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Exhibit 10.1(e)  

 
 

FIRST AMENDMENT TO THE SECOND AMENDED & RESTATED
  1995 STOCK OPTION PLAN
  OF
  METROPCS, INC.    
    

        THIS FIRST AMENDMENT is effective August 31, 2005 and is made by MetroPCS Communications, Inc., a
Delaware corporation (the "Corporation"). 

 
 

W I T N E S S E T H:    
    

        WHEREAS, the Corporation maintains the Second Amended & Restated 1995 Stock Option Plan of
MetroPCS, Inc. (the "Plan"): 

        WHEREAS, Article Three, Section III of the Plan provides that the Board of MetroPCS Communications, Inc.
("MetroPCS"), as successor to the board of MetroPCS, Inc. may amend the Plan at any time; 

        WHEREAS, to enable holders of options awarded under the Plan to participate in the Offer to Purchase for Cash Outstanding Shares of Common
Stock at $21.46 net per share and Outstanding Shares of Series D Convertible Preferred Stock at $23.59 net per share of Common Stock upon conversion of each share of Series D Convertible
Preferred Stock and issuable upon conversion of the accumulated but unpaid dividends thereon accruing through (and including) the date on which such shares are accepted for purchase of MetroPCS
Communications, Inc. by Madison Dearborn Capital Partners IV, L.P. and TA IX L.P., TA Atlantic and Pacific V L.P., TA/Atlantic and Pacific IV L.P., TA Strategic Partners Fund A L.P., TA
Strategic Partners Fund B L.P., and TA Investors II L.P. (the "Tender Offer"), the Board desires to amend the Plan to (a) remove the restrictions
on broker-assisted exercises of options awarded under the Plan, (b) waive the rights of first refusal in favor of the Company relating to the Tender Offer, and (c) to remove the right of
first refusal in favor of the Corporation in the event that certain conditions are met. 

        NOW THEREFORE, the Plan is amended as set forth below: 

        1.     The
first sentence of Article Two, Section I.A.2 of the Plan is hereby amended to read as follows: 

The
exercise price shall become immediately due upon exercise of the option and shall, subject to the provisions of Section I of Article Three and the documents evidencing the option, be
payable (i) in cash or check made payable to the Corporation; (ii) in shares Common Stock held for the requisite period necessary to avoid a charge to the Corporation's earnings for
financial reporting purposes and valued at Fair Market Value on the Exercise Date; or (iii) to the extent the option is exercised for vested shares, through a special sale and remittance
procedure pursuant to which the Optionee shall concurrently provide irrevocable written instructions (A) to a Corporation designated brokerage firm to effect the sale of the purchased shares
and remit to the Corporation, out of the sale proceeds available on the settlement date, sufficient funds to cover the aggregate exercise price payable for the purchased shares plus all applicable
federal, state, and local income and employment taxes required to be withheld by the Corporation by reason of such exercise and (B) to the Corporation to deliver the certificates for the
purchased shares directly to such brokerage firm in order to complete the sale. Except to the extent such sale and remittance procedure is utilized, payment of the exercise price for the purchased
shares must be made on the Exercise Date. The exercise price of an option may also be paid by the Optionee electing to use any outstanding amounts credited to the Optionee under the Corporation's 1999
deferred compensation plan. 

 

        2.     Article
Two, Section I.F of the Plan is hereby amended in its entirety to read as follows: 

Until
such time as a Class of Common Stock is first registered under Section 12(g) of the 1934 Act, and subject to the provisions of the Stockholders Agreement, the Corporation shall have the
right of first refusal with respect to any proposed disposition by the Optionee (or any successor in interest) of any shares of such class of Common Stock issued under the Plan. Such right of first
refusal shall be exercisable in accordance with the terms established by the Plan Administrator and set forth in the document evidencing such right. The rights and obligations set forth in this
Section shall terminate and cease to be effective upon the earlier of (i) the Investors' purchase of securities in the Tender Offer along with the purchase of securities under the
Series E Purchase Agreement with an aggregate purchase price of at least $450 million or (ii) December 31, 2005, so long as the Investors have not exercised their Put Right
(as defined in Section 5.6 of the Series E Purchase Agreement) on or prior to the expiration thereof (it being understood that this sentence shall be of no force or effect if the Put
Right is exercised prior to such date). 

        3.     Appendix A
of the Plan is hereby amended to add the following defined terms: 

Investors shall mean Madison Dearborn Capital Partners IV, L.P., TA IX L.P., TA Atlantic and Pacific V L.P., TA/Atlantic and Pacific IV L.P., TA
Strategic Partners Fund A L.P., TA Strategic Partners Fund B L.P., and TA Investors II L.P. 

