Document:

EXHIBIT 10.6

 Exhibit 10.6 
 Stock Option Award Agreement 
 2008 Award 
 Throughout this Award Agreement we sometimes refer to Sprint Nextel Corporation and its subsidiaries as “we” or “us.” 
 1. Award of Option Right 
 On May 4, 2008 (the “Date of Grant”), the Human Capital and
Compensation Committee (the “Compensation Committee”) of the Board of Directors of Sprint Nextel granted you an Option Right to purchase from us 154,004 shares of Series 1 common stock, par value $2.00 per share of Sprint Nextel (the
“Common Stock”) at an Option Price of $7.89 per share. The Option Right is governed by the terms of the Sprint Nextel Corporation 2007 Omnibus Incentive Plan (the “Plan”) and is subject to the terms and conditions described in
this Award Agreement. The Option Right is not intended to qualify as an “incentive stock option” within the meaning of Section 422 of the Internal Revenue Code of 1986 (the “Code”). 
 2. When the Option Right Becomes Exercisable 
 Your Option Right becomes exercisable at a rate of 1/3rd of the total number of shares subject to purchase on each of February 11, 2009, February 11, 2010, and February 11, 2011, conditioned upon you continuously
serving as our employee through those vesting dates. You will forfeit the unvested shares under your Option Right if your service with us ends for any reason, unless vesting accelerates as described in paragraph 3 below. 
 3. Acceleration of Vesting 
 Unvested shares under
your Option Right may become vested before the time at which they would normally become vested by the passage of time — that is, the vesting may accelerate. Accelerated vesting can apply in the four circumstances described below. 
  

					
	Event	  	Condition for acceleration	  	Effective date of
acceleration
	 	 	 
	 Death
	  	If you die before your Termination Date                        	  	Death
	 	 	 
	 Disability
	  	If you have a termination of employment under circumstances that would make you eligible for benefits under the company’s long-term disability
plan	  	Your Termination Date
	 	 	 
	Change in Control	  	If you have a termination of employment during the CIC Severance Protection Period under circumstances that you receive severance benefits under the
Sprint Nextel Separation Plan, the CIC Severance Plan, or your employment agreement (if applicable).	  	The date of your involuntary termination without Cause (i.e., last day worked) during the CIC Severance
Protection Period

  

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	Normal Retirement	  	 If your Termination Date is on or after
 •     The first anniversary of the Date of Grant,
and
 •     Your 65th birthday.
	  	Your Termination Date

 CIC Severance Plan means the Sprint Nextel Corporation Change in Control Plan, as it may be
amended from time to time or any successor plan. 
 CIC Severance Protection Period is defined in the Plan. It means the time period
commencing on the date of the first occurrence of a Change in Control and continuing until the earlier of (i) the 18-month anniversary of such date or (ii) the Participant’s death. 
 Sprint Nextel Separation Plan means the Sprint Nextel Separation Plan as it may be amended from time to time or any successor plan. 
 Termination Date means your termination of employment, or if, after your involuntary termination you receive severance from us paid according to our
payroll cycle (i.e., not in a lump sum), Termination Date means the last day of your severance pay period. 
 4. Exercise of Option Right 

To the extent it has vested, you may exercise your Option Right under this Award in whole or in part at the time or times as permitted by the Plan if
the Option Right has not otherwise expired, been forfeited or terminated. To exercise you must: 

	 	•	 	 deliver a written election under procedures established by the Treasurer of Sprint Nextel (including by approved electronic medium) and

	 	•	 	 pay the Option Price. 

 You may pay the Option Price
by 

	 	•	 	 check or by wire transfer of immediately available funds, 

	 	•	 	 actual or constructive transfer of shares of Common Stock you have owned for at least six months having a market value on the Exercise Date equal to the total
Option Price, or 

	 	•	 	 by any combination of cash, shares of Common Stock and other consideration as the Compensation Committee may permit. 

 If you pay the Option Price by delivery of funds or shares of Common Stock, the value per share for purposes of determining your taxable income from such an exercise
will be the Market Value Per Share of the Common Stock on the immediately preceding day before the exercise except that we will use the average of the high and low prices on that date in lieu of the closing price. 
  

