Document:

Form of Award Agreement

 Exhibit 10.2 

Stock Option Award Agreement 

2010 Long-term Incentive Plan Award 

Throughout this Award Agreement we sometimes refer to Sprint Nextel Corporation and its subsidiaries as “we” or “us.” 

1. Award of Option Right 

On March 16, 2010 (the “Date of Grant”), the Compensation Committee of the Board of Directors of Sprint Nextel (the
“Compensation Committee”) granted you an Option Right to purchase from us the number shares shown above of Series 1 common stock, par value $2.00 per share of Sprint Nextel (the “Common Stock”) at an Option Price of
$<<        .        >> per share. The Option Right is governed by the terms of the Sprint Nextel Corporation 2007 Omnibus Incentive Plan (the
“Plan”) and is subject to the terms and conditions described in this Award Agreement. The Option Right is not intended to qualify as an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code
of 1986 (the “Code”). 
 2. When the Option Right Becomes Exercisable 

Your Option Right becomes exercisable (or “vested”) at a rate of 1/4th of the total number of shares subject to purchase on each
of March 16, 2011, March 16, 2012, March 16, 2013 and March 16, 2014, conditioned upon you continuously serving as our employee through each applicable vesting date. The portion of your Option Right that has not vested
as of your Termination Date (see paragraph 3 below) will be forfeited as of such date, except to the extent vesting accelerates as described in paragraph 3 below. 

3. Acceleration of Vesting 

The unvested portion of your Option Right may become vested before the time at which it would normally become vested by the passage of
time — that is, the vesting may accelerate. Accelerated vesting can apply in the four circumstances described below. 
  

					
	 Event
	  	 Condition for acceleration
	  	 Effective date of
acceleration

			
	Death	  	If you die	  	Death
			
	Disability	  	If you have a termination of employment under circumstances that would make you eligible for benefits under our long-term disability plan	  	Your Termination Date
			
	Change in Control	  	If you have a termination of employment during the CIC Severance Protection Period under circumstances that you receive severance benefits under the Sprint Nextel Separation Plan,
the CIC Severance Plan, or your employment agreement (as applicable)	  	Your Termination Date
			
	Normal Retirement	  	 If your Termination Date is on or after
  

•   The first anniversary of the Date of Grant, and

 
 •   Your
65th birthday
	  	Your Termination Date

 2010 LTIP Stock Option Award Agreement 

CIC Severance Plan means the Sprint Nextel Corporation Change in Control Plan, as it may be amended from time to time, or any successor
plan. 
 CIC Severance Protection Period means the time period commencing on the date of the first occurrence of a Change in
Control and continuing until the earlier of (i) the 18-month anniversary of such date and (ii) the Participant’s death. 

Sprint Nextel Separation Plan means the Sprint Nextel Separation Plan as it may be amended from time to time or any successor plan.

 Termination Date means the later of (a) the last day of your relationship with us as a common-law employee, and
(b) if, after your involuntary termination you receive severance from us paid according to our payroll cycle (i.e., not in a lump sum), the last day of your severance pay period. 

4. Exercise of Option Right 

To the extent it has vested, you may exercise your Option Right under this Award in whole or in part at the time or times as permitted by
the Plan if the Option Right has not otherwise expired, been forfeited or terminated. To exercise you must: 
  

	 	•	 	 deliver a written election under procedures we establish (including by approved electronic medium) and 

 

	 	•	 	 pay the Option Price. 

 You
may pay the Option Price by 
  

	 	•	 	 check or by wire transfer of immediately available funds, 

 

	 	•	 	 actual or constructive transfer of shares of Common Stock you have owned for at least six months having a market value on the Exercise Date equal to
the total Option Price, or 

  

	 	•	 	 any combination of cash, shares of Common Stock and other consideration as the Compensation Committee may permit. 

If you pay the Option Price by delivery of funds or shares of Common Stock, the value per share for purposes of determining your taxable
income from such an exercise will be the Market Value Per Share of the Common Stock on the immediately preceding day before the exercise except that we will use the average of the high and low prices on that date in lieu of the closing price.