Series E Purchase Agreement shall mean the Series E Purchase Agreement, dated August 30, 2005, by and between the Corporation and
the Investors. 

Tender Offer shall mean the Offer to Purchase for Cash Outstanding Shares of Common Stock at $21.46 net per share and Outstanding Shares of
Series D Convertible Preferred Stock at $23.59 net per share of Common Stock upon conversion of each share of Series D Convertible Preferred Stock and issuable upon conversion of the
accumulated but unpaid dividends thereon accruing through (and including) the date on which such shares are accepted for purchase of MetroPCS Communications, Inc. by Madison Dearborn Capital
Partners IV, L.P. and TA IX L.P., TA Atlantic and Pacific V L.P., TA/Atlantic and Pacific IV L.P., TA Strategic Partners Fund A L.P., TA Strategic Partners Fund B L.P., and TA Investors II L.P. 

        4.     The
Corporation hereby waives the right of first refusal set forth in Article Two, Section 1.F of the Plan with respect to the sale of Common Stock in the Tender
Offer. 

        NOW THEREFORE, be it further provided that, except as provided above, the Plan shall continue to be read in its current state. 

        IN WITNESS WHEREOF, this Amendment has been executed by a duly authorized officer of the Corporation as of the date specified below and
effective as set forth herein. 

	 	 	METROPCS COMMUNICATIONS, INC., a

Delaware corporation
	

 	
 	

By:	

/s/  ROGER D. LINQUIST      

	 	 	Name:	Roger D. Linquist
	 	 	Title:	President & CEO
	 	 	Date:	9/1/05

2

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FIRST AMENDMENT TO THE SECOND AMENDED & RESTATED 1995 STOCK OPTION PLAN OF METROPCS, INC.

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Exhibit 10.1(f)  

 
 

SECOND AMENDMENT TO THE SECOND AMENDED & RESTATED
  1995 STOCK OPTION PLAN OF METROPCS, INC.,
  AS AMENDED    
    

        THIS SECOND AMENDMENT (the "Second Amendment") is effective
September 21, 2005 and is made by MetroPCS Communications, Inc., a Delaware corporation (the "Corporation"). 

 
 

W I T N E S S E T H:    
    

        WHEREAS, the Corporation maintains the Second Amended & Restated 1995 Stock Option Plan of
MetroPCS, Inc., As Amended (the "Plan"); 

        WHEREAS, Article Three, Section III of the Plan provides that the board of directors of the Corporation (the "Board"), as successor
to the board of directors of MetroPCS, Inc., may amend the Plan at any time; 

        WHEREAS, to enable non-employee directors of the Corporation (or any parent or subsidiary of the Corporation) to transfer
compensation earned for services provided to the Corporation (or any parent or subsidiary) to a third party, provided, that, the Board consents to such transfer and such transfer (and the subsequent
issuance of stock pursuant to the exercise of the option) may be made in reliance on an exemption from any registration requirements under applicable law, the Board desires to amend the Plan to
provide for the transfer or grant of options to such private equity firms and to make certain other minor changes. 

        NOW THEREFORE, the Plan is amended as set forth below: 

        1.     Article
One, Section III.A.2. of the Plan is hereby amended and restated in its entirety to read as follows: 

        2.     (a)
non-employee members of the Board, (b) non-employee members of the board of directors of any Parent or Subsidiary, or (c) a
third party designated by a non-employee member of the Board or a non-employee member of the board of directors of any Parent or Subsidiary, but in the case of a grant to an
individual or entity described in Section III.A.2.(c) only with the consent of the Board and only with respect to options that would otherwise be granted to such non-employee member
of the Board or of the board of directors of any Parent or Subsidiary and provided that the grant of such option and subsequent issuance of Common Stock may be made in reliance on an exemption from
the registration requirements of the Securities Act of 1933 (or any similar or superseding statute or statutes, any other applicable state or federal statute or regulation, or any rule of any
applicable securities exchange or securities association, as then in effect) as determined by the Plan Administrator in its sole discretion, and 

        2.     Article
One, Section IV.A. of the Plan is hereby amended and restated in its entirety to read as follows: 

        A.    The
stock issuable under the Plan shall be shares of authorized but unissued or reacquired Common Stock. The maximum number of shares of Common Stock of the Corporation
which may be issued over the term of the Plan shall not exceed 12,321,500 shares. 

