Document:

Employment Agreement

 Exhibit 10.10 
 Employment Agreement 
 (With Enhanced Change-in-Control Benefits) 
 THIS EMPLOYMENT AGREEMENT (this “Agreement”) is dated as of December 3, 2003 (the “Effective
Date”), by and among SPRINT CORPORATION, a Kansas corporation (“Sprint”), SPRINT/UNITED MANAGEMENT COMPANY, a Kansas corporation and
subsidiary of Sprint (“SUMC”) (Sprint, SUMC and the subsidiaries of Sprint are collectively referred to herein as the “Company”), and THOMAS A. GERKE (“Executive”).

 Recitals 
  

	 	1.	Because the Company is mindful of Executive’s substantial contributions to the Company and of his attractiveness in the competitive marketplace, both within and outside of the
telecommunications industry, it desires to insure his continued employment with the Company, it desires to encourage him to maintain and increase his ownership of Company stock, and it desires to provide him appropriate compensation arrangements
that continue to motivate him to focus on and increase shareholder value. 

  

	 	2.	Executive has been, and now is, serving as Executive Vice President—General Counsel and External Affairs. 

  

	 	3.	The Company desires to secure the continued long-term employment of Executive. 

  

	 	4.	Executive and the Company entered into a Special Compensation and Non-Compete Agreement, dated December 9, 1997 (the “Severance Agreement”).

  

	 	5.	The Company granted Executive certain “Stock-Based Awards” in, and as such term is defined under, the Severance Agreement (the “Prior Awards”), and the
Company and Executive desire to continue the vesting, acceleration, and other terms of the Prior Awards as set forth in the Severance Agreement but to supersede all other aspects of the Severance Agreement by this Agreement.

  

	 	6.	Certain capitalized terms used herein are defined parenthetically throughout this Agreement or defined in Section 6 of this Agreement. 

 NOW, THEREFORE, in consideration of the promises and mutual covenants herein contained, and for other good and valuable consideration, the
receipt and sufficiency of which consideration is mutually acknowledged by the parties, the parties hereby agree as follows: 
 1. Employment and
Termination 
 1.01. Conditions of Employment 
 Subject to the terms of this Agreement, the Company hereby agrees to employ Executive as Executive Vice President—General Counsel and External Affairs, with such authority, power, responsibilities, and duties
customarily exercised by a person holding such positions in a company of the size and nature of the Company. 
  

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 1.02. Performance of Duties 
 Executive shall, during his employment with the Company, owe an undivided duty of loyalty to the Company and agrees to use his best efforts to promote and develop the business of the Company. Executive agrees that,
during his employment with the Company, he must devote his full business time, energies, and talents to serving as a senior executive officer of the Company and that he shall perform his duties faithfully and efficiently subject to the directions of
the Board. Notwithstanding the foregoing, Executive may, subject in all cases to the Company’s Principles of Business Conduct (or any successor code of conduct) (i) serve as a director, trustee, or officer or otherwise participate in
not-for-profit educational, welfare, social, religious, and civic organizations; (ii) serve as a director of any for-profit business listed on Exhibit A hereto or, with the prior consent of the Board, serve as a director of any for-profit
business that is not a Competitor; and (iii) acquire passive investment interests in one or more entities, to the extent that the other activities do not inhibit or interfere with the performance of Executive’s duties under this Agreement,
or to the knowledge of Executive conflict in any material way with the business or policies of the Company. 
 1.03. Term of
Employment 
 The term of Executive’s employment under this Agreement (the “Employment Term”) begins on the Effective
Date and ends on Executive’s 65th birthday (the “End Date”). This Agreement sets forth certain terms of Executive’s employment during the Employment Term, the consequences of any termination of employment during the
Employment Term, and the terms of certain restrictive covenants by Executive during and after the Employment Term. The Company and Executive agree that the employment relationship is at will, and either party may terminate the employment
relationship for any reason in accordance with the procedures and with the consequences set forth in this Agreement. 
 1.04. Procedures for
Termination 
  

	(a)	General Procedures 

 Except as set forth below, any
purported termination of this Agreement or of Executive’s employment by the Company or by Executive during the Employment Term, other than by Executive’s death, shall be communicated by a written notice of termination to the other party
hereto delivered in accordance with Section 13 below indicating the specific termination provision in this Agreement relied upon and setting forth in reasonable detail the facts and circumstances claimed to provide a basis for termination under
the provision so indicated. Any such termination will be effective on the Termination Date. 
  

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	(b)	Cause Termination 

 The Company may not terminate
Executive’s employment for Cause during the Employment Term until it delivers to Executive a written notice stating that Executive is guilty of conduct constituting Cause by reference to one or more clauses of Section 6.06 and specifying
the particulars thereof in reasonable detail. 
  

	(c)	CIC Good Reason Termination 

 Executive may
terminate his employment for CIC Good Reason during the Employment Term only within the CIC Protected Period following written notice and an opportunity for the Company to cure; provided, however, that Executive may not give notice of termination
for CIC Good Reason during any Period in which Executive is unable to substantially perform his duties with the Company due to physical or mental illness. In order to effect a termination for CIC Good Reason, Executive must, within 60 days following
the event or circumstance giving rise to Executive’s claim, deliver a written notice to the Company that sets forth the specific event or circumstance giving rise to CIC Good Reason by reference to one or more clauses of the definition of CIC
Good Reason set forth in Section 6.09 of this Agreement. If, within 30 days following notice from Executive, the Company corrects, in all material respects, the events or circumstances giving rise to Executive’s claim for CIC Good Reason,
Executive shall not be entitled to terminate his employment for CIC Good Reason by reason of such event or circumstance. 
  

	(d)	Non-CIC Good Reason Termination 

 Executive may
terminate his employment for Non-CIC Good Reason any time during the Employment Term following written notice and an opportunity for the Company to cure. In order to effect a termination for Non-CIC Good Reason, Executive must deliver a written
notice to the Company within 60 days following the event or circumstance giving rise to Executive’s claim of Non-CIC Good Reason. The notice must set forth the specific event or circumstance giving rise to Non-CIC Good Reason by reference to
one or more clauses of the definition of Non-CIC Good Reason set forth in Section 6.24 of this Agreement. If, within 30 days following notice from Executive, the Company corrects, in all material respects, the events or circumstances giving
rise to Executive’s claim for Non-CIC Good Reason, Executive shall not be entitled to terminate his employment for Non-CIC Good Reason by reason of such event or circumstance. 
  

	(e)	Payment of Compensation Earned Through Termination Date 

 Upon a termination of Executive’s employment hereunder for any reason, Executive or, in the event of his death, Executive’s estate, in addition to any other payments or benefits to which Executive may be entitled hereunder, is
entitled to 
  

	 	(i)	Executive’s Base Salary prorated through the Termination Date, 

  

	 	(ii)	any payment under the Incentive Plan for Performance Periods ending before the Termination Date, unless eliminated or reduced, and then only to the extent that such payments are
eliminated or reduced, for all Senior Officers continuing employment with the Company, and 

  

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	 	(iii)	any vacation pay for vacation accrued by Executive in the calendar year of termination but not taken at the Termination Date. 

 Except as otherwise provided herein, the Company must pay any other employee benefits to which Executive is entitled by reason of his employment to
Executive or his estate at the time or times required by the terms of the applicable Company plan or policy. 
  

	(f)	Effect of Termination on Other Positions 

 If, on
the Termination Date, Executive (i) is a member of the Board or any board of directors of one of Sprint’s subsidiaries, (ii) serves on the board of directors of any other corporation by nomination, appointment, or designation by
Sprint or any of its subsidiaries, or (iii) holds any other position with Sprint or any of its subsidiaries, Executive shall, unless otherwise agreed to by the Company, be deemed to have resigned from all such positions as of the Termination
Date. Executive agrees to execute such documents and take such other actions as the Company may request to reflect such resignations. 
  

	(g)	Condition to Certain Payments 

 Payments under
Section 4 are conditioned on Executive’s compliance with the requirements of Section 4.03(b). 
  

	(h)	Exit Interview 

 At the Company’s request,
Executive shall participate in an exit interview prior to Executive’s last day worked as an employee of the Company to provide for the orderly transition of his duties, to arrange for the return of the Company’s property, to discuss his
intended new employment, and to discuss and complete such other matters as may be necessary to ensure full compliance with this Agreement. 
 2.
Compensation 
 Subject to the terms of this Agreement, during the Employment Term, while Executive is employed by the Company, the Company will
compensate him for his services as follows: 
 2.01. Base Salary 
 Executive shall receive an annual base salary in an amount not less than his annual salary on the Effective Date, payable in monthly or more frequent installments in accordance with the Company’s payroll policies
and practices (such annual base salary as adjusted pursuant to this Section 2.01 shall hereinafter be referred to as the “Base Salary”). Executive’s Base Salary shall be reviewed, and may be increased but not decreased
below the rate in effect on the Effective Date (other than across-the-board reductions similarly affecting all Senior Officers), by the Board in a manner that is fair and pursuant to its normal performance review policies for Senior Officers.

  

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 2.02. Incentive Payments 
 Executive will continue to participate in the Incentive Plan, subject to its terms and conditions as they may from time to time be established, amended, interpreted, or terminated in accordance with the Company’s
plans or policies governing such benefits to the Company’s Senior Officers generally. Executive’s Targeted Compensation under the Incentive Plan shall be reviewed, and may be increased but not decreased below his Targeted Compensation in
effect in 2003 (other than across-the-board reductions similarly affecting all Senior Officers), by the Board in a manner that is fair and pursuant to its normal performance review policies for Senior Officers. 
 2.03. Employee Benefits 
 The Company will
provide Executive with the employee benefits (including, without limitation, life, disability, medical and dental insurance coverage, participation in the Company’s Executive Deferred Compensation Plan, Savings Plan, and the Pension Plan, and
other benefits generally provided to Senior Officers) that are no less favorable in the aggregate to Executive than those provided to him as of the Effective Date, subject to amendment, modification, interpretation by the Company, or termination in
accordance with the Company’s plans or policies governing such benefits to Senior Officers generally. 
 2.04. Expense
Reimbursement 
 The Company will reimburse Executive for reasonable out-of-pocket expenses incurred and accounted for in accordance with the
policies and procedures of the Company for Senior Officers generally, as they may from time to time be established, interpreted, amended, or terminated. 
 2.05. Prior Awards Remain Outstanding 
 The Prior Awards shall remain outstanding, and the terms and conditions of the
Prior Awards shall continue to be governed by the provisions of the Severance Agreement pertaining to the vesting and acceleration of the Prior Awards, and the Prior Awards shall be considered continuing partial consideration for the execution of
this Agreement. 
 3. Executive Covenants 
 3.01.
Principles of Business Conduct 
 Executive shall adhere in all respects to the Company’s Principles of Business Conduct (or any
successor code of conduct) as they may from time to time be established, interpreted, amended, or terminated. 
 3.02. Proprietary Information

 Executive acknowledges that during the course of his employment he has learned or will learn or develop Proprietary Information. Executive
further acknowledges that unauthorized disclosure or use of such Proprietary Information, other than in discharge of Executive’s duties, will cause the Company irreparable harm. Except in the course of his employment with the Company under this
Agreement, in the pursuit of the business of the Company, or as otherwise required in 
  

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 employment with the Company, Executive shall not, during the course of his employment or at any time following
termination of his employment, directly or indirectly, disclose, publish, communicate, or use on his behalf or another’s behalf, any Proprietary Information. If during or after his employment Executive has any questions about whether particular
information is Proprietary Information he shall consult with the Company’s Corporate Secretary or other representative designated by the Company. 
 Executive also agrees to promptly disclose to the Company any information, ideas, or inventions made or conceived by him that result from or are suggested by services performed by him for the Company under this Agreement, and to assign to
the Company all rights pertaining to such information, ideas, or inventions. Knowledge or information of any kind disclosed by Executive to the Company shall be deemed to have been disclosed without obligation on the part of the Company to hold the
same in confidence, and the Company shall have the full right to use and disclose such knowledge and information without compensation to Executive beyond that specifically provided in this Agreement. 
 3.03. Non-Competition 
 During Executive’s
employment with the Company and during the Non-Compete Period, Executive shall not engage in Competitive Employment, whether paid or unpaid and whether as a consultant, employee, or otherwise. This provision shall not apply if, within one year
following a Change in Control: 
  

	 	(i)	the Company terminates Executive’s employment with the Company for any reason other than for Cause or Total Disability; or 

  

	 	(ii)	Executive terminates his employment with the Company for CIC-Good Reason. 

 If Executive ceases to be employed by the Company because of the sale, spin-off, divestiture, or other disposition by the Company of a subsidiary, division, or other divested unit employing Executive, this provision shall continue to apply
during the Non-Compete Period, except that Executive’s continued employment for the subsidiary, division, or other divested unit disposed of by the Company shall not be deemed a violation of this provision. 
 Executive agrees that because of the worldwide nature of the Company’s business, breach of this Agreement by accepting Competitive Employment would irreparably
injure the Company and that, therefore, a limited geographic restriction is neither feasible nor appropriate to protect the Company’s interests. 
 3.04. Inducement of Employees, Customers and Others 
 During Executive’s employment with the Company and during the
Non-Compete Period, Executive shall not directly or indirectly solicit, induce, or encourage any employee, consultant, agent, or customer of the Company, or vendor or other parties doing business with the Company, to terminate their employment,
agency, or other relationship with the Company or to render services for or transfer business to any Competitor, and Executive shall not initiate discussion with any such person for any such purpose or authorize or knowingly cooperate with the
taking of any such actions by any other individual or entity on behalf of the Competitor. 
  

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 3.05. No Adverse Actions 
 During the Non-Compete Period, Executive shall not, without the prior written consent of the Company, in any manner, solicit, request, advise, or assist any other person to (a) undertake any action that would be
reasonably likely to, or is intended to, result in a Change in Control, or (b) seek to control in any material manner the Board. 
 3.06.
Return of Property 
 Executive shall, upon his Termination Date, return to the Company all property of the Company in his
possession, including all notes, reports, sketches, plans, published memoranda, or other documents, whether in hard copy or in electronic form, created, developed, generated, received, or held by Executive during his employment, concerning or
related to the Company’s business, whether containing or relating to Proprietary Information or not. Executive shall not remove, by e-mail, by removal of computer discs or hard drives, or by other means, any of the above property containing
Proprietary Information, or reproductions or copies thereof, or any apparatus from the Company’s premises without the Company’s written consent. 
 3.07. Mutual Non-disparagement 
 Executive agrees to refrain from making any statements about the Company or its
officers or directors that would disparage, or reflect unfavorably upon the image or reputation of the Company or any such officer or director. The Company agrees to use reasonable efforts to prevent its directors and officers from making any
statements about Executive that would disparage, or reflect unfavorably upon the image or reputation of, Executive. 
 3.08. Assistance with
Claims 
 Executive agrees that, consistent with Executive’s business and personal affairs, during and after his employment by the
Company, he will assist the Company in the defense of any claims or potential claims that may be made or threatened to be made against it in any action, suit, or proceeding, whether civil, criminal, administrative, or investigative
(“Proceeding”) and will assist the Company in the prosecution of any claims that may be made by the Company in any Proceeding, to the extent that such claims may relate to Executive’s services provided under this Agreement;
provided, however, in no event shall the term “assist” in the previous sentence be interpreted as requiring Executive to render legal services of any nature to or on behalf of the Company in connection with any such defense or prosecution
after Executive’s employment by the Company. 
 Executive agrees, unless precluded by law, to promptly inform the Company if Executive is asked to
participate (or otherwise become involved) in any Proceeding involving such claims or potential claims. 
 Executive also agrees, unless precluded by law, to
promptly inform the Company if Executive is asked to assist in any investigation (whether governmental or private) of the Company (or its actions), regardless of whether a lawsuit has then been filed against the Company with respect to such
investigation. The Company agrees to reimburse Executive for all of Executive’s reasonable out-of-pocket expenses associated with such assistance, including travel expenses and any attorneys’ fees and shall pay a reasonable per diem fee
(equal to 1/250th of his Base Salary rate at his Termination Date) for Executive’s services. 
  

