Sprint - Nextel 2015 Annual Report Download - page 341

employment; (B) receive a pro rata payment of the Capped Bonus Award for the portion of the Company’s current
fiscal year following the date of termination of his employment; and (C) receive for the next fiscal year following the
fiscal year during which his termination of employment occurs, a pro rata portion of the Capped Bonus Award;
provided , however , that to the extent the Executive’s employment is terminated for Good Reason due to a reduction
of the Executive’s Target Bonus, in accordance with Section 29(x)(ii), the Executive’s Target Bonus for the purposes
of this Section 9(b)(ii) shall be the Executive’s Target Bonus immediately prior to such reduction; and provided,
further , that any pro rata payment shall be determined based on the methodology for determining pro rated awards
under the STIP and each such payment shall be payable in accordance with the provisions of the STIP in the fiscal
year in which the Bonus Award or each Capped Bonus Award, as applicable, is determined, and in all events, not
later than March 31 st of the fiscal year in which each such award is determined;
(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.