Sprint - Nextel 2013 Annual Report Download - page 231

(b) Incentive Compensation . The Executive will continue to be eligible to participate in any short - term and
long - term incentive compensation plans, annual bonus plans and such other management incentive programs or arrangements of the
Company approved by the Board that are generally available to the Company ’ s senior executives, including, but not limited to, the
STIP and the LTSIP. Incentive compensation shall be paid in accordance with the terms and conditions of the applicable plans,
programs and arrangements.
(i) Annual Performance Bonus . During the Employment Term, the Executive shall be entitled to participate in
the STIP, with such opportunities as may be determined by the Chief Executive Officer in his sole discretion ( “ Target
Bonuses ” ), and as may be increased (but not decreased, except for across - the - board reductions generally applicable to the
Company ’ s senior executives) from time to time, and the Executive shall be entitled to receive full payment of any award
under the STIP, determined pursuant to the STIP (a “ Bonus Award ” ).
( ii) Long - Term Performance Bonus . During the Employment Term, the Executive shall be entitled to participate
in the LTSIP with such opportunities, if any, as may be determined by the Chief Executive Officer ( “ LTSIP Target Award
Opportunities ” ).
( iii) Incentive bonuses, if earned, shall be paid when incentive compensation is customarily paid to the
Company ’ s senior executives in accordance with the terms of the applicable plans, programs or arrangements.
(iv) Pursuant to the Company ’ s applicable incentive or bonus plans as in effect from time to time, the
Executive ’ s incentive compensation during the term of this Agreement may be determined according to criteria intended to
qualify as performance - based compensation under Section 162(m) of the Code.
(c) Equity Compensation . The Executive shall continue to be eligible to participate in such equity incentive
compensation plans and programs as the Company generally provides to its senior executives, including, but not limited to, the LTSIP.
During the Employment Term, the Compensation Committee may, in its sole discretion, grant equity awards to the Executive, which
would be subject to the terms of the respective award agreements evidencing such grants and the applicable plan or program.
5.
Benefits .
(a) During the Employment Term, the Company shall make available to the Executive, subject to the terms and
conditions of the applicable plans, participation for the Executive and his eligible dependents in: (i) Company - sponsored group health,
major medical, dental, vision, pension and profit sharing, 401(k) and employee welfare benefit plans, programs and arrangements (the
“ Employee Plans ” ) and such other usual and customary benefits in which senior executives of the Company participate from time to
time, and (ii) such fringe benefits and perquisites as may be made available to senior executives of the Company as a group.
Hallock Employment Agreement Page 3 of 25