by the Compensation Committee to be necessary or appropriate based on the applicable performance goal, as of another specified date preceding the Change in Control (e.g., the Company's preceding fiscal quarter end), if, within one year after the date of the Change in Control, the Service Provider has a Separation from Service either (1) by the Company other than for “cause” or (2) by the Service Provider for “good reason” (each as defined in the applicable Award Agreement).

15.3.2.    Change in Control Defined

“Change in Control” means:
		
	(i)
	Any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) (a “Person”), other than Deutsche Telekom, AG (“DT”) and its Affiliates, becomes the beneficial owner (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 30% or more of either (A) the then-outstanding shares of common stock of the Company (the “Outstanding Company Common Stock”) or (B) the combined voting power of the then-outstanding voting securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that, for purposes of this Section, the following acquisitions shall not constitute a Change of Control:  (i) any acquisition directly from the Company, (ii) any acquisition by the Company, (iii) any acquisition by any employee benefit plan (or related trust) sponsored or

 

maintained by the Company or any Affiliate, or (iv) any acquisition pursuant to a transaction that complies with clauses (A), (B) or (C) in paragraph (3) of this definition; or
		
	(ii)
	Individuals who, as of the Effective Date hereof, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the Effective Date whose election, or nomination for election by the Company's stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual was a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; or

		
	(iii)
	Consummation of a reorganization, merger, statutory share exchange or consolidation or similar transaction involving the Company or any of its subsidiaries, a sale or other disposition of all or substantially all of the assets of the Company, or the acquisition of assets or stock of another entity by the Company or any of its subsidiaries (each, a “Business Combination”), in each case unless, following such Business Combination, (A) all or substantially all of the individuals and entities that were the beneficial owners of the Outstanding Company Common Stock and the Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of the then-outstanding shares of common stock (or, for a non-corporate entity, equivalent securities) and the combined voting power of the then-outstanding voting securities entitled to vote generally in the election of directors (or, for a non-corporate entity, equivalent governing body), as the case may be, of the entity resulting from such Business Combination (including, without limitation, an entity that, as a result of such transaction, owns the Company or all or substantially all of the Company's assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership immediately prior to such Business Combination of the Outstanding Company Common Stock and the Outstanding Company Voting Securities, as the case may be, (B) no Person (excluding any corporation resulting from such Business Combination or any employee benefit plan (or related trust) of the Company or such corporation resulting from such Business Combination) beneficially owns, directly or indirectly, 30% or more of, respectively, the then-outstanding shares of common stock of the corporation resulting from such Business Combination or the combined voting power of the then-outstanding voting securities of such corporation, except to the extent that such ownership existed prior to the Business Combination, and (C) at least a majority of the members of the board of directors (or, for a non-corporate entity, equivalent governing body) of the entity resulting from such Business Combination were members of the Incumbent Board at the time of the execution of the initial 

agreement or of the action of the Board providing for such Business Combination; or
		
	(iv)
	Approval by the stockholders of the Company of a complete liquidation or dissolution of the Company.

Notwithstanding the foregoing, if it is determined that an Award hereunder is subject to the requirements of Section 409A and the Change in Control is a “payment event” under Section 409A for such Award, the Company will not be deemed to have undergone a Change in Control unless the Company is deemed to have undergone a “change in control event” pursuant to the definition of such term in Section 409A.
In addition, notwithstanding any provision herein to the contrary, in no event shall a Change in Control be deemed to have occurred so long as DT holds Governing Rights.  For purposes hereof, “Governing Rights” means DT's rights with respect to the governance of the Company that are substantially similar to or greater than the rights that DT possesses while it holds a “Voting Percentage” of at least 30% under the Stockholders' Agreement between DT and MetroPCS Communications, Inc. dated April 30, 2013, as in effect as of the Effective Date.
15.4.    Adjustments

Adjustments under this Section 15 related to shares of Stock or securities of the Company shall be made by the Board, whose determination in that respect shall be final, binding and conclusive. No fractional shares or other securities shall be issued pursuant to any such adjustment, and any fractions resulting from any such adjustment shall be eliminated in each case by rounding downward to the nearest whole share.
16.    No Limitations on Company
The making of Awards pursuant to the Plan shall not affect or limit 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, consolidate, dissolve, or liquidate, or to sell or transfer all or any part of its business or assets.
17.    TERMS APPLICABLE GENERALLY TO AWARDS GRANTED UNDER THE PLAN

17.1.    Disclaimer of Rights.

No provision in the Plan or in any Award Agreement shall be construed to confer upon any individual the right to remain in the employ or service of the Company or any Affiliate, or to interfere in any way with any contractual or other right or authority of the Company either to increase or decrease the compensation or other payments to any individual at any time, or to terminate any employment or other relationship between any individual and the Company. In addition, notwithstanding anything contained in the Plan to the contrary, unless otherwise stated in the applicable Award Agreement, no Award granted under the Plan shall be affected by any change of duties or position of the Grantee, so long as such Grantee continues to be a Service 

Provider. The obligation of the Company to pay any benefits pursuant to this Plan shall be interpreted as a contractual obligation to pay only those amounts described herein, in the manner and under the conditions prescribed herein. The Plan shall in no way be interpreted to require the Company to transfer any amounts to a third party trustee or otherwise hold any amounts in trust or escrow for payment to any Grantee or beneficiary under the terms of the Plan.
17.2.    Nonexclusivity of the Plan.

Neither the adoption of the Plan nor the submission of the Plan to the stockholders of the Company for approval shall be construed as creating any limitations upon the right and authority of the Board to adopt such other incentive compensation arrangements (which arrangements may be applicable either generally to a class or classes of individuals or specifically to a particular individual or particular individuals), including, without limitation, the granting of stock options as the Board in its discretion determines desirable.
17.3.    Withholding Taxes.

