Document:

<PAGE>

                                                                   Exhibit 10(j)

                    MANAGEMENT INCENTIVE STOCK OPTION PLAN

1.   Establishment and Purpose. Sprint Corporation, a Kansas corporation (the
     "Company"), hereby establishes a stock option plan to be named the
     Management Incentive Stock Option Plan (the "Plan") The purpose of the Plan
     is to permit employees of the Company and its subsidiaries who are eligible
     to receive annual incentive compensation to receive nonqualified stock
     options in lieu of a portion of the target incentive under the Company's
     management incentive plans ("MIPs"), thereby encouraging the employees to
     focus on the growth and profitability of the Company and the performance of
     its common stock. Subject to approval of the Company's stockholders, the
     Plan provides for options to be granted beginning March 15, 1995, and
     ending April 18, 2005. Stock options granted prior to or as of April 18,
     2005, may extend beyond that date.

2.   Administration. The Plan shall be administered by the Organization and
     Compensation Committee of the Board of Directors (the "Committee"). The
     Company shall grant options under the Plan in accordance with
     determinations made by the Committee pursuant to the provisions of the
     Plan. The Committee from time to time may adopt (and thereafter amend and
     rescind) such rules and regulations for carrying out the Plan and take such
     action in the administration of the Plan, not inconsistent with the
     provisions of the Plan, as it shall deem proper. The Committee may correct
     any defect, supply any omission or reconcile any inconsistency in the Plan,
     or in any option or restricted shares of common stock granted or issued
     pursuant to the Plan, in the manner and to the extent it shall deem
     desirable to effect the terms of the Plan. With respect to any option or
     restricted stock issued under the Plan, the Committee may determine when
     the option may become exercisable or the restrictions on restricted stock
     shall lapse, as the case may be, whenever, in the judgement of the
     committee, doing so would be in the best interest of the Corporation. The
     interpretation and construction of any provisions of the Plan by the
     Committee shall, unless otherwise determined by the Board of Directors of
     the Company, be final and conclusive. No member of the Board of Directors
     or the Committee shall be liable for any action or determination made in
     good faith with respect to the Plan or any option granted under it. The
     Corporate Secretary shall act as Plan Administrator carrying out the
     day-to-day administration of the Plan unless the Committee appoints another
     officer or employee of the Company as Plan Administrator.

3.   Eligibility. The Committee will determine each year whether options will be
     granted in such year, whether participation will be elective or automatic,
     which class or classes of common stock will be subject to purchase by
     participants (which may different for different groups of employees) and
     the amount of incentive compensation to be given up for each stock option.
     Any salaried employee of the Company and its subsidiaries shall be eligible
     to be selected for participation in the MIPs. The Committee will, in its
     discretion, determine the employees who participate in the MIPs and,
     therefore, who will be eligible for
<PAGE>

     options, the dates on which options shall be granted, and any conditions on
     the exercise of the options.

     No option may be granted to any individual who immediately after the option
     grant owns directly or indirectly stock possessing more than five percent
     (5%) of the total combined voting power or value of all classes of stock of
     the Company or any subsidiary.

4.   Common Stock Subject to the Plan. The shares of any class of publicly
     traded common stock of the Company to be issued upon the exercise of a
     nonqualified option to purchase such common stock granted in lieu of MIP
     payout may be made available from the authorized but unissued common stock
     of the Company, shares of common stock held in the treasury, or common
     stock purchased on the open market or otherwise.

     Approval of the Plan by the Stockholders of the Company shall constitute
     authorization to use such shares for the Plan subject to the discretion of
     the Board or as such discretion may be delegated to the Committee.

     Subject to the provisions of the following paragraph, the total number of
     shares for which options may be granted under the Plan each year shall be
     0.9% of the total outstanding shares of each class of common stock of the
     Company (including, with respect to the PCS Stock, both Series 1 and Series
     2 PCS Stock) as of the first day of such year; provided, however, that such
     number shall be increased in any year by the number of shares available in
     previous years for which options have not been granted. If and when an
     option granted under the Plan is forfeited, cancelled, expired, or
     otherwise terminated without having been exercised in full, the remaining
     shares shall again become available for grant under the Plan.

     The number and kind of shares subject to the Plan may be appropriately
     adjusted by the Committee in the circumstances outlined in Section 5(k).