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 To the extent permitted by law, you may pay the Option Price from the proceeds of a sale through a broker
designated by the Treasurer of Sprint Nextel. The Market Value Per Share for purposes of determining your taxable income from such an exercise will be the actual price at which the broker sold the shares. 
 5. Expiration of Option Right 
 Unless terminated
earlier in accordance with the terms of this Award Agreement or the Plan, the Option Right granted herein will expire at 4:00 P.M., U.S. Eastern Time, on the tenth anniversary of the Grant Date (the “Expiration Date”). If the tenth
anniversary of the Grant Date, however, is a Saturday, Sunday or any other day on which the market on which our Common Stock trades is closed (a “Non-Business Day”), then the Expiration Date will occur at 4:00 P.M., U.S. Eastern Time, on
the first business day before the tenth anniversary of the Grant Date. 
 6. Effect of your Termination of Employment 
 The length of time you have to exercise your vested Option Right after your termination of employment from us depends on the reason for your termination.
The table below describes the post-termination exercise period for the various termination reasons. In no event, however, may you exercise your Option Right after the Expiration Date. 
  

			
	Termination Event	  	Time to Exercise Vested
Options
	 	 
	 Resignation
	  	May exercise up to 90 days after your Termination Date
	 	 
	 Death *
	  	May exercise up to 12 months after your Termination Date
	 	 
	 Disability *
	  	May exercise up to 60 months after your termination of employment under circumstances that would make
you eligible for benefits under the company’s long-term disability plan
	 	 
	Early Retirement (i.e., on your Termination Date you would be eligible to commence early or special early
retirement benefits under the Sprint Retirement Pension Plan whether or not you are a participant in that plan)	  	May exercise up to 60 months after your Termination Date
	 	 
	Normal Retirement (i.e., your Termination Date is on or after your 65th birthday) *	  	May exercise up to 60 months after your Termination Date
	 	 
	Involuntary termination (not for Cause) not in connection with a Change in Control	  	 May exercise up to:
 •     90 days after your Termination Date, or
 •     60 months after your Termination Date if you are eligible for Early Retirement or Normal
Retirement on your Termination Date

  

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	If you have a termination of employment during the CIC Severance Protection Period under circumstances
that you receive severance benefits under the Sprint Nextel Separation Plan, the CIC Severance Plan, or your employment agreement (if applicable). *	  	 May exercise up to:
 •     90 days after your Termination Date, or
 •     60 months after your Termination Date if you are eligible for Early Retirement or Normal
Retirement on your Termination Date

	 	 
	 For Cause
	  	Forfeited

  

	*	See paragraph 3 for rules regarding acceleration of vesting. 

 If the last
day to exercise under the schedule described in the table above is a Non-Business Day, then you must exercise no later than the previous business day. 
 You are solely responsible for managing the exercise of your Option Award in order to avoid inadvertent expiration. 
 7.
Transfer of your Option Right and Designation of Beneficiaries  
 Your Option Right represents a contract between Sprint Nextel and
you, and your rights under the contract are not assignable to any other party during your lifetime. Upon your death, your Option Right may be exercised in accordance with the terms of the Award by any beneficiary you name in a beneficiary
designation or, if you make no designation, by your estate. 
 8. Plan Terms 
 All capitalized terms used in this Award Agreement that are not defined in this Award Agreement have the same meaning as those terms have in the Plan. The
terms of the Plan are hereby incorporated by this reference. The Plan is available on line at http://iconnect.nextel.com/portal/iland/?dochome=iw&docpath=IntranetDirectory/LandingPage/20050315_11555#LTI. 
 9. Adjustment 
 In the event of any change in the
number or kind of outstanding shares of our Common Stock by reason of a recapitalization, merger, consolidation, reorganization, separation, liquidation, stock split, stock dividend, combination of shares or any other change in our corporate
structure or shares of our Common Stock, an appropriate adjustment will be made consistent with applicable provisions of the Code and applicable Treasury Department rulings and regulations in the number and kind of shares subject to outstanding
Awards and any other adjustments as the Board deems appropriate. 
  

