Sprint - Nextel 2015 Annual Report Download - page 359

the language “at least 50 percent” is used instead of “at least 80 percent” each place it appears in Code Sections 1563(a)(1),
(2) and (3), and in applying Treasury Regulation Section 1.414(c)-2 for purposes of determining trades or businesses
(whether or not incorporated) that are under common control for purposes of Code Section 414(c), “at least 50 percent” is
used instead of “at least 80 percent” each place it appears in Treasury Regulation Section 1.414(c)-2. In addition, where the
use of such definition of “Company” for purposes of determining a Separation from Service is based upon legitimate
business criteria, in applying Code Sections 1563(a)(1), (2), and (3) for purposes of determining a controlled group of
corporations under Code Section 414(b), the language “at least 20 percent” is used instead of “at least 80 percent” at each
place it appears in Code Sections 1563(a)(1), (2) and (3), and in applying Treasury Regulation Section 1.414(c)-2 for
purposes of determining trades or businesses (whether or not incorporated) that are under common control for purposes of
Code Section 414(c), “at least 20 percent” is used instead of “at least 80 percent” at each place it appears in Treasury
Regulation Section 1.414(c)-2.
(pp) “Separation Plan” means the Company’s Separation Plan, as may be amended from time to time, or any
successor plan, program, arrangement or agreement thereto.
(qq) “Specified Employee” shall mean an Executive who is a “specified employee” for purposes of Code
Section 409A, as administratively determined by the Board in accordance with the guidance and Treasury regulations issued
under Code Section 409A.
(rr) “STIP” means the Company’s short-term incentive plan under Section 8 of the Company’s 2015
Omnibus Incentive Plan, effective August 7, 2015, as may be amended from time to time, or any successor plan, program or
arrangement thereto.
(ss) “Subsidiary” shall mean any entity, corporation, partnership (general or limited), limited liability
company, entity, firm, business organization, enterprise, association or joint venture in which the Company directly or
indirectly controls ten percent (10%) or more of the voting interest. Notwithstanding the foregoing, for purposes of Section
3(a), “Subsidiary” shall mean any affiliate with which the Company would be considered a single employer as described in
the definition of Separation from Service.
(tt) “Target Bonuses” has the meaning set forth in Section 4(b)(i).
(uu) “Territory” has the meaning set forth in Section 11(b).
_____________________________________
Signature Page Follows