Document:

Incentive Program for Brian Husselbee

 Exhibit 10.1 
  

							
	

	 	 Law & Administration
 19975
Victor Parkway
 Livonia, MI 48152
 Tel
734.591.3000
	 	

				
		 	Date:	 	February 6, 2009	 	
				
		 	To:	 	Brian Husselbee	 	
				
		 	From:	 	Todd Wiseley	 	
			
		 	Re:	 	NCH Transaction – Revised Incentive Program

 As you know, the Valassis Board of Directors met in December and approved the potential sale of NCH Marketing
Services, Inc. and subsidiaries (the “Business”), and the engagement of an investment banker to assist with this process. In light of this potential transaction, the Board did not approve extensions of employment agreements or the granting
of stock options to NCH executives at this time. However, if Valassis withdraws this plan or is unable to find a suitable buyer, the Board agreed to consider employment agreement extensions and stock option grants for the appropriate NCH executives.

 Following is the revised proposed incentive structure for Mr. Husselbee related to a potential sale of the Business. The proposed incentive structure
includes a Success Fee and Severance Arrangement as outlined below: 
 Success Fee 
 The success fee will be payable by Valassis Communications, Inc. based on the criteria outlined in the table below. The success fee will only be payable to
Mr. Husselbee if the Business is sold to a strategic or private equity buyer without management participation. Management participation with respect to Mr. Husselbee shall be defined as equity participation in any form by
Mr. Husselbee in the purchase of the Business or material participation on behalf of the purchaser by Mr. Husselbee that is outside of the normal scope of cooperation, however, such definition shall exclude (1) the award of stock
options to Mr. Husselbee, or (2) Mr. Husselbee rolling his success fee into Newco, or (3) personal investment not to exceed $750,000 by Mr. Husselbee individually or collectively with certain other specified executives
(hereafter, “Management Participation”). In the event there is Management Participation by Mr. Husselbee, he will be ineligible for any success fee. Any success fee payable will be paid in cash within 30 days of the closing of the
transaction. Eligibility for the success fee will be contingent on Mr. Husselbee’s good faith participation and cooperation throughout the process of selling the Business. Mr. Husselbee will be deemed to be acting in bad faith or
without cooperation if there are two or more documented instances of non-cooperation during the process. Mr. Husselbee will have 24 hours to cure any claim of non-cooperation. The success fee amounts noted in the table below is based on a
multiple of Mr. Husselbee’s annual base salary immediately prior to the closing. 
  

																			
	 	  	Consideration of	 
	 	  	Up to $100 million	 	 	Between $100 million and
$115 million	 	 	Over $115 million	 
	 	  	Private
Equity
Buyer	 	 	Strategic
Buyer	 	 	Private
Equity
Buyer	 	 	Strategic
Buyer	 	 	Private
Equity
Buyer	 	 	Strategic
Buyer	 
	 Husselbee, Brian
	  	1.25	x	 	1.75	x	 	1.5	x	 	2.0	x	 	1.75	x	 	2.25	x

 In addition to the success fee opportunities outlined above, in the event the Business is sold, Valassis will seek
approval of the Compensation/Stock Option Committee to accelerate the vesting of options and restricted stock for Mr. Husselbee. Furthermore, the company will use its best efforts to allow Mr. Husselbee to participate in any equity plan
programs that impact his stock options/restricted stock per the terms of any such program. 

 Severance Arrangement 
 In addition to the success fee outlined above, Mr. Husselbee will be eligible for the severance payment as indicated in the event that either (1) any existing employment contract with Mr. Husselbee is not renewed by the buyer
contemporaneously with the closing or immediately post-close, or (2) Mr. Husselbee is not otherwise offered an employment or severance arrangement by the buyer within twelve months post-closing, or (3) any existing severance
obligation of the Business is not honored by the buyer; and Mr. Husselbee is actually terminated within twelve months of the closing other than “for cause”. The severance amount below is the only severance that
Mr. Husselbee will be eligible to receive in the circumstances outlined above and such amount will not be additive to any other severance benefits received in any form or from any party. 
 The severance payment noted below is based on the indicated multiple of Mr. Husselbee’s annual base salary immediately prior to the closing. Any severance
amount payable will be paid in a lump sum in cash within 30 days of the triggering event. Eligibility for any severance payment will be contingent on Mr. Husselbee’s good faith participation and cooperation throughout the process of
selling the Business. Mr. Husselbee will be deemed to be acting in bad faith or without cooperation if there are two or more documented instances of non-cooperation during the process. Mr. Husselbee will have 24 hours to cure any claim of
non-cooperation. 
  

				
	 	  	Severance
Payment	 
	 Husselbee, Brian
	  	1.0	x

 In addition to the severance payment noted above, Valassis will offer COBRA benefit continuation at
Valassis’s expense for a time period commensurate with the severance period outlined above for Mr. Husselbee. 
 Miscellaneous

 With respect to other requests by management of the Business: 
  

	 	•	 	 Valassis will not pay for legal fees for Mr. Husselbee associated with assessing this proposal or otherwise associated with the potential sale of the Business

  

	 	•	 	 Valassis will not pay for outplacement services for Mr. Husselbee. 

 European Subsidiaries 
 In the event that only the European subsidiaries of the Business are sold, the Success
Fee and Severance Arrangement structures shall be as follows. 
 The success fee will only be payable to Mr. Husselbee if the Business is sold without
Management Participation. In the event there is Management Participation by Mr. Husselbee, he will be ineligible for any success fee. 

 Any success fee payable will be paid in cash within 30 days of the closing of the transaction. Eligibility for the
success fee will be contingent on Mr. Husselbee’s good faith participation and cooperation throughout the process of selling the Business. Mr. Husselbee will be deemed to be acting in bad faith or without cooperation if there are two
or more documented instances of non-cooperation during the process. Mr. Husselbee will have 24 hours to cure any claim of non-cooperation. 
  

				
	 	  	Success
Fee
	 Husselbee, Brian
	  	$	125,000

 In addition to the success fee outlined above, Mr. Husselbee will be eligible for the severance payments as
indicated in the event that either (1) any existing employment contract with Mr. Husselbee is not renewed by the buyer contemporaneously with the closing or immediately post-close, or (2) Mr. Husselbee is not otherwise offered an
employment or severance arrangement by the buyer within twelve months post-closing, or (3) any existing severance obligation of the Business is not honored by the buyer; and Mr. Husselbee is actually terminated within twelve months
of the closing other than “for cause”. The severance amount is the only severance that Mr. Husselbee will be eligible to receive in the circumstances outlined above and such amount will not be additive to any other severance benefits
received in any form or from any party. 
 The severance payment noted below is based on the indicated multiple of Mr. Husselbee’s annual base
salary immediately prior to the closing. Any severance amount payable will be paid in a lump sum in cash within 30 days of the triggering event. Eligibility for any severance payment will be contingent on Mr. Husselbee’s good faith
participation and cooperation throughout the process of selling the Business. Mr. Husselbee will be deemed to be acting in bad faith or without cooperation if there are two or more documented instances of non-cooperation during the process.
Mr. Husselbee will have 24 hours to cure any claim of non-cooperation. 
  