        3.     Article
Two, Section I.C.2. is hereby amended in its entirety to read as follows: 

        2.     The
Plan Administrator shall have the discretion, exercisable either at the time an option is granted or at any time thereafter, to: 

        (i)    extend
the period of time for which the option is to remain exercisable following Optionee's cessation of Service from the limited period otherwise in effect for that
option to such greater period of time as the Plan Administrator shall deem appropriate, but in no event beyond the date that is fifteen (15) years after the option grant date, and/or 

 

        (ii)   permit
the option to be exercised, during the applicable post-Service exercise period, not only with respect to the number of vested shares of the class of
Common Stock for which such option is exercisable at the time of the Optionee's cessation of Service, but also with respect to one or more additional installments in which the Optionee would have
vested under the option had the Optionee continued in Service. 

        4.     Article
Two, Section I.G. of the Plan is hereby amended and restated in its entirety to read as follows: 

        G.    Transferability of Option.    During the lifetime of the Optionee, the option shall be
exercisable only by the Optionee and shall not be assignable or transferable other than by will or the laws of descent and distribution following the Optionee's death. However, a
Non-Statutory Option may be assigned in whole or in part during Optionee's lifetime (1) in accordance with a Qualified Domestic Relations Order or (2) with respect to options
granted to non-employee members of the Board or of the board of directors of any Parent or Subsidiary, to any third party provided that the Board consents to such assignment and, provided
further, that the assignment of such option and subsequent issuance of Common Stock may be made in reliance on an exemption from the registration requirements of the Securities Act of 1933 (or any
similar or superseding statute or statutes, any other applicable state or federal statute or regulation, or any rule of any applicable securities exchange or securities association, as then in effect)
as determined by the Plan Administrator in its sole discretion. The terms applicable to the assigned option (or portion thereof) shall be the same as those in effect for the option immediately prior
to such assignment and such additional terms and conditions deemed necessary or appropriate by the Plan Administrator, including, but not limited to, such written representations, if any, upon the
exercise of an assigned option concerning the holder's intentions with regard to the retention or disposition of the shares of Common Stock being acquired pursuant to such exercise and such written
covenants and agreements, if any, as to the manner of disposal of such shares as, in the opinion of counsel to the Corporation, may be necessary to ensure that any disposition by that holder (or in
the event of the holder's death, his legal representatives, heirs, legatees, or distributees) will not involve a violation of the Securities Act of 1933 or any similar or superseding statute or
statutes, any other applicable state or federal statute or regulation, or any rule of any applicable securities exchange or securities association, as then in effect. Such terms and conditions shall
be set forth in such documents issued to the assignee as the Plan Administrator may deem appropriate. The Plan Administrator may establish procedures pursuant to which such assignments shall be
accomplished. In addition, Non-Statutory Options may also be assigned in accordance with such other terms and conditions as the Plan Administrator may deem appropriate at the time of the
option grant. 

        Notwithstanding
anything in the Plan to the contrary, to the extent specifically approved by the Plan Administrator, an option may be transferred by an Optionee, without consideration,
to his or her immediate family members or related family trusts, or similar entities affiliated with such Optionee, subject to the terms and conditions as the Plan Administrator may establish. 

        4.     Appendix A,
Section F. of the Plan is hereby amended and restated in its entirety to read as follows: 

        F.     Common Stock shall mean the Corporation's common stock. 

        5.     Appendix A,
Section Z. of the Plan is hereby amended and restated in its entirety to read as follows: 

        Z.    Stockholders Agreement shall mean the Second Amended & Restated Stockholders Agreement, dated as of
August 30, 2005, as amended and supplemented from time to time, by and among the Company, the Class A Stockholders (consisting of Roger D. Linquist and C. Boyden Gray), the Standard
Common Shareholders listed on Schedule 1 thereto, the Series C Preferred 

2

 

Stockholders
listed on Schedule 2 thereto, the Series D Preferred Stockholders listed on Schedule 3 thereto, and the Investors listed on Schedule 4 thereto. 

        NOW THEREFORE, be it further provided that, except as provided above, the Plan shall continue to be read in its current state and shall
remain in full force and effect. 

        IN WITNESS WHEREOF, this Second Amendment has been executed by a duly authorized officer of the Corporation as of the date specified below
and effective as set forth herein. 

	 	 	METROPCS COMMUNICATIONS, INC., a

Delaware corporation
	

 	
 	

By:	

    

	 	 	Name:	    

	 	 	Title:	    

	 	 	Date:	    

3

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SECOND AMENDMENT TO THE SECOND AMENDED & RESTATED 1995 STOCK OPTION PLAN OF METROPCS, INC., AS AMENDED

W I T N E S S E T H

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