SEC Contract Filing

Filing Date: 2017-08-03

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>sprintcorpjune-2017ex101.htm
<DESCRIPTION>EMPLOYMENT AGREEMENT WITH YURIKO ISHIHARA DATED APRIL 13, 2017
<TEXT>
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 <title>Exhibit</title>
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<div><a name="sc6f60b8da7204f83803bd14d83e8e7ce"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Exhibit 10.1</font></div><div style="line-height:120%;text-align:center;padding-left:202px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">EMPLOYMENT AGREEMENT</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:8px;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">THIS EMPLOYMENT AGREEMENT (this &#8220;Agreement&#8221;) is made and entered into as of April 13, 2017 (the &#8220;Effective Date&#8221;), by and between Sprint Corporation, a Delaware corporation (the &#8220;Company&#8221;) on behalf of itself and any of its subsidiaries, affiliates and related entities, and </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Yuriko Ishihara </font><font style="font-family:inherit;font-size:11pt;">(the &#8220;Executive&#8221;) (the Company and the Executive, collectively, the &#8220;Parties,&#8221; and each, a &#8220;Party&#8221;). Certain capitalized terms are defined in Section 29.</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:center;padding-left:264px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">WITNESSETH</font><font style="font-family:inherit;font-size:11pt;">:</font></div><div style="line-height:120%;text-align:left;padding-left:54px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">WHEREAS, the Company desires to employ the Executive as Chief Strategy Officer; and </font></div><div style="line-height:120%;text-align:left;padding-left:54px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:56px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">WHEREAS, the Executive and the Company desire to enter into this Agreement. </font></div><div style="line-height:120%;text-align:left;padding-left:56px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:56px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">NOW, THEREFORE, in consideration of the premises and of the covenants and </font></div><div style="line-height:120%;text-align:left;padding-left:56px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">agreements set forth herein and for other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the Company and the Executive agree as follows:</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:56px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">1.&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Employment</font><font style="font-family:inherit;font-size:11pt;">.</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:56px;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">(a)&#160;&#160;&#160;&#160;The Company will employ the Executive and the Executive will be employed by the Company upon the terms and conditions set forth herein.</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:56px;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">(b)&#160;&#160;&#160;&#160;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&#8217;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&#8217;s general employment policies or practices, this Agreement shall control.</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:56px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">2.&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Term</font><font style="font-family:inherit;font-size:11pt;">. Subject to termination under Section 9, the Executive&#8217;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 &#8220;Initial Employment Term&#8221;). At the end of the Initial Employment Term and on each succeeding anniversary o