Document:

Agreement dated as of December 17, 2007

 Exhibit 10.1 
 EXECUTION COPY 
 AGREEMENT 
 This AGREEMENT (this “Agreement”), dated as of December 17, 2007, is entered into by and among Sprint Nextel Corporation, a
Kansas corporation (“Sprint Nextel”), Embarq Corporation, a Delaware corporation (“Embarq” and together with Sprint Nextel, the “Parties”), and each other entity whose name appears on the signature
page hereto. 
 BACKGROUND 
 WHEREAS, Daniel R. Hesse (“Executive”) has been and is currently employed as President and Chief Executive Officer of Embarq pursuant to a certain Employment Agreement, dated as of June 7, 2005, by and among
Sprint Corporation, Sprint/United Management Company, and Executive (the “Employment Agreement”) and serves as Chairman of the Board of Directors of Embarq; 
 WHEREAS, Sprint Nextel desires to employ Executive as an executive officer of Sprint Nextel, and Executive desires to accept such employment with
Sprint Nextel; and 
 WHEREAS, in consideration of the agreements set forth herein, Embarq is willing to release claims, if any, it
has or may have against Sprint Nextel with regard to the recruitment and/or employment of Executive by Sprint Nextel, and, in consideration of the release, Sprint Nextel is willing to agree to the other terms hereof. 
 NOW, THEREFORE, in consideration of the mutual covenants contained herein and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Parties hereby agree as follows: 
 1. Release and Agreement Not to Sue. 

1.1 Each of the Parties, on behalf of itself and its affiliates and any of their respective successors, executors, and assigns, and their past,
present, and future officers, directors, shareholders, and employees (each of the foregoing, in such capacity, a “Releasing Party”), hereby forever releases, remises, and discharges the other Party and each of its respective
affiliates, successors, executors, and assigns, and their past, present, and future officers (including, without limitation, Executive), directors, shareholders, and employees (each of the foregoing, in such capacity, a
“Beneficiary”) from any and all claims, demands, controversies, actions, causes of action, obligations, liabilities, costs, expenses, fees, and damages whatsoever in character, nature and kind, in law or in equity, past or present,
known or unknown, suspected or unsuspected (the “Claims”), from the beginning of time that any Releasing Party had, has, or may have against any other Releasing Party arising out of or related to the recruitment and/or employment of
Executive by Sprint Nextel or one of its controlled affiliates. Each Releasing Party agrees not to bring any action, whether at law or equity, against any Beneficiary based on any Claim released under this Section 1.1. 
 2. Release of Arbitration Claims. 
 2.1
The Parties hereby agree to abandon and not pursue any further the arbitration procedure (the “Arbitration”) initiated by Embarq on or about September 26, 2007 by service of 

 
an Arbitration Demand Notice under the Separation and Distribution Agreement, dated as of May 1, 2006, by and among the Parties (the “Separation
Agreement”). Embarq hereby waives, withdraws, and forever releases and waives the Claims asserted by Embarq in the Arbitration and all other Claims it had, has, or may have against Sprint Nextel arising out of or related to
Section 2.08 or Schedule 2.08 of the Separation Agreement. Sprint Nextel hereby waives, withdraws, and forever releases all Claims it had, has, or may have against Embarq arising out of or related to Section 2.08 or Schedule 2.08 of the
Separation Agreement. 
 2.2 Each of the Releasing Parties acknowledges and agrees that it may be unaware of or may discover facts in
addition to or different from those which they now know or believe to be true related to or concerning the matters covered by Sections 1.1 and 2.1 hereto (collectively, the “Released Claims”). The Parties know that such presently
unknown or unappreciated facts could materially affect the claims or defenses of a Party or Parties. It is nonetheless the intent of the Parties to give a full and complete release and discharge of the Released Claims, and that this Agreement and
the Release reflected herein are effective as a full and final accord and satisfaction and release of all the Released Claims. To that end, with respect to the Released Claims, the Parties expressly waive and relinquish any and all provisions,
rights and benefits conferred by any law of the United States or of any state or territory of the United States or of any other relevant jurisdiction, or principle of common law, which is similar, comparable or equivalent to § 1542 of the
California Civil Code. With respect to the Released Claims only, the Parties expressly waive and relinquish, to the fullest extent permitted by law, the provisions, rights, and benefits of § 1542 of the California Civil Code, which provides:

 A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE
RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR. 
 3. PCS Services Wholesale Agreement.