				
	 	  	Severance
Payment	 
	 Husselbee, Brian
	  	1.0	xExhibit 10.1

 Exhibit 10.1 
 AMENDED AND RESTATED EMPLOYMENT AGREEMENT 
 THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this
“Agreement”) is made and entered into as of December 31, 2008 and amends and restates the Employment Agreement (the “Original Employment Agreement”) originally entered into on October 10, 2008 as of November 3,
2008 (the “Effective Date”), by and between Sprint Nextel Corporation, a Kansas corporation (the “Company”) on behalf of itself and any of its subsidiaries, affiliates and related entities, and Charles L. Hall (the
“Executive”) (the Company and the Executive, collectively, the “Parties,” and each, a “Party”). Certain capitalized terms are defined in Section 29. 
 WITNESSETH: 
 WHEREAS, the Executive serves as Senior Vice President –
Finance and the Executive desires to continue such employment; and 
 WHEREAS, the Executive and the Company desire to amend and restate the
Original Employment Agreement, as provided herein. 
 NOW, THEREFORE, in consideration of the premises and of the covenants and agreements
set forth herein and for other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the Company and the Executive amend and restate the Original Employment Agreement as follows: 
 1. Employment. 
 (a) The Company will
employ the Executive and the Executive will be employed by the Company upon the terms and conditions set forth herein. 
 (b) The employment
relationship between the Company and the Executive shall be governed by the general employment policies and practices of the Company, including without limitation, those relating to the Company’s Code of Conduct, confidential information and
avoidance of conflicts, except that when the terms of this Agreement differ from or are in conflict with the Company’s general employment policies or practices, this Agreement shall control. 
 2. Term. Subject to termination under Section 9, the Executive’s employment shall be for an initial term of 24 months commencing on the
Effective Date and shall continue through the second anniversary of the Effective Date (the “Initial Employment Term”). At the end of the Initial Employment Term and on each succeeding anniversary of the Effective Date, the Employment Term
will be automatically extended by an additional 12 months (each, a “Renewal Term”), unless, not less than 12 months prior to the end of the Initial Employment Term or any Renewal Term, either the Executive or the Company has given the
other written notice (in accordance with Section 20) of nonrenewal. The Executive shall provide the Company with written notice of his intent to terminate employment with the Company at least 30 days prior to the effective date of such
termination. 

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

(b) During the Employment Term, the Executive shall, except as may from time to time be otherwise agreed to in writing by the Company, during
reasonable vacations (as set forth in Section 7 hereof) and authorized leave and except as may from time to time otherwise be permitted pursuant to Section 3(c), devote his best efforts, full attention and energies during his normal
working time to the business of the Company, any duties as may be delineated in the Company’s Bylaws for the Executive’s position and title and such other related duties and responsibilities as may from time to time be reasonably
prescribed by the Board, any committee or person designated by the Board, or the Chief Executive Officer, in each case, within the framework of the Company’s policies and objectives. 
 (c) During the Employment Term, and provided that such activities do not contravene the provisions of Section 3(a) or (b) or Sections 10, 11,
12 or 13 hereof and, provided further, the Executive does not engage in any other substantial business activity for gain, profit or other pecuniary advantage which materially interferes with the performance of his duties hereunder, the
Executive may participate in any governmental, educational, charitable or other community affairs and, subject to the prior approval of the Chief Executive Officer, serve as a member of the governing board of any such organization or any private or
public for-profit company. The Executive may retain all fees and other compensation from any such service, and the Company shall not reduce his compensation by the amount of such fees. 
 4. Compensation. 
 (a) Base
Salary. During the Employment Term, the Company shall pay to the Executive an annual base salary of $375,000 (the “Base Salary”), which Base Salary shall be payable at the times and in the manner consistent with the Company’s
general policies regarding compensation of the Company’s senior executives. The Base Salary will be reviewed periodically by the Chief Executive Officer and may be increased (but not decreased, except for across-the-board reductions generally
applicable to the Company’s senior executives) from time to time in the Chief Executive Officer’s sole discretion. 
 (b)
Incentive Compensation. The Executive will continue to be eligible to participate in any short-term and long-term incentive compensation plans, annual bonus plans and such other management incentive programs or arrangements of the Company
approved by the Board that are generally available to the Company’s senior executives, including, but not limited to, the STIP and the LTSIP. Incentive compensation shall be paid in accordance with the terms and conditions of the applicable
plans, programs and arrangements. 
  

 Hall Employment Agreement 
  

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 (i) Annual Performance Bonus. During the Employment Term, the Executive shall
continue to be entitled to participate in the STIP, with such opportunities as may be determined by the Chief Executive Officer in his sole discretion (“Target Bonuses”), and as may be increased (but not decreased, except for
across-the-board reductions generally applicable to the Company’s senior executives) from time to time, and the Executive shall be entitled to receive full payment of any award under the STIP, determined pursuant to the STIP (a “Bonus
Award”). 
 (ii) Long-Term Performance Bonus. During the Employment Term, the Executive shall continue to be
entitled to participate in the LTSIP with such opportunities, if any, as may be determined by the Chief Executive Officer (“LTSIP Target Award Opportunities”). 
 (iii) Incentive bonuses, if earned, shall be paid when incentive compensation is customarily paid to the Company’s senior executives
in accordance with the terms of the applicable plans, programs or arrangements. 
 (iv) Pursuant to the Company’s
applicable incentive or bonus plans as in effect from time to time, the Executive’s incentive compensation during the term of this Agreement may be determined according to criteria intended to qualify as performance-based compensation under
Section 162(m) of the Code. 
 (c) Equity Compensation. The Executive shall continue to be eligible to participate in such equity
incentive compensation plans and programs as the Company generally provides to its senior executives, including, but not limited to, the LTSIP. During the Employment Term, the Compensation Committee may, in its sole discretion, grant equity awards
to the Executive, which would be subject to the terms of the respective award agreements evidencing such grants and the applicable plan or program. 
 (i) The Compensation Committee hereby authorizes the grant to the Executive, as of the Effective Date, of an option right (the “Sign-On Option Award”) to purchase 20,408 shares of Sprint Nextel common stock
at an option price equal to the Market Value Per Share on the Effective Date. The Sign-On Option Award will be subject to the terms and conditions of the option agreement attached hereto as Exhibit A. Subject to the terms and conditions of the
option agreement, the Sign-On Option Award shall vest on the third anniversary of the Date of Grant. Except as otherwise provided in the Executive’s award agreement evidencing the Sign-On Option Award, the Sign-On Option Award will be governed
by provisions of the LTSIP. 
 5. Benefits. 
 (a) During the Employment Term, the Company shall make available to the Executive, subject to the terms and conditions of the applicable plans, participation for the 

  

 Hall Employment Agreement 
  

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Executive and his eligible dependents in: (i) Company-sponsored group health, major medical, dental, vision, pension and profit sharing, 401(k) and
employee welfare benefit plans, programs and arrangements (the “Employee Plans”) and such other usual and customary benefits in which senior executives of the Company participate from time to time, and (ii) such fringe benefits and
perquisites as may be made available to senior executives of the Company as a group. 
 (b) The Executive acknowledges that the Company may
change its benefit programs from time to time, which may result in certain benefit programs being amended or terminated for its senior executives generally. 
 6. Expenses. The Company shall pay or reimburse the Executive for reasonable and necessary business expenses incurred by the Executive in connection with his duties on behalf of the Company in accordance with
the Company’s Enterprise Financial Services—Employee Travel and Expense Policy, as may be amended from time to time, or any successor policy, plan program or arrangement thereto and any other of its expense policies applicable to senior
executives of the Company, following submission by the Executive of reimbursement expense forms in a form consistent with such expense policies. 
 7. Vacation. In addition to such holidays, sick leave, personal leave and other paid leave as is allowed under the Company’s policies applicable to senior executives generally, the Executive shall be entitled to participate in
the Company’s vacation policy in accordance with the Company’s policy generally applicable to senior executives. Notwithstanding the foregoing, however, the Executive shall be entitled to five days of vacation for the remainder of 2008.
The duration of such vacations and the time or times when they shall be taken will be determined by the Executive in consultation with the Company. 
 8. Place of Performance. In connection with his employment by the Company, the Executive shall be based at the principal executive offices of the Company in the vicinity of Overland Park, Kansas (the “Place of
Performance”), except for travel reasonably required for Company business. The Executive will relocate the Executive’s residence to the area surrounding the Executive’s Place of Performance, in accordance with the Company’s
relocation policy applicable to senior executives (“Relocation Policy”). If the Company relocates the Executive’s place of work more than 50 miles from his place of work prior to such relocation, the Executive shall relocate to a
residence within (a) 50 miles of such relocated place of work or (b) such total miles that does not exceed the total number of miles the Executive commuted to his place of work prior to relocation of the Executive’s place of work. To
the extent the Executive relocates his residence as provided in this Section 8, the Company will pay or reimburse the Executive’s relocation expenses in accordance with the Company’s Relocation Policy. 
 9. Termination. 
 (a) Termination
by the Company for Cause or Resignation by the Executive Without Good Reason. If, during the Employment Term, the Executive’s employment is terminated by the Company for Cause, or if the Executive resigns without Good Reason, the Executive
shall not be eligible to receive Base Salary or to participate in any Employee Plans with respect to future periods after the date of such termination or resignation except for the right to receive accrued but unpaid cash compensation and vested
benefits under any Employee Plan in accordance with the terms of such Employee Plan and applicable law. 
  

