Document:

exv10w9

 

Exhibit 10.9

SECOND AMENDMENT TO EMPLOYMENT AGREEMENT

     THIS SECOND AMENDMENT TO THE EMPLOYMENT AGREEMENT (this “Second Amendment”) by and between
Nextel Communications, Inc., a Delaware corporation (the “Company”) and Barry J. West (the
“Executive”), is made and entered into as of February 28, 2007 (the “Revised Effective Date”).

WITNESSETH:

     WHEREAS, the Executive and the Company entered into an Employment Agreement dated as of April
1, 2004 (the “Original Agreement”) and amended the Original Agreement as of July 25, 2006 (the
“First Amendment”);

     WHEREAS, under the terms of that certain Agreement and Plan of Merger entered into December
15, 2004 (the “Merger Agreement”), the Company merged with and into a subsidiary of Sprint
Corporation (the “Merger”), and as of the Effective Time, Sprint Corporation became known as Sprint
Nextel Corporation (“Sprint Nextel”);

     WHEREAS, the Merger constituted a Change of Control for purposes of the Company’s Change of
Control Retention Bonus and Severance Pay Plan (“Change of Control Plan”) and Amended and Restated
Incentive Equity Plan (“Incentive Equity Plan”);

     WHEREAS, pursuant to the terms of the Change of Control Plan, the Executive is eligible to
terminate employment for Good Reason (as defined in the Change of Control Plan) during the
Severance Period (as defined in the Change of Control Plan);

     WHEREAS, the Executive agrees to continue to be employed and the Company agrees to continue to
employ the Executive pursuant to the terms of the Original Agreement, as amended by the First
Amendment and as amended by this Second Amendment;

     WHEREAS, the Company and the Executive agreed in the First Amendment that for purposes of the
Change of Control Plan, the Executive’s Severance Period would be extended until February 28, 2007
and for purposes of the Incentive Equity Plan, the Executive’s Accelerated Vesting Period (as
defined in the Incentive Equity Plan) would be extended until February 28, 2007;

     WHEREAS, the Company and the Executive agreed in the First Amendment that the Executive’s
right to terminate his employment with the Company for Good Reason under §3(h)(iii) of the Change
of Control Plan and §2(v)(iii) of the Incentive Equity Plan would be extended until February 28,
2007;

     WHEREAS, the Company wishes to retain the Executive, and the Executive wishes to remain
employed by the Company beyond February 28, 2007, and, to that end the Company desires to preserve
the benefits the Executive would be entitled to receive as if he resigned with Good Reason under
the Change of Control Plan on February 28, 2007 even though he remains

 

 

employed beyond that date and otherwise provide for certain rights as specifically provided
herein below; and

     WHEREAS, pursuant to Section 26 of the Original Agreement, the Company and the Executive wish
to amend the Original Agreement, effective as of the Revised Effective Date, as set forth herein.

     NOW, THEREFORE, in consideration of the premises and of the covenants and agreements set forth
herein, the Company and the Executive agree as follows:

I.

     Effective as of the Revised Effective Date, pursuant to Section 26 of the Original Agreement,
the Executive and the Company agree to amend the Original Agreement, as amended by the First
Amendment, as provided below.

II.

     Section 4(b)(ii) is hereby amended by adding the following sentence at the end thereof as
follows:

Effective for the bonus year ending December 31, 2007, if the Executive resigns
during 2007 he will be eligible for a payment of any pro rata Bonus Award under the
Short-Term Incentive Plan, determined under the Short-Term Incentive Plan as if he
had been terminated by the Company without Cause.

III.

     Section 4(c) is hereby amended and restated in its entirety as follows:

     (c) Equity Compensation. In 2007, the Executive will not be
eligible to participate in such equity incentive plans and programs as the
Company generally provides to its senior executives.

IV.

     Subject to the Executive remaining continuously employed by the Company through the payment
date (except as provided in Section 4(c)(i) and (ii) below), the Executive will be entitled to
receive a lump sum payment of $250,000 payable on June 30, 2007 and $250,000 payable on December
31, 2007.