The Company or an Affiliate, as the case may be, shall have the right to deduct from payments of any kind otherwise due to a Grantee any federal, state, or local taxes of any kind required by law to be withheld (i) with respect to the vesting of or other lapse of restrictions applicable to an Award, (ii) upon the issuance of any shares of Stock upon the exercise of an Option or SAR, or (iii) otherwise due in connection with an Award.  At the time of such vesting, lapse, or exercise, the Grantee shall pay to the Company or the Affiliate, as the case may be, any amount that the Company or the Affiliate may reasonably determine to be necessary to satisfy such withholding obligation. Subject to the prior approval of the Company or the Affiliate, which may be withheld by the Company or the Affiliate, as the case may be, in its sole discretion, the Grantee may elect to satisfy such obligations, in whole or in part, (i) by causing the Company or the Affiliate to withhold the minimum required number of shares of Stock otherwise issuable to the Grantee as may be necessary to satisfy such withholding obligation or (ii) by delivering to the Company or the Affiliate shares of Stock already owned by the Grantee. The shares of Stock so delivered or withheld shall have an aggregate Fair Market Value equal to such withholding obligations. The Fair Market Value of the shares of Stock used to satisfy such withholding obligation shall be determined by the Company or the Affiliate as of the date that the amount of tax to be withheld is to be determined. A Grantee who has made an election pursuant to this Section 17.3 may satisfy his or her withholding obligation only with shares of Stock that are not subject to any repurchase, forfeiture, unfulfilled vesting, or other similar requirements.
17.4.    Captions.

The use of captions in this Plan or any Award Agreement is for the convenience of reference only and shall not affect the meaning of any provision of the Plan or any Award Agreement.
17.5.    Other Provisions.

Each Award Agreement may contain such other terms and conditions not inconsistent with the Plan as may be determined by the Board, in its sole discretion.  In the event of any 

conflict between the terms of an employment agreement and the Plan, the terms of the employment agreement govern.
17.6.    Number and Gender.

With respect to words used in this Plan, the singular form shall include the plural form, the masculine gender shall include the feminine gender, etc., as the context requires.
17.7.    Severability.

If any provision of the Plan or any Award Agreement shall be determined to be illegal or unenforceable by any court of law in any jurisdiction, the remaining provisions hereof and thereof shall be severable and enforceable in accordance with their terms, and all provisions shall remain enforceable in any other jurisdiction.
17.8.    Governing Law.

The Plan shall be governed by and construed in accordance with the laws of the State of Delaware without giving effect to the principles of conflicts of law, and applicable Federal law.
17.9.    Section 409A.

The Plan is intended to comply with Section 409A to the extent subject thereto, and, accordingly, to the maximum extent permitted, the Plan shall be interpreted and administered to be in compliance therewith. Any payments described in the Plan that are due within the “short-term deferral period” as defined in Section 409A shall not be treated as deferred compensation unless applicable laws require otherwise. Notwithstanding anything to the contrary in the Plan, to the extent required to avoid accelerated taxation and tax penalties under Section 409A, amounts that would otherwise be payable and benefits that would otherwise be provided pursuant to the Plan during the six (6) month period immediately following the Grantee's Separation from Service shall instead be paid on the first payroll date after the six-month anniversary of the Grantee's Separation from Service (or the Grantee's death, if earlier). Notwithstanding the foregoing, neither the Company nor the Committee shall have any obligation to take any action to prevent the assessment of any excise tax or penalty on any Grantee under Section 409A and neither the Company nor the Committee will have any liability to any Grantee for such tax or penalty.
17.10.    Separation from Service.

The Board shall determine the effect of a Separation from Service upon Awards, and such effect shall be set forth in the appropriate Award Agreement.  Without limiting the foregoing, the Board may provide in the Award Agreements at the time of grant, or any time thereafter with the consent of the Grantee, the actions that will be taken upon the occurrence of a Separation from Service, including, but not limited to, accelerated vesting or termination, depending upon the circumstances surrounding the Separation from Service.

17.11.    Transferability of Awards.

17.11.1    Transfers in General.

Except as provided in Section 17.11.2, no Award shall be assignable or transferable by the Grantee to whom it is granted, other than by will or the laws of descent and distribution, and, during the lifetime of the Grantee, only the Grantee personally (or the Grantee's personal representative) may exercise rights under the Plan.
17.11.2.    Family Transfers.

If authorized in the applicable Award Agreement, a Grantee may transfer, not for value, all or part of an Award (other than Incentive Stock Options) to any Family Member. For the purpose of this Section 17.11.2, a “not for value” transfer is a transfer which is (i) a gift, (ii) a transfer under a domestic relations order in settlement of marital property rights; or (iii) a transfer to an entity in which more than fifty percent of the voting interests are owned by Family Members (or the Grantee) in exchange for an interest in that entity. Following a transfer under this Section 17.11.2, any such Award shall continue to be subject to the same terms and conditions as were applicable immediately prior to transfer. Subsequent transfers of transferred Awards are prohibited except to Family Members of the original Grantee in accordance with this Section 17.11.2 or by will or the laws of descent and distribution.
17.12.    Dividends and Dividend Equivalent Rights.

If specified in the Award Agreement, the recipient of an Award under this Plan may be entitled to receive, currently or on a deferred basis, dividends or dividend equivalents with respect to the Common Stock or other securities covered by an Award.  The terms and conditions of a dividend equivalent right may be set forth in the Award Agreement.  Dividend equivalents credited to a Grantee may be paid currently or may be deemed to be reinvested in additional shares of Stock or other securities of the Company at a price per unit equal to the Fair Market Value of a share of Stock on the date that such dividend was paid to shareholders, as determined in the sole discretion of the Committee.  Notwithstanding the foregoing, in no event will dividends or dividend equivalents on any Performance Award be payable before the Performance Award has become earned and payable.
The Plan was adopted by the Board of Directors on May 1, 2013 and was approved by the stockholders of the Company on June 4, 2013.  The Plan was amended and restated by the Board of Directors on August 7, 2013.TMUS 06/30/2013 EX 10.21

EXHIBIT 10.21
T-MOBILE USA, INC.
2011 LONG-TERM INCENTIVE PLAN
ARTICLE 1
INTRODUCTION
1.1     Purpose.  The purpose of this T-Mobile USA, Inc. (the “Company”) 2011 Long-Term Incentive Plan (the “Plan”) is to promote the success of the Company by:
		
	(a)
	Driving the maximum performance and value of the U.S. business;

		
	(b)
	Attracting, motivating and retaining superior executive and other talent; and

		
	(c)
	Providing rewards for achieving specified performance measures and for achieving an increased value of the Company.

