Sprint - Nextel 2011 Annual Report Download - page 269

(ll) “Option Right” means the right to purchase shares of Common Stock upon exercise of a Non-Qualified Option or an
Incentive Stock Option granted pursuant to Section 4 of this Plan.
(mm) “Participant” means a person who is selected by the Board, the Compensation Committee or an Authorized Officer to
receive benefits under this Plan and who is at the time (i) an Employee or a Non-Employee Director, or (ii) providing services to the
Corporation or a Subsidiary, including but not limited to, a consultant, an advisor, independent contractor, or other non-Employee of the
Corporation or any one or more of its Subsidiaries.
(nn) “Performance Period” means, in respect of a Performance Share or Performance Unit, a period of time established
p
ursuant to Section 8 of this Plan within which the Management Objectives relating to such Performance Share or Performance Unit are to be
achieved.
(oo) “Performance Share” means a bookkeeping entry that records the equivalent of one share of Common Stock awarded
p
ursuant to Section 8 of this Plan.
(pp) “Performance Unit” means a bookkeeping entry awarded pursuant to Section 8 of this Plan that records a unit equivalent
to $1.00 or such other value as is determined by the Compensation Committee.
(qq) “Person” has the meaning set forth in Section 2(h)(i).
(rr) “Plan” means this Sprint Nextel Corporation 2007 Omnibus Incentive Plan, as it may be amended from time to time.
(ss) “Plan Year” has the meaning set forth in Section 9(g) and (h).
(tt) “Pre-CIC Termination” means the termination of a Participant’s employment without Cause, provided that both (i) the
termination was made in the six (6) month period prior to a Change in Control at the request of a third party in contemplation of a Change in
Control, and (ii) the Change in Control occurs. For purposes of paying an amount that is subject to Section 409A of the Code at a time that
references a Pre-CIC Termination, Pre-CIC Termination shall mean Separation from Service under these circumstances
(uu) “Predecessor Plans” means (i) the Management Incentive Stock Option Plan, effective February 18, 1995, (ii) the Sprint
1997 Plan, and (iii) the Nextel Plan.
(vv) “Qualified Performance-Based Award” means any Award or portion of an Award that is intended to satisfy the
requirements for “qualified performance-based compensation” under Section 162(m) of the Code.
(ww) “Restricted Stock” means shares of Common Stock granted or sold pursuant to Section 6 of this Plan as to which
neither the substantial risk of forfeiture nor the prohibition on transfer has expired.
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