Sprint - Nextel 2013 Annual Report Download - page 234

(iii) continue from the date of Separation from Service for the number of months equal to the period of
continuation coverage the Executive would be entitled to pursuant to Section 4980B of the Code participation in the
Company ’ s group health plans at then - existing participation and coverage levels comparable to the terms in effect from time to
time for the Company ’ s senior executives, including any co - payment and premium payment requirements, for which the
Company shall deduct from each payment payable to the Executive pursuant to Section 9(b)(i) the amount of any employee
contributions necessary to maintain such coverage for such period, except that (A) following such period, the Executive shall
retain any rights to continue coverage under the Company ’ s group health plans under the benefits continuation provisions
pursuant to Section 4980B of the Code by paying the applicable premiums of such plans; and (B) the Executive shall no
longer be eligible to receive the benefits otherwise receivable pursuant to this Section 9(b)(iii) as of the date that the Executive
becomes eligible to receive comparable benefits from a new employer;
(iv) continue for the Payment Period participation in the Company ’ s employee life insurance plans at then -
existing participation and coverage levels, comparable to the terms in effect from time to time for the Company ’ s senior
executives, including any premium payment requirements, for which the Company shall deduct from each payment payable to
the Executive pursuant to Section 9(b)(i) the amount of any employee contributions necessary to maintain such coverage for
such period, except that the Executive shall no longer be eligible to receive the benefits otherwise receivable pursuant to this
Section 9(b)(iv) as of the date that the Executive becomes eligible to receive comparable benefits from a new employer; and
(v) receive outplacement services by a firm selected by the Company at its expense in an amount not to
exceed $35,000; provided , however , that all such outplacement services must be completed, and all payments by the
Company must be made, by December 31
st
of the second calendar year following the calendar year in which the Executive ’ s
Separation from Service occurs.
Notwithstanding anything in this Section 9(b) to the contrary, to the extent the Executive has not executed the Release within the Release
Consideration Period and delivered it to the Company, or has revoked the executed Release within the Release Revocation Period, as
determined at the end of such Release Revocation Period, the Executive will forfeit any right to receive the payments and benefits specified in
this Section 9(b) (other than any accrued but unpaid payments and benefits through the date of termination of employment).
(c) Termination by the Company Without Cause or Resignation by the Executive for Good Reason During the
CIC Severance Protection Period . Subject to (i) - (iv) below, if the Executive ’ s employment is terminated by the Company without
Cause, or the Executive terminates employment for Good Reason, before the Employment Term expires and during the CIC
Severance Protection Period, and the termination constitutes a Separation from Service, subject to the terms of the CIC Severance
Plan, the Executive will become entitled to severance compensation and benefits under the CIC Severance
Hallock Employment Agreement Page 6 of 25