5.   Stock Options; Terms and Conditions. Each option will represent the right
     to purchase a specific class and number of shares of common stock of the
     Company and shall be subject to the following terms and conditions and to
     such additional terms and conditions, not inconsistent with the terms of
     the Plan, as the Committee shall deem desirable:

     a.   Consideration for and Class and Number of Options. Each option shall
          be granted in lieu of a portion of the optionee's payout under the
          MIPs or in lieu of other incentive compensation as determined by the
          Committee. The Committee shall determine the class and the number of
          shares or the manner of determining the class and number of shares
          available for each option, subject to the total number of shares
          available under the Plan for such year, and the amount or the method
          of determining the consideration to be given up by each participant in
          return for an option, taking into consideration appropriate factors in
          making such determinations, such as interest rates, volatility of the
          market price of the class of common stock of the Company and the term
          of the option; provided, however that shares

                                       2
<PAGE>

          subject to options granted to any individual employee during any
          calendar year shall not exceed a total of 1,000,000 shares of FON
          Stock (as defined in the Company's articles of incorporation) or
          500,000 shares of Series 1 PCS Stock (as defined in the Company's
          articles of incorporation). Consideration for and Class and Number of
          Options.

     b.   Participation in the Plan. Participation in the Plan may be voluntary
          or automatic, as determined by the Committee. The rules and procedures
          for voluntary participation, when applicable, shall be established and
          implemented by the Plan Administrator.

     c.   Exercise Price. Unless the Committee determines otherwise, the price
          at which each share covered by an option may be purchased shall be one
          hundred percent (100%) of the fair market value of the Company's
          common stock subject to purchase under the option on the date the
          option is granted, but in no event at a price lower than the fair
          market value of one share of such stock. Fair market value shall be
          deemed to be the average of the high and low prices of the Company's
          common stock for composite transactions as published by major
          newspapers for the date the option is granted or, if no sale of the
          Company's common stock shall have been made on that day, the next
          preceding day on which there was a sale of such stock.

     d.   Vesting. Unless the Committee determines otherwise, stock option
          grants shall provide: (i) with respect to options issued in lieu of
          annual management incentive compensation, that the total number of
          shares subject to an option shall become exercisable December 31 in
          the year of the date of grant and (ii) with respect to options issued
          in lieu of or as part of long-term incentive compensation ("LTIP
          Options") that the total number of shares subject to the option shall
          become exercisable in full on the third December 31 following the
          grant date. Unless the Committee provides otherwise, if the grantee of
          an LTIP Option terminates employment by reason of the grantee's death,
          total disability, or normal retirement (except in the case of
          mandatory retirement of any outside director, with respect to options
          outstanding at least 1 year on retirement), the LTIP Option shall
          become exercisable in full on the grantee's termination date. Unless
          the Committee provides otherwise, if the grantee of any other option
          terminates employment before the option becomes exercisable for any
          reason other than termination for good cause, the option shall be
          forfeited and any incentive compensation foregone to acquire the
          options shall be restored to the grantee as if an election to acquire
          options were not made.

     e.   Term of Option. Options shall not be exercisable after the expiration
          of ten (10) years from the date of grant.

     f.   Payment of Exercise Price. Options shall be exercisable only upon
          payment to the Company of the full purchase price of the shares with
          respect to which options are exercised. Payment for the shares shall
          be either in United States dollars, payable in cash or by check, or by

                                       3
<PAGE>

          surrender of stock certificates representing the same class of common
          stock of the Company having an aggregate fair market value, determined
          as of the date of exercise, equal to the number of shares with respect
          to which such options are exercised multiplied by the exercise price
          per share. The fair market value of common stock on the date of
          exercise of options shall be determined in the same manner as the fair
          market value of common stock on the date of grant of options is
          determined. In that event, fair market value of the shares of
          restricted stock will be determined as if the shares were not
          restricted. In lieu of the delivery of physical certificates, the
          optionee may deliver shares in payment of the exercise price by
          attesting, on a form established for such purpose by the Secretary, to
          the ownership, either outright or through ownership of a broker
          account, of a sufficient number of Seasoned Shares (at defined in the
          1990 Stock Option Plan). The attestation must be notarized and signed
          by the optionee's spouse if the spouse is a joint owner of the shares
          with respect to which such attestation is made and must be accompanied
          by such documentation as the Corporate Secretary may consider
          necessary to evidence actual ownership of such shares.