1.2     ERISA Status.  The Plan is an incentive payment program that generally pays cash to Participants while they are still employed with the Company.  The Plan is neither a welfare plan nor a pension plan and thus is not governed by the Employee Retirement Income Security Act of 1974, as amended (ERISA).  
ARTICLE 2 
DEFINITIONS
For purposes of the Plan, the following definitions shall apply:
2.1    Affiliate means any entity currently existing or subsequently organized or formed that directly or indirectly controls, is controlled by or is under common control with a named organization, or any entity in which the named organization holds a controlling interest, whether through the ownership of voting securities, member interests, by contract or otherwise.  For this purpose, “control” shall be deemed to exist when more than 50% of the voting power for the election of the directors (or similar governing body) of the entity or of the capital stock (or other equity interests) of the entity is owned, directly or indirectly, by another person, or other entity.
2.2    Award means the incentive opportunity granted to a Participant for a Performance Period, under the terms of the Plan, the relevant Statement of Performance Measures and Performance Targets and the corresponding Notice of LTIP Award and may include a Supplemental Award.  Each Award will contain a target incentive opportunity  which will be a percentage of Total Targeted Cash.  This percentage may be different for each Participant.
2.3    Board means the Board of Directors of the Company.

1

2.4    Cause means any one or more of the following:  (a) the Participant’s gross neglect or willful material breach of the Participant’s principal employment responsibilities or duties; (b) a final judicial adjudication that the Participant is guilty of any felony (other than a law, rule or regulation relating to a traffic violation or other similar offense that has no material adverse affect on the Company or any of its Affiliates); (c) the Participant’s breach of any non-competition or confidentiality covenant between the Participant and the Company or any Affiliate of the Company; (d) fraudulent conduct as determined by a court of competent jurisdiction in the course of the Participant’s employment with the Company or any of its Affiliates; or (e) the material breach by the Participant of any other obligation which continues uncured for a period of thirty (30) days after notice thereof by the Company or any of its Affiliates.
2.5    CEO means the Chief Executive Officer of the Company (or, if there is no officer with such a title, the most senior officer of the Company).
2.6    Change in Control means the occurrence of any of the following transactions or events (whether voluntary or involuntary and whether as the result of one transaction or event or two or more related or unrelated transactions or events):
		
	(a)
	Parent and its Affiliates cease to, in the aggregate, (i) be the “beneficial owners” (as such term is used in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934, as amended, whether or not applicable) and record owners of more than 50% of both the voting power for the election of directors (or similar governing body) of the Company and the outstanding capital stock (or other equity interests) of the Company, or (ii) otherwise have the power to direct the management and policies of the Company, whether through the ownership of capital stock or voting power, by contract or otherwise, except that no Change in Control will be deemed to have occurred under this clause (ii) as a result of customary rights granted in any indenture, credit agreement or other agreement for borrowed money unless and until there has been a default under the terms of that agreement and the trustee or lender exercises the rights granted therein;

		
	(b)
	the direct or indirect sale, assignment, conveyance, transfer, lease or other disposition of all or substantially all of the Company’s assets to any individual or entity (other than Parent or Affiliates of Parent); or

		
	(c)
	the Company, directly or indirectly, consolidates with, or merges with or into, another entity (other than Parent or an Affiliate of Parent), or any entity (other than Parent or an Affiliate of Parent), directly or indirectly, consolidates with, or merges with or into, the Company, and pursuant to such transaction (or transactions) the voting power or outstanding capital stock of the Company is converted into or exchanged for cash, securities or other property (but excluding a transaction (or transactions) where Parent or Affiliates of Parent, in the aggregate, are the record and beneficial owners (as such term is defined in subsection (a) above) of more than 50% of both the voting power for the 

2

election of directors (or similar governing body) and the capital stock (or other equity interest) of the surviving or transferee entity).
2.7    Code means the Internal Revenue Code of 1986, as amended.
2.8    Committee means the compensation committee of the Board (or any other group) appointed by the Board to administer the Plan.  In the event a committee or other group is not appointed to administer the Plan, the appointment is rescinded or the committee or other group is disbanded, “Committee” shall mean the Board.
2.9    Company means T-Mobile USA, Inc. and, except where otherwise herein provided, its successors and assigns, or any other corporation or business organization that, with the consent of T-Mobile USA, Inc. or its successors or assigns, assumes the Company’s obligations hereunder.
2.10    Disability and its derivations, such as Disabled, means those or similar terms under the Company's long-term disability program.  
2.11    Effective Date means the effective date of the Plan, which shall be January 1, 2011.
2.12    Eligible Employee means with respect to any Performance Period an employee of the Company who is employed in an eligible position as approved by the Compensation Committee  on or before September 30 of the first year of the Performance Period.
2.13    Expatriate Employee means for purposes of the Plan, an employee of Parent or an Affiliate of Parent other than the Company, who becomes an employee of the Company pursuant to an assignment letter agreement between an employee and the Company which sets forth the terms of an assignment.
2.14    Good Reason means the occurrence of any of the following after a Change in Control without the Participant’s express, written consent:  
(a)    a material diminution in the Participant’s base compensation from that provided immediately prior to such Change in Control; 
(b)    a material diminution in the Participant’s authority, duties or responsibilities, relative to the Participant’s authority, duties or responsibilities as in effect immediately prior to such Change in Control; 
(c)    a material diminution in the authority, duties or responsibilities of the supervisor to whom the Participant is required to report (including a requirement that the Participant report to a corporate officer or employee instead of reporting directly to the Company's board of directors) relative to the authority, duties or responsibilities of the Participant’s supervisor as in effect immediately prior to such Change in Control;

3

(d)    a material diminution in the budget over which the Participant retains authority relative to budget over which the Participant had authority immediately prior to such Change in Control;
(e)    a  change of 50 miles or greater in the principal geographic location at which the Participant must perform services relative to the principal geographic location at which the Participant was required to perform services immediately prior to such Change in Control; 
(f)    any other action or inaction that constitutes a material breach by the Company or the successor company, as applicable, of any agreement under which the Participant provides services to the Company or the successor company, as applicable. 
2.15    MTIP means the Parent's Mid-Term Incentive Plan of 2004 or applicable successor plan.
2.16    Notice of LTIP Award means the written notification issued by the Committee or CEO (or their designees) to a Participant informing him or her of an Award granted to him or her under the Plan.  The Notice of LTIP Award describes the amount of the target Award (or the formula pursuant to which such amount shall be determined), the Performance Measures to be achieved, and any other terms and conditions to earning a payment under the Award that are additional to those described in the Plan.
2.17    Parent means Deutsche Telekom AG, an aktiengesellschaft, organized and existing under the laws of the Federal Republic of Germany.
2.18    Participant means an Eligible Employee designated as a Participant in the Plan in accordance with the provisions of Article 3.
2.19    Performance Measures means the specific performance measure or measures established by the Committee for any Performance Period (or calendar year therein), which are set forth in the Statement of Performance Measures and Performance Targets for each Performance Period. Performance Measures may consist of financial as well as nonfinancial measures tied to the Company’s business and may be weighted.    
2.20    Performance Period means a three-year period (or in the case of a Supplemental Award, a two year period), commencing on January 1 of any given calendar year and ending on December 31 of the third year thereafter (or in the case of a Supplemental Award, the second year thereafter).
2.21    Performance Targets means the levels of performance defined for each Performance Measure. Performance Targets will be set for each Performance Period. In addition, separate Performance Targets may be set for each calendar year within a Performance Period and may vary by calendar year. References to “at target” means 100% of target.  

