Sprint - Nextel 2015 Annual Report Download - page 372

(bb) “ Participating Employer ” means the Corporation and any Subsidiary of the Corporation that is designated as a
Participating Employer under the Plan by the Board, excluding, however, any division of the Corporation or of a
Subsidiary or affiliate of the Corporation that is designated by the Board as ineligible to participate in the Plan.
Appendix III contains a list of the Participating Employers currently participating in the Plan that have adopted the
Plan pursuant to Article Six.
(cc) “ Payment ” has the meaning set forth in Section 4.05.
(dd) “ Person ” has the meaning set forth in Section 2.01(h)(i).
(ee) “ Plan ” has the meaning set forth in Section 1.01, as such may be amended from time to time, or any successor plan,
program or arrangement thereto.
(ff) “ Pre - CIC Termination ” means the termination of a Participant without Cause if (i) the termination occurs in the
six-month period before a Change in Control at the request of a third party in contemplation of a Change in Control,
(ii) the Change in Control occurs, and (iii) the termination constitutes a Separation from Service.
(gg) “ Release ” means a release of claims and a non-compete agreement and other restrictive covenants in a form
provided to the Participant by the Corporation in connection with the payment of benefits under this Plan.
(hh) “ Release Consideration and Revocation Period ” means the combined total of the Release Consideration Period and
the Release Revocation Period.
(ii) “ Release Consideration Period ” means the period of time pursuant to the terms of a Release afforded a Participant to
consider whether to sign it.
(jj) “ Release Revocation Period ” means the period pursuant to the terms of an executed Release in which it may be
revoked by a Participant.
(kk) “ Renewal Term ” has the meaning set forth in Section 5.02.
(ll) “ Separation from Service ” means “separation from service” from an Employer as described under Code Section
409A and any governing Internal Revenue Service guidance and Treasury regulations. A Participant who is a Board
member does not have a Separation from Service until he or she has a Separation from Service with respect to both
his or her employment and his or her Board membership. “Employer” means the Corporation and any affiliate with
which the Corporation is treated as a single employer under Code Section 414(b) or 414(c), as modified in (i) and (ii)
below.
(i) 50 Percent-Owned Entities . In applying Code Sections 1563(a)(1), (2), and (3) to Code Section 414(b), the
language “at least 50 percent” is used instead of “at least 80 percent” each place it appears. In applying
Treasury Regulation Section 1.414(c)-2 to trades or businesses (whether or not incorporated) that are under
common control under Code Section 414(c),
CIC Severance Plan
Revision Date: 11.6.15 9