Document:

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                                                                 Exhibit (10)(i)

                   Executive Deferred Compensation Plan

                                   ARTICLE I
                                    PURPOSE

The purpose of the Sprint Corporation Executive Deferred Compensation Plan
(hereinafter referred to as the "Plan") is to provide funds for retirement or
death for executive employees (and their Beneficiaries) of Sprint Corporation
and its subsidiaries. It is intended that the Plan will aid in retaining and
attracting employees of exceptional ability by providing such employees with a
means to supplement their standard of living at retirement.

                                  ARTICLE II
                                  DEFINITIONS

For the purposes of this Plan, the following words and phrases shall have the
meanings indicated, unless the context clearly indicates otherwise:

2.1 Account Transfer Request. "Account Transfer Request" means a written notice,
in a form prescribed by the Company, by a Participant to transfer all or any
portion of one Deferred Benefit Account to another Deferred Benefit Account as
provided for in paragraph 6.7.

2.2 Amendment of Payment Election Form. "Amendment of Payment Election Form"
means a written notice, in a form prescribed by the Company, filed with the
Company by a Participant to change the manner in which such Participant's
Deferral Benefits are to be paid.

2.3 Beneficiary. "Beneficiary" means the person, persons or entity designated by
the Participant, or as provided in Article VIII, to receive any benefits payable
under the Plan. Any Participant Beneficiary Designation shall be made in a
written instrument filed with the Company and shall become effective only when
received, accepted and acknowledged in writing by the Company.

2.4  Board.   "Board" means the Board of Directors of the Company.

2.5  Committee. "Committee" means the Deferred Compensation Committee appointed
to review the Plan decisions pursuant to Article III.
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2.6  Company.  "Company" means Sprint Corporation, or any successor thereto.

2.7 Compensation. "Compensation" means the Base Salary, Annual Incentive
Compensation and Long-Term Incentive Compensation payable to a Participant
during a Plan Year other than a distribution under this Plan.

(a)  Base Salary. "Base Salary" means all regular cash remuneration for
     services, other than such items as Annual Incentive Compensation, payable
     by the Employer to a Participant in cash during a Plan Year, but before
     reduction for amounts deferred pursuant to this Plan or any other Plan of
     the Employer.

(b)  Annual Incentive Compensation.  "Annual Incentive Compensation" means any
     annual cash incentive compensation payable by the Employer to a Participant
     in a Plan Year.

(c)  Long-Term Incentive Compensation. "Long-Term Incentive Compensation" means
     cash incentive compensation, if any, earned over a period of at least two
     years and paid to a Participant in a Plan Year.

2.8 Deferral Benefit. "Deferral Benefit" means the benefit payable to a
Participant or the Participant's Beneficiary on the Participant's retirement,
death, disability, or termination of employment as calculated in Article VII
hereof.

2.9 Deferred Benefit Account. "Deferred Benefit Account" means the accounts
maintained on the books of account of the Employer for each Participant pursuant
to Article VI. Separate Deferred Benefit Accounts shall be maintained for each
Participant. More than one Deferred Benefit Account shall be maintained for each
Participant to reflect (a) Termination and Retirement Interest Yields, (b)
separate deferral elections, and (c) Account A, Account B, Account D, Account
AA, Account BB, and Account DD elections.

For Account AA two sub-accounts (a Retirement Deferred Benefit Account and a
Termination Deferred Benefit Account) shall be maintained to reflect the
difference in Interest Yields as provided in Article VI, paragraph 6.4.

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For Account BB two sub-accounts (a Retirement Deferred Benefit Account and a
Termination Deferred Benefit Account) shall be maintained to reflect, in the
event of a transfer from Account AA or Account DD to Account BB pursuant to
paragraph 6.7, the difference in values of the two sub-accounts of Account AA or
Account DD transferred to Account BB.

For Account DD two sub-accounts (a Retirement Deferred Benefit Account and a
Termination Deferred Benefit Account) shall be maintained to reflect the
crediting of PCS Share Units corresponding to the respective sub- accounts of
Account BB pursuant to Section 6.3(b) and to reflect, in the event of a transfer
from Account AA or Account BB to Account DD pursuant to paragraph 6.7, the
difference in values of the two sub-accounts of Account AA or Account BB
transferred to Account DD.

A Participant's Deferred Benefit Accounts shall be used solely as a device for
the measurement and determination of the amounts to be paid to the Participant
pursuant to this Plan. A Participant's Deferred Benefit Account shall not
constitute or be treated as a trust fund of any kind. Unless the context
requires otherwise, "Deferred Benefit Account" shall mean the aggregate balance
of all accounts of a Participant.

2.10 Determination Date. "Determination Date" means the date on which the amount
of a Participant's Deferred Benefit Account is determined as provided in Article
VI hereof. The last day of each calendar month shall be a Determination Date.

2.11 Disability. "Disability" or "Disabled Participant" means a physical or
mental condition of a Participant resulting in a determination of disability for
purposes of receiving benefits under the Employer Long-Term Disability Insurance
Plan.

2.12 Early Retirement Date. "Early Retirement Date" means the date on which the
Participant actually terminates employment following the first day of the month
coincidental with or next following a Participant's attainment of age fifty-five
(55), but before his Normal Retirement Date.

2.13 Employer.  "Employer" means Sprint Corporation, any successor to the
business thereof or any affiliate or subsidiary designated by the Board.

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2.14 FON Share Unit. "FON Share Unit" means a measure of participation under the
Plan having a value based on the market value of one share of FON Common Stock,
Series 1, of the Company.

2.15 Internal Revenue Code. "Internal Revenue Code" means the Internal Revenue
Code of 1986, as amended or supplemented from time to time. References to any
section of the Internal Revenue Code shall be to that section as it is
renumbered, amended, supplemented or re-enacted.

2.16 Interest Yield. "Interest Yield" means with respect to any calendar month
the Termination Interest Yield or the Retirement Interest Yield as defined
below:

(a)  Termination Interest Yield. The "Termination Interest Yield" means (1) in
     the case of balances in Account AA, the composite yield on Moody's Seasoned
     Corporate Bond Yield Index for the preceding calendar month as determined
     from Moody's Bond Record published by Moody's Investors Services, Inc. (or
     any successor thereto) or, if such monthly yield is no longer published, a
     substantially similar average selected by the Company, and (2) in the case
     of balances in Account A, the greater of (i) the prime rate in effect at
     Citibank, N.A. at the opening of business on the first business day of the
     month, or if said bank, for any reason, no longer publishes its prime rate,
     the prime rate similarly determined of another major bank selected by the
     Company and (ii) six percent per annum.

(b)  Retirement Interest Yield. The "Retirement Interest Yield" means (1) in the
     case of balances in Account AA, three percentage points over the
     Termination Interest Yield, and (2) in the case of balances in Account A,
     the Termination Interest Yield.

2.17 Normal Retirement Age.  "Normal Retirement Age" means the time at which a
Participant attains age sixty-five (65).

2.18 Normal Retirement Date.  "Normal Retirement Date" means the first day of
the month coincidental with or next following a Participant's Normal Retirement
Age.

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2.19 Participant. "Participant" means any individual who is designated by the
Company in accordance with paragraph 4.1 to participate in this Plan and who
elects to participate by filing a Participation Agreement as provided in Article
IV.

2.20 Participation Agreement. "Participation Agreement" means the agreement, in
a form prescribed by the Company, filed with the Company by a Participant before
the beginning of the period in which the Participant's Compensation is to be
deferred pursuant to the Plan and the Participation Agreement. A new
Participation Agreement shall be filed by the Participant for each separate Base
Salary deferral election and for each Annual Incentive Compensation deferral
election and, if applicable, each Long-Term Incentive Compensation deferral
election not accompanying a Base Salary deferral election.

2.21 PCS Share Unit. "PCS Share Unit" means a measure of participation under the
Plan having a value based on the market value of a share of PCS Common Stock,
Series 1, of the Company.

2.22 Plan. "Plan" means the Sprint Corporation  Executive Deferred  Compensation
Plan as set forth in this document. This Plan is the successor to, and comprises
an amendment and revision of, the United Telecommunications, Inc. 1985 Executive
Deferred Compensation Plan adopted February 12, 1985.

2.23 Plan Administrator.  "Plan Administrator" means the person appointed by the
Company to represent the Company in the administration of this Plan.

2.24 Plan Year.  "Plan Year" means a twelve month period  commencing May 1st and
ending the following April 30th. The first Plan Year commenced May 1, 1985.

2.25 Recapitalization Date.  "Recapitalization Date" means November 23, 1998.

2.26 Retirement Plan.  "Retirement Plan" means the Sprint Retirement Pension
Plan, as amended from time to time.

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2.27 Share Units. "Share Units" means the Share Units credited to Accounts B and
BB prior to the recapitalization of the Company's Common Stock on the
Recapitalization Date.