     g.   Manner of Exercise. A completed exercise form and the exercise price,
          whether in the form of cash or stock, must be delivered to the Plan
          Administrator in order to exercise an option. An option shall be
          deemed exercised on the date such exercise form and payment are
          received by the Plan Administrator.

     h.   Time for Exercise. Each option expires if it has not been exercised
          within its term. Once an option has expired for any reason, it can no
          longer be exercised. If the grantee's employment with the Company or a
          subsidiary of the Company is terminated, the optionee may exercise
          options that are exercisable on the date of termination of employment
          until the earlier of (1) the date on which the option expires and (2)
          the end of the applicable period below, beginning on the grantee's:

          (i)   retirement: five years after the grantee's retirement date.

          (ii)  disability (qualifying for long-term disability benefits under
                the Company's Basic Long-Term Disability Plan): five years after
                the grantee's qualification date.

          (iii) death: one year after the grantee's death for the estate or
                designated beneficiary to exercise the decedent's options.

          (iv)  involuntary termination other than for cause: the date on which
                the option expires.

          (v)   voluntary termination: three months from the grantee's date of
                termination of employment.

          If a grantee's employment is terminated for a reason constituting good
          cause, any outstanding options granted under the Plan shall

                                       4
<PAGE>

          automatically terminate. "Good cause" means conduct by the grantee
          that reflects adversely on the grantee's honesty, trustworthiness or
          fitness as an employee, or the grantee's willful engagement in conduct
          which is demonstrably and materially injurious to the Company.

          If a grantee becomes associated with, becomes employed by, renders
          services to, or owns any interest in (other than an insubstantial
          interest, as determined by the Committee) any business in competition
          with the Company, all outstanding options granted to the grantee
          whether vested or unvested shall automatically terminate and shares of
          restricted stock received upon the exercise of an option pursuant to
          Section 6 hereof that continue to be restricted shall be forfeited.
          For purposes of this Plan, an employee who becomes employed by certain
          non-subsidiary affiliates designated by the Committee (each, together
          with their subsidiaries, an "Affiliated Entity"), shall not, except
          with respect to incentive stock options, be considered to have
          terminated employment with the Company or a subsidiary of the Company
          until his employment is terminated with all Affiliated Entities
          without becoming re-employed by the Company or its subsidiaries.

     i.   Restricted Stock. Certain grantees may elect to receive restricted
          shares in connection with an exercise of an option by the grantee, as
          provided in Section 6 hereof.

     j.   Beneficiary Designations. The grantee of an option may designate a
          beneficiary or beneficiaries to exercise unexpired options held by the
          grantee and to own shares issued upon any such exercise after the
          grantee's death without order of any probate court or otherwise. A
          beneficiary so designated may exercise an option upon presentation to
          the Company of evidence satisfactory to the Corporate Secretary of (1)
          the beneficiary's identity and (2) the death of the grantee. A grantee
          may change any beneficiary designation of options held by the grantee
          at anytime before his death but may not do so by testamentary
          designation in his will or otherwise. Beneficiary designations must be
          made in writing on a form provided by the Corporate Secretary.
          Beneficiary designations shall become effective on the date that the
          form, properly completed, signed and notarized, is received by the
          Secretary. Any designation of a beneficiary with respect to any option
          shall be deemed canceled upon the transfer of such option to a trust
          in accordance with the terms of the Plan.

     k.   Change in Stock, Adjustments. In the event of any merger,
          reorganization, consolidation, recapitalization, stock dividend, spin-
          off, or other change in the corporate structure affecting the shares,
          such adjustment shall be made in the aggregate number and class of
          shares that may be delivered under the Plan, in the number and class
          of shares that may be subject to an option granted to any individual
          in any year under the Plan, and in the number, class, and option price
          of shares subject to outstanding options granted under the Plan, as
          may be determined to be appropriate by the Committee, in its sole
          discretion,

                              5
<PAGE>

          provided that the number of shares subject to any option shall always
          be a whole number.

     l.   Limitations on Transfer. Options may not be transferred, levied,
          garnished, executed upon, subjected to a security interest, or
          assigned to any person other than the grantee, except that the grantee
          may transfer an option to a trust of the kind described in Section
          6(b). Any such trust as transferee of an option may not (1) dispose of
          shares received in an exercise of such options until such shares are
          validly registered or exempt from registration under any applicable
          exemption from registration under the Securities Act of 1933, as
          amended, in the opinion of the Corporate Secretary or (2) while
          continuing to hold options issued under this plan, be amended to
          change beneficiaries to persons other than those permissible under
          Section 6(b). Documents evidencing the transfer of any option and the
          identity of the transferee shall be in such form as may be required by
          the Corporate Secretary.