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 (b) Termination by the Company Without Cause or Resignation by the Executive for Good Reason outside
of the CIC Severance Protection Period. If, during the Employment Term, the Executive’s employment is terminated by the Company without Cause or the Executive terminates for Good Reason prior to or following expiration of the CIC Severance
Protection Period and such termination constitutes a Separation from Service or the Executive is entitled to severance compensation and benefits under this Section 9(b) pursuant to the provisions of Section 9(c), the Executive shall be
entitled to receive from the Company: (1) the Executive’s accrued, but unpaid, Base Salary through the date of termination of employment, payable in accordance with the Company’s normal payroll practices, and (2) conditioned upon
the Executive executing a Release within the Release Consideration Period and delivering it to the Company with the Release Revocation Period expired without revocation, and in full satisfaction of the Executive’s rights and any benefits the
Executive might be entitled to under the Separation Plan and this Agreement, unless otherwise specified herein: 
 (i)
periodic payments equal to his Base Salary in effect prior to the termination of his employment, which payments shall be paid to the Executive in equal installments on the regular payroll dates under the Company’s payroll practices applicable
to the Executive on the date of this Agreement for the Payment Period, except that if the Executive is a Specified Employee, with respect to any amount payable by reason of the Separation from Service that constitutes deferred compensation within
the meaning of Code Section 409A, such installments shall not commence until after the end of the six continuous month period following the date of the Executive’s Separation from Service, in which case, the Executive shall be paid a
lump-sum cash payment equal to the aggregate amount of missed installments during such period on the first day of the seventh month following the date of the Executive’s Separation from Service; 
 (ii) (A) receive a pro rata payment of the Bonus Award for the portion of the Company’s current fiscal year prior to the date of
termination of his employment; (B) receive a pro rata payment of the Capped Bonus Award for the portion of the Company’s current fiscal year following the date of termination of his employment; (C) receive for the next fiscal year
following the fiscal year during which termination of his employment occurs, the Capped Bonus Award, or if his Payment Period ends during such fiscal year, a pro rata portion of the Capped Bonus Award; and (D) if his Payment Period ends in the
second year following the fiscal year during which the Executive’s employment terminates, receive payment of a pro rata portion of the Capped Bonus Award for such fiscal year; provided, however, that to the extent the
Executive’s employment is terminated for Good Reason due to a reduction of the Executive’s Target Bonus, in accordance with Section 29(x)(ii), the Executive’s Target Bonus for the purposes of this Section 9(b)(ii) shall be
the Executive’s Target Bonus immediately prior to such reduction. Any pro rata payment shall be determined based on the methodology for determining pro rated awards under the STIP, and each such payment shall be payable in accordance with the
provisions of the STIP 

  

 Hall Employment Agreement 
  

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in the calendar year in which the Bonus Award or each Capped Bonus Award, as applicable, is determined, and in all events, not later than December 31
st of the year in which each such award is determined; 
 (iii) continue from the date of Separation from Service participation in the Company’s group health plans at then-existing participation and coverage levels for the number of months equal to the period of
continuation coverage the Executive would be entitled to pursuant to Section 4980B of the Code, in accordance with Section 409A of the Code, comparable to the terms in effect from time to time for the Company’s senior executives,
including any co-payment and premium payment requirements and the Company shall deduct from each payment payable to the Executive pursuant to Section 9(b)(i), the amount of any employee contributions necessary to maintain such coverage for such
period, except that (A) following such period, the Executive shall retain any rights to continue coverage under the Company’s group health plans under the benefits continuation provisions pursuant to Section 4980B of the Code by
paying the applicable premiums of such plans; and (B) the Executive shall no longer be eligible to receive the benefits otherwise receivable pursuant to this Section 9(b)(iii) as of the date that the Executive becomes eligible to receive
comparable benefits from a new employer; 
 (iv) continue for the Payment Period participation in the Company’s employee
life insurance plans at then-existing participation and coverage levels, comparable to the terms in effect from time to time for the Company’s senior executives, including any co-payment and premium payment requirements and the Company shall
deduct from each payment payable to the Executive pursuant to Section 9(b)(i), the amount of any employee contributions necessary to maintain such coverage for such period, except that the Executive shall no longer be eligible to receive the
benefits otherwise receivable pursuant to this Section 9(b)(iv) as of the date that the Executive becomes eligible to receive comparable benefits from a new employer; and 
 (v) receive outplacement services by a firm selected by the Company at its expense
in an amount not to exceed $35,000; provided, however, that all such outplacement services must be completed, and all payments by the Company must be made, by December 31st
 of the second calendar year following the calendar year in which the Executive’s Separation from Service occurs. 
 Notwithstanding anything in this Section 9(b) to the contrary, to the extent the Executive has not executed the Release within the Release Consideration Period and delivered it to the Company, or has revoked the executed Release within
the Release Revocation Period, as determined at the end of such Release Revocation Period, the Executive will forfeit any right to receive the payments and benefits specified in this Section 9(b). 
 (c) Termination by the Company Without Cause or Resignation by the Executive for Good Reason During the CIC Severance Protection Period. Subject
to (i)-(iv) below, if the Executive’s employment is terminated by the Company without Cause, or the 

  

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Executive terminates employment for Good Reason, before the Employment Term expires and during the CIC Severance Protection Period, and the termination
constitutes a Separation from Service, subject to the terms of the CIC Severance Plan, the Executive will become entitled to severance compensation and benefits under the CIC Severance Plan as of (x) the date the Separation from Service occurs,
or (y) in the event of a Pre-CIC Termination, the date the Change in Control occurs, as of which date all rights to severance benefits under this Agreement will cease. 
 (i) The CIC Severance Plan will not apply and the Executive will be entitled to severance compensation and benefits under
Section 9(b) of this Agreement if (x) as of his Separation from Service, the Executive is not a Participant in, or (y) the Executive is otherwise not entitled to severance compensation and benefits under, the CIC Severance Plan.

 (ii) If the Executive is entitled to severance benefits under the CIC Severance Plan as a result of a Pre-CIC Termination,
any benefits payable before the Change in Control will be paid under this Agreement and any additional benefits payable after the Change in Control will be paid under the CIC Severance Plan. 
 (iii) In no event may there be duplication of benefits under this Agreement and the CIC Severance Plan. 
 (iv) The terms “Change in Control” and “Pre-CIC Termination” are defined in the CIC Severance Plan. 
 (d) Termination by Death. If the Executive dies during the Employment Term, the Executive’s employment will terminate and the
Executive’s beneficiary or, if none, the Executive’s estate, shall be entitled to receive from the Company the Executive’s accrued, but unpaid, Base Salary through the date of termination of employment and any vested benefits under
any Employee Plan in accordance with the terms of such Employee Plan and applicable law. 
 (e) Termination by Disability. If the
Executive becomes Disabled, prior to the expiration of the Employment Term, the Executive’s employment will terminate and, provided that such termination constitutes a Separation from Service, the Executive shall be entitled to: 
 (i) receive from the Company periodic payments equal to his Base Salary in effect prior to the termination of his employment, which
payments shall be paid to the Executive in equal installments on the regular payroll dates under the Company’s payroll practices applicable to the Executive on the date of this Agreement for 12 months (reduced by any amounts paid under a
long-term disability plan (“LTD Plan”) now or hereafter sponsored by the Company (calculated on a monthly basis)) commencing on the Separation from Service date; provided, however, that in the event that the Executive is a
Specified Employee, with respect to any amount payable by reason of the Separation from Service that constitutes deferred compensation within the meaning of Code 

  