2.28 Spouse. "Spouse" means a Participant's wife or husband who was lawfully
married to the Participant upon the Participant's retirement, death or severance
from service.

2.29 Sprint Insider. "Sprint Insider" means, as of any time when the
determination thereof is relevant, any Participant subject to liability under
Section 16 of the Securities Exchange Act of 1934 with respect to trading in the
equity securities of the Company.

2.30 Transition Date.  "Transition Date" means May 1, 1990.

                                  ARTICLE III
                                ADMINISTRATION

3.1 Plan Administrator; Company and Committee; Duties. This Plan shall be
administered by the Committee. The Committee shall consist of not more than five
persons appointed by the Board. The Committee may be a consolidated Committee
administering other benefit plans of the Company in addition to this Plan. The
Committee shall have the authority to make, amend, interpret, and enforce all
appropriate rules and regulations for the administration of this Plan and decide
or resolve any and all questions, including interpretations of this Plan, as may
arise in connection with the Plan. The Committee may appoint a Benefit
Administrative Committee and a Plan Administrator. The Committee may delegate
its duties for the day-to-day operations of the Plan to the Plan Administrator
and other duties to the Benefit Administrative Committee. Members of the
Committee, the Benefit Administrative Committee and the Plan Administrator may
be Participants under this Plan.

3.2 Claim for Benefits. Any claim for benefits under this Plan shall be made in
writing to the Plan Administrator. If a claim for benefits is wholly or
partially denied, the Plan Administrator shall so notify the Participant or
Beneficiary within 90 days after receipt of the claim. The notice of denial
shall be written in a manner calculated to be understood by the Participant or
Beneficiary and shall contain (a) the specific reason or reasons for denial of
the claim, (b) specific references to the pertinent Plan provisions

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upon which the denial is based, (c) a description of any additional material or
information necessary to perfect the claim together with an explanation of why
such material or information is necessary and (d) an explanation of the claims
review procedure. The decision or action of the Plan Administrator shall be
final, conclusive and binding on all persons having any interest in the Plan,
unless a written appeal is filed as provided in Section 3.3.

3.3 Review of Claim. Within 60 days after the receipt by the Participant or
Beneficiary of notice of denial of a claim, the Participant or Beneficiary may
(a) file a request with the Benefit Administrative Committee that it conduct a
full and fair review of the denial of the claim, (b) review pertinent documents
and (c) submit questions and comments to the Committee in writing.

3.4 Decision After Review. Within 60 days after the receipt of a request for
review under Section 3.3, the Committee shall deliver to the Participant or
Beneficiary a written decision with respect to the claim, except that if there
are special circumstances (such as the need to hold a hearing) which require
more time for processing, the 60-day period shall be extended to 120 days upon
notice to the Participant or Beneficiary to that effect. The decision shall be
written in a manner calculated to be understood by the Participant or
Beneficiary and shall (a) include the specific reason or reasons for the
decision and (b) contain a specific reference to the pertinent Plan provisions
upon which the decision is based.

                                  ARTICLE IV
                                 PARTICIPATION

4.1 Participation. Participation in the Plan shall be limited to executives
having a job grade level of E14 or above, or any other employees designated by
the Committee, who elect to participate in the Plan by filing a Participation
Agreement with the Company. Participation Agreements must be filed no later than
the March 31st immediately preceding the Plan Year in which the Participant
Agreement is to take effect, and the election to participate shall be effective
on the first day of the Plan Year following receipt by the Company of a properly
completed and executed Participation Agreement; provided, however, that if March
31st falls on a Saturday, Sunday or holiday, the filing date for the

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Participation Agreement shall be no later than the next business day after March
31st.

4.2  Minimum and Maximum Deferral and Length of Participation. A Participant may
elect in any Participation Agreement to defer a portion of the Participant's
Compensation. The minimum and maximum amounts that may be deferred under any
single Participation Agreement shall be in $100 units and shall be as follows:

                            Minimum        Maximum
                            Deferral       Deferral

     With respect to     $300 per         50% of Base
     Base Salary         month            Salary
     Deferrals

     With respect to     25% of Annual    100% of
     Annual              Incentive        Annual
     Incentive           Compensation     Incentive
     Compensation                         Compensation

     With respect to     25% of Long-     100% of Long-
     Long-Term           Term Incentive   Term Incentive
     Incentive           Compensation     Compensation

(a)  With respect to Base Salary deferrals, the dollar amount of deferral
     elected in each Participation Agreement shall be the amount of Base Salary
     that will be deferred in each month subject to the Participation Agreement.
     Each Participation Agreement shall apply to the Participant's Base Salary
     payable in the Plan Year immediately following the Plan Year in which the
     Participation Agreement is filed (or until the Participant's retirement,
     whichever occurs first). The fixed dollar amount of Base Salary deferral
     applicable over a deferral period shall not be changed by virtue of a
     change in Base Salary alone.

(b)  With respect to Annual Incentive Compensation or Long-Term Incentive
     Compensation deferrals, the deferral percentage selected in each
     Participation Agreement shall apply only to the Participant's Annual
     Incentive Compensation or Long-Term Incentive Compensation paid in the Plan
     Year immediately following receipt of the Participation Agreement.

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(c)  From time to time, the Company may increase or decrease the minimum and
     maximum deferrals set forth above as well as the period for which the
     deferrals are effective by giving reasonable written notice to the affected
     Participants. Such changes shall be effective for all Participation
     Agreements filed thereafter.

(d)  A Participant's election to defer Compensation shall be irrevocable upon
     the filing of the respective Participation Agreement; provided, however,
     that the deferral of Compensation under any Participation Agreement may be
     suspended or amended as provided in paragraphs 7.5 or 9.1.

                                    ARTICLE V
                              DEFERRED COMPENSATION

5.1  Elective Deferred Compensation. The amount of Compensation that a
Participant elects to defer in the Participation Agreement executed by the
Participant, with respect to each Plan Year of participation in the Plan, shall
be credited by the Company to the Participant's Deferred Benefit Account
throughout each Plan Year as the Participant is paid the non-deferred portion of
Compensation for such Plan Year. The amount credited to a Participant's Deferred
Benefit Account shall equal the amount deferred. To the extent that the Employer
is required to withhold any taxes or other amounts relating to the employees'
deferred wages pursuant to any state, federal or local law, such amounts shall
be taken out of the portion of the Participant's Compensation which is not
deferred under this Plan.

5.2  Additional Amounts Under Savings Plan and Retirement Plan.

     (a) Savings Plan. Except for Participants who are Sprint Insiders, to the
     extent a Participant's deferral of Compensation under this Plan causes a
     reduction in the Company's contribution for the Participant under the
     Sprint Retirement Savings Plan, the Company shall credit the amount of any
     such reduction to the Participant's Deferred Benefit Accounts B and D in
     the ratio determined pursuant to guidelines adopted by the Committee or the
     Board. For Sprint Insiders, such reduction shall be credited to Account A.

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     (b) Retirement Plan. A Participant shall receive a Pension Make-Up Benefit
     from the Supplemental Executive Retirement Plan if the deferral of
     compensation under this Plan causes a reduction in the Participant's
     benefit under the Retirement Plan.

5.3  Additional Payments. The Company also intends that supplemental payments
shall be made at death, disability or termination of employment, as the case may
be, for any reduction in benefits due to deferrals of Compensation under this
Plan in respect of any of the Employer's life insurance or disability plans or
Employees Stock Purchase Plan now in existence or adopted after the effective
date of this Plan.

5.4  Vesting of Deferred Benefit Account. A Participant shall be 100% vested in
the Participant's Deferred Benefit Account.

                                   ARTICLE VI
                            DEFERRED BENEFIT ACCOUNT

6.1  Determination of Account. Each Participant's Deferred Benefit Account, as
of each Determination Date, shall consist of the balance of the Participant's
Deferred Benefit Account as of the immediately preceding Determination Date,
plus the Participant's elective deferred compensation withheld since the
immediately preceding Determination Date pursuant to paragraph 5.1 and plus
amounts credited to the Participant's Deferred Benefit Account pursuant to
paragraphs 6.4 and 6.5. The Deferred Benefit Account of each Participant shall
be reduced by the amount of all distributions, if any, made from such Deferred
Benefit Account since the preceding Determination Date.

6.2  Type of Deferral. A Participant may elect to have any portion of the amount
deferred credited to Account A (fixed income return), to Account B (FON Share
Units) or to Account D (PCS Share Units). The election shall be made by a
properly executed Participation Agreement. Deferrals in a Plan Year shall be
credited in accordance with the election of the applicable Participation
Agreement.

