Sprint - Nextel 2011 Annual Report Download - page 158

ends in the second year following the fiscal year during which the Executive’s termination of employment occurs, 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; provided, further, that 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 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 31st of the year in which each such award is determined;
(iii) continue for the Payment Period participation in the Company’s group health 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, for which 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 Code Section 4980B 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 premium payment requirements, for which 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.
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