Document:

EX-10.1

Employment Agreement

This Employment Agreement (“Agreement”) is entered into between Alaska Communications Systems
Group, Inc., a Delaware corporation, its subsidiaries, affiliates and any business ventures in
which they may participate (collectively “ACS” or “the Company”) and Anand Vadapalli (“Executive”).
ACS and Executive are also referred to herein individually as a “Party” and collectively as the
“Parties.”

WITNESSETH:

WHEREAS, Executive has served successfully in key leadership positions with ACS since 2006;
and

WHEREAS, the Company has progressively expanded Executive’s role and responsibilities with the
Company over time; and

WHEREAS, the Company desires to continue to employ and to promote Executive to serve as the
President and Chief Executive Officer of the Company; and

WHEREAS, Executive agrees to provide such services to ACS upon the terms and conditions set
forth herein;

AGREEMENT

NOW, THEREFORE, for and in consideration of the promises and other good and valuable
consideration set forth in this Agreement, the sufficiency and receipt of which are hereby
acknowledged, ACS and Executive hereby agree as follows:

	1.	 	Effective Date and Effect of Prior Agreement. The effective date (“Effective Date”)
of this Agreement shall be August 5, 2015. Subject to the opportunity to vest previously
granted awards, this Agreement rescinds and supersedes any prior employment agreement between
the parties.

	2.	 	Position Title and Location. ACS hereby employs Executive and Executive accepts
employment by ACS as the President and Chief Executive Officer (“CEO”) of the Company.
Executive shall also be appointed to serve as a director on the Company’s Board of Directors
(“Board”) as of the Effective Date of this Agreement, and thereafter shall be nominated and
recommended annually by the Board for re-election as a director for so long as he continues to
serve as President and CEO of the Company. The primary work location1 of the
principal place of employment for the President and CEO position shall be selected by
Executive at either the Company’s headquarters offices in Anchorage, Alaska, or at Executive’s
principal residence, which Executive has or may establish at any time during this Agreement
anywhere in the lower 48 United States within reasonable flying distance to the Company’s
headquarters (“Outside Principal Residence”). If Executive’s primary work location is at his
Outside Principal Residence, Executive shall travel to and from work from the Company’s
headquarters periodically based on the needs of the business as determined by Executive in
consultation with the Board.

	3.	 	Responsibilities and Authority. Executive shall be fully responsible for the general
oversight and management of ACS, including overall business strategy, all operating units,
operating plans, and financial performance, and such business ventures as the Company may
acquire or participate in. In accordance with the Company’s Articles of Incorporation, Bylaws
and the ACS Corporate Governance Principles, Executive shall perform all duties incident to
his office, as assigned or modified from time to time by the Board.

	4.	 	Reporting. Executive shall report directly to the Board, to each committee of the
Board, as requested, and to the Chairman of the Board. All other members of executive
management of the Company shall report to Executive.

	5.	 	Term. Unless otherwise terminated as provided in this Agreement, Executive’s term of
employment (“Term”) shall commence on the Effective Date and shall continue until June 30,
2018; provided, that the Term shall be automatically extended for successive one-year periods
thereafter, unless written Notice is given by either Party to the other Party at least one
hundred eighty (180) days prior to the last day of the then-existing initial or extended Term,
of the Party’s intent to terminate the Agreement on the last day of that Term.

	6.	 	Loyalty and Effort. Executive agrees to abide by the ACS Articles of Incorporation,
Bylaws, Corporate Governance Principles, policies and procedures and decisions of the Board,
as those documents may be modified from time to time, and agrees to devote his full time,
attention, abilities and efforts to the business of the Company during the Term of this
Agreement, except for permitted vacation periods and reasonable periods of illness or
incapacity. Executive understands and accepts that he owes the Company the highest duty of
fidelity and loyalty. Executive will never make secret profits at ACS’ expense, will not
accept favors from customers or suppliers, except in accordance with law and ACS policy, and
will protect all of ACS’ property, tangible and intangible, as if it were Executive’s own.
While an employee of ACS, Executive will not perform employment duties or provide services for
remuneration for any other person or entity without the prior written consent of the Board.
Executive may serve as a member of the boards of directors of such other business, community
and charitable organizations as he may disclose to the ACS Board of Directors, subject to
approval by the Board, which approval may be withheld or rescinded in the best interests of
ACS’ business.

	7.	 	Compensation. During the Term of this agreement, ACS agrees to pay Executive, and
Executive agrees to accept in exchange for his services under this Agreement, the following
compensation:

	 	7.1.	 	Annual Base Salary. Executive shall be paid an annual base salary of not less
than four hundred fifty thousand dollars ($450,000.00) (the “Base Salary”), subject to
payroll taxes and withholding, to be paid in substantially equal installments at the same
intervals as other officers of ACS are paid. The annual Base Salary shall be prorated for
partial years of service based on the number of days Executive is employed in the position
compared to the total number of days in the year. The Board shall annually consider
Executive’s Base Salary and make such increases as it deems appropriate.

	 	7.2.	 	Annual Cash Incentive. In addition to the annual Base Salary, Executive is
eligible for a target annual Cash Incentive (“CI”) payment, which shall not be less than
the Base Salary, with the actual amount to be paid determined annually by the Compensation
and Personnel Committee of the Board (“Committee”) based on his achievement of the annual
performance objectives (“Objectives”) to be set by the Committee within ninety (90) days of
the beginning of each performance year. Except as otherwise specifically provided in this
Agreement, to be eligible to receive CI in respect to performance in any performance year,
Executive must be actively employed by ACS and in good standing on the day the annual CI
amounts are paid for the relevant performance year. Payment of CI to Executive shall be
made not later than the time such payments are made to any other Officers of ACS.

	 	7.3.	 	Long-Term Incentive and Retention Compensation.

	 	7.3.1.	 	During the Term of this Agreement, Executive shall be eligible to receive annual
long-term awards (“LTAs”) in the form of time-vested Restricted Share Units,
performance-based Performance Share Units or other equity or equity-based awards, or a
combination thereof (“Equity”) and/or performance-based cash awards other than annual
cash incentives. To align the interests of Executive with those of the Company
shareholders, annual LTAs should be guided by the principle that annual LTAs are not
less than twice the value of Executive’s annual base salary. The specific quantity
and type of LTAs (as well as the terms and conditions associated with and the grant
date schedule for each LTA), however, shall be determined annually by the Compensation
and Personnel Committee of the Board of Directors within ninety (90) days of the
beginning of each performance year. The annual LTAs shall vest only in the amounts
and on the terms and schedule approved by the Board, and based on accomplishment of
performance objectives set by the Board, shall be subject to the terms of an
individual grant award agreement which must be executed by Executive within a
reasonable amount of time following the grant as a condition of vesting the LTA and
shall vest post separation only in compliance with the provisions of this Agreement,
including those restrictive covenants set forth in Section 12 of this Agreement.

	 	7.3.2.	 	Executive agrees to abide by ACS’ minimum executive equity holding policies, as
those policies may be amended from time to time in the discretion of the Board.
Currently, the minimum equity holding requirement for Executive’s position is to
accumulate and hold a number of shares of ACS common stock, including both vested and
unvested Equity grants having a value of at least three (3) times Executive’s annual
Base Salary, within five (5) years of the date Executive started work with ACS.
Executive understands and accepts that the Board may modify these minimum holding
requirements in the future and agrees that any such future modifications of holding
requirements shall be binding on him.

	 	7.4.	 	Taxes and Withholding. All amounts paid to Executive or to Executive’s estate
or beneficiaries, whether in cash or equity compensation, shall be subject to applicable
payroll taxes and withholding as required by law, which shall be deducted from the cash
payment(s) or shares of stock or stock units, as the case may be, before payment to
Executive.

	 	7.5.	 	Notwithstanding anything to the contrary in this Agreement, in the event that a
majority of the shareholders of the Company votes to disapprove: (i) any proposed employee
stock incentive plan (“Plan”) or amendment to or extension of any such Plan which is
necessary in order to continue awarding Equity grants to the Officers, Directors or
employees of ACS; (ii) the authorization of additional shares of Company stock necessary to
continue to provide Equity grants to the Officers, Directors or employees of ACS pursuant
to any such Plan; or (iii) an advisory vote on Executive’s compensation package; the
Parties shall promptly initiate good faith negotiations to amend this Agreement to take
into account the results of any of the above shareholder votes. If the Parties are unable
to reach agreement on an amendment that is satisfactory to both Parties within a reasonable
period of time not to exceed ninety (90) days, either Party may terminate this Agreement
thereafter upon thirty (30) days written Notice to the other Party, provided however, in
the event that this Agreement is terminated under this section, the Parties shall promptly
initiate good faith negotiations to resolve the amount, if any, of any severance payments
due to Executive.

	8.	 	Additional Benefits.

	 	8.1	 	During the Term of this Agreement, and in accordance with their normal eligibility
requirements, Executive shall be entitled to participate in other Company benefit programs
generally available to all or substantially all of ACS’ employees (excluding participation
in Equity compensation and cash incentive programs other than as provided for in this
Agreement) on no less favorable terms than are applicable to other Company executives,
including health and welfare benefits, paid leave, retirement benefits and 401k plans, and
the ACS employee stock purchase plan, all subject to the Board’s authority, from time to
time, to add to, modify, replace or discontinue these generally applicable employee benefit
programs in accordance with law. In the event that Executive relocates to an Outside
Principal Residence and his primary work location is outside of Alaska as permitted
pursuant to Section 2 of this Agreement, Executive will not be enrolled in the Alaska
Electrical Pension Plan, but will instead be eligible for matching contributions to his
401(k) plan to the extent matching contributions are offered by the Company.

	 	8.2	 	In the event that Executive relocates to an Outside Principal Residence, Executive
shall be entitled to reimbursement for all reasonable travel costs between Executive’s
Outside Principal Residence and the Company’s headquarters (currently in Anchorage) or
other appropriate business locations, and living expenses while working away from
Executive’s Outside Principal Residence. All such expenses shall be reimbursed at actual
cost to Executive. Further, the Company shall lease appropriate living accommodations for
Executive’s use while working away from his Outside Principal Residence at the Company’s
headquarters with such living expenses not to exceed $2,500 per month. Executive shall
also be entitled to reimbursement of normal business expenses (including reasonable and
necessary travel expenses on behalf of the Company) in accordance with the Company’s
applicable expense reimbursement policies and procedures and shall be covered under ACS’
Directors and Officers insurance and corporate indemnification policies, as they may be
amended from time to time, and subject to the terms and conditions of those respective
plans and programs. Executive shall also receive an annual automobile allowance, which
shall be pro-rated in the first and last years of the Term. The Company agrees to
reimburse Executive for his reasonable legal and other professional fees actually incurred
with respect to the negotiation, and prior to the execution, of this Agreement, up to a
maximum of twenty thousand dollars ($20,000.00), upon submission of adequate documentation
of such payments by Executive. Reimbursement for legal expenses shall be made promptly,
and no event later than March 15 of the year after the year in which this Agreement is
executed by both Parties.

	 	8.3	 	Executive may receive a relocation payment of up to fifty thousand dollars ($50,000.00)
for reimbursement of customary relocation expenses and reimbursement of up to fifty
thousand dollars ($50,000.00) for realtor commissions associated with the sale of
Executive’s principal residence in Anchorage, as documented by receipts submitted by
Executive within twelve (12) months of Executive incurring such expenses (and expressly
excluding reimbursement of any loss on sale of Executive’s residence) in connection with a
relocation Executive makes at any time during the term of this Agreement to establish his
Outside Principal Residence as permitted pursuant to Section 2 of this Agreement.
Relocation payments are subject to vesting based on continued employment through the end of
the Term of this Agreement and will be forfeited on a pro-rata basis based upon the
remaining time period of the contract for which the CEO voluntarily elects not to serve.
However, the Company may at it sole discretion accelerate such vesting on a discretionary
basis.

	 	8.4	 	Executive understands and acknowledges that under current tax regulations, in the event
that Executive relocates his principal residence outside of Anchorage, but spends more than
50% of his working time in Anchorage, travel and living expenses provided by the Company
would be considered taxable compensation. Executive acknowledges that he fully understands
the tax consequences associated with the reimbursement of travel and living expenses as
provided in Section 8.2 and agrees that he shall be solely responsible for any taxes that
may be imposed upon such reimbursements and that the Company will not provide any tax
gross-up or tax make-whole payment in relation thereto. To the extent that any
reimbursements under this Agreement are subject to Section 409A, any such reimbursements
payable to Executive shall be paid to Executive no later than December 31 of the year
following the year in which the expense was incurred; provided, that Executive submits
Executive’s reimbursement request promptly following the date the expense is incurred, the
amount of expenses reimbursed in one year shall not affect the amount eligible for
reimbursement in any subsequent year, other than medical expenses referred to in Section
105(b) of the Code, and Executive’s right to reimbursement under this Agreement will not be
subject to liquidation or exchange for another benefit.

	9.	 	Insurance. At ACS’ request, Executive shall cooperate with ACS in obtaining, at ACS’
expense, key-man life insurance policies on Executive’s life, with ACS to be the beneficiary
of any such policies. ACS’ inability to obtain such insurance due to the lack of insurability
of Executive shall not be a breach of this Agreement.

	10.	 	Termination of Employment. Upon termination of his service as President and CEO for
any reason, Executive shall immediately tender his resignation as a director of the Company,
which the Board reserves the right to accept or reject. In the event Executive’s resignation
as a director is accepted, Executive shall promptly execute and tender any documents that may
be necessary to effectuate his resignation from the Board. Termination of Executive’s
employment with ACS may be by any of the following means:

	 	10.1.	 	By ACS. ACS may terminate the employment of Executive at any time during the
Term of this Agreement, with or without Cause (as defined in Section 11.11.1 of this
Agreement), upon the giving of written Notice to Executive of such termination in
accordance with this Agreement. In the event of termination for Cause, the Company must
specify the reasons for the termination in the written Notice provided to Executive.

	 	10.2.	 	By Executive. Executive may terminate his employment with ACS at any time
during the Term of this Agreement, whether for Good Reason or otherwise, upon the giving of
written Notice of his resignation in accordance with this Agreement.

	 	10.3.	 	Upon Retirement. Executive is eligible to terminate his employment by
Retirement upon the giving of written Notice as provided in this Agreement, at any time he
is eligible for Retirement as that term is defined in Section 11.11.5 of this Agreement.

	 	10.4.	 	Upon Death or Disability. This Agreement and Executive’s employment with ACS
shall terminate immediately upon the Board’s determination of Death or Disability of
Executive, as those terms are defined in this Agreement; provided, if Executive is disabled
and unable to perform the normal duties of his position for any period longer than sixty
(60) days, the Board, in its discretion, may require Executive’s title, duties and
responsibilities to be reassigned to and performed by another individual for any period of
time during which Executive remains disabled, and such reassignment shall not be considered
Good Reason for Executive to resign under this Agreement.