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2.22    Plan means this T-Mobile USA, Inc. 2011 Long-Term Incentive Plan as set forth herein, together with any amendments hereto.
2.23    Statement of Performance Measures and Performance Targets means the Statement of Performance Measures and Performance Targets for each Performance Period, which will set forth the applicable Performance Measures and Performance Targets for such Performance Period.
2.24     Supplemental Award means an Award that is specifically designated as a Supplemental Award and that has a Performance Period of two years.   
2.25    Total Targeted Cash means base salary plus target annual bonus (or base salary plus target at risk opportunity for applicable sales positions), other than the incentive payable pursuant to this Plan or the Phantom Share Plan, as of the first date in the first year an employee is or becomes eligible during a Performance Period.
2.26    Vesting means earning the right to receive payments under an Award.  
(a)    Cliff Vesting is a type of vesting that occurs entirely at a specified time rather than gradually.  In the case of the Plan, Cliff Vesting applies only to Awards with three-year Performance Periods and occurs at the end of the applicable three-year Performance Period.
(b)    Tranche Vesting is a type of vesting that occurs over specified periods of time.  In the case of the Plan, Tranche Vesting occurs at the end of each performance years in the applicable Performance Period (annually). 
ARTICLE 3
PARTICIPATION
3.1    Participation.
		
	(a)
	For each Performance Period, the Committee will:

		
	(i)
	determine the applicable Performance Measures and Performance Targets and any other terms and conditions relating to the Awards to be granted for such Performance Period; and

		
	(ii)
	determine whether the CEO, any Senior Vice President (or above) of the Company who reports directly to the CEO and any other Eligible Employee the Committee chooses will be a Participant in the Plan with respect to any Performance Period and, if so, the target incentive amount for each such Participant under his or her Award for such Performance Period and any terms and conditions of the Award that are additional to those herein for such Participant.

5

		
	(b)
	For each Performance Period, the Committee may also determine the percentage of Total Targeted Cash that will be used to determine the target incentive amount under Awards to be granted for such Performance Period for a particular Participant or group of Participants (the Committee may establish different percentages for different Participants or groups of Participants).

		
	(c)
	For each Performance Period, the CEO will decide in his or her sole discretion whether an Eligible Employee (other than those as determined by the Committee in Section 3.1 (a)(ii)) will be a Participant in the Plan with respect to such Performance Period and, subject to Section 3.1(b), the target incentive opportunity provided under the Award granted to any such Participant for such Performance Period.

		
	(d)
	Notwithstanding Sections 3.1(a), (b) and (c), (i) no Award for any Performance Period shall be made to an Eligible Employee after September 30 in the first year of such Performance Period, and (ii) any Eligible Employee who becomes a Participant with respect to any Performance Period during the period of July 1 through September 30 in the first calendar year of such Performance Period shall have the target incentive opportunity under his or her Award for such Performance Period prorated at 83.33% (75.00% in the case of a Supplemental Award) of what such target incentive opportunity would have been had the employee become a Participant prior to July 1 in that year

		
	(e)
	Each Eligible Employee who is designated as a Participant in the Plan for an applicable Performance Period, if any, will receive a Notice of LTIP Award.  

		
	(f)
	The Committee or the CEO, as applicable, in its or his or her sole discretion, may reduce (including to zero) the amount that can be earned under an Award in the event a Participant is demoted after receiving a Notice of LTIP Award; provided, however, that no reduction shall deprive a Participant of any amounts that have been earned under an Award prior to the date of the reduction by satisfying the requirements of Article 4, the terms and conditions stated in his or her Notice of LTIP Award (prior to such reduction) and the Statement of Performance Measures and Performance Targets, and, as applicable, the requirements of Section 10.2  and all other applicable requirements.

3.2    Notice of LTIP Award.  The Committee, or CEO, as applicable, subject to Section 3.1, will decide, in his, her or its sole discretion, the terms additional to those set forth herein that will be set forth in each Notice of LTIP Award including, without limitation, any conditions to receipt of any payment under an Award with respect to any Performance Measures or Performance Targets that are in addition to those described in this Plan; provided however, the CEO may not modify any terms, including Performance Measures or Performance Targets which 

6

have been set by the Committee.  The terms of a Notice of LTIP Award may be different for each Participant in the Plan.
3.3    Participation by Expatriates. Expatriate Employees who are Eligible Employees and are Participants under Section 3.1(c) may participate in the Plan, subject to the terms of the Plan and the following additional requirements:
		
	(a)
	If an Expatriate Employee is a participant in the MTIP, then the target incentive opportunity under such employee’s Award under the Plan shall not exceed the difference between (i) the target incentive amount under a typical Award for similar positions and situations for non-Expatriate Employees under the Plan, and (ii) the target value of such employee’s MTIP grant. 

		
	(b)
	If, during any calendar year of a Performance Period an Expatriate Employee Participant is transferred from the Company to Parent or an Affiliate of Parent, then notwithstanding any provision to the contrary, the Expatriate Employee will be eligible to receive a prorated portion of any amount earned under the Award pursuant to the proration schedule below, for the calendar year of the Performance Period in which the transfer occurs, payable in accordance with Article 5, provided that the Expatriate Employee is employed by Parent or Affiliate of Parent on the date of payment of the Award and provided further that all other conditions of the Plan have been met by the Expatriate Employee.

	
		
	Last Month at Company in a calendar year of a Performance Period
	 
Proration Factor for Transfers

	January
	8.3%

	February
	16.7%

	March
	25%

	April
	33.3%

	May
	41.7%

	June
	50%

	July
	58.3%

	August
	66.7%

	September
	75%

	October
	83.3%

	November
	91.7%

	December
	100%

In the event an Expatriate Employee Participant is employed for a full calendar year of a Performance Period and is transferred to Parent or an Affiliate of Parent in the subsequent year of the Performance Period prior to the date of payment under the Award, the Award will not be forfeited under Section 4.5 and the Expatriate Employee will be eligible to receive a payment of any amount under the Award for the calendar year of the Performance Period in which such 

7

amount is earned, payable in accordance with Article 5, provided that the Expatriate Employee is employed by Parent or Affiliate of Parent on the date of payment of the Award and provided further that all other conditions of the Plan have been met by the Expatriate Employee.   