 3.1 The Parties, Sprint Spectrum L.P. (“Spectrum”), and Sprint Long Distance, Inc. (n/k/a Embarq Communications, Inc.)
(“Embarq Communications”) hereby agree that Section 3.1.2 of Schedule 1.0 of the PCS Services Wholesale Agreement, dated as of January 19, 2006, by and between Spectrum and Embarq Communications (the “PCS
Agreement”), as amended, is amended: 
 (a) by replacing all references to the
“30th billing month” with “42nd billing
month” in Section 3.1.2; and 
 (b) by deleting in the first
sentence thereof the language that starts with “, provided that if actual MOU’s during the 18th billing month” and ends with “beginning
in the 19th billing month.” 
 3.2 The Parties, Spectrum, and Embarq Communications hereby agree that, prior to December 31, 2009, the occurrence of the event set forth in subsection (vii) of Section 14.1 of the PCS Agreement shall not constitute an event
of breach or a breach under the PCS 

  

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Agreement. Sprint Nextel and Spectrum hereby waive any right that Sprint Nextel or Spectrum had, has, or may have to terminate the PCS Agreement upon or by
reason of the occurrence of the event set forth in subsection (vii) of Section 14.1 of the PCS Agreement prior to December 31, 2009. 
 3.3 The Parties, Spectrum, and Embarq Communications hereby agree to negotiate in good faith to complete the pending Second Amendment to the PCS Agreement. 
 4. Patent Agreement. The Patent Agreement, dated as of the Distribution Date (as defined therein), by and between the Parties (the “Patent Agreement”) hereby is amended by
deleting the text of Section 3.02(b)(i) thereto in its entirety and replacing it with the following: “its expiration on the 5th anniversary of the Distribution Date; or”. Such amendment to the Patent Agreement shall be effective as of
the date hereof. All other terms and conditions of the Patent Agreement remain in effect and are unchanged by this Agreement. 
 5.
Lease. The Parties hereby agree and agree to cause their appropriate subsidiaries to negotiate in good faith and execute no later than December 31, 2007, a lease (the “Lease”) whereby Embarq or its appropriate
subsidiary leases certain premises (the “Premises”), as described, and on terms set forth on Schedule 1 attached hereto. 
 6.
Nonsolicitation. For a period of eighteen (18) months after the date hereof (the “Nonsolicitation Period”), Sprint Nextel, on behalf of itself and its affiliates, hereby agrees that, without the prior written
consent of Embarq, neither it nor any of its controlled affiliates shall directly or indirectly employ, induce, solicit for employment, or assist others in employing any individual (other than Executive) who is at the time of the first direct or
indirect contact an employee of Embarq or any of its controlled affiliates and who (i) is at the level of director or above, or (ii) served on the Executive’s staff and reported directly to the Executive during the Executive’s
tenure at Embarq. 
 7. Proprietary Information. 
 7.1 Sprint Nextel acknowledges that Executive possesses certain Proprietary Information (as defined in the Employment Agreement) that has been revealed to or learned by Executive during his employment with Embarq.
Sprint Nextel acknowledges that Executive’s obligations under the Employment Agreement in respect of Proprietary Information (as defined therein) survive the termination of his employment with Embarq, and that any unauthorized disclosure or use
of such Proprietary Information by Executive will cause Embarq harm. 
 7.2 Sprint Nextel hereby agrees to direct Executive not to disclose,
publish, communicate, or use any Proprietary Information in violation of the Employment Agreement, and agrees that Sprint Nextel shall be responsible for any such breach of the Employment Agreement by Executive while Executive is employed by Sprint
Nextel. 
 8. Governing Law. This Agreement shall be construed and interpreted in accordance with the laws of Delaware without regard to
its provisions concerning conflicts of laws, choice of law, choice of forum, or principles that might otherwise refer construction or interpretation of this Agreement to the substantive law of another jurisdiction. The Parties hereby irrevocably
(a) submit themselves to the non-exclusive jurisdiction of the state and federal courts sitting in 

  