	 	10.5.	 	Notice of Termination. For a termination of employment for which the Notice
requirements are specifically set forth in this Agreement (e.g. subsection
11.11.1—Termination for Cause, or subsection 11.5.2—Resignation for Good Reason), the
Notice requirements of the applicable section shall govern. For all other terminations of
employment (other than termination for Death or Disability, which is provided for in
Section 10.4 hereof, written Notice of the termination of employment shall be provided by
ACS or the Executive, whichever initiates the termination. The Notice required by this
section 10.5 shall be given at least thirty (30) days in advance of the termination by the
Party initiating the termination, during which period Executive’s employment and provision
of services will continue; provided, however, that ACS may excuse Executive from any or all
of his duties during the Notice period, without changing the date on which the Executive’s
employment terminates or reducing the Executive’s compensation for the remainder of the
Notice period.

	 	10.6	 	Cooperation during and after transition. Upon Notice of the non-renewal or
other termination of Executive’s employment or this Agreement for any reason, Executive
shall provide transition assistance to the Company as is reasonably requested by the Board
for a period not to exceed six (6) months from the date of termination of his employment.
Executive further agrees that, notwithstanding the termination of his employment, he will
continue to reasonably cooperate with the Company in response to reasonable requests for
information, affidavits, depositions, testimony or other assistance concerning matters
involving the business, or in connection with any regulatory or other reviews or
investigations, or the defense or prosecution or any claims, including being available at
reasonable times and durations for interviews, depositions and testimony in regard to any
matters in which Executive has relevant information.  Except for any claim or action that
Executive may assert against the Company, Executive shall be reasonably compensated for his
time (at the rate of $500 per hour, not to exceed $4,000 per day) and receive reimbursement
for expenses, including without limitation lost compensation and reasonable out-of-pocket
travel, hotel and meal expenses incurred in connection with providing such transition
assistance and cooperation at the Company’s request. Executive agrees that such
cooperation shall be provided without the necessity of any subpoenas.

	11.	 	Severance Benefits.

	 	11.1.	 	Section 409A. For purposes of this Agreement, any installment payments or
equity grants in installments shall constitute separate payments for purposes of Section
409A of the Internal Revenue Code (“Section 409A”). To the extent possible, payments under
this Agreement are intended to qualify as short-term deferrals or as payments under a
separation pay plan, as described in Treasury Regulation Sections 1.409A-1(b)(4) and
-1(b)(9). To the extent Section 409A applies to any payment under this Agreement, this
Agreement is intended to comply with Section 409A. Notwithstanding any other provision of
this Agreement to the contrary, this Agreement shall be interpreted, applied, operated and
administered in a manner consistent with such intentions, so as to avoid subjecting
Executive to any additional tax or accelerated income recognition under Section 409A.
Except with respect to any amounts that may qualify as short-term deferrals, no Severance
Benefits that are payable under this Agreement on account of the Executive’s termination of
employment shall be paid unless such termination constitutes a “separation from service,”
as that term is defined in applicable Treasury regulations issued under Section 409A.
Notwithstanding anything to the contrary in this Agreement, if at the time of the
Executive’s termination of employment with the Company, Executive is a “Specified
Employee,” as determined by the Company in accordance with Section 409A of the Code, and
the deferral of the commencement of any payments or benefits otherwise payable hereunder as
a result of such termination of employment is necessary in order to prevent any accelerated
or additional tax under Section 409A of the Code, then the Company will defer the
commencement of the payment of any such payments or benefits hereunder (without any
reduction in the payments or benefits ultimately paid or provided to the Executive) until
the date that is at least six (6) months following the Executive’s termination of
employment with the Company (or the earliest date permitted under Section 409A of the
Code), whereupon the Company will pay the Executive a lump-sum amount equal to the
cumulative amounts that would have otherwise been previously paid to the Executive under
this Agreement during the period in which such payments or benefits were deferred (without
interest). Thereafter, any remaining payments will resume in accordance with this
Agreement.

	 	11.2.	 	General. The severance payments and benefits provided for under this Section
11 (“Severance Benefits”) shall be the only Severance Benefits to which Executive is
entitled under this Agreement. Executive understands and agrees that, except as set forth
in Section 11.3 below, no Severance Benefits shall be paid if his employment terminates in
accordance with Section 5 of this Agreement on June 30, 2018 or such later date to which
the Term of his employment may be extended under Section 5 hereof. Upon termination of
employment, Executive shall not be eligible for any Cash Incentive or other bonus
compensation which has not been paid or, in the case of equity awards, have not vested or
been exercised, as the case may be, prior to the date of termination of his employment,
except as specifically provided in this Section 11. Except to the extent that it would
cause a violation of Section 409A of the Code, ACS may offset against any Severance
Benefits which may be owing to Executive any amounts then owed by Executive to the Company.
Executive acknowledges and agrees that his entitlement to any Severance Benefits is
conditioned upon Executive’s execution, timely delivery and non-revocation of a general
release in favor of ACS in the form set forth in Exhibit A, attached hereto, which ACS
shall tender to Executive within ten (10) days after termination of his employment and
Executive shall sign and deliver to ACS not later than thirty (30) days after his receipt
of the general release from the Company or such other period as required by law. Severance
Benefits under this Agreement shall be paid on the last day of the sixty (60) day period
following Executive’s termination of employment. Executive’s failure to execute the
general release provided for herein within the thirty-day (30) day period provided in this
Agreement or his revocation of a previously executed release pursuant the terms of that
release, shall result in Executive’s forfeiture of all Severance Benefits to which he would
otherwise be entitled under this Agreement.

	 	11.3.	 	Termination in accordance with Section 5 of this Agreement. In the event
Executive’s employment terminates at the end of the Term, including any extension thereof,
ACS shall pay Executive all of the following: a Cash Incentive (“CI”) payment based on
achievement of annual performance Objectives set by the Committee, as determined by the
Committee, consisting of: (a) a CI payment for the prior full performance year of
Executive’s employment, if CI for such performance year is unpaid as of the date of
termination of his employment in the subsequent year; and (b) a CI payment for the final
partial year of Executive’s employment, which payment shall be pro-rated based on the
number of days in the final partial year that Executive was employed by ACS compared to the
total number of days in the year. The Company and any successor shall determine such CI
payments in accordance with the objective criteria the board has established to measure
Company achievement for the relevant performance year and this measure of Company
achievement shall be no less than the level of Company achievement as determined for other
Company executive management. Also, unless otherwise required by Section 11.1 hereof, shall
be made in the year following the performance year to which the Cash Incentive payments
relate at the time Cash Incentive payments are made to other officers of the Company for
the performance year(s) in question.

	 	11.3.1.	 	vesting of any outstanding LTAs on the following basis: (1) continued vesting of
time vested awards that are scheduled to vest during subsequent periods; and (2)
continued vesting during subsequent periods, subject to the satisfaction of the
applicable performance conditions established under the terms of the awards, of
performance-based awards that vest in subsequent periods; and

	 	11.3.2.	 	a relocation payment as set forth in subsection 11.5.1(v) of this Agreement
provided Executive has not established an Outside Principal Residence and claimed
relocation benefits as provided in Section 8.2.

	 	11.4	 	Termination for Cause and Resignation without Good Reason. Executive shall
not be entitled to receive any Severance Benefits under this Agreement in the event
Executive’s employment is terminated by the Company for “Cause” or Executive resigns from
his position without “Good Reason,” as those terms are defined in this Agreement. In such
event, Executive shall be paid his normal Base Salary prorated to the date of termination
of his employment, minus any applicable taxes or other withholding, and shall be entitled
only to any standard employee benefits under generally applicable employee benefits plans
for which he is eligible upon termination (but excluding any payments provided for upon
termination at the expiration of the Term or extended Term under Section 11.3 of this
Agreement). Executive shall not be entitled or deemed to have earned any Cash Incentive or
bonus compensation payment for work performed during the calendar year in which the
termination occurs. Executive shall not be entitled to and shall not receive any equity
awards that otherwise might vest after the date of his termination, and all unvested and
unexercised equity awards shall be forfeited immediately upon termination of his
employment.

	 	11.5	 	Resignation for Good Reason.

	 	11.5.1	 	Executive shall be entitled to the following Severance Benefits upon his
resignation for Good Reason:

	 	(i)	 	one times (1x) Executive’s annual Base Salary, and one
times (1x) Executive’s target annual Cash Incentive in effect at the time of
the termination of his employment; provided, such payment shall be made
promptly by ACS in accordance with this Agreement, and in no event later
than the earlier of (a) ninety (90) days after the effective date of such
termination, or (b) March 15 of the year following the year of termination
of Executive’s employment;

	 	(ii)	 	a Cash Incentive payment based on achievement of annual
performance Objectives set by the Committee, as determined by the Committee,
consisting of: (a) a CI payment for the prior full performance year of
Executive’s employment, if CI for such performance year is unpaid as of the
date of termination of his employment in the subsequent year; and (b) a CI
payment for the final partial year of Executive’s employment, which payment
shall be pro-rated based on the number of days in the final partial year
that Executive was employed by ACS compared to the total number of days in
the year. The Company and any successor shall determine such CI payments in
accordance with the objective criteria the board has established to measure
Company achievement for the relevant performance year and this measure of
Company achievement shall be no less than the level of Company achievement
as determined for other Company executive management. Also, unless otherwise
required by Section 11.1 hereof, shall be made in the year following the
performance year to which the Cash Incentive payments relate at the time
Cash Incentive payments are made to other officers of the Company for the
performance year(s) in question.

	 	(iii)	 	vesting of any outstanding LTAs on the following basis:
For any LTAs granted in 2013 or after, (a) continued vesting of time vested
awards that are scheduled to vest during subsequent periods, and (b)
continued vesting during subsequent periods, subject to the satisfaction of
the applicable performance conditions established under the terms of the
awards, of performance-based awards that are scheduled to vest in subsequent
periods;

	 	(iv)	 	as additional taxable severance pay, monthly payments for
up to one (1) year equal to monthly federal medical COBRA premiums actually
paid by Executive for continuing medical insurance coverage for him and his
family after termination of employment (less the standard employee
contribution amount and required tax withholding); provided, to receive each
monthly payment, Executive must promptly provide adequate documentation of
COBRA payments actually paid (unless ACS waives this requirement). Payments
are to be made promptly by ACS in accordance with this Agreement, and in no
event later than March 15 of the year after the year in which the expense
was incurred, except that in the event Executive is eligible for comparable
medical benefits coverage within the one (1) year period, he must promptly
notify the Company of the start date of the replacement coverage, and
payments under this subsection 11.5.1(iv) shall cease as of the date
replacement coverage is secured;

	 	(v)	 	a relocation payment of up to fifty thousand dollars
($50,000.00) for reimbursement of customary relocation expenses and
reimbursement of up to fifty thousand dollars ($50,000) for realtor
commissions associated with the sale of the Executive’s principal residence,
as documented by receipts submitted by Executive within twelve (12) months
of the termination of Executive’s employment (and expressly excluding
reimbursement on any loss on sale of Executive’s residence); provided, this
relocation benefit shall not apply: (a) if Executive accepts employment with
another company during the Term of this Agreement or within ninety (90) days
following the termination of his employment with ACS; or (b) Executive’s new
principal place of employment is not more than sixty (60) miles from the
Company’s principal headquarters offices in Anchorage, Alaska or Executive’s
Outside Principal Residence. Payments under this Section 11.5.1(v) are to be
made promptly by ACS, and in no event later than March 15 of the year after
the year in which the expense was incurred.

	 	11.5.2	 	For an event to be deemed Good Reason for Executive’s resignation, it must have
occurred within the last sixty (60) days prior to Executive giving of the written
Notice required under this subsection 11.5.2; otherwise it will no longer be
considered to be Good Reason under this Agreement. Executive must give the Company
at least thirty (30) days written Notice of resignation for Good Reason under this
Agreement. The Notice must describe the Good Reason{s) with adequate specificity,
and the Company, in its discretion, may cure the reason(s) within the thirty (30)
day Notice period, in which case Executive no longer has Good Reason to resign. Upon
receipt of Executive’s Notice of resignation, the Company, in its discretion, may
waive the thirty (30) day Notice period, and terminate Executive’s employment
effective immediately, preserving for subsequent resolution whether Good Reason for
the resignation has been shown, provided, however, that if all or part of the notice
period is waived by the Company, the Company shall pay Executive a lump sum amount
equal to his regular Base Salary for the remainder of the thirty (30) days Notice
period.

	 	11.6	 	Termination without Cause. In the event of the involuntary termination of
Executive by the Company without Cause (as “Cause” is defined in Section 11.11.1 of this
Agreement), Executive shall be entitled to the same Severance Benefits as set forth in
Section 11.5 of this Agreement, above, in respect to his resignation with Good Reason.

	 	11.7	 	Change in Control Termination. Executive is entitled to Change in Control
Severance Benefits only if ACS or a successor entity terminates Executive’s employment on
an involuntary basis without Cause (other than a termination for Death or Disability or a
non-renewal of the Agreement by ACS under Section 5 of this Agreement), or Executive
terminates his employment for Good Reason, either of which occurs within four (4) months
before or two (2) years after a Change in Control event, as that term is defined in this
Agreement. In such event, the Company and any successors shall pay Change in Control
Severance Benefits shall be paid to Executive in the following amounts (and in lieu of the
amounts described in Section 11.5 and 11.6):

	 	11.7.1	 	two times (2x) the amount described in Section 11.5(i); provided, (a) one-half
of such payment shall be made promptly by ACS in accordance with this Agreement, and
in no event later than the earlier of (i) ninety (90) days after the effective date
of such termination or (ii) March 15 of the year following the year of termination of
Executive’s employment, and (b) one-half of such payment shall be made promptly by
ACS in accordance with this Agreement, and in no event later than the later of (x)
the date described in subclause A of this Section 11.7.1 or (y) thirty (30) days
after the effective date of the Change in Control;

	 	11.7.2	 	a Cash Incentive payment based on achievement of annual performance Objectives
set by the Committee, as determined by the Committee, consisting of: (a) a CI payment
for the prior full performance year of Executive’s employment, if CI for such
performance year is unpaid as of the date of termination of his employment in the
subsequent year; and (b) a CI payment for the final partial year of Executive’s
employment, which payment shall be pro-rated based on the number of days in the final
partial year that Executive was employed by ACS compared to the total number of days
in the year. The Company and any successor shall determine such CI payments in
accordance with the objective criteria the board has established to measure Company
achievement for the relevant performance year and this measure of Company achievement
shall be no less than the level of Company achievement as determined for other
Company executive management. Also, unless otherwise required by Section 11.1 hereof,
shall be made in the year following the performance year to which the Cash Incentive
payments relate at the time Cash Incentive payments are made to other officers of the
Company for the performance year(s) in question

	 	11.7.3	 	accelerated full vesting of LTAs made to Executive in 2011 or after which are
unvested as of the date of termination of Executive’s employment, in accordance with
the terms of the equity award agreements that have been executed by Executive in
regard to each grant;

	 	11.7.4	 	as additional taxable severance pay, monthly payments for up to eighteen (18)
months equal to federal medical COBRA premiums actually paid by Executive for
continuing medical insurance coverage for him and his family (less the standard
employee contribution amount and required tax withholding); provided, to receive each
monthly payment, Executive must promptly provide adequate documentation of COBRA
payments actually made (unless ACS waives this requirement). If Executive is not yet
eligible for comparable medical benefits at the end of the eighteen (18) month
period, monthly payments shall continue for an additional six (6) months at the
average monthly rate paid during the preceding eighteen (18) months (for a total of
twenty-four (24) months’ payments). Payments under this Section 11.7.4 are to be made
promptly by ACS, and in no event later than March 15 of the year after the year in
which the expense was incurred, except that in the event Executive is eligible for
comparable medical benefits coverage within the twenty-four (24) month period, he
must promptly notify the Company of the beginning date of the replacement coverage,
and payments under this subsection 11.7.4 shall cease as of the date replacement
coverage was secured;

	 	11.7.5	 	a relocation payment of up to fifty thousand dollars ($50,000.00) for
reimbursement of customary relocation expenses and reimbursement of up to fifty
thousand dollars ($50,000) for realtor commissions associated with the sale of the
Executive’s principal residence, as documented by receipts submitted by Executive to
ACS within twelve (12) months of the termination of Executive’s employment (and
expressly excluding reimbursement on any loss on the sale of Executive’s residence);
provided, that this relocation benefit shall not apply: (i) if Executive accepts
employment with another company during the term of this Agreement or within ninety
(90) days following termination of his employment with ACS; or (ii) Executive’s new
principal place of employment is not more than sixty (60) miles from Company’s
principal headquarters offices in Anchorage, Alaska or Executive’s Principal Outside
Residence. Payments under this Section 11.7.5 are to be made promptly by ACS, and in
no event later than March 15 of the year after the year in which the expense was
incurred.