Payment of the Award shall be in accordance with all applicable legal requirements including but not limited to requirements pertaining to taxes, deductions and withholdings.   

ARTICLE 4 
EARNING AMOUNTS UNDER AWARDS 
4.1    Award Schedule.  
(a)An Award (other than the Supplemental Award) may be earned according to the following schedule:
(i)    Tranche Vesting
		
	•
	1/6 of the Award for the first calendar year of the applicable Performance Period (Tranche Vesting);

		
	•
	1/6 of the Award for the second calendar year of the applicable Performance Period (Tranche Vesting); and

		
	•
	1/6 of the Award for the third calendar year of the applicable Performance Period (Tranche Vesting).

(ii)    Cliff Vesting
		
	•
	3/6 of the Award for the applicable Performance Period in the third calendar year of the applicable Performance Period (Cliff Vesting). 

(b)A Supplemental Award may be earned according to the following schedule:
		
	•
	1/3 of the Supplemental Award for the first calendar year of the applicable Performance Period (Tranche Vesting); and

		
	•
	2/3 of the Supplemental Award for the second calendar year of the applicable Performance Period. (Tranche Vesting)

4.2    Conditions for Earning Awards. Amounts are not earned under an Award unless and until all conditions stated in this Plan, in the Statement of Performance Measures and Performance Targets and in the Participant’s applicable Notice of LTIP Award have been satisfied. The issuing of a Notice of LTIP Award is not a guarantee of payment and does not signify that a Participant has earned any amount under the Award covered by that Notice of LTIP Award.   Except as otherwise provided in Section 10.2, a Participant is considered to have earned an amount under the Award identified in his or her applicable Notice of LTIP Award with respect to any Performance Measures only if:

8

		
	(a)
	the Committee determines that the applicable Performance Measures are achieved, and at which Performance Target they have been achieved.  The Committee will make a determination of the achievement of each Performance Measures following the end of each calendar year during each Performance Period and will do so based on supporting documentation that it determines is appropriate.  The Committee will make its determination in writing (including a facsimile or electronic mail communication).  Such written communication may be provided by an authorized designee of the Committee;

		
	(b)
	the Participant remains continuously employed as an Eligible Employee of the Company from the date on which the Award is granted through the date on which such amount is paid to the Participant, such continued employment being considered necessary to the Company’s successful operations and the earning of an amount under the Award; 

		
	(c)
	the Participant actively provides employment services to the Company for  at least two-thirds of the number of business days during the applicable calendar year (or applicable part thereof) of the Performance Period.  A Participant on a leave of absence, other than a legally protected leave of absence, whether paid or unpaid, approved or not approved, shall not be considered to be actively providing services to the Company while on such leave or absence.  The Committee or CEO, as applicable, in its or his or her sole discretion, will determine the extent, if any, to which a Participant has been actively providing employment services to the Company during any calendar year during a Performance Period;

		
	(d)
	at all times during the Performance Period and thereafter until the date all amounts earned under the Award are paid to the Participant, or such later date as may be specified in this Plan, the Participant:

		
	 (i)
	has materially complied with all Company policies and procedures and all agreements between the Participant and the Company or any Affiliate (including, without limitation, nondisclosure, noncompetition, nonsolicitation agreements and the requirements of Sections 11.5 and 11.6);

		
	(ii)
	has not committed gross neglect or a willful material breach of his or her principal employment responsibilities or duties to the Company;

		
	(iii)
	has not been found guilty of a felony (other than a law, rule or regulation relating to a traffic violation or other similar offense that has no material adverse affect on the Company or any Affiliate) in a final judicial adjudication; and

9

		
	(iv)
	has not committed fraud in the course of the Participant’s employment with the Company, nor materially breached any other obligation to the Company or any Affiliate.

A Participant who fails to satisfy any one or more of the conditions set forth above in this Section 4.2(d) for earning amounts under the Award shall automatically have the Award identified in his or her then outstanding Notices of LTIP Award permanently cancelled without any further payments under such Award.  Furthermore, the Company will be entitled to a return of any amounts previously paid under the Award with respect to which any of the conditions were not satisfied.
(e)    the Participant is in good standing;
		
	(f) 
	the Participant has  achieved or exceeded expectations for the applicable calendar year of the Performance Period; 

		
	(g)
	the Participant has satisfied all terms and conditions stated in the Notice of LTIP Award issued to him or her; 

		
	(h)
	the Participant has successfully completed the Retail Training Program in effect for the applicable calendar year of the Performance Period; and

		
	(i)
	if requested by the Committee or CEO, the Participant has certified in writing to the Committee or CEO that he or she has satisfied each of the above conditions.

4.3     Maximum Payout Opportunity.  In any calendar year of a Performance Period covered by an Award, the Participant will have the ability to earn up to 250% of the target incentive opportunity under such Award for such calendar year based on the level of achievement of the Performance Measures set forth in the Statement of Performance Measures and Performance Targets applicable to such Award for such calendar year; provided, however, the Participant may earn an amount in excess of 150% of the target incentive opportunity for any calendar year only if each of the financial Performance Measures for the applicable calendar year are achieved at 100% or greater.
4.4    Return of Payouts. Except for a failure to meet the conditions set forth in 4.2(d), in no event will a Participant have to return to the Company in a subsequent year any amount that has been earned in a prior year under an Award.
4.5    Forfeiture.  Any portion of an Award that has not been earned at the end of the applicable Performance Period will be forfeited.  Except as otherwise provided in this Plan, if the Participant ceases to be employed by the Company at any time prior to any portion of an Award becoming earned, any portion of the Award that has not been earned as of the date of such termination of employment will be immediately, and without further action, forfeited.

10

4.6    Termination of Employment.  Except to the extent required under Section 3.3 or Section 10.2, a Participant whose employment with the Company terminates for any or no reason, including, without limitation, voluntary resignation, or termination with or without Cause, shall thereafter not be entitled to any further payments under any Award.
4.7    Termination Due to Death or Disability.  
		
