Document:

Form of Officer Cash Performance Award Agreement

 Exhibit 10.2 
 

 
 OFFICER CASH PERFORMANCE AWARD AGREEMENT 
 THIS OFFICER CASH PERFORMANCE AWARD AGREEMENT (this “Agreement”) is entered into as of
                         by and between MetroPCS Communications, Inc., a Delaware corporation (“Company”), and
                         (“Employee”) in connection with Employee’s service to the Company as
                            , and grants to Employee a performance award as set forth below (the
“Award”) pursuant to the Amended and Restated MetroPCS Communications, Inc. 2004 Equity Incentive Compensation Plan (as amended and in effect from time to time, the “Plan”) and is subject to the provisions of the
Plan, which are incorporated by reference and made a part of this Agreement, as well as the provisions of this Agreement. By acceptance of the Award, Optionee agrees to be bound by all of the terms, provisions, conditions and limitations of the Plan
and this Agreement. For purposes of this Agreement, “Employment” or “Employed” means employment in the position indicated in this paragraph, and does not include employment at any other position in the Company. All capitalized
terms have the meanings set forth in the Plan unless otherwise specifically provided. 
  

	 	1.	Plan Framework 

 (a)            The Award will be allocated based on business unit financial performance and individual performance on position objectives and individual effectiveness. Performance
bonus criteria and target awards approved by the Company’s board of directors for fiscal year 2009 are provided in the chart below. 
  

							
	         2009 Cash Performance Award Target Opportunity *
	 	        %                              
  
				
	 2009 Measures
  
	  	  	  	 STIP Metric Adj.
 Weightings
	 	 Allocation between Company
 and Individual Performance

	Company/team Performance	  	 •       Gross
Margin
	  	30.0%	 	  
 70%

	  	 •       Adjusted EBITDA per
average subscriber
	  	25.0%	 
	  	 •       Net Subscriber
Additions
	  	20.0%	 
	  	 •       Capital
expenditures per ending subscriber
	  	15.0%	 
	  	 •       Discretionary
	  	10.0%	 
	 Individual Performance
	  	 	 	30%

     * Target and maximum levels of performance will be set using the
following criteria: 
 ü Achieving target performance - 0% to 100%
payout                üAchieving maximum performance - 0% to 200% payout 
 (b)            The performance period for the award begins on January 1, 2009 and ends
on December 31, 2009 (the “Performance Period”). 

 (c)            The Award, if awarded, will be
paid in cash the year following the Performance Period (but in no event later than March 15 following the end of the Performance Period). 
 (d)            The Company reserves the right to change its benefits and the Award allocation formula at any time without notice. 
  

	 	2.	Eligibility 

 (a)            Employee must be actively employed by the Company on the last day of the Performance Period to be eligible for the Award (if awarded). If Employee is not actively
Employed (or otherwise employed) by the Company on the last day of the Performance Period, Employee forfeits, and shall not be entitled to or otherwise eligible for, the Award. 
 (b)            If Employee commenced Employment after October 31 of the Performance
Period, then Employee is ineligible to receive, and the Company need not pay, the Award. 
  

	 	3.	Proration 

 (a)            If Employee began Employment with the Company after the first day of the Performance Period but before October 31 of the Performance Period, the Award will be
pro-rated as described below, provided Employee has satisfied the other terms of this Agreement. 
 (b)            Pro-ration will be calculated in whole month increments, with the pro-rated Award equal to the total Award multiplied by a fraction, the numerator of which will be
equal to the total number of months in the Performance Period in which the Employee was actively Employed with the Company and the denominator of which will be twelve. 
 (c)            If Employee began Employment with the Company on or before the fifteenth day of a calendar month, the Employee will be credited with service
for that calendar month. 
 (d)            If Employee began Employment with the
Company after the fifteenth day of a calendar month, Employee will not be credited with service for that calendar month. 
  

	 	4.	Leaves of Absence 

 (a)            If Employee goes on or continues an approved Company leave of absence for 30 consecutive days or less during the Performance Period, the Employee will be considered
continually Employed with the Company for the purposes of the Award and this Agreement. 
 (b)            If Employee goes on or continues an approved Company leave of absence for more than 30 consecutive days during the Performance Period, the Employee is eligible for a
pro-rated Award calculated as described in Section 3 hereto, provided Employee has satisfied the other terms of this Agreement. 
  

 2 

	 	5.	Repayments 

 (a)            In accordance with Company Policy HR225, Return of Incentive Pay, the Company may make an adjustment or recovery of the Award if performance measures upon which the
Award is based are materially restated or otherwise materially adjusted (collectively, a “Restatement”) within 12 months of payment in a manner that would have materially reduced the size of the Award at the time of payment.

 (b)            If a Restatement results from an intentional misrepresentation
or other misconduct on the part of Employee, the Company may recover any material portion of incentive awards or payments based upon the misrepresentation of financial information or misconduct from those employees responsible. 
  

	 	6.	Award Not Exclusive 

 Receipt by Employee of
the Award does not preclude the Company from making any other award to Employee under the Plan or any other compensation plan for which the Employee is eligible. 
  