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 3.09. Key Man Life Insurance 
 The Company may, at its discretion, purchase for its own benefit and at its own expense, key man life insurance on the life of Executive. Neither Executive nor Executive’s spouse or dependents shall have any
right, title, or interest in or to such insurance or the proceeds thereof. Executive agrees to cooperate with the life insurance company and the Company in the insurance underwriting process, including submitting to a physical examination and other
tests necessary to secure coverage, and signing all appropriate applications and written forms as may be required by the insurance company. 
 4. Payments
On Certain Terminations 
 4.01. Payments on Certain Terminations Not in Connection with Change in Control 
 If, during the Employment Term but not within a CIC Protected Period, (a) the Company terminates Executive’s employment with the Company for any reason other
than (x) Cause or (y) Executive’s Total Disability or (b) Executive terminates his employment with the Company for Non-CIC Good Reason, then Executive shall, subject to Section 2.05 and the other applicable provisions of
this Section 4, be entitled to the following payments and benefits (the “Non-CIC Benefits”) in lieu of any other payments or benefits available under Section 4.02 below or under any and all Company separation plans or
policies: 
  

	 	(i)	The Company will pay Executive his Base Salary, in equal installments in arrears and on the same schedule as paid before his Termination Date, for a period (the “Non-CIC
Severance Period”) commencing on the Termination Date and ending on the earlier to occur of (A) the date 18 months after the Termination Date, or (B) the End Date, at the rate in effect on his Termination Date.

  

	 	(ii)	The Company will pay Executive, at the time and in the amounts set forth immediately below, Executive’s (x) bonus amount earned under the Incentive Plan for that portion
of the Termination Performance Period ending on Executive’s Termination Date and (y) the bonus amount under the Incentive Plan for the Non-CIC Severance Period. Such amounts shall be calculated and paid as follows:

  

	 	(A)	For the Termination Performance Period, the Company will pay Executive, at the time when payouts are made for that Performance Period, an amount equal to the Non-CIC Termination
Period Incentive Payout. 

  

	 	(B)	For the Post I Termination Performance Period, the Company will pay Executive, at the time when payouts are made for that Performance Period, an amount equal to the Capped Incentive
Payout for such Performance Period or, alternatively, in the event that the Non-CIC Severance Period ends within such Performance Period, the Capped Incentive Payout for such Performance Period prorated through the month in which the Non-CIC
Severance Period ends. 

  

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	 	(C)	In the event that the Non-CIC Severance Period ends in the Post II Termination Performance Period, the Company will pay Executive, at the time when payouts are made for that
Performance Period, the Capped Incentive Payout for such Performance Period prorated through the month in which the Non-CIC Severance Period ends. 

 For purposes of Sections 4.01(ii) (B) and (C), in determining whether to count the month in which the Non-CIC Severance Period ends, if the end of the Non-CIC Severance Period falls on a date on or before the
15th of a month, such month shall not be counted but, if the end of the Non-CIC Severance Period falls on a date after the 15th of a month, such month shall be counted. 
 This Section 4.01(ii) assumes that Performance Periods under the Incentive Plan are 12 months in length. To the extent that Performance Periods are greater or lesser than 12 months, the above payout schedule
shall be appropriately adjusted by the Company, either by increasing or decreasing the number of Performance Periods in which severance payouts shall be made, such that (i) the final payment made to Executive under this Section 4.01(ii)
shall be made at the time payouts are made for the Performance Period in which the Non-CIC Severance Period ends, and (ii) Executive shall receive no less than nor no greater than the amount, using concepts and formulas consistent with those
provided in this Section 4.01(ii), that would have accrued and been payable to Executive under the Incentive Plan for the Non-CIC Severance Period had the Performance Periods remained 12 months in length. 
  

	 	(iii)	During the Non-CIC Severance Period, the Company will provide any employee benefit (including, but not limited to, executive medical, dental and life coverage, qualified or
nonqualified retirement benefits, and other benefits generally provided to Senior Officers other than country club membership dues and accrual of vacation) that Executive was receiving or was entitled to receive as of the Termination Date, except
that long term-disability and short-term disability benefits shall cease on Executive’s last day worked as an employee of the Company, but if Executive becomes employed full-time during the Non-CIC Severance Period, Executive’s entitlement
to continued participation in any medical, dental or other group health plan sponsored by the Company shall immediately cease, except that Executive shall retain any rights to continue coverage under the COBRA continuation provisions of such
Company’s group health care plans by paying the applicable premium therefor. 

  

	 	(iv)	During the Non-CIC Severance Period, the Company will pay for outplacement counseling by a firm selected by the Company to continue until the earlier of such time as Executive
becomes re-employed or the end of the Non-CIC Severance Period. 

  

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	 	(v)	The end of the Non-CIC Severance Period will be treated as Executive’s termination date for purposes of the Company’s stock option and restricted stock programs.

 In all events, Executive’s right to receive the Non-CIC Benefits shall cease immediately if Executive is re-employed by the Company or
an affiliate of the Company or if Executive breaches the Restrictive Covenants. In all cases, the Company’s rights under Section 5 shall continue. 
 4.02. Payments on Certain Terminations in Connection with a Change in Control 
 If, during the Employment Term and
within a CIC Protected Period, (a) the Company terminates Executive’s employment with the Company for any reason other than (x) Cause or (y) Executive’s Total Disability, or (b) Executive terminates his employment with
the Company for CIC Good Reason, then Executive shall, subject to Section 2.05 and the other applicable provisions of this Section 4, be entitled to the following payments and benefits (the “CIC Benefits”) in lieu of any
other payments or benefits available under Section 4.01 above or under any and all Company separation plans or policies: 
  

	 	(i)	In lieu of any further salary payments to Executive for periods after the Termination Date, the Company will pay Executive an aggregate amount equal to two times Executive’s
Base Salary (without regard to any deferred amounts); provided, however, to the extent that Executive terminates his employment because of CIC Good Reason and a reduction in Executive’s Base Salary has occurred which constitutes CIC Good Reason
under Section 6.09(ii) of this Agreement, Executive’s Base Salary for the purpose of this Section 4.02(i) shall be Executive’s Base Salary immediately prior to such Base Salary reduction. The payment made pursuant to this
Section 4.02(i) shall be paid to Executive in equal installments in arrears and on the same schedule as Executive’s Base Salary was being paid to Executive before the Termination Date for a period (the “CIC Severance
Period”) beginning on the Termination Date and ending on the earlier to occur of (A) the date 24 months after the Termination Date or (B) the End Date. 

  

	 	(ii)	In lieu of any payments under, and notwithstanding any provisions of the Incentive Plan, the Company will pay Executive, at the time and in the amounts set forth immediately below,
Executive’s (x) bonus amount earned under the Incentive Plan for that portion of the Termination Performance Period ending on Executive’s Termination Date and (y) a bonus amount equal to the amount Executive could have received
under the Incentive Plan for the CIC Severance Period. Such amounts shall be calculated and paid as follows: 

  

	 	(A)	For the Termination Performance Period, the Company will pay Executive, at the time when payouts are made for that Performance Period, an amount equal to the CIC Termination Period
Incentive Payout. 

  

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	 	(B)	For the Post I Termination Performance Period, the Company will pay Executive, at the time when payouts are made for that Performance Period, an amount equal to Executive’s
Final Targeted Compensation or, alternatively, in the event that the CIC Severance Period ends within such Performance Period, Executive’s Final Targeted Compensation prorated through the month in which the CIC Severance Period ends.

  

	 	(C)	In the event that the CIC Severance Period ends during the Post II Termination Performance Period, the Company will pay Executive, at the time when payouts are made for that
Performance Period, Executive’s Final Targeted Compensation prorated through the month in which the CIC Severance Period ends. 

 For purposes of Sections 4.02(ii) (B) and (C), in determining whether to count the month in which the CIC Severance Period ends, if the end of the CIC Severance Period falls on a date on or before the 15th of a month, such month shall
not be counted but, if the end of the CIC Severance Period falls on a date after the 15th of a month, such month shall be counted. 
 Notwithstanding the above and for the purpose of determining the payout amounts under Sections 4.02(ii)(B) and (C), to the extent that Executive terminates his employment because of CIC Good Reason and a reduction in Executive’s
Targeted Compensation has occurred which constitutes CIC Good Reason under Section 6.09(vi) of this Agreement, Executive’s Final Targeted Compensation for purposes of Sections 4.02(ii)(B) and (C) shall be Executive’s Targeted
Compensation immediately prior to such Targeted Compensation reduction. 
 This Section 4.02(ii) assumes that Performance Periods under
the Incentive Plan are 12 months in length. To the extent that Performance Periods are greater or lesser than 12 months, the above payout schedule shall be appropriately adjusted by the Company, either by increasing or decreasing the number of
Performance Periods in which severance payouts shall be made, such that (i) the final payment made to Executive under this Section 4.02(ii) shall be made at the time payouts are made for the Performance Period in which the CIC Severance
Period ends, and (ii) Executive shall receive no less than nor no greater than the amount, using concepts and formulas consistent with those provided in this Section 4.02(ii), that would have accrued and been payable to Executive under the
Incentive Plan for the CIC Severance Period had the Performance Periods remained 12 months in length. 
  

	 	(iii)	During the CIC Severance Period, the Company will, in such manner as is selected by the Company in its sole discretion, provide, arrange to provide, or reimburse Executive for any
employee benefit (including, but not limited to, executive medical, dental and life coverage, qualified or nonqualified retirement benefits, and other benefits generally provided to Senior Officers other than country club membership dues and accrual
of vacation) that Executive was 

  

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 receiving or was entitled to receive as of the Termination Date, except that long-term disability and
short-term disability benefits shall cease on Executive’s last day worked as an employee of the Company, but if Executive becomes employed full-time during the CIC Severance Period, Executive’s entitlement to continued participation in any
medical, dental or other group health plan sponsored by the Company shall immediately cease, except that Executive shall retain any rights to continue coverage under the COBRA continuation provisions of the Company’s group health care plans by
paying the applicable premium therefor. 
  

	 	(iv)	During the CIC Severance Period, the Company will pay for outplacement counseling by a firm selected by the Company to continue until the earlier of such time as Executive becomes
re-employed or the end of the CIC Severance Period. 

  

	 	(v)	The end of the CIC Severance Period will be treated as Executive’s termination date for purposes of the Company’s stock option and restricted stock programs.

 In all events, Executive’s right to receive the CIC Benefits shall cease immediately if Executive is re-employed by the
Company or an affiliate of the Company or if Executive breaches any of the Restrictive Covenants. In all cases, the Company’s rights under Section 5 shall continue. 
 4.03. Other Provisions Regarding Payments and Benefits 
  

	(a)	No Mitigation; No Offset 

 In the event of any
termination of employment resulting in payments under this Section 4, Executive need not seek other employment and, except as expressly provided herein, there shall be no offset against amounts due to Executive under this Agreement on account
of any remuneration attributable to any subsequent employment that he may obtain. 
  

	(b)	Settlement and Release 

 The payments and benefits
provided for hereunder shall be in full settlement and satisfaction of all of Executive’s claims and demands relating to or arising out of Executive’s employment with the Company or the termination thereof; provided, however, such
settlement and release does not apply to (i) any rights or benefits as set forth in this Agreement and (ii) any rights to indemnification to which Executive is entitled under the Company’s Certificate of Incorporation, Bylaws, or any
other applicable indemnification agreements entered into between Executive and the Company. The Company’s obligation to provide such payments and benefits is expressly made subject to and conditioned upon (i) Executive’s execution,
within forty-five (45) days after the Termination Date, of a release of such claims and demands in such form as the Company may reasonably determine and (ii) Executive’s non-revocation of such release in accordance with the terms
thereof. 
  

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	(c)	Nature of Payments 

 Any amounts due under this
Section 4 are in the nature of severance payments considered to be reasonable by the parties and are not in the nature of a penalty. 
  

	(d)	Benefit Plans 

 If, for any period during which
Executive is entitled to continued benefits under this Section 4, the Company reasonably determines that Executive cannot participate in any benefit plan because he is not actively performing services for the Company, then, in lieu of providing
benefits under any such plan, the Company shall provide comparable benefits or the cash equivalent of the cost thereof (after taking into account incremental payroll and income tax consequences thereof to Executive and Executive’s dependents as
the case may be) to Executive and, if applicable, Executive’s dependents through other arrangements. 
  

	(e)	Other Severance Arrangements 

 Subject to
Section 2.05 and except as may be otherwise specifically provided in an amendment of this Section 4.03(e) adopted in accordance with this Agreement, Executive’s rights under Section 4 shall be in lieu of any benefits that may be
otherwise payable to or on behalf of Executive pursuant to the terms of the Severance Agreement or any other Company separation plans or policies or any other similar arrangement of the Company providing benefits upon termination of employment.

  

	(f)	Time of Payments 

 If the amount of any payment
provided for in Section 4.01 or 4.02 cannot reasonably be calculated on or before the date on which such payment is due, the Company shall pay to Executive on such date an estimate, as calculated in good faith by the Company, of the minimum
amount of such payment and shall pay the remainder of such payments when reasonably calculable. 
 5. Enforcement and Equitable Remedies 

Executive consents to jurisdiction and venue in the state and federal courts in and for Johnson County, Kansas, for all disputes arising under this Agreement;
provided, however, that the Company may seek injunctive relief in any court of competent jurisdiction to enjoin any violation of Sections 3.02 through 3.07 (the “Restrictive Covenants”). Executive acknowledges that the Company would
be irreparably injured by a violation of the Restrictive Covenants, and he agrees that the Company, in addition to any other remedies available to it for any breach or threatened breach, shall be entitled to a preliminary or permanent injunction,
temporary restraining order, or other equitable relief, restraining Executive from any actual or threatened breach of the Restrictive Covenants. If a bond is required to be posted in order for the Company to secure an injunction or other equitable
remedy, the parties agree that the bond need not be more than a nominal sum. THE COMPANY AND EXECUTIVE VOLUNTARILY WAIVE ANY RIGHT TO TRIAL BY JURY AND CONSENT TO A BENCH TRIAL OF ALL DISPUTES ARISING UNDER THIS AGREEMENT. 
  

 13 

 If Executive materially breaches any of the Restrictive Covenants or if any of those provisions are held to be
unenforceable against Executive, Executive shall return any compensation or benefits paid pursuant to Section 4. This remedy is a return of consideration and shall be in addition to any other remedies. During Executive’s employment with
the Company, the Committee shall determine whether Executive has materially breached the Restrictive Covenants, and the Committee’s determination shall be final. 
 6. Definitions 
 As used in this Agreement, the following terms shall have the meanings set forth below. 

6.01. Actual Incentive Payout 
 “Actual
Incentive Payout” means, with respect to a Performance Period, the product of (1) the Performance Measure for the Performance Period and (2) Executive’s Targeted Compensation for the Performance Period. 
 6.02. Affiliate 
 “Affiliate” means,
with respect to any person, a person, other than a Subsidiary of such person, (i) controlling, controlled by, or under common control with such person and (ii) any other person with whom such person reports consolidated financial
information for financial reporting purposes. “Control” for this purpose means direct or indirect possession by one person of voting or management rights of at least 20% with respect to another person. 
 6.03. Base Salary 
 “Base Salary” shall
have the meaning as defined in Section 2.01 of this Agreement. 
 6.04. Board 
 “Board” shall mean the Board of Directors of Sprint. 
 6.05.
Capped Incentive Payout 
 “Capped Incentive Payout” means, with respect to a Performance Period under the Incentive Plan,
the product of (1) the lesser of (a) 100% and (b) the Performance Measure for the Performance Period and (2) Executive’s Targeted Compensation for the Performance Period. 
 6.06. Cause 
 Termination by the Company of
Executive’s employment for “Cause” means termination upon 
  

	 	(i)	the willful and continued failure by Executive to substantially perform his duties with the Company (other than any such failure resulting from Executive’s incapacity due to
physical or mental illness) after a written demand for substantial performance is delivered to Executive by the Company, which demand specifically identifies the manner in which the Company believes that Executive has not substantially performed his
duties, or 

  

 14 

	 	(ii)	the willful engaging by Executive in conduct that is a violation of the Company’s Principles of Business Conduct (or any successor code of conduct), or

  

	 	(iii)	the willful act, or failure to act, by Executive that is injurious to the Company, or 

  

	 	(iv)	the willful violation by Executive of any of the Restrictive Covenants. 