  

 Page 2 of 6 

 2010 LTIP Stock Option Award Agreement 

To the extent permitted by law, you may pay the Option Price from the proceeds of a sale through a broker we designate. The Market Value
Per Share for purposes of determining your taxable income from such an exercise will be the actual price at which the broker sold the shares. 

5. Expiration of Option Right 

Unless terminated earlier in accordance with the terms of this Award Agreement or the Plan, the Option Right granted herein will expire at
4:00 P.M., U.S. Eastern Time, on the tenth anniversary of the Grant Date (the “Expiration Date”). If the tenth anniversary of the Grant Date, however, is a Saturday, Sunday or any other day on which the market on which our Common Stock
trades is closed (a “Non-Business Day”), then the Expiration Date will occur at 4:00 P.M., U.S. Eastern Time, on the first business day before the tenth anniversary of the Grant Date. 

6. Effect of your Termination of Employment 

The length of time you have to exercise your vested Option Right after your termination of employment with us depends on the reason for
your termination. The table below describes the post-termination exercise period for the various termination reasons. The Option Right will expire as of the end of the applicable period. In no event, however, may you exercise your Option Right after
the Expiration Date. 
  

			
	 Termination Event
	  	 Time to Exercise Vested
Options

		
	Resignation	  	May exercise up through the
90th day after your Termination Date
		
	Death*	  	May exercise up through the
12th month after your Termination Date
		
	Disability – if you have a termination of employment under circumstances that would make you eligible for benefits under the company’s long-term disability
plan*	  	May exercise up through 60 months after your Termination Date
		
	Early Retirement (i.e., on your Termination Date you would be eligible to commence early or special early retirement benefits under the Sprint Retirement Pension Plan whether or not
you are a participant in that plan)	  	May exercise up through 60 months after your Termination Date
		
	Normal Retirement (i.e., your Termination Date is on or after your
65th birthday)*	  	May exercise up through 60 months after your Termination Date
		
	Involuntary termination (not for Cause) not in connection with a Change in Control	  	 May exercise up through:
  

•   the
90th day after your Termination Date, or

 
 •   60 months after your
Termination Date if you are eligible for Early Retirement or Normal Retirement on your Termination Date

		
	If you have a termination of employment during the CIC Severance Protection Period under circumstances for which you receive severance benefits under the Sprint Nextel Separation
Plan, the CIC Severance Plan, or your employment agreement (as applicable)*	  	 May exercise up through:
  

•   the
90th day after your Termination Date, or

 
 •   60 months after your
Termination Date if you are eligible for Early Retirement or Normal Retirement on your Termination Date

		
	For Cause	  	Forfeited as of Termination Date

  

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 2010 LTIP Stock Option Award Agreement 

 
  

	*	See paragraph 3 for rules regarding acceleration of vesting. 

If the last day to exercise under the schedule described in the table above is a Non-Business Day, then you must exercise no later than
the previous business day. 
 You are solely responsible for managing the exercise of your Option Award in order to avoid
inadvertent expiration. 
 7. Transfer of your Option Right and Designation of Beneficiaries  

Your Option Right represents a contract between Sprint Nextel and you, and your rights under the contract are not assignable to any other
party during your lifetime. Upon your death, your Option Right may be exercised in accordance with the terms of the Award by any beneficiary you name in a beneficiary designation or, if you make no designation, by your estate. 

8. Plan Terms 
 All
capitalized terms used in this Award Agreement that are not defined in this Award Agreement have the same meaning as those terms have in the Plan. The terms of the Plan are hereby incorporated by this reference. The Plan is available on line at
http://iconnect.corp.sprint.com/portal/iland/?dochome=iw&docpath=IntranetDirectory/LandingPage/20080605_1650_10367056#LTI. 
  

