Document:

2014 - Q4 - 12.31.2014 - Ex 10.12.3

EXHIBIT 10.12.3

WALTER ENERGY, INC.
2014 LONG-TERM INCENTIVE PLAN
 
RESTRICTED STOCK UNIT AGREEMENT
(Non-Employee Directors)
 

THIS AGREEMENT (the “Agreement”), is made effective as of the date set forth on the signature page (the “Signature Page”) attached hereto (the “Date of Grant”), between Walter Energy, Inc., a Delaware corporation, or any successor thereto (the “Company”) and the participant identified on the Signature Page (the “Participant”).
R E C I T A L S:
WHEREAS, the Company has adopted the Plan (as defined below), the terms of which are incorporated herein by reference and made a part of this Agreement; and
WHEREAS, the Committee has determined that it would be in the best interests of the Company and its stockholders to grant the Restricted Stock Units (as defined in the Plan) provided for herein to the Participant pursuant to the Plan and the terms set forth herein.
NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth, the parties agree as follows: 
1.Definitions.  Whenever the following terms are used in this Agreement, they shall have the meanings set forth below.  Capitalized terms not otherwise defined herein shall have the same meanings as in the Plan.
(a)    Immediate Family Members: The term “Immediate Family Members” shall have the meaning set forth in Section 7(b) of this Agreement.
(b)    Plan: The term “Plan” shall mean the Walter Energy, Inc. 2014 Long-Term Incentive Plan, as amended from time to time.
(c)    Restricted Period: The term “Restricted Period” shall have the meaning set forth in Section 3 of this Agreement.
(d)    Retirement: The term “Retirement” shall mean a Termination by the Participant that occurs on or after the date on which the Participant attains the age of sixty-five (65) and has completed at least five (5) years of Service as a Non-Employee Director.
(e)    Service: The term “Service” shall mean the Participant’s services as a Non-Employee Director.
(f)    Share: The term “Share” shall mean a share of Common Stock, subject to adjustment as set forth in the Plan.
(g)    Termination Date: The term “Termination Date” shall mean the date upon which the Participant incurs a Termination for any reason.
2.    Grant of Restricted Stock Units.  Subject to the terms and conditions of the Plan and the additional terms and conditions set forth in this Agreement, the Company hereby grants to the Participant the number of Restricted Stock Units set forth on the Signature Page, subject to adjustment as set forth in the Plan.  The Restricted Stock Units shall vest and settle in accordance with Sections 3 and 4 hereof.

        

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3.    Restricted Period.
(a)    Vesting.  The Restricted Stock Units granted hereunder shall be restricted during the period (the “Restricted Period”) commencing on the Date of Grant and, subject to the Participant’s continued Service, expiring with respect to one-third (1/3) of the Restricted Stock Units on each of the first, second and third anniversaries of the Date of Grant; provided, that if the Restricted Stock Units are not evenly devisable by three, then no fractional units shall vest and the installments shall be as equal as possible with any smaller installments vesting first.
(b)    Change in Control.  Notwithstanding anything to the contrary herein, in the event of a Change in Control prior to the Termination Date, the Restricted Period shall expire with respect to 100% of the Restricted Stock Units.
(c)    Termination of Service.  If the Participant incurs a Termination for any reason, the Restricted Stock Units shall, to the extent not then vested or previously forfeited, immediately be forfeited without any further action by the Company or the Participant, and without any payment of consideration therefor; provided, however, that if the Participant incurs a Termination due to death, Disability or Retirement, in each case, the Restricted Period shall expire with respect to 100% of the Restricted Stock Units.
4.    Settlement of Restricted Stock Units.  Upon expiration of the Restricted Period with respect to any outstanding Restricted Stock Units that have not previously been forfeited in accordance with Section 3(c), the Company shall issue to the Participant as soon as practicable (but no later than March 15 of the year following the year in which the Restricted Period expires) one Share for each Restricted Stock Unit and such Restricted Stock Unit shall be cancelled; provided, however, that the Committee may, in its sole discretion, elect to (i) pay cash or part cash and part Shares in lieu of issuing only Shares in respect of such Restricted Stock Units or (ii) defer the issuance of Shares (or cash or part Shares and part cash, as the case may be) beyond the expiration of the Restricted Period if such extension would not cause adverse tax consequences under Section 409A of the Code.  If a cash payment is made in lieu of issuing Shares, the amount of such payment shall be equal to the Fair Market Value of the Shares as of the date on which the Restricted Period lapsed with respect to such Restricted Stock Units.
5.    Rights as a Stockholder; Book Entry.  The Participant shall not have any rights of a common stockholder of the Company unless and until the Participant receives and becomes the record holder of the Shares pursuant to Section 4 above.  The Company shall recognize the Participant’s ownership of Shares through uncertificated book entry. Upon delivery to the Participant of the Shares pursuant to Section 4, the Participant’s name shall be registered and recorded in the stock transfer book and records maintained by the Company or a transfer or clearing agent designated by the Company.
		