6.   Restricted Stock. Certain grantees, as determined by the Committee, may
     elect to receive restricted shares upon payment for the exercise of an
     option in the form of unrestricted common stock. The grantee will receive
     the same number of unrestricted shares as the number of shares surrendered
     to pay the exercise price, while the shares received in excess of the
     number surrendered to pay the exercise price may be restricted. The Company
     shall be authorized to issue restricted shares of common stock upon such
     exercises of stock options, subject to the following conditions:

     a.   The grantee shall elect a vesting period for the restricted common
          stock to be received upon exercise of the option of between 6 months
          and 10 years, subject to rules and procedures established by the Plan
          Administrator. At any time on or before the 13th calendar month
          preceding the date on which restrictions on shares of restricted stock
          would otherwise lapse, the grantee may elect to extend the vesting
          period on all but not a portion of such shares by six months or any
          multiple of six months.

     b.   The grantee who receives restricted stock may not sell, transfer,
          assign, pledge or otherwise encumber or dispose of shares of
          restricted stock until such time as all restrictions on such stock
          have lapsed except to a trust of which the grantee, the grantee's
          spouse, or descendants (by blood, adoption, or marriage) of the
          grantee are the primary beneficiaries and which is a grantor trust
          treated as owned by the grantee under Subchapter J of the Internal
          Revenue Code, upon the following terms:

          (A)  the Company receives, prior to such transfer, a true copy of the
               trust agreement and an opinion from grantee's counsel (1) that
               the trust will be treated as a grantor trust owned by the grantee
               under Subchapter J of the Internal Revenue Code at all times
               until the restrictions on such stock lapse or the stock is
               forfeited under the terms of its grant, (2) that the terms of the
               trust provide that upon the forfeiture of the restricted stock

                                       6
<PAGE>

               under the terms of its grant or the earlier termination of the
               trust for whatever reason, ownership of the restricted stock
               shall revert to the grantee or to the Company, (3) that the
               trustee of such trust may not, prior to the lapsing of
               restrictions on such stock, sell, transfer, assign, pledge, or
               otherwise encumber or dispose of shares of restricted stock
               except to the Company or to the grantee, subject to the
               restrictions provided for in this Plan, and (4) that, until the
               restrictions lapse, the trustee is not authorized to incur
               liabilities on behalf of the trust, other than to the
               beneficiaries of the trust; and

          (B)  the grantee and the trustee of the trust shall execute stock
               powers in blank to be held in the custody of the Company; and

          (C)  the Corporate Secretary of the Company may, in his discretion,
               enforce the foregoing transfer restrictions by maintaining
               physical custody of the certificate or certificates representing
               such shares of restricted stock, by placing a restrictive legend
               on such certificates, by requiring the grantee and the trustee to
               execute other documents as a pre-condition to such transfer, or
               otherwise.

     c.   A grantee who elects to receive restricted common stock upon an
          exercise shall have the right to satisfy tax withholding obligations
          in the manner provided in Section 8 hereof.

     d.   The shares of restricted common stock received in an exercise of a
          stock option that continue to be restricted shall be forfeited in the
          event that vesting conditions are not satisfied, subject to the
          discretion of the Committee, except in the case of death, disability,
          normal retirement, or involuntary termination for reasons other than
          for good cause, in which case all restrictions lapse. If restricted
          shares are forfeited, the grantee or his representative shall sign any
          document and take any other action required to assign said restricted
          shares back to the Company.

     e.   The grantee will have all the rights of a stockholder with respect to
          shares of restricted stock received upon the exercise of an option,
          including the right to vote the shares of stock and the right to
          dividends on the stock. Unless the Plan Administrator establishes
          alternative procedures, the shares of restricted stock will be
          registered in the name of the grantee and the certificates evidencing
          such shares shall bear an appropriate legend referring to the terms,
          conditions and restrictions applicable to the award and shall be held
          in escrow by the Company. The grantee shall execute a stock power or
          powers assigning the shares of restricted stock back to the Company,
          which stock powers shall be held in escrow by the Company and used
          only in the event of the forfeiture of any of the shares of restricted
          stock. A certificate