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Section 409A, such installments shall not commence until the earlier to occur of (A) the first business day of the seventh month following the date
of the Executive’s Separation from Service or (B) death, except that on the first day of the seventh month following the date of the Executive’s Separation from Service (or the Executive’s death, if earlier), the Executive shall
be paid a lump-sum cash payment equal to the aggregate amount of any such payments that constitutes deferred compensation within the meaning of Code Section 409A that the Executive would have been entitled to receive during such period
following the Executive’s Separation from Service; and 
 (ii) continue participation in the Company’s group health
plans at then-existing participation and coverage levels for 12 months (measured from the Executive’s Separation from Service), comparable to the terms in effect from time to time for the Company’s senior executives, including any
co-payment and premium payment requirements. 
 (f) No Mitigation Obligation. No amounts paid under Section 9 will be reduced by
any earnings that the Executive may receive from any other source. The Executive’s coverage under the Company’s medical, dental, vision and employee life insurance plans will terminate as of the date that the Executive is eligible for
comparable benefits from a new employer. The Executive shall notify the Company within 30 days after becoming eligible for coverage of any such benefits. 
 (g) Forfeiture. Notwithstanding the foregoing, any right of the Executive to receive termination payments and benefits hereunder shall be forfeited to the extent of any amounts payable after any breach of
Section 10, 11, 12, 13 or 15 by the Executive. 
 10. Confidential Information; Statements to Third Parties. 
 (a) During the Employment Term and on a permanent basis upon and following termination of the Executive’s employment, the Executive acknowledges
that: 
 (i) all information, whether or not reduced to writing (or in a form from which information can be obtained,
translated, or derived into reasonably usable form) or maintained in the mind or memory of the Executive and whether compiled or created by the Company, any of its Subsidiaries or any affiliates of the Company or its Subsidiaries (collectively, the
“Company Group”), which derives independent economic value from not being readily known to or ascertainable by proper means by others who can obtain economic value from the disclosure or use of such information, of a proprietary, private,
secret or confidential (including, without exception, inventions, products, processes, methods, techniques, formulas, compositions, compounds, projects, developments, sales strategies, plans, research data, clinical data, financial data, personnel
data, computer programs, customer and supplier lists, trademarks, service marks, copyrights (whether registered or unregistered), artwork, and contacts at or knowledge of customers or prospective customers) nature concerning the Company Group’s
business, business relationships or financial affairs (collectively, “Proprietary Information”) shall be the exclusive property of the Company Group. 
  

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 (ii) the Proprietary Information of the Company Group gained by the Executive during the
Executive’s association with the Company Group was or will be developed by and/or for the Company Group through substantial expenditure of time, effort and money and constitutes valuable and unique property of the Company Group; 
 (iii) reasonable efforts have been put forth by the Company Group to maintain the secrecy of its Proprietary Information; 
 (iv) such Proprietary Information is and will remain the sole property of the Company Group; and 
 (v) any retention or use by the Executive of Proprietary Information after the termination of the Executive’s services for the
Company Group will constitute a misappropriation of the Company Group’s Proprietary Information. 
 (b) The Executive further
acknowledges and agrees that he will take all affirmative steps reasonably necessary or required by the Company to protect the Proprietary Information from inappropriate disclosure during and after his employment with the Company. 
 (c) The Executive further agrees that all files, letters, memoranda, reports, records, data, sketches, drawings, laboratory notebooks, program listings,
or other written, photographic, electronic, or other tangible material containing or constituting Proprietary Information, whether created by the Executive or others, which shall come into his custody or possession, regardless of medium, shall be
and are the exclusive property of the Company to be used by him/her only in the performance of his duties for the Company. All such materials or copies thereof and all tangible things and other property of the Company Group in the Executive’s
custody or possession shall be delivered to the Company (to the extent the Executive has not already returned) in good condition, on or before five business days subsequent to the earlier of: (i) a request by the Company or (ii) the
Executive’s termination of employment for any reason or Cause, including for nonrenewal of this Agreement, Disability, termination by the Company or termination by the Executive. After such delivery, the Executive shall not retain any such
materials or portions or copies thereof or any such tangible things and other property and shall execute any statements or affirmations of compliance under oath that the Company may require. 
 (d) The Executive further agrees that his obligation not to disclose or to use information and materials of the types set forth in Sections 10(a), 10(b)
and 10(c) above, and his obligation to return materials and tangible property, set forth in Section 10(c) above, also extends to such types of information, materials and tangible property of customers of the Company Group, consultants for the
Company Group, suppliers to the Company Group, or other third parties who may have disclosed or entrusted the same to the Company Group or to the Executive. 
  

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 (e) The Executive further acknowledges and agrees that he will continue to keep in strict confidence, and
will not, directly or indirectly, at any time, disclose, furnish, disseminate, make available, use or suffer to be used in any manner any Proprietary Information of the Company Group without limitation as to when or how the Executive may have
acquired such Proprietary Information and that he will not disclose any Proprietary Information to any person or entity other than appropriate employees of the Company or use the same for any purposes (other than in the performance of his duties as
an employee of the Company) without written approval of the Board, either during or after his employment with the Company. 
 (f) Further the
Executive acknowledges that his obligation of confidentiality will survive, regardless of any other breach of this Agreement or any other agreement, by any party hereto, until and unless such Proprietary Information of the Company Group has become,
through no fault of the Executive, generally known to the public. In the event that the Executive is required by law, regulation, or court order to disclose any of the Company Group’s Proprietary Information, the Executive will promptly notify
the Company prior to making any such disclosure to facilitate the Company seeking a protective order or other appropriate remedy from the proper authority. The Executive further agrees to cooperate with the Company in seeking such order or other
remedy and that, if the Company is not successful in precluding the requesting legal body from requiring the disclosure of the Proprietary Information, the Executive will furnish only that portion of the Proprietary Information that is legally
required, and the Executive will exercise all legal efforts to obtain reliable assurances that confidential treatment will be accorded to the Proprietary Information. 
 (g) The Executive’s obligations under this Section 10 are in addition to, and not in limitation of, all other obligations of confidentiality under the Company’s policies, general legal or equitable
principles or statutes. 
 (h) During the Employment Term and following his termination of employment: 
 (i) the Executive shall not, directly or indirectly, make or cause to be made any statements, including but not limited to, comments in
books or printed media, to any third parties criticizing or disparaging the Company Group or commenting on the character or business reputation of the Company Group. Without the prior written consent of the Board, unless otherwise required by law,
the Executive shall not (A) publicly comment in a manner adverse to the Company Group concerning the status, plans or prospects of the business of the Company Group or (B) publicly comment in a manner adverse to the Company Group
concerning the status, plans or prospects of any existing, threatened or potential claims or litigation involving the Company Group; 
 (ii) the Company shall comply with its policies regarding public statements with respect to the Executive and any such statements shall be deemed to be made by the Company only if made or authorized by a member of the
Board or a senior executive officer of the Company; and 
  