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 2010 LTIP Stock Option Award Agreement 

9. Adjustment 
 In the
event of any change in the number or kind of outstanding shares of our Common Stock by reason of a recapitalization, merger, consolidation, reorganization, separation, liquidation, stock split, stock dividend, combination of shares or any other
change in our corporate structure or shares of our Common Stock, an appropriate adjustment will be made consistent with applicable provisions of the Code and applicable Treasury Department rulings and regulations in the number and kind of shares
subject to outstanding Awards and any other adjustments as the Board deems appropriate. 
 10. Amendment; Discretionary Nature of Plan

 This Award Agreement is subject to the terms of the Plan, as may be amended from time to time, except that the Award which is
the subject of this Award Agreement may not be materially impaired by any amendment or termination of the Plan approved after the Date of Grant without your written consent. You acknowledge and agree that the Plan is discretionary in nature and may
be amended, cancelled, or terminated by the Company, in its sole discretion, at any time. The grant of the Option Award under the Plan is a one-time benefit and does not create any contractual or other right to receive a grant of Option Awards,
other types of grants under the Plan, or benefits in lieu of such grants in the future. Future grants, if any, will be at the sole discretion of the Company, including, but not limited to, the timing of any grant, the number of shares underlying the
Option Award granted, and vesting provisions. 
 11. Data Privacy 

By entering into this agreement, you (i) authorize us, and any agent of ours administering the Plan or providing Plan recordkeeping
services, to disclose to us or our subsidiaries such information and data as we or our subsidiaries request in order to facilitate the grant of the Option Right and the administration of the Plan; (ii) waive any data privacy rights you may have
with respect to such information; and (iii) authorize us to store and transmit such information in electronic form. 
 12. Governing
Law 
 This Award Agreement will be governed by the laws of the State of Kansas. No shares of Common Stock will be delivered
upon the exercise of the Option Right unless counsel for the Company is satisfied that such delivery will be in compliance with all applicable laws. 

13. Severability 
 The
various provisions of this Award Agreement are severable, and any determination of invalidity or unenforceability of any one provision shall have no effect on the remaining provisions. 

 

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 2010 LTIP Stock Option Award Agreement 

14. Entire Agreement 
  

			
	 You hereby acknowledge that you have read the 2007 Omnibus Incentive Plan Information Statement dated April 2010 (the “Information
Statement”) available on line at

	http://iconnect.corp.sprint.com/portal/iland/?dochome=iw&docpath=IntranetDirectory/LandingPage/20080605_1650_10367056#LTI.
	To the extent not inconsistent with the provisions of this Award Agreement, the terms of the Information Statement and the Plan are hereby incorporated by reference.
This Award Agreement, along with the Information Statement and the Plan, contain the entire understanding of the parties.

  

			
	Sprint Nextel Corporation
		
	By:	 	 
		 	

 This document constitutes part of a prospectus covering securities that have been 

 registered under the Securities Act of 1933 

 

 Page 6 of 6Form of Award Agreement

 Exhibit 10.3 

Restricted Stock Unit Award Agreement 

2010 Long-term Incentive Plan Award 

Throughout this Award Agreement we sometimes refer to Sprint Nextel Corporation and its subsidiaries as “we” or “us.” 

1. Award of Restricted Stock Units 

On March 16, 2010 (the “Date of Grant”), the Compensation Committee of the Board of Directors of Sprint Nextel (the
“Compensation Committee”) granted you an Award of [number] Restricted Stock Units (RSUs) under the terms of the Sprint Nextel Corporation 2007 Omnibus Incentive Plan (the “Plan”). Subject to the restrictions and conditions of the
Plan and this Award Agreement, including the Performance Adjustment described below, each RSU represents the right for you to receive from us one share of Common Stock on the Vesting Date and to dividends as described below. Your right to receive
shares of Common Stock underlying the RSUs is a contractual right between you and us and does not give you a preferred claim to any particular assets or shares of Sprint Nextel. 

