Document:

exv10w40

EXHIBIT 10.40

March 6, 2009

Benjamin G. Wolff

2300 Carillon Point

Kirkland, WA 98033

Dear Ben,

On behalf of the Board of Directors of Clearwire Corporation, I am pleased to confirm our offer to
you for the position of Co-Chairman for Clearwire Corporation. This offer has been approved by the
Compensation Committee of the Board. Outlined below are the specific details regarding your new
position with Clearwire.

	 	 	 
	Start Date:

	 	March 10, 2009
	 
	 	 
	Reports to:

	 	Board of Directors
	 
	 	 
	Location:

	 	Kirkland, WA
	 
	 	 
	Base salary:

	 	$750,000 annually (paid bi-weekly)
	 
	 	 
	Bonus Target:

	 	100% of base salary paid annually based on company and individual
performance. You will be eligible for a full year bonus for 2009 to be
paid in March, 2010. Your bonus for 2008 will be paid in March 2009 as
scheduled.
	 
	 	 
	Stock Awards:

	 	2,000,000 Restricted Stock Units (RSUs) and 1,000,000 stock options
with an expected date of grant of the start date. Both the options and
RSUs vest over 4 years, 25% per year. Upon any termination of
employment, whether voluntary or involuntary, the exercise period for
all vested Clearwire stock options that you hold shall be extended
until the end of their term. Details regarding your new awards will be
provided to you separately.
	 
	 	 
	Benefits:

	 	You will be eligible for the same benefits offered to the company’s CEO.
	 
	 	 
	Time Off:

	 	You will be eligible for a total paid time off consistent with that
offered to the company’s CEO, and you will be credited with all accrued
vacation time to date. You will continue to be eligible for the three
month paid sabbatical referenced in your prior offer letter.
	 
	Non-compete:

	 	The term of your existing non-compete shall continue until the first
anniversary of your voluntary separation from the company, or, in the
case of involuntary termination other than for cause or constructive
termination, the date of such termination, at which time your
non-compete agreement shall expire and be of no further force or
effect.

	 	 	 
	Severance 

Benefits:

	 	You have agreed to waive your severance benefits under
Clearwire’s Change in Control Severance Plan dated
March 25, 2008 (the “Plan”), and you acknowledge that
you are not entitled to any compensation under the
Plan either now or in the future.
	 
	 	 
	 

	 	In the event, your employment as Co-Chairman is
terminated involuntarily for a reason other than
cause, or in the event of constructive termination,
the vesting on all of your stock compensation awards
will be accelerated by two years.

	 
	Other Compensation:

	 	The company will pay you $1,500,000 on the Start Date,
and an additional $3,000,000 on January 4, 2010 which
shall be paid without condition or exception.

While we expect that your tenure at Clearwire will be successful, please understand that your
employment, like that of all of our employees, is terminable at will, meaning that either you or
the Company can end the employment relationship at any time for any reason.

Please indicate your acceptance of this offer by signing below and returning it to Craig McCaw,
2300 Carillon Point, Kirkland, WA 98033 no later than March 12, 2009.

Sincerely,

Craig McCaw

Chairman of the Board

	 	 	 	 
	/s/ BENJAMIN G. WOLFF

	 	MARCH 7, 2009	 
	   	 
	Accepted

	 	Dateexv10w41

EXHIBIT 10.41

March 6, 2009

William T. Morrow

5491 Blackhawk Drive

Danville, CA 94506

Dear Bill,

On behalf of the Board of Directors of Clearwire Corporation, I am pleased to confirm my offer to
you for the position of Chief Executive Officer for Clearwire. Outlined below are the specific
details regarding your new position with Clearwire.

	 	 	 
	Start Date:

	 	As soon as practicable
	 
	 	 
	Reports to:

	 	Board of Directors (You will be invited to attend and participate in
meetings of the Board of Directors (other than with respect to
matters involving you).)
	 
	 	 
	Location:

	 	Kirkland, WA
	 
	 	 
	Base salary:

	 	 $900,000 annually (paid bi-weekly)
	 
	 	 
	Signing Bonus:

	 	 $200,000
	 
	 	 
	Bonus Target:

	 	$900,000 paid annually based on company and individual performance,
with the bonus for your first year of employment guaranteed at 100%
of the bonus target.
	 
	 	 
	Stock Awards:

	 	2,000,000 Restricted Stock Units (RSUs) and 2,000,000 stock options
with an expected date of grant of the start date. Both the options
and RSUs vest over 4 years, 25% per year. Details regarding these
awards will be provided to you separately. Please remember that all
stock awards are subject to approval by the Compensation Committee of
the Board.
	 
	 	 
	Relocation:

	 	The company will reimburse you for all reasonable and customary
expenses related to your relocation to Kirkland. These benefits will
include
	 
	 	 
	 

	 	•    Exploratory trip for you and your family.

	 
	 

	 	•    1-2 house hunting trips for you and your family.

	 
	 

	 	•    Reimbursement of lease expenses in the Seattle area for up to
a 6 month period.