	 	11.8	 	Limitation on Payments. If it is determined that any payment or benefit
provided to or for the benefit of Executive (a “Payment”), whether paid or payable or
distributed or distributable pursuant to the terms of this Agreement or otherwise, would be
subject to the excise tax imposed by Code section 4999, or any interest or penalties with
respect to such excise tax (such excise tax together with any such interest and penalties,
shall be referred to as the “Excise Tax”), then the following provisions (Section 11.8.1
through 11.8.6, below) shall apply.

	 	11.8.1	 	The Company shall calculate the following:

	 	(i)	 	Executive’s Net After-Tax Benefit (as defined in 11.8.2
below) assuming that Payments to the Executive are reduced to the extent
necessary so that no portion thereof shall be subject to the Excise Tax (the
“4999 Limit”).

	 	(ii)	 	Executive’s Net After-Tax Benefit without application of
the 4999 Limit.

	 	11.8.2	 	“Net After-Tax Benefit” shall mean the sum of (i) all payments that Executive
receives or is entitled to receive that are contingent on a change in the ownership
or effective control of the Company or in the ownership of a substantial portion of
the assets of the Company within the meaning of Code section 280G(b)(2), less
(ii) the amount of federal, state, local, employment, and Excise Tax (if any) imposed
with respect to such Payments.

	 	11.8.3	 	In the event the amount in 11.8.1(i) is greater than the amount in 11.8.1(ii),
Executive shall receive Payments only up to the 4999 Limit. Reductions in Payments
shall be made in the following order:

	 	(i)	 	lump sum Payments under 11.5.1(i) or 11.7.1;

	 	(ii)	 	COBRA Payments under 11.5.1(iv) or 11.7.4, with the
reduction made in the order such Payments are paid, starting with the first
paid;

	 	(iii)	 	cash incentive payments under 11.5.1(ii) or 11.7.2, with
the reduction made in the order that such payments are due, starting with
the first to be paid; and

	 	(iv)	 	relocation payments under 11.5.1(v) or 11.7.5.

	 	11.8.4	 	In the event the amount in 11.8.1(ii) is greater than the amount in 11.8.1(i),
then Executive shall be entitled to receive all such Payments, and shall be solely
liable for any and all Excise Tax with respect to such Payments.

	 	11.8.5	 	The determinations required to be made under this Section 11.8 shall be made by
the public accounting firm that is retained by the Company as of the date immediately
prior to the Change in Control (the “Accounting Firm”) which shall provide detailed
supporting calculations both to the Company and Executive within fifteen (15)
business days of the receipt of notice from the Company or Executive that Payments
are due under this Agreement, or such earlier time as is requested by the Company.
Notwithstanding the foregoing, in the event (i) the Board shall determine prior to
the Change in Control that the Accounting Firm is precluded from performing such
services under applicable auditor independence rules or (ii) the Audit Committee of
the Board determines that it does not want the Accounting Firm to perform such
services because of auditor independence concerns or (iii) the Accounting Firm is
serving as accountant or auditor for the person(s) effecting the Change in Control,
the Board shall appoint another nationally certified public accounting firm to make
the determinations required hereunder (which accounting firm shall then be referred
to as the Accounting Firm hereunder). All fees, costs and expenses (including, but
not limited to, the costs of retaining experts) of the Accounting Firm shall be borne
by the Company. The determination by the Accounting Firm shall be binding upon the
Company and Executive (except as provided in Section 11.8.6 below). If payments are
reduced to the 4999 Limit or the Accounting Firm determines that no Excise Tax is
payable by Executive without a reduction in Payments, the Company shall fulfill its
withholding and reporting obligations in a manner consistent with a determination
that the Executive is not required to report any Excise Tax on the Executive’s
federal income tax return.  

	 	11.8.6	 	If it is established pursuant to a final determination of a court or an
Internal Revenue Service (the “IRS”) proceeding which has been finally and
conclusively resolved, that Payments have been made to, or provided for the benefit
of, Executive by the Company, which are in excess of the limitations provided in this
Section 11.8 (referred to hereinafter as an “Excess Payment”), Executive shall repay
the Excess Payment to the Company on demand, together with interest on the Excess
Payment at the applicable federal rate (as defined in Section 1274(d) of the Code)
from the date of Executive’s receipt of such Excess Payment until the date of such
repayment. As a result of the uncertainty in the application of Section 4999 of the
Code at the time of the determination, it is possible that Payments which will not
have been made by the Company should have been made (an “Underpayment”), consistent
with the calculations required to be made under this Section. In the event that it
is determined (i) by the Accounting Firm, the Company (which shall include the
position taken by the Company, or together with its consolidated group, on its
federal income tax return) or the IRS or (ii) pursuant to a determination by a court,
that an Underpayment has occurred, the Company shall pay an amount equal to such
Underpayment to Executive within ten (10) days of such determination together with
interest on such amount at the applicable federal rate from the date such amount
would have been paid to Executive until the date of Payment, provided that any such
Underpayment shall constitute a payment (within the meaning of Treasury Regulation
Section 1.409A-2(b)(2)) separate and apart from the Payments; and provided, further,
that any such Underpayment shall be deemed a disputed payment (within the meaning of
Treasury Regulation Section 1.409A-3(g)). Executive shall cooperate, to the extent
the Executive’s expenses are reimbursed by the Company, with any reasonable requests
by the Company in connection with any contests or disputes with the IRS in connection
with the Excise Tax or the determination of the Excess Payment. Notwithstanding the
foregoing, in the event that amounts payable under this Agreement were reduced
pursuant to this Section 11.8 and the value of the Payments is subsequently
re-determined by the Accounting Firm within the context of Treasury Regulation
§1.280G-1 Q/A 33 that reduces the value attributable to such Payments, the Company
shall promptly pay to Executive any amounts Payable under this Agreement that were
not previously paid solely as a result of this Section 11.8, subject to the 4999
Limit.

	 	11.9	 	Retirement. Executive is not entitled to any Severance Benefits upon
termination of his employment due to his “Retirement,” as that term is defined in this
Agreement. Upon his Retirement, Executive shall be entitled to retirement benefits as
provided in any applicable Company retirement benefits plan, as such plan may be amended
from time to time or replaced. Executive shall not be entitled to any Cash Incentive or
other bonus compensation which is unpaid as of the date of his termination of employment
due to Retirement, nor to the vesting (or exercise, in the case of stock options or
appreciation rights) of any LTAs, except as provided in the terms of the award agreements
executed by Executive in regard to each LTA grant, or as otherwise expressly provided in
this Agreement. If after retirement Executive accepts employment with or becomes “related
to or connected with” a Competitor, as set forth in Section 12.1 hereof, any unvested or
unexercised equity awards to which he would otherwise be entitled shall be forfeited as of
the date of Executive’s acceptance of such employment or other relationship or connection
to any such Competitor. Executive shall promptly notify ACS in writing of his acceptance
of employment or other engagement by a Competitor which affects unvested or unexercised
equity awards under this Section 11.9.

	 	11.10	 	Death or Disability Benefits. Executive (or his estate) is not entitled to
any Severance Benefits upon termination of his employment due to his “Death or Disability,”
as those terms are defined in this Agreement, but rather is entitled to the benefits set
forth in this Section. Death or Disability shall not be considered Good Reason to resign
under this Agreement. Executive’s employment shall be terminated by the Company
immediately in the event of Executive’s Death or Disability. However, ACS shall be
obligated to pay Executive (or his estate): (1) his Base Salary prorated to the date of
Death or cessation of active work due to Disability: (2) a Cash Incentive payment for the
last full performance year prior to the year in which the Death or Disability occurs only
if such CI is unpaid as of the date of termination of employment; provided, the amount to
be paid shall be based on the Committee’s determination of achievement of performance
objectives set by the Committee for that performance year; and (3) a partial Cash Incentive
payment based on the Committee’s determination of the achievement of performance objectives
in the last partial year of active employment, and pro-rated based on the amount of active
work time contributed by Executive during the final partial performance year, compared to
the total number of days in the year. Subject to Section 11.1 hereof, any such payment is
to be made at the time Cash Incentive payments are made to other officers of the Company
for the performance year(s) in question. Executive (or his estate) shall also be entitled
to vesting of any outstanding LTAs on the following basis:

	 	11.10.1	 	For any LTAs granted in 2013 or after, (a) immediate vesting of time vested awards
that are scheduled to vest during subsequent periods, and (a) continued vesting
during subsequent periods, subject to the satisfaction of the applicable performance
conditions established under the terms of the awards, of performance-based awards
that are scheduled to vest in subsequent periods.

	 	11.11	 	Definitions. In this Agreement, the terms listed below shall have the
following meanings:

	 	11.11.1	 	“Cause” means:

	 	(i)	 	Executive willfully or intentionally fails to perform his
assigned duties or comply with lawful directions from the Board, or knowingly
makes a material misrepresentation to the Board; or

	 	(ii)	 	Executive commits fraud, misappropriation or embezzlement
against ACS;

	 	(iii)	 	Executive engages in willful misconduct adverse to ACS or
any of its Officers, employees, agents, customers or vendors; provided, that
no act or omission shall be considered willful misconduct if it was undertaken
in good faith and based on an objectively reasonable interpretation of the
Company’s policies or procedures; or

	 	(iv)	 	Executive knowingly does something illegal, unethical, or
dishonest in his work, which includes improprieties arising out of omissions
(for example, a failure to report material information), unless such act or
omission is demonstrably due an inadvertent error which has only nominal
consequences for the Company; or

	 	(v)	 	Executive is found guilty or pleads guilty or “no-contest”
to any felony or a misdemeanor involving theft, dishonesty, fraud or moral
turpitude;

	 	(vi)	 	Executive commits gross misfeasance or gross nonfeasance in
the performance of the responsibilities of his position and such conduct
materially harms the Company; or

	 	(vii)	 	Executive breaches a material term of this Agreement or a
fiduciary duty owed to the Company, the Board of Directors, or the
stockholders.

The Committee shall provide Executive with written Notice of the existence of Cause and,
if susceptible of correction, an opportunity to correct the deficiency within thirty (30)
days; provided, however, that only one such correction opportunity shall be provided to
Executive in any six-month period for the same kind of deficiency; and provided further,
that where ACS has suffered or may suffer immediate and grave harm from Executive’s
continuation in his position, he may be removed from his position for Cause on less than
thirty (30) days Notice and without advance warning.

	 	11.11.2	 	“Change in Control” means:

	 	(i)	 	The Company consummates any corporate transaction or
series of related transactions, of a reorganization, merger or consolidation
(“Business Combination”), unless following the Business Combination the
“Persons” who were the “beneficial owners” (as these terms are defined in
this Section 11.11.2) of outstanding voting securities of the Company
immediately prior to such Business Combination continue to beneficially own
over 50% of the combined voting power of the voting securities of the Company
or such successor entity outstanding immediately after such Business
Combination in substantially the same proportions as their beneficial
ownership of the outstanding voting securities of the Company immediately
prior to such Business Combination;

	 	(ii)	 	The acquisition by any individual, entity, or group (within
the meaning of Sections 13(d)(3) or 14(d)(2) of the Securities Exchange Act
of 1934, as amended (the “Exchange Act”)) (a “Person”) of “beneficial
ownership” (within the meaning of Rule 13d-3 promulgated under the Exchange
Act) of more than 30% of the combined voting power of the Company’s then
outstanding securities entitled to vote generally in the election of
directors, other than any acquisition (a) directly from, or by, the Company,
including but not limited to a repurchase of common stock by the Company,
except for a repurchase in conjunction with a stockholder’s acquisition of
additional shares; (b) by a trustee or other fiduciary holding securities
under an employee benefit plan of the Company or any of its subsidiaries;

	 	(iii)	 	During any period of two (2) years or less, the
individual directors of the Board as of the Effective Date of this Agreement
(the “Incumbent Directors”) cease to constitute at least two-thirds of the
Board; provided, however, that for purposes of this Section 11.11.2, any new
director (other than a new director elected or appointed as a result of a
threatened or actual proxy contest, who shall not be considered an Incumbent
Director) whose election by the Board or nomination for election by the
Company’s stockholders was approved by at least two-thirds of the Incumbent
Directors then still in office or who were directors at the beginning of such
two (2) year period shall be considered an Incumbent Director; or

	 	(iv)	 	Approval by the stockholders of a complete liquidation or
dissolution of the Company; provided, however, that notwithstanding anything
to the contrary in this Agreement, in the event of termination of Executive’s
employment by the Company in connection with a Change in Control described in
this subsection 11.11.2(iv), Executive shall be entitled to receive only
those Severance Benefits provided for in Section 11.6 of this Agreement for
“Termination without Cause;” or

	 	(v)	 	The sale of all or substantially all of the assets of
ACS (including those of the Company’s subsidiaries).

In no event shall the sale of the Company’s stock to the public by the Company pursuant to
a registration statement filed with the Securities and Exchange Commission constitute a
Change in Control for purposes of this Agreement.

	 	11.11.3	 	“Death or Disability” means:

	 	(i)	 	Executive is dead, declared dead, or is missing and his
whereabouts unknown for three (3) consecutive months; or

	 	(ii)	 	Executive becomes physically or mentally incapacitated
and is unable to perform the normal duties of his position for at least six
(6) consecutive months during any one (1) year period, not limited to a
calendar year. If the Parties disagree about whether Executive is disabled,
ACS shall obtain an independent physician’s opinion. Executive’s refusal or
failure to submit to an examination by a physician selected by the Company
and reasonably acceptable to Executive shall be conclusive evidence of
Executive’s Disability.

