Sprint - Nextel 2013 Annual Report Download - page 228

SCHEDULE I
TO INCREMENTAL AGREEMENT NO. 2
REVOLVING CREDIT COMMITMENTS
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Exhibit 10.78
EMPLOYMENT AGREEMENT
THIS EMPLOYMENT AGREEMENT (this “ Agreement ” ) is made and entered into as of October 2, 2012 (the “ Effective Date ” ),
by and between Sprint Nextel Corporation, a Kansas corporation (the “ Company ” ) on behalf of itself and any of its subsidiaries, affiliates and
related entities, and Jeffrey D. Hallock (the “ Executive ” ) ( the Company and the Executive, collectively, the “ Parties, ” and each, a “ Party ” ).
Certain capitalized terms are defined in Section 29.
WITNESSETH :
WHEREAS, the Executive serves the Company as Senior Vice President, Marketing; and
WHEREAS, the Executive and the Company are parties to an Amended and Restated Special Compensation and Non - Compete
Agreement effective as of December 31, 2008 (the “ Prior Employment Agreement ” ); and
WHEREAS, the Executive and the Company desire to enter into this Agreement.
NOW, THEREFORE, in consideration of the premises and of the covenants and agreements set forth herein and for other good and
valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the Company and the Executive agree as follows:
1. Employment .
(a) The Company will continue to employ the Executive and the Executive will continue to be employed by the
Company upon the terms and conditions set forth herein.
(b) The employment relationship between the Company and the Executive shall be governed by the general
employment policies and practices of the Company, including without limitation, those relating to the Company ’ s Code of Conduct,
confidential information and avoidance of conflicts, except that when the terms of this Agreement differ from or are in conflict with the
Company ’ s general employment policies or practices, this Agreement shall control.
2.
Term . Subject to termination under Section 9, the Executive ’ s employment shall be for an initial term of 24 months
commencing on the Effective Date and shall continue through the second anniversary of the Effective Date (the “ Initial Employment Term ” ). At
the end of the Initial Employment Term and on each succeeding anniversary of the Effective Date, the Employment Term will be automatically
extended by an additional 12 months (each, a “ Renewal Term ” ), unless, not less than 12 months prior to the end of the Initial Employment
Term or any Renewal Term, either the Executive or the Company has given the other written notice (in accordance with Section 20) of
nonrenewal. The Executive shall provide the Company with written notice of his intent to terminate employment with the Company at least 30
days prior to the effective date of such termination.
Incremental Lender
Revolving Credit Commitment
Pursuant to Incremental Agreement No. 2
MIZUHO BANK, LTD.
$300,000,000
Section 3: EX-10.78 (JEFFREY D. HALLOCK EMPLOYMENT AGREEMENT)