Sprint - Nextel 2011 Annual Report Download - page 235

"Gross Misconduct" occurs if the Committee determines that the Participant has engaged in a willful, deliberate, or gross
act of commission or omission which is injurious to the finances or reputation of the Company or any Subsidiary or other affiliate.
"Involuntary Termination without Cause" means a Participant’s termination of employment from the Company and all
Subsidiaries, if involuntary and not for reasons of Gross Misconduct, including but not limited to, termination due to a job
elimination pursuant to a reduction-in-force.
"Normal Retirement Date" means the first day of the calendar month coincident with or next following the 65th birthday o
f
the Participant.
"Participant" means an Employee who has satisfied the requirements of Section 3.1 for participation in the Plan or a
former Employee entitled to benefits hereunder.
"Plan" means the Sprint Supplemental Executive Retirement Plan, as set forth herein and as amended from time to time.
"Plan Administrator" means the plan administrator appointed by the Committee under Section 9.1.
"Qualified Pension Plan" means the Sprint Retirement Pension Plan.
“Separation from Service” means “termination of employment” or “separation from service” as defined under Section
409A of the Code. However, Separation from Service will occur when a Participant’s level of services drops to 21 percent or less
of the average level of service provided by the Participant over the immediately preceding 36 month period (or if providing
services for less than 36 months, such lesser period.) If a Participant’s status changes from an Employee to an independent
contractor (other than as a member of the Board), or from an independent contractor (other than as a member of the board) to
an Employee, the determination of the date of Separation from Service will take into account the services provided in both
capacities.
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