	 
	 

	 	•    Reimbursement of reasonable and customary closing costs
(which shall include brokers’ commissions) on the sale of your
current home and the purchase of a new home in the Seattle area,
subject to a limit of $300,000 in the aggregate.

	 
	 

	 	•    Shipment and storage of household goods.

	 
	 

	 	•    Tax gross up on non-deductible relocation reimbursements.

 

 

	 	 	 
	 

	 	More information regarding relocation benefits will be forwarded to
you separately. Any reimbursement or tax-gross up payments shall be
paid to you promptly but in no event later than end of the year in
which you incur such expenses (or the year in which you remit the
related taxes to the appropriate tax authorities, in the case of the
tax gross up).
	 
	 	 
	Benefits:

	 	In this role, you will participate in Clearwire’s benefit programs,
including medical, dental, disability, life insurance and 401(K)
plans.
	 
	 	 
	Time Off:

	 	You will be eligible for a total of 4 weeks of paid time off in
accordance with the company’s vacation and time off policies.
	 
	 	 
	Severance 

Benefits:

	 	In the event, your employment is terminated involuntarily for a
reason other than Cause, or you terminate your employment for Good
Reason you will be paid a lump sum severance benefit equal to 200%
of your annual base salary and targeted annual bonus, shall receive
24 months continuation of Qualifying Healthcare Coverage and shall
receive one year accelerated vesting on your stock compensation
awards. In lieu of the foregoing, upon the commencement of your
employment with the Company at all times thereafter you will be a
Group 1 Participant in the Clearwire Change in Control Severance Plan
dated March 25, 2008 (the “Change in Control Plan”) and shall be
eligible for benefits in accordance with the terms of such Change in
Control Plan (including the last sentence of Section 5.1 thereof).
The Change in Control Plan shall not be terminated or amended with
respect to your participation without your consent. “Cause,” “Good
Reason,” “Group 1 Participant” and “Qualifying Healthcare Coverage”
shall have the correlative meanings set forth in the Change in
Control Plan.

This offer is conditioned upon your executing the company’s Confidentiality and Intellectual
Property Agreement.

Subsequent to receipt of a signed offer letter and as a further condition for employment, Clearwire
conducts a reference/background check on prospective employees.  Clearwire reserves the right to
rescind the offer set forth in this letter based on the results of such screenings and may do so in
its sole discretion. While we expect that your tenure at Clearwire will be successful, please
understand that your employment, like that of all of our employees, is terminable at will, meaning
that either you or the Company can end the employment relationship at any time for any reason.

Please indicate your acceptance of this offer by signing below and returning it to Craig McCaw,
2300 Carillon Point, Kirkland, WA 98033 no later than March 12, 2009.

Bill, I am excited at the prospect of your joining the team and look forward to working with you in
building a great company.

Sincerely,

Craig McCaw

Chairman of the Board

	 	 	 	 
	/s/ WILLIAM T. MORROW

	 	March 6, 2009	 
	   	 
	Accepted

	 	Dateexv10w6

Exhibit 10.6

AMENDMENT ONE TO THE

DELL INC. 401(K) PLAN

     This Amendment is hereby entered into by Dell Inc., a Delaware corporation, having its
principal office in Round Rock, Texas (hereinafter referred to as “Employer”):

R E C I T A L S:

     WHEREAS, the Employer has previously established the Dell Inc. 401(k) Plan (the “Plan”) for
the benefit of those employees who qualify thereunder and for their beneficiaries; and

     WHEREAS, the Employer most recently amended and restated the Plan effective January 1, 2007;
and

     WHEREAS, the Employer desires to amend the Plan to permit loan transfers received in
connection with either a merger or acquisition to continue under the same amortization schedule
after the transfer into the Plan, and also to permit the Plan Administrator, on a quarterly basis,
to identify and make payment to former Participants that maintain an account balance consisting
solely of post-distribution allocation adjustments, and to close such accounts; and

     WHEREAS, the Employer desires to amend the Plan to cause the Plan to comply with the Final
Treasury Regulations under Section 415 of the Internal Revenue Code of 1986, as amended;

     NOW, THEREFORE, pursuant to Section 10.2 of the Plan, the following amendments are hereby
made, and shall be effective January 1, 2008:

1. Subsection 14.1(a) of the Plan is hereby amended, as underlined, to be and read as follows:

	 	“(a)	 	General. Unless otherwise provided by the Plan Sponsor, the Plan
authorizes the Trustee to make loans on a nondiscriminatory basis to a Participant or
Beneficiary in accordance with the written loan policy established by the Committee,
provided (i) the loan policy satisfies the requirements of Subsection 14.1(b); (ii)
loans are available to all Participants and Beneficiaries on a reasonably equivalent
basis and are not available in a greater amount for Highly Compensated Employees than
for other Employees; (iii) any loan is adequately secured and bears a reasonable rate
of interest; (iv) the loan provides for repayment within a specified time; (v) the
default provisions of the note prohibit offset of the Participant’s Nonforfeitable
Account Balance prior to the time the Trustee otherwise would distribute the
Participant’s Nonforfeitable Account Balance; and (vii) the loan otherwise conforms to
the exemption provided by Code Section 4975(d)(1). If the joint and survivor annuity
requirements of Section 9.6 apply to a Participant, the Participant may not pledge any
portion of his or her Account Balance as security for a loan