	 	11.11.4	 	“Good Reason” means the Company:

	 	(i)	 	reduces Executive’s Base Salary or target annual Cash
Incentive payment without Executive’s consent;

	 	(ii)	 	significantly reduces Executive’s other benefits (unless
the reduction applies to substantially all other executive officers or
substantially all full-time employees of the Company);

	 	(iii)	 	removes Executive as President and CEO without Cause or
significantly reduces Executive’s authority, duties or responsibilities in
the Company;

	 	(iv)	 	requires Executive to work primarily out of an office
more than sixty (60) miles from Executive’s principal location of employment
or relocates Executive’s principal location of employment more than sixty
(60) miles, in each case without Executive’s consent, (this provision is not
triggered in the event Executive elects to voluntarily relocate to an Outside
Principal Residence); or

	 	(v)	 	breaches a material obligation ACS owes to Executive
under this Agreement.

	 	11.11.5	 	Eligibility for “Retirement” means Executive is either (i) 65 years old; or (ii)
is 58 and has been employed continuously by ACS for more than fifteen (15) years.

	 	11.	 	12 Officer Severance Policy. For clarity, the Parties acknowledge and agree
that, notwithstanding any provision to the contrary in any ACS Officer Severance Policy,
such Officer Severance Policy does not apply to Executive and has no applicability to or
effect upon this Agreement.

	12.	 	Restrictive Covenants.

	 	12.1.	 	Non-Competition. Executive agrees that he will not, directly or indirectly,
during his employment with ACS, and for a period of two (2) years after termination of his
employment with ACS for any reason or for so long as Executive has outstanding unvested
LTAs, whichever is longer, be an officer or director of, or be employed by, contract or
consult with, or otherwise perform services for, own, manage, operate, join, control or
participate in the ownership, management, operation or control of, or be related to or
connected with (as defined below), in any manner (collectively “engaged by”), any
Competitor of ACS, as that term is defined herein. A “Competitor” shall include any person
or entity which, directly or via partnership, affiliation, or similar business arrangement,
competes with ACS or produces, markets, distributes or otherwise derives benefits from the
production, marketing or distribution of products or services which compete with the
products or services being marketed by ACS at the time of Executive’s termination of
employment, or for new products or services that are marketed after Executive’s separation
from the Company but which Executive was involved in preparing for the market, within the
significant markets served by ACS at the time of termination of Executive’s employment.
Executive shall be deemed to be “related to or connected with” a Competitor if such
Competitor is (a) a partnership in which he is a general or limited partner or employee;
(b) a corporation or association of which he is a member, employee, consultant or agent;
provided, however, that nothing herein shall prevent Executive from the purchase or
ownership of shares which constitute less than five percent of the outstanding equity of a
publicly held corporation, if Executive has no other relationship with such corporation.

	 	12.2.	 	Non-Solicitation. Executive agrees that during his employment by ACS and for
a period of one (1) year after the date upon which his employment with ACS terminates for
any reason or for so long as Executive has outstanding unvested LTAs, whichever is longer,
he shall not, directly or indirectly, (i) solicit, influence or entice, or attempt to
solicit, influence or entice, any officer, employee, agent, contractor, consultant,
partner, joint venture, supplier or customer of ACS to terminate his or her employment with
ACS or to cease its business relationship with ACS; or (ii) solicit, influence, entice or
in any way divert any officer, employee, agent, contractor, customer, potential customer,
distributor, partner, joint venture or supplier of ACS to do business or in any way become
associated with any Competitor of ACS.

	 	12.3.	 	Non-Disparagement. Each party agrees that during Executive’s employment by
ACS and at all times thereafter, unless otherwise required by law, neither will make any
statement, whether oral, written, or electronic, regarding the other or any aspect of ACS’s
business, including but not limited to, its finances, business strategy or plans, customers
or potential customers, directors, officers or employees (including Executive), that is
unfavorable to or which disparages Executive or ACS or which adversely affects Executive’s
or Company’s standing or reputation with the public or in the telecommunications industry.

	 	12.4.	 	Confidentiality and Non-Disclosure. Executive acknowledges that, in the
course of employment with the Company, he has had and will continue to have access to and
learn confidential information. Confidential information includes, but is not limited to
information about the Company’s customers and potential customers, customer data, pricing
and other terms and conditions under which the Company deals with customers or other
companies, pricing and other information related to the purchase or sale of company stock,
assets or products, financing and securitization arrangements, research materials, manuals,
computer programs, systems, formulas, data, techniques, network maps, technical
information, trade secrets, product development information, marketing plans and tactics,
lists of suppliers and suppliers’ terms and pricing, the processes and practices of the
Company and any competitor companies, financial information, information prepared for or
generated by the ACS Board of Directors, wages and salary information, labor agreements,
personnel information, and any other information designated by the Company as confidential
or that Executive knows or should know is confidential information, including the
confidential information of third parties, information subject to non-disclosure or
confidentiality agreements, and all other proprietary information of the Company
(collectively “Confidential Information”). Executive acknowledges and agrees that all
Confidential Information is and shall continue to be the exclusive property of the Company,
whether or not prepared in whole or in part by the Executive and whether or not disclosed
to or entrusted to the Executive in connection with his employment with the Company, and it
shall be returned to the Company upon termination of Executive’s employment for any reason.
Executive agrees that during his employment with ACS and at all times thereafter, he shall
keep secret all Confidential Information and shall not disclose Confidential Information,
directly or indirectly, under any circumstances or by any means, to any third persons
without the prior written consent of the Company. Executive agrees that he will not copy,
transmit, reproduce, summarize, quote or make any commercial or other use whatsoever of
Confidential Information, except as may be necessary to perform work done by Executive for
the Company. Executive agrees to exercise the highest duty of care in safeguarding
Confidential Information against loss, theft or other inadvertent disclosure and agrees
generally to take all steps necessary or requested by the Company to ensure protection of
the confidentiality of the Confidential Information. Executive further agrees, in addition
to the specific covenants contained herein, to comply with all of the Company’s policies
and procedures, as well as all applicable laws, for the protection of Confidential
Information.

	 	12.5.	 	Clawback Requirement. Upon written Notice by the Board of Directors or any
Committee of the Board to Executive describing a repayment obligation and amount owed under
this Section 12.5, Executive shall be required to return to or reimburse the Company for
any amount of Cash Incentive or bonus payment, any equity award made (or the value
thereof), the profits realized from the sale of securities of the Corporation, or any
Severance Benefit or payment, as the case may be, that was provided to Executive on the
basis financial results later found to require an accounting restatement as set forth in
Section 304 of the Sarbanes-Oxley Act of 2002, as amended (15 U.S.C. 7243) or Section 954
of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (15 U.S.C. 78j-4)
or their implementing regulations (as the same may be adopted or amended in the future);
provided, the reimbursement required by this Section 12.5 shall be for the time periods as
set forth in each relevant statute, above, and, provided further, that any clawback policy
adopted by the Company may be modified subsequently by the Company to the extent necessary
to comply with any applicable law, regulation or exchange listing standard, without the
necessity that this Agreement be amended or that Executive consent to the application of
such policy. In addition, Executive shall be required to return to or reimburse the
Company for any Severance Benefits received under this Agreement if the Company
subsequently discovers any actions or omissions by Executive prior to termination of his
employment which would have warranted his termination for Cause under this Agreement, or
any action by Executive subsequent to the termination of his employment which constitutes a
breach of the restrictive covenants in this Section 12. Executive agrees to promptly
(within thirty (30) days of written Notice from the Company) make any such repayment owed
to ACS. This clawback requirement shall apply during Executive’s Term of employment and
shall survive the termination of his employment and this Agreement, regardless of
Executive’s employment status at the time the error is discovered.

	 	12.6.	 	Corporate Governance and Compliance. At all times during his employment with
ACS, Executive agrees to abide and be bound by the provisions of the ACS Articles of
Incorporation, its Bylaws, all resolutions and other decisions of the Board of Directors,
its Chairman, and Committees of the Board, within the lawful scope of their authority,
governing statutes, regulations, Corporate Governance Principles, as approved by the Board,
and the ACS Corporate Compliance Program Manual (including its appendices). Executive
acknowledges and accepts that these documents may be amended from time to time in the
future, and that such documents and any such future amendments, shall be deemed to be
specifically incorporated into this Agreement and shall be applicable to and binding on
Executive at all times under this Agreement.

	13.	 	Equitable Relief. Executive acknowledges and agrees that the provisions of Section
12 of this Agreement are essential to ACS, that ACS would not enter into this Agreement if it
did not include said Section 12, that a violation of Section 12 would constitute a material
breach of this Agreement, and that the damages sustained by ACS as a result of Executive’s
breach of Section 12 of this Agreement cannot be adequately remedied solely by an award of
money damages. Therefore, Executive agrees that, in addition to any other remedy the Company
may have under this Agreement or at law, ACS shall be entitled to injunctive and other
equitable relief to prevent or halt any breach or threatened breach of Section 12 of the
Agreement by Executive.

	14.	 	Effect of Violation. Executive and ACS acknowledge and agree that additional good
and sufficient compensation has been provided to Executive in exchange for his agreement to
the provisions of Sections 12 of this Agreement. Therefore, in addition the Company’s
remedies in equity and at law, Executive’s material violation of Section 12 of this Agreement
shall relieve ACS of any obligation it may have to pay any Cash Incentive compensation,
bonuses or Severance Benefits that may otherwise be owing but unpaid to Executive, and ACS may
cancel any unvested rights to shares of Company stock, but these actions by ACS shall not
relieve Executive of his obligations under this Agreement.

	15.	 	Intellectual Property. Any and all inventions, discoveries, ideas, improvements,
creations, works of authorship, or other intellectual property, whether or not patentable or
copyrightable (“Intellectual Property”), made or conceived by Executive during his employment
with the Company, shall be and at all times remain exclusively the property of ACS. Executive
hereby assigns to the Company all of his rights to any such Intellectual Property and agrees
to promptly disclose any such Intellectual Property in writing to the Company. Executive
further agrees to execute and assign any and all proper applications, assignments and other
documents and to render all assistance reasonably necessary to obtain patent, copyright or
trademark protection for any such Intellectual Property in ACS’ name.

	16.	 	Representations and Warranties. Executive represents and warrants that he is not a
party to nor bound by any other agreement or arrangement that would in any manner conflict
with or impede his execution or performance of this Agreement, or his performance of any
duties imposed upon Executive by ACS’ Articles of Incorporation, its Bylaws, Corporate
Governance Principles, Corporate Compliance Program, or any corporate or other statutory or
common law.

	17.	 	Insurance and Indemnity. The Company shall, to the extent permitted by law, include
Executive during the Term of this Agreement under any directors and officers’ liability
insurance policies maintained for its directors and officers, with coverage at least as
favorable to the Executive in amount and other material respects as the coverage provided
other directors and officers covered thereby, as such insurance policies may be amended from
time to time. The Company’s obligation to provide insurance and indemnify the Executive under
the terms of such policies shall survive expiration or termination of this Agreement with
respect to proceedings or threatened proceedings based on acts or omissions of the Executive
occurring during the Executive’s employment with ACS.

	18.	 	Notice. Whenever Notice, demands and other communications to a Party are provided
for in this Agreement, such Notice shall be given in writing, addressed to Executive or the
Board of Directors of ACS, as the case may be, with a copy of each such Notice provided to the
General Counsel of ACS. Notice under this Agreement shall be considered effective when
actually delivered by hand, overnight courier service or first class mail, return receipt
requested to the addresses provided herein, or to such other address as any Party shall have
furnished in writing to the other Party in the same manner as required by this Section 18.

Notice to the Board of Directors of ACS shall be provided to:

	 	 	 	Board of Directors

	 	 	 	Alaska Communications Systems Group, Inc.

	 	600	 	Telephone Avenue, MS 65

	 	 	 	Anchorage, Alaska 9950

	 	 	 	with a copy to the ACS General Counsel at the same address.

Notice to Executive shall be provided to the following address:

Anand Vadapalli

16044 Essex Point Circle

Anchorage AK 99516

Except as to notice for matters relating to termination of Executive’s employment, non-renewal
of this Agreement, and claims for Severance Benefits under this Agreement, the timing of which
Notice is governed by the relevant Sections of this Agreement pertaining to each of them, as to
all other matters, Notice describing a breach of this Agreement by either Party shall be
provided to the other Party in writing, as provided in this Section 18, and shall provide a
minimum of thirty (30) days for the Party alleged to be in breach to correct the breach before
taking further action in response to the breach. This thirty (30) day notice period may be
waived by the Board of Directors in the event of a material breach by Executive that causes or
threatens to cause significant adverse effects on the Company or its shareholders.

	19.	 	Assignment. This Agreement is personal to Executive and shall not be assignable by
Executive. No right or interest in any payments to Executive (including rights to stock
awards) shall be assignable by Executive. ACS may assign its rights and obligations under
this Agreement to (i) any entity resulting from any merger, consolidation or other
reorganization or Business Consolidation to which ACS is a party; or (ii) any corporation,
partnership, association or other person or entity to which ACS may transfer all or
substantially all of the assets and business of the Company existing as the time of the
assignment. In the event of a permitted assignment, all of the terms and conditions of this
Agreement shall continue to be binding upon and shall inure to the benefit of and be
enforceable by the Parties to this Agreement and their respective successors and permitted
assigns. Assignments not permitted by this Agreement shall be deemed void.

	20.	 	No third party beneficiaries. Nothing expressed or implied in this Agreement is
intended, or shall be construed, to confer upon or give any person (other than the Parties
hereto and, in the case of Executive, his estate, heirs or personal representatives), any
rights or remedies under or by reason of this Agreement.

	21.	 	Waiver. No failure or delay by either party to this Agreement in exercising,
protecting or enforcing any of it rights, interests or remedies hereunder, and no course of
dealing or performance with respect thereto, shall constitute a waiver of any provision of
this Agreement or the Agreement as a whole, either in one instance or any other instance or
circumstance. All rights and remedies of the parties under this Agreement shall be cumulative
and not exclusive any other rights or remedies.

	22.	 	Amendments. No amendment, modification, waiver, departure from or discharge of any
provision of this Agreement shall be effective unless it is made in writing, specifically
identifying the Agreement and the provision(s) to be amended, and signed by both ACS and
Executive. No provision of this Agreement shall be varied, contradicted or explained by any
oral agreement, course of dealing or performance or any other means not set forth in a written
amendment in accordance with this Section 22 and signed by ACS and Executive.