 For purposes of this definition, no act, or failure to act, on Executive’s part shall be deemed “willful” (x) unless done, or omitted to be done, by Executive not in good faith and without
reasonable belief that Executive’s action or omission was in the best interest of the Company, or (y) unless done, or omitted to be done, by Executive with reckless disregard for Executive’s duties. Failure to meet performance
expectations, unless willful, continuing, and substantial, shall not be considered “Cause.” 
 6.07. Change in Control

 “Change in Control” means the occurrence of any of the following events: 
  

	 	(i)	the acquisition, directly or indirectly, by any “person” or “group” (as those terms are defined in Sections 3(a)(9), 13(d), and 14(d) of the Securities Exchange
Act of 1934 (the “Exchange Act”) and the rules thereunder, including, without limitation, Rule 13d-5(b)) of “beneficial ownership” (as determined pursuant to Rule 13d-3 under the Exchange Act) of securities entitled to
vote generally in the election of directors (“voting securities”) of Sprint that represent 30% or more of the combined voting power of Sprint’s then outstanding voting securities, other than 

  

	 	(A)	an acquisition by a trustee or other fiduciary holding securities under any employee benefit plan (or related trust) sponsored or maintained by Sprint or any person controlled by
Sprint or by any employee benefit plan (or related trust) sponsored or maintained by Sprint or any person controlled by Sprint, or 

  

	 	(B)	an acquisition of voting securities by Sprint or a corporation owned, directly or indirectly, by the stockholders of Sprint in substantially the same proportions as their ownership
of the stock of Sprint, or 

  

	 	(C)	an acquisition of voting securities pursuant to a transaction described in clause (iii) below that would not be a Change in Control under clause (iii);

  

	 	(ii)	a change in the composition of the Board that causes less than a majority of the directors of Sprint to be directors that meet one or more of the following descriptions:

  

	 	(A)	a director who has been a director of Sprint for a continuous period of at least 24 months, or 

  

 15 

	 	(B)	a director whose election or nomination as director was approved by a vote of at least two-thirds of the then directors described in clauses (ii)(A), (B), or (C) by prior
nomination or election, but excluding, for the purpose of this subclause (B), any director whose initial assumption of office occurred as a result of an actual or threatened (y) election contest with respect to the election or removal of
directors or other actual or threatened solicitation of proxies or consents by or on behalf of a person or group other than the Board or (z) tender offer, merger, sale of substantially all of Sprint’s assets, consolidation, reorganization,
or business combination that would be a Change in Control under clause (iii) on consummation thereof, or 

  

	 	(C)	who were serving on the Board as a result of the consummation of a transaction described in clause (iii) that would not be a Change in Control under clause (iii);

  

	 	(iii)	the consummation by Sprint (whether directly involving Sprint or indirectly involving Sprint through one or more intermediaries) of (x) a merger, consolidation, reorganization,
or business combination or (y) a sale or other disposition of all or substantially all of Sprint’s assets or (z) the acquisition of assets or stock of another entity, in each case, other than in a transaction 

 

	 	(A)	that results in Sprint’s voting securities outstanding immediately before the transaction continuing to represent (either by remaining outstanding or by being converted into
voting securities of Sprint or the person that, as a result of the transaction, controls, directly or indirectly, Sprint or owns, directly or indirectly, all or substantially all of Sprint’s assets or otherwise succeeds to the business of
Sprint (Sprint or such person, the “Successor Entity”)) directly or indirectly, at least 50% of the combined voting power of the Successor Entity’s outstanding voting securities immediately after the transaction, and

  

	 	(B)	after which more than 50% of the members of the board of directors of the Successor Entity were members of the Board at the time of the Board’s approval of the agreement
providing for the transaction or other action of the Board approving the transaction (or whose election or nomination was approved by a vote of at least two-thirds of the members who were members of the Board at that time), and

  

	 	(C)	after which no person or group beneficially owns voting securities representing 30% or more of the combined voting power of the Successor Entity; provided, however, no person or
group shall be treated for purposes of this clause (C) as beneficially owning 30% or more of combined voting power of the Successor Entity solely as a result of the voting power held in Sprint prior to the consummation of the transaction; or

  

 16 

	 	(iv)	a liquidation or dissolution of Sprint. 

 For purposes of
clarification, (x) a change in the voting power of Sprint voting securities based on the relative trading values of Sprint’s then outstanding securities as determined pursuant to Sprint’s Articles of Incorporation, or (y) an
acquisition of Sprint securities by Sprint that, in either case, by itself (or in combination only with the other event listed in this sentence) causes the Sprint voting securities beneficially owned by a person or group to represent 30% or more of
the combined voting power of Sprint’s then outstanding voting securities, is not to be treated as an “acquisition” by any person or group for purposes of clause (i) above. For purposes of clause (i) above, Sprint makes the
calculation of voting power as if the date of the acquisition were a record date for a vote of Sprint’s shareholders, and for purposes of clause (iii) above, Sprint makes the calculation of voting power as if the date of the consummation
of the transaction were a record date for a vote of Sprint’s shareholders. 
 6.08. CIC Benefits 
 “CIC Benefits” shall have the meaning as defined in Section 4.02 of this Agreement. 
 6.09. CIC Good Reason 
 “CIC Good Reason” means the occurrence, within a CIC Protected
Period, of any one or more of the following events or circumstances without Executive’s prior written consent unless one or more of the events or circumstances are corrected, in all material respects, in accordance with Section 1.04(c) of
this Agreement: 
  

	 	(i)	a substantial adverse alteration in the nature or status of Executive’s duties from those in effect immediately before the Change in Control, any reduction in job grade or any
substantial adverse alteration of Executive’s title from that in effect immediately before the Change in Control; 

  

	 	(ii)	a reduction by the Company in Executive’s Base Salary as in effect on the Effective Date or as the same may be increased from time to time, except for across-the-board salary
reductions similarly affecting all officers of the Company and all officers of any person in control of the Company; 

  

	 	(iii)	the failure by the Company, without Executive’s consent, to pay to Executive any portion of Executive’s current compensation within seven days of the date it is due,
except pursuant to an across-the-board compensation deferral similarly affecting all officers of the Company and all officers of any person in control of the Company; 

  

	 	(iv)	(A) the relocation of the Company’s principal executive offices to a location outside the metropolitan area in which such offices are located immediately before the Change
in Control; or (B) the Company’s requiring Executive to be 

  

 17 

 based anywhere other than the Company’s principal executive offices except for required travel on
the Company’s business to an extent substantially consistent with Executive’s present business travel obligations; or (C) the Company’s requiring Executive to travel to an extent substantially inconsistent with Executive’s
business travel obligations as in effect immediately before the Change in Control; 
  

	 	(v)	a substantial and involuntary adverse alteration in the physical conditions under or in which Executive is expected to perform Executive’s duties, other than an alteration
similarly affecting all officers of the Company and all officers of any person in control of the Company; 

  

	 	(vi)	the Company’s failure to continue in effect any compensation plan in which Executive participated immediately before the Change in Control and that is material to
Executive’s total compensation, including but not limited to the Incentive Plan or any substitute plans adopted before the Change in Control, unless an equitable arrangement (embodied in an ongoing substitute or alternative plan) has been made
with respect to the plan, or the Company’s failure to continue Executive’s participation therein (or in such substitute or alternative plan) on a basis not materially less favorable, both in terms of the amount of benefits provided and the
level of Executive’s participation relative to other Senior Officers, as existed at the time of the Change in Control; 

  

	 	(vii)	the Company’s failure to continue to provide Executive with benefits substantially similar in the aggregate to those he enjoyed under any of the Company’s benefit plans in
which Executive was participating at the time of the Change in Control; the taking of any action by the Company that would directly or indirectly materially reduce any of such benefits or deprive Executive of any material fringe benefit enjoyed by
Executive at the time of the Change in Control; or the failure by the Company to provide Executive with the number of paid vacation days to which Executive is entitled on the basis of years of service with the Company in accordance with the
Company’s normal vacation policy in effect at the time of the Change in Control; unless, in any of the foregoing events, an equitable arrangement (embodied in an ongoing substitute or alternative plan) has been made with respect to such
benefits; 

  

	 	(viii)	the Company’s failure to obtain a satisfactory agreement from any successor to assume and agree to perform this Agreement, as contemplated in Section 7 hereof; or

  

	 	(ix)	the Company’s attempt to terminate Executive’s employment without complying with the procedures set forth in Section 1.04; any such attempt shall not be effective.

  

 18 

 6.10. CIC Protected Period 
 “CIC Protected Period” means a period commencing on the date of a Change in Control and ending on the earlier to occur of (A) the two year anniversary of the date of the Change in Control or
(B) the day before the End Date. 
 6.11. CIC Severance Period 
 “CIC Severance Period” shall have the meaning as defined in Section 4.02(i) of this Agreement. 
 6.12.
CIC Termination Period Incentive Payout 
 “CIC Termination Period Incentive Payout” means an amount equal to the weighted
average of (1) the Actual Incentive Payout for the Termination Performance Period and (2) Executive’s Targeted Compensation for the Termination Performance Period. The weights in the weighted average will be, for the amount in clause
(1), the number of months in the Performance Period occurring before the Termination Date, and, for clause (2), the number of months in the Performance Period occurring after the Termination Date and before the end of the CIC Severance Period, in
each case divided by the number of months in the Performance Period. In determining the number of months, the Termination Date will be rounded to the nearest month, rounding to the beginning of the month if the Termination Date falls on or before
the 15th of the month and to the beginning of the following month if the Termination Date falls after the 15th of the month. 
 6.13.
Committee 
 “Committee” means the Compensation Committee of the Board or any successor committee primarily responsible for
executive compensation. 
 6.14. Competitive Employment 
 “Competitive Employment” means the performance of duties or responsibilities, or the supervision of individuals performing such duties or responsibilities, for a Competitor 
  

	 	(i)	(A) that are of a similar nature or employ similar professional or technical skills (for example, executive, managerial, marketing, engineering, legal, etc.) to those employed
by Executive in his performance of services for the Company at any time during the two years before the Termination Date, and 

  

	 	(B)	that relate to products or services that are competitive with any of the Company’s products or services with respect to which Executive performed services for the Company at
any time during the two years before the Termination Date, 

 or 
  

 19 

	 	(ii)	in the performance of which, Proprietary Information to which Executive had access at any time during the two-year period before the Termination Date could be of substantial
economic value to the Competitor. 

 6.15. Competitor 
 Because of the highly competitive, evolving nature of the Company’s industry, the identities of companies in competition with the Company are likely to change over time. The following tests, while not exclusive
indications of what employment may be competitive, are designed to assist the parties and any court in evaluating whether particular employment is prohibited under this Agreement. 
 “Competitor” means any one or more of the following 
  

	 	(i)	any person doing business in the United States or any of its Divisions employing Executive if the person or its Division receives at least 15% of its gross operating revenues from
providing communications services of any type (for example, voice, data, including Internet, and video), employing any transmission medium (for example, wireline, wireless, or any other technology), over any distance (for example, local,
long-distance, and distance insensitive services), using any protocol (for example, circuit-switched, or packet-based, such as Internet Protocol), or services or capabilities ancillary to such communications services (for example, web hosting and
network security services); 

  

	 	(ii)	any person doing business in the United States or any of its Divisions employing Executive if the person or its Division receives at least 15% of its gross operating revenue from a
line of business in which the Company receives at least 3% of its gross operating revenues; 

  

	 	(iii)	any person doing business in the United States, or any of its Divisions employing Executive, operating for less than 5 years a line of business from which the Company derives at
least 3% of its gross operating revenues, notwithstanding such person’s or Division’s lack of substantial revenues in such line of business; or 

  

	 	(iv)	any person doing business in the United States, or any of its Divisions employing Executive, if the person or its Division receives at least 15% of its gross operating revenue from
a line of business in which the Company has operated for less than 5 years, notwithstanding the Company’s lack of substantial revenues in such line of business. 

 For purposes of the foregoing, gross operating revenues of the Company and such other person shall be those of the Company or such person, together with
their Consolidated Affiliates, but those of any Division employing or proposing to employ Executive shall be on a stand-alone basis, all measured by the most recent available financial information of both the Company and such other person or
Division at the time Executive accepts, or proposes to accept, employment with or to otherwise perform services for such person. If financial information is not publicly available or is inadequate for purposes of applying this definition, the burden
shall be on Executive to demonstrate that such person is not a Competitor. 
  

 20 

 6.16. Consolidated Affiliate 
 “Consolidated Affiliate” means, with respect to any person, all Affiliates and Subsidiaries of such person, if any, with whom the financial statements of such person are required, under generally accepted
accounting principles, to be reported on a consolidated basis. 
 6.17. Division 
 “Division” means any distinct group or unit organized as a segment or portion of a person that is devoted to the production, provision, or management of a
common product or service or group of related products or services, regardless of whether the group is organized as a legally distinct entity. 
 6.18.
Employment Term 
 “Employment Term” shall have the meaning as defined in Section 1.03 of this Agreement. 

6.19. End Date 
 “End Date” shall
have the meaning as defined in Section 1.03 of this Agreement. 
 6.20. Final Targeted Compensation 
 “Final Targeted Compensation” means the Targeted Compensation of Executive for the Termination Performance Period. 
 6.21. FON Common Stock 
 “FON Common
Stock” means Sprint’s FON Common Stock, Series 1, $2.00 par value per share. 
 6.22. Incentive Plan 
 “Incentive Plan” means the Company’s Management Incentive Plan, together with other incentive compensation plans specifically approved for this purpose by
the Committee. 
 6.23. Non-CIC Benefits 
 “Non-CIC Benefits” shall have the meaning as defined in Section 4.01 of this Agreement. 
 6.24. Non-CIC Good
Reason 
 “Non-CIC Good Reason” means the occurrence of any one or more of the following events or circumstances without
Executive’s prior written consent unless one or more of the events or circumstances are corrected, in all material respects, in accordance with Section 1.04(d) of this Agreement: 
  

	 	(i)	unless the Company first offers to Executive a position having an equal or greater grade rating, reassignment of Executive from his then current position with the Company to a
position having a lower grade rating, in each case under the Company’s methodology of rating employment positions for its employees generally; 

  

 21 

	 	(ii)	a reduction within any 24-month period (other than an across-the-board reduction similarly affecting all Senior Officers) of Executive’s Targeted Total Compensation to an
amount that is less than 90% of Executive’s highest Targeted Total Compensation during the 24-month period; or 

  

	 	(iii)	the Company’s requiring that Executive be based anywhere other than the Kansas City metropolitan area. 

 6.25. Non-CIC Severance Period 
 “Non-CIC
Severance Period” shall have the meaning as defined in Section 4.01(i) of this Agreement. 
 6.26. Non-CIC Termination Period
Incentive Payout 
 “Non-CIC Termination Period Incentive Payout” means an amount equal to the weighted average of (1) the
Actual Incentive Payout for the Termination Performance Period and (2) the Capped Incentive Payout for the Termination Performance Period. The weights in the weighted average will be for the amount in clause (1), the number of months in the
Performance Period occurring before the Termination Date, and, for clause (2), the number of months in the Performance Period occurring after the Termination Date and before the end of the Non-CIC Severance Period, in each case divided by the number
of months in the Performance Period. In determining the number of months, the Termination Date will be rounded to the nearest month, rounding to the beginning of the month if the Termination Date falls on or before the 15th of the month and to the
beginning of the following month if the Termination Date falls after the 15th of the month. 
 6.27. Non-Compete Period

 “Non-Compete Period” means the 18-month period beginning on the Termination Date. If Executive breaches or violates any of the covenants or
provisions of this Agreement, the running of the Non-Compete Period shall be extended for an additional period equal to the period the breach or violation continues. 
 6.28. PCS Common Stock 
 “PCS Common Stock” means Sprint’s PCS Common Stock,
Series 1, $1.00 par value per share. 
  