6.3  Creation of Accounts AA, BB, D, and DD.

(a)  Accounts AA and BB. As of the start of business on the Transition Date, all
     amounts standing to the credit of each

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     Participant in Account A were transferred to an Account AA. As of the start
     of business on the Transition Date, amounts standing to the credit of each
     Participant in Account B that were attributable to prior transfers from
     Account A into Account B were transferred to an Account BB. The amount of
     such transfers was an amount equal to the sum of the dollar amount of all
     transfers from Account A to Account B during the period beginning on the
     effective date of the Participation Agreement and ending on the Transition
     Date. For all purposes of this Plan, except as otherwise noted in this
     Plan, Account AA shall be treated in the same manner as Account A, and
     Account BB shall be treated in the same manner as Account B.

(b)  Accounts D and DD. As of the Recapitalization Date, there was credited to
     Accounts D and DD, created for each Participant having a positive balance
     in an Account B or BB with respect to any Plan Year, a number of PCS Share
     Units determined as follows:

     (1)  one-half of a PCS Share Unit in Account D for each Share Unit in
          Account B for such Participant for such Plan Year as of the
          Recapitalization Date; and

     (2)  one-half of a PCS Share Unit in the Retirement Deferred Benefit
          Account of Account DD for each Share Unit in the Retirement Deferred
          Benefit Account of Account BB for such Participant for such Plan Year
          as of the Recapitalization Date; and

     (3)  one-half of a PCS Share Unit in the Termination Deferred Benefit
          Account of Account DD for each Share Unit in the Termination Deferred
          Benefit Account of Account BB for such Participant for such Plan Year
          as of the Recapitalization Date.

For all purposes of this Plan except as otherwise noted in this Plan, Account DD
shall be treated in the same manner as Account D.

6.4  Maintenance of Accounts A and AA. As of each Determination Date, the
Participant's Deferred Benefit Accounts A and AA shall be increased by the
amount of interest earned since the preceding Determination Date. Interest on
Accounts A and AA shall be based upon the Interest Yield. For Account AA, a
Retirement Deferred Benefit

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Account shall be maintained and increased at the rate specified by the
Retirement Interest Yield and a Termination Deferred Benefit Account shall be
maintained and increased at the rate specified by the Termination Interest
Yield. Interest shall be credited on the mean average of the balances of the
Deferred Benefit Account on the Determination Date (before crediting the
interest) and on the last preceding Determination Date, but after the Deferred
Benefit Account has been adjusted for any contributions or distributions to be
credited or deducted for each such day.

6.5  Maintenance of Share Unit Accounts.

Accounts B and BB and Accounts D and DD shall maintain balances in FON Share
Units and PCS Share Units, respectively.

(a)  Maintenance of Accounts B and BB.

     (1)  Conversion of Share Units into FON Share Units. As of the
          Recapitalization Date, each Share Unit in Accounts B and BB was
          converted into a FON Share Unit.

     (2)  Conversion between Dollar Amounts and FON Share Units in Accounts B
          and BB. When an amount is to be added to a Participant's Deferred
          Benefit Accounts B or BB, it shall be converted into FON Share Units,
          or fractions thereof, by dividing the amount to be credited by the
          closing price of the FON Common Stock, Series 1, as reported by the
          New York Stock Exchange on the last trading day on or before the
          Determination Date. When a number of FON Share Units is to be
          subtracted from a Participant's Deferred Benefit Accounts B or BB,
          such number of FON Share Units shall be converted into a dollar amount
          by multiplying such number of Share Units by the closing price of the
          FON Common Stock, Series 1, as reported by the New York Stock Exchange
          on the last trading day on or before the Determination Date.

     (3)  Sub-accounts to be Maintained for Purposes of Computing Retirement and
          Termination Benefits. Two sub-accounts shall be maintained for Account
          BB: (i) a Retirement Deferred Benefit Account which shall include the
          transfer from Account B into Account BB described in paragraph 6.3(a),
          plus amounts transferred from the

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          Account AA Retirement Deferred Benefit Account, if any, plus amounts
          transferred from the Account DD Retirement Benefit Account, if any,
          plus other additions pursuant to this paragraph 6.5(a); and (ii) a
          Termination Deferred Benefit Account which shall include the transfer
          from Account B into Account BB described in paragraph 6.3(a) plus
          amounts transferred from the Account AA Termination Deferred Benefit
          Account, if any, plus amounts transferred from the Account DD
          Termination Deferred Benefit Account, if any, plus other additions
          pursuant to this paragraph 6.5(a).

     (4)  Dividends. When a dividend is declared and paid by the Company on its
          FON Common Stock, Series 1, an amount shall be credited to the
          Participant's Accounts B and BB as though the same dividend had been
          paid on the FON Share Units in such accounts as of the Determination
          Date immediately preceding the record date for the dividend, and such
          amount shall be converted to FON Share Units. Such amount shall be
          valued as of the Determination Date immediately following the payment
          of the dividend.

     (5)  Effect of Recapitalization. In the event of a stock dividend, stock
          split, or other corporate reorganization involving the FON Common
          Stock, Series 1, the Company shall make equitable adjustment to the
          number of FON Share Units credited to a Participant's Accounts B and
          BB as may be necessary to give effect to such change in the Company's
          capital structure.

     (6)  Conversion of Share Units to Dollars on Distribution. FON Share Units
          in Accounts B and BB shall be converted to an equivalent dollar amount
          before any distribution thereof to a Participant pursuant to Article
          VII. For purposes of distribution, the value of a FON Share Unit shall
          be the average closing price of the FON Common Stock, Series 1, on the
          New York Stock Exchange on the last trading day of each of (i) the 12
          calendar months immediately preceding the date of distribution or (ii)
          the smaller number of calendar months (including part of a month)
          elapsed from the Recapitalization Date to such distribution. If a
          Participant elects payment in other than a lump sum, FON Share Units

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          shall be so converted to a dollar amount with respect to each payment
          made in the distribution. During the period of distribution, dividends
          and other equitable adjustments shall be credited to the Participant's
          Accounts B and BB in accordance with paragraphs 6.5(a)(4) and
          6.5(a)(5). For such purposes, a Participant that is a Sprint Insider
          immediately before the event that entitles the Participant to
          distribution shall be deemed a Sprint Insider during the period of
          distribution.

(b)  Maintenance of Accounts D and DD.

     (1)  Conversion between Dollar Amounts and PCS Share Units in Accounts D
          and DD. When an amount is to be added to a Participant's Deferred
          Benefit Accounts D or DD, it shall be converted into PCS Share Units,
          or fractions thereof, by dividing the amount to be credited by the
          closing price of the PCS Common Stock, Series 1, as reported by the
          New York Stock Exchange on the last trading day on or before the
          Determination Date. When a number of PCS Share Units is to be
          subtracted from a Participant's Deferred Benefit Accounts D or DD,
          such number of PCS Share Units shall be converted into a dollar amount
          by multiplying such number of PCS Share Units by the closing price of
          PCS Common Stock, Series 1, as reported by the New York Stock Exchange
          on the last trading day on or before the Determination Date.

     (2)  Sub-accounts to be Maintained for Purposes of Computing Retirement and
          Termination Benefits. Two sub-accounts shall be maintained for Account
          DD: (i) a Retirement Deferred Benefit Account which shall include the
          value of the PCS Share Units credited pursuant to paragraph 6.3(b)(2),
          plus amounts transferred from the Account AA Retirement Benefit
          Account, if any, plus amounts transferred from the Account BB
          Retirement Benefit Account, if any, plus other additions pursuant to
          this paragraph 6.5(b) and (ii) a Termination Deferred Benefit Account
          which shall include the value of the PCS Share Units credited pursuant
          to paragraph 6.3(b)(3), plus amounts transferred from the Account AA
          Termination Benefit

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          Account, if any, plus amounts transferred from the Account BB
          Termination Benefit Account, if any, plus other additions pursuant to
          this paragraph 6.5(b).

     (3)  Dividends. When a dividend is declared and paid by the Company on its
          PCS Common Stock, Series 1, an amount shall be credited to the
          Participant's Accounts D and DD as though the same dividend had been
          paid on the PCS Share Units in such accounts as of the Determination
          Date immediately preceding the record date for the dividend, and such
          amount shall be converted to PCS Share Units. Such amount shall be
          valued as of the Determination Date immediately following the payment
          of the dividend.

      (4) Effect of Recapitalization. In the event of a stock dividend, stock
          split or other corporate reorganization involving PCS Common Stock,
          Series 1, the Company shall make equitable adjustment to the number of
          PCS Share Units credited to a Participant's Accounts D and DD as may
          be necessary to give effect to such change in the Company's capital
          structure.