     (i) Termination before June 30, 2007. If, before June 30,
2007, the Executive resigns, or is involuntarily terminated by the Company
without Cause, the Executive will be entitled to a pro rata payment equal to
the product of $250,000 and a fraction, the numerator of which is the number
of days in 2007 before and including the Executive’s termination date and
the denominator of which is 181, payable as soon as practicable after his
termination date.

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     (ii) Termination after June 30, 2007 and before December 31,
2007. If, after June 30, 2007 and before December 31, 2007, the
Executive resigns, or is involuntarily terminated by the Company without
Cause, the Executive will be entitled to a pro rata payment equal to the
product of $250,000 and a fraction, the numerator of which is the number of
days after June 30, 2007 and before and including the Executive’s
termination date and the denominator of which is 184, payable as soon as
practicable after his termination date.

V.

     In full satisfaction of any rights to compensation or benefits to which Executive is or might
be entitled under any severance plan or program of the Company or Sprint Nextel, including without
limitation any rights under Section 9(b) of the Original Agreement, but not in satisfaction of
rights upon death, Disability or as specifically described hereinabove, and in exchange for his
agreement to deliver to the Company a release (following his termination of employment) in the form
attached hereto as Exhibit A (and to not later revoke that release), the Executive will be entitled
to:

     (i) (A) if his termination of employment is before July 1, 2007 (and
the reason for termination of employment is either termination by the
Company without Cause, or resignation by the Executive with or without Good
Reason), the Executive shall receive from the Company as soon as practicable
after six months and one day following his severance from service with the
Company, a lump sum cash payment of $1.9 million, or (B) if he remains
employed with the Company through June 30, 2007, receive from the Company as
soon as practicable after January 2, 2008, a lump sum cash payment of $1.9
million;

     (ii) continue participation in the Company’s health care, life and
long-term disability plans, substantially on the same basis that the
Executive participated in such health care, life and disability plans prior
to the termination of employment for 24 months after his termination of
employment; provided, however, that benefits otherwise receivable by the
Executive under this Section 9(b)(ii) shall be applied against the maximum
period of continuation coverage provided under Section 4980B of the Code;
and

     (iii) receive acceleration, as of February 28, 2007, of all unvested
stock options that have not otherwise vested and any vested stock options
shall remain outstanding and exercisable for 12 months following the
Executive’s termination of employment (but in no event longer than the term
of the stock option, as calculated without regard to any termination of
employment).

VI.

     Except as specifically amended herein, the Agreement shall remain unchanged, and as amended
herein, shall continue in full force and effect until the expiration of the Employment

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Term pursuant to Section 2 of the Original Agreement, as amended by the First Amendment and as
further amended by this Second Amendment.

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

	 	 	 	 	 
	 	Sprint Nextel Corporation

 	 
	 	By:  	                     /s/  Gary D. Forsee
 	 
	 	 	Gary D. Forsee 	 
	 	 	Chief Executive Officer 	 
	 
	 	 	 
	 	                                                  /s/  B.J. West
 	 
	 	Barry J. West 	 
	 	 	 

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EXHIBIT A

Release

     WHEREAS, Nextel Communications, Inc. (the “Company”), a Delaware corporation, and Barry J.
West (the “Executive”) are parties to an Employment Agreement, dated April 1, 2004 (the
“Original Agreement”), and amended as of July 25, 2006 (the “First Amendment”) and subsequently
amended as of February 28, 2007 (the “Second Amendment”); and

     WHEREAS, the Executive’s employment with the Company terminated on                                          (the
“Separation Date”); and

     WHEREAS, the Executive has agreed to sign this release (the “Release”) under Section IV of the
Second Amendment and is required to sign the Release in order to receive the benefits under Section
9(b), as amended by Section IV of the Second Amendment.

     NOW THEREFORE, in consideration of the promises and agreements contained herein and other good
and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, and
intending to be legally bound, the Executive agrees as follows:

This Release is effective on the Effective Date, as defined in Section 7(b) hereof.