                                       7
<PAGE>

          evidencing unrestricted shares of common stock shall be issued to the
          grantee promptly after the restrictions lapse on any restricted
          shares.

     f.   The Plan Administrator shall have the discretion and authority to
          establish any rules in connection with restricted stock, including but
          not limited to regulating the timing of the lapse of restrictions
          within the six-month to ten-year period and prescribing election forms
          as the Plan Administrator deems necessary or desirable for the orderly
          administration of such exercises.

7.   Reload Options. The Committee may provide that optionees have the right to
     a reload option, which shall be subject to the following terms and
     conditions:

     a.   Grant of the Reload Option; Number of Shares; Price. Subject to
          subsections (b) and (c) of this Section 7 and to the availability of
          shares to be optioned under the Plan, if an optionee has an option to
          purchase shares of any class of common stock (the "original option")
          with reload rights and pays for the exercise of the original option by
          surrendering common stock of the same class, the optionee shall
          receive a new option ("reload option") to purchase the number and
          class of shares so surrendered (or, if applicable, the number of
          shares provided for in paragraph (h) of this Section 7) at an exercise
          price equal to the fair market value of the class of stock on the date
          of the exercise of the original option. If, in the judgment of the
          Company's Corporate Secretary, the number of shares available on the
          exercise of the original options falls below a number sufficient to
          provide for the grant of reload options and for other purposes under
          the Plan, the Company's Corporate Secretary may authorize the issuance
          of reload options from any other plan of the Company's under which
          sufficient shares are authorized but not issued.

     b.   Minimum Purchase Required. A reload option will be granted only if the
          exercise of the original option is an exercise of at least 25% of the
          total number of shares granted under the original option (or an
          exercise of all the shares remaining under the original option if less
          than 25% of the shares remain to be exercised).

     c.   Other Requirements. A reload option: (1) will not be granted if the
          market value of the common stock of the Company on the date of
          exercise of the original option is less than the exercise price of the
          original option; (2) will not be granted if the grantee is not, on the
          exercise date, an employee of Sprint or a Sprint subsidiary; (3) will
          not be granted if the original option is exercised less than one year
          before the expiration of the original option; and (4) with respect to
          options transferred by the grantee to another person in accordance
          with this Plan, reload options shall be granted to the grantee upon a
          stock-for-stock exercise by the optionee to the same extent as if the
          grantee had exercised the option in a similar manner.

     d.   Term of Option. The reload option shall expire on the same date as the
          original option.

                                       8
<PAGE>

     e.   Type of Option. The reload option shall be a nonqualified option to
          purchase shares of the same class of shares as the original option.

     f.   No Additional Reload Options. The reload options shall not include any
          right to a second reload option.

     g.   Date of Grant, Vesting. The date of grant of the reload option shall
          be the date of the exercise of the original option. The reload options
          shall be exercisable in full beginning one year from date of grant;
          provided, however, that all shares purchased upon the exercise of the
          original option (except for any shares withheld for tax withholding
          obligations) shall not be sold, transferred or pledged within six
          months from the date of exercise of the original option, except in a
          Permitted Disposition (as defined in the 1990 Stock Option Plan). The
          reload option shall become exercisable in full if the optionee
          terminates employment by reason of the grantee's death, disability, or
          normal retirement. In no event shall a reload option be exercised
          after the original option expires as provided in subsection (d) of
          this Section 7.

     h.   Stock Withholding; Grants of Reload Options. If the other requirements
          of this Section 7 are satisfied, and if shares are withheld or shares
          surrendered for tax withholding, a reload option will be granted for
          the number of shares surrendered as payment for the exercise of the
          original option plus the number of shares surrendered or withheld to
          satisfy tax withholding. In connection with reload options for
          officers who are subject to Section 16 of the Securities Exchange Act
          of 1934, the Committee may at any time impose any limitations which,
          in the Committee's sole discretion, are necessary or desirable in
          order to comply with Section 16(b) of the Securities Exchange Act of
          1934 and the rules and regulations thereunder, or in order to obtain
          any exemption therefrom.

     i.   Other Terms and Conditions. Except as otherwise provided in this
          Section 7, all the provisions of the Plan shall apply to reload
          options.