	 	7.	No Guarantee of Employment 

 Neither this
Agreement nor Award confers upon Employee any right with respect to continuance of employment or other service with Company or any of its affiliates, nor shall it interfere in any way with any right the Company or any of its affiliates would
otherwise have to terminate such Employee’s employment or other service at any time. 
  

	 	8.	Taxes 

 (a)            Company has the right to make deductions from the Award in an amount sufficient to satisfy withholding of any federal, state or local taxes required by law and may
take such other action as may be necessary or appropriate to satisfy any such tax withholding obligations. 
 (b)            Company makes no commitment or guarantee that any federal or state tax treatment will apply or be available to Employee in connection with the Award. 
  

	 	9.	Severability 

 In the event that any
provision of this Agreement or the Award is held illegal, invalid, or unenforceable for any reason, such provision shall be fully severable, but will not affect the remaining provisions of this Agreement and the Award, and this Agreement and the
Award shall be construed and enforced as if the illegal, invalid, or unenforceable provision had never been included herein or therein. 
  

 3 

	 	10.	Assignment 

 This Agreement and all of its
terms, covenants and conditions shall inure to the benefit of and shall be binding upon the undersigned parties, and may not be assigned by Employee without the written consent of the Company. 
  

	 	11.	Amendment and Waiver 

 This Agreement may
only be amended, superseded, canceled, renewed or extended, by a written instrument signed by each of the parties or, in the case of a waiver, by the party or parties waiving compliance. No delay on the part of any party in exercising any right,
power or privilege under this Agreement will operate as a waiver of such right, power or privilege, nor will any waiver on the part of any party of any right, power or privilege, nor any single or partial exercise of any such right, power or
privilege preclude any further exercise such right, power or privilege or the exercise of any other such right, power or privilege. 
  

	 	12.	Entire Agreement 

 This Agreement, together
with the Plan, constitutes the entire agreement among the parties and supersedes all other prior or contemporaneous agreements, arrangements, undertakings and understandings, both written and oral, among the parties to this Agreement. 
  

	 	13.	Governing Law: Venue 

 This Agreement, the
Plan and the Award and the rights and obligations of the parties hereunder and thereunder will be governed, construed and enforced in accordance with the laws of the State of Texas, without regard to principles of conflicts of laws. Any legal action
or proceeding brought by any party arising out of or relating to this Agreement, the Plan or the Award must be brought in state or federal courts sitting in Dallas County, Texas. Each party submits to the exclusive jurisdiction of the state and
federal courts sitting in Dallas County, Texas for all legal actions and proceedings arising out of or relating to this Agreement, the Plan or the Award. 
  

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 IN WITNESS WHEREOF, the parties have duly executed this Agreement as of the date first written above.

  

			
	EMPLOYEE:
	
	  

	Name:	 	
	Title:	 	
	
	COMPANY:
	
	METROPCS COMMUNICATIONS, INC.
	
	  

	By:	 	
	Its:	 	

 2009 Performance Award document 
  

 5Amendment to Class A Warrant Agreement

 Exhibit 10.72 
 AMENDMENT 
 TO 
 CLASS A WARRANT AGREEMENT 
 This Amendment to the Class A Warrant Agreement dated
December 13, 2006 (the “Agreement”) is made as of May     , 2009 by and between Middle Kingdom Alliance Corporation (the “Company”) and Continental Stock Transfer & Trust Company (“Warrant
Agent”). 
 WHEREAS, the Company and Warrant Agent are parties to the Agreement; 
 WHEREAS, the Company completed an offering of its securities on December 13, 2006 pursuant to which it issued, among other securities, Class A
warrants pursuant to the terms of the Agreement; 
 WHEREAS, the prospectus included in the registration statement pursuant to which the
Class A warrants were issued (the “Prospectus”) stated that if no registration statement is effective permitting the sale of the shares of common stock underlying the Class A warrants, that the Class A warrants may be
exercised on a cashless basis commencing one year after such warrants are initially exercisable; 
 WHEREAS, the parties inadvertently failed
to include the foregoing provision in the Agreement; and 
 WHEREAS, the Company and Warrant Agent desire to amend the terms and conditions
contained in the Agreement to reflect the terms in the Prospectus. 
 NOW THEREFORE, in consideration of the mutual covenants and agreements
contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and Warrant Agent agree as follows. 
  

	1.	Section 3.3.1 of the Agreement is hereby amended to add the following sentence to the end of the current section: 

 “Notwithstanding the foregoing, at any time commencing one year after the commencement of the Exercise period, if no registration statement is
effective permitting the sale of the shares of Common Stock underlying the Warrants, the Warrants may be exercised on a “cashless” basis.” 
 IN WITNESS WHEREOF, the parties have duly executed this Amendment to the Class A Warrant Agreement as of the date first written above. 
  

			
	 CONTINENTAL STOCK TRANSFER & TRUST COMPANY,
 as Trustee

		
	By:	 	  

	Name:	 	Steven G. Nelson
	Title:	 	Chairman
	
	MIDDLE KINGDOM ALLIANCE CORPORATION
		
	By:	 	  

	Name:	 	Bernard J. Tanenbaum III
	Title:	 	Chief Executive Officer

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