EX-10 7 summaryexecben10f.txt EXECUTIVE BENEFIT SUMMARY Exhibit 10(f) SUMMARY OF EXECUTIVE OFFICER BENEFITS AND BOARD OF DIRECTORS BENEFITS AND FEES
Description of Eligible Positions Amount/Schedule Benefit Automobile Chief Executive Officer $1,500/month Allowance Chief Operating Officer $1,300/month Division Presidents and $1,100/month Executive Vice Presidents Senior Vice Presidents $1,000/month _______________________________________________________________________________ Club Membership Chief Executive Officer Approved at discretion of Compensation Committee Chief Operating Officer, Approved at discretion of Division Presidents and direct supervisor Executive Vice Presidents, Senior Vice Presidents _______________________________________________________________________________ Sprint Long- Board of Directors $6,000/year Distance Telephone (continues after Service (1) retirement for up to 120 months) Chief Executive Officer, Actual usage (continues Chief Operating Officer, after retirement) Division Presidents, Executive and Senior Vice Presidents _______________________________________________________________________________ Sprint PCS Board of Directors $2,000/year Service (1) Use of PCS handsets _______________________________________________________________________________ Income tax Chief Executive Officer and Amount incurred compliance for Chief Operating Officer, 2002 tax year Division Presidents, (preparation EVP/Chief Financial Officer of federal and & EVP Legal & External state income Affairs tax filings and related analyses) (1)(2) _______________________________________________________________________________ Miscellaneous Chief Executive Officer and $15,000/year services Chief Operating Officer (investment Division Presidents and $12,000/year counseling, Executive Vice Presidents insurance Senior Vice Presidents $10,000/year counseling, preparation of wills and trusts, tax counseling, income tax preparation, estate planning, and personal financial planning) (1)(3) _______________________________________________________________________________ Description of Eligible Positions Amount/Schedule Benefit Disability Chief Executive Officer, 52 weeks at full base pay Chief Operating Officer, Division Presidents, Executive and Senior Vice Presidents _______________________________________________________________________________ Separation Chief Executive Officer, Less than 5 years Chief Operating service: Officer, Division 17 weeks salary Presidents, Executive and continuation Senior Vice Presidents 5 to 10 years service (unless otherwise 35 weeks salary provided in an individual continuation agreement with an 11 to 18 years service officer) 43 weeks salary continuation More than 19 years service: 1 year salary continuation _______________________________________________________________________________ Fees Board of Directors Annual retainer - $40,000/ year Meeting Fee - $ 1,250/ meeting Committee Meeting Fee - $ 1,000/ Meeting Fee for In-person Meetings of Outside Directors - $ 1,250/ meeting _______________________________________________________________________________ (1) Sprint reimburses for income taxes associated with these benefits. (2) This benefit has been eliminated with respect to tax years after 2002. (3) With respect to tax years after 2002, Sprint's independent auditor may not provide these services.