 22 

 6.29. Performance Measure 
 “Performance Measure” means, with respect to any Performance Period, a measure, expressed as a percentage, of the extent to which the performance goals were achieved, as determined by the Committee, during
the Performance Period. 
 6.30. Performance Period 
 “Performance Period” means a period of time under the Incentive Plan for which the Committee establishes performance goals for the Company’s business units and authorizes payment of incentive
compensation based on a measure of the extent to which those goals were achieved during the period. 
 6.31. Prior Awards

 “Prior Awards” shall have the meaning as defined in the fifth Recital to this Agreement. 
 6.32. Post I Termination Performance Period 
 “Post I Termination Performance Period” means the Performance Period immediately following the Termination Performance Period. 
 6.33.
Post II Termination Performance Period 
 “Post II Termination Performance Period” means the Performance Period immediately
following the Post I Termination Performance Period. 
 6.34. Proceeding 
 “Proceeding” shall have the meaning as defined in Section 3.08 of this Agreement. 
 6.35. Proprietary Information 
 “Proprietary Information” means trade secrets (such as
customer information, technical and non-technical data, a formula, pattern, compilation, program, device, method, technique, drawing, or process) and other confidential and proprietary information concerning the products, processes, or services of
the Company or the Company’s affiliates, including but not limited to: computer programs, unpatented or unpatentable inventions, discoveries or improvements; marketing, manufacturing, organizational, or research and development results and
plans; business and strategic plans; sales forecasts and plans; personnel information, including the identity of other employees of the Company, their responsibilities, competence, abilities, and compensation; pricing and financial information;
current and prospective customer lists and information on customers or their employees; information concerning purchases of major equipment or property; and information about potential mergers, acquisitions or other transactions which information:
(i) has not been made known generally to the public, and (ii) is useful or of value to the current or anticipated business, or research or development activities of the Company or of any customer or supplier of the Company, or
(iii) has been identified to Executive as confidential by the Company, either orally or in writing. 
  

 23 

 6.36. Restrictive Covenants 
 “Restrictive Covenants” means those covenants applicable to Executive set forth in Section 3.02 through 3.07 of this Agreement. 
 6.37. Senior Officer 
 “Senior Officer” means a person who is an officer of the Company
within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended (or any successor statute or statutes thereto), and the rules and regulations promulgated thereunder. 
 6.38. Severance Agreement 
 “Severance
Agreement” shall have the meaning as defined in the fourth recital to this Agreement. 
 6.39. Subsidiary 
 “Subsidiary” means, with respect to any person (the “Controlling Person”), all other persons (the “Controlled Persons”) in
whom the Controlling Person, alone or in combination with one or more of its Subsidiaries, owns or controls more than 50% of the management or voting rights, together with all Subsidiaries of such Controlled Persons. 
 6.40. Targeted Compensation 
 “Targeted
Compensation” means the amount established by the Committee that would be the payout under the Incentive Plan, if the Performance Measure for the Performance Period were 100%. 
 6.41. Targeted Total Compensation 
 “Targeted Total Compensation” means, as of any
time, the sum of Executive’s (1) Base Salary, (2) Targeted Compensation, and (3) targeted value of his annual stock option award, annual restricted stock or restricted stock unit award (ignoring the value of the options,
restricted stock or restricted stock units granted before the Effective Date) as adopted by the Committee. 
 6.42. Termination Date

 “Termination Date” means (i) in the case of a termination of Executive’s employment by reason of Executive’s death,
Executive’s date of death, (ii) in the case of a termination of Executive’s employment by reason of a Non-CIC Good Reason, the date which is thirty (30) days after the notice of termination is given, and (iii) in all other
cases, the date of any notice of termination or the date, if any, on which the notice declares itself to be effective (but in no event later than the 60th day after the date on which such notice is given). 
  

 24 

 6.43. Termination Performance Period 
 “Termination Performance Period” means the Performance Period in which Executive’s Termination Date occurs. 
 6.44. Total Disability 
 “Total
Disability” shall have the same meaning as in Sprint’s Long-Term Disability Plan, as amended from time to time or any successor plan. 
 7.
Assignability, Binding Nature 
 This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors, heirs (in
the case of Executive), and assigns. No rights or obligations of the Company under this Agreement may be assigned or transferred by the Company except that they may be assigned or transferred to any subsidiary of Sprint or pursuant to a merger or
consolidation in which the Company is not the continuing entity, or the sale or liquidation of all or substantially all of the assets of the Company, but only if the assignee or transferee becomes the successor to all or substantially all of the
assets of the Company and assumes the liabilities, obligations, and duties of the Company, as contained in this Agreement, either contractually or as a matter of law. The Company further agrees that, in the event of a sale of assets or liquidation
as described in the preceding sentence, it will take whatever action it legally can in order to cause the assignee or transferee to expressly assume the liabilities, obligations, and duties of the Company hereunder. 
 No rights or obligations of Executive under this Agreement may be assigned or transferred by Executive other than his rights to compensation and benefits, which may be
transferred only in connection with Executive’s estate planning objectives or by will or operation of law. If Executive should die or become disabled while any amount is owed but unpaid to Executive hereunder, all such amounts, unless otherwise
provided herein, shall be paid to Executive’s legal guardian or to his devisee, legatee or other designee, as the case may be, or if there is no such designee, to Executive’s estate. 
 8. Amendment 
 This Agreement may be amended, modified, or canceled
only by mutual agreement of the parties in writing. 
 9. Applicable Law 
 The provisions of this Agreement shall be construed in accordance with the internal laws of the State of Kansas, without regard to the conflict of law provisions of any state. 
 10. Tax Withholding 
 All payments made pursuant to this Agreement
shall be subject to applicable federal, state and local income and other withholding taxes, and to other applicable withholdings or deductions elected by Executive or otherwise required by law or judicial process. 
  

 25 

 11. Severability 
 The
parties intend the various provisions of this Agreement to be severable and to constitute independent and distinct binding obligations. If any provision of this Agreement is determined to be invalid, illegal, or incapable of being enforced, in whole
or in part, it shall not affect or impair the validity of any other provision or part of this Agreement, and the provision or part shall be deemed modified to the minimum extent required to permit enforcement. Upon such a determination that any term
or other provision is invalid, illegal, or incapable of being enforced, the court or arbitrator, as applicable, shall have the authority to so modify the provision or term. If the provision or term is not modified by the court or arbitrator, the
parties must negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in an acceptable manner in order that the provisions of this Agreement are preserved to the greatest extent
possible. 
 12. Waiver of Breach 
 No waiver by any party
hereto of a breach of any provision of this Agreement by any other party, or of compliance with any condition or provision of this Agreement to be performed by such other party, will operate or be construed as a waiver of any subsequent breach by
the other party of any similar or dissimilar provisions and conditions at the same or any prior or subsequent time. The failure of either party to take any action by reason of such breach will not deprive the party of the right to take action at any
time while the breach continues. 
 13. Notices 
 Notices
and all other communications provided for in this Agreement shall be in writing and shall be delivered personally or sent by registered or certified mail, return receipt requested, postage prepaid, or prepaid overnight courier to the parties at the
addresses set forth below or at such other addresses as shall be specified by the parties by like notice: 
  

			
	 If to Executive:
	  	If to the Company:
		
	 Thomas A. Gerke
 14108 Fontana
 Leawood, Kansas 66224
	  	 Sprint Corporation
 Attn: Corporate Secretary
 6200 Sprint Parkway
 Overland Park, KS 66251

		
		  	 with copy to:

		
		  	 Sprint Corporation
 Attn: Senior Vice President – Human Resources
 6200 Sprint Parkway
 Overland Park, KS 66251

 or to the latest address furnished by Executive to the Company for purposes of general communications. 

 

 26 

 Each party, by written notice furnished to the other party, may modify the applicable delivery address, but any notice of
change of address shall be effective only upon receipt. Such notices, demands, claims and other communications shall be deemed given in the case of delivery by overnight service with guaranteed next day delivery, the next day or the day designated
for delivery; or in the case of certified or registered U.S. mail, five days after deposit in the U.S. mail, but in no event will any such communications be deemed to be given later than the date they are actually received. 
 14. Survivorship 
 Upon the expiration or other termination of this
Agreement, the respective rights and obligations of the parties shall survive the expiration or other termination to the extent necessary to carry out the intentions of the parties under this Agreement. In particular, without limiting the generality
of the preceding sentence, any obligation of the Company to make payments or provide services under Section 4 shall continue beyond the end of the Employment Term and the obligations and covenants of Executive set forth in Section 3, and
the rights and remedies of the Company with respect thereto, shall continue beyond the Employment Term to the extent contemplated therein. 
 15. Entire
Agreement 
 Except as otherwise noted herein, this Agreement constitutes the entire agreement between the parties concerning the subject matter
specifically addressed herein and, except for the terms and provisions of any other employee benefit or other compensation plans (or any agreements or awards thereunder) referred to herein or contemplated hereby, this Agreement supersedes

  

	 	(i)	all prior and contemporaneous oral agreements, if any, between the parties relating to the subject matter specifically addressed herein; and 

  

	 	(ii)	subject to Section 2.05, the Severance Agreement. 

 16. Headings

 The headings in this Agreement are for convenience of reference only and will not affect the construction of any of its provisions. 
 17. Counterparts 
 This Agreement may be executed in separate
counterparts, each of which is deemed to be an original and all of which taken together constitute one and the same agreement. 
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remainder of this page has intentionally been left blank.] 
  

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 IN WITNESS WHEREOF, the parties hereto have
caused this Agreement to be duly executed as of the date set forth above. 
  

			
	SPRINT CORPORATION
		
	By:	 	 /s/ Claudia S. Toussaint

		 	Claudia S. Toussaint, Vice President Law -
		 	Corporate Governance and Corporate Secretary
	
	SPRINT/UNITED MANAGEMENT COMPANY
		
	By:	 	 /s/ James G. Kissinger

		 	James G. Kissinger, Senior Vice
		 	President—Human Resources
	
	 /s/ Thomas A. Gerke

	Thomas A. Gerke, “Executive”

  

 28 

 Exhibit A 
 Boards of Directors of For-Profit Businesses 
 NONE 
  

 29Employment Agreement

 Exhibit 10.11 
 EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT AGREEMENT (this “Agreement”), dated as of
June 7, 2005 by and among SPRINT CORPORATION, a Kansas corporation (“SPRINT”), SPRINT/UNITED MANAGEMENT COMPANY, a Kansas corporation and Subsidiary of SPRINT (“SUMC”) (SPRINT, SUMC and their Subsidiaries are
collectively referred to herein as the “Company”; prior to the Spin-Off, “Company” may refer to SPRINT individually or to SPRINT, SUMC and their Subsidiaries collectively, as the context may require; after the
Spin-Off, “Company” shall refer to SpinCo individually or to SpinCo and its Subsidiaries collectively), and Daniel R. Hesse (“Executive”) (certain capitalized terms used herein being defined in Article 7).

 WHEREAS, the Board desires to employ Executive in the position and on the terms and conditions set forth below, and Executive desires to
accept such employment; and 
 WHEREAS, the Company and Executive desire to enter into this Agreement embodying the terms of such employment;

 NOW THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements of the parties set forth in this Agreement,
and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows: 
 ARTICLE 1 
 POSITION; TERM OF
AGREEMENT 
 Section 1.01. Position. (a) On June 7, 2005, Executive shall commence service as Chief
Executive Officer of Sprint’s Local Telecommunications Division, reporting directly to the Chief Executive Officer of Sprint (such commencement date, the “Effective Date”). Immediately following the Spin-Off, Executive shall
serve as President and Chief Executive Officer of SpinCo reporting directly to the Board and shall be a member of the Board. The Company’s headquarters in the Kansas City, Kansas greater metropolitan area shall be Executive’s principal job
location. 
 (b) As Chief Executive Officer of SpinCo, Executive shall have such duties and authority, consistent with such position, as
shall be determined from time to time by the Board and as is customary for the position of chief executive officer of a company of the size and nature of the business of SpinCo; provided, however, that Executive shall be the highest
ranking Senior Officer of SpinCo and that prior to the Spin-Off Executive shall report to the Chief Executive Officer of Sprint and following the Spin-Off, Executive shall report only to the Board, provided, further, that following the
Spin-Off all employees of SpinCo shall report, directly or indirectly, to Executive. 

 (c) Starting on the Effective Date, during the Employment Term Executive will devote substantially all of
his business time to the performance of his duties hereunder and will not engage in any other business, profession or occupation for compensation or otherwise without the prior written consent of the Board; provided that nothing herein shall
be deemed to preclude Executive, subject to the prior written consent of the Board, from serving on any business, civic or charitable board, as long as such activities do not materially interfere with the performance of Executive’s duties
hereunder. The Board shall be deemed to have consented from the Effective Date through the Spin-Off to Executive’s continuing to serve on the business, civic and charitable boards set forth on Exhibit A hereto. Following the Spin-Off, such
service shall be subject to the further consent of the Board. 
 Section 1.02. Term. Executive shall be employed by the Company
for a period commencing on the Effective Date and, subject to earlier termination or extension as provided herein, ending on June 30, 2008 (the “Employment Term”). On June 30, 2008 and each June 30 thereafter, the
Employment Term shall automatically be extended for one additional year unless not later than 90 days prior to such date the Company or Executive shall have given written notice of its or his intention not so to extend the Employment Term.
Notification requirements for a termination shall be subject to the provisions set forth in the definition of “Termination Date” as set forth in Article 7. 
 ARTICLE 2 
 COMPENSATION AND BENEFITS

 Section 2.01. Base Salary. Starting on the Effective Date, the Company shall pay Executive an annual base salary at the
initial annual rate of $900,000, payable in equal monthly installments or otherwise in accordance with the payroll and personnel practices of the Company from time to time. Base Salary shall be reviewed annually by the Board or a committee thereof
to which the Board may from time to time have delegated such authority (the “Committee”) for possible increase (but not decrease) in the sole discretion of the Board or the Committee, as the case may be. “Base
Salary” shall mean Executive’s annual base salary as it may be increased from time to time. 
 Section 2.02. Bonus.
Subject in each case to Executive’s continued employment as contemplated hereby: 
 (a) (i) With respect to each fiscal year in
the Employment Term, Executive shall be eligible to participate in the Company’s Short-Term Incentive Plan, with an annual target bonus opportunity of at least 120% of Base Salary (the “Basic Target Bonus Amount”) and a maximum
bonus payout not to exceed 200% of Basic Target Bonus Amount. Basic Target Bonus Amount shall be reviewed annually by the Board or the Committee for possible increase (but not decrease) in the sole discretion of the Board or the Committee, as the
case may be. Except as provided in Section 2.02(a)(ii) or as may be payable pursuant to Article 3, Executive is not guaranteed the payment of any annual bonus. 
  

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 (ii) Notwithstanding the foregoing, Executive shall be entitled to a minimum annual bonus for 2005 of a
pro-rata portion, based on the number of days Executive is employed with the Company in 2005, of the greater of $1,050,000 or the actual annual bonus payable based on Company performance for 2005 with respect such an annual target bonus opportunity
under the Short-Term Incentive Plan. In the event Executive’s employment terminates prior to January 1, 2006, the payment of such bonus shall be subject to the provisions of Article 3; provided, however, that otherwise, such bonus
shall be paid at the same time as annual bonuses for 2005 are paid to other Senior Officers (but not later than March 15, 2006). 
 Section 2.03. Initial Option and Restricted Stock Unit Grants.  
 (a) As of the Effective Date, the Company shall cause
the grant to Executive of nonqualified stock options under the Company’s 1997 Long-Term Stock Incentive Program (the “1997 Program”) to purchase 408,000 shares of FON Common Stock, at an exercise price equal to the Fair Market
Value of a share of FON Common Stock on the Effective Date (the “Initial Options”). Subject to the Executive’s continued employment with the Company, the Initial Options shall become exercisable as to 25% of the shares subject
thereto on each of the first four anniversaries of the Effective Date. The Initial Options shall otherwise have the standard terms set forth in, and shall be subject to, the 1997 Program except that the Initial Options shall contain provisions which
are consistent with the provisions of this Agreement, including without limitation Sections 3.02 and 3.05 hereof. 
 (b) As of the Effective
Date, the Company shall cause the grant to Executive under the 1997 Program of 157,000 restricted stock units relating to and payable on a one-for-one basis in FON Common Stock (the “Initial RSUs”). The initial RSUs shall vest in
full, subject to Executive’s continued employment with the Company, on the third anniversary of the Effective Date. Unless Executive elects in the time and manner specified by the Company to defer the payment of all or a portion of the vested
Initial RSUs, upon vesting such vested Initial RSUs shall be converted into shares of FON Common Stock, which shares shall be promptly distributed to Executive. Except as otherwise set forth in this Agreement, the Initial RSUs shall have the
standard terms set forth in, and shall be subject to, the 1997 Program except that the Initial RSUs shall contain provisions which are consistent with the provisions of this Agreement, including without limitation Sections 3.02 and 3.05 hereof.