	23.	 	Rules of Construction. This Agreement has been jointly drafted and freely and fully
negotiated by the Parties, each of which has had ample opportunity to consult with its
attorneys, and, consequently, the terms and conditions hereof shall not be subject to any
rules of construction or presumptions in favor of or against either Party. When the context
requires, the plural shall be deemed to include the singular, and the singular shall include
the plural in this Agreement. Except as to words specifically defined in this Agreement,
which definitions shall control, words in this Agreement shall be given their ordinary
meanings. In the event of any inconsistency between this Agreement and any other plan,
program, practice or agreement otherwise applicable to Executive or the Company, this
Agreement shall control.

	24.	 	Applicable Law; Venue. This Agreement shall in all respects, including all matters
of construction, validity, performance and enforcement, be governed by, and construed and
enforced in accordance with the laws of the State of Alaska, without regard to any conflicts
of laws rules. The Parties both agree to irrevocably consent to the exclusive jurisdiction
and venue of the state courts located in Anchorage, Alaska, in connection with any dispute
arising from or relating to this Agreement. ACS and Executive further agree to irrevocably
waive any rights they might otherwise have to a jury trial in any such proceeding.

	25.	 	Attorneys Fees. Each Party shall bear its own attorney’s fees and costs incurred in
any action or dispute arising out of this agreement.

	26.	 	Severability. If any provision of this Agreement shall be held to be invalid,
illegal or unenforceable in any jurisdiction, for any reason, including, without limitation,
the duration of such provision, its geographical scope or the extent of the activities
prohibited or required by it, to the full extent permitted by law: (a) all other provisions of
this Agreement shall remain in full force and effect and shall be liberally construed in order
to carry out the intent of the Parties hereto as nearly as may be possible; (b) such
invalidity, illegality or unenforceability shall not affect the validity, legality or
enforceability of any other provision of this Agreement; and (c) any court having jurisdiction
shall have the power to reform such provision to the extent necessary for such provision to be
enforceable under applicable law.

	27.	 	Survival. Termination of Executive’s employment with the Company or termination or
expiration of this Agreement shall not affect the continued effectiveness of provisions of
this Agreement that, by their content, context, implication or effect, should survive in order
to effectuate the intent of the Agreement.

	28.	 	Headings. All headings used in this Agreement are for convenience only and shall not
in any way affect the construction of, or be taken into consideration in interpreting, this
Agreement.

	29.	 	Counterparts. This Agreement, and any Amendment entered into pursuant to Section 22
of this Agreement, may be executed in counterparts, each of which counterparts, when so
executed and delivered, shall be deemed to be an original and all of which counterparts, taken
together, shall constitute one and the same instrument.

	30.	 	Entire Agreement. This Agreement constitutes the entire agreement between ACS and
Executive with respect to the subject matter hereof, and all prior or contemporaneous oral or
written communications, representations, promises, understandings or agreements between ACS
and Executive with respect to the employment relationship are hereby superseded and nullified
in their entireties, and this Agreement shall control. No agreements or representations, oral
or otherwise, with respect to the subject matter of this Agreement have been made by either
Party which are not set forth in this Agreement.

1 “Primary work location” means the location
where Executive spends more than 50% of his working time.

1

IN WITNESS WHEREOF, ACS and Executive have executed and entered into this Agreement on the
date set forth below.

EXECUTIVE:

By: /s/ Anand Vadapalli

(Signature)

Name: Anand Vadapalli

Date:  August 5, 2015

ALASKA COMMUNICATIONS SYSTEMS GROUP, INC.

By: /s/ Leonard Steinberg

(Signature)

Name: Leonard Steinberg

Its: Corporate Secretary

Date: August 5, 2015

2Sprint Corp Jun-2015 Exhibit 10.3

                                            
Exhibit 10.3

EMPLOYMENT AGREEMENT
THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of  May 31, 2015 (the “Effective Date”), by and between Sprint Corporation, a Delaware corporation (the “Company”) on behalf of itself and any of its subsidiaries, affiliates and related entities, and Kevin Crull (the “Executive”) (the Company and the Executive, collectively, the “Parties,” and each, a “Party”).  Certain capitalized terms are defined in Section 29.
WITNESSETH:
WHEREAS, the Company desires to employ the Executive as Chief Marketing Officer and the Executive desires to accept such employment; and
WHEREAS, the Executive and the Company desire to enter into this Agreement.
NOW, THEREFORE, in consideration of the premises and of the covenants and agreements set forth herein and for other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the Company and the Executive agree as follows:
1.Employment. 

(a)The Company will employ the Executive and the Executive will be employed by the Company upon the terms and conditions set forth herein.  

(b)The employment relationship between the Company and the Executive shall be governed by the general employment policies and practices of the Company, including without limitation, those relating to the Company’s Code of Conduct, confidential information and avoidance of conflicts, except that when the terms of this Agreement differ from or are in conflict with the Company’s general employment policies or practices, this Agreement shall control.

2.Term.  Subject to termination under Section 9, the Executive’s employment shall be for an initial term of 24 months commencing on the Effective Date and shall continue through the second anniversary of the Effective Date (the “Initial Employment Term”).  At the end of the Initial Employment Term and on each succeeding anniversary of the Effective Date, the Employment Term will be automatically extended by an additional 12 months (each, a “Renewal Term”), unless, not less than 12 months prior to the end of the Initial Employment Term or any Renewal Term, the Company has given written notice to the Executive (in accordance with Section 20) of nonrenewal.  The Executive shall provide the Company with written notice of his intent to terminate employment with the Company at least 30 days prior to the effective date of such termination.  

3.Position and Duties of the Executive.

(a)The Executive shall serve as Chief Marketing Officer of the Company, and agrees to serve as an officer of any enterprise and/or agrees to be an employee of any Subsidiary as may be requested from time to time by the Board of Directors of the Company (the “Board”), any committee or person delegated by the 
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Board or the Chief Executive Officer of the Company (the “Chief Executive Officer”).  In such capacity, the Executive shall report directly to the Chief Executive Officer of the Company or such other officer of the Company as may be designated by the Chief Executive Officer.  The Executive shall have such duties, responsibility and authority as may be assigned to the Executive from time to time by the Chief Executive Officer, the Board or such other officer of the Company as may be designated by the Chief Executive Officer or the Board.  

(b)During the Employment Term, the Executive shall, except as may from time to time be otherwise agreed to in writing by the Company, during reasonable vacations (as set forth in Section 7 hereof) and authorized leave and except as may from time to time otherwise be permitted pursuant to Section 3(c), devote his best efforts, full attention and energies during his normal working time to the business of the Company, to any duties as may be delineated in the Company’s Bylaws for the Executive’s position and title and such other related duties and responsibilities as may from time to time be reasonably prescribed by the Board, any committee or person designated by the Board, or the Chief Executive Officer, in each case, within the framework of the Company’s policies and objectives.

(c)During the Employment Term, and provided that such activities do not contravene the provisions of Section 3(a) or (b) or Sections 10, 11, 12 or 13 hereof and, provided further, the Executive does not engage in any other substantial business activity for gain, profit or other pecuniary advantage which materially interferes with the performance of his duties hereunder, the Executive may participate in any governmental, educational, charitable or other community affairs and, subject to the prior approval of the Chief Executive Officer serve as a member of the governing board of any such organization or any private or public for-profit company.  The Executive may retain all fees and other compensation from any such service, and the Company shall not reduce his compensation by the amount of such fees.

4.Compensation.

(a)Base Salary.  During the Employment Term, the Company shall pay to the Executive an annual base salary of $800,000 (the “Base Salary”), which Base Salary shall be payable at the times and in the manner consistent with the Company’s general policies regarding compensation of the Company’s senior executives.  The Base Salary will be reviewed periodically by the Compensation Committee and may be increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time in the Compensation Committee’s sole discretion.  

(b)Incentive Compensation.  The Executive will be eligible to participate in any short-term and long-term incentive compensation plans, annual bonus plans and such other management incentive programs or arrangements of the Company approved by the Board that are generally available to the Company’s senior executives, including, but not limited to, the STIP and the LTSIP.  Incentive compensation shall be 

Page 2

                                        

paid in accordance with the terms and conditions of the applicable plans, programs and arrangements.    

(i)Annual Performance Bonus.  During the Employment Term, the Executive shall be entitled to annually participate in the STIP, with such opportunities as may be determined by the Compensation Committee in its sole discretion (“Target Bonuses”); provided, however, that for the Company’s fiscal year ending March 31, 2016 (“FY 2015”), the Executive will participate, without proration, for the period of FY 2015 at an annual Target Bonus opportunity equal to 100 percent of his Base Salary.  The Executive’s Target Bonus may be increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time as may be determined by the Compensation Committee, and the Executive shall be entitled to receive full payment of any award under the STIP, determined pursuant to the STIP (a “Bonus Award”).

(ii)Long-Term Performance Bonus.  During the Employment Term, the Executive shall be entitled to participate in the LTSIP with such opportunities, if any, as may be determined by the Compensation Committee (“LTSIP Target Award Opportunities”); provided, however, that the Executive’s LTSIP Target Award Opportunity for FY 2015 shall be $2 million.  The Executive’s LTSIP Target Award Opportunity may be increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time as may be determined by the Compensation Committee.

(iii)Incentive bonuses, if earned, shall be paid when incentive compensation is customarily paid to the Company’s senior executives in accordance with the terms of the applicable plans, programs or arrangements.  

(iv)Pursuant to the Company’s applicable incentive or bonus plans as in effect from time to time, the Executive’s incentive compensation during the term of this Agreement may be determined according to criteria intended to qualify as performance-based compensation under Section 162(m) of the Code.

(c)Equity Compensation.  The Executive shall be eligible to participate in such equity incentive compensation plans and programs as the Company generally provides to its senior executives, including, but not limited to, the LTSIP.  During the Employment Term, the Compensation Committee may, in its sole discretion, grant equity awards to the Executive, which would be subject to the terms of the respective award agreements evidencing such grants and the applicable plan or program. 

(d)Sign-on Compensation

(i)    The Executive shall receive a sign-on bonus of $500,000 (the “Sign-on Bonus”), less applicable tax withholdings and other authorized deductions, payable 50 percent as soon as administratively practicable after 
Page 3

                                        
September 1, 2015 and 50 percent as soon as administratively practicable after March 31, 2016 .  Executive agrees to repay the Sign-on Bonus in full if he is no longer employed by the Company (unless Executive’s employment is terminated by the Company without Cause or the Executive terminates for Good Reason, or  is due to Executive’s death or Disability) through the second anniversary of the Effective Date.
(ii)    On or before September 1, 2015, the Executive shall receive 2,500,000 restricted stock units subject to the terms and conditions specified in the form of Evidence of Award attached as Exhibit A.
5.Benefits. 

(a)During the Employment Term, the Company shall make available to the Executive, subject to the terms and conditions of the applicable plans, participation for the Executive and his eligible dependents in:  (i) Company-sponsored group health, major medical, dental, vision, pension and profit sharing, 401(k) and employee welfare benefit plans, programs and arrangements (the “Employee Plans”) and such other usual and customary benefits in which senior executives of the Company participate from time to time, and (ii) such fringe benefits and perquisites as may be made available to senior executives of the Company as a group.

(b)The Executive acknowledges that the Company may change its benefit programs from time to time, which may result in certain benefit programs being amended or terminated for its senior executives generally.  

6.Expenses.  The Company shall pay or reimburse the Executive for reasonable and necessary business expenses incurred by the Executive in connection with his duties on behalf of the Company in accordance with the Company’s Enterprise Financial Services-Employee Travel and Expense Policy, as may be amended from time to time, or any successor policy, plan, program or arrangement thereto and any other of its expense policies applicable to senior executives of the Company, following submission by the Executive of reimbursement expense forms in a form consistent with such expense policies.  

7.Vacation.  In addition to such holidays, sick leave, personal leave and other paid leave as is allowed under the Company’s policies applicable to senior executives generally, the Executive shall be entitled to participate in the Company’s vacation policy at a minimum of four weeks per calendar year, in accordance with the Company’s policy generally applicable to senior executives.  The duration of such vacations and the time or times when they shall be taken will be determined by the Executive in consultation with the Company.  

8.Place of Performance.  In connection with his employment by the Company, the Executive shall be based at the principal executive offices of the Company in the vicinity of Overland Park, Kansas (the “Place of Performance”), except for travel reasonably required for Company business. The Executive will relocate his residence to the area surrounding the Executive’s initial Place of Performance on or before September 30, 2015. If the Company relocates the Executive’s Place of Performance more than 50 miles from his Place of 

Page 4

                                            

Performance prior to such relocation, the Executive shall relocate to a residence within the greater of (a) 50 miles of such relocated Place of Performance or (b) such total miles that do not exceed the total number of miles the Executive commuted to his Place of Performance prior to relocation of the Executive’s Place of Performance. To the extent the Executive relocates his residence as provided in this Section 8, the Company will pay or reimburse the Executive’s relocation expenses in accordance with the Company’s relocation program applicable to senior executives, except as provided in the following two sentences.  Regardless of the established home value limit in Section 4.02 of the relocation program (the application of which with respect to his current residence results in the Executive’s ineligibility for Section 4, Home Selling Benefits), the Executive shall be entitled to the benefits under Section 4.03, Reimbursable Home Selling Expenses, and Section 4.17 Direct Reimbursement, except that: (a) the total reimbursable expenses under Sections 4.03 and 4.17 are limited to $450,000, and (b) when paid directly to the Executive, the reimbursement under Section 4.17 that is considered taxable income will be eligible for tax assistance (gross-up).  In addition, notwithstanding the limitations under the Company’s relocation program applicable to senior executives, the Executive will be entitled to reimbursement for weekly trips from his current residence to his Place of Performance after the Effective Date and until he relocates his residence to the area surrounding the Executive’s initial Place of Performance on or before September 30, 2015.
 
9.Termination.

(a)Termination by the Company for Cause or Resignation by the Executive Without Good Reason.  If, during the Employment Term, the Executive’s employment is terminated by the Company for Cause, or if the Executive resigns without Good Reason, the Executive shall not be eligible to receive Base Salary or to participate in any Employee Plans with respect to future periods after the date of such termination or resignation except for the right to receive accrued but unpaid cash compensation and vested benefits under any Employee Plan in accordance with the terms of such Employee Plan and applicable law.   

