Sprint - Nextel 2015 Annual Report Download - page 373

“at least 50 percent” is used instead of “at least 80 percent” each place it appears.
(ii) 20 Percent-Owned Entities . In addition to (i) above, where the Compensation Committee determines that
legitimate business criteria exist with respect to a particular entity, in applying Code Sections 1563(a)(1), (2),
and (3) under Code Section 414(b), the language “at least 20 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 for purposes of Code Section 414(c), “at least 20 percent” is
used instead of “at least 80 percent” each place it appears.
(iii) Service Level . A Separation from Service occurs when the Participant’s level of services drops to 21 percent
or less of the average level of service provided by the Participant over the immediately preceding 36-month
period (or if providing services for less than 36 months, that lesser period). If a Participant’s status changes
from an employee to an independent contractor, or from an independent contractor to an employee, services
provided in both capacities are taken into account.
(mm) “ Separation Plan ” means the Corporation’s Separation Plan as may be amended from time to time or any successor
plan, program, arrangement or agreement thereto.
(nn) “ Severance Benefits ” means Severance Pay and the other benefits payable to a Participant pursuant to Article Four
of the Plan.
(oo) “ Severance Benefits Classification ” means a Participant’s severance benefits classification, as specified for the
Participant on Appendix I and as set forth on Appendix II.
(pp) “ Severance Pay ” means the cash severance payments payable to a Participant pursuant to Section 4.01 of the Plan.
(qq) “ Specified Employee ” means a Participant who is a “specified employee” of the Corporation for purposes of Code
Section 409A, as administratively determined by the Board of Directors of the Corporation in accordance with the
guidance and Treasury regulations issued under Code Section 409A.
(rr) “ STIP ” means the Corporation’s short term incentive plan, under Section 8 of the Corporation’s Omnibus Incentive
Plan, effective May 8, 2007, as may be amended from time to time, or any successor plan, program or arrangement
thereto.
(ss) “ Subsidiary ” means any entity in which the Corporation, directly or indirectly, beneficially owns more than fifty
percent (50%) of such entity’s equity interest by vote and value.
CIC Severance Plan
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