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	10.	Amendment; Discretionary Nature of Plan 

 This Award
Agreement is subject to the terms of the Plan, as may be amended from time to time, except that the Award which is the subject of this Award Agreement may not be materially impaired by any amendment or termination of the Plan approved after the Date
of Grant without your written consent. You acknowledge and agree that the Plan is discretionary in nature and may be amended, cancelled, or terminated by the Company, in its sole discretion, at any time. The grant of the Option Award under the Plan
is a one-time benefit and does not create any contractual or other right to receive a grant of Option Awards, other types of grants under the Plan, or benefits in lieu of such grants in the future. Future grants, if any, will be at the sole
discretion of the Company, including, but not limited to, the timing of any grant, the number of shares underlying the Option Award granted, and vesting provisions. 
  

	11.	Data Privacy 

 By entering into this agreement, you
(i) authorize us, and any agent of ours administering the Plan or providing Plan recordkeeping services, to disclose to us or our subsidiaries such information and data as we or our subsidiaries request in order to facilitate the grant of the
Option Right and the administration of the Plan; (ii) waive any data privacy rights you may have with respect to such information; and (iii) authorize us to store and transmit such information in electronic form. 
  

	12.	Governing Law 

 This Award Agreement will be
governed by the laws of the State of Kansas. No shares of Common Stock will be delivered upon the exercise of the Option Right unless counsel for the Company is satisfied that such delivery will be in compliance with all applicable laws. 

 

	13.	Severability 

 The various provisions of this Award
Agreement are severable, and any determination of invalidity or unenforceability of any one provision shall have no effect on the remaining provisions. 
  

	14.	Entire Agreement 

 You hereby acknowledge that you have read the
2007 Omnibus Incentive Plan Information Statement dated April 2008 (the “Information Statement”) available on line at http://iconnect.nextel.com/portal/iland/?dochome=iw&docpath= 
 IntranetDirectory/LandingPage/20050315_11555#LTI. To the extent not inconsistent with the provisions of this Award Agreement, the terms of the Information
Statement and the Plan are hereby incorporated by reference. This Award Agreement, along with the Information Statement and the Plan, contain the entire understanding of the parties. 
  

			
	Sprint Nextel Corporation
		
	By:	 	/s/ Sandra Price
	
	  
  
  
 /s/ Steve Elfman

	Steven L. Elfman

  

 5 

 This document constitutes part of a prospectus covering securities that have been 
 registered under the Securities Act of 1933 
  

 6Exhibit 10.7

 Exhibit 10.7 
 Restricted Stock Unit Award Agreement 
 2008 Award 
 Throughout this Award Agreement we sometimes refer to Sprint Nextel Corporation and its subsidiaries as “we” or “us.” 
 1. Award of Restricted Stock Units 
 On May 4,
2008 (the “Date of Grant”), the Human Capital and Compensation Committee (the “Compensation Committee”) of the Board of Directors of Sprint Nextel granted you an Award of 96,774 of Restricted Stock Units (RSUs) under the terms of
the Sprint Nextel Corporation 2007 Omnibus Incentive Plan (the “Plan”) as of the Date of Grant. Subject to the restrictions and conditions of the Plan and this Award Agreement, each RSU represents the right for you to receive from us one
share of Common Stock on the Vesting Date and gives you the right to dividend equivalents as described in paragraph 3 below. Your right to receive shares of Common Stock under the RSUs is a contractual right between you and us and does not give you
a preferred claim to any particular assets or shares of Sprint Nextel. 
 2. Restriction Period 
 Your RSUs vest 100 percent on February 11, 2011, or on the date vesting is accelerated as described in paragraph 5 below (the “Vesting
Date”), conditioned upon you continuously serving as our employee through that Vesting Date. RSUs that are subject to forfeiture on your termination of service as an employee are called “unvested RSUs,” and RSUs no longer subject to
forfeiture or restrictions on transfer are called “vested RSUs.” 
 3. Dividends 
 If cash dividends are paid on the Common Stock underlying your RSUs, and you hold the RSUs on the dividend record date, each year you will receive a cash
payment equal to the amount of the dividend that would be paid on the Common Stock underlying your RSUs. 
 If non-cash dividends are paid on
the Common Stock underlying your RSUs, the Compensation Committee, in its sole discretion, may (1) adjust the RSUs as described in Section 9 of this Award Agreement or, (2) provide for distribution of the property distributed in the
non-cash dividend. If the Compensation Committee provides for distribution of the non-cash dividend, and you hold the RSUs on the dividend record date, your vesting and delivery dates for the property distributed on the Common Stock underlying your
RSUs will be the same as those dates for the RSUs. 
 4. Forfeiture of RSUs 
 You will forfeit unvested RSUs if you terminate your service with us for any reason (unless vesting of your RSUs accelerates under paragraph 5).