(b)Termination by the Company Without Cause or Resignation by the Executive for Good Reason outside of the CIC Severance Protection Period.  If, during the Employment Term, the Executive’s employment is terminated by the Company without Cause or the Executive terminates for Good Reason prior to, or following expiration of, the CIC Severance Protection Period and such termination constitutes a Separation from Service or the Executive is entitled to severance compensation and benefits under this Section 9(b) pursuant to the provisions of Section 9(c), the Executive shall be entitled to receive from the Company: (1) the Executive’s accrued, but unpaid, Base Salary through the date of termination of employment, payable in accordance with the Company’s normal payroll practices and any vested benefits under any Employee Plan in accordance with the terms of such Employee Plan and applicable law, and (2) conditioned upon the Executive executing a Release within the Release Consideration Period and delivering it to the Company with the Release Revocation Period expired without revocation, and in full satisfaction of the Executive’s rights and any benefits the Executive might be entitled to under the Separation Plan and this Agreement and any 

Page 5

                                        

requirements of the Worker Adjustment and Retraining Notification Act or similar law, unless otherwise specified herein:

(i)periodic payments equal to his Base Salary in effect prior to the termination of his employment, which payments shall be paid to the Executive in equal installments on the regular payroll dates under the Company’s payroll practices applicable to the Executive on the date of this Agreement for the Payment Period, except that if the Executive is a Specified Employee, with respect to any amount payable by reason of the Separation from Service that constitutes deferred compensation within the meaning of Code Section 409A, such installments shall not commence until after the end of the six continuous month period following the date of the Executive’s Separation from Service, in which case, the Executive shall be paid a lump-sum cash payment equal to the aggregate amount of missed installments during such period on the first day of the seventh month following the date of the Executive’s Separation from Service;

(ii)    (A) receive a pro rata payment of the Bonus Award for the portion of the Company’s current fiscal year prior to the date of termination of his employment; (B) receive a pro rata payment of the Capped Bonus Award for the portion of the Company’s current fiscal year following the date of termination of his employment; (C) receive for the next fiscal year following the fiscal year during which his termination of employment occurs, the Capped Bonus Award; and (D) receive payment of a pro rata portion of the Capped Bonus Award for the remainder of the Payment Period during the second fiscal year following the fiscal year during which the Executive’s termination of employment occurs; provided, however, that to the extent the Executive’s employment is terminated for Good Reason due to a reduction of the Executive’s Target Bonus, in accordance with Section 29(x)(ii), the Executive’s Target Bonus for the purposes of this Section 9(b)(ii) shall be the Executive’s Target Bonus immediately prior to such reduction; and provided, further, that any pro rata payment shall be determined based on the methodology for determining pro rated awards under the STIP and each such payment shall be payable in accordance with the provisions of the STIP in the calendar year in which the Bonus Award or each Capped Bonus Award, as applicable, is determined, and in all events, not later than December 31st of the year in which each such award is determined;  
(iii)    continue from the date of Separation from Service for the number of months equal to the period of continuation coverage the Executive would be entitled to pursuant to Section 4980B of the Code participation in the Company’s group health plans at then-existing participation and coverage levels comparable to the terms in effect from time to time for the Company’s senior executives, including any co-payment and premium payment requirements, for which the Company shall deduct from each payment payable to the Executive pursuant to Section 9(b)(i) the amount of any employee contributions necessary to maintain such coverage for such period, except that (A) following such period, the Executive shall retain any rights to continue coverage under the Company’s group health plans under the benefits continuation provisions pursuant to Section 4980B 

Page 6

                                    

of the Code by paying the applicable premiums of such plans; and (B) the Executive shall no longer be eligible to receive the benefits otherwise receivable pursuant to this Section 9(b)(iii) as of the date that the Executive becomes eligible to receive comparable benefits from a new employer;

(iv)    continue for the Payment Period participation in the Company’s employee life insurance plans at then-existing participation and coverage levels, comparable to the terms in effect from time to time for the Company’s senior executives, including any premium payment requirements, for which the Company shall deduct from each payment payable to the Executive pursuant to Section 9(b)(i) the amount of any employee contributions necessary to maintain such coverage for such period, except that the Executive shall no longer be eligible to receive the benefits otherwise receivable pursuant to this Section 9(b)(iv) as of the date that the Executive becomes eligible to receive comparable benefits from a new employer; and

(v)    receive outplacement services by a firm selected by the Company at its expense in an amount not to exceed $35,000; provided, however, that all such outplacement services must be completed, and all payments by the Company must be made, by December 31st of the second calendar year following the calendar year in which the Executive’s Separation from Service occurs.

Notwithstanding anything in this Section 9(b) to the contrary, to the extent the Executive has not executed the Release within the Release Consideration Period and delivered it to the Company, or has revoked the executed Release within the Release Revocation Period, as determined at the end of such Release Revocation Period, the Executive will forfeit any right to receive the payments and benefits specified in this Section 9(b) (other than any accrued but unpaid payments and benefits through the date of termination of employment). 
(c)Termination by the Company Without Cause or Resignation by the Executive for Good Reason During the CIC Severance Protection Period.  Subject to (i)-(iv) below, if the Executive’s employment is terminated by the Company without Cause, or the Executive terminates employment for Good Reason, before the Employment Term expires and during the CIC Severance Protection Period, and the termination constitutes a Separation from Service, subject to the terms of the CIC Severance Plan, the Executive will become entitled to severance compensation and benefits under the CIC Severance Plan as of (x) the date the Separation from Service occurs, or (y) in the event of a Pre-CIC Termination, the date the Change in Control occurs, as of which date all rights to severance benefits under this Agreement will cease.

(i)The CIC Severance Plan will not apply and the Executive will be entitled to severance compensation and benefits under Section 9(b) of this Agreement if the Executive (x) as of his Separation from Service is not a Participant in, or (y) is otherwise not entitled to severance compensation and benefits under, the CIC Severance Plan.

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(ii)    If the Executive is entitled to severance benefits under the CIC Severance Plan as a result of a Pre-CIC Termination, any benefits payable before the Change in Control will be paid under this Agreement and any additional benefits payable after the Change in Control will be paid under the CIC Severance Plan.

(iii)    In no event may there be duplication of benefits under this Agreement and the CIC Severance Plan.

(iv)        The terms “Change in Control” and “Pre-CIC Termination” are defined in the CIC Severance Plan.

(d)Termination by Death.  If the Executive dies during the Employment Term, the Executive’s employment will terminate and the Executive’s beneficiary or if none, the Executive’s estate, shall be entitled to receive from the Company, the Executive’s accrued, but unpaid, Base Salary through the date of termination of employment and any vested benefits under any Employee Plan in accordance with the terms of such Employee Plan and applicable law. 

(e)Termination by Disability.  If the Executive becomes Disabled prior to the expiration of the Employment Term, the Executive’s employment will terminate, and provided that such termination constitutes a Separation from Service, the Executive shall be entitled to:

(i)receive from the Company periodic payments equal to his Base Salary in effect prior to the termination of his employment (reduced by any amounts paid on a monthly basis under any long-term disability plan (the “LTD Plan”) now or hereafter sponsored by the Company), which payments shall be paid to the Executive commencing on the Separation from Service date for 12 months in equal installments on the regular payroll dates under the Company’s payroll practices applicable to the Executive on the date of this Agreement; provided, however, that in the event that the Executive is a Specified Employee, with respect to any amount payable by reason of the Executive’s Separation from Service that constitutes deferred compensation within the meaning of Code Section 409A, such installments shall not commence until the earlier to occur of (A) the first business day of the seventh month following the date of the Executive’s Separation from Service and (B) death, in which case the Executive (or the Executive’s estate in the event of Executive’s death) shall be paid on the earlier of (1) the first day of the seventh month following the date of the Executive’s Separation from Service and (2) the Executive’s death a lump-sum cash payment equal to the aggregate amount of any such payments that constitutes deferred compensation within the meaning of Code Section 409A that the Executive would have been entitled to receive during such period following the Executive’s Separation from Service; and

(ii)continue participation in the Company’s group health plans at then-existing participation and coverage levels for 12 months (measured from the Executive’s Separation from Service), comparable to the terms in effect from time 

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to time for the Company’s senior executives, including any co-payment and premium payment requirements, and the Company shall deduct from each payment payable to the Executive pursuant to Section 9(e)(i), the amount of any employee contributions necessary to maintain such coverage for such period; except that following such period, the Executive shall retain any rights to continue coverage under the Company’s group health plans under the benefits continuation provisions pursuant to Code Section 4980B by paying the applicable premiums of such plans.

(f)No Mitigation Obligation.  No amounts paid under Section 9 will be reduced by any earnings that the Executive may receive from any other source.  The Executive’s coverage under the Company’s medical, dental, vision and employee life insurance plans will terminate as of the date that the Executive is eligible for comparable benefits from a new employer.  The Executive shall notify the Company within 30 days after becoming eligible for coverage of any such benefits.

(g)Forfeiture.  Notwithstanding the foregoing, any right of the Executive to receive termination payments and benefits hereunder shall be forfeited to the extent of any amounts payable after any breach of Section 10, 11, 12, 13 or 15 by the Executive.

10.Confidential Information; Statements to Third Parties.

(a)During the Employment Term and on a permanent basis upon and following termination of the Executive’s employment, the Executive acknowledges that:

(i)all information, whether or not reduced to writing (or in a form from which information can be obtained, translated, or derived into reasonably usable form) or maintained in the mind or memory of the Executive and whether compiled or created by the Company, any of its Subsidiaries or any affiliates of the Company or its Subsidiaries (collectively, the “Company Group”), which derives independent economic value from not being readily known to or ascertainable by proper means by others who can obtain economic value from the disclosure or use of such information, of a proprietary, private, secret or confidential (including, without exception, inventions, products, processes, methods, techniques, formulas, compositions, compounds, projects, developments, sales strategies, plans, research data, clinical data, financial data, personnel data, computer programs, customer and supplier lists, trademarks, service marks, copyrights (whether registered or unregistered), artwork, and contacts at or knowledge of customers or prospective customers) nature concerning the Company Group’s business, business relationships or financial affairs (collectively, “Proprietary Information”) shall be the exclusive property of the Company Group;   

(ii)the Proprietary Information of the Company Group gained by the Executive during the Executive’s association with the Company Group was or will be developed by and/or for the Company Group through substantial 

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expenditure of time, effort and money and constitutes valuable and unique property of the Company Group; 

(iii)reasonable efforts have been put forth by the Company Group to maintain the secrecy of its Proprietary Information;

(iv)such Proprietary Information is and will remain the sole property of the Company Group; and 

(v)any retention or use by the Executive of Proprietary Information after the termination of the Executive’s services for the Company Group will constitute a misappropriation of the Company Group’s Proprietary Information.

(b)The Executive further acknowledges and agrees that he will take all affirmative steps reasonably necessary or required by the Company to protect the Proprietary Information from inappropriate disclosure during and after his employment with the Company.  
 
(c)The Executive further agrees that all files, letters, memoranda, reports, records, data, sketches, drawings, laboratory notebooks, program listings, or other written, photographic, electronic, or other tangible material containing or constituting Proprietary Information, whether created by the Executive or others, which shall come into his custody or possession, regardless of medium, shall be and are the exclusive property of the Company to be used by him only in the performance of his duties for the Company.  All such materials or copies thereof and all tangible things and other property of the Company Group in the Executive’s custody or possession shall be delivered to the Company (to the extent the Executive has not already returned) in good condition, on or before five business days subsequent to the earlier of: (i) a request by the Company or (ii) the Executive’s termination of employment for any reason or Cause, including for nonrenewal of this Agreement, Disability, termination by the Company or termination by the Executive.  After such delivery, the Executive shall not retain any such materials or portions or copies thereof or any such tangible things and other property and shall execute any statements or affirmations of compliance under oath that the Company may require.

(d)The Executive further agrees that his obligation not to disclose or to use information and materials of the types set forth in Sections 10(a), 10(b) and 10(c) above, and his obligation to return materials and tangible property, set forth in Section 10(c) above, also extends to such types of information, materials and tangible property of customers of the Company Group, consultants for the Company Group, suppliers to the Company Group, or other third parties who may have disclosed or entrusted the same to the Company Group or to the Executive.

(e)The Executive further acknowledges and agrees that he will continue to keep in strict confidence, and will not, directly or indirectly, at any time, disclose, furnish, disseminate, make available, use or suffer to be used in any manner any Proprietary Information of the Company Group without limitation as to when or how the 

Page 10

                                        

Executive may have acquired such Proprietary Information and that he will not disclose any Proprietary Information to any person or entity other than appropriate employees of the Company or use the same for any purposes (other than in the performance of his duties as an employee of the Company) without written approval of the Board, either during or after his employment with the Company.  

(f)Further the Executive acknowledges that his obligation of confidentiality will survive, regardless of any other breach of this Agreement or any other agreement, by any party hereto, until and unless such Proprietary Information of the Company Group has become, through no fault of the Executive, generally known to the public.  In the event that the Executive is required by law, regulation, or court order to disclose any of the Company Group’s Proprietary Information, the Executive will promptly notify the Company prior to making any such disclosure to facilitate the Company seeking a protective order or other appropriate remedy from the proper authority.  The Executive further agrees to cooperate with the Company in seeking such order or other remedy and that, if the Company is not successful in precluding the requesting legal body from requiring the disclosure of the Proprietary Information, the Executive will furnish only that portion of the Proprietary Information that is legally required, and the Executive will exercise all legal efforts to obtain reliable assurances that confidential treatment will be accorded to the Proprietary Information.  

(g)The Executive’s obligations under this Section 10 are in addition to, and not in limitation of, all other obligations of confidentiality under the Company’s policies, general legal or equitable principles or statutes.

(h)During the Employment Term and following his termination of employment:

(i)the Executive shall not, directly or indirectly, make or cause to be made any statements, including but not limited to, comments in books or printed media, to any third parties criticizing or disparaging the Company Group or commenting on the character or business reputation of the Company Group.  Without the prior written consent of the Board, unless otherwise required by law, the Executive shall not (A) publicly comment in a manner adverse to the Company Group concerning the status, plans or prospects of the business of the Company Group or (B) publicly comment in a manner adverse to the Company Group concerning the status, plans or prospects of any existing, threatened or potential claims or litigation involving the Company Group; 

(ii)the Company shall comply with its policies regarding public statements with respect to the Executive and any such statements shall be deemed to be made by the Company only if made or authorized by a member of the Board or a senior executive officer of the Company; and

(iii)nothing herein precludes honest and good faith reporting by the Executive to appropriate Company or legal enforcement authorities.

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(i)The Executive acknowledges and agrees that a violation of the foregoing provisions of this Section 10 would cause irreparable harm to the Company Group, and that the Company’s remedy at law for any such violation would be inadequate.  In recognition of the foregoing, the Executive agrees that, in addition to any other relief afforded by law or this Agreement, including damages sustained by a breach of this Agreement and any forfeitures under Section 9(g), and without the necessity or proof of actual damages, the Company shall have the right to enforce this Agreement by specific remedies, which shall include, among other things, temporary and permanent injunctions, it being the understanding of the undersigned parties hereto that damages, the forfeitures described above and injunctions shall all be proper modes of relief and are not to be considered as alternative remedies.

11.Non-Competition.  In consideration of the Company entering into this Agreement, for a period commencing on the Effective Date and ending on the expiration of the Restricted Period:

(a)The Executive covenants and agrees that the Executive will not, directly or indirectly, engage in any activities on behalf of or have an interest in any Competitor of the Company Group, whether as an owner, investor, executive, manager, employee, independent consultant, contractor, advisor, or otherwise.  The Executive’s ownership of less than one percent (1%) of any class of stock in a publicly traded corporation shall not be a breach of this paragraph.

(b)A “Competitor” is any entity doing business directly or indirectly (e.g., as an owner, investor, provider of capital or otherwise) in the United States including any territory of the United States (the “Territory”) that provides wireless products and/or services that are the same or similar to the wireless products and/or services that are currently being provided at the time of Executive’s termination or that were provided by the Company Group during the two-year period prior to the Executive’s separation from service with the Company Group. 