	(a)
	Death.  Notwithstanding any provision to the contrary in this Plan, if a Participant's employment with the Company terminates due to his or her death, an amount equal to the amount of any payment(s) the Participant would have received pursuant to Section 5.1(a) for the calendar year in which he dies under his or her Award(s) had his employment with the Company actually continued through the date of payment shall be paid in cash to the Participant's estate within the time frame set forth in Section 5.1(a)(ii). 

(b)    Disability.  Notwithstanding any provision to the contrary in this Plan, if a Participant's employment with the Company terminates due to his or her Disability, the Participant shall be entitled to receive an amount equal to the amount of any payment(s) he would have received pursuant to Section 5.1(a) for the calendar year in which he becomes Disabled under his or her Award(s) had his employment with the Company actually continued through the date of payment.  Payment of this amount, if any, shall be made in cash to the Participant within the time frame set forth in Section 5.1(a)(ii). 

ARTICLE 5 
PAYMENTS UNDER AWARDS
5.1    Payments Under Award.  
(a)    After the end of each calendar year during an applicable Performance Period:
(i)    the Committee will determine the level of the Performance Targets achieved by the Company as of the end of such calendar year and the corresponding amount earned, if any, under the Award pursuant to the Statement of Performance Measures and Performance Targets and Article 4.
(ii)     the Company will pay to each Participant an amount equal to the amount determined under Section 5.1(a)(i) less applicable taxes and withholdings, as soon as practicable but in any  event  no later than March 15 of the calendar year immediately following the year in which the payment was earned.  Payment shall be made in cash, 

11

provided however, that the Compensation Committee may, in its sole discretion determine other forms of payment.
 (b)    Notwithstanding the foregoing, the payout under an Award for any calendar year shall not be less than 50% of the target incentive opportunity amount under such Award payable for the applicable calendar year regardless of actual performance and achievement of Targets. 
5.2    Treatment of Awards.  Amounts earned under Awards will be included in earnings for the purpose of calculating 401(k) plan benefits and for purposes of any other employee benefit plans unless specifically prohibited by the provisions of a particular plan document.
    ARTICLE 6 
UNFUNDED PLAN
6.1    Unfunded Benefits.  The amounts payable to or with respect to a Participant under this Plan for a year are to be paid strictly from the general assets of the Company.  All amounts payable under the Awards granted under this Plan are mere unfunded, unsecured liabilities of the Company.
6.2    Nontransferability.  Neither the Awards, nor any amounts that may be earned under the Awards, may be sold, pledged, assigned, hypothecated, transferred or disposed of in any manner.
    ARTICLE 7 
ADMINISTRATION
7.1    Authority of Committee.  Except as otherwise specifically provided herein, the Committee shall be solely responsible for and control the operation and administration of the Plan and shall have the power and authority, in its sole and absolute discretion, to take all action and to make all decisions and interpretations that may be necessary or appropriate in order to administer and operate the Plan, including, without limiting the generality of the foregoing, the power, duty, sole discretion, and responsibility to:
		
	(a)
	resolve and determine all disputes or questions arising under the Plan, including the power to determine the rights of the Participants and their Awards, and to remedy any ambiguities, inconsistencies, or omissions in the Plan, and generally direct the administration of the Plan.  The Committee’s reasonable determination in all matters under the Plan shall be conclusive and binding for all purposes and upon all persons;

		
	(b)
	adopt such rules of procedure and regulations as in its opinion may be necessary for the proper and efficient administration of the Plan and as are consistent with the Plan;

12

		
	(c)
	implement the Plan in accordance with its terms and the rules and regulations adopted as above;

		
	(d)
	make determinations regarding the Awards and payment(s) thereunder under the Plan; and

		
	(e)
	appoint any persons or firms, or otherwise act to secure specialized advice or assistance, as it deems necessary or desirable in connection with the administration and operation of the Plan, and the Committee shall be entitled to rely conclusively upon, and shall be fully protected in any action or omission taken by it in good faith reliance upon, the advice or opinion of such firms or persons; and

(f)    make a determination that a change in the business operations, corporate structure or capital structure of the Company, the manner in which it conducts business or other events or circumstances render the Performance Measures or  Targets unsuitable and may modify such Performance Measures or the related Performance Targets in whole or in part.       
7.2    Delegation. The Committee shall have the power and authority to delegate from time to time all or any part of its duties, powers, or responsibilities under the Plan, both ministerial and discretionary, as it deems appropriate, to any person or committee, and to revoke any such delegation of duties, powers, or responsibilities.  Any action of such person or committee in the exercise of such delegated duties, powers, or responsibilities shall have the same force and effect for all purposes hereunder as if such action had been taken by the Committee.  Further, the Committee may authorize one or more persons to issue any Notice of LTIP Award on behalf of the Company.  In such event any person notified by the Committee of such authorization shall be entitled to accept and conclusively rely upon any notice, agreement, certificate or document received from such person or committee as representing action by the Committee on behalf of the Company until such third person or committee shall have been notified of the revocation of such authority.
        
    ARTICLE 8 
AMENDMENT
8.1    Right To Amend.  The Company or Committee may amend the Plan and any Notice of LTIP Award, by written instrument from the Company or Committee, at any time and with respect to any provisions hereof or thereof, and all parties hereto or thereto or claiming any interest hereunder or thereunder shall be bound by such amendment and any such amendment may apply to Notices of LTIP Award that are outstanding when the amendment is adopted as well as to Notices of LTIP Award issued subsequent to the amendment; provided, however, that no such amendment shall deprive a Participant of any amounts that have been earned under an Award prior to the date of the amendment by satisfying the requirements of Article 4, the terms and conditions stated in his or her Notice of LTIP Award and the Statement of Performance Measures and Performance Targets, and, as applicable, the requirements of Section 10.2 and all 