 (c) (i) In connection with the Spin-Off, the Initial Options shall be adjusted into options relating to Sprint and/or SpinCo equity
securities in such manner as may be equitably determined by the Committee. 
 (ii) In connection with the Spin-Off, the Initial RSUs shall be
converted into restricted stock units relating to SpinCo common stock having a value equivalent to the Initial RSUs as of the Spin-Off. 
 (iii) All such adjusted options and converted restricted stock units shall contain provisions which are consistent with the provisions of this Agreement, including without limitation Sections 3.02 and 3.05 hereof. 
  

 3 

 (d) The Initial Option and Initial RSU award shall contain provisions consistent with those contained in,
and shall be substantially in the form of, Exhibit B hereto. 
 Section 2.04. Sign-on Bonus and First Annual Equity Award.
(a) On the Effective Date, the Company shall pay Executive a sign-on bonus of $600,000 in cash in a lump sum. 
 (b) The first
annual long-term equity incentive award by the Company to Executive following the grant of the Initial Options and Initial RSUs shall be made in 2006 at the same time as such grants are made to other executives of the Company designated to be
transferred to SpinCo and may consist of one or more grants, having such terms and conditions, including performance conditions, as the Committee may determine; provided, however, that such award shall contain provisions which are consistent with
the provisions of this Agreement, including without limitation Sections 3.02 and 3.05 hereof., and shall have an aggregate grant date value as determined by the Committee of not less than $7,000,000 (the “First Annual Award”). To
the extent that the First Annual Award consists of stock options or restricted stock units, it shall contain provisions which are consistent with the provisions of Exhibit B hereto (subject to the provisions of Article 3 hereof) as well as any
performance conditions as the Committee may determine. Provided that Executive is continuously employed by the Company through the earlier of (w) the date on which such grants are made to other executives of the Company designated to be
transferred to SpinCo and (x) March 15, 2006, the First Annual Award shall be granted to Executive not later than the earlier of (y) December 31, 2006 and (z) immediately prior to the first to occur of the termination of
Executive’s employment (i) without Cause, (ii) for Good Reason or (iii) for Constructive Discharge. In connection with the Spin-Off, the First Annual Award shall be converted into an award relating to Sprint and/or SpinCo equity
securities in such manner as may be equitably determined by the Committee. 
 Section 2.05. Employee Benefits. (a) During
the Employment Term Executive shall be eligible to participate in compensation programs and to receive employee benefits, perquisites, vacation and indemnification on terms and conditions no less favorable than those made available generally to the
Senior Officers designated to be transferred to SpinCo, as such compensation programs, benefits, perquisites, vacation and indemnification arrangements shall be in effect from time to time. 
 Section 2.06. Business Expenses and Relocation. (a) Reasonable travel, entertainment and other business expenses incurred by Executive
in the performance of his duties hereunder shall be reimbursed by the Company in accordance with Company policies as in effect from time to time. 
 (b) Executive shall be required to relocate to the greater Kansas City metropolitan area promptly after the Effective Date. In connection with such relocation, Executive shall be eligible to participate in Sprint’s Executive – New
Employee Relocation Program, exceptions to which shall be administered in a manner consistent with Sprint’s normal exception process thereunder subject in each case to approval by the Chief Executive Officer of Sprint, including with respect to
the purchase of Executive’s home, interim living arrangements, and transportation and storage of belongings. 
  

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 ARTICLE 3 
 CERTAIN BENEFITS 
 Section 3.01. Certain Events. (a) A
“Qualifying Event” means the involuntary termination of Executive’s employment by the Company other than (x) for Cause, or (y) by reason of Executive’s death or Disability. 
 (b) A “Severance Event” means any of the following events: (i) Executive’s voluntary termination of employment for Good
Reason, provided the event or events constituting Good Reason occur during the Employment Term and within the 24 month period following a Change in Control or (ii) a Qualifying Event occurring during such 24-month period. 
 (c) A “Separation Event” means any of the following events: (i) Executive’s voluntary termination of employment for
Constructive Discharge; provided (x) the event or events constituting a Constructive Discharge occur during the Employment Term and other than during the 24-month period beginning on the date of a Change in Control and (y) such termination
occurs within 90 days after the occurrence of an event constituting a Constructive Discharge; or (ii) a Qualifying Event occurring other than during the 24-month period beginning on the date of a Change in Control. 
 (d) In the event of any termination of employment during the Employment Term, Executive shall be entitled to receive from the Company, subject to
Executive’s execution of a release in form and substance reasonably acceptable to Executive and Company, either the Severance Benefits to the extent and as described in Section 3.03, the relevant Separation Benefits to the extent and as
described in Section 3.04, or the benefits to the extent and as described in Section 3.05, as the case may be. 
 Section 3.02. Treatment of Equity-Based Awards. (a) Notwithstanding the provisions of the 1997 Program, in the event that a Severance Event occurs during the Employment Term, or in the event of a Separation Event within two
months following Abandonment of the Spin-Off, subject to Executive’s not being in willful and material breach of subsections (b)-(h) of Section 6.15 the Initial Options, Initial RSUs and First Annual Award (collectively,
“Awards”) shall continue to vest during the Continuation Period and to the extent not vested on the last day of the Continuation Period, shall become immediately vested and nonforfeitable (and to the extent such Awards are options,
exercisable) on that day. Subject to Executive’s compliance with Section 6.15, such options shall remain exercisable until the expiration of six months following the last day of the Continuation Period (the “Option Termination
Date”). All other equity-based awards made to Executive during the Employment Term shall be governed by their terms upon such a termination. 
 (b) Notwithstanding the provisions of the 1997 Program, in the event that a Separation Event occurs during the Employment Term other than as described in Section 3.02(a), subject to Executive’s not being in
willful and material breach of subsections (b)-(h) of Section 6.15, unvested Awards held by Executive shall continue to vest during the Continuation Period and to the extent not vested on the last day of the Continuation Period, the
Initial Options and Initial 
  

 5 

 RSUs shall vest on that day and any unvested portion of the First Annual Award shall be forfeited. To the extent Awards
becoming so vested are options, the vested Initial Options shall remain exercisable until the Option Termination Date and the vested option portion of the First Annual Award shall remain exercisable until three months following the last day of the
Continuation Period. All other equity-based awards made to Executive during the Employment Term shall be governed by their terms upon such a termination. 
 (c) Except as otherwise provided herein, in the event of the termination of Executive’s employment for Cause the treatment of Awards shall be governed by the standard terms set forth in the 1997 Program and in
the event of Executive’s death or Disability during the Employment Term, the treatment of Awards shall be governed by Section 3.05 hereof. 
 (d) In the event of Executive’s voluntary termination of employment other than upon a Constructive Discharge or for Good Reason or upon the lapse of this Agreement pursuant to a notice of non-renewal by Executive
under Section 1.02, all unvested Awards shall be immediately forfeited and to the extent that Awards are options that were exercisable immediately prior to such termination of employment, subject to Executive’s not being in willful and
material breach of subsections (b)-(h) of Section 6.15, such vested options shall remain exercisable until the expiration of three months following the date of such termination. 
 Section 3.03. Other Severance Benefits. Except to the extent provided in Section 6.07 and Section 6.08, Executive shall be entitled
to the following benefits (the “Severance Benefits”) upon a Severance Event: 
 (a) (i) The Company shall pay Executive
as soon as practicable a lump sum, in cash, equal to Executive’s earned but unpaid Base Salary and any other earned but unpaid cash entitlements for the period through and including the date of termination of Executive’s employment,
including unused earned vacation pay and unreimbursed documented business expenses (collectively, “Accrued Compensation”). 
 (ii) The Company shall pay to Executive as soon as practicable an amount in cash equal to the product of (x) the greater of Executive’s target bonus opportunity for the year in which the Change in Control occurred and the year in
which the Severance Event occurs (such greater amount, the “CIC Bonus Amount”) times (y) a fraction, the numerator of which is the number of days in the year of termination through the Termination Date and the denominator of
which is 365. 
 (iii) In addition, Executive shall be entitled to any other vested benefits earned by Executive for the period through and
including the date of termination of Executive’s employment under any other employee benefit plans, policies, practices, programs and arrangements maintained by the Company, in accordance with their terms, except as modified herein
(collectively, “Accrued Benefits”). 
 (b) The Company shall pay Executive compensation during the Continuation Period at an
annual rate equal to the sum of the amounts set forth in Clauses (i) and (ii) below, payable in equal monthly installments (each such installment, the “Severance Amount”) during the Continuation Period in accordance with
the applicable Company payroll system: 
 (i) Executive’s Base Salary at its highest annual rate in effect during the period beginning
immediately prior to the date of the Change in Control to which such Severance Event relates and ending on the date of such Severance Event; and 
  

 6 

 (ii) the CIC Bonus Amount. 
 (c) Except as otherwise provided herein, during the Continuation Period the Company will provide Executive with all applicable executive perquisites that Executive was receiving or was entitled to receive on the
Termination Date (the “Additional Benefits”). 
 Section 3.04. Other Separation Benefits. (a) Except to the
extent provided in Section 6.07 and Section 6.08, upon a Separation Event Executive shall be entitled to the benefits set forth below (the “Separation Benefits”): 
 (i) The Accrued Compensation; 
 (ii) The
Accrued Benefits; 
 (iii) An amount in cash equal to the product of (x) Executive’s actual annual bonus under the Short-Term
Incentive Plan for the year in which Executive’s employment terminates based on the actual performance for such year, times (y) a fraction, the numerator of which is the number of days in such year through the Termination Date and the
denominator of which is 365 (the “Pro-Rata Bonus Amount”). The Pro-Rata Bonus Amount shall be paid to Executive at the time benefits under the Short-Term Incentive Plan for such year are paid to other participants therein and it
shall not be a requirement that Executive be employed by the Company at the time such benefits are payable to other participants; and 
 (iv)
Compensation during the Continuation Period at an annual rate equal to the sum of (i) the Base Salary as in effect at the time of such termination and (ii) Executive’s target bonus opportunity under the Short-Term Incentive Plan for
the year in which the Separation Event occurs, payable in equal monthly installments (each such installment, the “Separation Amount”) during the Continuation Period in accordance with the applicable Company payroll system.

 (b) During the Continuation Period, except as otherwise provided herein the Company will provide Executive with the Additional Benefits.

 Section 3.05. Other Terminations. Upon termination of Executive’s employment by reason of death or Disability or upon
termination of Executive’s employment for Cause, Executive shall be entitled to: 
 (i) The Accrued Compensation; and 
  

 7 

 (ii) The Accrued Benefits. 
 For the avoidance of doubt, upon termination of Executive’s employment due to death or Disability, the Initial Options, the Initial RSUs, and, if applicable, the First Annual Award shall fully vest and, in the
case of death, any options attributable to the Awards shall continue to be exercisable for 12 months following death and, in the case of disability, shall continue to be exercisable for 60 months following the date of Disability. Anything herein, or
in any other plan, program or arrangement of the Company, notwithstanding, the entitlements set forth in the preceding sentence shall apply whether death or Disability occurs during or following the first 12 months from the date of any such Award
grant. 
 ARTICLE 4 
 CERTAIN TAX REIMBURSEMENT PAYMENTS 
 Section 4.01. Initial
Determinations By Accounting Firm. In the event that a Change in Control or Severance Event occurs such that Executive is entitled to any payments or benefits related thereto or the Executive receives payments or benefits from the Company which
are subject to the excise tax imposed by Section 4999 of the Code, the Company shall retain a national accounting firm selected by the Company and reasonably acceptable to Executive (the “Accounting Firm”) to perform the calculations
contemplated by this Article 4. The Accounting Firm shall have discretion to retain an independent appraiser with adequate expertise (the “Appraiser”) to provide any valuations necessary for the Accounting Firm’s calculations
hereunder. The Company shall pay all the fees and costs associated with the work performed by the Accounting Firm and any Appraiser retained by the Accounting Firm. If the Accounting Firm has performed services for any person, entity or group in
connection with the related Change in Control, Executive may select an alternative national accounting firm to be the Accounting Firm. If the Appraiser otherwise performs work for any of the entities involved in the Change in Control or their
affiliates (or has performed work for any such entity within the three years preceding the calculations hereunder), then Executive may select an alternative appraiser of national stature with adequate expertise to be the Appraiser. The Accounting
Firm shall provide promptly to both the Company and Executive a written report setting forth the calculations required under this Agreement, together with a detail of all relevant supportive data, valuations and calculations. All determinations of
the Accounting Firm shall be binding on Executive and the Company. When making the calculations required hereunder, Executive shall be deemed to pay: (x) Federal income taxes at the highest applicable marginal rate of Federal income taxation
for the taxable year for which any such calculation is made; and (y) any applicable state and local income taxes at the highest applicable marginal rate of taxation for the taxable year for which any such calculation is made, net of the maximum
reduction in Federal income taxes which could be obtained from deduction of such state and local taxes. 
 The Accounting Firm shall
determine (the “Initial Determination”) the aggregate amount of all payments, benefits and distributions provided to Executive or for Executive’s benefit, whether paid or payable or distributed or distributable pursuant to the terms
of the Agreement or any other agreement, plan or arrangement of the Company or otherwise (other than any payment 
  

 8 

 pursuant to this Article 4) which are in the nature of compensation and contingent upon such Change in Control or other
event which results in such compensation being subject to the excise tax imposed by Section 4999 of the Code (valued pursuant to Section 280G of the Code) (collectively the “Payments”). 
 Section 4.02. Initial Treatment of Payments. Executive shall be entitled to receive the full amount of the Payments and, if the amount of the
Payments exceeds the maximum amount of the Payments Executive would be entitled to receive without being subject to the excise tax imposed by Section 4999 of the Code (such excise tax, together with any interest or penalties with respect to
such excise tax, are hereinafter collectively referred to as the “Excise Tax”), then the Company shall pay to Executive an additional payment (a “Gross-Up Payment”) in an amount such that after payment by Executive of all taxes
(including any interest and penalties imposed with respect to such taxes), including any Excise Tax, imposed upon the Gross-Up Payment Executive retains an amount of the Gross-Up Payment equal to the Excise Tax imposed upon the Payments. All
determinations required to be made as to whether a Gross-Up Payment is required and the amount of such Gross-Up Payment shall be made by the Accounting Firm. 
 Section 4.03. Redeterminations Based on IRS or Court Ruling. If after the date of the Initial Determination (a) Executive becomes entitled to receive additional Payments (including, without
limitation, severance) contingent upon the same Change in Control or other event which results in such compensation being subject to the excise tax imposed by Section 4999 of the Code or (b) Executive becomes subject to the terms of any
final binding agreement between Executive and the Internal Revenue Service or any decision of a court of competent jurisdiction which is not appealable or for which the time to appeal has lapsed (a “Final Determination”) and which is
contrary to the Initial Determination, then based upon such additional Payments or such Final Determination (as the case may be), the Accounting Firm shall recalculate: (i) the aggregate Payments (such recalculated amount, the
“Redetermined Payments”); and (ii) the related excise tax, if any, imposed by Section 4999 of the Code (such excise tax, together with any interest or penalties with respect to such excise tax, are hereinafter referred to as the
“Redetermined Excise Tax”). 
 Section 4.04. Reconciliations Based on Redeterminations. If the aggregate value of the
Redetermined Excise Tax exceeds the Excise Tax, then the Company shall pay to Executive an additional payment (a “Supplemental Gross-Up Payment”) in an amount such that after payment by Executive of all taxes (including any interest and
penalties imposed with respect to such taxes), including any Redetermined Excise Tax, imposed on the Supplemental Gross-Up Payment Executive retains an amount of the Supplemental Gross-Up Payment equal to the Redetermined Excise Tax; provided
that if Executive has previously received a Gross-Up Payment, the amount of the Supplemental Gross-Up Payment shall be reduced by the amount of the Gross-Up Payment Executive previously received, so that Executive will be fully reimbursed, but will
not receive duplicative reimbursements. If, however, the Excise Tax exceeds the Redetermined Excise Tax, the excess Gross-Up Payment that has been paid to Executive shall be repaid by Executive to the Company. Notwithstanding the foregoing, in the
event any portion of the Gross-Up Payment to be refunded to the Company has been paid to any Federal, state or local tax authority, repayment thereof shall not be required until actual refund or credit of such 
  

