Sprint - Nextel 2012 Annual Report Download - page 227

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.
CIC Severance Plan means the Sprint Nextel Corporation Change in Control Plan, as it may be amended from time to time,
or any successor plan. 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.
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 paragraph 409A of the Internal Revenue Code (the “ Code ” ) that are paid upon Separation from
Service.
6.
Dividends
If cash dividends are paid on the Common Stock underlying Adjusted RSUs, which you hold on the dividend record date as
determined retrospectively, you will receive a cash payment equal to the amount of the dividend that would be paid on such Common
Stock as soon as practicable after the Delivery Date but in no event later than 45 days after such date.
If non - cash dividends are paid on the Common Stock underlying such RSUs, the Compensation Committee, in its sole
discretion, may (1) adjust the RSUs as described in paragraph 10 of this Agreement; or (2) provide for distribution of the property
distributed in the non - cash dividend, in which case your vesting and delivery date for the property distributed on the Common Stock
underlying your RSUs will be Delivery Date (see below).
7.
Delivery Date; Market Value Per Share
The Delivery Date (the date as of which we distribute to you the Common Stock underlying your vested RSUs) 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 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 your vested
Event
Condition for acceleration
Effective date of acceleration
Death
If you die.
Date of your 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
immediately 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
immediately after the Six - Month
Payment Delay if you are a “ specified
employee ” subject to this delay).