	1.	 	In consideration of the payments to be made and the benefits to be received by the Executive
pursuant to Section 9(b) of the Original Agreement, as amended by Section IV of the Second
Amendment, the Executive, for himself and the Executive’s dependents, successors, assigns,
heirs, executors and administrators (and the Executive’s and their legal representatives of
every kind), hereby irrevocably and unconditionally releases, acquits and forever discharges
Nextel Communications, Inc. (the “Company”, a term which for purposes of this Release
includes its parents, predecessors, subsidiaries, divisions, successors-in-interest, related
or affiliated companies, successors, all of its and their current and former officers,
directors, stockholders, members, employees, heirs, assigns, representatives, insurers, agents
and counsel and all persons acting by, through, under or in concert with any of them, whether
in their individual or official capacities, unless the context otherwise clearly requires)
from any and all arbitrations, complaints, claims, charges, liabilities, obligations,
promises, agreements, controversies, damages, actions, causes of action, suits, rights,
demands, costs, losses, debts and expenses including claims for attorney’s fees, demands,
damages, suits, proceedings, actions and/or causes of action of any kind whatsoever and every
description, whether known or unknown, suspected or unsuspected, which the Executive now has,
may have, claimed to have, or any time had against the Company prior to the execution of this
Release or related thereto (collectively “Claims”) and the Executive agrees not to
assert any such Claims or causes of action.

	 	(a)	 	This complete release of Claims includes, without express or implied
limitation, the release of all Claims of breach of express or implied contract; all
Claims related to the Executive’s employment and the termination of his employment; all
Claims of wrongful termination of employment whether in

Initials ______

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contract or tort; all Claims of intentional, reckless, or negligent infliction of emotional
distress; all Claims of breach of any express or implied covenant of employment, including
the covenant of good faith and fair dealing; all Claims of interference with contractual or
advantageous relations, whether prospective or existing; all Claims of deceit or
misrepresentation; all Claims of discrimination under local, state or federal law; and any
legal restrictions on the Company’s right to terminate employees, or any federal, state,
local statutory or common law or other governmental statute, regulation or ordinance,
including, without limitation, the Sarbanes-Oxley Act of 2002; Section 1981 of Title 42 of
the United States Code; 42 U.S.C. §1981; and/or Title VII of the Civil Rights Act of 1964;
the Age Discrimination in Employment Act; the Americans with Disabilities Act; the Equal Pay
Act; the Fair Labor Standards Act; the Family and Medical Leave Act; the Employee Retirement
Income Security Act of 1974, as amended; the Rehabilitation Act of 1973; the Racketeer
Influenced and Corrupt Organizations Act; the Virginia Human Rights Act; Chapter 11 of the
1976 Code of Fairfax County, Virginia; all Claims of defamation or damage to reputation; all
Claims for reinstatement; all Claims for punitive or emotional distress damages; all Claims
for wages, bonuses, severance, back or front pay or other forms of compensation which are
based upon or arise from the acts, practices, transactions, events, and/or facts underlying
any wage claim that was or could have been asserted; and all Claims for attorney’s fees and
costs.

	 	(b)	 	Notwithstanding the foregoing, nothing herein shall require the Executive to
release (i) any rights under the terms of the Original Agreement, as amended by the
First Amendment and the Second Amendment, (ii) any Claim for benefits to which the
Executive is or will be entitled in the ordinary course under the terms of the
Company’s benefit plans, or (iii) any indemnity against claims, costs or expenses to
which the Executive may be entitled as a result of having served as an officer of the
Company or any of its affiliates pursuant to their respective articles or by-laws; any
agreement with the Executive; or any policies of insurance the Company or any of its
affiliates may maintain.

	2.	 	The Executive understands and acknowledges that the Company does not admit any violation of
law, liability or invasion of any of his rights and that any such violation, liability or
invasion is expressly denied. The consideration provided for this Release is made for the
purpose of settling and extinguishing all claims and rights (and every other similar or
dissimilar matter) that the Executive ever had or now may have against the Company to the
extent provided in this Release. The Executive further agrees and acknowledges that no
representations, promises or inducements have been made by the Company other than as appear in
the Agreement and this Release.

	3.	 	The Executive agrees to release and discharge the Company, not only from any and all claims
which he could make on his own behalf, but also those which may or could be brought by any
person or organization, on his behalf for monetary relief, and he specifically waives any
right to recovery, directly or indirectly, in connection with any class or collective action
or representative proceeding in which a claim or claims

Initials ______

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against the Company for monetary relief may arise, in whole or in part, from any event which
occurred up through and including the Effective Date.