	6.
	Legend on Certificates.  Subject to applicable law, the certificates, if any, representing the Shares issued pursuant to Section 4 above shall be subject to such stop transfer orders and other contractual restrictions as the Committee may deem advisable under the Plan or the rules, regulations, and other requirements of the Securities and Exchange Commission, any stock exchange upon which such Shares are listed or quoted or market to which the Shares are admitted for trading and, any applicable federal or state or any other applicable laws, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such contractual restrictions.

7.    Transferability.
(a)    The Restricted Stock Units may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Participant other than by will or by the laws or descent and distribution and any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable against the Company or any Affiliate; provided, that the designation of a beneficiary shall not constitute an assignment, alienation, pledge, attachment, sale, transfer or encumbrance.

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(b)    Notwithstanding the foregoing and subject to Section 14(b) of the Plan, the Restricted Stock Units may be transferred to: (i) any person who is a “family member” of the Participant, as such term is used in the instructions to Form S-8 under the Securities Act or any successor form of registration statement promulgated by the Securities and Exchange Commission (collectively, the “Immediate Family Members”); (ii) a trust solely for the benefit of the Participant and his or her Immediate Family Members; (iii) a partnership or limited liability company whose only partners or stockholders are the Participant and his or her Immediate Family Members; or (iv) a beneficiary to whom donations are eligible to be treated as “charitable contributions” for federal income tax purposes; provided, that the Participant gives the Committee advance written notice describing the terms and conditions of the proposed transfer and the Committee notifies the Participant in writing that such a transfer would comply with the requirements of the Plan.
8.    Withholding.
(a)    The Participant shall be required to pay to the Company or any Affiliate, and the Company shall have the right and is hereby authorized to withhold, from any Shares or from any compensation (including from any other amounts payable to the Participant) the amount (in cash, Shares, or other property) of any required withholding or other taxes in respect of a Restricted Stock Unit award, and to take such other action as may be necessary in the opinion of the Committee or the Company to satisfy all obligations for the payment of such withholding and other taxes; provided, however, that no amounts shall be withheld in excess of the Company’s statutory minimum withholding liability.  
(b)    Without limiting the generality of the foregoing, to the extent permitted by the Committee, the Participant may, subject to applicable law, satisfy, in whole or in part, the foregoing withholding liability by delivery of Shares held by the Participant (which are fully vested and not subject to any pledge or other security interest) or by having the Company withhold from the number of Shares otherwise issuable to the Participant hereunder Shares with a Fair Market Value not in excess of the statutory minimum withholding liability.  The Participant agrees to make adequate provision for any sums required to satisfy all applicable federal, state, local and foreign tax withholding obligations of the Company which may arise in connection with this Restricted Stock Unit award.
9.    Securities Laws.  Upon the expiration of the Restricted Period with respect to any Restricted Stock Units and the issuance of Shares pursuant to Section 4, the Participant will make or enter into such written representations, warranties and agreements as the Committee may reasonably request in order to comply with applicable securities laws, the Plan or with this Agreement.
10.    Notices.  Any notice necessary under this Agreement shall be addressed to the Company in care of its General Counsel, addressed to the principal office of the Company and to the Participant at the address appearing in the personnel records of the Company for the Participant or to either party at such other address as either party hereto may hereafter designate in writing to the other.  Any such notice shall be deemed effective upon receipt thereof by the addressee.
11.    Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware without regard to conflicts of laws.
12.    Restricted Stock Units Subject to Plan.  The Participant acknowledges that the Participant has received and read a copy of the Plan.  The Restricted Stock Units granted hereunder are subject to the terms and provisions of the Plan, as may be amended from time to time, and which are hereby incorporated by reference.  In the event of a conflict between any term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail.
13.    Amendment. Subject to Section 13(b) of the Plan, the Committee may waive any conditions or rights under, amend any terms of, or alter, suspend, discontinue, cancel or terminate, this Agreement, prospectively or retroactively (including after the Participant’s Termination); provided that any such waiver, amendment, alteration, suspension, discontinuance, cancellation or termination that would materially and adversely 