     (5)  Conversion of PCS Share Units to Dollars on Distribution. PCS Share
          Units in Accounts D and DD shall be converted to an equivalent dollar
          amount before any distribution thereof to a Participant pursuant to
          Article VII. For purposes of distribution, the value of a PCS Share
          Unit shall be the average closing price of PCS Common Stock, Series 1,
          on the New York Stock Exchange on the last trading day for each of (i)
          the 12 calendar months immediately preceding the date of such
          distribution or (ii) the smaller number of calendar months (including
          part of a month) elapsed from the Recapitalization Date to such
          distribution. If a Participant elects payment in other than a lump
          sum, PCS Share Units shall be so converted to a dollar amount with
          respect to each payment made in the distribution. During the period of
          distribution, dividends and other equitable adjustments shall be
          credited to the Participant's Accounts D and DD in accordance with
          paragraphs 6.5(b)(3) and 6.5(b)(4). For such purposes, a Participant
          that is a Sprint Insider immediately before the

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          event that entitles the Participant to distribution shall be deemed a
          Sprint Insider during the period of distribution.

6.6  Statement of Accounts. The Company shall submit to each Participant, within
120 days after the close of each Plan Year, a statement in such form as the
Company deems desirable, setting forth the balance to the credit of such
Participant in the Participant's Deferred Benefit Accounts A, B, and D and in
the Participant's Deferred Benefit Accounts AA, BB, and DD (showing separate
calculations for each Interest Yield), in each case, as of the last day of the
preceding Plan Year.

6.7  Transfers Between Accounts. Within the limitations of this paragraph 6.7, a
Participant may elect, by executing an Account Transfer Request: (1) to transfer
all or any portion of the Participant's Account A to Account B or Account D, (2)
to transfer all or any portion of the Participant's Account B to Account A or
Account D, (3) to transfer all or any portion of the Participant's Account D to
Account A or Account B, (4) to transfer all or any portion of the Participant's
Account AA to Account BB or Account DD, (5) to transfer all or any portion of
the Participant's Account BB to Account AA or Account DD, and (6) to transfer
all or any portion of the Participant's Account DD to Account AA or Account BB.
Such election shall be effective on the last day of the calendar month in which
the Plan Administrator timely receives the Participant's executed Account
Transfer Request. Transfers may not be made more than four times in any Plan
Year, and no such transfer may be made unless a period of at least three months
shall have elapsed from the effective date of the most recent such transfer
(whether it occurred in the current Plan Year or not) to the effective date of
the current transfer.

                              ARTICLE VII
                               BENEFITS

7.1  Benefit for Normal or Early Retirement and Termination After Age 55.
Subject to paragraph 7.6 below, upon a Participant's (i) retirement after
reaching the Normal Retirement Date, or (ii) retirement after reaching the Early
Retirement Date, or (iii) termination of employment after attaining age 55, the
Participant shall be entitled to a Deferral Benefit equal to the amount of the
Participant's Retirement Deferred Benefit Account determined under paragraph 6.1
as of the Determination Date coincident with or immediately following such
event.

                                   16
<PAGE>

7.2  Termination of Employment Before Age 55. Upon any termination of service of
the Participant before age 55 for reasons other than death or Disability, the
Employer shall pay to the Participant, as compensation earned for services
rendered before the Participant's termination of service, a Deferral Benefit
equal to the amount of the Participant's Termination Deferred Benefit Account
determined under paragraph 6.1. The Termination Deferred Benefit Account of a
Participant whose employment has terminated shall be paid in a single sum to the
terminated Participant within 30 days following termination of employment if the
aggregate balance of the Deferred Benefit Account(s) of such Participant is
$20,000 or less. If such aggregate balance of a Participant's Deferred Benefit
Account(s) is more than $20,000, payment shall commence pursuant to the
Participant's election in the Participation Agreement or in the Amendment of
Payment Election Form.

7.3  Death. If a Participant dies after the commencement of payments of the
Participant's Deferral Benefit, the Participant's Beneficiary shall continue to
receive the remaining installments of the Participant's Deferred Benefit Account
in accordance with the Participant's election pursuant to paragraph 7.6.

If a Participant dies before any payments of a Deferral Benefit, the amounts to
which the Participant's Beneficiary is entitled shall be determined as follows:

(a)  In the case of deferrals pursuant to a Participation Agreement first
     effective before the Transition Date:

     (1)  Deferrals of Incentive Compensation shall be the Retirement Deferred
          Benefit Account value thereof.

     (2)  Deferrals of Base Salary pursuant to Participation Agreements that
          required a total deferral of less than $15,000 per year allocated to
          Accounts A and AA during the last Plan Year of deferrals pursuant to
          such Participation Agreement shall be the greater of (i) the
          Retirement Deferred Benefit Account value thereof or (ii) ten times
          the amount of the elected annual Base Salary deferral.

     (3)  Deferrals of Base Salary pursuant to Participation Agreements that
          required a total deferral of $15,000 or

                                       17
<PAGE>

          more per year allocated to Accounts A and AA during the last Plan Year
          of deferrals pursuant to such Participation Agreement shall be
          determined as follows: (i) that portion of the deferral which totals
          $15,000 per year shall be the greater of (x) the Retirement Deferred
          Benefit Account value thereof and (y) ten times the amount of the
          elected annual Base Salary deferral, and (ii) the portion of such
          deferral which is in excess of $15,000 per year shall be the
          Retirement Deferred Benefit Account value of such excess.

     (4)  Deferrals allocated to Accounts B and BB shall be the Retirement
          Deferred Benefit Account value thereof.

     (5)  Deferrals allocated to Accounts D and DD shall be the Retirement
          Deferred Benefit Account value thereof.

(b)  In the case of deferrals pursuant to a Participation Agreement first
     effective on or after the Transition Date, the aggregate amount of all
     deferrals shall be the Retirement Deferred Benefit Account value of
     Accounts A, B and D. The Deferral Benefit shall be payable as provided for
     in paragraph 7.6. The Deferral Benefit provided above shall be in lieu of
     all other benefits under this Plan.

7.4  Disability. In the event of Disability while employed by the Employer
before the completion of all deferrals provided for under a Participation
Agreement, the Employer shall credit to the disabled Participant's Deferred
Benefit Account an amount equal to the amount deferred by the Participant under
the Participation Agreement during such period of Disability, but not beyond the
end of the Plan Year to which the Participation Agreement applies.

In the event of Disability before termination of employment or the Normal
Retirement Date, the disabled Participant, unless the Participant otherwise
elects under this paragraph, shall be entitled to the amount in the
Participant's Retirement Deferred Benefit Account (rather than the Participant's
Termination Deferred Benefit Account) determined under paragraph 6.1 as of the
Determination Date next following such Disability, with payments to commence
upon attainment of the Participant's Normal Retirement Date in the form
specified in paragraph 7.6(a)(2) and/or 7.6(a)(3) over a 15 year period. Before
payments commence under the preceding sentence, a Disabled Participant may
elect, subject to

                                       18
<PAGE>

Committee approval upon good cause shown: (i) to accelerate commencement of the
payments to any earlier date, but not sooner than 60 days after the onset of
Disability and/or (ii) to change the form of payment permitted under paragraph
7.6(a).

7.5  Suspension of Participation; Failure to Continue Participation. The
Committee, in its sole discretion, may suspend the deferral of a Participant's
Compensation upon the advanced written request of a Participant on account of
financial hardship suffered by that Participant. A Participant must file any
request for such suspension on or before the 15th day preceding the regular
payment date on which the suspension is to take effect. The Committee, in its
sole discretion, shall determine the amount, if any, that will not be deferred
by the Participant as a result of the financial hardship.

The suspension of any deferrals under this paragraph shall not affect amounts
deferred with respect to periods before the effective date of the suspension. A
Participant whose deferrals are suspended may not execute a subsequent
Participation Agreement that would take effect before the beginning of the third
Plan Year following the close of the Plan Year in which the suspension first
took effect.

In the event the Participant ceases to remain a member of the class of employees
who are eligible to participate in this Plan, the Participant may elect to
suspend the amount of any remaining deferral commitment in the same manner as
described for other suspensions in this paragraph, except that Committee
approval shall not be required.

7.6  Form of Benefit Payment.

(a)  Upon the happening of an event described in paragraphs 7.1, 7.2, 7.3 or 7.4
     above, the Employer shall pay to the Participant or the Participant's
     Beneficiary the amount (at a time designated by the Participant in the
     Participation Agreement, but commencing no later than the Participant's
     Normal Retirement Date) specified in one of the following forms as elected
     by the Participant, either in the Participation Agreement or the Amendment
     of Payment Election Form filed by the Participant:

     (1) a lump sum payment.