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 (iii) nothing herein precludes honest and good faith reporting by the Executive to
appropriate Company or legal enforcement authorities. 
 (i) The Executive acknowledges and agrees that a violation of the foregoing
provisions of this Section 10 would cause irreparable harm to the Company Group, and that the Company’s remedy at law for any such violation would be inadequate. In recognition of the foregoing, the Executive agrees that, in addition to
any other relief afforded by law or this Agreement, including damages sustained by a breach of this Agreement and any forfeitures under Section 9(g), and without the necessity or proof of actual damages, the Company shall have the right to
enforce this Agreement by specific remedies, which shall include, among other things, temporary and permanent injunctions, it being the understanding of the undersigned parties hereto that damages, the forfeitures described above and injunctions
shall all be proper modes of relief and are not to be considered as alternative remedies. 
 11. Non-Competition. In consideration of
the Company entering into this Agreement, for a period commencing on the Effective Date and ending on the expiration of the Restricted Period: 
 (a) The Executive covenants and agrees that the Executive will not, directly or indirectly, engage in any activities on behalf of or have an interest in any Competitor of the Company Group, whether as an owner, investor, executive, manager,
employee, independent consultant, contractor, advisor, or otherwise. The Executive’s ownership of less than one percent (1%) of any class of stock in a publicly traded corporation shall not be a breach of this paragraph. 
 (b) A “Competitor” is any entity doing business directly or indirectly (e.g., as an owner, investor, provider of capital or otherwise) in the
United States including any territory of the United States (the “Territory”) that provides products and/or services that are the same or similar to the products and/or services that are currently being provided at the time of
Executive’s termination or that were provided by the Company Group during the two-year period prior to the Executive’s separation from service with the Company Group. 
 (c) The Executive acknowledges and agrees that due to the continually evolving nature of the Company Group’s industry, the scope of its business
and/or the identities of Competitors may change over time. The Executive further acknowledges and agrees that the Company Group markets its products and services on a nationwide basis, encompassing the Territory and that the restrictions imposed by
this covenant, including the geographic scope, are reasonably necessary to protect the Company Group’s legitimate interests. 
 (d) The
Executive covenants and agrees that should a court at any time determine that any restriction or limitation in this Section 11 is unreasonable or unenforceable, it will be deemed amended so as to provide the maximum protection to the Company
Group and be deemed reasonable and enforceable by the court. 
 12. Non-Solicitation. In consideration of the Company entering into
this Agreement, for a period commencing on the Effective Date and ending on the expiration of the Restricted Period, the Executive hereby covenants and agrees that he shall not, directly or indirectly, individually or on behalf of any other person
or entity do or suffer any of the following: 
 (a) hire or employ or assist in hiring or employing any person who was at any time during the
last 18 months of the Executive’s employment an employee, representative or agent of any member of the Company Group or solicit, aid, induce or attempt to solicit, aid, induce or persuade, directly or indirectly, any person who is an employee,
representative, or agent of any member of the Company Group to leave his or her employment with any member of the Company Group to accept employment with any other person or entity; 
  

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 (b) induce any person who is an employee, officer or agent of the Company Group, or any of its
affiliated, related or subsidiary entities to terminate such relationship; 
 (c) solicit any customer of the Company Group, or any person or
entity whose business the Company Group had solicited during the 180-day period prior to termination of the Executive’s employment for purposes of business which is competitive to the Company Group within the Territory; or 
 (d) solicit, aid, induce, persuade or attempt to solicit, aid, induce or persuade any person or entity to take any action that would result in a Change
in Control of the Company or to seek to control the Board in a material manner. 
 (e) For purposes of this Section 12, the term
“solicit or persuade” includes, but is not limited to, (i) initiating communications with an employee of the Company Group relating to possible employment, (ii) offering bonuses or additional compensation to encourage an employee
of the Company Group to terminate his employment, (iii) referring employees of the Company Group to personnel or agents employed by competitors, suppliers or customers of the Company Group, and (iv) initiating communications with any
person or entity relating to a possible Change in Control. 
 13. Developments. 
 (a) The Executive acknowledges and agrees that he will make full and prompt disclosure to the Company of all inventions, improvements, discoveries,
methods, developments, software, mask works, and works of authorship, whether patentable or copyrightable or not, (i) which relate to the Company’s business and have heretofore been created, made, conceived or reduced to practice by the
Executive or under his direction or jointly with others, and not assigned to prior employers, or (ii) which have utility in or relate to the Company’s business and are created, made, conceived or reduced to practice by the Executive or
under his direction or jointly with others during his employment with the Company, whether or not during normal working hours or on the premises of the Company (all of the foregoing of which are collectively referred to in this Agreement as
“Developments”). 
 (b) The Executive further agrees to assign and does hereby assign to the Company (or any person or entity
designated by the Company) all of the Executive’s rights, title and interest worldwide in and to all Developments and all related patents, patent applications, copyrights and copyright applications, and any other applications for registration
of a proprietary right. This Section 13(b) shall not apply to Developments that the Executive developed entirely on his own time without using the Company’s equipment, supplies, facilities, or Proprietary 

  

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Information and that does not, at the time of conception or reduction to practice, have utility in or relate to the Company’s business, or actual or
demonstrably anticipated research or development. The Executive understands that, to the extent this Agreement shall be construed in accordance with the laws of any Territory which precludes a requirement in an employee agreement to assign certain
classes of inventions made by an employee, this Section 13(b) shall be interpreted not to apply to any invention which a court rules or the Company agrees falls within such classes. 
 (c) The Executive further agrees to cooperate fully with the Company, both during and after his employment with the Company, with respect to the
procurement, maintenance and enforcement of copyrights, patents and other intellectual property rights (both in the United States and other countries) relating to Developments. The Executive shall not be required to incur or pay any costs or
expenses in connection with the rendering of such cooperation. The Executive will sign all papers, including, without limitation, copyright applications, patent applications, declarations, oaths, formal assignments, assignments of priority rights,
and powers of attorney, and do all things that the Company may reasonably deem necessary or desirable in order to protect its rights and interests in any Development. 
 (d) The Executive further acknowledges and agrees that if the Company is unable, after reasonable effort, to secure the Executive’s signature on any such papers, any executive officer of the Company shall be
entitled to execute any such papers as the Executive’s agent and attorney-in-fact, and the Executive hereby irrevocably designates and appoints each executive officer of the Company as his agent and attorney-in-fact to execute any such papers
on the Executive’s behalf, and to take any and all actions as the Company may deem necessary or desirable in order to protect its rights and interests in any Development, under the conditions described in this sentence. 
 14. Remedies. The Executive and the Company agree that the covenants contained in Sections 10, 11, 12 and 13 are reasonable under the
circumstances, and further agree that if in the opinion of any court of competent jurisdiction any such covenant is not reasonable in any respect, such court will have the right, power and authority to sever or modify any provision or provisions of
such covenants as to the court will appear not reasonable and to enforce the remainder of the covenants as so amended. The Executive acknowledges and agrees that the remedy at law available to the Company for breach of any of the Executive’s
obligations under Sections 10, 11, 12 and 13 would be inadequate and that damages flowing from such a breach may not readily be susceptible to being measured in monetary terms. Accordingly, the Executive acknowledges, consents and agrees that, in
addition to any other rights or remedies that the Company may have at law, in equity or under this Agreement, upon adequate proof of the Executive’s violation of any such provision of this Agreement, the Company will be entitled to immediate
injunctive relief and may obtain a temporary order restraining any threatened or further breach, without the necessity of proof of actual damage. Without limiting the applicability of this Section 14 or in any way affecting the right of the
Company to seek equitable remedies hereunder, in the event that the Executive breaches any of the provisions of Sections 10, 11, 12 or 13 or engages in any activity that would constitute a breach save for the Executive’s action being in a state
where any of the provisions of Sections 10, 11, 12, 13 or this Section 14 is not enforceable as a matter of law, then the Company’s obligation to pay any remaining severance compensation and benefits that has not already been paid to
Executive 

  

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pursuant to Section 9 shall be terminated and within ten days of notice of such termination of payment, the Executive shall return all severance
compensation and the value of such benefits, or profits derived or received from such benefits. 
 15. Continued Availability and
Cooperation. 
 (a) Following termination of the Executive’s employment, the Executive shall cooperate fully with the Company and
with the Company’s counsel in connection with any present and future actual or threatened litigation, administrative proceeding or investigation involving the Company that relates to events, occurrences or conduct occurring (or claimed to have
occurred) during the period of the Executive’s employment by the Company. Cooperation will include, but is not limited to: 
 (i) making himself reasonably available for interviews and discussions with the Company’s counsel as well as for depositions and trial testimony; 
 (ii) if depositions or trial testimony are to occur, making himself reasonably available and cooperating in the preparation therefore, as
and to the extent that the Company or the Company’s counsel reasonably requests; 
 (iii) refraining from impeding in any
way the Company’s prosecution or defense of such litigation or administrative proceeding; and 
 (iv) cooperating fully
in the development and presentation of the Company’s prosecution or defense of such litigation or administrative proceeding. 
 (b) The
Company will reimburse the Executive for reasonable travel, lodging, telephone and similar expenses, as well as reasonable attorneys’ fees (if independent legal counsel is necessary), incurred in connection with any cooperation, consultation
and advice rendered under this Agreement after the Executive’s termination of employment. 
 16. Dispute Resolution. 