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affect the rights of the Participant hereunder shall not to that extent be effective without the consent of the Participant.
14.    Entire Agreement.  This Agreement and the Plan constitute the entire understanding between the Participant and the Company regarding the Restricted Stock Units.  This Agreement and the Plan supersede any prior agreements, commitments or negotiations concerning the Restricted Stock Units.
15.    Signature in Counterparts. This Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.
N WITNESS WHEREOF, the parties have caused this Agreement to be effective as of the date set forth on the Company’s signature page.

Participant 
 

 
Name: 

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Agreed and accepted:
WALTER ENERGY, INC. 
 
 
 
                         
By: 
Its:

Dated: ______________1 

	
		
	Restricted Stock Units
	[●]

	
					
	 1Insert Grant Date
	 
	 
	 
	 

043235-0074-10943-Active.15360511.6EX-10.1

 Exhibit 10.1 

AMENDMENT NO. 2 TO 

EMPLOYMENT AGREEMENT 

between 
 T-Mobile US,
Inc., (the “Company”) 
 and 

John Legere (the “Executive”) 

Dated February 25, 2015 

 WITNESSETH: 

WHEREAS, Executive entered into an Employment Agreement with T-Mobile USA, Inc., a wholly-owned subsidiary of the Company, dated and effective as of
September 22, 2012, which was subsequently amended by an amendment agreement between the Company and the Executive dated October 23, 2013 (the “Employment Agreement”); and 

WHEREAS, the parties wish to amend the Employment Agreement as set forth in this instrument (the “Amendment”) to (i) extend the original term
of the Employment Agreement by two years and (ii) reflect changes to the Company’s incentive compensation practices. 
 NOW THEREFORE, in
consideration of the promises and the mutual covenants hereinafter set forth, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: 

 

	1.	Extension of the Original Term 

 The first sentence of paragraph 2 of the Employment Agreement is amended
effective as of the date hereof to read as follows: 
 “The term of the Executive’s employment with the Company under this
Agreement shall commence on the Effective Date and continue to the fifth anniversary of the Effective Date (the “Original Term”) and renew and be automatically extended for successive one-year terms (each, a “Renewal Term”)
unless notice of non-renewal is given by either party to the other party at least ninety (90) days prior to the end of the Original Term or any Renewal Term.” 
  

	2.	Amendment Related to Base Salary 

 The first sentence of paragraph 3(a) of the Employment Agreement is
amended effective as of the date hereof to read as follows: 
 “The Executive shall be paid a base salary at an annual rate of
$1,500,000, which salary shall be earned and payable at such intervals in conformity with the Company’s prevailing practice as such practice shall be established or modified from time to time.” 

 

	3.	Amendment Related to Annual Performance Bonus 

 Paragraph 3(b) of the Employment Agreement is amended in
its entirety effective as of the date hereof to read as follows: 
  

	 	“(b)	Annual Performance Bonus. For each fiscal year of the Company during the Term beginning on or after January 1, 2015, the Executive shall have the opportunity to earn an annual lump sum cash performance bonus
targeted at not less than $3,000,000, with a maximum award equal to 200% of the target, to be determined annually by the Committee based on performance goals established by the Committee in accordance with standard Company practices after
consultation with the Executive. Such performance goals shall be 

	 	
established by the Committee generally by no later than March 31 of the applicable performance year. Payment of any performance bonus earned for a year shall be subject to the terms and
conditions of the applicable bonus plan and made after the Committee determines performance results and at the same time as annual performance bonuses are paid to other senior managers of the Company, generally as soon as practicable following
completion of the applicable performance year (but not later than March 15 of the year following the applicable performance year). Notwithstanding the foregoing, for 2012, the annual performance bonus shall be a guaranteed cash payment amount
equal to $415,068, shall not be subject to specific performance goals, and shall be payable on or before March 15, 2013. Except as otherwise expressly provided by paragraph 5 below, the Executive must remain continuously employed with the
Company through the applicable bonus payment date in order to earn the right to payment of the bonus, and any termination of employment before such bonus payment date shall result in cancellation of any right or entitlement to any such bonus.
Notwithstanding any provision herein to the contrary but subject to the provisions of paragraph 5 below, annual performance bonus awards made after April 30, 2013 shall be under, and subject to the terms of, the Incentive Plan, including
provisions regarding treatment of any outstanding awards in connection with a Change in Control, which terms shall be no less favorable than applicable to all other Executive-Level Employees of the Company.” 