8.   Stock Withholding Election. When taxes are withheld in connection with the
     exercise of a stock option by delivering shares of stock in payment of the
     exercise price, or upon the lapse of restrictions on restricted stock
     received upon the exercise of an option (the date on which such exercise
     occurs or such restrictions lapse hereinafter referred to as the "Tax
     Date"), the optionee may elect to make payment for the withholding of
     federal, state and local taxes, including Social Security and Medicare
     ("FICA") taxes, up to the optionee's marginal tax rate, by one or both of
     the following methods:

     (i)  delivering part or all of the payment in previously-owned shares of
          the same class (which shall be valued at fair market, as defined
          herein, on the Tax Date) which shares, if acquired from the Company,
          must have been held for at least six months;

                                       9
<PAGE>

     (ii) requesting the Company to withhold from those shares that would
          otherwise be received upon exercise of the option or upon the lapse of
          restrictions, a number of shares having a fair market value (as
          defined herein) on the Tax Date equal to the amount to be withheld.
          The amount of tax withholding to be satisfied by withholding shares
          from the option exercise is limited to the minimum amount of taxes,
          including FICA taxes, required to be withheld under federal, state and
          local law.

     Such election is irrevocable after the Tax Date. Any fractional share
     amount and any additional withholding not paid by the withholding or
     surrender of shares must be paid in cash. If no timely election is made,
     cash must be delivered to satisfy all tax withholding requirements.

     If the exercise of an option by an optionee other than the grantee after
     transfer of the option pursuant to this plan from the grantee to the
     optionee results in a withholding obligation on the part of the grantee,
     the grantee may elect to satisfy his withholding obligation by delivery of
     shares to the Company as permitted in clause (i) above.

9.   Acceleration on a Change in Control

     a.   With respect to any LTIP Option outstanding for at least one year or
          any restricted shares issued under the Plan the options shall (subject
          to the 280G limitations applicable under the 1990 Stock Option Plan)
          become exercisable in full and the restrictions shall lapse, as the
          case may be, upon a change in control of the Company.

     b.   For purposes of this Plan, a "change in control of the Company" shall
          be deemed to have occurred whenever a "Change in Control" occurs for
          purposes of the Company's 1990 Stock Option Plan, as amended from time
          to time.

10.  Miscellaneous.

     a.   Amendment. The Company reserves the right to amend the Plan at any
          time by action of the Board of Directors provided that no such
          amendment may materially and adversely affect any outstanding stock
          options without the consent of the optionee, and provided that,
          without the approval of the stockholders, no such amendment may
          increase the total number of shares reserved for the purposes of the
          Plan.

     b.   Effectiveness of Plan. This Plan shall be effective as of February 18,
          1995, subject to approval of Stockholders of the Company prior to
          February 18, 1996.

     c.   Rights in Securities. All certificates for shares delivered under the
          Plan shall be subject to such stock-transfer orders and other
          restrictions as the Committee may deem advisable under the rules,
          regulations, and other requirements of the Securities and Exchange
          Commission, any stock exchange upon which the shares are then listed,
          and any

                                      10
<PAGE>

          applicable federal or state securities law, and the Committee may
          cause a legend or legends to be put on any such certificates to make
          appropriate reference to such restrictions. No optionee or optionee's
          beneficiary, executor or administrator, legatees or distributees, as
          the case may be, will be, or will be deemed to be, a holder of any
          shares subject to an option unless and until a stock certificate or
          certificates for such shares are issued to such person or persons
          under the terms of the Plan. No adjustment shall be made for dividends
          (ordinary or extraordinary, whether in cash, securities or other
          property) or distributions or other rights for which the record date
          is prior to the date such stock certificate is issued, except as
          provided in Section 5(k) hereof.

     d.   Date of Grant. The grant of an option shall be effective no earlier
          than the date the Committee decides to grant the option, except that
          grants of reload options shall be effective as provided in Section
          7(g) hereof.

     e.   Application of Funds. The proceeds received by the Company from the
          sale of stock subject to option are to be added to the general funds
          of the Company and used for its corporate purposes.

     f.   No Obligation to Exercise Option. Granting of an option shall impose
          no obligation on the optionee to exercise such option.