(a) In the event that the Parties are unable to resolve any controversy or claim arising out of or in connection with this Agreement or breach thereof,
either Party shall refer the dispute to binding arbitration, which shall be the exclusive forum for resolving such claims. Such arbitration will be administered by Judicial Arbitration and Mediation Services, Inc. (“JAMS”) pursuant to its
Employment Arbitration Rules and Procedures and governed by Kansas law. The arbitration shall be conducted by a single arbitrator selected by the Parties according to the rules of JAMS. In the event that the Parties fail to agree on the selection of
the arbitrator within 30 days after either Party’s request for arbitration, the arbitrator will be chosen by JAMS. The arbitration proceeding shall commence on a mutually agreeable date within 90 days after the request for arbitration, unless
otherwise agreed by the Parties, and in the location where the Executive worked during the six months immediately prior to the request for arbitration if that location is in Kansas or Virginia, and if not, the location will be Kansas, unless the
Parties agree otherwise. 
  

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 (b) The Parties agree that each will bear their own costs and attorneys’ fees. The arbitrator shall
not have authority to award attorneys’ fees or costs to any Party. 
 (c) The arbitrator shall have no power or authority to make awards
or orders granting relief that would not be available to a Party in a court of law. The arbitrator’s award is limited by and must comply with this Agreement and applicable federal, state, and local laws. The decision of the arbitrator shall be
final and binding on the Parties. 
 (d) Notwithstanding the foregoing, no claim or controversy for injunctive or equitable relief
contemplated by or allowed under applicable law pursuant to Sections 10, 11, 12 and 13 of this Agreement will be subject to arbitration under this Section 16, but will instead be subject to determination in a court of competent jurisdiction in
Kansas, which court shall apply Kansas law consistent with Section 21 of this Agreement, where either Party may seek injunctive or equitable relief. 
 17. Other Agreements. No agreements (other than the agreements evidencing any grants of equity awards) or representations, oral or otherwise, express or implied, with respect to the subject matter hereof have
been made by either party which are not expressly set forth in this Agreement. Each party to this Agreement acknowledges that no representations, inducements, promises, or other agreements, orally or otherwise, have been made by any party, or anyone
acting on behalf of any party, pertaining to the subject matter hereof, which are not embodied herein, and that no prior and/or contemporaneous agreement, statement or promise pertaining to the subject matter hereof that is not contained in this
Agreement shall be valid or binding on either party. 
 18. Withholding of Taxes. The Company will withhold from any amounts payable
under this Agreement all federal, state, city or other taxes as the Company is required to withhold pursuant to any law or government regulation or ruling. 
 19. Successors and Binding Agreement. 
 (a) The Company will require any successor (whether direct or
indirect, by purchase, merger, consolidation, reorganization or otherwise) to all or substantially all of the business or assets of the Company expressly to assume and agree to perform this Agreement in the same manner and to the same extent the
Company would be required to perform if no such succession had taken place. This Agreement will be binding upon and inure to the benefit of the Company and any successor to the Company, including without limitation any persons acquiring directly or
indirectly all or substantially all of the business or assets of the Company whether by purchase, merger, consolidation, reorganization or otherwise (and such successor shall thereafter be deemed the “Company” for the purposes of this
Agreement), but will not otherwise be assignable, transferable or delegable by the Company, except that the Company may assign and transfer this Agreement and delegate its duties thereunder to a wholly owned Subsidiary. 
 (b) This Agreement will inure to the benefit of and be enforceable by the Executive’s personal or legal representatives, executors, administrators,
successors, heirs, distributees and legatees. 
  

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 (c) This Agreement is personal in nature and neither of the parties hereto shall, without the consent of
the other, assign, transfer or delegate this Agreement or any rights or obligations hereunder except as expressly provided in Sections 19(a) and 19(b). Without limiting the generality or effect of the foregoing, the Executive’s right to receive
payments hereunder will not be assignable, transferable or delegable, whether by pledge, creation of a security interest, or otherwise, other than by a transfer by the Executive’s will or by the laws of descent and distribution and, in the
event of any attempted assignment or transfer contrary to this Section 19(c), the Company shall have no liability to pay any amount so attempted to be assigned, transferred or delegated. 
 20. Notices. All communications, including without limitation notices, consents, requests or approvals, required or permitted to be given
hereunder will be in writing and will be duly given when hand delivered or dispatched by electronic facsimile transmission (with receipt thereof confirmed), or five business days after having been mailed by United States registered or certified
mail, return receipt requested, postage prepaid, or three business days after having been sent by a nationally recognized overnight courier service such as Federal Express or UPS, addressed to the Company (to the attention of the General Counsel of
the Company) at its principal executive offices and to the Executive at his principal residence, or to such other address as any party may have furnished to the other in writing and in accordance herewith, except that notices of changes of address
shall be effective only upon receipt. 
 21. Governing Law and Choice of Forum. 
 (a) This Agreement will be construed and enforced according to the laws of the State of Kansas, without giving effect to the conflict of laws principles
thereof. 
 (b) To the extent not otherwise provided for by Section 16 of this Agreement, the Executive and the Company consent to the
jurisdiction of all state and federal courts located in Overland Park, Johnson County, Kansas, as well as to the jurisdiction of all courts of which an appeal may be taken from such courts, for the purpose of any suit, action, or other proceeding
arising out of, or in connection with, this Agreement or that otherwise arise out of the employment relationship. Each party hereby expressly waives any and all rights to bring any suit, action, or other proceeding in or before any court or tribunal
other than the courts described above and covenants that it shall not seek in any manner to resolve any dispute other than as set forth in this paragraph. Further, the Executive and the Company hereby expressly waive any and all objections either
may have to venue, including, without limitation, the inconvenience of such forum, in any of such courts. In addition, each of the parties consents to the service of process by personal service or any manner in which notices may be delivered
hereunder in accordance with this Agreement. 
 22. Validity/Severability. If any provision of this Agreement or the application of
any provision is held invalid, unenforceable or otherwise illegal, the remainder of this Agreement and the application of such provision will not be affected, and the provision so held to be invalid, unenforceable or otherwise illegal will be
reformed to the extent (and only to the extent) necessary to make it enforceable, valid or legal. To the extent any provisions held to be invalid, unenforceable or otherwise illegal cannot be reformed, such provisions are to be stricken herefrom and
the remainder of this Agreement will be binding on the parties and their successors and assigns as if such invalid or illegal provisions were never included in this Agreement from the first instance. 
  

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 23. Survival of Provisions. Notwithstanding any other provision of this Agreement, the
parties’ respective rights and obligations under Sections 10, 11, 12, 13, 14, 15, 16, 18, 22 and 26 will survive any termination or expiration of this Agreement or the termination of the Executive’s employment. 
 24. Representations and Acknowledgements. 
 (a) The Executive hereby represents that he is not subject to any restriction of any nature whatsoever on his ability to enter into this Agreement or to perform his duties and responsibilities hereunder, including, but not limited to, any
covenant not to compete with any former employer, any covenant not to disclose or use any non-public information acquired during the course of any former employment or any covenant not to solicit any customer of any former employer. 
 (b) The Executive hereby represents that, except as he has disclosed in writing to the Company, he is not bound by the terms of any agreement with any
previous employer or other party to refrain from using or disclosing any trade secret or confidential or proprietary information in the course of the Executive’s employment with the Company or to refrain from competing, directly or indirectly,
with the business of such previous employer or any other party. 
 (c) The Executive further represents that, to the best of his knowledge,
his performance of all the terms of this Agreement and as an employee of the Company does not and will not breach any agreement with another party, including without limitation any agreement to keep in confidence proprietary information, knowledge
or data the Executive acquired in confidence or in trust prior to his employment with the Company, and that he will not knowingly disclose to the Company or induce the Company to use any confidential or proprietary information or material belonging
to any previous employer or others. 
 (d) The Executive acknowledges that he will not be entitled to any consideration or reimbursement of
legal fees in connection with execution of this Agreement. 
 (e) The Executive hereby represents and agrees that, during the Restricted
Period, if the Executive is offered employment or the opportunity to enter into any business activity, whether as owner, investor, executive, manager, employee, independent consultant, contractor, advisor or otherwise, the Executive will inform the
offeror of the existence of Sections 10, 11, 12 and 13 of this Agreement and provide the offeror a copy thereof. The Executive authorizes the Company to provide a copy of the relevant provisions of this Agreement to any of the persons or entities
described in this Section 24(e) and to make such persons aware of the Executive’s obligations under this Agreement. 
 25.
Compliance with Code Section 409A. With respect to reimbursements or in-kind benefits provided under this Agreement: (a) the Company will not provide for cash in lieu of a right to reimbursement or in-kind benefits to which the
Executive has a right under this Agreement, (b) any reimbursement or provision of in-kind benefits made during the Executive’s lifetime (or such shorter period prescribed by a specific provision of this Agreement) shall be 