 

	4.	Amendments Related to Long-Term Incentive Awards 

 The last sentence of Paragraph 3(c) of the Employment
Agreement is replaced in its entirety by the following two sentences effective as of the date hereof: 
 “To the extent that a Legacy
LTIP Award (as defined in paragraph 5(a)(iii) below) otherwise provides for payment of amounts upon the occurrence of a Change in Control Event in advance of the normal payment date and without regard to a termination of employment (“LTIP
Single Trigger Payment Provisions”), then, except with respect to LTIP performance periods that have ended prior to the date of the Change in Control Event (in which case this sentence shall be inapplicable), (i) the LTIP Single Trigger
Payment Provisions for the Legacy LTIP Award shall be disregarded with respect to the Executive, (ii) outstanding Legacy LTIP Awards with unexpired performance periods as of the date of the Change in Control Event shall remain outstanding,
(iii) the Company (or its successor) shall make equitable adjustments to the applicable performance goals for such awards, and (iv) the applicable awards shall be paid on the dates they would have been paid as provided above had no such
Change in Control Event occurred, unless the Executive’s termination of employment has occurred prior to such date, in which case the amount payable with respect to such Legacy LTIP Awards shall be determined and paid in accordance paragraph 5
below. Notwithstanding the preceding provisions of this paragraph 3(c), and without limitation upon the Executive’s rights under LTIP or Incentive Plan awards granted prior to 2015, for each calendar year during the Term beginning on or after
January 1, 2015, the Company shall provide the Executive with a long-term incentive award or awards under the Incentive Plan, in such form and on such terms as the Committee may determine that are no less favorable than applicable to the
Company’s other 

  
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Executive-Level Employees, in an aggregate target value on the grant date of not less than $12,000,000. For the avoidance of doubt, (x) the mix of such awards may be different for the
Executive than for other Executive-Level Employees and (y) Good Reason as provided under paragraph 4(d)(i) below shall not be triggered if the Company complies with the preceding sentence. The Company shall cause the performance-vesting
restricted stock unit award granted to the Executive on June 10, 2013, which is otherwise scheduled to vest on December 31, 2015 subject to performance results, to be paid to the Executive on December 31, 2015 (and included in the
Executive’s taxable wages for 2015), to the extent earned based on performance and subject to the other vesting terms and conditions of such award.” 
  

	5.	Amendment Related to Business Expenses 

 The first sentence of paragraph 3(f) of the Employment Agreement
is amended effective as of the date hereof to read as follows: 
 “The Executive shall be reimbursed, in a manner consistent with the
policies of the Company, for all reasonable business expenses incurred in the performance of Executive’s duties pursuant to this Agreement, to the extent such expenses are substantiated in writing, and are consistent with the general policies
of the Company relating to the reimbursement of expenses of Executive-Level Employees of the Company.” 
  

	6.	Compensation Recoupment Policy 

 The following paragraph (i) is added to the end of paragraph 3 of
the Employment Agreement effective as of the date hereof: 
  

	 	“(i)	Compensation Recoupment Policy. The Executive acknowledges and agrees that any incentive compensation provided by the Company to the Executive under this Agreement or otherwise may be subject to recovery by the
Company under and in accordance with the Company’s Executive Incentive Compensation Recoupment Policy as adopted October 30, 2014, as the same may be amended from time to time.” 

 

	7.	Amendments Related to Tax Assistance 

 The following paragraph (j) is added to the end of paragraph
3 of the Employment Agreement effective as of the date hereof: 
  

	 	“(j)	 Valuation and Tax Advice. Promptly following the execution of Amendment No. 2 to the Agreement, and thereafter, whether before or after
the Executive’s termination of employment from the Company, in the event that any payments or benefits from the Company to the Executive are or may become subject to excise taxes under Section 4999 of the Code, within 20 days after
receiving a request for such assistance from the Executive, the Company’s current independent public accounting firm, or such other nationally recognized public accounting firm as the parties may mutually agree, may be engaged by the Executive
to provide valuation and tax advice to the Executive with respect to payments and benefits that are or may become payable under this Agreement in the event of a Change in Control. Such advice

  
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shall include the provision of a report showing the amount of such excise taxes that may become payable by or on behalf of the Executive, along with detailed supporting calculations. All fees and
expenses of such accounting firm shall be borne by the Company.” 