                                      11<PAGE>

                                               Exhibit 10(r)

                  Management Incentive Plan

1.0  Establishment

     The Management Incentive Plan is effective January 1, 1984. Thereafter, it
     will continue from year to year, until the Board amends or terminates it.

2.0  Definitions

     2.01 "Board" is the Board of Directors of Sprint Corporation.

     2.02 "Committee" is the Organization, Compensation and Nominating Committee
          of the Board.

     2.03 "Company" is Sprint Corporation.

     2.04 "Employee" is any person (including officers and directors of the
          Company) employed by the Company, or a subsidiary of the Company, on a
          full-time salaried basis.

     2.05 "Participant" is an employee designated by the Committee to
          participate in the Plan.

     2.06 "Senior Officer" is an officer of the Company holding the office of
          Senior Vice President or higher.

     2.07 "Termination for Cause", in the case of an employee, means an
          involuntary termination of employment because

          (i)   the employee has materially breached the Company's Code
                of Ethics;

          (ii)  the employee has materially breached the Sprint Employee
                Agreement Regarding Property Rights and Business Practices;

          (iii) the employee has engaged in acts or omissions constituting
                dishonesty, intentional breach of a fiduciary obligation, or
                intentional acts of wrongdoing or misfeasance; or

          (iv)  the employee has acted intentionally and in bad faith in a
                manner that results in a material detriment to the assets,
                business, or prospects of the employer.

          In determining whether any particular employee was Terminated for
          Cause, the characterization of the reason for termination used for
          purposes of other employee benefit plans of the Company shall apply to
          this Plan.
<PAGE>

3.0  Purpose

     The Plan is intended to further the Company's objectives by offering
     competitive incentive compensation to key employees who make substantive
     contributions to those objectives.

4.0  Administration

     4.01 The Committee will be responsible for the administration of the Plan.
          This Committee is authorized to interpret the Plan, to prescribe,
          amend, and rescind rules and regulations deemed advisable to protect
          the interests of the Company, and to make all other administrative
          determinations necessary. Any determination, interpretation or other
          action made or taken by the Committee pursuant to the Plan's
          provisions will be final for all purposes and upon all persons.

     4.02 The Committee may delegate to a Senior Officer or a Committee of
          Senior Officers the right to select Participants and grant awards
          under the Plan to employees who are not Senior Officers. The Senior
          Officer or Committee of Senior Officers shall have the same powers
          with respect to such awards as the Committee has under this Plan,
          provided that all decisions must be within the boundaries of the
          Compensation Philosophy established by the Committee.

5.0  Performance Cycle

     A Performance Cycle consists of a calendar year. Cash may be awarded to
     Participants for each year the Committee approves a plan.

6.0  Performance Criteria

     For each Performance Cycle, the Committee will determine the factors to be
     used for measuring performance. Such Committee determinations may vary from
     year to year.

7.0  Adjustments

     The Committee may make adjustments in the Performance Criteria to
     compensate for any changes that significantly alter the basis upon which
     the Criteria were determined. These adjustments may be made before or after
     the end of the Cycle (normally by the February meeting of the Committee).
     To the extent the Committee deems appropriate, all changes will be binding
     upon all parties concerned during the Cycle.

                                        2
<PAGE>

8.0  Participation

     8.01 For each Performance Cycle, the Committee will determine which key
          employees, who are in a position to influence the Company's success,
          will participate in the Plan.

     8.02 Employees hired or promoted during a Performance Cycle into a position
          appropriate for participation in this Plan may either participate in
          the already existing Cycle on a prorated basis, or be held out until
          the beginning of the next Cycle. This determination will be made by
          the Committee.

9.0  Payment

     9.01 The Committee will determine the incentive opportunity (or possible
          cash payment) earned by each Participant for any Performance Cycle.

     9.02 The Committee will approve the payment of any award made under the
          Plan. Payments of amounts due a Participant under the Plan not
          deferred or carried forward pursuant to the provisions of Paragraphs
          10.1 and 10.2 below will be made following the February Committee
          meeting.

     9.03 The department or affiliated company where the employee is located at
          the end of the Performance Cycle year is responsible for the total
          Performance Cycle payout, including any pro rata awards from other
          plans. Management at the final location is responsible for determining
          the level of payout for the entire Performance Cycle year. The
          Participant's former company or department is to be solicited to
          determine the prorata payout from other plans.