                                       19
<PAGE>

     (2)  with respect to balances in Accounts A and AA, an annual payment of a
          fixed amount that shall amortize the Deferred Benefit Account balance
          in equal annual payments of principal and interest over a period from
          2 to 20 years. For purposes of determining the amount of the annual
          payment, the assumed rate of interest on Accounts A and AA shall be
          the average of the applicable Interest Yield as of each Determination
          Date for the 60 months preceding the initial annual installment
          payment.

     (3)  with respect to balances in Accounts B and BB, an annual payment over
          a period from 2 to 20 years, each such payment having a value, as
          determined pursuant to paragraph 6.5(a)(6), of the number of FON Share
          Units equal to (i) the number of FON Share Units in the accounts on
          the Determination Date immediately following the event described in
          paragraph 7.1, 7.2, 7.3 or 7.4, divided by (ii) the number of annual
          installments elected. During the period that a Participant is
          receiving a distribution from Account B or BB, FON Share Unit
          dividends will be added to the Accounts in accordance with
          subparagraph 6.5(a)(4). Such FON Share Unit dividends shall be valued
          in the same manner as previously described, and all such FON Share
          Units accruing after a distribution from Accounts B or BB is made
          shall be paid to the Participant with the next distribution from the
          account.

     (4)  with respect to balances in Accounts D and DD, an annual payment over
          a period from 2 to 20 years, each such payment having a value, as
          determined pursuant to paragraph 6.5(b)(5), of the number of PCS Share
          Units equal to (i) the number of PCS Share Units in the accounts on
          the Determination Date immediately following the event described in
          paragraph 7.1, 7.2, 7.3 or 7.4, divided by (ii) the number of annual
          installments elected. During the period that a Participant is
          receiving a distribution from Account D or DD, PCS Share Unit
          dividends will be added to the Accounts in accordance with
          subparagraph 6.5(b)(3). Such PCS Share Unit dividends shall be valued
          in the same manner as previously described, and all such PCS Share
          Units accruing after a distribution from Accounts D or DD is

                                       20
<PAGE>

          made shall be paid to the Participant with the next  distribution from
          the account.

(b)  A Participant may change the form in which such Participant's benefits
     shall be paid by filing an Amendment of Payment Election Form indicating
     such change at least 13 months before the date upon which the payments to
     be made are determined. No such Amendment of Payment Election Form shall
     change the amount elected to be deferred in the Participation Agreement to
     which it relates, nor the time elected for commencement of benefit
     payments.

(c)  In the absence of a Participant's election under subparagraph 7.6(a),
     benefits shall be paid in the form specified in subparagraph 7.6(a)(2),
     7.6(a)(3), and 7.6(a)(4) over a 15 year period, except as provided in
     paragraph 7.2. In the event of a Disabled Participant, payment shall be in
     the form described in paragraph 7.4.

(d)  If a Participant's Beneficiary dies before payment of the Participant's
     Deferred Benefits are complete, payments will continue to be made to the
     estate of the Beneficiary in accordance with the Participant's election
     pursuant to this paragraph 7.6.

7.7  Withholding; Payroll Taxes. To the extent required by the law in effect at
the time payments are made, the Employer shall withhold from payments made
hereunder any taxes required to be withheld from an employee's wages for the
federal or any state or local government.

7.8  Commencement of Payments. Unless otherwise provided, payments under this
Plan shall begin within 60 days following receipt of notice by the Plan
Administrator of an event which entitles a Participant (or a Beneficiary) to
payments under this Plan, or at such earlier date as may be determined by the
Company pursuant to the terms of the Plan. All payments shall be made as of the
first day of the month.

                                  ARTICLE VIII
                             BENEFICIARY DESIGNATION

8.1  Beneficiary Designation. Each Participant shall have the right, at any
time, to designate any person or persons as the Participant's Beneficiary or
Beneficiaries (both principal as well as contingent) to whom

                                       21
<PAGE>

payment under this Plan shall be paid in the event of the Participant's death
before complete distribution to the Participant of the benefits due the
Participant under the Plan.

8.2  Amendments. Any Beneficiary Designation may be changed by a Participant by
the written filing of such change on a form prescribed by the Company. The
filing of a new Beneficiary Designation form will cancel all Beneficiary
Designations previously filed.

8.3  No Beneficiary Designation. If a Participant fails to designate a
Beneficiary as provided above, or if all designated Beneficiaries predecease the
Participant, then the Participant's designated Beneficiary shall be deemed to be
the person or persons surviving the Participant in the first of the following
classes in which there is a survivor, share and share alike:

(a)  The surviving Spouse;

(b)  The Participant's children, except that if any of the children predecease
     the Participant but leave issue surviving, then such issue shall take by
     right of representation the share their parent would have taken if living;

(c)  The Participant's personal representative (executor or administrator).

8.4  Effect of Payment. The payment to the Beneficiary or the Beneficiary's
estate shall completely discharge the Employer's obligations relating to the
Participant under this Plan.

                                   ARTICLE IX
                        AMENDMENT AND TERMINATION OF PLAN

9.1  Amendment. The Board may at any time amend the Plan in whole or in part;
provided, however, that no amendment shall be effective to decrease or restrict
any Deferred Benefit Account at the time of such amendment.

9.2  Right to  Terminate.  The Board may at any time terminate the Plan with
respect to new elections to defer if, in its judgment, the continuance of the
Plan, the tax, accounting, or other effects thereof, or

                                       22
<PAGE>

potential payments thereunder would not be in the best interests of the Company.
The Board may also terminate the Plan in its entirety at any time, and upon any
such termination, each Participant (a) who is then receiving a Deferral Benefit
shall be paid in a lump sum, or over such period of time as determined by the
Company, the then remaining balance in the Participant's Deferred Benefit
Account, and (b) who has not received a Deferral Benefit shall be paid in a lump
sum, or over such period of time as determined by the Company, the balance in
the Participant's Deferred Benefit Account.

                                    ARTICLE X
                                  MISCELLANEOUS

10.1 Unsecured General Creditor. Participants and their Beneficiaries shall have
no legal or equitable rights, interest or claims in any property or assets of
the Employer, nor shall they be Beneficiaries of, or have any rights, claims or
interests in any life insurance policies, annuity contracts or the proceeds
therefrom owned or which may be acquired by the Employer ('Policies'). Such
Policies or other assets of the Employer shall not be held under any trust for
the benefit of Participants or their Beneficiaries or held in any way as
collateral security for the fulfilling of the obligations of the Employer under
this Plan. Any and all of the Employer's assets and Policies shall be, and
remain, the general, unpledged, unrestricted assets of the Employer. The
Employer's obligation under the Plan shall be merely that of an unfunded and
unsecured promise of the Employer to pay money in the future.

10.2 Nonassignability. Neither a Participant nor any other person shall have any
right to commute, sell, assign, transfer, pledge, anticipate, mortgage or
otherwise encumber, transfer, hypothecate or convey in advance of actual receipt
the amounts, if any, payable hereunder, or any part thereof, which are, and all
rights to which are, expressly declared to be unassignable and non-transferable.
No part of the amounts payable shall, before actual payment, be subject to
seizure or sequestration for the payment of any debts, judgments, alimony or
separate maintenance owed by a Participant or any other person, nor be
transferable by operation of law in the event of a Participant's or any other
person's bankruptcy or insolvency.

                                       23
<PAGE>

10.3 Not a Contract of Service. The terms and conditions of this Plan shall not
be deemed to constitute a contract of service between the Employer and the
Participant, and the Participant (or the Participant's Beneficiary) shall have
no rights against the Employer except as may otherwise be specifically provided
herein. Moreover, nothing in this Plan shall be deemed to give a Participant the
right to be retained in the service of the Employer or to interfere with the
right of the Employer to discipline or discharge the Participant at any time.

10.4 Protective Provisions. A Participant will cooperate with the Employer by
furnishing any and all information requested by the Employer, in order to
facilitate the payment of benefits hereunder, and by taking such physical
examinations as the Employer may deem necessary and taking such other action as
may be requested by the Employer.

10.5 Applicable Law. The Plan, and any Participation Agreement related thereto,
shall be governed by the laws of the State of Kansas, without regard to the
principles of conflicts of law.

10.6 Affiliated Entities. For purposes of this Plan, a Participant who becomes
employed by Global One (an "Affiliated Entity") shall not be considered to have
terminated employment with the Company or a subsidiary of the Company until the
Participant's employment is terminated with all Affiliated Entities without
becoming employed by the Company or its subsidiaries.