  

	8.	Amendments Related to the Termination Provisions for LTIP Awards 

  

	(a)	Paragraph 5(a)(iii) of the Employment Agreement is amended effective as of the date hereof to read as follows: 

  

	 	“(iii)	Any earned, vested but unpaid Tranche Vesting portion of any LTIP award made before April 30, 2013 (a “Legacy LTIP award”) for any prior calendar year, payable in a single lump sum as soon as practicable
(but not more than sixty (60) days) after the Termination Date; plus” 

  

	(b)	Paragraphs 5(b)(v) through (vii) of the Employment Agreement are amended effective as of the date hereof to read as follows: 

  

	 	“(v)	The amount of any Tranche Vesting or Cliff Vesting portion of any Legacy LTIP award that was earned based on performance for the last completed year or last completed performance period, as applicable, preceding the
Termination Date that is unpaid as of the Termination Date, irrespective of whether the Executive is employed on the normal payment date; plus 

  

	 	(vi)	A pro rata portion of any Tranche Vesting portion of any Legacy LTIP award being earned based on performance for the year in which the Termination Date occurs, at target and based on the number of days in the year
through the Termination Date divided by 365; plus 

  

	 	(vii)	A pro rata portion of any Cliff Vesting portion of any Legacy LTIP award being earned for a performance period in which the Termination Date occurs, at target and based on the number of days in the performance period
through the Termination Date divided by 1,095; plus” 

  

	(c)	The following paragraph 5(b)(viii) is added to the Employment Agreement effective as of the date hereof: 

  

	 	“(viii)	For any LTIP or other equity awards made after April 30, 2013 under the Incentive Plan, and unless the applicable award agreement provides better treatment, (A) for any outstanding award that is not subject to
any performance vesting condition as of the Termination Date, pro rata vesting of the outstanding award as of the Termination Date (which would include vesting of the next scheduled vesting tranche for awards vesting annually), and (B) for any
outstanding award that is subject to any performance vesting condition as of the Termination Date, pro rata vesting based on the portion of the applicable performance period completed through the Termination Date and subject to adjustment for actual
performance results for the performance period, payable following the performance period at the same time such performance-based awards are payable to other employees whose employment was not terminated.” 

  
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	(d)	The proviso in the last paragraph of paragraph 5(b) of the Employment Agreement is amended effective as of the date hereof to read as follows: 

“.... provided (A) the Executive is then in compliance with his ongoing obligations to the Company set forth in the Restrictive
Covenant and Confidentiality Agreement referenced in paragraph 6 below, (B) the amount payable under clause (iv) for performance during 2014 or any later year shall be made at the same time other annual performance bonuses are paid to
executives after a determination of performance results by the Committee (but no later than the 15th day of the third calendar month following the end of the applicable fiscal year), and (C) the amount for performance-based LTIP or other equity
awards that are earned based on performance as described in clause (viii) above shall be payable at such time as provided in clause (viii).” 
  

	(e)	Paragraphs 5(c)(v) through (viii) of the Employment Agreement are amended effective as of the date hereof to read as follows: 

  

	 	“(v)	The amount of any Tranche Vesting or Cliff Vesting portion of any Legacy LTIP award that was earned based on performance for the last completed year or last completed performance period, as applicable, preceding the
Termination Date that is unpaid as of the Termination Date, irrespective of whether the Executive is employed on the normal payment date; plus 

  

	 	(vi)	A pro rata portion of any Tranche Vesting portion of any Legacy LTIP award being earned based on performance for the year in which the Termination Date occurs, at target and based on the number of days in the year
through the Termination Date divided by 365; plus 

  

	 	(vii)	A pro rata portion of any Cliff Vesting portion of any Legacy LTIP award being earned for a performance period in which the Termination Date occurs, at target and based on the number of days in the performance period
through the Termination Date divided by 1,095; plus 

  

	 	(viii)	The difference between (A) the full amount, at target, of any Tranche Vesting or Cliff Vesting portions of outstanding Legacy LTIP awards that have not yet become earned based on performance as of the Termination
Date minus (B) the amounts payable under clauses (vi) and (vii) above, plus” 

  