	4.	 	The Executive acknowledges that his waiver and release of rights and claims as set forth in
this Release is in exchange for valuable consideration which he would not otherwise be
entitled to receive.

	5.	 	The parties understand, agree and intend that, upon receipt of payments by the Company
benefits under Section IV of the Second Amendment, the Executive will have received complete
satisfaction of any and all claims, whether known, suspected, or unknown, that he may have or
had against Company, and he thereby waives any and all relief not explicitly provided for
herein.

	6.	 	The Executive agrees to pay any reasonable legal fees or costs incurred by the Company as a
result of any breach of his promises in this Release, including his promise to fully release
the Company from all claims and to compensate its attorneys for their legal fees, except to
the extent that he challenges the validity of the Release under the Age Discrimination in
Employment Act, in which case the Company may only recover such fees and expenses as may be
permitted by state and federal law.

	7.	 	The Executive further represents, agrees and acknowledges that:

	 	(a)	 	he has been advised by the Company to consult with his own legal counsel prior
to executing and delivering this Release, has had an opportunity to consult with and to
be advised by legal counsel of the Executive’s choice, fully understands the terms of
this Release, and enters into this Release freely, voluntarily, without coercion or
duress of any kind and intending to be bound;
	 
	 	(b)	 	he has been given the opportunity to consider this Release for a period of at
least twenty-one (21) days. In the event that the Executive has executed this Release
within less than twenty-one (21) days of the date of its delivery to him, the Executive
acknowledges that such decision was entirely voluntary and that he had the opportunity
to consider this Release for the entire twenty-one (21) day period. The Executive and
the Company acknowledge that for a period of seven (7) days from the date that the
Executive executes this Release (the “Revocation Period”), he shall retain the
right to revoke this Release by written notice that is received by the Company’s
General Counsel before the end of such Revocation Period. Provided that this Release
is not revoked pursuant to the preceding sentence, this Release shall become effective,
binding, irrevocable and enforceable on the date immediately following the last day of
the Revocation Period (the “Effective Date”). If the Executive exercises his
right to revoke this Release, the Executive will forfeit his right to receive any of
the benefits provided for herein or therein, without affecting the effectiveness of the
termination of the Executive’s employment with the Company under Section 9(b) of the
Original Agreement, and without altering the termination of the Executive’s employment
from all offices and any directorships and any fiduciary positions;

Initials _______

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	 	(c)	 	in executing this Release, the Executive does not rely and has not relied upon
any representation or statement not set forth herein made by the Company with regard to
the subject matter, basis, or effect of this Release or otherwise; and
	 
	 	(d)	 	for the purpose of implementing a full and complete release and discharge of
the Company, the Executive expressly acknowledges that this Release is intended to
include in its effect, without limitation, all claims which the Executive does not know
or suspect to exist in his favor at the time of execution hereof, and that this Release
contemplates the extinguishment of any such claim or claims. IN EXECUTING THIS
RELEASE, THE EXECUTIVE EXPRESSLY REPRESENTS THAT HE IS DOING SO VOLUNTARILY AND OF HIS
OWN FREE WILL AND THAT HE IS OF SOUND MIND AT THE TIME OF SAID EXECUTION.
	 
	 	(e)	 	the Original Agreement, as amended by the First Amendment and the Second
Amendment, is intended to be administered and interpreted in a manner that is
consistent with the requirements of Section 409A of the Internal Revenue Code on 1986,
as amended.

	8.	 	The Executive represents that he has not filed any complaints or lawsuits against the Company
with any government agency or any court, and that he will not seek to recover any monetary
damages in the future with respect to Claims that arose prior to the Effective Date;
provided, however, that this shall not limit the Executive from filing a
lawsuit for the sole purpose of enforcing the Executive’s rights under this Release, including
rights reserved under Section 1(b).

	9.	 	The Executive waives and releases any claim that the Executive has or may have to
reemployment.

     PLEASE READ AND CONSIDER THIS RELEASE CAREFULLY BEFORE EXECUTING. THIS GENERAL RELEASE
INCLUDES A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS.

     IN WITNESS WHEREOF, the Executive has executed and delivered this Release on the date set
forth below.