 9 

 portion has been made to Executive, and interest payable to the Company shall not exceed interest received or credited to
Executive by such tax authority for the period it held such portion. Executive and the Company shall mutually agree upon the course of action to be pursued (and the method of allocating the expenses thereof) if Executive’s good faith claim for
refund or credit is denied. 
 Section 4.05. Procedures with Respect to IRS Claims. (a) Executive shall notify the Company
in writing of any claim by the Internal Revenue Service relating to any unpaid excise tax applicable to the Payments. Such notification shall be given as soon as practicable but no later than ten business days after Executive knows of such claim and
shall apprise the Company of the nature of such claim, any assessment under such claim and the date on which such assessment is requested to be paid. Executive shall not pay such claim prior to the expiration of the thirty day period following the
date on which Executive gives such notice to the Company (or such shorter period ending on the date that any payment of taxes with respect to such claim is due). 
 (b) If the Company notifies Executive in writing prior to the expiration of such period that it desires to contest such claim, Executive shall: 
 (i) give the Company any information reasonably requested by the Company relating to such claim, 
 (ii) take such action in connection with contesting such claim as the Company shall reasonably request in writing from time to time including, without
limitation, accepting legal representation with respect to such claim by an attorney reasonably selected by the Company, 
 (iii) cooperate
with the Company in good faith in order effectively to contest such claim, and 
 (iv) permit the Company to participate in any proceedings
relating to such claim; 
 provided, however, that the Company shall bear and pay directly all costs and expenses (including additional
interest and penalties) incurred in connection with such contest and shall indemnify and hold Executive harmless, on an after-tax basis, for any Excise Tax, Redetermined Excise Tax or income tax, including interest and penalties with respect
thereto, imposed as a result of such representation and payment of costs and expenses. Without limitation on the foregoing, the Company shall control all proceedings taken in connection with such contest and, at its sole option, may pursue or forego
any and all administrative appeals, proceedings, hearings and conferences with the taxing authority in respect of such claim and may, at its sole option, either direct Executive to pay the tax claimed and sue for a refund or contest the claim in any
permissible manner, and Executive agrees to prosecute such contest to a determination before any administrative tribunal, in a court of initial jurisdiction and in one or more appellate courts, as the Company shall determine; provided,
however, that if the Company directs Executive to 
  

 10 

 pay such claim and sue for a refund, the Company shall provide the amount of such payment to Executive and shall
indemnify and hold Executive harmless, on an after-tax basis, from any Excise Tax, Redetermined Excise Tax or income tax, including interest and penalties with respect thereto, imposed with respect to such payment or with respect to any imputed
income with respect to such payment; and further provided that any extension of the statue of limitations relating to payment of taxes for the taxable year of Executive with respect to which such contested amount is claimed to be due is limited
solely to such contested amount. Furthermore, the Company’s control of the contest shall be limited to issues with respect to which a Gross-Up Payment would be payable hereunder and Executive shall be entitled to settle or contest, as the case
may be, any other issue raised by the Internal Revenue Service or any other taxing authority. 
 (c) If after the receipt by Executive of an
amount from the Company pursuant to the foregoing, Executive becomes entitled to receive any refund with respect to such claim, Executive shall (subject to the Company’s complying with the requirements above with respect to any contest of an
excise tax claim) promptly after such refund or credit has been made to Executive pay to the Company the amount of such refund (together with any interest paid or credited thereon by the taxing authority after deducting any taxes applicable
thereto). If, after the receipt by Executive of an amount from the Company hereunder, a determination is made that Executive shall not be entitled to any refund with respect to such claim and the Company does not notify Executive in writing of its
intent to contest such denial of refund prior to the expiration of thirty days after such determination, then Executive shall have no obligation to repay such amount and the amount of such payment shall offset, to the extent thereof, the amount of
the Supplemental Gross-Up Payment required to be paid hereunder and shall be considered part of the Supplemental Gross-Up Payment and subject to gross-up for any taxes (including interest or penalties) associated therewith. 
 (d) Anything in this Agreement or the 1997 Program to the contrary notwithstanding, in no event shall the vesting of any equity award made to Executive
under the 1997 Program, if otherwise subject to acceleration by its terms upon a change in control, be cut back because of tax consequences under Code Section 280G. 
 ARTICLE 5 
 SUCCESSORS AND ASSIGNMENTS 
 Section 5.01. Successors. (a) The Company will require any successor (whether by reason of a Change in Control, direct or indirect, by
purchase, merger, consolidation, or otherwise) to all or substantially all of the business and/or assets of the Company to expressly assume and agree to perform the obligations under this Agreement in the same manner and to the same extent that the
Company would be required to perform such obligations if no such succession had taken place. This Agreement shall not be assignable by the Company except (i) as contemplated by Section 5.01(b), or (ii) to another Person acquiring all
or substantially all of the business and/or assets of the Company. 
  

 11 

 (b) Upon the consummation of the Spin-Off, SpinCo shall assume this Agreement and shall enjoy, succeed to
and be solely responsible for the rights, obligations and duties of the Company hereunder and from and after the Spin-Off all references herein to the Company and to Sprint, in each case, shall be deemed to refer to SpinCo and its Subsidiaries.

 Section 5.02. Assignment By Executive. This Agreement shall inure to the benefit of and be enforceable by Executive’s
personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees, and legatees. If Executive should die or become disabled while any amount is owed but unpaid to Executive hereunder, all such amounts, unless
otherwise provided herein, shall be paid to Executive’s legal guardian or to his devisee, legatee or other designee, as the case may be, or if there is no such designee, to Executive’s estate. Executive’s rights hereunder shall not
otherwise be assignable. Executive’s obligations and responsibilities hereunder shall not be assignable under any circumstances and any such assignment or attempted assignment shall be null, void and of no effect. 
 ARTICLE 6 
 MISCELLANEOUS

 Section 6.01. Notices. Any notice required to be delivered hereunder shall be in writing and shall be addressed 
 if to the Company, to: 
 6200
Sprint Parkway 
 Overland Park, KS 66251 
 Fax: 913-523-7700 
 Attn: General Counsel 
 Copies to: 
 Davis Polk & Wardwell 
 450 Lexington Avenue 
 New York, NY 10017 
 Fax: 212-450-4800 
 Attn: Beverly F. Chase 
 if to Executive, to Executive’s last known address as reflected on the books and records of the Company 
 Copies to the Offices of Joseph E. Bachelder: 
 780 Third Avenue 
 29th Floor 
 New York, NY 10017

 Fax: 212-319-3070 
 Attn: Joseph E. Bachelder 
  

 12 

 or such other address as such party may hereafter specify for the purpose by written notice to the other party hereto.
Any such notice shall be deemed received on the date of receipt by the recipient thereof if received prior to 5:00 p.m. in the place of receipt and such day is a business day in the place of receipt. Otherwise, any such notice shall be deemed not to
have been received until the next succeeding business day in the place of receipt. 
 Section 6.02. Legal Fees And Expenses. Each
party shall be responsible for such parties’ legal fees and expenses incurred in connection with the negotiation and execution of this Agreement. 
 Section 6.03. Arbitration. Section 6.12 notwithstanding, all disputes, claims, or controversies arising under or in connection with this Agreement, other than those contemplated by Section 6.16,
shall be settled exclusively by binding arbitration pursuant to the Federal Arbitration Act administered by JAMS/Endispute in the greater Kansas City area in accordance with the then existing JAMS/Endispute Arbitration Rules and Procedures for
Employment Disputes, except that the parties agree that the arbitrator is not authorized or empowered to impose punitive damages on either of the parties. If it is determined that any term or other provision of this Agreement is invalid, illegal, or
incapable of being enforced, the arbitrator shall have the authority to modify the provision or term to the minimum extent required to permit enforcement. In the event of such an arbitration proceeding, the Administrator of JAMS/Endispute will
appoint the arbitrator. 
 Section 6.04. Unfunded Agreement. The obligations of the Company under this Agreement represent an
unsecured, unfunded promise to pay benefits to Executive and/or Executive’s beneficiaries, and shall not entitle Executive or such beneficiaries to a preferential claim to any asset of the Company. 
 Section 6.05. Non-exclusivity Of Benefits. Unless specifically provided herein, neither the provisions of this Agreement nor the benefits
provided hereunder shall reduce any amounts otherwise payable, or in any way diminish Executive’s rights as an employee of the Company, whether existing now or hereafter, under any compensation and/or benefit plans (qualified or nonqualified),
programs, policies, or practices provided by the Company, for which Executive may qualify; provided, however, that the Separation Benefits and the Severance Benefits shall be in lieu of any severance benefits under any such plans,
programs, policies or practices. 
 Section 6.06. Employment Status. Nothing herein contained shall interfere with the
Company’s right to terminate Executive’s employment with the Company at any time, with or without Cause, subject to the Company’s obligation, if any, to provide Severance Benefits or Separation Benefits. Executive shall also have the
right to terminate his employment with the Company at any time without liability, subject only to Executive’s obligations hereunder. 
  

 13 

 Section 6.07. Mitigation. (a) In no event shall Executive be obligated to seek other
employment or take any other action by way of mitigation of the amounts payable to Executive under any of the provisions of this Agreement or under any other plan, program or arrangement of the Company nor, except as provided below, shall the amount
of any payment or benefit hereunder be reduced by any compensation earned by Executive as a result of employment by another subsequent employer. 
 (b) In the event that, during a Continuation Period Executive becomes eligible for health or other welfare benefits from a new employer which are comparable to and of substantially equivalent value to Executive’s benefits under the
Company’s Medical Plans or other welfare plans, Executive’s benefits hereunder shall be appropriately reduced or terminated, in the Company’s sole discretion, to the extent of such comparable benefits available to Executive.

 Section 6.08. Entire Agreement. This Agreement represents the entire agreement between Executive and the Company and its
affiliates with respect to the subject matter hereof, and supersedes all prior discussions, negotiations, and agreements concerning such tights; provided, however, that any amounts payable to Executive hereunder shall be reduced by any
duplicative amounts paid to Executive which are required by any applicable local law in connection with any termination of Executive’s employment. In the event of an inconsistency between the terms of this Agreement and the terms of any other
Company plan, policy, arrangement or agreement with Executive, the provisions of this Agreement shall govern. 
 Section 6.09. Tax
Withholding. Notwithstanding anything in this Agreement to the contrary, the Company shall withhold from any amounts payable in connection with Executive’s employment hereunder all federal, state, city, or other taxes as are legally
required to be withheld. 
 Section 6.10. Waiver Of Rights. The waiver by either party of a breach of any provision of this
Agreement shall not operate or be construed as a continuing waiver or as a consent to or waiver of any subsequent breach hereof. 
 Section 6.11. Severability. In the event any provision of this Agreement shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of the Agreement, and the Agreement
shall be construed and enforced as if the illegal or invalid provision had not been included. 
 Section 6.12. Governing Law.
This Agreement shall be governed by and construed in accordance with the laws of the State of Kansas without reference to principles of conflict of laws. 
 Section 6.13. Counterparts. This Agreement may be signed in several counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were on the same
instrument. 
  

 14 

 Section 6.14. Representations and Warranties. 
 (a) By the Executive. 
 Executive represents
and warrants (i) that Executive has the right and capacity to enter into this Agreement and to be legally bound by it and (ii) that Executive is not a party to any contract or agreement, is not otherwise obligated in any way and is not
subject to any rules or regulations, whether governmentally imposed or otherwise, which do or may restrict Executive’s ability to enter into and fully perform Executive’s duties and responsibilities under this Agreement. 
 (b) By the Company. 
 The Company represents
and warrants that (i) the execution, delivery and performance of this Agreement (and Exhibit B) by the Company has been fully and validly authorized by all necessary corporate action, (ii) the officer signing this Agreement (and Exhibit B)
on behalf of the Company is duly authorized to do so, (iii) the execution, delivery and performance of this Agreement (and Exhibit B) does not violate any applicable law, regulation, order, judgment or decree or any agreement or plan to which
the Company is a party or by which it is bound and (iv) upon execution and delivery of this Agreement (and Exhibit B) by the parties hereto, each will be a valid and binding obligation of the Company enforceable against it in accordance with
its terms, except to the extent that enforceability may be limited by applicable bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally. 
 Section 6.15. Executive’s Covenants.  
 (a) Principles of Business Conduct. 
 Executive shall adhere in all respects to the Company’s Principles
of Business Conduct (or any successor code of conduct) as in effect on the Effective Date and as they may from time to time be established, amended, or terminated. 
 (b) Proprietary Information. 
 Executive acknowledges that during the course of his employment he will learn
or develop Proprietary Information. Executive further acknowledges that unauthorized disclosure or use of such Proprietary Information, other than in discharge of Executive’s duties, will cause the Company irreparable harm. Except in the course
of his employment with the Company under this Agreement, in the pursuit of the business of the Company, or as otherwise required in employment with the Company, Executive shall not, during the course of his employment or at any time following
termination of his employment, directly or indirectly, disclose, publish, communicate, or use on his behalf or another’s behalf, any Proprietary Information. If during or after his employment Executive has any questions about whether particular
information is Proprietary Information he shall consult with the Company’s General Counsel. Anything herein to the contrary notwithstanding, this Section 6.15(b) shall not apply (i) if disclosure is required 
  

 15 

 by law or by any court, arbitrator, or administrative or legislative body (including any committee thereof) with apparent
jurisdiction to order Executive to disclose or make available such information, provided, however that Executive will promptly notify the Company in writing upon receiving a request for such information and, if the Company requests,
reasonably cooperate with the Company at the Company’s expense in seeking a protective order or other appropriate protection of such information or (ii) with respect to any litigation or arbitration involving this Agreement; provided,
however, that Executive shall be obligated under this Section 6.15(b)(ii) to take all such actions and precautions as may be reasonably necessary or advisable to ensure that such Proprietary Information is disclosed only to the limited
extent required with respect thereto. 
 Executive also agrees to disclose promptly to the Company any information, ideas, or inventions made
or conceived by him that result from or are suggested by services performed by him for the Company under this Agreement, and to assign to the Company all rights pertaining to such information, ideas, or inventions. Knowledge or information of any
kind disclosed by Executive to the Company shall be deemed to have been disclosed without obligation on the part of the Company to hold the same in confidence, and the Company shall have the full right to use and disclose such knowledge and
information without compensation to Executive beyond that specifically provided in this Agreement; provided, however, that this Agreement shall not apply to an invention for which no equipment, supplies, facility or trade secret
information of the Company was used and which was developed entirely on Executive’s own time, unless: (i) the invention relates directly to the business of the Company or to the Company’s actual or demonstrably anticipated research or
development; or (ii) the invention results from any work performed by Executive for the Company. 
 (c) Non-Competition. 
 (i) During Executive’s employment with the Company and during the Non-Compete Period, Executive shall not engage in Competitive Employment, whether
paid or unpaid and whether as a consultant, employee, or otherwise. If Executive ceases to be employed by the Company as a result of a Severance or Separation Event or because of the sale, divestiture, or other disposition by the Company of a
subsidiary, division, or other divested unit employing Executive, this provision shall continue to apply during the Non-Compete Period, except that Executive’s continued employment by the subsidiary, division, or other divested unit disposed of
by the Company shall not be deemed a violation of this provision. If a court or arbitrator determines that this Section 6.15(c) or the definitions of Non-Compete Period, Competitive Employment or Competitor are too broad, Executive and the
Company agree that the court or arbitrator should modify the applicable provision or provisions to the extent (but not more than is) necessary to make such provision or provisions enforceable. 
 (ii) In the event that following Abandonment of the Spin-Off Executive elects in a prior written notice delivered to the Company to forego his rights to
payment of future Severance Amounts or Separation Amounts, as the case may be, in consideration of the Company’s agreement to a reduction in the Non-Compete Period, the parties agree that Executive will not be in breach of the covenant
contained in this Section 6.15(c) in respect of 
  

 16 

 activities commenced after the Company’s receipt of such notice, and in each such case the Company’s obligation
to pay Severance Amounts or Separation Amounts, as the case may be, shall cease on the date Executive commences the employment contemplated by such election. 
 (d) Inducement of Employees, Customers and Others. 
 During the course of carrying out his duties hereunder
during Executive’s employment with the Company, and during the Non-Compete Period, Executive may not directly or indirectly solicit, induce, or encourage any employee, consultant, agent, customer, vendor, or other parties doing business with
the Company to terminate their employment, agency, or other relationship with the Company or to render services for or transfer business to any Competitor, and Executive shall not initiate discussion with any such person for any such purpose or
authorize or knowingly cooperate with the taking of any such actions by any other individual or entity on behalf of the Competitor. 
 (e) No
Adverse Actions. 
 During the Non-Compete Period, Executive shall not, without the prior written consent of the Company, in any manner,
solicit, request, advise, or assist any other person or entity to (a) undertake any action that would be reasonably likely to, or is intended to, result in a Change in Control or (b) seek to control in any material manner the Board.