  

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made not later than December 31st of the year
following the year in which the Executive incurs the expense, and (c) in no event will the amount of expenses so reimbursed, or in-kind benefits provided, by the Company in one year affect the amount of expenses eligible for reimbursement, or
in-kind benefits to be provided, in any other taxable year. Each payment, reimbursement or in-kind benefit made pursuant to the provisions of this Agreement shall be regarded as a separate payment and not one of a series of payments for purposes of
Code Section 409A. It is intended that any amounts payable under this Agreement and the Company’s and the Executive’s exercise of authority or discretion hereunder shall comply with the provisions of Section 409A of the Code and
the treasury regulations relating thereto so as not to subject the Executive to the payment of the additional tax, interest and any tax penalty which may be imposed under Code Section 409A. In furtherance of this interest, to the extent that
any provision hereof would result in the Executive being subject to payment of the additional tax, interest and tax penalty under Code Section 409A, the parties agree to amend this Agreement in order to bring this Agreement into compliance with
Code Section 409A; and thereafter interpret its provisions in a manner that complies with Section 409A of the Code. Reference to Section 409A of the Code is to Section 409A of the Internal Revenue Code of 1986, as amended, and
will also include any proposed, temporary or final regulations, or any other guidance, promulgated with respect to such Section by the U.S. Department of Treasury or the Internal Revenue Service. Notwithstanding the foregoing, no particular tax
result for the Executive with respect to any income recognized by the Executive in connection with the Agreement is guaranteed, and the Executive shall be responsible for any taxes, penalties and interest imposed on him under or as a result of
Section 409A of the Code in connection with the Agreement. 
 26. Amendment; Waiver. Except as otherwise provided herein, his
Agreement may not be modified, amended or waived in any manner except by an instrument in writing signed by both Parties hereto. No waiver by either Party at any time of any breach by the other Party hereto or compliance with any condition or
provision of this Agreement to be performed by such other Party will be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. 
 27. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which
together will constitute one and the same agreement. 
 28. Headings. Unless otherwise noted, the headings of sections herein are
included solely for convenience of reference and shall not control the meaning or interpretation of any of the provisions of this Agreement. 
 29. Defined Terms. 
 (a) “Agreement” has the meaning set forth in the preamble. 
 (b) “Base Salary” has the meaning set forth in Section 4(a). 
 (c) “Board” has the meaning set forth in Section 3(a). 
 (d) “Bonus Award” has the meaning set forth in Section 4(b)(i). 
  

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 (e) “Bylaws” means the Amended and Restated Sprint Nextel Corporation Bylaws, as may be amended
from time to time. 
 (f) “Capped Bonus Award” shall mean the lesser of the annual Target Bonus or actual performance for such
fiscal year in accordance with the then existing terms of the STIP, which shall not be payable until the Compensation Committee has determined that any incentive targets have been achieved and the subsequent designated payout date has arrived.

 (g) “Cause” shall mean: 
 (i) any act or omission constituting a material breach by the Executive of any provisions of this Agreement 
 (ii) the willful failure by the Executive to perform his duties hereunder (other than any such failure resulting from the Executive’s Disability), after demand for performance is delivered by the Company that
identifies the manner in which the Company believes the Executive has not performed his duties, if, within 30 days of such demand, the Executive fails to cure any such failure capable of being cured; 
 (iii) any intentional act or misconduct materially injurious to the Company or any Subsidiary, financial or otherwise, or including, but
not limited to, misappropriation, fraud including with respect to the Company’s accounting and financial statements, embezzlement or conversion by the Executive of the Company’s or any of its Subsidiary’s property in connection with
the Executive’s duties or in the course of the Executive’s employment with the Company; 
 (iv) the conviction (or
plea of no contest) of the Executive for any felony or the indictment of the Executive for any felony including, but not limited to, any felony involving fraud, moral turpitude, embezzlement or theft in connection with the Executive’s duties or
in the course of the Executive’s employment with the Company; 
 (v) the commission of any intentional or knowing
violation of any antifraud provision of the federal or state securities laws; 
 (vi) the Board reasonably believes in its
good faith judgment that the Executive has committed any of the acts referred to in this Section 29(g)(v); 
 (vii) there
is a final, non-appealable order in a proceeding before a court of competent jurisdiction or a final order in an administrative proceeding finding that the Executive committed any willful misconduct or criminal activity (excluding minor traffic
violations or other minor offenses) which commission is materially inimical to the interests of the Company or any Subsidiary, whether for his personal benefit or in connection with his duties for the Company or any Subsidiary; 
  

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

(ix) current illegal use of drugs; or 
 (x) violation of the Company’s Code of Conduct, with written notice of termination by the Company for Cause in each case provided under this Section 29(g). 
 For purposes of this Agreement, no act or failure to act on the part of the Executive shall be deemed “intentional” if it was due primarily to
an error in judgment or negligence, but shall be deemed “intentional” only if done or omitted to be done by the Executive not in good faith and without reasonable belief that the Executive’s action or omission was in the best interest
of the Company. 
 (h) “Change in Control” has the meaning set forth in the CIC Severance Plan. 
 (i) “Chief Executive Officer” has the meaning set forth in Section 3(a). 
 (j) “CIC Severance Plan” means the Company’s Change in Control Severance Plan, as may be amended from time to time, or any successor plan,
program or arrangement thereto. 
 (k) “CIC Severance Protection Period” has the meaning set forth in the CIC Severance Plan.

 (l) “Certificate of Incorporation” means the Amended and Restated Articles of Incorporation of Sprint Nextel Corporation, as may
be amended from time to time. 
 (m) “Code” means the Internal Revenue Code of 1986, as amended from time to time, including any
rules and regulations promulgated thereunder, along with Treasury and IRS Interpretations thereof. Reference to any section or subsection of the Code includes reference to any comparable or succeeding provisions of any legislation that amends,
supplements or replaces such section or subsection. 
 (n) “Company” has the meaning set forth in the preamble. 
 (o) “Company Group” has the meaning set forth in Section 10(a)(i). 
 (p) “Compensation Committee” means the Human Capital and Compensation Committee of the Board. 
 (q) “Competitor” has the meaning set forth in Section 11(b). 
 (r) “Developments” has the meaning set forth in Section 13(a). 
  

