Sprint - Nextel 2012 Annual Report Download - page 229

15.
Taxes
You are liable for any and all taxes, including withholding taxes, arising out of this grant or the issuance of the Common Stock
on vesting of RSUs. The Company is authorized to deduct the amount of the tax withholding from the amount payable to you upon
settlement of the RSUs. We will withhold from the total number of shares of Common Stock you are to receive a number of shares
the value of which is sufficient to satisfy any such withholding obligation at the minimum applicable withholding rate. In addition, if you
become subject to FICA or Medicare tax, but you are not yet entitled to delivery of the shares of Common Stock underlying the
RSUs, you hereby authorize us to withhold the resulting FICA or Medicare tax from other income payable to you.
16.
Entire Agreement
You hereby acknowledge that you have read the 2007 Omnibus Incentive Plan Information Statement dated April 2010 (the
“ Information Statement ” ) available at http://iconnect.corp.sprint.com/portal/iland/?
dochome=iw&docpath=IntranetDirectory/LandingPage/20080605_1650_10367056#LTI . To the extent not inconsistent with the
provisions of this Agreement, the terms of the Information Statement and the Plan are hereby incorporated by reference. This
Agreement, along with the Information Statement and the Plan, contain the entire understanding of the parties.
Sprint Nextel Corporation
By: ________________________
This document constitutes part of a prospectus covering securities that have been registered under the Securities Act of 1933
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Exhibit 10.34
Stock Option Award Agreement
2012 Long - term Incentive Plan Award
Throughout this Award Agreement (the “ Agreement ” ) we sometimes refer to Sprint Nextel Corporation and its subsidiaries as “ we ”
or “ us. ”
1.
Award of Option Right
On February 22, 2012 (the “ Date of Grant ” ), the Compensation Committee of the Board of Directors of Sprint Nextel (the
“ Compensation Committee ” ) granted you an Option Right to purchase from us [number] shares of Series 1 common stock, par value
$2.00 per share of Sprint Nextel (the “ Common Stock ” ) at an Option Price of $ <<__.__ >> per share. The Option Right is
governed by the terms of the Sprint Nextel Corporation 2007 Omnibus Incentive Plan (the “ Plan ” ) and is subject to the terms and
conditions described in this Agreement. The Option Right is not intended to qualify as an “ incentive stock option ” within the meaning
of Section 422 of the Internal Revenue Code of 1986 (the “ Code ” ).
2. When the Option Right Becomes Exercisable
Your Option Right becomes exercisable (or “ vested") at a rate of 1/3
rd
of the total number of shares subject to purchase on
each of February 22, 2013, February 22, 2014, and February 22, 2015, conditioned upon you continuously serving as our employee
through each applicable vesting date. The portion of your Option Right that has not vested as of your Termination Date (see
paragraph 3) will be forfeited immediately after such date, except to the extent vesting accelerates as described in paragraph 3.
Section 6: EX-10.34 (FORM OF AWARD AGREEMENT (AWARDING
STOCK OPTIONS) (NEXTEL EMPLOYEES))