 (f) Return of Property. 
 Executive shall, upon his Termination Date, return to the Company all property of the Company in his possession, including all notes, reports, sketches, plans, published memoranda or other documents, whether in hard copy or in electronic
form, created, developed, generated, received, or held by Executive during his employment, concerning or related to the Company’s business, whether containing or relating to Proprietary Information or not. Executive shall not remove, by e-mail,
by removal of computer discs or hard drives, or by other means, any of the above property containing Proprietary Information, or reproductions or copies thereof, or any apparatus from the Company’s premises without the Company’s written
consent. Anything herein to the contrary notwithstanding, nothing in this Section 6.15(f) will prevent Executive from retaining a personal home computer and papers and other materials of a personal nature, including personal diaries, calendars
and personal rolodexes, personal information relating to Executive’s compensation or relating to the reimbursement of expenses, personal information that Executive reasonably believes are needed for tax purposes and copies of the Company’s
compensatory plans, programs and agreements relating to Executive’s compensation as an employee. 
 (g) Mutual Nondisparagement.

 Executive agrees to refrain from making any public statements about the Company or its officers or directors that would disparage, or
reflect unfavorably upon the image or reputation of the Company or any such officer or director. The Company agrees to refrain from making any 
  

 17 

 public statements about Executive that would disparage, or reflect unfavorably upon the image or reputation of Executive.
For the avoidance of doubt, it is understood that the casual expression of opinions in a social setting shall not be considered disparagement. 
 (h) Assistance with Claims. 
 Executive agrees that, consistent with Executive’s business and personal affairs, during and
after his employment by the Company, he will assist the Company in the defense of any claims or potential claims that may be made or threatened to be made against it in any action, suit, or proceeding, whether civil, criminal, administrative, or
investigative (a “Proceeding”) and will assist the Company in the prosecution of any claims that may be made by the Company in any Proceeding, to the extent that such claims may relate to Executive’s services provided under
this Agreement. Executive agrees, unless precluded by law, to promptly inform the Company if Executive is asked to participate (or otherwise become involved) in any Proceeding involving such claims or potential claims. Executive also agrees, unless
precluded by law, promptly to inform the Company if Executive is asked to assist in any investigation (whether governmental or private) of the Company (or its actions), regardless of whether a lawsuit has then been filed against the Company with
respect to such investigation. The Company agrees to reimburse Executive for all of Executive’s reasonable out-of-pocket expenses associated with such assistance, including travel expenses and any attorneys’ fees. 
 Section 6.16. Material Inducement; Specific Performance; Forfeiture.  
 (a) If any provision of Section 6.15 is determined by a court of competent jurisdiction not to be enforceable in the manner set forth in this
Agreement, the Company and Executive agree that it is the intention of the parties that such provision should be enforceable to the maximum extent possible under applicable law and that such court shall reform such provision to make it enforceable
in accordance with the intent of the parties. 
 (b) (i) Executive acknowledges that a material part of the inducement for the Company
to provide the salary and benefits evidenced hereby is Executive’s covenants set forth in Section 6.15 and that the covenants and obligations of Executive with respect to nondisclosure and nonsolicitation relate to special, unique and
extraordinary matters and that a violation of any of the terms of such covenants and obligations will cause the Company irreparable injury for which adequate remedies are not available at law. Therefore, Executive agrees that, if Executive shall
materially and willfully breach any of those covenants following termination of employment, the Company shall be entitled to an injunction, restraining order or such other equitable relief (without the requirement to post a bond) restraining
Executive from committing any violation of the covenants and obligations contained in Section 6.15 and if Executive shall materially and willfully breach any of subsections (b) - (h) of Section 6.15 the Company shall have no
further obligation to pay Executive any benefits otherwise payable hereunder. The remedies in the preceding sentence are cumulative and are in addition to any other rights and remedies the Company may have at law or in equity as an arbitrator (or
court) shall reasonably determine. 
  

 18 

 (ii) In the event of Executive’s material and willful breach of any provision of subsections
(b)-(h) of Section 6.15 or in the event that any representation and warranty contained in Section 6.14 is not true: (x) Executive shall have no right to any Severance or Separation Benefits yet to be paid or provided hereunder;
and (y) all then outstanding Awards shall immediately terminate and be of no force or effect. 
 Section 6.17.
Section 409A. The intent of the parties is that the compensation arrangements under this Agreement will be in full compliance with Section 409A of the Code (“409A”) and the parties agree that to the extent any
provision hereof would be in violation thereof it will be adjusted in such manner as the parties will mutually agree to be in compliance with 409A and to maintain the intent hereof to the maximum extent possible. 
 ARTICLE 7 
 DEFINITIONS

 For purposes of this Agreement, the following terms shall have the meanings set forth below. 
 “Abandonment of the Spin-Off” means the formal announcement by SPRINT in (i) a press release issued by SPRINT or (ii) an
Exchange Act filing with the Securities and Exchange Commission, in either case that Sprint has determined not to proceed with the Spin-Off. 
 “Accounting Firm” has the meaning accorded such term in Section 4.01. 
 “Accrued Benefits”
has the meaning accorded such term in Section 3.03. 
 “Accrued Compensation” has the meaning accorded such term in
Section 3.03. 
 “Additional Benefits” has the meaning accorded such term in Section 3.03. 
 “Affiliate” and “Associate” have the respective meanings accorded to such terms in Rule 12b-2 under the Exchange Act as
in effect on the Effective Date. 
 “Agreement” has the meaning accorded such term in the introductory paragraph of this
Agreement. 
 “Appraiser” has the meaning accorded such term in Section 4.01. 
 “Awards” has the meaning set forth in Section 3.02. 
 “Base Salary” has the meaning accorded such term in Section 2.01. 
 “Basic
Target Bonus Amount” has the meaning accorded such term in Section 2.02. 
  

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 “Beneficial Ownership” A Person shall be deemed the “Beneficial Owner” of, and
shall be deemed to “beneficially own,” securities pursuant to Rule 13d-3 under the Exchange Act as in effect on the Effective Date. 
 “Board” means the Board of Directors of SPRINT prior to the Spin-Off and the Board of Directors of SpinCo after the Spin-Off, as the case may be. 
 “Cause” means termination upon (A) the willful and continued failure by Executive to substantially perform his duties with the
Company (other than any such failure resulting from Executive’s incapacity due to physical or mental illness) after a written demand for substantial performance is delivered to Executive by the Board, which demand specifically identifies the
manner in which the Board believes that Executive has not substantially performed his duties, or (B) the willful engaging by Executive in conduct that is a serious violation of the Company’s Principles of Business Conduct, (C) the
willful engaging by Executive in conduct that is demonstrably and materially injurious to the Company or (D) discovery that any representation and warranty of Executive contained in Section 6.14 is untrue. For purposes of this definition,
and for all purposes of this Agreement, no act, or failure to act, on Executive’s part shall be deemed “willful” unless done, or omitted to be done, by Executive not in good faith and without reasonable belief that Executive’s
action or omission was in the best interest of the Company. Failure to meet performance expectations, unless willful, continuing, and substantial shall not be considered “Cause.” 
 “Change in Control” means the occurrence of any of the following events: 
 (i) the acquisition, directly or indirectly, by any “person” or “group” (as those terms are used in Sections 13(d), and 14(d) of the
Exchange Act including, without limitation, Rule 13d-5(b)) of “beneficial ownership” (as determined pursuant to Rule 13d-3 under the Exchange Act) of securities entitled to vote generally in the election of directors (“voting
securities”) of SPRINT that represent 30% or more of the combined voting power of SPRINT then outstanding voting securities, other than 
 (A) an acquisition by a trustee or other fiduciary holding securities under any employee benefit plan (or related trust) sponsored or maintained by SPRINT or any person controlled by SPRINT or by any employee benefit
plan (or related trust) sponsored or maintained by SPRINT or any person controlled by SPRINT, or 
 (B) an acquisition of
voting securities by SPRINT or a Person owned, directly or indirectly, by the holders of at least 50% of the voting power of SPRINT’s then outstanding securities in substantially the same proportions as their ownership of the stock of SPRINT,
or 
 (C) an acquisition of voting securities pursuant to a transaction described in clause (iii) below that would not be
a Change in Control under clause (iii); 
  

 20 

 (ii) a change in the composition of the Board that causes less than a majority of the directors of SPRINT
to be directors that meet one or more of the following descriptions: 
 (A) a director who has been a director of SPRINT for a
continuous period of at least 24 months, or 
 (B) a director whose election or nomination as director was approved by a vote
of at least two-thirds of the then directors described in clauses (ii)(A), (B), or (C) by prior nomination or election, but excluding, for the purpose of this subclause (B), any director whose initial assumption of office occurred as a result
of an actual or threatened (y) election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a person or group other than the Board or (z) tender
offer, merger, sale of substantially all of SPRINT’s assets, consolidation, reorganization, or business combination that would be a Change in Control under clause (iii) on consummation thereof, or 
 (C) who were serving on the Board as a result of the consummation of a transaction described in clause (iii) that would not be a
Change in Control under clause (iii); 
 (iii) the consummation by SPRINT (whether directly involving SPRINT or indirectly involving SPRINT
through one or more intermediaries) of (x) a merger, consolidation, reorganization, or business combination or (y) a sale or other disposition of all or substantially all of SPRINT’s assets or (z) the acquisition of assets or
stock of another entity, in each case, other than in a transaction 
 (A) that results in SPRINT’s voting securities
outstanding immediately before the transaction continuing to represent (either by remaining outstanding or by being converted into voting securities of SPRINT or the person that, as a result of the transaction, controls, directly or indirectly,
SPRINT or owns, directly or indirectly, all or substantially all of SPRINT’s assets or otherwise succeeds to the business of SPRINT (SPRINT or such person, the “Successor Entity”)) directly or indirectly, at least 50% of the
combined voting power of the Successor Entity’s outstanding voting securities immediately after the transaction or 
 (B)
after which more than 50% of the members of the board of directors of the Successor Entity were members of the Board at the time of the Board’s approval of the agreement providing for the transaction or other action of the Board approving the
transaction (or whose election or nomination was approved by a vote of at least two-thirds of the members who were members of the Board at that time), and 
  

 21 

 (C) after which no person or group beneficially owns voting securities representing 30%
or more of the combined voting power of the Successor Entity; provided, however, no person or group shall be treated for purposes of this clause (C) as beneficially owning 30% or more of combined voting power of the Successor
Entity solely as a result of the voting power held in SPRINT prior to the consummation of the transaction; or 
 (iv) a liquidation or
dissolution of SPRINT other than in connection with a transaction described in (iii) above that would not be a Change in Control thereunder. 
 For purposes of clarification, (x) a change in the voting power of SPRINT voting securities based on the relative trading values of SPRINT’s then outstanding securities as determined pursuant to SPRINT’s Articles of
Incorporation or (y) an acquisition of SPRINT securities by SPRINT that, in either case, by itself (or in combination only with the other event listed in this sentence) causes the SPRINT voting securities beneficially owned by a person or group
to represent 30% or more of the combined voting power of SPRINT then outstanding voting securities is not to be treated as an “acquisition” by any person or group for purposes of clause (i) above. For purposes of clause
(i) above, SPRINT makes the calculation of voting power as if the date of any relevant acquisition were a record date for a vote of SPRINT’s shareholders, and for purposes of clause (iii) above, SPRINT makes the calculation of voting
power as if the date of the consummation of the transaction were a record date for a vote of SPRINT’s shareholders. For the avoidance of doubt, from and after the Spin-Off references to SPRINT in this definition of Change in Control shall be
deemed references to SpinCo. 
 “CIC Bonus Amount” has the meaning accorded such term in Section 3.03. 
 “Code” means the Internal Revenue Code of 1986, as amended, and the rules and regulations promulgated thereunder. 
 “Committee” has the meaning accorded such term in Section 2.01. 
 “Company” has the meaning accorded such term in the introductory paragraph of this Agreement. 
 “Compensation” has the meaning accorded such term in Section 2.05. 
 “Competitive Employment” means the direct or indirect performance of duties or responsibilities, whether as an employee or otherwise for
a Competitor, including, without limitation, the ownership of any interest in, the provision of any financing, management or advisory services to, any connection with or being a principal, partner or agent of any Competitor; provided that
Executive may passively own less than 1% of the outstanding shares of any Competitor whose shares are traded in the public market. 
  

 22 

 “Competitor” means (i) after the Spin-off, any business that competes with any
material portion of the business of SpinCo as its business (including its geographic scope) exists from time to time and (ii) before the Spin-off, the following businesses: 
 Alltel Corporation 
 BellSouth Corporation

 CenturyTel, Inc. 
 Citizens
Communications 
 Qwest Communications International 
 SBC Communications Inc. 
 Verizon Communications Inc. 
 “Constructive Discharge” means the occurrence of any of the following circumstances without Executive’s prior written consent
unless the circumstances are fully corrected before the Termination Date specified in the notice of termination given in respect thereof: (i) the removal of Executive from his position as Chief Executive Officer of Sprint’s Local
Telecommunications Division; (ii) a reduction in the aggregate amount of Executive’s Base Salary and Basic Target Bonus Amount (other than an across-the-board reduction similarly affecting all Senior Officers); (iii) the
Company’s requiring that Executive be based anywhere other than the Kansas City metropolitan area (or any other location to which the Executive has consented to be relocated), except for required travel on business; (iv) the Abandonment of
the Spin-Off; or (v) following the Spin-Off, any executive of SpinCo other than Executive serving as Chairman of the Board. 
 “Continuation Period” means, except as provided by Section 6.15(c)(ii), the 18 month period following a Separation Event or the 24 month period following a Severance Event, as the case may be. 
 “Disability” means termination of employment under circumstances that would make Executive eligible to receive benefits under the
Company long-term disability plan. 
 “Dividend Equivalents” has the meaning accorded such term in the 1997 Program.

 “Division” means any distinct group or unit organized as a segment or portion of a Person that is devoted to the
production, provision, or management of a common product or service or group of related products or services, regardless of whether the group is organized as a legally distinct entity. 
 “Effective Date” has the meaning accorded such term in Section 1.01. 
 “Employment Term” has the meaning accorded such term in Section 1.02. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. 

