Sprint - Nextel 2015 Annual Report Download - page 369

(iii) during any consecutive eighteen (18) month period, more than thirty percent (30%) of the Board ceases to be
comprised of Incumbent Directors;
(iv) consummation of a transaction that implements in whole or in part a resolution of the stockholders of the
Corporation authorizing a sale of all or substantially all of Corporation’s assets or a complete liquidation or
dissolution of the Corporation, except pursuant to a Business Transaction that complies with sub-clauses (A),
(B) and (C) of clause (ii) above; or
(v) the cessation of the listing of, or the cessation of the requirement to list, all classes of the Corporation’s equity
securities on a national securities exchange.
(i) “ Chief Executive Officer ” means the Chief Executive Officer of the Corporation.
(j) “ CIC Severance Protection Period ” means the time period commencing on the date of the first occurrence of a
Change in Control and continuing until the earlier of (i) the 18-month anniversary of such date or (ii) the Participant’s
death. A CIC Severance Protection Period shall also include the time period before the occurrence of a Change in
Control for Participants who are subject to a Pre-CIC Termination with respect to the affected Participant.
(k) “ Code ” means the Internal Revenue Code of 1986, as amended and the proposed, temporary and final regulations
promulgated thereunder. Reference to any section or subsection of the Code includes reference to any comparable or
succeeding provisions of any legislation that amends, supplements or replaces such section or subsection.
(l) “ Company ” means as the context requires, the Corporation, any Participating Employer, or any entity to which a
Participant’s employment is transferred, at the direction of the Corporation, and with which the Corporation would be
considered a single employer as described in the definition of Separation from Service.
(m) “ Compensation Committee ” has the meaning set forth in Section 1.04.
(n) “ Corporation ” means Sprint Corporation, a Delaware corporation, or any successor company.
(o) “ Director ” means a member of the Board.
(p) “ Effective Date ” means January 1, 2007.
(q) “ Employment Agreement ” means any written employment agreement between a Company and a Participant.
(r) “ ERISA ” means the Employee Retirement Income Security Act of 1974, as amended, and the regulations
promulgated thereunder. Reference to any section or subsection of ERISA includes reference to any comparable or
succeeding
CIC Severance Plan
Revision Date: 11.6.15 6