Sprint - Nextel 2011 Annual Report Download - page 316

day, but we use the average of the high and low reported prices of our Common Stock instead of the closing price. We will distribute the
Common Stock underlying the RSUs, as soon as practicable after the Delivery Date, but in no event later than 45 days after the Delivery
Date.
7. Transfer of your RSUs and Designation of Beneficiaries
Your RSUs represent a contract between Sprint Nextel and you, and your rights under the contract are not assignable to any other
p
arty during your lifetime. Upon your death, shares of Common Stock underlying your RSUs will be delivered in accordance with the terms
of the Award to any beneficiaries you name in a beneficiary designation or, if you make no designation, to your estate.
8. Plan Terms
All capitalized terms used in this Award Agreement that are not defined in this Award Agreement have the same meaning as those
terms have in the Plan. The terms of the Plan are hereby incorporated by this reference. The Plan is available online at
http://iconnect.nextel.com/portal/iland/?dochome=iw&docpath=IntranetDirectory/LandingPage/20050315_11555#LTI.
9. Adjustment
In the event of any change in the number or kind of outstanding shares of our Common Stock by reason of a recapitalization, merger,
consolidation, spin-off, reorganization, separation, liquidation, stock split, stock dividend, combination of shares or any other change in our
corporate structure or shares of our Common Stock, an appropriate adjustment will be made consistent with applicable provisions of the Code
and applicable Treasury Department rulings and regulations in the number and kind of shares subject to outstanding Awards and any other
adjustments as the Board deems appropriate.
10. Amendment; Discretionary Nature of Plan
This Award Agreement is subject to the terms of the Plan, as may be amended from time to time, except that the Award which is the
subject of this Award Agreement may not be materially impaired by any amendment or termination of the Plan approved after the Date of
Grant without your written consent. You acknowledge and agree that the Plan is discretionary in nature and may be amended, cancelled, or
terminated by us, in our sole discretion, at any time. The grant of RSUs under the Plan is a one-time benefit and does not create any
contractual or other right to receive a grant of RSUs, other types of grants under the Plan, or benefits in lieu of such grants in the future.
Future grants, if any, will be at the sole discretion of the Company, including, but not limited to, the timing of any grant, the number of RSUs
granted, the payment of dividend equivalents, and vesting provisions.
11. Data Privacy
By entering into this agreement, you (i) authorize us, and any agent of ours administering the Plan or providing Plan recordkeeping
services, to disclose to us or our subsidiaries such information and data as we or our subsidiaries request in order to facilitate the grant of the
RSUs and the administration of the Plan; (ii) waive any data