Sprint - Nextel 2012 Annual Report Download - page 223

termination exercise period for the various termination reasons. The Option Right will expire as of the end of the applicable period. In
no event, however, may you exercise your Option Right after the Expiration Date.
*See paragraph 3 for rules regarding acceleration of vesting.
If the last day to exercise under the schedule described in the table above is a Non - Business Day, then you must exercise no
later than the previous business day. You are solely responsible for managing the exercise of your Option Award in order to avoid
inadvertent expiration.
7.
Transfer of your Option Right and Designation of Beneficiaries
Your Option Right represents a contract between Sprint Nextel and you, and your rights under the contract are not
assignable to any other party during your lifetime. Upon your death, your Option Right
Termination Event
Time to Exercise Vested Options
Resignation
May exercise up through the 90
th
day after your
Termination Date
Death*
May exercise up through the 12
th
month after your
Termination Date
Disability - if you have a termination of
employment under circumstances that
would make you eligible for benefits under
the company's long - term disability plan*
May exercise up through 60 months after your
Termination Date
Early Retirement (i.e., on your Termination
Date you would be eligible to commence
early or special early retirement benefits
under the Sprint Retirement Pension Plan
whether or not you are a participant in that
plan)
May exercise up through 60 months after your
Termination Date
Normal Retirement (i.e., your Termination
Date is on or after your 65
th
birthday)*
May exercise up through 60 months after your
Termination Date
Involuntary termination (not for Cause) not
in connection with a Change in Control
May exercise up through:
-
the 90
th
day after your Termination Date,
or
-
60 months after your Termination Date if
you are eligible for Early Retirement or
Normal Retirement on your Termination
Date
If you have a termination of employment
during the CIC Severance Protection
Period under circumstances for which you
receive severance benefits under the Sprint
Nextel Separation Plan, the CIC
Severance Plan, or your employment
agreement (as applicable)*
May exercise up through:
-
the 90
th
day after your Termination Date,
or
-
60 months after your Termination Date if
you are eligible for Early Retirement or
Normal Retirement on your Termination
Date
For Cause
Forfeited as of Termination Date