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 (s) “Disability” or “Disabled” shall mean: 
 (i) the Executive’s incapacity due to physical or mental illness to substantially perform his duties and the essential functions of
his position, with or without reasonable accommodation, on a full-time basis for six months as determined by the Board in its reasonable discretion, and within 30 days after a notice of termination is thereafter given by the Company, the Executive
shall not have returned to the full-time performance of the Executive’s duties; and, further, 
 (ii) the Executive
becomes eligible to receive benefits under the LTD Plan; 
 provided, however, if the Executive shall not agree with a determination to
terminate his employment because of Disability, the question of the Executive’s disability shall be subject to the certification of a qualified medical doctor agreed to by the Company and the Executive. The costs of such qualified medical
doctor shall be paid for by the Company. 
 (t) “Effective Date” has the meaning set forth in the preamble. 
 (u) “Employee Plans” has the meaning set forth in Section 5(a). 
 (v) “Employment Term” means the Initial Employment Term and any Renewal Term. 
 (w) “Executive” has the meaning set forth in the preamble. 
 (x) “Good Reason” means the occurrence of any of the following without the Executive’s written consent, unless within 30 days of the Executive’s written notice of termination of employment for Good
Reason, the Company cures any such occurrence: 
 (i) the Company’s material breach of this Agreement; 
 (ii) a material reduction in the Executive’s Base Salary (that is not agreed to by the Executive), as compared to the corresponding
circumstances in place on the Effective Date as may be increased pursuant to Section 4, except for across-the-board reductions generally applicable to all senior executives; or 
 (iii) relocation of the Executive’s principal place of work more than 50 miles without the Executive’s consent. 
 Any occurrence of Good Reason shall be deemed to be waived by the Executive unless the Executive provides the Company written notice of termination of employment for
Good Reason within 60 days of the event giving rise to Good Reason. 
 (y) “Initial Employment Term” has the meaning set forth in
Section 2. 
 (z) “JAMS” has the meaning set forth in Section 16. 
 (aa) “LTD Plan” has the meaning set forth in Section 9(e). 
  

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 (bb) “LTSIP” means the Company’s 2007 Omnibus Incentive Plan, effective May 8, 2007
as may be amended from time to time, or any successor plan, program or arrangement thereto. 
 (cc) “LTSIP Target Award
Opportunities” has the meaning set forth in Section 4(b)(ii). 
 (dd) “Participant” has the meaning set forth in the CIC
Severance Plan. 
 (ee) “Parties” has the meaning set forth in the preamble. 
 (ff) “Party” has the meaning set forth in the preamble. 
 (gg) “Payment Period” means the period of 18 continuous months measured from the Executive’s Separation from Service. 
 (hh) “Place of Performance” has the meaning set forth in Section 8. 
 (ii) “Proprietary
Information” has the meaning set forth in Section 10(a)(i). 
 (jj) “Release” means a release of claims in a form
provided to the Executive by the Company in connection with the payment of benefits under this Agreement. 
 (kk) “Release Consideration
Period” means the period of time pursuant to the terms of the Release afforded the Executive to consider whether to sign it. 
 (ll)
“Release Revocation Period” means the period pursuant to the terms of an executed Release in which it may be revoked by the Executive. 
 (mm) “Renewal Term” has the meaning set forth in Section 2. 
 (nn) “Restricted Period” means the 18-month
period following the Executive’s date of termination of employment with the Company for any reason or Cause, including for nonrenewal of this Agreement, Disability, termination by the Company or termination by the Executive. 
 (oo) “Separation from Service” means “separation from service” from the Company and its subsidiaries as described under Code
Section 409A and the guidance and Treasury regulations issued thereunder. Separation from Service will occur on the date on which the Executive’s level of services to the Company decreases to 21 percent or less of the average level of
services performed by the Executive over the immediately preceding 36-month period (or if providing services for less than 36 months, such lesser period) after taking into account any services that the Executive provided prior to such date or that
the Company and the Executive reasonably anticipate the Executive may provide (whether as an employee or as an independent contractor) after such date. For purposes of the determination of whether Executive has had a Separation from Service, the
term “Company” shall mean the Company and any affiliate with which the Company would be considered a single employer under Code Section 414(b) or 414(c), provided that in applying Code Sections 1563(a)(1), (2), and (3) for
purposes of 

  

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determining a controlled group of corporations under Code Section 414(b), the language “at least 50 percent” is used instead of “at least
80 percent” each place it appears in Code Sections 1563(a)(1), (2) and (3), and in applying Treasury Regulation Section 1.414(c)-2 for purposes of determining trades or businesses (whether or not incorporated) that are under common
control for purposes of Code Section 414(c), “at least 50 percent” is used instead of “at least 80 percent” each place it appears in Treasury Regulation Section 1.414(c)-2. In addition, where the use of such definition
of “Company” for purposes of determining a Separation from Service is based upon legitimate business criteria, in applying Code Sections 1563(a)(1), (2), and (3) for purposes of determining a controlled group of corporations under
Code Section 414(b), the language “at least 20 percent” is used instead of “at least 80 percent” at each place it appears in Code Sections 1563(a)(1), (2) and (3), and in applying Treasury Regulation
Section 1.414(c)-2 for purposes of determining trades or businesses (whether or not incorporated) that are under common control for purposes of Code Section 414(c), “at least 20 percent” is used instead of “at least 80
percent” at each place it appears in Treasury Regulation Section 1.414(c)-2. 
 (pp) “Separation Plan” means the
Company’s Separation Plan Amended and Restated Effective August 13, 2006, as may be amended from time to time or any successor plan, program, arrangement or agreement thereto. 
 (qq) “Specified Employee” shall mean an Executive who is a “specified employee” for purposes of Code Section 409A, as
administratively determined by the board in accordance with the guidance and Treasury regulations issued under Code Section 409A. 
 (rr) “STIP” means the Company’s short-term incentive plan under Section 8 of the Company’s 2007 Omnibus Incentive Plan, effective May 8, 2007, as may be amended from time to time, or any successor plan, program
or arrangement thereto. 
 (ss) “Subsidiary” shall mean any entity, corporation, partnership (general or limited), limited
liability company, entity, firm, business organization, enterprise, association or joint venture in which the Company directly or indirectly controls ten percent (10%) or more of the voting interest. Notwithstanding the foregoing, for purposes
of Section 3(a), “Subsidiary” shall mean any affiliate with which the Company would be considered a single employer as described in the definition of Separation from Service. 
 (tt) “Target Bonuses” has the meaning set forth in Section 4(b)(i). 
 (uu) “Territory” has the meaning set forth in Section 11(b). 
 Signature Page Follows 
  

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

			
	SPRINT NEXTEL CORPORATION
		
	By:	 	 /s/ Sandra J. Price

		 	Sandra J. Price
	
	 /s/ Charles L. Hall

	Charles L. Hall

  

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 EXHIBIT A 
 Stock Option Award Agreement 
 Sign-On Award 
 Throughout this Award Agreement we sometimes refer to Sprint Nextel Corporation and its subsidiaries as “we” or “us.” 
 1. Award of Option Right 
 The Human Capital and Compensation Committee (the “Compensation
Committee”) of the Board of Directors of Sprint Nextel granted you an Option Right as of the Effective Date under your Employment Agreement (the “Date of Grant”) to purchase from us 20,408 shares of Series 1 common stock, par value
$2.00 per share of Sprint Nextel (the “Common Stock”) at an Option Price of $4.00 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 on the third anniversary of the Date of Grant, conditioned upon you continuously serving as our employee through that vesting date. 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
			
	Termination Without Cause or Resignation with Good Reason	  	If you are involuntary terminated without Cause or you resign for Good Reason under circumstances that you receive severance benefits under Section 9(b) of your Employment Agreement	  	The date of your involuntary termination (i.e., last day worked)

  

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 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 

  

	 	•	 	 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. 
 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 Date of Grant (the “Expiration Date”). If the tenth anniversary of the Date of Grant, 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 Date of Grant.

 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. 
  

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	 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
		
	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 on your Termination Date

		
	Involuntary termination (not for Cause) during the CIC Severance Protection Period *	  	 May exercise up to:
  
 •   90 days after your Termination Date, or
  
 •   60 months after your Termination
Date if you are eligible for Early 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. 
  

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 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. A copy of the Plan will
be furnished upon request. “Cause” and “Good Reason” have the meanings set forth in your Employment Agreement. 
 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. 
 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. 
  

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 14. Entire Agreement 
 This Award Agreement contains the entire understanding of the parties. This Award Agreement may not be modified or amended except in writing duly signed by the parties, except that we may adopt a modification or
amendment to the Award Agreement that is not materially adverse to you. Any waiver or any right or failure to perform under this Award Agreement must be in writing signed by the party granting the waiver and will not be deemed a waiver of any
subsequent failure to perform. 
  

					
	Sprint Nextel Corporation
			
		 	By:	 	 /s/ Sandra J. Price

		 		 	Sandra J. Price
			
		 		 	 /s/ Charles L. Hall

		 		 	Charles L. Hall

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

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 29

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