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Delaware and (b) waive the right and hereby agree not to assert by way of motion, as a defense or otherwise, in any action, suit, or other legal
proceeding brought in any such court, any claim that it, he, or she is not subject to the jurisdiction of such court, that such action, suit, or proceeding is brought in an inconvenient forum, or that the venue of such action, suit, or proceeding is
improper. Each Party also irrevocably and unconditionally consents to the service of any process, pleadings, notices, or other papers in a manner permitted by the notice provisions of the Separation Agreement. EACH PARTY HEREBY IRREVOCABLY WAIVES
ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING, OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT, OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE ACTIONS OF SUCH PARTY IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE, AND
ENFORCEMENT HEREOF. 
 9. Severability. In the event any one or more of the provisions contained herein shall for any reason be held to
be invalid or unenforceable in any respect, such invalidity or unenforceability shall not affect any other provision hereof, but this Agreement shall be construed to the greatest extent possible in a manner that effects the original intent of the
Parties as set forth herein. 
 10. Binding Effect. This Agreement shall be binding upon and shall inure to the benefit of the Parties
and their respective successors and permitted assigns. 
 11. Amendments. This Agreement shall not be amended or modified except by a
written instrument duly executed by the Parties or their respective successors and assigns. 
 12. Other. The Executive is an intended
third-party beneficiary of the releases and covenants set forth in Section 1.1 of this Agreement. 
 13. Counterparts. This
Agreement may be executed in any number of counterparts, each of which shall be considered to be an original instrument and to be effective as of the date first above written. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 
  

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

			
	SPRINT NEXTEL CORPORATION
		
	By:	 	 /s/ James H. Hance, Jr.

	Name:	 	James H. Hance, Jr.
	Title:	 	Non-Executive Chairman
	
	SPRINT SPECTRUM L.P.
		
	By:	 	 /s/ Leonard J. Kennedy

	Name:	 	Leonard J. Kennedy
	Title:	 	Vice President

  

			
	SPRINT COMMUNICATIONS COMPANY L.P.
		
	By:	 	 /s/ Leonard J. Kennedy

	Name:	 	Leonard J. Kennedy
	Title:	 	President

  

			
	EMBARQ CORPORATION
		
	By:	 	 /s/ Thomas A. Gerke

	Name:	 	Thomas A. Gerke
	Title:	 	General Counsel – Law and External Affairs

  

			
	EMBARQ COMMUNICATIONS OF VIRGINIA, INC.
		
	By:	 	 /s/ Thomas A. Gerke

	Name:	 	Thomas A. Gerke
	Title:	 	Vice President

  

			
	EMBARQ COMMUNICATIONS, INC.
		
	By:	 	 /s/ Thomas A. Gerke

	Name:	 	Thomas A. Gerke
	Title:	 	Vice President

 [Signature Page to Agreement by and between Sprint Nextel Corporation, Embarq Corporation,
and Other Signatories Thereto]Voluntary Termination of Employment Letter Agreement dated December 17, 2007

 Exhibit 10.2 
 [EMBARQ CORPORATION LETTERHEAD] 
 December 17, 2007 
 Daniel R. Hesse 
 [ADDRESS] 
  

	Re:	Voluntary Termination of Employment 

 Dear Dan: 
 The purpose of this letter is to confirm our mutual understanding of the consequences of your resignation, as of December 17, 2007 (the “Resignation
Date”), from Embarq Corporation (the “Company”), both as an employee and as a member of the Board of Directors, to accept employment with Sprint Nextel Corporation (“Sprint Nextel”). 
 Specifically, because your resignation is a voluntary termination of employment with the Company, the following occurs: 
  

	 	1.	Pursuant to the terms of your employment agreement with the Company, dated June 7, 2005 (the “Employment Agreement”), upon your voluntary termination, you will be
entitled to receive (A) on or before December 28, 2007 a lump sum, in cash, equal to your earned but unpaid Base Salary (as defined in your Employment Agreement) and any other earned but unpaid cash entitlements for the period through and
including the Resignation Date, including un-reimbursed documented business expenses and accrued paid time off and (B) any other benefits you have earned, and as to which you have a continued right, for the period through and including the
Resignation Date under any other employee benefit plans, policies, practices, programs and arrangements maintained by the Company, in accordance with their terms. The Company will identify these in a schedule to be provided to you within 2 days of
execution (the “Schedule”). In addition, you will be entitled to exercise stock options which have vested prior to the Resignation Date, as set forth in Attachment A hereto, for a period of 90 days following the Resignation Date.

  

	 	2.	You have the right to continue your medical and dental coverage, as required by the Consolidated Omnibus Budget Reconciliation Act (“COBRA”). In order to receive COBRA
coverage, you must comply with the COBRA continuation provisions of your medical and dental insurance plan. In particular, you must deliver a notice of your election to continue medical coverage (or medical and dental coverage) under COBRA within 60
days of your Resignation Date. A COBRA notification and election form will be sent to you separately. 