13

other applicable requirements.  A Participant’s continued employment with the Company after the date of any such amendments shall constitute acceptance of the terms and conditions of any such amendments.
   ARTICLE 9 
TERMINATION
9.1    Right to Terminate Plan or Notice of LTIP Award.  The Company or Committee may terminate the Plan or any Notice of LTIP Award at any time for any or no reason.  Termination of the Plan or any Notice of LTIP Award shall not deprive a Participant of any amounts that have been earned under an Award prior to the date the Plan or Notice of LTIP Award was terminated by satisfying the requirements of Article 4, the terms and conditions stated in his or her Notice of LTIP Award and Statement of Performance Measures and Performance Targets, and, as applicable, the requirements of Section 10.2  and all other applicable requirements.
ARTICLE 10 
CHANGE IN CONTROL
10.1    Successor Obligation.  As part of any Change in Control, the successor company shall be obligated and, as a condition of closing, caused to assume the obligations under this Plan which survive termination of the Plan and to perform the obligations hereunder which assumption shall be evidenced by an agreement in writing.
10.2    Change in Control.  Notwithstanding any other provision of this Plan, upon a Change in Control, each outstanding Award shall be cancelled, the Performance Period related thereto shall be terminated and a Participant who is employed by the Company immediately prior to the Change in Control shall be treated as earning for the calendar year in which the Change in Control occurs (a) a payment at target (100%) for the Tranche Vesting portion of each Award and Supplemental Award that would have vested at the end of such year, and (b) an additional payment at target (100%) for the Cliff Vesting portion of each Award prorated by the ratio of the number of days in the Performance Period preceding the date of the Change in Control to the total number of days in the Performance Period. Payment pursuant to this Section 10.2 shall be made within 60 days following the Change in Control.  
     ARTICLE 11 
MISCELLANEOUS
11.1    Limitations on Liability. Neither the establishment of the Plan or any modification thereof, nor the payment of any Award under the Plan shall be construed as giving to any Participant or other person any legal or equitable right against the Company, its Parent or any Affiliate thereof, except as specifically provided herein or as otherwise provided by law.  In no event shall the Committee, the Board, any employee, officer, director, representative or stockholder of the Company, its Parent or of any Affiliate thereof, be liable to any person on account of any claim arising by reason of the provisions of the Plan or of any instrument or instruments implementing its provisions.

14

11.2    Tax Cap/Golden Parachute. In the event any amount payable to a Participant hereunder constitutes a “parachute payment” under Section 280G of the Code, the amount payable under the Award to such Participant shall be either (a) paid in full, or (b) paid to such lesser extent as would result in no portion of such amount being subject to the excise tax under Section 4999 of the Code, whichever of the foregoing amounts, taking into account the applicable federal, state and local income taxes and the excise tax under Section 4999 of the Code, results in the receipt by the Participant, on an after-tax basis, of the greater net value, notwithstanding that all or some portion of such payment amount may be taxable under Section 4999 of the Code.  Unless the Company and the Participant otherwise agree in writing, all determinations required to be made under this Section 11.2, including the manner and amount of any reduction in the Participant’s payments hereunder, and the assumptions to be utilized in arriving at such determinations, shall be made in writing in good faith by the accounting firm serving as the Company’s independent public accounting firm immediately prior to the event giving rise to such payment (the “Accounting Firm”).  For purposes of making the calculations required by this Section 11.2, the Accounting Firm may make reasonable assumptions and approximations concerning the application of Sections 280G and 4999 of the Code.  The Company and the Participant shall furnish to the Accounting Firm such information and documents as the Accounting Firm may reasonably request to make a determination under this Section 11.2.  The Accounting Firm shall provide its written report to the Committee and the Participant which shall include information regarding methodology.  The Company shall bear all costs the Accounting Firm may reasonably incur in connection with any calculations contemplated by this Section 11.2.
11.3    Construction. If any provision of the Plan is held to be illegal, void, or inoperative, such determination shall not affect the remaining provisions of the Plan.  Such provision shall be fully severable, and the Plan shall be construed and enforced as if said illegal, invalid or inoperative provision had never been included herein.  The foregoing shall not be construed to limit the ability of the Company or the Committee to administer, amend or terminate the Plan pursuant to Sections 7.1 and 9.1.  For all purposes of the Plan, where the context admits, the singular shall include the plural, and the plural shall include the singular.  The Plan is intended to be and at all times shall be interpreted and administered so as to qualify as an unfunded cash incentive payment plan, and no provision of the Plan shall be interpreted so as to give any individual any right in any assets of the Company which right is greater than the rights of a general unsecured creditor of the Company.
11.4    Limitation of Rights. Neither the establishment of this Plan, nor any amendment or modifications of this Plan, nor the granting of any Award, nor the issuance of any Notice of LTIP Award, nor the payment of any amount under any Award shall be construed as an employment contract, or as giving to any employee any right to be employed by the Company on other than an at-will basis or to be employed with a specific title or in a specific position at the Company, or as modifying the terms of any employment contract (if any) between an employee and the Company.
11.5    Confidentiality. Participants shall keep confidential and shall not share with anyone the Performance Measures or Performance Targets set with respect to any Notice of LTIP Award 

15

issued, and the Company’s achievement, failure to achieve or progress towards achieving a Performance Goal, all of which are part of the Company’s proprietary corporate information.
11.6    Covenant Not to Compete and Not to Solicit. Participant shall not, during the term of Participant’s employment with Company and for a period of one year immediately following the termination of such employment for any reason whatsoever (the “Restricted Period”), either directly or indirectly, with or without compensation, individually or as an employee, broker, agent, consultant, contractor, advisor, solicitor, greater than 5% stockholder, trust beneficiary, proprietor, partner, or person interested in, affiliated with or rendering services to any other entity (a) engage in, provide or offer to provide, or assist anyone in providing, services to or for a Competitor; (b) consult with, act as agent for, or otherwise assist any competitor to compete or prepare to compete with Company  (c)  take any action to divert from Company any opportunity within the scope of its then business; (d) solicit, hire or otherwise engage any person employed by  Company to perform  services for Participant  or any other person; or (e) solicit, divert, or in any manner persuade or attempt to persuade any Company customer or supplier to discontinue its relationship with  Company.  For purposes of this paragraph, “Competitor” shall mean any person or entity in a business that provides a product or service that is substantially the same as or similar to any products or services which are, during Participant’s employment with Company either (i) developed marketed or otherwise commercially exploited by Company or (ii) actually or demonstrably anticipated to be developed, marketed, or commercially exploited by Company.  The covenants in this paragraph shall be limited to the geographical areas where the Company offers services.  Participant acknowledges that the covenants in the above paragraph are reasonable in scope, area and duration and are necessary to further Company’s legitimate interests.  Participant represents that he or she has sufficient alternative means of support so that observing these covenants will not prevent Participant from earning a livelihood or supporting dependents. Nothing herein shall be deemed to limit, invalidate or amend any covenant not to compete, restrictive covenant or agreement not to solicit which has been previously agreed to by Participant. The requirements under this section 11.6 pertaining to the covenant not to complete shall not be deemed applicable to employees who are based in California and are California residents. 
11.7    Arbitration. The Company and each Participant shall make a good faith attempt to resolve any and all claims and disputes in accordance with any dispute resolution adopted by the Company before resorting to any other dispute resolution procedure.  If the claim or dispute is not resolved in that manner and involves any rights or obligations under this Plan other than those under Sections 11.5 and 11.6 then the claim or dispute will be determined by arbitration in accordance with the then-current American Arbitration Association (“AAA”) national rules for the resolution of employment disputes by arbitration, except as modified herein.  The arbitration will be conducted by a sole neutral arbitrator who has had both training and experience as an arbitrator of employee compensation matters.  If the Company and the Participant cannot agree on an arbitrator, then the arbitrator will be selected by the AAA applying the criteria in this provision.  Reasonable discovery will be permitted and the arbitrator may decide any issue as to discovery.  The arbitrator may decide any issue as to whether or as to the extent to which, any dispute is subject to the dispute resolution provisions of this Section 11.7.  The arbitrator may award only relief at law contemplated under this Plan and the arbitrator may not award 