 5. Acceleration of Vesting; Continued Vesting during Separation Pay Period 
 Unvested RSUs may become vested RSUs before the time at which they would normally become vested — that is, the vesting of RSUs may accelerate.
Accelerated vesting occurs under the four circumstances described below: 
  

 1 

					
	Event	  	Condition for acceleration	  	Effective date of
acceleration
	 	 	 
	 Death
	  	If you die before your Termination Date.                    	  	Death
	 	 	 
	 Disability
	  	If you have a Separation from Service under circumstances that make you eligible for benefits under the company’s long-term disability
plan.	  	Your Separation from Service (or after the Six-Month Payment Delay if you are a “specified
employee” subject to this delay).
	 	 	 
	Change in Control	  	If you have a Separation from Service during the CIC Severance Protection Period under circumstances that you receive severance benefits under the
Sprint Nextel Separation Plan, the CIC Severance Plan, or your employment agreement (if applicable).	  	Your Separation from Service (or after the Six-Month Payment Delay if you are a “specified
employee” subject to this delay).
	 	 	 
	Normal Retirement Age	  	If (1) you attain age 65, but only if your RSUs have been outstanding for at least one year, or (2) the first anniversary of the Date of Grant, but
only if you are age 65 or older on that anniversary date.	  	The later of your (1) 65th birthday, or (2) the first anniversary of the Date of Grant.

 Termination Date means your termination of employment, or if, after your involuntary termination
you receive severance from us paid according to our payroll cycle (i.e., not in a lump sum), Termination Date means the last day of your severance pay period. 
 Separation from Service is defined in the Plan. Generally, it means the date of your termination of employment with us. To contrast the date of your Separation from Service from your Termination Date, if you are
involuntarily terminated and receive severance pay from us, your Separation from Service would occur on the last day you actually worked for us and your Termination Date would occur on the last day of your severance pay period. 
 Six-Month Payment Delay is defined in the Plan to mean the required delay in payment to a Participant who is a “specified employee” of amounts
subject to Section 409A of the Internal Revenue Code (the “Code”) that are paid upon Separation from Service. Specified employees, generally, are our 50 highest paid officers. 
 CIC Severance Protection Period is defined in the Plan. It means the time period commencing on the date of the first occurrence of a Change in Control
and continuing until the earlier of (i) the 18-month anniversary of such date or (ii) the Participant’s death. 
  

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 6. Delivery Date; Market Value Per Share 
 The Delivery Date is the date as of which we distribute the Common Stock underlying the RSUs to you. It is the Vesting Date, or the day after the
Six-Month Payment Delay if that delay applies to your RSUs. We calculate your taxable income on the Delivery Date using the Market Value Per Share on the immediately preceding trading day, but we use the average of the high and low reported prices
of our Common Stock instead of the closing price. We will distribute the Common Stock underlying the RSUs, as soon as practicable after the Delivery Date, but in no event later than 45 days after the Delivery Date. 
 7. Transfer of your RSUs and Designation of Beneficiaries  
 Your RSUs represents a contract between Sprint Nextel and you, and your rights under the contract are not assignable to any other party during your lifetime. Upon your death, shares of Common Stock underlying your RSUs will be delivered in
accordance with the terms of the Award to any beneficiaries you name in a beneficiary designation or, if you make no designation, to your estate. 
 8.
Plan Terms 
 All capitalized terms used in this Award Agreement that are not defined in this Award Agreement have the same meaning as
those terms have in the Plan. The terms of the Plan are hereby incorporated by this reference. The Plan is available on line at http://iconnect.nextel.com/portal/iland/?dochome=iw&docpath=IntranetDirectory/LandingPage/20050315_11555#LTI.