 

 

	 	 	 	unless, within the ninety (90) day period ending on the date the pledge becomes effective, the Participant’s
spouse, if any, consents (in a manner described in Section 9.6 other than the requirement relating to the consent of a subsequent
spouse) to the security, or, by a separate consent, to an increase in the amount of
security. No loan shall be provided to a Participant unless such Participant is on
the U.S. payroll of the Employer. Notwithstanding the foregoing, if the Plan
permits loan transfers in connection with either a Plan merger or an acquisition,
the amortization schedule for each transferred loan shall be maintained, as long as
the loan terms do not exceed sixty (60) months.

2. Subsection 14.1(b)(iii) of the Plan is hereby amended by adding the following language to the end thereof, to be and read as follows:

“Notwithstanding the foregoing, if the Plan permits loan transfers in connection with either
a Plan merger or an acquisition and the number of permitted loans in the “merged” or
“acquired” plan exceeds the number permitted by the Plan’s loan policy, then the Participant
may retain all loans that were assumed by the Plan in connection with the Plan merger or
acquisition.”

3. Section 7.3(c) is hereby amended by adding Subsection (v), to be and read as follows:

“(v) Notwithstanding the foregoing paragraph (b), the Administrator shall, at the end of
each calendar quarter, identify each Participant with a termination of employment date
during the previous 365 days who continues to maintain an account balance in the Plan and
shall determine whether such Participant’s account balance is maintained due to a
post-distribution allocation adjustment. The Administrator shall, as soon as
administratively feasible following the end of the calendar quarter, make an additional
distribution to each such Participant in order to distribute the remaining balance of his or
her Account. Such distribution shall be made in the same manner previously selected by the
Participant in accordance with Section 9.1. Once payment has been made, the Account of each
such former Participant shall be closed.”

4. Section 5.4 is hereby amended in its entirety, to be and read as follows:

“5.4 Limitations on Allocations Under Code Section 415. Contributions hereunder
shall be subject to the limitations of Code Section 415 and Treasury Regulations published
pursuant to such Code Section on April 5, 2007, the provisions of which are specifically
incorporated by reference; to the extent any portion of this Section conflicts with such
Regulations, the provisions of the Regulations shall govern.

	 	(a)	 	The Annual Additions to a Participant’s Individual Accounts hereunder (together
with the Annual Additions to the Participant’s account(s) under any other defined
contribution plans required to be aggregated with the Plan) for any Limitation Year may
not exceed the lesser of:

2

 

	 	(i)	 	Forty-nine Thousand Dollars ($49,000.00), subject to
cost-of-living increases as allowed under Code Section 415(d); or
	 
	 	(ii)	 	One hundred percent (100%) of the Participant’s 415
Compensation for the Limitation Year.

In the event the preceding limitations apply to an individual who is a Participant
in this Plan and was a Participant in any other defined contribution plan maintained
by the Employer, the limitations shall apply first to this Plan.

	 	(b)	 	For purposes of this Section the following definitions shall apply:

	 	(i)	 	“Annual Addition” shall mean the sum of the following additions
to a Participant’s Individual Accounts for the Limitation Year: (i) employer
contributions (including salary reduction contributions), (ii) employee
contributions, and (iii) forfeitures, if any. For purposes of this definition,
“Annual Additions” to other Employer defined contribution plans (also taken
into account when applying the limitations in Paragraph (a) above) include any
voluntary employee contributions to an account in a qualified defined benefit
plan and any employer contribution to an individual retirement account or
annuity under Code Section 408 or to a medical account for a key employee under
Code Section 401(h) or 419A(d), except that the 25%-of-pay limit below shall
not apply to employer contributions to a key employee’s medical account after
his separation from service.
	 
	 	(ii)	 	“Limitation Year” shall be the Plan Year.
	 
	 	(iii)	 	“415 Compensation” shall mean the compensation as defined
under Code Section 415(c)(3) and the Treasury Regulations issued pursuant
thereto.

	 	(c)	 	In the event the limitations in this Section are not satisfied, correction
shall be made under the rules provided in Revenue Procedure 2008-50 (and any successor
to that Revenue Procedure).”

     IN WITNESS WHEREOF, the Employer has caused this instrument to be executed this
10th day of December, 2008.

	 	 	 	 	 
	 	DELL INC.

 	 
	 	By:  	/s/ Kathleen O. Angel
 	 
	 	 	 	 
	 	Its:  	Director of Global Benefits 	 
	 	 	 	 
	 

	 
	ATTEST:

	/s/ Robert L. Potts

	 

3

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