Sprint - Nextel 2011 Annual Report Download - page 315

normally become vested - that is, the vesting of RSUs may accelerate. Accelerated vesting occurs under the three circumstances described
below:
Termination Date means your termination of employment, or if, after your involuntary termination you receive severance from us paid
according to our payroll cycle (i.e., not in a lump sum), Termination Date means the last day of your severance pay period.
Separation from Service is defined in the Plan. Generally, it means the date of your termination of employment with us. To contrast
the date of your Separation from Service from your Termination Date, if you are involuntarily terminated and receive severance pay from us,
your Separation from Service would occur on the last day you actually worked for us and your Termination Date would occur on the last day
of your severance pay period.
Six-Month Payment Delay is defined in the Plan to mean the required delay in payment to a Participant who is a “specified employee”
of amounts subject to Section 409A of the Internal Revenue Code (the “Code”) that are paid upon Separation from Service.
CIC Severance Protection Period is defined in the Plan. It means the time period commencing on the date of the first occurrence of a
Change in Control and continuing until the earlier of (i) the 18-month anniversary of such date or (ii) the Participant's death.
If, before your Vesting Date, you have a termination of employment under circumstances that you receive severance benefits under the
Sprint Nextel Separation Plan, the CIC Severance Plan, or your employment agreement (if applicable), and the scheduled Vesting Date occurs
before your Termination Date, you will vest in your RSUs on the scheduled Vesting Date.
6. Delivery Date; Market Value Per Share
The Delivery Date, the date as of which we distribute the Common Stock underlying the RSUs to you, is the Vesting Date, or the day
after the Six-Month Payment Delay if that delay applies to your RSUs. We calculate your taxable income on the Delivery Date using the
Market Value Per Share on the immediately preceding trading
Event Condition for acceleration Effective date of acceleration
Death If you die before your Termination Date. Death
Disability
If you have a Separation from Service under circumstances that
make you eligible for benefits under the company's long-term
disability plan.
Your Separation from Service (or after the Six-Month
Payment Delay if you are a “specified employee” subject to
this delay).
Change in Control
If you have a Separation from Service during the CIC Severance
Protection Period under circumstances that you receive severance
benefits under the Sprint Nextel Separation Plan, the CIC Severance
Plan, or your employment agreement (if applicable).
Your Separation from Service (or after the Six-Month
Payment Delay if you are a “specified employee” subject to
this delay).