10.0 Deferral and Carry-forward

    10.01 For each Performance Cycle, an eligible Participant may elect, in
          writing, to voluntarily defer all or a portion of a potential payment.
          This will be consistent with the federal income tax code requirements
          to effectively defer income. The Committee and the Executive Deferred
          Compensation Plan will determine the terms of all deferrals.

    10.02 In the event the percent payout otherwise payable to a Participant for
          any individual performance measurement exceeds two hundred percent
          (200%) of target, fifty percent (50%) of the amount by which the
          payout exceeds two hundred percent (200%) of target will vest upon
          approval of payout by the Committee and be paid to the Participant at
          the same time the remainder of the award is paid to the Participant.
          If the remaining fifty percent (50%) of the amount by which the payout
          exceeds two hundred percent (200%) of target ("the amount carried
          forward") is less than

                                       3
<PAGE>

          $1,000, then the amount will be paid to the Participant at the same
          time the award is paid to Participant. If the amount carried forward
          is $1,000 or greater and the Participant is employed with the Company,
          then the amount will not be deemed vested or earned by the
          Participant, but will be "carried forward" for possible vesting and
          payment to the Participant in the future as follows: (i) one-half
          (1/2) of the amount "carried forward" will vest and be paid to the
          Participant when the award is normally paid to Participants but not
          earlier than twelve (12) months following the end of the Performance
          Cycle to which the amount carried forward pertains, and (ii) the
          remaining one-half (1/2) of the amount carried forward will vest and
          be paid to the Participant when the award is normally paid to
          Participant but not earlier than twenty-four (24) months following the
          end of the Performance Cycle to which the amount carried forward
          pertains. If, prior to the scheduled vesting/payment date(s) of the
          amount carried forward, the Participant voluntarily resigns his/her
          employment with the Company or is Terminated for Cause, the
          Participant will forfeit any unpaid portion of the amount carried
          forward. If, prior to the scheduled vesting/payment date of any
          portion of the amount carried forward, the Participant's employment
          with Company ceases for any of the following reasons: (i) a reduction
          in force; (ii) normal retirement (as determined under the Company's
          retirement plan); (iii) sale of business when the Participant does not
          secure employment with the new purchaser or when the Participant
          secures employment with the new purchaser and remains so employed
          until the time the carry forward payments are normally paid; (iv) the
          Participant's death; or (v) the Participant's disability, then any
          unpaid portion shall not be forfeited, but instead shall be paid to
          the Participant or the Participant's executor/personal representative
          at the time payments are scheduled for that performance year.

11.0 Termination of Employment

     If termination of employment occurs during a Performance Cycle by reason of
     death, disability (as determined under the Company's long-term disability
     program), or normal retirement (as determined under the Company's
     retirement plan), the Participant will be entitled to a prorated award
     based upon appropriate Performance Criteria that will be determined by the
     Committee. The Committee will determine the prorated award under the rules
     and regulations it establishes. The award will be paid when all other
     payments are made at the end of the Cycle. Should an employee terminate and
     immediately become employed by an affiliated organization, a pro rata
     payment may also be extended. If termination of employment occurs for
     reasons other than death, disability, normal retirement or transfer, all
     the Participant's interests and rights in this Plan will be forfeited,
     unless otherwise determined by the Committee.

                                       4
<PAGE>

12.0 Non-Transferability

     A Participant's rights and interests under the Plan may not be sold,
     pledged, assigned or transferred in any manner other than by will or by the
     laws of descent and distribution except as provided by the Plan or
     specified by the Committee.

13.0 Tax Withholding

     The Company retains the right to deduct from all awards paid in cash any
     taxes required by law to be withheld with respect to cash awards.

14.0 Continuance of Employment

     Nothing under the Plan nor any action taken because of the Plan will be
     construed as giving any employee any right to be retained in the Company's
     employ.

15.0 Amendment and Termination

     The Board, at any time may terminate, and at any time and in any respect
     may amend or modify the Plan.

16.0 Legal Requirements

    16.01 The designation of participation and any opportunity in the Plan,
          together with the payment of cash, will be subject to all applicable
          federal, state and local laws, rules and regulations.

    16.02 The Plan and all related provisions will be construed in accordance
          with and governed by the laws of the State of Kansas.

                                        5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00021-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00021-of-00352.parquet"}]]