Sprint - Nextel 2012 Annual Report Download - page 232

*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 may be exercised in accordance with the terms
of the Award by any beneficiary you name in a beneficiary designation or, if you make no designation, by your estate.
8.
Plan Terms
All capitalized terms used in this Agreement that are not defined in this 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 on line at
http://iconnect.corp.sprint.com/portal/iland/?
dochome=iw&docpath=IntranetDirectory/LandingPage/20080605_1650_10367056#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, 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
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 the 12
th
month 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
If you have an Involuntary Termination
without Cause, or you resign with Good
Reason, subject to your execution of a
release as described under Section 9(b) of
your employment agreement
May exercise up through the 12
th
month after your
Termination Date
For Cause
Forfeited as of Termination Date