Sprint - Nextel 2011 Annual Report Download - page 280

amount payable with respect thereto may be paid by the Corporation in cash, in shares of Common Stock or in any combination thereof and
may either grant to the Participant or retain in the Compensation Committee the right to elect among those alternatives.
(g) Each such grant or sale of Restricted Stock Units will provide that during the period for which such Restriction Period is
to continue, the transferability of the Restricted Stock Units will be prohibited or restricted in the manner and to the extent prescribed by the
Compensation Committee at the Date of Grant (which restrictions may include, without limitation, rights of repurchase or first refusal in the
Corporation or provisions subjecting the Restricted Stock Units to a continuing substantial risk of forfeiture in the hands of any transferee).
(h) Each grant or sale of Restricted Stock Units will be evidenced by an Evidence of Award and will contain such terms and
p
rovisions, consistent with this Plan, as the Compensation Committee or an Authorized Officer may approve.
(i) Except as provided in an Evidence of Award, in the event of a Participant’s termination of employment or service, any of
the Participant’s Restricted Stock Units that remain subject to the Restriction Period on the Participant’s Termination Date will be cancelled
and immediately forfeited without further action on the part of the Corporation or the Compensation Committee, and the Participant will have
no further rights in respect of such Restricted Stock Units.
8. Performance Shares and Performance Units. The Compensation Committee or, in accordance with Section 11(d), an
Authorized Officer may grant Performance Shares and Performance Units that will become payable to a Participant upon achievement of
specified Management Objectives during the Performance Period. Each such grant will utilize any or all of the authorizations as specified in
the following provisions:
(a) Each grant will specify the number of Performance Shares or Performance Units to which it pertains, which number may
be subject to adjustment to reflect changes in compensation or other factors; provided, however, that no such adjustment will be made in the
case of a Qualified Performance-Based Award where such action would result in the loss of the otherwise available exemption of the award
under Section 162(m) of the Code.
(b) The Performance Period with respect to each Performance Share or Performance Unit will be such period of time, as
determined by the Compensation Committee or an Authorized Officer at the Date of Grant.
(c) Any grant of Performance Shares or Performance Units will specify Management Objectives, which, if achieved, will
result in payment of the Award, and each grant may specify in respect of such specified Management Objectives a minimum acceptable level
or levels of achievement and will set forth a formula for determining the number of Performance Shares or Performance Units that will be
earned if performance is at or above the level(s), but falls short of full achievement of the specified Management Objectives. The grant of
Performance Shares or Performance Units will specify that, before the Performance Shares or
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