(c)The Executive acknowledges and agrees that due to the continually evolving nature of the Company Group’s industry, the scope of its business and/or the identities of Competitors may change over time.  The Executive further acknowledges and agrees that the Company Group markets its products and services on a nationwide basis, encompassing the Territory and that the restrictions imposed by this covenant, including the geographic scope, are reasonably necessary to protect the Company Group’s legitimate interests.  

(d)The Executive covenants and agrees that should a court at any time determine that any restriction or limitation in this Section 11 is unreasonable or unenforceable, it will be deemed amended so as to provide the maximum protection to the Company Group and be deemed reasonable and enforceable by the court.

12.Non-Solicitation.  In consideration of the Company entering into this Agreement, for a period commencing on the Effective Date and ending on the expiration of the Restricted Period, the Executive hereby covenants and agrees that he shall not, directly or indirectly, 

Page 12

                                            

individually or on behalf of any other person or entity do or suffer any of the following: 

(a)hire or employ or assist in hiring or employing any person who was at any time during the last 18 months of the Executive’s employment an employee, representative or agent of any member of the Company Group or solicit, aid, induce or attempt to solicit, aid, induce or persuade, directly or indirectly, any person who is an employee, representative, or agent of any member of the Company Group to leave his or her employment with any member of the Company Group to accept employment with any other person or entity;  

(b)induce any person who is an employee, officer or agent of the Company Group, or any of its affiliated, related or subsidiary entities to terminate such relationship; 

(c)solicit any customer of the Company Group, or any person or entity whose business the Company Group had solicited during the 180-day period prior to termination of the Executive’s employment for purposes of business which is competitive to the Company Group within the Territory; or

(d)solicit, aid, induce, persuade or attempt to solicit, aid, induce or persuade any person or entity to take any action that would result in a Change in Control of the Company or to seek to control the Board in a material manner.

(e)For purposes of this Section 12, the term “solicit or persuade” includes, but is not limited to, (i) initiating communications with an employee of the Company Group relating to possible employment, (ii) offering bonuses or additional compensation to encourage an employee of the Company Group to terminate his employment, (iii) referring employees of the Company Group to personnel or agents employed by competitors, suppliers or customers of the Company Group, and (iv) initiating communications with any person or entity relating to a possible Change in Control.

13.Developments.

(a)The Executive acknowledges and agrees that he will make full and prompt disclosure to the Company of all inventions, improvements, discoveries, methods, developments, software, mask works, and works of authorship, whether patentable or copyrightable or not, (i) which relate to the Company’s business and have heretofore been created, made, conceived or reduced to practice by the Executive or under his direction or jointly with others, and not assigned to prior employers, or (ii) which have utility in or relate to the Company’s business and are created, made, conceived or reduced to practice by the Executive or under his direction or jointly with others during his employment with the Company, whether or not during normal working hours or on the premises of the Company (all of the foregoing of which are collectively referred to in this Agreement as “Developments”).

(b)The Executive further agrees to assign and does hereby assign to the Company (or any person or entity designated by the Company) all of the Executive’s 

Page 13

                                        

rights, title and interest worldwide in and to all Developments and all related patents, patent applications, copyrights and copyright applications, and any other applications for registration of a proprietary right.  This Section 13(b) shall not apply to Developments that the Executive developed entirely on his own time without using the Company’s equipment, supplies, facilities, or Proprietary Information and that does not, at the time of conception or reduction to practice, have utility in or relate to the Company’s business, or actual or demonstrably anticipated research or development.  The Executive understands that, to the extent this Agreement shall be construed in accordance with the laws of any Territory which precludes a requirement in an employee agreement to assign certain classes of inventions made by an employee, this Section 13(b) shall be interpreted not to apply to any invention which a court rules or the Company agrees falls within such classes.  

(c)The Executive further agrees to cooperate fully with the Company, both during and after his employment with the Company, with respect to the procurement, maintenance and enforcement of copyrights, patents and other intellectual property rights (both in the United States and other countries) relating to Developments.  The Executive shall not be required to incur or pay any costs or expenses in connection with the rendering of such cooperation.  The Executive will sign all papers, including, without limitation, copyright applications, patent applications, declarations, oaths, formal assignments, assignments of priority rights, and powers of attorney, and do all things that the Company may reasonably deem necessary or desirable in order to protect its rights and interests in any Development.  

(d)The Executive further acknowledges and agrees that if the Company is unable, after reasonable effort, to secure the Executive’s signature on any such papers, any executive officer of the Company shall be entitled to execute any such papers as the Executive’s agent and attorney-in-fact, and the Executive hereby irrevocably designates and appoints each executive officer of the Company as his agent and attorney-in-fact to execute any such papers on the Executive’s behalf, and to take any and all actions as the Company may deem necessary or desirable in order to protect its rights and interests in any Development, under the conditions described in this sentence.

14.Remedies.  The Executive and the Company agree that the covenants contained in Sections 10, 11, 12 and 13 are reasonable under the circumstances, and further agree that if in the opinion of any court of competent jurisdiction any such covenant is not reasonable in any respect, such court will have the right, power and authority to sever or modify any provision or provisions of such covenants as to the court will appear not reasonable and to enforce the remainder of the covenants as so amended.  The Executive acknowledges and agrees that the remedy at law available to the Company for breach of any of the Executive’s obligations under Sections 10, 11, 12 and 13 would be inadequate and that damages flowing from such a breach may not readily be susceptible to being measured in monetary terms.  Accordingly, the Executive acknowledges, consents and agrees that, in addition to any other rights or remedies that the Company may have at law, in equity or under this Agreement, upon adequate proof of the Executive’s violation of any such provision of this Agreement, the Company will be entitled to immediate injunctive relief and may obtain a temporary order restraining any threatened or further breach, without the necessity of proof of actual damage.  Without limiting the 

Page 14

                                            

applicability of this Section 14 or in any way affecting the right of the Company to seek equitable remedies hereunder, in the event that the Executive breaches any of the provisions of Sections 10, 11, 12 or 13 or engages in any activity that would constitute a breach save for the Executive’s action being in a state where any of the provisions of Sections 10, 11, 12, 13 or this Section 14 is not enforceable as a matter of law, then the Company’s obligation to pay any remaining severance compensation and benefits that has not already been paid to Executive pursuant to Section 9 shall be terminated and within ten days of notice of such termination of payment, the Executive shall return all severance compensation and the value of such benefits, or profits derived or received from such benefits.

15.Continued Availability and Cooperation.

(a)Following termination of the Executive’s employment, the Executive shall cooperate fully with the Company and with the Company’s counsel in connection with any present and future actual or threatened litigation, administrative proceeding or investigation involving the Company that relates to events, occurrences or conduct occurring (or claimed to have occurred) during the period of the Executive’s employment by the Company.  Cooperation will include, but is not limited to:

(i)Making himself reasonably available for interviews and discussions with the Company’s counsel as well as for depositions and trial testimony;

(ii)if depositions or trial testimony are to occur, making himself reasonably available and cooperating in the preparation therefore, as and to the extent that the Company or the Company’s counsel reasonably requests;

(iii)refraining from impeding in any way the Company’s prosecution or defense of such litigation or administrative proceeding; and

(iv)cooperating fully in the development and presentation of the Company’s prosecution or defense of such litigation or administrative proceeding.

(b)The Company will reimburse the Executive for reasonable travel, lodging, telephone and similar expenses, as well as reasonable attorneys’ fees (if independent legal counsel is necessary), incurred in connection with any cooperation, consultation and advice rendered under this Agreement after the Executive’s termination of employment.  

16.Dispute Resolution.

(a)In the event that the Parties are unable to resolve any controversy or claim arising out of or in connection with this Agreement or breach thereof, either Party shall refer the dispute to binding arbitration, which shall be the exclusive forum for resolving such claims.  Such arbitration will be administered by Judicial Arbitration and Mediation Services, Inc. (“JAMS”) pursuant to its Employment Arbitration Rules and Procedures and governed by Kansas law.  The arbitration shall be conducted by a single arbitrator selected by the Parties according to the rules of JAMS.  In the event that the 

Page 15

                                        

Parties fail to agree on the selection of the arbitrator within 30 days after either Party’s request for arbitration, the arbitrator will be chosen by JAMS.  The arbitration proceeding shall commence on a mutually agreeable date within 90 days after the request for arbitration, unless otherwise agreed by the Parties, and in the location where the Executive worked during the six months immediately prior to the request for arbitration if that location is in Kansas or Virginia, and if not, the location will be Kansas, unless the Parties agree otherwise.

(b)The Parties agree that each will bear their own costs and attorneys’ fees.  The arbitrator shall not have authority to award attorneys’ fees or costs to any Party.

(c)The arbitrator shall have no power or authority to make awards or orders granting relief that would not be available to a Party in a court of law.  The arbitrator’s award is limited by and must comply with this Agreement and applicable federal, state, and local laws.  The decision of the arbitrator shall be final and binding on the Parties.

(d)Notwithstanding the foregoing, no claim or controversy for injunctive or equitable relief contemplated by or allowed under applicable law pursuant to Sections 10, 11, 12 and 13 of this Agreement will be subject to arbitration under this Section 16, but will instead be subject to determination in a court of competent jurisdiction in Kansas, which court shall apply Kansas law consistent with Section 21 of this Agreement, where either Party may seek injunctive or equitable relief.

17.Other Agreements.  No agreements (other than the agreements evidencing any grants of equity awards) or representations, oral or otherwise, express or implied, with respect to the subject matter hereof have been made by either party which are not expressly set forth in this Agreement.  Each party to this Agreement acknowledges that no representations, inducements, promises, or other agreements, orally or otherwise, have been made by any party, or anyone acting on behalf of any party, pertaining to the subject matter hereof, which are not embodied herein, and that no prior and/or contemporaneous agreement, statement or promise pertaining to the subject matter hereof that is not contained in this Agreement shall be valid or binding on either party.

18.Withholding of Taxes.  The Company will withhold from any amounts payable under this Agreement all federal, state, city or other taxes as the Company is required to withhold pursuant to any law or government regulation or ruling.

19.Successors and Binding Agreement.

(a)The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation, reorganization or otherwise) to all or substantially all of the business or assets of the Company expressly to assume and agree to perform this Agreement in the same manner and to the same extent the Company would be required to perform if no such succession had taken place.  This Agreement will be binding upon and inure to the benefit of the Company and any successor to the 

Page 16

                                        

Company, including without limitation any persons acquiring directly or indirectly all or substantially all of the business or assets of the Company whether by purchase, merger, consolidation, reorganization or otherwise (and such successor shall thereafter be deemed the “Company” for the purposes of this Agreement), but will not otherwise be assignable, transferable or delegable by the Company, except that the Company may assign and transfer this Agreement and delegate its duties thereunder to a wholly owned Subsidiary.

(b)This Agreement will inure to the benefit of and be enforceable by the Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees and legatees.

(c)This Agreement is personal in nature and neither of the parties hereto shall, without the consent of the other, assign, transfer or delegate this Agreement or any rights or obligations hereunder except as expressly provided in Sections 19(a) and 19(b).  Without limiting the generality or effect of the foregoing, the Executive’s right to receive payments hereunder will not be assignable, transferable or delegable, whether by pledge, creation of a security interest, or otherwise, other than by a transfer by the Executive’s will or by the laws of descent and distribution and, in the event of any attempted assignment or transfer contrary to this Section 19(c), the Company shall have no liability to pay any amount so attempted to be assigned, transferred or delegated.

20.Notices.  All communications, including without limitation notices, consents, requests or approvals, required or permitted to be given hereunder will be in writing and will be duly given when hand delivered or dispatched by electronic facsimile transmission (with receipt thereof confirmed), or five business days after having been mailed by United States registered or certified mail, return receipt requested, postage prepaid, or three business days after having been sent by a nationally recognized overnight courier service such as Federal Express or UPS, addressed to the Company (to the attention of the General Counsel of the Company) at its principal executive offices and to the Executive at his principal residence, or to such other address as any party may have furnished to the other in writing and in accordance herewith, except that notices of changes of address shall be effective only upon receipt.

21.Governing Law and Choice of Forum.

(a)This Agreement will be construed and enforced according to the laws of the State of Kansas, without giving effect to the conflict of laws principles thereof. 

(b)To the extent not otherwise provided for by Section 16 of this Agreement, the Executive and the Company consent to the jurisdiction of all state and federal courts located in Overland Park, Johnson County, Kansas, as well as to the jurisdiction of all courts of which an appeal may be taken from such courts, for the purpose of any suit, action, or other proceeding arising out of, or in connection with, this Agreement or that otherwise arise out of the employment relationship.  Each Party hereby expressly waives any and all rights to bring any suit, action, or other proceeding in or before any court or tribunal other than the courts described above and covenants that it shall not seek in any manner to resolve any dispute other than as set forth in this

Page 17

                                        

paragraph.  Further, the Executive and the Company hereby expressly waive any and all objections either may have to venue, including, without limitation, the inconvenience of such forum, in any of such courts.  In addition, each of the Parties consents to the service of process by personal service or any manner in which notices may be delivered hereunder in accordance with this Agreement.

22.Validity/Severability.  If any provision of this Agreement or the application of any provision is held invalid, unenforceable or otherwise illegal, the remainder of this Agreement and the application of such provision will not be affected, and the provision so held to be invalid, unenforceable or otherwise illegal will be reformed to the extent (and only to the extent) necessary to make it enforceable, valid or legal.  To the extent any provisions held to be invalid, unenforceable or otherwise illegal cannot be reformed, such provisions are to be stricken herefrom and the remainder of this Agreement will be binding on the parties and their successors and assigns as if such invalid or illegal provisions were never included in this Agreement from the first instance.

23.Survival of Provisions.  Notwithstanding any other provision of this Agreement, the parties’ respective rights and obligations under Sections 10, 11, 12, 13, 14, 15, 16, 18, 22 and 26 will survive any termination or expiration of this Agreement or the termination of the Executive’s employment.

24.Representations and Acknowledgements.

(a)The Executive hereby represents that he is not subject to any restriction of any nature whatsoever on his ability to enter into this Agreement or to perform his duties and responsibilities hereunder, including, but not limited to, any covenant not to compete with any former employer, any covenant not to disclose or use any non-public information acquired during the course of any former employment or any covenant not to solicit any customer of any former employer.

(b)The Executive hereby represents that (except as provided in a Non-Competition, Non-Solicitation and Confidentiality Undertaking between the Executive and  BCE Inc. Bell Canada or any of its affiliated companies dated November 30, 2011, and a Term Sheet Agreement between the Executive  and Bell Canada dated April 28, 2015) he is not bound by the terms of any agreement with any previous employer or other party to refrain from using or disclosing any trade secret or confidential or proprietary information in the course of the Executive’s employment with the Company or to refrain from competing, directly or indirectly, with the business of such previous employer or any other party.  