                                      24<PAGE>

                                                                  Exhibit(10)(j)

                    MANAGEMENT INCENTIVE STOCK OPTION PLAN

1.   Establishment and Purpose. Sprint Corporation, a Kansas corporation (the
     "Company"), hereby establishes a stock option plan to be named the
     Management Incentive Stock Option Plan (the "Plan") The purpose of the Plan
     is to permit employees of the Company and its subsidiaries who are eligible
     to receive annual incentive compensation to receive nonqualified stock
     options in lieu of a portion of the target incentive under the Company's
     management incentive plans ("MIPs"), thereby encouraging the employees to
     focus on the growth and profitability of the Company and the performance of
     its common stock. Subject to approval of the Company's stockholders, the
     Plan provides for options to be granted beginning March 15, 1995, and
     ending April 18, 2005. Stock options granted prior to or as of April 18,
     2005, may extend beyond that date.

2.   Administration. The Plan shall be administered by the Organization and
     Compensation Committee of the Board of Directors (the "Committee"). The
     Company shall grant options under the Plan in accordance with
     determinations made by the Committee pursuant to the provisions of the
     Plan. The Committee from time to time may adopt (and thereafter amend and
     rescind) such rules and regulations for carrying out the Plan and take such
     action in the administration of the Plan, not inconsistent with the
     provisions of the Plan, as it shall deem proper. The Committee may correct
     any defect, supply any omission or reconcile any inconsistency in the Plan,
     or in any option or restricted shares of common stock granted or issued
     pursuant to the Plan, in the manner and to the extent it shall deem
     desirable to effect the terms of the Plan. With respect to any option or
     restricted stock issued under the Plan, the Committee may determine when
     the option may become exercisable or the restrictions on restricted stock
     shall lapse, as the case may be, whenever, in the judgement of the
     committee, doing so would be in the best interest of the Corporation.
     The interpretation and construction of any provisions of the Plan by the
     Committee shall, unless otherwise determined by the Board of Directors of
     the Company, be final and conclusive. No member of the Board of Directors
     or the Committee shall be liable for any action or determination made in
     good faith with respect to the Plan or any option granted under it. The
     Corporate Secretary shall act as Plan Administrator carrying out the
     day-to-day administration of the Plan unless the Committee appoints another
     officer or employee of the Company as Plan Administrator.

3.   Eligibility.  The Committee will determine each year whether options will
     be granted in such year, whether participation will be elective or
     automatic, which class or classes of common stock will be subject to
     purchase by participants (which may different for different groups of
     employees) and the amount of incentive compensation to be given up for each
     stock option. Any salaried employee of the Company and its subsidiaries
     shall be eligible to be selected for participation in the MIPs. The
     Committee will, in its discretion, determine the employees who participate
     in the MIPs and, therefore, who will be eligible for
<PAGE>

     options, the dates on which options shall be granted, and any conditions on
     the exercise of the options.

     No option may be granted to any individual who immediately after the option
     grant owns directly or indirectly stock possessing more than five percent
     (5%) of the total combined voting power or value of all classes of stock of
     the Company or any subsidiary.

4.   Common Stock Subject to the Plan. The shares of any class of publicly
     traded common stock of the Company to be issued upon the exercise of a
     nonqualified option to purchase such common stock granted in lieu of MIP
     payout may be made available from the authorized but unissued common stock
     of the Company, shares of common stock held in the treasury, or common
     stock purchased on the open market or otherwise.

     Approval of the Plan by the Stockholders of the Company shall constitute
     authorization to use such shares for the Plan subject to the discretion of
     the Board or as such discretion may be delegated to the Committee.

     Subject to the provisions of the following paragraph, the total number of
     shares for which options may be granted under the Plan each year shall be
     0.9% of the total outstanding shares of each class of common stock of the
     Company (including, with respect to the PCS Stock, both Series 1 and Series
     2 PCS Stock) as of the first day of such year; provided, however, that such
     number shall be increased in any year by the number of shares available in
     previous years for which options have not been granted. If and when an
     option granted under the Plan is terminated without having been exercised
     in full, the unpurchased or forfeited shares shall become available for
     grant to other employees.

     The number and kind of shares subject to the Plan may be appropriately
     adjusted by the Committee in the circumstances outlined in Section 5(k).

5.   Stock Options; Terms and Conditions. Each option will represent the right
     to purchase a specific class and number of shares of common stock of the
     Company and shall be subject to the following terms and conditions and to
     such additional terms and conditions, not inconsistent with the terms of
     the Plan, as the Committee shall deem desirable:

     a.   Consideration for and Class and Number of Options. Each option shall
          be granted in lieu of a portion of the optionee's cash payout under
          the MIPs. The Committee shall determine the class and the number of
          shares or the manner of determining the class and number of shares
          available for each option each year, subject to the total number of
          shares available under the Plan for such year, and the amount or the
          method of determining the amount of annual incentive compensation to
          be given up by each participant in return for an option, taking into
          consideration appropriate factors in making such determinations, such
          as interest rates, volatility of the market price of the class of
          common stock of the Company and the term of the option, provided,
          however that shares subject to options granted to any individual
          employee during any calendar year shall not exceed a total

                                       2
<PAGE>

          of 1,000,000 shares of FON Stock (as defined in the Company's articles
          of incorporation) or 500,000 shares of Series 1 PCS Stock (as defined
          in the Company's articles of incorporation).

     b.   Participation in the Plan. Participation in the Plan may be voluntary
          or automatic, as determined by the Committee. The rules and procedures
          for voluntary participation, when applicable, shall be established and
          implemented by the Plan Administrator.

     c.   Exercise Price. The price at which each share covered by an option may
          be purchased shall be one hundred percent (100%) of the fair market
          value of the Company's common stock on the date the option is granted.
          Fair market value shall be deemed to be the average of the high and
          low prices of the Company's common stock for composite transactions as
          published by major newspapers for the date the option is granted or,
          if no sale of the Company's common stock shall have been made on that
          day, the next preceding day on which there was a sale of such stock.

     d.   Vesting. Unless the Committee determines otherwise, stock option
          grants shall provide: (i) with respect to options issued in lieu of
          annual management incentive compensation, that the total number of
          shares subject to an option shall become exercisable December 31 in
          the year of the date of grant and (ii) with respect to options issued
          in lieu of or as part of long-term incentive compensation ("LTIP
          Options") that the total number of shares subject to the option shall
          become exercisable in full on the third December 31 following the
          grant date. Unless the Committee provides otherwise, if the grantee of
          an LTIP Option terminates employment by reason of the grantee's death,
          total disability, or normal retirement (with respect to options
          outstanding at least 1 year on retirement), the LTIP Option shall
          become exercisable in full on the grantee's termination date. Unless
          the Committee provides otherwise, if the grantee of any other option
          terminates employment before the option becomes exercisable for any
          reason other than termination for good cause, the option shall be
          forfeited and any incentive compensation foregone to acquire the
          options shall be restored to the grantee as if an election to acquire
          options were not made.

     e.   Term of Option. Options shall not be exercisable after the expiration
          of ten (10) years from the date of grant.

     f.   Payment of Exercise Price. Options shall be exercisable only upon
          payment to the Company of the full purchase price of the shares with
          respect to which options are exercised. Payment for the shares shall
          be either in United States dollars, payable in cash or by check, or by
          surrender of stock certificates representing the same class of common
          stock of the Company having an aggregate fair market value, determined
          as of the date of exercise, equal to the number of shares with respect
          to which such options are exercised multiplied by the exercise price
          per share. The fair market value of common stock on

                                       3
<PAGE>

          the date of exercise of options shall be determined in the same manner
          as the fair market value of common stock on the date of grant of
          options is determined. Certain optionees may use restricted stock as
          payment for the exercise price in accordance with Section 6 hereof. In
          that event, fair market value of the shares of restricted stock will
          be determined as if the shares were not restricted. In lieu of the
          delivery of physical certificates, the optionee may deliver shares in
          payment of the exercise price by attesting, on a form established for
          such purpose by the Secretary, to the ownership, either outright or
          through ownership of a broker account, of a sufficient number of
          shares held for a period of at least six months to pay the exercise
          price. The attestation must be notarized and signed by the optionee's
          spouse if the spouse is a joint owner of the shares with respect to
          which such attestation is made and must be accompanied by such
          documentation as the Corporate Secretary may consider necessary to
          evidence actual ownership of such shares.

     g.   Manner of Exercise. A completed exercise form and the exercise price,
          whether in the form of cash or stock, must be delivered to the Plan
          Administrator in order to exercise an option. An option shall be
          deemed exercised on the date such exercise form and payment are
          received by the Plan Administrator.

     h.   Time for Exercise. Each option expires if it has not been exercised
          within its term. Once an option has expired for any reason, it can no
          longer be exercised. If the grantee's employment with the Company or a
          subsidiary of the Company is terminated, the optionee may exercise
          options that are exercisable on the date of termination of employment
          until the earlier of (1) the date on which the option expires and (2)
          the end of the applicable period below, beginning on the grantee's:

           (i)  retirement: five years after the grantee's retirement date.

