Sprint - Nextel 2015 Annual Report Download - page 340

provided in this Section 8, the Company will pay or reimburse the Executive’s relocation expenses in accordance with the
Company’s relocation program applicable to senior executives.
9. Termination .
(a) Termination by the Company for Cause or Resignation by the Executive Without Good Reason . If,
during the Employment Term, the Executive’s employment is terminated by the Company for Cause, or if the Executive
resigns without Good Reason, the Executive shall not be eligible to receive Base Salary or to participate in any Employee
Plans with respect to future periods after the date of such termination or resignation except for the right to receive accrued
but unpaid cash compensation and vested benefits under any Employee Plan in accordance with the terms of such Employee
Plan and applicable law.
(b) Termination by the Company Without Cause or Resignation by the Executive for Good Reason
outside of the CIC Severance Protection Period . If, during the Employment Term, the Executive’s employment is terminated
by the Company without Cause or the Executive terminates for Good Reason prior to, or following expiration of, the CIC
Severance Protection Period and such termination constitutes a Separation from Service or the Executive is entitled to
severance compensation and benefits under this Section 9(b) pursuant to the provisions of Section 9(c), the Executive shall
be entitled to receive from the Company: (1) the Executive’s accrued, but unpaid, Base Salary through the date of
termination of employment, payable in accordance with the Company’s normal payroll practices and any vested benefits
under any Employee Plan in accordance with the terms of such Employee Plan and applicable law, and (2) conditioned upon
the Executive executing a Release within the Release Consideration Period and delivering it to the Company with the Release
Revocation Period expired without revocation, and in full satisfaction of the Executive’s rights and any benefits the
Executive might be entitled to under the Separation Plan and this Agreement and any requirements of the Worker Adjustment
and Retraining Notification Act or similar law, unless otherwise specified herein:
(i) periodic payments equal to his Base Salary in effect prior to the termination of his employment,
which payments shall be paid to the Executive in equal installments on the regular payroll dates under the Company’s
payroll practices applicable to the Executive on the date of this Agreement for the Payment Period, except that if the
Executive is a Specified Employee, with respect to any amount payable by reason of the Separation from Service that
constitutes deferred compensation within the meaning of Code Section 409A, such installments shall not commence
until after the end of the six continuous month period following the date of the Executive’s Separation from Service,
in which case, the Executive shall be paid a lump-sum cash payment equal to the aggregate amount of missed
installments during such period on the first day of the seventh month following the date of the Executive’s Separation
from Service;
(ii) (A) receive a pro rata payment of the Bonus Award for the portion of the Company’s current fiscal year
prior to the date of termination of his