(c)The Executive further represents that, to the best of his knowledge, his performance of all the terms of this Agreement and as an employee of the Company does not and will not breach any agreement with another party, including without limitation any agreement to keep in confidence proprietary information, knowledge or data the Executive acquired in confidence or in trust prior to his employment with the Company, and that he will not knowingly disclose to the Company or induce the

Page 18

                                        

Company to use any confidential or proprietary information or material belonging to any previous employer or others.

(d)The Executive acknowledges that he will not be entitled to any consideration or reimbursement of legal fees in connection with execution of this Agreement.

(e)The Executive hereby represents and agrees that, during the Restricted Period, if the Executive is offered employment or the opportunity to enter into any business activity, whether as owner, investor, executive, manager, employee, independent consultant, contractor, advisor or otherwise, the Executive will inform the offeror of the existence of Sections 10, 11, 12 and 13 of this Agreement and provide the offeror a copy thereof.  The Executive authorizes the Company to provide a copy of the relevant provisions of this Agreement to any of the persons or entities described in this Section 24(e) and to make such persons aware of the Executive’s obligations under this Agreement.

25.Compliance with Code Section 409A.  With respect to reimbursements or in-kind benefits provided under this Agreement: (a) the Company will not provide for cash in lieu of a right to reimbursement or in-kind benefits to which the Executive has a right under this Agreement, (b) any reimbursement or provision of in-kind benefits made during the Executive’s lifetime (or such shorter period prescribed by a specific provision of this Agreement) shall be made not later than December 31st of the year following the year in which the Executive incurs the expense, and (c) in no event will the amount of expenses so reimbursed, or in-kind benefits provided, by the Company in one year affect the amount of expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year.  Each payment, reimbursement or in-kind benefit made pursuant to the provisions of this Agreement shall be regarded as a separate payment and not one of a series of payments for purposes of Section 409A of the Code.  It is intended that any amounts payable under this Agreement and the Company’s and the Executive’s exercise of authority or discretion hereunder shall comply with the provisions of Section 409A of the Code and the Treasury regulations relating thereto so as not to subject the Executive to the payment of the additional tax, interest and any tax penalty which may be imposed under Section 409A of the Code.  In furtherance of this interest, to the extent that any provision hereof would result in the Executive being subject to payment of the additional tax, interest and tax penalty under Section 409A of the Code, the parties agree to amend this Agreement in order to bring this Agreement into compliance with Section 409A of the Code; and thereafter interpret its provisions in a manner that complies with Section 409A of the Code.  Reference to Section 409A of the Code is to Section 409A of the Internal Revenue Code of 1986, as amended, and will also include any proposed, temporary or final regulations, or any other guidance, promulgated with respect to such Section by the U.S. Department of Treasury or the Internal Revenue Service.  Notwithstanding the foregoing, no particular tax result for the Executive with respect to any income recognized by the Executive in connection with the Agreement is guaranteed, and the Executive shall be responsible for any taxes, penalties and interest imposed on him under or as a result of Section 409A of the Code in connection with the Agreement.

26.Amendment; Waiver.  Except as otherwise provided herein, this Agreement may not be modified, amended or waived in any manner except by an instrument in writing signed by 

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both Parties hereto.  No waiver by either Party at any time of any breach by the other Party hereto or compliance with any condition or provision of this Agreement to be performed by such other Party will be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time.  

27.Counterparts.  This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same agreement.

28.Headings.  Unless otherwise noted, the headings of sections herein are included solely for convenience of reference and shall not control the meaning or interpretation of any of the provisions of this Agreement.

29.Defined Terms.

(a)“Agreement” has the meaning set forth in the preamble.

(b)“Base Salary” has the meaning set forth in Section 4(a).

(c)“Board” has the meaning set forth in Section 3(a).

(d)“Bonus Award” has the meaning set forth in Section 4(b)(i).

(e)“Bylaws” means the Amended and Restated Sprint Corporation Bylaws, as may be amended from time to time.

(f)“Capped Bonus Award” shall mean the lesser of the annual Target Bonus or actual performance for such fiscal year in accordance with the then existing terms of the STIP, which shall not be payable until the Compensation Committee has determined that any incentive targets have been achieved and the subsequent designated payout date has arrived.

(g)“Cause” shall mean:

(i)any act or omission constituting a material breach by the Executive of any provisions of this Agreement; provided however, that, for avoidance of doubt, the failure of the Executive to relocate his residence to the area surrounding the Executive’s initial Place of Performance on or before September 30, 2015 as required under Section 8 shall constitute “Cause”, unless the Executive has entered into an Agreement of Purchase and Sale to relocate his residence to the area surrounding the Executive’s initial Place of Performance on or before September 30, 2015, which is scheduled to close no later than December 31, 2015, and has obtained temporary accommodation in the area surrounding the Executive’s initial Place of Performance on or before September 30, 2015;

(ii)the willful failure by the Executive to perform his duties hereunder (other than any such failure resulting from the Executive’s Disability), after demand for performance is delivered by the Company that identifies the manner 

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in which the Company believes the Executive has not performed his duties, if, within 30 days of such demand, the Executive fails to cure any such failure capable of being cured;

(iii)any intentional act or misconduct materially injurious to the Company or any Subsidiary, financial or otherwise, or including, but not limited to, misappropriation, fraud including with respect to the Company’s accounting and financial statements, embezzlement or conversion by the Executive of the Company’s or any of its Subsidiary’s property in connection with the Executive’s duties or in the course of the Executive’s employment with the Company;

(iv)the conviction (or plea of no contest) of the Executive for any felony or the indictment of the Executive for any felony including, but not limited to, any felony involving fraud, moral turpitude, embezzlement or theft in connection with the Executive’s duties or in the course of the Executive’s employment with the Company; 

(v)the commission of any intentional or knowing violation of any antifraud provision of the federal or state securities laws;

(vi)the Board reasonably believes in its good faith judgment that the Executive has committed any of the acts referred to in this Section 29(g)(v); 

(vii)a final, non-appealable order in a proceeding before a court of competent jurisdiction or a final order in an administrative proceeding finding that the Executive committed any willful misconduct or criminal activity (excluding minor traffic violations or other minor offenses) which commission is materially inimical to the interests of the Company or any Subsidiary, whether for his personal benefit or in connection with his duties for the Company or any Subsidiary;

(viii)current alcohol or prescription drug abuse affecting work performance;  

(ix)current illegal use of drugs; or

(x)violation of the Company’s Code of Conduct, with written notice of termination by the Company for Cause in each case provided under this Section 29(g).

For purposes of this Agreement, no act or failure to act on the part of the Executive shall be deemed “intentional” if it was due primarily to an error in judgment or negligence, but shall be deemed “intentional” only if done or omitted to be done by the Executive not in good faith and without reasonable belief that the Executive’s action or omission was in the best interest of the Company.  
(h)“Change in Control” has the meaning set forth in the CIC Severance Plan. 

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(i)“Chief Executive Officer” has the meaning set forth in Section 3(a).

(j)“CIC Severance Plan” means the Company’s Change in Control Severance Plan, as may be amended from time to time, or any successor plan, program or arrangement thereto.

(k)“CIC Severance Protection Period” has the meaning set forth in the CIC Severance Plan. 

(l)“Certificate of Incorporation” means the Amended and Restated Articles of Incorporation of Sprint Corporation, as may be amended from time to time.

(m)“Code” means the Internal Revenue Code of 1986, as amended from time to time, including any rules and regulations promulgated thereunder, along with Treasury and IRS Interpretations thereof.  Reference to any section or subsection of the Code includes reference to any comparable or succeeding provisions of any legislation that amends, supplements or replaces such section or subsection.

(n)“Company” has the meaning set forth in the preamble.

(o)“Company Group” has the meaning set forth in Section 10(a)(i).

(p)“Compensation Committee” means the Compensation Committee of the Board.

(q)“Competitor” has the meaning set forth in Section 11(b).

(r) “Developments” has the meaning set forth in Section 13(a).

(s)“Disability” or “Disabled” shall mean:

(i)the Executive’s incapacity due to physical or mental illness to substantially perform his duties and the essential functions of his position, with or without reasonable accommodation, on a full-time basis for six months as determined by the Board in its reasonable discretion, and within 30 days after a notice of termination is thereafter given by the Company, the Executive shall not have returned to the full-time performance of the Executive’s duties; and, further,

(ii)the Executive becomes eligible to receive benefits under the LTD Plan; 

provided, however, if the Executive shall not agree with a determination to terminate his employment because of Disability, the question of the Executive’s disability shall be subject to the certification of a qualified medical doctor agreed to by the Company and the Executive.  The costs of such qualified medical doctor shall be paid for by the Company.

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(t)“Effective Date” has the meaning set forth in the preamble.

(u)“Employee Plans” has the meaning set forth in Section 5(a).

(v)“Employment Term” means the Initial Employment Term and any Renewal Term.

(w)“Executive” has the meaning set forth in the preamble.

(x)“Good Reason” means the occurrence of any of the following without the Executive’s written consent, unless within 30 days of the Executive’s written notice of termination of employment for Good Reason, the Company cures any such occurrence:

(i)the Company’s material breach of this Agreement; 

(ii)a material reduction in the Executive’s Base Salary or Target Bonus (that is not agreed to by the Executive), as compared to the corresponding circumstances in place on the Effective Date as may be increased pursuant to Section 4, except for across-the-board reductions generally applicable to all senior executives; 

(iii)the Executive is not, before July 1, 2016, appointed to an expanded role, as mutually agreed by the Executive and the Chief Executive Officer at that time, and the executive resigns effective as of a date in the period from July 1, 2016 through December 31, 2016; or

(iv)     the Executive not being provided on or before September 1, 2015, the 2,500,000 restricted stock units subject to the terms and conditions specified in the form of Evidence of Award attached as Exhibit A.
(v)    relocation of the Executive’s Place of Performance more than 50 miles without the Executive’s consent.

Any occurrence (other than the occurrence provided under subparagraph (iii) regarding failure of the Executive to be appointed to an expanded role) of Good Reason shall be deemed to be waived by the Executive unless the Executive provides the Company written notice of termination of employment for Good Reason within 60 days of the event giving rise to Good Reason.
(y)“Initial Employment Term” has the meaning set forth in Section 2.

(z)“JAMS” has the meaning set forth in Section 16.

(aa)“LTD Plan” has the meaning set forth in Section 9(e).

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(bb)    “LTSIP” means the Company’s 2007 Omnibus Incentive Plan, effective May 8, 2007, as may be amended from time to time, or any successor plan, program or arrangement thereto.

(cc)    “LTSIP Target Award Opportunities” has the meaning set forth in Section 4(b)(ii).

(dd)    “Participant” has the meaning set forth in the CIC Severance Plan.

(ee)    “Parties” has the meaning set forth in the preamble.

(ff)    “Party” has the meaning set forth in the preamble.

(gg)    “Payment Period” means the period of 24 continuous months, as measured from the Executive’s Separation from Service. 

(hh)    “Place of Performance” has the meaning set forth in Section 8.

(ii)    “Proprietary Information” has the meaning set forth in Section 10(a)(i).

(jj)    “Release” means a release of claims in a form provided to the Executive by the Company in connection with the payment of benefits under this Agreement.

(kk)    “Release Consideration Period” means the period of time pursuant to the terms of the Release afforded the Executive to consider whether to sign it.

(ll)    “Release Revocation Period” means the period pursuant to the terms of an executed Release in which it may be revoked by the Executive.

(mm)    “Renewal Term” has the meaning set forth in Section 2.

(nn)    “Restricted Period” means the 24-month period following the Executive’s date of termination of employment with the Company for any reason or Cause, including for nonrenewal of this Agreement, Disability, termination by the Company or termination by the Executive.

(oo)    “Separation from Service” means “separation from service” from the Company and its subsidiaries as described under Code Section 409A and the guidance and Treasury regulations issued thereunder.  Separation from Service will occur on the date on which the Executive’s level of services to the Company decreases to 21 percent or less of the average level of services performed by the Executive over the immediately preceding 36-month period (or if providing services for less than 36 months, such lesser period) after taking into account any services that the Executive provided prior to such date or that the Company and the Executive reasonably anticipate the Executive may provide (whether as an employee or as an independent contractor) after such date.   For purposes of the determination of whether the Executive has had a

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Separation from Service, the term “Company” shall mean the Company and any affiliate with which the Company would be considered a single employer under Code Section 414(b) or 414(c), provided that in applying Code Sections 1563(a)(1), (2), and (3) for purposes of determining a controlled group of corporations under Code Section 414(b), the language “at least 50 percent” is used instead of “at least 80 percent” each place it appears in Code Sections 1563(a)(1), (2) and (3), and in applying Treasury Regulation Section 1.414(c)-2 for purposes of determining trades or businesses (whether or not incorporated) that are under common control for purposes of Code Section 414(c), “at least 50 percent” is used instead of “at least 80 percent” each place it appears in Treasury Regulation Section 1.414(c)-2.  In addition, where the use of such definition of “Company” for purposes of determining a Separation from Service is based upon legitimate business criteria, in applying Code Sections 1563(a)(1), (2), and (3) for purposes of determining a controlled group of corporations under Code Section 414(b), the language “at least 20 percent” is used instead of “at least 80 percent” at each place it appears in Code Sections 1563(a)(1), (2) and (3), and in applying Treasury Regulation Section 1.414(c)-2 for purposes of determining trades or businesses (whether or not incorporated) that are under common control for purposes of Code Section 414(c), “at least 20 percent” is used instead of “at least 80 percent” at each place it appears in Treasury Regulation Section 1.414(c)-2.  

(pp)    “Separation Plan” means the Company’s Separation Plan, as may be amended from time to time, or any successor plan, program, arrangement or agreement thereto.

(qq)    “Specified Employee” shall mean an Executive who is a “specified employee” for purposes of Code Section 409A, as administratively determined by the Board in accordance with the guidance and Treasury regulations issued under Code Section 409A.

(rr)    “STIP” means the Company’s short-term incentive plan under Section 8 of the Company’s 2007 Omnibus Incentive Plan, effective May 8, 2007, as may be amended from time to time, or any successor plan, program or arrangement thereto.

(ss)    “Subsidiary” shall mean any entity, corporation, partnership (general or limited), limited liability company, entity, firm, business organization, enterprise, association or joint venture in which the Company directly or indirectly controls ten percent (10%) or more of the voting interest.  Notwithstanding the foregoing, for purposes of Section 3(a), “Subsidiary” shall mean any affiliate with which the Company would be considered a single employer as described in the definition of Separation from Service.

(tt)    “Target Bonuses” has the meaning set forth in Section 4(b)(i).

(uu)    “Territory” has the meaning set forth in Section 11(b).
_____________________________________
Signature Page Follows

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IN WITNESS WHEREOF, the Company has caused this Agreement to be signed by an officer pursuant to the authority of its Board, and the Executive has executed this Agreement, as of the day and year first written above.
SPRINT CORPORATION

By:  /s/ Sandra Price            
Sandra J. Price
Senior Vice President - Human Resources

EXECUTIVE

/s/ Kevin Crull                
Kevin Crull

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