“Excise Tax” has the meaning accorded such term in Section 4.01. 
  

 23 

 “Executive” has the meaning accorded such term in the introductory paragraph of this
Agreement. 
 “409A” has the meaning set forth in Section 6.17. 
 “Fair Market Value” has the meaning accorded such term in the 1997 Program. 
 “Final Determination” has the meaning accorded such term in Section 4.03. 
 “First Annual Award” has the meaning accorded such term in Section 2.04. 
 “FON Common Stock” means the Company’s FON Common Stock, Series 1, $2.00 par value per share. 
 “Good Reason” means without the Executive’s express written consent, the occurrence of any of the following circumstances unless
such circumstances are fully corrected prior to the Termination Date specified in the notice of termination given in respect thereof; 
 (i)
the assignment to Executive of any duties inconsistent with Executive’s status as provided under the provisions of Section 1.01(a) or 1.01(b), as applicable, or a substantial adverse alteration in the nature or status of Executive’s
responsibilities or organizational reporting relationships from those in effect immediately before the Change in Control or any downgrading of Executive’s title or position from that in effect immediately before the Change in Control;

 (ii) a reduction by the Company in Executive’s Base Salary or Basic Target Bonus Amount as in effect on the Effective Date or as the
same may be increased from time to time, except for across-the-board salary or bonus reductions similarly affecting all officers of the Company and all officers of any business entity or entities in control of the Company; 
 (iii) the failure by the Company, without Executive’s consent, to pay to Executive any portion of Executive’s current compensation within 7
days of the date it is due, except pursuant to an across-the-board compensation deferral similarly affecting all officers of the Company and all officers of any business entity or entities in control of the Company; 
 (iv) (A) the relocation of the Company’s principal executive offices without Executive’s consent to a location outside the metropolitan
area in which such offices are located immediately before the Change in Control; or (B) the Company’s requiring Executive to be based anywhere other than the Company’s principal executive offices except for required travel on the
Company’s business. 
 (v) a substantial and involuntary adverse alteration in the physical conditions under or in which Executive is
expected to perform Executive’s duties, other than an alteration similarly affecting all officers of the Company and all officers of any person in control of the Company; 
  

 24 

 (vi) the Company’s failure to continue in effect any compensation plan in which Executive
participated immediately before the Change in Control and that is material to Executive’s total compensation, including but not limited to the 1997 Program, the Short-Term Incentive Plan or any substitute plans adopted before the Change in
Control, unless an equitable arrangement (embodied in an ongoing substitute or alternative plan) has been made with respect to the plan providing compensation substantially comparable in the aggregate, or the Company’s failure to continue
Executive’s participation therein (or in such substitute or alternative plan) on a basis not materially less favorable, both in terms of the amount of benefits provided and the level of Executive’s participation relative to other Senior
Officers, as existed at the time of the Change in Control; 
 (vii) the Company’s failure to continue to provide Executive with benefits
substantially similar in the aggregate to those he enjoyed under any of the Company’s employee benefit plans in which Executive was participating at the time of the Change in Control; the taking of any action by the Company that would directly
or indirectly materially reduce any of such benefits or deprive Executive of any material fringe benefit enjoyed by Executive at the time of the Change in Control; or the failure by the Company to provide Executive with the number of paid vacation
days to which Executive is entitled on the basis of years of service with the Company in accordance with the Company’s normal vacation policy in effect at the time of the Change in Control; unless an equitable arrangement (embodied in an
ongoing substitute or alternative plan) has been made with respect to such benefits; 
 (viii) the Company’s failure to obtain a
satisfactory agreement from any successor to assume and agree to perform this Agreement, as contemplated in Section 5.01 hereof; 
 (ix)
the Company’s attempt to terminate Executive’s employment without complying with the procedures set forth in Section 1.02; any such attempt shall not be effective; 
 (x) the Abandonment of the Spin-Off; or 
 (xi) following the Spin-Off, any executive of SpinCo other than Executive serving as Chairman of the Board. 
 “Gross-Up
Payment” has the meaning accorded such term in Section 4.02. 
 “Initial Options” has the meaning accorded
such term in Section 2.03. 
 “Initial RSUs” has the meaning accorded such term in Section 2.03. 
 “Medical Plans” means the medical care plans (or any successor medical plans adopted by the Company) in which Executive participates, as
in effect immediately prior to the relevant event (subject to changes in coverage levels applicable to all employees generally covered by such Plans). 
 “1997 Program” has the meaning accorded such term in Section 2.03. 
  

 25 

 “Non-Compete Period” means, except as provided by Section 16.15(c)(ii), the
18-month period beginning on the Termination Date. If the Executive breaches or violates any of the covenants or provisions of this Agreement, the running of the Non-Compete Period shall be tolled during the period the breach or violation continues.

 “Option Termination Date” has the meaning accorded such term in Section 3.02. 
 “Payments” has the meaning accorded such term in Section 4.01. 
 “Person” means an individual, corporation, partnership, association, trust or any other entity or organization. 
 “Proceeding” has the meaning accorded such term in Section 6.15. 
 “Proprietary Information” means trade secrets (such as customer information, technical and non-technical data, a formula, pattern,
compilation, program, device, method, technique, drawing, process) and other confidential and proprietary information concerning the products, processes, or services of the Company or the Company’s affiliates, including but not limited to:
computer programs, unpatented or unpatentable inventions, discoveries or improvements; marketing, manufacturing, or organizational research and development results and plans; business and strategic plans; sales forecasts and plans; personnel
information, including the identity of other employees of the Company, their responsibilities, competence, abilities, and compensation; pricing and financial information; current and prospective customer lists and information on customers or their
employees; information concerning purchases of major equipment or property; and information about potential mergers or acquisitions; provided such information described above in the definition of Proprietary Information: (i) has not been made
known generally to the public (other than as a result of Executive’s breach of this Agreement); (ii) is useful or of value to the current or anticipated business, or research or development activities of the Company or of any customer or
supplier of the Company, or (iii) has been identified in writing to Executive as confidential by the Company. 
 “Pro-Rata Bonus
Amount” has the meaning accorded such term in Section 3.04. 
 “Qualifying Event” has the meaning accorded
such term in Section 3.01. 
 “Redetermined Excise Tax” has the meaning accorded such term in Section 4.03.

 “Redetermined Payments” has the meaning accorded such term in Section 4.03. 
 “Senior Officer” means any person who is an officer of SPRINT within the meaning of Section 16 of the Exchange Act (or any
successor statute or statutes thereto), and the rules and regulations promulgated thereunder. 
 “Separation Amount” has the
meaning accorded such term in Section 3.04. 
 “Separation Benefits” has the meaning accorded such term in
Section 3.04. 
  

 26 

 “Separation Event” has the meaning accorded such term in Section 3.01. 

“Severance Amount” has the meaning accorded such term in Section 3.03. 
 “Severance Benefits” has the meaning accorded such term in Section 3.03. 
 “Severance Event” has the meaning accorded such term in Section 3.01. 
 “Short-Term Incentive Plan” means the Company’s Management Incentive Plan and any other successor plans specifically approved for
this purpose by the Board or the Committee, as the case may be. 
 “Spin-Off” means the spin-off resulting in a single
publicly-traded entity which owns, directly or indirectly, all or substantially all of the local telecommunications businesses of Sprint as contemplated by the Agreement and Plan of Merger entered into as of December 15, 2004 by and among
Sprint Corporation, a Kansas corporation, Nextel Communications, Inc., a Delaware corporation and S-N Merger Sub, a Delaware corporation wholly owned by Sprint. For purposes of the preceding sentence, “publicly-traded entity” means an
entity all or substantially all of the Voting Securities of which are traded on the New York Stock Exchange, NASDAQ or other nationally recognized stock exchange and not more than 30% of the Voting Securities of which are owned immediately following
the Spin-Off, by any “person” or “group” (as those terms are used in Sections 13(d), and 14(d) of the Exchange Act including, without limitation, Rule 13d-5(b)) (ownership for this purpose meaning “beneficial ownership”
(as determined pursuant to Rule 13d-3 under the Exchange Act)). 
 “SpinCo” means the business entity which following the
Spin-Off owns the businesses spun off in the Spin-Off and its Subsidiaries. 
 “SPRINT” has the meaning accorded such term
in the introductory paragraph of this Agreement. Anything herein to the contrary notwithstanding, from and after the Spin-Off, where appropriate to the intention of the parties, references to SPRINT shall be deemed references to SpinCo. 

“Subsidiary” of any Person means any other Person of which securities or other ownership interests having voting power to elect a
majority of the board of directors or other Persons performing similar functions are at the time directly or indirectly owned by such Person. 
 “Successor Entity” has the meaning accorded such term in the definition of Change in Control. 
 “SUMC” has the meaning accorded such term in the introductory paragraph of this Agreement. 
 “Supplemental
Gross-up Payment” has the meaning accorded such term in Section 4.04. 
  

 27 

 “Termination Date” means (i) in the case of a termination of Executive’s
employment by reason of Executive’s death, the date of Executive’s death, (ii) in the case of a termination of Executive’s employment without Cause, for disability or for Good Reason, the date which is thirty (30) days after
the date notice of termination is given, and (iii) in all other cases, the date given in the notice of termination but in no event later than the 60th day after the date on which such notice is given; provided, however, that no prior
notice is required for a termination for Cause. 
 “Voting securities” has the meaning accorded such term in the definition
of Change in Control. 
  

 28 

 IN WITNESS WHEREOF, the Company and Executive have executed this Agreement, to be effective as set forth
in Section 1.01. 
  

					
	EXECUTIVE	 	SPRINT CORPORATION
			
	 /s/ Daniel R. Hesse
	 	By:	 	 /s/ James G. Kissinger

	Daniel R. Hesse	 	Name:	 	James G. Kissinger
		 	Title:	 	Senior Vice President-Human Resources
		
		 	SPRINT/UNITED MANAGEMENT COMPANY
			
		 	By:	 	 /s/ James G. Kissinger

		 	Name:	 	James G. Kissinger
		 	Title:	 	Senior Vice President-Human Resources

  

 29 

 EXHIBIT A 
 Business, Civic and Charitable Boards 
 Nokia Corporation 
 VF Corporation 
 The National Governorship of the Boys and Girls Clubs of America 
  

 30 

 EXHIBIT B 
 Form of 
 Award Agreement 
 THIS AWARD AGREEMENT (the “Agreement”) is entered into as of June 7, 2005 (the
“Grant Date”), by and between SPRINT CORPORATION, a Kansas corporation (together with its direct and indirect subsidiaries, “Sprint”) and Daniel R. Hesse (the
“Executive”), an employee of Sprint, for the grant of options and restricted stock units with respect to Sprint’s FON Common Stock, par value $2.00 per share (“FON Stock”). 
 IN CONSIDERATION of the mutual covenants and agreements set forth in this Agreement, the parties agree to the following.

 Defined Terms Incorporated from 1997 Long-Term Stock Incentive Program 
 Capitalized terms used in this Award Agreement and not defined herein shall have the meanings set forth in Sprint’s 1997 Long-Term Stock Incentive
Program (the “Program”) or in an employment agreement, dated as of June 7, 2005 by and among Sprint, Sprint/United Management Company, a Kansas corporation and subsidiary of Sprint, and Executive (the
“Employment Agreement”), except that if the same capitalized term is defined in both the Program and the Employment Agreement, such capitalized term shall have the meaning set forth in the Employment Agreement. 
 Grant of Stock Options 
 Sprint hereby grants to
Executive under the Program options to buy 408,000 shares of FON Stock at an exercise price equal to the Fair Market Value per share on the Grant Date (the “Option”). The Option becomes exercisable on each of the first four
anniversaries of the Grant Date at a rate of 25% of the total number of shares subject to the Option and expires on the 10th anniversary of the Grant Date. The Option is governed by, and this Agreement hereby incorporates, the Standard Terms of Options set forth in Section 6(g) of the Program except as provided under the caption “Terms Different
from Standard Terms” below. 
 Grant of Restricted Stock Units 
 Sprint hereby grants to Executive under the Program 157,000 FON restricted stock units (the “RSUs”). Each RSU represents the unsecured right to require Sprint to deliver to Executive one share of FON
Stock. With respect to 100% of the RSUs, the “vesting date” and “delivery date” is on the third anniversary of the Grant Date. The RSUs are governed by, and this Agreement hereby incorporates, the Standard Terms of Other Stock
Unit Awards set forth in Section 9(c) of the Program except as provided under the caption “Terms Different from Standard Terms” below. 
 Terms Different from Standard Terms 
 (a) The Grant Date of the Option and the RSUs shall be the Effective Date under the
Employment Agreement. 

 (b) Notwithstanding the provisions of the Program, in the event that a Severance Event or a Separation
Event occurs during the Employment Term, subject to Executive’s not being in willful and material breach of subsections (b)-(h) of Section 6.15 of the Employment Agreement the Option and RSUs shall continue to vest during the
Continuation Period and, to the extent not vested on the last day of the Continuation Period, shall become immediately vested and non-forfeitable (and, in the case of the Option, exercisable) on that day. Subject to Executive’s not being in
willful and material breach of subsections (b)-(h) of Section 6.15 of the Employment Agreement, the Option shall remain exercisable until the expiration of six months following the last day of the Continuation Period. For the avoidance of
doubt, in the event of a Change in Control the entitlements set forth in the two preceding sentences shall apply whether the Change in Control occurs during or after the first year following the Grant Date. 
 (c) For the avoidance of doubt, upon termination of Executive’s employment by reason of death or Disability, the Option and RSUs shall fully vest
and, in the case of death, the Option shall continue to be exercisable for 12 months following death and, in the case of Disability, the Option shall continue to be exercisable for 60 months following the date of Disability. The entitlements set
forth in the preceding sentence shall apply whether death or Disability occurs during or following the first 12 months from the Grant Date. 
 (d) The limitation on acceleration of vesting under Section 6(g)(viii) and Section 9(c)(iv) of the Program, relating to payments or benefits contingent on a change in control within the meaning of Code Section 280G, does not
apply to the Option or RSUs. 
 (e) In connection with the Spin-Off, (i) the Option shall be adjusted into options relating to the
Company and/or SpinCo equity securities in such manner as may be equitably determined by the Committee and (ii) the RSUs shall be converted into restricted stock units of SpinCo having a value equivalent to the RSUs as of the Spin-Off.

 (f) If and to the extent that any provision with respect to the Option or the RSUs which is contained in the Employment Agreement is
inconsistent with any provision of the Program or this Award Agreement, the provision contained in the Employment Agreement shall govern and such provision shall be deemed incorporated herein as fully as if set forth herein. 
 (g) The occurrence of the Spin-Off shall not constitute the termination of Executive’s employment, the cessation of Executive’s employment or
the interruption of Executive’s continuous employment for purposes of the Option, the RSUs or this Award Agreement, provided Executive becomes a full-time employee of SpinCo at the time of the Spin-Off as contemplated by the Employment
Agreement. 
 (h) The Committee shall have no authority whatsoever to cancel or suspend the Option or the RSUs pursuant to
Section 14(f) of the Program, and neither the Option nor the RSUs shall be cancelled or suspended pursuant to said Section 14(f), provided that Executive does not commit a material and willful (as that term is defined in the Employment
Agreement) breach of any provision of subsections (b)-(h) of Section 6.15 of the Employment Agreement.  
 Plan Information

 Executive hereby acknowledges having read the 1997 Long-Term Stock Incentive Program Plan Information Statement dated February 2005
available on line at 
  

 32 

 http://ppld.corp.sprint.com/hr/comp/ec.html. To the extent not inconsistent with the provisions of this Agreement,
the terms of such information statement and the Program are hereby incorporated by this reference. 
 IN
WITNESS WHEREOF, Sprint has caused this Agreement to be executed by its duly authorized officer and the Executive has executed the same as of the Grant Date. 
  

			
	SPRINT CORPORATION
		
	By:	 	  

		 	Authorized Officer
		 	  

		 	Daniel R. Hesse, “Executive”

  

 33

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