          (ii)  disability (qualifying for long-term disability benefits under
                the Company's Basic Long-Term Disability Plan): five years after
                the grantee's qualification date.

          (iii) death: one year after the grantee's death for the estate or
                designated beneficiary to exercise the decedent's options.

          (iv)  involuntary termination other than for cause: the date on which
                the option expires.

          (v)   voluntary termination: three months from the grantee's date of
                termination of employment.

          If a grantee's employment is terminated for a reason constituting good
          cause, any outstanding options granted under the Plan shall
          automatically terminate. "Good cause" means conduct by the grantee
          that reflects adversely on the grantee's honesty, trustworthiness or

                                       4
<PAGE>

          fitness as an employee, or the grantee's willful engagement in conduct
          which is demonstrably and materially injurious to the Company.

          If a grantee becomes associated with, becomes employed by, renders
          services to, or owns any interest in (other than an insubstantial
          interest, as determined by the Committee) any business in competition
          with the Company, all outstanding options granted to the grantee
          whether vested or unvested shall automatically terminate and shares of
          restricted stock received upon the exercise of an option pursuant to
          Section 6 hereof that continue to be restricted shall be forfeited.
          For purposes of this Plan, an employee who becomes employed by certain
          non- subsidiary affiliates designated by the Committee (each, together
          with their subsidiaries, an "Affiliated Entity"), shall not, except
          with respect to incentive stock options, be considered to have
          terminated employment with the Company or a subsidiary of the Company
          until his employment is terminated with all Affiliated Entities
          without becoming re-employed by the Company or its subsidiaries.

     i.   Restricted Stock. Certain grantees may elect to deliver restricted
          shares or receive restricted shares in connection with an exercise of
          an option by the grantee, as provided in Section 6 hereof.

     j.   Beneficiary Designations. The grantee of an option may designate a
          beneficiary or beneficiaries to exercise unexpired options held by the
          grantee and to own shares issued upon any such exercise after the
          grantee's death without order of any probate court or otherwise. A
          beneficiary so designated may exercise an option upon presentation to
          the Company of evidence satisfactory to the Corporate Secretary of (1)
          the beneficiary's identity and (2) the death of the grantee. A grantee
          may change any beneficiary designation of options held by the grantee
          at anytime before his death but may not do so by testamentary
          designation in his will or otherwise. Beneficiary designations must be
          made in writing on a form provided by the Corporate Secretary.
          Beneficiary designations shall become effective on the date that the
          form, properly completed, signed and notarized, is received by the
          Secretary. Any designation of a beneficiary with respect to any option
          shall be deemed canceled upon the transfer of such option to a trust
          in accordance with the terms of the Plan.

     k.   Change in Stock, Adjustments. In the event of any merger,
          reorganization, consolidation, recapitalization, stock dividend, spin-
          off, or other change in the corporate structure affecting the shares,
          such adjustment shall be made in the aggregate number and class of
          shares that may be delivered under the Plan, in the number and class
          of shares that may be subject to an option granted to any individual
          in any year under the Plan, and in the number, class, and option price
          of shares subject to outstanding options granted under the Plan, as
          may be determined to be appropriate by the Committee, in its sole
          discretion, provided that the number of shares subject to any option
          shall always be a whole number.

                                       5
<PAGE>

     l.   Limitations on Transfer. Options may not be transferred, levied,
          garnished, executed upon, subjected to a security interest, or
          assigned to any person other than the grantee, except that the grantee
          may transfer an option to a trust of the kind described in Section
          6(b). Any such trust as transferee of an option may not (1) dispose of
          shares received in an exercise of such options until such shares are
          validly registered or exempt from registration under any applicable
          exemption from registration under the Securities Act of 1933, as
          amended, in the opinion of the Corporate Secretary or (2) while
          continuing to hold options issued under this plan, be amended to
          change beneficiaries to persons other than those permissible under
          Section 6(b). Documents evidencing the transfer of any option and the
          identity of the transferee shall be in such form as may be required by
          the Corporate Secretary.

6.   Restricted Stock. Certain grantees, as determined by the Committee, may
     elect to receive restricted shares upon payment for the exercise of an
     option in the form of unrestricted common stock. The grantee will receive
     the same number of unrestricted shares as the number of shares surrendered
     to pay the exercise price, while the shares received in excess of the
     number surrendered to pay the exercise price may be restricted. Such
     grantees may also elect to deliver restricted shares of the Company's
     common stock in payment of the exercise price notwithstanding restrictions
     on transferability to which such shares are subject. The Company shall be
     authorized to issue restricted shares of common stock upon such exercises
     of stock options, subject to the following conditions:

     a.   The grantee shall elect a vesting period for the restricted common
          stock to be received upon exercise of the option of between 6 months
          and 10 years, subject to rules and procedures established by the Plan
          Administrator, but in no event may a grantee elect a vesting period
          shorter than the period provided in paragraph (d) of this Section 6.
          At any time on or before the 13th calendar month preceding the date on
          which restrictions on shares of restricted stock would otherwise
          lapse, the grantee may elect to extend the vesting period on all but
          not a portion of such shares by six months or any multiple of six
          months.

     b.   The grantee who receives restricted stock may not sell, transfer,
          assign, pledge or otherwise encumber or dispose of shares of
          restricted stock until such time as all restrictions on such stock
          have lapsed except: (i) to the Company in payment of the exercise
          price of a stock option issued by the Company under any employee stock
          option plan adopted by the Company that provides for payment of the
          exercise price in the form of restricted stock, provided that such
          payment is made in accordance with the terms of such plan; or (ii) to
          a trust of which the grantee, the grantee's spouse, or descendants (by
          blood, adoption, or marriage) of the grantee are the primary
          beneficiaries and which is a grantor trust treated as owned by the
          grantee under Subchapter J of the Internal Revenue Code, upon the
          following terms:

          (A)  the Company receives, prior to such transfer, a true copy of the
               trust agreement and an opinion from grantee's counsel (1) that
               the trust will be treated as a grantor trust owned by the

                                       6
<PAGE>

               grantee under Subchapter J of the Internal Revenue Code at all
               times until the restrictions on such stock lapse or the stock is
               forfeited under the terms of its grant, (2) that the terms of the
               trust provide that upon the forfeiture of the restricted stock
               under the terms of its grant or the earlier termination of the
               trust for whatever reason, ownership of the restricted stock
               shall revert to the grantee or to the Company, (3) that the
               trustee of such trust may not, prior to the lapsing of
               restrictions on such stock, sell, transfer, assign, pledge, or
               otherwise encumber or dispose of shares of restricted stock
               except to the Company or to the grantee, subject to the
               restrictions provided for in this Plan, and (4) that, until the
               restrictions lapse, the trustee is not authorized to incur
               liabilities on behalf of the trust, other than to the
               beneficiaries of the trust; and

          (B)  the grantee and the trustee of the trust shall execute stock
               powers in blank to be held in the custody of the Company; and

          (C)  the Corporate Secretary of the Company may, in his discretion,
               enforce the foregoing transfer restrictions by maintaining
               physical custody of the certificate or certificates representing
               such shares of restricted stock, by placing a restrictive legend
               on such certificates, by requiring the grantee and the trustee to
               execute other documents as a pre-condition to such transfer, or
               otherwise.

     c.   A grantee who elects to receive restricted common stock upon an
          exercise shall have the right to satisfy tax withholding obligations
          in the manner provided in Section 8 hereof.

     d.   Restricted common stock received in such an exercise or from other
          plans of the Company may be used for payment of the exercise price of
          a stock option to purchase shares of the same class, so long as all
          the shares received as a result of such an exercise are restricted for
          a period at least as long as, and shall have other terms consistent
          with the terms of, the restricted common stock used in payment.

     e.   The shares of restricted common stock received in an exercise of a
          stock option that continue to be restricted shall be forfeited in the
          event that vesting conditions are not satisfied, subject to the
          discretion of the Committee, except in the case of death, disability,
          normal retirement, or involuntary termination for reasons other than
          for good cause, in which case all restrictions lapse; provided,
          however, that in no event shall restrictions lapse if the restrictions
          on shares used to pay for the exercise price pursuant to Section 6(d)
          would not have lapsed under the same conditions. If restricted shares
          are forfeited, the grantee or his representative shall sign any
          document and take any other action required to assign said restricted
          shares back to the Company.