 9. Adjustment 
 In the event of any
change in the number or kind of outstanding shares of our Common Stock by reason of a recapitalization, merger, consolidation, spin-off, reorganization, separation, liquidation, stock split, stock dividend, combination of shares or any other change
in our corporate structure or shares of our Common Stock, an appropriate adjustment will be made consistent with applicable provisions of the Code and applicable Treasury Department rulings and regulations in the number and kind of shares subject to
outstanding Awards and any other adjustments as the Board deems appropriate. 
 10. Amendment; Discretionary Nature of Plan 
 This Award Agreement is subject to the terms of the Plan, as may be amended from time to time, except that the Award which is the subject of this Award
Agreement may not be materially impaired by any amendment or termination of the Plan approved after the Date of Grant without your written consent. You acknowledge and agree that the Plan is discretionary in nature and may be amended, cancelled, or
terminated by us, in our sole discretion, at any time. The grant of RSUs under the Plan is a one-time benefit and does not create any contractual or other right to receive a grant of RSUs, other types of grants under the Plan, or benefits in lieu of
such grants in the future. Future grants, if any, will be at the sole discretion of the Company, including, but not limited to, the timing of any grant, the number of RSUs granted, the payment of dividend equivalents, and vesting provisions.

  

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 11. Data Privacy 
 By entering into this agreement, you (i) authorize us, and any agent of ours administering the Plan or providing Plan recordkeeping services, to disclose to us or our subsidiaries such information and data as we
or our subsidiaries request in order to facilitate the grant of the RSUs and the administration of the Plan; (ii) waive any data privacy rights you may have with respect to such information; and (iii) authorize us to store and transmit
such information in electronic form. 
 12. Governing Law 
 This Award Agreement will be governed by the laws of the State of Kansas. No shares of Common Stock will be delivered to you upon the vesting of the RSUs unless counsel for the Company is satisfied that such delivery
will be in compliance with all applicable laws. 
 13. Severability 
 The various provisions of this Award Agreement are severable, and any determination of invalidity or unenforceability of any one provision shall have no effect on the remaining provisions. 
 14. Taxes 
 You are liable for any and all taxes,
including withholding taxes, arising out of this grant or the issuance of the Common Stock on vesting of RSUs. The Company is authorized to deduct the amount of the tax withholding from the amount payable to you upon settlement of the RSUs. We will
withhold from the total number of shares of Common Stock you are to receive the value equal to the amount necessary to satisfy any such withholding obligation at the minimum applicable withholding rate. In addition, if you become subject to FICA or
Medicare tax, but you are not yet entitled to delivery of the shares of Common Stock underlying the RSUs, you hereby authorize us to withhold the resulting FICA or Medicare tax from other income payable to you. 
 15. Entire Agreement 
 You hereby acknowledge that you
have read the 2007 Omnibus Incentive Plan Information Statement dated April 2008 (the “Information Statement”) available at http://iconnect.nextel.com/portal/iland/?dochome=iw&docpath=
IntranetDirectory/LandingPage/20050315_11555#LTI. To the extent not inconsistent with the provisions of this Award Agreement, the terms of the Information Statement and the Plan are hereby incorporated by reference. This Award Agreement, along
with the Information Statement and the Plan, contain the entire understanding of the parties. 
  

			
	Sprint Nextel Corporation
		
	By:	 	/s/ Sandra Price
	
	  
  
  
 /s/ Steve Elfman

	Steven L. Elfman

  

 4 

 This document constitutes part of a prospectus covering securities that have been 
 registered under the Securities Act of 1933 
  

 5

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