	(f)	The following paragraph 5(c)(ix) is added to the Employment Agreement effective as of the date hereof: 

  

	 	“(ix)	For any LTIP or other equity awards made after April 30, 2013 under the Incentive Plan, vesting of any outstanding awards for a Change in Control-related termination of employment shall be determined under and in
accordance with the terms of the Incentive Plan and applicable award agreement, which terms shall be no less favorable than applicable to all other Executive-Level Employees of the Company; provided, however, that for any such award granted after
January 1, 2014, the payout shall not be less than target for any performance-vesting award that is assumed, converted or replaced in the Change in Control if the Executive remains employed with the Company through the end of the applicable
performance period” 

  
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	(g)	The proviso in the last paragraph of paragraph 5(c) of the Employment Agreement is amended effective as of the date hereof to read as follows: 

“... provided, however, that (A) in case of a Termination Date that occurs during the Protected Period but before
the consummation of the Change in Control Event, the amount set forth in clause (iv) above for performance during 2014 or any later year shall not be paid until the earlier of (I) within ten days following the consummation of the Change in
Control Event or (II) the time when other annual performance bonuses are paid to executives after a determination of performance results by the Committee (but no later than the 15th day of the third calendar month following the end of the applicable
fiscal year), (B) the amount set forth in clause (viii) above shall not be paid prior to the consummation of the Change in Control Event and shall be paid within ten days of the consummation of the Change in Control Event, and (C) the
amount payable for LTIP and other equity awards under clause (ix) above shall be payable at such time as specified in the Incentive Plan and applicable award agreement. If the Change in Control Event is not consummated, the amount set forth in
clause (viii) above shall not be paid and shall be forfeited.” 
  

	(h)	Paragraphs 5(d)(iv) and (v) of the Employment Agreement are amended effective as of the date hereof to read as follows: 

  

	 	“(iv)	The amount of any Tranche Vesting or Cliff Vesting portion of a Legacy LTIP award that was earned based on performance for the last completed year or last completed performance period, as applicable, preceding the
Termination Date that is unpaid as of the Termination Date; plus 

  

	 	(v)	The payment for certain outstanding Legacy LTIP awards in accordance with, and subject to, the provisions of Section 4.7 of the LTIP; plus” 

 

	(i)	The following paragraph 5(d)(vi) is added to the Employment Agreement effective as of the date hereof: 

  

	 	“(vi)	For any LTIP or other equity awards made after April 30, 2013 under the Incentive Plan, vesting of any outstanding awards shall be determined under and in accordance with the terms of the Incentive Plan and
applicable award agreement, which terms shall be no less favorable than applicable to all other Executive-Level Employees of the Company.” 

  

	(j)	Paragraph 5(g)(iii) of the Employment Agreement is re-designated as paragraph 5(g)(v), and the following new paragraphs 5(g)(iii) and (iv) are added to the Employment Agreement, all effective as of the date hereof:

  

	 	“(iii)	“Executive-Level Employee” means an “executive officer” of the Company (as defined in Rule 16a-1(f) under the Securities Exchange Act of 1934). 

  
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	 	(iv)	“Incentive Plan” means the T-Mobile US, Inc. 2013 Omnibus Incentive Plan, as in effect from time to time (and any successor plan thereto).” 

 

	9.	Amendments Related to Extension of Non-Compete 

 The following new sentence is added at the end of
paragraph 6 of the Employment Agreement as a new final sentence, which shall also be treated as an amendment to the Restrictive Covenant and Confidentiality Agreement executed by the Executive on September 27, 2012, all effective as of the date
hereof: 
 “Notwithstanding any other provision of the Restrictive Covenant and Confidentiality Agreement to the contrary, the duration
of the post-termination “Restricted Period” as defined in the first sentence of paragraph 4 of such Agreement is increased from one year to two years and the last sentence of paragraph 4 of such Agreement is deleted.” 

 

	10.	No Other Changes 

 Except as expressly or by necessary implication amended hereby, the Employment
Agreement shall remain in full force and effect. 

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

T-Mobile US, INC. 
  

			
	By:		 /s/ Larry L. Myers

	Name:		Larry L. Myers
	Title:		Executive Vice President, Human Resources
	
	Executive
	
	 /s/ John Legere

	John Legere

 SIGNATURE PAGE FOR AMENDMENT NO. 2 

TO EMPLOYMENT AGREEMENT 
 DATED
FEBRUARY 25, 2015

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