2. Performance Adjustment 

Your RSUs are allocated equally among three annual performance periods (2010, 2011 and 2012) for which annual financial objective(s) are
determined by the Compensation Committee at the beginning of each applicable performance period. Subject to the discretion of the Compensation Committee, the number of RSUs allocable to each annual performance period will be adjusted as soon as
reasonably practicable following each annual performance period by multiplying that number by a payout percentage (0% or 100%) based on achievement of that annual performance period’s objective(s, as weighted) and the 162(m) objective (the
“Performance Adjustment”). Any such adjusted number of RSUs for an annual performance period combined with remaining annual performance period allocation(s), as may be further adjusted pursuant to Section 10 of this Award Agreement
below, are your “Outstanding RSUs.” 
 3. Restriction Period 

Subject to the terms and conditions of this Award Agreement, including the Performance Adjustment, your Outstanding RSUs vest 100% on the
third anniversary of the Date of Grant (or the date of the final annual performance period adjustment if later), or the date vesting is accelerated as described in paragraph 5 below if earlier (the “Vesting Date”), conditioned upon you
continuously serving as our employee through that Vesting Date other than as provided in paragraph 4 below. 
 4. Forfeiture of RSUs;
Continued Vesting  
 You will forfeit unvested Outstanding RSUs as of your Separation from Service (unless vesting of your
Outstanding RSUs accelerates under paragraph 5). If your Separation from Service is on or after the later of your 65th birthday and the second anniversary of the Date of Grant, the continuation of employment requirement in paragraph 3 shall not
apply and your Outstanding RSUs allocable to the final performance period shall be prorated based on your Separation from Service date. 

Separation from Service is defined in the Plan. Generally, it means the date of your termination of employment with us. 

 2010 LTIP Performance RSU Award Agreement – Nextel 

 

 5. Acceleration of Vesting 

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

					
	 Event
	    	 Condition for acceleration
	    	 Effective date of
acceleration

	Death	    	If you die.	    	Death.
			
	Disability	    	If you have a Separation from Service under circumstances that make you eligible for benefits under the company’s long-term disability plan.	    	Your Separation from Service (or after the Six-Month Payment Delay if you are a “specified employee” subject to this delay).
			
	Involuntary Termination without Cause or Resignation with Good Reason	    	If you have a Separation from Service under circumstances that you are entitled to receive severance benefits under Section 9(b) of your employment agreement.	    	Your Separation from Service (or after the Six-Month Payment Delay if you are a “specified employee” subject to this delay) , conditioned on your delivering a release to
the Company as described in Section 9(b) of your employment agreement.

 Six-Month Payment Delay is defined in the
Plan to mean the required delay in payment to a Participant who is a “specified employee” of amounts subject to paragraph 409A of the Internal Revenue Code (the “Code”) that are paid upon Separation from Service. 

6. Dividends 
 If cash
dividends are paid on the Common Stock underlying RSUs you hold on the dividend record date, as determined retrospectively after the final Performance Adjustment, you will receive a cash payment equal to the amount of the dividend that would be paid
on such Common Stock as soon as practicable after the Delivery Date but in no event later than 45 days after such date. 
 If
non-cash dividends are paid on the Common Stock underlying your Outstanding RSUs, the Compensation Committee, in its sole discretion, may (1) adjust the RSUs as described in paragraph 10 of this Award Agreement or, (2) provide for
distribution of the property distributed in the non-cash dividend. If the Compensation Committee provides for distribution of the non-cash dividend, and you hold the RSUs on the dividend record date, your vesting and delivery dates for the property
distributed on the Common Stock underlying your adjusted RSUs will be the same as those dates for the RSUs. 
  

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 2010 LTIP Performance RSU Award Agreement – Nextel 

 

 7. Delivery Date; Market Value Per Share 

The Delivery Date (the date as of which we distribute the Common Stock underlying the Outstanding RSUs to you) is the Vesting Date, or the
day after the Six-Month Payment Delay if that delay applies to your RSUs. We calculate your taxable income on the Delivery Date using the Market Value Per Share on the immediately preceding trading day, but we use the average of the high and low
reported prices of our Common Stock instead of the closing price. We will distribute the Common Stock underlying the Outstanding RSUs, as soon as practicable after the Delivery Date, but in no event later than 45 days after the Delivery Date.

 8. Transfer of your RSUs and Designation of Beneficiaries  

Your RSUs represent a contract between Sprint Nextel and you, and your rights under the contract are not assignable to any other party
during your lifetime. Upon your death, shares of Common Stock underlying your RSUs will be delivered in accordance with the terms of the Award to any beneficiaries you name in a beneficiary designation or, if you make no designation, to your estate.