                                       7
<PAGE>

     f.   The grantee will have all the rights of a stockholder with respect to
          shares of restricted stock received upon the exercise of an option,
          including the right to vote the shares of stock and the right to
          dividends on the stock. Unless the Plan Administrator establishes
          alternative procedures, the shares of restricted stock will be
          registered in the name of the grantee and the certificates evidencing
          such shares shall bear an appropriate legend referring to the terms,
          conditions and restrictions applicable to the award and shall be held
          in escrow by the Company. The grantee shall execute a stock power or
          powers assigning the shares of restricted stock back to the Company,
          which stock powers shall be held in escrow by the Company and used
          only in the event of the forfeiture of any of the shares of restricted
          stock. A certificate evidencing unrestricted shares of common stock
          shall be issued to the grantee promptly after the restrictions lapse
          on any restricted shares.

     g.   The Plan Administrator shall have the discretion and authority to
          establish any rules in connection with the use of restricted stock,
          including but not limited to regulating the timing of the lapse of
          restrictions within the six-month to ten-year period and prescribing
          election forms as the Plan Administrator deems necessary or desirable
          for the orderly administration of such exercises.

7.   Reload Options. The Committee may provide that optionees have the right to
     a reload option, which shall be subject to the following terms and
     conditions:

     a.   Grant of the Reload Option; Number of Shares; Price. Subject to
          subsections (b) and (c) of this Section 7 and to the availability of
          shares to be optioned under the Plan, if an optionee has an option to
          purchase shares of any class of common stock (the "original option")
          with reload rights and pays for the exercise of the original option by
          surrendering common stock of the same class, the optionee shall
          receive a new option ("reload option") to purchase the number and
          class of shares so surrendered (or, if applicable, the number of
          shares provided for in paragraph (h) of this Section 7) at an exercise
          price equal to the fair market value of the class of stock on the date
          of the exercise of the original option. If, in the judgment of the
          Company's Corporate Secretary, the number of shares available on the
          exercise of the original options falls below a number sufficient to
          provide for the grant of reload options and for other purposes under
          the Plan, the Company's Corporate Secretary may authorize the issuance
          of reload options from any other plan of the Company's under which
          sufficient shares are authorized but not issued.

     b.   Minimum Purchase Required. A reload option will be granted only if the
          exercise of the original option is an exercise of at least 25% of the
          total number of shares granted under the original option (or an
          exercise of all the shares remaining under the original option if less
          than 25% of the shares remain to be exercised).

     c.   Other Requirements. A reload option: (1) will not be granted if the
          market value of the common stock of the Company on the date of

                                       8
<PAGE>

          exercise of the original option is less than the exercise price of the
          original option; (2) will not be granted if the grantee is not, on the
          exercise date, an employee of Sprint or a Sprint subsidiary; (3) will
          not be granted if the original option is exercised less than one year
          before the expiration of the original option; and (4) with respect to
          options transferred by the grantee to another person in accordance
          with this Plan, reload options shall be granted to the grantee upon a
          stock-for-stock exercise by the optionee to the same extent as if the
          grantee had exercised the option in a similar manner.

     d.   Term of Option. The reload option shall expire on the same date as the
          original option.

     e.   Type of Option. The reload option shall be a nonqualified option to
          purchase shares of the same class of shares as the original option.

     f.   No Additional Reload Options. The reload options shall not include any
          right to a second reload option.

     g.   Date of Grant, Vesting. The date of grant of the reload option shall
          be the date of the exercise of the original option. The reload options
          shall be exercisable in full beginning one year from date of grant;
          provided, however, that all shares purchased upon the exercise of the
          original option (except for any shares withheld for tax withholding
          obligations) shall not be sold, transferred or pledged within six
          months from the date of exercise of the original option. The reload
          option shall become exercisable in full if the optionee terminates
          employment by reason of the grantee's death, disability, or normal
          retirement. In no event shall a reload option be exercised after the
          original option expires as provided in subsection (d) of this Section
          7.

     h.   Stock Withholding; Grants of Reload Options. If the other requirements
          of this Section 7 are satisfied, and if shares are withheld or shares
          surrendered for tax withholding, a reload option will be granted for
          the number of shares surrendered as payment for the exercise of the
          original option plus the number of shares surrendered or withheld to
          satisfy tax withholding. In connection with reload options for
          officers who are subject to Section 16 of the Securities Exchange Act
          of 1934, the Committee may at any time impose any limitations which,
          in the Committee's sole discretion, are necessary or desirable in
          order to comply with Section 16(b) of the Securities Exchange Act of
          1934 and the rules and regulations thereunder, or in order to obtain
          any exemption therefrom.

     i.   Other Terms and Conditions. Except as otherwise provided in this
          Section 7, all the provisions of the Plan shall apply to reload
          options.

8.   Stock Withholding Election. When taxes are withheld in connection with the
     exercise of a stock option by delivering shares of stock in payment of the
     exercise price, or upon the lapse of restrictions on restricted stock
     received upon the exercise of an option (the date on which such exercise
     occurs or such

                                       9
<PAGE>

     restrictions lapse hereinafter referred to as the "Tax Date"), the optionee
     may elect to make payment for the withholding of federal, state and local
     taxes, including Social Security and Medicare ("FICA") taxes, up to the
     optionee's marginal tax rate, by one or both of the following methods:

     (i)  delivering part or all of the payment in previously-owned shares of
          the same class (which shall be valued at fair market, as defined
          herein, on the Tax Date) which shares, if acquired from the Company,
          must have been held for at least six months;

     (ii) requesting the Company to withhold from those shares that would
          otherwise be received upon exercise of the option or upon the lapse of
          restrictions, a number of shares having a fair market value (as
          defined herein) on the Tax Date equal to the amount to be withheld.
          The amount of tax withholding to be satisfied by withholding shares
          from the option exercise is limited to the minimum amount of taxes,
          including FICA taxes, required to be withheld under federal, state and
          local law.

     Such election is irrevocable after the Tax Date. Any fractional share
     amount and any additional withholding not paid by the withholding or
     surrender of shares must be paid in cash. If no timely election is made,
     cash must be delivered to satisfy all tax withholding requirements.

     If the exercise of an option by an optionee other than the grantee after
     transfer of the option pursuant to this plan from the grantee to the
     optionee results in a withholding obligation on the part of the grantee,
     the grantee may elect to satisfy his withholding obligation by delivery of
     shares to the Company as permitted in clause (i) above.

9.   Acceleration on a Change in Control

     a.   With respect to any LTIP Option outstanding for at least one year or
          any restricted shares issued under the Plan other than pursuant to
          Section 6(d), the options shall (subject to the 280G limitations
          applicable under the 1990 Stock Option Plan) become exercisable in
          full and the restrictions shall lapse, as the case may be, upon a
          change in control of the Company.

     b.   For purposes of this Plan, a "change in control of the Company" shall
          be deemed to have occurred whenever a "Change in Control" occurs for
          purposes of the Company's 1990 Stock Option Plan, as amended from time
          to time.

10.  Miscellaneous.

     a.   Amendment. The Company reserves the right to amend the Plan at any
          time by action of the Board of Directors provided that no such
          amendment may materially and adversely affect any outstanding stock
          options without the consent of the optionee, and provided that,
          without

                                       10
<PAGE>

          the approval of the stockholders, no such amendment may increase the
          total number of shares reserved for the purposes of the Plan.

     b.   Effectiveness of Plan. This Plan shall be effective as of February 18,
          1995, subject to approval of Stockholders of the Company prior to
          February 18, 1996.

     c.   Rights in Securities. All certificates for shares delivered under the
          Plan shall be subject to such stock-transfer orders and other
          restrictions as the Committee may deem advisable under the rules,
          regulations, and other requirements of the Securities and Exchange
          Commission, any stock exchange upon which the shares are then listed,
          and any applicable federal or state securities law, and the Committee
          may cause a legend or legends to be put on any such certificates to
          make appropriate reference to such restrictions. No optionee or
          optionee's beneficiary, executor or administrator, legatees or
          distributees, as the case may be, will be, or will be deemed to be, a
          holder of any shares subject to an option unless and until a stock
          certificate or certificates for such shares are issued to such person
          or persons under the terms of the Plan. No adjustment shall be made
          for dividends (ordinary or extraordinary, whether in cash, securities
          or other property) or distributions or other rights for which the
          record date is prior to the date such stock certificate is issued,
          except as provided in Section 5(k) hereof.

     d.   Date of Grant. The grant of an option shall be effective no earlier
          than the date the Committee decides to grant the option, except that
          grants of reload options shall be effective as provided in Section
          7(g) hereof.

     e.   Application of Funds. The proceeds received by the Company from the
          sale of stock subject to option are to be added to the general funds
          of the Company and used for its corporate purposes.

     f.   No Obligation to Exercise Option. Granting of an option shall impose
          no obligation on the optionee to exercise such option.

                                       11

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