	 	 	 	 	 
	 	 	 
	Dated:                                                              	  	
 	 
	 	 	Barry J. West 	 

THIS RELEASE IS INVALID IF SIGNED BEFORE SEPARATION DATE

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4exv10w10

 

Exhibit 10.10

Restricted Stock Unit Evidence of Award

Non-Employee Director Awards

Throughout this Evidence of Award we sometimes refer to Sprint Nextel Corporation as “we” or “us”
and to participants as “you.”

1. Award of Restricted Stock Units

     The Human Capital and Compensation Committee of the Board of Directors of Sprint Nextel has
granted you an Award of                      Restricted Stock Units (RSUs) under the terms of the Sprint
Nextel Corporation 2007 Omnibus Incentive Plan (the “Plan”) as of                      (the “Date of
Grant”). Each RSU represents the right for you to receive from us one share of Series 1 common
stock, par value $2.00 per share, of Sprint Nextel (the “Common Stock”) on the vesting date. In
addition, each RSU gives you the right to dividend equivalents as described in paragraph 5 below.
Your right to receive shares of Common Stock under the RSUs is a contractual right between you and
us and does not give you a preferred claim to any particular assets or shares of Sprint Nextel.

2. Restriction Period

     Your RSUs are subject to the restrictions and conditions in this Evidence of Award. Your RSUs
vest 100 percent on the date of the first Annual Meeting of Shareholders after the Date of Grant,
conditioned upon you continuously serving on our Board of Directors to that vesting date. However,
vesting of your RSUs may accelerate as described in paragraph 4 below. RSUs that are
subject to forfeiture on your termination of service as a Director are called “unvested RSUs,” and
RSUs no longer subject to forfeiture or restrictions on transfer are called “vested RSUs.” The
date on which the RSU becomes vested is its “vesting date.”

3. Forfeiture of RSUs

     You will forfeit unvested RSUs if you terminate your Board service with Sprint Nextel for any
reason (unless vesting of your RSUs accelerates under paragraph 4).

4. Acceleration of Vesting

     Unvested RSUs may become vested RSUs before the time at which they would normally become
vested by the passage of time — that is, the vesting of RSUs may accelerate. Accelerated vesting
occurs upon (1) your termination of Board service because of your death or Disability, or (2) under
the conditions described in Section 13 of the Plan in connection with a Change in Control of Sprint
Nextel.

5. Dividend Equivalents

     If cash dividends are paid on the Common Stock underlying your RSUs, and you hold the RSUs on
the dividend record date, the RSU will accrue additional whole or fractional RSUs equal to the
number of shares of the underlying Common Stock the dividend would buy at the fair market value of
the stock on the dividend payment date. These additional shares of Common Stock are subject to
delivery at the later of the dividend payment date or at the same time as the shares of Common Stock that underlie this Award
originally are payable under the RSU.

 

 

6. Transfer of RSUs and Designation of Beneficiaries

     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 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.

7. Plan Terms

     All capitalized terms used in this Evidence of Award and the Plan Information Statement have
the same meaning as those terms have in the Plan. You hereby acknowledge having read the Plan
Information Statement associated with this Award. The terms of that information statement and the
Plan are hereby incorporated by this reference. A copy of the Plan will be furnished upon request.

8. 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 Internal Revenue 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.

9. Amendment

     This Evidence of Award 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 Evidence of Award may not be materially
impaired by any amendment or termination of the Plan approved after the Date of Grant without your
written consent.

10. 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 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.

11. Governing Law

     This Evidence of Award will be governed by the laws of the State of Kansas.

12. Severability

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

     13. Entire Agreement

 

 

     This Evidence of Award contains the entire understanding of the parties. This Evidence of
Award may not be modified or amended except in writing duly signed by the parties, except that we
may adopt a modification or amendment to the Evidence of Award that is not materially adverse to
you. Any waiver or any right or failure to perform under this Evidence of Award must be in writing
signed by the party granting the waiver and will not be deemed a waiver of any subsequent failure
to perform.

	 	 	 	 	 
	 	Sprint Nextel Corporation

 	 
	 	By:  	 	 
	 	 	 	 
	 	 	 	 
	 

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

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