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incidental, consequential or punitive damages, attorney’s fees or any form or equitable relief, to either party.  The arbitrator must base the arbitration award on the provisions of this Section 11.7 and applicable law and must render the award in writing, including an explanation of the reasons for the award.  Judgment upon the award may be entered by any court having jurisdiction of the matter, and the decision of the arbitrator will be final and binding.  The statute of limitations applicable to the commencement of a lawsuit will apply to the commencement of an arbitration.  The arbitrator’s fees will be paid in equal portions by the Company and the Participant, unless the Company agrees to pay all such fees.  Nothing herein shall be deemed to bar or limit the Company’s right to bring legal action or seek equitable relief in the courts for Participant’s violation or alleged violation of Sections 11.5 or 11.6. 
11.8    Venue. Any arbitration, legal or equitable action or any proceeding arising directly, indirectly, or otherwise in connection with, out of, related to or from this Plan or any provision hereof, shall exclusively be filed and adjudicated in King County, Washington and no other venue.
11.9    Applicable Law. The Plan and all claims relating to the Awards under the Plan shall be interpreted, construed, administered and reformed pursuant to the law of contracts of the state of Washington.
11.10    Headings. The section headings appearing in this Plan shall not be deemed to govern, limit, modify, or in any way affect, the scope, meaning or intent of this Plan.
11.11    Compliance with Section 409A of the Code. The Company intends that this Plan and the payments provided hereunder be exempt from the requirements of Code Section 409A to the maximum extent possible, whether pursuant to the short-term deferral exception described in Treasury Regulation Section 1.409A-1(b)(4), the involuntary separation pay plan exception described in Treasury Regulation Section 1.409A-1(b)(9)(iii), or otherwise.  To the extent Code Section 409A is applicable to this Plan, the Company intends that this Plan and any payments hereunder comply with the deferral, payout and other limitations and restrictions imposed under Code Section 409A so that the income inclusion provisions of Code Section 409A (a) (1) do not apply to the Participants.  Notwithstanding anything herein to the contrary, this Plan shall be interpreted, operated and administered in a manner consistent with such intentions, and the Plan will be deemed to be amended, and any deferrals and distribution elections hereunder shall be deemed to be modified, to the extent the Committee determines to be necessary and effective to comply with the requirements of Code Section 409A and to avoid or mitigate the imposition of additional taxes under Code Section 409A(a)(1)(B)(i), while preserving to the maximum extent possible the essential economics of the Participants' rights under the Plan; provided, however, that in no event shall the Company, Parent or any of their Affiliates be liable for any additional tax, interest or penalty that may be imposed on a Participant by Code Section 409A or damages for failing to comply with, or be exempt from, Code Section 409A.  Without limiting the generality of the foregoing, and notwithstanding any other provision of this Agreement to the contrary:
		
	(a)
	If, at the time a Participant's employment terminates, the Participant is a “specified employee,” as defined in Treasury Regulation Section 1.409A-1

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(i) and determined using the identification methodology selected by the Company from time to time, or if none, the default methodology describe in such regulation, then, to the extent necessary to avoid the imposition of the tax described in Code Section 409A(a)(1)(B)(i), all or a portion of any amounts payable under this Plan (and the Awards granted hereunder) on account of such termination of employment that would (but for this provision) be payable within 6 months following the date of termination shall instead be paid in a lump sum on the first day of the seventh month following the date on which the Participant's employment terminates or, if earlier, upon the Participant's death; and
		
	(b)
	a termination of employment shall not be deemed to have occurred for purposes of any provision of this Plan providing for the payment of amounts which are subject to Code Section 409A upon or following a termination of employment unless such termination is also a “separation from service,” as defined in Treasury Regulation Section 1.409A-1(h) after giving effect to the presumptions contained therein, and, for purposes of any such provision of this Plan, references to “terminate,” “termination,” “termination of employment” and like terms shall mean separation from service.

11.12    Survival of Provisions. Termination of the Plan shall not be deemed to terminate Sections 11.1, 11.2, 11.3, 11.4, 11.5, 11.6, 11.7, 11.8 and 11.9.
11.13    Successors and Assigns. Unless earlier terminated by the Compensation Committee under Section 9.1 this Plan shall be binding on Company’s successors and assigns.  
11.14    Governing Document.  The Plan shall be the governing document regarding interpretation of the Plan and in the event of any inconsistency between the Plan or any other document, the terms of the Plan shall govern.    

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ADDENDUM 
TO 
T-MOBILE USA, INC.
2011 LONG-TERM INCENTIVE PLAN

Effective upon the consummation on April 30, 2013 of the transactions contemplated by the Business Combination Agreement dated October 3, 2012, by and among Deutsche Telekom AG ("Deutsche Telekom"), T-Mobile Global Zwischenholding GmbH, a direct wholly-owned subsidiary of Deutsche Telekom ("Global"), T-Mobile Global Holding GmbH, a direct wholly-owned subsidiary of Global ("Holding"), T-Mobile USA, Inc., a direct wholly-owned subsidiary of Holding, and MetroPCS Communications, Inc., the T-Mobile USA, Inc. 2011 Long-Term Incentive Plan (the "Plan") and all awards outstanding under the Plan on April 30, 2013 were modified to provide that all such awards will continue to vest as scheduled, with both Tranche Vesting and Cliff Vesting (as those terms are defined in the Plan) components of the awards to be payable at target (100%) upon completion of the applicable performance periods provided the participant remains continuously employed by T-Mobile US, Inc. through the date of payment as set forth in the Plan.

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