 9. Plan Terms 

All capitalized terms used in this Award Agreement that are not defined in this Award Agreement have the same meaning as those terms
have in the Plan. The terms of the Plan are hereby incorporated by this reference. The Plan is available online at http://iconnect.corp.sprint.com/portal/iland/?dochome=iw&docpath=IntranetDirectory/LandingPage/20080605_1650_10367056#LTI.

 10. Adjustment 

In the event of any change in the number or kind of outstanding shares of our Common Stock by reason of a recapitalization, merger,
consolidation, spin-off, reorganization, separation, liquidation, stock split, stock dividend, combination of shares or any other change in our corporate structure or shares of our Common Stock, an appropriate adjustment will be made consistent with
applicable provisions of the Code and applicable Treasury Department rulings and regulations in the number and kind of shares subject to outstanding Awards and any other adjustments as the Board deems appropriate. 

 

 Page 3 of 5 

 2010 LTIP Performance RSU Award Agreement – Nextel 

 

 11. Amendment; Discretionary Nature of Plan 

This Award Agreement is subject to the terms of the Plan, as may be amended from time to time, except that the Award which is the subject
of this Award Agreement may not be materially impaired by any amendment or termination of the Plan approved after the Date of Grant without your written consent. You acknowledge and agree that the Plan is discretionary in nature and may be amended,
cancelled, or terminated by us, in our sole discretion, at any time. The grant of RSUs under the Plan is a one-time benefit and does not create any contractual or other right to receive a grant of RSUs, other types of grants under the Plan, or
benefits in lieu of such grants in the future. Future grants, if any, will be at the sole discretion of the Company, including, but not limited to, the timing of any grant, the number of RSUs granted, the payment of dividend equivalents, and vesting
provisions. 
 12. Data Privacy 

By entering into this agreement, you (i) authorize us, and any agent of ours administering the Plan or providing Plan recordkeeping
services, to disclose to us or our subsidiaries such information and data as we or our subsidiaries request in order to facilitate the grant of the RSUs and the administration of the Plan; (ii) waive any data privacy rights you may have with
respect to such information; and (iii) authorize us to store and transmit such information in electronic form. 
 13. Governing Law

 This Award Agreement will be governed by the laws of the State of Kansas. No shares of Common Stock will be delivered to you
upon the vesting of the RSUs unless counsel for the Company is satisfied that such delivery will be in compliance with all applicable laws. 

14. Severability 
 The
various provisions of this Award Agreement are severable, and any determination of invalidity or unenforceability of any one provision shall have no effect on the remaining provisions. 

15. Taxes 
 You are
liable for any and all taxes, including withholding taxes, arising out of this grant or the issuance of the Common Stock on vesting of RSUs. The Company is authorized to deduct the amount of the tax withholding from the amount payable to you upon
settlement of the RSUs. We will withhold from the total number of shares of Common Stock you are to receive the value equal to the amount necessary to satisfy any such withholding obligation at the minimum applicable withholding rate. In addition,
if you become subject to FICA or Medicare tax, but you are not yet entitled to delivery of the shares of Common Stock underlying the RSUs, you hereby authorize us to withhold the resulting FICA or Medicare tax from other income payable to you.

  

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 2010 LTIP Performance RSU Award Agreement – Nextel 

 

 16. Entire Agreement 

 

			
	 You hereby acknowledge that you have read the 2007 Omnibus Incentive Plan Information Statement dated April 2010 (the “Information
Statement”) available on line at

	http://iconnect.corp.sprint.com/portal/iland/?dochome=iw&docpath=IntranetDirectory/LandingPage/20080605_1650_10367056#LTI.
	To the extent not inconsistent with the provisions of this Award Agreement, the terms of the Information Statement and the Plan are hereby incorporated by reference.
This Award Agreement, along with the Information Statement and the Plan, contain the entire understanding of the parties.

  

	
	Sprint Nextel Corporation                    
	
	By:
                                         
                         
	
	                             
                                         
    
	[Employee]

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

 

 Page 5 of 5

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