  

	 	3.	All unvested equity that you hold, including stock options and restricted stock units, will be forfeited as of the Resignation Date. 

 Daniel R. Hesse 
 December 17, 2007 
 Page 2 of 4 
  

	 	4.	On May 22, 2007, 15,376 restricted stock units vested and were delivered to you as unrestricted shares of Embarq common stock. These shares are not subject to any forfeiture
provision. 

  

	 	5.	You will not be entitled to receive any portion of your target bonus for 2007 under the Company’s Short Term Incentive Plan. 

  

	 	6.	You are not entitled to any payments, benefits, severance payments or other compensation beyond that expressly provided herein. 

  

	 	7.	The restrictive covenants found in Section 6.15, and the enforcement provisions of Section 6.16, of your Employment Agreement will remain in full force and effect
following your termination of employment, pursuant to their terms, except that the Company hereby agrees not to bring any action, whether in law or in equity, against you with respect to your acceptance of employment at Sprint Nextel.

 For and in consideration of the Company’s agreement not to take legal or injunctive action against you, as provided in paragraph 6
above, and intending to be legally bound, you agree to REMISE, RELEASE, AND FOREVER DISCHARGE the Company and each of its past or present subsidiaries and affiliates, its and their past or present officers, directors, stockholders, employees
and agents, their respective successors and assigns, heirs, executors and administrators, the pension and employee benefit plans of the Company, or of its past or present subsidiaries or affiliates, and the past or present trustees, administrators,
agents, or employees of the pension and employee benefit plans (hereinafter collectively included within the term the “Company”), acting in any capacity whatsoever, of and from any and all manner of actions and causes of actions, suits,
debts, claims and demands whatsoever in law or in equity, which you ever had, now have, or hereafter may have, or which your heirs, executors or administrators hereafter may have, whether known or unknown, by reason of any matter, cause or thing
whatsoever from the beginning of your employment with the Company to the date of this Letter Agreement and particularly, but without limitation of the foregoing general terms, any claims arising from or relating in any way to your employment
relationship and directorship and the termination of your employment relationship and directorship with the Company, including but not limited to, any claims which have been asserted, could have been asserted, or could be asserted now or in the
future under any federal, state or local laws, including any claims under the Rehabilitation Act of 1973, 29 USC §§ 701 et seq., as amended, Title VII of the Civil Rights Act of 1964, 42 USC §§ 2000e et seq., as amended, the
Civil Rights Act of 1991, 2 USC §§ 60 et seq., as applicable, the Age Discrimination in Employment Act of 1967, 29 USC §§ 621 et seq., as amended (“ADEA”), the Americans with Disabilities Act, 29 USC §§ 706 et
seq., and the Employee Retirement Income Security Act of 1974, 29 USC §§ 301 et seq., as amended, any contracts between you and the Company and any common law claims now or hereafter recognized and all claims for counsel fees and costs;
provided, however, that this release shall not apply to your rights to (i) benefits referred to in Section 1 above or listed on the Schedule or 

 Daniel R. Hesse 
 December 17, 2007 
 Page 3 of 4 
 on Attachment A hereto, and (ii) indemnification, as either an officer or director, under the terms of your indemnification agreement with the Company, the Company’s bylaws, and any insurance policies in
effect from time to time, including but not limited to providing insurance for Company officers generally, as to acts within the scope of your employment and directorship, but not as to your resignation or acts outside the scope of that employment
and directorship. 
 This Letter Agreement supersedes all prior agreements including the Employment Agreement previously entered into by you and the Company,
except as specifically set forth in this Letter Agreement, and sets forth the entire understanding among the parties hereto with respect to the subject matter hereof and cannot be changed, modified, extended or terminated except upon written
amendment approved and executed by you and the General Counsel of the Company. 
 This Letter Agreement will be interpreted and enforced under the laws of
the State of Kansas without regard to any conflict of laws principles. 
 Please acknowledge that the terms and conditions, and the general release, set
forth above are correct and that you agree to all such terms and conditions, and hereby agree to be bound by the general release, by signing this letter and returning it to me. 
  

			
	Sincerely,
	
	Embarq Corporation
	
	 /s/ E.J. Holland, Jr.

	Name:	 	E.J. Holland, Jr.
	Title:	 	Senior Vice President, Human Resources
	
	Accepted and Agreed:
	
	 /s/ Daniel R. Hesse

	Daniel R. Hesse
	Date:	 	12/17/07

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